TEAM PROJET

Active

Private limited companyfounded 20197 yrs activeWaterloose Steenweg 200, 1640 Sint-Genesius-Rode, BelgiumKBO/BCE: BE 0720.681.789

The computed 12-month bankruptcy probability of TEAM PROJET is 2.0% (moderate). The 2024 annual accounts show equity of €76k and a net result of €72k. Equity is growing by ~28.2% per year across the filed fiscal years. Its solvency ranks better than 17% of 1301 sector peers (fiscal year 2024). The company has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals.

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Checked score

Score 2024

76 / 100

Excellent▼ -2 vs 2023

The score combines four axes. Every signal that weighs is under Signals.

Axes · tick = 2023

Profitability100▲+48

Solvency17▼-4

Growth85=

Stability100

Bankruptcy probability, 12 months

2.0% Moderate

0%0.5%1.5%4%10%≥ 25%

Credit up to €6k at 30 days acceptable

Liquidity tight (current ratio 1.03 against 1.02 in 2023), and 92.2% of the assets are financed with debt.

How do we compute the score and the probability?

Credit advice for your own amount and term

Signals

Five signals. The signal on the left, the evidence on the right.

+raises risk○neutral

Limited track record

This company has not been active as long as an established one and statistically fails somewhat more often.

KBO · incorporation date

Age against the risk zone

Higher-failure-rate sector

In this sector companies fail more often than the Belgian average.

Gazette · bankruptcies per sector, NACE 41

Relative position

BE, all sectors

reference

Sector 41

higher

← fewer bankruptcies more bankruptcies →

Weak solvency vs sector

Solvency (equity / total assets) is in the sector's weakest quartile: better than 17% of 1301 sector peers (2024).

NBB · sector comparison

Position among 1301 sector peers

Solvency

better than 17%

← weakest strongest →

Filed more than 90 days late

The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 20-01-2026, 173 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 · 6 filings

Deviation from the deadline

2025

not confirmed

2024

173 d late

2023

91 d late

2022

92 d late

2021

83 d late

2020

26 d late

2019

60 d late

← before the deadline after the deadline →

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

Financials · fiscal year 2024, full schema

Turnover

€973k▲ 54.4%

2022 · €630k

2019: €249k 2020: €327k 2021: €559k 2022: €630k

2019 → 2023

EBIT margin

3.6%▲ 3.4pp

2022 · 0.1%

2019: 7.9% 2020: 0.7% 2021: 1.4% 2022: 0.1%

2019 → 2023

Net result

€72k▲ 298%

2023 · €18k

2019: €13k 2020: €303 2021: €1k 2022: €-4k 2023: €18k

2019 → 2024

Working capital

€29k▲ 1,007%

2023 · €3k

2019: €13k 2020: €-72k 2021: €-2k 2022: €-8k 2023: €3k

2019 → 2024

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20202021202220232024Trend

Turnover€327k-€559k▲ 71.0%€630k▲ 12.8%€973k▲ 54.4%

Equity€14k-€15k▲ 8.2%€11k▼ 27.0%€29k▲ 167%€76k▲ 162%

Operating result€2k-€8k▲ 248%€896▼ 88.9%€35k▲ 3,783%€108k▲ 210%

Net result€303-€1k▲ 268%€-4k€18k€72k▲ 298%

Result per fiscal year

Operating resultNet result

After the dip in 2022 the operating result has climbed two years in a row; 2024 is 210% above 2023 and is the highest year so far.

Balance-sheet composition

2024 in colour, 2023 as the grey bar beneath

Assets €969k

11%

88.5%

Fixed assets €111k▲ 15.9%

Current assets €858k▲ 663%

Equity and liabilities €969k

92.2%

Equity €76k▲ 162%

Debt €893k▲ 397%

The debt ratio rises from 86.2% to 92.2%: debt grows faster than equity.

Key figures and ratios

2024 value · change against 2023

EBITDA

€119k▲

2023 · €40k

Cash flow

€83k▲

2023 · €23k

Solvency

7.8%▼

2023 · 13.8%

Current ratio

1.03▲

2023 · 1.02

Quick ratio

1.03▲

2023 · 1.02

Debt / equity

11.83▲

2023 · 6.24

ROE

95.0%▲

2023 · 62.6%

ROA

7.4%▼

2023 · 8.6%

Interest coverage

14.73▲

2023 · 12.36

Debt

€893k▲

2023 · €180k

Debt ≤ 1 year

€829k▲

2023 · €110k

Debt > 1 year

€64k▼

2023 · €70k

Income taxes

€28k▲

2023 · €15k

Staff costs

€167k▲

2023 · €103k

Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.

Filed annual accounts

As filed with the NBB · 2024 against 2023

Balance sheet Code20232024

Assets

Total assets20/58€208k€969k▲

Fixed assets21/28€96k€111k▲

Tangible fixed assets22/27€94k€109k▲

Land and buildings22€88k€84k▼

Plant, machinery and equipment23€2k€18k▲

Furniture and vehicles24€5k€7k▲

Financial fixed assets28€2k€2k=

Current assets29/58€112k€858k▲

Amounts receivable within one year40/41€80k€774k▲

Trade receivables40€30k€684k▲

Other amounts receivable41€50k€90k▲

Cash at bank and in hand54/58€21k€83k▲

Deferred charges and accrued income490/1€12k-

Equity and liabilities

Total equity and liabilities10/49€208k€969k▲

Equity10/15€29k€76k▲

Contributions10/11€1€13k▲

Capital10-€13k

Issued capital100-€13k

Reserves13€13k-

Distributable reserves133€13k-

Profit (loss) carried forward14€15k€62k▲

Amounts payable17/49€180k€893k▲

Amounts payable after more than one year17€70k€64k▼

Financial debts170/4€70k€64k▼

Amounts payable within one year42/48€110k€829k▲

Current portion of amounts payable after more than one year42€5k€15k▲

Trade debts44€70k€724k▲

Suppliers440/4€70k€682k▲

Bills of exchange payable441-€42k

Taxes, remuneration and social security45€35k€62k▲

Taxes450/3€22k€50k▲

Remuneration and social security454/9€13k€11k▼

Other amounts payable47/48-€28k

Income statement Code20232024

Turnover70€973k-

Goods, raw materials, services and sundry goods60/61€820k-

Remuneration, social security and pensions62€103k€167k▲

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€5k€11k▲

Other operating charges640/8€9k€16k▲

Non-recurring operating charges66A€2k-

Gross operating margin9900€154k€302k▲

Operating profit (loss)9901€35k€108k▲

Financial income75/76B€1k€1▼

Recurring financial income75€1k€1▼

Financial charges65/66B€3k€8k▲

Recurring financial charges65€3k€8k▲

Profit (loss) for the period before taxes9903€33k€100k▲

Income taxes67/77€15k€28k▲

Profit (loss) for the period9904€18k€72k▲

Profit (loss) for the period to be appropriated9905€18k€72k▲

Appropriation of the result

Profit (loss) to be appropriated9906€15k€87k▲

Profit (loss) brought forward from the previous period14P€-3k€15k▲

Profit to be distributed694/7-€25k

Directors or managers695-€25k

The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

All 9Financial 3Filings 6

2026

20-01

NBB filing Annual accounts filed

fiscal year 2024 · full schema · 173 days late

2024

31-12

Financial Highest result since 2019net €72k ▲298%

Operating result €108k, net result €72k, both a record.

30-10

NBB filing Annual accounts filed

fiscal year 2023 · micro schema · 91 days late

2023

31-12

Financial Back to profitnet €18k

Net result €18k after one loss-making year.

31-10

NBB filing Annual accounts filed

fiscal year 2022 · micro schema · 92 days late

2022

31-12

Financial Weakest financial yearnet €-4k ▼458%

Net result drops to €-4k, the lowest in the series; recovery starts the following year.

22-10

NBB filing Annual accounts filed

fiscal year 2021 · micro schema · 83 days late

2021

26-08

NBB filing Annual accounts filed

fiscal year 2020 · micro schema · 26 days late

2020

29-09

NBB filing Annual accounts filed

fiscal year 2019 · micro schema · 60 days late

Financial 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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