TERRA NOVA CONSTRUCT
The computed 12-month bankruptcy probability of TERRA NOVA CONSTRUCT is 2.2% (moderate). The 2024 annual accounts show equity of €42k and a net result of €-6k. Equity is shrinking by ~11.8% per year across the filed fiscal years. Its solvency ranks better than 42% of 1695 sector peers (fiscal year 2024). The company has been active since 2021 and the Belgian State Gazette contains no insolvency signals. The CBE does carry 1 administrative register entry (see administrative flags).
| Equity | €42k |
| Net result | €-6k |
| Better than sector | 42% |
| Active | 5 yrs |
Fragile profile, watch profitability in particular.
Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?
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The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.
The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.
A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 8.3% | 14.3% | |
| Net result | €-6k | €-133 | |
| Equity | €42k | €108k | |
| Gross operating margin | €-4k | €51k | |
| Total assets | €504k | €1.51M |
| Fiscal year | 2024 |
|---|---|
| Revenue | - |
| EBITDA | - |
| Net profit | €-6k |
| Cash flow | - |
| Staff costs | - |
| Income taxes | - |
| Dividends | - |
| Total assets | €504k |
| Equity | €42k |
| Debt | €462k |
| of which ≤ 1y | €462k |
| of which > 1y | - |
| Working capital | €42k |
| Employees (FTE) | - |
| 2024 | |
|---|---|
| Current ratio | 1.09 |
| Quick ratio | 0.06 |
| Working capital ratio | 8.3% |
| Solvency | 8.3% |
| Debt / equity | 11.10 |
| Long-term debt ratio | - |
| Interest coverage | - |
| Gross margin | - |
| Net margin | - |
| ROA | -1.1% |
| ROE | -13.5% |
| EBITDA margin | - |
| Days sales outstanding | - |
| Days payable outstanding | - |
| Inventory turnover | - |
| Days inventory (DSI) | - |
| Line item | Code | 2024 |
|---|---|---|
| Balance sheet, Assets | ||
| TOTAL ASSETS | 20/58 | €504k |
| Current assets | 29/58 | €504k |
| Stocks & contracts in progress | 3 | €475k |
| Amounts receivable within one year | 40/41 | €1k |
| Cash & bank | 54/58 | €27k |
| Balance sheet, Equity & liabilities | ||
| TOTAL EQUITY & LIABILITIES | 10/49 | €504k |
| Equity | 10/15 | €42k |
| Contributions / capital | 10/11 | €62k |
| Accumulated profits (losses) | 14 | €-20k |
| Amounts payable | 17/49 | €462k |
| Amounts payable within one year | 42/48 | €462k |
| Trade debts payable within one year | 44 | €6k |
| Income statement | ||
| Gross operating margin | 9900 | €-4k |
| Operating result | 9901 | €-5k |
| Financial income | 75 | €0 |
| Financial charges | 65 | €150 |
| Result before taxes | 9903 | €-6k |
| Net result for the period | 9904 | €-6k |
| Result to be appropriated | 9905 | €-6k |
Former directors (2)
-
BV METROPOLIS INVESTLegal entityDirector· perm. rep.: Verstraeten JoeriState Gazette act 25133288 (21-10-2025)Former- → 29-09-2025
-
BV LOTESLegal entityDirector· perm. rep.: Diane MonbailliuState Gazette act 25133288 (21-10-2025)Former- → 18-09-2025
| NACE primary | Real estate activities(68121) |
| Legal form | Public limited company(014) |
| Incorporation | 10-06-2021 |
| Status | Active |
| Postal code | 8340 |
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. |
|---|---|---|---|---|
| 31023A0403/00T002 | Flanders | 4,263 m² | 1 · 215 m² | 9.3 m · 1 fl. |
A single timeline of everything that happened to this company, publications, insolvency and lifecycle events, administrative changes and filed annual accounts.
21-10-2025 2 resigning
- Diane Monbailliu, Bestuurder
- Verstraeten Joeri, Bestuurder
Technical details
{
"events": [
{
"kind": "director_out",
"role": "bestuurder",
"person": {
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"name": "Diane Monbailliu",
"address": null,
"birth_date": null
},
"via_org": {
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"name": "BV LOTES",
"address": null,
"country": null,
"legal_form": null
},
"effective_date": "2025-09-18",
"evidence_quote": "De algemene vergadering neemt kennis van het ontslag dat per 18/09/2025 werd ingediend door BV LOTES vast vertegenwoordigd door mevrouw Diane Monbailliu, met zetel te 8300 Knokke-Heist Klaverlaan 11, als niet-statutaire bestuurder."
},
{
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},
"effective_date": "2025-09-29",
"evidence_quote": "De algemene vergadering neemt kennis van het ontslag dat per 29/09/2025 werd ingediend op door BV METROPOLIS INVEST, vast vertegenwoordigd door de heer Verstraeten Joeri, met zetel te 8300 Knokke-Heist Koningslaan 131, als niet-statutaire bestuurder."
}
],
"schema": "v3.2",
"act_meta": {
"model_id": 36,
"extractor": "constrained-core-35b"
},
"subject_company": {
"kbo": "0769.531.781",
"name_full": "TERRA NOVA CONSTRUCT",
"legal_form": "NV"
}
}27-09-2023 Articles of association amended
Technical details
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},
"statute_change": {
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},
"bedrijfsrevisor": null,
"subject_company": {
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},
"signature_regime": null,
"special_mandates": [],
"governance_change": {
"admin_delegated_added": []
}
}14-06-2021 Incorporation of a new NV
Technical details
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"founders": [
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{
"org": {
"kbo": "0468.683.016",
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},
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],
"capital_eur": 61500,
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},
"initial_directors": [],
"incorporation_date": "2021-06-02",
"post_incorporation_mandates": []
}Generate a structured, factual brief from every signal in this dossier: risk, financial health, ownership, mandates and sector comparison.
| Legal nameNL | TERRA NOVA CONSTRUCT |
- 03-04-2026 Late accounts filing