Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
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Negative equity NBB
More debt than assets in 4 of the last 4 fiscal years.
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Tight liquidity NBB
Cash and receivables cover 2 % of short-term debt in 2025; threshold 65 %.
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Not on Peppol Peppol
Not registered in the Peppol network, mandatory for VAT-liable companies since 1 January 2026.
Financials
Financial year 2025
TERRA INCOGNITA PROJECTS from Oudergem, company number BE0553470320, closed financial year 2025 with a result of € 6,631 after tax. For that financial year TERRA INCOGNITA PROJECTS recorded a gross margin of € 58,909 and equity of € -105,706. Compared with financial year 2024, the result moved from € -11,986 to € 6,631. Profitable, and profit is growing. More debts than assets. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on February 27, 2026.
€ -105,706
▲ € 6,631 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 6,631
▲ still € 11,986 loss in 2024
Profit after tax over the fiscal year.
€ 3,687
▲ € 3,687 vs 2024
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2025. Retained profit grew to € -234,018.
People and assets in 2025
≈ 1
No payroll staff. One director, so that person most likely runs the business.
€ 481
▼ 26% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 336,521
▼ 8% vs 2024
€ 32,034 is repaid this year. At this pace the long-term loan is gone in ≈ 11 years.
€ 3,815
▲ 53% vs 2024
Supplier invoices still open on the last day of the fiscal year.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 46,089 | € 52,602 | € 43,112 | € 58,909 | ▲ 37% |
| Profit after taxes | € -25,864 | € -2,942 | € -11,986 | € 6,631 | ▲ € 18,617 |
| Equity | € -97,409 | € -100,351 | € -112,337 | € -105,706 | ▲ € 6,631 |
| Total debts | € 559,774 | € 526,520 | € 495,066 | € 454,959 | ▼ 8% |
| Cash | € 852 | € 3,948 | € 0 | € 3,687 | ▲ € 3,687 |
| Land & buildings | € 455,753 | € 418,294 | € 380,835 | € 343,376 | ▼ 10% |
| Retained profit | € -225,721 | € -228,663 | € -240,649 | € -234,018 | ▲ € 6,631 |
| Bank debt | € 427,040 | € 397,770 | € 367,606 | € 336,521 | ▼ 8% |
| Balance sheet total | € 462,365 | € 426,169 | € 382,729 | € 349,253 | ▼ 9% |
Key figures of TERRA INCOGNITA PROJECTS, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 3 March 2027.
What happened to TERRA INCOGNITA PROJECTS?
What happened at TERRA INCOGNITA PROJECTS in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 6,631. Source: NBB ↗
- New establishment in Oudergem. KBO
- Start of the company according to the CBE. KBO
- Vincent Ryckmans became a director. NBB
In short
From € 25,864 loss in 2022 to € 6,631 profit in 2025.
Best year ever: 2025, with € 6,631 profit.
Management
Behind TERRA INCOGNITA PROJECTS is Vincent Ryckmans. Vincent Ryckmans is also behind V.V.Ryckmans - Medical.
Directors
According to the 2025 annual accounts
since 2014
Establishments
Establishment units
Physical locations of this company
Paul Verheyleweghenlaan 1
1160 Oudergem
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 3 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
- 0553.470.320
- VAT number
- BE 0553.470.320
- Registered office
- Paul Verheyleweghenlaan 1, 1160 Oudergem
- Names & denominations
- TERRA INCOGNITA PROJECTS
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 4 June 2014
- Peppol
- Not registered