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 0 % of short-term debt in 2025; threshold 65 %.
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Figures corrected NBB
Corrected annual account filed for 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 2025
Terre de Cerfs from Houyet, company number BE0811422519, closed financial year 2025 with a result of € -26,725 after tax. For that financial year Terre de Cerfs recorded a gross margin of € 28,205 and equity of € 36,055. Compared with financial year 2024, the result moved from € -42,979 to € -26,725. The company made a loss. The company holds a healthy buffer. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on August 12, 2026.
€ 36,055
▼ 43% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -26,725
▲ 38 % less loss than in 2024
Profit after tax over the fiscal year.
€ 2,359
▲ 25% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -452,393.
Debts at end 2025
€ 172,710
▼ 10% vs 2024
€ 20,073 is repaid this year. At this pace the long-term loan is gone in ≈ 9 years.
€ 85,048
▼ 15% vs 2024
Supplier invoices still open on the last day of the fiscal year.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 6,007 | € 35,968 | € 7,132 | € 28,205 | ▲ 295% |
| Profit after taxes | € -37,886 | € -7,437 | € -42,979 | € -26,725 | ▲ € 16,254 |
| Equity | € 113,196 | € 105,759 | € 62,780 | € 36,055 | ▼ 43% |
| Total debts | € 838,904 | € 814,378 | € 1,027,326 | € 1,023,856 | |
| Cash | € 4,887 | € 476 | € 1,889 | € 2,359 | ▲ 25% |
| Land & buildings | € 947,212 | € 919,361 | € 1,082,376 | € 1,057,051 | ▼ 2% |
| Retained profit | € -375,252 | € -382,688 | € -425,668 | € -452,393 | ▼ € 26,725 |
| Bank debt | € 225,849 | € 208,667 | € 190,961 | € 172,710 | ▼ 10% |
| Balance sheet total | € 952,100 | € 920,137 | € 1,090,105 | € 1,059,911 | ▼ 3% |
Key figures of Terre de Cerfs, 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 Terre de Cerfs?
What happened at Terre de Cerfs in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 26,725. filed late Source: NBB ↗
- Antoine Lagrange became a director. NBB
- Martin Firket became a director. NBB
- Jean-Claude Chot became a director. NBB
- Start of the company according to the CBE. KBO
In short
From € 37,886 loss in 2022 to € 26,725 loss in 2025.
Management
Behind Terre de Cerfs are Martin Firket, Jean-Claude Chot and Antoine Lagrange.
Directors
According to the 2025 annual accounts
Martin Firket
Director
since 2017
Jean-Claude Chot
Director
since 2017
Antoine Lagrange
Director
since 2020
Establishments
Establishment units
Physical locations of this company
Rue du Monument, Mesnil-Eglise 20
5560 Houyet
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0811.422.519
- VAT number
- BE 0811.422.519
- Registered office
- Rue du Monument, Mesnil-Eglise 20, 5560 Houyet
- Names & denominations
- Terre de Cerfs
- Enterprise type
- Rechtspersoon
- Legal form
- Cooperative company
- Legal situation
- Normale toestand
- Start date
- 20 April 2009
- Peppol
- Not registered