TERMINUS
TERMINUS has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (€-14k) and a net result of €-15k. Equity is shrinking by ~590.4% per year across the filed fiscal years. Its solvency ranks better than 6% of 8388 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.7% (low).
| Equity | €-14k |
| Net result | €-15k |
| Better than sector | 6% |
| Active | 3 yrs |
Mixed profile: strong on profitability, weaker on health.
All 5 axes are computed from data Checked has read.
How do we compute this?
The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.
The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.
A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | -13.8% | 53.1% | |
| Net result | €-15k | €38k | |
| Equity | €-14k | €354k | |
| Gross operating margin | €-13k | €87k | |
| Staff costs | €0 | €79k |
Figures by fiscal year and ratios
| Fiscal year | 2025 | 2024 | 2023 |
|---|---|---|---|
| Deposit | abbreviated schema | abbreviated schema | abbreviated schema |
| Revenue | - | - | - |
| EBITDA | €-20k | €1.47M | €409k |
| Net profit | €-15k | €1.14M | €130k |
| Cash flow | €-15k | €1.15M | €348k |
| Staff costs | €0 | €118k | €133k |
| Income taxes | €0 | €386k | €48k |
| Dividends | €0 | €1.27M | - |
| Total assets | €104k | €1.73M | €12.27M |
| Equity | €-14k | €21k | €230k |
| Debt | €119k | €1.71M | €12.04M |
| of which ≤ 1y | €119k | €1.71M | €10.40M |
| of which > 1y | - | €0 | €1.63M |
| Working capital | €-14k | €7k | €-73k |
| Employees (FTE) | 0.0 | 1.7 | 2.0 |
| 2025 | 2024 | 2023 | |
|---|---|---|---|
| Current ratio | 0.88 | 1.00 | 0.99 |
| Quick ratio | 0.88 | 1.00 | 0.99 |
| Working capital ratio | -13.8% | 0.4% | -0.6% |
| Solvency | -13.8% | 1.2% | 1.9% |
| Debt / equity | -8.27 | 82.60 | 52.30 |
| Long-term debt ratio | - | 0.00 | 7.10 |
| Interest coverage | -14.27 | 105.86 | 29.32 |
| Gross margin | - | - | - |
| Net margin | - | - | - |
| ROA | -14.4% | 66.1% | 1.1% |
| ROE | 105.0% | 5526.1% | 56.6% |
| EBITDA margin | - | - | - |
| Days sales outstanding | - | - | - |
| Days payable outstanding | - | - | - |
| Inventory turnover | - | - | - |
| Days inventory (DSI) | - | - | - |
Full annual accounts (23 line items)
| Line item | Code | 2025 | 2024 | 2023 |
|---|---|---|---|---|
| Balance sheet, Assets | ||||
| TOTAL ASSETS | 20/58 | €104k | €1.73M | €12.27M |
| Fixed assets | 21/28 | €0 | €14k | €1.94M |
| Intangible fixed assets | 21 | - | €0 | €1.92M |
| Tangible fixed assets | 22/27 | €0 | €14k | €18k |
| Current assets | 29/58 | €104k | €1.72M | €10.33M |
| Amounts receivable within one year | 40/41 | €94k | €1.22M | €61k |
| Cash & bank | 54/58 | €10k | €499k | €10.26M |
| Balance sheet, Equity & liabilities | ||||
| TOTAL EQUITY & LIABILITIES | 10/49 | €104k | €1.73M | €12.27M |
| Equity | 10/15 | €-14k | €21k | €230k |
| Contributions / capital | 10/11 | €0 | €20k | €100k |
| Accumulated profits (losses) | 14 | €-14k | €711 | €130k |
| Amounts payable | 17/49 | €119k | €1.71M | €12.04M |
| Amounts payable after one year | 17 | - | €0 | €1.63M |
| Amounts payable within one year | 42/48 | €119k | €1.71M | €10.40M |
| Trade debts payable within one year | 44 | €21k | €58k | €8.85M |
| Income statement | ||||
| Gross operating margin | 9900 | €-13k | €1.61M | €546k |
| Operating result | 9901 | €-20k | €1.46M | €191k |
| Financial income | 75 | €6k | €80k | €1k |
| Financial charges | 65 | €1k | €14k | €14k |
| Result before taxes | 9903 | €-15k | €1.53M | €178k |
| Income taxes | 67/77 | €0 | €386k | €48k |
| Net result for the period | 9904 | €-15k | €1.14M | €130k |
| Result to be appropriated | 9905 | €-15k | €1.14M | €130k |
-
Justin VandeputteDirectorState Gazette act 25359303 (01-10-2025)Current01-10-2025 → present
Former directors (1)
-
Stephanie DumoulinDirectorState Gazette act 24441739 (06-11-2024)Former06-11-2024 → 25-09-2025
2 events
- 25-09-2025 Resigned· Director
- 06-11-2024 Appointed· Director
| NACE primary | Business and other management consultancy(70200) |
| Legal form | Private limited company(610) |
| Incorporation | 03-01-2023 |
| Status | Active |
| Postal code | 8670 |
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 38502G0275/00A000 | Flanders | 638 m² | 1 · 176 m² | 13.6 m |
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.
01-10-2025 1 director appointed, 1 resigning
- Justin Vandeputte, Bestuurder
- Stephanie Dumoulin, Bestuurder
Technical details
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}06-11-2024 Stephanie Dumoulin appointed as director
- Stephanie Dumoulin, Bestuurder
Technical details
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}| Legal nameNL | TERMINUS |