Groep Terryn Construct
ActiveSummary
Groep Terryn Construct has been active since 1968 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €5.3m and a net result of €2.1m. Equity remains stable across the filed fiscal years (±2.4% per year). Its solvency ranks better than 93% of 145 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability100▲+27
Solvency100=
Growth79=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €500,000 at 30 days acceptable
Liquidity ample (current ratio 10.24; short-term debt: 9.8% of total assets), and 9.8% of the assets are financed with debt.
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Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
90.2%
Return on assets
36.2%
Age of the figures
9 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 16
Relative position
BE, all sectors
reference
Manufacture of wood and of products of wood and cork, except furniture; manufacture of articles of straw and plaiting materials (NACE 16)
about 8% more bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €5.3m
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 29-05-2026, 63 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
63 d early
2024
44 d early
2023
29 d early
2022
29 d late
2021
22 d late
2020
58 d early
2019
32 d early
← 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 25 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 3 July (4 of the last 5 filed years within 50 days of that day).
Companies Code · seven monthsPosition in the running window
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, full schema
In the rankings
#1 company by equity in Oudergem, Manufacturing sector#3 company by total assets in the Brussels-Capital Region, Wood and cork sector
Turnover
€4.4m▲ 32.9%
2020 · €3.3m
EBIT margin
0.2%▲ 0.8pp
2020 · -0.6%
Net result
€2.1m▲ 1,731%
2024 · €116,260
Working capital
€5.3m▲ 76.1%
2024 · €3.0m
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 16, Manufacture of wood and of products of wood and cork, except furniture; manufacture of articles of straw and plaiting materials, 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
Line20212022202320242025
Turnover€4.4m▲ 32.9%
Operating result€9,091€62,320▲ 586%€65,459▲ 5.0%€54,657▼ 16.5%€2.6m▲ 4,656%
Net result€4,951below the sector's middle half€65,231within the sector's middle half▲ 1,217%€140,869within the sector's middle half▲ 116%€116,260within the sector's middle half▼ 17.5%€2.1mabove the sector's middle half▲ 1,731%
EBIT margin0.2%▲ 0.8pp
Equity€2.8mwithin the sector's middle half▲ 0.2%€2.9mwithin the sector's middle half▲ 2.3%€3.1mwithin the sector's middle half▲ 4.8%€3.2mwithin the sector's middle half▲ 3.8%€5.3mabove the sector's middle half▲ 67.2%
Total assets€2.9mwithin the sector's middle half▼ 5.6%€2.9mwithin the sector's middle half▲ 2.2%€3.1mwithin the sector's middle half▲ 4.8%€3.2mwithin the sector's middle half▲ 4.3%€5.9mwithin the sector's middle half▲ 83.8%
Debt€16,195▼ 91.5%€13,484▼ 16.7%€12,379▼ 8.2%€26,670▲ 115%€576,312▲ 2,061%
Working capital€2.7mabove the sector's middle half▲ 1.8%€2.8mabove the sector's middle half▲ 2.7%€2.9mabove the sector's middle half▲ 4.1%€3.0mabove the sector's middle half▲ 3.4%€5.3mabove the sector's middle half▲ 76.1%
Solvency99.4%above the sector's middle half▲ 5.7pp99.5%above the sector's middle half▲ 0.1pp99.6%above the sector's middle half▲ 0.1pp99.2%above the sector's middle half▼ 0.4pp90.2%above the sector's middle half▼ 9.0pp
Current ratio10.24above the sector's middle half
Return on assets (ROA)0.2%below the sector's middle half▲ 0.4pp2.2%within the sector's middle half▲ 2.1pp4.6%within the sector's middle half▲ 2.4pp3.6%within the sector's middle half▼ 1.0pp36.2%above the sector's middle half▲ 32.6pp
Staff (FTE)1below the sector's middle half▼ 91.7%1below the sector's middle half=1below the sector's middle half=1below the sector's middle half
above
within
below
the middle half (P25 to P75) of NACE 16, Manufacture of wood and of products of wood and cork, except furniture; manufacture of articles of straw and plaiting materials, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 4,656% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Equity and liabilities €5.9m
Equity
€5.3m ▲ 67.2%
Debt
€576,312 ▲ 2,061%
Debt's share of the balance-sheet total rises from 0.8% to 9.8%. Equity and debt are higher.
Key figures and ratios
EBITDA
€2.6m▲
2024 · €66,161
Cash flow
€2.2m▲
2024 · €127,763
Debt to equity
0.11▲
2024 · 0.01
ROE
40.2%▲
2024 · 3.7%
Interest coverage
3407.75▲
2024 · 22.48
Debt ≤ 1 year
€573,627▲
2024 · €26,670
Income taxes
€532,398▲
2024 · €37,594
Staff costs
€60,000
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 31,349 companies that looked in July 2024 the way this one looks now, 0.4% went bankrupt within 24 months and 93% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.4%
went bankrupt
5.9%
stopped otherwise
93%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.3% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% 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 31,349 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 |
|---|---|---|---|---|---|---|
| Operating income70/76A | €191,974 | €215,316 | €206,496 | €225,466 | €2.9m | ▲ 1,173% |
| Turnover70 | €4.4m | - | - | - | - | - |
| Change in stocks of work in progress, finished goods and contracts in progress71 | -€4.4m | - | - | - | - | - |
| Other operating income74 | €179,773 | €200,316 | €206,496 | €225,466 | €178,404 | ▼ 20.9% |
| Non-recurring operating income76A | €402 | €15,000 | - | - | €2.7m | - |
| Operating charges60/66A | €182,883 | €152,997 | €141,037 | €170,809 | €271,758 | ▲ 59.1% |
| Goods for resale, raw materials and consumables60 | €5,552 | €10,176 | €6,847 | €20,138 | €12,506 | ▼ 37.9% |
| Purchases600/8 | €5,552 | €10,176 | €6,847 | €20,138 | €12,506 | ▼ 37.9% |
| Services and other goods61 | €59,718 | €66,827 | €57,673 | €68,680 | €72,660 | ▲ 5.8% |
| Remuneration, social security and pensions62 | -€196 | -€124 | €381 | - | €60,000 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €55,218 | €11,428 | €7,985 | €11,503 | €21,422 | ▲ 86.2% |
| Other operating charges640/8 | €62,592 | €64,689 | €68,151 | €70,487 | €70,195 | ▼ 0.4% |
| Non-recurring operating charges66A | - | - | - | - | €34,975 | - |
| Operating profit (loss)9901 | €9,091 | €62,320 | €65,459 | €54,657 | €2.6m | ▲ 4,656% |
| Financial income75/76B | €17 | €6,303 | €79,307 | €102,139 | €62,226 | ▼ 39.1% |
| Recurring financial income75 | €17 | €6,303 | €79,307 | €102,139 | €62,226 | ▼ 39.1% |
| Income from financial fixed assets750 | €17 | - | - | - | - | - |
| Income from current assets751 | - | €6,303 | €79,307 | €102,139 | €62,226 | ▼ 39.1% |
| Financial charges65/66B | €4,014 | €3,392 | €3,898 | €2,943 | €769 | ▼ 73.9% |
| Recurring financial charges65 | €4,014 | €3,392 | €3,898 | €2,943 | €769 | ▼ 73.9% |
| Other financial charges652/9 | €4,014 | €3,392 | €3,898 | €2,943 | €769 | ▼ 73.9% |
| Profit (loss) for the period before taxes9903 | €5,094 | €65,231 | €140,869 | €153,854 | €2.7m | ▲ 1,630% |
| Income taxes67/77 | €142 | - | - | €37,594 | €532,398 | ▲ 1,316% |
| Taxes670/3 | €142 | - | - | €37,594 | €532,398 | ▲ 1,316% |
| Profit (loss) for the period9904 | €4,951 | €65,231 | €140,869 | €116,260 | €2.1m | ▲ 1,731% |
| Profit (loss) for the period to be appropriated9905 | €4,951 | €65,231 | €140,869 | €116,260 | €2.1m | ▲ 1,731% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €2.9m | €2.9m | €3.1m | €3.2m | €5.9m | ▲ 83.8% |
| Fixed assets21/28 | €122,653 | €115,446 | €141,586 | €158,519 | - | - |
| Tangible fixed assets22/27 | €122,653 | €115,446 | €141,586 | €158,519 | - | - |
| Land and buildings22 | €101,693 | €104,717 | €136,145 | €137,097 | - | - |
| Plant, machinery and equipment23 | €15,635 | €10,412 | €5,189 | €21,236 | - | - |
| Furniture and vehicles24 | €383 | €318 | €252 | €186 | - | - |
| Other tangible fixed assets26 | €4,941 | - | - | - | - | - |
| Current assets29/58 | €2.7m | €2.8m | €2.9m | €3.0m | €5.9m | ▲ 93.4% |
| Amounts receivable within one year40/41 | €2.7m | €2.8m | €2.9m | €3.0m | €5.9m | ▲ 94.5% |
| Trade receivables40 | €8,376 | €925 | €1,271 | €756 | - | - |
| Other amounts receivable41 | €2.7m | €2.8m | €2.9m | €3.0m | €5.9m | ▲ 94.6% |
| Cash at bank and in hand54/58 | €242 | €53 | - | - | - | - |
| Deferred charges and accrued income490/1 | €2,897 | €9,432 | €27,910 | €25,326 | €15,961 | ▼ 37.0% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €2.9m | €2.9m | €3.1m | €3.2m | €5.9m | ▲ 83.8% |
| Equity10/15 | €2.8m | €2.9m | €3.1m | €3.2m | €5.3m | ▲ 67.2% |
| Contributions10/11 | €1.2m | €1.2m | €1.2m | €1.2m | €1.2m | = |
| Capital10 | €1.2m | €1.2m | €1.2m | €1.2m | €1.2m | = |
| Issued capital100 | €1.2m | €1.2m | €1.2m | €1.2m | €1.2m | = |
| Reserves13 | €482,827 | €482,827 | €482,827 | €482,827 | €482,827 | = |
| Non-distributable reserves130/1 | €158,705 | €158,705 | €158,705 | €158,705 | €158,705 | = |
| Legal reserve130 | €124,000 | €124,000 | €124,000 | €124,000 | €124,000 | = |
| Other1319 | €34,705 | €34,705 | €34,705 | €34,705 | €34,705 | = |
| Tax-exempt reserves132 | €188,122 | €188,122 | €188,122 | €188,122 | €188,122 | = |
| Distributable reserves133 | €136,000 | €136,000 | €136,000 | €136,000 | €136,000 | = |
| Profit (loss) carried forward14 | €1.1m | €1.2m | €1.3m | €1.4m | €3.6m | ▲ 147% |
| Amounts payable17/49 | €16,195 | €13,484 | €12,379 | €26,670 | €576,312 | ▲ 2,061% |
| Amounts payable within one year42/48 | €16,195 | €13,484 | €12,379 | €26,670 | €573,627 | ▲ 2,051% |
| Trade debts44 | €16,195 | €13,410 | €11,061 | €26,359 | €23,154 | ▼ 12.2% |
| Suppliers440/4 | €16,195 | €13,410 | €11,061 | €26,359 | €23,154 | ▼ 12.2% |
| Taxes, remuneration and social security45 | - | €74 | €1,317 | €311 | €550,473 | ▲ 176,884% |
| Taxes450/3 | - | €74 | €1,317 | €311 | €490,473 | ▲ 157,593% |
| Remuneration and social security454/9 | - | - | - | - | €60,000 | - |
| Accrued charges and deferred income492/3 | - | - | - | - | €2,685 | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €4,951 | €65,231 | €140,869 | €116,260 | €2.1m | ▲ 1,731% |
| + Depreciation and write-downs630 | €55,218 | €11,428 | €7,985 | €11,503 | €21,422 | ▲ 86.2% |
| Operating cash flow (approximation) | €60,169 | €76,659 | €148,854 | €127,763 | €2.2m | ▲ 1,583% |
| Investment in fixed assets (approximation) | - | -€4,221 | -€34,125 | -€28,436 | - | - |
| Change in cash | - | -€189 | - | - | - | - |
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
06-07
State Gazette act
Reappointment: Lamcy BV (director)Permanent representative: Bruno Lambrecht3 facts ▸
State Gazette act
Reappointment: Lamcy BV (director)
Permanent representative: Bruno Lambrecht3 facts ▸
- General meeting, 26-05-2026
- Director reappointment, Lamcy BV (director)
- Permanent representative, Bruno Lambrecht (representative)
29-05
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
31-12
Financial
Highest result since 2018net €2.1m ▲1,731%
Operating result €2.6m, net result €2.1m, both a record.
31-12
Financial
Equity above €5mEq €5.3m ▲67.2%
5 profitable years in a row build equity to €5.3m.
17-06
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
02-07
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
29-08
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 29 days late
2022
22-08
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 22 days late
2021
31-12
Financial
Back to profitnet €4,951
Net result €4,951 after 3 loss-making years.
31-12
Financial
Liquidity times 11current ratio 169.17
Current ratio from 15.93 to 169.17; short-term debt falls from €179,255 to €16,195.
03-06
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
31-12
Financial
Liquidity triplescurrent ratio 15.93
Current ratio from 4.88 to 15.93; short-term debt falls from €676,142 to €179,255.
Show earlier events
29-06
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
04-07
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
04-06
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
15-06
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 23 acts read
About the unread acts
Of the 23 Belgian State Gazette acts we know for this company, 1 has been read. The other 22 have not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 director
Board 1
Lamcy BV
CurrentDirector · Legal entity · perm. rep.: Bruno Lambrecht
Permanent representatives 1
Bruno Lambrecht
CurrentPermanent representative · for Lamcy BV
Derived from published Gazette acts. The CBE keeps the official list of function holders; we do not read it, so the two can differ.
See the function holders in the CBE →
Not every act has been read: a resignation may be missing here
22 of this company's 23 Belgian State Gazette acts have not been read yet. Appointments and resignations recorded in them are missing above: a director who resigned there may therefore still show here as sitting. The acts are in the Timeline.
Location & real-estate footprint
Registered office, Oudergem · 1 establishment unit since 1964
Ground area
2.6 ha
Building footprint
5,977 m²
Volume, LiDAR
46,444 m³
2 parcels, Brussels, Flanders · tallest building 25.8 m, ±5 floors. Linked by address, not a title deed.
57
companies at this address
See who is registered here
1 establishment unit
BUILDINX
since 19642.007.477.950
2 parcels
Flanders
1
(50%)
Brussels
1
(50%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 36012B0042/00C000 | Flanders | 2.0 ha | 1 · 4,460 m² | 9.4 m · 2 fl. |
| 21332B0498/00B000 | Brussels | 5,641 m² | 1 · 1,517 m² | 25.8 m · 5 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.
Mandate history
1 person since 2026, 1 in office
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| Lamcy BV |
|
Structure & network
Part of the group
ACKERMANS & VAN HAAREN
118 companies
Group, risk and exposure
Owners and holdings
1 ownerChain of control
- ACKERMANS & VAN HAAREN
- AANNEMINGSMAATSCHAPPIJ CFE
- CFE CONTRACTING
- GROEP TERRYN
- Groep Terryn Construct
Highest known parent: ACKERMANS & VAN HAAREN. The sources do not say who stands above it.
Owners 1
- GROEP TERRYNparent100%
Holdings 0
No holding stated in the accounts, acts or LEI register we read.
According to the annual accounts of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
1 current directorThe network starts from this company’s directors. Other companies they run appear here as nodes.
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Of 105 companies in sector 16210 we hold annual accounts for 75. 40 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded01-01-1968
Fiscal year end31-12
Activities, NACEBEL 2025
16210Manufacture of wood and of products of wood and cork, except furniture; manufacture of articles of straw and plaiting materials
41003General construction of other non-residential buildings
41001General construction of residential buildings
43120Site preparation
43230Insulation installation
43343Specialised construction activities
43410Roofing work
E-invoicing
Reachable via Peppol
Peppol ID
0208:0402755381
Also
9925:BE0402755381
Registered
03-10-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.