TERRA & PAZ Construct
ActiveSummary
TERRA & PAZ Construct has been active since 2016 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €4k and a net result of €5k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 18% of 7500 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.1% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability71▼-1
Solvency36▲+16
Growth33▲+5
Track record100
Bankruptcy probability, 12 months
1.1%
Low
0%0.5%1.5%4%10%≥ 25%
Credit check for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 41
Relative position
BE, all sectors
reference
Construction of residential and non-residential buildings (NACE 41)
about 67% more bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 18% of 7500 sector peers (2025).
NBB · sector comparisonPosition among 7500 sector peers
Solvency
better than 18%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 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 · 9 filingsDeviation from the deadline
2025
31 d late
2024
5 d late
2023
11 d early
2022
31 d late
2021
31 d late
2020
31 d late
2019
84 d late
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Turnover
€121k▲ 22.4%
2022 · €99k
2018: €119k
2019: €76k▼ -36.3% vs 2018
2020: €61k▼ -19.0% vs 2019lowest value
2021: €72k▲ +16.6% vs 2020
2022: €99k▲ +38.3% vs 2021
2025: €121khighest value
2018 → 2025
EBIT margin
4.6%▼ 1.4pp
2022 · 6.0%
2018: 5.8%
2019: -15.7%▼ -369% vs 2018lowest value
2020: 25.6%▲ +263% vs 2019highest value
2021: 4.3%▼ -83.3% vs 2020
2022: 6.0%▲ +39.6% vs 2021
2025: 4.6%
2018 → 2025
Net result
€5k▲ 693%
2024 · €685
2018: €7k
2019: €-14k▼ -300% vs 2018
2020: €16k▲ +213% vs 2019highest in 8 years
2021: €3k▼ -81.1% vs 2020
2022: €5k▲ +84.0% vs 2021
2023: €-37k▼ -778% vs 2022lowest in 8 years
2024: €685▲ +102% vs 2023
2025: €5k▲ +693% vs 2024
2018 → 2025
Working capital
€2k
2024 · €-4k
2018: €23k
2019: €9k▼ -61.5% vs 2018
2020: €25k▲ +178% vs 2019
2021: €28k▲ +11.9% vs 2020
2022: €34k▲ +22.8% vs 2021highest in 8 years
2023: €-5k▼ -115% vs 2022lowest in 8 years
2024: €-4k▲ +21.7% vs 2023
2025: €2k▲ +145% vs 2024
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€72k-€99k▲ 38.3%€121k
2021: €72klowest value
2022: €99k▲ +38.3% vs 2021
2025: €121khighest value
Equity€29k-€35k▲ 18.6%€-2k€-2k▲ 31.0%€4k
2021: €29k
2022: €35k▲ +18.6% vs 2021highest in 5 years
2023: €-2k▼ -106% vs 2022lowest in 5 years
2024: €-2k▲ +31.0% vs 2023
2025: €4k▲ +356% vs 2024
Operating result€3k-€6k▲ 93.0%€-37k€3k€6k▲ 115%
2021: €3k
2022: €6k▲ +93.0% vs 2021highest in 5 years
2023: €-37k▼ -722% vs 2022lowest in 5 years
2024: €3k▲ +107% vs 2023
2025: €6k▲ +115% vs 2024
Net result€3k-€5k▲ 84.0%€-37k€685€5k▲ 693%
2021: €3k
2022: €5k▲ +84.0% vs 2021highest in 5 years
2023: €-37k▼ -778% vs 2022lowest in 5 years
2024: €685▲ +102% vs 2023
2025: €5k▲ +693% vs 2024
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 115% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €37k
Fixed assets
€3k ▼ 14.4%
Current assets
€34k ▲ 25.2%
Equity and liabilities €37k
Equity
€4k
Debt
€33k
Debt finances 89.3% of the balance-sheet total.
Key figures and ratios
EBITDA
€6k▲
2024 · €3k
Cash flow
€6k▲
2024 · €1k
Current ratio
1.06▲
2024 · 0.87
Debt to equity
8.38▲
2024 · -20.77
ROE
139.1%
ROA
14.8%▲
2024 · 2.3%
Interest coverage
55.81▲
2024 · 33.78
Debt ≤ 1 year
€32k▲
2024 · €31k
Debt > 1 year
€500=
2024 · €500
Staff costs
€15k▲
2024 · €11k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 43 lines
Balance sheet
Code20242025
Assets
Total assets20/58€30k€37k▲
Fixed assets21/28€3k€3k▼
Tangible fixed assets22/27€1k€746▼
Furniture and vehicles24€1k€746▼
Financial fixed assets28€2k€2k=
Current assets29/58€27k€34k▲
Amounts receivable within one year40/41€20k€14k▼
Trade receivables40€18k€14k▼
Other amounts receivable41€2k€147▼
Cash at bank and in hand54/58€5k€19k▲
Deferred charges and accrued income490/1€2k€789▼
Equity and liabilities
Total equity and liabilities10/49€30k€37k▲
Equity10/15€-2k€4k▲
Contributions10/11€19k€19k=
Profit (loss) carried forward14€-20k€-15k▲
Amounts payable17/49€32k€33k▲
Amounts payable after more than one year17€500€500=
Other amounts payable178/9€500€500=
Amounts payable within one year42/48€31k€32k▲
Trade debts44€9k€15k▲
Suppliers440/4€9k€15k▲
Taxes, remuneration and social security45€13k€5k▼
Taxes450/3€3k-
Remuneration and social security454/9€10k€5k▼
Other amounts payable47/48€9k€11k▲
Income statement
Code20242025
Turnover70-€121k
Non-recurring operating income76A-€1k
Goods, raw materials, services and sundry goods60/61-€111k
Remuneration, social security and pensions62€11k€15k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€433€433=
Other operating charges640/8€149€149=
Gross operating margin9900€14k€21k▲
Operating profit (loss)9901€3k€6k▲
Financial income75/76B€1-
Recurring financial income75€1-
Financial charges65/66B€89€107▲
Recurring financial charges65€89€107▲
Profit (loss) for the period before taxes9903€2k€5k▲
Income taxes67/77€2k-
Profit (loss) for the period9904€685€5k▲
Profit (loss) for the period to be appropriated9905€685€5k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-20k€-15k▲
Profit (loss) brought forward from the previous period14P€-21k€-20k▲
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | €72k | €99k | - | - | €121k | - |
| Non-recurring operating income76A | - | - | - | - | €1k | - |
| Goods, raw materials, services and sundry goods60/61 | €71k | €92k | - | - | €111k | - |
| Remuneration, social security and pensions62 | €72 | €5k | €26k | €11k | €15k | ▲ 33.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | €120 | €433 | €433 | €433 | = |
| Other operating charges640/8 | €1k | €496 | €149 | €149 | €149 | = |
| Gross operating margin9900 | €4k | €12k | €-10k | €14k | €21k | ▲ 46.9% |
| Operating profit (loss)9901 | €3k | €6k | €-37k | €3k | €6k | ▲ 115% |
| Financial income75/76B | €19 | €1 | €0 | €1 | - | - |
| Recurring financial income75 | €19 | €1 | €0 | €1 | - | - |
| Financial charges65/66B | €131 | €45 | €68 | €89 | €107 | ▲ 20.3% |
| Recurring financial charges65 | €131 | €45 | €68 | €89 | €107 | ▲ 20.3% |
| Profit (loss) for the period before taxes9903 | €3k | €6k | €-37k | €2k | €5k | ▲ 119% |
| Income taxes67/77 | - | €439 | €0 | €2k | - | - |
| Profit (loss) for the period9904 | €3k | €5k | €-37k | €685 | €5k | ▲ 693% |
| Profit (loss) for the period to be appropriated9905 | €3k | €5k | €-37k | €685 | €5k | ▲ 693% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €32k | €48k | €26k | €30k | €37k | ▲ 21.3% |
| Fixed assets21/28 | €2k | €4k | €3k | €3k | €3k | ▼ 14.4% |
| Tangible fixed assets22/27 | - | €2k | €2k | €1k | €746 | ▼ 36.7% |
| Furniture and vehicles24 | - | €2k | €2k | €1k | €746 | ▼ 36.7% |
| Financial fixed assets28 | €2k | €2k | €2k | €2k | €2k | = |
| Current assets29/58 | €31k | €44k | €22k | €27k | €34k | ▲ 25.2% |
| Amounts receivable within one year40/41 | €5k | €27k | €4k | €20k | €14k | ▼ 31.5% |
| Trade receivables40 | €1k | €17k | €3k | €18k | €14k | ▼ 24.6% |
| Other amounts receivable41 | €4k | €10k | €910 | €2k | €147 | ▼ 92.9% |
| Cash at bank and in hand54/58 | €25k | €16k | €17k | €5k | €19k | ▲ 266% |
| Deferred charges and accrued income490/1 | €75 | €825 | €745 | €2k | €789 | ▼ 49.8% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €32k | €48k | €26k | €30k | €37k | ▲ 21.3% |
| Equity10/15 | €29k | €35k | €-2k | €-2k | €4k | ▲ 356% |
| Contributions10/11 | €19k | €19k | €19k | €19k | €19k | = |
| Capital10 | €19k | €19k | €19k | - | - | - |
| Issued capital100 | €19k | €19k | €19k | - | - | - |
| Profit (loss) carried forward14 | €11k | €16k | €-21k | €-20k | €-15k | ▲ 27.0% |
| Amounts payable17/49 | €3k | €13k | €28k | €32k | €33k | ▲ 3.1% |
| Amounts payable after more than one year17 | €500 | €500 | €500 | €500 | €500 | = |
| Other amounts payable178/9 | €500 | €500 | €500 | €500 | €500 | = |
| Amounts payable within one year42/48 | €3k | €10k | €28k | €31k | €32k | ▲ 3.2% |
| Trade debts44 | €2k | €7k | €12k | €9k | €15k | ▲ 63.0% |
| Suppliers440/4 | €2k | €7k | €12k | €9k | €15k | ▲ 63.0% |
| Taxes, remuneration and social security45 | €391 | €1k | €7k | €13k | €5k | ▼ 57.9% |
| Taxes450/3 | €391 | - | €1k | €3k | - | - |
| Remuneration and social security454/9 | - | €1k | €5k | €10k | €5k | ▼ 44.3% |
| Other amounts payable47/48 | €432 | €2k | €9k | €9k | €11k | ▲ 25.3% |
| Accrued charges and deferred income492/3 | - | €3k | €0 | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €3k | €5k | €-37k | €685 | €5k | ▲ 693% |
| + Depreciation and write-downs630 | - | €120 | €433 | €433 | €433 | = |
| Operating cash flow (approximation) | €3k | €6k | €-36k | €1k | €6k | ▲ 425% |
| Investment in fixed assets (approximation) | - | €-2k | €0 | €0 | €0 | - |
| Change in cash | - | €-9k | €1k | €-12k | €14k | ▲ 215% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 31 days late
2025
05-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 5 days late
2024
31-12
Financial
Back to profitnet €685
Net result €685 after one loss-making year.
20-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Weakest financial yearnet €-37k
Net result drops to €-37k, the lowest in the series; recovery starts the following year.
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 31 days late
2022
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
2021
31-12
Financial
Liquidity doublescurrent ratio 11.21
Current ratio from 4.80 to 11.21; short-term debt falls from €7k to €3k.
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
2020
31-12
Financial
Back to profitnet €16k
Net result €16k after one loss-making year.
31-12
Financial
Liquidity triplescurrent ratio 4.80
Current ratio from 1.61 to 4.80; short-term debt falls from €15k to €7k.
23-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 84 days late
2019
27-09
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 58 days late
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
4 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, Charleroi · 1 establishment unit since 2017
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.
Rue Bastin Hubert 146040 Charleroi1 establishment unit
TERRA & PAZ CONSTRUCT
since 20172.259.272.629
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Of 29,779 companies in sector 41001 we hold annual accounts for 16,044. 5,512 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded19-12-2016
Fiscal year end31-12
Activities, NACEBEL 2025
41001General construction of residential buildings
43910Bricklaying and masonry work
43120Site preparation
47811Retail sale of cars and light vans (up to 3.5 tonnes)
95314Bodywork repair (including spraying and painting)
Scores and ratios are computed by Checked and are not a credit decision.