Ter Heyde
ActiveSummary
The computed 12-month bankruptcy probability of Ter Heyde is 5.3% (elevated). The 2024 annual accounts show equity of €313k and a net result of €121k. Its solvency ranks better than 81% of 18941 sector peers (fiscal year 2024). The company has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
59
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. An elevated bankruptcy probability caps the score. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability100=
Solvency91▲+19
Growth52
Track record94
Bankruptcy probability, 12 months
5.3%
Elevated
0%0.5%1.5%4%10%≥ 25%
Credit up to €18k at 30 days only on tighter terms
Liquidity ample (current ratio 2.6 against 1.66 in 2023; short-term debt: 34.1% and cash: 88.2% of total assets), and 34.1% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
+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 →
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
neutral · Filed after the deadline
The financial year that closed on 30-11-2024 was due by 30-06-2025 and was filed on 04-07-2025, 4 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 · 2 filingsDeviation from the deadline
2025
not confirmed
2024
4 d late
2023
2 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Equity
€313k▲ 63.0%
2023 · €192k
2023: €192k
2023 → 2024
Total assets
€475k▲ 15.6%
2023 · €411k
2023: €411k
2023 → 2024
Net result
€121k▼ 35.9%
2023 · €189k
2023: €189k
2023 → 2024
Working capital
€259k▲ 79.5%
2023 · €145k
2023: €145k
2023 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20232024Trend
Equity€192k-€313k▲ 63.0%
Operating result€247k-€156k▼ 36.6%
Net result€189k-€121k▼ 35.9%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2024; 2024 is 37% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €475k
Fixed assets
€53k ▲ 12.9%
Current assets
€421k ▲ 16.0%
Equity and liabilities €475k
Equity
€313k ▲ 63.0%
Debt
€162k ▼ 26.0%
Debt's share of the balance-sheet total falls from 53.3% to 34.1%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€175k▼
2023 · €266k
Cash flow
€140k▼
2023 · €208k
Current ratio
2.60▲
2023 · 1.66
Debt to equity
0.52▼
2023 · 1.14
ROE
38.7%▼
2023 · 98.4%
ROA
25.5%▼
2023 · 46.0%
Interest coverage
206.86▼
2023 · 271.78
Debt ≤ 1 year
€162k▼
2023 · €219k
Income taxes
€35k▼
2023 · €57k
Staff costs
€46k▲
2023 · €35k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2024 against 2023 · 40 lines
Balance sheet
Code20232024
Assets
Total assets20/58€411k€475k▲
Fixed assets21/28€47k€53k▲
Intangible fixed assets21€4k€3k▼
Tangible fixed assets22/27€43k€51k▲
Plant, machinery and equipment23€29k€40k▲
Furniture and vehicles24€4k€3k▼
Other tangible fixed assets26€9k€8k▼
Current assets29/58€363k€421k▲
Amounts receivable within one year40/41€2k€3k▲
Trade receivables40-€2k
Other amounts receivable41€2k€591▼
Cash at bank and in hand54/58€361k€419k▲
Equity and liabilities
Total equity and liabilities10/49€411k€475k▲
Equity10/15€192k€313k▲
Contributions10/11€3k€3k=
Profit (loss) carried forward14€189k€310k▲
Amounts payable17/49€219k€162k▼
Amounts payable within one year42/48€219k€162k▼
Trade debts44€64k€10k▼
Suppliers440/4€64k€10k▼
Advances received on contracts in progress46€90k€106k▲
Taxes, remuneration and social security45€63k€44k▼
Taxes450/3€57k€35k▼
Remuneration and social security454/9€6k€9k▲
Other amounts payable47/48€1k€1k=
Income statement
Code20232024
Remuneration, social security and pensions62€35k€46k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€19k€19k▲
Other operating charges640/8€1k€64▼
Gross operating margin9900€302k€221k▼
Operating profit (loss)9901€247k€156k▼
Financial income75/76B€271€58▼
Recurring financial income75€271€58▼
Financial charges65/66B€978€847▼
Recurring financial charges65€978€847▼
Profit (loss) for the period before taxes9903€246k€156k▼
Income taxes67/77€57k€35k▼
Profit (loss) for the period9904€189k€121k▼
Profit (loss) for the period to be appropriated9905€189k€121k▼
Appropriation of the result
Profit (loss) to be appropriated9906€189k€310k▲
Profit (loss) brought forward from the previous period14P-€189k
The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
04-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 4 days late
2024
30-11
Financial
Equity above €200kEq €313k ▲63%
2 profitable years in a row build equity to €313k.
28-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
1 act for this company is 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 · 2 establishment units since 2022
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.
Kesterweg 351755 PajottegemGround area
3,446 m²
Building footprint
705 m²
Volume, LiDAR
3,829 m³
2 parcels, Flanders · tallest building 9.8 m, ±2 floors. Linked by address, not a title deed.
2 establishment units
Feestzaal Ter Heyde
since 20222.328.923.181
De Glazen Toren
since 20252.382.351.969
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23040A0124/00A002 | Flanders | 2,271 m² | 1 · 203 m² | 7.1 m · 2 fl. |
| 23021A0041/00L000 | Flanders | 1,175 m² | 1 · 503 m² | 9.8 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Food safety, FASFC
2 sitesAffligem2.382.351.969
Pajottegem2.328.923.181
Similar companies · same sector, comparable size
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BE 0665.739.803
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BE 0826.425.944
Wavre · Eq €306,826
DE PUNTZEEF
BE 0807.014.363
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MAALTIJD SERVICE
BE 0417.603.410
Harelbeke · Eq €298,813
Of 1,352 companies in sector 56220 we hold annual accounts for 405. 249 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded09-03-2022
Fiscal year end30-11
Activities, NACEBEL 2025
56210Event catering
56220Contract catering and other food service activities
Sources
Crossroads Bank for EnterprisesNational Bank · 2 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.
Contact details
2 entriesWebsite:terheyde.com
E-mail:info@terheyde.com