What does TERRAFOR do?

TERRAFOR is an earthmoving contractor in Pepinster. Private Limited, started on 30 March 2011, 1 establishment.

What is the address of TERRAFOR?

The registered office of TERRAFOR is located at Chaityfontaine 2, 4860 Pepinster.

Is TERRAFOR still active?

Yes. According to the CBE (30 October 2026) TERRAFOR is active, legal situation “Normale toestand”, started on 30 March 2011.

Is TERRAFOR registered on Peppol?

Yes, TERRAFOR is registered on the Peppol network with ID 0208:0834970951.

What is the enterprise number of TERRAFOR?

The enterprise number of TERRAFOR is BE0834970951.

When was TERRAFOR founded?

TERRAFOR was founded on 30 March 2011.

Who are the directors of TERRAFOR?

According to the 2025 annual accounts, the directors of TERRAFOR are: Michel HALKIN.

Is TERRAFOR a reliable company?

Databakkes does not pass judgement; this is what the sources say: Active according to the CBE since 30 March 2011; 4 annual accounts filed, latest fiscal year 2025; 1 directors known from the annual account.

How much profit did TERRAFOR make in 2025?

TERRAFOR posted a profit after taxes of € 34,421 in financial year 2025.

What is the revenue of TERRAFOR?

As a small company, TERRAFOR is not required to publish revenue in its annual accounts. In financial year 2025, its added value was € 421,954.

TERRAFOR (Private Limited) - Pepinster - BE0834970951

Dossier TERRAFOR, printed on 30 October 2026 from databakkes.be/en/0834970951/terrafor. Sources: CBE, National Bank of Belgium, Belgian Official Gazette.

Financials

Financial year 2025

TERRAFOR from Pepinster, company number BE0834970951, closed financial year 2025 with a result of € 34,421 after tax. For that financial year TERRAFOR recorded a gross margin of € 421,954 and equity of € 225,679. Compared with financial year 2024, the result moved from € 2,982 to € 34,421. Profitable, and profit is growing. The buffer is growing. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on August 5, 2025.

What it is worth Growing

€ 225,679

▲ 18% vs 2024

Assets minus debts, by the books. What is left if everything were sold and paid today.

Profit Growing

€ 34,421

▲ € 31,439 vs 2024

Profit after tax over the fiscal year.

Cash in the bank

€ 65,507

▲ 30% vs 2024

Cash and bank balances on the last day of the fiscal year.

Where the profit goes Growing

Stays in the company

No dividend for 2025. Retained profit grew to € 219,479.

People and assets in 2025

Wage cost

€ 240,717

▲ 25% vs 2024

Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.

Vehicles and equipment

€ 29,014

▼ 70% vs 2024

Book value of vehicles, furniture and equipment.

Debts at end 2025

Bank debt ≈ 2 years to go The accounts give the long-term loan and the part due within the year. The remainder divided by that part is the number of years at an equal pace; a new loan or early repayment changes it.

€ 221,722

▼ 36% vs 2024

€ 86,272 is repaid this year. At this pace the long-term loan is gone in ≈ 2 years.

Owed to suppliers

€ 46,433

▼ 41% vs 2024

Supplier invoices still open on the last day of the fiscal year.

Taxes and wages

€ 17,304

▲ 49% vs 2024

Taxes, VAT and social contributions still to pay.

Key figures per fiscal year Download key figures (CSV)
	2022	2023	2024	2025	Change 2024 → 2025
Gross margin	€ 495,830 Gross margin 2022: € 495,830 First fiscal year in the series	€ 294,705 Gross margin 2023: € 294,705 ▼ 41% vs 2022 (€ 495,830) Unfavourable step	€ 341,276 Gross margin 2024: € 341,276 ▲ 16% vs 2023 (€ 294,705) Favourable step	€ 421,954 Gross margin 2025: € 421,954 ▲ 24% vs 2024 (€ 341,276) Favourable step	▲ 24%
Profit after taxes	€ 35,685 Profit after taxes 2022: € 35,685 First fiscal year in the series	€ -63,856 Profit after taxes 2023: € -63,856 ▼ € 99,542 vs 2022 (€ 35,685) Unfavourable step	€ 2,982 Profit after taxes 2024: € 2,982 ▲ € 66,838 vs 2023 (€ -63,856) Favourable step	€ 34,421 Profit after taxes 2025: € 34,421 ▲ € 31,439 vs 2024 (€ 2,982) Favourable step	▲ € 31,439
Equity	€ 252,132 Equity 2022: € 252,132 First fiscal year in the series	€ 188,276 Equity 2023: € 188,276 ▼ 25% vs 2022 (€ 252,132) Unfavourable step	€ 191,258 Equity 2024: € 191,258 ▲ 2% vs 2023 (€ 188,276) Favourable step	€ 225,679 Equity 2025: € 225,679 ▲ 18% vs 2024 (€ 191,258) Favourable step	▲ 18%
Total debts	€ 882,773 Total debts 2022: € 882,773 First fiscal year in the series	€ 495,826 Total debts 2023: € 495,826 ▼ 44% vs 2022 (€ 882,773) Favourable step	€ 443,732 Total debts 2024: € 443,732 ▼ 11% vs 2023 (€ 495,826) Favourable step	€ 300,861 Total debts 2025: € 300,861 ▼ 32% vs 2024 (€ 443,732) Favourable step	▼ 32%
Cash	€ 118,418 Cash 2022: € 118,418 First fiscal year in the series	€ 10,230 Cash 2023: € 10,230 ▼ 91% vs 2022 (€ 118,418) Unfavourable step	€ 50,495 Cash 2024: € 50,495 ▲ € 40,265 vs 2023 (€ 10,230) Favourable step	€ 65,507 Cash 2025: € 65,507 ▲ 30% vs 2024 (€ 50,495) Favourable step	▲ 30%
Retained profit	€ 245,932 Retained profit 2022: € 245,932 First fiscal year in the series	€ 182,076 Retained profit 2023: € 182,076 ▼ 26% vs 2022 (€ 245,932) Unfavourable step	€ 185,058 Retained profit 2024: € 185,058 ▲ 2% vs 2023 (€ 182,076) Favourable step	€ 219,479 Retained profit 2025: € 219,479 ▲ 19% vs 2024 (€ 185,058) Favourable step	▲ 19%
Bank debt	€ 565,250 Bank debt 2022: € 565,250 First fiscal year in the series	€ 368,276 Bank debt 2023: € 368,276 ▼ 35% vs 2022 (€ 565,250) Favourable step	€ 347,396 Bank debt 2024: € 347,396 ▼ 6% vs 2023 (€ 368,276) Favourable step	€ 221,722 Bank debt 2025: € 221,722 ▼ 36% vs 2024 (€ 347,396) Favourable step	▼ 36%
Balance sheet total	€ 1,134,905 Balance sheet total 2022: € 1,134,905 First fiscal year in the series	€ 684,102 Balance sheet total 2023: € 684,102 ▼ 40% vs 2022 (€ 1,134,905) Unchanged	€ 634,990 Balance sheet total 2024: € 634,990 ▼ 7% vs 2023 (€ 684,102) Unchanged	€ 526,540 Balance sheet total 2025: € 526,540 ▼ 17% vs 2024 (€ 634,990) Unchanged	▼ 17%

Key figures of TERRAFOR, 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 October 2026.

What happened to TERRAFOR?

What happened at TERRAFOR in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:

Aug 5, 2025 New annual accounts for financial year 2025: profit of € 34,421 (▲ € 31,439 vs 2024). Source: NBB ↗
Apr 1, 2011 New establishment in Pepinster. KBO
Mar 30, 2011 Start of the company according to the CBE. KBO

In short

From € 35,685 profit in 2022 to € 34,421 profit in 2025.

Paid € 4,182 in corporate taxes since 2022.

Best year ever: 2022, with € 35,685 profit.

Original PDFs at the National Bank ↗

Management

Michel HALKIN

TERRAFOR

Behind TERRAFOR is Michel HALKIN.

Directors

According to the 2025 annual accounts

Michel HALKIN

Manager

Establishments

Establishment units

Physical locations of this company

Registered office

Chaityfontaine 2

4860 Pepinster

What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.

Details

Company number

0834.970.951

VAT number

BE 0834.970.951

Registered office

Chaityfontaine 2, 4860 Pepinster

Names & denominations

TERRAFOR

Enterprise type

Rechtspersoon

Legal form

Private limited company

Legal situation

Normale toestand

Start date

30 March 2011

Peppol

Active · Active since 13 Dec 2025

Activities · NACE

Bouwrijp maken van terreinen

Goederenvervoer over de weg

Baggerwerken

View on CBE Public ↗ Annual accounts (NBB) ↗

TERRAFOR

Financials

What happened to TERRAFOR?

Management

Directors

Establishments

Establishment units

Details

Frequently asked questions