Terraco
ActiveSummary
Terraco has been active since 1960 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €5.91M and a net result of €538k. Equity is growing by ~6.2% per year across the filed fiscal years. Its solvency ranks better than 95% of 493 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability79▼-1
Solvency100=
Growth78=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €500k at 30 days acceptable
Liquidity ample (current ratio 14.05 against 10.48 in 2023; short-term debt: 2.1% and cash: 20.3% of total assets), and 7.2% of the assets are financed with debt.
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Signals
Five 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 42
Relative position
BE, all sectors
reference
Civil engineering (NACE 42)
about 27% more bankruptcies
← 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 2024Solvency, return and age of the figures
Solvency
92.8%
Return on assets
8.4%
Age of the figures
21 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 25-06-2025, 36 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
36 d early
2023
6 d late
2022
2 d early
2021
56 d early
2020
97 d early
2019
15 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
History
Financials · fiscal year 2024, abbreviated schema
Equity
€5.91M▲ 10.0%
2023 · €5.37M
Total assets
€6.37M▲ 6.7%
2023 · €5.97M
Net result
€538k▼ 1.0%
2023 · €543k
Working capital
€1.74M▲ 33.4%
2023 · €1.30M
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result€273k▼ 62.1%€321k▲ 17.7%€-32k€52k€57k▲ 8.4%
Net result€462k▼ 42.1%€582k▲ 26.0%€309k▼ 46.9%€543k▲ 75.9%€538k▼ 1.0%
Equity€4.74M▲ 8.3%€5.02M▲ 6.0%€5.33M▲ 6.2%€5.37M▲ 0.8%€5.91M▲ 10.0%
Total assets€7.08M▲ 10.5%€6.21M▼ 12.3%€6.05M▼ 2.5%€5.97M▼ 1.4%€6.37M▲ 6.7%
Debt€2.34M▲ 15.4%€1.19M▼ 49.3%€723k▼ 39.1%€594k▼ 17.9%€458k▼ 22.8%
Working capital€754k▲ 23.8%€1.03M▲ 37.1%€1.31M▲ 26.6%€1.30M▼ 0.6%€1.74M▲ 33.4%
Staff (FTE)12▼ 11.1%3.7▼ 69.2%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed two years in a row; 2024 is 8% above 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €6.37M
Fixed assets
€4.50M ▼ 0.6%
Current assets
€1.87M ▲ 29.9%
Equity and liabilities €6.37M
Equity
€5.91M ▲ 10.0%
Debt
€458k ▼ 22.8%
Debt's share of the balance-sheet total falls from 9.9% to 7.2%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€81k▲
2023 · €77k
Cash flow
€562k▼
2023 · €568k
Current ratio
14.05▲
2023 · 10.48
Debt to equity
0.08▼
2023 · 0.11
ROE
9.1%▼
2023 · 10.1%
ROA
8.4%▼
2023 · 9.1%
Interest coverage
10.13▲
2023 · 8.08
Debt ≤ 1 year
€133k▼
2023 · €137k
Debt > 1 year
€325k▼
2023 · €456k
Income taxes
€12k▲
2023 · €261
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | €7k | - |
| Remuneration, social security and pensions62 | - | €216k | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €65k | €27k | €24k | €24k | €24k | = |
| Other operating charges640/8 | - | €10k | €11k | €9k | €9k | ▲ 4.0% |
| Non-recurring operating charges66A | - | €3k | €15k | €1k | - | - |
| Gross operating margin9900 | €1.04M | €577k | €19k | €87k | €91k | ▲ 4.0% |
| Operating profit (loss)9901 | €273k | €321k | €-32k | €52k | €57k | ▲ 8.4% |
| Financial income75/76B | - | €350k | €350k | €501k | €501k | ▲ 0.1% |
| Recurring financial income75 | €269k | €350k | €350k | €501k | €501k | ▲ 0.1% |
| Financial charges65/66B | - | €14k | €12k | €10k | €8k | ▼ 15.7% |
| Recurring financial charges65 | €15k | €14k | €12k | €10k | €8k | ▼ 15.7% |
| Profit (loss) for the period before taxes9903 | €527k | €657k | €306k | €544k | €550k | ▲ 1.2% |
| Income taxes67/77 | €65k | €75k | €-3k | €261 | €12k | ▲ 4,576% |
| Profit (loss) for the period9904 | €462k | €582k | €309k | €543k | €538k | ▼ 1.0% |
| Profit (loss) for the period to be appropriated9905 | €462k | €582k | €309k | €543k | €538k | ▼ 1.0% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €7.08M | €6.21M | €6.05M | €5.97M | €6.37M | ▲ 6.7% |
| Fixed assets21/28 | €4.84M | €4.70M | €4.61M | €4.53M | €4.50M | ▼ 0.6% |
| Tangible fixed assets22/27 | €2.68M | €2.55M | €2.51M | €2.48M | €2.46M | ▼ 1.0% |
| Land and buildings22 | - | €2.54M | €2.51M | €2.48M | €2.46M | ▼ 1.0% |
| Furniture and vehicles24 | - | €13k | - | - | - | - |
| Financial fixed assets28 | €2.16M | €2.15M | €2.10M | €2.05M | €2.04M | ▼ 0.2% |
| Current assets29/58 | €2.23M | €1.50M | €1.44M | €1.44M | €1.87M | ▲ 29.9% |
| Stocks and contracts in progress3 | €3k | - | - | - | - | - |
| Amounts receivable within one year40/41 | €959k | €653k | €565k | €569k | €569k | = |
| Trade receivables40 | - | €105k | €17k | €5k | €5k | = |
| Other amounts receivable41 | - | €548k | €547k | €565k | €565k | = |
| Cash at bank and in hand54/58 | €1.26M | €849k | €876k | €864k | €1.29M | ▲ 49.8% |
| Deferred charges and accrued income490/1 | - | €2k | €5k | €5k | €5k | ▲ 2.1% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €7.08M | €6.21M | €6.05M | €5.97M | €6.37M | ▲ 6.7% |
| Equity10/15 | €4.74M | €5.02M | €5.33M | €5.37M | €5.91M | ▲ 10.0% |
| Contributions10/11 | €87k | €87k | €87k | €87k | €87k | = |
| Capital10 | - | €87k | €87k | €87k | €87k | = |
| Issued capital100 | - | €87k | €87k | €87k | €87k | = |
| Revaluation surpluses12 | - | €583k | €583k | €583k | €583k | = |
| Reserves13 | €4.07M | €4.35M | €4.66M | €4.70M | €5.24M | ▲ 11.4% |
| Non-distributable reserves130/1 | - | €106k | €106k | €106k | €106k | = |
| Legal reserve130 | - | €99k | €99k | €99k | €99k | = |
| Other1319 | - | €7k | €7k | €7k | €7k | = |
| Distributable reserves133 | - | €4.24M | €4.55M | €4.60M | €5.13M | ▲ 11.7% |
| Amounts payable17/49 | €2.34M | €1.19M | €723k | €594k | €458k | ▼ 22.8% |
| Amounts payable after more than one year17 | €845k | €716k | €586k | €456k | €325k | ▼ 28.7% |
| Financial debts170/4 | - | €716k | €586k | €456k | €325k | ▼ 28.7% |
| Amounts payable within one year42/48 | €1.48M | €471k | €136k | €137k | €133k | ▼ 3.1% |
| Current portion of amounts payable after more than one year42 | - | €129k | €130k | €130k | €131k | ▲ 0.5% |
| Trade debts44 | €626k | €52k | €7k | €7k | €51 | ▼ 99.3% |
| Suppliers440/4 | - | €52k | €7k | €7k | €51 | ▼ 99.3% |
| Taxes, remuneration and social security45 | - | - | - | - | €2k | - |
| Taxes450/3 | - | - | - | - | €2k | - |
| Other amounts payable47/48 | - | €290k | - | - | - | - |
| Accrued charges and deferred income492/3 | - | - | €88 | - | - | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €462k | €582k | €309k | €543k | €538k | ▼ 1.0% |
| + Depreciation and write-downs630 | €65k | €27k | €24k | €24k | €24k | = |
| Operating cash flow (approximation) | €527k | €609k | €333k | €568k | €562k | ▼ 1.0% |
| Investment in fixed assets (approximation) | - | €112k | €71k | €55k | €4k | ▼ 93.3% |
| Change in cash | - | €-414k | €27k | €-11k | €430k | ▲ 3,927% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
More with these figures Sector benchmark What changed Value indication
Timeline · acts, filings and financial milestones
2025
25-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
06-08
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 6 days late
2023
29-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Liquidity triplescurrent ratio 10.59
Current ratio from 3.20 to 10.59; short-term debt falls from €471k to €136k.
05-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Liquidity doublescurrent ratio 3.20
Current ratio from 1.51 to 3.20; short-term debt falls from €1.48M to €471k.
31-12
Financial
Equity above €5MEq €5.02M ▲6%
4 profitable years in a row build equity to €5.02M.
25-04
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
16-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
31-12
Financial
Highest result since 2018net €798k ▲191%
Operating result €720k, net result €798k, both a record.
31-12
Financial
Liquidity triplescurrent ratio 1.59
Current ratio from 0.62 to 1.59; short-term debt falls from €1.47M to €1.04M.
09-05
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
Show earlier events
2018
20-05
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
06-07
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
26-04
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 8 acts read
About the unread acts
We know of 8 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
8 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, Boortmeerbeek · 1 establishment unit since 1980
Ground area
5.7 ha
Building footprint
2.1 ha
Volume, LiDAR
271,690 m³
2 parcels, Flanders · tallest building 16.4 m, ±4 floors. Linked by address, not a title deed.
6
companies at this address
See who is registered here
1 establishment unit
TERRACO
since 19802.018.023.632
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24014D0047/00G000indicative | Flanders | 4.5 ha | 1 · 2.0 ha | 16.4 m · 4 fl. |
| 24039B0033/00E000 | Flanders | 1.2 ha | 1 · 1,006 m² | 7.9 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
1 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 2,325 companies in sector 42110 we hold annual accounts for 1,096. 362 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded30-12-1960
Fiscal year end31-12
Activities, NACEBEL 2025
42110Construction of roads and motorways
23660Manufacture of other non-metallic mineral products
Scores and ratios are computed by Checked and are not a credit decision.