Financials
- Fiscal year
- 2025
- Total assets
- €106,598
- Profit
- €15,343
- Solvency
- 30.9%
Turnover▲ 70.7%
Net result
20202021
TERAELEC
ActiveSummary
The computed 12-month bankruptcy probability of TERAELEC is 3.0% (moderate). The 2025 annual accounts show equity of €32,978 and a net result of €15,343. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 32% of 30651 sector peers (fiscal year 2025). The company has been active since 2016 and the Belgian State Gazette contains no insolvency or warning signals.
Overview
Activity
General electrical installation work
NACE 43211
1 site
Size
€106,598total assets 2025
- Staff
- 1.3 FTE
- Equity
- €32,978
- Profit
- €15,343
Turnover not published (abridged schema)
Structure
Accounts filed 59 d late0 of 4 deeds read
Why 50- Latest accounts 59 days late; 2 of the last 3 late- Liquidity: current ratio 1.25, cash €1, halved- Sector Specialised construction activities (NACE 43)+ Size: total assets €106,598Show the evidence
Checked score
Score 2025
50
/ 100
Fair
Probability in this band: 1.5% to 4.2%
Better than 40% of its sector peers (NACE 43, micro)
Performance against the sector, not lower risk
Financial strength · tick = 2024
Average
Solvency
56+18
equity 30.9% of total assets
Liquidity
14+3
short-term debt 67.6% · cash 0.0%
Profitability
64+62
return on assets 14.4%
Bankruptcy probability, 12 months
3.0%
Moderate
0%0.5%1.5%4%10%≥ 25%
About 3 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 14 months
09-2025: 4.2%highest value
10-2025: 4.2%● 0.0% vs 09-2025highest value
11-2025: 4.1%▼ -0.6% vs 10-2025
12-2025: 3.1%▼ -26.2% vs 11-2025
01-2026: 3.0%▼ -2.0% vs 12-2025
02-2026: 3.0%● 0.0% vs 01-2026
03-2026: 3.0%▼ -1.2% vs 02-2026
04-2026: 3.0%▲ +1.6% vs 03-2026
05-2026: 2.8%▼ -7.1% vs 04-2026
06-2026: 2.7%▼ -2.6% vs 05-2026lowest value
07-2026: 2.7%▲ +0.8% vs 06-2026
08-2026: 3.2%▲ +17.3% vs 07-2026
09-2026: 3.4%▲ +6.1% vs 08-2026
10-2026: 3.0%▼ -11.9% vs 09-2026
- Latest accounts 59 days late; 2 of the last 3 late raises the probability
- Liquidity: current ratio 1.25, cash €1, halved raises the probability
- Sector Specialised construction activities (NACE 43) raises the probability
- Size: total assets €106,598 lowers the probability for this profile
Credit up to €1,500 at 30 days acceptable
Liquidity tight (current ratio 1.25 against 1.0 in 2024; short-term debt: 67.6% and cash: 0% of total assets), and 69.1% of the assets are financed with debt.
How it is calculated
The band comes from the bankruptcy probability on a scale of 0 to 100: every 10 points more double the odds of getting through the year without bankruptcy.
| 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% |
Place inside the band: half the bankruptcy probability, half how the company does against its sector peers (NACE 43, micro). Better than this share of them on solvency 32%, liquidity 8%, profitability 31%, growth against the median 90%. That is performance, not lower risk; the band itself always comes from the probability.
Bankruptcy probability: model pd-v3.202610021621, computed on 02-10-2026. The model learns from Belgian bankruptcies and reads the registers, the annual accounts and the gazette.
Ceilings: negative or zero equity, a heavy loss, a special KBO legal situation and a missing filing 59 (two missing 44), an ongoing judicial reorganisation or an ending 24. Financial strength does not count in the score.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 28-09-2026, 59 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 · 8 filingsDeviation from the deadline
2025
59 d late
2024
29 d late
2023
82 d late
2022
58 d late
2021
5 d early
2020
13 d late
2018
12 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 35 days after 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 31-12-2026 and is due by 31-07-2027. Nothing is late today. Usually files around 27 September (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
02-10-2026 today31-12-2026 close31-07-2027 deadline
- Annual accounts filedfiscal year 2025 · micro…
- Back to profitnet €15,343
- Annual accounts filedfiscal year 2024 · micro…
Key points
By topic
Timeline
- Events
- 13
- Since
- 2018
- Next accounts
- by 31-07-2027
- 28-09-2026Annual accounts filed
- 31-12-2025Back to profit
- 29-08-2025Annual accounts filed
Company details
- Sites
- 1
- Legal form
- Private limited company (pre-2019)
- Activity
- General electrical installation workNACE 43211
- Founded
- 06-07-2016
- Year ends
- 31-12
- Peppol
- Reachable for e-invoices
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