Financials
- Fiscal year
- 2025
- Total assets
- €30,273
- Loss
- -€4,365
- Solvency
- 5.7%
Total assets▼ 30.6%
Net result
20192025
TERRAIN 9
ActiveSummary
The annual accounts of TERRAIN 9 for fiscal year 2025 show a net loss of 72% of the equity at the start of that year. The 2025 annual accounts show equity of €1,735 and a net result of -€4,365. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 28% of 15312 sector peers (fiscal year 2025). The company has been active since 2016 and the Belgian State Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 0.6% (low).
Overview
Activity
Development of residential building projects
NACE 68121Real estate development NACE 41101
1 site
Size
€30,273total assets 2025
- Equity
- €1,735
- Loss
- -€4,365
Turnover not published (abridged schema)
Structure
Accounts 49 d early0 of 1 deed read
Why 53Capped at 59: a net loss of at least half of total assets or of the equity at the start of the financial year- Loss of €4,365, the second in a row (FY 2025)- Equity €1,735 (5.7% of total assets)+ Size: total assets €30,273+ Sector Real estate activities (NACE 68)Show the evidence
Checked score
Score 2025
53
/ 100
Fair
Probability in this band: 1.5% to 4.2%
Better than 13% of its sector peers (NACE 68, micro)
Performance against the sector, not lower risk
A net loss of at least half of total assets or of the equity at the start of the financial year caps the score at 59. Every signal that weighs is under Signals.
Financial strength · tick = 2024
Weak
Solvency
31-8
equity 5.7% of total assets
Liquidity
3-49
short-term debt 94.3% · cash 2.8%
Profitability
1+1
return on assets -14.4%
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
About 6 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 12 months
11-2025: 0.4%
12-2025: 0.4%▼ -3.5% vs 11-2025lowest value
01-2026: 0.5%▲ +41.4% vs 12-2025
02-2026: 0.5%● 0.0% vs 01-2026
03-2026: 0.5%● 0.0% vs 02-2026
04-2026: 0.5%● 0.0% vs 03-2026
05-2026: 0.5%● 0.0% vs 04-2026
06-2026: 0.5%● 0.0% vs 05-2026
07-2026: 0.5%▼ -2.2% vs 06-2026
08-2026: 0.5%● 0.0% vs 07-2026
09-2026: 0.5%▲ +6.6% vs 08-2026
10-2026: 0.6%▲ +11.3% vs 09-2026highest value
- Size: total assets €30,273 lowers the probability for this profile
- Loss of €4,365, the second in a row (FY 2025) raises the probability
- Sector Real estate activities (NACE 68) lowers the probability
- Equity €1,735 (5.7% of total assets) raises the probability
No publishable credit limit; credit 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 tight (current ratio 1.06 against 1.38 in 2024; short-term debt: 94.3% and cash: 2.8% of total assets), and 94.3% of the assets are financed with debt.
How it is calculated
The band comes from the bankruptcy probability on a scale of 0 to 100: every 10 points more double the odds of getting through the year without bankruptcy.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Place inside the band: half the bankruptcy probability, half how the company does against its sector peers (NACE 68, micro). Better than this share of them on solvency 26%, liquidity 7%, profitability 9%, growth against the median 8%. That is performance, not lower risk; the band itself always comes from the probability.
Bankruptcy probability: model pd-v3.202610021621, computed on 02-10-2026. The model learns from Belgian bankruptcies and reads the registers, the annual accounts and the gazette.
Ceilings: negative or zero equity, a heavy loss, a special KBO legal situation and a missing filing 59 (two missing 44), an ongoing judicial reorganisation or an ending 24. Financial strength does not count in the score.
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Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
19202122232425
2019 to 2025 · latest year -€4,365
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 13-12-2025, 49 days ahead of the deadline.
NBB · 9 filingsDeviation from the deadline
2025
49 d early
2024
66 d early
2023
63 d early
2022
50 d early
2021
67 d early
2020
60 d early
2019
38 d early
← 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 56 days before the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 36% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today. Usually files around 29 November (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
30-06-2026 close02-10-2026 today31-01-2027 deadline
- Annual accounts filedfiscal year 2025 · micro…
- Annual accounts filedfiscal year 2024 · micro…
- Annual accounts filedfiscal year 2023 · micro…
Key points
By topic
Timeline
- Events
- 11
- Since
- 2018
- Next accounts
- by 31-01-2027
- 13-12-2025Annual accounts filed
- 26-11-2024Annual accounts filed
- 29-11-2023Annual accounts filed
Company details
- Sites
- 1
- Legal form
- Private limited company
- Activity
- Development of residential building projectsNACE 68121
- Founded
- 15-04-2016
- Year ends
- 30-06
- Peppol
- Reachable for e-invoices
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