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TEAMWORK ('S) PROJECTS

Active
Private limited companyfounded 2003active for 23 yearsOnze Lieve Vrouwstraat 15, 3540 Herk-de-Stad, BelgiumKBO/BCE: BE 0479.893.642
Summary

The computed 12-month bankruptcy probability of TEAMWORK ('S) PROJECTS is 10.3% (high). The 2024 annual accounts show equity of €1,485 and a net result of €14,455. Equity is shrinking by about 14% per year and would, assuming unchanged policy, indicatively turn negative around financial year 2025. Its solvency ranks better than 25% of 25,599 sector peers (NACE 47, financial year 2024). The company has been active since 2003 and the Belgian Official Gazette contains no insolvency or warning signals.

Overview

Activity
Other non-specialised retail sale
NACE 47120
1 site
Size
€51,309total assets 2024
Equity
€1,485
Profit
€14,455
Turnover not published (micro format)
Financial health
33 Weak Checked score 2024
Bankruptcy probabilitywithin 12 months
10.3%
Structure
Accounts 75 days overdue0 of 6 deeds read
Why 33raises risk2 changes of registered office in 24 monthsFigures for financial year 2024 (filed 30-09-2025)1 financial year not filed after the legal deadline; latest accounts 61 days late; 1 of the last 3 latelowers riskFounded in 2003Show the evidence

Checked score

Score 2024
33 / 100
Weak
Probability in this band: 4.2% to 15.0%
Financially better than 53% of its sector peers (NACE 47, micro)
Financial strength · tick = 2023
Weak
Solvency 28+28
equity 2.9% of total assets
Liquidity 2+2
short-term debt 97.1% · cash 1.5%
Profitability 100+100
return on assets 28.2%
Bankruptcy probability, 12 months
10.3% High
0%0.5%1.5%4%10%≥ 25%

About 1 in 10 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.6% (40,189 companies, NACE 47, micro)
Last 24 months 11-2024: 2.7%lowest value 12-2024: 6.6%▲ +3.9 percentage points vs 11-2024 01-2025: 6.6%● unchanged vs 12-2024 02-2025: 6.6%● unchanged vs 01-2025 03-2025: 6.6%● unchanged vs 02-2025 04-2025: 6.6%● unchanged vs 03-2025 05-2025: 6.4%▼ -0.2 percentage points vs 04-2025 06-2025: 6.4%● unchanged vs 05-2025 07-2025: 6.9%▲ +0.5 percentage points vs 06-2025 08-2025: 7.8%▲ +0.9 percentage points vs 07-2025 09-2025: 8.3%▲ +0.5 percentage points vs 08-2025 10-2025: 5.2%▼ -3.1 percentage points vs 09-2025 11-2025: 5.2%● unchanged vs 10-2025 12-2025: 5.2%● unchanged vs 11-2025 01-2026: 5.2%● unchanged vs 12-2025 02-2026: 5.2%● unchanged vs 01-2026 03-2026: 5.1%▼ -0.1 percentage points vs 02-2026 04-2026: 5.3%▲ +0.2 percentage points vs 03-2026 05-2026: 5.2%▼ -0.1 percentage points vs 04-2026 06-2026: 5.0%▼ -0.2 percentage points vs 05-2026 07-2026: 5.2%▲ +0.2 percentage points vs 06-2026 08-2026: 6.4%▲ +1.2 percentage points vs 07-2026 09-2026: 7.7%▲ +1.3 percentage points vs 08-2026 10-2026: 10.3%▲ +2.6 percentage points vs 09-2026highest value
No publishable credit limit; credit only on tighter terms
Liquidity tight (current ratio 1.01, below the usual 1.5; short-term debt: 97.1% and cash: 1.5% of total assets), and 97.1% of the assets are financed with debt and provisions.
How it is calculated

The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:

75-100 Excellent under 0.55%
60-74 Healthy 0.55% to 1.5%
45-59 Fair 1.5% to 4.2%
25-44 Weak 4.2% to 15.0%
0-24 Critical over 15.0%

Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 47, micro): better than 21% on solvency, 4% on liquidity, 96% on profitability and 93% on growth.

The bankruptcy probability was computed on 13-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.

Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).

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Signals

Seven signals.
lowers riskraises riskneutral
raises risk · 2 changes of registered office in 24 months
Belgian Official Gazette
raises risk · Figures for financial year 2024 (filed 30-09-2025)
NBB · annual accounts
lowers risk · Founded in 2003
Companies that have existed this long fail less often; how much that weighs depends on the rest of its profile.
KBO
raises risk · 1 financial year not filed after the legal deadline; latest accounts 61 days late; 1 of the last 3 late
NBB · filings
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 25% of 25599 sector peers (2024).
NBB · sector comparison
Position among 25599 sector peers
Solvency
better than 25%
← weakest strongest →
raises risk · Annual accounts not filed
The financial year that closed on 31-12-2025 was due at the National Bank by 31-07-2026. Nothing is on record, 75 days later.
NBB · 10 filings
Position against the passed deadline
31-12-2025 year end31-07-2026 deadline14-10-2026 today
neutral · A punctual record breaks
This company filed 4 consecutive financial years on time. The year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 30-09-2025, 61 days late. Weigh it accordingly: of the companies that move to filing 1 to 90 days late, 1.41% are now bankrupt, dissolved or in another special legal status, below the 1.66% of all filers. It is a change in behaviour, not evidence of elevated risk.
NBB · 10 filings
Deviation from the deadline
2025
not filed
2024
61 days late
2023
2 days early
2022
on the day
2021
25 days early
2020
on the day
2019
7 days late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 6 accounts on average 7 days after the deadline; the sector median (NACE 47) for financial year 2024 is on the deadline day, and 47% of those companies filed late.

Searched, nothing found (1)
neutral · No strike-offs in the KBO publications
Searched since 2021.
KBO publications · our coverage
  1. Annual accounts filedfinancial year 2024 · micro…
  2. Back to profitnet €14,455
  3. Liquidity more than quadruplescurrent ratio 1.01

Key points

  • Caution: Accounts not fileddeadline was 31-07-2026 75 days late View
  • Total assets 20246 financial years filed €51,309 View
  • Active since 2003founded 31-03-2003 23 years View

By topic

Financials

Financial year
2024
Total assets
€51,309
Profit
€14,455
Solvency
2.9%
Total assets▲ 1,703%
Net result
20182024
Go to Financials

Timeline

Events
25
Since
2004
  1. 29-07-2024Annual accounts filed
  2. 31-12-2023Weakest financial year
  3. 31-07-2023Annual accounts filed
Go to Timeline

Company details

Sites
1
Legal form
Private limited company
Activity
Other non-specialised retail saleNACE 47120
Founded
31-03-2003
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

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