Terramax
ActiveSummary
The computed 12-month bankruptcy probability of Terramax is 1.5% (moderate). The 2025 annual accounts show equity of €335k and a net result of €146k. Equity is growing by ~56.1% per year across the filed fiscal years. Its solvency ranks better than 11% of 480 sector peers (fiscal year 2025). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
37
/ 100
Weak
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability39▲+28
Solvency29=
Growth78▲+26
Track record94
Bankruptcy probability, 12 months
1.5%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €12k at 30 days only on tighter terms
Liquidity tight (current ratio 1.04 against 1.03 in 2024; short-term debt: 94.3% and cash: 4.5% of total assets), and 95.5% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 33
Relative position
BE, all sectors
reference
Sector 33
higher
← 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
4.5%
Return on assets
2%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 11% of 480 sector peers (2025).
NBB · sector comparisonPosition among 480 sector peers
Solvency
better than 11%
← weakest
strongest →
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 08-06-2026, 53 days ahead of the deadline.
NBB · 5 filingsDeviation from the deadline
2025
53 d early
2024
55 d early
2023
54 d early
2022
47 d early
2021
20 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, abbreviated schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€146k
2024 · €-306k
2021: €2k
2022: €52k
2023: €435k
2024: €-306k
2021 → 2025
Working capital
€278k▲ 105%
2024 · €136k
2021: €47k
2022: €73k
2023: €468k
2024: €136k
2021 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€52k-€105k▲ 99.9%€495k▲ 373%€189k▼ 61.9%€335k▲ 77.6%
Operating result€17k-€156k▲ 805%€688k▲ 340%€-172k€199k
Net result€2k-€52k▲ 2,116%€435k▲ 733%€-306k€146k
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €199k after a loss of €172k in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €7.45M
Fixed assets
€149k ▼ 25.4%
Current assets
€7.30M ▲ 57.5%
Equity and liabilities €7.45M
Equity
€335k ▲ 77.6%
Debt
€7.11M ▲ 53.1%
Debt's share of the balance-sheet total falls from 96.1% to 95.5%. Equity and debt are higher.
Key figures and ratios
EBITDA
€258k▲
2024 · €-130k
Cash flow
€206k▲
2024 · €-264k
Current ratio
1.04▲
2024 · 1.03
Quick ratio
0.31▲
2024 · 0.23
Debt to equity
21.24▼
2024 · 24.63
ROE
43.7%▲
2024 · -162.5%
ROA
2.0%▲
2024 · -6.3%
Interest coverage
2.12▲
2024 · -0.67
Debt ≤ 1 year
€7.02M▲
2024 · €4.50M
Debt > 1 year
€65k▼
2024 · €115k
Income taxes
€1k▼
2024 · €1k
Staff costs
€340k▲
2024 · €249k
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 · 58 lines
Balance sheet
Code20242025
Assets
Total assets20/58€4.83M€7.45M▲
Fixed assets21/28€200k€149k▼
Intangible fixed assets21€2k€300▼
Tangible fixed assets22/27€198k€147k▼
Plant, machinery and equipment23€2k€6k▲
Furniture and vehicles24€73k€57k▼
Leasing and similar rights25€113k€76k▼
Other tangible fixed assets26€10k€8k▼
Financial fixed assets28-€2k
Current assets29/58€4.63M€7.30M▲
Stocks and contracts in progress3€3.61M€5.09M▲
Stocks30/36€3.61M€5.09M▲
Amounts receivable within one year40/41€963k€1.86M▲
Trade receivables40€620k€1.47M▲
Other amounts receivable41€343k€396k▲
Cash at bank and in hand54/58€46k€334k▲
Deferred charges and accrued income490/1€17k€11k▼
Equity and liabilities
Total equity and liabilities10/49€4.83M€7.45M▲
Equity10/15€189k€335k▲
Contributions10/11€50k€50k=
Outside capital11€50k€50k=
Other1109/19€50k€50k=
Reserves13€139k€285k▲
Distributable reserves133€139k€285k▲
Amounts payable17/49€4.65M€7.11M▲
Amounts payable after more than one year17€115k€65k▼
Financial debts170/4€115k€65k▼
Amounts payable within one year42/48€4.50M€7.02M▲
Current portion of amounts payable after more than one year42€48k€50k▲
Financial debts43€1.55M€1.61M▲
Credit institutions430/8€1.55M€1.61M▲
Trade debts44€1.42M€2.90M▲
Suppliers440/4€1.42M€2.90M▲
Advances received on contracts in progress46-€50k
Taxes, remuneration and social security45€32k€44k▲
Taxes450/3€1k€1k▲
Remuneration and social security454/9€30k€43k▲
Other amounts payable47/48€1.45M€2.36M▲
Accrued charges and deferred income492/3€32k€28k▼
Income statement
Code20242025
Remuneration, social security and pensions62€249k€340k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€43k€59k▲
Other operating charges640/8€6k€5k▼
Gross operating margin9900€125k€604k▲
Operating profit (loss)9901€-172k€199k▲
Financial income75/76B€61k€71k▲
Recurring financial income75€61k€70k▲
Non-recurring financial income76B-€507
Financial charges65/66B€193k€122k▼
Recurring financial charges65€193k€122k▼
Profit (loss) for the period before taxes9903€-305k€148k▲
Income taxes67/77€1k€1k▼
Profit (loss) for the period9904€-306k€146k▲
Profit (loss) for the period to be appropriated9905€-306k€146k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-306k€146k▲
Transfer from equity791/2€306k-
Transfer to equity691/2-€146k
To other reserves6921-€146k
Social balance
Average headcount (FTE)90873.04.0▲
The notes to these accounts (18 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
08-06
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Back to profitnet €146k
Net result €146k after one loss-making year.
31-12
Financial
Equity above €200kEq €335k ▲77.6%
Equity rises from €189k to €335k.
06-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Weakest financial yearnet €-306k ▼170%
Net result drops to €-306k, the lowest in the series; recovery starts the following year.
10-07
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
07-06
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Highest result since 2021net €435k ▲733%
Operating result €688k, net result €435k, both a record.
31-12
Financial
Equity above €200kEq €495k ▲373%
3 profitable years in a row build equity to €495k.
14-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Equity above €100kEq €105k ▲99.9%
2 profitable years in a row build equity to €105k.
11-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Bilzen-Hoeselt · 1 establishment unit since 2021
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.
Tongersestraat 943740 Bilzen-HoeseltGround area
1.7 ha
Building footprint
6,419 m²
Volume, LiDAR
13,177 m³
2 parcels, Flanders · tallest building 8.3 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Palmaers Terramax
since 20212.314.103.264
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71323C0716/00S000 | Flanders | 1.3 ha | 1 · 4,523 m² | - |
| 73006H0699/00X000 | Flanders | 4,860 m² | 1 · 1,896 m² | 8.3 m · 2 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
2023 to 2025 · 3 entries · 5,553 EUR awarded · 5,553 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 153 EUR | 153 EUR |
| 2024 | 1 | 3,000 EUR | 3,000 EUR |
| 2023 | 1 | 2,400 EUR | 2,400 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 3,713 companies in sector 33120 we hold annual accounts for 1,342. 1,031 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
Founded04-03-2021
Fiscal year end31-12
Activities, NACEBEL 2025
33120Repair and maintenance of machinery
46630Wholesale trade
46649Wholesale of other machinery and equipment
Sources
Crossroads Bank for EnterprisesNational Bank · 6 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.