TERRADEL
ActiveTERRADEL has been active since 2005 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €12k and a net result of €7k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 10% of 36373 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 1.3% (low).
Checked score
Score 2024
41
/ 100
Weak
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability61▼-14
Solvency26▲+1
Growth78=
Track record100
Bankruptcy probability, 12 months
1.3%
Low
0%0.5%1.5%4%10%≥ 25%
No publishable credit limit; credit only on tighter terms
Liquidity short (current ratio 0.93 against 0.86 in 2023; short-term debt: 90.3% and cash: 1% of total assets), and 98.8% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Eight signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Sector 43
higher
← fewer bankruptcies
more bankruptcies →
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 · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
1.2%
Return on assets
0.6%
Age of the figures
21 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 10% of 36373 sector peers (2024).
NBB · sector comparisonPosition among 36373 sector peers
Solvency
better than 10%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 10-10-2025, 71 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 · 10 filingsDeviation from the deadline
2025
not confirmed
2024
71 d late
2023
79 d late
2022
450 d late
2021
815 d late
2020
124 d late
2019
146 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Turnover
€342k
EBIT margin
10.9%
Net result
€7k▼ 36.2%
2023 · €11k
2018: €-67k
2019: €16k
2020: €3k
2021: €96k
2022: €-91k
2023: €11k
2018 → 2024
Working capital
€-65k▲ 54.1%
2023 · €-141k
2018: €-196k
2019: €-114k
2020: €-150k
2021: €-116k
2022: €-193k
2023: €-141k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Turnover€342k
Equity€-10k-€86k€-5k€5k€12k▲ 124%
Operating result€14k-€124k▲ 786%€-75k€37k€32k▼ 13.1%
Net result€3k-€96k▲ 3,154%€-91k€11k€7k▼ 36.2%
Result per fiscal year
Operating resultNet result
The operating result falls in 2024; 2024 is 13% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €1.04M
Fixed assets
€165k▼ 36.4%
Current assets
€870k▼ 0.7%
Equity and liabilities €1.04M
Equity
€12k▲ 124%
Provisions
€30k=
Debt
€994k▼ 9.7%
The debt ratio falls from 96.9% to 96.0%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€127k▼
2023 · €136k
Cash flow
€101k▼
2023 · €110k
Solvency
1.2%▲
2023 · 0.5%
Current ratio
0.93▲
2023 · 0.86
Quick ratio
0.31▲
2023 · 0.23
Debt / equity
81.93
ROE
55.4%▼
2023 · 194.6%
ROA
0.6%▼
2023 · 0.9%
Interest coverage
4.96▼
2023 · 5.09
Debt
€994k▼
2023 · €1.10M
Debt ≤ 1 year
€935k▼
2023 · €1.02M
Debt > 1 year
€59k▼
2023 · €84k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€1.14M€1.04M▼
Fixed assets21/28€260k€165k▼
Tangible fixed assets22/27€251k€157k▼
Land and buildings22€0€7k▲
Plant, machinery and equipment23€78k€45k▼
Furniture and vehicles24€173k€104k▼
Financial fixed assets28€8k€8k=
Current assets29/58€876k€870k▼
Stocks and contracts in progress3€645k€579k▼
Stocks30/36€645k€579k▼
Amounts receivable within one year40/41€229k€277k▲
Trade receivables40€229k€271k▲
Other amounts receivable41-€6k
Cash at bank and in hand54/58€2k€10k▲
Deferred charges and accrued income490/1-€4k
Equity and liabilities
Total equity and liabilities10/49€1.14M€1.04M▼
Equity10/15€5k€12k▲
Contributions10/11€6k€6k=
Reserves13€9k€9k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Tax-exempt reserves132€7k€7k=
Profit (loss) carried forward14€-10k€-3k▲
Provisions and deferred taxes16€30k€30k=
Provisions for liabilities and charges160/5€30k€30k=
Other liabilities and charges164/5€30k€30k=
Amounts payable17/49€1.10M€994k▼
Amounts payable after more than one year17€84k€59k▼
Financial debts170/4€84k€59k▼
Amounts payable within one year42/48€1.02M€935k▼
Current portion of amounts payable after more than one year42€541k€436k▼
Trade debts44€346k€377k▲
Suppliers440/4€346k€377k▲
Taxes, remuneration and social security45€7k€5k▼
Taxes450/3€7k€5k▼
Other amounts payable47/48€122k€117k▼
Income statement
Code20232024
Turnover70€342k-
Goods, raw materials, services and sundry goods60/61€156k-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€99k€95k▼
Provisions for liabilities and charges: additions (uses and reversals)635/8€30k-
Other operating charges640/8€20k€4k▼
Gross operating margin9900€186k€131k▼
Operating profit (loss)9901€37k€32k▼
Financial income75/76B€133-
Recurring financial income75€133-
Financial charges65/66B€27k€26k▼
Recurring financial charges65€27k€26k▼
Profit (loss) for the period before taxes9903€11k€7k▼
Profit (loss) for the period9904€11k€7k▼
Profit (loss) for the period to be appropriated9905€11k€7k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-10k€-3k▲
Profit (loss) brought forward from the previous period14P€-21k€-10k▲
The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
10-10
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 71 days late
2024
23-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 450 days late
23-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 815 days late
18-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 79 days late
2023
31-12
Financial
Back to profitnet €11k
Net result €11k after one loss-making year.
2022
31-12
Financial
Weakest financial yearnet €-91k ▼195%
Net result drops to €-91k, the lowest in the series; recovery starts the following year.
2021
31-12
Financial
Highest result since 2018net €96k ▲3154%
Operating result €124k, net result €96k, both a record.
02-12
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 124 days late
2020
24-12
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 146 days late
25-09
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 422 days late
25-09
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 787 days late
2019
31-12
Financial
Back to profitnet €16k
Net result €16k after one loss-making year.
2016
12-08
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 12 days late
2015
06-08
NBB filing
Annual accounts filed
fiscal year 2014 · full schema · 6 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
4 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, Walcourt · 2 establishment units since 2005
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Rue Py des Tiennes(Tar) 325651 WalcourtGround area
4,619 m²
Building footprint
300 m²
Volume, LiDAR
624 m³
2 parcels, Wallonia · tallest building 9.3 m, ±3 floors. Linked by address, not a title deed.
2 establishment units
TERRADEL
since 20052.148.093.605
TERRADEL
since 20082.172.716.262
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 52025E0231/00M000 | Wallonia | 3,176 m² | 1 · 78 m² | 9.3 m · 3 fl. |
| 93076A0049/00N000 | Wallonia | 1,442 m² | 1 · 222 m² | - |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Food safety, FASFC
1 siteWalcourt2.148.093.605
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Of 8,456 companies in sector 43120 we hold annual accounts for 3,233. 1,620 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded15-03-2005
Fiscal year end31-12
Activities, NACEBEL
43120Site preparation
45112
Sources
Crossroads Bank for EnterprisesNational Bank · 19 filingsAddress and cadastre registers
Data from official sources, last processed on 21-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
1 entryPhone:0477/19.93.60