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 3 % of short-term debt in 2024; threshold 65 %.
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Legal situation KBO
Vrijwillige ontbinding – vereffening according to the CBE.
Financials
Financial year 2024
TerminalCo from Brugge, company number BE0889810890, closed financial year 2024 with a result of € 520,499 after tax. Compared with financial year 2023, the result moved from € -49,970 to € 520,499. Profitable, and profit is growing. 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 September 18, 2025.
€ -994,436
▲ € 520,499 vs 2023
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 520,499
▲ still € 49,970 loss in 2023
Profit after tax over the fiscal year.
€ 31,624
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2024. Retained profit grew to € -1.1 million.
People and assets in 2024
≈ 1
No payroll staff. One director, so that person most likely runs the business.
Debts at end 2024
None
No bank loans on the last day of the fiscal year.
€ 26,452
Supplier invoices still open on the last day of the fiscal year.
| 2021 | 2022 | 2023 | 2024 | Change 2023 → 2024 | |
|---|---|---|---|---|---|
| Gross margin | € 1,466,055 | € -4,264 | € -2,421 | - | |
| Profit after taxes | € 1,345,709 | € -11,736 | € -49,970 | € 520,499 | ▲ € 570,469 |
| Equity | € -1,453,229 | € -1,464,965 | € -1,514,935 | € -994,436 | ▲ € 520,499 |
| Total debts | € 1,543,501 | € 1,526,705 | € 1,547,652 | € 1,026,452 | ▼ 34% |
| Cash | € 86,092 | € 19,981 | € 31,624 | € 31,624 | |
| Retained profit | € -1,558,229 | € -1,569,965 | € -1,619,935 | € -1,099,436 | ▲ € 520,499 |
| Bank debt | € 408,664 | € 415,971 | € 434,966 | € 0 | ▼ 100% |
| Balance sheet total | € 90,273 | € 61,740 | € 32,717 | € 32,016 | ▼ 2% |
Key figures of TerminalCo, fiscal years 2021 to 2024, from the annual accounts filed with the National Bank of Belgium.The annual account for fiscal year 2025 has not been filed yet; it was expected before 31 July 2026.
What happened to TerminalCo?
What happened at TerminalCo in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
TerminalCo is active according to the CBE. Legal situation: Vrijwillige ontbinding – vereffening.
- New annual accounts for financial year 2024: profit of € 520,499. filed late Source: NBB ↗
- PHILIPPE TERMOTE became a director. NBB
- New establishment in Brugge. KBO
- Start of the company according to the CBE. KBO
In short
From € 1.3 million profit in 2021 to € 520,499 profit in 2024.
Paid € 27,678 in corporate taxes since 2021.
Best year ever: 2021, with € 1.3 million profit.
Management
Behind TerminalCo is PHILIPPE TERMOTE.
Directors
According to the 2024 annual accounts
PHILIPPE TERMOTE
Liquidator
since 2016
Establishments
Establishment units
Physical locations of this company
Hendrik van Minderhoutstraat 50
8380 Brugge
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 8 companies are registered at this address.
All companies at this address →CLdN
€ 1.4 million revenue · 2025
CLdN Ferries
€ 13.5 million revenue · 2025
CLdN Ports Zeebrugge
€ 102.5 million revenue · 2025
CLdN Tech
€ 3.9 million gross margin · 2025
CLdN RoRo Agencies
€ 5 million gross margin · 2025
+3 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
- 0889.810.890
- VAT number
- BE 0889.810.890
- Registered office
- Hendrik van Minderhoutstraat 50, 8380 Brugge
- Names & denominations
- TerminalCo
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Vrijwillige ontbinding – vereffening
- Start date
- 4 June 2007
- Peppol
- Not registered
- Activities · NACE
Vrachtbehandeling in zeehavens
Logistieke diensten
Expeditiekantoren
Overige vervoerondersteunende activiteiten