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TERRWELL

Active
Private limited companyfounded 20197 yrs activeScoutsstraat 54, 9240 Zele, BelgiumKBO/BCE: BE 0735.345.023
Summary

The computed 12-month bankruptcy probability of TERRWELL is 9.5% (elevated). The 2024 annual accounts show negative equity (-€71,997) and a net result of -€10,907. Equity is shrinking by ~26.4% per year across the filed fiscal years. Its solvency ranks better than 5% of 26069 sector peers (fiscal year 2024). The company has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals.

Risk analysisWatch ReportCompare
TERRWELLActiveChecked score 30/100
Risk analysis ReportCompare

Overview

Activity
Retail sale of clothing and accessories for women, men, children and babies (general range)
NACE 47716
1 site
Size
€21,045total assets 2024
Equity
-€71,997
Loss
-€10,907
Turnover not published (abridged schema)
Financial health
30 Weak Checked score 2024
Bankruptcy chance 12 m
9.5%
Structure
Accounts 66 d overdue0 of 1 deed read
Why 30- 1 financial year not filed after the legal deadline; latest accounts 291 days late; 3 of the last 3 late- Figures for FY 2024 (filed 27-05-2026)- Founded in 2019- Loss of €10,907, the second in a row (FY 2024)Show the evidence

Checked score

Score 2024
30 / 100
Weak
Probability in this band: 4.2% to 15.0%
Better than 13% of its sector peers (NACE 47, micro)
Performance against the sector, not lower risk
Every signal that weighs is under Signals.
Financial strength · tick = 2023
Weak
Solvency 0=
equity -342.1% of total assets
Liquidity 18+2
short-term debt 299.6% · cash 14.4%
Profitability 0=
return on assets -51.8%
Bankruptcy probability, 12 months
9.5% Elevated
0%0.5%1.5%4%10%≥ 25%

About 9 in 100 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.6% (40,156 companies)
Last 24 months 11-2024: 3.2% 12-2024: 3.3%▲ +2.6% vs 11-2024 01-2025: 3.2%▼ -2.3% vs 12-2024 02-2025: 3.2%● 0.0% vs 01-2025 03-2025: 3.2%▼ -1.2% vs 02-2025 04-2025: 3.2%▲ +1.7% vs 03-2025 05-2025: 3.2%▼ -1.8% vs 04-2025lowest value 06-2025: 3.2%▲ +2.3% vs 05-2025 07-2025: 3.3%▲ +0.3% vs 06-2025 08-2025: 4.0%▲ +21.8% vs 07-2025 09-2025: 4.2%▲ +5.8% vs 08-2025 10-2025: 5.5%▲ +31.1% vs 09-2025 11-2025: 5.6%▲ +1.7% vs 10-2025 12-2025: 6.7%▲ +20.4% vs 11-2025 01-2026: 9.2%▲ +36.7% vs 12-2025 02-2026: 9.2%● 0.0% vs 01-2026 03-2026: 9.5%▲ +3.7% vs 02-2026highest value 04-2026: 8.9%▼ -6.9% vs 03-2026 05-2026: 8.9%● 0.0% vs 04-2026 06-2026: 6.4%▼ -27.9% vs 05-2026 07-2026: 6.3%▼ -0.9% vs 06-2026 08-2026: 7.0%▲ +9.5% vs 07-2026 09-2026: 7.3%▲ +4.9% vs 08-2026 10-2026: 9.5%▲ +29.9% vs 09-2026
  • 1 financial year not filed after the legal deadline; latest accounts 291 days late; 3 of the last 3 late raises the probability
  • Figures for FY 2024 (filed 27-05-2026) raises the probability
  • Founded in 2019 raises the probability for this profile
  • Loss of €10,907, the second in a row (FY 2024) raises the probability
No credit on open account
Liquidity short (current ratio 0.19 against 0.3 in 2023; short-term debt: 299.6% and cash: 14.4% of total assets), and equity is negative.
How it is calculated

The band comes from the bankruptcy probability on a scale of 0 to 100: every 10 points more double the odds of getting through the year without bankruptcy.

75-100 Excellent under 0.55%
60-74 Healthy 0.55% to 1.5%
45-59 Fair 1.5% to 4.2%
25-44 Weak 4.2% to 15.0%
0-24 Critical over 15.0%

Place inside the band: half the bankruptcy probability, half how the company does against its sector peers (NACE 47, micro). Better than this share of them on solvency 6%, liquidity 17%, profitability 6%, growth against the median 21%. That is performance, not lower risk; the band itself always comes from the probability.

Bankruptcy probability: model pd-v3.202610021621, computed on 04-10-2026. The model learns from Belgian bankruptcies and reads the registers, the annual accounts and the gazette.

Ceilings: negative or zero equity, a heavy loss, a special KBO legal situation and a missing filing 59 (two missing 44), an ongoing judicial reorganisation or an ending 24. Financial strength does not count in the score.

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Signals

Six signals. The signal on the left, the evidence on the right.
+raises risk
raises risk · 1 financial year not filed after the legal deadline; latest accounts 291 days late; 3 of the last 3 late
In the bankruptcy model this factor raises the probability.
NBB · filings
raises risk · Figures for FY 2024 (filed 27-05-2026)
In the bankruptcy model this factor raises the probability.
NBB · annual accounts
raises risk · Founded in 2019
In the bankruptcy model this factor raises the probability for this profile.
KBO
raises risk · Loss of €10,907, the second in a row (FY 2024)
In the bankruptcy model this factor raises the probability.
NBB · annual accounts
raises risk · Negative equity
The 2024 annual accounts show negative equity and a net loss.
NBB · annual accounts 2024
Equity per financial year
2021222324
2020 to 2024 · latest year -€71,997
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 18-05-2026, 291 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 5 filings
Deviation from the deadline
2025
not confirmed
2024
291 d late
2023
61 d late
2022
71 d late
2021
12 d late
2020
167 d late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 5 accounts on average 120 days after the deadline; the sector median for financial year 2024 is on the deadline day, and 47% of the sector filed late.

Checked, nothing found (1)
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage
  1. Annual accounts filedfiscal year 2024 · micro…
  2. Annual accounts filedfiscal year 2023 · micro…
  3. Annual accounts filedfiscal year 2022 · micro…

Key points

  • Risk: Negative equityfiscal year 2024: debts exceed assets -€71,997 View
  • Risk: 5 loss-making years in a rowloss fiscal year 2024 -€10,907 View
  • Caution: Among the weakest 5% on solvencysector median 32.3% · 26,069 companies -342.1% View
  • Caution: Accounts not fileddeadline was 31-07-2026 66 d late View

By topic

Financials

Fiscal year
2024
Total assets
€21,045
Loss
-€10,907
Solvency
-342.1%
Total assets▼ 29.5%
Net result
20202024
Go to Financials

Timeline

Events
5
Since
2022
  1. 18-05-2026Annual accounts filed
  2. 30-09-2024Annual accounts filed
  3. 10-10-2023Annual accounts filed
Go to Timeline

Company details

Sites
1
Legal form
Private limited company
Activity
Retail sale of clothing and accessories for women…NACE 47716
Founded
27-09-2019
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

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