ROBERT TERMOTE
ActiveFinancials · financial year 2025, abbreviated format
2025 annual accounts filed 14 days after the deadline Filed on 14 February 2026, deadline 31 January 2026 (7 months after the close on 30 June 2025, Companies Code art. 3:10). Source: NBB, 2026-00038513.
Annual accounts 2025 filed on 14-02-2026 PDF all 37 filings
Turnover
≈ €410,000
Estimated: probably between €350,000 and €570,000
Total assets
€441,898▲ 7.0%
2024 · €412,990
Net result
€13,398▼ 73.4%
2024 · €50,417
Working capital
€349,600▲ 4.8%
2024 · €333,488
In the rankings
#7 oldest company in Kortrijk, Transport and storage sector
Multi-year overview
2019 to 2025, 7 financial yearsOperating result
€17,596
▼ 65.6%
2025
20192025
Net result
€13,398
▼ 73.4%
2025
middle half of the sector
20192025
Equity
€376,251
▲ 3.7%
2025
middle half of the sector
20192025
Total assets
€441,898
▲ 7.0%
2025
middle half of the sector
20192025
Debt
€65,647
▲ 30.9%
2025
20192025
Working capital
€349,600
▲ 4.8%
2025
highest quarter of the sector
20192025
Solvency
85.1%
▼ 2.7pp
2025
highest quarter of the sector
20192025
Current ratio
6.33
▼ 1.33
2025
highest quarter of the sector
20192025
Return on assets (ROA)
3.0%
▼ 9.2pp
2025
middle half of the sector
20192025
Staff (FTE)
2
=
2025
lowest quarter of the sector
20192025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line2019202020212022202320242025
Operating result-€19,554--€8,924▲ 54.4%€544€1,622▲ 198%-€9,367€51,086€17,596▼ 65.6%
Net result-€20,352--€10,395below the sector's middle half▲ 48.9%-€83below the sector's middle half▲ 99.2%€114below the sector's middle half-€10,182below the sector's middle half€50,417within the sector's middle half€13,398within the sector's middle half▼ 73.4%
Equity€332,983-€322,589within the sector's middle half▼ 3.1%€322,506within the sector's middle half=€322,619within the sector's middle half=€312,437within the sector's middle half▼ 3.2%€362,854within the sector's middle half▲ 16.1%€376,251within the sector's middle half▲ 3.7%
Total assets€385,375-€370,287below the sector's middle half▼ 3.9%€389,594below the sector's middle half▲ 5.2%€384,043below the sector's middle half▼ 1.4%€364,004below the sector's middle half▼ 5.2%€412,990below the sector's middle half▲ 13.5%€441,898within the sector's middle half▲ 7.0%
Debt€46,272-€47,698▲ 3.1%€67,088▲ 40.7%€61,424▼ 8.4%€51,566▼ 16.0%€50,136▼ 2.8%€65,647▲ 30.9%
Working capital€231,386-€252,905within the sector's middle half▲ 9.3%€282,981within the sector's middle half▲ 11.9%€304,419within the sector's middle half▲ 7.6%€312,603within the sector's middle half▲ 2.7%€333,488within the sector's middle half▲ 6.7%€349,600above the sector's middle half▲ 4.8%
Solvency86.4%-87.1%above the sector's middle half▲ 0.7pp82.8%above the sector's middle half▼ 4.3pp84.0%above the sector's middle half▲ 1.2pp85.8%above the sector's middle half▲ 1.8pp87.9%above the sector's middle half▲ 2.0pp85.1%above the sector's middle half▼ 2.7pp
Current ratio6.00-6.30above the sector's middle half▲ 0.305.55above the sector's middle half▼ 0.755.96above the sector's middle half▲ 0.407.08above the sector's middle half▲ 1.137.65above the sector's middle half▲ 0.576.33above the sector's middle half▼ 1.33
Return on assets (ROA)-5.3%--2.8%below the sector's middle half▲ 2.5pp0.0%below the sector's middle half▲ 2.8pp0.0%below the sector's middle half▲ 0.1pp-2.8%below the sector's middle half▼ 2.8pp12.2%above the sector's middle half▲ 15.0pp3.0%within the sector's middle half▼ 9.2pp
Staff (FTE)2-2below the sector's middle half=2below the sector's middle half=2below the sector's middle half=2below the sector's middle half=2below the sector's middle half=2below the sector's middle half=
above
within
below
The sector band is the middle half of the companies in Land transport and transport via pipelines (NACE 49). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.
The operating result for 2025 is 66% lower than in 2024.
Turnover and EBIT margin are not published. The abbreviated format does not require them. The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €441,898
Fixed assets
€26,652 ▼ 9.2%
Current assets
€415,246 ▲ 8.2%
Equity and liabilities €441,898
Equity
€376,251 ▲ 3.7%
Debt
€65,647 ▲ 30.9%
Debt's share of the balance-sheet total rises from 12.1% to 14.9%. Equity and debt are higher.
Key figures and ratios
EBITDA
€24,695▼
2024 · €53,332
Cash flow
€20,497▼
2024 · €52,662
Debt to equity
0.17▲
2024 · 0.14
ROE
3.6%▼
2024 · 13.9%
Interest coverage
27.91▼
2024 · 67.18
Debt ≤ 1 year
€65,647▲
2024 · €50,136
Income taxes
€4,809▲
2024 · €2
Staff costs
€136,808▼
2024 · €137,648
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Staff
| Item | 30-06-2022 | 30-06-2023 | 30-06-2024 | 30-06-2025 |
|---|---|---|---|---|
| Employees at the balance-sheet date | 2 | 2 | 2 | 2 |
| full-time | 2 | 2 | 2 | 2 |
| in full-time equivalents | 2 | 2 | 2 | 2 |
| Average over the year, in full-time equivalents | 2 | 2 | 2 | 2 |
| On a permanent contract | 2 | 2 | 2 | 2 |
Source: social balance sheet in the 2022 to 2025 annual accounts
Investments
| Item | 30-06-2022 | 30-06-2023 | 30-06-2024 | 30-06-2025 |
|---|---|---|---|---|
| Tangible fixed assets | - | - | €31,612 | €4,385 |
| Depreciation and write-downs of the year | €26,259 | €18,200 | €2,246 | €7,099 |
Source: notes to the 2022 to 2025 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | - | €143,152 | €132,970 | €137,648 | €136,808 | ▼ 0.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €52,842 | €39,063 | €25,522 | €26,259 | €18,200 | €2,246 | €7,099 | ▲ 216% |
| Other operating charges640/8 | - | - | - | €1,531 | €1,535 | €2,089 | €3,134 | ▲ 50.0% |
| Gross operating margin9900 | €162,849 | €155,597 | €161,937 | €172,564 | €143,337 | €193,069 | €164,637 | ▼ 14.7% |
| Operating profit (loss)9901 | -€19,554 | -€8,924 | €544 | €1,622 | -€9,367 | €51,086 | €17,596 | ▼ 65.6% |
| Financial income75/76B | - | - | - | €170 | €379 | €126 | €1,496 | ▲ 12× |
| Recurring financial income75 | €138 | €558 | €248 | €170 | €379 | €126 | €1,496 | ▲ 12× |
| Financial charges65/66B | - | - | - | €1,677 | €1,194 | €794 | €885 | ▲ 11.4% |
| Recurring financial charges65 | €935 | €2,029 | €875 | €1,677 | €1,194 | €794 | €885 | ▲ 11.4% |
| Profit (loss) for the period before taxes9903 | -€20,352 | -€10,395 | -€83 | €114 | -€10,182 | €50,419 | €18,207 | ▼ 63.9% |
| Income taxes67/77 | - | - | - | - | - | €2 | €4,809 | ▲ 2,405× |
| Profit (loss) for the period9904 | -€20,352 | -€10,395 | -€83 | €114 | -€10,182 | €50,417 | €13,398 | ▼ 73.4% |
| Profit (loss) for the period to be appropriated9905 | -€20,352 | -€10,395 | -€83 | €114 | -€10,182 | €50,417 | €13,398 | ▼ 73.4% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €385,375 | €370,287 | €389,594 | €384,043 | €364,004 | €412,990 | €441,898 | ▲ 7.0% |
| Fixed assets21/28 | €107,717 | €69,684 | €44,459 | €18,200 | - | €29,366 | €26,652 | ▼ 9.2% |
| Tangible fixed assets22/27 | €107,717 | €69,684 | €44,459 | €18,200 | - | €29,366 | €26,652 | ▼ 9.2% |
| Plant, machinery and equipment23 | - | - | - | - | - | - | €3,608 | - |
| Furniture and vehicles24 | - | - | - | €18,200 | - | €29,366 | €23,044 | ▼ 21.5% |
| Current assets29/58 | €277,658 | €300,603 | €345,135 | €365,843 | €364,004 | €383,624 | €415,246 | ▲ 8.2% |
| Amounts receivable within one year40/41 | €108,022 | €65,483 | €73,097 | €116,551 | €74,907 | €81,639 | €81,187 | ▼ 0.6% |
| Trade receivables40 | - | - | - | €98,377 | €68,208 | €81,606 | €81,187 | ▼ 0.5% |
| Other amounts receivable41 | - | - | - | €18,174 | €6,699 | €33 | - | - |
| Current investments50/53 | €117,119 | €117,062 | €137,068 | €132,383 | €134,839 | €207,580 | €208,399 | ▲ 0.4% |
| Cash at bank and in hand54/58 | €42,721 | €115,372 | €129,195 | €112,246 | €149,439 | €86,424 | €125,028 | ▲ 44.7% |
| Deferred charges and accrued income490/1 | - | - | - | €4,664 | €4,819 | €7,981 | €633 | ▼ 92.1% |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €385,375 | €370,287 | €389,594 | €384,043 | €364,004 | €412,990 | €441,898 | ▲ 7.0% |
| Equity10/15 | €332,983 | €322,589 | €322,506 | €322,619 | €312,437 | €362,854 | €376,251 | ▲ 3.7% |
| Contributions10/11 | €24,789 | €24,789 | - | €24,789 | €24,789 | €24,789 | €24,789 | = |
| Reserves13 | €347,554 | €347,554 | €347,554 | €347,554 | €347,554 | €347,554 | €347,554 | = |
| Non-distributable reserves130/1 | - | - | - | €2,479 | €2,479 | €2,479 | €2,479 | = |
| Reserves not available under the articles1311 | - | - | - | €2,479 | €2,479 | €2,479 | €2,479 | = |
| Tax-exempt reserves132 | - | - | - | €47,185 | €47,185 | €47,185 | €47,185 | = |
| Distributable reserves133 | - | - | - | €297,890 | €297,890 | €297,890 | €297,890 | = |
| Profit (loss) carried forward14 | -€39,360 | -€49,754 | -€49,838 | -€49,724 | -€59,906 | -€9,489 | €3,908 | - |
| Provisions and deferred taxes16 | €6,120 | - | - | - | - | - | - | - |
| Amounts payable17/49 | €46,272 | €47,698 | €67,088 | €61,424 | €51,566 | €50,136 | €65,647 | ▲ 30.9% |
| Amounts payable within one year42/48 | €46,272 | €47,698 | €62,154 | €61,424 | €51,401 | €50,136 | €65,647 | ▲ 30.9% |
| Trade debts44 | €6,978 | €11,940 | €20,445 | €18,267 | €6,127 | €5,912 | €11,661 | ▲ 97.2% |
| Suppliers440/4 | - | - | - | €18,267 | €6,127 | €5,912 | €11,661 | ▲ 97.2% |
| Taxes, remuneration and social security45 | - | - | - | €29,107 | €28,703 | €27,957 | €34,483 | ▲ 23.3% |
| Taxes450/3 | - | - | - | €11,350 | €12,496 | €11,628 | €17,922 | ▲ 54.1% |
| Remuneration and social security454/9 | - | - | - | €17,757 | €16,208 | €16,329 | €16,561 | ▲ 1.4% |
| Other amounts payable47/48 | - | - | - | €14,051 | €16,571 | €16,266 | €19,502 | ▲ 19.9% |
| Accrued charges and deferred income492/3 | - | - | - | - | €166 | - | - | - |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€20,352 | -€10,395 | -€83 | €114 | -€10,182 | €50,417 | €13,398 | ▼ 73.4% |
| + Depreciation and write-downs630 | €52,842 | €39,063 | €25,522 | €26,259 | €18,200 | €2,246 | €7,099 | ▲ 216% |
| Operating cash flow (approximation) | €32,490 | €28,668 | €25,439 | €26,373 | €8,018 | €52,662 | €20,497 | ▼ 61.1% |
| Investment in fixed assets (approximation) | - | -€1,030 | -€298 | €0 | - | - | -€4,385 | - |
| Change in cash | - | €72,652 | €13,823 | -€16,949 | €37,193 | -€63,015 | €38,604 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 17,041 companies had the same profile as ROBERT TERMOTE has now. Two years later, 94.3% were still going and 0.5% had gone bankrupt.
- Micro
- 20 years or older
- solvency 30% or more
- a profit under 5% of the balance sheet
94.3%
was still going
4.9%
stopped otherwise
0.5%
went bankrupt
Another 0.2% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of ROBERT TERMOTE itself: 0.1% within 12 months.
Test of the method
The method was tested on the 497,446 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 17,041 companies, not a prediction for ROBERT TERMOTE. 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.
Latest 10 of 37 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 30-06-2025 | abbreviated format | 14-02-2026 | 2026-00038513 | |
| 30-06-2024 | abbreviated format | 31-01-2025 | 2025-00019085 | |
| 30-06-2023 | abbreviated format | 25-01-2024 | 2024-00008122 | |
| 30-06-2022 | abbreviated format | 10-01-2023 | 2023-20556878 | |
| 30-06-2021 | abbreviated format | 16-12-2021 | 2021-80500303 | |
| 30-06-2020 | abbreviated format | 20-01-2021 | 2021-01300050 | |
| 30-06-2019 | abbreviated format | 29-11-2019 | 2019-74800553 | |
| 30-06-2018 | abbreviated format | 22-11-2018 | 2018-72700219 | |
| 30-06-2017 | abbreviated format | 31-10-2017 | 2017-68600518 | |
| 30-06-2016 | abbreviated format | 23-11-2016 | 2016-68200484 |