TERRA
Open bankruptcySummary
A bankruptcy procedure is open for TERRA according to publications in the Belgian State Gazette. The 2022 annual accounts show negative equity (-€63,755) and a net result of -€23,328.
Are you a creditor?
Open bankruptcy
Source: Belgian Official Gazette
If this company owes you money, you are not paid automatically: you file your claim yourself, within the deadline the judgment sets.
The procedure
- Court
- Enterprise Court of Liège, Liège division
- Declared bankrupt
- 22 December 2023
- Supervising judge
- Michel Devalckeneer
- Official Gazette
- 10-01-2024 (pdf) ↗search the document for 2024/100604
Deadlines
- File the claim in RegSol until
- passed on 21 January 2024art. XX.104 and XX.155 CEL
- Appeal or third-party opposition until
- passed on 25 January 2024Fifteen days after the publication in the Official Gazette.art. XX.108 CEL
- First verification report
- passed on 8 February 2024Goods that belong to you, such as those delivered under retention of title, are reclaimed before this day.art. XX.104 and XX.194 CEL
- Late claim until
- passed on 22 December 2024Late, you share only in what has not been paid out yet, and the costs are yours.art. XX.165 CEL
Curators
- Murielle DelforgeClos Du Sartay 11, 4053 Embourgm.delforge@avocat.be
- Damien RidelleClos Du Sartay 11, 4053 Embourgd.ridelle@avocat.be
What to do now
- Do not deliver on credit any more without an agreement with the curator.
- Gather your documents: invoices, purchase orders, contract, delivery notes and reminders.
- File your proof of claim in RegSol (regsol.be), yourself with eID or itsme, or through your lawyer. State principal, interest and costs separately, and any preferential right you hold.
- Delivered under retention of title? Reclaim your goods before the first report on the verification of claims.
- Ask your accountant about the VAT on the unpaid invoices: in a bankruptcy it can be recovered under conditions.
- Follow the file in RegSol: the verification report (admitted or disputed) and the curator's reports appear there.
The deadlines above come from the publication of the judgment. Check them in RegSol before you file anything; a passed deadline no longer applies.
File a claim in RegSol ↗
Watch
Follow this bankruptcy: you are alerted when it is closed or reversed.
General information, not legal advice. If in doubt, the curator, your lawyer or your accountant can help.Creditor guide for this company
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Signals
Three signals. The signal on the left, the evidence on the right.
+raises risk○neutral
neutral · Filed after the deadline
The financial year that closed on 31-12-2022 was due by 31-07-2023 and was filed on 18-08-2023, 18 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 · 5 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
18 d late
2021
23 d late
2020
30 d late
2019
32 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 4 accounts on average 26 days after the deadline; the sector median for financial year 2024 is 6 days after the deadline, and 52% of the sector filed late.
Checked, nothing found (1)
History
Go further with this company
Who ran this company, and where was it based, on a date before the end?Company as of a date Is the registered address a letterbox address or a business centre?Addresses Are there other customers at risk in your own list?List enrichment How is the Full-service restaurants sector doing?Sector figures
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2022, micro schema
Turnover
€0
2019 · €0
Total assets
€121,398▲ 1.0%
2021 · €120,232
Net result
-€23,328▲ 9.6%
2021 · -€25,812
Working capital
-€146,827▼ 5.6%
2021 · -€139,011
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 56, Food and beverage service activities, 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
Line20182019202020212022
Turnover€0€0
Operating result€5,143-€2,261▼ 56.0%-€13,512-€20,930▼ 54.9%-€12,293▲ 41.3%
Net result€2,377--€3,038-€20,154below the sector's middle half▼ 563%-€25,812below the sector's middle half▼ 28.1%-€23,328below the sector's middle half▲ 9.6%
Equity€8,577-€5,539▼ 35.4%-€14,615below the sector's middle half-€40,427below the sector's middle half▼ 177%-€63,755below the sector's middle half▼ 57.7%
Total assets€123,596-€130,452▲ 5.5%€132,997within the sector's middle half▲ 2.0%€120,232within the sector's middle half▼ 9.6%€121,398within the sector's middle half▲ 1.0%
Debt€115,019-€124,913▲ 8.6%€147,612▲ 18.2%€160,659▲ 8.8%€185,152▲ 15.2%
Working capital-€29,735--€47,998▼ 61.4%-€93,793▼ 95.4%-€139,011▼ 48.2%-€146,827▼ 5.6%
Solvency6.9%-4.2%▼ 2.7pp-11.0%below the sector's middle half▼ 15.2pp-33.6%below the sector's middle half▼ 22.6pp-52.5%below the sector's middle half▼ 18.9pp
Staff (FTE)3-3.6▲ 20.0%4.9above the sector's middle half▲ 36.1%5.3▲ 8.2%5.3=
above
within
below
the middle half (P25 to P75) of NACE 56, Food and beverage service activities, 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 stays negative: a loss of €12,293 in 2022 against €20,930 in 2021; the loss shrinks.
Balance-sheet composition
2022 in colour, 2021 as the grey bar beneath
Assets €121,398
Fixed assets
€91,510 ▼ 13.5%
Current assets
€29,888 ▲ 107%
Key figures and ratios
EBITDA
€4,449▲
2021 · -€5,220
Cash flow
-€6,585▲
2021 · -€10,102
Current ratio
0.17▲
2021 · 0.09
Quick ratio
0.11▲
2021 · 0.06
Debt to equity
-2.90▲
2021 · -3.97
ROA
-19.2%▲
2021 · -21.5%
Interest coverage
0.42▲
2021 · -1.07
Debt ≤ 1 year
€176,715▲
2021 · €153,441
Debt > 1 year
€0▼
2021 · €7,218
Income taxes
€434▲
2021 · €199
Staff costs
€211,903▲
2021 · €120,773
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | - | €0 | - | - | €0 | - |
| Goods, raw materials, services and sundry goods60/61 | - | - | - | - | €0 | - |
| Remuneration, social security and pensions62 | - | - | - | €120,773 | €211,903 | ▲ 75.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €10,449 | €13,098 | €14,627 | €15,710 | €16,743 | ▲ 6.6% |
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | - | - | - | €0 | - | - |
| Other operating charges640/8 | - | - | - | €2,320 | €1,225 | ▼ 47.2% |
| Gross operating margin9900 | €87,081 | €113,166 | €90,944 | €117,873 | €217,577 | ▲ 84.6% |
| Operating profit (loss)9901 | €5,143 | €2,261 | -€13,512 | -€20,930 | -€12,293 | ▲ 41.3% |
| Financial income75/76B | - | - | - | €175 | €116 | ▼ 33.8% |
| Recurring financial income75 | €239 | €0 | €1 | €175 | €116 | ▼ 33.8% |
| Financial charges65/66B | - | - | - | €4,857 | €10,716 | ▲ 121% |
| Recurring financial charges65 | €3,005 | €5,300 | €6,643 | €4,857 | €10,716 | ▲ 121% |
| Profit (loss) for the period before taxes9903 | €2,377 | -€3,038 | -€20,154 | -€25,613 | -€22,894 | ▲ 10.6% |
| Income taxes67/77 | - | - | - | €199 | €434 | ▲ 118% |
| Profit (loss) for the period9904 | €2,377 | -€3,038 | -€20,154 | -€25,812 | -€23,328 | ▲ 9.6% |
| Profit (loss) for the period to be appropriated9905 | €2,377 | -€3,038 | -€20,154 | -€25,812 | -€23,328 | ▲ 9.6% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €123,596 | €130,452 | €132,997 | €120,232 | €121,398 | ▲ 1.0% |
| Fixed assets21/28 | €107,787 | €104,471 | €110,108 | €105,802 | €91,510 | ▼ 13.5% |
| Intangible fixed assets21 | €800 | €600 | €400 | €200 | €0 | ▼ 100% |
| Tangible fixed assets22/27 | €103,945 | €100,830 | €106,667 | €102,561 | €88,468 | ▼ 13.7% |
| Plant, machinery and equipment23 | - | - | - | €34,265 | €28,870 | ▼ 15.7% |
| Furniture and vehicles24 | - | - | - | €68,296 | €59,599 | ▼ 12.7% |
| Other tangible fixed assets26 | - | - | - | €0 | €0 | - |
| Financial fixed assets28 | €3,041 | €3,041 | €3,041 | €3,041 | €3,041 | = |
| Current assets29/58 | €15,810 | €25,981 | €22,889 | €14,430 | €29,888 | ▲ 107% |
| Stocks and contracts in progress3 | €7,445 | €10,283 | €5,647 | €5,211 | €10,204 | ▲ 95.8% |
| Stocks30/36 | - | - | - | €5,211 | €10,204 | ▲ 95.8% |
| Amounts receivable within one year40/41 | €5,428 | €2,432 | €1,921 | €32 | €9,844 | ▲ 30,500% |
| Trade receivables40 | - | - | - | - | €9,844 | - |
| Other amounts receivable41 | - | - | - | €32 | €0 | ▼ 100% |
| Cash at bank and in hand54/58 | €1,596 | €12,713 | €14,631 | €9,187 | €9,760 | ▲ 6.2% |
| Deferred charges and accrued income490/1 | - | - | - | €0 | €80 | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €123,596 | €130,452 | €132,997 | €120,232 | €121,398 | ▲ 1.0% |
| Equity10/15 | €8,577 | €5,539 | -€14,615 | -€40,427 | -€63,755 | ▼ 57.7% |
| Contributions10/11 | €6,200 | €6,200 | - | €6,200 | €6,200 | = |
| Reserves13 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Non-distributable reserves130/1 | - | - | - | €1,860 | €1,860 | = |
| Reserves not available under the articles1311 | - | - | - | €1,860 | €1,860 | = |
| Profit (loss) carried forward14 | €517 | -€2,521 | -€22,675 | -€48,487 | -€71,815 | ▼ 48.1% |
| Amounts payable17/49 | €115,019 | €124,913 | €147,612 | €160,659 | €185,152 | ▲ 15.2% |
| Amounts payable after more than one year17 | €69,475 | €50,935 | €28,430 | €7,218 | €0 | ▼ 100% |
| Financial debts170/4 | - | - | - | €7,218 | €0 | ▼ 100% |
| Amounts payable within one year42/48 | €45,544 | €73,978 | €116,682 | €153,441 | €176,715 | ▲ 15.2% |
| Current portion of amounts payable after more than one year42 | - | - | - | €21,212 | €7,218 | ▼ 66.0% |
| Trade debts44 | €16,077 | €21,398 | €54,600 | €56,568 | €76,391 | ▲ 35.0% |
| Suppliers440/4 | - | - | - | €56,568 | €76,391 | ▲ 35.0% |
| Taxes, remuneration and social security45 | - | - | - | €34,935 | €65,650 | ▲ 87.9% |
| Taxes450/3 | - | - | - | €8,105 | €25,241 | ▲ 211% |
| Remuneration and social security454/9 | - | - | - | €26,830 | €40,408 | ▲ 50.6% |
| Other amounts payable47/48 | - | - | - | €40,725 | €27,456 | ▼ 32.6% |
| Accrued charges and deferred income492/3 | - | - | - | €0 | €8,437 | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €2,377 | -€3,038 | -€20,154 | -€25,812 | -€23,328 | ▲ 9.6% |
| + Depreciation and write-downs630 | €10,449 | €13,098 | €14,627 | €15,710 | €16,743 | ▲ 6.6% |
| Operating cash flow (approximation) | €12,826 | €10,060 | -€5,526 | -€10,102 | -€6,585 | ▲ 34.8% |
| Investment in fixed assets (approximation) | - | -€9,783 | -€20,264 | -€11,405 | -€2,450 | ▲ 78.5% |
| Change in cash | - | €11,117 | €1,918 | -€5,444 | €573 | ▲ 111% |
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
2024
10-01
Bankruptcy
Opening
Tribunal de l’entreprise de Liège, division Liège · event 22-12-2023
2023
18-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 18 days late
2022
23-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 23 days late
2021
31-12
Financial
Weakest financial yearnet -€25,812
Net result drops to -€25,812, the lowest in the series.
30-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 30 days late
2020
01-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 32 days late
2019
30-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 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
4 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, Liège · 2 establishment units since 2017
Ground area
1,065 m²
Building footprint
90 m²
Volume, LiDAR
1,265 m³
2 parcels, Wallonia · tallest building 16.1 m, ±5 floors. Linked by address, not a title deed.
4
companies at this address
See who is registered here
2 establishment units
TERRA
since 20172.268.353.215
TERRAE
since 20232.348.342.581
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 61043A0041/00T000indicative | Wallonia | 953 m² | - | - |
| 62810C1321/00C000 ProtectedMonument |
Wallonia | 112 m² | 1 · 89 m² | 16.1 m · 5 fl. |
Linked by address, not proof of ownership
Good to know
1 of 2 parcels 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.
Insolvency mandates
2 mandates| Role | Name | Tenure |
|---|---|---|
| Curator | MURIELLE DELFORGE CLOS DU SARTAY 11,
4053 EMBOURG |
22-12-2023 → present |
| Curator | DAMIEN RIDELLE CLOS
DU SARTAY 11, 4053 EMBOURG |
22-12-2023 → present |
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Of 20,505 companies in sector 56111 we hold annual accounts for 11,454. 5,324 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company (pre-2019)
Founded29-09-2017
Fiscal year end31-12
Activities, NACEBEL 2025
56111Full-service restaurants
E-invoicing
Not found in the Peppol register
No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.