Financials
Financial year 2025
Terrah Projects from Halle, company number BE0744896355, closed financial year 2025 with a result of € -200,267 after tax. For that financial year Terrah Projects recorded a gross margin of € -26,783 and equity of € 24,978. Compared with financial year 2024, the result moved from € 189,100 to € -200,267. The company made a loss. The buffer shrank hard: equity is 89 % below last year. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on July 31, 2026.
€ 24,978
▼ 89% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -200,267
▼ still € 189,100 profit in 2024
Profit after tax over the fiscal year.
€ 85,476
▲ € 64,978 vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -195,022.
Debts at end 2025
€ 2.5 million
▼ 2% vs 2024
Loans from banks and other lenders, long and short.
€ 77,280
▲ 43% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 12,247
▼ 32% vs 2024
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € -9,749 | € 67,181 | € 316,043 | € -26,783 | ▼ € 342,826 |
| Profit after taxes | € -68,172 | € -147,335 | € 189,100 | € -200,267 | ▼ € 389,367 |
| Equity | € 183,480 | € 36,145 | € 225,245 | € 24,978 | ▼ 89% |
| Total debts | € 1,145,636 | € 2,581,104 | € 2,683,931 | € 2,735,335 | ▲ 2% |
| Cash | € 20,645 | € 157,076 | € 20,499 | € 85,476 | ▲ € 64,978 |
| Land & buildings | € 955,138 | € 1,846,547 | € 775,050 | € 760,880 | ▼ 2% |
| Retained profit | € -36,520 | € -183,855 | € 5,245 | € -195,022 | ▼ € 200,267 |
| Bank debt | € 1,096,902 | € 1,464,000 | € 2,570,000 | € 2,514,567 | ▼ 2% |
| Balance sheet total | € 1,329,116 | € 2,617,249 | € 2,909,176 | € 2,760,313 | ▼ 5% |
Key figures of Terrah Projects, 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 Terrah Projects?
What happened at Terrah Projects in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 200,267 (▼ € 389,367 vs 2024). Source: NBB ↗
- New establishment in Halle. KBO
- Start of the company according to the CBE. KBO
- Elise Van der Smissen became a director. NBB
- Michael De Brucker became a director. NBB
In short
From € 68,172 loss in 2022 to € 200,267 loss in 2025.
Best year ever: 2024, with € 189,100 profit.
Management
Behind Terrah Projects are Elise Van der Smissen and Michael De Brucker. Michael De Brucker is also behind Dokterspraktijk Michaël De Brucker.
Directors
According to the 2025 annual accounts
Elise Van der Smissen
Director
since 2020
since 2020
Establishments
Establishment units
Physical locations of this company
Bergensesteenweg 99
1500 Halle
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 3 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
- 0744.896.355
- VAT number
- BE 0744.896.355
- Registered office
- Bergensesteenweg 99, 1500 Halle
- Names & denominations
- Terrah Projects
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 10 March 2020
- Peppol
- Active · Active since 10 Dec 2025
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