Result
€2.1m ▲ 18×
The result rose in 2025: mostly from a one-off income of €2.7m.
Groep Terryn Construct
Lifetime
19 annual accounts with figures on one time axis, 47 filings since 1978peak €14.6m (2016)
-not published
lowest -€510,520 (2018)
€2.1m▲ 18×
peak €5.3m (2025)
€5.3m▲ 67.2%
€576,312▲ 22×
peak 29.2 FTE (2008)
1 FTE
Board12 names since 2016
3 directorsTROREMA BV and 2 others
Owners4 names in the annual accounts
100%GROEP TERRYN and 1 other
Documentsfilings and deeds
29-05-202663 days before the deadline
2025financial year
Result from €116,260 to €2.1mReappointment: Bruno Lambrecht (director) 03-07Equity from €3.2m to €5.3mDebts from €26,670 to €576,312
Key points
from the 2025 annual accountsStaff
1 FTE from 29.2 in 2008
Between 2008 and 2025, 97% of the full-time equivalents disappeared. Contribution of a branch of activity to SPANBO, effective 06-08-2020.
Filings
47 annual accounts since 1978
Two of the last ten came late. The 2022 accounts came latest: 29 days after the end of the period.
At the same address
59 companies
Board
1 joined · 1 left
Board changed. Latest change 13-02-2026 · 2 in office.
Position in the sector
€2.1m
Higher net result than 95% of companies in wood and cork. Sector median €50,041 · 175 companies.
Checked score
87
Excellent
Financially stronger than 93% of micro companies in wood and cork (NACE 16)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.5% Low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.5% across 1,032 companies (NACE 16, micro).
About 5 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.2%lowest value
01-2025: 0.2%● unchanged vs 12-2024lowest value
02-2025: 0.2%● unchanged vs 01-2025lowest value
03-2025: 0.2%● unchanged vs 02-2025lowest value
04-2025: 0.3%▲ +0.1 percentage points vs 03-2025
05-2025: 0.3%● unchanged vs 04-2025
06-2025: 0.3%● unchanged vs 05-2025
07-2025: 0.2%▼ -0.1 percentage points vs 06-2025lowest value
08-2025: 0.2%● unchanged vs 07-2025lowest value
09-2025: 0.2%● unchanged vs 08-2025lowest value
10-2025: 0.2%● unchanged vs 09-2025lowest value
11-2025: 0.2%● unchanged vs 10-2025lowest value
12-2025: 0.2%● unchanged vs 11-2025lowest value
01-2026: 0.2%● unchanged vs 12-2025lowest value
02-2026: 0.2%● unchanged vs 01-2026lowest value
03-2026: 0.6%▲ +0.4 percentage points vs 02-2026
04-2026: 0.7%▲ +0.1 percentage points vs 03-2026
05-2026: 0.8%▲ +0.1 percentage points vs 04-2026
06-2026: 0.8%● unchanged vs 05-2026highest value
07-2026: 0.5%▼ -0.3 percentage points vs 06-2026
08-2026: 0.5%● unchanged vs 07-2026
09-2026: 0.5%● unchanged vs 08-2026
10-2026: 0.5%● unchanged vs 09-2026
11-2026: 0.5%● unchanged vs 10-2026
Financial strengthStrong
Score breakdown
raises risk
Liquidity: current ratio 10.24
1 change of registered office in 24 months
lowers risk
Founded in 1968
Size: 1 FTE, total assets €5.9m
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 16, micro). It does better than 90% of them on solvency, 98% on liquidity, 95% on profitability and 88% on growth.
The bankruptcy probability was computed on 09-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the low class on 30-06-2025, 0.8% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 31,368 companies had the same profile as Groep Terryn Construct has now. Each dot stands for 79 companies, two years later.
93.5%
were still trading
5.9%
stopped another way
0.5%
went bankrupt
Another 0.1% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of Groep Terryn Construct itself: 0.5% within 12 months.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% | 0.9% |
| 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% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 31,368 companies, not a prediction for Groep Terryn Construct. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
Credit of up to €460,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 10.24, above the usual 1.5. Short-term debt is 9.8% of total assets. 9.8% of the assets are financed with debt and provisions.
Credit check for an amount and term of your choice
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Six signals.
lowers riskraises riskneutral
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 days early
2024
44 days early
2023
29 days early
2022
29 days late
2021
22 days late
2020
58 days early
2019
32 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 25 days before the deadline. In the sector (NACE 16), the median for financial year 2024 was 3 days before the deadline, and 37% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 3 July (4 of the last 5 accounts filed within 50 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
09-11-2026 today31-12-2026 year end31-07-2027 deadline
Board and ownership
TB
TROREMA BV
Director, Raymund Trost, since 19-08-2022
- GROEP TERRYN 100%score 50equity €815,784 (2025) · 2025 annual accounts of GROEP TERRYN
Recent changes
Reappointment: Lamcy BV (director)
Permanent representative: Bruno Lambrecht · General meeting of 26-05-2026 · Gazette deed
Registered office moved from Moorslede to Brussels
New registered office: Edmond Van Nieuwenhuyselaan 30, 1160 Brussel · Previous registered office: Breulstraat 111, 8890 Moorslede · Resignation: Bruno Lambrecht (director) · Board meeting of 05-01-2026 · Gazette deed
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0402755381
Reappointment: Bruno Lambrecht (director)
General meeting of 27-05-2025 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| Groep Terryn Construct Auderghem | €5.9m | - | 90.2% | 1 |
| Houtbedrijf Van Laer en Co. Malle | €5.3m | €0.5m | 98.4% | 2.8 |
| DETAFORM Menen | €12.9m | - | 42.3% | 1 |
| LINOPAN INDUSTRIES Kortrijk | €2.0m | €0.1m | 46.7% | 0 |
| Sonalex Waregem | €7.0m | €0.8m | 48.4% | 6 |
| VEWOOD Mechelen | €7.0m | €1.2m | 64.1% | 5 |
| Exobois Sint-Pieters-Leeuw | €2.9m | €0.3m | 18.8% | 6 |
These companies have the same main activity as Groep Terryn Construct: manufacture of wood and of products of wood and cork, except furniture; manufacture of articles of straw and plaiting materials (NACE 16210). They are comparable in size and age: total assets between €2m and €13m, founded between 1950 and 1994.
Official details
Source: KBO- Status
- ActiveNormal situation
- Registered office
- 60 active companies are registered at this addressSource: KBO register, as of 9 November 2026.
- Activity
- Manufacture of wood and of products of wood and cork, except furniture; manufacture of articles of straw and plaiting materialsNACE 16210and 5 others
- Establishment unit
- 2.007.477.9508890 Moorslede, since 01-02-1964
- Financial year end
- 31 December
- Peppol
- Reachable since 03-10-2025
Annual accounts 2025
- €5.9m▲ 83.8%
- Employeeson 31-12-2025
- 1=
- Filing
- Filed on 29-05-2026, 63 days before the end of the filing period
Companies linked to Groep Terryn Construct
Parent and group
Insights on Groep Terryn Construct
Groep Terryn Construct has existed since 1968. Turnover fell from €14.6m in 2016 to €4.3m in 2017.
Solvency fell in 2025 from 99.2% to 90.2%.
GROEP TERRYN holds all the shares.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about Groep Terryn Construct
- What is the company number of Groep Terryn Construct?
- The company number of Groep Terryn Construct is 0402.755.381. The VAT number is the same number with BE in front: BE 0402.755.381.
- Where is Groep Terryn Construct based?
- The registered office is at Edmond Van Nieuwenhuyselaan 30, 1160 Auderghem.Company details
- What does Groep Terryn Construct do?
- According to the KBO register, the main activity is manufacture of wood and of products of wood and cork, except furniture; manufacture of articles of straw and plaiting materials (NACE 16210).
- What is the legal form of Groep Terryn Construct?
- Groep Terryn Construct is a public limited company (NV).
- When was Groep Terryn Construct founded?
- Groep Terryn Construct was founded on 01-01-1968.
- Is Groep Terryn Construct still active?
- Yes, Groep Terryn Construct is an active enterprise in the KBO register.
- How many employees does Groep Terryn Construct have?
- Groep Terryn Construct had an average of 1 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- What is the turnover of Groep Terryn Construct?
- The annual accounts for financial year 2025 state no turnover. In financial year 2021 turnover was €4.4m.
- Is Groep Terryn Construct profitable?
- In financial year 2025, Groep Terryn Construct made a profit of €2.1m.
- Where can I find the annual accounts of Groep Terryn Construct?
- Groep Terryn Construct filed 47 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of Groep Terryn Construct due?
- Groep Terryn Construct must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
Work out how much credit to give this customer and on what payment terms.Credit check Check what to know before you do business with this company.Supplier due diligence Check whether you can accept this company as a client under the anti-money-laundering law.AML client file Check which of your other customers you can e-invoice via Peppol.Peppol check See the other companies in the same group.ACKERMANS & VAN HAAREN · 247 companies Compare this company with its sector.Sector benchmark
See how customers, suppliers and banks see your own company and what to improve first.