Terra Develop
The computed 12-month bankruptcy probability of Terra Develop is 2.8% (moderate). The 2024 annual accounts show equity of €24k and a net result of €5k. The company has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals.
| Equity | €24k |
| Net result | €5k |
| Active | 3 yrs |
| Locations | 1 |
Strong profile, led by profitability.
Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?
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See plans →| Fiscal year | 2024 |
|---|---|
| Revenue | - |
| EBITDA | €56k |
| Net profit | €5k |
| Cash flow | €46k |
| Staff costs | - |
| Income taxes | €2k |
| Dividends | - |
| Total assets | €6.93M |
| Equity | €24k |
| Debt | €6.91M |
| of which ≤ 1y | €1.18M |
| of which > 1y | €5.73M |
| Working capital | €4.85M |
| Employees (FTE) | - |
| 2024 | |
|---|---|
| Current ratio | 5.10 |
| Quick ratio | 0.01 |
| Working capital ratio | 70.0% |
| Solvency | 0.3% |
| Debt / equity | 292.15 |
| Long-term debt ratio | 242.12 |
| Interest coverage | 3.76 |
| Gross margin | - |
| Net margin | - |
| ROA | 0.1% |
| ROE | 20.6% |
| EBITDA margin | - |
| Days sales outstanding | - |
| Days payable outstanding | - |
| Inventory turnover | - |
| Days inventory (DSI) | - |
| Line item | Code | 2024 |
|---|---|---|
| Balance sheet, Assets | ||
| TOTAL ASSETS | 20/58 | €6.93M |
| Fixed assets | 21/28 | €896k |
| Tangible fixed assets | 22/27 | €896k |
| Current assets | 29/58 | €6.04M |
| Stocks & contracts in progress | 3 | €6.02M |
| Cash & bank | 54/58 | €11k |
| Balance sheet, Equity & liabilities | ||
| TOTAL EQUITY & LIABILITIES | 10/49 | €6.93M |
| Equity | 10/15 | €24k |
| Contributions / capital | 10/11 | €10k |
| Reserves | 13 | €14k |
| Amounts payable | 17/49 | €6.91M |
| Amounts payable after one year | 17 | €5.73M |
| Amounts payable within one year | 42/48 | €1.18M |
| Trade debts payable within one year | 44 | €6k |
| Income statement | ||
| Gross operating margin | 9900 | €57k |
| Operating result | 9901 | €16k |
| Financial income | 75 | €6k |
| Financial charges | 65 | €15k |
| Result before taxes | 9903 | €7k |
| Income taxes | 67/77 | €2k |
| Net result for the period | 9904 | €5k |
| Result to be appropriated | 9905 | €5k |
| NACE primary | - |
| Legal form | Private limited company(610) |
| Incorporation | 30-11-2022 |
| Status | Active |
| Postal code | 9240 |
Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 42028A1420/00E000 | Flanders | 1.3 ha | 1 · 3,752 m² | 11.5 m · 2 fl. |
A single timeline of everything that happened to this company, publications, insolvency and lifecycle events, administrative changes and filed annual accounts.
08-12-2023 1 director appointed, 1 resigning
- Koen Van Kerckhove, Bestuurder
- Koen Van Kerckhove, Bestuurder
Technical details
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"act_meta": {
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}Generate a structured, factual brief from every signal in this dossier: risk, financial health, ownership, mandates and sector comparison.
| Legal nameNL | Terra Develop |