Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Tight liquidity NBB
Cash and receivables cover 3 % of short-term debt in 2024; threshold 65 %.
Financials
Financial year 2024
TERRA TILIAE from Havelange, company number BE0406902033, closed financial year 2024 with a result of € 894,445 after tax. For that financial year TERRA TILIAE recorded a gross margin of € 1.1 million and equity of € 579,221. Compared with financial year 2023, the result moved from € -545,723 to € 894,445. Profitable, and profit is growing. The buffer is growing. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on August 29, 2025.
€ 579,221
▲ € 894,445 vs 2023
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 894,445
▲ still € 545,723 loss in 2023
Profit after tax over the fiscal year.
€ 261,906
▲ 85% vs 2023
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2024. Retained profit grew to € -375,229.
People and assets in 2024
€ 34,552
Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 287,492
▼ 16% vs 2023
Book value of vehicles, furniture and equipment.
Debts at end 2024
€ 2 million
Loans from banks and other lenders, long and short.
€ 198,010
▲ € 164,897 vs 2023
Supplier invoices still open on the last day of the fiscal year.
€ 6,113
Taxes, VAT and social contributions still to pay.
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| 2021 | 2022 | 2023 | 2024 | Change 2023 → 2024 | |
|---|---|---|---|---|---|
| Gross margin | € -20,071 | € 38,963 | € -19,460 | € 1,082,626 | ▲ € 1.1 million |
| Profit after taxes | € -358,331 | € -383,092 | € -545,723 | € 894,445 | ▲ € 1.4 million |
| Equity | € 511,653 | € 230,500 | € -315,224 | € 579,221 | ▲ € 894,445 |
| Total debts | € 4,709,093 | € 6,080,906 | € 9,278,374 | € 13,137,384 | ▲ 42% |
| Cash | € 58,132 | € 42,672 | € 141,683 | € 261,906 | ▲ 85% |
| Land & buildings | € 4,969,910 | € 6,189,020 | € 8,684,333 | € 13,359,734 | ▲ 54% |
| Retained profit | € -442,797 | € -723,950 | € -1,269,674 | € -375,229 | ▲ € 894,445 |
| Bank debt | € 2,000,000 | € 2,000,000 | € 2,000,000 | € 2,000,000 | |
| Balance sheet total | € 5,606,163 | € 6,583,459 | € 9,223,779 | € 13,965,808 | ▲ 51% |
Key figures of TERRA TILIAE, fiscal years 2021 to 2024, from the annual accounts filed with the National Bank of Belgium.The annual account for fiscal year 2025 has not been filed yet; it was expected before 31 July 2026.
What happened to TERRA TILIAE?
What happened at TERRA TILIAE in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2024: profit of € 894,445. filed late Source: NBB ↗
- Axel van der Mersch became a director. NBB
- Christophe Drèze became a director. NBB
- Start of the company according to the CBE. KBO
- New establishment in Ciney. KBO
In short
From € 358,331 loss in 2021 to € 894,445 profit in 2024.
Best year ever: 2024, with € 894,445 profit.
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De Lijn 8 June 2026 New annual account 2025
filed on 8 June 2026
What was left
€ 20 k ▼ 91%
Money in the bank
€ 178 k ▼ 98%
Open the dossier →
NMBS 8 June 2026 New annual account 2025 What was left ▼ 80%
bpost 18 May 2026 New annual account 2025 What was left from loss to profit
Management
Behind TERRA TILIAE are Axel van der Mersch and Christophe Drèze. Christophe Drèze is also behind KARMA AGENCY and EU-Turn.
Directors
According to the 2024 annual accounts
Axel van der Mersch
Director
since 2018
since 2018
Establishments
Establishment units
Physical locations of this company
Route de la Cave romaine(J) 6
5370 Havelange
Rue du Vieux Conjoux(Conneux) 3
5590 Ciney
Active since 1 November 1969
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 1 companies are registered at this address.
All companies at this address →What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0406.902.033
- VAT number
- BE 0406.902.033
- Registered office
- Route de la Cave romaine(J) 6, 5370 Havelange
- Names & denominations
- TERRA TILIAE
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 26 November 1969
- Peppol
- Active · Active since 20 Dec 2025
- Activities · NACE
Landschapsverzorging