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 18 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
Ter Ijzer from Ledegem, company number BE0789622659, closed financial year 2025 with a result of € 459,680 after tax. For that financial year Ter Ijzer recorded a gross margin of € 263,726 and equity of € 2 million. Compared with financial year 2024, the result moved from € 543,281 to € 459,680. The company is profitable. The buffer is growing. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on July 10, 2026.
€ 2 million
▲ 29% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 459,680
▼ 15% vs 2024
Profit after tax over the fiscal year.
€ 15,334
▼ 63% 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 € 1 million.
People and assets in 2025
1
Average over the fiscal year, from the social balance sheet.
€ 74,864
▲ 3% vs 2024
€ 74,900 per full-time equivalent. Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 29,066
▼ 22% vs 2024
Of which on lease € 29,066.
Debts at end 2025
€ 859,795
▼ 31% vs 2024
€ 135,266 is repaid this year. At this pace the long-term loan is gone in ≈ 6 years.
€ 716
▼ 31% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 52,795
▲ 14% vs 2024
Taxes, VAT and social contributions still to pay.
| 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|
| Gross margin | € 218,090 | € 263,990 | € 263,726 | |
| Profit after taxes | € 39,624 | € 543,281 | € 459,680 | ▼ 15% |
| Equity | € 1,039,624 | € 1,582,905 | € 2,042,584 | ▲ 29% |
| Total debts | € 4,606,008 | € 4,117,946 | € 3,623,694 | ▼ 12% |
| Cash | € 62,014 | € 41,560 | € 15,334 | ▼ 63% |
| Retained profit | € 39,624 | € 582,905 | € 1,042,584 | ▲ 79% |
| Bank debt | € 2,177,083 | € 1,244,655 | € 859,795 | ▼ 31% |
| Balance sheet total | € 5,645,632 | € 5,700,850 | € 5,666,278 | ▼ 1% |
| Employees (FTE) | 0.2 | 1 | 1 |
Key figures of Ter Ijzer, fiscal years 2023 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 Ijzer?
What happened at Ter Ijzer in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 459,680 (▼ 15% vs 2024). Source: NBB ↗
- New establishment in Ledegem. KBO
- Start of the company according to the CBE. KBO
In short
From € 39,624 profit in 2023 to € 459,680 profit in 2025.
Paid € 36,587 in corporate taxes since 2023.
Best year ever: 2024, with € 543,281 profit.
On average € 263,700 of value added per employee in 2025.
Management
Behind Ter Ijzer is Peter Caset. It owns 100% of GRWestkust itself.
Directors
According to the 2025 annual accounts
Peter Caset
Director
Also active at: Stella, GHENT DREDGING, V.B.I., BILTERIJST, Theo Coertjens International, The Fair Experts, REGIONALE MEDIA MAATSCHAPPIJ, STELVANK +14 more
Establishments
Establishment units
Physical locations of this company
Kuipebosstraat 11
8880 Ledegem
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 6 companies are registered at this address.
All companies at this address →DR. KARIN STELLAMANS
€ 642,631 gross margin · 2025
Vangilles
€ 4,813 gross margin · 2025
STELVANK same network
€ 76,567 gross margin · 2025
Cassteman same network
€ 106,631 gross margin · 2025
KarPet
+1 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
- 0789.622.659
- VAT number
- BE 0789.622.659
- Registered office
- Kuipebosstraat 11, 8880 Ledegem
- Names & denominations
- Ter Ijzer
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 12 August 2022
- Peppol
- Active · Active since 8 Dec 2025
- Activities · NACE
Activiteiten van holdings
Holdings