TERRA2 is a construction company in Kortemark. Public Limited, started on 6 December 1991, 4 establishments.

What is the address of TERRA2?

The registered office of TERRA2 is located at Den Triangel 2, 8610 Kortemark.

Is TERRA2 still active?

Yes. According to the CBE (29 October 2026) TERRA2 is active, legal situation “Normale toestand”, started on 6 December 1991.

Is TERRA2 registered on Peppol?

Yes, TERRA2 is registered on the Peppol network with ID 0208:0445949778.

What is the enterprise number of TERRA2?

The enterprise number of TERRA2 is BE0445949778.

When was TERRA2 founded?

TERRA2 was founded on 6 December 1991.

Who are the directors of TERRA2?

According to the 2025 annual accounts, the directors of TERRA2 are: De Beide Vlaanderen NV.

Is TERRA2 a reliable company?

Databakkes does not pass judgement; this is what the sources say: Active according to the CBE since 6 December 1991; 5 annual accounts filed, latest fiscal year 2025; 1 directors known from the annual account; 4 establishments in the CBE.

How much profit did TERRA2 make in 2025?

TERRA2 posted a profit after taxes of € 196,292 in financial year 2025.

What is the revenue of TERRA2?

In its most recent annual accounts (2025), TERRA2 reported revenue of € 11,388,956.

How much does an employee at TERRA2 earn?

The average wage cost per full-time employee at TERRA2 was € 67,600 in 2025: staff costs of € 195,914 for 2.9 FTE, according to the annual account at the National Bank. That is the employer's cost, not net pay.

How many employees does TERRA2 have?

According to the 2025 annual accounts, TERRA2 has 2.9 full-time equivalents (FTE).

TERRA2 (Public Limited) - Kortemark - BE0445949778

Dossier TERRA2, printed on 29 October 2026 from databakkes.be/en/0445949778/terra2. Sources: CBE, National Bank of Belgium, Belgian Official Gazette.

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 16 % of short-term debt in 2025; threshold 65 %.
Shrinking team NBB

FTE fell two years in a row, from 6.8 to 2.9.
Busy address KBO

10 other companies have their registered office at the same address; threshold 10.

Financials

Financial year 2025

TERRA2 from Kortemark, company number BE0445949778, closed financial year 2025 with a result of € 196,292 after tax. For that financial year TERRA2 recorded revenue of € 11.4 million and equity of € 44.1 million. Compared with financial year 2024, the result moved from € 28,947 to € 196,292. Profitable, and profit is growing. The buffer is growing. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on June 4, 2026.

What it is worth Growing

€ 44.1 million

Assets minus debts, by the books. What is left if everything were sold and paid today.

Profit Growing

€ 196,292

▲ € 167,345 vs 2024

Profit after tax over the fiscal year.

Cash in the bank

€ 192,771

▼ 64% vs 2024

Cash and bank balances on the last day of the fiscal year.

Where the profit goes Growing

Stays in the company

No dividend for 2025. Retained profit grew to € 43 million.

People and assets in 2025

Full-time equivalents

2.9

▼ 0.3 vs 2024

Average over the fiscal year, from the social balance sheet.

Wage cost Staff costs are payroll only. Director pay sits with services and miscellaneous goods: € 265,480 in 2025, together with rent, insurance, accountants and other services. The accounts do not split that further.

€ 195,914

▼ 11% vs 2024

€ 67,600 per full-time equivalent. Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.

Debts at end 2025

Bank debt ≈ 4 years to go The accounts give the long-term loan and the part due within the year. The remainder divided by that part is the number of years at an equal pace; a new loan or early repayment changes it.

€ 47.6 million

▼ 8% vs 2024

€ 4.1 million is repaid this year. At this pace the long-term loan is gone in ≈ 4 years.

Owed to suppliers

€ 159,960

▲ 47% vs 2024

Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 6 days on average.

Taxes and wages

€ 43,297

▼ 16% vs 2024

Taxes, VAT and social contributions still to pay.

Key figures per fiscal year Download key figures (CSV)
	2022	2023	2024	2025	Change 2024 → 2025
Revenue	€ 13,586,846 Revenue 2022: € 13,586,846 First fiscal year in the series	€ 8,986,970 Revenue 2023: € 8,986,970 ▼ 34% vs 2022 (€ 13,586,846) Unfavourable step	€ 10,683,642 Revenue 2024: € 10,683,642 ▲ 19% vs 2023 (€ 8,986,970) Favourable step	€ 11,388,956 Revenue 2025: € 11,388,956 ▲ 7% vs 2024 (€ 10,683,642) Favourable step	▲ 7%
Profit after taxes	€ 15,671,322 Profit after taxes 2022: € 15,671,322 First fiscal year in the series	€ 343,476 Profit after taxes 2023: € 343,476 ▼ 98% vs 2022 (€ 15,671,322) Unfavourable step	€ 28,947 Profit after taxes 2024: € 28,947 ▼ 92% vs 2023 (€ 343,476) Unfavourable step	€ 196,292 Profit after taxes 2025: € 196,292 ▲ € 167,345 vs 2024 (€ 28,947) Favourable step	▲ € 167,345
Equity	€ 43,492,783 Equity 2022: € 43,492,783 First fiscal year in the series	€ 43,836,259 Equity 2023: € 43,836,259 ▲ 1% vs 2022 (€ 43,492,783) Favourable step	€ 43,865,206 Equity 2024: € 43,865,206 Unchanged (€ 43,836,259) Favourable step	€ 44,061,498 Equity 2025: € 44,061,498 Unchanged (€ 43,865,206) Favourable step
Total debts	€ 29,315,969 Total debts 2022: € 29,315,969 First fiscal year in the series	€ 45,784,550 Total debts 2023: € 45,784,550 ▲ 56% vs 2022 (€ 29,315,969) Unfavourable step	€ 60,423,691 Total debts 2024: € 60,423,691 ▲ 32% vs 2023 (€ 45,784,550) Unfavourable step	€ 54,909,619 Total debts 2025: € 54,909,619 ▼ 9% vs 2024 (€ 60,423,691) Favourable step	▼ 9%
Cash	€ 305,170 Cash 2022: € 305,170 First fiscal year in the series	€ 888,135 Cash 2023: € 888,135 ▲ 191% vs 2022 (€ 305,170) Favourable step	€ 529,469 Cash 2024: € 529,469 ▼ 40% vs 2023 (€ 888,135) Unfavourable step	€ 192,771 Cash 2025: € 192,771 ▼ 64% vs 2024 (€ 529,469) Unfavourable step	▼ 64%
Land & buildings	€ 206,087 Land & buildings 2022: € 206,087 First fiscal year in the series	€ 178,664 Land & buildings 2023: € 178,664 ▼ 13% vs 2022 (€ 206,087) Unchanged	€ 151,241 Land & buildings 2024: € 151,241 ▼ 15% vs 2023 (€ 178,664) Unchanged	€ 118,634 Land & buildings 2025: € 118,634 ▼ 22% vs 2024 (€ 151,241) Unchanged	▼ 22%
Retained profit	€ 42,384,783 Retained profit 2022: € 42,384,783 First fiscal year in the series	€ 42,728,259 Retained profit 2023: € 42,728,259 ▲ 1% vs 2022 (€ 42,384,783) Favourable step	€ 42,757,206 Retained profit 2024: € 42,757,206 Unchanged (€ 42,728,259) Favourable step	€ 42,953,498 Retained profit 2025: € 42,953,498 Unchanged (€ 42,757,206) Favourable step
Bank debt	€ 24,217,288 Bank debt 2022: € 24,217,288 First fiscal year in the series	€ 33,762,463 Bank debt 2023: € 33,762,463 ▲ 39% vs 2022 (€ 24,217,288) Unfavourable step	€ 51,610,644 Bank debt 2024: € 51,610,644 ▲ 53% vs 2023 (€ 33,762,463) Unfavourable step	€ 47,633,876 Bank debt 2025: € 47,633,876 ▼ 8% vs 2024 (€ 51,610,644) Favourable step	▼ 8%
Balance sheet total	€ 72,809,949 Balance sheet total 2022: € 72,809,949 First fiscal year in the series	€ 89,621,630 Balance sheet total 2023: € 89,621,630 ▲ 23% vs 2022 (€ 72,809,949) Unchanged	€ 104,289,343 Balance sheet total 2024: € 104,289,343 ▲ 16% vs 2023 (€ 89,621,630) Unchanged	€ 98,971,188 Balance sheet total 2025: € 98,971,188 ▼ 5% vs 2024 (€ 104,289,343) Unchanged	▼ 5%
Employees (FTE)	6.4 Employees (FTE) 2022: 6.4 First fiscal year in the series	6.8 Employees (FTE) 2023: 6.8 ▲ 0.4 vs 2022 (6.4) Unchanged	3.2 Employees (FTE) 2024: 3.2 ▼ 3.6 vs 2023 (6.8) Unchanged	2.9 Employees (FTE) 2025: 2.9 ▼ 0.3 vs 2024 (3.2) Unchanged	▼ 0.3

Key figures of TERRA2, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 31 July 2027.

What happened to TERRA2?

What happened at TERRA2 in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:

Jun 4, 2026 New annual accounts for financial year 2025: profit of € 196,292 (▲ € 167,345 vs 2024). Source: NBB ↗
2021 De Beide Vlaanderen NV became a director. NBB
Jan 1, 2006 New establishment in Gent. KBO
Aug 9, 2001 New establishment in Kortemark. KBO
Jan 1, 2001 New establishment in Brugge. KBO
Jan 17, 1992 New establishment in Roeselare. KBO
Dec 6, 1991 Start of the company according to the CBE. KBO

In short

From € 15.7 million profit in 2022 to € 196,292 profit in 2025.

Paid € 798,114 in corporate taxes since 2022.

Best year ever: 2022, with € 15.7 million profit.

Pays suppliers within 6 days on average.

Original PDFs at the National Bank ↗

Management

De Beide Vlaanderen 100%

The stake of De Beide Vlaanderen comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.

TERRA2

Vlasmeers² 100%

Wolveld² 100%

Leffinge Land 50%

Behind TERRA2 is De Beide Vlaanderen NV. The shares are held by De Beide Vlaanderen (100%). It owns 100% of Vlasmeers², 100% of Wolveld² and 50% of Leffinge Land itself.

Directors

According to the 2025 annual accounts

De Beide Vlaanderen NV

Director · represented by Wim Verhaeghe

Also active at: WOLVELD², STATIEHUIS, VLASMEERS², HYBOMA, NIEUW LEFFINGE, LEFFINGE LAND

since 2021

Shareholders

De Beide Vlaanderen

100%

Participations

Vlasmeers²

100%

Wolveld²

100%

Leffinge Land

50%

Establishments

Establishment units

Physical locations of this company

Registered office

Den Triangel 2

8610 Kortemark

2.055.810.179

Vijfwegenstraat 61

8800 Roeselare

Active since 17 January 1992

2.172.636.979

Gustaaf Callierlaan 74 box 1

9000 Gent

Active since 1 January 2006

2.172.637.177

Leopold II-laan 24

8000 Brugge

Active since 1 January 2001

Who else lives here?

A building full of entrepreneurs or one very busy letterbox? Another 10 companies are registered at this address.

All companies at this address →

De Beide Vlaanderen same network

€ 4.6 million revenue · 2025

WOLVELD² same network

€ 0 revenue · 2025

KLARIBO

€ 75,048 gross margin · 2025

STATIEHUIS same network

€ 426,102 revenue · 2025

VLASMEERS² same network

€ -2,805 gross margin · 2025

+5 more

What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.

Details

Company number

0445.949.778

VAT number

BE 0445.949.778

Registered office

Den Triangel 2, 8610 Kortemark

Names & denominations

TERRA2

Enterprise type

Rechtspersoon

Legal form

Public limited company

Legal situation

Normale toestand

Start date

6 December 1991

Peppol

Active · Active since 6 Jun 2025

Activities · NACE

Algemene bouw van residentiële gebouwen

Ontwikkeling van residentiële bouwprojecten

Projectontwikkeling voor woningbouw

Bouwen van individuele huizen

View on CBE Public ↗ Annual accounts (NBB) ↗

TERRA2

Warning lights

Financials

What happened to TERRA2?

Management

Directors

Shareholders

Participations

Establishments

Establishment units

Who else lives here?

Details

Frequently asked questions