Equity
€834,874 ▲ 20.7%
Ter Leye paid out €47,000 in dividends. That is 25% of the 2025 profit.
Ter Leye
Lifetime
17 annual accounts with figures on one time axispeak €471,572 (2024)
€437,265▼ 7.3%
lowest -€33,431 (2019)
€190,032▼ 32.6%
peak €834,874 (2025)
€834,874▲ 20.7%
€709,407▲ 30.6%
Board3 names since 2017
1 directorMatton Wim
Documentsfilings and deeds
20-07-202611 days before the deadline
2025micro format
Result from €281,749 to €190,032Dividend €47,000Equity from €691,842 to €834,874Debts from €543,032 to €709,407Investments €484,955Cash from €166,705 to €60,138
Key points
from the 2025 annual accountsResult
€190,032 ▼ 32.6%
The result fell in 2025 from €281,749 to €190,032.
Turnover
≈ €660,000 estimated
The micro format states no turnover.
Investments
€489,955 3.4 × depreciation
Green is investment, beige is depreciation. Land and buildings stand 29.5% higher than in 2024.
Filings
17 annual accounts since 2009
The 2023 accounts came 31 days late. The other nine of the last ten were filed on time.
Position in the sector
€190,032
Higher net result than 95% of companies in office administrative support. Sector median €16,198 · 9,697 companies.
Checked score
91
Excellent
Financially stronger than 57% of micro companies in office administrative support (NACE 82)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.2% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.2% across 12,672 companies (NACE 82, micro).
About 2 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.3%
01-2025: 0.3%● unchanged vs 12-2024
02-2025: 0.4%▲ +0.1 percentage points vs 01-2025
03-2025: 0.4%● unchanged vs 02-2025
04-2025: 0.4%● unchanged vs 03-2025
05-2025: 0.4%● unchanged vs 04-2025
06-2025: 0.4%● unchanged vs 05-2025
07-2025: 0.5%▲ +0.1 percentage points vs 06-2025highest value
08-2025: 0.2%▼ -0.3 percentage points vs 07-2025
09-2025: 0.2%● unchanged vs 08-2025
10-2025: 0.2%● unchanged vs 09-2025
11-2025: 0.2%● unchanged vs 10-2025
12-2025: 0.2%● unchanged vs 11-2025
01-2026: 0.2%● unchanged vs 12-2025
02-2026: 0.2%● unchanged vs 01-2026
03-2026: 0.2%● unchanged vs 02-2026
04-2026: 0.2%● unchanged vs 03-2026
05-2026: 0.2%● unchanged vs 04-2026
06-2026: 0.2%● unchanged vs 05-2026
07-2026: 0.3%▲ +0.1 percentage points vs 06-2026
08-2026: 0.5%▲ +0.2 percentage points vs 07-2026
09-2026: 0.5%● unchanged vs 08-2026
10-2026: 0.2%▼ -0.3 percentage points vs 09-2026lowest value
11-2026: 0.2%● unchanged vs 10-2026lowest value
Financial strengthStrong
Score breakdown
raises risk
1 of the last 3 accounts late
Liquidity: current ratio 1.30, cash €60,138, halved
lowers risk
Size: total assets €1.5m
Figures for financial year 2025 (filed on 20-07-2026)
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 82, micro). It does better than 55% of them on solvency, 48% on liquidity, 58% on profitability and 66% on growth.
The bankruptcy probability was computed on 10-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 17,811 companies had the same profile as Ter Leye has now. Each dot stands for 45 companies, two years later.
96.5%
were still trading
3.2%
stopped another way
0.3%
went bankrupt
That fits the bankruptcy probability of Ter Leye itself: 0.2% within 12 months.
Test of the method
The method was tested on the 497,448 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 17,811 companies, not a prediction for Ter Leye. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
Credit of up to €75,000 on 30-day terms is acceptable
Liquidity is tight, with a current ratio of 1.3 (1.51 in 2024), below the usual 1.5. Short-term debt is 9.8% and cash 3.9% of total assets. 45.9% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Six signals.
lowers riskraises riskneutral
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €834,874
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 20-07-2026, 11 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
11 days early
2024
13 days early
2023
31 days late
2022
45 days early
2021
40 days early
2020
23 days early
2019
39 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 20 days before the deadline. In the sector (NACE 82), the median for financial year 2024 was 7 days before the deadline, and 35% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 18 July (4 of the last 5 accounts filed within 32 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
11-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0895096697
Registered office moved from Kortrijk to Marke
New registered office: Kardinaalstraat 42, 8510 Marke · Previous registered office: Aalbeeksesteenweg 65, 8500 Kortrijk · Board meeting of 20-09-2024 · Gazette deed
Company renamed from Tegelcentrale Ter Leye to Ter Leye
Registered office moved within Kortrijk · New registered office: Aalbeeksesteenweg 65, 8500 Kortrijk · Previous registered office: Engelse Wandeling 2 bus AB4, 8500 Kortrijk · Gazette deed
Resignation: Joeri Landuyt (manager)
Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| Ter Leye Kortrijk | €1.5m | €437,265 | 54.1% | - |
| GUY DELAERE CONSULTING Hooglede | €1.6m | €424,294 | 93.8% | - |
| MOODITUDE Roeselare | €1.3m | €448,815 | 63.4% | - |
| Individual Tax Services Koksijde | €1.4m | €425,304 | 79.2% | - |
| B2A Sales Unit Hasselt | €1.3m | €414,153 | 57.1% | 2.8 |
| KANTOOR DE WITTE Stekene | €1.4m | €415,004 | 40.1% | - |
| PEEM Mechelen | €1.4m | €451,108 | 78.4% | 1.2 |
These companies have the same main activity as Ter Leye: other business support services (NACE 82990). They are comparable in size and age: total assets between €1.3m and €1.6m, founded between 2005 and 2011.
Official details
Source: KBO- Status
- Active since 17-01-2008Normal situation
- Activity
- Other business support servicesNACE 82990and 1 other
- Establishment unit
- 2.168.937.4208510 Kortrijk, since 25-02-2008
- Financial year end
- 31 December
- Peppol
- Reachable since 06-05-2025
Annual accounts 2025
- €1.5m▲ 25.1%
- Filing
- Filed on 20-07-2026, 11 days before the end of the filing period
Insights on Ter Leye
Ter Leye files the micro format. That format states no turnover. The gross margin rose from €10,226 in 2009 to €437,265 in 2025.
The balance sheet grew most from 2023 to 2025 through fixed assets.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about Ter Leye
- What is the company number of Ter Leye?
- The company number of Ter Leye is 0895.096.697. The VAT number is the same number with BE in front: BE 0895.096.697.
- Where is Ter Leye based?
- The registered office is at Kardinaalstraat 42, 8510 Kortrijk.Company details
- What does Ter Leye do?
- According to the KBO register, the main activity is other business support services (NACE 82990).
- What is the legal form of Ter Leye?
- Ter Leye is a private limited company (BV).
- When was Ter Leye founded?
- Ter Leye was founded on 17-01-2008.
- Is Ter Leye still active?
- Yes, Ter Leye is an active enterprise in the KBO register.
- What is the turnover of Ter Leye?
- The turnover in financial year 2025 is ≈ €660,000. This figure is estimated from the gross margin of €437,265 and 33 comparable companies (NACE 82990). It probably lies between €540,000 and €920,000.Financials
- Is Ter Leye profitable?
- In financial year 2025, Ter Leye made a profit of €190,032.
- Where can I find the annual accounts of Ter Leye?
- Ter Leye filed 17 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of Ter Leye due?
- Ter Leye must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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