TERCHAP
ActiveTERCHAP has been active since 1998 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €43k and a net result of €-33k. Equity is shrinking by ~3.3% per year across the filed fiscal years. Its solvency ranks better than 13% of 27386 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2025
2
/ 100
Critical▼ -46 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability0=
Solvency5▼-17
Growth22=
Stability100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.47 against 1.09 in 2024), and 91.9% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Nine signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 41
Relative position
BE, all sectors
reference
Sector 41
higher
← fewer bankruptcies
more bankruptcies →
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 · 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
8.1%
Return on assets
-6.3%
Age of the figures
8 mo
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity fell accordingly. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year -€33k
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 13% of 27386 sector peers (2025).
NBB · sector comparisonPosition among 27386 sector peers
Solvency
better than 13%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 30-08-2026, 30 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 · 10 filingsDeviation from the deadline
2025
30 d late
2024
31 d late
2023
30 d early
2022
17 d early
2021
26 d late
2020
20 d late
2019
104 d late
← 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
14-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Turnover
€479k▼ 26.2%
2018 · €649k
2018: €649k
2018 → 2019
EBIT margin
-2.6%▼ 7.1pp
2018 · 4.6%
2018: 4.6%
2018 → 2019
Net result
€-33k▼ 1,590%
2024 · €-2k
2018: €22k
2019: €-19k
2020: €20k
2021: €15k
2022: €22k
2023: €-7k
2024: €-2k
2018 → 2025
Working capital
€-103k
2024 · €21k
2018: €-130k
2019: €-139k
2020: €-86k
2021: €-72k
2022: €-42k
2023: €-49k
2024: €21k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€96k-€110k▲ 14.7%€95k▼ 14.0%€85k▼ 10.8%€43k▼ 49.2%
Operating result€15k-€30k▲ 97.0%€-8k€6k€-28k
Net result€15k-€22k▲ 49.8%€-7k€-2k▲ 72.4%€-33k▼ 1,590%
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 €28k after €6k in 2024, the lowest year so far.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €528k
Fixed assets
€435k▲ 9.4%
Current assets
€93k▼ 63.0%
Equity and liabilities €528k
Equity
€43k▼ 49.2%
Debt
€485k▼ 14.0%
The debt ratio rises from 87.0% to 91.9%: equity shrinks faster than debt is paid down.
Key figures and ratios
EBITDA
€-6k▼
2024 · €34k
Cash flow
€-12k▼
2024 · €26k
Solvency
8.1%▼
2024 · 13.0%
Current ratio
0.47▼
2024 · 1.09
Quick ratio
0.47▼
2024 · 1.09
Debt / equity
11.29▲
2024 · 6.68
ROE
-77.6%▼
2024 · -2.3%
ROA
-6.3%▼
2024 · -0.3%
Interest coverage
-0.46▼
2024 · 2.08
Debt
€485k▼
2024 · €564k
Debt ≤ 1 year
€196k▼
2024 · €230k
Debt > 1 year
€289k▼
2024 · €334k
Income taxes
€178▲
2024 · €158
Staff costs
€113k▼
2024 · €121k
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€649k€528k▼
Fixed assets21/28€398k€435k▲
Tangible fixed assets22/27€380k€431k▲
Land and buildings22€216k€224k▲
Plant, machinery and equipment23€50k€45k▼
Furniture and vehicles24€473€2k▲
Other tangible fixed assets26€543€2k▲
Assets under construction and advance payments27€113k€159k▲
Financial fixed assets28€17k€4k▼
Current assets29/58€251k€93k▼
Amounts receivable within one year40/41€220k€85k▼
Trade receivables40€176k€77k▼
Other amounts receivable41€44k€7k▼
Cash at bank and in hand54/58€31k€8k▼
Equity and liabilities
Total equity and liabilities10/49€649k€528k▼
Equity10/15€85k€43k▼
Contributions10/11€19k€19k=
Reserves13€47k€47k=
Non-distributable reserves130/1€2k-
Reserves not available under the articles1311€2k-
Distributable reserves133€45k€47k▲
Profit (loss) carried forward14€8k€-25k▼
Investment grants15€11k€2k▼
Amounts payable17/49€564k€485k▼
Amounts payable after more than one year17€334k€289k▼
Financial debts170/4€334k€289k▼
Amounts payable within one year42/48€230k€196k▼
Current portion of amounts payable after more than one year42-€14k
Financial debts43€18k€20k▲
Credit institutions430/8€18k€20k▲
Trade debts44€37k€34k▼
Suppliers440/4€37k€34k▼
Taxes, remuneration and social security45€35k€9k▼
Taxes450/3€4k€4k▲
Remuneration and social security454/9€31k€5k▼
Other amounts payable47/48€140k€118k▼
Income statement
Code20242025
Non-recurring operating income76A€10k€13k▲
Goods, raw materials, services and sundry goods60/61€330k€198k▼
Remuneration, social security and pensions62€121k€113k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€28k€21k▼
Other operating charges640/8€4k€4k▼
Non-recurring operating charges66A€10k€5k▼
Gross operating margin9900€169k€116k▼
Operating profit (loss)9901€6k€-28k▼
Financial income75/76B€8k€8k▲
Recurring financial income75€8k€8k▲
Financial charges65/66B€16k€14k▼
Recurring financial charges65€16k€14k▼
Non-recurring financial charges66B-€263
Profit (loss) for the period before taxes9903€-2k€-33k▼
Income taxes67/77€158€178▲
Profit (loss) for the period9904€-2k€-33k▼
Profit (loss) for the period to be appropriated9905€-2k€-33k▼
Appropriation of the result
Profit (loss) to be appropriated9906€7k€-25k▼
Profit (loss) brought forward from the previous period14P€8k€8k=
Transfer from equity791/2€2k-
The notes to these accounts (11 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
30-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 30 days late
2025
31-12
Financial
Weakest financial yearnet €-33k
Net result drops to €-33k, the lowest in the series.
31-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 31 days late
2024
01-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
14-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Equity above €100kEq €110k ▲14.7%
3 profitable years in a row build equity to €110k.
26-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 26 days late
2021
20-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 20 days late
2020
31-12
Financial
Back to profitnet €20k
Net result €20k after one loss-making year.
12-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 104 days late
2019
12-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 12 days late
2018
30-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 30 days late
2017
30-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 30 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Chapelle-lez-Herlaimont · 1 establishment unit since 1998
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.
Rue de Manage 567160 Chapelle-lez-HerlaimontGround area
302 m²
Building footprint
48 m²
Volume, LiDAR
516 m³
Parcel 52010A0206/00P026, Wallonia · tallest building 12.9 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
TERCHAP
since 19982.088.301.815
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 52010A0206/00P026 | Wallonia | 302 m² | 1 · 47 m² | 12.9 m · 4 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.
Similar companies · same sector, comparable size
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BE 0801.691.835
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ADURO BUILD
BE 0889.168.118
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Spurs Klimaat
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Kortrijk · Eq €43k
AERBO-aannemingen
BE 1004.001.369
Antwerpen · Eq €43k
Of 29,531 companies in sector 41001 we hold annual accounts for 15,868. 12,790 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded09-01-1998
Fiscal year end31-12
Activities, NACEBEL
41001General construction of residential buildings
43331Floor and wall tiling
45211
45250
43422Screed work
Sources
Crossroads Bank for EnterprisesNational Bank · 28 filingsAddress and cadastre registers
Data from official sources, last processed on 13-09-2026. Scores and ratios are computed by Checked and are not a credit decision.