Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Shrinking team NBB
FTE fell two years in a row, from 55.6 to 41.8.
Financials
Financial year 2025
TEAM CONSTRUCT from Brussel, company number BE0439666752, closed financial year 2025 with a result of € 328,693 after tax. For that financial year TEAM CONSTRUCT recorded revenue of € 15.1 million and equity of € 740,943. Compared with financial year 2024, the result moved from € -515,035 to € 328,693. Profitable, and profit is growing. The buffer is growing. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on May 27, 2026.
€ 740,943
▲ 32% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 328,693
▲ still € 515,035 loss in 2024
Profit after tax over the fiscal year.
€ 2.8 million
▲ 30% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 150,000 paid out
46 % of the profit went to the shareholders, the rest stayed in the company.
People and assets in 2025
41.8
▼ 3.1 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 3 million
▼ 3% vs 2024
€ 72,600 per full-time equivalent. Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 115,011
▼ 22% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
€ 448,927
▲ 30% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 14 days on average.
€ 531,699
▲ 32% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 26,379,169 | € 28,201,582 | € 18,706,438 | € 15,050,825 | ▼ 20% |
| Profit after taxes | € 327,758 | € 22,253 | € -515,035 | € 328,693 | ▲ € 843,728 |
| Equity | € 697,889 | € 577,284 | € 562,250 | € 740,943 | ▲ 32% |
| Total debts | € 5,253,614 | € 4,893,562 | € 3,137,157 | € 3,214,664 | ▲ 2% |
| Cash | € 2,402,887 | € 2,430,797 | € 2,182,689 | € 2,831,183 | ▲ 30% |
| Retained profit | € 636,389 | € 515,784 | € 750 | € 179,443 | ▲ € 178,693 |
| Dividend | € 225,000 | € 142,857 | € 0 | € 150,000 | |
| Balance sheet total | € 5,951,503 | € 5,470,847 | € 3,699,407 | € 3,955,607 | ▲ 7% |
| Employees (FTE) | 62 | 55.6 | 44.9 | 41.8 | ▼ 3.1 |
Key figures of TEAM CONSTRUCT, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 31 July 2027.
What happened to TEAM CONSTRUCT?
What happened at TEAM CONSTRUCT in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Fiore Coltellaro stepped down as director. NBB
- Michel Duchatel stepped down as director. NBB
- Guy Duchatel stepped down as director. NBB
- Dirk Jaubin stepped down as director. NBB
- New annual accounts for financial year 2025: profit of € 328,693. Source: NBB ↗
- Michel Duchatel became a director. NBB
- New establishment in Sint-Pieters-Leeuw. KBO
- Fiore Coltellaro became a director. NBB
In short
From € 327,758 profit in 2022 to € 328,693 profit in 2025.
Paid € 323,120 in corporate taxes since 2022.
Best year ever: 2025, with € 328,693 profit.
Paid out € 517,857 in dividends to the owners in total.
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De Lijn 8 June 2026 New annual account 2025
filed on 8 June 2026
What was left
€ 20 k ▼ 91%
Money in the bank
€ 178 k ▼ 98%
Open the dossier →
NMBS 8 June 2026 New annual account 2025 What was left ▼ 80%
bpost 18 May 2026 New annual account 2025 What was left from loss to profit
Management
The stake of GEOTEL, GEOMETRA comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
TEAM CONSTRUCTThe shares are held by GEOTEL (10.2%) and GEOMETRA (10.2%).
Directors
According to the 2025 annual accounts
Fiore Coltellaro
Director
since 2016 · until 2027
since 2021 · until 2027
Guy Duchatel
Managing director
since 2016 · until 2027
since 2016 · until 2027
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Louizalaan 367
1050 Brussel
Paul Gilsonlaan 49
1601 Sint-Pieters-Leeuw
Active since 15 May 2017
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0439.666.752
- VAT number
- BE 0439.666.752
- Registered office
- Louizalaan 367, 1050 Brussel
- Names & denominations
- TEAM CONSTRUCT
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 15 January 1990
- Peppol
- Active · Active since 25 Sept 2025
- Activities · NACE
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