TEAM1 Electronics
ActiveSummary
TEAM1 Electronics has been active since 2008 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €112,373 and a net result of €10,237. Equity is growing by ~5% per year across the filed fiscal years. Its solvency ranks better than 84% of 2020 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability78▼-1
Solvency100▲+1
Growth52=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €10,000 at 30 days acceptable
Liquidity ample (current ratio 3.06 against 2.07 in 2024; short-term debt: 21.5% and cash: 53.1% of total assets), and 21.5% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 71
Relative position
BE, all sectors
reference
Architectural and engineering activities; technical testing and analysis (NACE 71)
about 56% fewer 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
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
78.5%
Return on assets
7.1%
Age of the figures
9 mo
neutral · A punctual record breaks
This company filed 3 consecutive financial years on time. The year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 17-08-2026, 17 days late. Weigh it accordingly: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.
NBB · 10 filingsDeviation from the deadline
2025
17 d late
2024
38 d early
2023
14 d early
2022
38 d early
2021
18 d late
2020
1 d early
2019
22 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 5 days before the deadline; the sector median for financial year 2024 is 8 days before the deadline, and 33% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
26-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
Equity
€112,373▼ 6.5%
2024 · €120,136
Total assets
€143,232▼ 11.9%
2024 · €162,615
Net result
€10,237▼ 24.5%
2024 · €13,558
Working capital
€63,498▲ 39.4%
2024 · €45,561
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€22,940▼ 22.7%€19,316▼ 15.8%€48,582▲ 152%€19,687▼ 59.5%€15,094▼ 23.3%
Net result€18,814▲ 3.7%€13,033▼ 30.7%€32,459▲ 149%€13,558▼ 58.2%€10,237▼ 24.5%
Equity€105,586▲ 6.9%€104,619▼ 0.9%€122,078▲ 16.7%€120,136▼ 1.6%€112,373▼ 6.5%
Total assets€139,473▲ 10.3%€142,574▲ 2.2%€150,823▲ 5.8%€162,615▲ 7.8%€143,232▼ 11.9%
Debt€33,887▲ 22.2%€37,955▲ 12.0%€28,745▼ 24.3%€42,479▲ 47.8%€30,859▼ 27.4%
Working capital€53,284▲ 39.5%€56,033▲ 5.2%€88,492▲ 57.9%€45,561▼ 48.5%€63,498▲ 39.4%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2025 is 23% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €143,232
Fixed assets
€48,875 ▼ 34.5%
Current assets
€94,358 ▲ 7.2%
Equity and liabilities €143,232
Equity
€112,373 ▼ 6.5%
Debt
€30,859 ▼ 27.4%
Debt's share of the balance-sheet total falls from 26.1% to 21.5%. Equity and debt are lower.
Key figures and ratios
EBITDA
€41,382▼
2024 · €49,313
Cash flow
€36,525▼
2024 · €43,184
Current ratio
3.06▲
2024 · 2.07
Debt to equity
0.27▼
2024 · 0.35
ROE
9.1%▼
2024 · 11.3%
ROA
7.1%▼
2024 · 8.3%
Interest coverage
101.34▼
2024 · 131.83
Debt ≤ 1 year
€30,859▼
2024 · €42,479
Income taxes
€4,451▼
2024 · €5,755
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €16,950 | €16,267 | €17,128 | €29,626 | €26,288 | ▼ 11.3% |
| Other operating charges640/8 | €216 | €162 | €175 | €187 | €192 | ▲ 2.3% |
| Gross operating margin9900 | €40,106 | €35,746 | €65,885 | €49,500 | €41,573 | ▼ 16.0% |
| Operating profit (loss)9901 | €22,940 | €19,316 | €48,582 | €19,687 | €15,094 | ▼ 23.3% |
| Financial income75/76B | €3,935 | - | €4 | €0 | €2 | ▲ 328% |
| Recurring financial income75 | €79 | - | €4 | €0 | €2 | ▲ 328% |
| Non-recurring financial income76B | €3,856 | - | - | - | - | - |
| Financial charges65/66B | €203 | €258 | €477 | €374 | €408 | ▲ 9.2% |
| Recurring financial charges65 | €203 | €258 | €477 | €374 | €408 | ▲ 9.2% |
| Profit (loss) for the period before taxes9903 | €26,673 | €19,058 | €48,109 | €19,313 | €14,688 | ▼ 24.0% |
| Income taxes67/77 | €7,859 | €6,025 | €15,650 | €5,755 | €4,451 | ▼ 22.7% |
| Profit (loss) for the period9904 | €18,814 | €13,033 | €32,459 | €13,558 | €10,237 | ▼ 24.5% |
| Profit (loss) for the period to be appropriated9905 | €18,814 | €13,033 | €32,459 | €13,558 | €10,237 | ▼ 24.5% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €139,473 | €142,574 | €150,823 | €162,615 | €143,232 | ▼ 11.9% |
| Fixed assets21/28 | €52,303 | €48,586 | €33,586 | €74,575 | €48,875 | ▼ 34.5% |
| Tangible fixed assets22/27 | €52,303 | €48,586 | €33,586 | €74,575 | €48,875 | ▼ 34.5% |
| Land and buildings22 | €1,998 | €1,499 | €999 | €500 | - | - |
| Plant, machinery and equipment23 | €16,973 | €17,421 | €13,450 | €9,134 | €5,549 | ▼ 39.2% |
| Furniture and vehicles24 | €33,332 | €29,666 | €19,137 | €64,942 | €43,326 | ▼ 33.3% |
| Current assets29/58 | €87,171 | €93,988 | €117,237 | €88,040 | €94,358 | ▲ 7.2% |
| Amounts receivable within one year40/41 | €677 | €3,963 | €12,339 | €14,124 | €16,600 | ▲ 17.5% |
| Trade receivables40 | €677 | €2,688 | €12,339 | €12,524 | €14,031 | ▲ 12.0% |
| Other amounts receivable41 | - | €1,275 | - | €1,600 | €2,569 | ▲ 60.6% |
| Cash at bank and in hand54/58 | €86,494 | €90,025 | €104,897 | €72,234 | €76,076 | ▲ 5.3% |
| Deferred charges and accrued income490/1 | - | - | - | €1,682 | €1,682 | = |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €139,473 | €142,574 | €150,823 | €162,615 | €143,232 | ▼ 11.9% |
| Equity10/15 | €105,586 | €104,619 | €122,078 | €120,136 | €112,373 | ▼ 6.5% |
| Contributions10/11 | €20,000 | €20,000 | €20,000 | €20,000 | €20,000 | = |
| Outside capital11 | €20,000 | €20,000 | €20,000 | €20,000 | €20,000 | = |
| Other1109/19 | €20,000 | €20,000 | €20,000 | €20,000 | €20,000 | = |
| Reserves13 | €83,300 | €82,300 | €99,755 | €97,805 | €90,005 | ▼ 8.0% |
| Non-distributable reserves130/1 | €2,000 | €2,000 | €2,000 | €2,000 | €2,000 | = |
| Reserves not available under the articles1311 | €2,000 | €2,000 | €2,000 | €2,000 | €2,000 | = |
| Distributable reserves133 | €81,300 | €80,300 | €97,755 | €95,805 | €88,005 | ▼ 8.1% |
| Profit (loss) carried forward14 | €2,286 | €2,319 | €2,323 | €2,331 | €2,368 | ▲ 1.6% |
| Amounts payable17/49 | €33,887 | €37,955 | €28,745 | €42,479 | €30,859 | ▼ 27.4% |
| Amounts payable within one year42/48 | €33,887 | €37,955 | €28,745 | €42,479 | €30,859 | ▼ 27.4% |
| Trade debts44 | €2,321 | €1,685 | €1,124 | €3,619 | €2,429 | ▼ 32.9% |
| Suppliers440/4 | €2,321 | €1,685 | €1,124 | €3,619 | €2,429 | ▼ 32.9% |
| Taxes, remuneration and social security45 | €3,524 | €2,905 | €5,210 | €9,422 | €1,255 | ▼ 86.7% |
| Taxes450/3 | €3,524 | €2,905 | €5,210 | €9,422 | €1,255 | ▼ 86.7% |
| Other amounts payable47/48 | €28,042 | €33,365 | €22,411 | €29,437 | €27,175 | ▼ 7.7% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €18,814 | €13,033 | €32,459 | €13,558 | €10,237 | ▼ 24.5% |
| + Depreciation and write-downs630 | €16,950 | €16,267 | €17,128 | €29,626 | €26,288 | ▼ 11.3% |
| Operating cash flow (approximation) | €35,764 | €29,300 | €49,588 | €43,184 | €36,525 | ▼ 15.4% |
| Investment in fixed assets (approximation) | - | -€12,551 | -€2,128 | -€70,615 | -€587 | ▲ 99.2% |
| Change in cash | - | €3,531 | €14,872 | -€32,664 | €3,842 | ▲ 112% |
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
Next filing, fiscal year 2026, expected by
2026
17-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 17 days late
2025
31-12
Financial
Weakest financial yearnet €10,237 ▼24.5%
Net result drops to €10,237, the lowest in the series.
23-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
17-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Highest result since 2018net €32,459 ▲149%
Operating result €48,582, net result €32,459, both a record.
23-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
18-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 18 days late
2021
31-12
Financial
Equity above €100,000Eq €105,586 ▲6.9%
4 profitable years in a row build equity to €105,586.
30-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
22-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 22 days late
2019
19-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 19 days late
2018
13-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 13 days late
2017
16-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 16 days late
Financial 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, Mol · 1 establishment unit since 2008
Ground area
813 m²
Building footprint
117 m²
Volume, LiDAR
746 m³
Parcel 13433E1379/00B002, Flanders · tallest building 6.7 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
TEAM1 Electronics
since 20082.169.361.943
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 13433E1379/00B002 | Flanders | 813 m² | 1 · 117 m² | 6.7 m · 2 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 11,571 companies in sector 71121 we hold annual accounts for 6,563. 5,249 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
Founded26-02-2008
Fiscal year end31-12
Activities, NACEBEL 2025
71121Engineering and related technical consultancy, excluding land surveyors
28990Manufacture of machinery and equipment not elsewhere classified
Scores and ratios are computed by Checked and are not a credit decision.