TERENCO
ActiveThe computed 12-month bankruptcy probability of TERENCO is 3.1% (moderate). The 2025 annual accounts show negative equity (€-329k) and a net result of €-9k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 5% of 3668 sector peers (fiscal year 2025). The company has been active since 2016 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
28
/ 100
Weak
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability0▼-100
Solvency0=
Growth58=
Track record100
Bankruptcy probability, 12 months
3.1%
Moderate
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.08 against 0.09 in 2024; cash: 44.8% of total assets), and equity is negative.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
+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 56
Relative position
BE, all sectors
reference
Sector 56
higher
← fewer bankruptcies
more bankruptcies →
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
Return on assets
-28.5%
Age of the figures
9 mo
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €-329k
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 28-08-2026, 28 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
28 d late
2024
6 d early
2023
35 d late
2022
6 d early
2021
25 d early
2020
1 d early
2019
67 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
22-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€-329k▼ 2.7%
2024 · €-320k
2018: €44k
2019: €-317k
2020: €-572k
2021: €-717k
2022: €-1.01M
2023: €-1.10M
2024: €-320k
2018 → 2025
Total assets
€30k▲ 0.1%
2024 · €30k
2018: €2.15M
2019: €1.90M
2020: €953k
2021: €778k
2022: €539k
2023: €499k
2024: €30k
2018 → 2025
Net result
€-9k
2024 · €784k
2018: €-137k
2019: €-361k
2020: €-256k
2021: €-145k
2022: €-288k
2023: €-100k
2024: €784k
2018 → 2025
Working capital
€-329k▼ 4.0%
2024 · €-316k
2018: €-696k
2019: €-870k
2020: €-841k
2021: €-932k
2022: €-1.17M
2023: €-1.29M
2024: €-316k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€-717k-€-1.01M▼ 40.1%€-1.10M▼ 9.9%€-320k▲ 71.0%€-329k▼ 2.7%
Operating result€-120k-€-256k▼ 114%€-90k▲ 65.0%€1.01M€-2k
Net result€-145k-€-288k▼ 98.4%€-100k▲ 65.4%€784k€-9k
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €2k after €1.01M in 2024.
Key figures and ratios
Current ratio
0.08▼
2024 · 0.09
Quick ratio
0.08▼
2024 · 0.09
Debt / equity
-1.09▲
2024 · -1.09
ROA
-28.5%
Debt
€359k▲
2024 · €350k
Debt ≤ 1 year
€359k▲
2024 · €346k
A ratio outside any meaningful range has been withheld (balance sheet total €30k, equity €-329k).
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€30k€30k▲
Current assets29/58€30k€30k▲
Amounts receivable within one year40/41€24k€16k▼
Other amounts receivable41€24k€16k▼
Cash at bank and in hand54/58€4k€14k▲
Deferred charges and accrued income490/1€2k€696▼
Equity and liabilities
Total equity and liabilities10/49€30k€30k▲
Equity10/15€-320k€-329k▼
Contributions10/11€200k€200k=
Profit (loss) carried forward14€-520k€-529k▼
Amounts payable17/49€350k€359k▲
Amounts payable within one year42/48€346k€359k▲
Trade debts44€12k€16k▲
Suppliers440/4€12k€16k▲
Taxes, remuneration and social security45€36k€36k▲
Taxes450/3€36k€36k▲
Other amounts payable47/48€298k€308k▲
Accrued charges and deferred income492/3€4k-
Income statement
Code20242025
Non-recurring operating income76A€1.12M-
Remuneration, social security and pensions62€66k-
Other operating charges640/8€6k€731▼
Gross operating margin9900€1.08M€-1k▼
Operating profit (loss)9901€1.01M€-2k▼
Financial income75/76B€1k€453▼
Recurring financial income75€1k€453▼
Financial charges65/66B€222k€7k▼
Recurring financial charges65€72k€958▼
Non-recurring financial charges66B€150k€6k▼
Profit (loss) for the period before taxes9903€784k€-9k▼
Profit (loss) for the period9904€784k€-9k▼
Profit (loss) for the period to be appropriated9905€784k€-9k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-520k€-529k▼
Profit (loss) brought forward from the previous period14P€-1.30M€-520k▲
Social balance
Average headcount (FTE)90873.5-
The notes to these accounts (5 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
28-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 28 days late
2025
25-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Back to profitnet €784k
Net result €784k after 6 loss-making years.
04-09
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 35 days late
2023
25-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
06-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
30-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
06-10
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 67 days late
2019
31-12
Financial
Weakest financial yearnet €-361k
Net result drops to €-361k, the lowest in the series; recovery starts the following year.
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 30 days late
2018
10-10
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 71 days late
2017
10-10
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 71 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, Brugge · 1 establishment unit since 2016
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.
Leikendreef 2a8200 BruggeGround area
1.3 ha
Building footprint
2,247 m²
Volume, LiDAR
1,689 m³
2 parcels, Flanders · tallest building 7.2 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Terenco
since 20162.249.562.632
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 31030A0675/00V000 | Flanders | 1.0 ha | 1 · 1,896 m² | - |
| 31362B0123/00S000indicative | Flanders | 2,971 m² | 1 · 351 m² | 7.2 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
1 of 2 parcels 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
DOPAVIC
BE 0735.799.438
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ELIETTE
BE 0806.778.296
Liège · Eq €44k
KANTAR
BE 0782.376.660
Gent · Eq €44k
Surprice Desserts
BE 0823.243.750
Houthulst · Eq €44k
TERRE ET VINS
BE 0657.916.455
Verviers · Eq €44k
Of 21,896 companies in sector 56112 we hold annual accounts for 9,785. 8,435 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded28-01-2016
Fiscal year end31-12
Activities, NACEBEL
56102Limited-service restaurants
56112Limited-service restaurants, excluding mobile food services
56301Cafés and bars
Sources
Crossroads Bank for EnterprisesNational Bank · 10 filingsAddress and cadastre registers
Data from official sources, last processed on 20-09-2026. Scores and ratios are computed by Checked and are not a credit decision.