Terranovis
ActiveTerranovis has been active since 1995 and the Belgian State Gazette contains no insolvency signals. The CBE does carry 1 administrative register entry (see administrative flags). The 2024 annual accounts show equity of €214k and a net result of €113k. Equity is growing by ~67.4% per year across the filed fiscal years. Its solvency ranks better than 49% of 9692 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2024
83
/ 100
Excellent▲ +2 vs 2023
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability100=
Solvency62▲+20
Growth78=
Stability92
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €18k at 30 days acceptable
Liquidity ample (current ratio 1.66 against 2.09 in 2023), but 69.9% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Sector 68
lower
← 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
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 08-10-2025, 69 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
not confirmed
2024
69 d late
2023
40 d late
2022
70 d late
2021
30 d late
2020
52 d late
2019
74 d late
← before the deadline
after the deadline →
raises risk · Administrative warnings in the KBO publications
1 publication by the FPS Economy about this company, such as a strike-off for address, accounts or UBO, or its withdrawal.
KBO publicationsPublications
Address struck
Financials · fiscal year 2024, abbreviated schema
Equity
€214k▲ 112%
2023 · €101k
2018: €23k
2019: €13k
2020: €8k
2021: €43k
2022: €44k
2023: €101k
2018 → 2024
Total assets
€711k▼ 7.1%
2023 · €765k
2018: €1.62M
2019: €3.26M
2020: €4.37M
2021: €1.59M
2022: €142k
2023: €765k
2018 → 2024
Net result
€113k▼ 45.3%
2023 · €207k
2018: €36k
2019: €-10k
2020: €-5k
2021: €35k
2022: €1k
2023: €207k
2018 → 2024
Working capital
€195k▼ 30.4%
2023 · €281k
2018: €23k
2019: €14k
2020: €10k
2021: €44k
2022: €45k
2023: €281k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€8k-€43k▲ 459%€44k▲ 2.7%€101k▲ 129%€214k▲ 112%
Operating result€-2k-€42k€1k▼ 97.0%€280k▲ 21,796%€145k▼ 48.2%
Net result€-5k-€35k€1k▼ 96.7%€207k▲ 17,485%€113k▼ 45.3%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2024; 2024 is 48% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €711k
Fixed assets
€221k▼ 2.4%
Current assets
€490k▼ 9.1%
Equity and liabilities €711k
Equity
€214k▲ 112%
Debt
€497k▼ 25.2%
The debt ratio falls from 86.8% to 69.9%: equity grows while debt is paid down.
Key figures and ratios
EBITDA
€150k▼
2023 · €284k
Cash flow
€118k▼
2023 · €211k
Solvency
30.1%▲
2023 · 13.2%
Current ratio
1.66▼
2023 · 2.09
Quick ratio
1.66▼
2023 · 2.09
Debt / equity
2.32▼
2023 · 6.58
ROE
52.8%▼
2023 · 204.9%
ROA
15.9%▼
2023 · 27.0%
Interest coverage
577.84▼
2023 · 1347.65
Debt
€497k▼
2023 · €664k
Debt ≤ 1 year
€295k▲
2023 · €258k
Debt > 1 year
€202k▲
2023 · €192k
Income taxes
€40k▼
2023 · €76k
Staff costs
€58k▲
2023 · €43k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€765k€711k▼
Fixed assets21/28€226k€221k▼
Tangible fixed assets22/27€23k€17k▼
Furniture and vehicles24€23k€17k▼
Financial fixed assets28€204k€204k=
Current assets29/58€539k€490k▼
Amounts receivable within one year40/41€397k€483k▲
Trade receivables40€245k€233k▼
Other amounts receivable41€152k€251k▲
Cash at bank and in hand54/58€141k€6k▼
Deferred charges and accrued income490/1€329€890▲
Equity and liabilities
Total equity and liabilities10/49€765k€711k▼
Equity10/15€101k€214k▲
Contributions10/11€19k€19k=
Reserves13€61k€61k=
Non-distributable reserves130/1€0-
Reserves not available under the articles1311€0-
Distributable reserves133€61k€61k=
Profit (loss) carried forward14€22k€135k▲
Amounts payable17/49€664k€497k▼
Amounts payable after more than one year17€192k€202k▲
Other amounts payable178/9€192k€202k▲
Amounts payable within one year42/48€258k€295k▲
Trade debts44€27k€191k▲
Suppliers440/4€27k€191k▲
Taxes, remuneration and social security45€80k€102k▲
Taxes450/3€76k€95k▲
Remuneration and social security454/9€4k€7k▲
Other amounts payable47/48€151k€771▼
Accrued charges and deferred income492/3€214k€0▼
Income statement
Code20232024
Remuneration, social security and pensions62€43k€58k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€4k€5k▲
Other operating charges640/8€1k€144k▲
Gross operating margin9900€329k€353k▲
Operating profit (loss)9901€280k€145k▼
Financial income75/76B€3k€8k▲
Recurring financial income75€3k€8k▲
Financial charges65/66B€211€260▲
Recurring financial charges65€211€260▲
Profit (loss) for the period before taxes9903€283k€153k▼
Income taxes67/77€76k€40k▼
Profit (loss) for the period9904€207k€113k▼
Profit (loss) for the period to be appropriated9905€207k€113k▼
Appropriation of the result
Profit (loss) to be appropriated9906€228k€135k▼
Profit (loss) brought forward from the previous period14P€22k€22k=
Transfer to equity691/2€57k€0▼
To other reserves6921€57k€0▼
Profit to be distributed694/7€150k€0▼
Return on contributions (dividend)694€150k€0▼
Social balance
Average headcount (FTE)9087-1.0
The notes to these accounts (10 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
08-10
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 69 days late
2024
31-12
Financial
Equity above €200kEq €214k ▲112%
4 profitable years in a row build equity to €214k.
09-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 40 days late
02-08
KBO administration
Address struck
Bolk 7 bus 4 2350 L’adresse du siège Bolk 7 boîte 4 2350 Die Sitzadresse Bolk 7 Bfk. 4 2350 Vosselaar
Vosselaar werd doorgehaald met ingang van Vosselaar · event 21-06-2024
2023
31-12
Financial
Highest result since 2018net €207k ▲17485%
Operating result €280k, net result €207k, both a record.
31-12
Financial
Equity above €100kEq €101k ▲129%
3 profitable years in a row build equity to €101k.
09-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 70 days late
2022
30-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 30 days late
2021
31-12
Financial
Back to profitnet €35k
Net result €35k after 2 loss-making years.
21-09
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 52 days late
2020
13-10
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 74 days late
2019
31-12
Financial
Weakest financial yearnet €-10k ▼127%
Net result drops to €-10k, the lowest in the series; recovery starts the following year.
31-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
29-10
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 90 days late
2017
04-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 4 days late
2016
07-07
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
no sitting director, no change since 2024
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
26-10-2024
Resigned as Director
Location & real-estate footprint
Registered office, Turnhout · 1 establishment unit since 1999
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Patersstraat 1002300 TurnhoutGround area
4,597 m²
Building footprint
1,227 m²
Volume, LiDAR
15,148 m³
Parcel 13454R0631/00A000, Flanders · tallest building 32.4 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
LUMA
since 19992.073.486.549
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 13454R0631/00A000 | Flanders | 4,597 m² | 1 · 1,227 m² | 32.4 m · 4 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
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
INTERACTIVE FINANCE
BE 0473.833.122
Ukkel · Eq €214k
NATIONALE
BE 0439.988.931
Schoten · Eq €214k
RYAD IMMO
BE 0893.924.086
Elsene · Eq €214k
Ladivi
BE 1003.089.668
Turnhout · Eq €214k
SOKA
BE 0437.895.315
Malmedy · Eq €214k
Of 9,094 companies in sector 68201 we hold annual accounts for 6,725. 4,816 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded07-09-1995
Fiscal year end31-12
Activities, NACEBEL
68201Renting and operating of own or leased residential real estate, excluding social housing
Sources
Crossroads Bank for EnterprisesNational Bank · 29 filingsAddress and cadastre registers
Data from official sources, last processed on 12-09-2026. Scores and ratios are computed by Checked and are not a credit decision.