TEREO
ActiveSummary
TEREO has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €7,500 and a net result of €86,693. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 14% of 31942 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability100▲+100
Solvency32▲+11
Growth58▲+26
Track record94
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €500 at 30 days acceptable
Liquidity tight (current ratio 1.03 against 0.32 in 2024; short-term debt: 93.4% and cash: 70.4% of total assets), and 93.4% of the assets are financed with debt.
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Signals
Six 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
Activities of head offices; management consultancy activities (NACE 70)
about 69% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
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
6.6%
Return on assets
76.6%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 14% of 31942 sector peers (2025).
NBB · sector comparisonPosition among 31942 sector peers
Solvency
better than 14%
← weakest
strongest →
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 19-03-2026, 134 days ahead of the deadline.
NBB · 4 filingsDeviation from the deadline
2025
134 d early
2024
20 d late
2023
27 d early
2022
25 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 4 accounts on average 29 days before the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 32% of the sector filed late.
Checked, nothing found (2)
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. Usually files around 28 July (3 of the last 4 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
29-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€7,500
2024 · -€458
Total assets
€113,239▲ 894%
2024 · €11,395
Net result
€86,693
2024 · -€22,531
Working capital
€2,902
2024 · -€7,772
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line2022202320242025
Operating result€17,687-€8,647▼ 51.1%-€21,924€109,492
Net result€10,427within the sector's middle half-€4,146within the sector's middle half▼ 60.2%-€22,531below the sector's middle half€86,693above the sector's middle half
Equity€17,927below the sector's middle half-€22,072below the sector's middle half▲ 23.1%-€458below the sector's middle half€7,500below the sector's middle half
Total assets€60,876below the sector's middle half-€53,161below the sector's middle half▼ 12.7%€11,395below the sector's middle half▼ 78.6%€113,239within the sector's middle half▲ 894%
Debt€42,949-€31,089▼ 27.6%€11,854▼ 61.9%€105,739▲ 792%
Working capital€10,176within the sector's middle half-€20,016within the sector's middle half▲ 96.7%-€7,772below the sector's middle half€2,902within the sector's middle half
Solvency29.4%within the sector's middle half-41.5%within the sector's middle half▲ 12.1pp-4.0%below the sector's middle half▼ 45.5pp6.6%below the sector's middle half▲ 10.6pp
Current ratio1.33within the sector's middle half-1.89within the sector's middle half▲ 0.560.32below the sector's middle half▼ 1.571.03within the sector's middle half▲ 0.71
Return on assets (ROA)17.1%within the sector's middle half-7.8%within the sector's middle half▼ 9.3pp-197.7%below the sector's middle half▼ 205.5pp76.6%above the sector's middle half▲ 274.3pp
above
within
below
the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €109,492 after a loss of €21,924 in 2024, the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €113,061
Fixed assets
€4,421 ▼ 39.3%
Current assets
€108,640 ▲ 2,864%
Equity and liabilities €113,239
Equity
€7,500
Debt
€105,739
Debt finances 93.4% of the balance-sheet total.
Key figures and ratios
EBITDA
€115,004▲
2024 · -€15,175
Cash flow
€92,205▲
2024 · -€15,782
Debt to equity
14.10
Interest coverage
537.60▲
2024 · -61.15
Debt ≤ 1 year
€105,739▲
2024 · €11,437
Income taxes
€23,185▲
2024 · €360
A ratio outside any meaningful range has been withheld (balance sheet total €113,239, equity €7,500).
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 2,153 companies that looked in July 2024 the way this one looks now, 1.7% went bankrupt within 24 months and 96% are still going.
- Micro
- 5 to 10 years old
- solvency under 10%
- a profit of 5% of the balance sheet or more
1.7%
went bankrupt
2.2%
stopped otherwise
96%
still going
A further 0.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.4% 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 497,338 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.9% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% 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 2,153 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 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €11,219 | €9,271 | €6,749 | €5,512 | ▼ 18.3% |
| Other operating charges640/8 | €1,810 | €1,176 | €2,536 | €1,308 | ▼ 48.4% |
| Gross operating margin9900 | €30,716 | €19,094 | -€12,639 | €116,312 | ▲ 1,020% |
| Operating profit (loss)9901 | €17,687 | €8,647 | -€21,924 | €109,492 | ▲ 599% |
| Financial income75/76B | - | €0 | €2 | €600 | ▲ 29,887% |
| Recurring financial income75 | - | €0 | €2 | €600 | ▲ 29,887% |
| Financial charges65/66B | €898 | €780 | €248 | €214 | ▼ 13.8% |
| Recurring financial charges65 | €898 | €780 | €248 | €214 | ▼ 13.8% |
| Profit (loss) for the period before taxes9903 | €16,790 | €7,867 | -€22,170 | €109,878 | ▲ 596% |
| Income taxes67/77 | €6,363 | €3,721 | €360 | €23,185 | ▲ 6,334% |
| Profit (loss) for the period9904 | €10,427 | €4,146 | -€22,531 | €86,693 | ▲ 485% |
| Profit (loss) for the period to be appropriated9905 | €10,427 | €4,146 | -€22,531 | €86,693 | ▲ 485% |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €60,876 | €53,161 | €11,395 | €113,239 | ▲ 894% |
| Formation expenses20 | €974 | €709 | €443 | €177 | ▼ 60.0% |
| Fixed assets21/28 | €19,010 | €10,005 | €7,288 | €4,421 | ▼ 39.3% |
| Tangible fixed assets22/27 | €19,010 | €10,005 | €7,288 | €4,421 | ▼ 39.3% |
| Plant, machinery and equipment23 | €1,121 | €716 | €3,163 | €4,281 | ▲ 35.4% |
| Furniture and vehicles24 | €5,129 | €1,176 | €658 | €141 | ▼ 78.6% |
| Leasing and similar rights25 | €12,760 | €8,113 | €3,467 | - | - |
| Current assets29/58 | €40,891 | €42,447 | €3,665 | €108,640 | ▲ 2,864% |
| Amounts receivable within one year40/41 | €11,694 | €35,985 | €3,631 | €28,485 | ▲ 685% |
| Trade receivables40 | €6,414 | €31,560 | €3,620 | €5,751 | ▲ 58.9% |
| Other amounts receivable41 | €5,280 | €4,425 | €10 | €22,734 | ▲ 224,325% |
| Cash at bank and in hand54/58 | €29,054 | €6,079 | €34 | €79,751 | ▲ 233,364% |
| Deferred charges and accrued income490/1 | €144 | €382 | €0 | €403 | - |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €60,876 | €53,161 | €11,395 | €113,239 | ▲ 894% |
| Equity10/15 | €17,927 | €22,072 | -€458 | €7,500 | ▲ 1,736% |
| Contributions10/11 | €7,500 | €7,500 | €7,500 | €7,500 | = |
| Profit (loss) carried forward14 | €10,427 | €14,572 | -€7,958 | - | - |
| Amounts payable17/49 | €42,949 | €31,089 | €11,854 | €105,739 | ▲ 792% |
| Amounts payable after more than one year17 | €8,433 | €3,957 | €0 | - | - |
| Financial debts170/4 | €8,433 | €3,957 | €0 | - | - |
| Amounts payable within one year42/48 | €30,716 | €22,431 | €11,437 | €105,739 | ▲ 825% |
| Current portion of amounts payable after more than one year42 | €8,130 | €4,477 | €3,957 | - | - |
| Trade debts44 | €2,374 | €3,137 | €1,338 | €3,354 | ▲ 151% |
| Suppliers440/4 | €2,374 | €3,137 | €1,338 | €3,354 | ▲ 151% |
| Taxes, remuneration and social security45 | €19,602 | €14,728 | €6,142 | €23,651 | ▲ 285% |
| Taxes450/3 | €13,640 | €13,155 | €6,142 | €23,651 | ▲ 285% |
| Remuneration and social security454/9 | €5,962 | €1,573 | €0 | - | - |
| Other amounts payable47/48 | €609 | €90 | €0 | €78,734 | - |
| Accrued charges and deferred income492/3 | €3,800 | €4,701 | €417 | - | - |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €10,427 | €4,146 | -€22,531 | €86,693 | ▲ 485% |
| + Depreciation and write-downs630 | €11,219 | €9,271 | €6,749 | €5,512 | ▼ 18.3% |
| Operating cash flow (approximation) | €21,646 | €13,416 | -€15,782 | €92,205 | ▲ 684% |
| Investment in fixed assets (approximation) | - | -€266 | -€4,031 | -€2,646 | ▲ 34.4% |
| Change in cash | - | -€22,974 | -€6,045 | €79,717 | ▲ 1,419% |
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
2026
19-03
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Back to profitnet €86,693
Net result €86,693 after one loss-making year.
31-12
Financial
Liquidity triplescurrent ratio 1.03
Current ratio from 0.32 to 1.03.
20-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 20 days late
2024
31-12
Financial
Weakest financial yearnet -€22,531
Net result drops to -€22,531, the lowest in the series; recovery starts the following year.
04-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
25-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 25 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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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, Rixensart · 1 establishment unit since 2021
Ground area
717 m²
Building footprint
110 m²
Volume, LiDAR
609 m³
Parcel 25033A0671/00C000, Wallonia · tallest building 7.3 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
TEREO
since 20212.321.125.371
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25033A0671/00C000 | Wallonia | 717 m² | 1 · 110 m² | 7.3 m · 2 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.
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Of 82,646 companies in sector 70200 we hold annual accounts for 52,627. 19,792 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded01-09-2021
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
46649Wholesale of other machinery and equipment
46900Non-specialised wholesale trade
82990Other business support services
E-invoicing
Reachable via Peppol
Peppol ID
0208:0773389710
Registered
12-12-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.