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TERMOTE

Active Private limited companyfounded 2007active for 19 yearsGeluwestraat 10, 8890 MoorsledeKBO/BCE: BE 0888.383.210
TERMOTE
Financial year 2025
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Annual accounts 2025

micro format, filed on 30-06-2026, 31 days before the deadline
Gross margin
€45,963
▲ 12×
Operating result
€33,571
▲ €46,549
EBITDA
€44,904
▲ 17×
Cash flow
€37,924
▲ 16×
Solvency
70.8%
▲ 1.7 percentage points
Current ratio
2.78
▲ 0.32

Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.

Turnover ≈ €210,000. Estimated: probably between €150,000 and €330,000.

Money flows

no detail for 2025

Balance sheet

balance sheet total €354,774 on 31-12-2025
What the company ownsHow it is paid for

Change in equityin euro

Change in cashin euro

Position in the sector

Compare with sector

Solvency70.8%

Higher than 76% of 35,060 companies in 2025.

Current ratio2.78

Higher than 68% of 34,437 companies in 2025.

Return on assets7.5%

Higher than 51% of 34,637 companies in 2025.

TERMOTE Middle half of the sector 80% of the sector Micro accounts in specialised construction (NACE 43)

Net result: middle half · Equity: top quarter · Balance sheet total: top quarter · Working capital: top quarter

Filed annual accounts

as filed with the National Bank, click a year to choose it
Line Trend2025202420232022202120202019201820172016201520142013201220112010200920082007
Balance sheet: assets
Total assets20/58 354,774325,182330,484339,064296,923225,534263,675242,847234,564203,708189,227179,192177,102164,945203,340192,15680,96960,66053,405
Fixed assets21/28 66,89778,23193,80076,13587,37077,35383,34687,63099,340112,38699,066104,111109,823117,0064,0819,98315,74122,87626,470
Tangible fixed assets22/27 66,89778,23193,80076,13587,37077,35383,34687,63099,340112,38699,066104,111109,823117,0064,0819,98315,74122,87626,470
Land and buildings22 48,89253,61458,33663,05867,78072,50277,22481,94686,66891,39096,112100,834105,556110,278-----
Plant, machinery and equipment23 -03,8049,10414,404-581,7633,7456,0562,5633,2774,2676,4703,1164,4982,9904,0421,402
Furniture and vehicles24 17,17523,02829,3138681,305--3,9218,92714,940391--2586495,11512,75118,83425,068
Other tangible fixed assets26 8311,5892,3473,1053,8814,8516,064-------317369---
Current assets29/58 287,877246,952236,685262,929209,553148,181180,330155,216135,22491,32290,16175,08267,28047,939199,259182,17365,22837,78426,935
Stocks and contracts in progress3 10,52312,8697,6544,9184,7354,4929,9364,3284,4343,9254,2962,1994,3253,15010,4052,985---
Stocks30/36 10,52312,8697,6544,9184,7354,4929,9364,3284,4343,9254,2962,1994,3253,15010,4052,985---
Amounts receivable within one year40/41 48,40754,86260,36374,72634,01241,23015,95326,30723,60524,11628,21519,70218,33324,40631,68912,11816,94714,07214,723
Trade receivables40 31,97930,89543,45366,80824,94731,51211,05821,19618,82317,69824,30418,39716,89515,44219,1148,68114,54414,07212,922
Other amounts receivable41 16,42823,96716,9097,9189,0659,7184,8945,1114,7826,4183,9121,3051,4388,96412,5753,4372,403-1,801
Current investments50/53 150,000------------------
Cash at bank and in hand54/58 77,608178,045168,089182,095169,648102,459154,441124,473101,37862,35457,55152,82544,62220,383157,144166,79348,28123,71212,212
Deferred charges and accrued income490/1 1,3391,1765791,1911,158--1085,80792799357--21277---
Balance sheet: equity and liabilities
Total equity and liabilities10/49 354,774325,182330,484339,064296,923225,534263,675242,847234,564203,708189,227179,192177,102164,945203,340192,15680,96960,66053,405
Equity10/15 251,150224,560237,727287,745254,371195,685191,780190,541178,026165,357160,155152,822150,827146,680136,838114,24142,98724,58121,222
Contributions10/11 18,90018,90018,90018,90018,90018,90018,90018,90018,90018,90018,90018,90018,90018,90018,90018,90018,90018,90018,900
Issued capital100 ------18,90018,90018,90018,90018,90018,90018,90018,90018,90018,90018,90018,90018,900
Reserves13 232,250205,660218,827268,845235,471176,748172,843171,604159,089146,421141,218133,886131,890126,890116,89091,89024,0875,6812,322
Non-distributable reserves130/1 -01,8901,8901,8901,890-------------
Legal reserve130 ------1,8901,8901,8901,8901,8901,8901,8901,8901,8901,8901,8901,8901,890
Reserves not available under the articles1311 -01,8901,8901,8901,890-------------
Distributable reserves133 232,250205,660216,937266,955233,581174,858170,953169,714157,199144,531139,328131,996130,000125,000115,00090,00022,1973,791432
Profit (loss) carried forward14 -00--37373737373737378901,0483,451---
Amounts payable17/49 103,624100,62392,75751,32042,55229,85071,89552,30656,53938,35129,07226,37026,27618,26566,50277,91637,98236,07932,183
Amounts payable after more than one year17 ---------------2,2355,41512,12018,825
Financial debts170/4 ---------------2,2355,41512,12018,825
Amounts payable within one year42/48 103,624100,62392,75751,32042,55229,85070,52750,98155,36637,10928,28125,82425,81817,78165,91975,16032,56723,95912,996
Current portion of amounts payable after more than one year42 --------------2,2356,7056,7056,7056,705
Trade debts44 7,9534,4697,40816,73316,56821,15916,64115,73314,74911,6077,38210,1739,75410,53116,08214,91011,09915,3314,091
Suppliers440/4 7,9534,4697,40816,73316,56821,15916,64115,73314,74911,6077,38210,1739,75410,53116,08214,91011,09915,3314,091
Taxes, remuneration and social security45 12610,49931,46134,40221,0494,8403,5032,1698,1672,1803,5981,9391,95762636,77542,7677,7711,3692,200
Taxes450/3 126-07,4457,6583993,5032,1698,1672,1803,5981,9391,95762636,77542,7676,6611,369700
Remuneration and social security454/9 010,49931,46126,95713,3914,441----------1,110-1,500
Other amounts payable47/48 95,54585,65453,8881854,9353,85050,38333,07832,45023,32217,30113,71314,1076,62410,82710,7786,992554-
Accrued charges and deferred income492/3 ------1,3691,3251,1731,242790546457484582521--362
Income statement
Turnover70 ----------------122,61995,67466,748
Non-recurring operating income76A -01,500------2,000------5,372--
Gross operating margin9900 45,9633,69417,53558,61190,63313,37929,47132,86836,39727,00921,4209,46214,84631,30334,440122,96027,39812,3269,356
Goods, raw materials, services and sundry goods60/61 ----------------95,22183,34857,392
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 11,33315,56911,60111,2357,1935,99211,86511,71013,04518,0985,6965,7127,13322,5396,5987,0157,6357,4855,865
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 ---0-4,040--1,0103,030----------
Other operating charges640/8 1,0591,1021,0881,2436,1131,2209741,1021,0331,2449499481,023821815734962740581
Non-recurring operating charges66A ----------2,240-110--4,421-8050
Operating profit (loss)9901 33,571-12,9784,84646,13481,3686,16716,63219,04619,2897,66714,7752,8036,6907,94227,027115,21118,8014,1012,910
Financial income75/76B 56000312472410123368505270923212,2122,8181,399519747380
Recurring financial income75 56000312472410123368505270923212,2122,8181,399519747380
Financial charges65/66B 2021902382465491,2301,6171,5061,3341,3801,2727006768531,2184,171564765126
Recurring financial charges65 2021902382465491,2301,6171,5061,3341,3801,2727006768531,2184,171564765126
Profit (loss) for the period before taxes9903 33,424-13,1684,60945,88781,1325,40915,42617,66318,3236,79211,5322,1956,2269,30128,627108,01724,1284,0033,114
Income taxes67/77 6,834092312,51422,4451,5041875,1485,6551,5894,200200411-5416,03036,7645,722644792
Profit (loss) for the period9904 26,591-13,1683,68633,37358,6863,90515,23912,51512,6685,2027,3331,9965,8149,84222,59771,25418,4063,3592,322
Profit (loss) for the period to be appropriated9905 26,591-13,1683,68633,37358,6863,90515,23912,51512,6685,2027,3331,9965,8149,84222,59771,25418,4063,3592,322
Appropriation of the result
Profit (loss) to be appropriated9906 26,591-13,1683,68633,37358,7233,94115,27612,55212,7055,2397,3692,0326,03710,89026,04871,25418,4063,3592,322
Profit (loss) brought forward from the previous period14P ---037--------------
Transfer from equity791/2 013,16853,703----------------
Transfer to equity691/2 26,59103,68633,37358,7233,9051,23912,51512,6685,2027,3331,9966,00010,00025,00067,80318,4063,3592,322
To the legal reserve6920 ------------------1,890
To other reserves6921 26,59103,68633,37358,7233,9051,23912,51512,6685,2027,3331,9966,00010,00025,00067,80318,4063,359432
Profit to be distributed694/7 -053,703---14,000------------
Return on contributions (dividend)694 -053,703----------------
Directors or managers695 ------14,000------------
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The notes to these accounts have 4 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.

Source: Annual accounts 2025 at the NBB, filed on 30-06-2026.

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Filings

each dot is a set of accounts, on the day it reached the National Bank
Financial year Type Filed Reference Document
31-12-2025 micro format 30-06-2026 2026-00235795 PDF
31-12-2024 micro format 17-07-2025 2025-00287635 PDF
31-12-2023 micro format 06-06-2024 2024-00126813 PDF
31-12-2022 micro format 09-06-2023 2023-00132371 PDF
31-12-2021 micro format 06-07-2022 2022-20160463 PDF
31-12-2020 micro format 20-07-2021 2021-40900215 PDF
31-12-2019 micro format 28-08-2020 2020-50600348 PDF
31-12-2018 micro format 27-08-2019 2019-58500107 PDF
31-12-2017 micro format 31-08-2018 2018-60500046 PDF
31-12-2016 micro format 30-08-2017 2017-55300013 PDF
31-12-2015 abbreviated format 22-08-2016 2016-48300081 PDF
31-12-2014 abbreviated format 31-08-2015 2015-57800101 PDF
31-12-2013 abbreviated format 30-08-2014 2014-57900177 PDF
31-12-2012 abbreviated format 26-08-2013 2013-47800598 PDF
31-12-2011 abbreviated format 31-08-2012 2012-52800374 PDF
31-12-2010 abbreviated format 12-09-2011 2011-54400383 PDF
31-12-2009 abbreviated format 24-05-2010 2010-12700482 PDF
31-12-2008 abbreviated format 20-05-2009 2009-15500141 PDF
31-12-2007 abbreviated format 23-06-2008 2008-27600304 PDF

Key figures and ratios

per financial year, computed from the annual accounts
Line Trend2025202420232022202120202019201820172016201520142013201220112010200920082007
EBITDA 44,9042,59116,44857,36888,56112,15928,49730,75632,33425,76520,4718,51513,82330,48133,625122,22626,43611,5868,775
Cash flow 37,9242,40215,28744,60865,8799,89727,10424,22525,71423,30113,0297,70812,94732,38129,19578,26926,04110,8448,187
Investment in fixed assets (approximation) 0029,266017,20907,5800031,4182,8920-50135,4646965,6782503,89132,335
Change in cash -100,4379,956-14,00612,44767,189-51,98229,96923,09439,0244,8034,7268,20324,239-136,761-9,650118,51224,56911,500-
Working capital 184,253146,329143,927211,609167,001118,331109,803104,23679,85854,21361,87949,25741,46230,158133,339107,01432,66113,82513,939
EBIT margin ----------------15.3%4.3%4.4%
Solvency 70.8%69.1%71.9%84.9%85.7%86.8%72.7%78.5%75.9%81.2%84.6%85.3%85.2%88.9%67.3%59.5%53.1%40.5%39.7%
Current ratio 2.782.452.555.124.924.962.563.042.442.463.192.912.612.703.022.422.001.582.07
Quick ratio 2.682.332.475.034.814.812.422.962.362.363.042.822.442.522.862.382.001.582.07
Debt to equity 0.410.450.390.180.170.150.370.270.320.230.180.170.170.120.490.680.881.471.52
ROE 10.6%-5.9%1.6%11.6%23.1%2.0%7.9%6.6%7.1%3.1%4.6%1.3%3.9%6.7%16.5%62.4%42.8%13.7%10.9%
ROA 7.5%-4.0%1.1%9.8%19.8%1.7%5.8%5.2%5.4%2.6%3.9%1.1%3.3%6.0%11.1%37.1%22.7%5.5%4.3%
Interest coverage over 10013.6669.13over 100over 100--------------
Customer credit ----------------43 days54 days71 days
Supplier credit ----------------43 days67 days26 days

A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.

Investments

fixed assets acquired
Item20252024202320222021
Tangible fixed assets--€29,266-€17,209
Depreciation and write-downs of the year€11,333€15,569€11,601€11,235€7,193

Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)

Insights on TERMOTE

The operating result for 2025 is a profit of €33,571, after a loss of €12,978 in 2024. It is the highest result since 2022.

Debt's share of the balance-sheet total falls from 30.9% to 29.2%. Equity and debt are higher.

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