TERRANEUF
ActiveSummary
TERRANEUF has been active since 1994 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €227,823 and a net result of -€12,250. Equity is growing by ~15.3% per year across the filed fiscal years. Its solvency ranks better than 69% of 7967 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability65▼-31
Solvency85▲+5
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €15,000 at 30 days acceptable
Liquidity ample (current ratio 1.94 against 1.96 in 2024; short-term debt: 18.7% and cash: 1.2% of total assets), and 39.8% of the assets are financed with debt.
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Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Four 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 31-12-2025 was due by 31-07-2026 and was filed on 29-07-2026, 2 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
2 d early
2024
14 d early
2023
2 d early
2022
4 d early
2021
26 d late
2020
15 d early
2019
4 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 2 days before the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% of the sector filed late.
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. Usually files around 29 July (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
30-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
In the rankings
#6 oldest company in Durbuy, Construction sector#9 company by equity in Durbuy, Construction sector
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
-€12,250
2024 · €102,075
Working capital
€66,645▼ 33.8%
2024 · €100,683
Trend over the years
In euros
In per cent
Ratio
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€1,254€38,989▲ 3,010%€36,312▼ 6.9%€132,367▲ 265%-€22,470
Net result-€3,612below the sector's middle half▲ 63.2%€31,981within the sector's middle half€29,573within the sector's middle half▼ 7.5%€102,075within the sector's middle half▲ 245%-€12,250below the sector's middle half
Equity€89,444within the sector's middle half▼ 3.9%€121,425within the sector's middle half▲ 35.8%€150,998within the sector's middle half▲ 24.4%€253,072within the sector's middle half▲ 67.6%€227,823within the sector's middle half▼ 10.0%
Total assets€253,377within the sector's middle half▼ 17.5%€233,334within the sector's middle half▼ 7.9%€263,795below the sector's middle half▲ 13.1%€462,757within the sector's middle half▲ 75.4%€378,466within the sector's middle half▼ 18.2%
Debt€163,933▼ 23.4%€111,910▼ 31.7%€112,797▲ 0.8%€192,974▲ 71.1%€138,266▼ 28.3%
Working capital€37,742within the sector's middle half€69,208within the sector's middle half▲ 83.4%€70,470within the sector's middle half▲ 1.8%€100,683within the sector's middle half▲ 42.9%€66,645within the sector's middle half▼ 33.8%
Solvency35.3%within the sector's middle half▲ 5.0pp52.0%within the sector's middle half▲ 16.7pp57.2%within the sector's middle half▲ 5.2pp54.7%within the sector's middle half▼ 2.6pp60.2%within the sector's middle half▲ 5.5pp
Current ratio1.36within the sector's middle half▲ 0.471.79within the sector's middle half▲ 0.431.93within the sector's middle half▲ 0.131.96within the sector's middle half▲ 0.031.94within the sector's middle half▼ 0.02
Return on assets (ROA)-1.4%below the sector's middle half▲ 1.8pp13.7%above the sector's middle half▲ 15.1pp11.2%within the sector's middle half▼ 2.5pp22.1%above the sector's middle half▲ 10.8pp-3.2%below the sector's middle half▼ 25.3pp
above
within
below
the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €22,470 after €132,367 in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €378,466
Fixed assets
€241,053 ▼ 6.3%
Current assets
€137,413 ▼ 33.1%
Equity and liabilities €378,466
Equity
€227,823 ▼ 10.0%
Provisions
€12,377 ▼ 25.9%
Debt
€138,266 ▼ 28.3%
Debt's share of the balance-sheet total falls from 41.7% to 36.5%. Equity and debt are lower.
Key figures and ratios
EBITDA
€50,075▼
2024 · €184,317
Cash flow
€60,296▼
2024 · €154,025
Debt to equity
0.61▼
2024 · 0.76
ROE
-5.4%▼
2024 · 40.3%
Interest coverage
9.77▼
2024 · 36.95
Debt ≤ 1 year
€70,768▼
2024 · €104,801
Debt > 1 year
€67,250▼
2024 · €88,167
Income taxes
€386▼
2024 · €8,675
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 12,321 companies that looked in July 2024 the way this one looks now, 0.7% went bankrupt within 24 months and 90% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a small loss
0.7%
went bankrupt
8.6%
stopped otherwise
90%
still going
A further 0.5% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.8% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,340 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 12,321 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | €30,678 | €299 | €25,310 | €106,408 | €30,000 | ▼ 71.8% |
| Remuneration, social security and pensions62 | €198 | €1,588 | -€7,649 | €2,428 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €46,403 | €45,328 | €41,884 | €51,950 | €72,546 | ▲ 39.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | €6,050 | €8,100 | €8,100 | €4,157 | €3,769 | ▼ 9.3% |
| Other operating charges640/8 | €2,593 | €3,291 | €2,313 | €1,480 | €1,564 | ▲ 5.7% |
| Non-recurring operating charges66A | €53,317 | €1,187 | €2,681 | €20,492 | - | - |
| Gross operating margin9900 | €109,815 | €98,481 | €83,641 | €212,874 | €55,409 | ▼ 74.0% |
| Operating profit (loss)9901 | €1,254 | €38,989 | €36,312 | €132,367 | -€22,470 | ▼ 117% |
| Financial income75/76B | €1 | €40 | €12 | €82 | €11,401 | ▲ 13,844% |
| Recurring financial income75 | €1 | €40 | €12 | €82 | €11,401 | ▲ 13,844% |
| Financial charges65/66B | €4,498 | €3,568 | €3,449 | €4,988 | €5,128 | ▲ 2.8% |
| Recurring financial charges65 | €4,498 | €3,568 | €3,449 | €4,988 | €5,128 | ▲ 2.8% |
| Profit (loss) for the period before taxes9903 | -€3,244 | €35,460 | €32,875 | €127,460 | -€16,198 | ▼ 113% |
| Transfer from deferred taxes780 | - | - | - | €4,958 | €4,334 | ▼ 12.6% |
| Transfer to deferred taxes680 | - | - | - | €21,669 | - | - |
| Income taxes67/77 | €368 | €3,480 | €3,302 | €8,675 | €386 | ▼ 95.6% |
| Profit (loss) for the period9904 | -€3,612 | €31,981 | €29,573 | €102,075 | -€12,250 | ▼ 112% |
| Transfer from tax-exempt reserves789 | - | - | - | €4,088 | €13,001 | ▲ 218% |
| Transfer to tax-exempt reserves689 | - | - | - | €65,007 | - | - |
| Profit (loss) for the period to be appropriated9905 | -€3,612 | €31,981 | €29,573 | €41,156 | €752 | ▼ 98.2% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €253,377 | €233,334 | €263,795 | €462,757 | €378,466 | ▼ 18.2% |
| Fixed assets21/28 | €111,217 | €76,611 | €117,201 | €257,272 | €241,053 | ▼ 6.3% |
| Tangible fixed assets22/27 | €110,581 | €75,975 | €116,565 | €256,636 | €240,417 | ▼ 6.3% |
| Land and buildings22 | €664 | €532 | €400 | €268 | €136 | ▼ 49.3% |
| Plant, machinery and equipment23 | €80,661 | €62,920 | €35,714 | €8,556 | €8,948 | ▲ 4.6% |
| Furniture and vehicles24 | €29,256 | €12,522 | €80,451 | €247,813 | €231,333 | ▼ 6.7% |
| Financial fixed assets28 | €636 | €636 | €636 | €636 | €636 | = |
| Current assets29/58 | €142,160 | €156,724 | €146,593 | €205,485 | €137,413 | ▼ 33.1% |
| Amounts receivable within one year40/41 | €142,011 | €77,108 | €134,719 | €199,048 | €121,427 | ▼ 39.0% |
| Trade receivables40 | €142,011 | €76,945 | €134,476 | €198,580 | €107,894 | ▼ 45.7% |
| Other amounts receivable41 | - | €163 | €242 | €468 | €13,534 | ▲ 2,792% |
| Cash at bank and in hand54/58 | €149 | €79,615 | €11,829 | €6,436 | €4,586 | ▼ 28.7% |
| Deferred charges and accrued income490/1 | - | - | €46 | - | €11,400 | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €253,377 | €233,334 | €263,795 | €462,757 | €378,466 | ▼ 18.2% |
| Equity10/15 | €89,444 | €121,425 | €150,998 | €253,072 | €227,823 | ▼ 10.0% |
| Contributions10/11 | €18,592 | €18,592 | €18,592 | €18,592 | €18,592 | = |
| Reserves13 | €7,260 | €38,260 | €67,760 | €169,679 | €143,677 | ▼ 15.3% |
| Non-distributable reserves130/1 | €1,860 | €1,860 | - | - | - | - |
| Reserves not available under the articles1311 | €1,860 | €1,860 | - | - | - | - |
| Tax-exempt reserves132 | - | - | - | €60,919 | €47,917 | ▼ 21.3% |
| Distributable reserves133 | €5,400 | €36,400 | €67,760 | €108,760 | €95,760 | ▼ 12.0% |
| Profit (loss) carried forward14 | €63,592 | €64,573 | €64,646 | €64,801 | €65,553 | ▲ 1.2% |
| Provisions and deferred taxes16 | - | - | - | €16,711 | €12,377 | ▼ 25.9% |
| Deferred taxes168 | - | - | - | €16,711 | €12,377 | ▼ 25.9% |
| Amounts payable17/49 | €163,933 | €111,910 | €112,797 | €192,974 | €138,266 | ▼ 28.3% |
| Amounts payable after more than one year17 | €59,172 | €24,382 | €36,667 | €88,167 | €67,250 | ▼ 23.7% |
| Financial debts170/4 | €8,655 | - | €36,667 | €88,167 | €67,250 | ▼ 23.7% |
| Trade debts175 | €50,517 | €24,382 | - | - | - | - |
| Amounts payable within one year42/48 | €104,419 | €87,516 | €76,123 | €104,801 | €70,768 | ▼ 32.5% |
| Current portion of amounts payable after more than one year42 | €39,819 | €34,790 | €34,382 | €28,000 | €33,000 | ▲ 17.9% |
| Financial debts43 | €20,500 | - | - | - | €1,282 | - |
| Credit institutions430/8 | €20,500 | - | - | - | €1,282 | - |
| Trade debts44 | €20,329 | €24,577 | €20,384 | €56,349 | €14,299 | ▼ 74.6% |
| Suppliers440/4 | €20,329 | €24,577 | €20,384 | €56,349 | €14,299 | ▼ 74.6% |
| Taxes, remuneration and social security45 | €17,337 | €6,499 | €13,652 | €20,054 | €10,032 | ▼ 50.0% |
| Taxes450/3 | €13,018 | €4,121 | €7,352 | €20,054 | €10,032 | ▼ 50.0% |
| Remuneration and social security454/9 | €4,320 | €2,378 | €6,300 | - | - | - |
| Other amounts payable47/48 | €6,434 | €21,651 | €7,705 | €399 | €12,155 | ▲ 2,945% |
| Accrued charges and deferred income492/3 | €343 | €12 | €7 | €6 | €248 | ▲ 4,224% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€3,612 | €31,981 | €29,573 | €102,075 | -€12,250 | ▼ 112% |
| + Depreciation and write-downs630 | €46,403 | €45,328 | €41,884 | €51,950 | €72,546 | ▲ 39.6% |
| Operating cash flow (approximation) | €42,791 | €77,308 | €71,457 | €154,025 | €60,296 | ▼ 60.9% |
| Investment in fixed assets (approximation) | - | -€10,722 | -€82,475 | -€192,021 | -€56,326 | ▲ 70.7% |
| Change in cash | - | €79,466 | -€67,787 | -€5,392 | -€1,850 | ▲ 65.7% |
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
2026
29-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Weakest financial yearnet -€12,250
Net result drops to -€12,250, the lowest in the series.
17-07
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
31-12
Financial
Highest result since 2018net €102,075 ▲245%
Operating result €132,367, net result €102,075, both a record.
31-12
Financial
Equity above €200,000Eq €253,072 ▲67.6%
3 profitable years in a row build equity to €253,072.
29-07
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
31-12
Financial
Equity above €150,000Eq €150,998 ▲24.4%
2 profitable years in a row build equity to €150,998.
27-07
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
31-12
Financial
Back to profitnet €31,981
Net result €31,981 after 2 loss-making years.
31-12
Financial
Equity above €100,000Eq €121,425 ▲35.8%
Equity rises from €89,444 to €121,425.
26-08
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 26 days late
2021
16-07
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
Show earlier events
2020
27-07
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
03-06
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
16-05
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
11-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 11 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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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, Durbuy · 1 establishment unit since 1995
Ground area
336 m²
Building footprint
214 m²
Parcel 83054C0045/00C000, Wallonia. Linked by address, not a title deed.
1 establishment unit
Morville 48, 6940 Durbuy
since 19952.069.701.668
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 83054C0045/00C000 | Wallonia | 336 m² | 1 · 214 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.
Recognitions · licences · registrations
Recognised contractor
6 categoriesTERRANEUF SRL43635
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Of 8,464 companies in sector 43120 we hold annual accounts for 3,234. 2,564 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
Founded22-12-1994
Fiscal year end31-12
Activities, NACEBEL 2025
43120Site preparation
42220Construction of utility projects for electricity and telecommunications
77320Rental and leasing activities
E-invoicing
Reachable via Peppol
Peppol ID
0208:0454032254
Also
9925:BE0454032254
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 30 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.