W - TEAM
ActiveSummary
W - TEAM has been active since 2002 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €120,472 and a net result of -€4,786. Equity is growing by ~10.6% per year across the filed fiscal years. Its solvency ranks better than 74% of 18973 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.2% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability16▼-47
Solvency87▼-13
Growth78=
Track record100
Bankruptcy probability, 12 months
1.2%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €6,000 at 30 days acceptable
Liquidity ample (current ratio 2.34 against 7.76 in 2024; short-term debt: 37.9% and cash: 11.5% of total assets), and 37.9% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Retail trade (NACE 47)
about 45% more bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 10-09-2026, 41 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 · 10 filingsDeviation from the deadline
2025
41 d late
2024
53 d late
2023
30 d late
2022
31 d late
2021
1 d late
2020
1 d early
2019
34 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 27 days after the deadline; the sector median for financial year 2024 is on the deadline day, and 47% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. Usually files around 31 August (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
01-10-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
-€4,786
2024 · €14,859
Working capital
€98,667▼ 21.2%
2024 · €125,258
Trend over the years
In euros
In per cent
Ratio
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 47, Retail trade, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€8,144▲ 138%€25,518▲ 213%€8,668▼ 66.0%€21,557▲ 149%-€4,043
Net result€11,870within the sector's middle half▲ 262%€18,721within the sector's middle half▲ 57.7%€10,170within the sector's middle half▼ 45.7%€14,859within the sector's middle half▲ 46.1%-€4,786below the sector's middle half
Equity€81,508within the sector's middle half▲ 17.0%€100,229within the sector's middle half▲ 23.0%€110,399within the sector's middle half▲ 10.1%€125,258above the sector's middle half▲ 13.5%€120,472within the sector's middle half▼ 3.8%
Total assets€82,858within the sector's middle half▲ 16.9%€108,231within the sector's middle half▲ 30.6%€122,284within the sector's middle half▲ 13.0%€143,787within the sector's middle half▲ 17.6%€194,070within the sector's middle half▲ 35.0%
Debt€1,350▲ 7.5%€8,002▲ 493%€11,886▲ 48.5%€18,530▲ 55.9%€73,598▲ 297%
Working capital€81,508within the sector's middle half▲ 17.0%€100,229above the sector's middle half▲ 23.0%€110,399above the sector's middle half▲ 10.1%€125,258above the sector's middle half▲ 13.5%€98,667above the sector's middle half▼ 21.2%
Solvency98.4%above the sector's middle half▲ 0.1pp92.6%above the sector's middle half▼ 5.8pp90.3%above the sector's middle half▼ 2.3pp87.1%above the sector's middle half▼ 3.2pp62.1%within the sector's middle half▼ 25.0pp
Current ratio61.37above the sector's middle half▲ 4.9013.53above the sector's middle half▼ 47.8410.29above the sector's middle half▼ 3.247.76above the sector's middle half▼ 2.532.34within the sector's middle half▼ 5.42
Return on assets (ROA)14.3%above the sector's middle half▲ 9.7pp17.3%above the sector's middle half▲ 3.0pp8.3%within the sector's middle half▼ 9.0pp10.3%within the sector's middle half▲ 2.0pp-2.5%within the sector's middle half▼ 12.8pp
above
within
below
the middle half (P25 to P75) of NACE 47, Retail trade, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €4,043 after €21,557 in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €194,070
Fixed assets
€21,805
Current assets
€172,265
Equity and liabilities €194,070
Equity
€120,472 ▼ 3.8%
Debt
€73,598 ▲ 297%
Debt's share of the balance-sheet total rises from 12.9% to 37.9%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
-€1,698
Cash flow
-€2,441
Debt to equity
0.61▲
2024 · 0.15
ROE
-4.0%▼
2024 · 11.9%
Interest coverage
-8.98
Debt ≤ 1 year
€73,598▲
2024 · €18,530
Income taxes
€554▼
2024 · €6,559
Staff costs
€19,428▲
2024 · €9,100
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 12,321 companies that looked in July 2024 the way this one looks now, 0.7% went bankrupt within 24 months and 90% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a small loss
0.7%
went bankrupt
8.6%
stopped otherwise
90%
still going
A further 0.5% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a higher bankruptcy probability: 1.2% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,341 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.0% |
| 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% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 12,321 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | - | €9,100 | €19,428 | ▲ 113% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | - | - | - | €2,345 | - |
| Other operating charges640/8 | - | - | - | €640 | €432 | ▼ 32.6% |
| Gross operating margin9900 | €8,144 | €25,518 | €8,668 | €31,296 | €18,162 | ▼ 42.0% |
| Operating profit (loss)9901 | €8,144 | €25,518 | €8,668 | €21,557 | -€4,043 | ▼ 119% |
| Financial income75/76B | €3,783 | - | €5,804 | €0 | - | - |
| Recurring financial income75 | €3,783 | - | €5,804 | €0 | - | - |
| Financial charges65/66B | €57 | €156 | €45 | €138 | €189 | ▲ 36.9% |
| Recurring financial charges65 | €57 | €156 | €45 | €138 | €189 | ▲ 36.9% |
| Profit (loss) for the period before taxes9903 | €11,870 | €25,361 | €14,427 | €21,418 | -€4,232 | ▼ 120% |
| Income taxes67/77 | - | €6,641 | €4,257 | €6,559 | €554 | ▼ 91.6% |
| Profit (loss) for the period9904 | €11,870 | €18,721 | €10,170 | €14,859 | -€4,786 | ▼ 132% |
| Profit (loss) for the period to be appropriated9905 | €11,870 | €18,721 | €10,170 | €14,859 | -€4,786 | ▼ 132% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €82,858 | €108,231 | €122,284 | €143,787 | €194,070 | ▲ 35.0% |
| Fixed assets21/28 | - | - | - | - | €21,805 | - |
| Tangible fixed assets22/27 | - | - | - | - | €21,655 | - |
| Furniture and vehicles24 | - | - | - | - | €21,655 | - |
| Financial fixed assets28 | - | - | - | - | €150 | - |
| Current assets29/58 | €82,858 | €108,231 | €122,284 | €143,787 | €172,265 | ▲ 19.8% |
| Amounts receivable within one year40/41 | €82,114 | €97,871 | €118,293 | €133,533 | €149,852 | ▲ 12.2% |
| Trade receivables40 | €10,647 | €3,872 | - | €3,872 | €3,097 | ▼ 20.0% |
| Other amounts receivable41 | €71,467 | €93,999 | €118,293 | €129,661 | €146,755 | ▲ 13.2% |
| Current investments50/53 | - | €10,360 | - | - | - | - |
| Cash at bank and in hand54/58 | €744 | - | €3,992 | €10,204 | €22,412 | ▲ 120% |
| Deferred charges and accrued income490/1 | - | - | - | €50 | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €82,858 | €108,231 | €122,284 | €143,787 | €194,070 | ▲ 35.0% |
| Equity10/15 | €81,508 | €100,229 | €110,399 | €125,258 | €120,472 | ▼ 3.8% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Capital10 | €18,600 | €18,600 | - | - | - | - |
| Issued capital100 | €18,600 | €18,600 | - | - | - | - |
| Profit (loss) carried forward14 | €62,908 | €81,629 | €91,799 | €106,658 | €101,872 | ▼ 4.5% |
| Amounts payable17/49 | €1,350 | €8,002 | €11,886 | €18,530 | €73,598 | ▲ 297% |
| Amounts payable within one year42/48 | €1,350 | €8,002 | €11,886 | €18,530 | €73,598 | ▲ 297% |
| Current portion of amounts payable after more than one year42 | - | - | - | - | €9,250 | - |
| Trade debts44 | - | - | €6,632 | €1,914 | €34,490 | ▲ 1,702% |
| Suppliers440/4 | - | - | €6,632 | €1,914 | €34,490 | ▲ 1,702% |
| Taxes, remuneration and social security45 | €1,350 | €8,002 | €5,254 | €16,616 | €29,858 | ▲ 79.7% |
| Taxes450/3 | €1,350 | €8,002 | €5,254 | €14,880 | €27,339 | ▲ 83.7% |
| Remuneration and social security454/9 | - | - | - | €1,736 | €2,518 | ▲ 45.0% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €11,870 | €18,721 | €10,170 | €14,859 | -€4,786 | ▼ 132% |
| + Depreciation and write-downs630 | - | - | - | - | €2,345 | - |
| Operating cash flow (approximation) | €11,870 | €18,721 | €10,170 | €14,859 | -€2,441 | ▼ 116% |
| Change in cash | - | - | - | €6,213 | €12,208 | ▲ 96.5% |
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
Next filing, fiscal year 2026, expected by
2026
10-09
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 41 days late
2025
22-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 53 days late
2024
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 30 days late
2023
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 31 days late
2022
31-12
Financial
Highest result since 2018net €18,721 ▲57.7%
Operating result €25,518, net result €18,721, both a record.
31-12
Financial
Equity above €100,000Eq €100,229 ▲23%
3 profitable years in a row build equity to €100,229.
01-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 1 day late
2021
30-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Back to profitnet €3,276
Net result €3,276 after 2 loss-making years.
03-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 34 days late
2019
31-12
Financial
Weakest financial yearnet -€30,969
Net result drops to -€30,969, the lowest in the series; recovery starts the following year.
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 30 days late
2018
08-08
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 8 days late
2017
03-07
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 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
No directors read yet: 0 of 3 Gazette acts processed. See the function holders in the CBE →
Location & real-estate footprint
Registered office, Anderlecht · 1 establishment unit since 2002
Ground area
3.9 ha
Building footprint
1,930 m²
Volume, LiDAR
33,104 m³
2 parcels, Brussels · tallest building 22.5 m, ±6 floors. Linked by address, not a title deed.
107
companies at this address
See who is registered here
1 establishment unit
W-TEAM SPRL
since 20022.132.830.456
2 parcels
Brussels
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21306C0030/00V000 | Brussels | 3.8 ha | 1 · 1,578 m² | 22.5 m · 6 fl. |
| 21013B0016/00V009 | Brussels | 413 m² | 1 · 352 m² | 22.5 m · 3 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 656 companies in this sector we hold annual accounts for 187. 148 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company details
Identification
Legal formPrivate limited company
Founded16-12-2002
Fiscal year end31-12
Activities, NACEBEL 2025
47715Retail trade
90391Promotion and organisation of arts and performing arts events
46412Wholesale of household textiles and bedding
47519Retail trade
E-invoicing
Reachable via Peppol
Peppol ID
0208:0479055779
Also
9925:BE0479055779
Registered
30-05-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 1 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.