TERGHAVER
ActiveSummary
TERGHAVER has been active since 1996 and the Belgian State Gazette contains no insolvency or warning signals. The 2026 annual accounts show negative equity (-€63,035) and a net result of -€630. Equity is shrinking by ~8% per year across the filed fiscal years. The computed 12-month bankruptcy probability is 1.4% (low).
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Signals
This company filed its last 7 accounts on average 21 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)
History
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Financials · fiscal year 2026, abbreviated schema
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Peer companies
Historical observationOf the 2,795 companies that looked in July 2024 the way this one looks now, 2.1% went bankrupt within 24 months and 90% are still going.
- Micro
- 20 years or older
- negative equity
- a small loss
A further 1.7% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 1.4% 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 2,795 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.
| Line | 2022 | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | €2,627 | €5,541 | €6,298 | ▲ 13.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €4,192 | €4,330 | €1,975 | €6,007 | €3,976 | ▼ 33.8% |
| Other operating charges640/8 | €2,639 | €173 | €1,198 | €2,429 | €993 | ▼ 59.1% |
| Gross operating margin9900 | €2,668 | €342 | €1,329 | €2,539 | €4,399 | ▲ 73.2% |
| Operating profit (loss)9901 | -€4,163 | -€4,161 | -€1,844 | -€5,897 | -€570 | ▲ 90.3% |
| Financial income75/76B | - | - | - | €0 | - | - |
| Recurring financial income75 | - | - | - | €0 | - | - |
| Non-recurring financial income76B | - | - | - | €0 | - | - |
| Financial charges65/66B | €642 | €31 | €30 | €103 | €60 | ▼ 41.7% |
| Recurring financial charges65 | €642 | €31 | €30 | €103 | €60 | ▼ 41.7% |
| Profit (loss) for the period before taxes9903 | -€4,805 | -€4,192 | -€1,875 | -€6,000 | -€630 | ▲ 89.5% |
| Profit (loss) for the period9904 | -€4,805 | -€4,192 | -€1,875 | -€6,000 | -€630 | ▲ 89.5% |
| Profit (loss) for the period to be appropriated9905 | -€4,805 | -€4,192 | -€1,875 | -€6,000 | -€630 | ▲ 89.5% |
| Line | 2022 | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €81,659 | €77,787 | €75,907 | €69,854 | €65,551 | ▼ 6.2% |
| Fixed assets21/28 | €81,452 | €77,391 | €75,416 | €69,409 | €65,433 | ▼ 5.7% |
| Tangible fixed assets22/27 | €81,402 | €77,341 | €75,366 | €69,359 | €65,383 | ▼ 5.7% |
| Land and buildings22 | €80,901 | €76,840 | €74,934 | €69,163 | €65,298 | ▼ 5.6% |
| Plant, machinery and equipment23 | €502 | €501 | €432 | €197 | €85 | ▼ 56.7% |
| Financial fixed assets28 | €50 | €50 | €50 | €50 | €50 | = |
| Current assets29/58 | €207 | €396 | €491 | €444 | €117 | ▼ 73.6% |
| Cash at bank and in hand54/58 | €207 | €396 | €491 | €444 | €117 | ▼ 73.6% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €81,659 | €77,787 | €75,907 | €69,854 | €65,551 | ▼ 6.2% |
| Equity10/15 | -€50,339 | -€54,531 | -€56,405 | -€62,405 | -€63,035 | ▼ 1.0% |
| Contributions10/11 | €18,592 | €18,592 | €18,592 | €18,592 | €18,592 | = |
| Capital10 | €18,592 | €18,592 | €18,592 | €18,592 | €18,592 | = |
| Issued capital100 | €18,592 | €18,592 | €18,592 | €18,592 | €18,592 | = |
| Reserves13 | €1,859 | €1,859 | €1,859 | €1,859 | €1,859 | = |
| Non-distributable reserves130/1 | €1,859 | €1,859 | €1,859 | €1,859 | €1,859 | = |
| Legal reserve130 | €1,859 | €1,859 | €1,859 | €1,859 | €1,859 | = |
| Profit (loss) carried forward14 | -€70,790 | -€74,982 | -€76,856 | -€82,856 | -€83,487 | ▼ 0.8% |
| Amounts payable17/49 | €131,998 | €132,318 | €132,312 | €132,259 | €128,586 | ▼ 2.8% |
| Amounts payable within one year42/48 | €1,091 | €2,315 | - | €1,474 | - | - |
| Trade debts44 | €1,091 | €2,315 | - | €1,474 | - | - |
| Suppliers440/4 | €1,091 | €2,315 | - | €1,474 | - | - |
| Accrued charges and deferred income492/3 | €130,907 | €130,003 | €132,312 | €130,785 | €128,586 | ▼ 1.7% |
| Line | 2022 | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€4,805 | -€4,192 | -€1,875 | -€6,000 | -€630 | ▲ 89.5% |
| + Depreciation and write-downs630 | €4,192 | €4,330 | €1,975 | €6,007 | €3,976 | ▼ 33.8% |
| Operating cash flow (approximation) | -€613 | €138 | €100 | €7 | €3,346 | ▲ 50,596% |
| Investment in fixed assets (approximation) | - | -€269 | €0 | €0 | €0 | - |
| Change in cash | - | €189 | €95 | -€47 | -€327 | ▼ 600% |
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
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
Directors · office · real estate
1 establishment unit
1 parcel
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 13302D0667/00W004 | Flanders | 102 m² | 1 · 57 m² | 10.1 m · 3 fl. |
Linked by address, not proof of ownership
Identification & contact
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.