TEAM FORCE CONSTRUCT
ActiveSummary
The computed 12-month bankruptcy probability of TEAM FORCE CONSTRUCT is 4.9% (elevated). For TEAM FORCE CONSTRUCT, at least two filing cycles of the annual accounts are missing. The 2023 annual accounts show equity of €34,924 and a net result of -€9,330. Equity is growing by ~16% per year across the filed fiscal years. Its solvency ranks better than 64% of 33673 sector peers (fiscal year 2023). The company has been active since 2012 and the Belgian State Gazette contains no insolvency signals. The CBE does carry 1 administrative register entry (see administrative flags).
Checked score
No current score
Figures too old
The available figures for FY 2023 are too old to assess current financial health.
Bankruptcy probability: Elevated
Filing: At least two filing cycles are missing
Axes, FY 2023 · tick = 2022
Profitability0▼-27
Solvency82▼-4
Growth68=
Track record92
Bankruptcy probability, 12 months
4.9%
Elevated
0%0.5%1.5%4%10%≥ 25%
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Signals
Eight signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2023Solvency, return and age of the figures
Solvency
57.3%
Return on assets
-15.3%
Age of the figures
33 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
raises risk · Two or more financial years not filed
Since the financial year that closed on 31-12-2024, 2 financial years are missing at the National Bank. A company this far behind goes bankrupt within the year nineteen times as often as a punctual filer.
NBB · 10 filingsPosition against the passed deadline
31-12-2024 close31-07-2025 deadline28-09-2026 today
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2023 was due by 31-07-2024 and was filed on 15-11-2024, 107 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
107 d late
2022
67 d late
2021
143 d late
2020
122 d late
2019
122 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 5 accounts on average 112 days after the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% of the sector filed late.
raises risk · Administrative warnings in the KBO publications
1 publication by the FPS Economy about this company, such as a strike-off for address, accounts or UBO, or its withdrawal.
KBO publicationsPublications
Address struck
History
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Financials · fiscal year 2023, micro schema
Turnover
€254,479▲ 52.3%
2019 · €167,100
EBIT margin
9.4%▲ 4.1pp
2019 · 5.3%
Net result
-€9,330▼ 1,024%
2022 · -€830
Working capital
€37,749▼ 25.7%
2022 · €50,808
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20192020202120222023
Turnover€167,100▼ 6.4%€254,479▲ 52.3%
Operating result€8,869▲ 341%€23,914▲ 170%€15,776▼ 34.0%€1,905▼ 87.9%-€2,282
Net result€5,535▲ 1,399%€10,466within the sector's middle half▲ 89.1%€7,710within the sector's middle half▼ 26.3%-€830below the sector's middle half-€9,330below the sector's middle half▼ 1,024%
EBIT margin5.3%▲ 4.2pp9.4%▲ 4.1pp
Equity€26,908▲ 135%€37,374within the sector's middle half▲ 38.9%€45,084within the sector's middle half▲ 20.6%€44,254within the sector's middle half▼ 1.8%€34,924within the sector's middle half▼ 21.1%
Total assets€60,241▼ 14.6%€76,629within the sector's middle half▲ 27.2%€84,501within the sector's middle half▲ 10.3%€72,233within the sector's middle half▼ 14.5%€60,984below the sector's middle half▼ 15.6%
Debt€33,333▼ 43.5%€39,255▲ 17.8%€39,417▲ 0.4%€27,979▼ 29.0%€26,060▼ 6.9%
Working capital€32,542▼ 9.5%€41,830▲ 28.5%€55,810▲ 33.4%€50,808▼ 9.0%€37,749▼ 25.7%
Solvency44.7%▲ 28.4pp48.8%within the sector's middle half▲ 4.1pp53.4%within the sector's middle half▲ 4.6pp61.3%within the sector's middle half▲ 7.9pp57.3%within the sector's middle half▼ 4.0pp
above
within
below
the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2023: a loss of €2,282 after €1,905 in 2022, the lowest result in the available series.
Balance-sheet composition
2023 in colour, 2022 as the grey bar beneath
Assets €60,984
Fixed assets
€175 ▼ 81.5%
Current assets
€60,809 ▼ 14.7%
Equity and liabilities €60,984
Equity
€34,924 ▼ 21.1%
Debt
€26,060 ▼ 6.9%
Debt's share of the balance-sheet total rises from 38.7% to 42.7%. Equity and debt are lower.
Key figures and ratios
EBITDA
-€1,512▼
2022 · €2,676
Cash flow
-€8,559▼
2022 · -€59
Current ratio
2.64▼
2022 · 3.48
Debt to equity
0.75▲
2022 · 0.63
ROE
-26.7%▼
2022 · -1.9%
ROA
-15.3%▼
2022 · -1.1%
Interest coverage
-0.21▼
2022 · 1.18
Debt ≤ 1 year
€23,060▲
2022 · €20,479
Debt > 1 year
€3,000▼
2022 · €7,500
Income taxes
€9▼
2022 · €472
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | €167,100 | €254,479 | - | - | - | - |
| Remuneration, social security and pensions62 | - | - | - | €49 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,568 | €1,237 | €1,833 | €771 | €771 | = |
| Other operating charges640/8 | - | - | €1,910 | €2,080 | €1,752 | ▼ 15.8% |
| Gross operating margin9900 | €12,275 | €25,677 | €19,520 | €4,806 | €241 | ▼ 95.0% |
| Operating profit (loss)9901 | €8,869 | €23,914 | €15,776 | €1,905 | -€2,282 | ▼ 220% |
| Financial income75/76B | - | - | €702 | €0 | €0 | ▼ 91.5% |
| Recurring financial income75 | €0 | €16 | €702 | €0 | €0 | ▼ 91.5% |
| Financial charges65/66B | - | - | €6,675 | €2,263 | €7,039 | ▲ 211% |
| Recurring financial charges65 | €1,708 | €10,800 | €6,675 | €2,263 | €7,039 | ▲ 211% |
| Profit (loss) for the period before taxes9903 | €7,161 | €13,130 | €9,803 | -€358 | -€9,321 | ▼ 2,506% |
| Income taxes67/77 | €1,626 | €2,664 | €2,093 | €472 | €9 | ▼ 98.1% |
| Profit (loss) for the period9904 | €5,535 | €10,466 | €7,710 | -€830 | -€9,330 | ▼ 1,024% |
| Profit (loss) for the period to be appropriated9905 | €5,535 | €10,466 | €7,710 | -€830 | -€9,330 | ▼ 1,024% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €60,241 | €76,629 | €84,501 | €72,233 | €60,984 | ▼ 15.6% |
| Fixed assets21/28 | €2,474 | €1,237 | €1,717 | €946 | €175 | ▼ 81.5% |
| Tangible fixed assets22/27 | €2,474 | €1,237 | €1,717 | €946 | €175 | ▼ 81.5% |
| Furniture and vehicles24 | - | - | €1,717 | €946 | €175 | ▼ 81.5% |
| Current assets29/58 | €57,767 | €75,392 | €82,784 | €71,288 | €60,809 | ▼ 14.7% |
| Amounts receivable within one year40/41 | €24,306 | €7,682 | €15,344 | €14,218 | €6,108 | ▼ 57.0% |
| Trade receivables40 | - | - | €6,800 | €6,800 | €2,007 | ▼ 70.5% |
| Other amounts receivable41 | - | - | €8,544 | €7,418 | €4,101 | ▼ 44.7% |
| Cash at bank and in hand54/58 | €33,461 | €67,710 | €67,440 | €57,070 | €54,701 | ▼ 4.2% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €60,241 | €76,629 | €84,501 | €72,233 | €60,984 | ▼ 15.6% |
| Equity10/15 | €26,908 | €37,374 | €45,084 | €44,254 | €34,924 | ▼ 21.1% |
| Contributions10/11 | €16,100 | - | €16,100 | €16,100 | €16,100 | = |
| Reserves13 | €606 | €1,129 | €1,167 | €1,167 | €1,167 | = |
| Non-distributable reserves130/1 | - | - | €1,167 | €1,167 | €1,167 | = |
| Reserves not available under the articles1311 | - | - | €1,167 | €1,167 | €1,167 | = |
| Profit (loss) carried forward14 | €10,202 | €20,145 | €27,817 | €26,987 | €17,656 | ▼ 34.6% |
| Amounts payable17/49 | €33,333 | €39,255 | €39,417 | €27,979 | €26,060 | ▼ 6.9% |
| Amounts payable after more than one year17 | €7,407 | €4,993 | €12,443 | €7,500 | €3,000 | ▼ 60.0% |
| Financial debts170/4 | - | - | €12,443 | €7,500 | €3,000 | ▼ 60.0% |
| Amounts payable within one year42/48 | €25,225 | €33,561 | €26,974 | €20,479 | €23,060 | ▲ 12.6% |
| Current portion of amounts payable after more than one year42 | - | - | €2,550 | €2,443 | - | - |
| Financial debts43 | - | - | €14,006 | €12,975 | €14,901 | ▲ 14.8% |
| Credit institutions430/8 | - | - | €14,006 | €12,975 | €14,901 | ▲ 14.8% |
| Trade debts44 | €7,558 | €13,334 | €5,620 | €1,454 | €51 | ▼ 96.5% |
| Suppliers440/4 | - | - | €5,620 | €1,454 | €51 | ▼ 96.5% |
| Taxes, remuneration and social security45 | - | - | €4,798 | €3,108 | €3,108 | = |
| Taxes450/3 | - | - | €4,798 | €3,108 | €3,108 | = |
| Other amounts payable47/48 | - | - | - | €500 | €5,000 | ▲ 900% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €5,535 | €10,466 | €7,710 | -€830 | -€9,330 | ▼ 1,024% |
| + Depreciation and write-downs630 | €1,568 | €1,237 | €1,833 | €771 | €771 | = |
| Operating cash flow (approximation) | €7,103 | €11,703 | €9,544 | -€59 | -€8,559 | ▼ 14,383% |
| Investment in fixed assets (approximation) | - | €0 | -€2,313 | €0 | €0 | - |
| Change in cash | - | €34,249 | -€270 | -€10,370 | -€2,369 | ▲ 77.2% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
2025
14-02
KBO administration
Address struck
2024
15-11
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 107 days late
2023
31-12
Financial
Weakest financial yearnet -€9,330
Net result drops to -€9,330, the lowest in the series.
06-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 67 days late
2022
21-12
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 143 days late
2021
30-11
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 122 days late
2020
31-12
Financial
Highest result since 2018net €10,466 ▲89.1%
Operating result €23,914, net result €10,466, both a record.
30-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 122 days late
2019
27-09
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 58 days late
2018
02-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 2 days late
2017
26-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
2016
25-08
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 25 days late
2015
31-07
NBB filing
Annual accounts filed
fiscal year 2014 · abbreviated schema
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
4 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Antwerpen · 1 establishment unit since 2012
Ground area
226 m²
Building footprint
172 m²
Volume, LiDAR
1,327 m³
Parcel 11463D0318/00P005, Flanders · tallest building 11.5 m, ±3 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
TEAM FORCE CONSTRUCT
since 20122.208.673.073
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11463D0318/00P005 | Flanders | 226 m² | 1 · 172 m² | 11.5 m · 3 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 15,521 companies in sector 43990 we hold annual accounts for 7,423. 5,813 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded22-03-2012
Fiscal year end31-12
Activities, NACEBEL 2025
43990Other specialised construction activities
43310Plastering work
E-invoicing
Reachable via Peppol
Peppol ID
0208:0844624134
Also
9925:BE0844624134
Registered
25-08-2026
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.