TERRAGREEN
ActiveSummary
TERRAGREEN has been active since 2002 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €651k and a net result of €32k. Equity is growing by ~16.3% per year across the filed fiscal years. Its solvency ranks better than 75% of 27965 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability73▼-1
Solvency95▲+6
Growth52=
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €45k at 30 days acceptable
Liquidity ample (current ratio 4.7 against 4.56 in 2024; short-term debt: 10.7% and cash: 8.7% of total assets), and 29.6% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Five 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
Specialised construction activities (NACE 43)
about 85% more 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
70.4%
Return on assets
3.5%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 25-08-2026, 25 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
25 d late
2024
16 d early
2023
32 d early
2022
30 d late
2021
34 d early
2020
17 d late
2019
on the day
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€32k▼ 25.8%
2024 · €43k
2018: €56k
2019: €40k▼ -28.5% vs 2018
2020: €30k▼ -25.1% vs 2019lowest in 8 years
2021: €130k▲ +335% vs 2020highest in 8 years
2022: €115k▼ -11.6% vs 2021
2023: €71k▼ -38.0% vs 2022
2024: €43k▼ -39.1% vs 2023
2025: €32k▼ -25.8% vs 2024
2018 → 2025
Working capital
€366k▼ 1.8%
2024 · €373k
2018: €90k
2019: €103k▲ +14.6% vs 2018
2020: €46k▼ -55.6% vs 2019
2021: €25k▼ -46.1% vs 2020lowest in 8 years
2022: €249k▲ +914% vs 2021
2023: €340k▲ +36.8% vs 2022
2024: €373k▲ +9.7% vs 2023highest in 8 years
2025: €366k▼ -1.8% vs 2024
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€390k-€505k▲ 29.4%€576k▲ 14.1%€619k▲ 7.5%€651k▲ 5.2%
2021: €390klowest in 5 years
2022: €505k▲ +29.4% vs 2021
2023: €576k▲ +14.1% vs 2022
2024: €619k▲ +7.5% vs 2023
2025: €651k▲ +5.2% vs 2024highest in 5 years
Operating result€184k-€165k▼ 10.2%€111k▼ 32.5%€71k▼ 36.3%€54k▼ 23.9%
2021: €184khighest in 5 years
2022: €165k▼ -10.2% vs 2021
2023: €111k▼ -32.5% vs 2022
2024: €71k▼ -36.3% vs 2023
2025: €54k▼ -23.9% vs 2024lowest in 5 years
Net result€130k-€115k▼ 11.6%€71k▼ 38.0%€43k▼ 39.1%€32k▼ 25.8%
2021: €130khighest in 5 years
2022: €115k▼ -11.6% vs 2021
2023: €71k▼ -38.0% vs 2022
2024: €43k▼ -39.1% vs 2023
2025: €32k▼ -25.8% vs 2024lowest in 5 years
Result per fiscal year
Operating resultNet result
The operating result has fallen four years in a row; 2025 is 24% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €925k
Fixed assets
€460k ▼ 6.3%
Current assets
€465k ▼ 2.6%
Equity and liabilities €925k
Equity
€651k ▲ 5.2%
Debt
€274k ▼ 21.6%
Debt's share of the balance-sheet total falls from 36.1% to 29.6%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€145k▼
2024 · €166k
Cash flow
€123k▼
2024 · €139k
Current ratio
4.70▲
2024 · 4.56
Quick ratio
1.81▼
2024 · 3.68
Debt to equity
0.42▼
2024 · 0.56
ROE
4.9%▼
2024 · 7.0%
ROA
3.5%▼
2024 · 4.5%
Interest coverage
30.92▲
2024 · 29.08
Debt ≤ 1 year
€99k▼
2024 · €105k
Debt > 1 year
€175k▼
2024 · €245k
Income taxes
€15k▼
2024 · €20k
Staff costs
€40k▼
2024 · €88k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 50 lines
Balance sheet
Code20242025
Assets
Total assets20/58€969k€925k▼
Fixed assets21/28€491k€460k▼
Tangible fixed assets22/27€491k€460k▼
Land and buildings22€278k€259k▼
Plant, machinery and equipment23€213k€178k▼
Furniture and vehicles24-€23k
Financial fixed assets28€200€200=
Current assets29/58€478k€465k▼
Stocks and contracts in progress3€93k€286k▲
Stocks30/36€93k€286k▲
Amounts receivable within one year40/41€151k€95k▼
Trade receivables40€149k€94k▼
Other amounts receivable41€1k€2k▲
Cash at bank and in hand54/58€227k€81k▼
Deferred charges and accrued income490/1€8k€4k▼
Equity and liabilities
Total equity and liabilities10/49€969k€925k▼
Equity10/15€619k€651k▲
Contributions10/11€19k€19k=
Reserves13€360k€392k▲
Distributable reserves133€360k€392k▲
Profit (loss) carried forward14€241k€241k=
Amounts payable17/49€350k€274k▼
Amounts payable after more than one year17€245k€175k▼
Financial debts170/4€245k€175k▼
Amounts payable within one year42/48€105k€99k▼
Current portion of amounts payable after more than one year42€70k€70k▲
Trade debts44€13k€11k▼
Suppliers440/4€13k€11k▼
Taxes, remuneration and social security45€17k€14k▼
Taxes450/3€3k€11k▲
Remuneration and social security454/9€14k€3k▼
Other amounts payable47/48€4k€5k▲
Income statement
Code20242025
Remuneration, social security and pensions62€88k€40k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€95k€91k▼
Other operating charges640/8€7k€7k▲
Gross operating margin9900€261k€192k▼
Operating profit (loss)9901€71k€54k▼
Financial income75/76B€139€150▲
Recurring financial income75€139€150▲
Financial charges65/66B€7k€7k▼
Recurring financial charges65€6k€5k▼
Non-recurring financial charges66B€2k€2k▲
Profit (loss) for the period before taxes9903€64k€48k▼
Income taxes67/77€20k€15k▼
Profit (loss) for the period9904€43k€32k▼
Profit (loss) for the period to be appropriated9905€43k€32k▼
Appropriation of the result
Profit (loss) to be appropriated9906€284k€273k▼
Profit (loss) brought forward from the previous period14P€241k€241k=
Transfer to equity691/2€43k€32k▼
To other reserves6921€43k€32k▼
The notes to these accounts (13 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €79k | €82k | €99k | €88k | €40k | ▼ 54.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €56k | €86k | €93k | €95k | €91k | ▼ 4.6% |
| Other operating charges640/8 | €6k | €5k | €6k | €7k | €7k | ▲ 3.8% |
| Gross operating margin9900 | €324k | €338k | €309k | €261k | €192k | ▼ 26.3% |
| Operating profit (loss)9901 | €184k | €165k | €111k | €71k | €54k | ▼ 23.9% |
| Financial income75/76B | €71 | - | €2k | €139 | €150 | ▲ 7.4% |
| Recurring financial income75 | €71 | - | €2k | €139 | €150 | ▲ 7.4% |
| Financial charges65/66B | €6k | €8k | €7k | €7k | €7k | ▼ 12.3% |
| Recurring financial charges65 | €4k | €7k | €7k | €6k | €5k | ▼ 18.1% |
| Non-recurring financial charges66B | €2k | €1k | - | €2k | €2k | ▲ 7.2% |
| Profit (loss) for the period before taxes9903 | €178k | €157k | €107k | €64k | €48k | ▼ 25.2% |
| Income taxes67/77 | €49k | €43k | €36k | €20k | €15k | ▼ 23.9% |
| Profit (loss) for the period9904 | €130k | €115k | €71k | €43k | €32k | ▼ 25.8% |
| Profit (loss) for the period to be appropriated9905 | €130k | €115k | €71k | €43k | €32k | ▼ 25.8% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €873k | €1.12M | €1.04M | €969k | €925k | ▼ 4.5% |
| Fixed assets21/28 | €569k | €633k | €550k | €491k | €460k | ▼ 6.3% |
| Tangible fixed assets22/27 | €569k | €633k | €550k | €491k | €460k | ▼ 6.3% |
| Land and buildings22 | €308k | €287k | €277k | €278k | €259k | ▼ 6.6% |
| Plant, machinery and equipment23 | €261k | €345k | €273k | €213k | €178k | ▼ 16.6% |
| Furniture and vehicles24 | - | - | - | - | €23k | - |
| Financial fixed assets28 | €200 | €200 | €200 | €200 | €200 | = |
| Current assets29/58 | €304k | €483k | €492k | €478k | €465k | ▼ 2.6% |
| Stocks and contracts in progress3 | €34k | €43k | €42k | €93k | €286k | ▲ 208% |
| Stocks30/36 | €34k | €43k | €42k | €93k | €286k | ▲ 208% |
| Amounts receivable within one year40/41 | €176k | €86k | €351k | €151k | €95k | ▼ 36.9% |
| Trade receivables40 | €174k | €72k | €245k | €149k | €94k | ▼ 37.4% |
| Other amounts receivable41 | €1k | €14k | €106k | €1k | €2k | ▲ 21.2% |
| Cash at bank and in hand54/58 | €93k | €352k | €97k | €227k | €81k | ▼ 64.5% |
| Deferred charges and accrued income490/1 | €2k | €2k | €2k | €8k | €4k | ▼ 49.8% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €873k | €1.12M | €1.04M | €969k | €925k | ▼ 4.5% |
| Equity10/15 | €390k | €505k | €576k | €619k | €651k | ▲ 5.2% |
| Contributions10/11 | €19k | €19k | €19k | €19k | €19k | = |
| Reserves13 | €132k | €246k | €317k | €360k | €392k | ▲ 8.9% |
| Non-distributable reserves130/1 | €2k | €2k | - | - | - | - |
| Reserves not available under the articles1311 | €2k | €2k | - | - | - | - |
| Distributable reserves133 | €130k | €244k | €317k | €360k | €392k | ▲ 8.9% |
| Profit (loss) carried forward14 | €240k | €241k | €241k | €241k | €241k | = |
| Amounts payable17/49 | €483k | €611k | €467k | €350k | €274k | ▼ 21.6% |
| Amounts payable after more than one year17 | €204k | €377k | €315k | €245k | €175k | ▼ 28.6% |
| Financial debts170/4 | €204k | €377k | €315k | €245k | €175k | ▼ 28.6% |
| Amounts payable within one year42/48 | €280k | €234k | €152k | €105k | €99k | ▼ 5.5% |
| Current portion of amounts payable after more than one year42 | €37k | €86k | €74k | €70k | €70k | ▲ 0.4% |
| Trade debts44 | €170k | €81k | €24k | €13k | €11k | ▼ 20.7% |
| Suppliers440/4 | €170k | €81k | €24k | €13k | €11k | ▼ 20.7% |
| Taxes, remuneration and social security45 | €44k | €38k | €54k | €17k | €14k | ▼ 20.4% |
| Taxes450/3 | €36k | €23k | €36k | €3k | €11k | ▲ 258% |
| Remuneration and social security454/9 | €9k | €16k | €18k | €14k | €3k | ▼ 77.6% |
| Other amounts payable47/48 | €28k | €29k | €684 | €4k | €5k | ▲ 6.8% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €130k | €115k | €71k | €43k | €32k | ▼ 25.8% |
| + Depreciation and write-downs630 | €56k | €86k | €93k | €95k | €91k | ▼ 4.6% |
| Operating cash flow (approximation) | €186k | €200k | €164k | €139k | €123k | ▼ 11.3% |
| Investment in fixed assets (approximation) | - | €-150k | €-10k | €-36k | €-60k | ▼ 66.5% |
| Change in cash | - | €259k | €-254k | €130k | €-146k | ▼ 213% |
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
25-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 25 days late
2025
15-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
29-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
30-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 30 days late
2022
31-12
Financial
Equity above €500kEq €505k ▲29.4%
5 profitable years in a row build equity to €505k.
27-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Highest result since 2018net €130k ▲335%
Operating result €184k, net result €130k, both a record.
17-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 17 days late
2020
31-12
Financial
Weakest financial yearnet €30k ▼25.1%
Net result drops to €30k, the lowest in the series; recovery starts the following year.
31-07
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
20-08
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 20 days late
2018
09-08
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 9 days late
2017
21-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 21 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Have them read with priority
Sign in to place this company at the front of the reading queue.
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, Ottignies-Louvain-la-Neuve · 1 establishment unit since 2002
Ground area
2,701 m²
Building footprint
124 m²
Volume, LiDAR
959 m³
Parcel 25016B0327/00D000, Wallonia · tallest building 9.3 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Chaussée de Bruxelles 125, 1341 Ottignies-Louvain-la-Neuve
since 20022.115.016.902
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25016B0327/00D000 | Wallonia | 2,701 m² | 1 · 124 m² | 9.3 m · 3 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel 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 siteOttignies-Louvain-la-Neuve2.115.016.902
Similar companies · same sector, comparable size
GRONDWERKEN ROVANA
BE 0862.165.197
Duffel · Eq €648,039
JEAN PIERRE DEWIT & ZOON
BE 0474.889.036
Pelt · Eq €656,122
DE KEERSMAEKER GEBROEDERS
BE 0447.295.407
Beveren-Kruibeke-Zwijndrecht · Eq €646,096
DIMITRI GHEWY
BE 0809.679.487
Diksmuide · Eq €645,958
TERRASSEMENTS ALAIN HUVENNE
BE 0867.164.162
Tournai · Eq €658,777
Of 8,462 companies in sector 43120 we hold annual accounts for 3,230. 1,985 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded10-06-2002
Fiscal year end31-12
Activities, NACEBEL 2025
43120Site preparation
81300Landscape service activities
01130Growing of vegetables, melons, roots and tubers
01610Support activities for crop production
43990Other specialised construction activities
77310Rental and leasing activities
77320Rental and leasing activities
Scores and ratios are computed by Checked and are not a credit decision.