TERRAMICI
ActiveSummary
TERRAMICI has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €438k and a net result of €27k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 29% of 9194 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (low).
Checked score
Score 2025
49
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability39▲+12
Solvency35=
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
0.5%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €21k at 30 days acceptable
Liquidity tight (current ratio 1.39 against 1.57 in 2024; short-term debt: 54.5% and cash: 0.4% of total assets), and 89.9% 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 68
Relative position
BE, all sectors
reference
Sector 68
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
10.1%
Return on assets
0.6%
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 02-07-2026, 29 days ahead of the deadline.
NBB · 7 filingsDeviation from the deadline
2025
29 d early
2024
26 d late
2023
26 d late
2022
41 d early
2021
22 d late
2020
32 d early
2019
36 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
€438k▲ 6.7%
2024 · €411k
2019: €110k
2020: €65k
2021: €598k
2022: €592k
2023: €585k
2024: €411k
2019 → 2025
Total assets
€4.36M▲ 5.4%
2024 · €4.13M
2019: €1.97M
2020: €1.97M
2021: €2.04M
2022: €2.18M
2023: €2.32M
2024: €4.13M
2019 → 2025
Net result
€27k
2024 · €-174k
2019: €-40k
2020: €-45k
2021: €733k
2022: €-5k
2023: €-7k
2024: €-174k
2019 → 2025
Working capital
€924k▼ 16.9%
2024 · €1.11M
2019: €110k
2020: €65k
2021: €598k
2022: €2.03M
2023: €2.32M
2024: €1.11M
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€598k-€592k▼ 0.9%€585k▼ 1.2%€411k▼ 29.7%€438k▲ 6.7%
Operating result€944k-€-5k€-7k▼ 29.3%€-185k▼ 2,703%€12k
Net result€733k-€-5k€-7k▼ 31.2%€-174k▼ 2,336%€27k
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €12k after a loss of €185k in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €4.36M
Fixed assets
€1.06M =
Current assets
€3.30M ▲ 7.3%
Equity and liabilities €4.36M
Equity
€438k ▲ 6.7%
Debt
€3.92M ▲ 5.3%
Debt's share of the balance-sheet total falls from 90.1% to 89.9%. Equity and debt are higher.
Key figures and ratios
Current ratio
1.39▼
2024 · 1.57
Quick ratio
0.34▼
2024 · 0.40
Debt to equity
8.94▼
2024 · 9.06
ROE
6.2%▲
2024 · -42.3%
ROA
0.6%▲
2024 · -4.2%
Debt ≤ 1 year
€2.38M▲
2024 · €1.96M
Debt > 1 year
€1.54M▼
2024 · €1.76M
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 · 43 lines
Balance sheet
Code20242025
Assets
Total assets20/58€4.13M€4.36M▲
Fixed assets21/28€1.06M€1.06M=
Financial fixed assets28€1.06M€1.06M=
Current assets29/58€3.08M€3.30M▲
Stocks and contracts in progress3€2.30M€2.49M▲
Stocks30/36€2.30M€2.49M▲
Amounts receivable within one year40/41€746k€797k▲
Trade receivables40€11k€743▼
Other amounts receivable41€735k€796k▲
Cash at bank and in hand54/58€32k€17k▼
Deferred charges and accrued income490/1€121€122▲
Equity and liabilities
Total equity and liabilities10/49€4.13M€4.36M▲
Equity10/15€411k€438k▲
Contributions10/11€150k€150k=
Reserves13€261k€288k▲
Distributable reserves133€261k€288k▲
Profit (loss) carried forward14€0-
Amounts payable17/49€3.72M€3.92M▲
Amounts payable after more than one year17€1.76M€1.54M▼
Other amounts payable178/9€1.76M€1.54M▼
Amounts payable within one year42/48€1.96M€2.38M▲
Financial debts43€1.87M€1.87M=
Credit institutions430/8€1.87M€1.87M=
Trade debts44€376€274▼
Suppliers440/4€376€274▼
Taxes, remuneration and social security45€512€0▼
Taxes450/3€512€0▼
Other amounts payable47/48€98k€510k▲
Income statement
Code20242025
Other operating charges640/8€1k€1k▲
Gross operating margin9900€-184k€13k▲
Operating profit (loss)9901€-185k€12k▲
Financial income75/76B€31k€49k▲
Recurring financial income75€31k€49k▲
Financial charges65/66B€20k€33k▲
Recurring financial charges65€20k€33k▲
Profit (loss) for the period before taxes9903€-174k€27k▲
Profit (loss) for the period9904€-174k€27k▲
Profit (loss) for the period to be appropriated9905€-174k€27k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-187k€27k▲
Profit (loss) brought forward from the previous period14P€-13k€0▲
Transfer from equity791/2€187k€0▼
Transfer to equity691/2-€27k
To other reserves6921-€27k
The notes to these accounts (8 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
02-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Back to profitnet €27k
Net result €27k after 3 loss-making years.
26-08
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 26 days late
2024
31-12
Financial
Weakest financial yearnet €-174k
Net result drops to €-174k, the lowest in the series; recovery starts the following year.
26-08
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 26 days late
2023
31-12
Financial
Liquidity times 97current ratio 1414.20
Current ratio from 14.55 to 1414.20; short-term debt falls from €150k to €2k.
20-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Liquidity times 10current ratio 14.55
Current ratio from 1.42 to 14.55; short-term debt falls from €1.44M to €150k.
22-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 22 days late
2021
31-12
Financial
Back to profitnet €733k
Net result €733k after 2 loss-making years.
31-12
Financial
Equity above €500kEq €598k ▲826%
Equity rises from €65k to €598k.
29-06
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
25-06
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
4 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, Kortrijk · 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.
Baliestraat(Mar) 38510 KortrijkGround area
317 m²
Building footprint
3,343 m²
Parcel 34026A0737/00G008, Flanders. Linked by address, not a title deed.
1 establishment unit
TERRAMICI
since 20182.282.061.095
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34026A0737/00G008 | Flanders | 317 m² | 1 · 3,343 m² | - |
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
BVI.EU GBP Soumagne
BE 0643.777.122
Wavre · Eq €438k
ALFA WONING
BE 0838.889.949
Mortsel · Eq €439k
CONNECTOR HUB
BE 1010.516.801
Sint-Martens-Latem · Eq €437k
Parmentier
BE 0455.085.396
Menen · Eq €440k
HEUVEL-FOLIE-SERRES
BE 0477.867.035
Brecht · Eq €441k
Of 1,292 companies in sector 68122 we hold annual accounts for 901. 584 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
Founded30-10-2018
Fiscal year end31-12
Activities, NACEBEL 2025
68122Development of non-residential building projects
68121Development of residential building projects
Sources
Crossroads Bank for EnterprisesNational Bank · 7 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.