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Generated 21-07-2026
Active BE 0759.524.846Private limited company

Team M+

Winkelstraat 37 ·3078 Kortenberg, Belgium· 5 yrs active
Sector: Specialised construction (43211)
Conclusion Checked

The computed 12-month bankruptcy probability of Team M+ is 3.3% (moderate). The 2024 annual accounts show equity of €3k and a net result of €-942. Equity is shrinking by ~20.6% per year across the filed fiscal years. Its solvency ranks better than 95% of 11059 sector peers (fiscal year 2024). The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals.

Based on the State Gazette, CBE and 4 annual accounts.
Key figures
Equity €3k
Net result €-942
Better than sector 95%
Active 5 yrs
Snowflake analysis 5 axes · computed by Checked
Health37Profitability0Solvency100Growth58Stability94
58 / 100

Mixed profile: strong on solvency, weaker on profitability.

Health 37
Profitability 0
Solvency 100
Growth 58
Stability 94
Bankruptcy probability (12 mo) Checked model v1 · free
3.3% Moderate
0%0,5%1,5%4%10%≥25%
Young company +Higher-failure-rate sector +Annual accounts: weaker financial profile +

Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?

Risk Assessment rule-based
0 / 100
Low risk
Trust signals 3 signals
More than 3 years active
Founded in 2020, past the statistically most fragile first 3 years.
No legal incidents
No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad.
Administratively compliant
No FOD Economie strikeouts (UBO, accounts, address, activity).
Administrative Flags 0 events
No administrative flags
Health barometer FY 2024 · computed
37 / 100 Weak
050100

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Computed by Checked from NBB filings and Belgian State Gazette signals. Indicative, not credit advice.
Financial overview4 NBB filings
Annual accounts filed on 16-07-2025 with the NBB · fiscal year 2024 · micro
€-4k€-3k€-2k€-1k€0Operating result 2021: €-3k€-3kNet result 2021: €-3k€-3kOperating result 2022: €-2k€-2kNet result 2022: €-2k€-2kOperating result 2023: €-517€-517Net result 2023: €-637€-637Operating result 2024: €-807€-807Net result 2024: €-942€-9422021202220232024
Operating resultNet result
Trajectory (indicative)
Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.
declining Equity: declining trend of ~20.6%/year over 4 fiscal years, indicative, assuming unchanged policy.
€0€2k€4k€6k2025: €3k (€2k - €3k)2026: €2k (€2k - €2k)2027: €2k (€1k - €2k)2021: €7k2022: €5k2023: €4k2024: €3k2021202220232024202520262027
Solid line = filed figures · dashed = extended trend · area = indicative range.
How do we compute this?

The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.

The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.

A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).

Sector comparison
Fiscal year 2024 · NACE 43, Specialised construction · compared within the same schema type (micro schema)
Metric This company Sector median Position in the sector
Solvency 100.0% 40.9%
better than 95% of 11059 sector peers
Net result €-942 €11k
better than 19% of 11041 sector peers
Equity €3k €34k
better than 13% of 11062 sector peers
Gross operating margin €-643 €35k
better than 8% of 11032 sector peers
Total assets €3k €93k
better than 5% of 11059 sector peers
Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.
Net profit
€-942
-47.9% far below sector median
Total assets
€3k
-21.3% -100% vs sector
Equity
€3k
-21.3% -99% vs sector
Working capital
€7k
- -98% vs sector
Debt
€100
- -100% vs sector
Debt ≤ 1y
€100
- -100% vs sector
Current ratio
70.93
- far above sector median
Quick ratio
70.93
- far above sector median
Solvency
100.0%
0.0% +80% vs sector
Debt / equity
0.01
- -97% vs sector
ROE
-27.1%
-88.0% far below sector median
ROA
-27.1%
-88.0% far below sector median
Figures by fiscal year
Fiscal year2024
Revenue-
EBITDA-
Net profit€-942
Cash flow-
Staff costs-
Income taxes-
Dividends-
Total assets€3k
Equity€3k
Debt-
of which ≤ 1y-
of which > 1y-
Working capital-
Employees (FTE)-
Ratios (computed)
2024
Current ratio-
Quick ratio-
Working capital ratio-
Solvency100.0%
Debt / equity-
Long-term debt ratio-
Interest coverage-
Gross margin-
Net margin-
ROA-27.1%
ROE-27.1%
EBITDA margin-
Days sales outstanding-
Days payable outstanding-
Inventory turnover-
Days inventory (DSI)-
Full annual accounts
Filed balance sheet and income statement, exactly as deposited with the NBB.
Line item Code2024
Balance sheet, Assets
TOTAL ASSETS 20/58€3k
Current assets 29/58€3k
Amounts receivable within one year 40/41€135
Cash & bank 54/58€3k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES 10/49€3k
Equity 10/15€3k
Contributions / capital 10/11€10k
Accumulated profits (losses) 14€-7k
Income statement
Gross operating margin 9900€-643
Operating result 9901€-807
Financial charges 65€135
Result before taxes 9903€-942
Net result for the period 9904€-942
Result to be appropriated 9905€-942
You're seeing the latest fiscal year only. Unlock 3 prior years (figures + ratios) with a paid plan. See plans →
Ratios computed by Checked.
Legal Structure
NACE primary Specialised construction(43211)
Legal form Private limited company(610)
Incorporation07-12-2020
StatusActive
Postal code3078
Establishment units 1 location
Winkelstraat 37, 3078 Kortenberg
Algemene elektrotechnische installatiewerken
since 20212.314.623.995
Physical sites registered in the Crossroads Bank for Enterprises (CBE).
Real-estate footprint Source: CBE × cadastre

Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.

Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
24026A0376/00G000 Flanders 868 m² 1 · 172 m² 9.2 m · 2 fl.
Methodology
via registered seat: 1
1 of 1 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Updates 5 events

A single timeline of everything that happened to this company, publications, insolvency and lifecycle events, administrative changes and filed annual accounts.

2025
16-07-2025
NBB filing Annual accounts filed
fiscal year 2024 · micro
15-04-2025
State Gazette act Director changes
Marie KESTELYN · correction
2024
31-07-2024
NBB filing Annual accounts filed
fiscal year 2023 · micro
2023
29-08-2023
NBB filing Annual accounts filed
fiscal year 2022 · micro
2022
23-08-2022
NBB filing Annual accounts filed
fiscal year 2021 · micro
Belgisch Staatsblad, acts 1 acts
All acts · 1 updated 1 year ago
2025
15-04-2025 1 director appointed, 2 resigning Director changes·Marie KESTELYNcorrection
  • MICHIELS, Joost Johan Marc, Bestuurder
  • MEERT Stefan Maria Maurits, Bestuurder
  • DE VOS Cindy Maria, Bestuurder
Notary: Marie KESTELYN · Tervuren
Technical details 
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        "name": "MEERT Stefan Maria Maurits",
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    {
      "kind": "correction",
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  "notary": {
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  },
  "act_meta": {
    "language": "nl",
    "pub_date": "2025-04-15",
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    "act_kind_objet": "Onderwerp akte:"
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  "decisions": [
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      "unanimous": true
    }
  ],
  "is_correction": true,
  "subject_company": {
    "kbo": "0759.524.846",
    "name_full": "BELGIUM GREEN POWER",
    "legal_form": "BV"
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  "co_filed_documents": [],
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}
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Based on official sources (NBB, CBE, State Gazette). Indicative, not credit advice.
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Company registry (CBE) Crossroads Bank
Activities
Elektrotechnische installatiewerken aan gebouwen43211Algemene elektrotechnische installatiewerken43211
Primary activity highlighted.
Names & trade names
Legal nameNL Team M+
Registered office
Winkelstraat 37
3078 Kortenberg, Belgium
Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.
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Source: Belgian State Gazette, CBE, NBB · generated via checked.be · indicative