TERBES
ActiveTERBES has been active since 2015 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €25k and a net result of €2k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 11% of 31487 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability37▼-63
Solvency5▲+2
Growth78=
Stability100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1k at 30 days only on tighter terms
Liquidity short (current ratio 0.63 against 0.58 in 2024), and 97.4% 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 · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Sector 70
lower
← 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
2.6%
Return on assets
0.2%
Age of the figures
8 mo
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 · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 11% of 31487 sector peers (2025).
NBB · sector comparisonPosition among 31487 sector peers
Solvency
better than 11%
← weakest
strongest →
lowers risk · Growing equity
Equity grew over 2023-2025. Profits are largely retained rather than distributed.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €25k
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 30-07-2026, 1 day ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
1 d early
2024
77 d early
2023
132 d early
2022
4 d early
2021
30 d early
2020
137 d early
2019
92 d early
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
12-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€25k▲ 8.1%
2024 · €23k
2018: €-1k
2019: €15k
2020: €5k
2021: €2k
2022: €8k
2023: €163
2024: €23k
2018 → 2025
Total assets
€967k▼ 0.5%
2024 · €972k
2018: €8k
2019: €18k
2020: €9k
2021: €259k
2022: €370k
2023: €1.00M
2024: €972k
2018 → 2025
Net result
€2k▼ 91.9%
2024 · €23k
2018: €-12k
2019: €17k
2020: €-10k
2021: €-15k
2022: €5k
2023: €-7k
2024: €23k
2018 → 2025
Working capital
€-54k▼ 51.3%
2024 · €-36k
2018: €-1k
2019: €15k
2020: €5k
2021: €10k
2022: €-5k
2023: €-31k
2024: €-36k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€2k-€8k▲ 245%€163▼ 97.9%€23k▲ 14,293%€25k▲ 8.1%
Operating result€-15k-€9k€-238€44k€22k▼ 50.3%
Net result€-15k-€5k€-7k€23k€2k▼ 91.9%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 50% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €967k
Fixed assets
€876k▼ 5.2%
Current assets
€92k▲ 86.2%
Equity and liabilities €967k
Equity
€25k▲ 8.1%
Debt
€942k▼ 0.8%
The debt ratio falls from 97.6% to 97.4%: equity grows while debt is paid down.
Key figures and ratios
EBITDA
€78k▼
2024 · €99k
Cash flow
€57k▼
2024 · €78k
Solvency
2.6%▲
2024 · 2.4%
Current ratio
0.63▲
2024 · 0.58
Quick ratio
0.08▼
2024 · 0.15
Debt / equity
37.11▼
2024 · 40.41
ROE
7.5%▼
2024 · 99.3%
ROA
0.2%▼
2024 · 2.4%
Interest coverage
3.84▼
2024 · 4.69
Debt
€942k▼
2024 · €949k
Debt ≤ 1 year
€145k▲
2024 · €85k
Debt > 1 year
€796k▼
2024 · €864k
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€972k€967k▼
Fixed assets21/28€923k€876k▼
Intangible fixed assets21€20k€2k▼
Tangible fixed assets22/27€903k€874k▼
Land and buildings22€792k€774k▼
Plant, machinery and equipment23€101k€93k▼
Furniture and vehicles24€10k€7k▼
Current assets29/58€49k€92k▲
Stocks and contracts in progress3€36k€81k▲
Stocks30/36€36k€81k▲
Amounts receivable within one year40/41€8k€0▼
Trade receivables40€8k€0▼
Other amounts receivable41€0-
Cash at bank and in hand54/58€0€10k▲
Deferred charges and accrued income490/1€4k€984▼
Equity and liabilities
Total equity and liabilities10/49€972k€967k▼
Equity10/15€23k€25k▲
Contributions10/11€19k€19k=
Reserves13-€7k
Distributable reserves133-€7k
Profit (loss) carried forward14€5k€0▼
Amounts payable17/49€949k€942k▼
Amounts payable after more than one year17€864k€796k▼
Financial debts170/4€864k€796k▼
Amounts payable within one year42/48€85k€145k▲
Current portion of amounts payable after more than one year42€40k€41k▲
Financial debts43-€30k
Credit institutions430/8-€30k
Trade debts44€9k€44k▲
Suppliers440/4€9k€44k▲
Taxes, remuneration and social security45€13k€7k▼
Taxes450/3€9k€7k▼
Remuneration and social security454/9€5k€0▼
Other amounts payable47/48€22k€23k▲
Income statement
Code20242025
Non-recurring operating income76A€20k€0▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€55k€56k▲
Other operating charges640/8€7k€6k▼
Gross operating margin9900€106k€84k▼
Operating profit (loss)9901€44k€22k▼
Financial income75/76B€0€0▲
Recurring financial income75€0€0▲
Financial charges65/66B€21k€20k▼
Recurring financial charges65€21k€20k▼
Profit (loss) for the period before taxes9903€23k€2k▼
Profit (loss) for the period9904€23k€2k▼
Profit (loss) for the period to be appropriated9905€23k€2k▼
Appropriation of the result
Profit (loss) to be appropriated9906€5k€7k▲
Profit (loss) brought forward from the previous period14P€-18k€5k▲
Transfer from equity791/2€0-
Transfer to equity691/2-€7k
To other reserves6921-€7k
The notes to these accounts (14 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
2026
30-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
15-05
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Back to profitnet €23k
Net result €23k after one loss-making year.
21-03
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
27-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Back to profitnet €5k
Net result €5k after 2 loss-making years.
01-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Weakest financial yearnet €-15k
Net result drops to €-15k, the lowest in the series; recovery starts the following year.
16-03
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
30-04
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Back to profitnet €17k
Net result €17k after one loss-making year.
31-12
Financial
Liquidity times 8current ratio 6.87
Current ratio from 0.84 to 6.87; short-term debt falls from €9k to €3k.
25-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
13-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
03-07
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
3 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, Torhout · 1 establishment unit since 2015
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.
Slingerstraat 508820 TorhoutGround area
2,070 m²
Building footprint
205 m²
Volume, LiDAR
882 m³
Parcel 31523F0550/00M000, Flanders · tallest building 6.8 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
TERBES
since 20152.245.446.466
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 31523F0550/00M000 | Flanders | 2,070 m² | 1 · 205 m² | 6.8 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
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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Nota Bene Consultancy
BE 0757.509.919
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Cometec
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Of 82,218 companies in sector 70200 we hold annual accounts for 52,393. 32,908 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded26-03-2015
Fiscal year end31-12
Activities, NACEBEL
70200Business and other management consultancy
70220Business consulting
55204Guest rooms (bed and breakfast)
64200Holdings
64210Activities of holding companies
86905Human health activities
86951Physiotherapy
Sources
Crossroads Bank for EnterprisesNational Bank · 10 filingsAddress and cadastre registers
Data from official sources, last processed on 11-09-2026. Scores and ratios are computed by Checked and are not a credit decision.