Equity
€7,956 from €55,793 in 2019
Equity fell by 86% in 6 years.
TERRANIS
Lifetime
12 annual accounts with figures on one time axispeak €367,445 (2019)
-€6,191▼ €9,836
lowest -€98,122 (2016)
-€6,511▼ €18,514
peak €55,793 (2019)
€7,956▼ 45.0%
€3,322▼ 89.6%
peak 1 FTE (2017)
-not published
Board1 name since 2021
1 directorStaelens Stefaan
Documentsfilings and deeds
31-08-202631 days late
2025abbreviated format
Gross margin from €3,645 to -€6,191Loss of €6,511Equity from €14,466 to €7,956Debts from €31,893 to €3,322Cash from €857 to €2,484
Key points
from the 2025 annual accountsLiquidity
3.53 was 1.45 in 2024
Short-term debts fell from €31,893 to €3,194.
Filings
12 annual accounts since 2014
Four of the last ten came late. The 2019 accounts came latest: 55 days after the end of the period.
Turnover not published (abbreviated or micro format)
Checked score
55
Fair
Financially stronger than 41% of micro companies in wholesale trade (NACE 46)
Probability in this band: 1.5% to 4.2%
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.
Bankruptcy probability within 12 months
0.3% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.4% across 26,891 companies (NACE 46, micro).
About 3 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.4%
01-2025: 0.4%● unchanged vs 12-2024
02-2025: 0.4%● unchanged vs 01-2025
03-2025: 0.4%● unchanged vs 02-2025
04-2025: 0.5%▲ +0.1 percentage points vs 03-2025
05-2025: 0.5%● unchanged vs 04-2025
06-2025: 0.4%▼ -0.1 percentage points vs 05-2025
07-2025: 0.4%● unchanged vs 06-2025
08-2025: 0.4%● unchanged vs 07-2025
09-2025: 0.4%● unchanged vs 08-2025
10-2025: 0.3%▼ -0.1 percentage points vs 09-2025
11-2025: 0.3%● unchanged vs 10-2025
12-2025: 0.3%● unchanged vs 11-2025
01-2026: 0.3%● unchanged vs 12-2025lowest value
02-2026: 0.3%● unchanged vs 01-2026lowest value
03-2026: 0.3%● unchanged vs 02-2026lowest value
04-2026: 0.4%▲ +0.1 percentage points vs 03-2026
05-2026: 0.4%● unchanged vs 04-2026
06-2026: 0.4%● unchanged vs 05-2026
07-2026: 0.4%● unchanged vs 06-2026
08-2026: 0.8%▲ +0.4 percentage points vs 07-2026highest value
09-2026: 0.3%▼ -0.5 percentage points vs 08-2026
10-2026: 0.3%● unchanged vs 09-2026
11-2026: 0.3%● unchanged vs 10-2026
Financial strengthAverage
Score breakdown
raises risk
Capped 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 €6,511 (financial year 2025)
Last filed accounts filed 31 days late; 1 of the last 3 accounts late
lowers risk
Liquidity: current ratio 3.53, cash €2,484
Size: total assets €11,277
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 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% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 46, micro). It does better than 75% of them on solvency, 72% on liquidity, 6% on profitability and 11% on growth.
The bankruptcy probability was computed on 10-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 4,805 companies had the same profile as TERRANIS has now. Each dot stands for 13 companies, two years later.
88.1%
were still trading
9.8%
stopped another way
2.0%
went bankrupt
Another 0.1% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of TERRANIS itself is lower: 0.3% within 12 months. It rests on far more data about TERRANIS than the profile alone.
Test of the method
The method was tested on the 497,448 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% | 0.9% |
| 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% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 4,805 companies, not a prediction for TERRANIS. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
No publishable credit limit, so 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 is ample, with a current ratio of 3.53 (1.45 in 2024), above the usual 1.5. Short-term debt is 28.3% and cash 22% of total assets. 29.5% of the assets are financed with debt and provisions.
Credit check for an amount and term of your choice
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
lowers riskraises risk
raises risk · 2025 accounts filed 31 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 10 filingsDeviation from the deadline
2025
31 days late
2024
129 days early
2023
29 days late
2022
3 days early
2021
11 days early
2020
26 days late
2019
55 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average on the deadline day. In the sector (NACE 46), the median for financial year 2024 was 3 days before the deadline, and 39% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 28 July (4 of the last 5 accounts filed within 34 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
11-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0538523313
Incorporation
published on 20-09-2013 · Gazette deed
First establishment
Gentweg 2, Diksmuide
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| TERRANIS Diksmuide | €11,277 | -€6,191 | 70.5% | - |
| Bel-Mach Lochristi | €12,082 | -€3,723 | -198.7% | - |
| S.J. CONCEPT Jalhay | €28,232 | -€3,040 | -51.2% | - |
| HARGOTECH Genappe | €11,464 | €3,166 | -8.9% | - |
| GENIN de MORNIMONT Jemeppe-sur-Sambre | €33,383 | -€1,778 | -223.1% | - |
| Tuinmachines Van Bael Balen | €60,876 | €1,353 | -42.5% | - |
| LANDBOUWMACHINES CHRISTIAN Ghent | €37,098 | €5,889 | 13.8% | - |
These companies have the same main activity as TERRANIS: wholesale trade (NACE 46610). They are comparable in size and age: total assets between €11,500 and €60,900, founded between 1996 and 2021.
Official details
Source: KBO- Status
- Active since 11-09-2013Normal situation
- Activity
- Wholesale tradeNACE 46610and 2 others
- Joint committees
- 149.04Metal trade
- 200Auxiliary committee for white-collar workers · annual accounts 2021
- Establishment unit
- 2.221.887.8398600 Diksmuide, since 11-09-2013
- Financial year end
- 31 December
- Peppol
- Reachable since 19-12-2025
Insights on TERRANIS
TERRANIS files the abbreviated format. That format states no turnover. The gross margin fell from -€2,776 in 2014 to -€6,191 in 2025.
The balance sheet grew most from 2017 to 2018 through fixed assets, financed with long-term debt.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about TERRANIS
- What is the company number of TERRANIS?
- The company number of TERRANIS is 0538.523.313. The VAT number is the same number with BE in front: BE 0538.523.313.
- Where is TERRANIS based?
- The registered office is at Gentweg 2, 8600 Diksmuide.Company details
- What does TERRANIS do?
- According to the KBO register, the main activity is wholesale trade (NACE 46610).
- What is the legal form of TERRANIS?
- TERRANIS is a private limited company (pre-2019) (BVBA).
- When was TERRANIS founded?
- TERRANIS was founded on 11-09-2013.
- Is TERRANIS still active?
- Yes, TERRANIS is an active enterprise in the KBO register.
- How many employees does TERRANIS have?
- TERRANIS had an average of 0.4 full-time equivalents in financial year 2020, according to the filed annual accounts.Financials
- Which joint committee does TERRANIS fall under?
- In its 2021 annual accounts, TERRANIS states joint committees 149.04 (Metal trade) and 200 (Auxiliary committee for white-collar workers).
- What is the turnover of TERRANIS?
- The annual accounts for financial year 2025 state no turnover. The abbreviated or micro format does not require it.
- Is TERRANIS profitable?
- In financial year 2025, TERRANIS made a loss of €6,511.
- Where can I find the annual accounts of TERRANIS?
- TERRANIS filed 12 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of TERRANIS due?
- TERRANIS must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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