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 4 of the last 4 fiscal years.
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Two loss years in a row NBB
Negative result in 2023 and 2024.
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Tight liquidity NBB
Cash and receivables cover 15 % of short-term debt in 2024; threshold 65 %.
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Late annual account NBB
Fiscal year 2024 was filed 291 days after the legal deadline.
Financials
Financial year 2024
TERRWELL from Zele, company number BE0735345023, closed financial year 2024 with a result of € -10,907 after tax. For that financial year TERRWELL recorded a gross margin of € -2,443 and equity of € -71,997. Compared with financial year 2023, the result moved from € -15,115 to € -10,907. 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 May 18, 2026.
€ -71,997
▼ € 10,907 vs 2023
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -10,907
▲ 28 % less loss than in 2023
Profit after tax over the fiscal year.
€ 3,021
▼ 21% vs 2023
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -81,997.
Debts at end 2024
€ 68,215
▼ 2% vs 2023
€ 1,715 is repaid this year. At this pace the long-term loan is gone in ≈ 18 years.
€ 14,463
▲ 40% vs 2023
Supplier invoices still open on the last day of the fiscal year.
€ 408
▼ 65% vs 2023
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
| 2021 | 2022 | 2023 | 2024 | Change 2023 → 2024 | |
|---|---|---|---|---|---|
| Gross margin | € 35,485 | € 21,330 | € -6,425 | € -2,443 | ▲ € 3,982 |
| Profit after taxes | € -11,765 | € -10,480 | € -15,115 | € -10,907 | ▲ € 4,207 |
| Equity | € -35,495 | € -45,975 | € -61,090 | € -71,997 | ▼ € 10,907 |
| Total debts | € 121,410 | € 125,731 | € 90,941 | € 93,042 | ▲ 2% |
| Cash | € 9,639 | € 3,400 | € 3,804 | € 3,021 | ▼ 21% |
| Retained profit | € -45,495 | € -55,975 | € -71,090 | € -81,997 | ▼ € 10,907 |
| Bank debt | € 97,839 | € 88,361 | € 69,320 | € 68,215 | ▼ 2% |
| Balance sheet total | € 85,914 | € 79,755 | € 29,851 | € 21,045 | ▼ 29% |
Key figures of TERRWELL, fiscal years 2021 to 2024, from the annual accounts filed with the National Bank of Belgium.The annual account for fiscal year 2025 has not been filed yet; it was expected before 31 July 2026.
What happened to TERRWELL?
What happened at TERRWELL in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2024: loss of € 10,907. filed late Source: NBB ↗
- New establishment in Zele. KBO
- Start of the company according to the CBE. KBO
In short
From € 11,765 loss in 2021 to € 10,907 loss in 2024.
Management
Behind TERRWELL are STEVEN WELLENS and LIEVE TERRYN. STEVEN WELLENS is also behind BURO SW. LIEVE TERRYN is also behind NESS ART.
Establishments
Establishment units
Physical locations of this company
Scoutsstraat 54
9240 Zele
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Website
Technologies
Hosting & Email
Email provider
Google Workspace
Hosting
AS-HOSTINGER, CY
Website info
Features
Security
Network
Details
- Company number
- 0735.345.023
- VAT number
- BE 0735.345.023
- Registered office
- Scoutsstraat 54, 9240 Zele
- Names & denominations
- TERRWELL
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 27 September 2019
- Peppol
- Active · Active since 22 Dec 2025
- Contact
- scoutsengidsenzele.be
- Activities · NACE
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