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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Two loss years in a row NBB
Negative result in 2023 and 2024.
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Not on Peppol Peppol
Not registered in the Peppol network, mandatory for VAT-liable companies since 1 January 2026.
Financials
Financial year 2024
Terram from Glabbeek, company number BE0747985608, closed financial year 2024 with a result of € -950 after tax. For that financial year Terram recorded a gross margin of € -480 and equity of € 76,084. Compared with financial year 2023, the result moved from € -1,294 to € -950. The company made a loss. 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 August 26, 2025.
€ 76,084
▼ 1% vs 2023
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -950
▲ 27 % less loss than in 2023
Profit after tax over the fiscal year.
€ 2,202
▼ 99% vs 2023
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € 71,084.
People and assets in 2024
≈ 1
No payroll staff. One director, so that person most likely runs the business.
Debts at end 2024
None
No bank loans on the last day of the fiscal year.
| 2021 | 2022 | 2023 | 2024 | Change 2023 → 2024 | |
|---|---|---|---|---|---|
| Gross margin | € -498 | € 99,217 | € -836 | € -480 | ▲ € 356 |
| Profit after taxes | € -1,090 | € 77,769 | € -1,294 | € -950 | ▲ € 344 |
| Equity | € 559 | € 78,328 | € 77,034 | € 76,084 | ▼ 1% |
| Total debts | € 373,688 | € 284,450 | € 153,458 | € 0 | ▼ 100% |
| Cash | € 596 | € 362,778 | € 212,077 | € 2,202 | ▼ 99% |
| Retained profit | € -4,441 | € 73,328 | € 72,034 | € 71,084 | ▼ 1% |
| Bank debt | € 154,000 | € 0 | € 0 | € 0 | |
| Balance sheet total | € 374,246 | € 362,778 | € 230,492 | € 76,084 | ▼ 67% |
Key figures of Terram, 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 Terram?
What happened at Terram in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2024: loss of € 950. filed late Source: NBB ↗
- Start of the company according to the CBE. KBO
- Gert Walravens became a director. NBB
In short
From € 1,090 loss in 2021 to € 950 loss in 2024.
Paid € 18,332 in corporate taxes since 2021.
Best year ever: 2022, with € 77,769 profit.
Management
The stake of Werlo comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
TerramBehind Terram is Gert Walravens. The shares are held by Werlo (50%).
Establishments
Establishment units
Physical locations of this company
Boeslinter 26A
3380 Glabbeek
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0747.985.608
- VAT number
- BE 0747.985.608
- Registered office
- Boeslinter 26A, 3380 Glabbeek
- Names & denominations
- Terram
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 8 June 2020
- Peppol
- Not registered