TerTex
ActiveTerTex has been active since 2003 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.00M and a net result of €75k. Equity is shrinking by ~9.3% per year across the filed fiscal years. Its solvency ranks better than 49% of 214 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
82
/ 100
Excellent▲ +45 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability37▲+37
Solvency58▲+4
Growth32=
Stability100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €80k at 30 days acceptable
Liquidity tight (current ratio 1.23 against 1.06 in 2024), and 66.5% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Nine signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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 2025Solvency, return and age of the figures
Solvency
33.5%
Return on assets
2.5%
Age of the figures
8 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 38
Relative position
BE, all sectors
reference
Sector 38
higher
← fewer bankruptcies
more bankruptcies →
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 25-08-2026, 25 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
25 d late
2024
28 d late
2023
12 d early
2022
14 d early
2021
26 d early
2020
22 d early
2019
2 d early
← before the deadline
after the deadline →
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
13-09-2026 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
€75k
2024 · €-381k
2018: €216k
2019: €-102k
2020: €3k
2021: €-53k
2022: €-166k
2023: €-164k
2024: €-381k
2018 → 2025
Working capital
€219k▲ 394%
2024 · €44k
2018: €124k
2019: €242k
2020: €267k
2021: €312k
2022: €274k
2023: €271k
2024: €44k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€1.77M-€1.57M▼ 11.3%€1.37M▼ 12.7%€953k▼ 30.4%€1.00M▲ 5.0%
Operating result€-48k-€-160k▼ 230%€-159k▲ 0.2%€-377k▼ 136%€87k
Net result€-53k-€-166k▼ 213%€-164k▲ 0.8%€-381k▼ 132%€75k
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €87k after a loss of €377k in 2024, the highest year so far.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €2.99M
Fixed assets
€1.80M▼ 13.8%
Current assets
€1.19M▲ 54.3%
Equity and liabilities €2.99M
Equity
€1.00M▲ 5.0%
Debt
€1.99M▲ 4.2%
The debt ratio falls from 66.7% to 66.5%: equity grows faster than debt.
Key figures and ratios
EBITDA
€413k▲
2024 · €6k
Cash flow
€401k▲
2024 · €2k
Solvency
33.5%▲
2024 · 33.3%
Current ratio
1.23▲
2024 · 1.06
Quick ratio
1.23▲
2024 · 1.06
Debt / equity
1.99▼
2024 · 2.00
ROE
7.5%▲
2024 · -39.9%
ROA
2.5%▲
2024 · -13.3%
Interest coverage
10.53▲
2024 · 0.16
Debt
€1.99M▲
2024 · €1.91M
Debt ≤ 1 year
€968k▲
2024 · €725k
Debt > 1 year
€1.01M▼
2024 · €1.18M
Staff costs
€1.40M▲
2024 · €1.36M
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€2.86M€2.99M▲
Formation expenses20€0€0=
Fixed assets21/28€2.09M€1.80M▼
Intangible fixed assets21€4k€3k▼
Tangible fixed assets22/27€2.09M€1.80M▼
Land and buildings22€1.91M€1.64M▼
Plant, machinery and equipment23€171k€159k▼
Furniture and vehicles24€0€637▲
Leasing and similar rights25€7k€0▼
Assets under construction and advance payments27-€4k
Current assets29/58€769k€1.19M▲
Amounts receivable within one year40/41€646k€1.07M▲
Trade receivables40€506k€877k▲
Other amounts receivable41€139k€192k▲
Current investments50/53€498€505▲
Cash at bank and in hand54/58€86k€110k▲
Deferred charges and accrued income490/1€37k€8k▼
Equity and liabilities
Total equity and liabilities10/49€2.86M€2.99M▲
Equity10/15€953k€1.00M▲
Contributions10/11€1.50M€1.50M=
Reserves13€6k€6k=
Non-distributable reserves130/1€6k€6k=
Reserves not available under the articles1311€6k€6k=
Profit (loss) carried forward14€-727k€-652k▲
Investment grants15€175k€148k▼
Amounts payable17/49€1.91M€1.99M▲
Amounts payable after more than one year17€1.18M€1.01M▼
Financial debts170/4€1.18M€1.01M▼
Amounts payable within one year42/48€725k€968k▲
Current portion of amounts payable after more than one year42€169k€165k▼
Financial debts43€122k€146k▲
Credit institutions430/8€122k€146k▲
Trade debts44€250k€402k▲
Suppliers440/4€250k€402k▲
Taxes, remuneration and social security45€181k€173k▼
Taxes450/3€27k€23k▼
Remuneration and social security454/9€154k€150k▼
Other amounts payable47/48€4k€82k▲
Accrued charges and deferred income492/3€2k€5k▲
Income statement
Code20242025
Remuneration, social security and pensions62€1.36M€1.40M▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€383k€326k▼
Other operating charges640/8€44k€50k▲
Gross operating margin9900€1.41M€1.86M▲
Operating profit (loss)9901€-377k€87k▲
Financial income75/76B€35k€27k▼
Recurring financial income75€35k€27k▼
Financial charges65/66B€40k€39k▼
Recurring financial charges65€40k€39k▼
Profit (loss) for the period before taxes9903€-381k€75k▲
Profit (loss) for the period9904€-381k€75k▲
Profit (loss) for the period to be appropriated9905€-381k€75k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-727k€-652k▲
Profit (loss) brought forward from the previous period14P€-347k€-727k▼
Social balance
Average headcount (FTE)908737.337.3=
The notes to these accounts (14 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
25-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 25 days late
2025
31-12
Financial
Back to profitnet €75k
Net result €75k after 4 loss-making years.
31-12
Financial
Equity above €1MEq €1.00M ▲5%
Equity rises from €953k to €1.00M.
28-08
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 28 days late
2024
31-12
Financial
Weakest financial yearnet €-381k
Net result drops to €-381k, the lowest in the series; recovery starts the following year.
19-07
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
17-07
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
05-07
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
09-07
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
31-12
Financial
Back to profitnet €3k
Net result €3k after one loss-making year.
29-07
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
18-06
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
19-06
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
30-06
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
no sitting director, no change since 2025
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
20-11-2025
Fabio Taibi: Resigned as Director
06-03-2023
Luc Vandamme: Resigned as Director
17-10-2022
Catherine Albert: Resigned as Director
17-10-2022
Julie Detrixhe: Resigned as Director
03-01-2022
Fabio Taibi: Resigned as Director
03-01-2022
Luc Vandamme: Resigned as Director
03-01-2022
Catherine Albert: Resigned as Director
03-01-2022
Julie Detrixhe: Resigned as Director
03-01-2022
DESSART Christian: Resigned as Director
03-01-2022
GAUBLOMME Benoît: Resigned as Director
03-01-2022
HEURION Samuel: Resigned as Director
03-01-2022
LECLOUX Elisabeth: Resigned as Director
03-01-2022
LECROND Corrado: Resigned as Director
03-01-2022
LEPAGE Simon: Resigned as Director
03-01-2022
MALAISE François: Resigned as Director
03-01-2022
MOUNTHE Didier: Resigned as Director
03-01-2022
TALOM Richard: Resigned as Director
03-01-2022
VERJANS Jean-Baptiste: Resigned as Director
19-10-2020
Cinzia Carta: Resigned as Director
19-10-2020
José Constant: Resigned as Director
19-10-2020
William Wauters: Resigned as Director
31-08-2018
Geneviève Godard: Resigned as Director
31-05-2017
Jérôme Florkin: Resigned as Director
04-01-2017
Pina Diliberto: Resigned as Director
Location & real-estate footprint
Registered office, Herstal · 2 establishment units since 2016
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.
Rue de Milmort 6904040 HerstalGround area
5,739 m²
Building footprint
392 m²
Volume, LiDAR
2,244 m³
2 parcels, Wallonia · tallest building 8.2 m, ±2 floors. Linked by address, not a title deed.
2 establishment units
TerTex
since 20162.256.819.321
Clicote Couillet
since 20212.329.866.754
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 62312A0044/00R000 | Wallonia | 5,507 m² | 1 · 341 m² | 8.2 m · 2 fl. |
| 52014A0199/00M013 | Wallonia | 232 m² | 1 · 51 m² | - |
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.
Similar companies · same sector, comparable size
TYRE BUSINESS BELGIUM
BE 0479.058.947
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COMET TYRE RECYCLING
BE 0475.073.732
Châtelet · Eq €998k
GERDAY RECYCLAGE & SERVICE
BE 0807.653.969
Houyet · Eq €996k
DISTRIBEL
BE 0445.582.366
Wielsbeke · Eq €992k
NELCO
BE 0899.192.770
Evergem · Eq €989k
Of 974 companies in sector 38210 we hold annual accounts for 582. 410 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formCooperative company
Founded25-11-2003
Fiscal year end31-12
Activities, NACEBEL
38210Materials recovery from waste
38329Waste collection, recovery and disposal activities
88999Other social work without accommodation
Sources
Crossroads Bank for EnterprisesNational Bank · 22 filingsAddress and cadastre registers
Data from official sources, last processed on 11-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
3 entriesE-mail:rh@terre.be
Phone:04/240.58.41
Fax:04/228.07.50