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 1,765 sector peers (NACE 56, fiscal year 2024). The computed 12-month bankruptcy probability is 1.1% (low).
Overview
Activity
Limited-service restaurants, excluding mobile food services
NACE 56112
1 site
Size
€230,665total assets 2024
- Equity
- €216,852
- Profit
- €1,277
Structure
Accounts 68 days 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%
Financially better than 66% of its sector peers (NACE 56, micro)
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%● unchanged vs 11-2024
01-2025: 0.5%▼ -0.1 percentage points vs 12-2024
02-2025: 0.5%● unchanged vs 01-2025
03-2025: 0.5%● unchanged vs 02-2025
04-2025: 0.5%● unchanged vs 03-2025
05-2025: 0.5%● unchanged vs 04-2025
06-2025: 0.4%▼ -0.1 percentage points vs 05-2025
07-2025: 0.4%● unchanged vs 06-2025
08-2025: 0.7%▲ +0.3 percentage points vs 07-2025
09-2025: 0.8%▲ +0.1 percentage points vs 08-2025
10-2025: 0.5%▼ -0.3 percentage points vs 09-2025
11-2025: 0.5%● unchanged vs 10-2025
12-2025: 0.5%● unchanged vs 11-2025
01-2026: 0.4%▼ -0.1 percentage points vs 12-2025
02-2026: 0.4%● unchanged vs 01-2026
03-2026: 0.4%● unchanged vs 02-2026
04-2026: 0.4%● unchanged vs 03-2026
05-2026: 0.4%● unchanged vs 04-2026lowest value
06-2026: 0.4%● unchanged vs 05-2026
07-2026: 0.4%● unchanged vs 06-2026
08-2026: 0.6%▲ +0.2 percentage points vs 07-2026
09-2026: 0.7%▲ +0.1 percentage points vs 08-2026
10-2026: 1.1%▲ +0.4 percentage points vs 09-2026highest value
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 follows from the bankruptcy probability, on a scale where 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 56, micro): better than 94% on solvency, 99% on liquidity, 29% on profitability and 42% on growth.
The bankruptcy probability was computed on 06-10-2026 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.
Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).
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Signals
Five signals.
−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 days late
2023
37 days late
2022
78 days late
2021
29 days late
2020
72 days early
2019
5 days 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
- 31-12-2023Equity above €200,000
- 17-10-2023Annual accounts filed
- 31-12-2022Equity above €150,000
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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