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 1 % of short-term debt in 2025; threshold 65 %.
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Busy address KBO
14 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2025
Terts from Gent, company number BE0721798081, closed financial year 2025 with a result of € 31,457 after tax. For that financial year Terts recorded a gross margin of € 84,157 and equity of € 78,247. Compared with financial year 2024, the result moved from € 13,399 to € 31,457. Profitable, and profit is growing. The buffer is growing. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on May 29, 2026.
€ 78,247
▲ 67% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 31,457
▲ 135% vs 2024
Profit after tax over the fiscal year.
€ 1,660
▲ 156% vs 2024
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2025. Retained profit grew to € 71,947.
Debts at end 2025
€ 697,797
▼ 9% vs 2024
€ 68,136 is repaid this year. At this pace the long-term loan is gone in ≈ 10 years.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 79,947 | € 77,211 | € 79,150 | € 84,157 | ▲ 6% |
| Profit after taxes | € 29,879 | € 19,391 | € 13,399 | € 31,457 | ▲ 135% |
| Equity | € 14,000 | € 33,391 | € 46,790 | € 78,247 | ▲ 67% |
| Total debts | € 1,253,349 | € 1,212,504 | € 1,171,148 | € 1,111,713 | ▼ 5% |
| Cash | € 1,938 | € 112 | € 647 | € 1,660 | ▲ 156% |
| Land & buildings | € 1,232,961 | € 1,245,426 | € 1,216,052 | € 1,186,677 | ▼ 2% |
| Retained profit | € 7,700 | € 27,091 | € 40,490 | € 71,947 | ▲ 78% |
| Bank debt | € 855,114 | € 830,746 | € 764,831 | € 697,797 | ▼ 9% |
| Balance sheet total | € 1,267,349 | € 1,245,894 | € 1,217,938 | € 1,189,959 | ▼ 2% |
Key figures of Terts, 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 Terts?
What happened at Terts in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 31,457 (▲ 135% vs 2024). Source: NBB ↗
- New establishment in Gent. KBO
- Start of the company according to the CBE. KBO
In short
From € 29,879 profit in 2022 to € 31,457 profit in 2025.
Best year ever: 2025, with € 31,457 profit.
Management
Behind Terts are Maarten Simon, Vincent Cauwels, Gil Lagacie and Isabelle Quintyn. The same people are also behind Kwint Advocaten.
Directors
According to the 2025 annual accounts
Establishments
Establishment units
Physical locations of this company
Brandweerstraat 19 box B002
9000 Gent
Brandweerstraat 19B box 2
9000 Gent
Active since 4 March 2019
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 14 companies are registered at this address.
All companies at this address →ALL IMMONEY MANAGEMENT
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€ 119,430 gross margin · 2025
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What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0721.798.081
- VAT number
- BE 0721.798.081
- Registered office
- Brandweerstraat 19 bus B002, 9000 Gent
- Names & denominations
- Terts
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 4 March 2019
- Peppol
- Active · Active since 7 Nov 2024
- Activities · NACE
Verhuur en exploitatie van eigen of geleased niet-residentieel onroerend goed, exclusief terreinen