TERMINALIA
ActiveSummary
TERMINALIA has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €207,934 and a net result of €5,809. Equity is growing by ~70.1% per year across the filed fiscal years. Its solvency ranks better than 63% of 742 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Overview
What they do
Engineering and related technical consultancy, excluding land surveyors
NACE 71121
1 site
How big
€370,814total assets 2025
- Equity
- €207,934
- Profit
- €5,809
Who decides
- Holdings
- 1
Accounts filed 31 d late0 of 3 deeds read
Why 66- Higher-failure-rate region+ Lower-failure-rate sector+ Annual accounts: healthy financial profileFiled after the deadlineShow the evidence
Checked score
Score 2025
Axes · tick = 2024
Profitability45▼-8
Solvency81▲+12
Growth78=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €13,000 at 30 days acceptable
Liquidity short (current ratio 0.7 against 0.73 in 2024; short-term debt: 41.1% and cash: 1.3% of total assets), and 43.9% of the assets are financed with debt.
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Four 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 71
Relative position
BE, all sectors
reference
Architectural and engineering activities; technical testing and analysis (NACE 71)
about 56% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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
56.1%
Return on assets
1.6%
Age of the figures
12 mo
neutral · Filed after the deadline
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 31-05-2026, 31 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 8 filingsDeviation from the deadline
2025
31 d late
2024
23 d late
2023
on the day
2022
138 d early
2021
3 d late
2020
15 d early
2019
1 d early
← 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 14 days before the deadline; the sector median for financial year 2024 is 8 days before the deadline, and 34% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today. Usually files around 3 May (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
30-09-2026 close01-10-2026 today30-04-2027 deadline
- Annual accounts filedfiscal year 2025 · full…
- Annual accounts filedfiscal year 2024 · full…
- Equity above €200,000Eq €202,958 ▲4.2%
Financials
Fiscal year 2025Total assets €370,814Profit €5,809Solvency 56.1%Liquidity 0.70
Total assets
€370,814▼ 20.1%
2019 - 2025
Net result
€5,809▼ 35.1%
2019 - 2025
Equity
€207,934▲ 2.5%
2019 - 2025
Solvency
56.1%▲ 12.3pp
2019 - 2025
Financials · fiscal year 2025, full schema
Trend over the years
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 71, Architectural and engineering activities; technical testing and analysis, 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€33,492▲ 336%€42,236▲ 26.1%€197,035▲ 367%€24,598▼ 87.5%€21,232▼ 13.7%
Net result€22,143within the sector's middle half▲ 382%€29,514within the sector's middle half▲ 33.3%€169,726within the sector's middle half▲ 475%€8,957within the sector's middle half▼ 94.7%€5,809within the sector's middle half▼ 35.1%
Equity€45,594within the sector's middle half▲ 88.0%€25,108within the sector's middle half▼ 44.9%€194,835within the sector's middle half▲ 676%€202,958within the sector's middle half▲ 4.2%€207,934within the sector's middle half▲ 2.5%
Total assets€230,136within the sector's middle half▼ 5.9%€230,705within the sector's middle half▲ 0.2%€384,458within the sector's middle half▲ 66.6%€463,893within the sector's middle half▲ 20.7%€370,814below the sector's middle half▼ 20.1%
Debt€184,542▼ 16.3%€205,596▲ 11.4%€189,623▼ 7.8%€260,935▲ 37.6%€162,880▼ 37.6%
Working capital-€145,629below the sector's middle half▲ 17.8%-€143,334below the sector's middle half▲ 1.6%-€111,495below the sector's middle half▲ 22.2%-€67,404below the sector's middle half▲ 39.5%-€46,428below the sector's middle half▲ 31.1%
Solvency19.8%below the sector's middle half▲ 9.9pp10.9%below the sector's middle half▼ 8.9pp50.7%within the sector's middle half▲ 39.8pp43.8%within the sector's middle half▼ 6.9pp56.1%within the sector's middle half▲ 12.3pp
Current ratio0.20below the sector's middle half▲ 0.070.30below the sector's middle half▲ 0.100.41below the sector's middle half▲ 0.110.73below the sector's middle half▲ 0.320.70below the sector's middle half▼ 0.03
Return on assets (ROA)9.6%within the sector's middle half▲ 7.7pp12.8%within the sector's middle half▲ 3.2pp44.1%above the sector's middle half▲ 31.4pp1.9%within the sector's middle half▼ 42.2pp1.6%within the sector's middle half▼ 0.4pp
above
within
below
the middle half (P25 to P75) of NACE 71, Architectural and engineering activities; technical testing and analysis, each year against the same schema; no band under 30 filings.
Why a figure moved sharply
- 2023 Net result +475% on 2022. The accounts now follow the full schema, last year the micro schema.
Result and balance sheet
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2025 is 14% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €370,814
Fixed assets
€264,695 ▼ 6.4%
Current assets
€106,119 ▼ 41.4%
Equity and liabilities €370,814
Equity
€207,934 ▲ 2.5%
Debt
€162,880 ▼ 37.6%
Debt's share of the balance-sheet total falls from 56.2% to 43.9%. Equity is higher and debt is lower.
Key figures and ratios
Key figures and ratios
EBITDA
€39,190▼
2024 · €48,744
Cash flow
€23,766▼
2024 · €33,103
Debt to equity
0.78▼
2024 · 1.29
ROE
2.8%▼
2024 · 4.4%
Interest coverage
2.92▼
2024 · 3.86
Debt ≤ 1 year
€152,547▼
2024 · €248,644
Income taxes
€2,018▼
2024 · €3,024
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | €162,000 | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €25,218 | €25,218 | €25,163 | €24,146 | €17,958 | ▼ 25.6% |
| Other operating charges640/8 | €348 | €397 | €546 | €387 | €580 | ▲ 49.7% |
| Gross operating margin9900 | €59,057 | €67,851 | €222,744 | €49,132 | €39,769 | ▼ 19.1% |
| Operating profit (loss)9901 | €33,492 | €42,236 | €197,035 | €24,598 | €21,232 | ▼ 13.7% |
| Financial charges65/66B | €1,877 | €818 | €1,124 | €12,617 | €13,405 | ▲ 6.2% |
| Recurring financial charges65 | €1,877 | €818 | €1,124 | €12,617 | €13,405 | ▲ 6.2% |
| Profit (loss) for the period before taxes9903 | €31,614 | €41,418 | €195,911 | €11,981 | €7,827 | ▼ 34.7% |
| Income taxes67/77 | €9,472 | €11,904 | €26,185 | €3,024 | €2,018 | ▼ 33.3% |
| Profit (loss) for the period9904 | €22,143 | €29,514 | €169,726 | €8,957 | €5,809 | ▼ 35.1% |
| Profit (loss) for the period to be appropriated9905 | €22,143 | €29,514 | €169,726 | €8,957 | €5,809 | ▼ 35.1% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €230,136 | €230,705 | €384,458 | €463,893 | €370,814 | ▼ 20.1% |
| Fixed assets21/28 | €194,007 | €168,790 | €306,799 | €282,653 | €264,695 | ▼ 6.4% |
| Intangible fixed assets21 | €143,113 | €119,553 | €95,993 | €72,433 | €54,695 | ▼ 24.5% |
| Tangible fixed assets22/27 | €2,895 | €1,237 | €806 | €220 | - | - |
| Furniture and vehicles24 | €2,895 | €1,237 | €806 | €220 | - | - |
| Financial fixed assets28 | €48,000 | €48,000 | €210,000 | €210,000 | €210,000 | = |
| Current assets29/58 | €36,129 | €61,915 | €77,659 | €181,241 | €106,119 | ▼ 41.4% |
| Amounts receivable within one year40/41 | €7,874 | €8,217 | €71,998 | €180,284 | €100,398 | ▼ 44.3% |
| Trade receivables40 | €7,865 | €8,195 | €71,995 | €173,258 | €92,414 | ▼ 46.7% |
| Other amounts receivable41 | €9 | €22 | €3 | €7,026 | €7,984 | ▲ 13.6% |
| Cash at bank and in hand54/58 | €28,255 | €53,698 | €5,660 | €132 | €4,809 | ▲ 3,539% |
| Deferred charges and accrued income490/1 | - | - | - | €825 | €912 | ▲ 10.6% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €230,136 | €230,705 | €384,458 | €463,893 | €370,814 | ▼ 20.1% |
| Equity10/15 | €45,594 | €25,108 | €194,835 | €202,958 | €207,934 | ▲ 2.5% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €1,860 | €1,860 | €170,860 | €170,860 | €170,860 | = |
| Non-distributable reserves130/1 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Reserves not available under the articles1311 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Distributable reserves133 | - | - | €169,000 | €169,000 | €169,000 | = |
| Profit (loss) carried forward14 | €25,134 | €4,648 | €5,375 | €13,498 | €18,474 | ▲ 36.9% |
| Amounts payable17/49 | €184,542 | €205,596 | €189,623 | €260,935 | €162,880 | ▼ 37.6% |
| Amounts payable after more than one year17 | €2,437 | - | - | - | - | - |
| Financial debts170/4 | €2,437 | - | - | - | - | - |
| Amounts payable within one year42/48 | €181,758 | €205,249 | €189,154 | €248,644 | €152,547 | ▼ 38.6% |
| Current portion of amounts payable after more than one year42 | €9,709 | €2,437 | - | - | - | - |
| Financial debts43 | - | - | €4,483 | €4,496 | €5,946 | ▲ 32.2% |
| Credit institutions430/8 | - | - | €4,483 | €4,496 | €5,946 | ▲ 32.2% |
| Trade debts44 | €5,702 | €754 | €5,207 | €71,233 | €740 | ▼ 99.0% |
| Suppliers440/4 | €5,702 | €754 | €5,207 | €71,233 | €740 | ▼ 99.0% |
| Taxes, remuneration and social security45 | €13,999 | €16,411 | €22,963 | €25,477 | €4,872 | ▼ 80.9% |
| Taxes450/3 | €12,999 | €16,411 | €22,963 | €25,477 | €4,872 | ▼ 80.9% |
| Remuneration and social security454/9 | €1,000 | - | - | - | - | - |
| Other amounts payable47/48 | €152,347 | €185,647 | €156,501 | €147,438 | €140,990 | ▼ 4.4% |
| Accrued charges and deferred income492/3 | €348 | €348 | €470 | €12,291 | €10,333 | ▼ 15.9% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €22,143 | €29,514 | €169,726 | €8,957 | €5,809 | ▼ 35.1% |
| + Depreciation and write-downs630 | €25,218 | €25,218 | €25,163 | €24,146 | €17,958 | ▼ 25.6% |
| Operating cash flow (approximation) | €47,361 | €54,732 | €194,890 | €33,103 | €23,766 | ▼ 28.2% |
| Investment in fixed assets (approximation) | - | €0 | -€163,173 | €0 | €0 | - |
| Change in cash | - | €25,443 | -€48,037 | -€5,528 | €4,676 | ▲ 185% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
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Of 11,583 companies in this sector we hold annual accounts for 6,568. 5,088 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Board & ownership
1 holding
Directors
Directors
No directors read yet: 0 of 3 Gazette acts processed. See the function holders in the CBE →
Structure & network
Owners and holdings
1 holding · 2 subsidiaries in the treeOwners 0
The accounts to 30-09-2025 list no shareholders, and no other source names one.
Holdings 1
-
80%
All subsidiaries, including indirect ones 2
Companies in which this company or one of its subsidiaries holds more than half, or which it consolidates according to the LEI register.
VINALIA 80%1 subsidiary
- 4D MANAGEMENT 100%
According to the annual accounts to 30-09-2025 of TERMINALIA 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 directors read yet: 0 of 3 Gazette acts processed.
Timeline
12 eventsLatest 31-05-2026Next filing 30-04-2027
History
Acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
31-05
NBB filing
Annual accounts filed
fiscal year 2025 · full schema · 31 days late
2025
23-05
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 23 days late
2024
30-09
Financial
Equity above €200,000Eq €202,958 ▲4.2%
5 profitable years in a row build equity to €202,958.
30-04
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
30-09
Financial
Highest result since 2019net €169,726 ▲475%
Operating result €197,035, net result €169,726, both a record.
30-09
Financial
Equity above €150,000Eq €194,835 ▲676%
4 profitable years in a row build equity to €194,835.
2022
13-12
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
03-05
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 3 days late
2021
15-04
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
30-09
Financial
Back to profitnet €4,589
Net result €4,589 after one loss-making year.
29-04
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
30-04
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 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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Company details
Private limited company · founded 11-08-2017Year ends 30-09Peppol reachable1 site
Register details
Identification
Legal formPrivate limited company
Founded11-08-2017
Fiscal year end30-09
Activities, NACEBEL 2025
71121Engineering and related technical consultancy, excluding land surveyors
70200Business and other management consultancy
71122Land surveying
E-invoicing
Reachable via Peppol
Peppol ID
0208:0679769664
Registered
16-12-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 1 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Sites & property
Location & real-estate footprint
Registered office, Verviers · 1 establishment unit since 2017
Ground area
1,229 m²
Building footprint
437 m²
Volume, LiDAR
4,224 m³
2 parcels, Wallonia · tallest building 21.4 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
TERMINALIA
since 2017unit no. 2.266.904.549
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 62030A0172/00M000 | Wallonia | 1,130 m² | 1 · 347 m² | 21.4 m · 3 fl. |
| 63036A0532/00A004 | Wallonia | 98 m² | 1 · 90 m² | 8.2 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed
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