TerraSync
ActiveSummary
The computed 12-month bankruptcy probability of TerraSync is 3.6% (moderate). The 2024 annual accounts show equity of €12,623 and a net result of €12,573. Its solvency ranks better than 74% of 35,975 sector peers (NACE 43, financial year 2024). The company has been active since 2024 and the Belgian Official Gazette contains no insolvency or warning signals.
Overview
- Equity
- €12,623
- Profit
- €12,573
Why 51raises riskFounded in 2024Figures for financial year 2024 (filed 05-08-2025)Size: total assets €18,5381 financial year not filed after the legal deadline; latest accounts 5 days lateShow the evidence
Checked score
About 4 in 100 comparable companies go bankrupt within 12 months (an estimate).
How it is calculated
The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 43, micro): better than 74% on solvency, 36% on liquidity and 92% on profitability.
The bankruptcy probability was computed on 19-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).
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Signals
This company filed its 2024 accounts 5 days after the deadline; the sector median (NACE 43) for financial year 2024 is 1 day before the deadline, and 43% of those companies filed late.
Searched, nothing found (1)
- Annual accounts filedfinancial year 2024 · micro…
- IncorporationAppointment: Marie HUBAUT (director) ·…
Financials · financial year 2024, micro format
2024 annual accounts filed late (5 days) Filed on 5 August 2025, deadline 31 July 2025 (7 months after the close on 31 December 2024, Companies Code art. 3:10). Source: NBB, 2025-00357817.
Turnover and EBIT margin not published: the micro format does not require them.
Peer companies
Historical observationOf the 39,278 companies that looked in July 2024 the way this one looks now, 1.8% went bankrupt within 24 months and 95.8% are still going.
- Micro
- 2 to 5 years old
- 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 higher bankruptcy probability: 3.6% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,472 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 74.5% 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 39,278 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 | 2024 |
|---|---|
| Gross operating margin9900 | €15,575 |
| Operating profit (loss)9901 | €15,575 |
| Financial income75/76B | €342 |
| Recurring financial income75 | €342 |
| Financial charges65/66B | €13 |
| Recurring financial charges65 | €13 |
| Profit (loss) for the period before taxes9903 | €15,903 |
| Income taxes67/77 | €3,330 |
| Profit (loss) for the period9904 | €12,573 |
| Profit (loss) for the period to be appropriated9905 | €12,573 |
| Line | 2024 | |
|---|---|---|
| Assets | ||
| Total assets20/58 | €18,538 | |
| Current assets29/58 | €18,538 | |
| Amounts receivable within one year40/41 | €17,172 | |
| Trade receivables40 | €5,000 | |
| Other amounts receivable41 | €12,172 | |
| Cash at bank and in hand54/58 | €1,366 | |
| Equity and liabilities | ||
| Total equity and liabilities10/49 | €18,538 | |
| Equity10/15 | €12,623 | |
| Contributions10/11 | €50 | |
| Profit (loss) carried forward14 | €12,573 | |
| Amounts payable17/49 | €5,915 | |
| Amounts payable within one year42/48 | €5,915 | |
| Trade debts44 | €2,585 | |
| Suppliers440/4 | €2,585 | |
| Taxes, remuneration and social security45 | €3,330 | |
| Taxes450/3 | €3,330 | |
| Line | 2024 |
|---|---|
| Profit (loss) for the period9904 | €12,573 |
| Operating cash flow (approximation) | €12,573 |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Filings with the National Bank (1)
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2024 | micro format | 05-08-2025 | 2025-00357817 |
Similar companies · same sector, comparable size
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Owners and capital
Owners
No owners or capital events in the accounts and acts we read.
History
Acts, filings and financial milestones
21-10
Gazette deed
IncorporationAppointment: Marie HUBAUT (director) · Founder · Founding capital8 facts ▸
- Incorporation, “TerraSync” (deed in Dutch)
- Founder, MENTEN Dimitri Anne-Marie Richard
- Founder, HUBAUT Marie Catherine Dorothea Carolien
- Founding capital, €150
- Other provision, “notariële bevestiging deponering en beschikking funds”, 150 (deed in Dutch)
- Board rule, 1, “vergadering” (deed in Dutch)
- Director appointment, Marie HUBAUT (director (not named in the articles))
- Registered office clause, “Pastorijstraat 2”, 3340 (deed in Dutch)
Register details
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 20 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Check the withholding obligation If you pay this company for building or cleaning work, check before every payment whether you must withhold part of the invoice, with enterprise number 1015.239.117
Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.
Sites & property
1 establishment unit
1 parcel
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 24017C0092/00F000 | Flanders | 203 m² | 1 · 169 m² | 8.2 m · 2 |
How the parcels are linked
Articles of association
What the company does
- DurationHow long the company exists; usually unlimited, so until it is dissolved.
- Unlimited
- Name clauseThe name the company operates under according to its articles.
- TerraSync
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- “Vlaams Gewest, bij enkel besluit bestuursorgaan administratieve zetels,agentschappen,werkhuizen,stapelplaatsen en bijkantoren in België of…” (deed in Dutch)
Who represents it, and how
- Who signsWho may bind the company towards others, for example by signing a contract.
- “Iedere bestuurder vertegenwoordigt de vennootschap jegens derden en in rechte als eiser of als verweerder. Hij/Zij kan bijzondere machten…”
- Board ruleHow the board is made up, meets and takes decisions.
- “Natuurlijke personen of rechtspersonen,al dan niet aandeelhouder, onbepaalde duur” (deed in Dutch)“Algemene kosten,los van representatie-,reis-en verplaatsingskosten, algemene vergadering met absolute meerderheid of enige aandeelhouder” (deed in Dutch)
Meetings and financial year
- Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
- Last Saturday of June at 18:00
Oversight and winding up
- Dissolution ruleWhen and by whom the company can be dissolved.
- One provision in the deed