TEAMWORK PROJECTS
InactiveOverview
Overview
Official details
Source: KBO- Status
- Absorbed by TEAMWORK GROUP BV merger by absorption, June 2025
- Activity
- “Exploitatie van een studie-, organisatie- en raadgevend bureau inzake handels-, horeca-, sociale, financiële, legale…” (deed in Dutch)From the articles, 16 activitiesNo NACE code in the KBO yet
- Joint committee
- 302 Paritair Comité voor het hotelbedrijf · annual accounts 2022
- Financial year end
- 31 December
- Peppol
- Not found in the Peppol Directory
Board and ownership
Board
- Wecanwork BVDirector · since 10-12-2020
- Willskracht BVDirector · since 10-12-2020
Shareholders
- TEAMWORK GROUP BV100%· score 32act of 06-01-2026
Financial position
No score
Annual accounts 2024
- Gross margin
- €332,666
- ▲ 14×
- Turnover
- ≈ €790,000
- estimated
- Profit
- €67,987
- Equity
- €55,620
- Total assets
- €486,946
- ▼ 25.3%
Financials
Financials · financial year 2024, abbreviated format
2024 annual accounts filed 29 days after the deadline Filed on 29 August 2025, deadline 31 July 2025 (7 months after the close on 31 December 2024, Companies Code art. 3:10). Source: NBB, 2025-00436473.
Annual accounts 2024 filed on 29-08-2025 PDF all 4 filings
Turnover
≈ €790,000
Estimated: probably between €470,000 and €1.3m
Total assets
€486,946▼ 25.3%
2023 · €652,014
Net result
€67,987
2023 · -€13,227
Working capital
€34,299
2023 · -€30,341
Trend over the years
2021 to 2024, 4 financial years
The operating result for 2024 is a profit of €74,466, after a loss of €8,995 in 2023. It is the highest result since 2021.
Operating result€74,466
2024
Net result€67,987
2024
Total assets€486,946
2024
Equity€55,620
2024
Debt€431,326
2024
Working capital€34,299
2024
Staff (FTE)2.4
2022
Turnover is what the company sold, the result is what was left of it. A loss stands below the zero line.
Assets, equity and debt per financial year.
Above zero, the company can pay its short-term debts with what it holds in the short term.
Average staff per financial year, in full-time equivalents (FTE).
Use the arrow keys on the chart for the figures per year.
Every figure with its change against the financial year before
favourable
unfavourable
Line2021202220232024
Operating result€11,248--€6,524-€8,995▼ 37.9%€74,466
Net result€3,414--€8,755-€13,227▼ 51.1%€67,987
Equity€9,614-€859▼ 91.1%-€12,367€55,620
Total assets€269,970-€159,005▼ 41.1%€652,014▲ 310%€486,946▼ 25.3%
Debt€260,356-€158,146▼ 39.3%€664,382▲ 320%€431,326▼ 35.1%
Working capital€9,614--€3,411-€30,341▼ 790%€34,299
Staff (FTE)0.7-2.4▲ 243%
Turnover and EBIT margin are not published. The abbreviated format does not require them. The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €486,946
Fixed assets
€21,321 ▲ 18.4%
Current assets
€465,625 ▼ 26.6%
Equity and liabilities €486,946
Equity
€55,620
Debt
€431,326
Debt's share of the balance-sheet total is 88.6%.
Key figures and ratios
EBITDA
€81,321▲
2023 · -€3,774
Cash flow
€74,843▲
2023 · -€8,006
Current ratio
1.08▲
2023 · 0.95
Debt to equity
7.75
ROE
122.2%
ROA
14.0%▲
2023 · -2.0%
Interest coverage
12.55▲
2023 · -1.59
Debt ≤ 1 year
€431,326▼
2023 · €664,342
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Staff
| Item | 31-12-2021 | 31-12-2022 |
|---|---|---|
| Employees at the balance-sheet date | 1 | 4 |
| full-time | 1 | 3 |
| part-time | - | 1 |
| in full-time equivalents | 1 | 3.6 |
| Average over the year, in full-time equivalents | 0.7 | 2.4 |
| On a permanent contract | 1 | 3 |
| Joined | 14 | 11 |
| Left | 13 | 8 |
Source: social balance sheet in the 2021 to 2022 annual accounts
Investments
| Item | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|
| Tangible fixed assets | - | €5,776 | €17,014 | €9,564 |
| Financial fixed assets | - | - | €1,950 | €600 |
| Depreciation and write-downs of the year | - | €1,506 | €5,221 | €6,856 |
Source: notes to the 2021 to 2024 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €249,569 | - |
| Remuneration, social security and pensions62 | €37,255 | €118,080 | €2,202 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | €1,506 | €5,221 | €6,856 | ▲ 31.3% |
| Other operating charges640/8 | €851 | €545 | €18,659 | €251,345 | ▲ 13× |
| Non-recurring operating charges66A | - | - | €6,867 | - | - |
| Gross operating margin9900 | €49,354 | €113,607 | €23,954 | €332,666 | ▲ 14× |
| Operating profit (loss)9901 | €11,248 | -€6,524 | -€8,995 | €74,466 | - |
| Financial income75/76B | €73 | €100 | €121 | €3 | ▼ 97.3% |
| Recurring financial income75 | €73 | €100 | €121 | €3 | ▼ 97.3% |
| Financial charges65/66B | €6,307 | €2,331 | €2,376 | €6,482 | ▲ 173% |
| Recurring financial charges65 | €6,307 | €2,331 | €2,376 | €6,482 | ▲ 173% |
| Profit (loss) for the period before taxes9903 | €5,014 | -€8,755 | -€11,250 | €67,987 | - |
| Income taxes67/77 | €1,600 | - | €1,976 | - | - |
| Profit (loss) for the period9904 | €3,414 | -€8,755 | -€13,227 | €67,987 | - |
| Transfer to tax-exempt reserves689 | - | - | - | €248,431 | - |
| Profit (loss) for the period to be appropriated9905 | €3,414 | -€8,755 | -€13,227 | -€180,444 | ▼ 1,264% |
| Line | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €269,970 | €159,005 | €652,014 | €486,946 | ▼ 25.3% |
| Fixed assets21/28 | - | €4,270 | €18,013 | €21,321 | ▲ 18.4% |
| Tangible fixed assets22/27 | - | €4,270 | €16,063 | €18,771 | ▲ 16.9% |
| Plant, machinery and equipment23 | - | €4,270 | €16,063 | €17,424 | ▲ 8.5% |
| Other tangible fixed assets26 | - | - | - | €1,347 | - |
| Financial fixed assets28 | - | - | €1,950 | €2,550 | ▲ 30.8% |
| Current assets29/58 | €269,970 | €154,735 | €634,001 | €465,625 | ▼ 26.6% |
| Amounts receivable within one year40/41 | €194,980 | €150,530 | €630,259 | €465,169 | ▼ 26.2% |
| Trade receivables40 | €92,370 | €83,731 | €53,274 | €163,214 | ▲ 206% |
| Other amounts receivable41 | €102,610 | €66,799 | €576,985 | €301,955 | ▼ 47.7% |
| Cash at bank and in hand54/58 | €74,990 | €4,205 | €3,743 | €456 | ▼ 87.8% |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €269,970 | €159,005 | €652,014 | €486,946 | ▼ 25.3% |
| Equity10/15 | €9,614 | €859 | -€12,367 | €55,620 | - |
| Contributions10/11 | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Reserves13 | - | - | - | €248,431 | - |
| Tax-exempt reserves132 | - | - | - | €248,431 | - |
| Profit (loss) carried forward14 | €3,414 | -€5,341 | -€18,567 | -€199,011 | ▼ 972% |
| Amounts payable17/49 | €260,356 | €158,146 | €664,382 | €431,326 | ▼ 35.1% |
| Amounts payable within one year42/48 | €260,356 | €158,146 | €664,342 | €431,326 | ▼ 35.1% |
| Trade debts44 | €225,143 | €147,297 | €545,851 | €33,969 | ▼ 93.8% |
| Suppliers440/4 | €225,143 | €147,297 | €545,851 | €33,969 | ▼ 93.8% |
| Taxes, remuneration and social security45 | €34,391 | €10,849 | €118,420 | - | - |
| Taxes450/3 | €26,667 | €1,600 | €118,420 | - | - |
| Remuneration and social security454/9 | €7,724 | €9,249 | - | - | - |
| Other amounts payable47/48 | €822 | - | €71 | €397,357 | ▲ 5,559× |
| Accrued charges and deferred income492/3 | - | - | €40 | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €3,414 | -€8,755 | -€13,227 | €67,987 | - |
| + Depreciation and write-downs630 | - | €1,506 | €5,221 | €6,856 | ▲ 31.3% |
| Operating cash flow (approximation) | €3,414 | -€7,249 | -€8,006 | €74,843 | - |
| Investment in fixed assets (approximation) | - | - | -€18,964 | -€10,164 | ▲ 46.4% |
| Change in cash | - | -€70,785 | -€462 | -€3,286 | ▼ 611% |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Filings with the National Bank (4)
Board & ownership
Directors
Directors
2 directors
Wecanwork BV
Current
Director · since 10-12-2020 · Legal entity · listed in the 2024 annual accounts, filed on 29-08-2025
Willskracht BV
Current
Director · since 10-12-2020 · Legal entity · listed in the 2024 annual accounts, filed on 29-08-2025
Owners and capital
Shareholders
1 ownerChain of control
- TEAMWORK GROUP BV
- TEAMWORK PROJECTS
Owners 1
- TEAMWORK GROUP BVparentEquity €45,307 Profit of €124,800 in 2025 (profit of €448 in 2024) Checked score 32100%
Capital transactions
Shareholders according to the deeds
Stated in the act
act of 06-01-2026 ↗
- TEAMWORK GROUP BV (BE 0755.508.749) all shares
Stated in the act
act of 08-08-2025 ↗
- TEAMWORK GROUP BV (BE 0755.508.749) all shares
Capital over time
- 08-08-2025 Capital stated in the deed · €6,200 · 100 shares
Mandate history
2 people, 2 in office
- Board
| Name | Functions and periods |
|---|---|
| Wecanwork BV |
|
| Willskracht BV |
|
Network & group
Acquisitions and mergers
1 transactionTaken over by:TEAMWORK GROUP BV
Connections & network
2 current directorsThe network starts from the directors of TEAMWORK PROJECTS. Every other company they run is a node.
This company
Company
Director
Shareholding
+N: links not shown yet
Click a node to look further, drag to arrange, zoom with the mouse wheel.
Timeline
Acts, filings and financial milestones
2026
06-01
Gazette deed
Merger: absorbed by TEAMWORK GROUP BVDissolution of the company · Permanent representatives: ALBRECHT William Pierre Arielle and MOENS Tatiana Rita Brigitte · Shareholding14 points ▸
Gazette deed
Merger: absorbed by TEAMWORK GROUP BV
Dissolution of the company · Permanent representatives: ALBRECHT William Pierre Arielle and MOENS Tatiana Rita Brigitte · Shareholding14 points ▸
- General meeting, 08-12-2025, mentioned 2 times in the deed
- Merger, “geruisloze fusie”, 09-12-2020 (deed in Dutch)
- TEAMWORK GROUP BV holds all the shares
- Declaration, “no share exchange, artikel 12:34 WVV” (deed in Dutch)
- Declaration, “no special benefits to board members, artikel 12:50, 4° WVV” (deed in Dutch)
- Dissolution, 08-12-2025
- Asset distribution, “gehele vermogen” (deed in Dutch)
- Director discharge, WILLSKRACHT (director)
- Director discharge, WECANWORK (director)
- Permanent representative, ALBRECHT William Pierre Arielle
- Permanent representative, MOENS Tatiana Rita Brigitte
- Power of attorney
- The act holds 2 more points.
2025
29-08
abbreviated format · 29 days late
08-08
Gazette deed
Merger proposal: to be absorbed by TEAMWORK GROUP BVCapital · Shareholding · Director in office21 points ▸
Gazette deed
Merger proposal: to be absorbed by TEAMWORK GROUP BV
Capital · Shareholding · Director in office21 points ▸
- Merger, 30-06-2025
- Other provision, “zakelijke overwegingen en motivering, TEAMWORK PROJECTS BV oorspronkelijk opgericht voor projectgebonden prestaties, algemene kosten gedragen door TEAMWORK GROU…” (deed in Dutch)
- Other provision, 2, “deelnemende vennootschappen” (deed in Dutch)
- Capital, €12,400
- Tatiana Moens holds 50 shares (50%)
- William Albrecht holds 50 shares (50%)
- Other provision, “register and duration, onbepaalde duur” (deed in Dutch)
- Director in office, Wecanwork (director), mentioned 2 times in the deed
- Director in office, Willskracht (director), mentioned 2 times in the deed
- Other provision, “overnemende vennootschap, designation in merger proposal” (deed in Dutch)
- Capital, €6,200
- TEAMWORK GROUP BV holds all the shares
- The act holds 9 more points.
18-04
Gazette deed
Registered office moved to EvergemPermanent representative: Tatiana Moens2 points ▸
Gazette deed
Registered office moved to Evergem
Permanent representative: Tatiana Moens2 points ▸
- Registered-office move, Beekstraat 38 - 9940 Evergem
- Permanent representative, Tatiana Moens
2024
31-12
Financial
Back to profitnet €67,987
The net result is €67,987, after 2 loss-making years.
07-10
abbreviated format · 68 days late
2023
31-12
Financial
Weakest financial yearnet -€13,227
The net result drops to -€13,227, the lowest from 2021 to 2024.
13-08
abbreviated format · 13 days late
2022
29-07
abbreviated format · 2 days before the deadline
2020
14-12
4 publications in the Belgian Official Gazette, the last on 06-01-2026
Financial milestoneGazette deedNBB filingFinancial milestones sit on the financial year-end date, not the filing date.
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Inactive
Absorbed by TEAMWORK GROUP BV in June 2025
TEAMWORK PROJECTS is no longer in the KBO register. TEAMWORK GROUP BV took it over in a merger by absorption, published in the Belgian Official Gazette on 6 January 2026.
- Status
- Inactive
- Reason
- Merger by absorption"silent merger", Belgian Official Gazette, 6 January 2026 · act
- Absorbed by
- TEAMWORK GROUP BV · 0755.508.749
- Last annual accounts
- financial year to 31 December 2024
- Last registered office
- Beekstraat 38, 9940 Evergemas published on 6 January 2026
- Legal form
- Private limited company
- First annual accounts
- financial year 2021
Purpose according to the articles of association
- PurposeThe purpose describes the activities the company may carry out under its articles.
- “Exploitatie van een studie-, organisatie- en raadgevend bureau inzake handels-, horeca-, sociale, financiële, legale, marketing en…”
16 activities
- Exploitatie van een studie-, organisatie- en raadgevend bureau inzake handels-, horeca-, sociale, financiële, legale, marketing en hospitality aangelegenheden
- Het uitbaten van horecazaken, het creëren van horecaconcepten alsmede alle hiermee verwante dienstverleningen
- Het voeren van publiciteit en reclame en het deelnemen en medewerken hieraan in de meest uitgebreide zin van het woord
- Het creëren en organiseren van (horeca)evenementen, vertoningen en culturele manifestaties; het verspreiden ervan aan de hand van alle mogelijke communicatiemiddelen en gegevensdragers; het produceren, uitgeven en verhandelen van alle geluidsopnamen, films, boeken enzovoort
- De bemiddeling inzake het voorgaande op commissiebasis
- Consulting, interim-management
- Het verzorgen van catering, recepties
- Het uitbaten van restaurant, snack, tea-room
- De groot- en kleinhandel in wijnen, alcoholische dranken, algemene voedingswaren
- Het deelnemen in het management en/of het bestuur waarnemen van om het even welke ondernemingen in vennootschappen, het optreden als vereffenaar
- Opdrachten aan te nemen, uit te voeren, te beheren, te begeleiden en/of te coördineren op het gebied van management, management development, administratie, vernieuwing en verbetering van bedrijfsprocessen en bedrijfsorganisatie, strategisch beheer, personeelszaken, financieel beheer en controle, juridisch advies, verkoop- en aankoop, en dit alles in de meest ruime zin
- De vennootschap mag voor eigen rekening en/of voor rekening van derden alle commerciële, industriële, roerende en onroerende handelingen verrichten die rechtstreeks of onrechtstreeks geheel of gedeeltelijk verband houden met haar maatschappelijk doel, en die van aard zouden zijn de verwezenlijking ervan te vergemakkelijken of uit te breiden. Zij mag tevens de activiteit van het verwerven, in portefeuille houden en verkopen van participaties in gelijk welke vennootschap of onderneming uitoefenen
- Onder eender welke vorm, participaties te verwerven en aan te houden, onder meer door deel te nemen aan het bestuur van de ondernemingen waarin zij rechtstreeks of onrechtstreeks participeert
- De aankoop, verhuur, onderhoud en verkoop van alle roerende goederen - desgevallend ten behoeve van eigen handelsverrichtingen of voor handelsverrichtingen van derden zoals alle soorten materieel, gereedschappen, machines, installaties en computers, soft- en hardware
- Het aanvragen, verwerven, verhandelen en exploiteren van licenties, octrooien, merken en dergelijke
- Het doen van aannemingswerken in de meest ruime zin van het woord: o.a. inhoudende de aanleg van waterdistributienetten en rioleringen, het monteren van niet zelf vervaardigde metalen constructiewerken, het uitvoeren van voegwerken, montage van buiten -en binnen schrijnwerk, installatie van al dan niet verplaatsbare tussenwanden, de bekleding van plafonds e.d., de installatie van (brandwerende) deuren, het uitvoeren van insolatiewerkzaamheden, installatie van poorten, luiken, zonneblinden, overige werkzaamheden in verband met de afwerking en inrichting van gebouwen, onderhouds- en herstellingswerken van mechanische aard voor rekening van derden, het uitvoeren of laten uitvoeren van schilderwerken, overige werkzaamheden in verband met de afwerking van de (inrichting) van gebouwen
Articles of association, deed of 08-08-2025 (in Dutch)