TERDA
ActiveSummary
TERDA has been active since 2015 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €132,139 and a net result of €42,853. Equity is growing by ~7.5% per year across the filed fiscal years. The computed 12-month bankruptcy probability is 1.2% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability79▲+1
Solvency51▲+5
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
1.2%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €8,000 at 30 days acceptable
Liquidity ample (current ratio 1.73 against 1.55 in 2024; short-term debt: 12.4% and cash: 17.7% of total assets), but 74.5% of the assets are financed with debt.
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Two signals. The signal on the left, the evidence on the right.
+raises risk○neutral
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2025 was due by 31-10-2025 and was filed on 15-09-2025, 46 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
46 d early
2024
7 d early
2023
14 d early
2022
on the day
2021
52 d early
2020
5 d early
2019
35 d early
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 7 accounts on average 23 days before the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-03-2026 and is due by 31-10-2026. Nothing is late today.
Companies Code · seven monthsPosition in the running window
31-03-2026 close28-09-2026 today31-10-2026 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed
Is this your company? See how customers and banks see it.
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2025, micro schema
Equity
€132,139▲ 26.7%
2024 · €104,285
Total assets
€517,737▲ 4.3%
2024 · €496,529
Net result
€42,853▲ 22.1%
2024 · €35,104
Working capital
€46,751▲ 65.3%
2024 · €28,277
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€43,231▲ 433%€23,930▼ 44.6%€45,858▲ 91.6%€58,761▲ 28.1%€65,616▲ 11.7%
Net result€26,034▲ 6,156%€10,961▼ 57.9%€26,307▲ 140%€35,104▲ 33.4%€42,853▲ 22.1%
Equity€90,514▲ 21.0%€91,475▲ 1.1%€102,782▲ 12.4%€104,285▲ 1.5%€132,139▲ 26.7%
Total assets€419,775▲ 3.5%€521,848▲ 24.3%€517,004▼ 0.9%€496,529▼ 4.0%€517,737▲ 4.3%
Debt€329,261▼ 0.4%€430,372▲ 30.7%€414,223▼ 3.8%€392,243▼ 5.3%€385,598▼ 1.7%
Working capital€25,861▼ 58.0%€18,595▼ 28.1%€35,941▲ 93.3%€28,277▼ 21.3%€46,751▲ 65.3%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed three years in a row; 2025 is 12% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €517,737
Fixed assets
€406,851 ▼ 2.3%
Current assets
€110,886 ▲ 38.5%
Equity and liabilities €517,737
Equity
€132,139 ▲ 26.7%
Debt
€385,598 ▼ 1.7%
Debt's share of the balance-sheet total falls from 79.0% to 74.5%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€94,924▲
2024 · €87,139
Cash flow
€72,162▲
2024 · €63,482
Current ratio
1.73▲
2024 · 1.55
Debt to equity
2.92▼
2024 · 3.76
ROE
32.4%▼
2024 · 33.7%
ROA
8.3%▲
2024 · 7.1%
Interest coverage
12.94▲
2024 · 12.04
Debt ≤ 1 year
€64,135▲
2024 · €51,783
Debt > 1 year
€317,468▼
2024 · €337,232
Income taxes
€16,609▲
2024 · €16,432
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 2,605 companies that looked in July 2024 the way this one looks now, 1.0% went bankrupt within 24 months and 97% are still going.
- Small
- 10 to 20 years old
- solvency 10 to 30%
- a profit of 5% of the balance sheet or more
1.0%
went bankrupt
2.0%
stopped otherwise
97%
still going
A further 0.3% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 1.2% 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 497,662 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% | 1.7% |
| 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 75% 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 2,605 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 |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €22,478 | €39,905 | €31,230 | €28,378 | €29,308 | ▲ 3.3% |
| Other operating charges640/8 | - | €2,185 | €4,492 | €4,979 | €4,908 | ▼ 1.4% |
| Non-recurring operating charges66A | - | €4,020 | - | - | - | - |
| Gross operating margin9900 | €68,842 | €70,040 | €81,580 | €92,118 | €99,833 | ▲ 8.4% |
| Operating profit (loss)9901 | €43,231 | €23,930 | €45,858 | €58,761 | €65,616 | ▲ 11.7% |
| Financial income75/76B | - | €0 | €0 | €15 | €1,183 | ▲ 8,000% |
| Recurring financial income75 | €0 | €0 | €0 | €15 | €1,183 | ▲ 8,000% |
| Financial charges65/66B | - | €6,388 | €7,218 | €7,240 | €7,336 | ▲ 1.3% |
| Recurring financial charges65 | €5,571 | €6,388 | €7,218 | €7,240 | €7,336 | ▲ 1.3% |
| Profit (loss) for the period before taxes9903 | €37,660 | €17,542 | €38,641 | €51,536 | €59,463 | ▲ 15.4% |
| Income taxes67/77 | €11,625 | €6,581 | €12,334 | €16,432 | €16,609 | ▲ 1.1% |
| Profit (loss) for the period9904 | €26,034 | €10,961 | €26,307 | €35,104 | €42,853 | ▲ 22.1% |
| Profit (loss) for the period to be appropriated9905 | €26,034 | €10,961 | €26,307 | €35,104 | €42,853 | ▲ 22.1% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €419,775 | €521,848 | €517,004 | €496,529 | €517,737 | ▲ 4.3% |
| Fixed assets21/28 | €335,746 | €450,780 | €427,015 | €416,470 | €406,851 | ▼ 2.3% |
| Tangible fixed assets22/27 | €335,746 | €450,780 | €427,015 | €416,470 | €406,851 | ▼ 2.3% |
| Furniture and vehicles24 | - | €5,925 | €2,751 | €1,388 | €1,360 | ▼ 2.1% |
| Leasing and similar rights25 | - | €440,633 | €421,224 | €413,224 | €404,816 | ▼ 2.0% |
| Other tangible fixed assets26 | - | €4,221 | €3,039 | €1,857 | €675 | ▼ 63.6% |
| Current assets29/58 | €84,029 | €71,068 | €89,990 | €80,059 | €110,886 | ▲ 38.5% |
| Amounts receivable within one year40/41 | €15,318 | €16,996 | €14,015 | €14,018 | €18,140 | ▲ 29.4% |
| Trade receivables40 | - | €13,577 | €14,015 | €14,018 | €18,140 | ▲ 29.4% |
| Other amounts receivable41 | - | €3,419 | - | - | - | - |
| Cash at bank and in hand54/58 | €67,796 | €53,130 | €74,955 | €64,954 | €91,591 | ▲ 41.0% |
| Deferred charges and accrued income490/1 | - | €942 | €1,020 | €1,087 | €1,155 | ▲ 6.2% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €419,775 | €521,848 | €517,004 | €496,529 | €517,737 | ▲ 4.3% |
| Equity10/15 | €90,514 | €91,475 | €102,782 | €104,285 | €132,139 | ▲ 26.7% |
| Contributions10/11 | - | €18,600 | €18,600 | - | - | - |
| Reserves13 | €71,914 | €72,875 | €84,182 | €104,285 | €132,139 | ▲ 26.7% |
| Non-distributable reserves130/1 | - | €1,860 | €1,860 | - | - | - |
| Reserves not available under the articles1311 | - | €1,860 | €1,860 | - | - | - |
| Distributable reserves133 | - | €71,015 | €82,322 | €104,285 | €132,139 | ▲ 26.7% |
| Amounts payable17/49 | €329,261 | €430,372 | €414,223 | €392,243 | €385,598 | ▼ 1.7% |
| Amounts payable after more than one year17 | €269,031 | €375,786 | €356,669 | €337,232 | €317,468 | ▼ 5.9% |
| Financial debts170/4 | - | €355,786 | €336,669 | €317,232 | €297,468 | ▼ 6.2% |
| Other amounts payable178/9 | - | €20,000 | €20,000 | €20,000 | €20,000 | = |
| Amounts payable within one year42/48 | €58,168 | €52,473 | €54,049 | €51,783 | €64,135 | ▲ 23.9% |
| Current portion of amounts payable after more than one year42 | - | €18,801 | €19,116 | €19,438 | €19,764 | ▲ 1.7% |
| Trade debts44 | €3,853 | €4,827 | €1,733 | €1,935 | €4,608 | ▲ 138% |
| Suppliers440/4 | - | €4,827 | €1,733 | €1,935 | €4,608 | ▲ 138% |
| Taxes, remuneration and social security45 | - | €9,108 | €12,149 | €8,662 | €17,807 | ▲ 106% |
| Taxes450/3 | - | €9,108 | €12,149 | €8,662 | €15,407 | ▲ 77.9% |
| Remuneration and social security454/9 | - | - | - | - | €2,400 | - |
| Other amounts payable47/48 | - | €19,737 | €21,050 | €21,748 | €21,955 | ▲ 1.0% |
| Accrued charges and deferred income492/3 | - | €2,114 | €3,505 | €3,229 | €3,996 | ▲ 23.7% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €26,034 | €10,961 | €26,307 | €35,104 | €42,853 | ▲ 22.1% |
| + Depreciation and write-downs630 | €22,478 | €39,905 | €31,230 | €28,378 | €29,308 | ▲ 3.3% |
| Operating cash flow (approximation) | €48,512 | €50,866 | €57,537 | €63,482 | €72,162 | ▲ 13.7% |
| Investment in fixed assets (approximation) | - | -€154,938 | -€7,465 | -€17,834 | -€19,690 | ▼ 10.4% |
| Change in cash | - | -€14,666 | €21,825 | -€10,000 | €26,637 | ▲ 366% |
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
2025
15-09
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
31-03
Financial
Highest result since 2019net €42,853 ▲22.1%
Operating result €65,616, net result €42,853, both a record.
2024
24-10
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2023
17-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
31-03
Financial
Equity above €100,000Eq €102,782 ▲12.4%
5 profitable years in a row build equity to €102,782.
2022
31-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2021
09-09
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2020
26-10
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
31-03
Financial
Weakest financial yearnet €416 ▼98.9%
Net result drops to €416, the lowest in the series; recovery starts the following year.
2019
26-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2018
01-10
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2017
11-10
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2016
26-09
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.
0 of 3 acts read
About the unread acts
We know of 3 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Have them read with priority
Sign in to place this company at the front of the reading queue.
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, Harelbeke · 1 establishment unit since 2015
Ground area
2,627 m²
Building footprint
251 m²
Volume, LiDAR
1,075 m³
Parcel 34017B0638/00C000, Flanders · tallest building 8.0 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
TERDA
since 20152.241.243.594
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34017B0638/00C000 | Flanders | 2,627 m² | 1 · 251 m² | 8.0 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.
Identification & contact
Identification
Legal formPrivate limited company
Founded15-04-2015
Fiscal year end31-03
Activities, NACEBEL 2025
82990Other business support services
E-invoicing
Reachable via Peppol
Peppol ID
0208:0628598701
Also
9925:BE0628598701
Registered
06-01-2026
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.