TEAMTEL
ActiveSummary
TEAMTEL has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €409,372 and a net result of €390,772. Equity is growing by ~82.2% per year across the filed fiscal years. Its solvency ranks better than 49% of 93 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.3% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability100=
Solvency59▼-2
Growth78=
Track record100
Bankruptcy probability, 12 months
1.3%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €30,000 at 30 days acceptable
Liquidity ample (current ratio 2.06 against 1.99 in 2024; short-term debt: 42.5% and cash: 46.2% of total assets), but 66.1% of the assets are financed with debt.
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Signals
Three signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 61
Relative position
BE, all sectors
reference
Telecommunications (NACE 61)
about 159% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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
33.9%
Return on assets
32.4%
Age of the figures
15 mo
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 20-10-2025, 103 days ahead of the deadline.
NBB · 8 filingsDeviation from the deadline
2025
103 d early
2024
37 d early
2023
51 d early
2022
8 d early
2021
42 d early
2020
20 d early
2019
17 d early
← 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 40 days before the deadline; the sector median for financial year 2024 is on the deadline day, and 47% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close27-09-2026 today31-01-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
Equity
€409,372▲ 27.1%
2024 · €322,128
Total assets
€1.2m▲ 33.5%
2024 · €903,518
Net result
€390,772▲ 28.7%
2024 · €303,528
Working capital
€541,715▲ 44.7%
2024 · €374,313
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€85,721▲ 48.5%€52,230▼ 39.1%€150,484▲ 188%€431,851▲ 187%€559,454▲ 29.5%
Net result€59,209▲ 25.6%€25,525▼ 56.9%€100,966▲ 296%€303,528▲ 201%€390,772▲ 28.7%
Equity€46,981▲ 24.4%€84,906▲ 80.7%€185,871▲ 119%€322,128▲ 73.3%€409,372▲ 27.1%
Total assets€434,508▲ 107%€508,853▲ 17.1%€525,615▲ 3.3%€903,518▲ 71.9%€1.2m▲ 33.5%
Debt€387,527▲ 125%€423,947▲ 9.4%€339,744▼ 19.9%€581,390▲ 71.1%€797,071▲ 37.1%
Working capital€185,632▲ 93.8%€309,507▲ 66.7%€286,561▼ 7.4%€374,313▲ 30.6%€541,715▲ 44.7%
Staff (FTE)2.7▲ 575%3.9▲ 44.4%4.8▲ 23.1%6.1▲ 27.1%6.8▲ 11.5%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed three years in a row; 2025 is 30% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.2m
Fixed assets
€151,950 ▲ 0.2%
Current assets
€1.1m ▲ 40.3%
Equity and liabilities €1.2m
Equity
€409,372 ▲ 27.1%
Debt
€797,071 ▲ 37.1%
Debt's share of the balance-sheet total rises from 64.3% to 66.1%. Equity and debt are higher.
Key figures and ratios
EBITDA
€602,142▲
2024 · €450,416
Cash flow
€433,460▲
2024 · €322,093
Current ratio
2.06▲
2024 · 1.99
Quick ratio
1.98▲
2024 · 1.89
Debt to equity
1.95▲
2024 · 1.80
ROE
95.5%▲
2024 · 94.2%
ROA
32.4%▼
2024 · 33.6%
Interest coverage
20.70▼
2024 · 30.61
Debt ≤ 1 year
€512,779▲
2024 · €377,538
Debt > 1 year
€203,477▲
2024 · €134,469
Income taxes
€139,609▲
2024 · €113,610
Staff costs
€535,270▲
2024 · €419,310
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 26,964 companies that looked in July 2024 the way this one looks now, 1.5% went bankrupt within 24 months and 95% are still going.
- Micro
- 5 to 10 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
1.5%
went bankrupt
3.4%
stopped otherwise
95%
still going
A further 0.3% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 1.3% 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 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| 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% | 1.6% |
| 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 74% 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 26,964 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
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | €393 | - | €6,639 | - |
| Remuneration, social security and pensions62 | - | €238,826 | €299,695 | €419,310 | €535,270 | ▲ 27.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €3,619 | €5,975 | €10,891 | €18,565 | €42,688 | ▲ 130% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | €684 | -€684 | ▼ 200% |
| Other operating charges640/8 | - | €1,945 | €1,765 | €3,017 | €378 | ▼ 87.5% |
| Gross operating margin9900 | €220,123 | €298,976 | €462,835 | €873,426 | €1.1m | ▲ 30.2% |
| Operating profit (loss)9901 | €85,721 | €52,230 | €150,484 | €431,851 | €559,454 | ▲ 29.5% |
| Financial income75/76B | - | €1,828 | - | - | €23 | - |
| Recurring financial income75 | €1,356 | €1,828 | - | - | €23 | - |
| Financial charges65/66B | - | €10,981 | €6,710 | €14,713 | €29,096 | ▲ 97.8% |
| Recurring financial charges65 | €7,667 | €10,981 | €6,710 | €14,713 | €29,096 | ▲ 97.8% |
| Profit (loss) for the period before taxes9903 | €79,409 | €43,077 | €143,773 | €417,138 | €530,381 | ▲ 27.1% |
| Income taxes67/77 | €20,201 | €17,552 | €42,807 | €113,610 | €139,609 | ▲ 22.9% |
| Profit (loss) for the period9904 | €59,209 | €25,525 | €100,966 | €303,528 | €390,772 | ▲ 28.7% |
| Profit (loss) for the period to be appropriated9905 | €59,209 | €25,525 | €100,966 | €303,528 | €390,772 | ▲ 28.7% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €434,508 | €508,853 | €525,615 | €903,518 | €1.2m | ▲ 33.5% |
| Fixed assets21/28 | €19,396 | €13,421 | €31,710 | €151,667 | €151,950 | ▲ 0.2% |
| Intangible fixed assets21 | €8,628 | €5,492 | €2,356 | €130,040 | €136,746 | ▲ 5.2% |
| Tangible fixed assets22/27 | €8,518 | €5,679 | €26,904 | €19,178 | €12,754 | ▼ 33.5% |
| Plant, machinery and equipment23 | - | - | €13,547 | €10,578 | €7,887 | ▼ 25.4% |
| Furniture and vehicles24 | - | €5,679 | €13,357 | €8,599 | €4,868 | ▼ 43.4% |
| Financial fixed assets28 | €2,250 | €2,250 | €2,450 | €2,450 | €2,450 | = |
| Current assets29/58 | €415,112 | €495,432 | €493,906 | €751,851 | €1.1m | ▲ 40.3% |
| Stocks and contracts in progress3 | €35,996 | €52,074 | €63,044 | €37,981 | €40,698 | ▲ 7.2% |
| Stocks30/36 | - | €52,074 | €63,044 | €37,981 | €40,698 | ▲ 7.2% |
| Amounts receivable within one year40/41 | €104,130 | €118,996 | €208,599 | €327,226 | €331,395 | ▲ 1.3% |
| Trade receivables40 | - | €116,534 | €206,221 | €305,192 | €324,018 | ▲ 6.2% |
| Other amounts receivable41 | - | €2,462 | €2,378 | €22,034 | €7,377 | ▼ 66.5% |
| Cash at bank and in hand54/58 | €274,056 | €284,188 | €180,166 | €326,337 | €556,777 | ▲ 70.6% |
| Deferred charges and accrued income490/1 | - | €40,175 | €42,097 | €60,307 | €125,624 | ▲ 108% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €434,508 | €508,853 | €525,615 | €903,518 | €1.2m | ▲ 33.5% |
| Equity10/15 | €46,981 | €84,906 | €185,871 | €322,128 | €409,372 | ▲ 27.1% |
| Contributions10/11 | - | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €40,781 | €66,306 | €167,271 | €303,528 | €390,772 | ▲ 28.7% |
| Distributable reserves133 | - | €66,306 | €167,271 | €303,528 | €390,772 | ▲ 28.7% |
| Profit (loss) carried forward14 | -€15,574 | - | - | - | - | - |
| Amounts payable17/49 | €387,527 | €423,947 | €339,744 | €581,390 | €797,071 | ▲ 37.1% |
| Amounts payable after more than one year17 | €105,126 | €90,198 | €24,397 | €134,469 | €203,477 | ▲ 51.3% |
| Financial debts170/4 | - | €90,198 | €24,397 | €134,469 | €203,477 | ▲ 51.3% |
| Amounts payable within one year42/48 | €229,480 | €185,925 | €207,345 | €377,538 | €512,779 | ▲ 35.8% |
| Current portion of amounts payable after more than one year42 | - | €64,922 | €22,642 | €147,683 | €124,513 | ▼ 15.7% |
| Trade debts44 | €89,619 | €87,977 | €116,579 | €152,656 | €225,637 | ▲ 47.8% |
| Suppliers440/4 | - | €87,977 | €116,579 | €152,656 | €225,637 | ▲ 47.8% |
| Advances received on contracts in progress46 | - | €822 | - | - | €34,721 | - |
| Taxes, remuneration and social security45 | - | €29,994 | €64,644 | €73,559 | €121,774 | ▲ 65.5% |
| Taxes450/3 | - | €5,750 | €34,488 | €15,432 | €42,186 | ▲ 173% |
| Remuneration and social security454/9 | - | €24,244 | €30,156 | €58,128 | €79,588 | ▲ 36.9% |
| Other amounts payable47/48 | - | €2,210 | €3,480 | €3,639 | €6,134 | ▲ 68.6% |
| Accrued charges and deferred income492/3 | - | €147,824 | €108,002 | €69,383 | €80,816 | ▲ 16.5% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €59,209 | €25,525 | €100,966 | €303,528 | €390,772 | ▲ 28.7% |
| + Depreciation and write-downs630 | €3,619 | €5,975 | €10,891 | €18,565 | €42,688 | ▲ 130% |
| Operating cash flow (approximation) | €62,828 | €31,500 | €111,856 | €322,093 | €433,460 | ▲ 34.6% |
| Investment in fixed assets (approximation) | - | €0 | -€29,180 | -€138,522 | -€42,971 | ▲ 69.0% |
| Change in cash | - | €10,131 | -€104,022 | €146,171 | €230,441 | ▲ 57.7% |
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
2025
20-10
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
30-06
Financial
Highest result since 2019net €390,772 ▲28.7%
Operating result €559,454, net result €390,772, both a record.
2024
25-12
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
30-06
Financial
Equity above €200,000Eq €322,128 ▲73.3%
6 profitable years in a row build equity to €322,128.
2023
11-12
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
30-06
Financial
Equity above €150,000Eq €185,871 ▲119%
5 profitable years in a row build equity to €185,871.
23-01
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2021
20-12
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
11-01
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
14-01
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
28-02
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 28 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, Zaventem · 1 establishment unit since 2019
Ground area
3,258 m²
Building footprint
806 m²
Volume, LiDAR
5,718 m³
Parcel 23772B0108/00C000, Flanders · tallest building 8.1 m, ±2 floors. Linked by address, not a title deed.
9
companies at this address
See who is registered here
1 establishment unit
Teamtel
since 20192.295.607.443
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23772B0108/00C000 | Flanders | 3,258 m² | 1 · 806 m² | 8.1 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.
Public money · subsidies and aid
Flemish government
2024 to 2025 · 2 entries · 1,026 EUR awarded · 1,026 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 778 EUR | 778 EUR |
| 2024 | 1 | 248 EUR | 248 EUR |
Recognitions · licences · registrations
Legal Entity Identifier
875500L4F17U4I2OYA54
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Of 1,372 companies in sector 61100 we hold annual accounts for 585. 354 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
Founded03-08-2017
Fiscal year end30-06
Activities, NACEBEL 2025
61100Wired, wireless and satellite telecommunications
61200Telecommunications resale and intermediation services
42220Construction of utility projects for electricity and telecommunications
Contact
Website
www.teamtel.be
E-mail
arnoud@teamtel.be
Phone
+3226691651
E-mail
cedric@teamtel.beZaventem
Phone
026691650Zaventem
E-invoicing
Reachable via Peppol
Peppol ID
0208:0679532411
Also
9925:BE0679532411
Registered
24-11-2023
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.