Terrain
ActiveSummary
Terrain has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €215k and a net result of €101k. Equity is growing by ~43.4% per year across the filed fiscal years. Its solvency ranks better than 72% of 630 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (very low).
Checked score
Score 2025
89
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability100▲+5
Solvency92▼-5
Growth78=
Track record100
Bankruptcy probability, 12 months
0.5%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €19k at 30 days acceptable
Liquidity ample (current ratio 3.55 against 4.76 in 2024; short-term debt: 18.3% and cash: 34.4% of total assets), and 32.7% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+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
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 74
Relative position
BE, all sectors
reference
Sector 74
lower
← fewer bankruptcies
more bankruptcies →
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
67.3%
Return on assets
31.4%
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 27-07-2026, 4 days ahead of the deadline.
NBB · 8 filingsDeviation from the deadline
2025
4 d early
2024
20 d early
2023
20 d early
2022
30 d late
2021
17 d late
2020
31 d late
2019
42 d early
← 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, abbreviated schema
Equity
€215k▼ 22.7%
2024 · €279k
2018: €11k
2019: €41k
2020: €121k
2021: €160k
2022: €130k
2023: €199k
2024: €279k
2018 → 2025
Total assets
€320k▼ 17.6%
2024 · €389k
2018: €11k
2019: €136k
2020: €233k
2021: €281k
2022: €404k
2023: €281k
2024: €389k
2018 → 2025
Net result
€101k▲ 25.5%
2024 · €80k
2018: €-1k
2019: €29k
2020: €80k
2021: €40k
2022: €-30k
2023: €69k
2024: €80k
2018 → 2025
Working capital
€149k▼ 32.1%
2024 · €220k
2019: €8k
2020: €87k
2021: €117k
2022: €67k
2023: €139k
2024: €220k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€160k-€130k▼ 19.0%€199k▲ 52.8%€279k▲ 40.4%€215k▼ 22.7%
Operating result€51k-€-12k€100k€107k▲ 7.4%€133k▲ 23.7%
Net result€40k-€-30k€69k€80k▲ 16.9%€101k▲ 25.5%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed three years in a row; 2025 is 24% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €320k
Fixed assets
€113k ▲ 1.7%
Current assets
€208k ▼ 25.3%
Equity and liabilities €320k
Equity
€215k ▼ 22.7%
Debt
€105k ▼ 4.8%
Debt's share of the balance-sheet total rises from 28.3% to 32.7%. Equity and debt are lower.
Key figures and ratios
EBITDA
€135k▲
2024 · €116k
Cash flow
€103k▲
2024 · €89k
Current ratio
3.55▼
2024 · 4.76
Quick ratio
2.25▼
2024 · 3.44
Debt to equity
0.49▲
2024 · 0.39
ROE
46.7%▲
2024 · 28.8%
ROA
31.4%▲
2024 · 20.6%
Interest coverage
29.43▲
2024 · 29.14
Debt ≤ 1 year
€58k=
2024 · €58k
Debt > 1 year
€46k▼
2024 · €52k
Income taxes
€35k▲
2024 · €29k
Staff costs
€53k▲
2024 · €13k
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 · 52 lines
Balance sheet
Code20242025
Assets
Total assets20/58€389k€320k▼
Fixed assets21/28€111k€113k▲
Tangible fixed assets22/27€101k€103k▲
Furniture and vehicles24€7k€9k▲
Assets under construction and advance payments27€93k€93k=
Financial fixed assets28€10k€10k=
Current assets29/58€278k€208k▼
Amounts receivable after more than one year29€135k€0▼
Other amounts receivable291€135k€0▼
Stocks and contracts in progress3€77k€76k▼
Stocks30/36€77k€76k▼
Amounts receivable within one year40/41€62k€20k▼
Trade receivables40€61k€0▼
Other amounts receivable41€1k€20k▲
Cash at bank and in hand54/58€4k€110k▲
Deferred charges and accrued income490/1€16€769▲
Equity and liabilities
Total equity and liabilities10/49€389k€320k▼
Equity10/15€279k€215k▼
Contributions10/11€12k€19k▲
Reserves13€1k€1k=
Distributable reserves133€1k€1k=
Profit (loss) carried forward14€265k€195k▼
Amounts payable17/49€110k€105k▼
Amounts payable after more than one year17€52k€46k▼
Financial debts170/4€52k€46k▼
Amounts payable within one year42/48€58k€58k=
Current portion of amounts payable after more than one year42€21k€31k▲
Trade debts44€14k€4k▼
Suppliers440/4€14k€4k▼
Taxes, remuneration and social security45€21k€24k▲
Taxes450/3€19k€18k▼
Remuneration and social security454/9€2k€6k▲
Other amounts payable47/48€2k€0▼
Accrued charges and deferred income492/3€0€437▲
Income statement
Code20242025
Remuneration, social security and pensions62€13k€53k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€9k€2k▼
Other operating charges640/8€968€557▼
Gross operating margin9900€130k€189k▲
Operating profit (loss)9901€107k€133k▲
Financial income75/76B€6k€7k▲
Recurring financial income75€6k€7k▲
Financial charges65/66B€4k€5k▲
Recurring financial charges65€4k€5k▲
Profit (loss) for the period before taxes9903€109k€135k▲
Income taxes67/77€29k€35k▲
Profit (loss) for the period9904€80k€101k▲
Profit (loss) for the period to be appropriated9905€80k€101k▲
Appropriation of the result
Profit (loss) to be appropriated9906€265k€365k▲
Profit (loss) brought forward from the previous period14P€185k€265k▲
Profit to be distributed694/7-€170k
Return on contributions (dividend)694-€170k
Social balance
Average headcount (FTE)90870.11.0▲
The notes to these accounts (18 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
27-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Highest result since 2018net €101k ▲25.5%
Operating result €133k, net result €101k, both a record.
11-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Equity above €200kEq €279k ▲40.4%
2 profitable years in a row build equity to €279k.
11-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Back to profitnet €69k
Net result €69k after one loss-making year.
31-12
Financial
Liquidity times 6current ratio 7.31
Current ratio from 1.32 to 7.31; short-term debt falls from €211k to €22k.
31-12
Financial
Equity above €150kEq €199k ▲52.8%
Equity rises from €130k to €199k.
30-08
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 30 days late
2022
31-12
Financial
Weakest financial yearnet €-30k ▼176%
Net result drops to €-30k, the lowest in the series; recovery starts the following year.
17-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 17 days late
2021
31-12
Financial
Equity above €150kEq €160k ▲33%
3 profitable years in a row build equity to €160k.
Show earlier events
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 31 days late
2020
31-12
Financial
Liquidity doublescurrent ratio 3.24
Current ratio from 1.48 to 3.24.
31-12
Financial
Equity above €100kEq €121k ▲196%
2 profitable years in a row build equity to €121k.
19-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Back to profitnet €29k
Net result €29k after one loss-making year.
24-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Gent · 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.
Ingelandgat 199000 GentGround area
111 m²
Building footprint
61 m²
Volume, LiDAR
596 m³
Parcel 44815F1226/00B000, Flanders · tallest building 13.6 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Terrain
since 20182.283.856.288
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44815F1226/00B000 | Flanders | 111 m² | 1 · 61 m² | 13.6 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.
Similar companies · same sector, comparable size
GIRAPHIX
BE 0478.983.426
Antwerpen · Eq €216,023
BACKSTAGE DESIGN & PRINT
BE 0892.698.027
Beauvechain · Eq €218,898
SPOTDESIGN
BE 0841.742.145
Wervik · Eq €211,322
MANEUVER
BE 0568.828.586
Beveren-Kruibeke-Zwijndrecht · Eq €219,908
RETROWORKS
BE 0505.804.223
Oudsbergen · Eq €210,875
Of 6,295 companies in sector 74120 we hold annual accounts for 1,011. 669 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
Founded10-12-2018
Fiscal year end31-12
Activities, NACEBEL 2025
74120Graphic design and visual communication
Sources
Crossroads Bank for EnterprisesNational Bank · 8 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.