TERGECO
ActiveTERGECO has been active since 1995 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.05M and a net result of €1k. Equity is growing by ~10.3% per year across the filed fiscal years. Its solvency ranks better than 42% of 830 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
49
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability38=
Solvency51▲+1
Growth52=
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €50k at 30 days acceptable
Liquidity tight (current ratio 1.44 against 1.41 in 2024; short-term debt: 69.3% and cash: 0% of total assets), and 73.6% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven 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
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
26.4%
Return on assets
0%
Age of the figures
15 mo
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 30-01-2026, 1 day ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
1 d early
2024
5 d late
2023
on the day
2022
on the day
2021
4 d early
2020
15 d late
2019
15 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close23-09-2026 today31-01-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€1k▲ 3,276%
2024 · €44
2019: €39k
2020: €43k
2021: €93k
2022: €279k
2023: €4k
2024: €44
2019 → 2025
Working capital
€1.22M▲ 0.1%
2024 · €1.22M
2019: €694k
2020: €757k
2021: €871k
2022: €1.17M
2023: €1.20M
2024: €1.22M
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€765k-€1.04M▲ 36.5%€1.05M▲ 0.4%€1.05M=€1.05M▲ 0.1%
Operating result€180k-€442k▲ 146%€33k▼ 92.5%€84k▲ 153%€65k▼ 22.3%
Net result€93k-€279k▲ 200%€4k▼ 98.6%€44▼ 98.9%€1k▲ 3,276%
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 22% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Equity and liabilities €3.97M
Equity
€1.05M▲ 0.1%
Debt
€2.92M▼ 6.0%
The debt ratio falls from 74.8% to 73.6%. Equity is higher and debt is lower.
Key figures and ratios
Solvency
26.4%▲
2024 · 25.2%
Current ratio
1.44▲
2024 · 1.41
Quick ratio
1.05▼
2024 · 1.06
Debt / equity
2.78▼
2024 · 2.96
ROE
0.1%▲
2024 · 0.0%
ROA
0.0%▲
2024 · 0.0%
Debt
€2.92M▼
2024 · €3.11M
Debt ≤ 1 year
€2.75M▼
2024 · €2.94M
Income taxes
€756▲
2024 · €437
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€4.15M€3.97M▼
Current assets29/58€4.15M€3.97M▼
Stocks and contracts in progress3€1.04M€1.07M▲
Stocks30/36€1.04M€1.07M▲
Amounts receivable within one year40/41€2.92M€2.72M▼
Trade receivables40€93k€64k▼
Other amounts receivable41€2.83M€2.66M▼
Cash at bank and in hand54/58€3k€403▼
Deferred charges and accrued income490/1€183k€183k=
Equity and liabilities
Total equity and liabilities10/49€4.15M€3.97M▼
Equity10/15€1.05M€1.05M▲
Contributions10/11€300k€300k=
Outside capital11€300k€300k=
Other1109/19€300k€300k=
Reserves13€748k€749k▲
Distributable reserves133€748k€749k▲
Profit (loss) carried forward14€354€354=
Amounts payable17/49€3.11M€2.92M▼
Amounts payable within one year42/48€2.94M€2.75M▼
Financial debts43€2.37M€1k▼
Credit institutions430/8€2.37M€1k▼
Trade debts44€2k€4k▲
Suppliers440/4€2k€4k▲
Taxes, remuneration and social security45€16k€756▼
Taxes450/3€554€756▲
Remuneration and social security454/9€16k-
Other amounts payable47/48€547k€2.75M▲
Accrued charges and deferred income492/3€168k€168k=
Income statement
Code20242025
Remuneration, social security and pensions62€94k-
Other operating charges640/8€26€352▲
Gross operating margin9900€178k€66k▼
Operating profit (loss)9901€84k€65k▼
Financial income75/76B€89k-
Recurring financial income75€89k-
Financial charges65/66B€173k€63k▼
Recurring financial charges65€173k€63k▼
Profit (loss) for the period before taxes9903€480€2k▲
Income taxes67/77€437€756▲
Profit (loss) for the period9904€44€1k▲
Profit (loss) for the period to be appropriated9905€44€1k▲
Appropriation of the result
Profit (loss) to be appropriated9906€354€2k▲
Profit (loss) brought forward from the previous period14P€310€354▲
Transfer to equity691/2-€1k
To other reserves6921-€1k
Social balance
Average headcount (FTE)90870.7-
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
30-01
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
05-02
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 5 days late
2024
30-06
Financial
Weakest financial yearnet €44 ▼98.9%
Net result drops to €44, the lowest in the series; recovery starts the following year.
31-01
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
31-01
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
30-06
Financial
Highest result since 2019net €279k ▲200%
Operating result €442k, net result €279k, both a record.
30-06
Financial
Equity above €1MEq €1.04M ▲36.5%
4 profitable years in a row build equity to €1.04M.
27-01
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
15-02
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 15 days late
2020
16-01
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
16-01
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
06-02
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 6 days late
2017
31-01
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
5 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, Eupen · 1 establishment unit since 1995
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 Verviers 104700 EupenGround area
2,224 m²
Building footprint
720 m²
Volume, LiDAR
11,907 m³
2 parcels, Wallonia · tallest building 21.0 m, ±6 floors. Linked by address, not a title deed.
1 establishment unit
Heggen(BLN) 45 A, 4837 Baelen
since 19952.072.448.352
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 63302G0013/00B006 | Wallonia | 1,355 m² | 1 · 604 m² | 20.9 m · 6 fl. |
| 63004A0521/00S000 | Wallonia | 869 m² | 1 · 116 m² | 6.9 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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JAGERSHOF
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Of 29,801 companies in sector 41001 we hold annual accounts for 16,050. 6,252 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded19-05-1995
Fiscal year end30-06
Activities, NACEBEL
41001General construction of residential buildings
45211
Sources
Crossroads Bank for EnterprisesNational Bank · 30 filingsAddress and cadastre registers
Data from official sources, last processed on 23-09-2026. Scores and ratios are computed by Checked and are not a credit decision.