UNION TEAM CONSTRUCT
ActiveSummary
The computed 12-month bankruptcy probability of UNION TEAM CONSTRUCT is 8.9% (elevated). For UNION TEAM CONSTRUCT, at least two filing cycles of the annual accounts are missing. The 2024 annual accounts show equity of €17,128 and a net result of €2,165. Its solvency ranks better than 23% of 9975 sector peers (fiscal year 2024). The company has been active since 2021 and the Belgian State Gazette contains no insolvency signals. The CBE does carry 1 administrative register entry (see administrative flags).
Checked score
No current score
Figures too old
The available figures for FY 2024 are too old to assess current financial health.
Bankruptcy probability: Elevated
Filing: At least two filing cycles are missing
Axes, FY 2024 · tick = 2023
Profitability71▲+11
Solvency40▼-2
Growth52
Track record86
Bankruptcy probability, 12 months
8.9%
Elevated
0%0.5%1.5%4%10%≥ 25%
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Signals
Eight signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 41
Relative position
BE, all sectors
reference
Construction of residential and non-residential buildings (NACE 41)
about 67% more bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · 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 2024Solvency, return and age of the figures
Solvency
15.3%
Return on assets
1.9%
Age of the figures
32 mo
raises risk · Two or more financial years not filed
Since the financial year that closed on 31-01-2025, 2 financial years are missing at the National Bank. A company this far behind goes bankrupt within the year nineteen times as often as a punctual filer.
NBB · 2 filingsPosition against the passed deadline
31-01-2025 close31-08-2025 deadline28-09-2026 today
neutral · Filed after the deadline
The financial year that closed on 31-01-2024 was due by 31-08-2024 and was filed on 06-10-2024, 36 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 2 filingsDeviation from the deadline
2026
not confirmed
2025
not filed
2024
36 d late
2023
31 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 2 accounts on average 3 days after the deadline; the sector median for financial year 2024 is on the deadline day, and 46% of the sector filed late.
raises risk · Administrative warnings in the KBO publications
1 publication by the FPS Economy about this company, such as a strike-off for address, accounts or UBO, or its withdrawal.
KBO publicationsPublications
Address struck
History
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How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you trust this company with building work?Contractor check Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check How does this company compare with its sector?Sector benchmark
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Financials · fiscal year 2024, micro schema
Equity
€17,128▲ 14.5%
2023 · €14,964
Total assets
€112,276▲ 26.2%
2023 · €88,958
Net result
€2,165▼ 82.6%
2023 · €12,464
Working capital
€16,226▲ 20.7%
2023 · €13,445
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 41, Construction of residential and non-residential buildings, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20232024
Operating result€21,280-€2,503▼ 88.2%
Net result€12,464within the sector's middle half-€2,165within the sector's middle half▼ 82.6%
Equity€14,964within the sector's middle half-€17,128within the sector's middle half▲ 14.5%
Total assets€88,958within the sector's middle half-€112,276within the sector's middle half▲ 26.2%
Debt€73,994-€95,148▲ 28.6%
Working capital€13,445within the sector's middle half-€16,226within the sector's middle half▲ 20.7%
Solvency16.8%below the sector's middle half-15.3%below the sector's middle half▼ 1.6pp
Current ratio1.18within the sector's middle half-1.17within the sector's middle half▼ 0.01
Return on assets (ROA)14.0%within the sector's middle half-1.9%within the sector's middle half▼ 12.1pp
above
within
below
the middle half (P25 to P75) of NACE 41, Construction of residential and non-residential buildings, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2024; 2024 is 88% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €112,276
Fixed assets
€902 ▼ 40.6%
Current assets
€111,374 ▲ 27.4%
Equity and liabilities €112,276
Equity
€17,128 ▲ 14.5%
Debt
€95,148 ▲ 28.6%
Debt's share of the balance-sheet total rises from 83.2% to 84.7%. Equity and debt are higher.
Key figures and ratios
EBITDA
€3,120▼
2023 · €25,584
Cash flow
€2,781▼
2023 · €16,768
Debt to equity
5.56▲
2023 · 4.94
ROE
12.6%▼
2023 · 83.3%
Interest coverage
9.21▲
2023 · 2.90
Debt ≤ 1 year
€95,148▲
2023 · €73,994
Staff costs
€517▲
2023 · €312
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2023 | 2024 | Change |
|---|---|---|---|
| Remuneration, social security and pensions62 | €312 | €517 | ▲ 66.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €4,304 | €616 | ▼ 85.7% |
| Other operating charges640/8 | €2,375 | €787 | ▼ 66.8% |
| Gross operating margin9900 | €28,270 | €4,424 | ▼ 84.3% |
| Operating profit (loss)9901 | €21,280 | €2,503 | ▼ 88.2% |
| Financial income75/76B | €0 | - | - |
| Recurring financial income75 | €0 | - | - |
| Financial charges65/66B | €8,816 | €339 | ▼ 96.2% |
| Recurring financial charges65 | €8,816 | €339 | ▼ 96.2% |
| Profit (loss) for the period before taxes9903 | €12,464 | €2,165 | ▼ 82.6% |
| Profit (loss) for the period9904 | €12,464 | €2,165 | ▼ 82.6% |
| Profit (loss) for the period to be appropriated9905 | €12,464 | €2,165 | ▼ 82.6% |
| Line | 2023 | 2024 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €88,958 | €112,276 | ▲ 26.2% |
| Fixed assets21/28 | €1,518 | €902 | ▼ 40.6% |
| Tangible fixed assets22/27 | €1,398 | €782 | ▼ 44.1% |
| Furniture and vehicles24 | €1,398 | €782 | ▼ 44.1% |
| Financial fixed assets28 | €120 | €120 | = |
| Current assets29/58 | €87,440 | €111,374 | ▲ 27.4% |
| Amounts receivable within one year40/41 | €83,035 | €109,678 | ▲ 32.1% |
| Trade receivables40 | €80,919 | €108,171 | ▲ 33.7% |
| Other amounts receivable41 | €2,115 | €1,508 | ▼ 28.7% |
| Cash at bank and in hand54/58 | €4,356 | €1,646 | ▼ 62.2% |
| Deferred charges and accrued income490/1 | €49 | €49 | = |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €88,958 | €112,276 | ▲ 26.2% |
| Equity10/15 | €14,964 | €17,128 | ▲ 14.5% |
| Contributions10/11 | €2,500 | €2,500 | = |
| Capital10 | €2,500 | - | - |
| Issued capital100 | €2,500 | - | - |
| Outside capital11 | - | €2,500 | - |
| Other1109/19 | - | €2,500 | - |
| Profit (loss) carried forward14 | €12,464 | €14,628 | ▲ 17.4% |
| Amounts payable17/49 | €73,994 | €95,148 | ▲ 28.6% |
| Amounts payable within one year42/48 | €73,994 | €95,148 | ▲ 28.6% |
| Trade debts44 | €5,418 | €23,659 | ▲ 337% |
| Suppliers440/4 | €5,418 | €23,659 | ▲ 337% |
| Advances received on contracts in progress46 | €68,576 | €71,488 | ▲ 4.2% |
| Line | 2023 | 2024 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | €12,464 | €2,165 | ▼ 82.6% |
| + Depreciation and write-downs630 | €4,304 | €616 | ▼ 85.7% |
| Operating cash flow (approximation) | €16,768 | €2,781 | ▼ 83.4% |
| Investment in fixed assets (approximation) | - | €0 | - |
| Change in cash | - | -€2,710 | - |
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
2026
31-08
KBO administration
Address struck
event 16-08-2026
2024
06-10
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 36 days late
2023
31-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
SignalNBB filing
0 of 2 acts read
About the unread acts
We know of 2 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
2 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, Sint-Genesius-Rode · 1 establishment unit since 2021
Ground area
7,308 m²
Building footprint
1,453 m²
Volume, LiDAR
16,574 m³
Parcel 22552E0048/00Z025, Flanders · tallest building 23.0 m, ±4 floors. Linked by address, not a title deed.
415
companies at this address
See who is registered here
1 establishment unit
UNION TEAM CONSTRUCT
since 20212.321.644.619
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 22552E0048/00Z025 | Flanders | 7,308 m² | 1 · 1,453 m² | 23.0 m · 4 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.
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BE 0880.466.723
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Of 29,787 companies in sector 41001 we hold annual accounts for 16,052. 11,114 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
Founded13-09-2021
Fiscal year end31-01
Activities, NACEBEL 2025
41001General construction of residential buildings
39000Remediation activities and other waste management service activities
43211General electrical installation work
43350Other building finishing work
43990Other specialised construction activities
E-invoicing
Not found in the Peppol register
No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.
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Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.