TERVIMMO
ActiveSummary
TERVIMMO has been active since 1982 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €597,170 and a net result of -€24,826. Equity is growing by about 7.3% per year across the filed financial years. The computed 12-month bankruptcy probability is 0.1% (very low).
Overview
- Equity
- €597,170
- Loss
- -€24,826
- LIEBSHARDT Jacqueline Simone MadeleineDirector
- PINCKET JanManaging director
Why 92raises riskLast filed accounts filed 45 days late; 1 of the last 3 lateLoss of €24,826 (financial year 2025)lowers riskSize: total assets €721,070Equity €597,170 (82.8% of total assets)Show the evidence
Checked score
About 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
How it is calculated
The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:
| 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% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (no NACE code, micro): better than 81% on solvency, 53% on liquidity, 14% on profitability and 33% on growth.
The bankruptcy probability was computed on 30-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).
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Signals
This company filed its last 7 accounts on average 24 days before the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
Searched, nothing found (2)
- Annual accounts filedfinancial year 2025 · abbreviated…
- Weakest financial yearnet -€24,826
- Annual accounts filedfinancial year 2024 · micro…
Financials · financial year 2025, abbreviated format
2025 annual accounts filed late (45 days) Filed on 14 September 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00512170.
2021 to 2025, 5 financial years 2018 to 2025, 8 financial years
The operating result stays negative: a loss of €31,385 in 2025 against €14,972 in 2024; the loss grows and 2025 has the lowest result in the available series.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Use the arrow keys on the chart for the figures per year.
Peer companies
Historical observationOf the 8,617 companies that looked in July 2024 the way this one looks now, 0.4% went bankrupt within 24 months and 94.2% are still going.
- Small
- 20 years or older
- solvency 30% or more
- a small loss
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.1% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,445 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74.5% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 8,617 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €34,968 | €43,148 | €45,692 | €45,637 | €44,112 | €32,254 | €14,483 | €13,003 | ▼ 10.2% |
| Other operating charges640/8 | - | - | - | €5,139 | €5,250 | €5,755 | €5,982 | €6,950 | ▲ 16.2% |
| Gross operating margin9900 | €80,345 | €106,091 | €120,308 | €107,837 | €108,313 | €127,151 | €5,493 | -€11,432 | - |
| Operating profit (loss)9901 | €37,255 | €57,506 | €69,511 | €57,061 | €58,950 | €89,142 | -€14,972 | -€31,385 | ▼ 110% |
| Financial income75/76B | - | - | - | €29,784 | €5,586 | €1,814 | €20,355 | €6,899 | ▼ 66.1% |
| Recurring financial income75 | €438 | €805 | €821 | €29,784 | €5,586 | €1,814 | €20,355 | €6,899 | ▼ 66.1% |
| Financial charges65/66B | - | - | - | €238 | €35,827 | €327 | €124 | €47 | ▼ 62.2% |
| Recurring financial charges65 | €1,401 | -€1,113 | €190 | €238 | €35,827 | €327 | €124 | €47 | ▼ 62.2% |
| Profit (loss) for the period before taxes9903 | €36,292 | €60,360 | €70,141 | €86,607 | €28,709 | €90,628 | €5,259 | -€24,533 | - |
| Income taxes67/77 | - | €11,740 | €17,428 | €21,937 | €17,189 | €23,906 | €918 | €294 | ▼ 68.0% |
| Profit (loss) for the period9904 | €36,292 | €48,621 | €52,713 | €64,669 | €11,521 | €66,722 | €4,341 | -€24,826 | - |
| Profit (loss) for the period to be appropriated9905 | €36,292 | €48,621 | €52,713 | €64,669 | €11,521 | €66,722 | €4,341 | -€24,826 | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €384,150 | €438,110 | €494,648 | €583,606 | €553,875 | €665,357 | €732,583 | €721,070 | ▼ 1.6% |
| Fixed assets21/28 | €204,417 | €214,226 | €198,867 | €159,665 | €116,852 | €84,598 | €70,114 | €58,193 | ▼ 17.0% |
| Tangible fixed assets22/27 | €204,417 | €214,226 | €198,867 | €159,665 | €116,852 | €84,598 | €70,114 | €58,193 | ▼ 17.0% |
| Land and buildings22 | - | - | - | €124,407 | €95,335 | €77,157 | €66,294 | €55,628 | ▼ 16.1% |
| Plant, machinery and equipment23 | - | - | - | €12,851 | €9,086 | €6,094 | €3,501 | €1,844 | ▼ 47.3% |
| Furniture and vehicles24 | - | - | - | €22,407 | €12,431 | €1,347 | €319 | €721 | ▲ 126% |
| Current assets29/58 | €179,733 | €223,884 | €295,781 | €423,941 | €437,023 | €580,759 | €662,469 | €662,877 | ▲ 0.1% |
| Amounts receivable within one year40/41 | €25,000 | €10,260 | €6,513 | €1,366 | €11,202 | €6,686 | €13,050 | €15,081 | ▲ 15.6% |
| Other amounts receivable41 | - | - | - | €1,366 | €11,202 | €6,686 | €13,050 | €15,081 | ▲ 15.6% |
| Current investments50/53 | €94,857 | €110,307 | €117,087 | €255,024 | €296,003 | €492,044 | €591,505 | €609,973 | ▲ 3.1% |
| Cash at bank and in hand54/58 | €55,921 | €98,824 | €169,291 | €164,486 | €127,411 | €79,538 | €55,402 | €37,219 | ▼ 32.8% |
| Deferred charges and accrued income490/1 | - | - | - | €3,065 | €2,406 | €2,492 | €2,511 | €604 | ▼ 75.9% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €384,150 | €438,110 | €494,648 | €583,606 | €553,875 | €665,357 | €732,583 | €721,070 | ▼ 1.6% |
| Equity10/15 | €373,409 | €422,030 | €474,743 | €539,412 | €550,933 | €617,655 | €621,996 | €597,170 | ▼ 4.0% |
| Contributions10/11 | €62,000 | €62,000 | €62,000 | €62,000 | €62,000 | €62,000 | €62,000 | €62,000 | = |
| Capital10 | - | - | - | €62,000 | €62,000 | €62,000 | €62,000 | €62,000 | = |
| Issued capital100 | - | - | - | €62,000 | €62,000 | €62,000 | €62,000 | €62,000 | = |
| Reserves13 | €181,819 | €181,819 | €181,819 | €181,819 | €181,819 | €181,819 | €181,819 | €181,819 | = |
| Non-distributable reserves130/1 | - | - | - | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Legal reserve130 | - | - | - | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Tax-exempt reserves132 | - | - | - | €11,643 | €11,643 | €11,643 | €11,643 | €11,643 | = |
| Distributable reserves133 | - | - | - | €163,976 | €163,976 | €163,976 | €163,976 | €163,976 | = |
| Profit (loss) carried forward14 | €129,590 | €178,211 | €230,924 | €295,593 | €307,114 | €373,836 | €378,177 | €353,351 | ▼ 6.6% |
| Amounts payable17/49 | €10,741 | €16,080 | €19,905 | €44,194 | €2,942 | €47,702 | €110,587 | €123,900 | ▲ 12.0% |
| Amounts payable within one year42/48 | €10,741 | €2,693 | €562 | €1,138 | €2,942 | €2,933 | €2,241 | €2,654 | ▲ 18.4% |
| Trade debts44 | €8,179 | €2,285 | €562 | €1,138 | €2,942 | €2,933 | €2,241 | €2,654 | ▲ 18.4% |
| Suppliers440/4 | - | - | - | €1,138 | €2,942 | €2,933 | €2,241 | €2,654 | ▲ 18.4% |
| Accrued charges and deferred income492/3 | - | - | - | €43,056 | - | €44,769 | €108,346 | €121,247 | ▲ 11.9% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €36,292 | €48,621 | €52,713 | €64,669 | €11,521 | €66,722 | €4,341 | -€24,826 | - |
| + Depreciation and write-downs630 | €34,968 | €43,148 | €45,692 | €45,637 | €44,112 | €32,254 | €14,483 | €13,003 | ▼ 10.2% |
| Operating cash flow (approximation) | €71,260 | €91,768 | €98,406 | €110,306 | €55,633 | €98,976 | €18,825 | -€11,824 | - |
| Investment in fixed assets (approximation) | - | -€52,956 | -€30,334 | -€6,435 | -€1,299 | €0 | €0 | -€1,081 | - |
| Change in cash | - | €42,903 | €70,467 | -€4,805 | -€37,075 | -€47,873 | -€24,136 | -€18,183 | ▲ 24.7% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Latest 10 of 43 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | abbreviated format | 14-09-2026 | 2026-00512170 |
| 31-12-2024 | micro format | 30-07-2025 | 2025-00329991 |
| 31-12-2023 | micro format | 25-06-2024 | 2024-00157764 |
| 31-12-2022 | micro format | 14-06-2023 | 2023-00124467 |
| 31-12-2021 | micro format | 28-06-2022 | 2022-20099049 |
| 31-12-2020 | micro format | 03-06-2021 | 2021-16800157 |
| 31-12-2019 | micro format | 22-06-2020 | 2020-18500467 |
| 31-12-2018 | micro format | 04-06-2019 | 2019-15500133 |
| 31-12-2017 | micro format | 18-06-2018 | 2018-18800529 |
| 31-12-2016 | micro format | 06-06-2017 | 2017-14500359 |
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Board 2
Day-to-day management 1
Not every act has been read: a resignation may still be missing
Mandate history
- Board
- Day-to-day management
- began earlier
| Name | Functions and periods |
|---|---|
| LIEBSHARDT Jacqueline Simone Madeleine |
|
| PINCKET Jan |
|
Owners and capital
Capital and shareholders
- 03-05-2024 Capital stated in the deed · €62,000 · 1,250 shares
Group and network
Connections & network
2 current directorsThe network starts from this company’s directors. Other companies they run appear here as nodes.
History
Acts, filings and financial milestones
03-05
Gazette deed
Resignations: PINCKET Jan (director) and LIEBSHARDT Jacqueline Simone Madeleine (director)Reappointments: PINCKET Jan (director) and LIEBSHARDT Jacqueline Simone Madeleine (director) · Amendment of the articles · Capital11 facts ▸
- General meeting, 22-12-2023
- Amendment of the articles (2 times)
- Capital, €62,000
- Director resignation, PINCKET Jan (director)
- Director reappointment, PINCKET Jan (director (not named in the articles))
- Director reappointment, PINCKET Jan (managing director)
- Director resignation, LIEBSHARDT Jacqueline Simone Madeleine (director)
- Director reappointment, LIEBSHARDT Jacqueline Simone Madeleine (director (not named in the articles))
- Director discharge, PINCKET Jan
- Director discharge, LIEBSHARDT Jacqueline Simone Madeleine
- Registered office clause, “1850 Grimbergen,Grimbergsesteenweg 16, vijfde besluit” (deed in Dutch)
Show earlier events
About the unread acts
Of the 5 Belgian Official Gazette deeds we know for this company, 1 has been read. The other 4 have not been read yet: what they contain is neither established nor disproved here.
Register details
No listing in the Peppol Directory under this enterprise or VAT number. That proves nothing: being listed there is voluntary.
What can you do?
Try sending from your invoicing software; if that fails, ask the customer whether they already receive via Peppol.
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If you follow this company, Checked tells you the day it appears in the Peppol register.
Register as of 30 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.
Sites & property
1 establishment unit
1 parcel
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 23403G0275/00R000 | Flanders | 256 m² | 1 · 312 m² | 19.0 m · 4 |
How the parcels are linked
Articles of association
What the company does
- PurposeThe activities the company may carry out under its articles.
- “De aankoop, verkoop, het verkavelen, uitrusten onder alle vormen en tot waarde brengen, het bouwen, het verbouwen, het huren, het verhuren…” (deed in Dutch)
5 activities (deed in Dutch)
- De aankoop, verkoop, het verkavelen, uitrusten onder alle vormen en tot waarde brengen, het bouwen, het verbouwen, het huren, het verhuren en op alle mogelijke wijze uitbaten van alle ongebouwde en gebouwde onroerende goederen; dit bij middel van alle technieken, hieronder begrepen, zijnde de zogenaamde promotie;
- Alle financiële verrichtingen en in het bijzonder het opnemen van depots, het verrichten van leningen, het bemiddelen inzake geld plaatsingen;
- De aankoop en verkoop en bewaring van roerende waarden; dit binnen het kader van de bestaande werkelijke en bestuurlijke reglementeringen;
- De verrichtingen van ene bureau voor studie, onderzoek en advies, op technisch en commercieel gebied;
- De aankoop en verkoop, de uitbating op alle gebieden en het in bewaring nemen van brevetten, licenties, fabricatie, methoden en middelen;
- DurationHow long the company exists; usually unlimited, so until it is dissolved.
- Unlimited
- Name clauseThe name the company operates under according to its articles.
- TERVIMMO
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- “Vlaamse Gewest, bij enkel besluit van het bestuursorgaan exploitatiezetels oprichten of opheffen wanneer en waar nodig, voor zover geen…” (deed in Dutch)
Who represents it, and how
- Board ruleHow the board is made up, meets and takes decisions.
- “Samenstelling van de raad van bestuur, 3” (deed in Dutch)
Meetings and financial year
- Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
- Second Tuesday of May at 09:00
Oversight and winding up
- Liquidation ruleHow assets are shared after dissolution: creditors first, then shareholders.
- “Benoeming van de vereffenaars, één of meer” (deed in Dutch)“Bevoegdheden van de vereffenaars, algemene vergadering anders bij gewone meerderheid” (deed in Dutch)