TERING
ActiveSummary
TERING has been active since 2011 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €53,327 and a net result of €12,024. Equity has been growing by about 46% per year since 2018. Its solvency ranks better than 81% of 16,996 sector peers (NACE 56, financial year 2025). The computed 12-month bankruptcy probability is 0.8% (low).
Overview
Overview
Official details
Source: KBO- Status
- Active since 20-06-2011 Normal situation
- Activity
- Full-service restaurants NACE 56111and 1 other
- Establishment unit
- 2.201.246.239 4700 Eupen, since 01-07-2011
- Financial year end
- 31 December
- Peppol
- Reachable since 26-12-2025
Financial position
- Bankruptcy probabilitywithin 12 months
- 0.8%
- Gross margin
- €61,360
- ▲ 9.8%
- Turnover
- ≈ €200,000
- estimated
- Profit
- €12,024
- ▼ 31.8%
- Equity
- €53,327
- ▲ 29.1%
- Total assets
- €80,469
- ▲ 12.0%
- Employees on 31-12-2025
- 1
- ▼ 50.0%
Score breakdownraises riskSector: Food and beverage service activities (NACE 56)Size: total assets €80,4691 of the last 3 accounts latelowers riskFounded in 2011Show the evidence
Checked score
About 8 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 56, micro). It does better than 81% of them on solvency, 56% on liquidity, 76% on profitability and 72% on growth.
The bankruptcy probability was computed on 02-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
The company filed its last 7 accounts on average 24 days after the deadline. In the sector (NACE 56), the median for financial year 2024 was 7 days after the deadline, and 53% of those companies filed late.
Searched, nothing found (2)
Financials
Financials · financial year 2025, micro format
Annual accounts 2025 filed on 06-07-2026 at the NBB all 15 filings
Every figure per financial year
The operating result for 2025 is 24% lower than in 2024. It is the second fall in a row.
The turnover shown is an estimate from the gross margin.
Staff
| Item | 31-12-2021 | 31-12-2022 | 31-12-2023 | 31-12-2024 | 31-12-2025 |
|---|---|---|---|---|---|
| Employees at the balance-sheet date | - | - | - | 2 | 1 |
| full-time | - | - | - | 2 | 1 |
| in full-time equivalents | - | - | - | 2 | 1 |
| Average over the year, in full-time equivalents | 0.3 | 0.3 | 0.6 | 0.7 | 1.1 |
| Joined | 98 | 181 | 232 | 251 | 340 |
| Left | 98 | 181 | 232 | 249 | 341 |
Source: social balance sheet in the 2021 to 2025 annual accounts
Investments
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Tangible fixed assets | €1,105 | €11,278 | €5,763 | - | - |
| Depreciation and write-downs of the year | €3,803 | €5,172 | €5,402 | €5,514 | €5,274 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | - | €7,536 | €14,231 | €21,342 | €24,235 | €35,978 | ▲ 48.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €3,977 | €3,977 | €3,977 | €3,803 | €5,172 | €5,402 | €5,514 | €5,274 | ▼ 4.4% |
| Other operating charges640/8 | - | - | - | - | - | - | €124 | €362 | ▲ 192% |
| Gross operating margin9900 | -€1,401 | €1,752 | €36,867 | €36,156 | €26,913 | €60,366 | €55,888 | €61,360 | ▲ 9.8% |
| Operating profit (loss)9901 | -€16,396 | -€6,273 | €29,611 | €24,818 | €7,510 | €33,623 | €26,015 | €19,746 | ▼ 24.1% |
| Financial income75/76B | - | - | - | €6 | €0 | €219 | €15 | €195 | ▲ 13× |
| Recurring financial income75 | €1 | €19 | €1 | €6 | €0 | €219 | €15 | €195 | ▲ 13× |
| Financial charges65/66B | - | - | - | €1,877 | €2,862 | €3,080 | €2,833 | €2,526 | ▼ 10.8% |
| Recurring financial charges65 | €5,320 | €3,462 | €2,348 | €1,877 | €2,862 | €3,080 | €2,833 | €2,526 | ▼ 10.8% |
| Profit (loss) for the period before taxes9903 | -€21,715 | -€10,181 | €27,264 | €22,947 | €4,648 | €30,762 | €23,197 | €17,415 | ▼ 24.9% |
| Income taxes67/77 | €237 | €237 | €267 | €267 | €214 | €1,767 | €5,571 | €5,392 | ▼ 3.2% |
| Profit (loss) for the period9904 | -€21,952 | -€10,417 | €26,997 | €22,680 | €4,435 | €28,995 | €17,626 | €12,024 | ▼ 31.8% |
| Profit (loss) for the period to be appropriated9905 | -€21,952 | -€10,417 | €26,997 | €22,680 | €4,435 | €28,995 | €17,626 | €12,024 | ▼ 31.8% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €35,782 | €35,061 | €37,723 | €45,561 | €64,516 | €59,996 | €71,817 | €80,469 | ▲ 12.0% |
| Fixed assets21/28 | €27,506 | €23,529 | €19,552 | €16,855 | €22,961 | €23,322 | €17,808 | €12,535 | ▼ 29.6% |
| Tangible fixed assets22/27 | €27,106 | €23,129 | €19,152 | €16,455 | €22,561 | €22,922 | €17,408 | €12,135 | ▼ 30.3% |
| Land and buildings22 | - | - | - | €15,298 | €12,616 | €9,934 | €7,252 | €4,811 | ▼ 33.7% |
| Plant, machinery and equipment23 | - | - | - | - | €9,945 | €12,988 | €10,156 | €7,324 | ▼ 27.9% |
| Furniture and vehicles24 | - | - | - | €1,157 | - | - | €0 | €0 | - |
| Financial fixed assets28 | €400 | €400 | €400 | €400 | €400 | €400 | €400 | €400 | = |
| Current assets29/58 | €8,276 | €11,532 | €18,171 | €28,706 | €41,555 | €36,674 | €54,009 | €67,934 | ▲ 25.8% |
| Stocks and contracts in progress3 | €1,208 | €1,057 | €523 | €1,155 | €2,221 | €2,537 | €2,785 | €2,657 | ▼ 4.6% |
| Stocks30/36 | - | - | - | €1,155 | €2,221 | €2,537 | €2,785 | €2,657 | ▼ 4.6% |
| Amounts receivable within one year40/41 | €1,534 | €2,103 | €2,047 | €5,231 | €11,468 | €17,737 | €21,339 | €53,645 | ▲ 151% |
| Trade receivables40 | - | - | - | €1,132 | €11,319 | €6,662 | - | - | - |
| Other amounts receivable41 | - | - | - | €4,099 | €150 | €11,075 | €21,339 | €53,645 | ▲ 151% |
| Cash at bank and in hand54/58 | €5,428 | €4,836 | €15,495 | €22,319 | €27,547 | €16,166 | €29,266 | €11,309 | ▼ 61.4% |
| Deferred charges and accrued income490/1 | - | - | - | - | €320 | €234 | €620 | €323 | ▼ 47.9% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €35,782 | €35,061 | €37,723 | €45,561 | €64,516 | €59,996 | €71,817 | €80,469 | ▲ 12.0% |
| Equity10/15 | -€49,012 | -€59,430 | -€32,433 | -€9,752 | -€5,318 | €23,677 | €41,304 | €53,327 | ▲ 29.1% |
| Contributions10/11 | €6,200 | €6,200 | - | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Reserves13 | - | - | - | - | - | €15,000 | €15,000 | €27,000 | ▲ 80.0% |
| Distributable reserves133 | - | - | - | - | - | €15,000 | €15,000 | €27,000 | ▲ 80.0% |
| Profit (loss) carried forward14 | -€55,212 | -€65,630 | -€38,633 | -€15,952 | -€11,518 | €2,477 | €20,104 | €20,127 | ▲ 0.1% |
| Amounts payable17/49 | €84,794 | €94,491 | €70,155 | €55,313 | €69,834 | €36,318 | €30,513 | €27,141 | ▼ 11.1% |
| Amounts payable after more than one year17 | €20,761 | €14,813 | €8,766 | €8,753 | €10,447 | €5,644 | €3,358 | €1,002 | ▼ 70.1% |
| Financial debts170/4 | - | - | - | €8,753 | €10,447 | €5,644 | €3,358 | €1,002 | ▼ 70.1% |
| Amounts payable within one year42/48 | €64,033 | €79,677 | €61,390 | €46,560 | €58,933 | €30,675 | €26,774 | €26,139 | ▼ 2.4% |
| Current portion of amounts payable after more than one year42 | - | - | - | €6,065 | €8,321 | €6,884 | €2,286 | €2,355 | ▲ 3.0% |
| Financial debts43 | - | - | - | €4,253 | €4,678 | - | €3,352 | €4,678 | ▲ 39.6% |
| Credit institutions430/8 | - | - | - | €4,253 | €4,678 | - | €3,352 | €4,678 | ▲ 39.6% |
| Trade debts44 | €26,751 | €23,458 | €15,986 | €10,371 | €22,272 | €17,452 | €5,520 | €5,283 | ▼ 4.3% |
| Suppliers440/4 | - | - | - | €10,371 | €22,272 | €17,452 | €5,520 | €5,283 | ▼ 4.3% |
| Advances received on contracts in progress46 | - | - | - | - | - | - | €1,262 | €365 | ▼ 71.1% |
| Taxes, remuneration and social security45 | - | - | - | €702 | €2,783 | €6,339 | €14,354 | €13,458 | ▼ 6.2% |
| Taxes450/3 | - | - | - | €606 | €2,466 | €5,654 | €12,784 | €11,162 | ▼ 12.7% |
| Remuneration and social security454/9 | - | - | - | €96 | €316 | €684 | €1,570 | €2,295 | ▲ 46.2% |
| Other amounts payable47/48 | - | - | - | €25,169 | €20,880 | - | - | - | - |
| Accrued charges and deferred income492/3 | - | - | - | - | €454 | - | €381 | - | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€21,952 | -€10,417 | €26,997 | €22,680 | €4,435 | €28,995 | €17,626 | €12,024 | ▼ 31.8% |
| + Depreciation and write-downs630 | €3,977 | €3,977 | €3,977 | €3,803 | €5,172 | €5,402 | €5,514 | €5,274 | ▼ 4.4% |
| Operating cash flow (approximation) | -€17,975 | -€6,440 | €30,974 | €26,483 | €9,607 | €34,397 | €23,140 | €17,297 | ▼ 25.2% |
| Investment in fixed assets (approximation) | - | €0 | €0 | -€1,105 | -€11,278 | -€5,763 | €0 | €0 | - |
| Change in cash | - | -€592 | €10,659 | €6,825 | €5,227 | -€11,380 | €13,099 | -€17,957 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 34,693 companies had the same profile as TERING has now. Two years later, 95.3% were still going and 0.7% had gone bankrupt.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
That fits the bankruptcy probability of TERING itself: 0.8% within 12 months.
Test of the method
The method was tested on the 497,446 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 34,693 companies, not a prediction for TERING. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Latest 10 of 15 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 06-07-2026 | 2026-00253623 | |
| 31-12-2024 | unclassified schema | 31-07-2025 | 2025-00337110 | |
| 31-12-2023 | unclassified schema | 16-09-2024 | 2024-00462046 | |
| 31-12-2022 | unclassified schema | 02-10-2023 | 2023-00466557 | |
| 31-12-2021 | unclassified schema | 30-08-2022 | 2022-20404585 | |
| 31-12-2020 | unclassified schema | 22-09-2021 | 2021-68600503 | |
| 31-12-2019 | abbreviated format | 30-07-2020 | 2020-36500373 | |
| 31-12-2018 | abbreviated format | 09-08-2019 | 2019-45400370 | |
| 31-12-2017 | abbreviated format | 07-08-2018 | 2018-44300205 | |
| 31-12-2016 | abbreviated format | 25-09-2017 | 2017-62500586 |
Board & ownership
Directors
Owners and capital
Capital transactions
- 22-12-2023 Capital conversion · statutarisch nicht verfügbares Eigenkapital
Mandate history
- Board
- Day-to-day management
- began earlier
| Name | Functions and periods |
|---|---|
| SCHWERDT Roger |
|
| Yves THIEREN |
|
Articles of association
- Board ruleThese rules set how the board is made up, meets and takes decisions.
- “Entlassung und Schadenersatz bei Unterschriftsmissbrauch mit Schaden, 1”
- Transfer restrictionThis rule says whether shareholders may sell their shares freely or need approval first.
- “Erben und Vermächtnisnehmer beantragen Zustimmung gemäß denselben Formalitäten wenn nicht rechtmäßige Aktionäre, Verwaltungsrat”
Articles of association, deed of 22-12-2023 (in German)
Network & group
TERING shares no director with another company.
Connections & network
1 current directorThe network starts from the directors of TERING. Every other company they run is a node.
Timeline
Acts, filings and financial milestones
22-12
Gazette deed
Appointment: SCHWERDT Roger (nicht statutarischer verwalter)Capital conversion · Capital · Amendment of the articles10 points ▸
- General meeting, “Einregistrierung”, 18-12-2023 (deed in German)
- Capital conversion, “statutarisch nicht verfügbares Eigenkapital” (deed in German)
- Other provision, “Anzahlungen auf Dividenden des laufenden Geschäftsjahrs, Generalversammlung” (deed in German)
- Capital
- Amendment of the articles
- Board rule, 1, “Generalversammlung einstimmig” (deed in German)
- Director appointment, SCHWERDT Roger (nicht statutarischer verwalter)
- Power of attorney
- Power of attorney, Jean-Marie JAKUBOWSKI
- Other provision, “Teil B Ausfertigung zur Veröffentlichung, Teil B” (deed in German)
15-03
Gazette deed
Resignation: Yves THIEREN (managing director)Director discharge3 points ▸
- General meeting, 01-03-2022
- Director resignation, Yves THIEREN (managing director)
- Director discharge, Yves THIEREN (managing director)
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Register details
Identity
KBO recordRegistered office and establishments
Activities
NACEBEL 2025Codes under NACEBEL 2008
4 activities
- Das Betreiben eines Café-Bistro-Restaurants
- Alle Tätigkeiten:die im Zusammenhang mit dem HORECA-Sektor stehen
- Den An- und Verkauf,Im- und Export von:Lebensmitteln,Getränken,Spezialitäten und Einrichtungsgegenständen für die Gastronomie
- Die Ausrichtung gesellschaftlicher Veranstaltungen und Partydienst(Traiteurservice und Catering)
Invoicing and payment
Financial year and general meeting
Accounts at the NBBRecognitions · licences · registrations
Food safety, FASFC
1 siteSites & property
This address was not found in the Belgian address register (BOSA BEST).
Kaperberg 134700 Eupen