TERRA PROJECTS
ActiveTERRA PROJECTS has been active since 2006 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €288k and a net result of €24k. Equity is growing by ~48.8% per year across the filed fiscal years. Its solvency ranks better than 94% of 14009 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
84
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability86▼-14
Solvency100=
Growth70▼-15
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €3k at 30 days acceptable
Liquidity ample (current ratio 17.51 against 5.59 in 2023; short-term debt: 5.6% and cash: 4.2% of total assets), and 5.7% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Sector 68
lower
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
94.3%
Return on assets
7.9%
Age of the figures
15 mo
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 21-01-2026, 10 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
10 d early
2024
23 d early
2023
1 d early
2022
6 d early
2021
3 d early
2020
2 d early
2019
41 d late
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close20-09-2026 today31-01-2027 deadline
Financials · fiscal year 2025, micro schema
Turnover
€34k▼ 76.9%
2023 · €146k
2020: €25k
2021: €71k
2022: €70k
2023: €146k
2020 → 2025
EBIT margin
55.8%▼ 47.1pp
2023 · 102.9%
2020: 40.1%
2021: 89.7%
2022: 38.9%
2023: 102.9%
2020 → 2025
Net result
€24k▼ 77.3%
2023 · €107k
2020: €6k
2021: €47k
2022: €18k
2023: €107k
2020 → 2025
Working capital
€285k▲ 41.0%
2023 · €202k
2020: €36k
2021: €77k
2022: €85k
2023: €202k
2020 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232025Trend
Turnover€25k-€71k▲ 185%€70k▼ 2.0%€146k▲ 110%€34k▼ 76.9%
Equity€42k-€103k▲ 144%€107k▲ 3.8%€214k▲ 99.7%€288k▲ 34.8%
Operating result€10k-€64k▲ 537%€27k▼ 57.4%€151k▲ 454%€19k▼ 87.5%
Net result€6k-€47k▲ 627%€18k▼ 60.8%€107k▲ 485%€24k▼ 77.3%
Result per fiscal year
Operating resultNet result
The operating result is €19k in 2025, compared with €151k in 2023. Comparable figures for the intervening years are unavailable.
Balance-sheet composition
2025 in colour, 2023 as the grey bar beneath
Assets €306k
Fixed assets
€3k▼ 71.2%
Current assets
€302k▲ 22.8%
Equity and liabilities €306k
Equity
€288k▲ 34.8%
Debt
€17k▼ 60.7%
The debt ratio falls from 17.1% to 5.7%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€23k▼
2023 · €155k
Cash flow
€28k▼
2023 · €111k
Solvency
94.3%▲
2023 · 82.9%
Current ratio
17.51▲
2023 · 5.59
Quick ratio
17.51▲
2023 · 5.59
Debt / equity
0.06▼
2023 · 0.21
ROE
8.4%▼
2023 · 49.9%
ROA
7.9%▼
2023 · 41.4%
Interest coverage
29.07▼
2023 · 275.30
Debt
€17k▼
2023 · €44k
Debt ≤ 1 year
€17k▼
2023 · €44k
Income taxes
€10k▼
2023 · €43k
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 · 2025 against 2023
Balance sheet
Code20232025
Assets
Total assets20/58€258k€306k▲
Fixed assets21/28€12k€3k▼
Tangible fixed assets22/27€12k€3k▼
Furniture and vehicles24€12k€3k▼
Current assets29/58€246k€302k▲
Amounts receivable within one year40/41€185k€289k▲
Trade receivables40-€2k
Other amounts receivable41€185k€287k▲
Cash at bank and in hand54/58€61k€13k▼
Deferred charges and accrued income490/1€126-
Equity and liabilities
Total equity and liabilities10/49€258k€306k▲
Equity10/15€214k€288k▲
Contributions10/11€6k€6k=
Reserves13€2k€2k=
Non-distributable reserves130/1€2k-
Reserves not available under the articles1311€2k-
Distributable reserves133-€2k
Profit (loss) carried forward14€206k€280k▲
Amounts payable17/49€44k€17k▼
Amounts payable within one year42/48€44k€17k▼
Trade debts44€553-
Suppliers440/4€553-
Advances received on contracts in progress46-€7k
Taxes, remuneration and social security45€43k€10k▼
Taxes450/3€43k€10k▼
Accrued charges and deferred income492/3€13€45▲
Income statement
Code20232025
Turnover70€146k€34k▼
Goods, raw materials, services and sundry goods60/61€30k€12k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€4k€4k=
Other operating charges640/8€956€856▼
Gross operating margin9900€156k€24k▼
Operating profit (loss)9901€151k€19k▼
Financial income75/76B€6k€16k▲
Recurring financial income75€6k€16k▲
Financial charges65/66B€7k€794▼
Recurring financial charges65€562€794▲
Non-recurring financial charges66B€6k-
Profit (loss) for the period before taxes9903€150k€34k▼
Income taxes67/77€43k€10k▼
Profit (loss) for the period9904€107k€24k▼
Profit (loss) for the period to be appropriated9905€107k€24k▼
Appropriation of the result
Profit (loss) to be appropriated9906€206k€280k▲
Profit (loss) brought forward from the previous period14P€99k€256k▲
The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
21-01
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
30-06
Financial
Liquidity triplescurrent ratio 17.51
Current ratio from 5.59 to 17.51; short-term debt falls from €44k to €17k.
08-01
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
30-01
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
30-06
Financial
Highest result since 2020net €107k ▲485%
Operating result €151k, net result €107k, both a record.
30-06
Financial
Equity above €200kEq €214k ▲99.7%
4 profitable years in a row build equity to €214k.
25-01
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
28-01
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
30-06
Financial
Liquidity doublescurrent ratio 5.51
Current ratio from 2.40 to 5.51; short-term debt falls from €26k to €17k.
30-06
Financial
Equity above €100kEq €103k ▲144%
2 profitable years in a row build equity to €103k.
29-01
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
12-03
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 41 days late
2019
27-02
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 27 days late
2018
29-06
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 149 days late
29-06
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 514 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
1 act for this company is 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, Incourt
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 Marcel Louis 491315 IncourtGround area
1,552 m²
Building footprint
188 m²
Volume, LiDAR
1,023 m³
Parcel 25086A0248/00N000, Wallonia · tallest building 7.0 m, ±2 floors. Linked by address, not a title deed.
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25086A0248/00N000 | Wallonia | 1,552 m² | 1 · 188 m² | 7.0 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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FINORIM
BE 0435.306.702
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immopunt
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OSTERRIETH INVEST
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Of 11,749 companies in sector 68310 we hold annual accounts for 6,907. 4,988 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded10-05-2006
Fiscal year end30-06
Activities, NACEBEL
68310Real estate agency activities
68311Real estate activities
70311
Sources
Crossroads Bank for EnterprisesNational Bank · 19 filingsAddress and cadastre registers
Data from official sources, last processed on 19-09-2026. Scores and ratios are computed by Checked and are not a credit decision.