Equity
€294,703 ▲ 11.4%
TERRA has made a profit without a break since 2020.
TERRA
Lifetime
17 annual accounts with figures on one time axispeak €1.1m (2020)
€20,281▼ 33.2%
lowest -€832,585 (2017)
€30,258▲ 82.6%
peak €294,703 (2025)
€294,703▲ 11.4%
€10.5m▲ 60.0%
peak 3 FTE (2020)
-not published
Board2 names since 2022
-
Documentsfilings and deeds
28-01-20263 days before the deadline
2025abbreviated format
Gross margin from €30,366 to €20,281Result from €16,574 to €30,258Debts from €6.6m to €10.5mInvestments €102,737Cash from €102,454 to €156,597
Key points
from the 2025 annual accountsTurnover
≈ €140,000 estimated
The abbreviated format states no turnover.
Debts
€10.5m 87% of the balance sheet
Financial debts 75%Suppliers 0%Taxes and wages 0%Other 25%
€405,554 of the debts are secured on the company's own assets. In 2022 that was €570,235.
Filings
17 annual accounts since 2009
The last five annual accounts were filed 1 to 45 days before the end of the period.
At the same address
10 companies
Position in the sector
2.4%
Lower solvency than 90% of companies in repair and installation of machinery. Sector median 37.5% · 600 companies.
Checked score
85
Excellent
Financially stronger than 42% of medium-sized companies in repair and installation of machinery (NACE 33)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.3% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.4% across 35 companies (NACE 33, medium-sized).
About 3 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.5%
01-2025: 0.5%● unchanged vs 12-2024
02-2025: 0.5%● unchanged vs 01-2025
03-2025: 0.5%● unchanged vs 02-2025
04-2025: 0.5%● unchanged vs 03-2025
05-2025: 0.5%● unchanged vs 04-2025
06-2025: 0.5%● unchanged vs 05-2025
07-2025: 0.5%● unchanged vs 06-2025
08-2025: 0.5%● unchanged vs 07-2025
09-2025: 0.5%● unchanged vs 08-2025
10-2025: 0.6%▲ +0.1 percentage points vs 09-2025
11-2025: 0.8%▲ +0.2 percentage points vs 10-2025
12-2025: 0.9%▲ +0.1 percentage points vs 11-2025
01-2026: 1.0%▲ +0.1 percentage points vs 12-2025highest value
02-2026: 0.2%▼ -0.8 percentage points vs 01-2026lowest value
03-2026: 0.2%● unchanged vs 02-2026lowest value
04-2026: 0.2%● unchanged vs 03-2026lowest value
05-2026: 0.2%● unchanged vs 04-2026lowest value
06-2026: 0.2%● unchanged vs 05-2026lowest value
07-2026: 0.2%● unchanged vs 06-2026lowest value
08-2026: 0.2%● unchanged vs 07-2026
09-2026: 0.2%● unchanged vs 08-2026
10-2026: 0.3%▲ +0.1 percentage points vs 09-2026
11-2026: 0.3%● unchanged vs 10-2026
Financial strengthWeak
Score breakdown
raises risk
Sector: Repair, maintenance and installation of machinery and equipment (NACE 33)
Equity €294,703 (2.4% of total assets)
Liquidity: current ratio 4.43, cash €156,597
lowers risk
Size: total assets €12.1m
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 33, medium-sized). It does better than 9% of them on solvency, 74% on liquidity, 18% on profitability and 69% on growth.
The bankruptcy probability was computed on 08-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 30-06-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 190 companies had the same profile as TERRA has now. Each dot is one company, two years later.
97.9%
were still trading
1.6%
stopped another way
0.5%
went bankrupt
That fits the bankruptcy probability of TERRA itself: 0.3% within 12 months.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 190 companies, not a prediction for TERRA. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
Credit of up to €25,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 4.43 (3.47 in 2024), above the usual 1.5. Short-term debt is 18.9% and cash 1.3% of total assets. However, 97.6% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Six signals.
lowers riskraises riskneutral
raises risk · Weak solvency compared with the sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 10% of 600 sector peers (2025).
NBB · sector comparisonPosition among 600 sector peers
Solvency
better than 10%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 28-01-2026, 3 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
3 days early
2024
45 days early
2023
2 days early
2022
1 day early
2021
24 days early
2020
44 days early
2019
1 day early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 17 days before the deadline. In the sector (NACE 33), the median for financial year 2024 was 3 days before the deadline, and 39% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The financial year that closed on 30-06-2026 is due by 31-01-2027. Nothing is late today. The company usually files around 28 January (4 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
30-06-2026 year end09-11-2026 today31-01-2027 deadline
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0891830074
Registered office moved from Melle to Aalter
New registered office: Bellemstraat 165, 9880 Aalter · Previous registered office: Vijverwegel 79, 9090 Melle · Resignation: HANSSENS Guy (director) · General meeting of 20-12-2023 · Gazette deed
End & cessation
Resignation: Ferro BV (director) · Permanent representative: Guy Hanssens · Appointment: Guy Hanssens (director) · General meeting of 31-03-2023 · Gazette deed
First establishment
Vijverwegel 79, Merelbeke-Melle
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| TERRA Aalter | - | - | 2.4% | - |
| SOMATI FIE Aalst | €32.2m | 11.7% | 59.7% | 159.8 |
| COOR SERVICE MANAGEMENT Ghent | €12.7m | 6.7% | 55.6% | 72.8 |
| REMAKO INVEST Sint-Niklaas | €0.3m | 7.5% | 65.1% | 2.1 |
| Technical Talents Kortrijk | €23.1m | 11.7% | 19.7% | 154 |
| TMS INDUSTRIAL SERVICES Tienen | €35.2m | 2.3% | 27.5% | 261.1 |
| ATELIERS MARCEL LAMBERT Fleurus | €17.6m | 1.0% | 32.9% | 44.1 |
These companies have the same main activity as TERRA: repair and maintenance of machinery (NACE 33120). They are comparable in size and age: total assets between €7.4m and €19m, founded between 2003 and 2008.
Official details
Source: KBO- Status
- Active since 04-09-2007Normal situation
- Registered office
- 11 active companies are registered at this addressSource: KBO register, as of 9 November 2026.
- Activity
- Repair and maintenance of machineryNACE 33120and 5 others
- Joint committee
- 111Metal, mechanical and electrical engineering · annual accounts 30-06-2022
- Establishment unit
- 2.165.389.1019090 Merelbeke-Melle, since 17-09-2007
- Financial year end
- 30 June
- Peppol
- Reachable since 19-01-2026
Annual accounts to 30-06-2025
- €12.1m▲ 48.6%
- Filing
- Filed on 28-01-2026, 3 days before the end of the filing period
Insights on TERRA
TERRA files the abbreviated format. That format states no turnover. The gross margin fell from €26,159 in 2009 to €20,281 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about TERRA
- What is the company number of TERRA?
- The company number of TERRA is 0891.830.074. The VAT number is the same number with BE in front: BE 0891.830.074.
- Where is TERRA based?
- The registered office is at Bellemstraat 165, 9880 Aalter.Company details
- What does TERRA do?
- According to the KBO register, the main activity is repair and maintenance of machinery (NACE 33120).
- What is the legal form of TERRA?
- TERRA is a private limited company (BV).
- When was TERRA founded?
- TERRA was founded on 04-09-2007.
- Is TERRA still active?
- Yes, TERRA is an active enterprise in the KBO register.
- How many employees does TERRA have?
- TERRA had an average of 0.4 full-time equivalents in financial year 2022, according to the filed annual accounts.Financials
- Which joint committee does TERRA fall under?
- In its 30-06-2022 annual accounts, TERRA states joint committee 111 (Metal, mechanical and electrical engineering).
- What is the turnover of TERRA?
- The turnover in financial year 2025 is ≈ €140,000. This figure is estimated from the gross margin of €20,281 and 2,728 comparable companies of the same size. It probably lies between €57,000 and €340,000. It is a rough estimate.
- Is TERRA profitable?
- In financial year 2025, TERRA made a profit of €30,258.
- Where can I find the annual accounts of TERRA?
- TERRA filed 17 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of TERRA due?
- TERRA must file the annual accounts for financial year 2026 by 31-01-2027.Timeline
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