TERRAGRA
ActiveSummary
TERRAGRA has been active since 1973 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €552,757 and a net result of €42,159. Equity is growing by ~14.7% per year across the filed fiscal years. Its solvency ranks better than 75% of 1764 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability75▲+14
Solvency93▲+10
Growth78=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €45,000 at 30 days acceptable
Liquidity ample (current ratio 3.1 against 2.37 in 2024; short-term debt: 31.2% and cash: 7.6% of total assets), and 32.3% of the assets are financed with debt.
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Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 01
Relative position
BE, all sectors
reference
Crop and animal production, hunting and related service activities (NACE 01)
about 70% fewer bankruptcies
← 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
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
67.7%
Return on assets
5.2%
Age of the figures
9 mo
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 30-07-2026, 1 day ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
1 d early
2024
6 d early
2023
35 d early
2022
3 d early
2021
30 d late
2020
31 d late
2019
31 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 7 days after the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 37% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. Usually files around 28 July (4 of the last 5 filed years within 31 days of that day).
Companies Code · seven monthsPosition in the running window
29-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
In the rankings
#3 oldest company in Antoing
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€42,159▲ 16.0%
2024 · €36,345
Working capital
€534,348▲ 7.2%
2024 · €498,646
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 01, Crop and animal production, hunting and related service activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€103,984▲ 97.8%€167,386▲ 61.0%€67,780▼ 59.5%€51,889▼ 23.4%€62,205▲ 19.9%
Net result€48,682above the sector's middle half▲ 40.4%€107,252above the sector's middle half▲ 120%€35,805above the sector's middle half▼ 66.6%€36,345above the sector's middle half▲ 1.5%€42,159within the sector's middle half▲ 16.0%
Equity€331,196above the sector's middle half▲ 17.2%€438,448above the sector's middle half▲ 32.4%€474,252above the sector's middle half▲ 8.2%€510,598above the sector's middle half▲ 7.7%€552,757within the sector's middle half▲ 8.3%
Total assets€872,547above the sector's middle half▲ 22.1%€878,250above the sector's middle half▲ 0.7%€770,700above the sector's middle half▼ 12.2%€884,380above the sector's middle half▲ 14.8%€816,027within the sector's middle half▼ 7.7%
Debt€541,351▲ 25.4%€439,802▼ 18.8%€296,447▼ 32.6%€373,782▲ 26.1%€263,270▼ 29.6%
Working capital€331,417above the sector's middle half▲ 20.2%€425,882above the sector's middle half▲ 28.5%€451,309above the sector's middle half▲ 6.0%€498,646above the sector's middle half▲ 10.5%€534,348within the sector's middle half▲ 7.2%
Solvency38.0%within the sector's middle half▼ 1.6pp49.9%within the sector's middle half▲ 12.0pp61.5%within the sector's middle half▲ 11.6pp57.7%within the sector's middle half▼ 3.8pp67.7%above the sector's middle half▲ 10.0pp
Current ratio1.64within the sector's middle half▼ 0.031.98within the sector's middle half▲ 0.352.55above the sector's middle half▲ 0.572.37within the sector's middle half▼ 0.183.10above the sector's middle half▲ 0.73
Return on assets (ROA)5.6%within the sector's middle half▲ 0.7pp12.2%above the sector's middle half▲ 6.6pp4.6%within the sector's middle half▼ 7.6pp4.1%within the sector's middle half▼ 0.5pp5.2%within the sector's middle half▲ 1.1pp
above
within
below
the middle half (P25 to P75) of NACE 01, Crop and animal production, hunting and related service activities, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 20% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €816,027
Fixed assets
€26,754 ▲ 29.7%
Current assets
€789,272 ▼ 8.6%
Equity and liabilities €816,027
Equity
€552,757 ▲ 8.3%
Debt
€263,270 ▼ 29.6%
Debt's share of the balance-sheet total falls from 42.3% to 32.3%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€70,246▲
2024 · €59,222
Cash flow
€50,200▲
2024 · €43,678
Debt to equity
0.48▼
2024 · 0.73
ROE
7.6%▲
2024 · 7.1%
Interest coverage
6.55▲
2024 · 4.43
Debt ≤ 1 year
€254,924▼
2024 · €365,107
Income taxes
€14,141▲
2024 · €13,397
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 20,134 companies that looked in July 2024 the way this one looks now, 0.2% went bankrupt within 24 months and 95% are still going.
- Small
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.2%
went bankrupt
4.7%
stopped otherwise
95%
still going
For this company itself Checked computes a bankruptcy probability of 0.1% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,338 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.9% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 20,134 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,878 | €1,878 | €6,878 | €7,332 | €8,041 | ▲ 9.7% |
| Other operating charges640/8 | €8,960 | €8,407 | €9,386 | €9,829 | €8,502 | ▼ 13.5% |
| Gross operating margin9900 | €114,822 | €177,671 | €84,044 | €69,051 | €78,747 | ▲ 14.0% |
| Operating profit (loss)9901 | €103,984 | €167,386 | €67,780 | €51,889 | €62,205 | ▲ 19.9% |
| Financial income75/76B | €53 | €43 | €3,410 | €11,211 | €4,816 | ▼ 57.0% |
| Recurring financial income75 | €53 | €43 | €3,410 | €11,211 | €4,816 | ▼ 57.0% |
| Financial charges65/66B | €38,752 | €22,862 | €23,386 | €13,358 | €10,721 | ▼ 19.7% |
| Recurring financial charges65 | €38,752 | €22,862 | €23,386 | €13,358 | €10,721 | ▼ 19.7% |
| Profit (loss) for the period before taxes9903 | €65,285 | €144,568 | €47,804 | €49,743 | €56,300 | ▲ 13.2% |
| Income taxes67/77 | €16,603 | €37,316 | €11,999 | €13,397 | €14,141 | ▲ 5.5% |
| Profit (loss) for the period9904 | €48,682 | €107,252 | €35,805 | €36,345 | €42,159 | ▲ 16.0% |
| Profit (loss) for the period to be appropriated9905 | €48,682 | €107,252 | €35,805 | €36,345 | €42,159 | ▲ 16.0% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €872,547 | €878,250 | €770,700 | €884,380 | €816,027 | ▼ 7.7% |
| Fixed assets21/28 | €20,352 | €18,474 | €27,960 | €20,628 | €26,754 | ▲ 29.7% |
| Tangible fixed assets22/27 | €20,352 | €18,474 | €27,960 | €20,628 | €26,754 | ▲ 29.7% |
| Land and buildings22 | €20,352 | €18,474 | €16,596 | €14,718 | €26,300 | ▲ 78.7% |
| Furniture and vehicles24 | - | - | €11,364 | €5,909 | €455 | ▼ 92.3% |
| Current assets29/58 | €852,195 | €859,775 | €742,740 | €863,753 | €789,272 | ▼ 8.6% |
| Stocks and contracts in progress3 | €113,426 | €72,500 | - | €44,100 | - | - |
| Stocks30/36 | €113,426 | €72,500 | - | €44,100 | - | - |
| Amounts receivable within one year40/41 | €414,498 | €477,672 | €411,014 | €481,881 | €427,550 | ▼ 11.3% |
| Trade receivables40 | €364,831 | €445,549 | €313,916 | €424,647 | €373,590 | ▼ 12.0% |
| Other amounts receivable41 | €49,666 | €32,123 | €97,098 | €57,233 | €53,959 | ▼ 5.7% |
| Current investments50/53 | - | - | €300,000 | €300,000 | €300,000 | = |
| Cash at bank and in hand54/58 | €324,272 | €309,603 | €31,726 | €36,817 | €61,723 | ▲ 67.6% |
| Deferred charges and accrued income490/1 | - | - | - | €955 | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €872,547 | €878,250 | €770,700 | €884,380 | €816,027 | ▼ 7.7% |
| Equity10/15 | €331,196 | €438,448 | €474,252 | €510,598 | €552,757 | ▲ 8.3% |
| Contributions10/11 | €62,000 | €62,000 | €62,000 | €62,000 | €62,000 | = |
| Capital10 | €62,000 | €62,000 | €62,000 | €62,000 | €62,000 | = |
| Issued capital100 | €62,000 | €62,000 | €62,000 | €62,000 | €62,000 | = |
| Reserves13 | €10,611 | €10,611 | €10,611 | €10,611 | €10,611 | = |
| Non-distributable reserves130/1 | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Legal reserve130 | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Tax-exempt reserves132 | €4,411 | €4,411 | €4,411 | €4,411 | €4,411 | = |
| Profit (loss) carried forward14 | €258,585 | €365,837 | €401,641 | €437,987 | €480,145 | ▲ 9.6% |
| Amounts payable17/49 | €541,351 | €439,802 | €296,447 | €373,782 | €263,270 | ▼ 29.6% |
| Amounts payable within one year42/48 | €520,778 | €433,894 | €291,430 | €365,107 | €254,924 | ▼ 30.2% |
| Financial debts43 | €66,000 | - | €40,000 | €53,000 | - | - |
| Credit institutions430/8 | €66,000 | - | €40,000 | €53,000 | - | - |
| Trade debts44 | €214,745 | €240,215 | €133,390 | €188,772 | €117,882 | ▼ 37.6% |
| Suppliers440/4 | €214,745 | €240,215 | €133,390 | €188,772 | €117,882 | ▼ 37.6% |
| Taxes, remuneration and social security45 | €1,673 | €19,974 | €13,888 | €11,138 | €13,480 | ▲ 21.0% |
| Taxes450/3 | €1,673 | €19,974 | €13,888 | €11,138 | €13,480 | ▲ 21.0% |
| Other amounts payable47/48 | €238,359 | €173,705 | €104,152 | €112,197 | €123,562 | ▲ 10.1% |
| Accrued charges and deferred income492/3 | €20,573 | €5,908 | €5,017 | €8,676 | €8,346 | ▼ 3.8% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €48,682 | €107,252 | €35,805 | €36,345 | €42,159 | ▲ 16.0% |
| + Depreciation and write-downs630 | €1,878 | €1,878 | €6,878 | €7,332 | €8,041 | ▲ 9.7% |
| Operating cash flow (approximation) | €50,560 | €109,129 | €42,682 | €43,678 | €50,200 | ▲ 14.9% |
| Investment in fixed assets (approximation) | - | €0 | -€16,364 | €0 | -€14,168 | - |
| Change in cash | - | -€14,668 | -€277,877 | €5,091 | €24,906 | ▲ 389% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
30-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
25-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Equity above €500,000Eq €510,598 ▲7.7%
7 profitable years in a row build equity to €510,598.
26-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
28-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Highest result since 2018net €107,252 ▲120%
Operating result €167,386, net result €107,252, both a record.
30-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 30 days late
2021
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
2020
31-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 31 days late
2019
31-08
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 31 days late
2018
31-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
30-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 30 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
2 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, Antoing · 2 establishment units since 1957
Ground area
8,942 m²
Building footprint
541 m²
Volume, LiDAR
3,449 m³
3 parcels, Wallonia · tallest building 8.9 m, ±2 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
2 establishment units
Chemin du Moulin 23b, 7640 Antoing
since 19572.020.566.913
Rue de Wisempierre(ER) 2, 7500 Tournai
since 19842.026.070.573
3 parcels
Wallonia
3
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 57003C0035/00K000 | Wallonia | 6,955 m² | 1 · 315 m² | 7.2 m · 2 fl. |
| 57014A0436/00C000 | Wallonia | 1,914 m² | 1 · 172 m² | 8.8 m · 2 fl. |
| 57076A0143/00B000 | Wallonia | 73 m² | 1 · 55 m² | 8.5 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
3 of 3 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
2 sitesAntoing2.020.566.913
Tournai2.026.070.573
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Of 20,582 companies in sector 01500 we hold annual accounts for 1,149. 898 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded28-12-1973
Fiscal year end31-12
Activities, NACEBEL 2025
01500Mixed farming
E-invoicing
Reachable via Peppol
Peppol ID
0208:0413852973
Registered
02-01-2026
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.