TERRY
ActiveSummary
TERRY has been active since 1997 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €2.35M and a net result of €29k. Equity is growing by ~46.6% per year across the filed fiscal years. Its solvency ranks better than 63% of 19356 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability70▲+3
Solvency74▲+3
Growth52=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €170k at 30 days acceptable
Liquidity short (current ratio 0.37 against 0.23 in 2023; short-term debt: 11.5% and cash: 0.1% of total assets), and 51.5% 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○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Real estate activities (NACE 68)
about 43% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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 2024Solvency, return and age of the figures
Solvency
48.5%
Return on assets
0.6%
Age of the figures
21 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 31-07-2025, 0 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
on the day
2023
13 d early
2022
on the day
2021
on the day
2020
2 d early
2019
15 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Equity
€2.35M▲ 1.3%
2023 · €2.32M
2019: €81k
2020: €-26k▼ -133% vs 2019lowest in 6 years
2021: €-18k▲ +32.7% vs 2020
2022: €2.38M▲ +13496% vs 2021highest in 6 years
2023: €2.32M▼ -2.8% vs 2022
2024: €2.35M▲ +1.3% vs 2023
2019 → 2024
Total assets
€4.83M▼ 4.1%
2023 · €5.04M
2019: €136klowest in 6 years
2020: €1.53M▲ +1022% vs 2019
2021: €2.52M▲ +64.8% vs 2020
2022: €5.21M▲ +107% vs 2021highest in 6 years
2023: €5.04M▼ -3.3% vs 2022
2024: €4.83M▼ -4.1% vs 2023
2019 → 2024
Net result
€29k
2023 · €-68k
2019: €75khighest in 6 years
2020: €-113k▼ -251% vs 2019lowest in 6 years
2021: €9k▲ +108% vs 2020
2022: €-52k▼ -703% vs 2021
2023: €-68k▼ -29.6% vs 2022
2024: €29k▲ +143% vs 2023
2019 → 2024
Working capital
€-347k▲ 20.5%
2023 · €-436k
2019: €117khighest in 6 years
2020: €-409k▼ -450% vs 2019
2021: €-132k▲ +67.8% vs 2020
2022: €-461k▼ -249% vs 2021lowest in 6 years
2023: €-436k▲ +5.3% vs 2022
2024: €-347k▲ +20.5% vs 2023
2019 → 2024
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€-26k-€-18k▲ 32.7%€2.38M€2.32M▼ 2.8%€2.35M▲ 1.3%
2020: €-26klowest in 5 years
2021: €-18k▲ +32.7% vs 2020
2022: €2.38M▲ +13496% vs 2021highest in 5 years
2023: €2.32M▼ -2.8% vs 2022
2024: €2.35M▲ +1.3% vs 2023
Operating result€-112k-€33k€-18k€-2k▲ 88.0%€70k
2020: €-112klowest in 5 years
2021: €33k▲ +129% vs 2020
2022: €-18k▼ -154% vs 2021
2023: €-2k▲ +88.0% vs 2022
2024: €70k▲ +3414% vs 2023highest in 5 years
Net result€-113k-€9k€-52k€-68k▼ 29.6%€29k
2020: €-113klowest in 5 years
2021: €9k▲ +108% vs 2020
2022: €-52k▼ -703% vs 2021
2023: €-68k▼ -29.6% vs 2022
2024: €29k▲ +143% vs 2023highest in 5 years
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 returns to profit in 2024: €70k after a loss of €2k in 2023, the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €4.83M
Fixed assets
€4.63M ▼ 5.8%
Current assets
€207k ▲ 57.5%
Equity and liabilities €4.83M
Equity
€2.35M ▲ 1.3%
Provisions
€20k ▼ 7.6%
Debt
€2.47M ▼ 8.7%
Debt's share of the balance-sheet total falls from 53.6% to 51.1%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€363k▼
2023 · €432k
Cash flow
€323k▼
2023 · €367k
Current ratio
0.37▲
2023 · 0.23
Debt to equity
1.05▼
2023 · 1.17
ROE
1.2%▲
2023 · -2.9%
ROA
0.6%▲
2023 · -1.3%
Interest coverage
8.61▲
2023 · 6.43
Debt ≤ 1 year
€554k▼
2023 · €568k
Debt > 1 year
€1.91M▼
2023 · €2.13M
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 · 2024 against 2023 · 50 lines
Balance sheet
Code20232024
Assets
Total assets20/58€5.04M€4.83M▼
Fixed assets21/28€4.91M€4.63M▼
Tangible fixed assets22/27€4.91M€4.63M▼
Land and buildings22€4.75M€4.50M▼
Plant, machinery and equipment23€162k€126k▼
Current assets29/58€131k€207k▲
Amounts receivable within one year40/41€125k€199k▲
Trade receivables40€125k€199k▲
Other amounts receivable41€0-
Cash at bank and in hand54/58€636€2k▲
Deferred charges and accrued income490/1€6k€6k▲
Equity and liabilities
Total equity and liabilities10/49€5.04M€4.83M▼
Equity10/15€2.32M€2.35M▲
Contributions10/11€19k€19k=
Revaluation surpluses12€2.45M€2.45M=
Reserves13€67k€62k▼
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Tax-exempt reserves132€65k€60k▼
Profit (loss) carried forward14€-223k€-189k▲
Provisions and deferred taxes16€22k€20k▼
Deferred taxes168€22k€20k▼
Amounts payable17/49€2.70M€2.47M▼
Amounts payable after more than one year17€2.13M€1.91M▼
Financial debts170/4€2.13M€1.91M▼
Amounts payable within one year42/48€568k€554k▼
Current portion of amounts payable after more than one year42€233k€233k▲
Financial debts43€3k€0▼
Other loans439€3k€0▼
Trade debts44€137k€70k▼
Suppliers440/4€137k€70k▼
Taxes, remuneration and social security45€20k€21k▲
Taxes450/3€20k€21k▲
Other amounts payable47/48€174k€229k▲
Accrued charges and deferred income492/3€3k€2k▼
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€434k€294k▼
Other operating charges640/8€82k€1k▼
Gross operating margin9900€514k€364k▼
Operating profit (loss)9901€-2k€70k▲
Financial income75/76B€0-
Recurring financial income75€0-
Financial charges65/66B€67k€42k▼
Recurring financial charges65€67k€42k▼
Profit (loss) for the period before taxes9903€-69k€28k▲
Transfer from deferred taxes780€2k€2k=
Profit (loss) for the period9904€-68k€29k▲
Transfer from tax-exempt reserves789€5k€5k=
Profit (loss) for the period to be appropriated9905€-63k€34k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-223k€-189k▲
Profit (loss) brought forward from the previous period14P€-160k€-223k▼
The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €168k | €136k | €231k | €434k | €294k | ▼ 32.4% |
| Other operating charges640/8 | - | - | €17k | €82k | €1k | ▼ 98.6% |
| Gross operating margin9900 | €59k | €219k | €231k | €514k | €364k | ▼ 29.1% |
| Operating profit (loss)9901 | €-112k | €33k | €-18k | €-2k | €70k | ▲ 3,414% |
| Financial income75/76B | - | - | €397 | €0 | - | - |
| Recurring financial income75 | €2k | €3k | €397 | €0 | - | - |
| Financial charges65/66B | - | - | €37k | €67k | €42k | ▼ 37.2% |
| Recurring financial charges65 | €7k | €30k | €37k | €67k | €42k | ▼ 37.2% |
| Profit (loss) for the period before taxes9903 | €-116k | €7k | €-54k | €-69k | €28k | ▲ 140% |
| Transfer from deferred taxes780 | - | - | €2k | €2k | €2k | = |
| Profit (loss) for the period9904 | €-113k | €9k | €-52k | €-68k | €29k | ▲ 143% |
| Transfer from tax-exempt reserves789 | - | - | €6k | €5k | €5k | = |
| Profit (loss) for the period to be appropriated9905 | €-102k | €14k | €-46k | €-63k | €34k | ▲ 154% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.53M | €2.52M | €5.21M | €5.04M | €4.83M | ▼ 4.1% |
| Fixed assets21/28 | €1.40M | €2.33M | €5.16M | €4.91M | €4.63M | ▼ 5.8% |
| Tangible fixed assets22/27 | €1.40M | €2.33M | €5.16M | €4.91M | €4.63M | ▼ 5.8% |
| Land and buildings22 | - | - | €4.93M | €4.75M | €4.50M | ▼ 5.2% |
| Plant, machinery and equipment23 | - | - | €228k | €162k | €126k | ▼ 22.2% |
| Financial fixed assets28 | €474 | €474 | - | - | - | - |
| Current assets29/58 | €123k | €186k | €52k | €131k | €207k | ▲ 57.5% |
| Amounts receivable within one year40/41 | €93k | €108k | €47k | €125k | €199k | ▲ 58.9% |
| Trade receivables40 | - | - | €47k | €125k | €199k | ▲ 58.9% |
| Other amounts receivable41 | - | - | €291 | €0 | - | - |
| Cash at bank and in hand54/58 | €28k | €75k | €2k | €636 | €2k | ▲ 283% |
| Deferred charges and accrued income490/1 | - | - | €2k | €6k | €6k | ▲ 1.7% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.53M | €2.52M | €5.21M | €5.04M | €4.83M | ▼ 4.1% |
| Equity10/15 | €-26k | €-18k | €2.38M | €2.32M | €2.35M | ▲ 1.3% |
| Contributions10/11 | - | - | €19k | €19k | €19k | = |
| Revaluation surpluses12 | - | - | €2.45M | €2.45M | €2.45M | = |
| Reserves13 | €83k | €77k | €72k | €67k | €62k | ▼ 7.4% |
| Non-distributable reserves130/1 | - | - | €2k | €2k | €2k | = |
| Reserves not available under the articles1311 | - | - | €2k | €2k | €2k | = |
| Tax-exempt reserves132 | - | - | €70k | €65k | €60k | ▼ 7.6% |
| Profit (loss) carried forward14 | €-128k | €-114k | €-160k | €-223k | €-189k | ▲ 15.3% |
| Provisions and deferred taxes16 | €27k | €25k | €23k | €22k | €20k | ▼ 7.6% |
| Deferred taxes168 | - | - | €23k | €22k | €20k | ▼ 7.6% |
| Amounts payable17/49 | €1.53M | €2.51M | €2.81M | €2.70M | €2.47M | ▼ 8.7% |
| Amounts payable after more than one year17 | €994k | €2.19M | €2.26M | €2.13M | €1.91M | ▼ 10.3% |
| Financial debts170/4 | - | - | €2.26M | €2.13M | €1.91M | ▼ 10.3% |
| Amounts payable within one year42/48 | €532k | €318k | €513k | €568k | €554k | ▼ 2.5% |
| Current portion of amounts payable after more than one year42 | - | - | €218k | €233k | €233k | ▲ 0.1% |
| Financial debts43 | - | - | - | €3k | €0 | ▼ 100% |
| Other loans439 | - | - | - | €3k | €0 | ▼ 100% |
| Trade debts44 | €205k | €43k | €145k | €137k | €70k | ▼ 49.1% |
| Suppliers440/4 | - | - | €145k | €137k | €70k | ▼ 49.1% |
| Taxes, remuneration and social security45 | - | - | €14k | €20k | €21k | ▲ 8.1% |
| Taxes450/3 | - | - | €14k | €20k | €21k | ▲ 8.1% |
| Other amounts payable47/48 | - | - | €136k | €174k | €229k | ▲ 31.7% |
| Accrued charges and deferred income492/3 | - | - | €33k | €3k | €2k | ▼ 19.1% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-113k | €9k | €-52k | €-68k | €29k | ▲ 143% |
| + Depreciation and write-downs630 | €168k | €136k | €231k | €434k | €294k | ▼ 32.4% |
| Operating cash flow (approximation) | €55k | €145k | €179k | €367k | €323k | ▼ 12.0% |
| Investment in fixed assets (approximation) | - | €-1.06M | €-3.06M | €-181k | €-11k | ▲ 93.9% |
| Change in cash | - | €47k | €-73k | €-2k | €2k | ▲ 215% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
2025
31-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Back to profitnet €29k
Net result €29k after 2 loss-making years.
18-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-01
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
30-06
Financial
Equity above €2MEq €2.38M
Equity rises from €-18k to €2.38M.
31-01
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
30-06
Financial
Back to profitnet €9k
Net result €9k after one loss-making year.
29-01
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
30-06
Financial
Weakest financial yearnet €-113k
Net result drops to €-113k, the lowest in the series; recovery starts the following year.
16-01
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2018
20-12
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2017
19-12
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2016
23-11
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
19-01
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
4 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, Aarschot · 1 establishment unit since 1997
Ground area
2,444 m²
Building footprint
411 m²
Parcel 24652E0353/00E000, Flanders. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
Franseliniestraat 53, 3201 Aarschot
since 19972.082.151.718
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24652E0353/00E000 | Flanders | 2,444 m² | 1 · 411 m² | - |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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ImmoBizz
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Of 9,136 companies in sector 68201 we hold annual accounts for 6,765. 4,113 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded30-05-1997
Fiscal year end31-12
Activities, NACEBEL 2025
68201Renting and operating of own or leased residential real estate, excluding social housing
Scores and ratios are computed by Checked and are not a credit decision.