TerPower
ActiveSummary
TerPower has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €865k and a net result of €-21k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 40% of 270 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (low).
Checked score
Score 2025
58
/ 100
Fair
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability56▲+25
Solvency48▼-9
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
0.5%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €50k at 30 days acceptable
Liquidity short (current ratio 0.2 against 0.39 in 2024; short-term debt: 62.2% and cash: 2.3% of total assets), and 77.4% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Six 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 35
Relative position
BE, all sectors
reference
Sector 35
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 2025Solvency, return and age of the figures
Solvency
22.6%
Return on assets
-0.6%
Age of the figures
9 mo
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
19202122232425
2019 to 2025 · latest year €-21k
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 15-07-2026, 16 days ahead of the deadline.
NBB · 7 filingsDeviation from the deadline
2025
16 d early
2024
29 d early
2023
12 d early
2022
31 d early
2021
23 d early
2020
23 d early
2019
21 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
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
24-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€-21k▲ 77.4%
2024 · €-93k
2019: €-71k
2020: €-131k
2021: €-112k
2022: €-63k
2023: €-88k
2024: €-93k
2019 → 2025
Working capital
€-1.91M▼ 174%
2024 · €-697k
2019: €-731k
2020: €-898k
2021: €-1.05M
2022: €-1.17M
2023: €-1.36M
2024: €-697k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€-215k-€-278k▼ 29.5%€-366k▼ 31.8%€886k€865k▼ 2.4%
Operating result€-84k-€-31k▲ 62.8%€-17k▲ 47.4%€-36k▼ 120%€24k
Net result€-112k-€-63k▲ 43.7%€-88k▼ 39.4%€-93k▼ 5.5%€-21k▲ 77.4%
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €24k after a loss of €36k in 2024, the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €3.83M
Fixed assets
€3.36M ▲ 44.6%
Current assets
€468k ▲ 5.9%
Equity and liabilities €3.83M
Equity
€865k ▼ 2.4%
Debt
€2.96M ▲ 57.6%
Debt's share of the balance-sheet total rises from 67.9% to 77.4%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€206k▲
2024 · €117k
Cash flow
€161k▲
2024 · €60k
Current ratio
0.20▼
2024 · 0.39
Quick ratio
0.14▼
2024 · 0.20
Debt to equity
3.42▲
2024 · 2.12
ROE
-2.4%▲
2024 · -10.5%
ROA
-0.6%▲
2024 · -3.4%
Interest coverage
4.55▲
2024 · 2.02
Debt ≤ 1 year
€2.38M▲
2024 · €1.14M
Debt > 1 year
€583k▼
2024 · €740k
Income taxes
€-12▼
2024 · €12
Staff costs
€199k▲
2024 · €191k
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 · 2025 against 2024 · 53 lines
Balance sheet
Code20242025
Assets
Total assets20/58€2.76M€3.83M▲
Fixed assets21/28€2.32M€3.36M▲
Intangible fixed assets21€0-
Tangible fixed assets22/27€2.32M€3.36M▲
Land and buildings22€1.44M€1.19M▼
Plant, machinery and equipment23€810k€1.01M▲
Furniture and vehicles24€2k€813▼
Assets under construction and advance payments27€69k€1.16M▲
Current assets29/58€442k€468k▲
Stocks and contracts in progress3€210k€143k▼
Stocks30/36€210k€143k▼
Amounts receivable within one year40/41€127k€210k▲
Trade receivables40€109k€198k▲
Other amounts receivable41€18k€13k▼
Cash at bank and in hand54/58€77k€88k▲
Deferred charges and accrued income490/1€28k€26k▼
Equity and liabilities
Total equity and liabilities10/49€2.76M€3.83M▲
Equity10/15€886k€865k▼
Contributions10/11€1.45M€1.45M=
Capital10€1.45M€1.45M=
Issued capital100€1.45M€1.45M=
Profit (loss) carried forward14€-559k€-580k▼
Amounts payable17/49€1.88M€2.96M▲
Amounts payable after more than one year17€740k€583k▼
Financial debts170/4€740k€583k▼
Amounts payable within one year42/48€1.14M€2.38M▲
Current portion of amounts payable after more than one year42€155k€157k▲
Trade debts44€797k€1.49M▲
Suppliers440/4€797k€1.49M▲
Taxes, remuneration and social security45€31k€27k▼
Taxes450/3€287€3k▲
Remuneration and social security454/9€31k€24k▼
Other amounts payable47/48€155k€708k▲
Accrued charges and deferred income492/3€0-
Income statement
Code20242025
Non-recurring operating income76A€31k€40k▲
Remuneration, social security and pensions62€191k€199k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€153k€182k▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€855€0▼
Other operating charges640/8€7k€9k▲
Non-recurring operating charges66A-€2k
Gross operating margin9900€316k€416k▲
Operating profit (loss)9901€-36k€24k▲
Financial income75/76B€1k€46▼
Recurring financial income75€1k€46▼
Financial charges65/66B€58k€45k▼
Recurring financial charges65€58k€45k▼
Profit (loss) for the period before taxes9903€-93k€-21k▲
Income taxes67/77€12€-12▼
Profit (loss) for the period9904€-93k€-21k▲
Profit (loss) for the period to be appropriated9905€-93k€-21k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-559k€-580k▼
Profit (loss) brought forward from the previous period14P€-466k€-559k▼
Social balance
Average headcount (FTE)90876.25.4▼
The notes to these accounts (22 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
15-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
02-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Equity above €500kEq €886k
Equity rises from €-366k to €886k.
19-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
30-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
08-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
08-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Weakest financial yearnet €-131k
Net result drops to €-131k, the lowest in the series; recovery starts the following year.
10-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
4 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, Hulshout · 1 establishment unit since 2019
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.
Corbeillestraat 402235 HulshoutGround area
9,168 m²
Building footprint
5,852 m²
Volume, LiDAR
2,955 m³
2 parcels, Flanders · tallest building 9.4 m. Linked by address, not a title deed.
1 establishment unit
Ter Power
since 20192.290.819.504
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 13050B0068/00F003 | Flanders | 6,458 m² | 1 · 5,649 m² | 9.4 m |
| 13050B0068/00M003 | Flanders | 2,710 m² | 1 · 203 m² | 7.1 m |
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.
Public money · subsidies and aid
Flemish government
2022 · 1 entry · 135 EUR awarded · 135 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2022 | 1 | 135 EUR | 135 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 563 companies in sector 35150 we hold annual accounts for 230. 124 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
Founded07-12-2018
Fiscal year end31-12
Activities, NACEBEL 2025
35150Electricity, gas, steam and air conditioning supply
46810Wholesale of solid, liquid and gaseous fuels and related products
47110Non-specialised retail sale with food, beverages or tobacco predominating
35120Electricity, gas, steam and air conditioning supply
47260Retail trade
68203Renting and operating of own or leased non-residential real estate, excluding land
Sources
Crossroads Bank for EnterprisesNational Bank · 7 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.