Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Tight liquidity NBB
Cash and receivables cover 5 % of short-term debt in 2024; threshold 65 %.
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Busy address KBO
12 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2024
TERRA MATER from Gent, company number BE0744440653, closed financial year 2024 with a result of € 768 after tax. For that financial year TERRA MATER recorded a gross margin of € 344,181 and equity of € 38,031. Compared with financial year 2023, the result moved from € 1,409 to € 768. The company is profitable. The buffer is growing. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on July 23, 2025.
€ 38,031
▲ 2% vs 2023
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 768
▼ 45% vs 2023
Profit after tax over the fiscal year.
€ 10,839
▼ 63% vs 2023
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2024. Retained profit grew to € 8,031.
People and assets in 2024
€ 109,451
▲ 115% vs 2023
Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 41,584
▼ 57% vs 2023
Book value of vehicles, furniture and equipment.
Debts at end 2024
None
No bank loans on the last day of the fiscal year.
€ 119,325
▲ 16% vs 2023
Supplier invoices still open on the last day of the fiscal year.
€ 7,590
▲ 14% vs 2023
Taxes, VAT and social contributions still to pay.
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| 2021 | 2022 | 2023 | 2024 | Change 2023 → 2024 | |
|---|---|---|---|---|---|
| Gross margin | € 5,642 | € 5,363 | € 57,507 | € 344,181 | ▲ € 286,673 |
| Profit after taxes | € 1,444 | € 1,442 | € 1,409 | € 768 | ▼ 45% |
| Equity | € 34,411 | € 35,853 | € 37,262 | € 38,031 | ▲ 2% |
| Total debts | € 387,128 | € 861,628 | € 1,885,414 | € 2,724,687 | ▲ 45% |
| Cash | € 5,833 | € 16,568 | € 29,676 | € 10,839 | ▼ 63% |
| Retained profit | € 4,411 | € 5,853 | € 7,262 | € 8,031 | ▲ 11% |
| Balance sheet total | € 421,539 | € 897,481 | € 1,922,677 | € 2,762,718 | ▲ 44% |
Key figures of TERRA MATER, 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 TERRA MATER?
What happened at TERRA MATER in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2024: profit of € 768 (▼ 45% vs 2023). Source: NBB ↗
- New establishment in Gent. KBO
- MINERVA BV became a director. NBB
- New establishment in Gent. KBO
- Start of the company according to the CBE. KBO
- GHENT TRANSPORT & STORAGE NV became a director. NBB
- Alfons Maes became a director. NBB
In short
From € 1,444 profit in 2021 to € 768 profit in 2024.
Paid € 2,549 in corporate taxes since 2021.
Best year ever: 2021, with € 1,444 profit.
A new publication or filing at TERRA MATER? We notify you, reason included.
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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 GHENT TRANSPORT AND STORAGE comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
TERRA MATERBehind TERRA MATER are GHENT TRANSPORT & STORAGE NV, Alfons Maes and MINERVA BV. The shares are held by GHENT TRANSPORT AND STORAGE (33.3%).
Directors
According to the 2024 annual accounts
since 2020
Alfons Maes
Director
since 2020
Director · represented by Kapil Shyam Lokare
since 2021
Shareholders
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Skaldenstraat 121 box B2
9042 Gent
Skaldenstraat 121 C2
9042 Gent
Active since 25 February 2020
James Cookstraat 10
9042 Gent
Active since 1 August 2023
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 12 companies are registered at this address.
All companies at this address →G&P QUALITY MANAGEMENT
€ 394,417 gross margin · 2025
GHENT WAREHOUSING SYSTEMS
€ 3.7 million gross margin · 2025
EASYHOST
€ 795,839 gross margin · 2025
MCSyncro
€ 18.4 million revenue · 2025
BROSE GENT
€ 64 million revenue · 2025
+7 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
- 0744.440.653
- VAT number
- BE 0744.440.653
- Registered office
- Skaldenstraat 121 bus B2, 9042 Gent
- Names & denominations
- TERRA MATER
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 25 February 2020
- Peppol
- Active · Active since 20 Nov 2025
- Activities · NACE
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