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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Tight liquidity NBB
Cash and receivables cover 32 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
Terranova from Blankenberge, company number BE0727741213, closed financial year 2025 with a result of € 85,144 after tax. For that financial year Terranova recorded a gross margin of € 190,267 and equity of € 229,797. Compared with financial year 2024, the result moved from € 31,161 to € 85,144. Profitable, and profit is growing. The buffer is growing. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on July 17, 2026.
€ 229,797
▲ 59% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 85,144
▲ 173% vs 2024
Profit after tax over the fiscal year.
€ 48,992
▼ 21% 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 € 224,797.
Debts at end 2025
€ 620,000
▼ 55% vs 2024
Loans from banks and other lenders, long and short.
€ 20,464
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 34,150 | € 193,451 | € 144,608 | € 190,267 | ▲ 32% |
| Profit after taxes | € 2,574 | € 78,541 | € 31,161 | € 85,144 | ▲ 173% |
| Equity | € 34,952 | € 113,493 | € 144,654 | € 229,797 | ▲ 59% |
| Total debts | € 1,337,598 | € 1,898,645 | € 1,431,198 | € 1,242,272 | ▼ 13% |
| Cash | € 52,380 | € 111,776 | € 61,882 | € 48,992 | ▼ 21% |
| Retained profit | € 29,952 | € 108,493 | € 139,654 | € 224,797 | ▲ 61% |
| Bank debt | € 1,245,000 | € 1,830,000 | € 1,378,800 | € 620,000 | ▼ 55% |
| Balance sheet total | € 1,372,549 | € 2,012,138 | € 1,575,852 | € 1,472,069 | ▼ 7% |
Key figures of Terranova, 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 Terranova?
What happened at Terranova in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 85,144 (▲ 173% vs 2024). Source: NBB ↗
- Leovic BV became a director. NBB
- NICK VERWIMP PROJECTBOUW BV became a director. NBB
- New establishment in Blankenberge. KBO
- Start of the company according to the CBE. KBO
In short
From € 2,574 profit in 2022 to € 85,144 profit in 2025.
Paid € 75,846 in corporate taxes since 2022.
Best year ever: 2025, with € 85,144 profit.
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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
The stake of NICK VERWIMP PROJECTBOUW, Leovic comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
TerranovaBehind Terranova are Leovic BV and NICK VERWIMP PROJECTBOUW BV. The shares are held by NICK VERWIMP PROJECTBOUW (50%) and Leovic (50%).
Directors
According to the 2025 annual accounts
Director · represented by Tom Bogaert
Also active at: VB Projectbouw, WULLOK, WULLOK CONSTRUCT
since 2021
Director · represented by Nick Verwimp
Also active at: VB Projectbouw, WULLOK, WULLOK CONSTRUCT
since 2021
Shareholders
50%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
K. Deswertlaan 61 box 1
8370 Blankenberge
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 4 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
- 0727.741.213
- VAT number
- BE 0727.741.213
- Registered office
- K. Deswertlaan 61 bus 1, 8370 Blankenberge
- Names & denominations
- Terranova
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 4 June 2019
- Peppol
- Active · Active since 28 Aug 2023
- Activities · NACE
Vermogensbeheer