TERRACERT
ActiveTERRACERT has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €114k and a net result of €71k. Equity is growing by ~7.3% per year across the filed fiscal years. Its solvency ranks better than 23% of 9417 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2025
62
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability87▲+9
Solvency48▼-20
Growth32▼-20
Track record94
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €7k at 30 days acceptable
Liquidity short (current ratio 0.97 against 1.39 in 2024; short-term debt: 72.2% and cash: 16.7% of total assets), and 77.3% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Nine signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 71
Relative position
BE, all sectors
reference
Sector 71
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
22.7%
Return on assets
14.2%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 23% of 9417 sector peers (2025).
NBB · sector comparisonPosition among 9417 sector peers
Solvency
better than 23%
← weakest
strongest →
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 24-04-2026, 98 days ahead of the deadline.
NBB · 4 filingsDeviation from the deadline
2025
98 d early
2024
1 d early
2023
2 d early
2022
32 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
18-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€114k▼ 53.1%
2024 · €242k
2022: €158k
2023: €202k
2024: €242k
2022 → 2025
Total assets
€501k▼ 10.9%
2024 · €562k
2022: €473k
2023: €571k
2024: €562k
2022 → 2025
Net result
€71k▲ 74.7%
2024 · €41k
2022: €128k
2023: €44k
2024: €41k
2022 → 2025
Working capital
€-12k
2024 · €90k
2022: €74k
2023: €12k
2024: €90k
2022 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2022202320242025Trend
Equity€158k-€202k▲ 27.9%€242k▲ 20.2%€114k▼ 53.1%
Operating result€176k-€59k▼ 66.2%€69k▲ 15.2%€102k▲ 48.9%
Net result€128k-€44k▼ 65.5%€41k▼ 7.3%€71k▲ 74.7%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 49% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €501k
Fixed assets
€151k▼ 36.8%
Current assets
€349k▲ 8.3%
Equity and liabilities €501k
Equity
€114k▼ 53.1%
Debt
€387k▲ 21.0%
The debt ratio rises from 56.9% to 77.3%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€190k▲
2024 · €158k
Cash flow
€160k▲
2024 · €130k
Solvency
22.7%▼
2024 · 43.1%
Current ratio
0.97▼
2024 · 1.39
Quick ratio
0.88▼
2024 · 1.21
Debt / equity
3.41▲
2024 · 1.32
ROE
62.7%▲
2024 · 16.8%
ROA
14.2%▲
2024 · 7.2%
Interest coverage
22.74▲
2024 · 12.55
Debt
€387k▲
2024 · €320k
Debt ≤ 1 year
€362k▲
2024 · €233k
Debt > 1 year
€15k▼
2024 · €77k
Income taxes
€24k▲
2024 · €15k
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€562k€501k▼
Fixed assets21/28€240k€151k▼
Intangible fixed assets21€135k€75k▼
Tangible fixed assets22/27€101k€72k▼
Plant, machinery and equipment23€899€108▼
Furniture and vehicles24€98k€71k▼
Other tangible fixed assets26€2k€1k▼
Financial fixed assets28€4k€4k=
Current assets29/58€323k€349k▲
Stocks and contracts in progress3€41k€33k▼
Stocks30/36€41k€33k▼
Amounts receivable within one year40/41€89k€124k▲
Trade receivables40€77k€124k▲
Other amounts receivable41€12k€0▼
Current investments50/53€100k€100k=
Cash at bank and in hand54/58€85k€84k▼
Deferred charges and accrued income490/1€7k€9k▲
Equity and liabilities
Total equity and liabilities10/49€562k€501k▼
Equity10/15€242k€114k▼
Contributions10/11€30k€30k=
Profit (loss) carried forward14€212k€84k▼
Amounts payable17/49€320k€387k▲
Amounts payable after more than one year17€77k€15k▼
Financial debts170/4€77k€15k▼
Amounts payable within one year42/48€233k€362k▲
Current portion of amounts payable after more than one year42€61k€61k▲
Trade debts44€39k€40k▲
Suppliers440/4€39k€40k▲
Taxes, remuneration and social security45€22k€16k▼
Taxes450/3€22k€16k▼
Other amounts payable47/48€112k€245k▲
Accrued charges and deferred income492/3€10k€10k▼
Income statement
Code20242025
Non-recurring operating income76A€0-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€90k€88k▼
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€600€0▼
Other operating charges640/8€1k€1k▲
Gross operating margin9900€160k€191k▲
Operating profit (loss)9901€69k€102k▲
Financial income75/76B-€1k
Recurring financial income75-€1k
Financial charges65/66B€13k€8k▼
Recurring financial charges65€13k€8k▼
Profit (loss) for the period before taxes9903€56k€95k▲
Income taxes67/77€15k€24k▲
Profit (loss) for the period9904€41k€71k▲
Profit (loss) for the period to be appropriated9905€41k€71k▲
Appropriation of the result
Profit (loss) to be appropriated9906€212k€284k▲
Profit (loss) brought forward from the previous period14P€172k€212k▲
Profit to be distributed694/7-€200k
Return on contributions (dividend)694-€200k
The notes to these accounts (15 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
24-04
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
30-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Weakest financial yearnet €41k ▼7.3%
Net result drops to €41k, the lowest in the series; recovery starts the following year.
29-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Equity above €200kEq €202k ▲27.9%
2 profitable years in a row build equity to €202k.
29-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
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, Bastogne · 2 establishment units since 2021
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 des Mandurons(Mande) 366687 BastogneGround area
1.1 ha
Building footprint
2,403 m²
Volume, LiDAR
1,116 m³
2 parcels, Wallonia · tallest building 8.0 m, ±2 floors. Linked by address, not a title deed.
2 establishment units
TERRACERT
since 20212.327.633.279
TERRACERT
since 20212.327.633.378
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 83002A0999/00A031 | Wallonia | 7,337 m² | 1 · 2,212 m² | - |
| 82016E0108/00R000 | Wallonia | 3,251 m² | 1 · 191 m² | 8.0 m · 2 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.
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Of 2,145 companies in sector 71209 we hold annual accounts for 1,085. 825 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded13-12-2021
Fiscal year end31-12
Activities, NACEBEL
71209Other technical testing and analysis
70200Business and other management consultancy
70220Business consulting
Sources
Crossroads Bank for EnterprisesNational Bank · 4 filingsAddress and cadastre registers
Data from official sources, last processed on 18-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
2 entriesE-mail:info@terracert.be
Phone:+32473970453