TERSIS
ActiveSummary
The computed 12-month bankruptcy probability of TERSIS is 2.0% (moderate). The 2024 annual accounts show equity of €1.5m and a net result of €474,558. Equity is growing by ~3.8% per year across the filed fiscal years. The company has been active since 2016 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
Axes · tick = 2023
Profitability52▼-30
Solvency66▼-16
Growth68=
Track record100
Bankruptcy probability, 12 months
2.0%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €75,000 at 30 days acceptable
Liquidity short (current ratio 0.02 against 0.09 in 2023; short-term debt: 27.6% and cash: 0.5% of total assets), and 58.7% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
41.3%
Return on assets
13.2%
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 20-06-2025, 41 days ahead of the deadline.
NBB · 9 filingsDeviation from the deadline
2025
not confirmed
2024
41 d early
2023
5 d early
2022
16 d late
2021
3 d early
2020
58 d early
2019
45 d late
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 6 accounts on average 8 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 (1)
History
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Financials · fiscal year 2024, micro schema
Turnover
€48,993▲ 20.7%
2022 · €40,586
EBIT margin
21.9%▲ 240.3pp
2022 · -218.4%
Net result
€474,558▲ 4.5%
2023 · €454,063
Working capital
-€969,485▼ 68.7%
2023 · -€574,571
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Turnover€40,586€48,993▲ 20.7%
Operating result-€2,978▼ 8.5%-€5,295▼ 77.8%-€88,627▼ 1,574%€10,723-€41,069
Net result€327,573▼ 26.5%€343,451▲ 4.8%€299,678▼ 12.7%€454,063▲ 51.5%€474,558▲ 4.5%
EBIT margin-218.4%21.9%▲ 240.3pp
Equity€1.7m▲ 11.8%€1.6m▼ 3.2%€1.9m▲ 18.4%€1.7m▼ 12.7%€1.5m▼ 12.2%
Total assets€2.4m▲ 1.0%€2.5m▲ 4.4%€3.0m▲ 19.7%€2.9m▼ 3.3%€3.6m▲ 21.7%
Debt€750,534▼ 16.9%€910,912▲ 21.4%€1.1m▲ 22.1%€1.3m▲ 13.2%€2.1m▲ 67.0%
Working capital-€58,865-€602,714▼ 924%-€191,279▲ 68.3%-€574,571▼ 200%-€969,485▼ 68.7%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2024: a loss of €41,069 after €10,723 in 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €3.6m
Fixed assets
€3.6m ▲ 23.5%
Current assets
€19,247 ▼ 68.1%
Equity and liabilities €3.6m
Equity
€1.5m ▼ 12.2%
Debt
€2.1m ▲ 67.0%
Debt's share of the balance-sheet total rises from 42.8% to 58.7%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€56,375▲
2023 · €47,625
Cash flow
€572,002▲
2023 · €490,965
Current ratio
0.02▼
2023 · 0.09
Debt to equity
1.42▲
2023 · 0.75
ROE
32.1%▲
2023 · 26.9%
ROA
13.2%▼
2023 · 15.4%
Interest coverage
1.99▼
2023 · 4.28
Debt ≤ 1 year
€988,731▲
2023 · €634,880
Debt > 1 year
€1.1m▲
2023 · €624,348
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | - | - | €40,586 | €48,993 | - | - |
| Goods, raw materials, services and sundry goods60/61 | - | - | €4,154 | €500 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | - | €125,058 | €36,902 | €97,444 | ▲ 164% |
| Other operating charges640/8 | - | €1,764 | - | €868 | €1,583 | ▲ 82.4% |
| Gross operating margin9900 | -€2,978 | -€3,531 | €36,432 | €48,493 | €57,958 | ▲ 19.5% |
| Operating profit (loss)9901 | -€2,978 | -€5,295 | -€88,627 | €10,723 | -€41,069 | ▼ 483% |
| Financial income75/76B | - | €350,000 | €400,000 | €454,468 | €543,959 | ▲ 19.7% |
| Recurring financial income75 | €350,000 | €350,000 | €400,000 | €454,468 | €543,959 | ▲ 19.7% |
| Financial charges65/66B | - | €1,253 | €11,695 | €11,128 | €28,332 | ▲ 155% |
| Recurring financial charges65 | €1,699 | €1,253 | €11,695 | €11,128 | €28,332 | ▲ 155% |
| Profit (loss) for the period before taxes9903 | €345,323 | €343,451 | €299,678 | €454,063 | €474,558 | ▲ 4.5% |
| Income taxes67/77 | €17,750 | €0 | - | - | - | - |
| Profit (loss) for the period9904 | €327,573 | €343,451 | €299,678 | €454,063 | €474,558 | ▲ 4.5% |
| Profit (loss) for the period to be appropriated9905 | €327,573 | €343,451 | €299,678 | €454,063 | €474,558 | ▲ 4.5% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €2.4m | €2.5m | €3.0m | €2.9m | €3.6m | ▲ 21.7% |
| Fixed assets21/28 | €2.3m | €2.3m | €2.8m | €2.9m | €3.6m | ▲ 23.5% |
| Tangible fixed assets22/27 | - | - | €873,013 | €836,111 | €1.5m | ▲ 78.9% |
| Land and buildings22 | - | - | €873,013 | €836,111 | €1.5m | ▲ 76.8% |
| Other tangible fixed assets26 | - | - | - | - | €16,994 | - |
| Financial fixed assets28 | €2.3m | €2.3m | €1.9m | €2.0m | €2.1m | ▲ 1.0% |
| Current assets29/58 | €181,669 | €288,199 | €260,937 | €60,310 | €19,247 | ▼ 68.1% |
| Amounts receivable within one year40/41 | €150,000 | €157,500 | - | - | - | - |
| Trade receivables40 | - | €87,500 | - | - | - | - |
| Other amounts receivable41 | - | €70,000 | - | - | - | - |
| Cash at bank and in hand54/58 | €31,669 | €130,699 | €210,937 | €60,310 | €19,247 | ▼ 68.1% |
| Deferred charges and accrued income490/1 | - | - | €50,000 | - | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €2.4m | €2.5m | €3.0m | €2.9m | €3.6m | ▲ 21.7% |
| Equity10/15 | €1.7m | €1.6m | €1.9m | €1.7m | €1.5m | ▼ 12.2% |
| Contributions10/11 | €12,400 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Capital10 | - | €18,600 | - | - | - | - |
| Issued capital100 | - | €18,600 | - | - | - | - |
| Uncalled capital101 | - | €0 | - | - | - | - |
| Outside capital11 | - | - | €18,600 | €18,600 | €18,600 | = |
| Other1109/19 | - | - | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €177,500 | €312,500 | €312,500 | €312,500 | €312,500 | = |
| Distributable reserves133 | - | €312,500 | €312,500 | €312,500 | €312,500 | = |
| Profit (loss) carried forward14 | €1.5m | €1.3m | €1.6m | €1.4m | €1.1m | ▼ 15.2% |
| Amounts payable17/49 | €750,534 | €910,912 | €1.1m | €1.3m | €2.1m | ▲ 67.0% |
| Amounts payable after more than one year17 | €510,000 | €20,000 | €660,366 | €624,348 | €1.1m | ▲ 78.5% |
| Financial debts170/4 | - | €20,000 | €660,366 | €624,348 | €1.1m | ▲ 78.5% |
| Amounts payable within one year42/48 | €240,534 | €890,912 | €452,216 | €634,880 | €988,731 | ▲ 55.7% |
| Current portion of amounts payable after more than one year42 | - | €490,000 | €358,176 | €191,428 | €65,464 | ▼ 65.8% |
| Financial debts43 | - | €22,882 | €11,011 | €11,011 | €4,085 | ▼ 62.9% |
| Other loans439 | - | €22,882 | €11,011 | €11,011 | €4,085 | ▼ 62.9% |
| Taxes, remuneration and social security45 | - | - | - | €105,000 | - | - |
| Taxes450/3 | - | - | - | €105,000 | - | - |
| Other amounts payable47/48 | - | €378,030 | €83,030 | €327,442 | €919,182 | ▲ 181% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €327,573 | €343,451 | €299,678 | €454,063 | €474,558 | ▲ 4.5% |
| + Depreciation and write-downs630 | - | - | €125,058 | €36,902 | €97,444 | ▲ 164% |
| Operating cash flow (approximation) | €327,573 | €343,451 | €424,736 | €490,965 | €572,002 | ▲ 16.5% |
| Investment in fixed assets (approximation) | - | €0 | -€653,669 | -€138,238 | -€776,756 | ▼ 462% |
| Change in cash | - | €99,030 | €80,238 | -€150,627 | -€41,063 | ▲ 72.7% |
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
20-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
26-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
16-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 16 days late
2022
31-12
Financial
Weakest financial yearnet €299,678 ▼12.7%
Net result drops to €299,678, the lowest in the series; recovery starts the following year.
28-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
03-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
14-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 45 days late
2019
24-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
27-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 27 days late
2017
06-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 6 days late
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.
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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, Elsene · 1 establishment unit since 2016
Ground area
2,201 m²
Building footprint
2,687 m²
Volume, LiDAR
67,160 m³
2 parcels, Brussels · tallest building 38.1 m, ±11 floors. Linked by address, not a title deed.
13
companies at this address
See who is registered here
1 establishment unit
Establishment
since 20162.253.558.834
2 parcels
Brussels
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21807G0007/00R000 | Brussels | 1,683 m² | 1 · 2,433 m² | 35.6 m · 9 fl. |
| 21822R0223/00M004 | Brussels | 518 m² | 1 · 254 m² | 38.1 m · 11 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Identification & contact
Identification
Legal formPrivate limited company
Founded06-06-2016
Fiscal year end31-12
E-invoicing
Reachable via Peppol
Peppol ID
0208:0655955273
Also
9925:BE0655955273
Registered
08-12-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.