TERMIN
ActiveSummary
TERMIN has been active since 1986 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €452,846 and a net result of €73,894. Equity is growing by ~12.1% per year across the filed fiscal years. Its solvency ranks better than 93% of 8190 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability88▲+3
Solvency100=
Growth78=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €40,000 at 30 days acceptable
Liquidity ample (current ratio 12.3 against 15.02 in 2024; short-term debt: 7.8% and cash: 24.6% of total assets), and 7.8% of the assets are financed with debt.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
92.2%
Return on assets
15%
Age of the figures
9 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Wholesale trade (NACE 46)
about 21% more bankruptcies
← fewer bankruptcies
more bankruptcies →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 30-06-2026, 31 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
31 d early
2024
31 d early
2023
27 d late
2022
11 d late
2021
31 d early
2020
15 d early
2019
26 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 6 days before the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 39% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. Usually files around 30 June (4 of the last 5 filed years within 42 days of that day).
Companies Code · seven monthsPosition in the running window
30-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
Equity
€452,846▲ 19.5%
2024 · €378,952
Total assets
€491,312▲ 20.8%
2024 · €406,614
Net result
€73,894▲ 37.3%
2024 · €53,837
Working capital
€434,639▲ 25.5%
2024 · €346,350
Trend over the years
In euros
In per cent
Ratio
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 46, Wholesale trade, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€3,811▼ 63.7%€60,450▲ 1,486%€58,961▼ 2.5%€79,345▲ 34.6%€102,804▲ 29.6%
Net result€7,360within the sector's middle half▼ 18.5%€41,251above the sector's middle half▲ 460%€40,613above the sector's middle half▼ 1.5%€53,837above the sector's middle half▲ 32.6%€73,894within the sector's middle half▲ 37.3%
Equity€243,250above the sector's middle half▲ 3.1%€284,501above the sector's middle half▲ 17.0%€325,114above the sector's middle half▲ 14.3%€378,952above the sector's middle half▲ 16.6%€452,846within the sector's middle half▲ 19.5%
Total assets€262,204within the sector's middle half▲ 4.1%€312,520within the sector's middle half▲ 19.2%€345,036within the sector's middle half▲ 10.4%€406,614above the sector's middle half▲ 17.8%€491,312within the sector's middle half▲ 20.8%
Debt€18,954▲ 18.9%€28,019▲ 47.8%€19,921▼ 28.9%€27,662▲ 38.9%€38,467▲ 39.1%
Working capital€243,250above the sector's middle half▲ 3.4%€284,501above the sector's middle half▲ 17.0%€325,114above the sector's middle half▲ 14.3%€346,350above the sector's middle half▲ 6.5%€434,639within the sector's middle half▲ 25.5%
Solvency92.8%above the sector's middle half▼ 0.9pp91.0%above the sector's middle half▼ 1.7pp94.2%above the sector's middle half▲ 3.2pp93.2%above the sector's middle half▼ 1.0pp92.2%above the sector's middle half▼ 1.0pp
Current ratio13.83above the sector's middle half▼ 1.9311.15above the sector's middle half▼ 2.6817.32above the sector's middle half▲ 6.1715.02above the sector's middle half▼ 2.3012.30above the sector's middle half▼ 2.72
Return on assets (ROA)2.8%within the sector's middle half▼ 0.8pp13.2%above the sector's middle half▲ 10.4pp11.8%within the sector's middle half▼ 1.4pp13.2%above the sector's middle half▲ 1.5pp15.0%above the sector's middle half▲ 1.8pp
above
within
below
the middle half (P25 to P75) of NACE 46, Wholesale trade, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 30% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €491,312
Fixed assets
€18,207 ▼ 48.8%
Current assets
€473,106 ▲ 27.5%
Equity and liabilities €491,312
Equity
€452,846 ▲ 19.5%
Debt
€38,467 ▲ 39.1%
Debt's share of the balance-sheet total rises from 6.8% to 7.8%. Equity and debt are higher.
Key figures and ratios
EBITDA
€120,155▲
2024 · €95,841
Cash flow
€91,245▲
2024 · €70,333
Quick ratio
12.16▼
2024 · 14.87
Debt to equity
0.08▲
2024 · 0.07
ROE
16.3%▲
2024 · 14.2%
Interest coverage
114.10▲
2024 · 103.10
Debt ≤ 1 year
€38,467▲
2024 · €24,706
Income taxes
€37,530▲
2024 · €30,761
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 20,134 companies that looked in July 2024 the way this one looks now, 0.2% went bankrupt within 24 months and 95% are still going.
- Small
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.2%
went bankrupt
4.7%
stopped otherwise
95%
still going
For this company itself Checked computes a bankruptcy probability of 0.3% 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 497,340 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% | 1.8% |
| 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 20,134 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.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €8,264 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €558 | - | - | €16,496 | €17,351 | ▲ 5.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | €355 | - | - | - | - |
| Other operating charges640/8 | €498 | €558 | €612 | €689 | €817 | ▲ 18.5% |
| Gross operating margin9900 | €4,867 | €61,363 | €59,573 | €96,530 | €120,972 | ▲ 25.3% |
| Operating profit (loss)9901 | €3,811 | €60,450 | €58,961 | €79,345 | €102,804 | ▲ 29.6% |
| Financial income75/76B | €8,018 | €1,662 | €3,964 | €6,183 | €9,673 | ▲ 56.4% |
| Recurring financial income75 | €8,018 | €1,662 | €3,964 | €6,183 | €9,673 | ▲ 56.4% |
| Financial charges65/66B | €921 | €137 | €950 | €930 | €1,053 | ▲ 13.3% |
| Recurring financial charges65 | €921 | €137 | €950 | €930 | €1,053 | ▲ 13.3% |
| Profit (loss) for the period before taxes9903 | €10,908 | €61,975 | €61,975 | €84,599 | €111,424 | ▲ 31.7% |
| Income taxes67/77 | €3,548 | €20,724 | €21,362 | €30,761 | €37,530 | ▲ 22.0% |
| Profit (loss) for the period9904 | €7,360 | €41,251 | €40,613 | €53,837 | €73,894 | ▲ 37.3% |
| Profit (loss) for the period to be appropriated9905 | €7,360 | €41,251 | €40,613 | €53,837 | €73,894 | ▲ 37.3% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €262,204 | €312,520 | €345,036 | €406,614 | €491,312 | ▲ 20.8% |
| Fixed assets21/28 | - | - | - | €35,558 | €18,207 | ▼ 48.8% |
| Tangible fixed assets22/27 | - | - | - | €35,558 | €18,207 | ▼ 48.8% |
| Furniture and vehicles24 | - | - | - | €35,558 | €18,207 | ▼ 48.8% |
| Current assets29/58 | €262,204 | €312,520 | €345,036 | €371,056 | €473,106 | ▲ 27.5% |
| Stocks and contracts in progress3 | €10,341 | €9,142 | €4,318 | €3,686 | €5,426 | ▲ 47.2% |
| Stocks30/36 | €10,341 | €9,142 | €4,318 | €3,686 | €5,426 | ▲ 47.2% |
| Amounts receivable within one year40/41 | €36,250 | €29,565 | €31,526 | €68,817 | €14,300 | ▼ 79.2% |
| Trade receivables40 | €29,721 | €29,491 | €31,069 | €68,817 | €14,300 | ▼ 79.2% |
| Other amounts receivable41 | €6,529 | €75 | €457 | - | - | - |
| Current investments50/53 | €113,723 | €113,724 | €113,979 | €215,878 | €329,830 | ▲ 52.8% |
| Cash at bank and in hand54/58 | €101,890 | €160,089 | €195,213 | €82,674 | €120,765 | ▲ 46.1% |
| Deferred charges and accrued income490/1 | - | - | - | - | €2,784 | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €262,204 | €312,520 | €345,036 | €406,614 | €491,312 | ▲ 20.8% |
| Equity10/15 | €243,250 | €284,501 | €325,114 | €378,952 | €452,846 | ▲ 19.5% |
| Contributions10/11 | €62,000 | €62,000 | €62,000 | €62,000 | €62,000 | = |
| Capital10 | €62,000 | €62,000 | €62,000 | €62,000 | €62,000 | = |
| Issued capital100 | €62,000 | €62,000 | €62,000 | €62,000 | €62,000 | = |
| Reserves13 | €181,250 | €222,501 | €263,114 | €316,952 | €390,846 | ▲ 23.3% |
| Non-distributable reserves130/1 | €13,949 | €13,949 | €13,949 | €13,949 | €13,949 | = |
| Legal reserve130 | €13,949 | €13,949 | €13,949 | €13,949 | €13,949 | = |
| Distributable reserves133 | €167,301 | €208,552 | €249,165 | €303,003 | €376,897 | ▲ 24.4% |
| Amounts payable17/49 | €18,954 | €28,019 | €19,921 | €27,662 | €38,467 | ▲ 39.1% |
| Amounts payable within one year42/48 | €18,954 | €28,019 | €19,921 | €24,706 | €38,467 | ▲ 55.7% |
| Trade debts44 | €7,738 | €839 | €2,271 | €2,525 | €5,104 | ▲ 102% |
| Suppliers440/4 | €7,738 | €839 | €2,271 | €2,525 | €5,104 | ▲ 102% |
| Taxes, remuneration and social security45 | €1,639 | €9,066 | €6,517 | €13,749 | €22,647 | ▲ 64.7% |
| Taxes450/3 | €1,639 | €9,066 | €6,517 | €13,749 | €22,647 | ▲ 64.7% |
| Other amounts payable47/48 | €9,577 | €18,114 | €11,134 | €8,432 | €10,715 | ▲ 27.1% |
| Accrued charges and deferred income492/3 | - | - | - | €2,957 | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €7,360 | €41,251 | €40,613 | €53,837 | €73,894 | ▲ 37.3% |
| + Depreciation and write-downs630 | €558 | - | - | €16,496 | €17,351 | ▲ 5.2% |
| Operating cash flow (approximation) | €7,918 | €41,251 | €40,613 | €70,333 | €91,245 | ▲ 29.7% |
| Investment in fixed assets (approximation) | - | - | - | - | €0 | - |
| Change in cash | - | €58,199 | €35,124 | -€112,539 | €38,091 | ▲ 134% |
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
Next filing, fiscal year 2026, expected by
2026
30-06
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Highest result since 2018net €73,894 ▲37.3%
Operating result €102,804, net result €73,894, both a record.
30-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
27-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 27 days late
2023
11-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 11 days late
2022
30-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Weakest financial yearnet €7,360 ▼18.5%
Net result drops to €7,360, the lowest in the series; recovery starts the following year.
16-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
26-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 26 days late
2019
28-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
27-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
20-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 8 acts read
About the unread acts
We know of 8 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
8 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, Gent · 1 establishment unit since 1986
Ground area
1,235 m²
Building footprint
264 m²
Volume, LiDAR
2,601 m³
Parcel 44061B0320/00P003, Flanders · tallest building 15.3 m, ±4 floors. Linked by address, not a title deed.
4
companies at this address
See who is registered here
1 establishment unit
TERMIN
since 19862.031.182.671
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44061B0320/00P003 | Flanders | 1,235 m² | 1 · 264 m² | 15.3 m · 4 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.
Subsidies and aid
Flemish government
2024 · 1 entry · 196 EUR awarded · 196 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2024 | 1 | 196 EUR | 196 EUR |
Schemes
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Of 332 companies in sector 46492 we hold annual accounts for 240. 187 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
Founded19-12-1986
Fiscal year end31-12
Activities, NACEBEL 2025
46492Wholesale trade
46431Wholesale of electrical household appliances and audio-video equipment
46500Wholesale of information and communication equipment
46900Non-specialised wholesale trade
E-invoicing
Reachable via Peppol
Peppol ID
0208:0430018222
Also
9925:BE0430018222
Registered
08-12-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 30 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.