TERRACENCE
ActiveTERRACENCE has been active since 2015 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.87M and a net result of €1.05M. Equity is growing by ~8.1% per year across the filed fiscal years. Its solvency ranks better than 77% of 8584 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
100
/ 100
Excellent▲ +10 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability100=
Solvency100=
Growth78=
Stability100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €190k at 30 days acceptable
Liquidity ample (current ratio 4.9 against 4.09 in 2024), and 19.1% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Sector 70
lower
← 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 2025Solvency, return and age of the figures
Solvency
80.9%
Return on assets
45.4%
Age of the figures
15 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-05-2025 was due by 31-12-2025 and was filed on 11-12-2025, 20 days ahead of the deadline.
NBB · 9 filingsDeviation from the deadline
2025
20 d early
2024
27 d early
2023
32 d early
2022
31 d early
2021
7 d early
2020
3 d early
2019
35 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-05-2026 and is due by 31-12-2026. Nothing is late today.
Companies Code · seven monthsPosition in the running window
31-05-2026 close14-09-2026 today31-12-2026 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€1.87M▲ 26.9%
2024 · €1.47M
2019: €1.15M
2020: €1.65M
2021: €1.87M
2022: €2.02M
2023: €2.53M
2024: €1.47M
2019 → 2025
Total assets
€2.31M▲ 18.7%
2024 · €1.94M
2019: €1.58M
2020: €1.95M
2021: €2.50M
2022: €2.68M
2023: €3.32M
2024: €1.94M
2019 → 2025
Net result
€1.05M▲ 1.0%
2024 · €1.04M
2019: €427k
2020: €496k
2021: €756k
2022: €751k
2023: €1.11M
2024: €1.04M
2019 → 2025
Working capital
€1.68M▲ 17.2%
2024 · €1.43M
2019: €1.12M
2020: €1.64M
2021: €1.82M
2022: €1.98M
2023: €2.50M
2024: €1.43M
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€1.87M-€2.02M▲ 8.1%€2.53M▲ 25.3%€1.47M▼ 42.0%€1.87M▲ 26.9%
Operating result€926k-€914k▼ 1.3%€1.37M▲ 50.1%€1.29M▼ 6.3%€1.35M▲ 5.4%
Net result€756k-€751k▼ 0.6%€1.11M▲ 48.0%€1.04M▼ 6.9%€1.05M▲ 1.0%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 5% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €2.31M
Fixed assets
€191k▲ 350%
Current assets
€2.11M▲ 11.3%
Equity and liabilities €2.31M
Equity
€1.87M▲ 26.9%
Debt
€440k▼ 6.8%
The debt ratio falls from 24.3% to 19.1%: equity grows while debt is paid down.
Key figures and ratios
EBITDA
€1.38M▲
2024 · €1.30M
Cash flow
€1.07M▲
2024 · €1.05M
Solvency
80.9%▲
2024 · 75.7%
Current ratio
4.90▲
2024 · 4.09
Quick ratio
4.90▲
2024 · 4.09
Debt / equity
0.24▼
2024 · 0.32
ROE
56.1%▼
2024 · 70.5%
ROA
45.4%▼
2024 · 53.3%
Interest coverage
831.69▼
2024 · 2305.70
Debt
€440k▼
2024 · €472k
Debt ≤ 1 year
€432k▼
2024 · €464k
Income taxes
€369k▲
2024 · €346k
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€1.94M€2.31M▲
Fixed assets21/28€42k€191k▲
Tangible fixed assets22/27€39k€88k▲
Plant, machinery and equipment23€39k€26k▼
Furniture and vehicles24-€61k
Financial fixed assets28€3k€103k▲
Current assets29/58€1.90M€2.11M▲
Amounts receivable within one year40/41€1.18M€2.03M▲
Other amounts receivable41€1.18M€2.03M▲
Cash at bank and in hand54/58€679k€50k▼
Deferred charges and accrued income490/1€37k€33k▼
Equity and liabilities
Total equity and liabilities10/49€1.94M€2.31M▲
Equity10/15€1.47M€1.87M▲
Contributions10/11€19k€19k=
Reserves13€1.45M€1.85M▲
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Distributable reserves133€1.45M€1.84M▲
Amounts payable17/49€472k€440k▼
Amounts payable within one year42/48€464k€432k▼
Trade debts44€34k€36k▲
Suppliers440/4€34k€36k▲
Taxes, remuneration and social security45€69k€101k▲
Taxes450/3€69k€101k▲
Other amounts payable47/48€361k€295k▼
Accrued charges and deferred income492/3€8k€8k=
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€13k€25k▲
Other operating charges640/8€1k€4k▲
Gross operating margin9900€1.30M€1.38M▲
Operating profit (loss)9901€1.29M€1.35M▲
Financial income75/76B€97k€62k▼
Recurring financial income75€97k€62k▼
Financial charges65/66B€563€2k▲
Recurring financial charges65€563€2k▲
Profit (loss) for the period before taxes9903€1.38M€1.41M▲
Income taxes67/77€346k€369k▲
Profit (loss) for the period9904€1.04M€1.05M▲
Profit (loss) for the period to be appropriated9905€1.04M€1.05M▲
Appropriation of the result
Profit (loss) to be appropriated9906€1.04M€1.05M▲
Transfer from equity791/2€1.50M-
Transfer to equity691/2€435k€396k▼
To other reserves6921€435k€396k▼
Profit to be distributed694/7€2.10M€650k▼
Return on contributions (dividend)694€2.10M€650k▼
The notes to these accounts (7 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
19-03
State Gazette act
General meeting · Capital increase
Bank account · Capital
2025
11-12
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2024
04-12
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2023
29-11
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
31-05
Financial
Highest result since 2019net €1.11M ▲48%
Operating result €1.37M, net result €1.11M, both a record.
2022
30-11
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
31-05
Financial
Equity above €2MEq €2.02M ▲8.1%
4 profitable years in a row build equity to €2.02M.
2021
24-12
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2020
28-12
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2019
26-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2018
29-11
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2017
27-11
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 directors, no change since 2025
DE BUYSERE Tessa
CurrentNon-statutory director · since 01-07-2025
01-07-2025
DE BUYSERE Tessa: Appointed as Non-statutory director
01-07-2025
COLLE Serge: Resigned as Manager
Location & real-estate footprint
Registered office, Merelbeke-Melle · 1 establishment unit since 2015
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.
Hollebeekpark 6A9820 Merelbeke-MelleGround area
2,308 m²
Building footprint
286 m²
Volume, LiDAR
1,529 m³
Parcel 44412C0612/00H000, Flanders · tallest building 6.9 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
SERGE COLLE BVBA
since 20152.243.751.837
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44412C0612/00H000 | Flanders | 2,308 m² | 1 · 286 m² | 6.9 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.
Structure & network
Ownership & control
1 partyTERRACENCEBE 0633.725.546
controls
Where this company holds controlthis company sits on their board1
1 location
Recognitions · licences · registrations
Legal Entity Identifier
6488L84ZWS7F4438MZ08
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Of 82,218 companies in sector 70200 we hold annual accounts for 52,396. 20,910 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded09-07-2015
Fiscal year end31-05
Activities, NACEBEL
70200Business and other management consultancy
70220Business consulting
Sources
Crossroads Bank for EnterprisesNational Bank · 9 filingsAddress and cadastre registers
Data from official sources, last processed on 12-09-2026. Scores and ratios are computed by Checked and are not a credit decision.