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 2024 and 2025.
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Tight liquidity NBB
Cash and receivables cover 21 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
Terrae One from Brugge, company number BE0790440924, closed financial year 2025 with a result of € -46,792 after tax. For that financial year Terrae One recorded a gross margin of € 43,488 and equity of € 32,065. Compared with financial year 2024, the result moved from € -37,919 to € -46,792. The company made a loss. The buffer shrank hard: equity is 59 % below last year. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on August 26, 2026.
€ 32,065
▼ 59% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -46,792
▼ 23 % more loss than in 2024
Profit after tax over the fiscal year.
€ 36,326
▲ 35% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -107,935.
Debts at end 2025
€ 1.2 million
▲ 77% vs 2024
€ 10,209 is repaid this year. At this pace the long-term loan is gone in ≈ 117 years.
€ 74,957
▲ € 74,348 vs 2024
Supplier invoices still open on the last day of the fiscal year.
| 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|
| Gross margin | € 30,482 | € 37,179 | € 43,488 | ▲ 17% |
| Profit after taxes | € -23,225 | € -37,919 | € -46,792 | ▼ € 8,873 |
| Equity | € 116,775 | € 78,857 | € 32,065 | ▼ 59% |
| Total debts | € 710,499 | € 807,211 | € 1,757,519 | ▲ 118% |
| Cash | € 10,065 | € 26,868 | € 36,326 | ▲ 35% |
| Land & buildings | € 755,839 | € 731,164 | € 1,666,883 | ▲ 128% |
| Retained profit | € -23,225 | € -61,143 | € -107,935 | ▼ € 46,792 |
| Bank debt | € 709,000 | € 697,992 | € 1,234,623 | ▲ 77% |
| Balance sheet total | € 827,274 | € 886,067 | € 1,789,583 | ▲ 102% |
Key figures of Terrae One, fiscal years 2023 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 Terrae One?
What happened at Terrae One in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 46,792. filed late Source: NBB ↗
- New establishment in Brugge. KBO
- Start of the company according to the CBE. KBO
In short
From € 23,225 loss in 2023 to € 46,792 loss in 2025.
Management
Behind Terrae One are Berlaur BV and HILLS INVEST BV. The same people are also behind FOUND & BAKER, Found & Baker Properties Gent, FOUND & BAKER PROPERTIES BRUSSEL, Found & Baker Group and Found & Baker Hasselt. Berlaur BV is also behind DEBA INVEST.
Directors
According to the 2025 annual accounts
Director · represented by Phillipe De Backer
Also active at: DEBA INVEST, FOUND & BAKER, Found & Baker Properties Gent, FOUND & BAKER PROPERTIES BRUSSEL, Found & Baker Group, Found & Baker Hasselt
Director · represented by FONTEYNE DAVID
Also active at: FOUND & BAKER, Found & Baker Properties Gent, FOUND & BAKER PROPERTIES BRUSSEL, Found & Baker Group, Found & Baker Hasselt
Establishments
Establishment units
Physical locations of this company
Hendrik Consciencelaan 70
8000 Brugge
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 2 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
- 0790.440.924
- VAT number
- BE 0790.440.924
- Registered office
- Hendrik Consciencelaan 70, 8000 Brugge
- Names & denominations
- Terrae One
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 5 September 2022
- Peppol
- Active · Active since 17 Jun 2025
- Activities · NACE
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