Financials
- Fiscal year
- 2024
- Total assets
- €230,665
- Profit
- €1,277
- Solvency
- 94.0%
Total assets▼ 1.8%
Net result
20182024
TERRACOTTA
ActiveSummary
TERRACOTTA has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €216,852 and a net result of €1,277. Equity is growing by ~33.2% per year across the filed fiscal years. Its solvency ranks better than 95% of 1765 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 1.1% (low).
Overview
Activity
Limited-service restaurants, excluding mobile food services
NACE 56112Limited-service restaurants NACE 56102
1 site
Size
€230,665total assets 2024
- Equity
- €216,852
- Profit
- €1,277
Structure
Accounts 67 d overdue0 of 2 deeds read
Why 67- Figures for FY 2024 (filed 12-09-2025)- Sector Food and beverage service activities (NACE 56)- 1 financial year not filed after the legal deadline; latest accounts 36 days late; 3 of the last 3 late+ Liquidity: current ratio 15.86, cash €208,010Show the evidence
Checked score
Score 2024
67
/ 100
Healthy
Probability in this band: 0.55% to 1.5%
Better than 66% of its sector peers (NACE 56, micro)
Performance against the sector, not lower risk
Financial strength · tick = 2023
Strong
Solvency
100=
equity 94.0% of total assets
Liquidity
100=
short-term debt 6.0% · cash 90.2%
Profitability
35-23
return on assets 0.6%
Bankruptcy probability, 12 months
1.1%
Low
0%0.5%1.5%4%10%≥ 25%
About 1 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
11-2024: 0.6%
12-2024: 0.6%▼ -6.3% vs 11-2024
01-2025: 0.5%▼ -15.8% vs 12-2024
02-2025: 0.5%▲ +3.3% vs 01-2025
03-2025: 0.5%▼ -1.3% vs 02-2025
04-2025: 0.5%▼ -1.5% vs 03-2025
05-2025: 0.5%▼ -6.0% vs 04-2025
06-2025: 0.4%▼ -11.4% vs 05-2025
07-2025: 0.4%▼ -3.0% vs 06-2025
08-2025: 0.7%▲ +61.7% vs 07-2025
09-2025: 0.8%▲ +18.9% vs 08-2025
10-2025: 0.5%▼ -41.1% vs 09-2025
11-2025: 0.5%● 0.0% vs 10-2025
12-2025: 0.5%● 0.0% vs 11-2025
01-2026: 0.4%▼ -13.6% vs 12-2025
02-2026: 0.4%● 0.0% vs 01-2026
03-2026: 0.4%▼ -1.2% vs 02-2026
04-2026: 0.4%▼ -1.7% vs 03-2026
05-2026: 0.4%▼ -1.5% vs 04-2026lowest value
06-2026: 0.4%▲ +1.5% vs 05-2026
07-2026: 0.4%▼ -0.5% vs 06-2026
08-2026: 0.6%▲ +51.8% vs 07-2026
09-2026: 0.7%▲ +15.5% vs 08-2026
10-2026: 1.1%▲ +63.3% vs 09-2026highest value
- Liquidity: current ratio 15.86, cash €208,010 lowers the probability
- Figures for FY 2024 (filed 12-09-2025) raises the probability
- Sector Food and beverage service activities (NACE 56) raises the probability
- 1 financial year not filed after the legal deadline; latest accounts 36 days late; 3 of the last 3 late raises the probability
Credit up to €14,000 at 30 days acceptable
Liquidity ample (current ratio 15.86 against 11.29 in 2023; short-term debt: 6% and cash: 90.2% of total assets), and 6% of the assets are financed with debt.
How it is calculated
The band comes from the bankruptcy probability on a scale of 0 to 100: every 10 points more double the odds of getting through the year without bankruptcy.
| 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% |
Place inside the band: half the bankruptcy probability, half how the company does against its sector peers (NACE 56, micro). Better than this share of them on solvency 94%, liquidity 99%, profitability 29%, growth against the median 42%. That is performance, not lower risk; the band itself always comes from the probability.
Bankruptcy probability: model pd-v3.202610021621, computed on 05-10-2026. The model learns from Belgian bankruptcies and reads the registers, the annual accounts and the gazette.
Ceilings: negative or zero equity, a heavy loss, a special KBO legal situation and a missing filing 59 (two missing 44), an ongoing judicial reorganisation or an ending 24. Financial strength does not count in the score.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 05-09-2025, 36 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 8 filingsDeviation from the deadline
2025
not confirmed
2024
36 d late
2023
37 d late
2022
78 d late
2021
29 d late
2020
72 d early
2019
5 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 19 days after the deadline; the sector median for financial year 2024 is 6 days after the deadline, and 53% of the sector filed late.
Checked, nothing found (1)
- Annual accounts filedfiscal year 2024 · full…
- Annual accounts filedfiscal year 2023 · full…
- Liquidity quadruplescurrent ratio 11.29
Key points
By topic
Timeline
- Events
- 16
- Since
- 2018
- 05-09-2025Annual accounts filed
- 06-09-2024Annual accounts filed
- 31-12-2023Liquidity quadruples
Company details
- Sites
- 1
- Legal form
- Private limited company
- Activity
- Limited-service restaurants, excluding mobile food servicesNACE 56112
- Founded
- 11-04-2017
- Year ends
- 31-12
- Peppol
- Reachable for e-invoices
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