Equity
€666,751 ▲ 71.6%
Equity rose in 2024 from €388,582 to €666,751.
The.Team: Cycling
Lifetime
7 annual accounts with figures on one time axispeak €813,708 (2022)
€696,826▼ 12.7%
peak €278,169 (2024)
€278,169▲ 3.1%
peak €738,887 (2022)
€666,751▲ 71.6%
€285,768▲ 301%
peak 4.9 FTE (2022)
3 FTE▼ 21.1%
Board3 names since 2021
2 directorsFahri Kerem Mussein Ecvet and 1 other
Documentsfilings and deeds
28-08-202528 days late
2024abbreviated format
Gross margin from €798,632 to €696,826Staff from 3.8 FTE to 3 FTEEquity from €388,582 to €666,751Debts from €71,226 to €285,768Cash from €264,787 to €737,540
Key points
from the 2024 annual accountsTurnover
≈ €1.7m estimated
The accounts state no turnover.
Debts
€285,768 ▲ 301%
Debts rose by €214,541 in 2024.
Liquidity
3.23 was 5.95 in 2023
Short-term debts rose from €71,226 to €285,768.
Filings
7 annual accounts 100 days past the deadline
2025 accounts not filed: deadline was 31-07-2026.
Position in the sector
€278,169
Higher net result than 93% of companies in food and beverage service. Sector median €25,146 · 2,932 companies.
Checked score
58
Fair
Financially stronger than 88% of micro companies in food and beverage service (NACE 56)
Probability in this band: 1.5% to 4.2%
A confirmed filing finding caps the score at 59.
Bankruptcy probability within 12 months
0.6% Low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 1.8% across 23,796 companies (NACE 56, micro).
About 6 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.5%
01-2025: 0.5%● unchanged vs 12-2024
02-2025: 0.5%● unchanged vs 01-2025
03-2025: 0.5%● unchanged vs 02-2025
04-2025: 0.4%▼ -0.1 percentage points vs 03-2025
05-2025: 0.5%▲ +0.1 percentage points vs 04-2025
06-2025: 0.5%● unchanged vs 05-2025
07-2025: 0.6%▲ +0.1 percentage points vs 06-2025
08-2025: 0.3%▼ -0.3 percentage points vs 07-2025
09-2025: 0.1%▼ -0.2 percentage points vs 08-2025
10-2025: 0.1%● unchanged vs 09-2025
11-2025: 0.1%● unchanged vs 10-2025
12-2025: 0.1%● unchanged vs 11-2025
01-2026: 0.1%● unchanged vs 12-2025
02-2026: 0.1%● unchanged vs 01-2026
03-2026: 0.1%● unchanged vs 02-2026
04-2026: 0.1%● unchanged vs 03-2026
05-2026: 0.1%● unchanged vs 04-2026lowest value
06-2026: 0.1%● unchanged vs 05-2026
07-2026: 0.1%● unchanged vs 06-2026
08-2026: 0.3%▲ +0.2 percentage points vs 07-2026
09-2026: 0.3%● unchanged vs 08-2026
10-2026: 0.6%▲ +0.3 percentage points vs 09-2026highest value
11-2026: 0.6%● unchanged vs 10-2026highest value
Financial strengthStrong
Score breakdown
raises risk
Capped at 59: a confirmed filing finding
Figures for financial year 2024 (filed on 28-08-2025)
Sector: Food and beverage service activities (NACE 56)
lowers risk
Liquidity: current ratio 3.23, cash €737,540
Equity €666,751 (70.0% of total assets)
Calculation
The band follows from the bankruptcy probability. 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 56, micro). It does better than 84% of them on solvency, 89% on liquidity, 93% on profitability and 85% on growth.
The bankruptcy probability was computed on 07-11-2026 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.
The probability rests on the annual accounts with balance sheet date 31-12-2024.
Of the companies with a bankruptcy probability in the low class on 30-06-2025, 0.8% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 26,972 companies had the same profile as The.Team: Cycling has now. Each dot stands for 68 companies, two years later.
94.9%
were still trading
3.4%
stopped another way
1.6%
went bankrupt
Another 0.1% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of The.Team: Cycling itself: 0.6% within 12 months.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 26,972 companies, not a prediction for The.Team: Cycling. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
Credit of up to €35,000 on 30-day terms, only on tighter conditions: an expected filing is missing beyond Checked's processing allowance
Liquidity is ample, with a current ratio of 3.23 (5.95 in 2023), above the usual 1.5. Short-term debt is 30% and cash 77.4% of total assets. 30% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Six signals.
lowers riskraises riskneutral
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, 100 days later.
NBB · 7 filingsPosition against the passed deadline
31-12-2025 year end31-07-2026 deadline08-11-2026 today
neutral · A punctual record breaks
This company filed 6 consecutive financial years on time. The year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 28-08-2025, 28 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 · 7 filingsDeviation from the deadline
2025
not filed
2024
28 days late
2023
50 days early
2022
53 days early
2021
33 days early
2020
82 days early
2019
35 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 6 accounts on average 38 days before the deadline. In the sector (NACE 56), the median for financial year 2024 was 7 days after the deadline, and 53% of those companies filed late.
Searched, nothing found (1)
Board and ownership
- Wasserman Netherlands B.V.deed of 10-07-2023
Shares in 2 companies, HOF VAN RAVENSTEIN and STRUIKROVER
Board & ownershipRecent changes
Company renamed from Wasserman Cycling to The.Team: Cycling
General meeting of 13-04-2026 · Gazette deed
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0670812012
Company renamed from Squadra Sports Management to Wasserman Cycling
General meeting of 10-07-2023 · Gazette deed
Registered office moved from Bonheiden to Mechelen
New registered office: Sint-Jansstraat 9, 2800 Mechelen · Previous registered office: Eikendreef 18a, 2820 Bonheiden · Resignation: Dries Smets (sole director) · General meeting of 08-06-2023 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| The.Team: Cycling Mechelen | €1.0m | €696,826 | 70.0% | 3 |
| Burning Butchers Wingene | €0.8m | €664,349 | 60.9% | 3 |
| LP CATERING Gistel | €1.3m | €533,463 | 55.6% | 2.4 |
| Vandererfven Anzegem | €0.8m | €462,760 | 19.9% | 3.8 |
| RESTAURANT MODEST Oudsbergen | €0.9m | €443,786 | 43.7% | 2.9 |
| OH BISTRO(H) Mechelen | €0.8m | €524,581 | 54.4% | 2 |
| PP ATELIER Aartselaar | €0.7m | €350,350 | 1.0% | 5.1 |
These companies have the same main activity as The.Team: Cycling: event catering (NACE 56210). They are comparable in size and age: total assets between €750,000 and €1.3m, founded between 2016 and 2019.
Official details
Source: KBO- Status
- Active since 07-02-2017Normal situation
- Activity
- Event cateringNACE 56210and 5 others
- Establishment unit
- 2.315.246.8742800 Mechelen, since 01-01-2021
- Financial year end
- 31 December
- Peppol
- Reachable since 05-01-2026
Insights on The.Team: Cycling
The.Team: Cycling files the abbreviated format. That format states no turnover. The gross margin rose from €659,722 in 2018 to €696,826 in 2024.
The balance sheet grew most from 2019 to 2021 through fixed assets, financed with long-term debt.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about The.Team: Cycling
- What is the company number of The.Team: Cycling?
- The company number of The.Team: Cycling is 0670.812.012. The VAT number is the same number with BE in front: BE 0670.812.012.
- Where is The.Team: Cycling based?
- The registered office is at Sint-Janstraat 9, 2800 Mechelen.Company details
- What does The.Team: Cycling do?
- According to the KBO register, the main activity is event catering (NACE 56210).
- What is the legal form of The.Team: Cycling?
- The.Team: Cycling is a private limited company (BV).
- When was The.Team: Cycling founded?
- The.Team: Cycling was founded on 07-02-2017.
- Is The.Team: Cycling still active?
- Yes, The.Team: Cycling is an active enterprise in the KBO register.
- How many employees does The.Team: Cycling have?
- The.Team: Cycling had an average of 3 full-time equivalents in financial year 2024, according to the filed annual accounts.Financials
- What is the turnover of The.Team: Cycling?
- The turnover in financial year 2024 is ≈ €1.7m. This figure is estimated from the gross margin of €696,826 and 82 comparable companies (NACE 56). It probably lies between €1.5m and €2.1m.
- Is The.Team: Cycling profitable?
- In financial year 2024, The.Team: Cycling made a profit of €278,169.
- Where can I find the annual accounts of The.Team: Cycling?
- The.Team: Cycling filed 7 annual accounts with the National Bank of Belgium, the latest for financial year 2024.
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