TERRA CONCEPTION
ActiveSummary
The computed 12-month bankruptcy probability of TERRA CONCEPTION is 4.5% (elevated). The 2023 annual accounts show equity of €9,572 and a net result of €4,572. Its solvency ranks better than 14% of 33665 sector peers (fiscal year 2023). The company has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
No current score
Figures too old
The available figures for FY 2023 are too old to assess current financial health.
Bankruptcy probability: Elevated
Axes, FY 2023
Profitability74
Solvency34
Growth-
Track record79
Bankruptcy probability, 12 months
4.5%
Elevated
0%0.5%1.5%4%10%≥ 25%
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Signals
Five 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 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% 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 2023Solvency, return and age of the figures
Solvency
9.2%
Return on assets
4.4%
Age of the figures
33 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2023 was due by 31-07-2024 and was filed on 30-08-2024, 30 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 · 1 filingDeviation from the deadline
2023
30 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its 2023 accounts 30 days after the deadline; the sector median for financial year 2023 is 1 day before the deadline, and 44% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2023, micro schema
Equity
€9,572
Total assets
€104,141
Net result
€4,572
Working capital
-€12,134
Turnover and EBIT margin not published: the micro schema does not require them.
Balance-sheet composition
Assets €103,903
Fixed assets
€92,976
Current assets
€10,926
Equity and liabilities €104,141
Equity
€9,572
Debt
€94,569
Debt finances 90.8% of the balance-sheet total.
Key figures and ratios
EBITDA
€17,775
Cash flow
€15,668
Current ratio
0.47
Debt to equity
9.88
ROE
47.8%
ROA
4.4%
Interest coverage
10.78
Debt ≤ 1 year
€23,061
Debt > 1 year
€71,498
Income taxes
€457
Annual accounts
| Line | 2023 |
|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €11,096 |
| Other operating charges640/8 | €569 |
| Gross operating margin9900 | €18,344 |
| Operating profit (loss)9901 | €6,679 |
| Financial income75/76B | €0 |
| Recurring financial income75 | €0 |
| Financial charges65/66B | €1,649 |
| Recurring financial charges65 | €1,649 |
| Profit (loss) for the period before taxes9903 | €5,029 |
| Income taxes67/77 | €457 |
| Profit (loss) for the period9904 | €4,572 |
| Profit (loss) for the period to be appropriated9905 | €4,572 |
| Line | 2023 | |
|---|---|---|
| Assets | ||
| Total assets20/58 | €104,141 | |
| Formation expenses20 | €238 | |
| Fixed assets21/28 | €92,976 | |
| Tangible fixed assets22/27 | €92,976 | |
| Plant, machinery and equipment23 | €6,862 | |
| Furniture and vehicles24 | €9,509 | |
| Leasing and similar rights25 | €76,606 | |
| Current assets29/58 | €10,926 | |
| Amounts receivable within one year40/41 | €2,360 | |
| Trade receivables40 | €2,062 | |
| Other amounts receivable41 | €298 | |
| Cash at bank and in hand54/58 | €8,139 | |
| Deferred charges and accrued income490/1 | €427 | |
| Equity and liabilities | ||
| Total equity and liabilities10/49 | €104,141 | |
| Equity10/15 | €9,572 | |
| Contributions10/11 | €5,000 | |
| Reserves13 | €4,572 | |
| Distributable reserves133 | €4,572 | |
| Amounts payable17/49 | €94,569 | |
| Amounts payable after more than one year17 | €71,498 | |
| Financial debts170/4 | €71,498 | |
| Amounts payable within one year42/48 | €23,061 | |
| Current portion of amounts payable after more than one year42 | €12,437 | |
| Trade debts44 | €7,791 | |
| Suppliers440/4 | €7,791 | |
| Taxes, remuneration and social security45 | €2,632 | |
| Taxes450/3 | €2,632 | |
| Other amounts payable47/48 | €200 | |
| Accrued charges and deferred income492/3 | €10 | |
| Line | 2023 |
|---|---|
| Profit (loss) for the period9904 | €4,572 |
| + Depreciation and write-downs630 | €11,096 |
| Operating cash flow (approximation) | €15,668 |
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
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 30 days late
NBB filing
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
No directors read yet: 0 of 2 Gazette acts processed. See the function holders in the CBE →
Location & real-estate footprint
Registered office, Boussu · 1 establishment unit since 2023
Ground area
313 m²
Building footprint
66 m²
Volume, LiDAR
501 m³
Parcel 53014B0990/00R276, Wallonia · tallest building 9.0 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
TERRA CONCEPTION
since 20232.344.677.268
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 53014B0990/00R276 | Wallonia | 313 m² | 1 · 66 m² | 9.0 m · 2 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.
Similar companies · same sector, comparable size
MARECHAL F. & FILS
BE 0535.908.172
Flémalle · Eq €9,604
U & D
BE 0876.690.255
Lokeren · Eq €9,604
ACQUA NET SERVICE
BE 0788.639.197
Vilvoorde · Eq €9,651
THOMAS VAN KERREBROECK
BE 0739.516.914
Aalter · Eq €9,484
ZDS CONSTRUCT
BE 0797.506.185
Waasmunster · Eq €9,464
Of 8,459 companies in this sector we hold annual accounts for 3,237. 1,465 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company details
Identification
Legal formPrivate limited company
Founded04-04-2023
Fiscal year end31-12
Activities, NACEBEL 2025
43120Site preparation
E-invoicing
Reachable via Peppol
Peppol ID
0208:0800384018
Registered
08-01-2026
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 1 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.