Termens
ActiveSummary
The computed 12-month bankruptcy probability of Termens is 1.9% (moderate). For Termens, at least two filing cycles of the annual accounts are missing. The 2023 annual accounts show equity of €56,327 and a net result of -€108,860. Equity is shrinking by ~8.6% per year across the filed fiscal years. Its solvency ranks better than 95% of 5386 sector peers (fiscal year 2023). The company has been active since 2009 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
No current score
Figures too old
The available figures for FY 2023 are too old to assess current financial health.
Filing: At least two filing cycles are missing
Axes, FY 2023 · tick = 2022
Profitability0▼-75
Solvency100=
Growth32▼-20
Track record100
Bankruptcy probability, 12 months
1.9%
Moderate
0%0.5%1.5%4%10%≥ 25%
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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 2023Solvency, return and age of the figures
Solvency
97.6%
Return on assets
-188.6%
Age of the figures
39 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 81
Relative position
BE, all sectors
reference
Services to buildings and landscape activities (NACE 81)
about 79% more 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 · Two or more financial years not filed
Since the financial year that closed on 30-06-2024, 2 financial years are missing at the National Bank. A company this far behind goes bankrupt within the year nineteen times as often as a punctual filer.
NBB · 10 filingsPosition against the passed deadline
30-06-2024 close31-01-2025 deadline27-09-2026 today
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2023 was due by 31-01-2024 and was filed on 16-01-2024, 15 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not filed
2024
not filed
2023
15 d early
2022
7 d early
2021
1 d late
2020
10 d early
2019
4 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 5 accounts on average 7 days before the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 43% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2023, micro schema
Equity
€56,327▼ 65.9%
2022 · €165,187
Total assets
€57,719▼ 72.6%
2022 · €210,309
Net result
-€108,860
2022 · €10,072
Working capital
€52,682▼ 71.2%
2022 · €183,021
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20192020202120222023
Operating result€47,352-€83,281▲ 75.9%-€27,812€14,981-€99,647
Net result€21,214-€65,153▲ 207%-€30,948€10,072-€108,860
Equity€120,910-€186,063▲ 53.9%€155,115▼ 16.6%€165,187▲ 6.5%€56,327▼ 65.9%
Total assets€285,505-€301,723▲ 5.7%€228,608▼ 24.2%€210,309▼ 8.0%€57,719▼ 72.6%
Debt€164,596-€92,538▼ 43.8%€50,372▼ 45.6%€22,001▼ 56.3%€1,392▼ 93.7%
Working capital€6,766-€233,549▲ 3,352%€187,173▼ 19.9%€183,021▼ 2.2%€52,682▼ 71.2%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2023: a loss of €99,647 after €14,981 in 2022, the lowest result in the available series.
Balance-sheet composition
2023 in colour, 2022 as the grey bar beneath
Assets €57,719
Fixed assets
€3,645 ▼ 34.4%
Current assets
€54,074 ▼ 73.6%
Equity and liabilities €57,719
Equity
€56,327 ▼ 65.9%
Provisions
€0 ▼ 100%
Debt
€1,392 ▼ 93.7%
Debt's share of the balance-sheet total falls from 10.5% to 2.4%. Equity and debt are lower.
Key figures and ratios
EBITDA
-€97,739▼
2022 · €17,943
Cash flow
-€106,951▼
2022 · €13,033
Current ratio
38.85▲
2022 · 9.42
Debt to equity
0.02▼
2022 · 0.13
ROE
-193.3%▼
2022 · 6.1%
ROA
-188.6%▼
2022 · 4.8%
Interest coverage
-82.73▼
2022 · 16.43
Debt ≤ 1 year
€1,392▼
2022 · €21,735
Income taxes
€8,031▲
2022 · €3,817
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €23,967 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €2,961 | €2,961 | €2,961 | €2,962 | €1,909 | ▼ 35.6% |
| Other operating charges640/8 | - | - | - | €1,084 | €973 | ▼ 10.2% |
| Non-recurring operating charges66A | - | - | - | - | €55,589 | - |
| Gross operating margin9900 | €62,415 | €133,179 | -€14,858 | €19,026 | -€41,177 | ▼ 316% |
| Operating profit (loss)9901 | €47,352 | €83,281 | -€27,812 | €14,981 | -€99,647 | ▼ 765% |
| Financial income75/76B | - | - | - | €0 | - | - |
| Recurring financial income75 | €424 | €210 | €27 | €0 | - | - |
| Financial charges65/66B | - | - | - | €1,092 | €1,181 | ▲ 8.2% |
| Recurring financial charges65 | €19,036 | €2,353 | €1,229 | €1,092 | €1,181 | ▲ 8.2% |
| Profit (loss) for the period before taxes9903 | €28,740 | €81,139 | -€29,013 | €13,889 | -€100,829 | ▼ 826% |
| Income taxes67/77 | €7,525 | €15,986 | €1,934 | €3,817 | €8,031 | ▲ 110% |
| Profit (loss) for the period9904 | €21,214 | €65,153 | -€30,948 | €10,072 | -€108,860 | ▼ 1,181% |
| Profit (loss) for the period to be appropriated9905 | €21,214 | €31,744 | €2,461 | €10,072 | -€108,860 | ▼ 1,181% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €285,505 | €301,723 | €228,608 | €210,309 | €57,719 | ▼ 72.6% |
| Fixed assets21/28 | €200,913 | €11,477 | €8,515 | €5,554 | €3,645 | ▼ 34.4% |
| Tangible fixed assets22/27 | €200,793 | €7,832 | €4,870 | €1,909 | - | - |
| Plant, machinery and equipment23 | - | - | - | €362 | - | - |
| Furniture and vehicles24 | - | - | - | €1,547 | - | - |
| Financial fixed assets28 | €120 | €3,645 | €3,645 | €3,645 | €3,645 | = |
| Current assets29/58 | €84,592 | €290,246 | €220,093 | €204,756 | €54,074 | ▼ 73.6% |
| Amounts receivable within one year40/41 | €50,291 | €176,096 | €197,328 | €167,856 | €45,108 | ▼ 73.1% |
| Trade receivables40 | - | - | - | €109,428 | €19,259 | ▼ 82.4% |
| Other amounts receivable41 | - | - | - | €58,428 | €25,849 | ▼ 55.8% |
| Cash at bank and in hand54/58 | €34,301 | €114,151 | €22,445 | €36,577 | €8,966 | ▼ 75.5% |
| Deferred charges and accrued income490/1 | - | - | - | €323 | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €285,505 | €301,723 | €228,608 | €210,309 | €57,719 | ▼ 72.6% |
| Equity10/15 | €120,910 | €186,063 | €155,115 | €165,187 | €56,327 | ▼ 65.9% |
| Contributions10/11 | €18,600 | €18,600 | - | €18,600 | €18,600 | = |
| Reserves13 | €77,860 | €167,463 | €136,515 | €146,587 | €37,727 | ▼ 74.3% |
| Non-distributable reserves130/1 | - | - | - | €1,860 | €1,860 | = |
| Reserves not available under the articles1311 | - | - | - | €1,860 | €1,860 | = |
| Distributable reserves133 | - | - | - | €144,727 | €35,867 | ▼ 75.2% |
| Profit (loss) carried forward14 | €24,450 | €3,236 | €24,450 | - | - | - |
| Provisions and deferred taxes16 | - | €23,122 | €23,122 | €23,122 | - | - |
| Provisions for liabilities and charges160/5 | - | - | - | €23,122 | - | - |
| Other liabilities and charges164/5 | - | - | - | €23,122 | - | - |
| Amounts payable17/49 | €164,596 | €92,538 | €50,372 | €22,001 | €1,392 | ▼ 93.7% |
| Amounts payable after more than one year17 | €86,770 | €35,841 | €17,451 | €265 | - | - |
| Other amounts payable178/9 | - | - | - | €265 | - | - |
| Amounts payable within one year42/48 | €77,826 | €56,697 | €32,920 | €21,735 | €1,392 | ▼ 93.6% |
| Current portion of amounts payable after more than one year42 | - | - | - | €17,186 | - | - |
| Financial debts43 | - | - | - | €558 | - | - |
| Credit institutions430/8 | - | - | - | €558 | - | - |
| Trade debts44 | €18,353 | €9,079 | €528 | €538 | €1,392 | ▲ 159% |
| Suppliers440/4 | - | - | - | €538 | €1,392 | ▲ 159% |
| Taxes, remuneration and social security45 | - | - | - | €3,453 | - | - |
| Taxes450/3 | - | - | - | €3,453 | - | - |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €21,214 | €65,153 | -€30,948 | €10,072 | -€108,860 | ▼ 1,181% |
| + Depreciation and write-downs630 | €2,961 | €2,961 | €2,961 | €2,962 | €1,909 | ▼ 35.6% |
| Operating cash flow (approximation) | €24,176 | €68,114 | -€27,986 | €13,033 | -€106,951 | ▼ 921% |
| Investment in fixed assets (approximation) | - | €186,475 | €0 | €0 | €0 | - |
| Change in cash | - | €79,849 | -€91,706 | €14,132 | -€27,611 | ▼ 295% |
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
2024
16-01
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
30-06
Financial
Weakest financial yearnet -€108,860
Net result drops to -€108,860, the lowest in the series.
30-06
Financial
Liquidity quadruplescurrent ratio 38.85
Current ratio from 9.42 to 38.85; short-term debt falls from €21,735 to €1,392.
24-01
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
30-06
Financial
Back to profitnet €10,072
Net result €10,072 after one loss-making year.
01-02
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 1 day late
2021
21-01
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
30-06
Financial
Highest result since 2019net €65,153 ▲207%
Operating result €83,281, net result €65,153, both a record.
30-06
Financial
Liquidity times 5current ratio 5.12
Current ratio from 1.09 to 5.12; short-term debt falls from €77,826 to €56,697.
30-06
Financial
Equity above €150,000Eq €186,063 ▲53.9%
2 profitable years in a row build equity to €186,063.
27-01
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
09-01
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
Show earlier events
2017
26-07
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
24-06
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
2015
11-06
NBB filing
Annual accounts filed
fiscal year 2014 · abbreviated schema
2014
08-08
NBB filing
Annual accounts filed
fiscal year 2013 · abbreviated schema · 8 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 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
4 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, Lier · 1 establishment unit since 2009
Ground area
1.1 ha
Building footprint
84 m²
Volume, LiDAR
672 m³
2 parcels, Flanders · tallest building 10.5 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Termens - Glansexpert
since 20092.181.324.914
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 12392B0337/00B000indicative | Flanders | 1.0 ha | - | - |
| 12393F0336/00L006 | Flanders | 535 m² | 1 · 84 m² | 10.5 m · 3 fl. |
Linked by address, not proof of ownership
Good to know
1 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
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Of 6,996 companies in sector 81220 we hold annual accounts for 2,414. 2,003 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded04-09-2009
Fiscal year end30-06
Activities, NACEBEL 2025
81220Other building cleaning and industrial cleaning
43341Painting of buildings
43410Roofing work
68110Buying and selling of own real estate
E-invoicing
Not found in the Peppol register
No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.
What can you do?
Try sending from your invoicing software; if that fails, ask the customer whether they already receive via Peppol.
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Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.