TERRA GROUP

Active

Private limited companyfounded 20233 yrs activeProvinciesteenweg 237, 2530 Boechout, BelgiumKBO/BCE: BE 0798.592.090

The computed 12-month bankruptcy probability of TERRA GROUP is 3.6% (moderate). The 2024 annual accounts show equity of €76k and a net result of €48k. Its solvency ranks better than 46% of 6714 sector peers (fiscal year 2024). The company has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals.

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Checked score

Score 2024

69 / 100

Healthy▲ +11 vs 2023

The score combines four axes. Every signal that weighs is under Signals.

Axes · tick = 2023

Profitability100=

Solvency52▲+11

Growth78

Stability94

Bankruptcy probability, 12 months

3.6% Moderate

0%0.5%1.5%4%10%≥ 25%

Credit up to €5k at 30 days acceptable

Liquidity short (current ratio 0.95 against 0.83 in 2023), and 65.9% of the assets are financed with debt.

How do we compute the score and the probability?

Credit advice for your own amount and term

Signals

Four 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 49

Relative position

BE, all sectors

reference

Sector 49

higher

← fewer bankruptcies more bankruptcies →

Filed after the deadline

The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 26-09-2025, 57 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 · 2 filings

Deviation from the deadline

2025

not confirmed

2024

57 d late

2023

51 d late

← before the deadline after the deadline →

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

Financials · fiscal year 2024, micro schema

Equity

€76k▲ 177%

2023 · €27k

2023: €27k

2023 → 2024

Total assets

€222k▲ 133%

2023 · €95k

2023: €95k

2023 → 2024

Net result

€48k▲ 180%

2023 · €17k

2023: €17k

2023 → 2024

Working capital

€-8k▲ 34.1%

2023 · €-12k

2023: €-12k

2023 → 2024

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20232024Trend

Equity€27k-€76k▲ 177%

Operating result€22k-€62k▲ 179%

Net result€17k-€48k▲ 180%

Turnover and EBIT margin not published: the micro schema does not require them.

Result per fiscal year

Operating resultNet result

The operating result rises in 2024; 2024 is 179% above 2023.

Balance-sheet composition

2024 in colour, 2023 as the grey bar beneath

Assets €222k

37.6%

62.4%

Fixed assets €83k▲ 114%

Current assets €138k▲ 146%

Equity and liabilities €222k

34.1%

65.9%

Equity €76k▲ 177%

Debt €146k▲ 115%

The debt ratio falls from 71.3% to 65.9%: equity grows faster than debt.

Key figures and ratios

2024 value · change against 2023

EBITDA

€89k▲

2023 · €30k

Cash flow

€75k▲

2023 · €25k

Solvency

34.1%▲

2023 · 28.7%

Current ratio

0.95▲

2023 · 0.83

Quick ratio

0.95▲

2023 · 0.83

Debt / equity

1.93▼

2023 · 2.49

ROE

63.9%▲

2023 · 63.3%

ROA

21.8%▲

2023 · 18.1%

Interest coverage

60.79▲

2023 · 41.28

Debt

€146k▲

2023 · €68k

Debt ≤ 1 year

€146k▲

2023 · €68k

Income taxes

€12k▲

2023 · €4k

Staff costs

€73k▲

2023 · €23k

Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.

Filed annual accounts

As filed with the NBB · 2024 against 2023

Balance sheet Code20232024

Assets

Total assets20/58€95k€222k▲

Fixed assets21/28€39k€83k▲

Tangible fixed assets22/27€32k€73k▲

Plant, machinery and equipment23€834€449▼

Furniture and vehicles24€31k€72k▲

Financial fixed assets28€7k€11k▲

Current assets29/58€56k€138k▲

Amounts receivable within one year40/41€32k€114k▲

Trade receivables40€32k€114k▲

Cash at bank and in hand54/58€24k€24k▲

Equity and liabilities

Total equity and liabilities10/49€95k€222k▲

Equity10/15€27k€76k▲

Contributions10/11€10k€10k=

Outside capital11€10k€10k=

Other1109/19€10k€10k=

Profit (loss) carried forward14€17k€66k▲

Amounts payable17/49€68k€146k▲

Amounts payable within one year42/48€68k€146k▲

Trade debts44€13k€71k▲

Suppliers440/4€13k€71k▲

Taxes, remuneration and social security45€15k€40k▲

Taxes450/3€13k€33k▲

Remuneration and social security454/9€2k€7k▲

Other amounts payable47/48€39k€35k▼

Income statement Code20232024

Remuneration, social security and pensions62€23k€73k▲

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€8k€27k▲

Other operating charges640/8€349€1k▲

Gross operating margin9900€53k€164k▲

Operating profit (loss)9901€22k€62k▲

Financial income75/76B€9€13▲

Recurring financial income75€9€13▲

Financial charges65/66B€732€1k▲

Recurring financial charges65€732€1k▲

Profit (loss) for the period before taxes9903€22k€61k▲

Income taxes67/77€4k€12k▲

Profit (loss) for the period9904€17k€48k▲

Profit (loss) for the period to be appropriated9905€17k€48k▲

Appropriation of the result

Profit (loss) to be appropriated9906€17k€66k▲

Profit (loss) brought forward from the previous period14P-€17k

The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

All 2Filings 2

2025

26-09

NBB filing Annual accounts filed

fiscal year 2024 · micro schema · 57 days late

2024

20-09

NBB filing Annual accounts filed

fiscal year 2023 · micro schema · 51 days late

NBB filing

Directors · office · real estate

Directors

2 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.

Location & real-estate footprint

Registered office, Boechout · 1 establishment unit since 2023

establishment The establishment unit on the map

Cannot be placed on the map

This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.

Provinciesteenweg 2372530 Boechout

Ground area

5,341 m²

Building footprint

431 m²

Volume, LiDAR

2,230 m³

2 parcels, Flanders · tallest building 10.2 m, ±3 floors. Linked by address, not a title deed.

1 establishment unit

TERRA GROUP

Manebruggestraat 39, 2100 AntwerpenFreight transport by road

since 20232.341.969.780

2 parcels

Flanders 2 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
11004A0484/00A000	Flanders	4,407 m²	1 · 234 m²	10.2 m
11345B0379/00L000	Flanders	933 m²	1 · 197 m²	9.4 m · 3 fl.

Linked by address, not proof of ownership

Methodology

via registered seat: 1 · via establishment units: 1

2 of 2 parcels with an exact address match; the rest are indicative.

Linked through address data, this is not proof of ownership.

Recognitions · licences · registrations

Parcel delivery

Notified to the BIPT

since 16-08-2024

Similar companies · same sector, comparable size

Miloco

BE 0780.357.971

Oostrozebeke · Eq €76k

Tessenderlo-Ham · Eq €75k

BERSEL

BE 0740.528.979

Temse · Eq €75k

Of 12,446 companies in sector 49410 we hold annual accounts for 8,085. 6,144 are within a factor 10 of this equity.See the whole sector

Company data · Crossroads Bank

Identification

Legal formPrivate limited company

Founded17-02-2023

Fiscal year end31-12

Activities, NACEBEL

49410Freight transport by road

Sources

Crossroads Bank for EnterprisesNational Bank · 2 filingsAddress and cadastre registers

Data from official sources, last processed on 13-09-2026. Scores and ratios are computed by Checked and are not a credit decision.