Equity
Debts exceed assets in financial year 2025.
Debts exceed assets in financial year 2025.
The micro format states no turnover.
Of this, €22,067 falls due within a year.
Lower solvency than 95% of companies in legal and accounting. Sector median 56.9% · 16,416 companies.
In July 2024, 231 companies had the same profile as TERRA IUSTA has now. Each dot is one company, two years later.
The method was tested on the 497,762 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 2.9% | 3.1% |
| 10 | 5.6% | 6.1% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 231 companies, not a prediction for TERRA IUSTA. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
| Company | ||||
|---|---|---|---|---|
| TERRA IUSTA Liège | €447,868 | €51,001 | -1.4% | - |
| Eeckhout & Associés Auderghem | €395,421 | €44,260 | 1.2% | - |
| Steve Pierrée Modave | €362,517 | €49,425 | 12.3% | - |
| KRISTOF VAN DEN HEUVEL Knokke-Heist | €379,490 | €58,086 | 8.3% | - |
| ELL. Law Machelen (Brab.) | €539,497 | €64,077 | 8.7% | - |
| Avocat Fitissenko Etterbeek | €386,790 | €60,000 | 48.2% | - |
| MATIVI LAW Ixelles | €294,167 | €54,476 | 91.5% | - |
These companies have the same main activity as TERRA IUSTA: activities of lawyers (NACE 69101). They are comparable in size and age: total assets between €294,000 and €539,000, founded between 2023 and 2025.
TERRA IUSTA has been active since 2024 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€6,288) and a net result of -€11,288.
Its solvency ranks better than 5% of 16,416 sector peers (NACE 69, financial year 2025).
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
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