Equity
€7.5m ▲ 19.6%
Terradie has made a profit in every financial year since 2023.
Terradie
Lifetime
3 annual accounts with figures on one time axisGross marginpeak €2.9m (2024)
€1.6m▼ 44.2%
Resultpeak €2.2m (2024)
€1.2m▼ 44.1%
Equitypeak €7.5m (2025)
€7.5m▲ 19.6%
Debts
€6.6m▲ 189×
Board7 names since 2022
5 directorsPSR and 4 others
Owners3 names in the annual accounts
50%PSR and 2 others
Documentsfilings and deeds
24-07-20267 days before the deadline
2025abbreviated format
Gross margin from €2.9m to €1.6mResult from €2.2m to €1.2mPermanent representatives: Sam Vander Vennet and Wim Smeets 22-07Equity from €6.3m to €7.5mDebts from €35,000 to €6.6mCash from €232,449 to €421,875
Key points
from the 2025 annual accountsResult
€1.2m ▼ 44.1%
The result fell in 2025 from €2.2m to €1.2m.
Turnover
≈ €2.1m estimated
The abbreviated format states no turnover.
At the same address
105 companies
Board
1 joined · 1 left
Board changed. Latest change 05-05-2026 · 4 in office.
Position in the sector
€1.2m
Higher net result than 95% of companies in real estate. Sector median €10,001 · 11,262 companies.
Checked score
94
Excellent
Financially stronger than 61% of medium-sized companies in real estate (NACE 68)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.1% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.1% across 1,720 companies (NACE 68, medium-sized).
About 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: < 0.1%lowest value
01-2025: < 0.1%● unchanged vs 12-2024lowest value
02-2025: < 0.1%● unchanged vs 01-2025
03-2025: 0.1%▲ +0.1 percentage points vs 02-2025
04-2025: 0.1%● unchanged vs 03-2025
05-2025: 0.1%● unchanged vs 04-2025
06-2025: 0.1%● unchanged vs 05-2025
07-2025: 0.1%● unchanged vs 06-2025
08-2025: 0.1%● unchanged vs 07-2025
09-2025: 0.1%● unchanged vs 08-2025
10-2025: 0.1%● unchanged vs 09-2025
11-2025: 0.1%● unchanged vs 10-2025
12-2025: 0.1%● unchanged vs 11-2025
01-2026: 0.1%● unchanged vs 12-2025
02-2026: 0.1%● unchanged vs 01-2026
03-2026: 0.1%● unchanged vs 02-2026
04-2026: 0.1%● unchanged vs 03-2026
05-2026: 0.1%● unchanged vs 04-2026
06-2026: 0.1%● unchanged vs 05-2026
07-2026: 0.1%● unchanged vs 06-2026highest value
08-2026: 0.1%● unchanged vs 07-2026
09-2026: 0.1%● unchanged vs 08-2026
10-2026: 0.1%● unchanged vs 09-2026
11-2026: 0.1%● unchanged vs 10-2026
Financial strengthAverage
Score breakdown
raises risk
Liquidity: current ratio 2.13, cash €421,875
lowers risk
Size: total assets €14.1m
Sector: Real estate activities (NACE 68)
Figures for financial year 2025 (filed on 24-07-2026)
Calculation
The band follows from the bankruptcy probability. 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 68, medium-sized). It does better than 73% of them on solvency, 24% on liquidity, 67% on profitability and 81% on growth.
The bankruptcy probability was computed on 05-11-2026 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.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 2,333 companies had the same profile as Terradie has now. Each dot stands for 6 companies, two years later.
96.2%
were still trading
3.6%
stopped another way
0.1%
went bankrupt
That fits the bankruptcy probability of Terradie itself: 0.1% within 12 months.
Test of the method
The method was tested on the 497,446 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 2,333 companies, not a prediction for Terradie. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
Credit of up to €700,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 2.13, above the usual 1.5. Short-term debt is 47% and cash 3% of total assets. 47% of the assets are financed with debt and provisions.
Credit check for an amount and term of your choice
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
lowers riskraises riskneutral
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 24-07-2026, 7 days ahead of the deadline.
NBB · 3 filingsDeviation from the deadline
2025
7 days early
2024
21 days early
2023
29 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 3 accounts on average 19 days before the deadline. In the sector (NACE 68), the median for financial year 2024 was 7 days before the deadline, and 36% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 10 July (3 of the last 3 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
06-11-2026 today31-12-2026 year end31-07-2027 deadline
Board and ownership
HV
H.V.L. Constructions BV
Director, Herman Vluymans, since 27-10-2022
WB
Wireco BV
Director, Wim Smeets, since 27-10-2022
- Sofidra S.A. (Jan De Nul Group) consolidatesannual accounts 2025
- PSR 50%score 83equity €33.6m (2025) · 2025 annual accounts of PSR
- URBICOON 50%equity €23.2m (2025) · 2025 annual accounts of URBICOON
Recent changes
1 statutory auditor reappointed
BDO Bedrijfsrevisoren BV (statutory auditor) · Permanent representatives: Sam Vander Vennet and Paul Lievens · General meeting of 26-06-2026 · Gazette deed
New class A director
JDN appointed, Julie De Nul resigned · Permanent representatives: Paul Lievens and Wim Smeets · Gazette deed
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0792408935
Permanent representatives: Sam Vander Vennet and Wim Smeets
General meeting of 26-06-2025 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | Total assets | Gross margin | Solvency | Staff |
|---|---|---|---|---|
| Terradie Aalst | €14.1m | €1.6m | 53.0% | - |
| BUSCO Merelbeke-Melle | €10.0m | €0.8m | 13.0% | - |
| Dejongh Development Kalmthout | €9.6m | €1.4m | 11.0% | 2.3 |
| Kepler Development Hasselt | €18.0m | €1.1m | 3.2% | 6.7 |
| The Brewer's Daughter Antwerp | €10.6m | €1.2m | 10.2% | - |
| THV Invest Leuven | €11.8m | €0.6m | 0.3% | - |
| ARTEMIS REAL ESTATE Staden | €11.7m | €1.1m | 18.4% | - |
These companies have the same main activity as Terradie: development of residential building projects (NACE 68121). They are comparable in size and age: total assets between €9.6m and €18m, founded between 2021 and 2023.
Official details
Source: KBO- Status
- Active since 13-10-2022Normal situation
- Registered office
- 106 active companies are registered at this address9 started in the 12 months before. Source: KBO register, as of 5 November 2026.
- Activity
- Development of residential building projectsNACE 68121and 1 other
- Financial year end
- 31 December
- Peppol
- Reachable since 31-12-2025
Annual accounts 2025
- Total assets
- €14.1m▲ 124%
- Filing
- Filed on 24-07-2026, 7 days before the end of the filing period
Insights on Terradie
Terradie files the abbreviated format. That format states no turnover. The gross margin rose from €92,841 in 2023 to €1.6m in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about Terradie
- What is the company number of Terradie?
- The company number of Terradie is 0792.408.935. The VAT number is the same number with BE in front: BE 0792.408.935.
- Where is Terradie based?
- The registered office is at Tragel 60, 9308 Aalst.Company details
- What does Terradie do?
- According to the KBO register, the main activity is development of residential building projects (NACE 68121).
- What is the legal form of Terradie?
- Terradie is a private limited company (BV).
- When was Terradie founded?
- Terradie was founded on 13-10-2022.
- Is Terradie still active?
- Yes, Terradie is an active enterprise in the KBO register.
- What is the turnover of Terradie?
- The turnover in financial year 2025 is ≈ €2.1m. This figure is estimated from the gross margin of €1.6m and 39 comparable companies (NACE 681). It probably lies between €1.7m and €4.8m.Financials
- Is Terradie profitable?
- In financial year 2025, Terradie made a profit of €1.2m.
- Where can I find the annual accounts of Terradie?
- Terradie filed 3 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of Terradie due?
- Terradie must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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