Financials
- Fiscal year
- 2024
- Total assets
- €91,830
- Profit
- €12,605
- Solvency
- 68.3%
TERRA FORMA
ActiveSummary
The computed 12-month bankruptcy probability of TERRA FORMA is 1.8% (moderate). The 2024 annual accounts show equity of €62,713 and a net result of €12,605. Equity is growing by ~25.2% per year across the filed fiscal years. Its solvency ranks better than 61% of 2277 sector peers (fiscal year 2024). The company has been active since 2016 and the Belgian State Gazette contains no insolvency or warning signals.
Overview
Activity
Computing infrastructure, data processing, hosting and related activities
NACE 63100NACE 63110
#8 oldest company in Soumagne, Telecoms and IT sector1 site
Size
€91,830total assets 2024
- Equity
- €62,713
- Profit
- €12,605
Turnover not published (abridged schema)
Structure
Accounts 66 d overdue0 of 5 deeds read
Why 56- 1 financial year not filed after the legal deadline; latest accounts 396 days late; 3 of the last 3 late- Figures for FY 2024 (filed 31-08-2026)- Size: total assets €91,830+ Liquidity: current ratio 3.03, cash €48,354Show the evidence
Checked score
Score 2024
56
/ 100
Fair
Probability in this band: 1.5% to 4.2%
Better than 66% of its sector peers (NACE 63, micro)
Performance against the sector, not lower risk
Financial strength · tick = 2023
Strong
Solvency
93+25
equity 68.3% of total assets
Liquidity
86+12
short-term debt 31.7% · cash 52.7%
Profitability
86+85
return on assets 13.7%
Bankruptcy probability, 12 months
1.8%
Moderate
0%0.5%1.5%4%10%≥ 25%
About 2 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
11-2024: 1.9%
12-2024: 2.3%▲ +24.8% vs 11-2024
01-2025: 3.4%▲ +44.3% vs 12-2024
02-2025: 3.4%▼ -0.6% vs 01-2025
03-2025: 3.6%▲ +6.6% vs 02-2025
04-2025: 3.2%▼ -10.5% vs 03-2025
05-2025: 3.2%● 0.0% vs 04-2025
06-2025: 3.1%▼ -2.1% vs 05-2025
07-2025: 3.1%● 0.0% vs 06-2025
08-2025: 4.4%▲ +38.6% vs 07-2025
09-2025: 4.3%▼ -0.6% vs 08-2025
10-2025: 4.3%● 0.0% vs 09-2025
11-2025: 4.3%● 0.0% vs 10-2025
12-2025: 4.3%▼ -0.9% vs 11-2025
01-2026: 4.8%▲ +11.0% vs 12-2025
02-2026: 4.8%● 0.0% vs 01-2026
03-2026: 5.4%▲ +13.8% vs 02-2026
04-2026: 4.9%▼ -8.8% vs 03-2026
05-2026: 4.9%● 0.0% vs 04-2026
06-2026: 4.8%▼ -3.6% vs 05-2026
07-2026: 4.8%● 0.0% vs 06-2026
08-2026: 6.6%▲ +37.5% vs 07-2026highest value
09-2026: 1.3%▼ -79.8% vs 08-2026lowest value
10-2026: 1.8%▲ +39.4% vs 09-2026
- 1 financial year not filed after the legal deadline; latest accounts 396 days late; 3 of the last 3 late raises the probability
- Figures for FY 2024 (filed 31-08-2026) raises the probability
- Liquidity: current ratio 3.03, cash €48,354 lowers the probability
- Size: total assets €91,830 raises the probability for this profile
Credit up to €3,500 at 30 days only on tighter terms
Liquidity ample (current ratio 3.03 against 1.83 in 2023; short-term debt: 31.7% and cash: 52.7% of total assets), and 31.7% of the assets are financed with debt.
How it is calculated
The band comes from the bankruptcy probability on a scale of 0 to 100: every 10 points more double the odds of getting through the year without bankruptcy.
| 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% |
Place inside the band: half the bankruptcy probability, half how the company does against its sector peers (NACE 63, micro). Better than this share of them on solvency 63%, liquidity 75%, profitability 56%, growth against the median 69%. That is performance, not lower risk; the band itself always comes from the probability.
Bankruptcy probability: model pd-v3.202610021621, computed on 04-10-2026. The model learns from Belgian bankruptcies and reads the registers, the annual accounts and the gazette.
Ceilings: negative or zero equity, a heavy loss, a special KBO legal situation and a missing filing 59 (two missing 44), an ongoing judicial reorganisation or an ending 24. Financial strength does not count in the score.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 31-08-2026, 396 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 9 filingsDeviation from the deadline
2025
not confirmed
2024
396 d late
2023
573 d late
2022
138 d late
2021
427 d late
2020
226 d late
2019
591 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 392 days after the deadline; the sector median for financial year 2024 is 10 days before the deadline, and 32% of the sector filed late.
Checked, nothing found (1)
- Annual accounts filedfiscal year 2024 · micro…
- Annual accounts filedfiscal year 2023 · micro…
- Back to profitnet €12,605
Key points
By topic
Timeline
- Events
- 13
- Since
- 2017
- 31-08-2026Annual accounts filed
- 24-02-2026Annual accounts filed
- 31-12-2024Back to profit
Company details
- Sites
- 1
- Legal form
- Private limited company
- Activity
- Computing infrastructure, data processing, hosting and related activitiesNACE 63100
- Founded
- 09-05-2016
- Year ends
- 31-12
- Peppol
- Reachable for e-invoices
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