TER HEYDE
ActiveSummary
TER HEYDE has been active since 1992 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €194,571 and a net result of €40,296. Equity is growing by ~14.4% per year across the filed fiscal years. Its solvency ranks better than 76% of 3770 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability84▲+1
Solvency82▼-1
Growth78=
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €15,000 at 30 days acceptable
Liquidity ample (current ratio 1.96 against 1.94 in 2024; short-term debt: 30.7% and cash: 29.9% of total assets), and 42.8% of the assets are financed with debt.
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Signals
Five 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
Food and beverage service activities (NACE 56)
about 206% 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
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
57.2%
Return on assets
11.8%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 30-08-2026, 30 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 9 filingsDeviation from the deadline
2025
30 d late
2024
29 d late
2023
30 d late
2022
30 d late
2021
31 d late
2020
31 d late
2019
90 d late
← 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 39 days after the deadline; the sector median for financial year 2024 is 6 days after the deadline, and 53% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. Usually files around 30 August (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
29-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
Equity
€194,571▲ 26.1%
2024 · €154,276
Total assets
€340,340▲ 28.6%
2024 · €264,711
Net result
€40,296▲ 34.0%
2024 · €30,065
Working capital
€100,299▲ 43.7%
2024 · €69,777
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 56, Food and beverage service activities, 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€13,129€45,613▲ 247%€15,956▼ 65.0%€38,702▲ 143%€49,344▲ 27.5%
Net result€9,248within the sector's middle half€37,396above the sector's middle half▲ 304%€10,917within the sector's middle half▼ 70.8%€30,065above the sector's middle half▲ 175%€40,296within the sector's middle half▲ 34.0%
Equity€75,897within the sector's middle half▲ 13.9%€113,293above the sector's middle half▲ 49.3%€124,210within the sector's middle half▲ 9.6%€154,276above the sector's middle half▲ 24.2%€194,571within the sector's middle half▲ 26.1%
Total assets€218,757within the sector's middle half▲ 1.7%€288,243above the sector's middle half▲ 31.8%€229,978within the sector's middle half▼ 20.2%€264,711above the sector's middle half▲ 15.1%€340,340within the sector's middle half▲ 28.6%
Debt€142,860▼ 3.8%€174,949▲ 22.5%€105,768▼ 39.5%€110,435▲ 4.4%€145,769▲ 32.0%
Working capital-€60,008below the sector's middle half▲ 33.4%-€8,529within the sector's middle half▲ 85.8%€17,648within the sector's middle half€69,777above the sector's middle half▲ 295%€100,299within the sector's middle half▲ 43.7%
Solvency34.7%within the sector's middle half▲ 3.7pp39.3%within the sector's middle half▲ 4.6pp54.0%within the sector's middle half▲ 14.7pp58.3%within the sector's middle half▲ 4.3pp57.2%above the sector's middle half▼ 1.1pp
Current ratio0.49below the sector's middle half▲ 0.210.94within the sector's middle half▲ 0.451.24within the sector's middle half▲ 0.291.94within the sector's middle half▲ 0.711.96within the sector's middle half▲ 0.02
Return on assets (ROA)4.2%within the sector's middle half▲ 12.6pp13.0%within the sector's middle half▲ 8.7pp4.7%within the sector's middle half▼ 8.2pp11.4%within the sector's middle half▲ 6.6pp11.8%within the sector's middle half▲ 0.5pp
above
within
below
the middle half (P25 to P75) of NACE 56, Food and beverage service activities, 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
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 27% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €340,340
Fixed assets
€135,427 ▲ 12.1%
Current assets
€204,914 ▲ 42.4%
Equity and liabilities €340,340
Equity
€194,571 ▲ 26.1%
Debt
€145,769 ▲ 32.0%
Debt's share of the balance-sheet total rises from 41.7% to 42.8%. Equity and debt are higher.
Key figures and ratios
EBITDA
€68,438▲
2024 · €57,038
Cash flow
€59,389▲
2024 · €48,401
Quick ratio
1.93▲
2024 · 1.90
Debt to equity
0.75▲
2024 · 0.72
ROE
20.7%▲
2024 · 19.5%
Interest coverage
14.10▲
2024 · 10.43
Debt ≤ 1 year
€104,614▲
2024 · €74,095
Income taxes
€4,205▲
2024 · €3,181
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 31,370 companies that looked in July 2024 the way this one looks now, 0.5% went bankrupt within 24 months and 93% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.5%
went bankrupt
5.9%
stopped otherwise
93%
still going
A further 0.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a higher bankruptcy probability: 0.7% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,338 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.9% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% 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 31,370 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 |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €18,179 | €18,821 | €17,580 | €18,336 | €19,093 | ▲ 4.1% |
| Other operating charges640/8 | €3,290 | €2,990 | €27,829 | €3,411 | €400 | ▼ 88.3% |
| Gross operating margin9900 | €34,598 | €67,423 | €61,365 | €60,449 | €68,838 | ▲ 13.9% |
| Operating profit (loss)9901 | €13,129 | €45,613 | €15,956 | €38,702 | €49,344 | ▲ 27.5% |
| Financial income75/76B | - | - | €7 | €11 | €11 | ▲ 0.2% |
| Recurring financial income75 | - | - | €7 | €11 | €11 | ▲ 0.2% |
| Financial charges65/66B | €2,754 | €4,477 | €3,941 | €5,467 | €4,855 | ▼ 11.2% |
| Recurring financial charges65 | €2,754 | €4,477 | €3,941 | €5,467 | €4,855 | ▼ 11.2% |
| Profit (loss) for the period before taxes9903 | €10,375 | €41,136 | €12,022 | €33,246 | €44,501 | ▲ 33.9% |
| Income taxes67/77 | €1,127 | €3,740 | €1,106 | €3,181 | €4,205 | ▲ 32.2% |
| Profit (loss) for the period9904 | €9,248 | €37,396 | €10,917 | €30,065 | €40,296 | ▲ 34.0% |
| Profit (loss) for the period to be appropriated9905 | €9,248 | €37,396 | €10,917 | €30,065 | €40,296 | ▲ 34.0% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €218,757 | €288,243 | €229,978 | €264,711 | €340,340 | ▲ 28.6% |
| Fixed assets21/28 | €160,949 | €149,460 | €137,604 | €120,838 | €135,427 | ▲ 12.1% |
| Tangible fixed assets22/27 | €159,847 | €149,460 | €137,604 | €120,838 | €135,427 | ▲ 12.1% |
| Land and buildings22 | €157,784 | €147,929 | €133,005 | €116,083 | €122,992 | ▲ 6.0% |
| Plant, machinery and equipment23 | €2,064 | €1,531 | €4,600 | €4,755 | €12,435 | ▲ 162% |
| Financial fixed assets28 | €1,102 | - | - | - | - | - |
| Current assets29/58 | €57,809 | €138,783 | €92,373 | €143,873 | €204,914 | ▲ 42.4% |
| Stocks and contracts in progress3 | €2,947 | €2,947 | €2,947 | €2,947 | €2,947 | = |
| Stocks30/36 | €2,947 | €2,947 | €2,947 | €2,947 | €2,947 | = |
| Amounts receivable within one year40/41 | €4,840 | €5,244 | €5,553 | €12,300 | €200 | ▼ 98.4% |
| Trade receivables40 | €4,840 | €5,244 | €5,553 | €12,100 | €200 | ▼ 98.3% |
| Other amounts receivable41 | - | - | - | €200 | - | - |
| Current investments50/53 | - | - | - | - | €100,000 | - |
| Cash at bank and in hand54/58 | €50,022 | €130,593 | €83,873 | €128,626 | €101,767 | ▼ 20.9% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €218,757 | €288,243 | €229,978 | €264,711 | €340,340 | ▲ 28.6% |
| Equity10/15 | €75,897 | €113,293 | €124,210 | €154,276 | €194,571 | ▲ 26.1% |
| Contributions10/11 | €62,000 | €62,000 | €62,000 | €62,000 | €62,000 | = |
| Capital10 | €62,000 | €62,000 | €62,000 | €62,000 | €62,000 | = |
| Issued capital100 | €62,000 | €62,000 | €62,000 | €62,000 | €62,000 | = |
| Reserves13 | €18,680 | €56,076 | €66,993 | €97,058 | €137,354 | ▲ 41.5% |
| Non-distributable reserves130/1 | €9,432 | €9,432 | €9,432 | €9,432 | €9,432 | = |
| Legal reserve130 | €9,432 | €9,432 | €9,432 | €9,432 | €9,432 | = |
| Distributable reserves133 | €9,248 | €46,644 | €57,561 | €87,626 | €127,922 | ▲ 46.0% |
| Profit (loss) carried forward14 | -€4,783 | -€4,783 | -€4,783 | -€4,783 | -€4,783 | = |
| Amounts payable17/49 | €142,860 | €174,949 | €105,768 | €110,435 | €145,769 | ▲ 32.0% |
| Amounts payable within one year42/48 | €117,817 | €147,312 | €74,725 | €74,095 | €104,614 | ▲ 41.2% |
| Financial debts43 | €114,164 | €117,002 | €67,055 | €68,007 | €69,256 | ▲ 1.8% |
| Other loans439 | €114,164 | €117,002 | €67,055 | €68,007 | €69,256 | ▲ 1.8% |
| Trade debts44 | €407 | €13,683 | €338 | €1,135 | €23,987 | ▲ 2,013% |
| Suppliers440/4 | €407 | €13,683 | €338 | €1,135 | €23,987 | ▲ 2,013% |
| Taxes, remuneration and social security45 | €3,246 | €16,627 | €7,332 | €4,954 | €11,372 | ▲ 130% |
| Taxes450/3 | €3,246 | €16,627 | €7,332 | €4,954 | €11,372 | ▲ 130% |
| Accrued charges and deferred income492/3 | €25,043 | €27,638 | €31,042 | €36,340 | €41,155 | ▲ 13.2% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €9,248 | €37,396 | €10,917 | €30,065 | €40,296 | ▲ 34.0% |
| + Depreciation and write-downs630 | €18,179 | €18,821 | €17,580 | €18,336 | €19,093 | ▲ 4.1% |
| Operating cash flow (approximation) | €27,426 | €56,217 | €28,497 | €48,401 | €59,389 | ▲ 22.7% |
| Investment in fixed assets (approximation) | - | -€7,332 | -€5,725 | -€1,570 | -€33,682 | ▼ 2,045% |
| Change in cash | - | €80,571 | -€46,719 | €44,753 | -€26,859 | ▼ 160% |
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
30-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 30 days late
2025
31-12
Financial
Highest result since 2018net €40,296 ▲34%
Operating result €49,344, net result €40,296, both a record.
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 29 days late
2024
31-12
Financial
Equity above €150,000Eq €154,276 ▲24.2%
4 profitable years in a row build equity to €154,276.
04-10
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 30 days late
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 30 days late
2023
30-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 30 days late
2022
31-12
Financial
Equity above €100,000Eq €113,293 ▲49.3%
2 profitable years in a row build equity to €113,293.
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
2021
31-12
Financial
Back to profitnet €9,248
Net result €9,248 after 3 loss-making years.
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
2020
29-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 90 days late
2019
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 30 days late
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 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
3 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, Pajottegem · 1 establishment unit since 1992
Ground area
2,271 m²
Building footprint
203 m²
Volume, LiDAR
940 m³
Parcel 23040A0124/00A002, Flanders · tallest building 7.1 m, ±2 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
TER HEYDE NV
since 19922.059.975.043
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23040A0124/00A002 | Flanders | 2,271 m² | 1 · 203 m² | 7.1 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.
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Of 7,499 companies in sector 56210 we hold annual accounts for 2,451. 1,767 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded09-11-1992
Fiscal year end31-12
Activities, NACEBEL 2025
56210Event catering
E-invoicing
Reachable via Peppol
Peppol ID
0208:0448630740
Also
9925:BE0448630740
Registered
29-12-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.