Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Two loss years in a row NBB
Negative result in 2022 and 2023.
-
Shrinking team NBB
FTE fell two years in a row, from 7 to 4.4.
-
Legal situation KBO
Opening faillissement according to the CBE.
Financials
Financial year 2023
TERRAGAME HOLDING from Jemeppe-sur-Sambre, company number BE0700541225, closed financial year 2023 with a result of € -414,850 after tax. For that financial year TERRAGAME HOLDING recorded a gross margin of € 61,655 and equity of € 1.5 million. Compared with financial year 2022, the result moved from € -896,573 to € -414,850. The company made a loss. The company holds a healthy buffer. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on July 23, 2024.
€ 1.5 million
▼ 22% vs 2022
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -414,850
▲ 54 % less loss than in 2022
Profit after tax over the fiscal year.
€ 8,208
▼ 94% vs 2022
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -2.2 million.
People and assets in 2023
4.4
▼ 1.6 vs 2022
Average over the fiscal year, from the social balance sheet.
€ 225,554
▼ 28% vs 2022
€ 51,300 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.
€ 189
▼ 50% vs 2022
Book value of vehicles, furniture and equipment.
Debts at end 2023
€ 99,263
€ 23,303 is repaid this year. At this pace the long-term loan is gone in ≈ 4 years.
€ 79,769
▲ € 66,527 vs 2022
Supplier invoices still open on the last day of the fiscal year.
€ 78,199
▲ 49% vs 2022
Taxes, VAT and social contributions still to pay.
| 2021 | 2022 | 2023 | Change 2022 → 2023 | |
|---|---|---|---|---|
| Gross margin | € 14,851 | € 198,361 | € 61,655 | ▼ 69% |
| Profit after taxes | € -359,220 | € -896,573 | € -414,850 | ▲ € 481,723 |
| Equity | € 2,778,357 | € 1,881,783 | € 1,466,933 | ▼ 22% |
| Total debts | € 72,168 | € 65,768 | € 257,380 | ▲ 291% |
| Cash | € 77,736 | € 141,227 | € 8,208 | ▼ 94% |
| Retained profit | € -856,645 | € -1,753,219 | € -2,168,069 | ▼ € 414,850 |
| Bank debt | € 0 | € 0 | € 99,263 | |
| Balance sheet total | € 2,850,525 | € 1,947,552 | € 1,724,314 | ▼ 11% |
| Employees (FTE) | 7 | 6 | 4.4 | ▼ 1.6 |
Key figures of TERRAGAME HOLDING, fiscal years 2021 to 2023, from the annual accounts filed with the National Bank of Belgium.The annual account for fiscal year 2024 has not been filed yet; it was expected before 31 July 2025.
What happened to TERRAGAME HOLDING?
What happened at TERRAGAME HOLDING in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
TERRAGAME HOLDING is active according to the CBE. Legal situation: Opening faillissement.
- PIERRE-EDOUARD STERIN stepped down as director. NBB
- WALLIMAGE SA stepped down as director. NBB
- ISMAEL BHIRI stepped down as director. NBB
- SOPHIAN BHIRI stepped down as director. NBB
- New annual accounts for financial year 2023: loss of € 414,850. Source: NBB ↗
- PIERRE-EDOUARD STERIN became a director. NBB
- WALLIMAGE SA became a director. NBB
- ISMAEL BHIRI became a director. NBB
In short
From € 359,220 loss in 2021 to € 414,850 loss in 2023.
Paid € 6,910 in corporate taxes since 2021.
On average € 14,000 of value added per employee in 2023.
Management
The stake of B.A.D. 21, SOCARIS comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
TERRAGAME HOLDINGThe shares are held by B.A.D. 21 (19.9%) and SOCARIS (5.8%). It owns 67% of TERRAGAME WATERLOO and TERRAGAME itself.
Directors
According to the 2023 annual accounts
PIERRE-EDOUARD STERIN
Director
Also active at: Otium Venture, Otium Consumer, Otium Health, Odyssée Holding, Otium Leisure, Otium Immobilier, Otium Industrie, OTIUM FINANCING +4 more
since 2020 · until 2026
Director · represented by Vincent WATTIEZ
Also active at: NEUROMEDIA SOFTWARE, "SWARMS ENTERTAINMENT", FISHING CACTUS
since 2020 · until 2026
ISMAEL BHIRI
Director
since 2020 · until 2026
SOPHIAN BHIRI
Director
since 2020 · until 2026
Participations
Establishments
Establishment units
Physical locations of this company
Route de Saussin,Spy 45
5190 Jemeppe-sur-Sambre
Rue de Tillier, March. 21
5380 Fernelmont
Active since 31 July 2018
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 5 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
- 0700.541.225
- VAT number
- BE 0700.541.225
- Registered office
- Route de Saussin,Spy 45, 5190 Jemeppe-sur-Sambre
- Names & denominations
- TERRAGAME HOLDING
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Opening faillissement
- Start date
- 31 July 2018
- Peppol
- Not registered