EQUITERRE
ActiveSummary
EQUITERRE has been active since 2010 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €6.53M and a net result of €837k. Equity is growing by ~7.5% per year across the filed fiscal years. Its solvency ranks better than 29% of 4556 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability39▼-14
Solvency42▲+4
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €330k at 30 days acceptable
Liquidity short (current ratio 0.92 against 0.89 in 2024; short-term debt: 74.9% and cash: 0.7% of total assets), and 83.2% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Real estate activities (NACE 68)
about 43% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
16.8%
Return on assets
2.2%
Age of the figures
9 mo
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 28-08-2026, 28 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
28 d late
2024
28 d late
2023
29 d late
2022
60 d late
2021
31 d late
2020
30 d late
2019
105 d late
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
€4.64M
EBIT margin
39.4%
Net result
€837k▲ 363%
2024 · €181k
2019: €485k
2020: €583k▲ +20.3% vs 2019
2021: €808k▲ +38.5% vs 2020
2022: €411k▼ -49.1% vs 2021
2023: €-108k▼ -126% vs 2022lowest in 7 years
2024: €181k▲ +267% vs 2023
2025: €837k▲ +363% vs 2024highest in 7 years
2019 → 2025
Working capital
€-2.26M▲ 42.8%
2024 · €-3.96M
2019: €97k
2020: €-151k▼ -256% vs 2019
2021: €-549k▼ -263% vs 2020
2022: €2.39M▲ +535% vs 2021highest in 7 years
2023: €-5.93M▼ -348% vs 2022lowest in 7 years
2024: €-3.96M▲ +33.2% vs 2023
2025: €-2.26M▲ +42.8% vs 2024
2019 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€4.64M
Equity€5.16M-€5.57M▲ 8.0%€5.47M▼ 1.9%€5.70M▲ 4.2%€6.53M▲ 14.7%
2021: €5.16Mlowest in 5 years
2022: €5.57M▲ +8.0% vs 2021
2023: €5.47M▼ -1.9% vs 2022
2024: €5.70M▲ +4.2% vs 2023
2025: €6.53M▲ +14.7% vs 2024highest in 5 years
Operating result€1.30M-€858k▼ 34.1%€691k▼ 19.5%€1.83M▲ 165%€2.04M▲ 11.6%
2021: €1.30M
2022: €858k▼ -34.1% vs 2021
2023: €691k▼ -19.5% vs 2022lowest in 5 years
2024: €1.83M▲ +165% vs 2023
2025: €2.04M▲ +11.6% vs 2024highest in 5 years
Net result€808k-€411k▼ 49.1%€-108k€181k€837k▲ 363%
2021: €808k
2022: €411k▼ -49.1% vs 2021
2023: €-108k▼ -126% vs 2022lowest in 5 years
2024: €181k▲ +267% vs 2023
2025: €837k▲ +363% vs 2024highest in 5 years
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 12% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €38.78M
Fixed assets
€11.99M ▼ 9.6%
Current assets
€26.79M ▼ 12.3%
Equity and liabilities €38.78M
Equity
€6.53M ▲ 14.7%
Debt
€32.25M ▼ 15.4%
Debt's share of the balance-sheet total falls from 87.0% to 83.2%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€2.62M▲
2024 · €2.40M
Cash flow
€1.42M▲
2024 · €758k
Current ratio
0.92▲
2024 · 0.89
Quick ratio
0.37▲
2024 · 0.31
Debt to equity
4.94▼
2024 · 6.69
ROE
12.8%▲
2024 · 3.2%
ROA
2.2%▲
2024 · 0.4%
Interest coverage
2.08▲
2024 · 1.26
Debt ≤ 1 year
€29.05M▼
2024 · €34.52M
Debt > 1 year
€3.15M▼
2024 · €3.46M
Income taxes
€225k▲
2024 · €62k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 83 lines
Balance sheet
Code20242025
Assets
Total assets20/58€43.82M€38.78M▼
Fixed assets21/28€13.27M€11.99M▼
Tangible fixed assets22/27€13.27M€11.99M▼
Land and buildings22€13.26M€11.99M▼
Furniture and vehicles24€1k€971▼
Financial fixed assets28-€2k
Current assets29/58€30.56M€26.79M▼
Amounts receivable after more than one year29€5.40M€5.40M=
Other amounts receivable291€5.40M€5.40M=
Stocks and contracts in progress3€20.02M€15.99M▼
Stocks30/36€8.84M€8.59M▼
Property held for sale35€8.84M-
Contracts in progress37€11.18M€7.40M▼
Amounts receivable within one year40/41€4.82M€4.83M▲
Trade receivables40€46k€271k▲
Other amounts receivable41€4.77M€4.56M▼
Cash at bank and in hand54/58€9k€271k▲
Deferred charges and accrued income490/1€308k€294k▼
Equity and liabilities
Total equity and liabilities10/49€43.82M€38.78M▼
Equity10/15€5.70M€6.53M▲
Contributions10/11€753k€753k=
Capital10€753k€753k=
Issued capital100€753k€753k=
Revaluation surpluses12€50k€50k=
Reserves13€522k€943k▲
Non-distributable reserves130/1€75k€75k=
Legal reserve130€75k€75k=
Tax-exempt reserves132€446k€421k▼
Distributable reserves133-€446k
Profit (loss) carried forward14€4.37M€4.79M▲
Amounts payable17/49€38.13M€32.25M▼
Amounts payable after more than one year17€3.46M€3.15M▼
Financial debts170/4€3.46M€3.14M▼
Credit institutions173€3.46M-
Other amounts payable178/9-€9k
Amounts payable within one year42/48€34.52M€29.05M▼
Current portion of amounts payable after more than one year42€311k€314k▲
Financial debts43€33.73M€28.05M▼
Credit institutions430/8€33.73M€28.05M▼
Trade debts44€252k€256k▲
Suppliers440/4€252k€256k▲
Advances received on contracts in progress46€224k€428k▲
Taxes, remuneration and social security45€3k€10k▲
Taxes450/3€3k€10k▲
Other amounts payable47/48€4k€0▼
Accrued charges and deferred income492/3€150k€44k▼
Income statement
Code20242025
Operating income70/76A€3.53M-
Turnover70€4.64M-
Change in stocks of work in progress, finished goods and contracts in progress71€-1.43M-
Other operating income74€301k-
Non-recurring operating income76A€10k€420k▲
Operating charges60/66A€1.70M-
Goods for resale, raw materials and consumables60€811k-
Purchases600/8€1.06M-
Change in stocks: decrease (increase)609€-250k-
Services and other goods61€242k-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€578k€582k▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€-22k€0▲
Other operating charges640/8€91k€13k▼
Gross operating margin9900-€2.63M
Operating profit (loss)9901€1.83M€2.04M▲
Financial income75/76B€331k€280k▼
Recurring financial income75€331k€280k▼
Income from financial fixed assets750€0-
Income from current assets751€292k-
Other financial income752/9€40k-
Financial charges65/66B€1.92M€1.26M▼
Recurring financial charges65€1.92M€1.26M▼
Debt charges650€1.91M-
Other financial charges652/9€6k-
Profit (loss) for the period before taxes9903€243k€1.06M▲
Income taxes67/77€62k€225k▲
Taxes670/3€62k-
Profit (loss) for the period9904€181k€837k▲
Transfer from tax-exempt reserves789-€446k
Transfer to tax-exempt reserves689-€421k
Profit (loss) for the period to be appropriated9905€181k€862k▲
Appropriation of the result
Profit (loss) to be appropriated9906€4.38M€5.23M▲
Profit (loss) brought forward from the previous period14P€4.19M€4.37M▲
Transfer to equity691/2€3k€446k▲
To the legal reserve6920€3k€0▼
To other reserves6921-€446k
Social balance
Average headcount (FTE)9087-0.0
The notes to these accounts (20 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Operating income70/76A | - | - | - | €3.53M | - | - |
| Turnover70 | - | - | - | €4.64M | - | - |
| Change in stocks of work in progress, finished goods and contracts in progress71 | - | - | - | €-1.43M | - | - |
| Other operating income74 | - | - | - | €301k | - | - |
| Non-recurring operating income76A | - | - | - | €10k | €420k | ▲ 4,104% |
| Operating charges60/66A | - | - | - | €1.70M | - | - |
| Goods for resale, raw materials and consumables60 | - | - | - | €811k | - | - |
| Purchases600/8 | - | - | - | €1.06M | - | - |
| Change in stocks: decrease (increase)609 | - | - | - | €-250k | - | - |
| Services and other goods61 | - | - | - | €242k | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €230k | €256k | €477k | €578k | €582k | ▲ 0.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | €22k | €-22k | €0 | ▲ 100% |
| Other operating charges640/8 | €148k | €65k | €51k | €91k | €13k | ▼ 85.2% |
| Non-recurring operating charges66A | - | €77k | €0 | - | - | - |
| Gross operating margin9900 | €1.68M | €1.26M | €1.24M | - | €2.63M | - |
| Operating profit (loss)9901 | €1.30M | €858k | €691k | €1.83M | €2.04M | ▲ 11.6% |
| Financial income75/76B | €32k | €121 | €74k | €331k | €280k | ▼ 15.4% |
| Recurring financial income75 | €6k | €121 | €74k | €331k | €280k | ▼ 15.4% |
| Income from financial fixed assets750 | - | - | - | €0 | - | - |
| Income from current assets751 | - | - | - | €292k | - | - |
| Other financial income752/9 | - | - | - | €40k | - | - |
| Non-recurring financial income76B | €26k | - | - | - | - | - |
| Financial charges65/66B | €265k | €362k | €860k | €1.92M | €1.26M | ▼ 34.3% |
| Recurring financial charges65 | €253k | €354k | €860k | €1.92M | €1.26M | ▼ 34.3% |
| Debt charges650 | - | - | - | €1.91M | - | - |
| Other financial charges652/9 | - | - | - | €6k | - | - |
| Non-recurring financial charges66B | €12k | €8k | - | - | - | - |
| Profit (loss) for the period before taxes9903 | €1.07M | €496k | €-95k | €243k | €1.06M | ▲ 338% |
| Transfer from deferred taxes780 | €9k | €26k | €0 | - | - | - |
| Income taxes67/77 | €269k | €111k | €14k | €62k | €225k | ▲ 265% |
| Taxes670/3 | - | - | - | €62k | - | - |
| Profit (loss) for the period9904 | €808k | €411k | €-108k | €181k | €837k | ▲ 363% |
| Transfer from tax-exempt reserves789 | €23k | €50k | €0 | - | €446k | - |
| Transfer to tax-exempt reserves689 | €415k | €31k | €0 | - | €421k | - |
| Profit (loss) for the period to be appropriated9905 | €415k | €431k | €-108k | €181k | €862k | ▲ 377% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €27.58M | €26.21M | €47.75M | €43.82M | €38.78M | ▼ 11.5% |
| Fixed assets21/28 | €5.77M | €5.48M | €13.69M | €13.27M | €11.99M | ▼ 9.6% |
| Tangible fixed assets22/27 | €5.77M | €5.48M | €13.69M | €13.27M | €11.99M | ▼ 9.6% |
| Land and buildings22 | €5.77M | €5.48M | €13.69M | €13.26M | €11.99M | ▼ 9.6% |
| Furniture and vehicles24 | - | - | €2k | €1k | €971 | ▼ 25.2% |
| Financial fixed assets28 | - | - | - | - | €2k | - |
| Current assets29/58 | €21.81M | €20.73M | €34.05M | €30.56M | €26.79M | ▼ 12.3% |
| Amounts receivable after more than one year29 | - | - | €5.40M | €5.40M | €5.40M | = |
| Other amounts receivable291 | - | - | €5.40M | €5.40M | €5.40M | = |
| Stocks and contracts in progress3 | €13.04M | €13.31M | €21.20M | €20.02M | €15.99M | ▼ 20.1% |
| Stocks30/36 | - | - | €8.59M | €8.84M | €8.59M | ▼ 2.8% |
| Property held for sale35 | - | - | - | €8.84M | - | - |
| Contracts in progress37 | €13.04M | €13.31M | €12.61M | €11.18M | €7.40M | ▼ 33.8% |
| Amounts receivable within one year40/41 | €8.71M | €6.41M | €6.64M | €4.82M | €4.83M | ▲ 0.3% |
| Trade receivables40 | €22k | €404k | €73k | €46k | €271k | ▲ 484% |
| Other amounts receivable41 | €8.69M | €6.00M | €6.57M | €4.77M | €4.56M | ▼ 4.5% |
| Cash at bank and in hand54/58 | €65k | €1.01M | €738k | €9k | €271k | ▲ 3,076% |
| Deferred charges and accrued income490/1 | - | €1k | €75k | €308k | €294k | ▼ 4.8% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €27.58M | €26.21M | €47.75M | €43.82M | €38.78M | ▼ 11.5% |
| Equity10/15 | €5.16M | €5.57M | €5.47M | €5.70M | €6.53M | ▲ 14.7% |
| Contributions10/11 | €753k | €753k | €753k | €753k | €753k | = |
| Capital10 | €753k | €753k | €753k | €753k | €753k | = |
| Issued capital100 | €753k | €753k | €753k | €753k | €753k | = |
| Revaluation surpluses12 | - | - | - | €50k | €50k | = |
| Reserves13 | €517k | €519k | €519k | €522k | €943k | ▲ 80.7% |
| Non-distributable reserves130/1 | €51k | €73k | €73k | €75k | €75k | = |
| Legal reserve130 | €51k | €73k | €73k | €75k | €75k | = |
| Tax-exempt reserves132 | €466k | €446k | €446k | €446k | €421k | ▼ 5.7% |
| Distributable reserves133 | - | - | - | - | €446k | - |
| Profit (loss) carried forward14 | €3.89M | €4.30M | €4.19M | €4.37M | €4.79M | ▲ 9.5% |
| Provisions and deferred taxes16 | €26k | - | - | - | - | - |
| Deferred taxes168 | €26k | - | - | - | - | - |
| Amounts payable17/49 | €22.39M | €20.64M | €42.28M | €38.13M | €32.25M | ▼ 15.4% |
| Amounts payable after more than one year17 | - | €2.27M | €2.13M | €3.46M | €3.15M | ▼ 8.8% |
| Financial debts170/4 | - | €2.27M | €2.13M | €3.46M | €3.14M | ▼ 9.1% |
| Credit institutions173 | - | - | - | €3.46M | - | - |
| Other amounts payable178/9 | - | - | - | - | €9k | - |
| Amounts payable within one year42/48 | €22.36M | €18.34M | €39.99M | €34.52M | €29.05M | ▼ 15.8% |
| Current portion of amounts payable after more than one year42 | €150k | €239k | €142k | €311k | €314k | ▲ 1.2% |
| Financial debts43 | €20.67M | €17.88M | €32.77M | €33.73M | €28.05M | ▼ 16.8% |
| Credit institutions430/8 | €20.67M | €17.88M | €32.77M | €33.73M | €28.05M | ▼ 16.8% |
| Trade debts44 | €1.17M | €101k | €6.86M | €252k | €256k | ▲ 1.7% |
| Suppliers440/4 | €1.17M | €101k | €6.86M | €252k | €256k | ▲ 1.7% |
| Advances received on contracts in progress46 | €141k | €104k | €212k | €224k | €428k | ▲ 91.3% |
| Taxes, remuneration and social security45 | €221k | €79 | €0 | €3k | €10k | ▲ 204% |
| Taxes450/3 | €221k | €79 | €0 | €3k | €10k | ▲ 204% |
| Other amounts payable47/48 | €6k | €10k | €4k | €4k | €0 | ▼ 100% |
| Accrued charges and deferred income492/3 | €27k | €30k | €167k | €150k | €44k | ▼ 70.8% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €808k | €411k | €-108k | €181k | €837k | ▲ 363% |
| + Depreciation and write-downs630 | €230k | €256k | €477k | €578k | €582k | ▲ 0.7% |
| Operating cash flow (approximation) | €1.04M | €667k | €369k | €758k | €1.42M | ▲ 87.0% |
| Investment in fixed assets (approximation) | - | €27k | €-8.69M | €-149k | €688k | ▲ 562% |
| Change in cash | - | €944k | €-272k | €-729k | €263k | ▲ 136% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
28-08
NBB filing
Annual accounts filed
fiscal year 2025 · full schema · 28 days late
2025
31-12
Financial
Highest result since 2019net €837k ▲363%
Operating result €2.04M, net result €837k, both a record.
28-08
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 28 days late
2024
31-12
Financial
Back to profitnet €181k
Net result €181k after one loss-making year.
29-08
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 29 days late
2023
31-12
Financial
Weakest financial yearnet €-108k
Net result drops to €-108k, the lowest in the series; recovery starts the following year.
29-09
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 60 days late
2022
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 31 days late
2021
31-12
Financial
Equity above €5MEq €5.16M ▲18.7%
3 profitable years in a row build equity to €5.16M.
30-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 30 days late
2020
13-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 105 days late
2019
28-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 28 days late
2018
30-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 30 days late
2017
30-05
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 6 acts read
About the unread acts
We know of 6 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
6 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Leuven · 1 establishment unit since 2010
Ground area
1,410 m²
Building footprint
347 m²
Volume, LiDAR
4,883 m³
Parcel 24502B0963/00X000, Flanders · tallest building 20.2 m, ±5 floors. Linked by address, not a title deed.
22
companies at this address
See who is registered here
1 establishment unit
EQUITERRE
since 20102.194.184.144
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24502B0963/00X000 | Flanders | 1,410 m² | 1 · 347 m² | 20.2 m · 5 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
1 of these parcels carry protected heritage: expect extra rules on renovation or sale.
Recognitions · licences · registrations
Legal Entity Identifier
875500HE3Z4JZKWVLG96
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Identification & contact
Identification
Legal formPublic limited company
Founded27-08-2010
Fiscal year end31-12
Activities, NACEBEL 2025
68110Buying and selling of own real estate
Scores and ratios are computed by Checked and are not a credit decision.