T.E.R.
ActiveSummary
The computed 12-month bankruptcy probability of T.E.R. is 5.1% (elevated). The 2025 annual accounts show negative equity (-€160,979) and a net result of -€12,110. Equity remains stable across the filed fiscal years (±0.3% per year). Its solvency ranks better than 5% of 18606 sector peers (fiscal year 2025). The company has been active since 2014 and the Belgian State Gazette contains no insolvency signals. The CBE does carry 1 administrative register entry (see administrative flags).
Checked score
Score 2025
Axes · tick = 2024
Profitability0▼-100
Solvency0=
Growth78=
Track record92
Bankruptcy probability, 12 months
5.1%
Elevated
0%0.5%1.5%4%10%≥ 25%
No credit on open account
balance sheet total too small for a liquidity verdict, and equity is negative.
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Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Eight signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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 2025Age of the figures
Age of the figures
12 mo
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
Retail trade (NACE 47)
about 45% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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 · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year -€160,979
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 30-04-2026, 0 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
on the day
2024
5 d early
2023
on the day
2022
2 d early
2021
52 d late
2020
on the day
2019
58 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 2 days before the deadline; the sector median for financial year 2024 is on the deadline day, and 46% of the sector filed late.
raises risk · Administrative warnings in the KBO publications
1 publication by the FPS Economy about this company, such as a strike-off for address, accounts or UBO, or its withdrawal.
KBO publicationsPublications
Address struck
Checked, nothing found (1)
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.
Companies Code · seven monthsPosition in the running window
28-09-2026 today30-09-2026 close30-04-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
-€160,979▼ 8.1%
2024 · -€148,869
Total assets
€1,997▲ 19.9%
2024 · €1,666
Net result
-€12,110
2024 · €12,081
Working capital
-€160,979▼ 8.1%
2024 · -€148,869
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 47, Retail trade, 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
Operating result€40,646€46,346▲ 14.0%-€1,646€13,107-€11,370
Net result€38,349within the sector's middle half€45,332above the sector's middle half▲ 18.2%-€1,318within the sector's middle half€12,081within the sector's middle half-€12,110below the sector's middle half
Equity-€204,853below the sector's middle half▲ 15.8%-€159,523below the sector's middle half▲ 22.1%-€160,834below the sector's middle half▼ 0.8%-€148,869below the sector's middle half▲ 7.4%-€160,979below the sector's middle half▼ 8.1%
Total assets€87,078below the sector's middle half▼ 32.6%€32,259below the sector's middle half▼ 63.0%€26,790below the sector's middle half▼ 17.0%€1,666below the sector's middle half▼ 93.8%€1,997below the sector's middle half▲ 19.9%
Debt€291,931▼ 21.6%€191,782▼ 34.3%€187,624▼ 2.2%€150,534▼ 19.8%€162,975▲ 8.3%
Working capital-€204,853below the sector's middle half▲ 28.9%-€159,523below the sector's middle half▲ 22.1%-€160,834below the sector's middle half▼ 0.8%-€148,869below the sector's middle half▲ 7.4%-€160,979below the sector's middle half▼ 8.1%
Solvency-235.3%below the sector's middle half▼ 47.1pp-494.5%below the sector's middle half▼ 259.3pp-600.4%below the sector's middle half▼ 105.9pp
Current ratio0.30below the sector's middle half▲ 0.120.17below the sector's middle half▼ 0.130.14below the sector's middle half▼ 0.03
Return on assets (ROA)44.0%above the sector's middle half▲ 141.1pp140.5%above the sector's middle half▲ 96.5pp-4.9%below the sector's middle half▼ 145.4pp
Staff (FTE)1.2below the sector's middle half▼ 76.9%
above
within
below
the middle half (P25 to P75) of NACE 47, Retail trade, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €11,370 after €13,107 in 2024, the lowest result in the available series.
Key figures and ratios
Debt ≤ 1 year
€162,975▲
2024 · €150,534
Ratios withheld: a balance sheet total of €1,997 is too small for a meaningful ratio.
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 6,940 companies that looked in July 2024 the way this one looks now, 5.5% went bankrupt within 24 months and 85% are still going.
- Micro
- 10 to 20 years old
- negative equity
- a loss of 10% of the balance sheet or more
5.5%
went bankrupt
8.0%
stopped otherwise
85%
still going
A further 1.5% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 5.1% 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 6,940 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 |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €5,280 | -€1,143 | €0 | - | - | - |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | €2,616 | €0 | - | - |
| Other operating charges640/8 | €4,966 | €458 | €2,013 | €7,522 | €9,077 | ▲ 20.7% |
| Gross operating margin9900 | €50,892 | €45,660 | €2,983 | €20,629 | -€2,293 | ▼ 111% |
| Operating profit (loss)9901 | €40,646 | €46,346 | -€1,646 | €13,107 | -€11,370 | ▼ 187% |
| Financial income75/76B | €7 | €0 | €0 | €0 | €49 | ▲ 489,900% |
| Recurring financial income75 | €7 | €0 | €0 | €0 | €49 | ▲ 489,900% |
| Financial charges65/66B | €2,304 | €1,014 | -€328 | €1,026 | €789 | ▼ 23.1% |
| Recurring financial charges65 | €2,304 | €1,014 | -€328 | €1,026 | €789 | ▼ 23.1% |
| Profit (loss) for the period before taxes9903 | €38,349 | €45,332 | -€1,318 | €12,081 | -€12,110 | ▼ 200% |
| Profit (loss) for the period9904 | €38,349 | €45,332 | -€1,318 | €12,081 | -€12,110 | ▼ 200% |
| Profit (loss) for the period to be appropriated9905 | €38,349 | €45,332 | -€1,318 | €12,081 | -€12,110 | ▼ 200% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €87,078 | €32,259 | €26,790 | €1,666 | €1,997 | ▲ 19.9% |
| Current assets29/58 | €87,078 | €32,259 | €26,790 | €1,666 | €1,997 | ▲ 19.9% |
| Amounts receivable within one year40/41 | €83,786 | €28,994 | €26,790 | €1,666 | €1,997 | ▲ 19.9% |
| Trade receivables40 | €65,327 | €11,051 | €8,177 | €0 | - | - |
| Other amounts receivable41 | €18,459 | €17,943 | €18,613 | €1,666 | €1,997 | ▲ 19.9% |
| Cash at bank and in hand54/58 | €3,292 | €3,266 | €0 | - | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €87,078 | €32,259 | €26,790 | €1,666 | €1,997 | ▲ 19.9% |
| Equity10/15 | -€204,853 | -€159,523 | -€160,834 | -€148,869 | -€160,979 | ▼ 8.1% |
| Contributions10/11 | €18,550 | €18,550 | €18,550 | €18,550 | €18,550 | = |
| Profit (loss) carried forward14 | -€223,403 | -€178,073 | -€179,384 | -€167,419 | -€179,529 | ▼ 7.2% |
| Amounts payable17/49 | €291,931 | €191,782 | €187,624 | €150,534 | €162,975 | ▲ 8.3% |
| Amounts payable within one year42/48 | €291,931 | €191,782 | €187,624 | €150,534 | €162,975 | ▲ 8.3% |
| Current portion of amounts payable after more than one year42 | - | €6,023 | €2,301 | €1,837 | €1,837 | = |
| Financial debts43 | €4,105 | €4,750 | €5,182 | €5,246 | €5,185 | ▼ 1.2% |
| Credit institutions430/8 | €4,105 | €4,750 | €5,182 | €5,246 | €5,185 | ▼ 1.2% |
| Trade debts44 | €93,450 | €51,230 | €46,318 | €6,924 | €7,811 | ▲ 12.8% |
| Suppliers440/4 | €93,450 | €51,230 | €46,318 | €6,924 | €7,811 | ▲ 12.8% |
| Taxes, remuneration and social security45 | €2,619 | €11,546 | €155 | €0 | - | - |
| Taxes450/3 | €978 | €11,546 | €155 | €0 | - | - |
| Remuneration and social security454/9 | €1,641 | €0 | - | - | - | - |
| Other amounts payable47/48 | €191,757 | €118,233 | €133,668 | €136,528 | €148,143 | ▲ 8.5% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €38,349 | €45,332 | -€1,318 | €12,081 | -€12,110 | ▼ 200% |
| Operating cash flow (approximation) | €38,349 | €45,332 | -€1,318 | €12,081 | -€12,110 | ▼ 200% |
| Change in cash | - | -€26 | -€3,266 | - | - | - |
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
25-09
KBO administration
Address struck
Archimedesstraat 19 L’adresse du siège Archimedesstraat 19 8400 Die Sitzadresse Archimedesstraat 19 8400
8400 Oostende werd doorgehaald met ingang Oostende · event 13-09-2026
30-04
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
Back to profitnet €12,081
Net result €12,081 after one loss-making year.
30-04
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
28-04
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
30-09
Financial
Highest result since 2018net €45,332 ▲18.2%
Net result €45,332, the highest in the series.
21-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 52 days late
2021
30-09
Financial
Back to profitnet €38,349
Net result €38,349 after one loss-making year.
30-04
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
30-09
Financial
Weakest financial yearnet -€125,419
Net result drops to -€125,419, the lowest in the series; recovery starts the following year.
03-03
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
Show earlier events
2019
30-09
Financial
Back to profitnet €44,557
Net result €44,557 after one loss-making year.
05-03
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
08-03
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
20-02
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts
We know of 5 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
5 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, Oostende · 1 establishment unit since 2014
Ground area
9,401 m²
Building footprint
2,397 m²
Volume, LiDAR
13,478 m³
Parcel 35020B0086/00Z000, Flanders · tallest building 7.0 m, ±2 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
Les filles du bord de mer
since 20142.232.063.535
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 35020B0086/00Z000 | Flanders | 9,401 m² | 1 · 2,397 m² | 7.0 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.
Public money · subsidies and aid
Flemish government
2022 · 1 entry · 40,690 EUR awarded · 40,690 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2022 | 1 | 40,690 EUR | 40,690 EUR |
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This company's figures show no positive equity and no headcount, so a size comparison is not possible. These companies share only the sector. Of 3,824 companies in sector 47210 we hold annual accounts for 965. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company (pre-2019)
Founded18-04-2014
Fiscal year end30-09
Activities, NACEBEL 2025
47210Retail sale of fruit and vegetables
56112Limited-service restaurants, excluding mobile food services
56210Event catering
E-invoicing
Reachable via Peppol
Peppol ID
0208:0550755211
Also
9925:BE0550755211
Registered
03-12-2025
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.