TERRAS - DECOR
ActiveTERRAS - DECOR has been active since 1978 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.93M and a net result of €56k. Equity is growing by ~4.5% per year across the filed fiscal years. Its solvency ranks better than 91% of 2033 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
86
/ 100
Excellent▼ -8 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability15▼-29
Solvency100=
Growth52▼-26
Stability100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €170k at 30 days acceptable
Liquidity ample (current ratio 5.4 against 4.7 in 2024), and 17.1% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven 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 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 25
Relative position
BE, all sectors
reference
Sector 25
higher
← 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
82.9%
Return on assets
2.4%
Age of the figures
9 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 17-07-2026, 14 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
14 d early
2024
15 d early
2023
28 d early
2022
26 d early
2021
11 d early
2020
2 d early
2019
4 d early
← before the deadline
after the deadline →
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
16-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€56k▼ 66.1%
2024 · €166k
2019: €90k
2020: €156
2021: €73k
2022: €28k
2023: €129k
2024: €166k
2019 → 2025
Working capital
€1.72M▲ 6.4%
2024 · €1.61M
2019: €1.26M
2020: €1.35M
2021: €1.28M
2022: €1.33M
2023: €1.51M
2024: €1.61M
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€1.55M-€1.57M▲ 1.8%€1.70M▲ 8.2%€1.87M▲ 9.8%€1.93M▲ 3.0%
Operating result€84k-€17k▼ 79.9%€172k▲ 916%€196k▲ 14.1%€61k▼ 68.8%
Net result€73k-€28k▼ 61.3%€129k▲ 356%€166k▲ 29.2%€56k▼ 66.1%
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 69% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €2.32M
Fixed assets
€216k▼ 24.8%
Current assets
€2.11M▲ 2.8%
Equity and liabilities €2.32M
Equity
€1.93M▲ 3.0%
Debt
€397k▼ 15.2%
The debt ratio falls from 20.0% to 17.1%: equity grows while debt is paid down.
Key figures and ratios
EBITDA
€171k▼
2024 · €320k
Cash flow
€166k▼
2024 · €290k
Solvency
82.9%▲
2024 · 80.0%
Current ratio
5.40▲
2024 · 4.70
Quick ratio
3.39▲
2024 · 3.25
Debt / equity
0.21▼
2024 · 0.25
ROE
2.9%▼
2024 · 8.9%
ROA
2.4%▼
2024 · 7.1%
Interest coverage
13.24▼
2024 · 40.85
Debt
€397k▼
2024 · €468k
Debt ≤ 1 year
€390k▼
2024 · €436k
Debt > 1 year
€6k▼
2024 · €31k
Income taxes
€14k▼
2024 · €57k
Staff costs
€550k▲
2024 · €507k
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 · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€2.34M€2.32M▼
Fixed assets21/28€288k€216k▼
Intangible fixed assets21€4k€3k▼
Tangible fixed assets22/27€278k€208k▼
Plant, machinery and equipment23€68k€75k▲
Furniture and vehicles24€175k€119k▼
Leasing and similar rights25€35k€14k▼
Financial fixed assets28€5k€5k=
Current assets29/58€2.05M€2.11M▲
Amounts receivable after more than one year29€258k€249k▼
Other amounts receivable291€258k€249k▼
Stocks and contracts in progress3€629k€785k▲
Stocks30/36€312k€303k▼
Contracts in progress37€318k€482k▲
Amounts receivable within one year40/41€196k€177k▼
Trade receivables40€149k€120k▼
Other amounts receivable41€46k€57k▲
Current investments50/53€817k€667k▼
Cash at bank and in hand54/58€130k€202k▲
Deferred charges and accrued income490/1€19k€26k▲
Equity and liabilities
Total equity and liabilities10/49€2.34M€2.32M▼
Equity10/15€1.87M€1.93M▲
Contributions10/11€345k€345k=
Capital10€345k€345k=
Issued capital100€345k€345k=
Reserves13€1.52M€1.58M▲
Non-distributable reserves130/1€34k€34k=
Legal reserve130€34k€34k=
Tax-exempt reserves132€7k€70k▲
Distributable reserves133€1.48M€1.48M▼
Profit (loss) carried forward14€744€498▼
Amounts payable17/49€468k€397k▼
Amounts payable after more than one year17€31k€6k▼
Financial debts170/4€31k-
Other amounts payable178/9-€6k
Amounts payable within one year42/48€436k€390k▼
Current portion of amounts payable after more than one year42€45k€24k▼
Trade debts44€150k€131k▼
Suppliers440/4€150k€131k▼
Advances received on contracts in progress46€175k€167k▼
Taxes, remuneration and social security45€66k€52k▼
Taxes450/3€1k€2k▲
Remuneration and social security454/9€64k€51k▼
Other amounts payable47/48-€15k
Accrued charges and deferred income492/3€580€620▲
Income statement
Code20242025
Remuneration, social security and pensions62€507k€550k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€124k€109k▼
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€18k€-50▼
Other operating charges640/8€32k€31k▼
Gross operating margin9900€877k€751k▼
Operating profit (loss)9901€196k€61k▼
Financial income75/76B€35k€22k▼
Recurring financial income75€35k€22k▼
Financial charges65/66B€8k€13k▲
Recurring financial charges65€8k€13k▲
Profit (loss) for the period before taxes9903€223k€70k▼
Income taxes67/77€57k€14k▼
Profit (loss) for the period9904€166k€56k▼
Transfer to tax-exempt reserves689-€63k
Profit (loss) for the period to be appropriated9905€166k€-7k▼
Appropriation of the result
Profit (loss) to be appropriated9906€167k€-6k▼
Profit (loss) brought forward from the previous period14P€580€744▲
Transfer from equity791/2-€7k
Transfer to equity691/2€166k-
To other reserves6921€166k-
Social balance
Average headcount (FTE)90878.89.2▲
The notes to these accounts (14 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
17-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
16-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Highest result since 2019net €166k ▲29.2%
Operating result €196k, net result €166k, both a record.
03-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
05-01
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
20-01
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
29-01
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
30-06
Financial
Weakest financial yearnet €156 ▼99.8%
Net result drops to €156, the lowest in the series; recovery starts the following year.
27-01
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
30-01
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
30-01
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
24-01
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
8 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, Zulte · 1 establishment unit since 1978
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.
Staatsbaan 2789870 ZulteGround area
7,685 m²
Building footprint
4,796 m²
Volume, LiDAR
33,738 m³
Parcel 44081A0407/00E000, Flanders · tallest building 11.6 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Terras Decor
since 19782.014.727.909
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44081A0407/00E000 | Flanders | 7,685 m² | 1 · 4,796 m² | 11.6 m · 2 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.
Public money · subsidies and aid
Flemish government
2022 to 2025 · 3 entries · 406 EUR awarded · 346 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 202 EUR | 202 EUR |
| 2024 | 1 | 144 EUR | 144 EUR |
| 2022 | 1 | 60 EUR | 0 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Recognitions · licences · registrations
Recognised contractor
1 categoryTERRAS - DECOR NV42578
Legal Entity Identifier
254900Q9W2VK5Q7GFO12
Similar companies · same sector, comparable size
DUBO
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BE 0462.946.851
Bütgenbach · Eq €1.94M
J. De Win
BE 0403.642.833
Kontich · Eq €1.94M
BEMECO
BE 0871.686.639
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ALUVANO
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Ledegem · Eq €1.89M
Of 908 companies in sector 25120 we hold annual accounts for 677. 416 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded22-03-1978
Fiscal year end31-12
Activities, NACEBEL
25120Manufacture of fabricated metal products, except machinery and equipment
43990Other specialised construction activities
43999Specialised construction activities
45250
Sources
Crossroads Bank for EnterprisesNational Bank · 47 filingsAddress and cadastre registers
Data from official sources, last processed on 14-09-2026. Scores and ratios are computed by Checked and are not a credit decision.