TECHNICAL TEAM

Active

Private limited companyfounded 20224 yrs activeHoge Weg 125, 2940 Stabroek, BelgiumKBO/BCE: BE 0789.635.428

The computed 12-month bankruptcy probability of TECHNICAL TEAM is 2.8% (moderate). The 2024 annual accounts show equity of €34k and a net result of €-23k. Its solvency ranks better than 14% of 1630 sector peers (fiscal year 2024). The company has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals.

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Checked score

Score 2024

25 / 100

Weak▼ -33 vs 2023

The score combines four axes. Every signal that weighs is under Signals.

Axes · tick = 2023

Profitability0▼-100

Solvency10▼-28

Growth32

Stability94

Bankruptcy probability, 12 months

2.8% Moderate

0%0.5%1.5%4%10%≥ 25%

Credit up to €1k at 30 days only on tighter terms

Liquidity short (current ratio 0.69 against 0.86 in 2023), and 91.2% of the assets are financed with debt.

How do we compute the score and the probability?

Credit advice for your own amount and term

Signals

Six signals. The signal on the left, the evidence on the right.

+raises risk○neutral

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

Higher-failure-rate sector

In this sector companies fail more often than the Belgian average.

Gazette · bankruptcies per sector, NACE 25

Relative position

BE, all sectors

reference

Sector 25

higher

← fewer bankruptcies more bankruptcies →

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 2024

Solvency, return and age of the figures

Solvency

8.8%

Return on assets

-6%

Age of the figures

20 mo

Weak solvency vs sector

Solvency (equity / total assets) is in the sector's weakest quartile: better than 14% of 1630 sector peers (2024).

NBB · sector comparison

Position among 1630 sector peers

Solvency

better than 14%

← weakest strongest →

Filed more than 90 days late

The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 04-11-2025, 96 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.

NBB · 2 filings

Deviation from the deadline

2025

not confirmed

2024

96 d late

2023

197 d late

← before the deadline after the deadline →

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

Financials · fiscal year 2024, micro schema

Equity

€34k▼ 40.6%

2023 · €57k

2023: €57k

2023 → 2024

Total assets

€385k▲ 80.8%

2023 · €213k

2023: €213k

2023 → 2024

Net result

€-23k

2023 · €54k

2023: €54k

2023 → 2024

Working capital

€-72k▼ 287%

2023 · €-19k

2023: €-19k

2023 → 2024

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20232024Trend

Equity€57k-€34k▼ 40.6%

Operating result€74k-€-13k

Net result€54k-€-23k

Turnover and EBIT margin not published: the micro schema does not require them.

Result per fiscal year

Operating resultNet result

The operating result turns negative in 2024: a loss of €13k after €74k in 2023.

Balance-sheet composition

2024 in colour, 2023 as the grey bar beneath

Assets €385k

58.9%

41.1%

Fixed assets €227k▲ 130%

Current assets €158k▲ 38.3%

Equity and liabilities €385k

91.2%

Equity €34k▼ 40.6%

Debt €351k▲ 125%

The debt ratio rises from 73.2% to 91.2%: debt grows while equity shrinks.

Key figures and ratios

2024 value · change against 2023

EBITDA

€43k▼

2023 · €91k

Cash flow

€33k▼

2023 · €71k

Solvency

8.8%▼

2023 · 26.8%

Current ratio

0.69▼

2023 · 0.86

Quick ratio

0.68▼

2023 · 0.85

Debt / equity

10.36▲

2023 · 2.73

ROE

-68.5%▼

2023 · 94.4%

ROA

-6.0%▼

2023 · 25.3%

Interest coverage

4.32▼

2023 · 30.59

Debt

€351k▲

2023 · €156k

Debt ≤ 1 year

€230k▲

2023 · €133k

Debt > 1 year

€121k▲

2023 · €23k

Staff costs

€130k▲

2023 · €98k

Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.

Filed annual accounts

As filed with the NBB · 2024 against 2023

Balance sheet Code20232024

Assets

Total assets20/58€213k€385k▲

Fixed assets21/28€98k€227k▲

Tangible fixed assets22/27€98k€226k▲

Plant, machinery and equipment23€62k€69k▲

Furniture and vehicles24€35k€155k▲

Other tangible fixed assets26€2k€2k=

Financial fixed assets28-€400

Current assets29/58€114k€158k▲

Stocks and contracts in progress3€2k€2k▲

Stocks30/36€2k€2k▲

Amounts receivable within one year40/41€94k€148k▲

Trade receivables40€85k€137k▲

Other amounts receivable41€10k€11k▲

Cash at bank and in hand54/58€18k€8k▼

Deferred charges and accrued income490/1€59-

Equity and liabilities

Total equity and liabilities10/49€213k€385k▲

Equity10/15€57k€34k▼

Contributions10/11€4k€4k=

Reserves13€53k€53k=

Distributable reserves133€53k€53k=

Profit (loss) carried forward14-€-23k

Amounts payable17/49€156k€351k▲

Amounts payable after more than one year17€23k€121k▲

Financial debts170/4€23k€121k▲

Amounts payable within one year42/48€133k€230k▲

Current portion of amounts payable after more than one year42€14k€40k▲

Trade debts44€70k€122k▲

Suppliers440/4€70k€122k▲

Taxes, remuneration and social security45€46k€67k▲

Taxes450/3€30k€38k▲

Remuneration and social security454/9€16k€29k▲

Other amounts payable47/48€2k€2k▼

Accrued charges and deferred income492/3-€70

Income statement Code20232024

Remuneration, social security and pensions62€98k€130k▲

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€17k€56k▲

Other operating charges640/8€2k€5k▲

Gross operating margin9900€191k€178k▼

Operating profit (loss)9901€74k€-13k▼

Financial income75/76B€61€0▼

Recurring financial income75€61€0▼

Financial charges65/66B€3k€10k▲

Recurring financial charges65€3k€10k▲

Profit (loss) for the period before taxes9903€71k€-23k▼

Income taxes67/77€17k-

Profit (loss) for the period9904€54k€-23k▼

Profit (loss) for the period to be appropriated9905€54k€-23k▼

Appropriation of the result

Profit (loss) to be appropriated9906€54k€-23k▼

Transfer to equity691/2€53k-

To other reserves6921€53k-

Profit to be distributed694/7€833-

Return on contributions (dividend)694€833-

The notes to these accounts (9 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

All 2Filings 2

2025

04-11

NBB filing Annual accounts filed

fiscal year 2024 · micro schema · 96 days late

13-02

NBB filing Annual accounts filed

fiscal year 2023 · micro schema · 197 days late

NBB filing

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, Stabroek · 1 establishment unit since 2022

establishment The establishment unit on the map

Cannot be placed on the map

This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.

Hoge Weg 1252940 Stabroek

Ground area

260 m²

Building footprint

247 m²

Volume, LiDAR

965 m³

Parcel 11020I0478/00V000, Flanders · tallest building 8.2 m, ±1 floor. Linked by address, not a title deed.

1 establishment unit

TECHNICAL TEAM

Hoge Weg 125, 2940 StabroekManufacture of fabricated metal products, except machinery and equipment

since 20222.334.977.070

1 parcel

Flanders 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
11020I0478/00V000	Flanders	260 m²	1 · 247 m²	8.2 m · 1 fl.

Linked by address, not proof of ownership

Methodology

via registered seat: 1

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

2023 to 2025 · 4 entries · 1,536 EUR awarded · 1,417 EUR paid

Year	Entries	awarded	paid
2025	2	1,119 EUR	1,059 EUR
2024	1	59 EUR	0 EUR
2023	1	358 EUR	358 EUR

Schemes

Premie kwalificerend werkplekleren

1 entry · 1,000 EUR · 1,000 EUR paid · Departement Werk, Economie, Wetenschap, Innovatie en Sociale Economie

Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)

3 entries · 536 EUR · 417 EUR paid · Fonds voor Innoveren en Ondernemen

Recognitions · licences · registrations

Dual-learning approval

2 live approvals

Hoeknaadlasser duaal (so)

Goedgekeurd · 2026 to 2031

Lassen-constructie duaal (so)

Goedgekeurd · 2024 to 2029

Similar companies · same sector, comparable size

CST LASWERK

BE 0771.365.279

Oostende · Eq €34k

Alain Buyse Mécanique Industrielle

BE 0839.298.537

Lessines · Eq €34k

MOUTON METAALBEWERKING

Of 3,448 companies in sector 25530 we hold annual accounts for 1,645. 905 are within a factor 10 of this equity.See the whole sector

Company data · Crossroads Bank

Identification

Legal formPrivate limited company

Founded12-08-2022

Fiscal year end31-12

Activities, NACEBEL

25530Machining of metals

33120Repair and maintenance of machinery

43212Electrical installation work in industrial facilities

Sources

Crossroads Bank for EnterprisesNational Bank · 2 filingsAddress and cadastre registers

Data from official sources, last processed on 11-09-2026. Scores and ratios are computed by Checked and are not a credit decision.