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TERRA ELEC

Active
Private limited companyfounded 2009active for 17 yearsAvenue Zénobe Gramme 1, 1480 Tubize, BelgiumKBO/BCE: BE 0810.856.949
Summary

TERRA ELEC has been active since 2009 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €183,864 and a net result of €37,711. Equity remains stable across the filed financial years (±2.1% per year). Its solvency ranks better than 10% of 2,416 sector peers (NACE 43, financial year 2025). The computed 12-month bankruptcy probability is 0.8% (low).

Overview

Activity
General electrical installation work
NACE 43211
#4 company by staff growth in Tubize1 site
Size
€2.6mtotal assets 2025
Staff
50.5 FTE
Equity
€183,864
Profit
€37,711
Financial health
67 Healthy Checked score 2025
Bankruptcy probabilitywithin 12 months
0.8%
Structure
Parent
SODEMAIM · 80.65%
Accounts 49 days early0 of 18 deeds read
Why 67raises riskEquity €183,864 (7.0% of total assets)Sector: Specialised construction activities (NACE 43)Size: 50.5 FTE, total assets €2.6mlowers riskFounded in 2009Show the evidence

Checked score

Score 2025
67 / 100
Healthy
Probability in this band: 0.55% to 1.5%
Financially better than 32% of its sector peers (NACE 43, medium-sized)
Financial strength · tick = 2024
Weak
Solvency 32+2
equity 7.0% of total assets
Liquidity 15+7
short-term debt 87.1% · cash 11.0%
Profitability 41+41
return on assets 1.4%
Bankruptcy probability, 12 months
0.8% Low
0%0.5%1.5%4%10%≥ 25%

About 8 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.3% (242 companies, NACE 43, medium-sized)
Last 24 months 11-2024: 0.7% 12-2024: 0.7%● unchanged vs 11-2024 01-2025: 0.7%● unchanged vs 12-2024lowest value 02-2025: 0.7%● unchanged vs 01-2025 03-2025: 0.8%▲ +0.1 percentage points vs 02-2025 04-2025: 0.9%▲ +0.1 percentage points vs 03-2025 05-2025: 0.9%● unchanged vs 04-2025 06-2025: 0.9%● unchanged vs 05-2025 07-2025: 1.1%▲ +0.2 percentage points vs 06-2025 08-2025: 1.7%▲ +0.6 percentage points vs 07-2025 09-2025: 2.7%▲ +1.0 percentage point vs 08-2025 10-2025: 2.7%● unchanged vs 09-2025 11-2025: 2.7%● unchanged vs 10-2025 12-2025: 2.7%● unchanged vs 11-2025 01-2026: 2.7%● unchanged vs 12-2025 02-2026: 2.7%● unchanged vs 01-2026 03-2026: 3.0%▲ +0.3 percentage points vs 02-2026 04-2026: 3.2%▲ +0.2 percentage points vs 03-2026 05-2026: 3.2%● unchanged vs 04-2026 06-2026: 3.2%● unchanged vs 05-2026highest value 07-2026: 0.8%▼ -2.4 percentage points vs 06-2026 08-2026: 0.8%● unchanged vs 07-2026 09-2026: 0.8%● unchanged vs 08-2026 10-2026: 0.8%● unchanged vs 09-2026
Credit of up to €12,000 on 30-day terms is acceptable
Liquidity tight (current ratio 1.11, compared with 1.07 in 2024; short-term debt: 87.1% and cash: 11% of total assets), and 93% of the assets are financed with debt.
How it is calculated

The band follows from the bankruptcy probability, on a scale where 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 43, medium-sized): better than 10% on solvency, 14% on liquidity, 22% on profitability and 81% on growth.

The bankruptcy probability was computed on 09-10-2026 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.

Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).

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Signals

Six signals.
−lowers risk+raises risk○neutral
raises risk · Equity €183,864 (7.0% of total assets)
NBB · annual accounts
raises risk · Sector: Specialised construction activities (NACE 43)
KBO
lowers risk · Founded in 2009
How long the company has existed counts in the probability; how much depends on the rest of its profile.
KBO
raises risk · Size: 50.5 FTE, total assets €2.6m
The company's size counts in the probability; how much depends on the rest of its profile.
NBB · annual accounts
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 10% of 2416 sector peers (2025).
NBB · sector comparison
Position among 2416 sector peers
Solvency
better than 10%
← weakest strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 12-06-2026, 49 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
49 days early
2024
29 days late
2023
30 days late
2022
22 days late
2021
61 days late
2020
1 day late
2019
98 days late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 7 accounts on average 27 days after the deadline; the sector median (NACE 43) for financial year 2024 is 1 day before the deadline, and 43% of those companies filed late.

Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 29 August (4 of the last 5 filed years within 32 days of that day).
Companies Code · seven months
Where today falls in the filing period
09-10-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
Searched since 2021.
KBO publications · our coverage
  1. Annual accounts filedfinancial year 2025 · full…
  2. Back to profitnet €37,711
  3. Equity above €150,000equity €183,864 ▲25.8%

Key points

  • Positive: Back in profit in 2025after -€639,700 in 2024 €37,711 View
  • Caution: Among the weakest 10% on solvencysector median 42.6% · 2,416 companies 7.0% View
  • Controlled by SODEMAIM 80.65% View

By topic

Financials

Financial year
2025
Total assets
€2.6m
Profit
€37,711
Solvency
7.0%
Total assets▼ 6.7%
Net result
20192025
Go to Financials

Timeline

Events
19
Since
2011
Next accounts
by 31-07-2027
  1. 29-08-2025Annual accounts filed
  2. 31-12-2024Weakest financial year
  3. 30-08-2024Annual accounts filed
Go to Timeline

Company details

Sites
1
Legal form
Private limited company
Activity
General electrical installation workNACE 43211
Founded
01-04-2009
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

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