TERVEN
ActiveSummary
TERVEN has been active since 1998 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €242k and a net result of €-828. Equity is shrinking by ~5.1% per year across the filed fiscal years. Its solvency ranks better than 72% of 19356 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability68▼-1
Solvency85▼-5
Growth32=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €19k at 30 days acceptable
Liquidity short (current ratio 0.93 against 1.06 in 2023; short-term debt: 33.9% and cash: 29.8% of total assets), and 39.9% of the assets are financed with debt.
Credit check for your own amount and term
Open the credit simulator : see how the verdict changes with amount, term and advance.
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises 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
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
60.1%
Return on assets
-0.2%
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 17-07-2025, 14 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
14 d early
2023
9 d early
2022
24 d early
2021
26 d early
2020
31 d early
2019
22 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
History
Go further with this company
How much credit can you give this customer, and on what term?Credit simulator What should you check before you do business with this company?Supplier due diligence Accepting this client? The AML file with identity, beneficial owners and sanctions lists.AML client file How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed Roughly what is this company worth?Value indication
Financials · fiscal year 2024, micro schema
Equity
€242k▼ 0.3%
2023 · €243k
Total assets
€402k▲ 7.0%
2023 · €376k
Net result
€-828
2023 · €522
Working capital
€-9k
2023 · €7k
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
Operating result€-32k▲ 28.2%€-16k▲ 49.9%€4k€4k▲ 11.3%€3k▼ 28.5%
Net result€-36k▲ 19.4%€-20k▲ 44.5%€-54▲ 99.7%€522€-828
Equity€262k▼ 12.2%€242k▼ 7.7%€242k=€243k▲ 0.2%€242k▼ 0.3%
Total assets€375k▼ 3.1%€359k▼ 4.5%€378k▲ 5.3%€376k▼ 0.4%€402k▲ 7.0%
Debt€113k▲ 27.4%€116k▲ 2.9%€135k▲ 16.3%€133k▼ 1.4%€161k▲ 20.3%
Working capital€-77k▼ 1,098%€-62k▲ 19.3%€-31k▲ 50.8%€7k€-9k
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 falls in 2024; 2024 is 29% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €402k
Fixed assets
€275k ▲ 5.2%
Current assets
€127k ▲ 11.1%
Equity and liabilities €402k
Equity
€242k ▼ 0.3%
Debt
€161k ▲ 20.3%
Debt's share of the balance-sheet total rises from 35.5% to 39.9%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€54k▼
2023 · €61k
Cash flow
€50k▼
2023 · €57k
Current ratio
0.93▼
2023 · 1.06
Debt to equity
0.66▲
2023 · 0.55
ROE
-0.3%▼
2023 · 0.2%
ROA
-0.2%▼
2023 · 0.1%
Interest coverage
13.42▼
2023 · 15.12
Debt ≤ 1 year
€136k▲
2023 · €108k
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 |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €539 | - | €0 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €55k | €50k | €54k | €57k | €51k | ▼ 10.5% |
| Other operating charges640/8 | - | €4k | €4k | €5k | €5k | ▼ 1.8% |
| Non-recurring operating charges66A | - | - | €244 | - | - | - |
| Gross operating margin9900 | €27k | €38k | €62k | €66k | €59k | ▼ 11.1% |
| Operating profit (loss)9901 | €-32k | €-16k | €4k | €4k | €3k | ▼ 28.5% |
| Financial income75/76B | - | - | €0 | €101 | - | - |
| Recurring financial income75 | - | - | €0 | €101 | - | - |
| Financial charges65/66B | - | €4k | €4k | €4k | €4k | ▼ 0.7% |
| Recurring financial charges65 | €4k | €4k | €4k | €4k | €4k | ▼ 0.7% |
| Profit (loss) for the period before taxes9903 | €-36k | €-20k | €-54 | €522 | €-828 | ▼ 259% |
| Profit (loss) for the period9904 | €-36k | €-20k | €-54 | €522 | €-828 | ▼ 259% |
| Profit (loss) for the period to be appropriated9905 | €-36k | €-20k | €-54 | €522 | €-828 | ▼ 259% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €375k | €359k | €378k | €376k | €402k | ▲ 7.0% |
| Fixed assets21/28 | €348k | €317k | €292k | €261k | €275k | ▲ 5.2% |
| Tangible fixed assets22/27 | €348k | €317k | €292k | €261k | €275k | ▲ 5.2% |
| Land and buildings22 | - | €212k | €203k | €193k | €228k | ▲ 17.8% |
| Plant, machinery and equipment23 | - | €93k | €80k | €64k | €45k | ▼ 30.0% |
| Furniture and vehicles24 | - | €11k | €9k | €4k | €3k | ▼ 40.9% |
| Current assets29/58 | €27k | €42k | €86k | €115k | €127k | ▲ 11.1% |
| Amounts receivable within one year40/41 | €2k | €5k | €5k | €7k | €4k | ▼ 39.2% |
| Trade receivables40 | - | €5k | €5k | €7k | €1k | ▼ 82.6% |
| Other amounts receivable41 | - | - | - | - | €3k | - |
| Cash at bank and in hand54/58 | €23k | €36k | €80k | €106k | €120k | ▲ 13.0% |
| Deferred charges and accrued income490/1 | - | €773 | €773 | €2k | €4k | ▲ 91.5% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €375k | €359k | €378k | €376k | €402k | ▲ 7.0% |
| Equity10/15 | €262k | €242k | €242k | €243k | €242k | ▼ 0.3% |
| Contributions10/11 | - | €6k | €6k | €6k | €6k | = |
| Reserves13 | €148k | €148k | €148k | €148k | €148k | = |
| Non-distributable reserves130/1 | - | €2k | €2k | - | - | - |
| Reserves not available under the articles1311 | - | €2k | €2k | - | - | - |
| Distributable reserves133 | - | €146k | €146k | €148k | €148k | = |
| Profit (loss) carried forward14 | €108k | €88k | €88k | €89k | €88k | ▼ 0.9% |
| Amounts payable17/49 | €113k | €116k | €135k | €133k | €161k | ▲ 20.3% |
| Amounts payable within one year42/48 | €105k | €104k | €117k | €108k | €136k | ▲ 26.5% |
| Trade debts44 | €2k | €4k | €13k | €8k | €27k | ▲ 250% |
| Suppliers440/4 | - | €4k | €13k | €8k | €27k | ▲ 250% |
| Advances received on contracts in progress46 | - | - | - | - | €3k | - |
| Taxes, remuneration and social security45 | - | €687 | €4k | €288 | €7k | ▲ 2,332% |
| Taxes450/3 | - | €687 | €4k | €288 | €7k | ▲ 2,332% |
| Other amounts payable47/48 | - | €100k | €100k | €100k | €100k | = |
| Accrued charges and deferred income492/3 | - | €12k | €19k | €26k | €24k | ▼ 5.8% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-36k | €-20k | €-54 | €522 | €-828 | ▼ 259% |
| + Depreciation and write-downs630 | €55k | €50k | €54k | €57k | €51k | ▼ 10.5% |
| Operating cash flow (approximation) | €19k | €30k | €54k | €57k | €50k | ▼ 12.8% |
| Investment in fixed assets (approximation) | - | €-19k | €-29k | €-27k | €-64k | ▼ 141% |
| Change in cash | - | €13k | €44k | €26k | €14k | ▼ 46.9% |
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
17-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
22-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Back to profitnet €522
Net result €522 after 4 loss-making years.
07-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
05-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
30-06
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
09-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
31-12
Financial
Weakest financial yearnet €-45k
Net result drops to €-45k, the lowest in the series; recovery starts the following year.
28-06
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
23-06
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
17-07
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
20-06
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 5 acts read
About the unread acts
We know of 5 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Have them read with priority
Sign in to place this company at the front of the reading queue.
Directors · office · real estate
Directors
5 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, Sint-Martens-Latem · 1 establishment unit since 2001
Ground area
1,940 m²
Building footprint
258 m²
Volume, LiDAR
1,712 m³
2 parcels, Flanders · tallest building 12.8 m, ±2 floors. Linked by address, not a title deed.
6
companies at this address
See who is registered here
1 establishment unit
Kortrijksesteenweg 1142, 9051 Gent
since 20012.094.537.133
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44064A0745/00H002 | Flanders | 1,748 m² | 1 · 243 m² | 12.8 m · 2 fl. |
| 44062B0041/00F002 | Flanders | 192 m² | 1 · 15 m² | 5.5 m |
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.
Similar companies · same sector, comparable size
JNV-INVEST
BE 0866.968.182
Ledegem · Eq €241,939
CUISINES STORE
BE 0848.254.211
Trooz · Eq €242,040
TRADE CENTER
BE 0449.822.157
Houthalen-Helchteren · Eq €242,044
BOXRENT
BE 0457.029.851
Halle · Eq €242,075
Belgische Business Groep
BE 0889.478.617
Machelen (Brab.) · Eq €241,601
Of 12,041 companies in sector 68203 we hold annual accounts for 5,994. 4,334 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
Founded13-11-1998
Fiscal year end31-12
Activities, NACEBEL 2025
68203Renting and operating of own or leased non-residential real estate, excluding land
68321Property management for co-owned buildings (syndics)
Scores and ratios are computed by Checked and are not a credit decision.