Financials
Financial year 2025
Terrain from Gent, company number BE0715658674, closed financial year 2025 with a result of € 100,611 after tax. For that financial year Terrain recorded a gross margin of € 188,813 and equity of € 215,482. Compared with financial year 2024, the result moved from € 80,141 to € 100,611. Profitable, and profit is growing. 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 27, 2026.
€ 215,482
▼ 23% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 100,611
▲ 26% vs 2024
Profit after tax over the fiscal year.
€ 110,184
▲ € 106,239 vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 170,000 paid out
More than the year’s profit went to the shareholders; reserves fell.
People and assets in 2025
1
▲ 0.9 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 53,355
▲ 299% vs 2024
€ 53,400 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.
€ 9,068
▲ 26% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 76,636
▲ 6% vs 2024
€ 30,776 is repaid this year. At this pace the long-term loan is gone in ≈ 2 years.
€ 3,617
▼ 74% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 24,066
▲ 12% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 92,489 | € 158,643 | € 130,091 | € 188,813 | ▲ 45% |
| Profit after taxes | € -30,410 | € 68,577 | € 80,141 | € 100,611 | ▲ 26% |
| Equity | € 129,953 | € 198,530 | € 278,671 | € 215,482 | ▼ 23% |
| Total debts | € 274,124 | € 82,000 | € 110,071 | € 104,755 | ▼ 5% |
| Cash | € 20,435 | € 7,974 | € 3,945 | € 110,184 | ▲ € 106,239 |
| Retained profit | € 117,553 | € 186,130 | € 266,271 | € 196,882 | ▼ 26% |
| Dividend | € 0 | € 0 | € 0 | € 170,000 | |
| Bank debt | € 68,228 | € 74,817 | € 72,287 | € 76,636 | ▲ 6% |
| Balance sheet total | € 404,077 | € 280,530 | € 388,742 | € 320,238 | ▼ 18% |
| Employees (FTE) | 2 | 2 | 0.1 | 1 | ▲ 0.9 |
Key figures of Terrain, 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 Terrain?
What happened at Terrain in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 100,611 (▲ 26% vs 2024). Source: NBB ↗
- New establishment in Gent. KBO
- Start of the company according to the CBE. KBO
- David Rudnick became a director. NBB
In short
From € 30,410 loss in 2022 to € 100,611 profit in 2025.
Paid € 91,598 in corporate taxes since 2022.
Best year ever: 2025, with € 100,611 profit.
On average € 188,800 of value added per employee in 2025.
Management
Behind Terrain is David Rudnick.
Directors
According to the 2025 annual accounts
David Rudnick
Director
since 2018
Establishments
Establishment units
Physical locations of this company
Ingelandgat 19
9000 Gent
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0715.658.674
- VAT number
- BE 0715.658.674
- Registered office
- Ingelandgat 19, 9000 Gent
- Names & denominations
- Terrain
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 10 December 2018
- Peppol
- Active · Active since 16 Dec 2025
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