TERAZZO
ActiveSummary
The computed 12-month bankruptcy probability of TERAZZO is 3.3% (moderate). The 2024 annual accounts show negative equity (-€2,261) and a net result of €18,515. Equity is growing by ~108% per year across the filed fiscal years. Its solvency ranks better than 10% of 9975 sector peers (fiscal year 2024). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
Axes · tick = 2023
Profitability100=
Solvency19▲+19
Growth78=
Track record94
Bankruptcy probability, 12 months
3.3%
Moderate
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.69 against 0.5 in 2023; short-term debt: 71.8% and cash: 1.9% of total assets), and equity is negative.
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Signals
Six signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 41
Relative position
BE, all sectors
reference
Construction of residential and non-residential buildings (NACE 41)
about 67% more bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
-6.3%
Return on assets
51.6%
Age of the figures
21 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 10% of 9975 sector peers (2024).
NBB · sector comparisonPosition among 9975 sector peers
Solvency
better than 10%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 14-07-2025, 17 days ahead of the deadline.
NBB · 3 filingsDeviation from the deadline
2025
not confirmed
2024
17 d early
2023
30 d late
2022
396 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 3 accounts on average 136 days after the deadline; the sector median for financial year 2024 is on the deadline day, and 46% of the sector filed late.
Checked, nothing found (1)
History
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you trust this company with building work?Contractor check Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check How does this company compare with its sector?Sector benchmark
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Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2024, micro schema
Equity
-€2,261▲ 89.1%
2023 · -€20,776
Total assets
€35,864▼ 25.0%
2023 · €47,819
Net result
€18,515▼ 29.8%
2023 · €26,363
Working capital
-€7,874▲ 63.6%
2023 · -€21,612
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 41, Construction of residential and non-residential buildings, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line202220232024
Operating result-€64,709-€30,345€20,642▼ 32.0%
Net result-€67,139below the sector's middle half-€26,363above the sector's middle half€18,515within the sector's middle half▼ 29.8%
Equity-€47,139below the sector's middle half--€20,776below the sector's middle half▲ 55.9%-€2,261below the sector's middle half▲ 89.1%
Total assets€95,972within the sector's middle half-€47,819below the sector's middle half▼ 50.2%€35,864below the sector's middle half▼ 25.0%
Debt€143,111-€68,595▼ 52.1%€38,125▼ 44.4%
Working capital-€36,890below the sector's middle half--€21,612below the sector's middle half▲ 41.4%-€7,874below the sector's middle half▲ 63.6%
Solvency-49.1%below the sector's middle half--43.4%below the sector's middle half▲ 5.7pp-6.3%below the sector's middle half▲ 37.1pp
Current ratio0.63below the sector's middle half-0.50below the sector's middle half▼ 0.130.69below the sector's middle half▲ 0.19
Return on assets (ROA)-70.0%below the sector's middle half-55.1%above the sector's middle half▲ 125.1pp51.6%above the sector's middle half▼ 3.5pp
above
within
below
the middle half (P25 to P75) of NACE 41, Construction of residential and non-residential buildings, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2024; 2024 is 32% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €35,864
Fixed assets
€17,983 ▼ 31.4%
Current assets
€17,881 ▼ 17.2%
Key figures and ratios
EBITDA
€28,874▼
2023 · €38,577
Cash flow
€26,747▼
2023 · €34,594
Quick ratio
0.53▲
2023 · 0.12
Debt to equity
-16.86▼
2023 · -3.30
Interest coverage
13.58▲
2023 · 9.48
Debt ≤ 1 year
€25,755▼
2023 · €43,216
Debt > 1 year
€12,370▼
2023 · €25,379
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 1,021 companies that looked in July 2024 the way this one looks now, 5.8% went bankrupt within 24 months and 89% are still going.
- Micro
- 2 to 5 years old
- negative equity
- a profit of 5% of the balance sheet or more
5.8%
went bankrupt
4.0%
stopped otherwise
89%
still going
A further 1.6% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 3.3% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 1,021 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €2,250 | €8,232 | €8,232 | = |
| Other operating charges640/8 | €2,378 | €1,293 | €879 | ▼ 32.0% |
| Gross operating margin9900 | -€60,081 | €39,870 | €29,753 | ▼ 25.4% |
| Operating profit (loss)9901 | -€64,709 | €30,345 | €20,642 | ▼ 32.0% |
| Financial income75/76B | €0 | €88 | - | - |
| Recurring financial income75 | €0 | €88 | - | - |
| Financial charges65/66B | €2,430 | €4,070 | €2,127 | ▼ 47.7% |
| Recurring financial charges65 | €2,430 | €4,070 | €2,127 | ▼ 47.7% |
| Profit (loss) for the period before taxes9903 | -€67,139 | €26,363 | €18,515 | ▼ 29.8% |
| Profit (loss) for the period9904 | -€67,139 | €26,363 | €18,515 | ▼ 29.8% |
| Profit (loss) for the period to be appropriated9905 | -€67,139 | €26,363 | €18,515 | ▼ 29.8% |
| Line | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €95,972 | €47,819 | €35,864 | ▼ 25.0% |
| Fixed assets21/28 | €34,446 | €26,215 | €17,983 | ▼ 31.4% |
| Intangible fixed assets21 | €3,234 | €1,735 | €235 | ▼ 86.5% |
| Tangible fixed assets22/27 | €31,212 | €24,480 | €17,748 | ▼ 27.5% |
| Plant, machinery and equipment23 | €9,786 | €7,786 | €5,786 | ▼ 25.7% |
| Furniture and vehicles24 | €21,426 | €16,694 | €11,962 | ▼ 28.3% |
| Current assets29/58 | €61,526 | €21,604 | €17,881 | ▼ 17.2% |
| Stocks and contracts in progress3 | €58,133 | €16,400 | €4,192 | ▼ 74.4% |
| Stocks30/36 | €58,133 | €16,400 | €4,192 | ▼ 74.4% |
| Amounts receivable within one year40/41 | €3,393 | €3,913 | €13,022 | ▲ 233% |
| Trade receivables40 | €2,228 | €3,659 | €6,706 | ▲ 83.2% |
| Other amounts receivable41 | €1,165 | €254 | €6,316 | ▲ 2,389% |
| Cash at bank and in hand54/58 | €0 | €1,291 | €667 | ▼ 48.3% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €95,972 | €47,819 | €35,864 | ▼ 25.0% |
| Equity10/15 | -€47,139 | -€20,776 | -€2,261 | ▲ 89.1% |
| Contributions10/11 | €20,000 | €20,000 | €20,000 | = |
| Profit (loss) carried forward14 | -€67,139 | -€40,776 | -€22,261 | ▲ 45.4% |
| Amounts payable17/49 | €143,111 | €68,595 | €38,125 | ▼ 44.4% |
| Amounts payable after more than one year17 | €44,695 | €25,379 | €12,370 | ▼ 51.3% |
| Financial debts170/4 | €44,695 | €25,379 | €12,370 | ▼ 51.3% |
| Amounts payable within one year42/48 | €98,417 | €43,216 | €25,755 | ▼ 40.4% |
| Current portion of amounts payable after more than one year42 | €18,520 | €19,316 | €13,009 | ▼ 32.7% |
| Financial debts43 | €3,679 | €0 | - | - |
| Credit institutions430/8 | €3,679 | €0 | - | - |
| Trade debts44 | €25,720 | €11,317 | - | - |
| Suppliers440/4 | €25,720 | €11,317 | - | - |
| Taxes, remuneration and social security45 | €4,951 | €4,479 | €5,367 | ▲ 19.8% |
| Taxes450/3 | €4,951 | €4,479 | €5,367 | ▲ 19.8% |
| Other amounts payable47/48 | €45,547 | €8,105 | €7,379 | ▼ 9.0% |
| Line | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | -€67,139 | €26,363 | €18,515 | ▼ 29.8% |
| + Depreciation and write-downs630 | €2,250 | €8,232 | €8,232 | = |
| Operating cash flow (approximation) | -€64,889 | €34,594 | €26,747 | ▼ 22.7% |
| Investment in fixed assets (approximation) | - | €0 | €0 | - |
| Change in cash | - | €1,291 | -€624 | ▼ 148% |
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
2025
14-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 30 days late
30-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 396 days late
2023
31-12
Financial
Back to profitnet €26,363
Net result €26,363 after one loss-making year.
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 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
2 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, Mons · 1 establishment unit since 2021
Ground area
687 m²
Building footprint
53 m²
Volume, LiDAR
128 m³
Parcel 53053H1257/00A000, Wallonia · tallest building 6.1 m, ±1 floor. Linked by address, not a title deed.
20
companies at this address
See who is registered here
1 establishment unit
TERAZZO
since 20212.327.285.564
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 53053H1257/00A000 | Wallonia | 687 m² | 1 · 53 m² | 6.1 m · 1 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.
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This company's figures show no positive equity and no headcount, so a size comparison is not possible. These companies share only the sector and the region. Of 29,787 companies in sector 41001 we hold annual accounts for 16,052. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded09-11-2021
Fiscal year end31-12
Activities, NACEBEL 2025
41001General construction of residential buildings
43990Other specialised construction activities
95220Repair and maintenance of computers, personal and household goods, and motor vehicles and motorcycles
E-invoicing
Reachable via Peppol
Peppol ID
0208:0776974948
Also
9925:BE0776974948
Registered
18-12-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.