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 3 of the last 4 fiscal years.
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Two loss years in a row NBB
Negative result in 2025 and 2026.
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Tight liquidity NBB
Cash and receivables cover 39 % of short-term debt in 2026; threshold 65 %.
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Busy address KBO
91 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2026
Terra Firma Associates from Elsene, company number BE0713737579, closed financial year 2026 with a result of € -41,610 after tax. For that financial year Terra Firma Associates recorded a gross margin of € -36,222 and equity of € -85,106. Compared with financial year 2025, the result moved from € -12,295 to € -41,610. 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 October 28, 2026.
€ -85,106
▼ € 41,610 vs 2025
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -41,610
▼ 238 % more loss than in 2025
Profit after tax over the fiscal year.
€ 5,146
▼ 73% vs 2025
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -103,706.
People and assets in 2026
≈ 1
No payroll staff. One director, so that person most likely runs the business.
€ 330
▼ 82% vs 2025
Book value of vehicles, furniture and equipment.
Debts at end 2026
None
No bank loans on the last day of the fiscal year.
€ 182,128
▲ 48% vs 2025
Supplier invoices still open on the last day of the fiscal year.
| 2023 | 2024 | 2025 | 2026 | Change 2025 → 2026 | |
|---|---|---|---|---|---|
| Gross margin | € 2,875 | € -46,036 | € -1,469 | € -36,222 | ▼ € 34,753 |
| Profit after taxes | € -1,197 | € -53,585 | € -12,295 | € -41,610 | ▼ € 29,315 |
| Equity | € 22,385 | € -31,201 | € -43,496 | € -85,106 | ▼ € 41,610 |
| Total debts | € 141,455 | € 191,514 | € 131,867 | € 202,923 | ▲ 54% |
| Cash | € 21,242 | € 10,032 | € 18,866 | € 5,146 | ▼ 73% |
| Retained profit | € 3,785 | € -49,801 | € -62,096 | € -103,706 | ▼ € 41,610 |
| Dividend | € 7,500 | € 0 | € 0 | € 0 | |
| Balance sheet total | € 163,839 | € 160,313 | € 88,371 | € 117,817 | ▲ 33% |
Key figures of Terra Firma Associates, fiscal years 2023 to 2026, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2027) expected before 31 October 2027.
What happened to Terra Firma Associates?
What happened at Terra Firma Associates in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2026: loss of € 41,610. Source: NBB ↗
- Fernando Benavides Asencio became a director. NBB
- New establishment in Ukkel. KBO
- Start of the company according to the CBE. KBO
In short
From € 1,197 loss in 2023 to € 41,610 loss in 2026.
Paid € 1,009 in corporate taxes since 2023.
Paid out € 7,500 in dividends to the owners in total.
Management
Behind Terra Firma Associates is Fernando Benavides Asencio.
Directors
According to the 2026 annual accounts
Fernando Benavides Asencio
Manager
since 2022
Establishments
Establishment units
Physical locations of this company
Louizalaan 240 box 14
1050 Elsene
Messidorlaan 316
1180 Ukkel
Active since 30 November 2018
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 91 companies are registered at this address.
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+86 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
- 0713.737.579
- VAT number
- BE 0713.737.579
- Registered office
- Louizalaan 240 bus 14, 1050 Elsene
- Names & denominations
- Terra Firma Associates
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 21 November 2018
- Peppol
- Active · Active since 28 Nov 2024
- Activities · NACE
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