TERRACAP
ActiveTERRACAP has been active since 2012 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €174k and a net result of €-106k. Equity is growing by ~7.5% per year across the filed fiscal years. Its solvency ranks better than 28% of 1845 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.4% (low).
Checked score
Score 2025
42
/ 100
Weak
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability23▼-62
Solvency48▼-2
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
1.4%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €7k at 30 days only on tighter terms
Liquidity short (current ratio 0.65 against 0.91 in 2024; short-term debt: 64.6% and cash: 4.1% of total assets), and 77.1% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six 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 49
Relative position
BE, all sectors
reference
Sector 49
higher
← 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
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 31-07-2026, 0 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
on the day
2024
on the day
2023
30 d late
2022
31 d late
2021
12 d late
2020
4 d late
2019
9 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
22-09-2026 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
€-106k
2024 · €144k
2018: €33k
2019: €45k
2020: €8k
2021: €-71k
2022: €80k
2023: €-8k
2024: €144k
2018 → 2025
Working capital
€-173k▼ 192%
2024 · €-59k
2018: €-65k
2019: €-4k
2020: €-18k
2021: €-182k
2022: €-158k
2023: €-208k
2024: €-59k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€78k-€144k▲ 84.5%€140k▼ 2.9%€282k▲ 101%€174k▼ 38.2%
Operating result€-93k-€102k€-65k€199k€-69k
Net result€-71k-€80k€-8k€144k€-106k
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €69k after €199k in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €759k
Fixed assets
€441k▼ 20.6%
Current assets
€318k▼ 44.1%
Equity and liabilities €759k
Equity
€174k▼ 38.2%
Debt
€585k▼ 30.6%
The debt ratio rises from 75.0% to 77.1%. Equity and debt are lower.
Key figures and ratios
EBITDA
€104k▼
2024 · €362k
Cash flow
€67k▼
2024 · €306k
Solvency
22.9%▼
2024 · 25.0%
Current ratio
0.65▼
2024 · 0.91
Quick ratio
0.65▼
2024 · 0.91
Debt / equity
3.36▲
2024 · 2.99
ROE
-60.8%▼
2024 · 51.0%
ROA
-13.9%▼
2024 · 12.8%
Interest coverage
2.59▼
2024 · 21.74
Debt
€585k▼
2024 · €843k
Debt ≤ 1 year
€491k▼
2024 · €629k
Debt > 1 year
€94k▼
2024 · €214k
Income taxes
€448▼
2024 · €52k
Staff costs
€461k▲
2024 · €441k
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€1.12M€759k▼
Fixed assets21/28€555k€441k▼
Tangible fixed assets22/27€542k€428k▼
Plant, machinery and equipment23€111k€108k▼
Furniture and vehicles24€21k€13k▼
Leasing and similar rights25€405k€302k▼
Other tangible fixed assets26€6k€5k▼
Financial fixed assets28€13k€13k=
Current assets29/58€569k€318k▼
Amounts receivable within one year40/41€530k€283k▼
Trade receivables40€414k€177k▼
Other amounts receivable41€117k€106k▼
Cash at bank and in hand54/58€29k€31k▲
Deferred charges and accrued income490/1€10k€5k▼
Equity and liabilities
Total equity and liabilities10/49€1.12M€759k▼
Equity10/15€282k€174k▼
Contributions10/11€19k€19k=
Reserves13€261k€155k▼
Distributable reserves133€261k€155k▼
Investment grants15€2k-
Amounts payable17/49€843k€585k▼
Amounts payable after more than one year17€214k€94k▼
Financial debts170/4€214k€94k▼
Amounts payable within one year42/48€629k€491k▼
Current portion of amounts payable after more than one year42€122k€97k▼
Trade debts44€225k€248k▲
Suppliers440/4€225k€248k▲
Taxes, remuneration and social security45€280k€145k▼
Taxes450/3€133k€77k▼
Remuneration and social security454/9€147k€69k▼
Other amounts payable47/48€1k€1k=
Income statement
Code20242025
Remuneration, social security and pensions62€441k€461k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€163k€172k▲
Other operating charges640/8€8k€68k▲
Non-recurring operating charges66A€269-
Gross operating margin9900€811k€633k▼
Operating profit (loss)9901€199k€-69k▼
Financial income75/76B€13k€3k▼
Recurring financial income75€4k€2k▼
Non-recurring financial income76B€9k€2k▼
Financial charges65/66B€17k€40k▲
Recurring financial charges65€17k€40k▲
Non-recurring financial charges66B-€202
Profit (loss) for the period before taxes9903€195k€-105k▼
Income taxes67/77€52k€448▼
Profit (loss) for the period9904€144k€-106k▼
Profit (loss) for the period to be appropriated9905€144k€-106k▼
Appropriation of the result
Profit (loss) to be appropriated9906€259k€-106k▼
Profit (loss) brought forward from the previous period14P€116k-
Transfer from equity791/2-€106k
Transfer to equity691/2€259k-
To other reserves6921€259k-
Social balance
Average headcount (FTE)90879.08.0▼
The notes to these accounts (13 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
31-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Weakest financial yearnet €-106k ▼174%
Net result drops to €-106k, the lowest in the series.
31-07
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
31-12
Financial
Back to profitnet €144k
Net result €144k after one loss-making year.
31-12
Financial
Equity above €200kEq €282k ▲101%
Equity rises from €140k to €282k.
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 30 days late
2023
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 31 days late
2022
31-12
Financial
Back to profitnet €80k
Net result €80k after one loss-making year.
31-12
Financial
Equity above €100kEq €144k ▲84.5%
Equity rises from €78k to €144k.
12-08
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 12 days late
2021
04-08
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 4 days late
2020
31-12
Financial
Equity above €150kEq €151k ▲2.9%
3 profitable years in a row build equity to €151k.
22-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Equity above €100kEq €147k ▲61%
2 profitable years in a row build equity to €147k.
14-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 14 days late
2018
18-09
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 49 days late
2017
29-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 29 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
3 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, Fleurus · 1 establishment unit since 2012
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 de Wangenies(FL) 1666220 FleurusGround area
70 m²
Building footprint
71 m²
Volume, LiDAR
368 m³
Parcel 52332C0371/00W008, Wallonia · tallest building 6.3 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
TERRACAP
since 20122.206.736.340
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 52332C0371/00W008 | Wallonia | 70 m² | 1 · 71 m² | 6.2 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.
Similar companies · same sector, comparable size
HAGHEDOOREN-DEMEYERE
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BE 0863.386.013
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B.H.B.
BE 0444.737.278
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VERLOTRANS
BE 0556.984.391
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HD COMPANY
BE 0748.970.256
Beveren-Kruibeke-Zwijndrecht · Eq €174k
Of 12,606 companies in sector 49410 we hold annual accounts for 8,199. 6,285 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded10-02-2012
Fiscal year end31-12
Activities, NACEBEL
01610Support activities for crop production
41001General construction of residential buildings
49410Freight transport by road
37000Sewerage
42212Civil engineering
43120Site preparation
43990Other specialised construction activities
71113Urban planning and landscape architecture
Sources
Crossroads Bank for EnterprisesNational Bank · 14 filingsAddress and cadastre registers
Data from official sources, last processed on 21-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
1 entryE-mail:info@terracap.be