TERRAFORTE
ActiveTERRAFORTE is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The latest annual accounts of TERRAFORTE were filed more than 90 days after the deadline. The 2024 annual accounts show equity of €116k and a net result of €17k. Equity is growing by ~16.1% per year across the filed fiscal years. Its solvency ranks better than 31% of 9863 sector peers (fiscal year 2024). The company has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Outside the general model
Model not applicable to financial institutions
The health score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here. That is why we show no financial axes either.
Filing: Filed more than 90 days late
Credit advice for your own amount and term
Signals
Two signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 05-01-2026, 158 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 6 filingsDeviation from the deadline
2025
not confirmed
2024
158 d late
2023
61 d late
2022
29 d late
2021
29 d late
2020
31 d late
2019
118 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Equity
€116k▲ 16.6%
2023 · €99k
2019: €29k
2020: €92k
2021: €142k
2022: €171k
2023: €99k
2019 → 2024
Net result
€17k▼ 41.1%
2023 · €28k
2019: €23k
2020: €63k
2021: €49k
2022: €30k
2023: €28k
2019 → 2024
Total assets
€362k▲ 31.0%
2023 · €276k
2019: €212k
2020: €259k
2021: €274k
2022: €268k
2023: €276k
2019 → 2024
Solvency
32.0%▼ 4.0pp
2023 · 35.9%
2019: 13.8%
2020: 35.5%
2021: 51.6%
2022: 63.9%
2023: 35.9%
2019 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€92k-€142k▲ 53.7%€171k▲ 21.0%€99k▼ 42.0%€116k▲ 16.6%
Operating result€55k-€48k▼ 11.8%€44k▼ 9.6%€41k▼ 5.6%€30k▼ 27.1%
Net result€63k-€49k▼ 21.2%€30k▼ 39.8%€28k▼ 5.7%€17k▼ 41.1%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen four years in a row; 2024 is 27% below 2023 and is the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €362k
Fixed assets
€171k▼ 0.2%
Current assets
€191k▲ 82.0%
Equity and liabilities €362k
Equity
€116k▲ 16.6%
Debt
€246k▲ 39.1%
The debt ratio rises from 64.1% to 68.0%. Equity and debt are higher.
Key figures and ratios
Solvency
32.0%▼
2023 · 35.9%
ROE
14.3%▼
2023 · 28.2%
ROA
4.6%▼
2023 · 10.1%
Debt
€246k▲
2023 · €177k
Debt ≤ 1 year
€246k▲
2023 · €177k
Income taxes
€7k▼
2023 · €9k
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€276k€362k▲
Fixed assets21/28€171k€171k▼
Tangible fixed assets22/27€1k€884▼
Plant, machinery and equipment23€1k€884▼
Financial fixed assets28€170k€170k=
Current assets29/58€105k€191k▲
Amounts receivable within one year40/41€102k€190k▲
Trade receivables40€93k€181k▲
Other amounts receivable41€9k€9k▼
Cash at bank and in hand54/58€3k€327▼
Deferred charges and accrued income490/1€952€984▲
Equity and liabilities
Total equity and liabilities10/49€276k€362k▲
Equity10/15€99k€116k▲
Contributions10/11€6k€6k=
Profit (loss) carried forward14€93k€110k▲
Amounts payable17/49€177k€246k▲
Amounts payable within one year42/48€177k€246k▲
Current portion of amounts payable after more than one year42€2k€0▼
Trade debts44€20k€19k▼
Suppliers440/4€20k€19k▼
Taxes, remuneration and social security45€47k€56k▲
Taxes450/3€36k€51k▲
Remuneration and social security454/9€11k€5k▼
Other amounts payable47/48€109k€171k▲
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€407€407=
Other operating charges640/8€573€387▼
Gross operating margin9900€42k€31k▼
Operating profit (loss)9901€41k€30k▼
Financial income75/76B€0€0▲
Recurring financial income75€0€0▲
Financial charges65/66B€4k€7k▲
Recurring financial charges65€4k€7k▲
Profit (loss) for the period before taxes9903€37k€23k▼
Income taxes67/77€9k€7k▼
Profit (loss) for the period9904€28k€17k▼
Profit (loss) for the period to be appropriated9905€28k€17k▼
Appropriation of the result
Profit (loss) to be appropriated9906€193k€110k▼
Profit (loss) brought forward from the previous period14P€165k€93k▼
Profit to be distributed694/7€100k-
Directors or managers695€100k-
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2026
05-01
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 158 days late
2024
31-12
Financial
Weakest financial yearnet €17k ▼41.1%
Net result drops to €17k, the lowest in the series.
31-12
Financial
Equity above €100kEq €116k ▲16.6%
6 profitable years in a row build equity to €116k.
30-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 61 days late
2023
29-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 29 days late
2022
31-12
Financial
Equity above €150kEq €171k ▲21%
4 profitable years in a row build equity to €171k.
29-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 29 days late
2021
31-12
Financial
Equity above €100kEq €142k ▲53.7%
3 profitable years in a row build equity to €142k.
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
2020
31-12
Financial
Highest result since 2019net €63k ▲172%
Operating result €55k, net result €63k, both a record.
26-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 118 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
3 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, Liège · 1 establishment unit since 2018
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 de Herve 5024030 LiègeGround area
2,052 m²
Building footprint
359 m²
Volume, LiDAR
3,206 m³
Parcel 62302B0368/00E000, Wallonia · tallest building 11.1 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
TERRAFORTE
since 20182.283.910.431
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 62302B0368/00E000 | Wallonia | 2,052 m² | 1 · 359 m² | 11.1 m · 3 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 24,726 companies in sector 64210 we hold annual accounts for 19,748. 12,657 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded20-12-2018
Fiscal year end31-12
Activities, NACEBEL
64200Holdings
64210Activities of holding companies
Sources
Crossroads Bank for EnterprisesNational Bank · 6 filingsAddress and cadastre registers
Data from official sources, last processed on 14-09-2026. Scores and ratios are computed by Checked and are not a credit decision.