TER ELST
The computed 12-month bankruptcy probability of TER ELST is 4.0% (moderate). The 2024 annual accounts show negative equity (€-33k) and a net result of €-14k. Equity is shrinking by ~105.8% per year across the filed fiscal years. Its solvency ranks better than 5% of 1745 sector peers (fiscal year 2024). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.
| Equity | €-33k |
| Net result | €-14k |
| Better than sector | 5% |
| Active | 5 yrs |
Mixed profile: strong on profitability, weaker on health.
All 5 axes are computed from data Checked has read.
Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?
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The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.
The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.
A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | -8123.7% | 14.6% | |
| Net result | €-14k | €1k | |
| Equity | €-33k | €5k | |
| Gross operating margin | €-13k | €16k | |
| Total assets | €411 | €46k |
| Fiscal year | 2024 |
|---|---|
| Deposit | micro |
| Revenue | - |
| EBITDA | €-14k |
| Net profit | €-14k |
| Cash flow | €-14k |
| Staff costs | - |
| Income taxes | €61 |
| Dividends | - |
| Total assets | €411 |
| Equity | €-33k |
| Debt | €34k |
| of which ≤ 1y | €34k |
| of which > 1y | - |
| Working capital | €-34k |
| Employees (FTE) | - |
| 2024 | |
|---|---|
| Current ratio | 0.01 |
| Quick ratio | 0.01 |
| Working capital ratio | -8158.6% |
| Solvency | -8123.7% |
| Debt / equity | -1.01 |
| Long-term debt ratio | - |
| Interest coverage | -30.91 |
| Gross margin | - |
| Net margin | - |
| ROA | -3441.4% |
| ROE | 42.4% |
| EBITDA margin | - |
| Days sales outstanding | - |
| Days payable outstanding | - |
| Inventory turnover | - |
| Days inventory (DSI) | - |
| Line item | Code | 2024 |
|---|---|---|
| Balance sheet, Assets | ||
| TOTAL ASSETS | 20/58 | €411 |
| Fixed assets | 21/28 | €143 |
| Tangible fixed assets | 22/27 | €143 |
| Current assets | 29/58 | €268 |
| Amounts receivable within one year | 40/41 | €252 |
| Cash & bank | 54/58 | €16 |
| Balance sheet, Equity & liabilities | ||
| TOTAL EQUITY & LIABILITIES | 10/49 | €411 |
| Equity | 10/15 | €-33k |
| Contributions / capital | 10/11 | €3k |
| Accumulated profits (losses) | 14 | €-36k |
| Amounts payable | 17/49 | €34k |
| Amounts payable within one year | 42/48 | €34k |
| Trade debts payable within one year | 44 | €3k |
| Income statement | ||
| Gross operating margin | 9900 | €-13k |
| Operating result | 9901 | €-14k |
| Financial income | 75 | €3 |
| Financial charges | 65 | €440 |
| Result before taxes | 9903 | €-14k |
| Income taxes | 67/77 | €61 |
| Net result for the period | 9904 | €-14k |
| Result to be appropriated | 9905 | €-14k |
Former directors (1)
-
Loes DemanDirectorState Gazette act 22141988 (01-12-2022)Former- → 30-09-2022
| NACE primary | Activiteiten van kuuroorden, sauna’s en stoombaden(96230) |
| Legal form | Private limited company(610) |
| Incorporation | 07-07-2021 |
| Status | Active |
| Postal code | 8800 |
Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 36017D0108/00X000 | Flanders | 1,179 m² | 1 · 306 m² | 10.2 m · 1 fl. |
| 34012C0340/00L000 | Flanders | 483 m² | 1 · 84 m² | 7.6 m · 2 fl. |
A single timeline of everything that happened to this company, publications, insolvency and lifecycle events, administrative changes and filed annual accounts.
22-02-2024 Registered office moved from Gullegem to Roeselare
- Heulestraat 36, 8560 Gullegem → 8800 Roeselare, Zilvermolenstraat 21
Technical details
{
"events": [
{
"kind": "zetel_transfer",
"seat_type": "siege_social",
"new_address": {
"raw": "8800 Roeselare, Zilvermolenstraat 21",
"city": "Roeselare",
"region": "vlaams_gewest",
"street": "Zilvermolenstraat",
"country": "BE",
"postcode": "8800",
"box_number": null,
"street_number": "21",
"locality_suffix": null
},
"old_address": {
"raw": "Heulestraat 36, 8560 Gullegem",
"city": "Gullegem",
"region": "vlaams_gewest",
"street": "Heulestraat",
"country": "BE",
"postcode": "8560",
"box_number": null,
"street_number": "36",
"locality_suffix": null
},
"effective_date": "2023-08-01",
"evidence_quote": "Uit de notulen van de raad van bestuur dd 1 augustus 2023 blijkt dat er beslist werd om de zetel van de vennootschap te verplaatsen naar 8800 Roeselare, Zilvermolenstraat 21 en dit met ingang vanaf 1 augustus 2023.",
"region_changed": false,
"is_statute_change": true,
"nationality_change": false,
"old_address_source": "header_volledig_adres",
"statute_clause_text": null,
"statute_article_number": null,
"effective_date_qualifier": "absolute",
"statutaire_vs_werkelijke": "statutaire",
"linguistic_region_changed": false,
"court_jurisdiction_changed": false,
"effective_date_is_approximate": false
}
],
"notary": {
"name": null,
"firm_city": null,
"firm_name": null,
"office_city": null,
"is_associated": false
},
"act_meta": {
"language": "nl",
"pub_date": "2024-02-22",
"filing_date": "2024-02-13",
"act_kind_objet": "zetelverplaatsing"
},
"decision": {
"body": "raad_van_bestuur",
"date": "2023-08-01",
"unanimous": null
},
"subject_company": {
"kbo": "0770.882.556",
"name_full": "Ter Elst",
"legal_form": "BV",
"_kbo_filled_from_list": true
},
"publication_proxy": {
"kind": "person",
"org_kbo": null,
"org_name": null,
"person_name": "Thomas Vanderplancke",
"org_rep_person_name": null,
"person_role_at_subject": "Bestuurder"
},
"co_filed_documents": [
"Bijlagen bij het Belgisch Staatsblad - 22/02/2024 - Annexes du Moniteur belge"
]
}01-12-2022 Mandate of Loes Deman as director expired
- Loes Deman, Bestuurder
Technical details
{
"events": [
{
"kind": "director_out",
"role": "bestuurder",
"person": {
"rrn": null,
"name": "Loes Deman",
"address": null,
"birth_date": null,
"profession": null,
"birth_place": null
},
"reason": "end_of_term",
"subkind": null,
"via_org": null,
"statutory": "statutair",
"compensated": null,
"effective_date": "2022-09-30",
"evidence_quote": "De vergadering neemt kennis en aanvaardt het ontsiag van mevrouw Loes Deman als bestuurder van de vennootschap met ingang vanaf 30 september 2022. Tussentijdse kwijting wordt gegeven voor de door haar geleverde prestaties en algehele kwijting voor de uitoefening van haar mandaat als bestuurder zal v",
"decharge_status": "provisional",
"mandate_duration": null,
"rep_rotation_new_rep": null,
"rep_rotation_old_rep": null,
"effective_date_qualifier": "immediate"
}
],
"notary": {
"name": null,
"firm_city": null,
"firm_name": null,
"office_city": "Gent",
"is_associated": false
},
"act_meta": {
"language": "nl",
"pub_date": null,
"filing_date": "2022-11-22",
"act_kind_objet": "Onderwerp akte:"
},
"decisions": [
{
"body": "bijzondere_algemene_vergadering",
"date": "2022-09-30",
"unanimous": null
}
],
"is_correction": false,
"subject_company": {
"kbo": "0770.882.556",
"name_full": "TER ELST",
"legal_form": "BV"
},
"publication_proxy": {
"kind": "person",
"org_kbo": null,
"org_name": null,
"person_name": "Thomas.Vanderplancke",
"org_rep_person_name": null,
"person_role_at_subject": "Bestuurder"
},
"co_filed_documents": [],
"corrected_publication_numac": null
}Generate a structured, factual brief from every signal in this dossier: risk, financial health, ownership, mandates and sector comparison.
| Legal nameNL | TER ELST |