Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
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Tight liquidity NBB
Cash and receivables cover 45 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
Ter Muden from Gent, company number BE0471372686, closed financial year 2025 with a result of € 326,146 after tax. For that financial year Ter Muden recorded a gross margin of € 200,294 and equity of € 898,624. Compared with financial year 2024, the result moved from € 151,744 to € 326,146. Profitable, and profit is growing. The company holds a healthy buffer. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on April 3, 2026.
€ 898,624
▼ 34% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 326,146
▲ 115% vs 2024
Profit after tax over the fiscal year.
€ 95,840
▼ 39% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 787,982 paid out
More than the year’s profit went to the shareholders; reserves fell.
People and assets in 2025
€ 51,284
▼ 25% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
€ 1,130
▼ 51% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 13,068
▼ 20% vs 2024
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 177,607 | € 177,372 | € 194,129 | € 200,294 | ▲ 3% |
| Profit after taxes | € 319,160 | € 97,489 | € 151,744 | € 326,146 | ▲ 115% |
| Equity | € 1,257,138 | € 1,277,573 | € 1,360,460 | € 898,624 | ▼ 34% |
| Total debts | € 240,425 | € 243,364 | € 244,885 | € 299,103 | ▲ 22% |
| Cash | € 329,297 | € 82,263 | € 158,226 | € 95,840 | ▼ 39% |
| Land & buildings | € 488,573 | € 475,089 | € 766,761 | € 747,695 | ▼ 2% |
| Retained profit | € 1,238,538 | € 1,276,823 | € 1,359,710 | € 897,874 | ▼ 34% |
| Dividend | € 210,638 | € 59,204 | € 68,858 | € 787,982 | ▲ € 719,124 |
| Bank debt | € 8,929 | € 2,999 | € 0 | € 0 | |
| Balance sheet total | € 1,497,563 | € 1,520,936 | € 1,605,345 | € 1,197,727 | ▼ 25% |
| Employees (FTE) | 2,548.3 | - | - | - |
Key figures of Ter Muden, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 31 July 2027.
What happened to Ter Muden?
What happened at Ter Muden in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New establishment in Gent. KBO
- New annual accounts for financial year 2025: profit of € 326,146 (▲ 115% vs 2024). Source: NBB ↗
- Katrien Reynaert became a director. NBB
- New establishment in Gent. KBO
- Start of the company according to the CBE. KBO
- Nick De Roeck became a director. NBB
In short
From € 319,160 profit in 2022 to € 326,146 profit in 2025.
Paid € 371,088 in corporate taxes since 2022.
Best year ever: 2025, with € 326,146 profit.
On average € 100 of value added per employee in 2022.
Management
Behind Ter Muden are Nick De Roeck and Katrien Reynaert.
Directors
According to the 2025 annual accounts
Nick De Roeck
Director
since 2000
Katrien Reynaert
Director
since 2023
Establishments
Establishment units
Physical locations of this company
Oslostraat 1 box //1
9000 Gent
Oslostraat 1 box 1
9000 Gent
Active since 9 May 2000
New-Orleansstraat 271
9000 Gent
Active since 1 May 2026
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0471.372.686
- VAT number
- BE 0471.372.686
- Registered office
- Oslostraat 1 bus //1, 9000 Gent
- Names & denominations
- Ter Muden
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 6 March 2000
- Peppol
- Active · Active since 1 Oct 2025
- Activities · NACE
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