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Team10

Active
Private limited companyfounded 20224 yrs activeRoeselarestraat(ONK) 205, 8840 Staden, BelgiumKBO/BCE: BE 0789.696.301
Summary

Team10 has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €9,083 and a net result of -€2,631. Equity is shrinking by ~9.6% per year across the filed fiscal years. Its solvency ranks better than 94% of 9336 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.0% (low).

Checked score

Score 2025
Axes · tick = 2024
Profitability0▼-39
Solvency100▲+61
Growth32▼-20
Track record94
Bankruptcy probability, 12 months
1.0% Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €500 at 30 days acceptable
Liquidity ample (current ratio 23.72 against 1.17 in 2024; short-term debt: 4.2% and cash: 99.8% of total assets), and 4.2% 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+raises risk○neutral
raises risk · 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
highest failure risk from 2 to 8 years 4 years 0 10 y
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Real estate activities (NACE 68)
about 43% fewer bankruptcies
← fewer bankruptcies more bankruptcies →
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 2025
Solvency, return and age of the figures
Solvency
95.8%
Return on assets
-27.7%
Age of the figures
9 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 09-07-2026, 22 days ahead of the deadline.
NBB · 3 filings
Deviation from the deadline
2025
22 d early
2024
35 d early
2023
40 d early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 3 accounts on average 32 days before the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 36% 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. Usually files around 26 June (3 of the last 3 filed years within 30 days of that day).
Companies Code · seven months
Position in the running window
28-09-2026 today31-12-2026 close31-07-2027 deadline
neutral · 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

History

Team10 was incorporated on 17 August 2022 as a Private limited company.1 Total assets fell from EUR 165,131 in 2023 to EUR 9,483 in 2025.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2023 and 2025

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Financials · fiscal year 2025, abbreviated schema

Equity
€9,083▼ 22.5%
2024 · €11,714
Total assets
€9,483▼ 88.4%
2024 · €81,997
Net result
-€2,631
2024 · €470
Working capital
€9,083▼ 22.5%
2024 · €11,714
Trend over the years

Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 68, Real estate 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
Line202320242025
Operating result€2,104-€1,066▼ 49.3%-€2,180
Net result€1,244within the sector's middle half-€470within the sector's middle half▼ 62.2%-€2,631within the sector's middle half
Equity€11,244below the sector's middle half-€11,714below the sector's middle half▲ 4.2%€9,083below the sector's middle half▼ 22.5%
Total assets€165,131below the sector's middle half-€81,997below the sector's middle half▼ 50.3%€9,483below the sector's middle half▼ 88.4%
Debt€153,888-€70,283▼ 54.3%€400▼ 99.4%
Working capital€11,244within the sector's middle half-€11,714within the sector's middle half▲ 4.2%€9,083within the sector's middle half▼ 22.5%
Solvency6.8%below the sector's middle half-14.3%within the sector's middle half▲ 7.5pp95.8%above the sector's middle half▲ 81.5pp
Current ratio1.07within the sector's middle half-1.17within the sector's middle half▲ 0.0923.72above the sector's middle half▲ 22.56
Return on assets (ROA)0.8%within the sector's middle half-0.6%within the sector's middle half▼ 0.2pp-27.7%below the sector's middle half▼ 28.3pp
above within below the middle half (P25 to P75) of NACE 68, Real estate activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
-€4,000-€2,000€0€2,000Operating result 2023: €2,104€2,104Net result 2023: €1,244€1,244Operating result 2024: €1,066€1,066Net result 2024: €470€470Operating result 2025: -€2,180-€2,180Net result 2025: -€2,631-€2,631202320242025-€4,000-€2,000€0€2,000Operating result 2023: €2,104€2,100Net result 2023: €1,244€1,240Operating result 2024: €1,066€1,070Net result 2024: €470€470Operating result 2025: -€2,180-€2,180Net result 2025: -€2,631-€2,630202320242025
The operating result turns negative in 2025: a loss of €2,180 after €1,066 in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Equity and liabilities €9,483
Equity €9,083 ▼ 22.5%
Debt €400 ▼ 99.4%
Debt's share of the balance-sheet total falls from 85.7% to 4.2%. Equity and debt are lower.
Key figures and ratios
2025 value · change against 2024
Debt to equity
0.04▼
2024 · 6.00
ROE
-29.0%▼
2024 · 4.0%
Debt ≤ 1 year
€400▼
2024 · €70,283
Income taxes
€0▼
2024 · €157
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 3,227 companies that looked in July 2024 the way this one looks now, 2.9% went bankrupt within 24 months and 87% are still going.

  • Micro
  • 2 to 5 years old
  • solvency 30% or more
  • a loss of 10% of the balance sheet or more
2.9% went bankrupt
8.6% stopped otherwise
87% still going

A further 1.1% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a bankruptcy probability of 1.0% over twelve months; the group does not contradict it.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.

The companies in ten equal groups, from lowest to highest expected share.
Group Expected Actual
1 0.2% 0.2%
2 0.3% 0.4%
3 0.5% 0.5%
4 0.6% 0.7%
5 0.8% 0.9%
6 1.2% 1.3%
7 1.5% 1.7%
8 1.7% 1.7%
9 2.7% 2.8%
10 5.3% 5.7%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.

An observation about 3,227 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.

Annual accounts
Filed annual accounts As filed with the NBB · 2025 against 2024 · 29 lines
Balance sheet Code20242025
Assets
Total assets20/58€81,997€9,483▼
Current assets29/58€81,997€9,483▼
Amounts receivable within one year40/41€113€14▼
Other amounts receivable41€113€14▼
Cash at bank and in hand54/58€81,884€9,468▼
Equity and liabilities
Total equity and liabilities10/49€81,997€9,483▼
Equity10/15€11,714€9,083▼
Contributions10/11€10,000€10,000=
Reserves13€1,714€1,714=
Distributable reserves133€1,714€1,714=
Profit (loss) carried forward14--€2,631
Amounts payable17/49€70,283€400▼
Amounts payable within one year42/48€70,283€400▼
Trade debts44€70,126€400▼
Suppliers440/4€70,126€400▼
Taxes, remuneration and social security45€157€0▼
Taxes450/3€157€0▼
Income statement Code20242025
Other operating charges640/8€126€528▲
Gross operating margin9900€1,192-€1,653▼
Operating profit (loss)9901€1,066-€2,180▼
Financial charges65/66B€439€451▲
Recurring financial charges65€439€451▲
Profit (loss) for the period before taxes9903€627-€2,631▼
Income taxes67/77€157€0▼
Profit (loss) for the period9904€470-€2,631▼
Profit (loss) for the period to be appropriated9905€470-€2,631▼
Appropriation of the result
Profit (loss) to be appropriated9906€470-€2,631▼
Transfer to equity691/2€470€0▼
To other reserves6921€470€0▼

The notes to these accounts (1 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line202320242025Change
Other operating charges640/8€115€126€528▲ 319%
Gross operating margin9900€2,219€1,192-€1,653▼ 239%
Operating profit (loss)9901€2,104€1,066-€2,180▼ 304%
Financial charges65/66B€445€439€451▲ 2.5%
Recurring financial charges65€445€439€451▲ 2.5%
Profit (loss) for the period before taxes9903€1,658€627-€2,631▼ 520%
Income taxes67/77€415€157€0▼ 100%
Profit (loss) for the period9904€1,244€470-€2,631▼ 660%
Profit (loss) for the period to be appropriated9905€1,244€470-€2,631▼ 660%
Line202320242025Change
Assets
Total assets20/58€165,131€81,997€9,483▼ 88.4%
Current assets29/58€165,131€81,997€9,483▼ 88.4%
Amounts receivable within one year40/41€4,315€113€14▼ 87.3%
Other amounts receivable41€4,315€113€14▼ 87.3%
Cash at bank and in hand54/58€160,816€81,884€9,468▼ 88.4%
Equity and liabilities
Total equity and liabilities10/49€165,131€81,997€9,483▼ 88.4%
Equity10/15€11,244€11,714€9,083▼ 22.5%
Contributions10/11€10,000€10,000€10,000=
Reserves13€1,244€1,714€1,714=
Distributable reserves133€1,244€1,714€1,714=
Profit (loss) carried forward14---€2,631-
Amounts payable17/49€153,888€70,283€400▼ 99.4%
Amounts payable within one year42/48€153,888€70,283€400▼ 99.4%
Trade debts44€153,473€70,126€400▼ 99.4%
Suppliers440/4€153,473€70,126€400▼ 99.4%
Taxes, remuneration and social security45€415€157€0▼ 100%
Taxes450/3€415€157€0▼ 100%
Line202320242025Change
Profit (loss) for the period9904€1,244€470-€2,631▼ 660%
Operating cash flow (approximation)€1,244€470-€2,631▼ 660%
Change in cash--€78,932-€72,416▲ 8.3%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

Next filing, fiscal year 2026, expected by 31-07-2027
2026
09-07
NBB filing Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial Weakest financial yearnet -€2,631
Net result drops to -€2,631, the lowest in the series.
31-12
Financial Liquidity times 20current ratio 23.72
Current ratio from 1.17 to 23.72; short-term debt falls from €70,283 to €400.
26-06
NBB filing Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
21-06
NBB filing Annual accounts filed
fiscal year 2023 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts

We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.

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Directors · office · real estate

Directors
1 act for this company is 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, Staden · 1 establishment unit since 2022
seat establishment The establishment unit on the map
Ground area
3,835 m²
Building footprint
895 m²
Volume, LiDAR
919 m³
Parcel 36014C0261/00V003, Flanders · tallest building 4.9 m. Linked by address, not a title deed.
1 establishment unit
Team10
Roeselarestraat(ONK) 205, 8840 StadenReal estate development
since 20222.335.120.392
1 parcel
Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
36014C0261/00V003 Flanders 3,835 m² 1 · 895 m² 4.9 m
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.

Structure & network

Owners and holdings

3 owners

Owners 3

Holdings 0

No holding stated in the accounts, acts or LEI register we read.

According to the annual accounts of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.

Connections & network

No current directors or connected companies found in the register.

Similar companies · same sector, comparable size

Of 1,294 companies in sector 68122 we hold annual accounts for 904. 267 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
Founded17-08-2022
Fiscal year end31-12
Activities, NACEBEL 2025
68122Development of non-residential building projects
68121Development of residential building projects
E-invoicing
Reachable via Peppol
Peppol ID 0208:0789696301
Also 9925:BE0789696301

If you follow this company, Checked tells you the day it leaves the Peppol register.

Register as of 28 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.