TERLINDEN
ActiveSummary
TERLINDEN has been active since 1995 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.23M and a net result of €2k. Equity is shrinking by ~10.8% per year across the filed fiscal years. Its solvency ranks better than 71% of 9194 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
76
/ 100
Excellent
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability69▼-1
Solvency83▲+37
Growth78▲+20
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €90k at 30 days acceptable
Liquidity short (current ratio 0.01 against 0.08 in 2024; short-term debt: 41.6% and cash: 0.4% of total assets), and 41.6% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers 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
Sector 68
lower
← 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
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
58.4%
Return on assets
0.1%
Age of the figures
9 mo
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €1.23M
neutral · A punctual record breaks
This company filed 4 consecutive financial years on time. The year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 11-08-2026, 11 days late. Weigh it accordingly: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.
NBB · 10 filingsDeviation from the deadline
2025
11 d late
2024
13 d early
2023
33 d early
2022
26 d early
2021
33 d early
2020
20 d late
2019
116 d late
← 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, abbreviated schema
Equity
€1.23M▲ 396%
2024 · €248k
2018: €481k
2019: €428k
2020: €382k
2021: €336k
2022: €299k
2023: €234k
2024: €248k
2018 → 2025
Total assets
€2.11M▲ 78.8%
2024 · €1.18M
2018: €1.53M
2019: €1.44M
2020: €1.34M
2021: €1.26M
2022: €1.18M
2023: €1.11M
2024: €1.18M
2018 → 2025
Net result
€2k▼ 89.2%
2024 · €14k
2018: €-69k
2019: €-53k
2020: €-46k
2021: €-45k
2022: €-38k
2023: €-64k
2024: €14k
2018 → 2025
Working capital
€-869k▼ 1.0%
2024 · €-860k
2018: €-463k
2019: €-771k
2020: €-784k
2021: €-803k
2022: €-823k
2023: €-853k
2024: €-860k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€336k-€299k▼ 11.2%€234k▼ 21.6%€248k▲ 6.1%€1.23M▲ 396%
Operating result€-36k-€-26k▲ 26.8%€-33k▼ 26.4%€15k€2k▼ 89.3%
Net result€-45k-€-38k▲ 17.0%€-64k▼ 70.7%€14k€2k▼ 89.2%
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 2025; 2025 is 89% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €2.11M
Fixed assets
€2.10M ▲ 89.5%
Current assets
€9k ▼ 87.0%
Equity and liabilities €2.11M
Equity
€1.23M ▲ 396%
Debt
€878k ▼ 5.7%
Debt's share of the balance-sheet total falls from 79.0% to 41.6%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€2k▼
2024 · €15k
Cash flow
€2k▼
2024 · €15k
Current ratio
0.01▼
2024 · 0.08
Debt to equity
0.71▼
2024 · 3.75
ROE
0.1%▼
2024 · 5.7%
ROA
0.1%▼
2024 · 1.2%
Interest coverage
33.54▲
2024 · 25.19
Debt ≤ 1 year
€878k▼
2024 · €932k
Income taxes
€0▼
2024 · €140
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 · 44 lines
Balance sheet
Code20242025
Assets
Total assets20/58€1.18M€2.11M▲
Fixed assets21/28€1.11M€2.10M▲
Tangible fixed assets22/27€1.11M€2.10M▲
Land and buildings22€1.11M€2.10M▲
Furniture and vehicles24€741€221▼
Current assets29/58€72k€9k▼
Amounts receivable within one year40/41€5k€0▼
Trade receivables40€5k€0▼
Cash at bank and in hand54/58€67k€9k▼
Equity and liabilities
Total equity and liabilities10/49€1.18M€2.11M▲
Equity10/15€248k€1.23M▲
Contributions10/11€205k€205k=
Capital10€205k€205k=
Issued capital100€205k€205k=
Revaluation surpluses12€595k€1.58M▲
Reserves13€20k€20k=
Non-distributable reserves130/1€20k€20k=
Legal reserve130€20k€20k=
Profit (loss) carried forward14€-572k€-570k▲
Amounts payable17/49€932k€878k▼
Amounts payable within one year42/48€932k€878k▼
Current portion of amounts payable after more than one year42€0-
Financial debts43€926k€878k▼
Other loans439€926k€878k▼
Trade debts44€5k€242▼
Suppliers440/4€5k€242▼
Taxes, remuneration and social security45€140€0▼
Taxes450/3€140€0▼
Accrued charges and deferred income492/3€0-
Income statement
Code20242025
Non-recurring operating income76A€12k€0▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€520€520=
Other operating charges640/8€1k€998▼
Gross operating margin9900€17k€3k▼
Operating profit (loss)9901€15k€2k▼
Financial income75/76B€0-
Recurring financial income75€0-
Financial charges65/66B€614€63▼
Recurring financial charges65€614€63▼
Profit (loss) for the period before taxes9903€14k€2k▼
Income taxes67/77€140€0▼
Profit (loss) for the period9904€14k€2k▼
Profit (loss) for the period to be appropriated9905€14k€2k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-572k€-570k▲
Profit (loss) brought forward from the previous period14P€-586k€-572k▲
The notes to these accounts (9 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
22-09
State Gazette act
Reappointment: Bruno Denys (director)Power of attorney4 facts ▸
State Gazette act
Reappointment: Bruno Denys (director)
Power of attorney4 facts ▸
- General meeting, 19-06-2026
- Power of attorney, Thomas Van Dyck
- Power of attorney, Lise Paulussen
- Director reappointment, Bruno Denys (director)
11-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 11 days late
2025
31-12
Financial
Equity above €1MEq €1.23M ▲396%
2 profitable years in a row build equity to €1.23M.
18-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Back to profitnet €14k
Net result €14k after 6 loss-making years.
28-06
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
05-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
28-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
20-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 20 days late
2020
24-11
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 116 days late
2019
28-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 28 days late
2018
29-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 29 days late
2017
17-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 17 days late
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
1 director, no change since 2026
Bruno Denys
CurrentDirector · since 19-06-2026
19-06-2026
Mandate renewed as Director
Location & real-estate footprint
Registered office, Asse
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.
Terlindenweg 921730 AsseGround area
7,926 m²
Building footprint
415 m²
Volume, LiDAR
2,916 m³
Parcel 23002F0409/00H004, Flanders · tallest building 21.2 m, ±2 floors. Linked by address, not a title deed.
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23002F0409/00H004 | Flanders | 7,926 m² | 1 · 415 m² | 21.2 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.
Structure & network
Connections & network
7 connected companiesLinked via shared directors
via Bruno Denys · Director
→
via Bruno Denys · Permanent representative
→
via Bruno Denys · Lid van het directiecomité in zijn hoedanigheid van ceo
former→
via Bruno Denys · Permanent representative
former→
Show 3 more companies with a shared director
via Bruno Denys · Permanent representative
former→
via Bruno Denys · Voorzitter gedelegeerd bestuurder
former→
via Bruno Denys · Permanent representative
former→
Similar companies · same sector, comparable size
I.V.G.E.
BE 0442.242.497
Baelen · Eq €1,230,712
GABY REAL ESTATE
BE 0870.896.088
Elsene · Eq €1,232,144
IMMO NDJ
BE 0457.629.073
Ingelmunster · Eq €1,230,077
INDALU
BE 0415.956.289
Halle · Eq €1,229,731
P'TIT PRINT
BE 0480.195.431
Charleroi · Eq €1,229,375
Of 12,022 companies in sector 68203 we hold annual accounts for 5,986. 3,997 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
Founded16-09-1995
Fiscal year end31-12
Activities, NACEBEL 2025
68203Renting and operating of own or leased non-residential real estate, excluding land
Sources
Crossroads Bank for EnterprisesNational Bank · 30 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.