TERMATAL HOLDING
ActiveSummary
TERMATAL HOLDING has been active since 1998 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €1.7m and a net result of -€589. Equity remains stable across the filed fiscal years (±0.4% per year). Its solvency ranks better than 24% of 8112 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability29▲+4
Solvency50▲+1
Growth52=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €90,000 at 30 days acceptable
Liquidity short (current ratio 0.02 against 0.01 in 2023; short-term debt: 57.6% and cash: 0.1% of total assets), and 75.5% 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 →
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
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
24.5%
Return on assets
0%
Age of the figures
21 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 24% of 8112 sector peers (2024).
NBB · sector comparisonPosition among 8112 sector peers
Solvency
better than 24%
← weakest
strongest →
neutral · A punctual record breaks
This company filed 7 consecutive financial years on time. The year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 30-09-2025, 61 days late. Weigh it accordingly: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
61 d late
2023
7 d early
2022
25 d early
2021
80 d early
2020
38 d early
2019
11 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 17 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 (1)
History
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Financials · fiscal year 2024, abbreviated schema
Equity
€1.7m=
2023 · €1.7m
Total assets
€6.8m▼ 0.9%
2023 · €6.9m
Net result
-€589▲ 97.5%
2023 · -€23,213
Working capital
-€3.9m▲ 2.2%
2023 · -€3.9m
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
Line20202021202220232024
Operating result€15,603▼ 79.9%€5,539▼ 64.5%€2,404▼ 56.6%€38,140▲ 1,487%€77,295▲ 103%
Net result€3,629within the sector's middle half▼ 95.8%-€29,292below the sector's middle half€7,057within the sector's middle half-€23,213below the sector's middle half-€589below the sector's middle half▲ 97.5%
Equity€1.7mabove the sector's middle half▲ 0.2%€1.7mabove the sector's middle half▼ 1.7%€1.7mabove the sector's middle half▲ 0.4%€1.7mabove the sector's middle half▼ 1.4%€1.7mabove the sector's middle half=
Total assets€6.8mabove the sector's middle half▼ 0.3%€6.9mabove the sector's middle half▲ 0.4%€6.9mabove the sector's middle half▼ 0.2%€6.9mabove the sector's middle half▲ 0.4%€6.8mabove the sector's middle half▼ 0.9%
Debt€5.1m▼ 0.4%€5.2m▲ 1.1%€5.2m▼ 0.4%€5.2m▲ 0.9%€5.2m▼ 1.2%
Working capital-€3.9mbelow the sector's middle half▼ 0.3%-€3.9mbelow the sector's middle half▼ 0.7%-€3.9mbelow the sector's middle half▼ 0.4%-€3.9mbelow the sector's middle half▼ 0.7%-€3.9mbelow the sector's middle half▲ 2.2%
Solvency25.1%within the sector's middle half▲ 0.1pp24.6%below the sector's middle half▼ 0.5pp24.7%below the sector's middle half▲ 0.1pp24.3%below the sector's middle half▼ 0.4pp24.5%below the sector's middle half▲ 0.2pp
Current ratio0.01below the sector's middle half▼ 0.010.02below the sector's middle half▲ 0.010.01below the sector's middle half▼ 0.010.01below the sector's middle half▲ 0.010.02below the sector's middle half▲ 0.01
Return on assets (ROA)0.1%below the sector's middle half▼ 1.2pp-0.4%below the sector's middle half▼ 0.5pp0.1%below the sector's middle half▲ 0.5pp-0.3%below the sector's middle half▼ 0.4pp0.0%below the sector's middle half▲ 0.3pp
Staff (FTE)0within the sector's middle half0within the sector's middle half
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 abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed two years in a row; 2024 is 103% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €6.8m
Fixed assets
€6.8m ▼ 1.2%
Current assets
€72,951 ▲ 49.0%
Equity and liabilities €6.8m
Equity
€1.7m =
Debt
€5.2m ▼ 1.2%
Debt's share of the balance-sheet total falls from 75.7% to 75.5%. Debt is lower.
Key figures and ratios
EBITDA
€92,860▲
2023 · €56,440
Cash flow
€14,976▲
2023 · -€4,912
Debt to equity
3.08▼
2023 · 3.11
ROE
0.0%▲
2023 · -1.4%
Interest coverage
1.20▲
2023 · 0.80
Debt ≤ 1 year
€3.9m▼
2023 · €4.0m
Debt > 1 year
€1.2m=
2023 · €1.2m
Income taxes
€855▼
2023 · €1,244
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | €100 | €0 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €3,410 | €6,240 | €14,671 | €18,301 | €15,566 | ▼ 14.9% |
| Other operating charges640/8 | - | €1,958 | €1,444 | €1,449 | €2,387 | ▲ 64.7% |
| Non-recurring operating charges66A | - | - | - | - | €14,477 | - |
| Gross operating margin9900 | €20,527 | €13,738 | €18,519 | €57,889 | €109,725 | ▲ 89.5% |
| Operating profit (loss)9901 | €15,603 | €5,539 | €2,404 | €38,140 | €77,295 | ▲ 103% |
| Financial income75/76B | - | €413 | €40,610 | €10,698 | €84 | ▼ 99.2% |
| Recurring financial income75 | €25,171 | €413 | €40,610 | €10,698 | €84 | ▼ 99.2% |
| Financial charges65/66B | - | €34,468 | €35,020 | €70,806 | €77,113 | ▲ 8.9% |
| Recurring financial charges65 | €36,426 | €34,468 | €35,020 | €70,806 | €77,113 | ▲ 8.9% |
| Profit (loss) for the period before taxes9903 | €4,347 | -€28,515 | €7,994 | -€21,968 | €265 | ▲ 101% |
| Income taxes67/77 | €718 | €777 | €937 | €1,244 | €855 | ▼ 31.3% |
| Profit (loss) for the period9904 | €3,629 | -€29,292 | €7,057 | -€23,213 | -€589 | ▲ 97.5% |
| Profit (loss) for the period to be appropriated9905 | €3,629 | -€29,292 | €7,057 | -€23,213 | -€589 | ▲ 97.5% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €6.8m | €6.9m | €6.9m | €6.9m | €6.8m | ▼ 0.9% |
| Fixed assets21/28 | €6.8m | €6.8m | €6.8m | €6.8m | €6.8m | ▼ 1.2% |
| Tangible fixed assets22/27 | €15,311 | €9,071 | €40,810 | €22,509 | €8,163 | ▼ 63.7% |
| Plant, machinery and equipment23 | - | - | - | - | €1,124 | - |
| Furniture and vehicles24 | - | €9,071 | €40,810 | €22,509 | €7,039 | ▼ 68.7% |
| Financial fixed assets28 | €6.8m | €6.8m | €6.8m | €6.8m | €6.7m | ▼ 1.0% |
| Current assets29/58 | €39,802 | €66,888 | €23,617 | €48,967 | €72,951 | ▲ 49.0% |
| Amounts receivable within one year40/41 | €37,564 | €51,896 | €12,058 | €42,389 | €64,480 | ▲ 52.1% |
| Trade receivables40 | - | €41,797 | - | €26,298 | €64,480 | ▲ 145% |
| Other amounts receivable41 | - | €10,099 | €12,058 | €16,091 | €0 | ▼ 100% |
| Cash at bank and in hand54/58 | €899 | €12,413 | €9,450 | €3,216 | €6,657 | ▲ 107% |
| Deferred charges and accrued income490/1 | - | €2,578 | €2,108 | €3,362 | €1,814 | ▼ 46.0% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €6.8m | €6.9m | €6.9m | €6.9m | €6.8m | ▼ 0.9% |
| Equity10/15 | €1.7m | €1.7m | €1.7m | €1.7m | €1.7m | = |
| Contributions10/11 | €949,400 | €949,400 | €949,400 | €949,400 | €949,400 | = |
| Capital10 | - | €949,400 | €949,400 | €949,400 | €949,400 | = |
| Issued capital100 | - | €949,400 | €949,400 | €949,400 | €949,400 | = |
| Reserves13 | €14,900 | €14,900 | €15,300 | €15,300 | €15,300 | = |
| Non-distributable reserves130/1 | - | €14,900 | €15,300 | €15,300 | €15,300 | = |
| Legal reserve130 | - | €14,900 | €15,300 | €15,300 | €15,300 | = |
| Profit (loss) carried forward14 | €756,090 | €726,798 | €733,455 | €710,242 | €709,653 | ▼ 0.1% |
| Amounts payable17/49 | €5.1m | €5.2m | €5.2m | €5.2m | €5.2m | ▼ 1.2% |
| Amounts payable after more than one year17 | €1.2m | €1.2m | €1.2m | €1.2m | €1.2m | = |
| Financial debts170/4 | - | €1.2m | €1.2m | €1.2m | €1.2m | = |
| Amounts payable within one year42/48 | €3.9m | €4.0m | €3.9m | €4.0m | €3.9m | ▼ 1.6% |
| Financial debts43 | - | €1.8m | €1.8m | €1.8m | €1.6m | ▼ 11.3% |
| Credit institutions430/8 | - | €1.1m | €1.1m | €1.1m | €900,000 | ▼ 18.2% |
| Other loans439 | - | €675,000 | €664,000 | €664,000 | €664,000 | = |
| Trade debts44 | €22,546 | €41,769 | €60,312 | €81,793 | €6,698 | ▼ 91.8% |
| Suppliers440/4 | - | €41,769 | €60,312 | €81,793 | €6,698 | ▼ 91.8% |
| Taxes, remuneration and social security45 | - | €3,734 | €13,580 | €16,739 | €20,667 | ▲ 23.5% |
| Taxes450/3 | - | €3,734 | €13,580 | €16,739 | €20,667 | ▲ 23.5% |
| Other amounts payable47/48 | - | €2.1m | €2.1m | €2.1m | €2.3m | ▲ 9.8% |
| Accrued charges and deferred income492/3 | - | €14,527 | €24,954 | €20,390 | €22,400 | ▲ 9.9% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €3,629 | -€29,292 | €7,057 | -€23,213 | -€589 | ▲ 97.5% |
| + Depreciation and write-downs630 | €3,410 | €6,240 | €14,671 | €18,301 | €15,566 | ▼ 14.9% |
| Operating cash flow (approximation) | €7,039 | -€23,052 | €21,728 | -€4,912 | €14,976 | ▲ 405% |
| Investment in fixed assets (approximation) | - | -€5,000 | -€46,410 | -€16,991 | €69,251 | ▲ 508% |
| Change in cash | - | €11,515 | -€2,963 | -€6,234 | €3,441 | ▲ 155% |
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
2025
30-09
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 61 days late
2024
24-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
06-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Back to profitnet €7,057
Net result €7,057 after one loss-making year.
12-05
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Weakest financial yearnet -€29,292
Net result drops to -€29,292, the lowest in the series; recovery starts the following year.
23-06
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
20-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
31-12
Financial
Highest result since 2018net €87,116 ▲268%
Operating result €77,694, net result €87,116, both a record.
26-06
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
22-05
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
30-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 30 days late
2016
19-07
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 11 acts read
About the unread acts
We know of 11 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
11 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, Lummen · 1 establishment unit since 2000
Ground area
1,070 m²
Building footprint
220 m²
Volume, LiDAR
1,067 m³
Parcel 71037A2109/00B000, Flanders · tallest building 7.3 m, ±2 floors. Linked by address, not a title deed.
4
companies at this address
See who is registered here
1 establishment unit
Kraaibergstraat 31, 3560 Lummen
since 20002.097.045.176
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71037A2109/00B000 | Flanders | 1,070 m² | 1 · 220 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.
Structure & network
Owners and holdings
3 holdingsOwners 0
The accounts to 31-12-2024 list no shareholders, and no other source names one.
Holdings 3
-
100%
-
100%
-
100%
According to the 2024 annual accounts of TERMATAL HOLDING and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
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Of 82,646 companies in sector 70200 we hold annual accounts for 52,627. 22,198 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded28-09-1998
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
E-invoicing
Reachable via Peppol
Peppol ID
0208:0464223192
Also
9925:BE0464223192
Registered
18-12-2024
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.