Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Negative equity NBB
More debt than assets in 4 of the last 4 fiscal years.
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Tight liquidity NBB
Cash and receivables cover 49 % of short-term debt in 2025; threshold 65 %.
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Busy address KBO
51 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2025
Tero Bakery from Waterloo, company number BE0765347519, closed financial year 2025 with a result of € -70,484 after tax. For that financial year Tero Bakery recorded a gross margin of € 276,306 and equity of € -74,986. Compared with financial year 2024, the result moved from € 51,553 to € -70,484. The company made a loss. More debts than assets. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on June 10, 2026.
€ -74,986
▼ € 70,484 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -70,484
▼ still € 51,553 profit in 2024
Profit after tax over the fiscal year.
€ 33,826
▼ 40% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -104,986.
People and assets in 2025
€ 293,168
▲ 162% vs 2024
Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 40,367
▼ 16% vs 2024
Of which on lease € 33,189.
Debts at end 2025
€ 285,304
▲ € 239,320 vs 2024
€ 39,294 is repaid this year. At this pace the long-term loan is gone in ≈ 7 years.
€ 73,285
▲ € 56,715 vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 44,324
▲ 176% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 57,535 | € 92,680 | € 192,708 | € 276,306 | ▲ 43% |
| Profit after taxes | € -37,529 | € -29,908 | € 51,553 | € -70,484 | ▼ € 122,037 |
| Equity | € -26,147 | € -56,055 | € -4,502 | € -74,986 | ▼ € 70,484 |
| Total debts | € 191,488 | € 240,952 | € 236,252 | € 575,845 | ▲ 144% |
| Cash | € 15,834 | € 14,051 | € 56,253 | € 33,826 | ▼ 40% |
| Retained profit | € -56,147 | € -86,055 | € -34,502 | € -104,986 | ▼ € 70,484 |
| Bank debt | € 0 | € 55,932 | € 45,985 | € 285,304 | ▲ € 239,320 |
| Balance sheet total | € 165,341 | € 184,897 | € 231,750 | € 500,859 | ▲ 116% |
Key figures of Tero Bakery, 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 Tero Bakery?
What happened at Tero Bakery in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 70,484 (▼ € 122,037 vs 2024). Source: NBB ↗
- New establishment in La Hulpe. KBO
- Soheila Sadraee became a director. NBB
- New establishment in Waterloo. KBO
- ARLO became a director. NBB
- SPORTS VENTURES became a director. NBB
- Start of the company according to the CBE. KBO
In short
From € 37,529 loss in 2022 to € 70,484 loss in 2025.
Paid € 768 in corporate taxes since 2022.
Best year ever: 2024, with € 51,553 profit.
A new publication or filing at Tero Bakery? We notify you, reason included.
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De Lijn 8 June 2026 New annual account 2025
filed on 8 June 2026
What was left
€ 20 k ▼ 91%
Money in the bank
€ 178 k ▼ 98%
Open the dossier →
NMBS 8 June 2026 New annual account 2025 What was left ▼ 80%
bpost 18 May 2026 New annual account 2025 What was left from loss to profit
Management
The stake of MATHIMMO comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
Tero BakeryBehind Tero Bakery are Soheila Sadraee, ARLO and SPORTS VENTURES. The shares are held by MATHIMMO (80%).
Directors
According to the 2025 annual accounts
Soheila Sadraee
Director
since 2021
Director · represented by Arthur Lhoist
Also active at: Tennis Club de Belgique Courts Couverts, LE VIEUX LOGIS, FALS, PORCELYNEGOED, LAMSOUL, LES CRESSES, MATHIMMO, LE BESTIN +35 more
since 2021
Director · represented by Nicolas Lhoist
Also active at: Tennis Club de Belgique Courts Couverts, GROTTES DE HAN, LE VIEUX LOGIS, Sporsystem, FALS, PORCELYNEGOED, LAMSOUL, LES CRESSES +41 more
since 2021
Shareholders
80%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Chaussée de Tervuren 389
1410 Waterloo
Rue des Combattants 50-52
1310 La Hulpe
Active since 1 January 2022
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 51 companies are registered at this address.
All companies at this address →LE VIEUX LOGIS same network
€ 31,331 gross margin · 2025
FALS same network
€ 341,137 gross margin · 2025
PORCELYNEGOED same network
€ 973,207 gross margin · 2024
LAMSOUL same network
€ -202,654 gross margin · 2025
LES CRESSES same network
€ -96,545 gross margin · 2025
+46 more
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0765.347.519
- VAT number
- BE 0765.347.519
- Registered office
- Chaussée de Tervuren 389, 1410 Waterloo
- Names & denominations
- Tero Bakery
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 18 March 2021
- Peppol
- Active · Active since 3 Aug 2026
- Activities · NACE
Ambachtelijke vervaardiging van brood en van vers banketbakkerswerk
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