TER HOF
ActiveThe computed 12-month bankruptcy probability of TER HOF is 2.4% (moderate). The 2025 annual accounts show equity of €390k and a net result of €174k. Equity is shrinking by ~7.8% per year across the filed fiscal years. Its solvency ranks better than 28% of 7931 sector peers (fiscal year 2025). The company has been active since 2000 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
56
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability64▼-21
Solvency47▼-41
Growth58=
Track record100
Bankruptcy probability, 12 months
2.4%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €21k at 30 days acceptable
Liquidity tight (current ratio 1.2 against 2.84 in 2024; short-term debt: 66.9% and cash: 36.3% of total assets), and 77.7% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Eight signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Sector 46
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
22.3%
Return on assets
9.9%
Age of the figures
15 mo
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 30-12-2025, 32 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
32 d early
2024
24 d early
2023
on the day
2022
1 d early
2021
3 d early
2020
1 d early
2019
on the day
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close17-09-2026 today31-01-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€390k▼ 62.0%
2024 · €1.03M
2019: €1.12M
2020: €1.13M
2021: €983k
2022: €1.01M
2023: €809k
2024: €1.03M
2019 → 2025
Total assets
€1.75M▲ 6.9%
2024 · €1.63M
2019: €1.91M
2020: €1.63M
2021: €1.99M
2022: €2.11M
2023: €1.78M
2024: €1.63M
2019 → 2025
Net result
€174k▼ 19.8%
2024 · €217k
2019: €-41k
2020: €14k
2021: €-148k
2022: €23k
2023: €61k
2024: €217k
2019 → 2025
Working capital
€237k▼ 72.6%
2024 · €864k
2019: €870k
2020: €808k
2021: €1.22M
2022: €917k
2023: €597k
2024: €864k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€983k-€1.01M▲ 2.4%€809k▼ 19.6%€1.03M▲ 26.8%€390k▼ 62.0%
Operating result€-122k-€65k€80k▲ 23.3%€273k▲ 241%€281k▲ 2.7%
Net result€-148k-€23k€61k▲ 165%€217k▲ 254%€174k▼ 19.8%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has risen four years in a row; 2025 is 3% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.75M
Fixed assets
€341k▲ 14.6%
Current assets
€1.40M▲ 5.2%
Equity and liabilities €1.75M
Equity
€390k▼ 62.0%
Debt
€1.36M▲ 123%
The debt ratio rises from 37.2% to 77.7%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€329k▲
2024 · €323k
Cash flow
€222k▼
2024 · €266k
Solvency
22.3%▼
2024 · 62.8%
Current ratio
1.20▼
2024 · 2.84
Quick ratio
0.79▼
2024 · 1.88
Debt / equity
3.48▲
2024 · 0.59
ROE
44.5%▲
2024 · 21.1%
ROA
9.9%▼
2024 · 13.3%
Interest coverage
3.94▼
2024 · 7.35
Debt
€1.36M▲
2024 · €607k
Debt ≤ 1 year
€1.17M▲
2024 · €471k
Debt > 1 year
€127k▲
2024 · €101k
Income taxes
€29k▲
2024 · €29k
Staff costs
€1.49M▲
2024 · €1.26M
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€1.63M€1.75M▲
Fixed assets21/28€298k€341k▲
Tangible fixed assets22/27€178k€222k▲
Plant, machinery and equipment23€10k€34k▲
Furniture and vehicles24€3k€51k▲
Other tangible fixed assets26€164k€137k▼
Financial fixed assets28€120k€120k=
Current assets29/58€1.33M€1.40M▲
Amounts receivable after more than one year29€0-
Other amounts receivable291€0-
Stocks and contracts in progress3€451k€480k▲
Stocks30/36€451k€480k▲
Amounts receivable within one year40/41€382k€275k▼
Trade receivables40€169k€116k▼
Other amounts receivable41€213k€159k▼
Cash at bank and in hand54/58€481k€634k▲
Deferred charges and accrued income490/1€20k€14k▼
Equity and liabilities
Total equity and liabilities10/49€1.63M€1.75M▲
Equity10/15€1.03M€390k▼
Contributions10/11€12k€12k=
Reserves13€1.01M€377k▼
Non-distributable reserves130/1€0-
Reserves not available under the articles1311€0-
Tax-exempt reserves132€57k€57k=
Distributable reserves133€955k€320k▼
Profit (loss) carried forward14€0€0=
Amounts payable17/49€607k€1.36M▲
Amounts payable after more than one year17€101k€127k▲
Financial debts170/4€1k€27k▲
Other amounts payable178/9€100k€100k=
Amounts payable within one year42/48€471k€1.17M▲
Current portion of amounts payable after more than one year42€16k€8k▼
Financial debts43€960€0▼
Credit institutions430/8€960€0▼
Trade debts44€264k€184k▼
Suppliers440/4€264k€184k▼
Taxes, remuneration and social security45€189k€207k▲
Taxes450/3€59k€43k▼
Remuneration and social security454/9€129k€163k▲
Other amounts payable47/48€441€768k▲
Accrued charges and deferred income492/3€35k€62k▲
Income statement
Code20242025
Non-recurring operating income76A€42k€0▼
Remuneration, social security and pensions62€1.26M€1.49M▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€50k€48k▼
Other operating charges640/8€14k€39k▲
Gross operating margin9900€1.60M€1.86M▲
Operating profit (loss)9901€273k€281k▲
Financial income75/76B€16k€6k▼
Recurring financial income75€16k€6k▼
Financial charges65/66B€44k€83k▲
Recurring financial charges65€44k€83k▲
Profit (loss) for the period before taxes9903€245k€203k▼
Income taxes67/77€29k€29k▲
Profit (loss) for the period9904€217k€174k▼
Profit (loss) for the period to be appropriated9905€217k€174k▼
Appropriation of the result
Profit (loss) to be appropriated9906€127k€174k▲
Profit (loss) brought forward from the previous period14P€-90k€0▲
Transfer from equity791/2€20k€809k▲
Transfer to equity691/2€147k€174k▲
To other reserves6921€147k€174k▲
Profit to be distributed694/7€0€809k▲
Return on contributions (dividend)694€0€809k▲
Social balance
Average headcount (FTE)908732.834.6▲
The notes to these accounts (19 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
30-12
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
07-01
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
30-06
Financial
Highest result since 2019net €217k ▲254%
Net result €217k, the highest in the series.
30-06
Financial
Equity above €1MEq €1.03M ▲26.8%
3 profitable years in a row build equity to €1.03M.
31-01
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
30-01
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
30-06
Financial
Back to profitnet €23k
Net result €23k after one loss-making year.
30-06
Financial
Equity above €1MEq €1.01M ▲2.4%
Equity rises from €983k to €1.01M.
28-01
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
30-06
Financial
Weakest financial yearnet €-148k ▼1144%
Net result drops to €-148k, the lowest in the series; recovery starts the following year.
30-01
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
30-06
Financial
Back to profitnet €14k
Net result €14k after one loss-making year.
31-01
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
30-01
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
31-01
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
30-01
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, Brussel · 8 establishment units since 1997
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.
Dieudonné Lefèvrestraat 41020 BrusselGround area
6,953 m²
Building footprint
6,875 m²
Volume, LiDAR
70,430 m³
8 parcels, Brussels, Flanders · tallest building 28.0 m, ±8 floors. Linked by address, not a title deed.
8 establishment units
ELISABETH
since 19972.115.328.389
ELISABETH
since 20072.166.380.083
ELISABETH
since 20122.212.234.359
ELISABETH
since 20142.232.838.842
Louizalaan 49, 1060 Sint-Gillis (bij-Brussel)
since 20172.267.368.169
Kerkstraat 163, 1150 Sint-Pieters-Woluwe
since 20182.274.565.074
Show 2 more locations
ELISABETH 7 ANTWERPEN
since 20192.290.924.125
BE HERE
since 20222.337.425.331
8 parcels
Flanders
1
(12.5%)
Brussels
7
(87.5%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21815D0310/00F000 | Brussels | 6,263 m² | 1 · 6,238 m² | 19.7 m · 3 fl. |
| 21013B0008/00L005 | Brussels | 312 m² | 1 · 312 m² | 28.0 m · 8 fl. |
| 21683D0233/00T005 | Brussels | 196 m² | 1 · 167 m² | 21.3 m · 6 fl. |
| 21004A0354/00C000 ProtectedArchitectural ensemble · MonumentDen Coninck van Spagniën - uitbreiding van de bescherming tot de totaliteitSource ↗ |
Brussels | 60 m² | 1 · 47 m² | 19.6 m · 4 fl. |
| 11803C1736/00_000 | Flanders | 34 m² | 1 · 34 m² | 13.6 m · 4 fl. |
| 21004A0405/00_000 | Brussels | 31 m² | 1 · 24 m² | 14.8 m · 4 fl. |
| 21004A0226/00B000 | Brussels | 29 m² | 1 · 26 m² | 13.8 m · 4 fl. |
| 21004A0356/00_000 | Brussels | 27 m² | 1 · 27 m² | 22.8 m · 6 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 7
8 of 8 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
5 of these parcels carry protected heritage (source: regional heritage registers, Onroerend Erfgoed / patrimoine.brussels).
Public money · subsidies and aid
Flemish government
2025 · 1 entry · 4,497 EUR awarded · 4,497 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 4,497 EUR | 4,497 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Recognitions · licences · registrations
Food safety, FASFC
8 sitesAntwerpen2.290.924.125
Brussel2.115.328.389
Brussel2.166.380.083
Brussel2.212.234.359
Show 4 more sites
Brussel2.232.838.842
Brussel2.337.425.331
Sint-Gillis2.267.368.169
Sint-Pieters-Woluwe2.274.565.074
Similar companies · same sector, comparable size
TRENDY FOODS LOGISTICS
BE 0458.033.703
Bornem · Eq €385k
ELAUT PRODUCTS
BE 0472.192.040
Kluisbergen · Eq €377k
BAKKERIJ DONS - VERMEYLEN
BE 0450.859.760
Aarschot · Eq €376k
CARMINA
BE 0444.419.257
Malle · Eq €423k
Les Bonbons de Grand-Mère
BE 0721.687.225
Herstal · Eq €432k
Of 452 companies in sector 46360 we hold annual accounts for 286. 195 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded03-08-2000
Fiscal year end30-06
Activities, NACEBEL
46360Wholesale trade
47242Retail sale of chocolate and confectionery
51392
52240
46392Non-specialised wholesale
46499Wholesale of other household goods
51478
Sources
Crossroads Bank for EnterprisesNational Bank · 25 filingsAddress and cadastre registers
Data from official sources, last processed on 17-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
1 entryE-mail:Ludwine@elisabethbrussels.be