TERNIER
ActiveTERNIER has been active since 1976 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.21M and a net result of €217k. Equity is growing by ~16.3% per year across the filed fiscal years. Its solvency ranks better than 84% of 271 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
96
/ 100
Excellent▲ +28 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability89▲+19
Solvency85▲+10
Growth78=
Stability100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €120k at 30 days acceptable
Liquidity tight (current ratio 1.35 against 0.89 in 2024), and 19.6% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six 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
80.4%
Return on assets
14.4%
Age of the figures
8 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 16
Relative position
BE, all sectors
reference
Sector 16
higher
← 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 18-03-2026, 135 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
135 d early
2024
34 d early
2023
41 d early
2022
32 d early
2021
32 d early
2020
31 d early
2019
32 d early
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
14-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€1.21M▲ 12.7%
2024 · €1.08M
2018: €424k
2019: €461k
2020: €557k
2021: €710k
2022: €794k
2023: €991k
2024: €1.08M
2018 → 2025
Total assets
€1.51M▼ 3.3%
2024 · €1.56M
2018: €691k
2019: €756k
2020: €855k
2021: €1.09M
2022: €1.17M
2023: €1.38M
2024: €1.56M
2018 → 2025
Net result
€217k▲ 44.5%
2024 · €150k
2018: €57k
2019: €37k
2020: €96k
2021: €152k
2022: €85k
2023: €196k
2024: €150k
2018 → 2025
Working capital
€87k
2024 · €-46k
2018: €233k
2019: €284k
2020: €392k
2021: €201k
2022: €-45k
2023: €185k
2024: €-46k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€710k-€794k▲ 11.9%€991k▲ 24.7%€1.08M▲ 8.6%€1.21M▲ 12.7%
Operating result€204k-€134k▼ 34.6%€307k▲ 130%€225k▼ 26.6%€315k▲ 39.8%
Net result€152k-€85k▼ 44.5%€196k▲ 132%€150k▼ 23.6%€217k▲ 44.5%
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 recovers in 2025; 2025 is 40% above 2024 and is the highest year so far.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.51M
Fixed assets
€1.17M▼ 0.3%
Current assets
€339k▼ 12.2%
Equity and liabilities €1.51M
Equity
€1.21M▲ 12.7%
Debt
€296k▼ 38.9%
The debt ratio falls from 31.0% to 19.6%: equity grows while debt is paid down.
Key figures and ratios
EBITDA
€367k▲
2024 · €275k
Cash flow
€268k▲
2024 · €199k
Solvency
80.4%▲
2024 · 69.0%
Current ratio
1.35▲
2024 · 0.89
Quick ratio
1.33▲
2024 · 0.89
Debt / equity
0.24▼
2024 · 0.45
ROE
17.9%▲
2024 · 13.9%
ROA
14.4%▲
2024 · 9.6%
Interest coverage
96.17▼
2024 · 133.27
Debt
€296k▼
2024 · €483k
Debt ≤ 1 year
€252k▼
2024 · €432k
Debt > 1 year
€44k▼
2024 · €51k
Income taxes
€95k▲
2024 · €73k
Staff costs
€207k▲
2024 · €183k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€1.56M€1.51M▼
Fixed assets21/28€1.17M€1.17M▼
Tangible fixed assets22/27€1.17M€1.17M▼
Land and buildings22€1.11M€1.09M▼
Plant, machinery and equipment23€26k€11k▼
Furniture and vehicles24€39k€70k▲
Current assets29/58€386k€339k▼
Stocks and contracts in progress3€3k€4k▲
Stocks30/36€3k€4k▲
Amounts receivable within one year40/41€13k€12k▼
Trade receivables40€2k€1k▼
Other amounts receivable41€11k€11k▲
Cash at bank and in hand54/58€370k€323k▼
Equity and liabilities
Total equity and liabilities10/49€1.56M€1.51M▼
Equity10/15€1.08M€1.21M▲
Contributions10/11€50k€50k=
Reserves13€691k€791k▲
Tax-exempt reserves132€20k€20k=
Distributable reserves133€671k€771k▲
Profit (loss) carried forward14€335k€371k▲
Amounts payable17/49€483k€296k▼
Amounts payable after more than one year17€51k€44k▼
Financial debts170/4€51k€44k▼
Amounts payable within one year42/48€432k€252k▼
Current portion of amounts payable after more than one year42€7k€8k▲
Trade debts44€36k€604▼
Suppliers440/4€36k€604▼
Taxes, remuneration and social security45€93k€42k▼
Taxes450/3€86k€37k▼
Remuneration and social security454/9€7k€5k▼
Other amounts payable47/48€295k€202k▼
Income statement
Code20242025
Non-recurring operating income76A-€11k
Remuneration, social security and pensions62€183k€207k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€49k€52k▲
Other operating charges640/8€154k€141k▼
Non-recurring operating charges66A€18k-
Gross operating margin9900€630k€715k▲
Operating profit (loss)9901€225k€315k▲
Financial income75/76B€0€0▼
Recurring financial income75€0€0▼
Financial charges65/66B€2k€4k▲
Recurring financial charges65€2k€4k▲
Profit (loss) for the period before taxes9903€223k€311k▲
Income taxes67/77€73k€95k▲
Profit (loss) for the period9904€150k€217k▲
Profit (loss) for the period to be appropriated9905€150k€217k▲
Appropriation of the result
Profit (loss) to be appropriated9906€455k€551k▲
Profit (loss) brought forward from the previous period14P€305k€335k▲
Transfer from equity791/2€65k€80k▲
Transfer to equity691/2€120k€180k▲
To other reserves6921€120k€180k▲
Profit to be distributed694/7€65k€80k▲
Return on contributions (dividend)694€65k€80k▲
Social balance
Average headcount (FTE)90873.87.8▲
The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
18-03
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Highest result since 2018net €217k ▲44.5%
Operating result €315k, net result €217k, both a record.
27-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Equity above €1MEq €1.08M ▲8.6%
7 profitable years in a row build equity to €1.08M.
20-06
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
29-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
29-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
30-06
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Equity above €500kEq €557k ▲20.8%
3 profitable years in a row build equity to €557k.
29-06
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
31-12
Financial
Weakest financial yearnet €37k ▼34.4%
Net result drops to €37k, the lowest in the series; recovery starts the following year.
24-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
22-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
26-06
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.
Directors · office · real estate
Directors
2 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, Nieuwpoort · 1 establishment unit since 1976
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Jozef Cardijnlaan 428620 NieuwpoortGround area
2,662 m²
Building footprint
1,259 m²
Volume, LiDAR
9,033 m³
2 parcels, Flanders · tallest building 30.2 m, ±6 floors. Linked by address, not a title deed.
1 establishment unit
DE STRANDJUTTER
since 19762.039.433.116
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 38402E0183/00L003 | Flanders | 2,416 m² | 1 · 957 m² | 8.9 m · 1 fl. |
| 38402D0330/00B000 | Flanders | 246 m² | 1 · 302 m² | 30.2 m · 6 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2022 · 1 entry · 2,000 EUR awarded · 2,000 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2022 | 1 | 2,000 EUR | 2,000 EUR |
Schemes
Hinderpremie bij openbare werken
Recognitions · licences · registrations
Food safety, FASFC
1 siteNieuwpoort2.039.433.116
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Of 1,594 companies in sector 16230 we hold annual accounts for 777. 392 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded27-01-1976
Fiscal year end31-12
Activities, NACEBEL
16230Manufacture of other builders' carpentry and joinery
20300
55302
56102Limited-service restaurants
56112Limited-service restaurants, excluding mobile food services
92723
93299Other amusement and recreation activities
Sources
Crossroads Bank for EnterprisesNational Bank · 49 filingsAddress and cadastre registers
Data from official sources, last processed on 13-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
2 entriesWebsite:www.kabienen.be
E-mail:ternier@kabienen.be