TERRAMUNDO
ActiveSummary
TERRAMUNDO has been active since 2008 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €25k and a net result of €6k. Equity is growing by ~2.6% per year across the filed fiscal years. Its solvency ranks better than 73% of 27965 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability90▲+90
Solvency93▲+14
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1.5k at 30 days acceptable
Liquidity ample (current ratio 1.59 against 1.5 in 2024; short-term debt: 26.6% and cash: 5.6% of total assets), and 31.6% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Three 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
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 22-12-2025, 40 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
40 d early
2024
42 d early
2023
41 d early
2022
40 d early
2021
42 d early
2020
45 d early
2019
43 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 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close25-09-2026 today31-01-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€25k▲ 33.3%
2024 · €19k
2019: €17klowest in 7 years
2020: €22k▲ +27.9% vs 2019
2021: €21k▼ -5.4% vs 2020
2022: €33k▲ +56.7% vs 2021highest in 7 years
2023: €24k▼ -27.3% vs 2022
2024: €19k▼ -22.7% vs 2023
2025: €25k▲ +33.3% vs 2024
2019 → 2025
Total assets
€36k▲ 5.8%
2024 · €34k
2019: €34k
2020: €29k▼ -13.1% vs 2019
2021: €25k▼ -16.4% vs 2020lowest in 7 years
2022: €59k▲ +140% vs 2021highest in 7 years
2023: €43k▼ -26.7% vs 2022
2024: €34k▼ -21.5% vs 2023
2025: €36k▲ +5.8% vs 2024
2019 → 2025
Net result
€6k
2024 · €-5k
2019: €3k
2020: €5k▲ +77.4% vs 2019
2021: €-1k▼ -125% vs 2020
2022: €12k▲ +1102% vs 2021highest in 7 years
2023: €-9k▼ -175% vs 2022lowest in 7 years
2024: €-5k▲ +39.4% vs 2023
2025: €6k▲ +213% vs 2024
2019 → 2025
Working capital
€6k▲ 30.3%
2024 · €4k
2019: €14k
2020: €17k▲ +27.2% vs 2019
2021: €16k▼ -8.1% vs 2020
2022: €23k▲ +41.2% vs 2021highest in 7 years
2023: €14k▼ -37.3% vs 2022
2024: €4k▼ -69.0% vs 2023lowest in 7 years
2025: €6k▲ +30.3% vs 2024
2019 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€21k-€33k▲ 56.7%€24k▼ 27.3%€19k▼ 22.7%€25k▲ 33.3%
2021: €21k
2022: €33k▲ +56.7% vs 2021highest in 5 years
2023: €24k▼ -27.3% vs 2022
2024: €19k▼ -22.7% vs 2023lowest in 5 years
2025: €25k▲ +33.3% vs 2024
Operating result€469-€16k▲ 3,402%€-8k€-5k▲ 40.1%€6k
2021: €469
2022: €16k▲ +3402% vs 2021highest in 5 years
2023: €-8k▼ -151% vs 2022lowest in 5 years
2024: €-5k▲ +40.1% vs 2023
2025: €6k▲ +229% vs 2024
Net result€-1k-€12k€-9k€-5k▲ 39.4%€6k
2021: €-1k
2022: €12k▲ +1102% vs 2021highest in 5 years
2023: €-9k▼ -175% vs 2022lowest in 5 years
2024: €-5k▲ +39.4% vs 2023
2025: €6k▲ +213% vs 2024
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €6k after a loss of €5k in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €36k
Fixed assets
€21k ▼ 0.9%
Current assets
€15k ▲ 16.7%
Equity and liabilities €36k
Equity
€25k ▲ 33.3%
Debt
€11k ▼ 26.7%
Debt's share of the balance-sheet total falls from 45.7% to 31.6%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€7k▲
2024 · €-4k
Cash flow
€7k▲
2024 · €-5k
Current ratio
1.59▲
2024 · 1.50
Quick ratio
1.58▲
2024 · 1.49
Debt to equity
0.46▼
2024 · 0.84
ROE
25.0%▲
2024 · -29.4%
ROA
17.1%▲
2024 · -16.0%
Interest coverage
23.86▲
2024 · -12.05
Debt ≤ 1 year
€10k▲
2024 · €9k
Debt > 1 year
€2k▼
2024 · €7k
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 · 45 lines
Balance sheet
Code20242025
Assets
Total assets20/58€34k€36k▲
Fixed assets21/28€21k€21k▼
Tangible fixed assets22/27€21k€21k▼
Plant, machinery and equipment23€1k€918▼
Furniture and vehicles24€20k€20k=
Current assets29/58€13k€15k▲
Stocks and contracts in progress3€117€117=
Stocks30/36€117€117=
Amounts receivable within one year40/41€10k€10k▲
Trade receivables40€10k€10k=
Other amounts receivable41€226€402▲
Cash at bank and in hand54/58€205€2k▲
Deferred charges and accrued income490/1€3k€3k▲
Equity and liabilities
Total equity and liabilities10/49€34k€36k▲
Equity10/15€19k€25k▲
Contributions10/11€19k€19k=
Reserves13€14k€14k=
Distributable reserves133€14k€14k=
Profit (loss) carried forward14€-14k€-8k▲
Amounts payable17/49€16k€11k▼
Amounts payable after more than one year17€7k€2k▼
Financial debts170/4€7k€2k▼
Amounts payable within one year42/48€9k€10k▲
Current portion of amounts payable after more than one year42€5k€5k▲
Trade debts44€1k€908▼
Suppliers440/4€1k€908▼
Taxes, remuneration and social security45€951€76▼
Taxes450/3€951€76▼
Other amounts payable47/48€1k€3k▲
Accrued charges and deferred income492/3-€99
Income statement
Code20242025
Non-recurring operating income76A€2k-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€766€806▲
Other operating charges640/8€2k€951▼
Gross operating margin9900€-2k€8k▲
Operating profit (loss)9901€-5k€6k▲
Financial income75/76B€0€0▲
Recurring financial income75€0€0▲
Financial charges65/66B€352€305▼
Recurring financial charges65€352€305▼
Profit (loss) for the period before taxes9903€-5k€6k▲
Income taxes67/77€82-
Profit (loss) for the period9904€-5k€6k▲
Profit (loss) for the period to be appropriated9905€-5k€6k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-14k€-8k▲
Profit (loss) brought forward from the previous period14P€-9k€-14k▼
The notes to these accounts (8 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 |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €826 | - | €2k | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €3k | €7k | €9k | €766 | €806 | ▲ 5.2% |
| Other operating charges640/8 | - | €2k | €1k | €2k | €951 | ▼ 57.8% |
| Gross operating margin9900 | €14k | €25k | €2k | €-2k | €8k | ▲ 513% |
| Operating profit (loss)9901 | €469 | €16k | €-8k | €-5k | €6k | ▲ 229% |
| Financial income75/76B | - | €0 | €5 | €0 | €0 | ▲ 1,400% |
| Recurring financial income75 | - | €0 | €5 | €0 | €0 | ▲ 1,400% |
| Financial charges65/66B | - | €563 | €460 | €352 | €305 | ▼ 13.5% |
| Recurring financial charges65 | €215 | €563 | €460 | €352 | €305 | ▼ 13.5% |
| Profit (loss) for the period before taxes9903 | €254 | €16k | €-9k | €-5k | €6k | ▲ 215% |
| Income taxes67/77 | €1k | €4k | €165 | €82 | - | - |
| Profit (loss) for the period9904 | €-1k | €12k | €-9k | €-5k | €6k | ▲ 213% |
| Profit (loss) for the period to be appropriated9905 | €-1k | €12k | €-9k | €-5k | €6k | ▲ 213% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €25k | €59k | €43k | €34k | €36k | ▲ 5.8% |
| Fixed assets21/28 | €5k | €27k | €22k | €21k | €21k | ▼ 0.9% |
| Tangible fixed assets22/27 | €5k | €27k | €22k | €21k | €21k | ▼ 0.9% |
| Plant, machinery and equipment23 | - | €2k | €2k | €1k | €918 | ▼ 17.7% |
| Furniture and vehicles24 | - | €25k | €20k | €20k | €20k | = |
| Current assets29/58 | €19k | €32k | €22k | €13k | €15k | ▲ 16.7% |
| Stocks and contracts in progress3 | €65 | €72 | €72 | €117 | €117 | = |
| Stocks30/36 | - | €72 | €72 | €117 | €117 | = |
| Amounts receivable within one year40/41 | €14k | €12k | €13k | €10k | €10k | ▲ 1.8% |
| Trade receivables40 | - | €11k | €13k | €10k | €10k | = |
| Other amounts receivable41 | - | €866 | €641 | €226 | €402 | ▲ 78.1% |
| Cash at bank and in hand54/58 | €2k | €118 | €345 | €205 | €2k | ▲ 883% |
| Deferred charges and accrued income490/1 | - | €20k | €8k | €3k | €3k | ▲ 7.1% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €25k | €59k | €43k | €34k | €36k | ▲ 5.8% |
| Equity10/15 | €21k | €33k | €24k | €19k | €25k | ▲ 33.3% |
| Contributions10/11 | - | €19k | €19k | €19k | €19k | = |
| Reserves13 | €4k | €14k | €14k | €14k | €14k | = |
| Non-distributable reserves130/1 | - | €2k | €2k | - | - | - |
| Reserves not available under the articles1311 | - | €2k | €2k | - | - | - |
| Distributable reserves133 | - | €12k | €12k | €14k | €14k | = |
| Profit (loss) carried forward14 | €-1k | - | €-9k | €-14k | €-8k | ▲ 42.7% |
| Amounts payable17/49 | €4k | €26k | €19k | €16k | €11k | ▼ 26.7% |
| Amounts payable after more than one year17 | - | €17k | €12k | €7k | €2k | ▼ 74.8% |
| Financial debts170/4 | - | €17k | €12k | €7k | €2k | ▼ 74.8% |
| Amounts payable within one year42/48 | €3k | €9k | €8k | €9k | €10k | ▲ 9.8% |
| Current portion of amounts payable after more than one year42 | - | €5k | €5k | €5k | €5k | ▲ 1.6% |
| Trade debts44 | - | €339 | €189 | €1k | €908 | ▼ 33.6% |
| Suppliers440/4 | - | €339 | €189 | €1k | €908 | ▼ 33.6% |
| Taxes, remuneration and social security45 | - | €4k | €1k | €951 | €76 | ▼ 92.0% |
| Taxes450/3 | - | €4k | €1k | €951 | €76 | ▼ 92.0% |
| Other amounts payable47/48 | - | €128 | €1k | €1k | €3k | ▲ 154% |
| Accrued charges and deferred income492/3 | - | - | - | - | €99 | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-1k | €12k | €-9k | €-5k | €6k | ▲ 213% |
| + Depreciation and write-downs630 | €3k | €7k | €9k | €766 | €806 | ▲ 5.2% |
| Operating cash flow (approximation) | €2k | €19k | €-291 | €-5k | €7k | ▲ 249% |
| Investment in fixed assets (approximation) | - | €-29k | €-3k | €0 | €-609 | - |
| Change in cash | - | €-2k | €227 | €-140 | €2k | ▲ 1,392% |
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
2025
22-12
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
30-06
Financial
Back to profitnet €6k
Net result €6k after 2 loss-making years.
2024
20-12
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2023
21-12
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
30-06
Financial
Weakest financial yearnet €-9k
Net result drops to €-9k, the lowest in the series; recovery starts the following year.
2022
22-12
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
30-06
Financial
Back to profitnet €12k
Net result €12k after one loss-making year.
2021
20-12
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2020
17-12
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
30-06
Financial
Liquidity doublescurrent ratio 5.34
Current ratio from 2.45 to 5.34; short-term debt falls from €9k to €4k.
2019
19-12
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
09-01
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
10-01
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
01-02
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 1 day late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 11 acts read
About the unread acts
We know of 11 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
11 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, Ninove · 1 establishment unit since 2008
Ground area
408 m²
Building footprint
93 m²
Parcel 41055A1421/00H000, Flanders. Linked by address, not a title deed.
1 establishment unit
TERRAMUNDO
since 20082.170.586.915
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 41055A1421/00H000 | Flanders | 408 m² | 1 · 93 m² | - |
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.
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JC CRETEUR
BE 0775.519.849
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BATIOR
BE 0632.887.089
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Of 751 companies in sector 43422 we hold annual accounts for 424. 311 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
Founded29-04-2008
Fiscal year end30-06
Activities, NACEBEL 2025
43422Screed work
43310Plastering work
43331Floor and wall tiling
Scores and ratios are computed by Checked and are not a credit decision.