Equity
€6.1m ▲ 3.9%
Terraco has made a profit without a break since 2016.
Terraco
Lifetime
17 annual accounts with figures on one time axis, 49 filings since 1977peak €1.5m (2019)
€74,320▼ 18.0%
lowest -€28,963 (2010)
€228,249▼ 57.5%
peak €6.1m (2025)
€6.1m▲ 3.9%
€327,417▼ 28.6%
peak 13.5 FTE (2019)
-not published
Board3 names since 2016
3 directorsMANAGEMENT VANHOEYVELD and 2 others
Owners
Documentsfilings and deeds
24-06-202637 days before the deadline
2025financial year
Gross margin from €90,586 to €74,320Result from €537,675 to €228,249Debts from €458,347 to €327,417
Key points
from the 2025 annual accountsResult
€228,249 ▼ 57.5%
The result fell in 2025: different schema filed.
Turnover
≈ €210,000 estimated
The accounts state no turnover.
Filings
49 annual accounts since 1977
The 2023 accounts came 6 days late. The other nine of the last ten were filed on time.
At the same address
5 companies
Position in the sector
94.9%
Higher solvency than 95% of companies in civil engineering. Sector median 40.1% · 378 companies.
Checked score
96
Excellent
Financially stronger than 68% of small companies in civil engineering (NACE 42)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
< 0.1% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.2% across 301 companies (NACE 42, small).
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: < 0.1%
01-2025: < 0.1%● unchanged vs 12-2024
02-2025: < 0.1%● unchanged vs 01-2025
03-2025: < 0.1%● unchanged vs 02-2025
04-2025: < 0.1%● unchanged vs 03-2025
05-2025: < 0.1%● unchanged vs 04-2025
06-2025: < 0.1%● unchanged vs 05-2025highest value
07-2025: < 0.1%● unchanged vs 06-2025
08-2025: < 0.1%● unchanged vs 07-2025
09-2025: < 0.1%● unchanged vs 08-2025
10-2025: < 0.1%● unchanged vs 09-2025
11-2025: < 0.1%● unchanged vs 10-2025
12-2025: < 0.1%● unchanged vs 11-2025
01-2026: < 0.1%● unchanged vs 12-2025
02-2026: < 0.1%● unchanged vs 01-2026
03-2026: < 0.1%● unchanged vs 02-2026
04-2026: < 0.1%● unchanged vs 03-2026
05-2026: < 0.1%● unchanged vs 04-2026
06-2026: < 0.1%● unchanged vs 05-2026
07-2026: < 0.1%● unchanged vs 06-2026lowest value
08-2026: < 0.1%● unchanged vs 07-2026lowest value
09-2026: < 0.1%● unchanged vs 08-2026lowest value
10-2026: < 0.1%● unchanged vs 09-2026
11-2026: < 0.1%● unchanged vs 10-2026
Financial strengthStrong
Score breakdown
lowers risk
Size: total assets €6.5m
Liquidity: current ratio 15.04, cash €1.4m
Founded in 1960
Equity €6.1m (94.9% of total assets)
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 42, small). It does better than 96% of them on solvency, 91% on liquidity, 47% on profitability and 40% on growth.
The bankruptcy probability was computed on 10-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 1,887 companies had the same profile as Terraco has now. Each dot stands for 5 companies, two years later.
97.9%
were still trading
2.0%
stopped another way
0.1%
went bankrupt
That fits the bankruptcy probability of Terraco itself: < 0.1% within 12 months.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 1,887 companies, not a prediction for Terraco. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
Credit of up to €550,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 15.04 (14.05 in 2024), above the usual 1.5. Short-term debt is 2.1% and cash 22.3% of total assets. 5.1% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
5 signals, none raises the risk
Five signals.
lowers riskneutral
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 24-06-2026, 37 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
37 days early
2024
36 days early
2023
6 days late
2022
2 days early
2021
56 days early
2020
97 days early
2019
15 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 34 days before the deadline. In the sector (NACE 42), the median for financial year 2024 was 2 days before the deadline, and 41% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 25 June (4 of the last 5 accounts filed within 34 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
11-11-2026 today31-12-2026 year end31-07-2027 deadline
Board and ownership
- VANHOEYVELD-VERHOEFT 99%score 67equity €4.9m (2025) · 2025 annual accounts of VANHOEYVELD-VERHOEFT
Shares in 1 company, Centrale voor Beton en Asfalt
Board & ownershipRecent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0403855243
3 directors resigning, 3 reappointments
Resignations: Vanhoeyveld-Verhoeft, VERHOEFT Marie-Jeanne and MANAGEMENT VANHOEYVELD · Reappointments: Vanhoeyveld-Verhoeft, VERHOEFT Marie-Jeanne and MANAGEMENT VANHOEYVELD · Permanent representative: VANHOEYVELD Albert · Gazette deed
Demerger: TERRACO splits off to BV VANHOEYVELD B & M
General meeting of 14-07-2021 · Gazette deed
Demerger proposal: Terraco splits off to Vanhoeyveld B&M
Permanent representative: Vanhoeyveld Albert · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| Terraco Boortmeerbeek | €6.5m | €74,320 | 94.9% | - |
| SOCIETE POUR L'ENTRETIEN ROUTIER et pour PLANTATIONS Perwez | €4.1m | €136,879 | 9.8% | 1.6 |
| TRADEHY Gembloux | €7.2m | €40,649 | 14.6% | - |
| G. MEERSSEMAN EN ZOON Wervik | €2.4m | €125,498 | 68.9% | 1 |
| LARCIN Estinnes | €2.7m | €227,637 | 94.1% | 3 |
| Immo Nysen Bocholt | €2.3m | €49,335 | 27.3% | - |
| EMERIC D'HOLLANDER Antwerp | €3.7m | €310,716 | -9.2% | 11.2 |
These companies have the same main activity as Terraco: construction of roads and motorways (NACE 42110). They are comparable in size and age: total assets between €2.3m and €7.2m, founded between 1967 and 1994.
Official details
Source: KBO- Status
- Active since 30-12-1960Normal situation
- Activity
- Construction of roads and motorwaysNACE 42110and 1 other
- Establishment unit
- 2.018.023.6323190 Boortmeerbeek, since 05-08-1980
- Financial year end
- 31 December
- Peppol
- Reachable since 17-04-2025
Annual accounts 2025
- €6.5m▲ 1.5%
- Filing
- Filed on 24-06-2026, 37 days before the end of the filing period
Insights on Terraco
Terraco has existed since 1960. The gross margin fell from €1.5m in 2019 to €19,176 in 2022.
VANHOEYVELD-VERHOEFT holds 99% of the shares.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about Terraco
- What is the company number of Terraco?
- The company number of Terraco is 0403.855.243. The VAT number is the same number with BE in front: BE 0403.855.243.
- Where is Terraco based?
- The registered office is at Leuvensesteenweg 38, 3191 Boortmeerbeek.Company details
- What does Terraco do?
- According to the KBO register, the main activity is construction of roads and motorways (NACE 42110).
- What is the legal form of Terraco?
- Terraco is a public limited company (NV).
- When was Terraco founded?
- Terraco was founded on 30-12-1960.
- Is Terraco still active?
- Yes, Terraco is an active enterprise in the KBO register.
- How many employees does Terraco have?
- Terraco had an average of 3.7 full-time equivalents in financial year 2021, according to the filed annual accounts.Financials
- What is the turnover of Terraco?
- The turnover in financial year 2025 is ≈ €210,000. This figure is estimated from the gross margin of €74,320 and 1,300 comparable companies of the same size. It probably lies between €130,000 and €400,000. It is a rough estimate.
- Is Terraco profitable?
- In financial year 2025, Terraco made a profit of €228,249.
- Where can I find the annual accounts of Terraco?
- Terraco filed 49 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of Terraco due?
- Terraco must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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