TERRANOVA
ActiveSummary
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).
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Signals
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)
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
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Financials · fiscal year 2024, full schema, 2025 accounts filed, figures not processed yet
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).
Peer companies
Historical observationOf 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
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%.
| 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.
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| 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% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| 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 | - | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| 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.
Timeline · acts, filings and financial milestones
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
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 othersPermanent 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)
26-10
State Gazette act
Appointments: A.I.D.E. scrl., INTRADEL scrl. and 4 othersPermanent 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
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 & sharesShare 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
28-09
State Gazette act
Permanent representative: Florence HERRYResignation: 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)
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 AntonelliResignations: 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
12-06
State Gazette act
Registered officeRegistered-office move2 facts ▸
- Board meeting, 28-02-2017
- Registered-office move, 4020 Liège, Avenue de l'Indépendance 83
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
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 othersPermanent 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
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 othersResignations: 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
14-03
State Gazette act
IncorporationAppointments: 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
Directors · office · real estate
Board 8
17 not recently confirmed
Day-to-day management 1
1 not recently confirmed
Permanent representatives 7
7 not recently confirmed
Statutory auditor 1
1 establishment unit
1 parcel
| 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
Mandate history
- Board
- Day-to-day management
- Permanent representative
- Statutory auditor
- not recently confirmed
- began earlier
| Name | Functions and periods |
|---|---|
| FINOFAB |
|
| A.I.D.E. scrl. |
|
| C.I.L.E. scri. |
|
| FINOFAB sprl. |
|
| C&M FRERE CONSTRUCT |
|
| DelGest |
|
| JOLY SA |
|
| TALAND |
|
| BDO Réviseurs d'Entreprises |
|
| ASSOCIATION INTERCOMMUNALE DE TRAITEMENT DES DECHETS LIEGE.OIS |
|
| ASSOCIATION INTERCOMMUNALE POUR LE DEMERGEMENT ET L'EPURATION DES COMMUNES DE LA PROVINCE DE LIEGE |
|
| Catherine JOLY |
|
| Charles Gardier |
|
| COMPAGNIE INTERCOMMUNALE LIEGEOISE DES EAUX |
|
| Jean JOLY |
|
| Jean-Claude PETERS |
|
| Jean-Claude PHLYPO |
|
| Nicolas DUKERS |
|
| SOCIETE WALLONNE DES EAUX |
|
| Ernur COLAK |
|
| AIDE scrl |
|
| CILE scrl |
|
| AIDE |
|
| CILE |
|
| SDWE |
|
| JOLY SA |
|
| JOLY S.A. |
|
| VROLIX |
|
| Marc VROLIX |
|
| Claude TELLINGS |
|
| INTRADEL, SCRL |
|
| Jean-Marie MOUSNY |
|
| L'A.I.D.E. scrl |
|
| La C.I.L.E. scrl |
|
| PIRE Georges |
|
| Decerf Alain Théo Germain Lucien |
|
| Intradel |
|
| Pierre JOLY |
|
| Philippe BOURY |
|
| Pierre MINNE |
|
| DGST & Partners SCiv-SPRL |
|
| Philippe BOURY |
|
| Michel HOFMAN |
|
| Roger Husson |
|
| Jean-Géry Godeaux |
|
Articles of association
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
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
Owners and holdings
1 ownerChain of control
Highest known parent: JOLY. The sources do not say who stands above it.
Owners 1
- JOLY SAparentSourceaccounts JOLY SA 2025100%
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 companiesShow 24 more companies with a shared director
Capital and shareholders
- 22-10-2021 Capital stated in the act · 261,000 EUR · 2,610 shares
- 21-06-2019 Capital reduction of 87,000 EUR · to 261,000 EUR
- 14-03-2005 Incorporation · 348,000 EUR · 3,480 shares
Similar companies · same sector, comparable size
Company details
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.