TERVUREN SQUARE
ActiveSummary
TERVUREN SQUARE has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €150k and a net result of €1.46M. Equity is growing by ~94.3% per year across the filed fiscal years. Its solvency ranks better than 19% of 4809 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 1.0% (low).
Checked score
Score 2024
57
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability64▲+5
Solvency26=
Growth85▲+7
Track record94
Bankruptcy probability, 12 months
1.0%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €8k at 30 days acceptable
Liquidity ample (current ratio 1.77 against 3.61 in 2023; short-term debt: 56.6% and cash: 33.7% of total assets), but 98.9% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
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
Sector 68
lower
← fewer bankruptcies
more bankruptcies →
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
1.1%
Return on assets
10.5%
Age of the figures
21 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 19% of 4809 sector peers (2024).
NBB · sector comparisonPosition among 4809 sector peers
Solvency
better than 19%
← weakest
strongest →
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 15-06-2025, 46 days ahead of the deadline.
NBB · 3 filingsDeviation from the deadline
2025
not confirmed
2024
46 d early
2023
37 d early
2022
47 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, full schema
Turnover
€23.47M▲ 120%
2023 · €10.66M
2023: €10.66M
2023 → 2024
EBIT margin
20.4%▼ 6.3pp
2023 · 26.7%
2023: 26.7%
2023 → 2024
Net result
€1.46M▲ 14.3%
2023 · €1.27M
2022: €-257k
2023: €1.27M
2022 → 2024
Working capital
€6.05M▼ 42.3%
2023 · €10.49M
2022: €7.25M
2023: €10.49M
2022 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line202220232024Trend
Turnover€10.66M€23.47M▲ 120%
Equity€-132k-€192k€150k▼ 22.2%
Operating result€-254k-€2.84M€4.78M▲ 68.0%
Net result€-257k-€1.27M€1.46M▲ 14.3%
Result per fiscal year
Operating resultNet result
The operating result has risen two years in a row; 2024 is 68% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Equity and liabilities €13.93M
Equity
€150k ▼ 22.2%
Debt
€13.78M ▼ 3.7%
Debt's share of the balance-sheet total rises from 98.7% to 98.9%. Equity and debt are lower.
Key figures and ratios
Current ratio
1.77▼
2023 · 3.61
Quick ratio
0.78▼
2023 · 1.14
Debt to equity
92.15▲
2023 · 74.43
ROE
974.6%▲
2023 · 662.9%
ROA
10.5%▲
2023 · 8.8%
Debt ≤ 1 year
€7.88M▲
2023 · €4.02M
Debt > 1 year
€5.89M▼
2023 · €9.95M
Income taxes
€441k▲
2023 · €409k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2024 against 2023 · 48 lines
Balance sheet
Code20232024
Assets
Total assets20/58€14.51M€13.93M▼
Current assets29/58€14.51M€13.93M▼
Stocks and contracts in progress3€9.92M€7.82M▼
Stocks30/36€9.92M€7.82M▼
Amounts receivable within one year40/41€1.50M€1.40M▼
Trade receivables40€1.50M€1.40M▼
Cash at bank and in hand54/58€3.08M€4.69M▲
Deferred charges and accrued income490/1-€21k
Equity and liabilities
Total equity and liabilities10/49€14.51M€13.93M▼
Equity10/15€192k€150k▼
Contributions10/11€125k€125k=
Capital10€125k€125k=
Issued capital100€125k€125k=
Reserves13€13k€13k=
Non-distributable reserves130/1€13k€13k=
Legal reserve130€13k€13k=
Profit (loss) carried forward14€55k€12k▼
Amounts payable17/49€14.31M€13.78M▼
Amounts payable after more than one year17€9.95M€5.89M▼
Financial debts170/4€4.49M-
Other amounts payable178/9€5.45M€5.89M▲
Amounts payable within one year42/48€4.02M€7.88M▲
Trade debts44€2.70M€5.18M▲
Suppliers440/4€2.70M€5.18M▲
Advances received on contracts in progress46€20k€20k=
Taxes, remuneration and social security45€346k€231k▼
Taxes450/3€346k€231k▼
Other amounts payable47/48€950k€2.45M▲
Accrued charges and deferred income492/3€347k€2k▼
Income statement
Code20232024
Turnover70€10.66M€23.47M▲
Goods, raw materials, services and sundry goods60/61€7.31M€18.67M▲
Other operating charges640/8€513k€90k▼
Gross operating margin9900€3.36M€4.87M▲
Operating profit (loss)9901€2.84M€4.78M▲
Financial income75/76B€0€1▲
Recurring financial income75€0€1▲
Financial charges65/66B€1.16M€2.88M▲
Recurring financial charges65€1.16M€2.88M▲
Profit (loss) for the period before taxes9903€1.68M€1.90M▲
Income taxes67/77€409k€441k▲
Profit (loss) for the period9904€1.27M€1.46M▲
Profit (loss) for the period to be appropriated9905€1.27M€1.46M▲
Appropriation of the result
Profit (loss) to be appropriated9906€1.02M€1.51M▲
Profit (loss) brought forward from the previous period14P€-257k€55k▲
Transfer to equity691/2€13k-
To the legal reserve6920€13k-
Profit to be distributed694/7€950k€1.50M▲
Return on contributions (dividend)694€950k€1.50M▲
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
2025
15-06
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
31-12
Financial
Highest result since 2022net €1.46M ▲14.3%
Operating result €4.78M, net result €1.46M, both a record.
24-06
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
31-12
Financial
Back to profitnet €1.27M
Net result €1.27M after one loss-making year.
31-12
Financial
Equity above €150kEq €192k
Equity rises from €-132k to €192k.
14-06
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Oudergem · 1 establishment unit since 2021
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.
Edmond Van Nieuwenhuyselaan 301160 OudergemGround area
6,095 m²
Building footprint
1,659 m²
Volume, LiDAR
18,858 m³
2 parcels, Brussels · tallest building 25.8 m, ±5 floors. Linked by address, not a title deed.
1 establishment unit
TERVUREN SQUARE
since 20212.326.974.471
2 parcels
Brussels
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21332B0498/00B000 | Brussels | 5,641 m² | 1 · 1,517 m² | 25.8 m · 5 fl. |
| 21822R0302/00F002 | Brussels | 455 m² | 1 · 142 m² | 19.2 m · 5 fl. |
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.
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BATIMO & CO
BE 0727.878.496
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SO'IMMO
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Of 1,292 companies in sector 68122 we hold annual accounts for 901. 568 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded21-12-2021
Fiscal year end31-12
Activities, NACEBEL 2025
68122Development of non-residential building projects
68121Development of residential building projects
Sources
Crossroads Bank for EnterprisesNational Bank · 3 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.
Contact details
2 entriesE-mail:offices@burcogroup.eu
Phone:026572005