Terrah Projects
ActiveSummary
The annual accounts of Terrah Projects for fiscal year 2025 show a net loss of 89% of the equity at the start of that year. The 2025 annual accounts show equity of €25k and a net result of €-200k. Equity is shrinking by ~29.8% per year and would, assuming unchanged policy, indicatively turn negative around fiscal year 2026. Its solvency ranks better than 14% of 7029 sector peers (fiscal year 2025). The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 1.3% (low).
Checked score
Score 2025
42
/ 100
Weak
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability10▼-50
Solvency26▼-7
Growth32▼-26
Track record100
Bankruptcy probability, 12 months
1.3%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1k at 30 days only on tighter terms
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity ample (current ratio 16.74 against 5.52 in 2024; short-term debt: 4.3% and cash: 3.1% of total assets), but 99.1% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Three signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 14% of 7029 sector peers (2025).
NBB · sector comparisonPosition among 7029 sector peers
Solvency
better than 14%
← weakest
strongest →
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 31-07-2026, 0 days ahead of the deadline.
NBB · 5 filingsDeviation from the deadline
2025
on the day
2024
28 d late
2023
30 d late
2022
31 d late
2021
23 d late
← 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
24-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€25k▼ 88.9%
2024 · €225k
2021: €252k
2022: €183k
2023: €36k
2024: €225k
2021 → 2025
Total assets
€2.76M▼ 5.1%
2024 · €2.91M
2021: €851k
2022: €1.33M
2023: €2.62M
2024: €2.91M
2021 → 2025
Net result
€-200k
2024 · €189k
2021: €32k
2022: €-68k
2023: €-147k
2024: €189k
2021 → 2025
Working capital
€1.88M▲ 7.6%
2024 · €1.75M
2021: €43k
2022: €-366k
2023: €-927k
2024: €1.75M
2021 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€252k-€183k▼ 27.1%€36k▼ 80.3%€225k▲ 523%€25k▼ 88.9%
Operating result€45k-€-58k€-111k▼ 93.2%€240k€-133k
Net result€32k-€-68k€-147k▼ 116%€189k€-200k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €133k after €240k in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €2.76M
Fixed assets
€761k ▼ 1.8%
Current assets
€2.00M ▼ 6.3%
Equity and liabilities €2.76M
Equity
€25k ▼ 88.9%
Debt
€2.74M ▲ 1.9%
Debt's share of the balance-sheet total rises from 92.3% to 99.1%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€-111k▼
2024 · €241k
Cash flow
€-178k▼
2024 · €190k
Current ratio
16.74▲
2024 · 5.52
Quick ratio
2.86▲
2024 · 0.79
ROE
-801.8%▼
2024 · 84.0%
ROA
-7.3%▼
2024 · 6.5%
Interest coverage
-1.04▼
2024 · 3.96
Debt ≤ 1 year
€119k▼
2024 · €387k
Debt > 1 year
€2.51M▲
2024 · €2.27M
A ratio outside any meaningful range has been withheld (balance sheet total €2.76M, equity €25k).
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€2.91M€2.76M▼
Fixed assets21/28€775k€761k▼
Tangible fixed assets22/27€775k€761k▼
Land and buildings22€775k€761k▼
Financial fixed assets28€0-
Current assets29/58€2.13M€2.00M▼
Amounts receivable after more than one year29€243k€253k▲
Other amounts receivable291€243k€253k▲
Stocks and contracts in progress3€1.83M€1.66M▼
Stocks30/36€1.83M€1.66M▼
Amounts receivable within one year40/41€41k€0▼
Trade receivables40€41k€0▼
Cash at bank and in hand54/58€20k€85k▲
Deferred charges and accrued income490/1€810€2k▲
Equity and liabilities
Total equity and liabilities10/49€2.91M€2.76M▼
Equity10/15€225k€25k▼
Contributions10/11€220k€220k=
Reserves13€5k€5k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Distributable reserves133€3k€3k=
Profit (loss) carried forward14€0€-200k▼
Amounts payable17/49€2.68M€2.74M▲
Amounts payable after more than one year17€2.27M€2.51M▲
Financial debts170/4€2.27M€2.51M▲
Amounts payable within one year42/48€387k€119k▼
Current portion of amounts payable after more than one year42€300k€0▼
Trade debts44€54k€77k▲
Suppliers440/4€54k€77k▲
Advances received on contracts in progress46€0-
Taxes, remuneration and social security45€18k€12k▼
Taxes450/3€18k€12k▼
Other amounts payable47/48€14k€30k▲
Accrued charges and deferred income492/3€27k€101k▲
Income statement
Code20242025
Non-recurring operating income76A€311k€0▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€705€22k▲
Other operating charges640/8€75k€84k▲
Gross operating margin9900€316k€-27k▼
Operating profit (loss)9901€240k€-133k▼
Financial income75/76B€10k€39k▲
Recurring financial income75€10k€39k▲
Financial charges65/66B€61k€107k▲
Recurring financial charges65€61k€107k▲
Profit (loss) for the period before taxes9903€189k€-200k▼
Profit (loss) for the period9904€189k€-200k▼
Profit (loss) for the period to be appropriated9905€189k€-200k▼
Appropriation of the result
Profit (loss) to be appropriated9906€3k€-200k▼
Profit (loss) brought forward from the previous period14P€-186k€0▲
Transfer to equity691/2€3k€0▼
To other reserves6921€3k€0▼
The notes to these accounts (13 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
31-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Weakest financial yearnet €-200k ▼206%
Net result drops to €-200k, the lowest in the series.
31-12
Financial
Liquidity triplescurrent ratio 16.74
Current ratio from 5.52 to 16.74; short-term debt falls from €387k to €119k.
28-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 28 days late
2024
31-12
Financial
Back to profitnet €189k
Net result €189k after 2 loss-making years.
31-12
Financial
Liquidity times 12current ratio 5.52
Current ratio from 0.45 to 5.52; short-term debt falls from €1.70M to €387k.
31-12
Financial
Equity above €200kEq €225k ▲523%
Equity rises from €36k to €225k.
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 30 days late
2023
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 31 days late
2022
23-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 23 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
1 act for this company is 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, Halle · 1 establishment unit since 2020
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.
Bergensesteenweg 991500 HalleGround area
231 m²
Building footprint
207 m²
Volume, LiDAR
2,032 m³
Parcel 23027E0087/00D003, Flanders · tallest building 16.2 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
Terrah Projects
since 20202.303.999.230
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23027E0087/00D003 | Flanders | 231 m² | 1 · 207 m² | 16.2 m · 4 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.
Similar companies · same sector, comparable size
Comm UP
BE 0785.799.968
Ukkel · Eq €24,949
Eighty-Eight Management
BE 0797.230.033
Wezembeek-Oppem · Eq €25,012
WEMMEL HEALTH & DIGITAL
BE 0500.776.653
Merchtem · Eq €24,907
Zaari
BE 0776.513.209
Brussel · Eq €25,066
MHWL & Brainovation
BE 0841.792.724
Herzele · Eq €25,072
Of 13,421 companies in sector 73300 we hold annual accounts for 6,901. 4,991 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded10-03-2020
Fiscal year end31-12
Activities, NACEBEL 2025
73300Public relations and communication consultancy
68110Buying and selling of own real estate
70200Business and other management consultancy
Sources
Crossroads Bank for EnterprisesNational Bank · 5 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.