Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Negative equity NBB
More debt than assets in 4 of the last 4 fiscal years.
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Two loss years in a row NBB
Negative result in 2024 and 2025.
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Tight liquidity NBB
Cash and receivables cover 6 % of short-term debt in 2025; threshold 65 %.
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Busy address KBO
30 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2025
TERHAS from Hasselt, company number BE0701728880, closed financial year 2025 with a result of € -2,283 after tax. For that financial year TERHAS recorded a gross margin of € -448 and equity of € -60,537. Compared with financial year 2024, the result moved from € -8,254 to € -2,283. The company made a loss. 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 June 27, 2026.
€ -60,537
▼ € 2,283 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -2,283
▲ 72 % less loss than in 2024
Profit after tax over the fiscal year.
Loss, nothing to pay out
Reserves fell to € -80,537.
Debts at end 2025
€ 1.4 million
▲ 63% vs 2024
Loans from banks and other lenders, long and short.
€ 22,508
Supplier invoices still open on the last day of the fiscal year.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € -7,881 | € -227 | € -480 | € -448 | ▲ € 32 |
| Profit after taxes | € -21,827 | € -8,179 | € -8,254 | € -2,283 | ▲ € 5,971 |
| Equity | € -41,821 | € -50,000 | € -58,254 | € -60,537 | ▼ € 2,283 |
| Total debts | € 1,093,432 | € 1,231,677 | € 1,390,840 | € 1,665,914 | ▲ 20% |
| Cash | € 257 | € 236 | € 11 | - | |
| Retained profit | € -61,821 | € -70,000 | € -78,254 | € -80,537 | ▼ € 2,283 |
| Bank debt | € 870,000 | € 870,000 | € 870,000 | € 1,418,288 | ▲ 63% |
| Balance sheet total | € 1,051,611 | € 1,181,677 | € 1,332,586 | € 1,605,377 | ▲ 20% |
Key figures of TERHAS, 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 TERHAS?
What happened at TERHAS in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 2,283. Source: NBB ↗
- S.I.M.C. nv became a director. NBB
- I&P CONSULTING bv became a director. NBB
- SOM BEHEERSMAATSCHAPPIJ BV became a director. NBB
- New establishment in Hasselt. KBO
- Start of the company according to the CBE. KBO
In short
From € 21,827 loss in 2022 to € 2,283 loss in 2025.
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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 TERHAS are S.I.M.C. nv, SOM BEHEERSMAATSCHAPPIJ BV and I&P CONSULTING bv. The shares are held by SOM BEHEERSMAATSCHAPPIJ bv (50%), Eric Martens (12.5%), Rudi Gilen (12.5%), VR METIS HOLDING bv (12.5%) and Luc Box (12.5%).
Directors
According to the 2025 annual accounts
Director · represented by Patrick SYEN
Also active at: WHY NOT, B & S Beheer, SOM BEHEERSMAATSCHAPPIJ, VESPRO GRONDMAATSCHAPPIJ, VESPRO CONSTRUCT, Nieuwbouwwereld, PRO PLAZA INVEST, VASTGOED3 +17 more
since 2024
Director · represented by Danny SOMERS
Also active at: WHY NOT, SOMINVEST, B & S Beheer, HERITAGE, BIEN BRUSSEL, IMMO BRUSSEL, VONDERPARK, Nieuwbouwwereld +29 more
since 2022
Director · represented by Patrick KERKHOFS
Also active at: WHY NOT, B & S Beheer, SOM BEHEERSMAATSCHAPPIJ, VESPRO GRONDMAATSCHAPPIJ, VESPRO CONSTRUCT, Nieuwbouwwereld, PRO PLAZA INVEST, VASTGOED3 +18 more
since 2024
Shareholders
Eric Martens
12.5%
Rudi Gilen
12.5%
12.5%
Luc Box
12.5%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Het Dorlik 16
3500 Hasselt
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 30 companies are registered at this address.
All companies at this address →WHY NOT same network
€ -32,291 gross margin · 2025
SOMINVEST same network
€ 383,351 gross margin · 2025
GEVACO
€ -314 gross margin · 2025
B & S Beheer same network
€ -1,322 gross margin · 2025
SOM FACILITIES
€ -1 million gross margin · 2024
+25 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
- 0701.728.880
- VAT number
- BE 0701.728.880
- Registered office
- Het Dorlik 16, 3500 Hasselt
- Names & denominations
- TERHAS
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 24 August 2018
- Peppol
- Active · Active since 9 Sept 2025
- Activities · NACE
Ontwikkeling van residentiële bouwprojecten
Activiteiten van bouwarchitecten
Bouwrijp maken van terreinen
Bouw van andere civieltechnische werken, neg