TERNOVA
ActiveSummary
TERNOVA has been active since 2015 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €42k and a net result of €17k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 50% of 9460 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
84
/ 100
Excellent
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability97▼-3
Solvency79▲+22
Growth78=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €3.5k at 30 days acceptable
Liquidity ample (current ratio 2.9 against 1.57 in 2024; short-term debt: 22.1% and cash: 7.1% of total assets), and 45.8% of the assets are financed with debt.
Credit check for your own amount and term
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
Sector 71
lower
← 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
54.2%
Return on assets
22.4%
Age of the figures
9 mo
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 02-06-2026, 59 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
59 d early
2024
61 d early
2023
60 d early
2022
39 d early
2021
29 d early
2020
6 d late
2019
23 d early
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
24-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Turnover
€0
2024 · €0
2018: €0
2019: €0
2020: €0
2021: €0
2023: €0
2024: €0
2018 → 2025
Total assets
€77k▼ 0.4%
2024 · €77k
2018: €7k
2019: €41k
2020: €37k
2021: €46k
2022: €7k
2023: €13k
2024: €77k
2018 → 2025
Net result
€17k▼ 51.2%
2024 · €35k
2018: €-6k
2019: €-1k
2020: €177
2021: €10k
2022: €-25k
2023: €8k
2024: €35k
2018 → 2025
Working capital
€33k▲ 107%
2024 · €16k
2018: €-5k
2019: €-2k
2020: €-271
2021: €11k
2022: €-12k
2023: €-11k
2024: €16k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€0-€0€0€0
Equity€6k-€-19k€-11k▲ 43.4%€25k€42k▲ 70.3%
Operating result€16k-€-24k€10k€50k▲ 410%€28k▼ 44.6%
Net result€10k-€-25k€8k€35k▲ 327%€17k▼ 51.2%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 45% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €77k
Fixed assets
€28k ▼ 19.4%
Current assets
€50k ▲ 14.7%
Equity and liabilities €77k
Equity
€42k ▲ 70.3%
Debt
€35k ▼ 33.2%
Debt's share of the balance-sheet total falls from 68.3% to 45.8%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€35k▼
2024 · €55k
Cash flow
€25k▼
2024 · €41k
Current ratio
2.90▲
2024 · 1.57
Debt to equity
0.84▼
2024 · 2.15
ROE
41.3%▼
2024 · 144.0%
ROA
22.4%▼
2024 · 45.7%
Interest coverage
31.10▼
2024 · 65.86
Debt ≤ 1 year
€17k▼
2024 · €28k
Debt > 1 year
€18k▼
2024 · €25k
Income taxes
€9k▼
2024 · €13k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 46 lines
Balance sheet
Code20242025
Assets
Total assets20/58€77k€77k▼
Formation expenses20€0€0=
Fixed assets21/28€34k€28k▼
Tangible fixed assets22/27€34k€27k▼
Furniture and vehicles24€34k€27k▼
Financial fixed assets28€338€338=
Current assets29/58€43k€50k▲
Amounts receivable within one year40/41€39k€44k▲
Trade receivables40€39k€44k▲
Other amounts receivable41€0€0=
Cash at bank and in hand54/58€4k€5k▲
Equity and liabilities
Total equity and liabilities10/49€77k€77k▼
Equity10/15€25k€42k▲
Contributions10/11€6k€6k=
Reserves13€18k€35k▲
Distributable reserves133€18k€35k▲
Profit (loss) carried forward14€516€516=
Amounts payable17/49€53k€35k▼
Amounts payable after more than one year17€25k€18k▼
Financial debts170/4€25k€18k▼
Amounts payable within one year42/48€28k€17k▼
Current portion of amounts payable after more than one year42€7k€7k▲
Trade debts44€8k€3k▼
Suppliers440/4€8k€3k▼
Taxes, remuneration and social security45€7k€3k▼
Taxes450/3€7k€3k▼
Remuneration and social security454/9€0€0=
Other amounts payable47/48€7k€4k▼
Income statement
Code20242025
Turnover70€0€0=
Goods, raw materials, services and sundry goods60/61€0€0=
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€6k€8k▲
Other operating charges640/8€352€615▲
Gross operating margin9900€56k€36k▼
Operating profit (loss)9901€50k€28k▼
Financial income75/76B-€1
Recurring financial income75-€1
Financial charges65/66B€841€1k▲
Recurring financial charges65€841€1k▲
Profit (loss) for the period before taxes9903€49k€26k▼
Income taxes67/77€13k€9k▼
Profit (loss) for the period9904€35k€17k▼
Profit (loss) for the period to be appropriated9905€35k€17k▼
Appropriation of the result
Profit (loss) to be appropriated9906€516€18k▲
Profit (loss) brought forward from the previous period14P€-35k€516▲
Transfer to equity691/2-€17k
To other reserves6921-€17k
The notes to these accounts (7 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
02-06
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-05
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Highest result since 2018net €35k ▲327%
Operating result €50k, net result €35k, both a record.
31-12
Financial
Liquidity triplescurrent ratio 1.57
Current ratio from 0.54 to 1.57.
01-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Back to profitnet €8k
Net result €8k after one loss-making year.
22-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Weakest financial yearnet €-25k
Net result drops to €-25k, the lowest in the series; recovery starts the following year.
02-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
06-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 6 days late
2020
31-12
Financial
Back to profitnet €177
Net result €177 after 2 loss-making years.
08-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
Show earlier events
2019
20-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
19-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
22-06
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.
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.
Have them read with priority
Sign in to place this company at the front of the reading queue.
Directors · office · real estate
Directors
3 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, Sprimont · 1 establishment unit since 2016
Ground area
2,097 m²
Building footprint
162 m²
Volume, LiDAR
915 m³
Parcel 62067B0579/00B002, Wallonia · tallest building 7.9 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
TERNOVA
since 20162.248.313.906
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 62067B0579/00B002 | Wallonia | 2,097 m² | 1 · 162 m² | 7.8 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
DKN Solutions
BE 1018.352.817
Waterloo · Eq €41,856
SIDEX
BE 0688.573.009
Lanaken · Eq €41,877
PRAETORIAN ENGINEERING
BE 0713.967.213
Herentals · Eq €41,879
AQUADRAAT ENGINEERING
BE 0821.164.980
Ranst · Eq €41,911
Critical Air
BE 0878.127.043
Kalmthout · Eq €41,797
Of 11,546 companies in sector 71121 we hold annual accounts for 6,560. 4,746 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded16-12-2015
Fiscal year end31-12
Activities, NACEBEL 2025
71121Engineering and related technical consultancy, excluding land surveyors
47551Retail sale of household furniture
70200Business and other management consultancy
Sources
Crossroads Bank for EnterprisesNational Bank · 10 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.