Financials
- Fiscal year
- 2025
- Turnover
- €10,620
- Loss
- -€64,129
- Solvency
- -31.9%
Turnover=
Net result
20222025
Tersal
ActiveSummary
Tersal has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€557,440) and a net result of -€64,129. Equity is shrinking by ~21.6% per year across the filed fiscal years. The computed 12-month bankruptcy probability is 0.9% (low).
Overview
What they do
Activity not known1 site
How big
€10,620turnover 2025
- Equity
- -€557,440
- Loss
- -€64,129
Who decides
Accounts 46 d early0 of 2 deeds read
Why 53Capped at 59: negative equity- Negative equity -€557,440- Liquidity: current ratio 0.00, cash €5,282+ Size: turnover €10,620, total assets €1.7m+ No main activity registeredShow the evidence
Checked score
Score 2025
53
/ 100
Fair
Probability in this band: 1.5% to 4.2%
Better than 14% of its sector peers (no NACE code, micro)
Performance against the sector, not lower risk
Negative equity caps the score at 59. Every signal that weighs is under Signals.
Financial strength · tick = 2024
Weak
Solvency
0=
equity -31.9% of total assets
Liquidity
0=
short-term debt 131.9% · cash 0.3%
Profitability
9=
return on assets -3.7%
Bankruptcy probability, 12 months
0.9%
Low
0%0.5%1.5%4%10%≥ 25%
About 9 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
- Size: turnover €10,620, total assets €1.7m lowers the probability for this profile
- Negative equity -€557,440 raises the probability
- Liquidity: current ratio 0.00, cash €5,282 raises the probability
- No main activity registered lowers the probability
No credit on open account
Liquidity short (current ratio 0.0 against 0.0 in 2024; short-term debt: 131.9% and cash: 0.3% 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 (no NACE code, micro). Better than this share of them on solvency 5%, liquidity 4%, profitability 11%, growth against the median 35%. That is performance, not lower risk; the band itself always comes from the probability.
Bankruptcy probability: model pd-v3.202610021621, computed on 02-10-2026. 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.
−lowers risk+raises risk○neutral
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year -€557,440
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 15-06-2026, 46 days ahead of the deadline.
NBB · 8 filingsDeviation from the deadline
2025
46 d early
2024
45 d early
2023
46 d early
2022
24 d early
2021
47 d early
2020
24 d early
2019
46 d early
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 7 accounts on average 40 days before the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
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. Usually files around 16 June (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
02-10-2026 today31-12-2026 close31-07-2027 deadline
- Annual accounts filedfiscal year 2025 · abbreviated…
- Annual accounts filedfiscal year 2024 · abbreviated…
- Annual accounts filedfiscal year 2023 · abbreviated…
Key points
By topic
Timeline
- Events
- 8
- Since
- 2019
- Next accounts
- by 31-07-2027
- 15-06-2026Annual accounts filed
- 16-06-2025Annual accounts filed
- 15-06-2024Annual accounts filed
Company details
- Sites
- 1
- Legal form
- Private limited company
- Founded
- 14-06-2017
- Year ends
- 31-12
- Peppol
- Not found in the Peppol directory
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