What does Ter Ijzer do?

Ter Ijzer is registered with the CBE as active in: Activiteiten van holdings. Public Limited, started on 12 August 2022, 1 establishment.

What is the address of Ter Ijzer?

The registered office of Ter Ijzer is located at Kuipebosstraat 11, 8880 Ledegem.

Is Ter Ijzer still active?

Yes. According to the CBE (29 October 2026) Ter Ijzer is active, legal situation “Normale toestand”, started on 12 August 2022.

Is Ter Ijzer registered on Peppol?

Yes, Ter Ijzer is registered on the Peppol network with ID 0208:0789622659.

What is the enterprise number of Ter Ijzer?

The enterprise number of Ter Ijzer is BE0789622659.

When was Ter Ijzer founded?

Ter Ijzer was founded on 12 August 2022.

Who are the directors of Ter Ijzer?

According to the 2025 annual accounts, the directors of Ter Ijzer are: Peter Caset.

Is Ter Ijzer a reliable company?

Databakkes does not pass judgement; this is what the sources say: Active according to the CBE since 12 August 2022; 3 annual accounts filed, latest fiscal year 2025; 1 directors known from the annual account.

How much profit did Ter Ijzer make in 2025?

Ter Ijzer posted a profit after taxes of € 459,680 in financial year 2025.

What is the revenue of Ter Ijzer?

As a small company, Ter Ijzer is not required to publish revenue in its annual accounts. In financial year 2025, its added value was € 263,726.

How much does an employee at Ter Ijzer earn?

The average wage cost per full-time employee at Ter Ijzer was € 74,900 in 2025: staff costs of € 74,864 for 1 FTE, according to the annual account at the National Bank. That is the employer's cost, not net pay.

How many employees does Ter Ijzer have?

According to the 2025 annual accounts, Ter Ijzer has 1 full-time equivalents (FTE).

Ter Ijzer (Public Limited) - Ledegem - BE0789622659

Dossier Ter Ijzer, printed on 29 October 2026 from databakkes.be/en/0789622659/ter-ijzer. Sources: CBE, National Bank of Belgium, Belgian Official Gazette.

Warning lights

Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.

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.

What it is worth Growing

€ 2 million

▲ 29% vs 2024

Assets minus debts, by the books. What is left if everything were sold and paid today.

Profit Healthy

€ 459,680

▼ 15% vs 2024

Profit after tax over the fiscal year.

Cash in the bank

€ 15,334

▼ 63% vs 2024

Cash and bank balances on the last day of the fiscal year.

Where the profit goes Growing

Stays in the company

No dividend for 2025. Retained profit grew to € 1 million.

People and assets in 2025

Full-time equivalents

Average over the fiscal year, from the social balance sheet.

Wage cost

€ 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.

Vehicles and equipment

€ 29,066

▼ 22% vs 2024

Of which on lease € 29,066.

Debts at end 2025

Bank debt ≈ 6 years to go The accounts give the long-term loan and the part due within the year. The remainder divided by that part is the number of years at an equal pace; a new loan or early repayment changes it.

€ 859,795

▼ 31% vs 2024

€ 135,266 is repaid this year. At this pace the long-term loan is gone in ≈ 6 years.

Owed to suppliers

€ 716

▼ 31% vs 2024

Supplier invoices still open on the last day of the fiscal year.

Taxes and wages

€ 52,795

▲ 14% vs 2024

Taxes, VAT and social contributions still to pay.

Key figures per fiscal year Download key figures (CSV)
	2023	2024	2025	Change 2024 → 2025
Gross margin	€ 218,090 Gross margin 2023: € 218,090 First fiscal year in the series	€ 263,990 Gross margin 2024: € 263,990 ▲ 21% vs 2023 (€ 218,090) Favourable step	€ 263,726 Gross margin 2025: € 263,726 Unchanged (€ 263,990) Unfavourable step
Profit after taxes	€ 39,624 Profit after taxes 2023: € 39,624 First fiscal year in the series	€ 543,281 Profit after taxes 2024: € 543,281 ▲ € 503,657 vs 2023 (€ 39,624) Favourable step	€ 459,680 Profit after taxes 2025: € 459,680 ▼ 15% vs 2024 (€ 543,281) Unfavourable step	▼ 15%
Equity	€ 1,039,624 Equity 2023: € 1,039,624 First fiscal year in the series	€ 1,582,905 Equity 2024: € 1,582,905 ▲ 52% vs 2023 (€ 1,039,624) Favourable step	€ 2,042,584 Equity 2025: € 2,042,584 ▲ 29% vs 2024 (€ 1,582,905) Favourable step	▲ 29%
Total debts	€ 4,606,008 Total debts 2023: € 4,606,008 First fiscal year in the series	€ 4,117,946 Total debts 2024: € 4,117,946 ▼ 11% vs 2023 (€ 4,606,008) Favourable step	€ 3,623,694 Total debts 2025: € 3,623,694 ▼ 12% vs 2024 (€ 4,117,946) Favourable step	▼ 12%
Cash	€ 62,014 Cash 2023: € 62,014 First fiscal year in the series	€ 41,560 Cash 2024: € 41,560 ▼ 33% vs 2023 (€ 62,014) Unfavourable step	€ 15,334 Cash 2025: € 15,334 ▼ 63% vs 2024 (€ 41,560) Unfavourable step	▼ 63%
Retained profit	€ 39,624 Retained profit 2023: € 39,624 First fiscal year in the series	€ 582,905 Retained profit 2024: € 582,905 ▲ € 543,281 vs 2023 (€ 39,624) Favourable step	€ 1,042,584 Retained profit 2025: € 1,042,584 ▲ 79% vs 2024 (€ 582,905) Favourable step	▲ 79%
Bank debt	€ 2,177,083 Bank debt 2023: € 2,177,083 First fiscal year in the series	€ 1,244,655 Bank debt 2024: € 1,244,655 ▼ 43% vs 2023 (€ 2,177,083) Favourable step	€ 859,795 Bank debt 2025: € 859,795 ▼ 31% vs 2024 (€ 1,244,655) Favourable step	▼ 31%
Balance sheet total	€ 5,645,632 Balance sheet total 2023: € 5,645,632 First fiscal year in the series	€ 5,700,850 Balance sheet total 2024: € 5,700,850 ▲ 1% vs 2023 (€ 5,645,632) Unchanged	€ 5,666,278 Balance sheet total 2025: € 5,666,278 ▼ 1% vs 2024 (€ 5,700,850) Unchanged	▼ 1%
Employees (FTE)	0.2 Employees (FTE) 2023: 0.2 First fiscal year in the series	1 Employees (FTE) 2024: 1 ▲ 0.8 vs 2023 (0.2) Unchanged	1 Employees (FTE) 2025: 1 Unchanged (1) Unchanged

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:

Jul 10, 2026 New annual accounts for financial year 2025: profit of € 459,680 (▼ 15% vs 2024). Source: NBB ↗
Jul 13, 2023 New establishment in Ledegem. KBO
Aug 12, 2022 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.

Original PDFs at the National Bank ↗

Management

Peter Caset

Ter Ijzer

GRWestkust 100%

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

Registered office

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.

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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

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

View on CBE Public ↗ Annual accounts (NBB) ↗

Ter Ijzer

Warning lights

Financials

What happened to Ter Ijzer?

Management

Directors

Establishments

Establishment units

Who else lives here?

Details

Frequently asked questions