EL TERNERO
ActiveSummary
EL TERNERO has been active since 1995 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €55,480 and a net result of -€26,546. Equity is shrinking by ~13.8% per year across the filed fiscal years. The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability7▼-13
Solvency54▼-7
Growth32=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €3,000 at 30 days acceptable
Liquidity tight (current ratio 1.36 against 2.13 in 2023; short-term debt: 26.8% and cash: 23.4% of total assets), and 71.1% 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
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 01
Relative position
BE, all sectors
reference
Crop and animal production, hunting and related service activities (NACE 01)
about 70% fewer 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
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
28.9%
Return on assets
-13.8%
Age of the figures
21 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 22-06-2026, 39 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
39 d early
2024
22 d early
2023
22 d early
2022
17 d early
2021
27 d early
2020
9 d late
2019
10 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 15 days before the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 37% 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 9 July (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 2024, micro schema, 2025 accounts filed, figures not processed yet
Equity
€55,480▼ 32.9%
2023 · €82,740
Total assets
€191,821▼ 16.0%
2023 · €228,438
Net result
-€26,546▼ 12.8%
2023 · -€23,538
Working capital
€18,656▼ 59.5%
2023 · €46,101
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 01, Crop and animal production, hunting and related service activities, 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
Line20202021202220232024
Operating result-€26,157▼ 59.3%-€6,064▲ 76.8%-€17,209▼ 184%-€22,907▼ 33.1%-€25,246▼ 10.2%
Net result-€20,610below the sector's middle half▼ 191%-€5,223below the sector's middle half▲ 74.7%-€16,860below the sector's middle half▼ 223%-€23,538below the sector's middle half▼ 39.6%-€26,546below the sector's middle half▼ 12.8%
Equity€130,503within the sector's middle half▼ 14.0%€124,566within the sector's middle half▼ 4.5%€106,992within the sector's middle half▼ 14.1%€82,740within the sector's middle half▼ 22.7%€55,480within the sector's middle half▼ 32.9%
Total assets€332,645within the sector's middle half▲ 81.6%€299,871within the sector's middle half▼ 9.9%€267,456within the sector's middle half▼ 10.8%€228,438within the sector's middle half▼ 14.6%€191,821within the sector's middle half▼ 16.0%
Debt€201,723▲ 565%€175,192▼ 13.2%€160,390▼ 8.4%€145,661▼ 9.2%€136,340▼ 6.4%
Working capital€87,373above the sector's middle half▼ 33.9%€88,646above the sector's middle half▲ 1.5%€67,011within the sector's middle half▼ 24.4%€46,101within the sector's middle half▼ 31.2%€18,656within the sector's middle half▼ 59.5%
Solvency39.2%within the sector's middle half▼ 43.6pp41.5%within the sector's middle half▲ 2.3pp40.0%within the sector's middle half▼ 1.5pp36.2%within the sector's middle half▼ 3.8pp28.9%within the sector's middle half▼ 7.3pp
Current ratio3.52above the sector's middle half▼ 4.043.94above the sector's middle half▲ 0.422.89above the sector's middle half▼ 1.042.13within the sector's middle half▼ 0.761.36within the sector's middle half▼ 0.77
Return on assets (ROA)-6.2%below the sector's middle half▼ 2.3pp-1.7%below the sector's middle half▲ 4.5pp-6.3%below the sector's middle half▼ 4.6pp-10.3%below the sector's middle half▼ 4.0pp-13.8%below the sector's middle half▼ 3.5pp
above
within
below
the middle half (P25 to P75) of NACE 01, Crop and animal production, hunting and related service activities, 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 stays negative: a loss of €25,246 in 2024 against €22,907 in 2023; the loss grows.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €191,821
Fixed assets
€121,824 ▼ 14.0%
Current assets
€69,997 ▼ 19.3%
Equity and liabilities €191,821
Equity
€55,480 ▼ 32.9%
Provisions
€0 ▼ 100%
Debt
€136,340 ▼ 6.4%
Debt's share of the balance-sheet total rises from 63.8% to 71.1%. Equity and debt are lower.
Key figures and ratios
EBITDA
€1,275▼
2023 · €3,985
Cash flow
-€25▼
2023 · €3,354
Quick ratio
1.35▼
2023 · 2.12
Debt to equity
2.46▲
2023 · 1.76
ROE
-47.8%▼
2023 · -28.4%
Interest coverage
0.65▼
2023 · 1.68
Debt ≤ 1 year
€51,341▲
2023 · €40,661
Debt > 1 year
€85,000▼
2023 · €105,000
Income taxes
€97▲
2023 · €93
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 1,221 companies that looked in July 2024 the way this one looks now, 3.8% went bankrupt within 24 months and 89% are still going.
- Micro
- 20 years or older
- solvency 10 to 30%
- a loss of 10% of the balance sheet or more
3.8%
went bankrupt
7.4%
stopped otherwise
89%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a lower bankruptcy probability: 0.2% 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 1,221 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 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | €500 | €0 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €29,061 | €30,168 | €26,752 | €26,892 | €26,520 | ▼ 1.4% |
| Other operating charges640/8 | - | €3,997 | €3,568 | €3,947 | €4,397 | ▲ 11.4% |
| Gross operating margin9900 | €6,891 | €28,101 | €13,111 | €7,932 | €5,672 | ▼ 28.5% |
| Operating profit (loss)9901 | -€26,157 | -€6,064 | -€17,209 | -€22,907 | -€25,246 | ▼ 10.2% |
| Financial income75/76B | - | €4,059 | €3,357 | €1,791 | €714 | ▼ 60.2% |
| Recurring financial income75 | €8,535 | €4,059 | €3,357 | €1,791 | €714 | ▼ 60.2% |
| Financial charges65/66B | - | €3,369 | €2,889 | €2,366 | €1,954 | ▼ 17.4% |
| Recurring financial charges65 | €3,425 | €3,369 | €2,889 | €2,366 | €1,954 | ▼ 17.4% |
| Profit (loss) for the period before taxes9903 | -€21,046 | -€5,374 | -€16,741 | -€23,482 | -€26,486 | ▼ 12.8% |
| Transfer from deferred taxes780 | - | €306 | €38 | €38 | €38 | ▼ 0.2% |
| Income taxes67/77 | €146 | €155 | €157 | €93 | €97 | ▲ 3.6% |
| Profit (loss) for the period9904 | -€20,610 | -€5,223 | -€16,860 | -€23,538 | -€26,546 | ▼ 12.8% |
| Transfer from tax-exempt reserves789 | - | €1,073 | - | - | - | - |
| Profit (loss) for the period to be appropriated9905 | -€18,278 | -€4,150 | -€16,860 | -€23,538 | -€26,546 | ▼ 12.8% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €332,645 | €299,871 | €267,456 | €228,438 | €191,821 | ▼ 16.0% |
| Fixed assets21/28 | €210,549 | €181,033 | €165,056 | €141,676 | €121,824 | ▼ 14.0% |
| Intangible fixed assets21 | - | - | €2,893 | €2,238 | €1,583 | ▼ 29.3% |
| Tangible fixed assets22/27 | €208,440 | €178,924 | €160,054 | €137,330 | €118,194 | ▼ 13.9% |
| Plant, machinery and equipment23 | - | €13,928 | €13,786 | €8,239 | €5,389 | ▼ 34.6% |
| Other tangible fixed assets26 | - | €164,996 | €146,268 | €129,091 | €112,806 | ▼ 12.6% |
| Financial fixed assets28 | €2,109 | €2,109 | €2,109 | €2,109 | €2,047 | ▼ 2.9% |
| Current assets29/58 | €122,096 | €118,838 | €102,400 | €86,762 | €69,997 | ▼ 19.3% |
| Stocks and contracts in progress3 | €347 | €643 | €1,670 | €696 | €840 | ▲ 20.8% |
| Stocks30/36 | - | €643 | €1,670 | €696 | €840 | ▲ 20.8% |
| Amounts receivable within one year40/41 | €80,401 | €67,009 | €47,705 | €42,064 | €16,755 | ▼ 60.2% |
| Trade receivables40 | - | €17,888 | €13,885 | €34,505 | €16,133 | ▼ 53.2% |
| Other amounts receivable41 | - | €49,121 | €33,820 | €7,559 | €621 | ▼ 91.8% |
| Cash at bank and in hand54/58 | €36,588 | €46,060 | €47,735 | €37,752 | €44,791 | ▲ 18.6% |
| Deferred charges and accrued income490/1 | - | €5,126 | €5,291 | €6,250 | €7,610 | ▲ 21.8% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €332,645 | €299,871 | €267,456 | €228,438 | €191,821 | ▼ 16.0% |
| Equity10/15 | €130,503 | €124,566 | €106,992 | €82,740 | €55,480 | ▼ 32.9% |
| Contributions10/11 | - | €18,592 | €18,592 | €18,592 | €18,592 | = |
| Reserves13 | €134,684 | €103,832 | €86,972 | €63,434 | €36,888 | ▼ 41.8% |
| Non-distributable reserves130/1 | - | €1,859 | €1,859 | €0 | - | - |
| Reserves not available under the articles1311 | - | €1,859 | €1,859 | €0 | - | - |
| Distributable reserves133 | - | €101,973 | €85,113 | €63,434 | €36,888 | ▼ 41.8% |
| Profit (loss) carried forward14 | -€25,629 | - | - | - | - | - |
| Investment grants15 | - | €2,142 | €1,428 | €714 | €0 | ▼ 100% |
| Provisions and deferred taxes16 | €419 | €113 | €75 | €38 | €0 | ▼ 100% |
| Deferred taxes168 | - | €113 | €75 | €38 | €0 | ▼ 100% |
| Amounts payable17/49 | €201,723 | €175,192 | €160,390 | €145,661 | €136,340 | ▼ 6.4% |
| Amounts payable after more than one year17 | €167,000 | €145,000 | €125,000 | €105,000 | €85,000 | ▼ 19.0% |
| Financial debts170/4 | - | €145,000 | €125,000 | €105,000 | €85,000 | ▼ 19.0% |
| Amounts payable within one year42/48 | €34,723 | €30,192 | €35,390 | €40,661 | €51,341 | ▲ 26.3% |
| Current portion of amounts payable after more than one year42 | - | €22,000 | €20,000 | €20,000 | €20,000 | = |
| Trade debts44 | €6,273 | €7,437 | €14,340 | €19,734 | €6,472 | ▼ 67.2% |
| Suppliers440/4 | - | €7,437 | €14,340 | €19,734 | €6,472 | ▼ 67.2% |
| Taxes, remuneration and social security45 | - | €755 | €1,050 | €928 | €3,212 | ▲ 246% |
| Taxes450/3 | - | €755 | €1,050 | €928 | €697 | ▼ 24.9% |
| Remuneration and social security454/9 | - | - | - | - | €2,515 | - |
| Other amounts payable47/48 | - | - | - | - | €21,656 | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€20,610 | -€5,223 | -€16,860 | -€23,538 | -€26,546 | ▼ 12.8% |
| + Depreciation and write-downs630 | €29,061 | €30,168 | €26,752 | €26,892 | €26,520 | ▼ 1.4% |
| Operating cash flow (approximation) | €8,451 | €24,945 | €9,891 | €3,354 | -€25 | ▼ 101% |
| Investment in fixed assets (approximation) | - | -€652 | -€10,775 | -€3,512 | -€6,668 | ▼ 89.9% |
| Change in cash | - | €9,472 | €1,675 | -€9,983 | €7,039 | ▲ 171% |
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
22-06
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
09-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Weakest financial yearnet -€26,546
Net result drops to -€26,546, the lowest in the series.
09-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
14-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
04-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
09-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 9 days late
2020
10-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 10 days late
2019
01-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
13-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
04-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not 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 1 Gazette acts processed. See the function holders in the CBE →
Location & real-estate footprint
Registered office, Brecht · 1 establishment unit since 1995
Ground area
339 m²
Building footprint
276 m²
Volume, LiDAR
1,477 m³
Parcel 11333N0018/00B000, Flanders · tallest building 11.3 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Brasschaatbaan 2 B, 2960 Brecht
since 19952.071.452.915
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11333N0018/00B000 | Flanders | 339 m² | 1 · 276 m² | 11.3 m · 2 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.
Recognitions · licences · registrations
Food safety, FASFC
1 siteBrecht2.071.452.915
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Of 7,632 companies in this sector we hold annual accounts for 1,848. 1,274 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
Founded18-04-1995
Fiscal year end31-12
Activities, NACEBEL 2025
01410Raising of dairy cattle
E-invoicing
Reachable via Peppol
Peppol ID
0208:0454950388
Also
9925:BE0454950388
Registered
17-12-2024
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.