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TERRANOVA

Active
Public limited companyfounded 200521 yrs activeAvenue de l'Indépendance 83, 4020 Liège, BelgiumKBO/BCE: BE 0872.242.806
Summary

TERRANOVA has been active since 2005 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €1.3m and a net result of €146,275. Equity is shrinking by ~7.9% per year across the filed fiscal years. The computed 12-month bankruptcy probability is 0.4% (very low).

Checked score

Score 2024
Axes · tick = 2023
Profitability73▼-10
Solvency82▲+15
Growth39▼-21
Track record100
Bankruptcy probability, 12 months
0.4% Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €90,000 at 30 days acceptable
Liquidity ample (current ratio 2.19 against 1.56 in 2023; short-term debt: 36.6% and cash: 0% of total assets), and 42.8% of the assets are financed with debt.
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Signals

Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 21 years 0 30 y
lowers risk · Lower-risk legal form
Companies with this legal form statistically fail less often than a BV.
KBO · legal form
raises risk · Higher-failure-rate region
In this region companies fail more often than in the rest of the country.
KBO · registered office
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 38
Relative position
BE, all sectors
reference
Waste collection, recovery and disposal activities (NACE 38)
about 10% 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 2024
Solvency, return and age of the figures
Solvency
57.2%
Return on assets
6.4%
Age of the figures
21 mo
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 30-06-2026, 31 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
31 d early
2024
43 d early
2023
44 d early
2022
32 d early
2021
26 d early
2020
31 d early
2019
62 d late
← 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 21 days before the deadline; the sector median for financial year 2024 is 8 days before the deadline, and 33% 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 June (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Position in the running window
30-09-2026 today31-12-2026 close31-07-2027 deadline
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

TERRANOVA was incorporated on 3 March 2005, with a starting capital of EUR 348,000.12 The registered office was moved to Liège in 2017.3 The board currently has 8 members; FINOFAB has served longest, since 2014.4 Revenue grew from EUR 2.6 million in 2018 to EUR 3.6 million in 2024 and headcount from 4.5 to 7 full-time equivalents.5

  1. 1Crossroads Bank for Enterprises
  2. 2Belgian State Gazette, 14-03-2005
  3. 3Belgian State Gazette, 12-06-2017
  4. 4Belgian State Gazette, 16-01-2015
  5. 5National Bank, annual accounts 2018 and 2024

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Financials · fiscal year 2024, full schema

Turnover
€3.6m▼ 11.9%
2023 · €4.1m
EBIT margin
5.6%▼ 5.2pp
2023 · 10.8%
Net result
€146,275▼ 55.5%
2023 · €328,616
Working capital
€987,917▲ 14.2%
2023 · €865,276
Trend over the years
In euros
In per cent
Ratio
In full-time equivalents (FTE)
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
In full-time equivalents (FTE)
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 38, Waste collection, recovery and disposal 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), Staff (FTE).

Every figure with its change against the fiscal year before
favourable unfavourable
Line20202021202220232024
Turnover€3.5m▲ 24.0%€5.1m▲ 43.9%€6.0m▲ 17.8%€4.1m▼ 31.6%€3.6m▼ 11.9%
Operating result€186,160▼ 44.4%€226,729▲ 21.8%€88,892▼ 60.8%€442,495▲ 398%€201,104▼ 54.6%
Net result€135,050within the sector's middle half▼ 43.8%€155,479within the sector's middle half▲ 15.1%€61,927within the sector's middle half▼ 60.2%€328,616within the sector's middle half▲ 431%€146,275within the sector's middle half▼ 55.5%
EBIT margin5.3%▼ 6.5pp4.5%▼ 0.8pp1.5%▼ 3.0pp10.8%▲ 9.3pp5.6%▼ 5.2pp
Equity€1.8mwithin the sector's middle half▲ 8.1%€1.1mwithin the sector's middle half▼ 41.2%€1.0mwithin the sector's middle half▼ 3.6%€1.2mwithin the sector's middle half▲ 12.5%€1.3mwithin the sector's middle half▲ 12.7%
Total assets€3.1mwithin the sector's middle half▲ 28.1%€3.0mwithin the sector's middle half▼ 3.1%€4.3mwithin the sector's middle half▲ 43.3%€2.8mwithin the sector's middle half▼ 35.8%€2.3mwithin the sector's middle half▼ 18.0%
Debt€986,356▲ 126%€2.0m▲ 98.0%€3.3m▲ 68.8%€1.6m▼ 50.9%€974,211▼ 39.9%
Working capital€1.7mwithin the sector's middle half▲ 9.2%€663,559within the sector's middle half▼ 59.9%€636,309within the sector's middle half▼ 4.1%€865,276within the sector's middle half▲ 36.0%€987,917within the sector's middle half▲ 14.2%
Solvency58.1%within the sector's middle half▼ 10.8pp35.3%within the sector's middle half▼ 22.8pp23.7%within the sector's middle half▼ 11.5pp41.6%within the sector's middle half▲ 17.9pp57.2%within the sector's middle half▲ 15.6pp
Current ratio2.69above the sector's middle half▼ 2.501.34within the sector's middle half▼ 1.351.20within the sector's middle half▼ 0.141.56within the sector's middle half▲ 0.362.19within the sector's middle half▲ 0.63
Return on assets (ROA)4.3%within the sector's middle half▼ 5.6pp5.2%within the sector's middle half▲ 0.8pp1.4%within the sector's middle half▼ 3.7pp11.8%above the sector's middle half▲ 10.4pp6.4%within the sector's middle half▼ 5.4pp
Staff (FTE)4.5below the sector's middle half▼ 16.7%3.6below the sector's middle half▼ 20.0%3.8below the sector's middle half▲ 5.6%5.2below the sector's middle half▲ 36.8%7below the sector's middle half▲ 34.6%
above within below the middle half (P25 to P75) of NACE 38, Waste collection, recovery and disposal activities, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
€0€200,000€400,000Operating result 2020: €186,160€186,160Net result 2020: €135,050€135,050Operating result 2021: €226,729€226,729Net result 2021: €155,479€155,479Operating result 2022: €88,892€88,892Net result 2022: €61,927€61,927Operating result 2023: €442,495€442,495Net result 2023: €328,616€328,616Operating result 2024: €201,104€201,104Net result 2024: €146,275€146,27520202021202220232024€0€200,000€400,000Operating result 2022: €88,892€88,900Net result 2022: €61,927€61,900Operating result 2023: €442,495€442,000Net result 2023: €328,616€329,000Operating result 2024: €201,104€201,000Net result 2024: €146,275€146,000202220232024
The operating result falls in 2024; 2024 is 55% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €2.3m
Fixed assets €454,326 ▲ 26.9%
Current assets €1.8m ▼ 24.7%
Equity and liabilities €2.3m
Equity €1.3m ▲ 12.7%
Debt €974,211 ▼ 39.9%
Debt's share of the balance-sheet total falls from 58.4% to 42.8%. Equity is higher and debt is lower.
Key figures and ratios
2024 value · change against 2023
EBITDA
€398,134▼
2023 · €635,720
Cash flow
€343,304▼
2023 · €521,841
Quick ratio
2.16▲
2023 · 1.52
Debt to equity
0.75▼
2023 · 1.40
ROE
11.2%▼
2023 · 28.5%
Interest coverage
33.49▼
2023 · 180.97
Debt ≤ 1 year
€833,233▼
2023 · €1.6m
Debt > 1 year
€140,978▲
2023 · €68,211
Income taxes
€51,675▼
2023 · €112,086
Staff costs
€388,889▲
2023 · €312,577
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 31,371 companies that looked in July 2024 the way this one looks now, 0.5% went bankrupt within 24 months and 93% are still going.

  • Micro
  • 20 years or older
  • solvency 30% or more
  • a profit of 5% of the balance sheet or more
0.5% went bankrupt
5.9% stopped otherwise
93% 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 0.4% 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%.

The companies in ten equal groups, from lowest to highest expected share.
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 31,371 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
Filed annual accounts As filed with the NBB · 2024 against 2023 · 60 lines
Balance sheet Code20232024
Assets
Total assets20/58€2.8m€2.3m▼
Fixed assets21/28€357,925€454,326▲
Intangible fixed assets21€561€268▼
Tangible fixed assets22/27€336,318€433,012▲
Plant, machinery and equipment23€130,405€80,175▼
Furniture and vehicles24€84,431€99,094▲
Leasing and similar rights25€121,482€253,744▲
Financial fixed assets28€21,046€21,046=
Current assets29/58€2.4m€1.8m▼
Stocks and contracts in progress3€50,491€20,342▼
Stocks30/36€50,491€20,342▼
Amounts receivable within one year40/41€1.8m€1.8m▼
Trade receivables40€1.8m€1.2m▼
Other amounts receivable41€19,691€618,955▲
Cash at bank and in hand54/58€549,828€655▼
Deferred charges and accrued income490/1€13,060€17,693▲
Equity and liabilities
Total equity and liabilities10/49€2.8m€2.3m▼
Equity10/15€1.2m€1.3m▲
Contributions10/11€261,000€261,000=
Capital10€261,000€261,000=
Issued capital100€261,000€261,000=
Reserves13€34,800€34,800=
Non-distributable reserves130/1€34,800€34,800=
Legal reserve130€34,800€34,800=
Profit (loss) carried forward14€859,190€1.0m▲
Investment grants15€0€0=
Amounts payable17/49€1.6m€974,211▼
Amounts payable after more than one year17€68,211€140,978▲
Financial debts170/4€68,211€140,978▲
Amounts payable within one year42/48€1.6m€833,233▼
Current portion of amounts payable after more than one year42€56,717€112,939▲
Trade debts44€1.3m€702,074▼
Suppliers440/4€1.3m€702,074▼
Taxes, remuneration and social security45€27,755€18,220▼
Taxes450/3€12,546€610▼
Remuneration and social security454/9€15,209€17,610▲
Other amounts payable47/48€200,000€0▼
Accrued charges and deferred income492/3€0-
Income statement Code20232024
Turnover70€4.1m€3.6m▼
Non-recurring operating income76A€1,557-
Goods, raw materials, services and sundry goods60/61€3.4m€3.0m▼
Remuneration, social security and pensions62€312,577€388,889▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€193,225€197,030▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4--€22,408
Other operating charges640/8€2,221€64,200▲
Gross operating margin9900€950,519€828,815▼
Operating profit (loss)9901€442,495€201,104▼
Financial income75/76B€1,719€8,732▲
Recurring financial income75€1,719€8,732▲
Financial charges65/66B€3,513€11,887▲
Recurring financial charges65€3,513€11,887▲
Profit (loss) for the period before taxes9903€440,702€197,950▼
Income taxes67/77€112,086€51,675▼
Profit (loss) for the period9904€328,616€146,275▼
Profit (loss) for the period to be appropriated9905€328,616€146,275▼
Appropriation of the result
Profit (loss) to be appropriated9906€1.1m€1.0m▼
Profit (loss) brought forward from the previous period14P€730,574€859,190▲
Profit to be distributed694/7€200,000-
Return on contributions (dividend)694€200,000-
Social balance
Average headcount (FTE)90875.27.0▲

The notes to these accounts (17 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20202021202220232024Change
Turnover70€3.5m€5.1m€6.0m€4.1m€3.6m▼ 11.9%
Non-recurring operating income76A-€20,509-€1,557--
Goods, raw materials, services and sundry goods60/61-€4.9m€5.6m€3.4m€3.0m▼ 10.5%
Remuneration, social security and pensions62-€239,305€232,167€312,577€388,889▲ 24.4%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€196,778€183,279€188,300€193,225€197,030▲ 2.0%
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4--€538---€22,408-
Provisions for liabilities and charges: additions (uses and reversals)635/8--€320,000----
Other operating charges640/8-€8,957€3,471€2,221€64,200▲ 2,791%
Non-recurring operating charges66A--€105---
Gross operating margin9900-€337,732€512,935€950,519€828,815▼ 12.8%
Operating profit (loss)9901€186,160€226,729€88,892€442,495€201,104▼ 54.6%
Financial income75/76B-€2,051€400€1,719€8,732▲ 408%
Recurring financial income75€323€2,051€400€1,719€8,732▲ 408%
Financial charges65/66B-€5,499€5,462€3,513€11,887▲ 238%
Recurring financial charges65€2,735€5,499€5,462€3,513€11,887▲ 238%
Profit (loss) for the period before taxes9903€183,748€223,281€83,829€440,702€197,950▼ 55.1%
Income taxes67/77€48,698€67,803€21,902€112,086€51,675▼ 53.9%
Profit (loss) for the period9904€135,050€155,479€61,927€328,616€146,275▼ 55.5%
Profit (loss) for the period to be appropriated9905€135,050€155,479€61,927€328,616€146,275▼ 55.5%
Line20202021202220232024Change
Assets
Total assets20/58€3.1m€3.0m€4.3m€2.8m€2.3m▼ 18.0%
Fixed assets21/28€482,668€400,889€521,150€357,925€454,326▲ 26.9%
Intangible fixed assets21€2,241€1,158€928€561€268▼ 52.3%
Tangible fixed assets22/27€459,381€378,686€499,176€336,318€433,012▲ 28.8%
Plant, machinery and equipment23-€167,933€179,518€130,405€80,175▼ 38.5%
Furniture and vehicles24-€112,465€70,424€84,431€99,094▲ 17.4%
Leasing and similar rights25-€98,289€249,234€121,482€253,744▲ 109%
Financial fixed assets28€21,046€21,046€21,046€21,046€21,046=
Current assets29/58€2.6m€2.6m€3.8m€2.4m€1.8m▼ 24.7%
Stocks and contracts in progress3-€20,157€20,333€50,491€20,342▼ 59.7%
Stocks30/36-€20,157€20,333€50,491€20,342▼ 59.7%
Amounts receivable within one year40/41€1.3m€2.2m€3.5m€1.8m€1.8m▼ 1.2%
Trade receivables40-€1.9m€3.1m€1.8m€1.2m▼ 34.8%
Other amounts receivable41-€247,054€318,431€19,691€618,955▲ 3,043%
Cash at bank and in hand54/58€1.4m€433,964€312,825€549,828€655▼ 99.9%
Deferred charges and accrued income490/1--€1,300€13,060€17,693▲ 35.5%
Equity and liabilities
Total equity and liabilities10/49€3.1m€3.0m€4.3m€2.8m€2.3m▼ 18.0%
Equity10/15€1.8m€1.1m€1.0m€1.2m€1.3m▲ 12.7%
Contributions10/11€261,000€261,000€261,000€261,000€261,000=
Capital10-€261,000€261,000€261,000€261,000=
Issued capital100-€261,000€261,000€261,000€261,000=
Reserves13€34,800€34,800€34,800€34,800€34,800=
Non-distributable reserves130/1-€34,800€34,800€34,800€34,800=
Legal reserve130-€34,800€34,800€34,800€34,800=
Profit (loss) carried forward14€1.5m€768,648€730,574€859,190€1.0m▲ 17.0%
Investment grants15---€0€0-
Provisions and deferred taxes16€320,000-----
Amounts payable17/49€986,356€2.0m€3.3m€1.6m€974,211▼ 39.9%
Amounts payable after more than one year17€8,421-€129,042€68,211€140,978▲ 107%
Financial debts170/4--€129,042€68,211€140,978▲ 107%
Amounts payable within one year42/48€977,683€2.0m€3.2m€1.6m€833,233▼ 46.3%
Current portion of amounts payable after more than one year42-€8,421€60,349€56,717€112,939▲ 99.1%
Trade debts44€896,725€1.9m€3.0m€1.3m€702,074▼ 44.6%
Suppliers440/4-€1.9m€3.0m€1.3m€702,074▼ 44.6%
Taxes, remuneration and social security45-€12,446€8,838€27,755€18,220▼ 34.4%
Taxes450/3-€926-€12,546€610▼ 95.1%
Remuneration and social security454/9-€11,521€8,838€15,209€17,610▲ 15.8%
Other amounts payable47/48--€100,000€200,000€0▼ 100%
Accrued charges and deferred income492/3--€2,043€0--
Line20202021202220232024Change
Profit (loss) for the period9904€135,050€155,479€61,927€328,616€146,275▼ 55.5%
+ Depreciation and write-downs630€196,778€183,279€188,300€193,225€197,030▲ 2.0%
Operating cash flow (approximation)€331,828€338,758€250,227€521,841€343,304▼ 34.2%
Investment in fixed assets (approximation)--€101,500-€308,561-€30,000-€293,430▼ 878%
Change in cash--€936,323-€121,140€237,004-€549,173▼ 332%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

Next filing, fiscal year 2026, expected by 31-07-2027
2026
30-06
NBB filing Annual accounts filed
fiscal year 2025 · full schema
04-03
State Gazette act Resignation: VROLIX (director)
Permanent representative: Marc Vrolix · Power of attorney4 facts ▸
  • General meeting, 18-12-2025
  • Director resignation, VROLIX (director)
  • Permanent representative, Marc Vrolix
  • Power of attorney, C&M FRERE CONSTRUCT
2025
18-06
NBB filing Annual accounts filed
fiscal year 2024 · full schema
2024
17-06
NBB filing Annual accounts filed
fiscal year 2023 · full schema
2023
31-12
Financial Highest result since 2018net €328,616 ▲431%
Operating result €442,495, net result €328,616, both a record.
29-06
NBB filing Annual accounts filed
fiscal year 2022 · full schema
2022
31-12
Financial Weakest financial yearnet €61,927 ▼60.2%
Net result drops to €61,927, the lowest in the series; recovery starts the following year.
05-07
NBB filing Annual accounts filed
fiscal year 2021 · full schema
2021
22-10
State Gazette act Resignation: Marc VROLIX (director)
Reappointments: FINOFAB (non-statutory director) and JOLY SA (non-statutory director) · Permanent representatives: Olivier FABRY, Pierre JOLY and 4 others · Appointments: C&M FRERE CONSTRUCT, DelGest and 3 others23 facts ▸
  • General meeting, 06-10-2021
  • Statutes amendment
  • Director resignation, Marc VROLIX (director)
  • Director discharge, Marc VROLIX
  • Director reappointment, FINOFAB (non-statutory director)
  • Permanent representative, Olivier FABRY
  • Director reappointment, JOLY SA (non-statutory director)
  • Permanent representative, Pierre JOLY
  • Director appointment, C&M FRERE CONSTRUCT (non-statutory director)
  • Permanent representative, Hervé FRERE
  • Director appointment, DelGest (non-statutory director)
  • Permanent representative, Pascal DELHEZ
  • +11 further facts in this act
15-10
State Gazette act Resignations: L'A.I.D.E. scrl, INTRADEL scrl and 3 others
Permanent representatives: Florence Herry, Luc Joine and Bernard Michaux9 facts ▸
  • General meeting, 01-07-2021
  • Director resignation, L'A.I.D.E. scrl (director)
  • Permanent representative, Florence Herry
  • Director resignation, INTRADEL scrl (director)
  • Permanent representative, Luc Joine
  • Director resignation, La C.I.L.E. scrl (director)
  • Permanent representative, Bernard Michaux
  • Director resignation, Jean-Marie MOUSNY (director)
  • Director resignation, Claude TELLINGS (director)
30-06
NBB filing Annual accounts filed
fiscal year 2020 · full schema
2020
26-10
State Gazette act Appointments: A.I.D.E. scrl., INTRADEL scrl. and 4 others
Permanent representatives: Florence HERRY, Luc JOINE and 3 others · Resignation: Georges PIRE (director)13 facts ▸
  • General meeting, 30-09-2020
  • Director appointment, A.I.D.E. scrl. (director)
  • Permanent representative, Florence HERRY
  • Director appointment, INTRADEL scrl. (director)
  • Permanent representative, Luc JOINE
  • Director appointment, C.I.L.E. scri. (director)
  • Permanent representative, Bernard MICHAUX
  • Director appointment, FINOFAB sprl. (director)
  • Permanent representative, Olivier FABRY
  • Director appointment, Jean-Marie MOUSNY (director)
  • Director resignation, Georges PIRE (director)
  • Auditor appointment, BDO Réviseurs d'Entreprises (commissaire pour les comptes statutaires)
  • +1 further facts in this act
Show earlier events
01-10
NBB filing Annual accounts filed
fiscal year 2019 · full schema · 62 days late
2019
10-07
State Gazette act Resignations: Alain DECERF (director) and INTRADEL (director)
Appointment: Marc VROLIX (director) · Permanent representative: Ernur COLAK5 facts ▸
  • Director resignation, Alain DECERF
  • Director resignation, INTRADEL
  • Director appointment, Marc VROLIX
  • Permanent representative, Ernur COLAK
  • Meeting date, 12/12/2018
21-06
State Gazette act Capital & shares
Share transfer · Share cancellation · Capital decrease9 facts ▸
  • General meeting, 18-06-2019
  • Share transfer, JOLY SA → TERRANOVA
  • Share transfer, SOCIETE WALLONNE DES EAUX → TERRANOVA
  • Share cancellation, 870, 25%
  • Capital decrease, €87.000
  • Capital, €261.000
  • Preemption waiver, C.I.L.E
  • Preemption waiver, A.I.D.E
  • Preemption waiver, INTRADEL
20-05
NBB filing Annual accounts filed
fiscal year 2018 · full schema
2018
28-09
State Gazette act Permanent representative: Florence HERRY
Resignation: Claude TELLINGS (director) · Appointment: Claude TELLINGS (director)4 facts ▸
  • General meeting, 06-06-2018
  • Permanent representative, Florence HERRY
  • Director resignation, Claude TELLINGS
  • Director appointment, Claude TELLINGS (director)
02-07
NBB filing Annual accounts filed
fiscal year 2017 · full schema
28-06
State Gazette act Appointments: Claude TELLINGS (chair of the board) and JOLY S.A. (managing director)
Permanent representative: Pierre JOLY4 facts ▸
  • Board meeting, 16-05-2017
  • Director appointment, Claude TELLINGS (chair of the board)
  • Director appointment, JOLY S.A. (managing director)
  • Permanent representative, Pierre JOLY
07-03
State Gazette act Permanent representatives: Bernard MICHAUX, Guy LANUIT and Cédric Antonelli
Resignations: Pierre MINNE (représentant permanent de la c.i.l.e.) and Philippe BOURY (représentant permanent de la swde) · Appointment: BDO Réviseurs d'Entreprises (statutory auditor) · Power of attorney10 facts ▸
  • General meeting, 27-04-2016
  • Permanent representative, Bernard MICHAUX
  • Director resignation, Pierre MINNE (représentant permanent de la c.i.l.e.)
  • General meeting, 16-05-2017
  • Permanent representative, Guy LANUIT
  • Director resignation, Philippe BOURY (représentant permanent de la swde)
  • Auditor appointment, BDO Réviseurs d'Entreprises (statutory auditor)
  • Permanent representative, Cédric Antonelli
  • Board meeting, 26-10-2016
  • Power of attorney, VROLIX
2017
12-06
State Gazette act Registered office
Registered-office move2 facts ▸
  • Board meeting, 28-02-2017
  • Registered-office move, 4020 Liège, Avenue de l'Indépendance 83
01-06
NBB filing Annual accounts filed
fiscal year 2016 · full schema
2016
23-11
State Gazette act Resignation: Pierre JOLY (director)
Appointment: JOLY SA (director) · Permanent representative: Pierre JOLY · Statutes amendment7 facts ▸
  • General meeting, 26-10-2016
  • Statutes amendment
  • Statutes amendment
  • Director resignation, Pierre JOLY (director)
  • Director discharge, Pierre JOLY
  • Director appointment, JOLY SA (director)
  • Permanent representative, Pierre JOLY
2015
12-03
State Gazette act Appointment: BDO Réviseurs d'Entreprises (statutory auditor)
Permanent representative: Cédric Antonelli3 facts ▸
  • General meeting, 10-02-2015
  • Auditor appointment, BDO Réviseurs d'Entreprises (statutory auditor)
  • Permanent representative, Cédric Antonelli
16-01
State Gazette act Appointments: INTRADEL, CILE and 6 others
Permanent representatives: Ernur COLAK, Pierre MINNE and 3 others14 facts ▸
  • General meeting, 28-01-2014
  • Director appointment, INTRADEL (director)
  • Permanent representative, Ernur COLAK
  • Director appointment, CILE (director)
  • Permanent representative, Pierre MINNE
  • Director appointment, AIDE (director)
  • Permanent representative, Claude TELLINGS
  • Director appointment, SDWE (director)
  • Permanent representative, Philippe BOURY
  • Director appointment, FINOFAB (director)
  • Permanent representative, Olivier FABRY
  • Director appointment, Georges PIRE (director)
  • +2 further facts in this act
2013
07-05
State Gazette act Appointments: Pierre JOLY (managing director) and Philippe BOURY (chair of the board)
3 facts ▸
  • Board meeting, 17-10-2011
  • Director appointment, Pierre JOLY (managing director)
  • Director appointment, Philippe BOURY (chair of the board)
22-03
State Gazette act Appointments: Ernur Colak, INTRADEL scrl and 6 others
Resignations: Jean-Géry Godeaux (director) and Roger Husson (permanent representative) · Permanent representatives: Roger CROUGHS, Claude TELLINGS and 2 others16 facts ▸
  • General meeting, 16-06-2009
  • Director appointment, Ernur Colak (director)
  • Director resignation, Jean-Géry Godeaux (director)
  • General meeting, 26-04-2011
  • Director resignation, Roger Husson (permanent representative)
  • Director appointment, INTRADEL scrl (director)
  • Permanent representative, Roger CROUGHS
  • Director appointment, AIDE scrl (director)
  • Permanent representative, Claude TELLINGS
  • Director appointment, CILE scrl (director)
  • Permanent representative, Ernur Colak
  • Director appointment, Pierre JOLY (director)
  • +4 further facts in this act
2005
14-03
State Gazette act Incorporation
Appointments: COMPAGNIE INTERCOMMUNALE LIEGEOISE DES EAUX, Jean-Claude PHLYPO and 11 others · Permanent representatives: José STES, Roger CROUGHS and 2 others · Founding capital21 facts ▸
  • Incorporation, 16-02-2005
  • Founding capital, €348.000
  • Director appointment, COMPAGNIE INTERCOMMUNALE LIEGEOISE DES EAUX (director)
  • Permanent representative, José STES
  • Director appointment, Jean-Claude PHLYPO (director)
  • Director appointment, ASSOCIATION INTERCOMMUNALE DE TRAITEMENT DES DECHETS LIEGE.OIS (director)
  • Permanent representative, Roger CROUGHS
  • Director appointment, Charles GARDIER (director)
  • Director appointment, ASSOCIATION INTERCOMMUNALE POUR LE DEMERGEMENT ET L'EPURATION DES COMMUNES DE LA PROVINCE DE LIEGE (director)
  • Permanent representative, Claude TELLINGS
  • Director appointment, Jean-Claude PETERS (director)
  • Director appointment, Philippe BOURY (director)
  • +9 further facts in this act
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
16 of 16 acts read

Directors · office · real estate

Directors
8 directors, 1 in day-to-day management, no change since 2025

Board 8

FINOFAB
Non-statutory director · since 28-01-2014 · Legal entity · perm. rep.: Olivier FABRY
Current
A.I.D.E. scrl.
Director · since 30-09-2020 · Legal entity · perm. rep.: Florence HERRY
Current
C.I.L.E. scri.
Director · since 30-09-2020 · Legal entity · perm. rep.: Bernard MICHAUX
Current
FINOFAB sprl.
Director · since 30-09-2020 · Legal entity · perm. rep.: Olivier FABRY
Current
C&M FRERE CONSTRUCT
Non-statutory director · since 06-10-2021 · Private limited company · perm. rep.: Hervé FRERE
Current
DelGest
Non-statutory director · since 06-10-2021 · Private limited company · perm. rep.: Pascal DELHEZ
Current
TALAND
Non-statutory director · since 06-10-2021 · Private limited company · perm. rep.: Bertrand TALLIEU
Current
JOLY SA
Non-statutory director · Legal entity · perm. rep.: Pierre JOLY
Current
17 not recently confirmed
Still in office according to the acts, but no act of the last six years confirms the mandate. It has often ended since, in an act we have not read.
Jean-Claude PHLYPO
Chair · since 16-02-2005 · Director · since 16-02-2005
Not recently confirmed
ASSOCIATION INTERCOMMUNALE DE TRAITEMENT DES DECHETS LIEGE.OIS
Director · since 16-02-2005 · Legal entity · perm. rep.: Roger CROUGHS
Not recently confirmed
ASSOCIATION INTERCOMMUNALE POUR LE DEMERGEMENT ET L'EPURATION DES COMMUNES DE LA PROVINCE DE LIEGE
Director · since 16-02-2005 · Legal entity · perm. rep.: Claude TELLINGS
Not recently confirmed
Catherine JOLY
Director · since 16-02-2005
Not recently confirmed
Charles Gardier
Director · since 16-02-2005
Not recently confirmed
COMPAGNIE INTERCOMMUNALE LIEGEOISE DES EAUX
Director · since 16-02-2005 · Legal entity · perm. rep.: José STES
Not recently confirmed
Jean JOLY
Director · since 16-02-2005
Not recently confirmed
Jean-Claude PETERS
Director · since 16-02-2005
Not recently confirmed
Nicolas DUKERS
Director · since 16-02-2005
Not recently confirmed
SOCIETE WALLONNE DES EAUX
Director · since 16-02-2005 · Legal entity · perm. rep.: Pierre BOUHY
Not recently confirmed
Ernur COLAK
Director · since 16-06-2009
Not recently confirmed
AIDE scrl
Director · since 26-04-2011 · Legal entity · perm. rep.: Claude TELLINGS
Not recently confirmed
CILE scrl
Director · since 26-04-2011 · Legal entity · perm. rep.: Ernur Colak
Not recently confirmed
AIDE
Director · since 28-01-2014 · Legal entity · perm. rep.: Claude TELLINGS
Not recently confirmed
CILE
Director · since 28-01-2014 · Legal entity · perm. rep.: Pierre MINNE
Not recently confirmed
SDWE
Director · since 28-01-2014 · Legal entity · perm. rep.: Philippe BOURY
Not recently confirmed
JOLY SA
Director · since 26-10-2016 · Legal entity · perm. rep.: Pierre JOLY
Not recently confirmed

Day-to-day management 1

JOLY SA
Managing director · since 06-10-2021 · Legal entity · perm. rep.: Pierre JOLY
Current
1 not recently confirmed
Still in office according to the acts, but no act of the last six years confirms the mandate. It has often ended since, in an act we have not read.
JOLY S.A.
Managing director · since 16-05-2017 · Legal entity · perm. rep.: Pierre JOLY
Not recently confirmed

Permanent representatives 7

Bernard MICHAUX
Permanent representative · since 30-09-2020 · for C.I.L.E. scri.
Current
Florence HERRY
Permanent representative · since 30-09-2020 · for A.I.D.E. scrl.
Current
Olivier FABRY
Permanent representative · since 30-09-2020 · for FINOFAB sprl.
Current
Bertrand TALLIEU
Permanent representative · since 06-10-2021 · for TALAND
Current
Hervé FRERE
Permanent representative · since 06-10-2021 · for C&M FRERE CONSTRUCT
Current
Pascal DELHEZ
Permanent representative · since 06-10-2021 · for DelGest
Current
Pierre JOLY
Permanent representative · for JOLY SA
Current
7 not recently confirmed
Still in office according to the acts, but no act of the last six years confirms the mandate. It has often ended since, in an act we have not read.
José STES
Permanent representative · since 16-02-2005 · for COMPAGNIE INTERCOMMUNALE LIEGEOISE DES EAUX
Not recently confirmed
Pierre BOUHY
Permanent representative · since 16-02-2005 · for SOCIETE WALLONNE DES EAUX
Not recently confirmed
Roger CROUGHS
Permanent representative · since 16-02-2005 · for ASSOCIATION INTERCOMMUNALE DE TRAITEMENT DES DECHETS LIEGE.OIS
Not recently confirmed
Ernur Colak
Permanent representative · since 26-04-2011 · for CILE scrl
Not recently confirmed
Claude TELLINGS
Permanent representative · since 28-01-2014 · for AIDE
Not recently confirmed
Philippe BOURY
Permanent representative · since 28-01-2014 · for SDWE
Not recently confirmed
Pierre MINNE
Permanent representative · since 28-01-2014 · for CILE
Not recently confirmed

Statutory auditor 1

BDO Réviseurs d'Entreprises
Commissaire pour les comptes statutaires · since 10-02-2015 · perm. rep.: Cédric Antonelli
Current
Derived from published Gazette acts. The CBE keeps the official list of function holders; we do not read it, so the two can differ. See the function holders in the CBE →
Location & real-estate footprint
Registered office, Liège · 1 establishment unit since 2005
seat establishment The establishment unit on the map
Ground area
2.2 ha
Building footprint
603 m²
Volume, LiDAR
4,638 m³
Parcel 62113B0782/00E003, Wallonia · tallest building 8.3 m, ±3 floors. Linked by address, not a title deed.
13 companies at this address See who is registered here
1 establishment unit
TERRANOVA
Avenue de l'Indépendance 83, 4020 LiègeNACE 37200
since 20052.145.618.026
1 parcel
Wallonia 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
62113B0782/00E003 Wallonia 2.2 ha 1 · 603 m² 8.3 m · 3 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.

Mandate history

45 people since 2005, 27 in office
Show
  • Board
  • Day-to-day management
  • Permanent representative
  • Statutory auditor
  • not recently confirmed
  • began earlier
Mandates per person, with start and end dates
Name Functions and periods
FINOFAB
  • Director, from 28-01-2014 to date
A.I.D.E. scrl.
  • Director, from 30-09-2020 to date
C.I.L.E. scri.
  • Director, from 30-09-2020 to date
FINOFAB sprl.
  • Director, from 30-09-2020 to date
C&M FRERE CONSTRUCT
  • Non-statutory director, from 06-10-2021 to date
DelGest
  • Non-statutory director, from 06-10-2021 to date
JOLY SA
  • Managing director, from 06-10-2021 to date
  • Non-statutory director, already before 22-10-2021 to date
TALAND
  • Non-statutory director, from 06-10-2021 to date
BDO Réviseurs d'Entreprises
  • Commissaire pour les comptes statutaires, from 10-02-2015 to date
ASSOCIATION INTERCOMMUNALE DE TRAITEMENT DES DECHETS LIEGE.OIS
  • Director, from 16-02-2005 not ended, last confirmed 14-03-2005
ASSOCIATION INTERCOMMUNALE POUR LE DEMERGEMENT ET L'EPURATION DES COMMUNES DE LA PROVINCE DE LIEGE
  • Director, from 16-02-2005 not ended, last confirmed 14-03-2005
Catherine JOLY
  • Director, from 16-02-2005 not ended, last confirmed 22-03-2013
Charles Gardier
  • Director, from 16-02-2005 not ended, last confirmed 14-03-2005
COMPAGNIE INTERCOMMUNALE LIEGEOISE DES EAUX
  • Director, from 16-02-2005 not ended, last confirmed 14-03-2005
Jean JOLY
  • Director, from 16-02-2005 not ended, last confirmed 22-03-2013
Jean-Claude PETERS
  • Director, from 16-02-2005 not ended, last confirmed 14-03-2005
Jean-Claude PHLYPO
  • Chair, from 16-02-2005 not ended, last confirmed 14-03-2005
  • Director, from 16-02-2005 not ended, last confirmed 14-03-2005
Nicolas DUKERS
  • Director, from 16-02-2005 not ended, last confirmed 14-03-2005
SOCIETE WALLONNE DES EAUX
  • Director, from 16-02-2005 not ended, last confirmed 14-03-2005
Ernur COLAK
  • Director, from 16-06-2009 not ended, last confirmed 22-03-2013
AIDE scrl
  • Director, from 26-04-2011 not ended, last confirmed 22-03-2013
CILE scrl
  • Director, from 26-04-2011 not ended, last confirmed 22-03-2013
AIDE
  • Director, from 28-01-2014 not ended, last confirmed 16-01-2015
CILE
  • Director, from 28-01-2014 not ended, last confirmed 16-01-2015
SDWE
  • Director, from 28-01-2014 not ended, last confirmed 16-01-2015
JOLY SA
  • Director, from 26-10-2016 not ended, last confirmed 23-11-2016
JOLY S.A.
  • Managing director, from 16-05-2017 not ended, last confirmed 28-06-2018
VROLIX
  • Non-statutory director, from 06-10-2021 to 18-12-2025
Marc VROLIX
  • Board, from 10-07-2019 to 06-10-2021
Claude TELLINGS
  • Chair of the board, from 16-05-2017 ended, last mentioned 28-06-2018
  • Board, already before 06-06-2018 to 01-07-2021
INTRADEL, SCRL
  • Director, from 26-04-2011 to 01-07-2021
Jean-Marie MOUSNY
  • Director, from 28-01-2014 to 01-07-2021
L'A.I.D.E. scrl
  • Director, until 01-07-2021
La C.I.L.E. scrl
  • Director, until 01-07-2021
PIRE Georges
  • Director, from 28-01-2014 to 30-09-2020
Decerf Alain Théo Germain Lucien
  • Director, from 28-01-2014 to 10-07-2019
Intradel
  • Director, from 28-01-2014 to 10-07-2019
Pierre JOLY
  • Director, from 16-02-2005 to 26-10-2016
  • Managing director, from 16-02-2005 ended, last mentioned 07-05-2013
Philippe BOURY
  • Représentant permanent de la swde, until 27-04-2016
Pierre MINNE
  • Représentant permanent de la c.i.l.e., until 27-04-2016
DGST & Partners SCiv-SPRL
  • Statutory auditor, from 26-04-2011 to 10-02-2015
Philippe BOURY
  • Director, from 16-02-2005 ended, last mentioned 14-03-2005
  • Chair of the board, from 17-10-2011 ended, last mentioned 07-05-2013
Michel HOFMAN
  • Commissaire réviseur, from 16-02-2005 to 26-04-2011
Roger Husson
  • Permanent representative, until 26-04-2011
Jean-Géry Godeaux
  • Director, until 16-06-2009
See the board, name and seat on a given date →

Articles of association

Who signs
“La société est valablement représentée vis-à-vis des tiers, en justice et dans les actes, y compris ceux pour lesquels le concours d'un officier ministériel ou d'un notaire serait requis, par un administrateur agissant conjointement avec l'administrateur délégué. L'administrateur délégué agissant…”
Full text

La société est valablement représentée vis-à-vis des tiers, en justice et dans les actes, y compris ceux pour lesquels le concours d'un officier ministériel ou d'un notaire serait requis, par un administrateur agissant conjointement avec l'administrateur délégué. L'administrateur délégué agissant seul a, dans la limite définie ci-après, le pouvoir de représenter la société devant toutes les administrations publiques et/ou privées ainsi que devant tout pouvoir adjudicateur quel qu'íl soit. Ce pouvoir est limité à celui de signer toute offre dans le cadre d'un marché public et/ou privé d'un montant inférieur ou égal à 500.000 € HTVA (cing cent mille euros hors taxe sur la valeur ajoutée) et d'engager la S.A. TERRANOVA à ce titre. Dans la limite de la gestion journaliére, la société est également valablement représentée par un délégué à cette gestion. La société est en outre, dans les limites de leur mandat, valablement représentée par des mandataires spéciaux

Purpose
Le tri, le regroupement, le traitement et la valorisation des terres de quelque nature qu'elles soient notamment pour les transformer en matériaux de construction. Plus…
Full purpose

Le tri, le regroupement, le traitement et la valorisation des terres de quelque nature qu'elles soient notamment pour les transformer en matériaux de construction. Plus généralement, la société peut effectuer la valorisation de tous les déchets issus du secteur de la construction et de la démolition ainsi que ceux qui résultent de l'activité propre de ses actionnaires.

Structure & network

Part of the group JOLY 12 companies Group, risk and exposure

Owners and holdings

1 owner

Chain of control

  1. JOLY 80%
  2. JOLY SA 100%
  3. TERRANOVA

Highest known parent: JOLY. The sources do not say who stands above it.

Owners 1

Holdings 0

No holding stated in the accounts, acts or LEI register we read.

According to the annual accounts of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.

Connections & network

28 connected companies
Linked via shared directors
Show 24 more companies with a shared director

Capital and shareholders

Capital over the years
  1. 22-10-2021 Capital stated in the act · 261,000 EUR · 2,610 shares
  2. 21-06-2019 Capital reduction of 87,000 EUR · to 261,000 EUR
  3. 14-03-2005 Incorporation · 348,000 EUR · 3,480 shares

Similar companies · same sector, comparable size

Of 977 companies in sector 38210 we hold annual accounts for 587. 411 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector

Identification & contact

Identification
Legal formPublic limited company
Founded03-03-2005
Fiscal year end31-12
Activities, NACEBEL 2025
38210Materials recovery from waste
43120Site preparation
E-invoicing
Reachable via Peppol
Peppol ID 0208:0872242806
Registered 13-11-2025

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.