TERRE D’HERBAGE
The computed 12-month bankruptcy probability of TERRE D’HERBAGE is 0.3% (very low). The 2025 annual accounts show equity of €55k and a net result of €-25k. Equity remains stable across the filed fiscal years (±0.4% per year). Its solvency ranks better than 62% of 843 sector peers (fiscal year 2025). The company has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals.
| Equity | €55k |
| Net result | €-25k |
| Better than sector | 62% |
| Active | 8 yrs |
Mixed profile: strong on stability, weaker on profitability.
Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?
Unlock the full score breakdown, per-year score history and the indicative credit limit with Plus.
See plans →How do we compute this?
The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.
The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.
A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 49.2% | 35.1% | |
| Net result | €-25k | €10k | |
| Equity | €55k | €40k | |
| Gross operating margin | €77k | €31k | |
| Staff costs | €99k | €33k |
| Fiscal year | 2025 |
|---|---|
| Revenue | €215k |
| EBITDA | €-23k |
| Net profit | €-25k |
| Cash flow | €-23k |
| Staff costs | €99k |
| Income taxes | - |
| Dividends | - |
| Total assets | €112k |
| Equity | €55k |
| Debt | €57k |
| of which ≤ 1y | €57k |
| of which > 1y | - |
| Working capital | €35k |
| Employees (FTE) | - |
| 2025 | |
|---|---|
| Current ratio | 1.62 |
| Quick ratio | 1.62 |
| Working capital ratio | 31.4% |
| Solvency | 49.2% |
| Debt / equity | 1.03 |
| Long-term debt ratio | - |
| Interest coverage | -429.79 |
| Gross margin | 33.9% |
| Net margin | -11.5% |
| ROA | -22.1% |
| ROE | -44.9% |
| EBITDA margin | -10.9% |
| Days sales outstanding | 123d |
| Days payable outstanding | 89d |
| Inventory turnover | - |
| Days inventory (DSI) | - |
| Line item | Code | 2025 |
|---|---|---|
| Balance sheet, Assets | ||
| TOTAL ASSETS | 20/58 | €112k |
| Fixed assets | 21/28 | €20k |
| Tangible fixed assets | 22/27 | €2k |
| Financial fixed assets | 28 | €18k |
| Current assets | 29/58 | €92k |
| Amounts receivable within one year | 40/41 | €72k |
| Cash & bank | 54/58 | €15k |
| Balance sheet, Equity & liabilities | ||
| TOTAL EQUITY & LIABILITIES | 10/49 | €112k |
| Equity | 10/15 | €55k |
| Contributions / capital | 10/11 | €123k |
| Accumulated profits (losses) | 14 | €-70k |
| Amounts payable | 17/49 | €57k |
| Amounts payable within one year | 42/48 | €57k |
| Trade debts payable within one year | 44 | €34k |
| Income statement | ||
| Turnover | 70 | €215k |
| Gross operating margin | 9900 | €77k |
| Operating result | 9901 | €-25k |
| Financial income | 75 | €77 |
| Financial charges | 65 | €54 |
| Result before taxes | 9903 | €-25k |
| Net result for the period | 9904 | €-25k |
| Result to be appropriated | 9905 | €-25k |
-
ASBL Région de Verviers - Conférence d'arrondissement des Bourgmestres et du Collège provincialLegal entityDirector· perm. rep.: Marc DrouguetState Gazette act 25156833 (11-12-2025)Current11-12-2025 → present
-
ASBL Groupe d'Action Locale Pays de HerveLegal entityDirector· perm. rep.: Austen JosephState Gazette act 25084468 (07-07-2025)Current23-05-2025 → present
2 events
- 23-05-2025 Resigned· Director
- 23-05-2025 Appointed· Director
-
Asbl RATAVLegal entityDirector· perm. rep.: Renaud KeutgenState Gazette act 23087441 (10-07-2023)Current10-07-2023 → present
-
ASBL GAL PAYS DE HERVELegal entityDirector· perm. rep.: Schreurs GastonState Gazette act 22105791 (05-09-2022)Current05-09-2022 → present
2 events
- 05-09-2022 Resigned· Director
- 05-09-2022 Appointed· Director
-
ASBL PAYS DE HERVE FUTURLegal entityDirector· perm. rep.: Laviolette VincentState Gazette act 22105791 (05-09-2022)Current05-09-2022 → present
2 events
- 05-09-2022 Resigned· Director
- 05-09-2022 Appointed· Director
-
GROUPE D ACTION LOCALE PAYS DE HERVELegal entityDirector· perm. rep.: SCHREURS GastonState Gazette act 20339473 (28-08-2020)Current28-08-2020 → present
-
Current28-08-2020 → present
-
REGION DE VERVIERS - CONFERENCE D'ARRONDISSEMENT DES BOURGMESTRES ET DU COLLEGE PROVINCIAL DE LIEGELegal entityDirector· perm. rep.: WERA TanguyState Gazette act 20339473 (28-08-2020)Current28-08-2020 → present
-
Current28-08-2020 → present
-
Current26-08-2020 → present
2 events
- 28-08-2020 Appointed· Director
- 26-08-2020 Appointed· Managing director
Former directors (6)
-
Conférence d'arrondissement des Bourgmestres et du Collège provincial de LiègeLegal entityDirector· perm. rep.: Wera TanguyState Gazette act 25084468 (07-07-2025)Former- → 23-05-2025
-
Former- → 28-08-2020
-
Former- → 28-08-2020
-
Former17-08-2018 → 28-08-2020
3 events
- 28-08-2020 Resigned· Director
- 21-02-2020 Resigned· Daily management
- 17-08-2018 Appointed· Managing director
-
Former- → 28-08-2020
-
Former21-02-2020 → 17-08-2020
2 events
- 17-08-2020 Resigned· Daily management
- 21-02-2020 Appointed· Daily management
| NACE primary | Wholesale trade(46311) |
| Legal form | Cooperative company(706) |
| Incorporation | 23-05-2018 |
| Status | Active |
| Postal code | 4831 |
Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 62809B0341/00Z015 | Wallonia | 3,346 m² | 1 · 997 m² | 7.4 m · 2 fl. |
| 63009B0226/00H000 | Wallonia | 387 m² | 1 · 304 m² | 9.9 m · 2 fl. |
A single timeline of everything that happened to this company, publications, insolvency and lifecycle events, administrative changes and filed annual accounts.
11-12-2025 Marc Drouguet appointed as director
- Marc Drouguet, Bestuurder
Technical details
{
"events": [
{
"kind": "director_in",
"role": "bestuurder",
"person": {
"rrn": null,
"name": "Marc Drouguet",
"address": null,
"birth_date": null
},
"via_org": {
"kbo": null,
"name": "ASBL R\u00E9gion de Verviers - Conf\u00E9rence d\u0027arrondissement des Bourgmestres et du Coll\u00E8ge provincial",
"address": null,
"country": null,
"legal_form": null
},
"evidence_quote": "Suite \u00E0 l\u0027assembl\u00E9e g\u00E9n\u00E9rale du 23 mai 2025 de Terre d\u0027Herbage, I\u0027ASBL R\u00E9gion de Verviers, r\u00E9unie en Conseil d\u0027Administration le lundi 20 octobre 2025 \u00E0 nommer le candidat suivant au Conseil d\u0027administration de Terre d\u0027Herbage. -pour repr\u00E9senter l\u0027ASBL R\u00E9gion de Verviers - Conf\u00E9rence d\u0027arrondissemen"
}
],
"schema": "v3.2",
"act_meta": {
"model_id": 36,
"extractor": "constrained-core-35b"
},
"subject_company": {
"kbo": "0696.721.801",
"name_full": "TERRE D\u0027HERBAGE",
"legal_form": "SC"
}
}07-07-2025 2 directors appointed, 2 resigning
- Ernens Marjorie, Bestuurder
- Wera Tanguy, Bestuurder
- Austen Joseph, Bestuurder
- Wera Tanguy, Bestuurder
Technical details
{
"events": [
{
"kind": "director_out",
"role": "bestuurder",
"person": {
"rrn": null,
"name": "Austen Joseph",
"address": null,
"birth_date": null
},
"via_org": {
"kbo": null,
"name": "ASBL Groupe d\u0027Action Locale Pays de Herve",
"address": null,
"country": null,
"legal_form": null
},
"effective_date": "2025-05-23",
"evidence_quote": "pour repr\u00E9senter l\u0027ASBL Groupe d\u0027Action Locale Pays de Herve, d\u00E9mission de Austen Joseph"
},
{
"kind": "director_in",
"role": "bestuurder",
"person": {
"rrn": null,
"name": "Ernens Marjorie",
"address": null,
"birth_date": null
},
"via_org": {
"kbo": null,
"name": "ASBL Groupe d\u0027Action Locale Pays de Herve",
"address": null,
"country": null,
"legal_form": null
},
"effective_date": "2025-05-23",
"evidence_quote": "nomination sous r\u00E9serve d\u0027acceptation de Ernens Marjorie (nomination accept\u00E9e lors de l\u0027OA du GAL le 18/06/2025)"
},
{
"kind": "director_out",
"role": "bestuurder",
"person": {
"rrn": null,
"name": "Wera Tanguy",
"address": null,
"birth_date": null
},
"via_org": {
"kbo": null,
"name": "Conf\u00E9rence d\u0027arrondissement des Bourgmestres et du Coll\u00E8ge provincial de Li\u00E8ge",
"address": null,
"country": null,
"legal_form": null
},
"effective_date": "2025-05-23",
"evidence_quote": "pour repr\u00E9senter la Conf\u00E9rence d\u0027arrondissement des Bourgmestres et du Coll\u00E8ge provincial de Li\u00E8ge, d\u00E9mission de Wera Tanguy"
},
{
"kind": "director_in",
"role": "bestuurder",
"person": {
"rrn": null,
"name": "Wera Tanguy",
"address": null,
"birth_date": null
},
"via_org": {
"kbo": "0696721801",
"name": "Terre d\u0027Herbage",
"address": null,
"country": null,
"legal_form": null
},
"effective_date": "2025-05-23",
"evidence_quote": "nomination d\u0027un nouvel administrateur Wera Tanguy"
}
],
"schema": "v3.2",
"act_meta": {
"model_id": 36,
"extractor": "constrained-core-35b"
},
"subject_company": {
"kbo": "0696.721.801",
"name_full": "TERRE D\u0027HERBAGE",
"legal_form": "SC"
}
}10-07-2023 1 director appointed, 1 resigning
- Renaud Keutgen, Bestuurder
- Benoît Delhez, Dagelijks bestuur
Technical details
{
"events": [
{
"kind": "director_out",
"role": "dagelijks_bestuur",
"person": {
"rrn": null,
"name": "Beno\u00EEt Delhez",
"address": null,
"birth_date": null
},
"effective_date": "2020-08-17",
"evidence_quote": "L\u0027AG valide la modification \u00E0 apporter au Moniteur Belge concernant Beno\u00EEt Delhez (retrait du poste d\u0027administrateur d\u00E9l\u00E9gu\u00E9 depuis le 17/08/2020)."
},
{
"kind": "director_in",
"role": "bestuurder",
"person": {
"rrn": null,
"name": "Renaud Keutgen",
"address": null,
"birth_date": null
},
"via_org": {
"kbo": null,
"name": "Asbl RATAV",
"address": null,
"country": null,
"legal_form": null
},
"evidence_quote": "L\u0027AG valide que Renaud Keutgen repr\u00E9sente l\u0027Asbl RATAV (suite \u00E0 la fusion de Pays Herve Futur Asbl et Gal Pays de Herve Asbl)."
}
],
"schema": "v3.2",
"act_meta": {
"model_id": 36,
"extractor": "constrained-core-35b"
},
"subject_company": {
"kbo": "0696.721.801",
"name_full": "TERRE D\u0027HERBAGE",
"legal_form": "SC"
}
}05-09-2022 2 directors appointed, 2 resigning
- Austen Joseph, Bestuurder
- Keutgen Renaud, Bestuurder
- Schreurs Gaston, Bestuurder
- Laviolette Vincent, Bestuurder
Technical details
{
"events": [
{
"kind": "director_out",
"role": "bestuurder",
"person": {
"rrn": null,
"name": "Schreurs Gaston",
"address": null,
"birth_date": null
},
"via_org": {
"kbo": null,
"name": "ASBL GAL PAYS DE HERVE",
"address": null,
"country": null,
"legal_form": null
},
"evidence_quote": "pour repr\u00E9senter l\u0027ASBL GAL PAYS DE HERVE, d\u00E9mission de Schreurs Gaston"
},
{
"kind": "director_in",
"role": "bestuurder",
"person": {
"rrn": null,
"name": "Austen Joseph",
"address": null,
"birth_date": null
},
"via_org": {
"kbo": null,
"name": "ASBL GAL PAYS DE HERVE",
"address": null,
"country": null,
"legal_form": null
},
"evidence_quote": "pour repr\u00E9senter l\u0027ASBL GAL PAYS DE HERVE, ... admission de Austen Joseph"
},
{
"kind": "director_out",
"role": "bestuurder",
"person": {
"rrn": null,
"name": "Laviolette Vincent",
"address": null,
"birth_date": null
},
"via_org": {
"kbo": null,
"name": "ASBL PAYS DE HERVE FUTUR",
"address": null,
"country": null,
"legal_form": null
},
"evidence_quote": "pour repr\u00E9senter l\u0027ASBL PAYS DE HERVE FUTUR, d\u00E9mission de Laviolette Vincent"
},
{
"kind": "director_in",
"role": "bestuurder",
"person": {
"rrn": null,
"name": "Keutgen Renaud",
"address": null,
"birth_date": null
},
"via_org": {
"kbo": null,
"name": "ASBL PAYS DE HERVE FUTUR",
"address": null,
"country": null,
"legal_form": null
},
"evidence_quote": "pour repr\u00E9senter l\u0027ASBL PAYS DE HERVE FUTUR, ... admission de Keutgen Renaud"
}
],
"schema": "v3.2",
"act_meta": {
"model_id": 36,
"extractor": "constrained-core-35b"
},
"subject_company": {
"kbo": "0696.721.801",
"name_full": "TERRE D\u0027HERBAGE",
"legal_form": "SC"
}
}28-08-2020 Articles of association amended
Technical details
{
"schema": "v3.2",
"act_meta": {
"model_id": 36,
"extractor": "constrained-core-35b"
},
"statute_change": {
"name_change": false,
"seat_change": true,
"object_change": false,
"effective_date": "2020-08-26",
"legal_form_change": true
},
"bedrijfsrevisor": null,
"subject_company": {
"kbo": "0696.721.801",
"name_full": "TERRE D\u0027HERBAGE",
"legal_form": "SPRL"
},
"signature_regime": "joint_two",
"special_mandates": [],
"governance_change": {
"admin_delegated_added": [
{
"name": "Monsieur Alain BASTIN",
"quote": "Monsieur Alain BASTIN est en outre d\u00E9sign\u00E9 administrateur-d\u00E9l\u00E9gu\u00E9.",
"excluded_powers": null
}
]
}
}21-02-2020 1 director appointed, 1 resigning
- Benoit Delhez, Dagelijks bestuur
- Johanna Thouet, Dagelijks bestuur
Technical details
{
"events": [
{
"kind": "director_out",
"role": "dagelijks_bestuur",
"person": {
"rrn": null,
"name": "Johanna Thouet",
"address": null,
"birth_date": null
},
"evidence_quote": "Le conseil d\u0027administration acte \u00E0 l\u0027unanimit\u00E9 la d\u00E9mission de Johanna Thouet de son mandat de d\u00E9l\u00E9gu\u00E9e \u00E0 la gestion journall\u00E8re."
},
{
"kind": "director_in",
"role": "dagelijks_bestuur",
"person": {
"rrn": null,
"name": "Benoit Delhez",
"address": null,
"birth_date": null
},
"evidence_quote": "Le conseil d\u0027administration vote \u00E0 l\u0027unanimit\u00E9 des membres pr\u00E9sents l\u0027attribution du mandat de d\u00E9l\u00E9gu\u00E9 \u00E0 la gestion journali\u00E8re \u00E0 Benoit Delhez"
}
],
"schema": "v3.2",
"act_meta": {
"model_id": 36,
"extractor": "constrained-core-35b"
},
"subject_company": {
"kbo": "0696.721.801",
"name_full": "TERRE D\u0027HERBAGE",
"legal_form": "SPRL"
}
}22-08-2018 Articles of association amended
Technical details
{
"schema": "v3.2",
"act_meta": {
"model_id": 36,
"extractor": "constrained-core-35b"
},
"statute_change": {
"name_change": false,
"seat_change": false,
"object_change": true,
"effective_date": "2018-08-17",
"legal_form_change": false
},
"bedrijfsrevisor": null,
"subject_company": {
"kbo": "0696.721.801",
"name_full": "TERRE D\u0027HERBAGE",
"legal_form": "SPRL"
},
"signature_regime": null,
"special_mandates": [],
"governance_change": {
"admin_delegated_added": [
{
"name": "Johanna THOUET",
"quote": "Le conseil d\u2019administration a nomm\u00E9 en date du 16 ao\u00FBt 2018, Madame Johanna THOUET au poste d\u2019administrateur d\u00E9l\u00E9gu\u00E9 \u00E0 la gestion journali\u00E8re.",
"excluded_powers": null
}
]
}
}25-05-2018 Incorporation of a new Comm.VA
Technical details
{
"kind": "oprichting",
"seat": "Verviers",
"schema": "v3.2",
"act_meta": {
"model_id": 36,
"extractor": "constrained-core-35b"
},
"founders": [],
"capital_eur": null,
"subject_company": {
"kbo": "0696.721.801",
"name_full": null,
"legal_form": "Comm.VA"
},
"initial_directors": [],
"incorporation_date": null,
"post_incorporation_mandates": []
}Generate a structured, factual brief from every signal in this dossier: risk, financial health, ownership, mandates and sector comparison.
| Legal nameFR | TERRE D’HERBAGE |