TERRA CONCEPTION

Active

Private limited companyfounded 20233 yrs activeRue de l'Alliance(B) 171, 7300 Boussu, BelgiumKBO/BCE: BE 0800.384.018

Summary

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.

Risk analysisWatch Report Compare

TERRA CONCEPTIONActive

Risk analysis Report Compare

What they do

Site preparation

NACE 43120

1 site

How big

€104,141total assets 2023

Equity: €9,572
Profit: €4,572

Turnover not published (abridged schema)

Financially healthy?

Bankruptcy chance 12 m: 4.5%

2023 figures too old to score

Who decides

Accounts filed 30 d late0 of 2 deeds read

Signals- Limited track record- Higher-failure-rate sector- Annual accounts: weaker financial profile- Higher-failure-rate regionFiled after the deadlineShow the evidence

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

Limited track record

This company has not been active as long as an established one and statistically fails somewhat more often.

KBO · incorporation date

Age against the risk zone

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 →

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 2023

Solvency, return and age of the figures

Solvency

9.2%

Return on assets

4.4%

Age of the figures

33 mo

Higher-failure-rate region

In this region companies fail more often than in the rest of the country.

KBO · registered office

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 filing

Deviation 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)

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

30-08-24 Annual accounts filedfiscal year 2023 · micro…

Key points

Caution: Among the weakest 14% on solvencysector median 45.2% · 33,665 companies 9.2% View
Total assets 2023first fiscal year filed €104,141 View
Active since 2023founded 04-04-2023 3 years View