TERACO
ActiveSummary
The computed 12-month bankruptcy probability of TERACO is 2.5% (moderate). The 2025 annual accounts show equity of €69,110 and a net result of -€15,751. Equity is growing by ~38.7% per year across the filed fiscal years. Its solvency ranks better than 89% of 28184 sector peers (fiscal year 2025). The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability0▼-86
Solvency100▲+8
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
2.5%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €3,500 at 30 days acceptable
Liquidity ample (current ratio 4.09 against 2.16 in 2024; short-term debt: 14.9% and cash: 28.4% of total assets), and 14.9% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
+raises risk○neutral
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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
85.1%
Return on assets
-19.4%
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 27-01-2026, 4 days ahead of the deadline.
NBB · 5 filingsDeviation from the deadline
2025
4 d early
2024
46 d early
2023
56 d early
2022
7 d early
2021
39 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 5 accounts on average 30 days before the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% of the sector filed late.
Checked, nothing found (2)
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 close27-09-2026 today31-01-2027 deadline
History
Go further with this company
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Financials · fiscal year 2025, micro schema
Equity
€69,110▼ 18.6%
2024 · €84,860
Total assets
€81,173▼ 35.5%
2024 · €125,866
Net result
-€15,751
2024 · €17,347
Working capital
€37,310▼ 2.6%
2024 · €38,309
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 43, Specialised construction 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€16,836-€23,010▲ 36.7%€38,653▲ 68.0%€25,828▼ 33.2%-€16,556
Net result€12,317within the sector's middle half-€17,981within the sector's middle half▲ 46.0%€27,215within the sector's middle half▲ 51.4%€17,347within the sector's middle half▼ 36.3%-€15,751below the sector's middle half
Equity€22,317within the sector's middle half-€40,298within the sector's middle half▲ 80.6%€67,513within the sector's middle half▲ 67.5%€84,860within the sector's middle half▲ 25.7%€69,110within the sector's middle half▼ 18.6%
Total assets€35,362below the sector's middle half-€89,521within the sector's middle half▲ 153%€108,036within the sector's middle half▲ 20.7%€125,866within the sector's middle half▲ 16.5%€81,173within the sector's middle half▼ 35.5%
Debt€13,045-€49,223▲ 277%€40,523▼ 17.7%€41,006▲ 1.2%€12,064▼ 70.6%
Working capital€16,610-€22,092▲ 33.0%€44,660▲ 102%€38,309▼ 14.2%€37,310▼ 2.6%
Solvency63.1%within the sector's middle half-45.0%within the sector's middle half▼ 18.1pp62.5%within the sector's middle half▲ 17.5pp67.4%within the sector's middle half▲ 4.9pp85.1%above the sector's middle half▲ 17.7pp
above
within
below
the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €16,556 after €25,828 in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €81,173
Fixed assets
€31,800 ▼ 41.7%
Current assets
€49,374 ▼ 30.8%
Equity and liabilities €81,173
Equity
€69,110 ▼ 18.6%
Debt
€12,064 ▼ 70.6%
Debt's share of the balance-sheet total falls from 32.6% to 14.9%. Equity and debt are lower.
Key figures and ratios
EBITDA
-€447▼
2024 · €41,742
Cash flow
€358▼
2024 · €33,261
Current ratio
4.09▲
2024 · 2.16
Debt to equity
0.17▼
2024 · 0.48
ROE
-22.8%▼
2024 · 20.4%
ROA
-19.4%▼
2024 · 13.8%
Interest coverage
-0.56▼
2024 · 54.22
Debt ≤ 1 year
€12,064▼
2024 · €33,007
Income taxes
-€1,605▼
2024 · €7,711
Staff costs
€1,920=
2024 · €1,920
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 3,595 companies that looked in July 2024 the way this one looks now, 2.8% went bankrupt within 24 months and 87% are still going.
- Micro
- 5 to 10 years old
- solvency 30% or more
- a loss of 10% of the balance sheet or more
2.8%
went bankrupt
9.3%
stopped otherwise
87%
still going
A further 0.8% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 2.5% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
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 3,595 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 |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | - | €1,920 | €1,920 | = |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €945 | €4,465 | €11,009 | €15,914 | €16,109 | ▲ 1.2% |
| Other operating charges640/8 | - | €412 | €976 | €1,366 | €817 | ▼ 40.2% |
| Non-recurring operating charges66A | - | €404 | - | - | - | - |
| Gross operating margin9900 | €18,091 | €28,289 | €50,638 | €45,028 | €2,290 | ▼ 94.9% |
| Operating profit (loss)9901 | €16,836 | €23,010 | €38,653 | €25,828 | -€16,556 | ▼ 164% |
| Financial income75/76B | - | €0 | €81 | €0 | €3 | ▲ 4,233% |
| Recurring financial income75 | €0 | €0 | €81 | €0 | €3 | ▲ 4,233% |
| Financial charges65/66B | - | €675 | €1,135 | €770 | €802 | ▲ 4.2% |
| Recurring financial charges65 | €318 | €675 | €1,135 | €770 | €802 | ▲ 4.2% |
| Profit (loss) for the period before taxes9903 | €16,518 | €22,334 | €37,599 | €25,058 | -€17,356 | ▼ 169% |
| Income taxes67/77 | €4,201 | €4,354 | €10,384 | €7,711 | -€1,605 | ▼ 121% |
| Profit (loss) for the period9904 | €12,317 | €17,981 | €27,215 | €17,347 | -€15,751 | ▼ 191% |
| Profit (loss) for the period to be appropriated9905 | €12,317 | €17,981 | €27,215 | €17,347 | -€15,751 | ▼ 191% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €35,362 | €89,521 | €108,036 | €125,866 | €81,173 | ▼ 35.5% |
| Fixed assets21/28 | €9,584 | €48,786 | €41,317 | €54,550 | €31,800 | ▼ 41.7% |
| Tangible fixed assets22/27 | €9,544 | €48,626 | €41,157 | €54,353 | €31,584 | ▼ 41.9% |
| Plant, machinery and equipment23 | - | €48,265 | €41,130 | €31,767 | €20,014 | ▼ 37.0% |
| Furniture and vehicles24 | - | €361 | €28 | €22,586 | €11,570 | ▼ 48.8% |
| Financial fixed assets28 | €40 | €160 | €160 | €197 | €216 | ▲ 9.4% |
| Current assets29/58 | €25,779 | €40,734 | €66,719 | €71,316 | €49,374 | ▼ 30.8% |
| Amounts receivable within one year40/41 | €9,392 | €22,036 | €23,052 | €41,351 | €26,282 | ▼ 36.4% |
| Trade receivables40 | - | €10,528 | €15,347 | €36,844 | €24,476 | ▼ 33.6% |
| Other amounts receivable41 | - | €11,508 | €7,705 | €4,507 | €1,807 | ▼ 59.9% |
| Cash at bank and in hand54/58 | €16,054 | €18,157 | €43,294 | €29,357 | €23,091 | ▼ 21.3% |
| Deferred charges and accrued income490/1 | - | €541 | €373 | €607 | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €35,362 | €89,521 | €108,036 | €125,866 | €81,173 | ▼ 35.5% |
| Equity10/15 | €22,317 | €40,298 | €67,513 | €84,860 | €69,110 | ▼ 18.6% |
| Contributions10/11 | - | €10,000 | €10,000 | €10,000 | €10,000 | = |
| Reserves13 | €12,200 | €30,000 | €57,200 | €74,540 | €74,540 | = |
| Distributable reserves133 | - | €30,000 | €57,200 | €74,540 | €74,540 | = |
| Profit (loss) carried forward14 | €117 | €298 | €313 | €320 | -€15,430 | ▼ 4,916% |
| Amounts payable17/49 | €13,045 | €49,223 | €40,523 | €41,006 | €12,064 | ▼ 70.6% |
| Amounts payable after more than one year17 | €3,876 | €30,580 | €18,464 | €7,999 | - | - |
| Financial debts170/4 | - | €30,580 | €18,464 | €7,999 | - | - |
| Amounts payable within one year42/48 | €9,169 | €18,642 | €22,058 | €33,007 | €12,064 | ▼ 63.5% |
| Current portion of amounts payable after more than one year42 | - | €12,025 | €12,116 | €10,466 | €7,999 | ▼ 23.6% |
| Financial debts43 | - | - | - | €5,833 | - | - |
| Credit institutions430/8 | - | - | - | €5,833 | - | - |
| Trade debts44 | €2,931 | €162 | €3,312 | €10,374 | €1,913 | ▼ 81.6% |
| Suppliers440/4 | - | €162 | €3,312 | €10,374 | €1,913 | ▼ 81.6% |
| Taxes, remuneration and social security45 | - | €5,922 | €6,630 | €6,334 | €2,153 | ▼ 66.0% |
| Taxes450/3 | - | €3,922 | €4,630 | €4,334 | €2,153 | ▼ 50.3% |
| Remuneration and social security454/9 | - | €2,000 | €2,000 | €2,000 | - | - |
| Other amounts payable47/48 | - | €534 | - | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €12,317 | €17,981 | €27,215 | €17,347 | -€15,751 | ▼ 191% |
| + Depreciation and write-downs630 | €945 | €4,465 | €11,009 | €15,914 | €16,109 | ▲ 1.2% |
| Operating cash flow (approximation) | €13,262 | €22,445 | €38,224 | €33,261 | €358 | ▼ 98.9% |
| Investment in fixed assets (approximation) | - | -€43,667 | -€3,540 | -€29,147 | €6,641 | ▲ 123% |
| Change in cash | - | €2,104 | €25,137 | -€13,937 | -€6,266 | ▲ 55.0% |
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
27-01
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
30-06
Financial
Weakest financial yearnet -€15,751
Net result drops to -€15,751, the lowest in the series.
2024
16-12
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2023
06-12
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
30-06
Financial
Highest result since 2021net €27,215 ▲51.4%
Operating result €38,653, net result €27,215, both a record.
24-01
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2021
23-12
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 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
2 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, Bornem · 1 establishment unit since 2020
Ground area
353 m²
Building footprint
125 m²
Volume, LiDAR
629 m³
Parcel 12362E0346/00K002, Flanders · tallest building 10.2 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
TERACO
since 20202.304.242.819
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 12362E0346/00K002 | Flanders | 353 m² | 1 · 125 m² | 10.2 m · 1 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 8,464 companies in sector 43120 we hold annual accounts for 3,232. 2,588 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded26-06-2020
Fiscal year end30-06
Activities, NACEBEL 2025
43120Site preparation
42110Construction of roads and motorways
43110Demolition
43910Bricklaying and masonry work
43990Other specialised construction activities
E-invoicing
Reachable via Peppol
Peppol ID
0208:0749453573
Also
9925:BE0749453573
Registered
11-01-2026
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.