RD Terryn
ActiveSummary
The computed 12-month bankruptcy probability of RD Terryn is 2.5% (moderate). The annual accounts of RD Terryn for fiscal year 2025 show a net loss of 59% of the equity at the start of that year. The 2025 annual accounts show equity of €10,759 and a net result of -€15,313. Equity is shrinking by ~25.5% per year and would, assuming unchanged policy, indicatively turn negative around fiscal year 2026. Its solvency ranks better than 13% of 28806 sector peers (fiscal year 2025). The company has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals.
Overview
What they do
Joinery installation
NACE 43320
1 site
How big
€143,069total assets 2025
- Equity
- €10,759
- Loss
- -€15,313
Turnover not published (abridged schema)
Who decides
Accounts 2 d early
Why 34- Limited track record- Higher-failure-rate sector- Annual accounts: weaker financial profile- Persistent losses- Weak solvency vs sectorLatest accounts filed on timeShow the evidence
Checked score
Score 2025
Axes · tick = 2024
Profitability34▲+31
Solvency33▼-5
Growth32=
Track record100
Bankruptcy probability, 12 months
2.5%
Moderate
0%0.5%1.5%4%10%≥ 25%
No publishable credit limit; credit only on tighter terms
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity short (current ratio 0.97 against 1.07 in 2024; short-term debt: 82.3% and cash: 1.4% of total assets), and 92.5% of the assets are financed with debt.
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Six signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
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 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← 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 2025Solvency, return and age of the figures
Solvency
7.5%
Return on assets
-10.7%
Age of the figures
12 mo
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
202122232425
2020 to 2025 · latest year -€15,313
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 13% of 28806 sector peers (2025).
NBB · sector comparisonPosition among 28806 sector peers
Solvency
better than 13%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 28-04-2026, 2 days ahead of the deadline.
NBB · 6 filingsDeviation from the deadline
2025
2 d early
2024
5 d early
2023
4 d early
2022
2 d early
2021
1 d early
2020
2 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 3 days before the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today. Usually files around 28 April (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
30-09-2026 close01-10-2026 today30-04-2027 deadline
- Annual accounts filedfiscal year 2025 · micro…
- Annual accounts filedfiscal year 2024 · micro…
- Weakest financial yearnet -€25,218
Financials
Fiscal year 2025Total assets €143,069Loss -€15,313Solvency 7.5%Liquidity 0.97
Total assets
€143,069▼ 26.3%
2020 - 2025
Net result
-€15,313▲ 39.3%
2020 - 2025
Equity
€10,759▼ 58.7%
2020 - 2025
Staff (FTE)
0.2▼ 71.4%
2023 - 2024
Financials · fiscal year 2025, micro schema
Trend over the years
Trend over the years
In euros
In per cent
Ratio
In full-time equivalents (FTE)
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
In full-time equivalents (FTE)
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 43, Specialised construction 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), Staff (FTE).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€19,704▼ 72.2%€5,027▼ 74.5%-€12,896-€19,492▼ 51.2%-€4,085▲ 79.0%
Net result€11,835within the sector's middle half▼ 76.3%-€205below the sector's middle half-€15,263below the sector's middle half▼ 7,346%-€25,218below the sector's middle half▼ 65.2%-€15,313below the sector's middle half▲ 39.3%
Equity€66,758within the sector's middle half▲ 21.5%€66,553within the sector's middle half▼ 0.3%€51,290within the sector's middle half▼ 22.9%€26,072within the sector's middle half▼ 49.2%€10,759below the sector's middle half▼ 58.7%
Total assets€279,369within the sector's middle half▲ 28.0%€223,902within the sector's middle half▼ 19.9%€191,036within the sector's middle half▼ 14.7%€194,254within the sector's middle half▲ 1.7%€143,069within the sector's middle half▼ 26.3%
Debt€212,611▲ 30.1%€157,349▼ 26.0%€139,745▼ 11.2%€168,181▲ 20.3%€132,310▼ 21.3%
Working capital-€16,447below the sector's middle half€61,306within the sector's middle half€30,935within the sector's middle half▼ 49.5%€10,570within the sector's middle half▼ 65.8%-€3,283below the sector's middle half
Solvency23.9%within the sector's middle half▼ 1.3pp29.7%within the sector's middle half▲ 5.8pp26.8%within the sector's middle half▼ 2.9pp13.4%below the sector's middle half▼ 13.4pp7.5%below the sector's middle half▼ 5.9pp
Current ratio0.90below the sector's middle half▼ 0.321.54within the sector's middle half▲ 0.651.28within the sector's middle half▼ 0.261.07below the sector's middle half▼ 0.210.97below the sector's middle half▼ 0.10
Return on assets (ROA)4.2%within the sector's middle half▼ 18.6pp-0.1%below the sector's middle half▼ 4.3pp-8.0%below the sector's middle half▼ 7.9pp-13.0%below the sector's middle half▼ 5.0pp-10.7%below the sector's middle half▲ 2.3pp
Staff (FTE)0.70.2▼ 71.4%
above
within
below
the middle half (P25 to P75) of NACE 43, Specialised construction 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 and balance sheet
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €4,085 in 2025 against €19,492 in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €143,069
Fixed assets
€28,569 ▼ 23.2%
Current assets
€114,500 ▼ 27.1%
Equity and liabilities €143,069
Equity
€10,759 ▼ 58.7%
Debt
€132,310 ▼ 21.3%
Debt's share of the balance-sheet total rises from 86.6% to 92.5%. Equity and debt are lower.
Key figures and ratios
Key figures and ratios
EBITDA
€4,523▲
2024 · -€5,163
Cash flow
-€6,705▲
2024 · -€10,889
Quick ratio
0.84▲
2024 · 0.82
Debt to equity
12.30▲
2024 · 6.45
ROE
-142.3%▼
2024 · -96.7%
Interest coverage
3.44▲
2024 · -1.15
Debt ≤ 1 year
€117,783▼
2024 · €146,507
Debt > 1 year
€12,845▼
2024 · €20,080
Income taxes
€302▲
2024 · €295
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 646 companies that looked in July 2024 the way this one looks now, 7.3% went bankrupt within 24 months and 86% are still going.
- Micro
- 5 to 10 years old
- solvency under 10%
- a loss of 10% of the balance sheet or more
7.3%
went bankrupt
5.9%
stopped otherwise
86%
still going
A further 1.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 2.5% 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 497,341 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 646 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.
Filed annual accounts
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | €32,305 | €13,130 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €12,042 | €13,620 | €14,487 | €14,329 | €8,608 | ▼ 39.9% |
| Other operating charges640/8 | €1,182 | €967 | €2,152 | €1,604 | €4,271 | ▲ 166% |
| Gross operating margin9900 | €32,929 | €19,614 | €36,048 | €9,571 | €8,794 | ▼ 8.1% |
| Operating profit (loss)9901 | €19,704 | €5,027 | -€12,896 | -€19,492 | -€4,085 | ▲ 79.0% |
| Financial income75/76B | €1 | €75 | €1,044 | €84 | €1,413 | ▲ 1,574% |
| Recurring financial income75 | €1 | €75 | €968 | €84 | €119 | ▲ 41.0% |
| Non-recurring financial income76B | - | - | €76 | - | €1,294 | - |
| Financial charges65/66B | €2,126 | €2,646 | €3,129 | €5,515 | €12,338 | ▲ 124% |
| Recurring financial charges65 | €2,126 | €2,646 | €1,749 | €4,499 | €1,315 | ▼ 70.8% |
| Non-recurring financial charges66B | - | - | €1,381 | €1,016 | €11,023 | ▲ 985% |
| Profit (loss) for the period before taxes9903 | €17,579 | €2,456 | -€14,981 | -€24,923 | -€15,011 | ▲ 39.8% |
| Income taxes67/77 | €5,744 | €2,661 | €281 | €295 | €302 | ▲ 2.6% |
| Profit (loss) for the period9904 | €11,835 | -€205 | -€15,263 | -€25,218 | -€15,313 | ▲ 39.3% |
| Profit (loss) for the period to be appropriated9905 | €11,835 | -€205 | -€15,263 | -€25,218 | -€15,313 | ▲ 39.3% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €279,369 | €223,902 | €191,036 | €194,254 | €143,069 | ▼ 26.3% |
| Fixed assets21/28 | €137,977 | €49,916 | €51,506 | €37,177 | €28,569 | ▼ 23.2% |
| Intangible fixed assets21 | €808 | €708 | €608 | €508 | €408 | ▼ 19.7% |
| Tangible fixed assets22/27 | €62,169 | €49,207 | €50,898 | €36,669 | €28,160 | ▼ 23.2% |
| Land and buildings22 | €29,352 | €25,343 | €28,376 | €24,797 | €21,219 | ▼ 14.4% |
| Plant, machinery and equipment23 | €10,263 | €6,843 | €4,393 | €2,031 | €64 | ▼ 96.9% |
| Furniture and vehicles24 | €22,554 | €15,403 | €9,679 | €2,536 | €720 | ▼ 71.6% |
| Other tangible fixed assets26 | - | €1,618 | €8,450 | €7,304 | €6,158 | ▼ 15.7% |
| Financial fixed assets28 | €75,000 | - | - | - | - | - |
| Current assets29/58 | €141,392 | €173,987 | €139,529 | €157,077 | €114,500 | ▼ 27.1% |
| Amounts receivable after more than one year29 | - | €75,000 | €75,000 | €75,000 | €75,000 | = |
| Other amounts receivable291 | - | €75,000 | €75,000 | €75,000 | €75,000 | = |
| Stocks and contracts in progress3 | €42,934 | €31,009 | €22,186 | €37,218 | €15,148 | ▼ 59.3% |
| Stocks30/36 | €8,052 | €6,009 | €16,186 | €21,889 | €11,308 | ▼ 48.3% |
| Contracts in progress37 | €34,882 | €25,000 | €6,000 | €15,330 | €3,840 | ▼ 75.0% |
| Amounts receivable within one year40/41 | €65,167 | €53,440 | €36,756 | €41,608 | €20,296 | ▼ 51.2% |
| Trade receivables40 | €39,405 | €49,745 | €31,193 | €37,955 | €4,941 | ▼ 87.0% |
| Other amounts receivable41 | €25,762 | €3,695 | €5,563 | €3,653 | €15,355 | ▲ 320% |
| Cash at bank and in hand54/58 | €31,922 | €14,072 | €2,021 | €1,722 | €1,975 | ▲ 14.7% |
| Deferred charges and accrued income490/1 | €1,368 | €465 | €3,566 | €1,528 | €2,080 | ▲ 36.2% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €279,369 | €223,902 | €191,036 | €194,254 | €143,069 | ▼ 26.3% |
| Equity10/15 | €66,758 | €66,553 | €51,290 | €26,072 | €10,759 | ▼ 58.7% |
| Contributions10/11 | €5,000 | €5,000 | €5,000 | €5,000 | €5,000 | = |
| Reserves13 | €61,758 | €61,553 | €46,290 | €21,072 | €21,072 | = |
| Distributable reserves133 | €61,758 | €61,553 | €46,290 | €21,072 | €21,072 | = |
| Profit (loss) carried forward14 | - | - | - | - | -€15,313 | - |
| Amounts payable17/49 | €212,611 | €157,349 | €139,745 | €168,181 | €132,310 | ▼ 21.3% |
| Amounts payable after more than one year17 | €54,772 | €44,259 | €29,488 | €20,080 | €12,845 | ▼ 36.0% |
| Financial debts170/4 | €54,772 | €44,259 | €29,488 | €20,080 | €12,845 | ▼ 36.0% |
| Amounts payable within one year42/48 | €157,839 | €112,681 | €108,594 | €146,507 | €117,783 | ▼ 19.6% |
| Current portion of amounts payable after more than one year42 | €11,548 | €9,932 | €12,426 | €9,408 | €7,235 | ▼ 23.1% |
| Financial debts43 | €12,508 | - | - | - | - | - |
| Credit institutions430/8 | €12,508 | - | - | - | - | - |
| Trade debts44 | €123,176 | €96,654 | €63,987 | €103,556 | €100,839 | ▼ 2.6% |
| Suppliers440/4 | €123,176 | €96,654 | €63,987 | €103,556 | €100,839 | ▼ 2.6% |
| Advances received on contracts in progress46 | €0 | - | - | - | - | - |
| Taxes, remuneration and social security45 | €4,263 | €4,334 | €25,827 | €30,090 | €9,370 | ▼ 68.9% |
| Taxes450/3 | €4,263 | €4,334 | €16,492 | €30,090 | €9,370 | ▼ 68.9% |
| Remuneration and social security454/9 | - | - | €9,335 | - | - | - |
| Other amounts payable47/48 | €6,344 | €1,761 | €6,354 | €3,453 | €340 | ▼ 90.2% |
| Accrued charges and deferred income492/3 | - | €410 | €1,664 | €1,595 | €1,682 | ▲ 5.5% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €11,835 | -€205 | -€15,263 | -€25,218 | -€15,313 | ▲ 39.3% |
| + Depreciation and write-downs630 | €12,042 | €13,620 | €14,487 | €14,329 | €8,608 | ▼ 39.9% |
| Operating cash flow (approximation) | €23,877 | €13,415 | -€775 | -€10,889 | -€6,705 | ▲ 38.4% |
| Investment in fixed assets (approximation) | - | €74,442 | -€16,078 | €0 | €0 | - |
| Change in cash | - | -€17,850 | -€12,051 | -€299 | €253 | ▲ 185% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
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Of 20,017 companies in this sector we hold annual accounts for 9,142. 4,831 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Timeline
7 eventsLatest 28-04-2026Next filing 30-04-2027
History
Acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
28-04
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
25-04
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
30-09
Financial
Weakest financial yearnet -€25,218
Net result drops to -€25,218, the lowest in the series; recovery starts the following year.
26-04
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
28-04
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
29-04
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
28-04
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Company details
Private limited company · founded 21-11-2019Year ends 30-09Peppol reachable1 site
Register details
Identification
Legal formPrivate limited company
Founded21-11-2019
Fiscal year end30-09
Activities, NACEBEL 2025
43320Joinery installation
E-invoicing
Reachable via Peppol
Peppol ID
0208:0737928191
Also
9925:BE0737928191
Registered
17-07-2025
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.
Sites & property
Location & real-estate footprint
Registered office, Izegem · 1 establishment unit since 2019
Ground area
379 m²
Building footprint
102 m²
Volume, LiDAR
582 m³
Parcel 36494E0553/00Y000, Flanders · tallest building 9.6 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
RD Terryn
since 2019unit no. 2.296.056.613
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 36494E0553/00Y000 | Flanders | 379 m² | 1 · 102 m² | 9.6 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.
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