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Terrabel

Active
Private limited companyfounded 200718 yrs activeRue Wayaux(Cha) 30, 5650 Walcourt, BelgiumKBO/BCE: BE 0893.201.734
Summary

Terrabel has been active since 2007 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.50M and a net result of €92k. Equity is growing by ~12.3% per year across the filed fiscal years. Its solvency ranks better than 75% of 438 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (low).

Checked score

Score 2025
Axes · tick = 2024
Profitability74▼-5
Solvency96▲+4
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
0.5% Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €110k at 30 days acceptable
Liquidity ample (current ratio 2.33 against 2.67 in 2024; short-term debt: 19.3% and cash: 17.8% of total assets), and 28.5% of the assets are financed with debt.
Credit check for your own amount and term

Signals

Five signals. The signal on the left, the evidence on the right.
−lowers risk+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 77
Relative position
BE, all sectors
reference
Rental and leasing activities (NACE 77)
about 44% more bankruptcies
← fewer bankruptcies more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025
Solvency, return and age of the figures
Solvency
71.5%
Return on assets
4.4%
Age of the figures
9 mo
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 18 years 0 20 y
raises risk · Higher-failure-rate region
In this region companies fail more often than in the rest of the country.
KBO · registered office
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 29-07-2026, 2 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
2 d early
2024
1 d early
2023
84 d late
2022
4 d early
2021
25 d late
2020
on the day
2019
9 d early
← 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 months
Position in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
neutral · 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 2025, full schema

Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€92k▼ 46.7%
2024 · €172k
2018: €96k 2019: €93k▼ -2.4% vs 2018 2020: €105k▲ +12.9% vs 2019 2021: €230k▲ +119% vs 2020highest in 8 years 2022: €70k▼ -69.6% vs 2021lowest in 8 years 2023: €154k▲ +119% vs 2022 2024: €172k▲ +12.0% vs 2023 2025: €92k▼ -46.7% vs 2024
2018 → 2025
Working capital
€539k▼ 16.7%
2024 · €647k
2018: €370klowest in 8 years 2019: €400k▲ +8.3% vs 2018 2020: €555k▲ +38.6% vs 2019 2021: €623k▲ +12.3% vs 2020 2022: €650k▲ +4.3% vs 2021 2023: €668k▲ +2.8% vs 2022highest in 8 years 2024: €647k▼ -3.1% vs 2023 2025: €539k▼ -16.7% vs 2024
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise ▼ fall
Line20212022202320242025Trend
Equity€1.04M-€1.11M▲ 6.8%€1.25M▲ 13.4%€1.41M▲ 12.2%€1.50M▲ 6.9% 2021: €1.04Mlowest in 5 years 2022: €1.11M▲ +6.8% vs 2021 2023: €1.25M▲ +13.4% vs 2022 2024: €1.41M▲ +12.2% vs 2023 2025: €1.50M▲ +6.9% vs 2024highest in 5 years
Operating result€290k-€82k▼ 71.9%€190k▲ 132%€214k▲ 12.5%€116k▼ 45.7% 2021: €290khighest in 5 years 2022: €82k▼ -71.9% vs 2021lowest in 5 years 2023: €190k▲ +132% vs 2022 2024: €214k▲ +12.5% vs 2023 2025: €116k▼ -45.7% vs 2024
Net result€230k-€70k▼ 69.6%€154k▲ 119%€172k▲ 12.0%€92k▼ 46.7% 2021: €230khighest in 5 years 2022: €70k▼ -69.6% vs 2021lowest in 5 years 2023: €154k▲ +119% vs 2022 2024: €172k▲ +12.0% vs 2023 2025: €92k▼ -46.7% vs 2024
Result per fiscal year
Operating resultNet result
€0€100k€200k€300kOperating result 2021: €290k€290kNet result 2021: €230k€230kOperating result 2022: €82k€82kNet result 2022: €70k€70kOperating result 2023: €190k€190kNet result 2023: €154k€154kOperating result 2024: €214k€214kNet result 2024: €172k€172kOperating result 2025: €116k€116kNet result 2025: €92k€92k20212022202320242025€0€100k€200kOperating result 2023: €190k€190kNet result 2023: €154k€154kOperating result 2024: €214k€214kNet result 2024: €172k€172kOperating result 2025: €116k€116kNet result 2025: €92k€92k202320242025
The operating result falls in 2025; 2025 is 46% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €2.11M
Fixed assets €1.16M ▲ 10.6%
Current assets €944k ▼ 8.8%
Equity and liabilities €2.11M
Equity €1.50M ▲ 6.9%
Provisions €11k ▼ 28.8%
Debt €589k ▼ 11.1%
Debt's share of the balance-sheet total falls from 31.8% to 28.0%. Equity is higher and debt is lower.
Key figures and ratios
2025 value · change against 2024
EBITDA
€445k▼
2024 · €487k
Cash flow
€421k▼
2024 · €446k
Current ratio
2.33▼
2024 · 2.67
Debt to equity
0.39▼
2024 · 0.47
ROE
6.1%▼
2024 · 12.2%
ROA
4.4%▼
2024 · 8.3%
Interest coverage
60.34▼
2024 · 72.38
Debt ≤ 1 year
€405k▲
2024 · €389k
Debt > 1 year
€184k▼
2024 · €274k
Income taxes
€25k▼
2024 · €61k
Staff costs
€539k▲
2024 · €447k
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 · 60 lines
Balance sheet Code20242025
Assets
Total assets20/58€2.09M€2.11M▲
Fixed assets21/28€1.05M€1.16M▲
Tangible fixed assets22/27€1.03M€1.14M▲
Plant, machinery and equipment23€891k€1.07M▲
Furniture and vehicles24€2k€2k▼
Leasing and similar rights25€95k€76k▼
Assets under construction and advance payments27€45k-
Financial fixed assets28€16k€16k=
Current assets29/58€1.04M€944k▼
Amounts receivable within one year40/41€617k€557k▼
Trade receivables40€566k€468k▼
Other amounts receivable41€51k€88k▲
Cash at bank and in hand54/58€406k€375k▼
Deferred charges and accrued income490/1€13k€13k▲
Equity and liabilities
Total equity and liabilities10/49€2.09M€2.11M▲
Equity10/15€1.41M€1.50M▲
Contributions10/11€19k€19k=
Capital10-€19k
Issued capital100-€19k
Reserves13€1.19M€1.45M▲
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Tax-exempt reserves132€48k€34k▼
Distributable reserves133€1.14M€1.42M▲
Profit (loss) carried forward14€190k€21k▼
Investment grants15€9k€15k▲
Provisions and deferred taxes16€16k€11k▼
Deferred taxes168€16k€11k▼
Amounts payable17/49€663k€589k▼
Amounts payable after more than one year17€274k€184k▼
Financial debts170/4€194k€104k▼
Other amounts payable178/9€80k€80k=
Amounts payable within one year42/48€389k€405k▲
Current portion of amounts payable after more than one year42€104k€89k▼
Trade debts44€94k€174k▲
Suppliers440/4€94k€174k▲
Taxes, remuneration and social security45€160k€96k▼
Taxes450/3€108k€60k▼
Remuneration and social security454/9€53k€36k▼
Other amounts payable47/48€30k€46k▲
Income statement Code20242025
Remuneration, social security and pensions62€447k€539k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€274k€329k▲
Other operating charges640/8€1k€2k▲
Gross operating margin9900€935k€987k▲
Operating profit (loss)9901€214k€116k▼
Financial income75/76B€7k€4k▼
Recurring financial income75€7k€4k▼
Financial charges65/66B€7k€7k▲
Recurring financial charges65€7k€7k▲
Profit (loss) for the period before taxes9903€214k€112k▼
Transfer from deferred taxes780€18k€5k▼
Income taxes67/77€61k€25k▼
Profit (loss) for the period9904€172k€92k▼
Transfer from tax-exempt reserves789-€14k
Profit (loss) for the period to be appropriated9905€172k€106k▼
Appropriation of the result
Profit (loss) to be appropriated9906€190k€296k▲
Profit (loss) brought forward from the previous period14P€18k€190k▲
Transfer to equity691/2-€275k
To other reserves6921-€275k
Social balance
Average headcount (FTE)9087446,520.8539,180.3▲

The notes to these accounts (10 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Accounts by statement
Line20212022202320242025Change
Remuneration, social security and pensions62€369k€375k€354k€447k€539k▲ 20.8%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€265k€259k€254k€274k€329k▲ 20.3%
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€7k€-7k----
Other operating charges640/8€3k€3k€2k€1k€2k▲ 131%
Gross operating margin9900€934k€711k€800k€935k€987k▲ 5.6%
Operating profit (loss)9901€290k€82k€190k€214k€116k▼ 45.7%
Financial income75/76B€2k€2k€3k€7k€4k▼ 49.2%
Recurring financial income75€2k€2k€3k€7k€4k▼ 49.2%
Financial charges65/66B€4k€1k€4k€7k€7k▲ 9.6%
Recurring financial charges65€4k€1k€4k€7k€7k▲ 9.6%
Profit (loss) for the period before taxes9903€288k€82k€190k€214k€112k▼ 47.5%
Transfer from deferred taxes780€5k€3k€2k€18k€5k▼ 75.0%
Transfer to deferred taxes680€17k-€11k---
Income taxes67/77€45k€15k€28k€61k€25k▼ 58.3%
Profit (loss) for the period9904€230k€70k€154k€172k€92k▼ 46.7%
Transfer from tax-exempt reserves789€14k€11k€7k-€14k-
Transfer to tax-exempt reserves689€51k-€33k---
Profit (loss) for the period to be appropriated9905€193k€81k€128k€172k€106k▼ 38.7%
Line20212022202320242025Change
Assets
Total assets20/58€1.87M€1.80M€2.19M€2.09M€2.11M▲ 0.9%
Fixed assets21/28€720k€803k€966k€1.05M€1.16M▲ 10.6%
Tangible fixed assets22/27€703k€787k€950k€1.03M€1.14M▲ 10.8%
Plant, machinery and equipment23€679k€775k€946k€891k€1.07M▲ 19.7%
Furniture and vehicles24€25k€13k€3k€2k€2k▼ 29.5%
Leasing and similar rights25---€95k€76k▼ 20.3%
Assets under construction and advance payments27---€45k--
Financial fixed assets28€16k€16k€16k€16k€16k=
Current assets29/58€1.16M€998k€1.22M€1.04M€944k▼ 8.8%
Amounts receivable within one year40/41€650k€593k€717k€617k€557k▼ 9.7%
Trade receivables40€635k€593k€717k€566k€468k▼ 17.2%
Other amounts receivable41€15k--€51k€88k▲ 73.4%
Cash at bank and in hand54/58€505k€405k€505k€406k€375k▼ 7.8%
Deferred charges and accrued income490/1---€13k€13k▲ 0.5%
Equity and liabilities
Total equity and liabilities10/49€1.87M€1.80M€2.19M€2.09M€2.11M▲ 0.9%
Equity10/15€1.04M€1.11M€1.25M€1.41M€1.50M▲ 6.9%
Contributions10/11€19k€19k€19k€19k€19k=
Capital10----€19k-
Issued capital100----€19k-
Outside capital11€19k€19k€19k---
Other1109/19€19k€19k€19k---
Reserves13€994k€1.06M€1.20M€1.19M€1.45M▲ 21.9%
Non-distributable reserves130/1€2k€2k€2k€2k€2k=
Reserves not available under the articles1311€2k€2k€2k€2k€2k=
Tax-exempt reserves132€47k€37k€62k€48k€34k▼ 28.8%
Distributable reserves133€945k€1.02M€1.14M€1.14M€1.42M▲ 24.1%
Profit (loss) carried forward14€4k€10k€18k€190k€21k▼ 89.2%
Investment grants15€19k€19k€14k€9k€15k▲ 70.0%
Provisions and deferred taxes16€15k€12k€21k€16k€11k▼ 28.8%
Deferred taxes168€15k€12k€21k€16k€11k▼ 28.8%
Amounts payable17/49€825k€683k€913k€663k€589k▼ 11.1%
Amounts payable after more than one year17€292k€335k€359k€274k€184k▼ 32.9%
Financial debts170/4€172k€215k€239k€194k€104k▼ 46.5%
Other amounts payable178/9€120k€120k€120k€80k€80k=
Amounts payable within one year42/48€533k€348k€554k€389k€405k▲ 4.3%
Current portion of amounts payable after more than one year42€125k€127k€77k€104k€89k▼ 14.1%
Trade debts44€200k€49k€321k€94k€174k▲ 85.1%
Suppliers440/4€200k€49k€321k€94k€174k▲ 85.1%
Taxes, remuneration and social security45€119k€130k€106k€160k€96k▼ 40.1%
Taxes450/3€44k€35k€46k€108k€60k▼ 43.8%
Remuneration and social security454/9€74k€95k€59k€53k€36k▼ 32.5%
Other amounts payable47/48€89k€42k€50k€30k€46k▲ 51.3%
Line20212022202320242025Change
Profit (loss) for the period9904€230k€70k€154k€172k€92k▼ 46.7%
+ Depreciation and write-downs630€265k€259k€254k€274k€329k▲ 20.3%
Operating cash flow (approximation)€496k€329k€408k€446k€421k▼ 5.6%
Investment in fixed assets (approximation)-€-342k€-417k€-358k€-440k▼ 23.0%
Change in cash-€-100k€100k€-99k€-32k▲ 68.1%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

Next filing, fiscal year 2026, expected by 31-07-2027
2026
21-09
State Gazette act Appointment: VAN BELLEGHEM Dominique Marin Henri (non-statutory director)
Resignation: VAN BELLEGHEM Dominique Marin Henri (manager) · Capital conversion · Reserve release11 facts ▸
  • General meeting, 09-07-2026
  • Capital conversion, comptes de capitaux propres statutairement disponibles
  • Reserve release, suppression du compte de capitaux propres statutairement indisponible, fonds disponibles pour distribution
  • Statutes amendment
  • Capital
  • Board meeting, donner la mission à Maître Géraldine COLLARD, notaire à Morialmé, d'établir et de signer la coordination des statuts, conformément à la décision précédente, et…
  • Director appointment, VAN BELLEGHEM Dominique Marin Henri (non-statutory director)
  • Director resignation, VAN BELLEGHEM Dominique Marin Henri (manager)
  • Registered office clause, 5650 Walcourt, Rue Wayaux 30
  • Power of attorney, VAN BELLEGHEM Dominique Marin Henri
  • Purpose change
29-07
NBB filing Annual accounts filed
fiscal year 2025 · full schema
2025
30-07
NBB filing Annual accounts filed
fiscal year 2024 · full schema
2024
23-10
NBB filing Annual accounts filed
fiscal year 2023 · full schema · 84 days late
2023
27-07
NBB filing Annual accounts filed
fiscal year 2022 · full schema
2022
31-12
Financial Weakest financial yearnet €70k ▼69.6%
Net result drops to €70k, the lowest in the series; recovery starts the following year.
25-08
NBB filing Annual accounts filed
fiscal year 2021 · full schema · 25 days late
2021
31-12
Financial Highest result since 2018net €230k ▲119%
Operating result €290k, net result €230k, both a record.
31-12
Financial Equity above €1MEq €1.04M ▲28.4%
4 profitable years in a row build equity to €1.04M.
31-07
NBB filing Annual accounts filed
fiscal year 2020 · full schema
2020
22-07
NBB filing Annual accounts filed
fiscal year 2019 · full schema
2019
31-07
NBB filing Annual accounts filed
fiscal year 2018 · full schema
2018
31-07
NBB filing Annual accounts filed
fiscal year 2017 · full schema
2017
28-07
NBB filing Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 2 acts read
About the unread acts

Of the 2 Belgian State Gazette acts we know for this company, 1 has been read. The other one has not been read yet: what they contain is neither established nor disproved here.

Have them read with priority Sign in to place this company at the front of the reading queue.

Directors · office · real estate

Directors
no sitting director, last change in 2026
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
21-09-2026 Resigned as Manager
09-07-2026 Appointed as Non-statutory director
Not every act has been read: a resignation may be missing here
1 of this company's 2 Belgian State Gazette acts has not been read yet. Appointments and resignations recorded in them are missing above: a director who resigned there may therefore still show here as sitting. The acts are in the Timeline.
Location & real-estate footprint
Registered office, Walcourt · 1 establishment unit since 2008
seat establishment The establishment unit on the map
Ground area
4,376 m²
Building footprint
142 m²
Parcel 93011C0143/00S000, Wallonia. Linked by address, not a title deed.
1 establishment unit
TERRABEL
Rue Wayaux(Cha) 30, 5650 WalcourtCrop and animal production, hunting and related service activities
since 20082.169.177.346
1 parcel
Wallonia 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
93011C0143/00S000 Wallonia 4,376 m² 1 · 142 m² -
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.

Articles of association

Who signs
Purpose
Toutes opérations commerciales, financières et de financement se rapportant directement ou indirectement à l’entreprise agricole ainsi que de tous travaux de terrassement, de…
Full purpose (2 activities)
  1. Toutes opérations commerciales, financières et de financement se rapportant directement ou indirectement à l’entreprise agricole ainsi que de tous travaux de terrassement, de nivellement, d’égouttage, de drainage, d’aménagement et d’entretien de terrains divers, plaines de jeux et de sport, parcs et jardins, y compris la plantation et la pose de clôtures et palissades, l’entreprise de petite maçonnerie, ainsi que le transport se rapportant à ces activités et toutes opérations généralement quelconques s’y rapportant
  2. L’activité de commerce de matériel et accessoires tant au niveau agricole qu’au terrassement
Other provisions of the articles (26)
  • Legal form clause: société à responsabilité limitée, article 39, §1, alinéa 1 et 3 de la loi du 23 mars 2019
  • Name clause: TERRABEL
  • Registered office clause: Région wallonne, La société peut établir, par simple décision de l’organe d’administration, des sièges administratifs, agences, ateliers, dépôts et succursales,…
  • Other statement: Compte de capitaux propres statutairement indisponible, Pas d'application
  • Share issue rule: libérées à leur émission, En cas d’actionnaire unique-administrateur, ce dernier détermine librement, au fur et à mesure des besoins de la société et aux époque…
  • Other statement (4)
  • Share class: nominatives, nature des actions
  • Transfer restriction: cession d actions
  • Board rule: organe d administration, l'assemblée qui nomme le ou les administrateur(s) fixe leur nombre, la durée de leur mandat et, en cas de pluralité, leurs pouvoirs
  • Board rule: rémunération_des_administrateurs, L'assemblée générale décide si le mandat d'administrateur est ou non exercé gratuitement
  • Other statement: L'organe d'administration détermine s'ils agissent seul ou conjointement, gestion_journalière
  • Other statement: Toute personne peut renoncer à la convocation et, en tout cas, sera considérée comme ayant été régulièrement convoquée si elle est présente ou représentée à l'a…
  • Meeting access: si seul le droit de vote est suspendu, il peut toujours participer à l'assemblée générale sans pouvoir participer au vote
  • Voting rule: Tout actionnaire peut donner à toute autre personne, actionnaire ou non, par tout moyen de transmission, une procuration écrite pour le représenter à l'assemblé…
  • Other statement: Une procuration octroyée reste valable pour chaque assemblée générale suivante dans la mesure où il y est traité des mêmes points de l'ordre du jour, sauf si la…
  • Other statement: prorogation, cette prorogation n'annule pas les autres décisions prises
  • Profit allocation
  • Dissolution rule: décision de l'assemblée générale délibérant dans les formes prévues pour les modifications aux statuts
  • Liquidation rule
  • Liquidation distribution: les biens conservés leur sont remis pour être partagés dans la même proportion, l'actif net est réparti entre tous les actionnaires en proportion de leurs actio…
  • Other statement: Pour tout litige entre la société, ses actionnaires, administrateurs, commissaires et liquidateurs relatifs aux affaires de la société et à l'exécution des prés…
  • Other statement: Les dispositions du Code des sociétés et des associations auxquelles il ne serait pas licitement dérogé sont réputées inscrites dans les présents statuts et les…
  • Other statement: L'assemblée générale décidera à la prochaine assemblée générale annuelle sur la décharge au gérant démissionnaire pour l'exécution de son mandat., décharge

Structure & network

Capital and shareholders

Capital over the years
  1. 21-09-2026 Converted to available equity · 18,600 EUR

Recognitions · licences · registrations

Food safety, FASFC

1 site
Walcourt2.169.177.346
1 permission
Loonwerker - gebruik gewasbeschermingsmiddelen · since 01-01-2017

Similar companies · same sector, comparable size

Of 1,187 companies in sector 77399 we hold annual accounts for 710. 416 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
Founded31-10-2007
Fiscal year end31-12
Activities, NACEBEL 2025
01610Support activities for crop production
77399Renting and leasing of other machinery, equipment and tangible goods
43120Site preparation
43910Bricklaying and masonry work
49410Freight transport by road
81300Landscape service activities
Contact
Phone 0497/316798

Scores and ratios are computed by Checked and are not a credit decision.