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TERCHAP

Active
Private limited companyfounded 1998active for 28 yearsRue de Manage 56, 7160 Chapelle-lez-Herlaimont, BelgiumKBO/BCE: BE 0462.389.397
Summary

The computed 12-month bankruptcy probability of TERCHAP is 1.6% (moderate). The 2025 annual accounts show equity of €42,961 and a net result of -€33,319. Equity is shrinking by about 3.3% per year across the filed financial years. Its solvency ranks better than 13% of 34,807 sector peers (NACE 43, financial year 2025). The company has been active since 1998 and the Belgian Official Gazette contains no insolvency or warning signals.

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TERCHAPActiveChecked score 53/100
Risk analysis ReportCompare

Overview

Activity
Floor and wall tiling
NACE 43331General construction of residential buildings NACE 41001
6th largest company by total assets in Chapelle-lez-Herlaimont, Construction sector1 site
Size
≈ €390,000turnover 2025, estimated
Staff
7.5 FTE
Equity
€42,961
Loss
-€33,319
Turnover estimated from the gross margin
Financial health
53 Fair Checked score 2025
Bankruptcy probabilitywithin 12 months
1.6%
Structure
2025 accounts filed 30 days late1 of 2 deeds summarised
Why 53raises riskSector: Specialised construction activities (NACE 43)Loss of €33,319, the second in a row (financial year 2025)Last filed accounts filed 30 days late; 1 of the last 3 latelowers riskSize: total assets €527,998Show the evidence

Checked score

Score 2025
53 / 100
Fair
Probability in this band: 1.5% to 4.2%
Financially better than 14% of its sector peers (NACE 43, micro)
Every signal that counts is listed under Signals.
Financial strength · tick = 2024
Weak
Solvency 33-5
equity 8.1% of total assets
Liquidity 35-5
short-term debt 37.1% · cash 1.6%
Profitability 11-25
return on assets -6.3%
Bankruptcy probability, 12 months
1.6% Moderate
0%0.5%1.5%4%10%≥ 25%

About 2 in 100 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.7% (47,663 companies, NACE 43, micro)
Last 24 months 11-2024: 0.7% 12-2024: 0.7%● unchanged vs 11-2024 01-2025: 0.7%● unchanged vs 12-2024 02-2025: 0.7%● unchanged vs 01-2025 03-2025: 0.7%● unchanged vs 02-2025 04-2025: 0.7%● unchanged vs 03-2025 05-2025: 0.7%● unchanged vs 04-2025 06-2025: 0.7%● unchanged vs 05-2025 07-2025: 0.9%▲ +0.2 percentage points vs 06-2025 08-2025: 1.4%▲ +0.5 percentage points vs 07-2025 09-2025: 1.7%▲ +0.3 percentage points vs 08-2025highest value 10-2025: 0.6%▼ -1.1 percentage points vs 09-2025 11-2025: 0.6%● unchanged vs 10-2025 12-2025: 0.6%● unchanged vs 11-2025 01-2026: 0.6%● unchanged vs 12-2025 02-2026: 0.6%● unchanged vs 01-2026 03-2026: 0.6%● unchanged vs 02-2026lowest value 04-2026: 0.6%● unchanged vs 03-2026 05-2026: 0.7%▲ +0.1 percentage points vs 04-2026 06-2026: 0.7%● unchanged vs 05-2026 07-2026: 0.7%● unchanged vs 06-2026 08-2026: 1.2%▲ +0.5 percentage points vs 07-2026 09-2026: 1.6%▲ +0.4 percentage points vs 08-2026 10-2026: 1.6%● unchanged vs 09-2026
Credit of up to €2,000 on 30-day terms is acceptable
Liquidity insufficient (current ratio 0.47, compared with 1.09 in 2024, below 1; short-term debt: 37.1% and cash: 1.6% of total assets), and 91.9% of the assets are financed with debt and provisions.
How it is calculated

The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:

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%

Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 43, micro): better than 13% on solvency, 23% on liquidity, 12% on profitability and 9% on growth.

The bankruptcy probability was computed on 29-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.

Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).

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Signals

Seven signals.
lowers riskraises risk
raises risk · Sector: Specialised construction activities (NACE 43)
KBO
raises risk · Loss of €33,319, the second in a row (financial year 2025)
NBB · annual accounts
lowers risk · Size: total assets €527,998
Companies of this size fail less often; how much that weighs depends on the rest of its profile.
NBB · annual accounts
raises risk · Last filed accounts filed 30 days late; 1 of the last 3 late
NBB · filings
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025
Net result per financial year
1819202122232425
2018 to 2025 · latest year -€33,319
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 13% of 34807 sector peers (2025).
NBB · sector comparison
Position among 34807 sector peers
Solvency
better than 13%
← weakest strongest →
raises risk · 2025 accounts filed 30 days late
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. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 10 filings
Deviation from the deadline
2025
30 days late
2024
31 days late
2023
30 days early
2022
17 days early
2021
26 days late
2020
20 days late
2019
104 days 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 23 days after the deadline; the sector median (NACE 43) for financial year 2024 is 1 day before the deadline, and 43% of those companies filed late.

Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 26 August (4 of the last 5 filed years within 43 days of that day).
Companies Code · seven months
Where today falls in the filing period
30-10-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
Searched since 2021.
KBO publications · our coverage
  1. Annual accounts filedfinancial year 2025 · micro…
  2. Weakest financial yearnet -€33,319
  3. Resignation: TERNAD Hassan (manager)Appointment: TERNAD Hassan (director) ·…

Key points

  • Risk: 3 loss-making years in a rowloss financial year 2025 -€33,319 View
  • Caution: Among the weakest 5% on net resultsector median €10,234 · 34,794 companies -€33,319 View
  • One director decidessole director in office 1 View

By topic

Financials

Financial year
2025
Total assets
€527,998
Loss
-€33,319
Solvency
8.1%
Turnover▼ 26.2%
Net result
20182019
Go to Financials

Timeline

Events
32
Since
1999
Next accounts
by 31-07-2027
  1. 31-08-2025Annual accounts filed
  2. 01-07-2024Annual accounts filed
  3. 14-07-2023Annual accounts filed
Go to Timeline

Company details

Sites
1
Legal form
Private limited company
Activity
Floor and wall tilingNACE 43331
Founded
09-01-1998
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

Articles of association

Provisions read
81
Who signs
Each director alone
Annual meeting
Last Friday of June at 14:00
Purpose
“L'exploitation de tous genres de débits de boissons, restaurants, traiteur, l'organisation…” (deed in French)
Go to Articles of association

Key facts about TERCHAP

What is the company number of TERCHAP?
0462.389.397. In Belgium the VAT number is the company number with BE in front: BE 0462.389.397.
Where is TERCHAP based?
The registered office is at Rue de Manage 56, 7160 Chapelle-lez-Herlaimont.Company details
What does TERCHAP do?
According to the KBO register, the main activity is floor and wall tiling (NACE 43331).
What is the legal form of TERCHAP?
Private limited company (BV).
When was TERCHAP founded?
On 09-01-1998.
Is TERCHAP still active?
Yes, TERCHAP is an active enterprise in the KBO register.
How many employees does TERCHAP have?
On average 7.5 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
What is the turnover of TERCHAP?
€479,492 in financial year 2019, according to the filed annual accounts.
Is TERCHAP profitable?
In financial year 2025, TERCHAP made a loss of €33,319.
Where can I find the annual accounts of TERCHAP?
TERCHAP filed 28 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
When are the next annual accounts of TERCHAP due?
By 31-07-2027, for financial year 2026.Timeline

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