Ter Burchgraeve
ActiveTer Burchgraeve has been active since 2011 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.11M and a net result of €443k. Equity is growing by ~2.9% per year across the filed fiscal years. Its solvency ranks better than 75% of 3668 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.3% (low).
Checked score
Score 2025
73
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability96▼-4
Solvency81▼-19
Growth78=
Track record100
Bankruptcy probability, 12 months
1.3%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €80k at 30 days acceptable
Liquidity ample (current ratio 2.0 against 4.22 in 2024; short-term debt: 44.3% and cash: 23.4% of total assets), and 44.3% 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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 56
Relative position
BE, all sectors
reference
Sector 56
higher
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
55.7%
Return on assets
22.1%
Age of the figures
18 mo
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
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2025 was due by 31-10-2025 and was filed on 04-09-2025, 57 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
57 d early
2024
63 d early
2023
1 d early
2022
3 d early
2021
24 d early
2020
134 d early
2019
6 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-03-2026 and is due by 31-10-2026. Nothing is late today.
Companies Code · seven monthsPosition in the running window
31-03-2026 close22-09-2026 today31-10-2026 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€1.11M▼ 20.3%
2024 · €1.40M
2019: €1.09M
2020: €1.13M
2021: €1.29M
2022: €1.33M
2023: €1.20M
2024: €1.40M
2019 → 2025
Total assets
€2.00M▲ 13.6%
2024 · €1.76M
2019: €1.27M
2020: €1.39M
2021: €1.38M
2022: €1.48M
2023: €1.50M
2024: €1.76M
2019 → 2025
Net result
€443k▲ 0.2%
2024 · €442k
2019: €186k
2020: €180k
2021: €160k
2022: €387k
2023: €222k
2024: €442k
2019 → 2025
Working capital
€885k▼ 24.0%
2024 · €1.16M
2019: €961k
2020: €1.02M
2021: €1.16M
2022: €1.22M
2023: €1.04M
2024: €1.16M
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€1.29M-€1.33M▲ 3.5%€1.20M▼ 10.2%€1.40M▲ 17.0%€1.11M▼ 20.3%
Operating result€126k-€512k▲ 306%€430k▼ 16.0%€523k▲ 21.7%€662k▲ 26.4%
Net result€160k-€387k▲ 141%€222k▼ 42.6%€442k▲ 98.8%€443k▲ 0.2%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 26% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €2.00M
Fixed assets
€230k▼ 3.0%
Current assets
€1.77M▲ 16.2%
Equity and liabilities €2.00M
Equity
€1.11M▼ 20.3%
Debt
€887k▲ 144%
The debt ratio rises from 20.6% to 44.3%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€716k▲
2024 · €566k
Cash flow
€497k▲
2024 · €484k
Solvency
55.7%▼
2024 · 79.4%
Current ratio
2.00▼
2024 · 4.22
Quick ratio
1.97▼
2024 · 4.17
Debt / equity
0.80▲
2024 · 0.26
ROE
39.7%▲
2024 · 31.6%
ROA
22.1%▼
2024 · 25.1%
Interest coverage
20.98▲
2024 · -6.90
Debt
€887k▲
2024 · €363k
Debt ≤ 1 year
€887k▲
2024 · €361k
Income taxes
€214k▲
2024 · €178k
Staff costs
€394k▼
2024 · €418k
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 · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€1.76M€2.00M▲
Fixed assets21/28€238k€230k▼
Tangible fixed assets22/27€237k€229k▼
Land and buildings22€3k€3k▼
Plant, machinery and equipment23€63k€93k▲
Furniture and vehicles24€99k€72k▼
Other tangible fixed assets26€72k€62k▼
Financial fixed assets28€1k€1k=
Current assets29/58€1.52M€1.77M▲
Stocks and contracts in progress3€18k€24k▲
Stocks30/36€18k€24k▲
Amounts receivable within one year40/41€24k€15k▼
Trade receivables40€24k€3k▼
Other amounts receivable41€224€12k▲
Current investments50/53€1.02M€1.24M▲
Cash at bank and in hand54/58€443k€468k▲
Deferred charges and accrued income490/1€16k€24k▲
Equity and liabilities
Total equity and liabilities10/49€1.76M€2.00M▲
Equity10/15€1.40M€1.11M▼
Contributions10/11€6k€6k=
Reserves13€1.39M€1.11M▼
Distributable reserves133€1.39M€1.11M▼
Amounts payable17/49€363k€887k▲
Amounts payable within one year42/48€361k€887k▲
Current portion of amounts payable after more than one year42€845-
Trade debts44€18k€38k▲
Suppliers440/4€18k€38k▲
Taxes, remuneration and social security45€150k€116k▼
Taxes450/3€108k€98k▼
Remuneration and social security454/9€42k€18k▼
Other amounts payable47/48€192k€733k▲
Accrued charges and deferred income492/3€2k€612▼
Income statement
Code20242025
Non-recurring operating income76A€5k€2k▼
Remuneration, social security and pensions62€418k€394k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€43k€55k▲
Other operating charges640/8€4k€5k▲
Gross operating margin9900€988k€1.12M▲
Operating profit (loss)9901€523k€662k▲
Financial income75/76B€14k€29k▲
Recurring financial income75€14k€29k▲
Financial charges65/66B€-82k€34k▲
Recurring financial charges65€-82k€34k▲
Profit (loss) for the period before taxes9903€619k€657k▲
Income taxes67/77€178k€214k▲
Profit (loss) for the period9904€442k€443k▲
Profit (loss) for the period to be appropriated9905€442k€443k▲
Appropriation of the result
Profit (loss) to be appropriated9906€493k€443k▼
Profit (loss) brought forward from the previous period14P€52k-
Transfer from equity791/2€186k€727k▲
Transfer to equity691/2€442k€443k▲
To other reserves6921€442k€443k▲
Profit to be distributed694/7€238k€727k▲
Return on contributions (dividend)694€238k€727k▲
Social balance
Average headcount (FTE)90879.610.8▲
The notes to these accounts (11 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2025
04-09
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
31-03
Financial
Highest result since 2019net €443k ▲0.2%
Operating result €662k, net result €443k, both a record.
2024
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2023
30-10
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2022
28-10
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2021
07-10
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
31-03
Financial
Weakest financial yearnet €160k ▼11%
Net result drops to €160k, the lowest in the series; recovery starts the following year.
31-03
Financial
Liquidity triplescurrent ratio 14.80
Current ratio from 5.26 to 14.80; short-term debt falls from €240k to €84k.
2020
19-06
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2019
25-10
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2018
26-09
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2017
02-10
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2016
28-09
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated 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, Kaprijke · 1 establishment unit since 2011
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.
Ledestraat 439971 KaprijkeGround area
1.4 ha
Building footprint
450 m²
Parcel 43009B1237/00F000, Flanders. Linked by address, not a title deed.
1 establishment unit
Ter Burchgraeve
since 20112.198.077.210
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 43009B1237/00F000 | Flanders | 1.4 ha | 1 · 450 m² | - |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
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
2024 to 2025 · 2 entries · 2,000 EUR awarded · 2,000 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 1,000 EUR | 1,000 EUR |
| 2024 | 1 | 1,000 EUR | 1,000 EUR |
Schemes
Premie kwalificerend werkplekleren
Recognitions · licences · registrations
Food safety, FASFC
1 siteKaprijke2.198.077.210
Dual-learning approval
1 endedSimilar companies · same sector, comparable size
BM Invest
BE 0899.606.902
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DE ZWARTE FLESCH
BE 0446.991.242
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SENOR SNACKS
BE 0465.570.997
Geel · Eq €1.10M
OLIREST
BE 0509.995.910
Mons · Eq €1.14M
BOSRAND
BE 0474.418.387
Brugge · Eq €1.08M
Of 21,896 companies in sector 56112 we hold annual accounts for 9,785. 2,376 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded23-03-2011
Fiscal year end31-03
Activities, NACEBEL
56101Full-service restaurants
56102Limited-service restaurants
56111Full-service restaurants
56112Limited-service restaurants, excluding mobile food services
Sources
Crossroads Bank for EnterprisesNational Bank · 14 filingsAddress and cadastre registers
Data from official sources, last processed on 22-09-2026. Scores and ratios are computed by Checked and are not a credit decision.