TERA GROUP
ActiveFinancials · financial year 2025, micro format
Annual accounts 2025 filed on 07-07-2026 at the NBB all 7 filings
Every figure per financial year
The operating result for 2025 is nearly 8.2 times that of 2024 and the highest since 2021. It is the third rise in a row, after the fall in 2022.
Securities and guarantees
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Mortgages, amount registered | €25,000 | €25,000 | €25,000 | €25,000 | €25,000 |
| Carrying value of the mortgaged assets | €275,344 | €326,909 | €324,321 | €313,797 | €304,598 |
Source: notes to the 2021 to 2025 annual accounts (statement of debts and off-balance-sheet rights and commitments)
Investments
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Tangible fixed assets | €147,854 | €51,566 | €7,936 | €0 | €1,348 |
| Depreciation and write-downs of the year | - | - | €10,524 | €10,524 | €10,547 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Turnover70 | - | - | - | €1,500 | €16,610 | €31,925 | €57,395 | ▲ 79.8% |
| Non-recurring operating income76A | - | - | €11,474 | - | - | - | - | - |
| Goods, raw materials, services and sundry goods60/61 | - | - | €1,417 | €4,015 | €2,107 | €15,871 | €12,229 | ▼ 22.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €7,649 | €3,825 | - | - | €10,524 | €10,524 | €10,547 | ▲ 0.2% |
| Other operating charges640/8 | €695 | €2,094 | €886 | €2,266 | €1,443 | €1,468 | €1,515 | ▲ 3.2% |
| Gross operating margin9900 | -€11,513 | -€53,880 | €69,399 | -€2,515 | €14,503 | €16,054 | €45,166 | ▲ 181% |
| Operating profit (loss)9901 | -€19,858 | -€59,798 | €68,513 | -€4,781 | €2,536 | €4,062 | €33,105 | ▲ 715% |
| Financial income75/76B | - | - | €11,405 | - | €25 | - | - | - |
| Recurring financial income75 | - | - | €11,405 | - | €25 | - | - | - |
| Financial charges65/66B | €7,693 | €8,299 | €4,628 | €4,577 | €4,443 | €3,949 | €3,584 | ▼ 9.2% |
| Recurring financial charges65 | €7,693 | €8,299 | €4,628 | €4,577 | €4,443 | €3,949 | €3,584 | ▼ 9.2% |
| Profit (loss) for the period before taxes9903 | -€27,550 | -€68,097 | €75,290 | -€9,358 | -€1,882 | €112 | €29,521 | ▲ 263× |
| Profit (loss) for the period9904 | -€27,550 | -€68,097 | €75,290 | -€9,358 | -€1,882 | €112 | €29,521 | ▲ 263× |
| Profit (loss) for the period to be appropriated9905 | -€27,550 | -€68,097 | €75,290 | -€9,358 | -€1,882 | €112 | €29,521 | ▲ 263× |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €120,201 | €172,023 | €288,995 | €329,607 | €326,386 | €322,682 | €524,515 | ▲ 62.5% |
| Fixed assets21/28 | €119,841 | €116,016 | €275,344 | €326,909 | €324,321 | €313,797 | €304,598 | ▼ 2.9% |
| Tangible fixed assets22/27 | €119,841 | €116,016 | €275,344 | €326,909 | €324,321 | €313,797 | €304,598 | ▼ 2.9% |
| Land and buildings22 | €119,841 | €116,016 | €275,344 | €326,909 | €324,321 | €313,797 | €304,598 | ▼ 2.9% |
| Current assets29/58 | €361 | €56,008 | €13,651 | €2,698 | €2,065 | €8,884 | €219,916 | ▲ 25× |
| Amounts receivable within one year40/41 | - | - | €11 | €0 | - | - | €212,784 | - |
| Trade receivables40 | - | - | €11 | €0 | - | - | - | - |
| Other amounts receivable41 | - | - | - | - | - | - | €212,784 | - |
| Cash at bank and in hand54/58 | €361 | €56,008 | €13,641 | €2,698 | €2,065 | €8,884 | €7,132 | ▼ 19.7% |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €120,201 | €172,023 | €288,995 | €329,607 | €326,386 | €322,682 | €524,515 | ▲ 62.5% |
| Equity10/15 | -€21,350 | -€89,447 | -€14,158 | -€11,116 | -€12,998 | -€12,885 | €16,635 | - |
| Contributions10/11 | €6,200 | €6,200 | €6,200 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Profit (loss) carried forward14 | -€27,550 | -€95,647 | -€20,358 | -€29,716 | -€31,598 | -€31,485 | -€1,965 | ▲ 93.8% |
| Amounts payable17/49 | €141,552 | €261,470 | €303,153 | €340,723 | €339,384 | €335,567 | €507,879 | ▲ 51.3% |
| Amounts payable after more than one year17 | €133,869 | €246,836 | €284,574 | €320,218 | €318,246 | €309,784 | €477,706 | ▲ 54.2% |
| Financial debts170/4 | - | €105,000 | €117,801 | €104,702 | €91,294 | €77,558 | €63,518 | ▼ 18.1% |
| Other amounts payable178/9 | €133,869 | €141,836 | €166,773 | €215,515 | €226,952 | €232,226 | €414,189 | ▲ 78.4% |
| Amounts payable within one year42/48 | - | - | €13,849 | €14,275 | €13,409 | €14,644 | €19,290 | ▲ 31.7% |
| Current portion of amounts payable after more than one year42 | - | - | €13,849 | €14,177 | €13,409 | €13,736 | €15,207 | ▲ 10.7% |
| Trade debts44 | - | - | €0 | €99 | €0 | €908 | €683 | ▼ 24.7% |
| Suppliers440/4 | - | - | €0 | €99 | €0 | €908 | €683 | ▼ 24.7% |
| Other amounts payable47/48 | - | - | - | - | - | - | €3,400 | - |
| Accrued charges and deferred income492/3 | €7,683 | €14,635 | €4,730 | €6,230 | €7,730 | €11,140 | €10,884 | ▼ 2.3% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€27,550 | -€68,097 | €75,290 | -€9,358 | -€1,882 | €112 | €29,521 | ▲ 263× |
| + Depreciation and write-downs630 | €7,649 | €3,825 | - | - | €10,524 | €10,524 | €10,547 | ▲ 0.2% |
| Operating cash flow (approximation) | -€19,901 | -€64,272 | €75,290 | -€9,358 | €8,642 | €10,636 | €40,068 | ▲ 277% |
| Investment in fixed assets (approximation) | - | €0 | -€159,328 | -€51,566 | -€7,936 | €0 | -€1,348 | - |
| Change in cash | - | €55,647 | -€42,367 | -€10,943 | -€633 | €6,819 | -€1,752 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 875 companies had the same profile as TERA GROUP has now. Two years later, 96.6% were still going and 1.4% had gone bankrupt.
- Small
- 5 to 10 years old
- solvency under 10%
- a profit of 5% of the balance sheet or more
Another 0.1% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of TERA GROUP itself: 0.8% within 12 months.
Test of the method
The method was tested on the 497,446 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 875 companies, not a prediction for TERA GROUP. 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.
Filings with the National Bank (7)
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 07-07-2026 | 2026-00261536 | |
| 31-12-2024 | micro format | 26-08-2025 | 2025-00404428 | |
| 31-12-2023 | micro format | 28-06-2024 | 2024-00196436 | |
| 31-12-2022 | micro format | 30-08-2023 | 2023-00434673 | |
| 31-12-2021 | micro format | 29-09-2022 | 2022-20444300 | |
| 31-12-2020 | micro format | 10-08-2022 | 2022-20280366 | |
| 31-12-2019 | micro format | 10-08-2022 | 2022-20280363 |