NOUVEAUX ETS TERWAGNE
ActiveNOUVEAUX ETS TERWAGNE has been active since 1995 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €181k and a net result of €-5k. Equity is growing by ~8.5% per year across the filed fiscal years. Its solvency ranks better than 74% of 26043 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2024
76
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability67▼-4
Solvency86▼-1
Growth78=
Track record100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €13k at 30 days acceptable
Liquidity ample (current ratio 2.1 against 2.05 in 2023; short-term debt: 30.4% of total assets), and 38.7% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six 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
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
Sector 47
higher
← fewer bankruptcies
more bankruptcies →
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
61.3%
Return on assets
-1.7%
Age of the figures
21 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 17-06-2025, 44 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
44 d early
2023
42 d early
2022
35 d early
2021
30 d early
2020
22 d early
2019
39 d early
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€-5k
2023 · €5k
2018: €-8k
2019: €24k
2020: €24k
2021: €25k
2022: €6k
2023: €5k
2018 → 2024
Working capital
€98k▲ 13.9%
2023 · €86k
2018: €-667
2019: €42k
2020: €74k
2021: €94k
2022: €88k
2023: €86k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€150k-€175k▲ 16.4%€181k▲ 3.5%€186k▲ 2.8%€181k▼ 2.7%
Operating result€35k-€35k▼ 0.7%€13k▼ 62.3%€16k▲ 24.2%€213▼ 98.7%
Net result€24k-€25k▲ 4.2%€6k▼ 75.1%€5k▼ 17.6%€-5k
Result per fiscal year
Operating resultNet result
The operating result falls in 2024; 2024 is 99% below 2023 and is the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €294k
Fixed assets
€107k▼ 19.1%
Current assets
€188k▲ 11.4%
Equity and liabilities €294k
Equity
€181k▼ 2.7%
Debt
€114k▼ 0.8%
The debt ratio rises from 38.2% to 38.7%. Equity and debt are lower.
Key figures and ratios
EBITDA
€24k▼
2023 · €42k
Cash flow
€18k▼
2023 · €31k
Solvency
61.3%▼
2023 · 61.8%
Current ratio
2.10▲
2023 · 2.05
Quick ratio
0.98▲
2023 · 0.83
Debt / equity
0.63▲
2023 · 0.62
ROE
-2.8%▼
2023 · 2.7%
ROA
-1.7%▼
2023 · 1.7%
Interest coverage
8.15▼
2023 · 13.03
Debt
€114k▼
2023 · €115k
Debt ≤ 1 year
€89k▲
2023 · €82k
Debt > 1 year
€19k▼
2023 · €32k
Income taxes
€3k▼
2023 · €4k
Staff costs
€3k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€300k€294k▼
Fixed assets21/28€132k€107k▼
Tangible fixed assets22/27€113k€89k▼
Land and buildings22€36k€32k▼
Plant, machinery and equipment23€3k€3k▼
Furniture and vehicles24€9k€7k▼
Leasing and similar rights25€64k€48k▼
Financial fixed assets28€19k€17k▼
Current assets29/58€168k€188k▲
Stocks and contracts in progress3€100k€100k=
Stocks30/36€100k€100k=
Amounts receivable within one year40/41€21k€22k▲
Trade receivables40€17k€19k▲
Other amounts receivable41€3k€4k▲
Current investments50/53-€54k
Cash at bank and in hand54/58€35k-
Deferred charges and accrued income490/1€13k€11k▼
Equity and liabilities
Total equity and liabilities10/49€300k€294k▼
Equity10/15€186k€181k▼
Contributions10/11€28k€28k=
Reserves13€24k€24k=
Distributable reserves133€24k€24k=
Profit (loss) carried forward14€134k€129k▼
Amounts payable17/49€115k€114k▼
Amounts payable after more than one year17€32k€19k▼
Financial debts170/4€32k€19k▼
Amounts payable within one year42/48€82k€89k▲
Current portion of amounts payable after more than one year42€16k€13k▼
Trade debts44€57k€66k▲
Suppliers440/4€57k€66k▲
Taxes, remuneration and social security45€9k€10k▲
Taxes450/3€9k€10k▲
Accrued charges and deferred income492/3€426€5k▲
Income statement
Code20232024
Remuneration, social security and pensions62-€3k
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€26k€23k▼
Other operating charges640/8€5k€5k▲
Gross operating margin9900€48k€31k▼
Operating profit (loss)9901€16k€213▼
Financial income75/76B€282€342▲
Recurring financial income75€169€194▲
Non-recurring financial income76B€113€148▲
Financial charges65/66B€8k€3k▼
Recurring financial charges65€3k€3k▼
Non-recurring financial charges66B€5k€14▼
Profit (loss) for the period before taxes9903€9k€-2k▼
Income taxes67/77€4k€3k▼
Profit (loss) for the period9904€5k€-5k▼
Profit (loss) for the period to be appropriated9905€5k€-5k▼
Appropriation of the result
Profit (loss) to be appropriated9906€134k€129k▼
Profit (loss) brought forward from the previous period14P€129k€134k▲
The notes to these accounts (13 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
17-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
19-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
26-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
01-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Highest result since 2018net €25k ▲4.2%
Net result €25k, the highest in the series.
31-12
Financial
Equity above €150kEq €175k ▲16.4%
3 profitable years in a row build equity to €175k.
09-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
22-06
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
31-12
Financial
Back to profitnet €24k
Net result €24k after one loss-making year.
05-07
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
28-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
22-06
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
2016
25-06
NBB filing
Annual accounts filed
fiscal year 2015 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
4 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Philippeville · 1 establishment unit since 1995
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Bd du Centenaire 1C5600 Philippeville1 establishment unit
Bd du Centenaire 1, 5600 Philippeville
since 19952.074.193.956
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VANDEN EYNDE en Zoon
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BE 0439.888.862
Boussu · Eq €181k
ORBITAL
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ELECTRO RIEMST
BE 0746.773.801
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ELECTRO HENRI DEVOLDER
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Of 1,510 companies in sector 47540 we hold annual accounts for 805. 662 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded29-11-1995
Fiscal year end31-12
Activities, NACEBEL
47525Retail trade
47540Retail sale of electrical household appliances
52450
47521Retail sale of hardware, building materials, paint and glass (general range)
52462
Sources
Crossroads Bank for EnterprisesNational Bank · 29 filings
Data from official sources, last processed on 22-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
2 entriesE-mail:info@terwagnesprl.com
E-mail:info@terwagnesrl.com