TEAM LOGISTICS
Open bankruptcyA bankruptcy procedure is open for TEAM LOGISTICS according to publications in the Belgian State Gazette; curator: PIERRE-EMMANUEL CORNIL.
Summary
The 2020 annual accounts show equity of €116,300 and a net result of €76,899.
Are you a creditor?
Open bankruptcy
Source: Belgian Official Gazette
If this company owes you money, you are not paid automatically: you file your claim yourself, within the deadline the judgment sets.
The procedure
- Court
- Enterprise Court of Hainaut, Charleroi division
- Declared bankrupt
- 15 May 2023
- Supervising judge
- Pierre Piraux
- Official Gazette
- 24-05-2023 (pdf) ↗search the document for 2023/120130
Deadlines
- Provisional date payments stopped
- 15 May 2023A later judgment can change the date.art. XX.105 CEL
- Appeal or third-party opposition until
- passed on 8 June 2023Fifteen days after the publication in the Official Gazette.art. XX.108 CEL
- File the claim in RegSol until
- passed on 14 June 2023art. XX.104 and XX.155 CEL
- First verification report
- passed on 12 July 2023Goods that belong to you, such as those delivered under retention of title, are reclaimed before this day.art. XX.104 and XX.194 CEL
- Late claim until
- passed on 15 May 2024Late, you share only in what has not been paid out yet, and the costs are yours.art. XX.165 CEL
Curator
- Pierre-Emmanuel CornilRue De Gozee, 137, 6110 Montigny-Le-Tilleul- . Date provisoire de cessation de paiement : 15/05/2023pe.cornil@codeca.be
What to do now
- Do not deliver on credit any more without an agreement with the curator.
- Gather your documents: invoices, purchase orders, contract, delivery notes and reminders.
- File your proof of claim in RegSol (regsol.be), yourself with eID or itsme, or through your lawyer. State principal, interest and costs separately, and any preferential right you hold.
- Delivered under retention of title? Reclaim your goods before the first report on the verification of claims.
- Ask your accountant about the VAT on the unpaid invoices: in a bankruptcy it can be recovered under conditions.
- Follow the file in RegSol: the verification report (admitted or disputed) and the curator's reports appear there.
The deadlines above come from the publication of the judgment. Check them in RegSol before you file anything; a passed deadline no longer applies.
File a claim in RegSol ↗
Watch
Follow this bankruptcy: you are alerted when it is closed or reversed.
General information, not legal advice. If in doubt, the curator, your lawyer or your accountant can help.Creditor guide for this company
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Signals
Two signals.
+raises risk
Checked, nothing found (1)
History
Go further with this company
Who ran this company, and where was it based, on a date before the end?Company as of a date Are there other customers at risk in your own list?List enrichment How is the Freight transport by road sector doing?Sector figures
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2020, micro schema
Equity
€116,300▲ 195%
2019 · €39,401
Total assets
€334,140▲ 49.3%
2019 · €223,837
Net result
€76,899▲ 270%
2019 · €20,801
Working capital
€23,008
2019 · -€70,399
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 49, Land transport and transport via pipelines, 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
Line20192020
Operating result€20,801-€78,192▲ 276%
Net result€20,801-€76,899above the sector's middle half▲ 270%
Equity€39,401-€116,300above the sector's middle half▲ 195%
Total assets€223,837-€334,140above the sector's middle half▲ 49.3%
Debt€184,436-€217,840▲ 18.1%
Working capital-€70,399-€23,008within the sector's middle half
Solvency17.6%-34.8%within the sector's middle half▲ 17.2pp
Current ratio0.48-1.32within the sector's middle half▲ 0.83
Return on assets (ROA)9.3%-23.0%above the sector's middle half▲ 13.7pp
Staff (FTE)1.4-2.2within the sector's middle half▲ 57.1%
above
within
below
the middle half (P25 to P75) of NACE 49, Land transport and transport via pipelines, 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 rises in 2020; 2020 is 276% above 2019.
Balance-sheet composition
2020 in colour, 2019 as the grey bar beneath
Assets €334,140
Fixed assets
€238,092 ▲ 49.9%
Current assets
€96,048 ▲ 47.7%
Equity and liabilities €334,140
Equity
€116,300 ▲ 195%
Debt
€217,840 ▲ 18.1%
Debt's share of the balance-sheet total falls from 82.4% to 65.2%. Equity and debt are higher.
Key figures and ratios
EBITDA
€173,729▲
2019 · €62,784
Cash flow
€172,436▲
2019 · €62,784
Debt to equity
1.25▲
2019 · 1.24
ROE
66.1%▲
2019 · 52.8%
Debt ≤ 1 year
€73,040▼
2019 · €135,436
Debt > 1 year
€144,800▲
2019 · €49,000
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2019 | 2020 | Change |
|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €41,983 | €95,537 | ▲ 128% |
| Gross operating margin9900 | €134,055 | €292,689 | ▲ 118% |
| Operating profit (loss)9901 | €20,801 | €78,192 | ▲ 276% |
| Recurring financial charges65 | - | €1,293 | - |
| Profit (loss) for the period before taxes9903 | €20,801 | €76,899 | ▲ 270% |
| Profit (loss) for the period9904 | €20,801 | €76,899 | ▲ 270% |
| Profit (loss) for the period to be appropriated9905 | €20,801 | €76,899 | ▲ 270% |
| Line | 2019 | 2020 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €223,837 | €334,140 | ▲ 49.3% |
| Fixed assets21/28 | €158,800 | €238,092 | ▲ 49.9% |
| Tangible fixed assets22/27 | €84,800 | €149,092 | ▲ 75.8% |
| Financial fixed assets28 | €74,000 | €89,000 | ▲ 20.3% |
| Current assets29/58 | €65,037 | €96,048 | ▲ 47.7% |
| Amounts receivable within one year40/41 | €39,265 | €72,295 | ▲ 84.1% |
| Cash at bank and in hand54/58 | €25,772 | €14,513 | ▼ 43.7% |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €223,837 | €334,140 | ▲ 49.3% |
| Equity10/15 | €39,401 | €116,300 | ▲ 195% |
| Contributions10/11 | €18,600 | €18,600 | = |
| Reserves13 | €1,860 | €1,860 | = |
| Profit (loss) carried forward14 | €18,941 | €95,840 | ▲ 406% |
| Amounts payable17/49 | €184,436 | €217,840 | ▲ 18.1% |
| Amounts payable after more than one year17 | €49,000 | €144,800 | ▲ 196% |
| Amounts payable within one year42/48 | €135,436 | €73,040 | ▼ 46.1% |
| Trade debts44 | €11,867 | €17,886 | ▲ 50.7% |
| Line | 2019 | 2020 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | €20,801 | €76,899 | ▲ 270% |
| + Depreciation and write-downs630 | €41,983 | €95,537 | ▲ 128% |
| Operating cash flow (approximation) | €62,784 | €172,436 | ▲ 175% |
| Investment in fixed assets (approximation) | - | -€174,829 | - |
| Change in cash | - | -€11,259 | - |
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
2023
24-05
Bankruptcy
Opening
Tribunal de l’entreprise du Hainaut, division Charleroi · event 15-05-2023
2022
07-03
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 219 days late
2020
31-12
Financial
Liquidity triplescurrent ratio 1.32
Current ratio from 0.48 to 1.32; short-term debt falls from €135,436 to €73,040.
31-12
Financial
Equity above €100,000Eq €116,300 ▲195%
2 profitable years in a row build equity to €116,300.
27-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 88 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts
We know of 5 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
5 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, Charleroi · 1 establishment unit since 2019
Ground area
9,994 m²
Building footprint
3,265 m²
Volume, LiDAR
31,190 m³
Parcel 52034B1039/00Z004, Wallonia · tallest building 11.1 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
TEAM LOGISTICS
since 20192.286.425.897
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 52034B1039/00Z004 | Wallonia | 9,994 m² | 1 · 3,265 m² | 11.1 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.
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | PIERRE-EMMANUEL CORNIL RUE DE GOZEE, 137,
6110 MONTIGNY-LE-TILLEUL- .
Date provisoire de cessation de paiement : 15/05/2023 |
15-05-2023 → present |
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Of 12,583 companies in sector 49410 we hold annual accounts for 8,204. 6,373 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 (pre-2019)
Founded11-01-2019
Fiscal year end31-12
Activities, NACEBEL 2025
49410Freight transport by road
49420Removal services
E-invoicing
Not found in the Peppol register
No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.