Tervado
Open bankruptcyA bankruptcy procedure is open for Tervado according to publications in the Belgian State Gazette. The 2022 annual accounts show negative equity (€-19k) and a net result of €8k.
Signals
Four signals. The signal on the left, the evidence on the right.
+raises risk○neutral
neutral · Filed after the deadline
The financial year that closed on 31-12-2022 was due by 31-07-2023 and was filed on 01-09-2023, 32 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 · 5 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
32 d late
2021
397 d late
2020
762 d late
2019
1132 d late
← before the deadline
after the deadline →
Financials · fiscal year 2022, micro schema
Equity
€-19k▲ 29.1%
2021 · €-26k
2018: €-46k
2019: €2k
2020: €27k
2021: €-26k
2018 → 2022
Total assets
€57k▼ 23.2%
2021 · €75k
2019: €43k
2020: €89k
2021: €75k
2019 → 2022
Net result
€8k
2021 · €-53k
2018: €-48k
2019: €48k
2020: €25k
2021: €-53k
2018 → 2022
Working capital
€-19k▲ 62.1%
2021 · €-49k
2019: €-11k
2020: €303
2021: €-49k
2019 → 2022
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20182019202020212022Trend
Equity€-46k-€2k€27k▲ 1,317%€-26k€-19k▲ 29.1%
Operating result€-37k-€78k€41k▼ 47.5%€-31k€10k
Net result€-48k-€48k€25k▼ 48.5%€-53k€8k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2022: €10k after a loss of €31k in 2021.
Balance-sheet composition
2022 in colour, 2021 as the grey bar beneath
Assets €57k
Fixed assets
€20k▼ 13.3%
Current assets
€37k▼ 27.7%
Key figures and ratios
EBITDA
€13k▲
2021 · €-28k
Cash flow
€11k▲
2021 · €-50k
Solvency
-32.2%▲
2021 · -35.0%
Current ratio
0.66▲
2021 · 0.51
Quick ratio
0.66▲
2021 · 0.51
Debt / equity
-4.10▼
2021 · -3.86
ROA
13.3%▲
2021 · -70.7%
Interest coverage
6.15▲
2021 · -15.30
Debt
€76k▼
2021 · €101k
Debt ≤ 1 year
€56k▼
2021 · €101k
Debt > 1 year
€20k
Income taxes
€0▼
2021 · €20k
Staff costs
€38k▼
2021 · €47k
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 · 2022 against 2021
Balance sheet
Code20212022
Assets
Total assets20/58€75k€57k▼
Fixed assets21/28€23k€20k▼
Tangible fixed assets22/27€23k€20k▼
Plant, machinery and equipment23€23k€20k▼
Current assets29/58€51k€37k▼
Amounts receivable within one year40/41€51k€37k▼
Trade receivables40-€22k
Other amounts receivable41€51k€16k▼
Equity and liabilities
Total equity and liabilities10/49€75k€57k▼
Equity10/15€-26k€-19k▲
Contributions10/11€2k€2k=
Profit (loss) carried forward14€-28k€-21k▲
Amounts payable17/49€101k€76k▼
Amounts payable after more than one year17-€20k
Financial debts170/4-€20k
Amounts payable within one year42/48€101k€56k▼
Financial debts43€15k€15k▲
Credit institutions430/8€15k€15k▲
Trade debts44€315€10k▲
Suppliers440/4€315€10k▲
Taxes, remuneration and social security45€86k€30k▼
Taxes450/3€70k€22k▼
Remuneration and social security454/9€16k€8k▼
Income statement
Code20212022
Remuneration, social security and pensions62€47k€38k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€3k€3k=
Other operating charges640/8€3k€125▼
Gross operating margin9900€23k€51k▲
Operating profit (loss)9901€-31k€10k▲
Financial income75/76B€189€0▼
Recurring financial income75€189€0▼
Financial charges65/66B€2k€2k▲
Recurring financial charges65€2k€2k▲
Profit (loss) for the period before taxes9903€-32k€8k▲
Income taxes67/77€20k€0▼
Profit (loss) for the period9904€-53k€8k▲
Profit (loss) for the period to be appropriated9905€-53k€8k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-28k€-21k▲
Profit (loss) brought forward from the previous period14P€25k€-28k▼
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2026
17-06
Bankruptcy
Opening
Ondernemingsrechtbank Antwerpen, afdeling Hasselt · TERVADO BV VOORT- STRAAT 46 (DOORGEHAALD), 3550 HEUSDEN-ZOLDER · event 11-06-2026
2023
06-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 1132 days late
06-09
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 1498 days late
01-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 32 days late
01-09
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 397 days late
01-09
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 762 days late
2022
31-12
Financial
Back to profitnet €8k
Net result €8k after one loss-making year.
2021
31-12
Financial
Weakest financial yearnet €-53k ▼313%
Net result drops to €-53k, the lowest in the series.
2019
31-12
Financial
Back to profitnet €48k
Net result €48k after one loss-making year.
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
1 act for this company is 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
1 establishment unit since 2018
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.
Ground area
991 m²
Building footprint
134 m²
Volume, LiDAR
727 m³
Parcel 71025A1519/00M000, Flanders · tallest building 9.5 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Tervado
since 20182.272.686.244
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71025A1519/00M000 | Flanders | 991 m² | 1 · 134 m² | 9.5 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Insolvency mandates
3 mandates| Role | Name | Tenure |
|---|---|---|
| Curator | DIRK VAN COPPENOLLE GENKERSTEENWEG 302,
3500 HASSELT |
11-06-2026 → present |
| Curator | SOFIE REPRIELS GENKER-
STEENWEG 302, 3500 HASSELT |
11-06-2026 → present |
| Curator | FREDERICK VAN COPPENOLLE GENKERSTEENWEG 302,
3500 HASSELT |
11-06-2026 → present |
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Of 21,218 companies in sector 81300 we hold annual accounts for 4,363. 3,314 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded01-02-2018
Fiscal year end31-12
Activities, NACEBEL
81300Landscape service activities
01191Growing of flowers
01301Crop and animal production, hunting and related service activities
01309Crop and animal production, hunting and related service activities
47761Retail sale of flowers, plants, seeds and fertilisers
71113Urban planning and landscape architecture
Sources
Crossroads Bank for EnterprisesNational Bank · 5 filingsAddress and cadastre registers
Data from official sources, last processed on 22-09-2026. Scores and ratios are computed by Checked and are not a credit decision.