TERRANOV
ActiveSummary
The computed 12-month bankruptcy probability of TERRANOV is 2.1% (moderate). The 2025 annual accounts show equity of €24k and a net result of €44k. Equity is growing by ~18.9% per year across the filed fiscal years. Its solvency ranks better than 37% of 7500 sector peers (fiscal year 2025). The company has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability100▲+67
Solvency57▼-38
Growth78▲+46
Track record94
Bankruptcy probability, 12 months
2.1%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €1.5k at 30 days acceptable
Liquidity tight (current ratio 1.16 against 3.34 in 2024; short-term debt: 68.1% and cash: 49.8% of total assets), and 68.1% of the assets are financed with debt.
Credit check 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
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 · 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
31.9%
Return on assets
59.3%
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 20-08-2026, 20 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 · 3 filingsDeviation from the deadline
2025
20 d late
2024
2 d early
2023
20 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
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€24k▲ 41.4%
2024 · €17k
Total assets
€74k▲ 211%
2024 · €24k
Net result
€44k
2024 · €-432
Working capital
€8k▼ 51.7%
2024 · €17k
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line202320242025
Operating result€21k-€738▼ 96.4%€56k▲ 7,454%
Net result€16k-€-432€44k
Equity€17k-€17k▼ 2.5%€24k▲ 41.4%
Total assets€30k-€24k▼ 21.5%€74k▲ 211%
Debt€13k-€7k▼ 46.1%€50k▲ 607%
Working capital€17k-€17k▼ 2.5%€8k▼ 51.7%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 7,454% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €74k
Fixed assets
€16k
Current assets
€58k
Equity and liabilities €74k
Equity
€24k ▲ 41.4%
Debt
€50k ▲ 607%
Debt's share of the balance-sheet total rises from 29.9% to 68.1%. Equity and debt are higher.
Key figures and ratios
EBITDA
€57k
Cash flow
€45k
Current ratio
1.16▼
2024 · 3.34
Debt to equity
2.14▲
2024 · 0.43
ROE
185.9%▲
2024 · -2.6%
ROA
59.3%▲
2024 · -1.8%
Interest coverage
69.27
Debt ≤ 1 year
€50k▲
2024 · €7k
Income taxes
€11k▲
2024 · €69
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | - | €777 | - |
| Other operating charges640/8 | €756 | €225 | €1k | ▲ 462% |
| Gross operating margin9900 | €21k | €964 | €58k | ▲ 5,900% |
| Operating profit (loss)9901 | €21k | €738 | €56k | ▲ 7,454% |
| Financial income75/76B | €236 | €161 | €169 | ▲ 5.2% |
| Recurring financial income75 | €236 | €161 | €169 | ▲ 5.2% |
| Financial charges65/66B | €580 | €1k | €816 | ▼ 35.3% |
| Recurring financial charges65 | €580 | €1k | €816 | ▼ 35.3% |
| Profit (loss) for the period before taxes9903 | €20k | €-363 | €55k | ▲ 15,288% |
| Income taxes67/77 | €4k | €69 | €11k | ▲ 16,124% |
| Profit (loss) for the period9904 | €16k | €-432 | €44k | ▲ 10,246% |
| Profit (loss) for the period to be appropriated9905 | €16k | €-432 | €44k | ▲ 10,246% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €30k | €24k | €74k | ▲ 211% |
| Fixed assets21/28 | - | - | €16k | - |
| Tangible fixed assets22/27 | - | - | €16k | - |
| Furniture and vehicles24 | - | - | €16k | - |
| Current assets29/58 | €30k | €24k | €58k | ▲ 146% |
| Amounts receivable within one year40/41 | €18k | €3k | €21k | ▲ 550% |
| Trade receivables40 | €14k | - | €2k | - |
| Other amounts receivable41 | €4k | €3k | €19k | ▲ 493% |
| Cash at bank and in hand54/58 | €12k | €20k | €37k | ▲ 83.3% |
| Deferred charges and accrued income490/1 | €442 | €435 | €374 | ▼ 13.9% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €30k | €24k | €74k | ▲ 211% |
| Equity10/15 | €17k | €17k | €24k | ▲ 41.4% |
| Contributions10/11 | €1k | €1k | €1k | = |
| Profit (loss) carried forward14 | €16k | €16k | €23k | ▲ 44.0% |
| Amounts payable17/49 | €13k | €7k | €50k | ▲ 607% |
| Amounts payable within one year42/48 | €13k | €7k | €50k | ▲ 607% |
| Trade debts44 | €9k | €553 | €2k | ▲ 283% |
| Suppliers440/4 | €9k | €553 | €2k | ▲ 283% |
| Taxes, remuneration and social security45 | €4k | €7k | €11k | ▲ 72.2% |
| Taxes450/3 | €4k | €4k | €11k | ▲ 162% |
| Remuneration and social security454/9 | - | €2k | - | - |
| Other amounts payable47/48 | - | - | €37k | - |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €16k | €-432 | €44k | ▲ 10,246% |
| + Depreciation and write-downs630 | - | - | €777 | - |
| Operating cash flow (approximation) | €16k | €-432 | €45k | ▲ 10,426% |
| Change in cash | - | €8k | €17k | ▲ 105% |
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
20-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 20 days late
2025
31-12
Financial
Back to profitnet €44k
Net result €44k after one loss-making year.
29-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Weakest financial yearnet €-432
Net result drops to €-432, the lowest in the series; recovery starts the following year.
11-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 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
2 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, Denderleeuw · 1 establishment unit since 2022
Ground area
265 m²
Building footprint
93 m²
Volume, LiDAR
8 m³
Parcel 41011A1815/00C000, Flanders · tallest building 2.5 m. Linked by address, not a title deed.
1 establishment unit
Bosstraat 4, 9470 Denderleeuw
since 20222.339.586.055
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 41011A1815/00C000 | Flanders | 265 m² | 1 · 92 m² | 2.5 m |
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.
Similar companies · same sector, comparable size
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MARCHETTI
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J.S.D. Rénovation
BE 1003.196.566
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Of 29,787 companies in sector 41001 we hold annual accounts for 16,036. 11,940 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
Founded15-11-2022
Fiscal year end31-12
Activities, NACEBEL 2025
41001General construction of residential buildings
41003General construction of other non-residential buildings
43120Site preparation
43310Plastering work
43320Joinery installation
43990Other specialised construction activities
Contact
E-mail
terranov.be@gmail.com
Scores and ratios are computed by Checked and are not a credit decision.