TERRABIO
ActiveThe file of TERRABIO contains 3 judicial reorganisations, as published in the Belgian State Gazette. The computed 12-month bankruptcy probability is 15.9% (high). The 2025 annual accounts show negative equity (€-257k) and a net result of €292k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 5% of 10230 sector peers (fiscal year 2025).
Checked score
Score 2025
Axes · tick = 2024
Profitability0=
Solvency33=
Growth58=
Stability60
Bankruptcy probability, 12 months
15.9%
High
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.49 against 0.27 in 2024), and equity is negative.
Credit advice for your own amount and term
Signals
Ten signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Sector 46
higher
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
-55.3%
Return on assets
62.8%
Age of the figures
8 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 5% of 10230 sector peers (2025).
NBB · sector comparisonPosition among 10230 sector peers
Solvency
better than 5%
← 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 · 10 filingsDeviation from the deadline
2025
31 d late
2024
99 d early
2023
20 d early
2022
41 d late
2021
31 d late
2020
25 d late
2019
18 d early
← before the deadline
after the deadline →
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
13-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€292k▲ 43.7%
2024 · €203k
2018: €23k
2019: €-267k
2020: €-195k
2021: €-1.14M
2022: €148k
2023: €400k
2024: €203k
2018 → 2025
Working capital
€-359k▲ 43.2%
2024 · €-633k
2018: €127k
2019: €-183k
2020: €-350k
2021: €-1.41M
2022: €-1.16M
2023: €-741k
2024: €-633k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€-1.30M-€-1.15M▲ 11.4%€-752k▲ 34.7%€-549k▲ 27.0%€-257k▲ 53.2%
Operating result€-433k-€311k€47k▼ 84.9%€231k▲ 392%€320k▲ 38.5%
Net result€-1.14M-€148k€400k▲ 171%€203k▼ 49.2%€292k▲ 43.7%
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 39% above 2024 and is the highest year so far.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €465k
Fixed assets
€123k▲ 6.3%
Current assets
€342k▲ 46.8%
Key figures and ratios
EBITDA
€324k▲
2024 · €235k
Cash flow
€296k▲
2024 · €208k
Solvency
-55.3%▲
2024 · -157.5%
Current ratio
0.49▲
2024 · 0.27
Quick ratio
0.34▲
2024 · 0.15
Debt / equity
-2.81▼
2024 · -1.63
ROE
-113.5%▼
2024 · -37.0%
ROA
62.8%▲
2024 · 58.3%
Interest coverage
10.91▲
2024 · 8.42
Debt
€722k▼
2024 · €898k
Debt ≤ 1 year
€702k▼
2024 · €866k
Debt > 1 year
€18k▼
2024 · €31k
Income taxes
€148
Staff costs
€481k▼
2024 · €500k
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 2024
Balance sheet
Code20242025
Assets
Total assets20/58€349k€465k▲
Fixed assets21/28€115k€123k▲
Intangible fixed assets21€6k€5k▼
Tangible fixed assets22/27€6k€14k▲
Plant, machinery and equipment23€6k€13k▲
Furniture and vehicles24€0€1k▲
Other tangible fixed assets26€0-
Financial fixed assets28€103k€104k▲
Current assets29/58€233k€342k▲
Stocks and contracts in progress3€104k€103k▼
Stocks30/36€104k€103k▼
Amounts receivable within one year40/41€54k€34k▼
Trade receivables40€47k€25k▼
Other amounts receivable41€7k€9k▲
Cash at bank and in hand54/58€73k€203k▲
Deferred charges and accrued income490/1€2k€3k▲
Equity and liabilities
Total equity and liabilities10/49€349k€465k▲
Equity10/15€-549k€-257k▲
Contributions10/11€50k€50k=
Reserves13€6k€6k=
Non-distributable reserves130/1€5k€5k=
Reserves not available under the articles1311€5k€5k=
Tax-exempt reserves132€632€632=
Profit (loss) carried forward14€-606k€-314k▲
Investment grants15€1k€1k=
Amounts payable17/49€898k€722k▼
Amounts payable after more than one year17€31k€18k▼
Financial debts170/4€31k€18k▼
Amounts payable within one year42/48€866k€702k▼
Current portion of amounts payable after more than one year42€12k€12k=
Trade debts44€732k€569k▼
Suppliers440/4€732k€569k▼
Taxes, remuneration and social security45€95k€92k▼
Taxes450/3€12k€8k▼
Remuneration and social security454/9€83k€84k▲
Other amounts payable47/48€27k€28k▲
Accrued charges and deferred income492/3€359€3k▲
Income statement
Code20242025
Remuneration, social security and pensions62€500k€481k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€4k€5k▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€0-
Other operating charges640/8€26k€14k▼
Non-recurring operating charges66A€0-
Gross operating margin9900€761k€819k▲
Operating profit (loss)9901€231k€320k▲
Financial income75/76B€422€2k▲
Recurring financial income75€422€2k▲
Non-recurring financial income76B€0-
Financial charges65/66B€28k€30k▲
Recurring financial charges65€28k€30k▲
Profit (loss) for the period before taxes9903€203k€292k▲
Income taxes67/77-€148
Profit (loss) for the period9904€203k€292k▲
Profit (loss) for the period to be appropriated9905€203k€292k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-606k€-314k▲
Profit (loss) brought forward from the previous period14P€-809k€-606k▲
Social balance
Average headcount (FTE)908713.6-
The notes to these accounts (12 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
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 31 days late
2025
23-04
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
11-07
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
31-12
Financial
Highest result since 2018net €400k ▲171%
Net result €400k, the highest in the series.
05-10
Judicial reorganisation
Plan homologation
Tribunal de l’entreprise francophone de Bruxelles · 20230002 · event 20-09-2023
10-09
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 41 days late
27-06
Judicial reorganisation
Extension
Tribunal de l’entreprise francophone de Bruxelles · collectif_pme · event 21-06-2023
31-01
Judicial reorganisation
Opening
Tribunal de l’entreprise francophone de Bruxelles · collectif_pme · event 25-01-2023
2022
31-12
Financial
Back to profitnet €148k
Net result €148k after 3 loss-making years.
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 31 days late
2021
31-12
Financial
Weakest financial yearnet €-1.14M
Net result drops to €-1.14M, the lowest in the series; recovery starts the following year.
25-08
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 25 days late
2020
13-07
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
12-07
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
11-07
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
13-07
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
5 directors, no change since 2024
Florian Piette
CurrentDirector · since 12-07-2024
EAU SRL
CurrentDirector · since 01-02-2023 · Legal entity · perm. rep.: EAU SRL
12-07-2024
Florian Piette: Appointed as Director
12-07-2024
Elsa Pluquet: Resigned as Director
12-07-2024
Henry Vercruysse: Resigned as Director
01-02-2023
EAU SRL: Appointed as Director
01-02-2023
Vercruysse Henri: Resigned as Director
Location & real-estate footprint
Registered office, Brussel · 2 establishment units since 2009
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.
Huidevettersstraat 58-621000 BrusselGround area
1.1 ha
Building footprint
8,720 m²
Volume, LiDAR
81,974 m³
2 parcels, Brussels · tallest building 20.0 m, ±3 floors. Linked by address, not a title deed.
2 establishment units
Terrabio-TAN
since 20092.182.242.751
Terrabio-BE
since 20192.285.854.290
2 parcels
Brussels
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21815D0310/00F000 | Brussels | 6,263 m² | 1 · 6,238 m² | 19.7 m · 3 fl. |
| 21809K1420/00G000 | Brussels | 4,945 m² | 1 · 2,481 m² | 20.0 m · 3 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
2 of these parcels carry protected heritage (source: regional heritage registers, Onroerend Erfgoed / patrimoine.brussels).
Recognitions · licences · registrations
Food safety, FASFC
2 sitesBrussel2.182.242.751
Brussel2.285.854.290
Similar companies · same sector, comparable size
LMDIS
BE 0743.974.360
Marche-en-Famenne · Eq €39k
BFC BRAND
BE 0773.711.986
Zaventem · Eq €40k
La Vitrine Locale
BE 0784.342.988
Nivelles · Eq €39k
DELI-GROEP
BE 0451.505.306
Antwerpen · Eq €40k
LA Poppe
BE 0651.878.503
Antwerpen · Eq €39k
Of 1,413 companies in sector 46389 we hold annual accounts for 843. 477 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded05-10-2009
Fiscal year end31-12
Activities, NACEBEL
46389Wholesale of other food products
47110Non-specialised retail sale with food, beverages or tobacco predominating
47113Retail trade
46190Agents in non-specialised wholesale trade
Sources
Crossroads Bank for EnterprisesNational Bank · 16 filingsAddress and cadastre registers
Data from official sources, last processed on 13-09-2026. Scores and ratios are computed by Checked and are not a credit decision.