TERRANIVEAU
ActiveSummary
TERRANIVEAU has been active since 2005 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €21,321 and a net result of €9,525. Equity is growing by ~30.9% per year across the filed fiscal years. Its solvency ranks better than 33% of 7598 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability68▼-32
Solvency53▲+10
Growth78=
Track record100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1,000 at 30 days acceptable
Liquidity tight (current ratio 1.16 against 0.99 in 2024; short-term debt: 72.5% and cash: 2.2% of total assets), and 72.5% of the assets are financed with debt.
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Signals
Five 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 41
Relative position
BE, all sectors
reference
Construction of residential and non-residential buildings (NACE 41)
about 67% 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
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
27.5%
Return on assets
12.3%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 30-08-2026, 30 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
30 d late
2024
18 d late
2023
49 d late
2022
415 d late
2021
24 d late
2020
30 d late
2019
25 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 77 days after the deadline; the sector median for financial year 2024 is on the deadline day, and 46% 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 30 August (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
29-09-2026 today31-12-2026 close31-07-2027 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you trust this company with building work?Contractor check Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check How does this company compare with its sector?Sector benchmark
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Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2025, micro schema
Equity
€21,321▲ 80.8%
2024 · €11,796
Total assets
€77,521▲ 15.6%
2024 · €67,054
Net result
€9,525▼ 71.1%
2024 · €32,968
Working capital
€8,821
2024 · -€704
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 41, Construction of residential and non-residential buildings, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result-€1,080-€917▲ 15.1%-€2,704▼ 195%€33,016€9,578▼ 71.0%
Net result-€1,219below the sector's middle half-€1,042below the sector's middle half▲ 14.5%-€2,704below the sector's middle half▼ 160%€32,968above the sector's middle half€9,525within the sector's middle half▼ 71.1%
Equity-€17,426below the sector's middle half▼ 7.5%-€18,468below the sector's middle half▼ 6.0%-€21,172below the sector's middle half▼ 14.6%€11,796below the sector's middle half€21,321within the sector's middle half▲ 80.8%
Total assets€21,098below the sector's middle half▼ 4.8%€21,295below the sector's middle half▲ 0.9%€21,295below the sector's middle half=€67,054within the sector's middle half▲ 215%€77,521within the sector's middle half▲ 15.6%
Debt€38,523▲ 0.4%€39,762▲ 3.2%€42,467▲ 6.8%€55,258▲ 30.1%€56,200▲ 1.7%
Working capital-€29,926below the sector's middle half▼ 4.2%-€30,968below the sector's middle half▼ 3.5%-€33,672below the sector's middle half▼ 8.7%-€704below the sector's middle half▲ 97.9%€8,821within the sector's middle half
Solvency-82.6%below the sector's middle half▼ 9.4pp-86.7%below the sector's middle half▼ 4.1pp-99.4%below the sector's middle half▼ 12.7pp17.6%below the sector's middle half▲ 117.0pp27.5%within the sector's middle half▲ 9.9pp
Current ratio0.22below the sector's middle half▼ 0.030.22below the sector's middle half=0.21below the sector's middle half▼ 0.010.99below the sector's middle half▲ 0.781.16within the sector's middle half▲ 0.17
Return on assets (ROA)-5.8%below the sector's middle half▼ 15.0pp-4.9%below the sector's middle half▲ 0.9pp-12.7%below the sector's middle half▼ 7.8pp49.2%above the sector's middle half▲ 61.9pp12.3%within the sector's middle half▼ 36.9pp
Staff (FTE)0.8
above
within
below
the middle half (P25 to P75) of NACE 41, Construction of residential and non-residential buildings, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 71% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €77,521
Fixed assets
€12,500 =
Current assets
€65,021 ▲ 19.2%
Equity and liabilities €77,521
Equity
€21,321 ▲ 80.8%
Debt
€56,200 ▲ 1.7%
Debt's share of the balance-sheet total falls from 82.4% to 72.5%. Equity and debt are higher.
Key figures and ratios
Debt to equity
2.64▼
2024 · 4.68
ROE
44.7%▼
2024 · 279.5%
Debt ≤ 1 year
€56,200▲
2024 · €55,258
Staff costs
€25,935
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 3,818 companies that looked in July 2024 the way this one looks now, 1.0% went bankrupt within 24 months and 95% are still going.
- Micro
- 20 years or older
- solvency 10 to 30%
- a profit of 5% of the balance sheet or more
1.0%
went bankrupt
3.7%
stopped otherwise
95%
still going
A further 0.1% 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 497,338 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% | 1.9% |
| 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 3,818 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 |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | - | - | €25,935 | - |
| Other operating charges640/8 | - | - | €2,532 | €1,159 | €1,195 | ▲ 3.1% |
| Gross operating margin9900 | -€1,080 | -€917 | -€172 | €34,175 | €36,708 | ▲ 7.4% |
| Operating profit (loss)9901 | -€1,080 | -€917 | -€2,704 | €33,016 | €9,578 | ▼ 71.0% |
| Financial income75/76B | - | - | - | €1 | €21 | ▲ 4,104% |
| Recurring financial income75 | - | - | - | €1 | €21 | ▲ 4,104% |
| Financial charges65/66B | €139 | €125 | - | €49 | €74 | ▲ 51.3% |
| Recurring financial charges65 | €139 | €125 | - | €49 | €74 | ▲ 51.3% |
| Profit (loss) for the period before taxes9903 | -€1,219 | -€1,042 | -€2,704 | €32,968 | €9,525 | ▼ 71.1% |
| Profit (loss) for the period9904 | -€1,219 | -€1,042 | -€2,704 | €32,968 | €9,525 | ▼ 71.1% |
| Profit (loss) for the period to be appropriated9905 | -€1,219 | -€1,042 | -€2,704 | €32,968 | €9,525 | ▼ 71.1% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €21,098 | €21,295 | €21,295 | €67,054 | €77,521 | ▲ 15.6% |
| Formation expenses20 | €0 | - | - | - | - | - |
| Fixed assets21/28 | €12,500 | €12,500 | €12,500 | €12,500 | €12,500 | = |
| Tangible fixed assets22/27 | €12,500 | €12,500 | €12,500 | €12,500 | €12,500 | = |
| Land and buildings22 | €12,500 | €12,500 | €12,500 | €12,500 | €12,500 | = |
| Plant, machinery and equipment23 | €0 | - | - | - | - | - |
| Current assets29/58 | €8,598 | €8,795 | €8,795 | €54,554 | €65,021 | ▲ 19.2% |
| Amounts receivable within one year40/41 | €7,992 | €8,188 | €8,188 | €54,383 | €63,282 | ▲ 16.4% |
| Trade receivables40 | €7,840 | €7,840 | €7,840 | €54,032 | €62,427 | ▲ 15.5% |
| Other amounts receivable41 | €152 | €348 | €348 | €352 | €855 | ▲ 143% |
| Cash at bank and in hand54/58 | €556 | €607 | €607 | €170 | €1,739 | ▲ 921% |
| Deferred charges and accrued income490/1 | €50 | - | - | - | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €21,098 | €21,295 | €21,295 | €67,054 | €77,521 | ▲ 15.6% |
| Equity10/15 | -€17,426 | -€18,468 | -€21,172 | €11,796 | €21,321 | ▲ 80.8% |
| Contributions10/11 | €14,000 | €14,000 | €14,000 | €14,000 | €14,000 | = |
| Reserves13 | €30,567 | €30,567 | €30,567 | €30,567 | €30,567 | = |
| Non-distributable reserves130/1 | €1,860 | €1,860 | €1,860 | - | - | - |
| Reserves not available under the articles1311 | €1,860 | €1,860 | €1,860 | - | - | - |
| Distributable reserves133 | €28,707 | €28,707 | €28,707 | €30,567 | €30,567 | = |
| Profit (loss) carried forward14 | -€61,992 | -€63,034 | -€65,739 | -€32,771 | -€23,245 | ▲ 29.1% |
| Amounts payable17/49 | €38,523 | €39,762 | €42,467 | €55,258 | €56,200 | ▲ 1.7% |
| Amounts payable within one year42/48 | €38,523 | €39,762 | €42,467 | €55,258 | €56,200 | ▲ 1.7% |
| Trade debts44 | €628 | €1,167 | €1,807 | €6,531 | €12,624 | ▲ 93.3% |
| Suppliers440/4 | €628 | €1,167 | €1,807 | €6,531 | €12,624 | ▲ 93.3% |
| Taxes, remuneration and social security45 | €0 | - | €2,064 | €10,738 | €5,267 | ▼ 50.9% |
| Taxes450/3 | €0 | - | €2,064 | €10,738 | €2,000 | ▼ 81.4% |
| Remuneration and social security454/9 | - | - | - | - | €3,267 | - |
| Other amounts payable47/48 | €37,896 | €38,596 | €38,596 | €37,989 | €38,308 | ▲ 0.8% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€1,219 | -€1,042 | -€2,704 | €32,968 | €9,525 | ▼ 71.1% |
| Operating cash flow (approximation) | -€1,219 | -€1,042 | -€2,704 | €32,968 | €9,525 | ▼ 71.1% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | €0 | - |
| Change in cash | - | €50 | €0 | -€436 | €1,569 | ▲ 459% |
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
30-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 30 days late
2025
18-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 18 days late
2024
31-12
Financial
Back to profitnet €32,968
Net result €32,968 after 3 loss-making years.
18-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 49 days late
18-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 415 days late
2022
24-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 24 days late
2021
30-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 30 days late
2020
06-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Back to profitnet €8,659
Net result €8,659 after one loss-making year.
29-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 29 days late
2018
28-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 28 days late
2017
04-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts
We know of 5 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
5 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, Liège · 1 establishment unit since 2005
Ground area
227 m²
Building footprint
97 m²
Volume, LiDAR
614 m³
Parcel 62020B0075/00C004, Wallonia · tallest building 8.2 m, ±2 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
TERRANIVEAU
since 20052.147.843.977
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 62020B0075/00C004 | Wallonia | 227 m² | 1 · 96 m² | 8.2 m · 2 fl. |
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 categoriesTERRANIVEAU SRL46018
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Of 29,785 companies in sector 41001 we hold annual accounts for 16,058. 11,703 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
Founded24-06-2005
Fiscal year end31-12
Activities, NACEBEL 2025
41001General construction of residential buildings
37000Sewerage
42110Construction of roads and motorways
43120Site preparation
43230Insulation installation
43240Other construction installation
43320Joinery installation
43990Other specialised construction activities
81300Landscape service activities
E-invoicing
Reachable via Peppol
Peppol ID
0208:0874668497
Registered
16-01-2026
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.