TERRATREC
ActiveSummary
TERRATREC has been active since 2012 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€7,142) and a net result of €3,578. Equity is growing by ~13.8% per year across the filed fiscal years. Its solvency ranks better than 7% of 28374 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.3% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability81▼-19
Solvency6▲+3
Growth78=
Track record100
Bankruptcy probability, 12 months
1.3%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity tight (current ratio 1.5 against 1.24 in 2024; short-term debt: 50.4% and cash: 12.5% of total assets), and equity is negative.
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Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
-19.3%
Return on assets
9.7%
Age of the figures
9 mo
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 · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 7% of 28374 sector peers (2025).
NBB · sector comparisonPosition among 28374 sector peers
Solvency
better than 7%
← weakest
strongest →
neutral · A punctual record breaks
This company filed 4 consecutive financial years on time. The year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 07-08-2026, 7 days late. Weigh it accordingly: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.
NBB · 10 filingsDeviation from the deadline
2025
7 d late
2024
57 d early
2023
44 d early
2022
59 d early
2021
32 d early
2020
27 d late
2019
59 d early
← 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 31 days before the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% 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 18 June (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
30-09-2026 today31-12-2026 close31-07-2027 deadline
History
Go further with this company
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Financials · fiscal year 2025, micro schema
Equity
-€7,142▲ 33.4%
2024 · -€10,720
Total assets
€37,045▼ 22.6%
2024 · €47,854
Net result
€3,578▼ 91.0%
2024 · €39,643
Working capital
€9,321▲ 33.5%
2024 · €6,980
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€5,243€16,067▲ 206%€12,299▼ 23.5%€40,947▲ 233%€4,570▼ 88.8%
Net result€738below the sector's middle half€12,485within the sector's middle half▲ 1,592%€10,326within the sector's middle half▼ 17.3%€39,643above the sector's middle half▲ 284%€3,578within the sector's middle half▼ 91.0%
Equity-€73,174below the sector's middle half▲ 1.0%-€60,689below the sector's middle half▲ 17.1%-€50,363below the sector's middle half▲ 17.0%-€10,720below the sector's middle half▲ 78.7%-€7,142below the sector's middle half▲ 33.4%
Total assets€55,150below the sector's middle half▼ 16.6%€48,766below the sector's middle half▼ 11.6%€38,040below the sector's middle half▼ 22.0%€47,854below the sector's middle half▲ 25.8%€37,045below the sector's middle half▼ 22.6%
Debt€128,324▼ 8.4%€109,455▼ 14.7%€88,402▼ 19.2%€58,574▼ 33.7%€44,186▼ 24.6%
Working capital-€24,337below the sector's middle half▲ 15.6%-€13,974below the sector's middle half▲ 42.6%-€363below the sector's middle half▲ 97.4%€6,980within the sector's middle half€9,321within the sector's middle half▲ 33.5%
Solvency-132.7%below the sector's middle half▼ 20.9pp-124.4%below the sector's middle half▲ 8.2pp-132.4%below the sector's middle half▼ 7.9pp-22.4%below the sector's middle half▲ 110.0pp-19.3%below the sector's middle half▲ 3.1pp
Current ratio0.56below the sector's middle half▲ 0.110.73below the sector's middle half▲ 0.170.99below the sector's middle half▲ 0.261.24within the sector's middle half▲ 0.251.50within the sector's middle half▲ 0.26
Return on assets (ROA)1.3%within the sector's middle half▲ 31.9pp25.6%above the sector's middle half▲ 24.3pp27.1%above the sector's middle half▲ 1.5pp82.8%above the sector's middle half▲ 55.7pp9.7%within the sector's middle half▼ 73.2pp
above
within
below
the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 89% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €37,045
Fixed assets
€9,052 ▼ 23.3%
Current assets
€27,993 ▼ 22.4%
Key figures and ratios
EBITDA
€7,319▼
2024 · €42,890
Cash flow
€6,327▼
2024 · €41,586
Debt to equity
-6.19▼
2024 · -5.46
Interest coverage
7.38▼
2024 · 32.42
Debt ≤ 1 year
€18,672▼
2024 · €29,074
Debt > 1 year
€25,500▼
2024 · €29,500
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 3,632 companies that looked in July 2024 the way this one looks now, 2.9% went bankrupt within 24 months and 92% are still going.
- Micro
- 10 to 20 years old
- negative equity
- a profit of 5% of the balance sheet or more
2.9%
went bankrupt
4.8%
stopped otherwise
92%
still going
A further 0.4% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 1.3% 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 3,632 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
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €18,068 | €11,368 | €11,314 | €1,943 | €2,749 | ▲ 41.5% |
| Other operating charges640/8 | €1,030 | €1,360 | €951 | €482 | €414 | ▼ 14.1% |
| Non-recurring operating charges66A | - | - | €96 | - | - | - |
| Gross operating margin9900 | €24,340 | €28,795 | €24,660 | €43,371 | €7,732 | ▼ 82.2% |
| Operating profit (loss)9901 | €5,243 | €16,067 | €12,299 | €40,947 | €4,570 | ▼ 88.8% |
| Financial income75/76B | - | - | €319 | €19 | €1 | ▼ 96.7% |
| Recurring financial income75 | - | - | €319 | €19 | €1 | ▼ 96.7% |
| Financial charges65/66B | €4,505 | €3,582 | €2,292 | €1,323 | €992 | ▼ 25.0% |
| Recurring financial charges65 | €4,505 | €3,582 | €2,292 | €1,323 | €992 | ▼ 25.0% |
| Profit (loss) for the period before taxes9903 | €738 | €12,485 | €10,326 | €39,643 | €3,578 | ▼ 91.0% |
| Profit (loss) for the period9904 | €738 | €12,485 | €10,326 | €39,643 | €3,578 | ▼ 91.0% |
| Profit (loss) for the period to be appropriated9905 | €738 | €12,485 | €10,326 | €39,643 | €3,578 | ▼ 91.0% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €55,150 | €48,766 | €38,040 | €47,854 | €37,045 | ▼ 22.6% |
| Fixed assets21/28 | €24,356 | €11,314 | - | €11,801 | €9,052 | ▼ 23.3% |
| Tangible fixed assets22/27 | €24,356 | €11,314 | - | €11,801 | €9,052 | ▼ 23.3% |
| Plant, machinery and equipment23 | €1,996 | €134 | - | - | - | - |
| Furniture and vehicles24 | €22,360 | €11,180 | - | €11,801 | €9,052 | ▼ 23.3% |
| Current assets29/58 | €30,794 | €37,452 | €38,040 | €36,054 | €27,993 | ▼ 22.4% |
| Amounts receivable within one year40/41 | €29,019 | €35,375 | €34,668 | €32,834 | €22,675 | ▼ 30.9% |
| Trade receivables40 | €26,572 | €32,252 | €31,194 | €30,705 | €20,162 | ▼ 34.3% |
| Other amounts receivable41 | €2,448 | €3,124 | €3,474 | €2,129 | €2,513 | ▲ 18.0% |
| Cash at bank and in hand54/58 | €1,556 | €1,851 | €3,133 | €2,913 | €4,629 | ▲ 58.9% |
| Deferred charges and accrued income490/1 | €219 | €226 | €239 | €307 | €689 | ▲ 125% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €55,150 | €48,766 | €38,040 | €47,854 | €37,045 | ▼ 22.6% |
| Equity10/15 | -€73,174 | -€60,689 | -€50,363 | -€10,720 | -€7,142 | ▲ 33.4% |
| Contributions10/11 | €20,000 | €20,000 | €20,000 | €20,000 | €20,000 | = |
| Profit (loss) carried forward14 | -€93,174 | -€80,689 | -€70,363 | -€30,720 | -€27,142 | ▲ 11.6% |
| Amounts payable17/49 | €128,324 | €109,455 | €88,402 | €58,574 | €44,186 | ▼ 24.6% |
| Amounts payable after more than one year17 | €73,193 | €58,029 | €50,000 | €29,500 | €25,500 | ▼ 13.6% |
| Financial debts170/4 | €73,193 | €58,029 | €50,000 | €29,500 | €25,500 | ▼ 13.6% |
| Amounts payable within one year42/48 | €55,131 | €51,426 | €38,402 | €29,074 | €18,672 | ▼ 35.8% |
| Current portion of amounts payable after more than one year42 | €14,048 | €15,165 | €8,029 | - | - | - |
| Financial debts43 | €6,899 | €5,260 | €6,970 | €3,029 | €3,108 | ▲ 2.6% |
| Credit institutions430/8 | €6,899 | €5,260 | €6,970 | €3,029 | €3,108 | ▲ 2.6% |
| Trade debts44 | €22,606 | €14,906 | €18,405 | €22,674 | €12,409 | ▼ 45.3% |
| Suppliers440/4 | €22,606 | €14,906 | €18,405 | €22,674 | €12,409 | ▼ 45.3% |
| Taxes, remuneration and social security45 | €1,215 | €1,215 | €2,574 | €2,411 | €2,400 | ▼ 0.5% |
| Taxes450/3 | €1,215 | €1,215 | €1,161 | €2,411 | €2,400 | ▼ 0.5% |
| Remuneration and social security454/9 | - | - | €1,413 | - | - | - |
| Other amounts payable47/48 | €10,362 | €14,881 | €2,425 | €960 | €755 | ▼ 21.3% |
| Accrued charges and deferred income492/3 | - | - | - | - | €14 | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €738 | €12,485 | €10,326 | €39,643 | €3,578 | ▼ 91.0% |
| + Depreciation and write-downs630 | €18,068 | €11,368 | €11,314 | €1,943 | €2,749 | ▲ 41.5% |
| Operating cash flow (approximation) | €18,805 | €23,853 | €21,640 | €41,586 | €6,327 | ▼ 84.8% |
| Investment in fixed assets (approximation) | - | €1,675 | - | - | €0 | - |
| Change in cash | - | €295 | €1,282 | -€220 | €1,716 | ▲ 879% |
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
Next filing, fiscal year 2026, expected by
2026
07-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 7 days late
2025
04-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Highest result since 2018net €39,643 ▲284%
Operating result €40,947, net result €39,643, both a record.
17-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
02-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
29-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Back to profitnet €738
Net result €738 after 2 loss-making years.
27-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 27 days late
2020
31-12
Financial
Weakest financial yearnet -€20,247
Net result drops to -€20,247, the lowest in the series; recovery starts the following year.
02-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
28-05
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
24-05
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
01-06
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
4 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, Dison · 1 establishment unit since 2012
Ground area
1,069 m²
Building footprint
130 m²
Volume, LiDAR
805 m³
Parcel 63020A0325/00B003, Wallonia · tallest building 8.2 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
TERRATREC
since 20122.208.692.473
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 63020A0325/00B003 | Wallonia | 1,069 m² | 1 · 130 m² | 8.2 m · 2 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.
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This company's figures show no positive equity and no headcount, so a size comparison is not possible. These companies share only the sector and the region. Of 8,464 companies in sector 43120 we hold annual accounts for 3,234. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded17-04-2012
Fiscal year end31-12
Activities, NACEBEL 2025
43120Site preparation
43422Screed work
81300Landscape service activities
E-invoicing
Reachable via Peppol
Peppol ID
0208:0845306993
Also
9925:BE0845306993
Registered
28-08-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.