Equity
-€162,690
Debts exceed assets in financial year 2025.
TER BRUGGEN
Lifetime
19 annual accounts with figures on one time axis, 29 filings since 1996peak €499,795 (2015)
€489,235▲ 15.6%
lowest -€213,548 (2022)
€59,974▲ 492%
peak €55,134 (2014)
-€162,690▲ €59,974
€357,172▼ 69.5%
peak 8.8 FTE (2015)
5 FTEunchanged
Board2 names since 2020
1 directorHOFIMA
Owners
96%HOFIMA
Documentsfilings and deeds
30-04-2026on the last day
2025abbreviated format
Gross margin from €423,261 to €489,235Result from €10,135 to €59,974Equity from -€222,664 to -€162,690Debts from €1.2m to €357,172Cash from €4,986 to €2,632
Key points
from the 2025 annual accountsTurnover
≈ €2.5m estimated
The abbreviated format states no turnover.
Debts
€357,172 184% of the balance sheet
Suppliers 36%Taxes and wages 25%Other 39%
Of this, €350,185 falls due within a year.
Staff
5 FTE from 8.8 in 2015
Between 2015 and 2025, 43% of the full-time equivalents disappeared.
Filings
29 annual accounts since 1996
The 2020 accounts came 3 days late. The other nine of the last ten were filed on time.
Position in the sector
-83.7%
Lower solvency than 95% of companies in wholesale trade. Sector median 42.9% · 9,902 companies.
Checked score
55
Fair
Financially stronger than 46% of micro companies in wholesale trade (NACE 46)
Probability in this band: 1.5% to 4.2%
Negative equity caps the score at 59.
Bankruptcy probability within 12 months
1.5% Moderate
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.4% across 26,891 companies (NACE 46, micro).
About 2 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 1.9%
01-2025: 1.9%● unchanged vs 12-2024
02-2025: 1.9%● unchanged vs 01-2025
03-2025: 1.8%▼ -0.1 percentage points vs 02-2025
04-2025: 2.1%▲ +0.3 percentage points vs 03-2025
05-2025: 1.7%▼ -0.4 percentage points vs 04-2025
06-2025: 1.7%● unchanged vs 05-2025
07-2025: 1.7%● unchanged vs 06-2025
08-2025: 1.7%● unchanged vs 07-2025
09-2025: 1.7%● unchanged vs 08-2025
10-2025: 1.7%● unchanged vs 09-2025
11-2025: 1.7%● unchanged vs 10-2025
12-2025: 1.7%● unchanged vs 11-2025
01-2026: 1.8%▲ +0.1 percentage points vs 12-2025
02-2026: 1.8%● unchanged vs 01-2026
03-2026: 1.7%▼ -0.1 percentage points vs 02-2026
04-2026: 1.9%▲ +0.2 percentage points vs 03-2026
05-2026: 2.6%▲ +0.7 percentage points vs 04-2026highest value
06-2026: 1.6%▼ -1.0 percentage point vs 05-2026
07-2026: 1.5%▼ -0.1 percentage points vs 06-2026
08-2026: 1.5%● unchanged vs 07-2026
09-2026: 1.5%● unchanged vs 08-2026
10-2026: 1.5%● unchanged vs 09-2026
11-2026: 1.5%● unchanged vs 10-2026lowest value
Financial strengthWeak
Score breakdown
raises risk
Capped at 59: negative equity
Negative equity -€162,690
Liquidity: current ratio 0.43, cash €2,632
lowers risk
Founded in 1995
Legal form: public limited company
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 46, micro). It does better than 6% of them on solvency, 5% on liquidity, 95% on profitability and 80% 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 30-09-2025.
Of the companies with a bankruptcy probability in the moderate class on 30-06-2025, 2.4% 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, 3,794 companies had the same profile as TER BRUGGEN has now. Each dot stands for 10 companies, two years later.
91.5%
were still trading
5.3%
stopped another way
2.7%
went bankrupt
Another 0.6% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of TER BRUGGEN itself: 1.5% 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 3,794 companies, not a prediction for TER BRUGGEN. 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
No credit on open account
Liquidity is insufficient, with a current ratio of 0.43 (0.79 in 2024), below 1. Short-term debt is 180.1% and cash 1.4% of total assets. Equity is negative.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Six signals.
lowers riskraises riskneutral
raises risk · Weak solvency compared with the sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 5% of 9902 sector peers (2025).
NBB · sector comparisonPosition among 9902 sector peers
Solvency
better than 5%
← 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 30-04-2026, 0 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
on the day
2024
29 days early
2023
27 days early
2022
30 days early
2021
9 days early
2020
3 days late
2019
58 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 21 days before the deadline. In the sector (NACE 46), the median for financial year 2024 was 3 days before the deadline, and 39% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The financial year that closed on 30-09-2026 is due by 30-04-2027. Nothing is late today. The company usually files around 4 April (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
30-09-2026 year end10-11-2026 today30-04-2027 deadline
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0456151012
1 director resigning, 1 reappointment
Resignation: PEETERS Johan Victor Gabriel · Reappointment: HOFIMA · Permanent representative: PEETERS Johan Victor Gabriel · Gazette deed
First establishment
Blauwenhoek 41, Londerzeel
Incorporation
published on 24-10-1995 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| TER BRUGGEN Londerzeel | €194,482 | €489,235 | -83.7% | 5 |
| BALES AND BARRELS Sint-Gillis (bij-Brussel) | €364,233 | €302,205 | 41.5% | 3.7 |
| MARPE Bruges | €135,294 | €270,994 | 26.0% | 2 |
| Krüger Benelux Zoersel | €443,533 | €217,664 | 87.3% | 2 |
| Tönnies België Bruges | €502,663 | €504,162 | 21.7% | 3 |
| RABAEY Mouscron | €840,965 | €343,890 | -0.5% | 3.4 |
| Farmafyt Chaudfontaine | €689,499 | €272,654 | 80.2% | 3 |
These companies have the same main activity as TER BRUGGEN: agents in the wholesale of food, beverages and tobacco (NACE 46170). They are comparable in size and age: total assets between €135,000 and €841,000, founded between 1987 and 2010.
Official details
Source: KBO- Status
- Active since 15-09-1995Normal situation
- Activity
- Agents in the wholesale of food, beverages and tobaccoNACE 46170and 1 other
- Joint committee
- 200Auxiliary committee for white-collar workers · annual accounts 30-09-2025
- Establishment unit
- 2.074.192.5701840 Londerzeel, since 15-12-1995
- Financial year end
- 30 September
- Peppol
- Reachable since 03-12-2025
Annual accounts to 30-09-2025
- €194,482▼ 79.5%
- Employeeson 30-09-2025
- 5=
- Filing
- Filed on 30-04-2026, on the last day of the filing period
Companies linked to TER BRUGGEN
Parent and group
Insights on TER BRUGGEN
TER BRUGGEN files the abbreviated format. That format states no turnover. The gross margin rose from €14,631 in 2007 to €489,235 in 2025.
HOFIMA holds 96% of 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 TER BRUGGEN
- What is the company number of TER BRUGGEN?
- The company number of TER BRUGGEN is 0456.151.012. The VAT number is the same number with BE in front: BE 0456.151.012.
- Where is TER BRUGGEN based?
- The registered office is at Blauwenhoek 41, 1840 Londerzeel.Company details
- What does TER BRUGGEN do?
- According to the KBO register, the main activity is agents in the wholesale of food, beverages and tobacco (NACE 46170).
- What is the legal form of TER BRUGGEN?
- TER BRUGGEN is a public limited company (NV).
- When was TER BRUGGEN founded?
- TER BRUGGEN was founded on 15-09-1995.
- Is TER BRUGGEN still active?
- Yes, TER BRUGGEN is an active enterprise in the KBO register.
- How many employees does TER BRUGGEN have?
- TER BRUGGEN had an average of 5 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- Which joint committee does TER BRUGGEN fall under?
- In its 30-09-2025 annual accounts, TER BRUGGEN states joint committee 200 (Auxiliary committee for white-collar workers).
- What is the turnover of TER BRUGGEN?
- The turnover in financial year 2025 is ≈ €2.5m. This figure is estimated from the gross margin of €489,235 and 139 comparable companies (NACE 46). It probably lies between €1.6m and €4.2m.
- Is TER BRUGGEN profitable?
- In financial year 2025, TER BRUGGEN made a profit of €59,974.
- Where can I find the annual accounts of TER BRUGGEN?
- TER BRUGGEN filed 29 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of TER BRUGGEN due?
- TER BRUGGEN must file the annual accounts for financial year 2026 by 30-04-2027.Timeline
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