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
Go further with this company
How much credit can you give this customer, and on what term?Credit simulator What should you check before you do business with this company?Supplier due diligence Hiring this company for building work? Recognition, activities and what to check first.Contractor check Accepting this client? The AML file with identity, beneficial owners and sanctions lists.AML client file How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed
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.
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.