TERMACO
InactiveOverview
Overview
Official details
Source: KBO- Status
- Inactive Normal situation
- Legal form
- Private limited company
- Activity
- No activity registered in the KBO
- Financial year end
- 30 June
- Peppol
- Reachable since 02-01-2026
Financial position
No score
Annual accounts to 30-06-2026
- Gross margin
- €13,100
- Turnover
- ≈ €100,000
- estimated
- Profit
- €10,711
- Equity
- €36,399
- ▲ 41.7%
- Total assets
- €37,643
- ▲ 7.3%
Financials
Financials · financial year 2026, micro format
Annual accounts 2026 filed on 28-09-2026 at the NBB all 17 filings
Turnover
≈ €100,000
Estimated: probably between €46,000 and €240,000
Total assets
€37,643▲ 7.3%
2025 · €35,067
Net result
€10,711
2025 · -€4,169
Working capital
€36,399▲ 48.3%
2025 · €24,549
Multi-year overview
2019 to 2026, 8 financial yearsOperating result
€11,834
2026
20192026
Net result
€10,711
2026
20192026
Equity
€36,399
▲ 41.7%
2026
20192026
Total assets
€37,643
▲ 7.3%
2026
20192026
Debt
€1,245
▼ 86.7%
2026
20192026
Working capital
€36,399
▲ 48.3%
2026
20192026
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line20192020202120222023202420252026
Operating result€15,166-€17,239▲ 13.7%-€11,846€7,952-€4,760-€14,053▼ 195%-€4,022▲ 71.4%€11,834
Net result€5,876-€11,823▲ 101%-€12,683€7,726-€4,837-€14,282▼ 195%-€4,169▲ 70.8%€10,711
Equity€42,110-€53,933▲ 28.1%€41,250▼ 23.5%€48,975▲ 18.7%€44,139▼ 9.9%€29,856▼ 32.4%€25,687▼ 14.0%€36,399▲ 41.7%
Total assets€88,907-€118,028▲ 32.8%€71,782▼ 39.2%€70,162▼ 2.3%€63,154▼ 10.0%€45,629▼ 27.7%€35,067▼ 23.1%€37,643▲ 7.3%
Debt€46,797-€64,095▲ 37.0%€30,532▼ 52.4%€21,187▼ 30.6%€19,015▼ 10.3%€15,773▼ 17.0%€9,380▼ 40.5%€1,245▼ 86.7%
Working capital€38,180-€50,401▲ 32.0%€38,003▼ 24.6%€45,328▲ 19.3%€40,492▼ 10.7%€26,209▼ 35.3%€24,549▼ 6.3%€36,399▲ 48.3%
The operating result for 2026 is a profit of €11,834, after a loss of €4,022 in 2025. It is the highest result since 2022.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2026 in colour, 2025 as the grey bar beneath
Equity and liabilities €37,643
Equity
€36,399 ▲ 41.7%
Debt
€1,245 ▼ 86.7%
Debt's share of the balance-sheet total falls from 26.7% to 3.3%. Equity is higher and debt is lower.
Key figures and ratios
Current ratio
30.24▲
2025 · 3.62
Debt to equity
0.03▼
2025 · 0.37
ROE
29.4%▲
2025 · -16.2%
ROA
28.5%▲
2025 · -11.9%
Debt ≤ 1 year
€1,245▼
2025 · €9,380
Income taxes
€1,071
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Investments
| Item | 30-06-2022 | 30-06-2023 | 30-06-2024 | 30-06-2025 | 30-06-2026 |
|---|---|---|---|---|---|
| Financial fixed assets | - | - | - | - | €0 |
Source: notes to the 2022 to 2026 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €398 | €398 | €85 | - | - | - | - | - | - |
| Other operating charges640/8 | - | - | - | €198 | €112 | €19,267 | €320 | €1,266 | ▲ 296% |
| Non-recurring operating charges66A | - | - | - | €840 | - | - | €2,508 | - | - |
| Gross operating margin9900 | €22,118 | €17,927 | -€10,853 | €8,990 | -€4,648 | €5,214 | -€1,194 | €13,100 | - |
| Operating profit (loss)9901 | €15,166 | €17,239 | -€11,846 | €7,952 | -€4,760 | -€14,053 | -€4,022 | €11,834 | - |
| Financial income75/76B | - | - | - | - | €11 | €305 | - | - | - |
| Recurring financial income75 | €1 | - | - | - | €11 | €305 | - | - | - |
| Financial charges65/66B | - | - | - | €226 | €88 | €535 | €147 | €52 | ▼ 64.6% |
| Recurring financial charges65 | €1,036 | €690 | €328 | €226 | €88 | €535 | €147 | €52 | ▼ 64.6% |
| Non-recurring financial charges66B | - | - | - | - | - | - | - | €0 | - |
| Profit (loss) for the period before taxes9903 | €14,131 | €16,549 | -€12,174 | €7,726 | -€4,837 | -€14,282 | -€4,169 | €11,782 | - |
| Income taxes67/77 | €8,255 | €4,726 | €509 | - | - | - | - | €1,071 | - |
| Profit (loss) for the period9904 | €5,876 | €11,823 | -€12,683 | €7,726 | -€4,837 | -€14,282 | -€4,169 | €10,711 | - |
| Profit (loss) for the period to be appropriated9905 | €5,876 | €11,823 | -€12,683 | €7,726 | -€4,837 | -€14,282 | -€4,169 | €10,711 | - |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €88,907 | €118,028 | €71,782 | €70,162 | €63,154 | €45,629 | €35,067 | €37,643 | ▲ 7.3% |
| Fixed assets21/28 | €4,130 | €3,732 | €3,647 | €3,647 | €3,647 | €3,647 | €1,138 | €0 | ▼ 100% |
| Tangible fixed assets22/27 | €483 | €85 | - | - | - | - | - | - | - |
| Financial fixed assets28 | €3,647 | €3,647 | €3,647 | €3,647 | €3,647 | €3,647 | €1,138 | €0 | ▼ 100% |
| Current assets29/58 | €84,777 | €114,296 | €68,135 | €66,515 | €59,507 | €41,982 | €33,929 | €37,643 | ▲ 10.9% |
| Stocks and contracts in progress3 | €12,186 | €35,487 | €2,106 | - | - | - | - | - | - |
| Amounts receivable within one year40/41 | €71,810 | €73,519 | €63,651 | €66,451 | €59,282 | €41,916 | €33,764 | €35,285 | ▲ 4.5% |
| Trade receivables40 | - | - | - | €33,700 | €23,981 | €7,121 | - | - | - |
| Other amounts receivable41 | - | - | - | €32,751 | €35,301 | €34,795 | €33,764 | €35,285 | ▲ 4.5% |
| Cash at bank and in hand54/58 | €415 | €4,924 | €2,043 | €64 | €225 | €66 | €165 | €2,358 | ▲ 14× |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €88,907 | €118,028 | €71,782 | €70,162 | €63,154 | €45,629 | €35,067 | €37,643 | ▲ 7.3% |
| Equity10/15 | €42,110 | €53,933 | €41,250 | €48,975 | €44,139 | €29,856 | €25,687 | €36,399 | ▲ 41.7% |
| Contributions10/11 | €18,600 | - | - | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €22,513 | €34,313 | €34,313 | €34,312 | €34,313 | €34,312 | €34,312 | €17,799 | ▼ 48.1% |
| Non-distributable reserves130/1 | - | - | - | €1,860 | €1,860 | - | - | - | - |
| Reserves not available under the articles1311 | - | - | - | €1,860 | €1,860 | - | - | - | - |
| Distributable reserves133 | - | - | - | €32,452 | €32,453 | €34,312 | €34,312 | €17,799 | ▼ 48.1% |
| Profit (loss) carried forward14 | €997 | €1,020 | -€11,663 | -€3,937 | -€8,774 | -€23,056 | -€27,225 | €0 | - |
| Amounts payable17/49 | €46,797 | €64,095 | €30,532 | €21,187 | €19,015 | €15,773 | €9,380 | €1,245 | ▼ 86.7% |
| Amounts payable after more than one year17 | €200 | €200 | - | - | - | - | - | - | - |
| Amounts payable within one year42/48 | €46,597 | €63,895 | €30,132 | €21,187 | €19,015 | €15,773 | €9,380 | €1,245 | ▼ 86.7% |
| Trade debts44 | €35,783 | €50,079 | €20,962 | €18,994 | €18,054 | €13,652 | €5,144 | €0 | ▼ 100% |
| Suppliers440/4 | - | - | - | €18,994 | €18,054 | €13,652 | €5,144 | €0 | ▼ 100% |
| Advances received on contracts in progress46 | - | - | - | €758 | - | - | - | - | - |
| Taxes, remuneration and social security45 | - | - | - | €495 | €21 | - | - | €1,245 | - |
| Taxes450/3 | - | - | - | €495 | €21 | - | - | €1,245 | - |
| Other amounts payable47/48 | - | - | - | €940 | €940 | €2,121 | €4,236 | €0 | ▼ 100% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €5,876 | €11,823 | -€12,683 | €7,726 | -€4,837 | -€14,282 | -€4,169 | €10,711 | - |
| + Depreciation and write-downs630 | €398 | €398 | €85 | - | - | - | - | - | - |
| Operating cash flow (approximation) | €6,274 | €12,221 | -€12,598 | €7,726 | -€4,837 | -€14,282 | -€4,169 | €10,711 | - |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | €0 | €0 | €2,509 | €1,138 | ▼ 54.6% |
| Change in cash | - | €4,509 | -€2,881 | -€1,979 | €161 | -€159 | €99 | €2,193 | ▲ 22× |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Latest 10 of 17 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 30-06-2026 | micro format | 28-09-2026 | 2026-00527570 | |
| 30-06-2025 | micro format | 05-01-2026 | 2026-00001265 | |
| 30-06-2024 | micro format | 17-01-2025 | 2025-00006688 | |
| 30-06-2023 | micro format | 02-01-2024 | 2024-00541018 | |
| 30-06-2022 | micro format | 03-01-2023 | 2023-20553614 | |
| 30-06-2021 | micro format | 04-01-2022 | 2022-00100483 | |
| 30-06-2020 | micro format | 28-01-2021 | 2021-02700121 | |
| 30-06-2019 | micro format | 30-01-2020 | 2020-03300006 | |
| 30-06-2018 | micro format | 02-01-2019 | 2019-00300197 | |
| 30-06-2017 | micro format | 28-06-2018 | 2018-26700440 |
Board & ownership
Directors
Directors
1 director, last change in 2023
Lieven Decramer
Current
Director · since 24-02-2015 · term without a fixed end · listed in the 2026 annual accounts, filed on 28-09-2026
Owners and capital
Capital transactions
Capital over time
- 04-12-2023 Converted to unavailable equity
Network & group
TERMACO shares no director with another company.
Connections & network
1 current directorThe network starts from the directors of TERMACO. Every other company they run is a node.
This company
Company
Director
Shareholding
+N: links not shown yet
Click a node to look further, drag to arrange, zoom with the mouse wheel.
Timeline
Acts, filings and financial milestones
Deadline for the 2027 accounts:
2026
28-09
micro format · 125 days before the deadline
30-06
Financial
Back to profitnet €10,711
The net result is €10,711, after 3 loss-making years.
30-06
Financial
Liquidity more than 8 timescurrent ratio 30.24
The current ratio rises from 3.62 to 30.24. Short-term debt falls from €9,380 to €1,245.
05-01
micro format · 26 days before the deadline
2025
17-01
micro format · 14 days before the deadline
2024
30-06
Financial
Weakest financial yearnet -€14,282
The net result drops to -€14,282, the lowest from 2019 to 2026.
02-01
micro format · 29 days before the deadline
2023
04-12
Gazette deed
Appointment: Lieven Decramer (director)Amendment of the articles · Capital conversion4 points ▸
Gazette deed
Appointment: Lieven Decramer (director)
Amendment of the articles · Capital conversion4 points ▸
- General meeting, 23-11-2023
- Amendment of the articles, mentioned 3 times in the deed
- Capital conversion, 20460, EUR
- Director appointment, Lieven Decramer (director)
03-01
micro format · 28 days before the deadline
2022
30-06
Financial
Back to profitnet €7,726
The net result is €7,726, after one loss-making year.
04-01
micro format · 27 days before the deadline
2021
28-01
micro format · 3 days before the deadline
Show earlier events
2020
30-06
Financial
Highest result from 2019 to 2026net €11,823 ▲101%
The operating result of €17,239 and the net result of €11,823 are both a record.
30-01
micro format · 1 day before the deadline
2019
02-01
micro format · 29 days before the deadline
2018
28-06
micro format · 148 days late
2009
13-10
6 publications in the Belgian Official Gazette, the last on 04-12-2023
Financial milestoneGazette deedNBB filingFinancial milestones sit on the financial year-end date, not the filing date.
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
Company details
Inactive
Inactive
TERMACO is no longer in the KBO register.
- Status
- Inactive
- Last annual accounts
- financial year to 30 June 2026
- Last registered office
- Duinenstraat 357, Bus 00.01, 8450 Bredeneas published on 4 December 2023
- Legal form
- Private limited company
- Active since
- 25 September 2009
Environmental permits
2 applications in Flanders since 2018 · 2 granted
Bouwen of herbouwen; Slopen van niet vrijstaande gebouwen of constructies
Verbouwen en/of uitbreiden met het wijzigen van alle zelfstandige gebruikseenheden (unit) binnen het gebouw
Source: Omgevingsloket Vlaanderen.
Sites & property
Location
Buildings and parcels at the address
Ground area
93 m²
Building footprint
93 m²
Building volume
898 m³
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 35002B0358/00G007 | Flanders | 93 m² | 1 · 93 m² | 14.1 m · 4 |