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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Tight liquidity NBB
Cash and receivables cover 33 % of short-term debt in 2025; threshold 65 %.
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Busy address KBO
40 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2025
TERRANOVA SOLAR from Stabroek, company number BE0843770435, closed financial year 2025 with a result of € 2.1 million after tax. For that financial year TERRANOVA SOLAR recorded a gross margin of € 5.2 million and equity of € 7.9 million. Compared with financial year 2024, the result moved from € 1.3 million to € 2.1 million. 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 June 22, 2026.
€ 7.9 million
▲ 23% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 2.1 million
▲ 61% vs 2024
Profit after tax over the fiscal year.
€ 461,203
▼ 16% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 600,000 paid out
29 % of the profit went to the shareholders, the rest stayed in the company.
Debts at end 2025
€ 7.2 million
▼ 11% vs 2024
Loans from banks and other lenders, long and short.
€ 249,737
▲ 12% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 49,030
▲ 123% vs 2024
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 8,991,427 | € 5,660,744 | € 4,455,675 | € 5,194,905 | ▲ 17% |
| Profit after taxes | € 2,894,252 | € 1,942,765 | € 1,304,673 | € 2,100,926 | ▲ 61% |
| Equity | € 12,060,054 | € 6,362,818 | € 6,417,492 | € 7,918,418 | ▲ 23% |
| Total debts | € 15,330,211 | € 14,132,867 | € 9,900,709 | € 8,359,832 | ▼ 16% |
| Cash | € 891,894 | € 288,514 | € 549,257 | € 461,203 | ▼ 16% |
| Retained profit | € 6,504,454 | € 807,218 | € 861,892 | € 2,362,818 | ▲ 174% |
| Dividend | € 0 | € 7,640,000 | € 1,250,000 | € 600,000 | ▼ 52% |
| Bank debt | € 13,424,601 | € 10,804,604 | € 8,071,470 | € 7,164,535 | ▼ 11% |
| Balance sheet total | € 28,035,920 | € 21,141,341 | € 16,963,856 | € 16,923,906 |
Key figures of TERRANOVA SOLAR, 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 TERRANOVA SOLAR?
What happened at TERRANOVA SOLAR in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- An Vervliet stepped down as director. NBB
- Chloë Van Weynsberghe stepped down as director. NBB
- Gregorius Aertssen stepped down as director. NBB
- Frank De Mulder stepped down as director. NBB
- Tom Maes stepped down as director. NBB
- Jan Grommen stepped down as director. NBB
- Walter Wesenbeek stepped down as director. NBB
- New annual accounts for financial year 2025: profit of € 2.1 million (▲ 61% vs 2024). Source: NBB ↗
In short
From € 2.9 million profit in 2022 to € 2.1 million profit in 2025.
Paid € 3 million in corporate taxes since 2022.
Best year ever: 2022, with € 2.9 million profit.
Paid out € 9.5 million in dividends to the owners in total.
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De Lijn 8 June 2026 New annual account 2025
filed on 8 June 2026
What was left
€ 20 k ▼ 91%
Money in the bank
€ 178 k ▼ 98%
Open the dossier →
NMBS 8 June 2026 New annual account 2025 What was left ▼ 80%
bpost 18 May 2026 New annual account 2025 What was left from loss to profit
Management
The stake of AERTSSEN GROUP, DEME Environmental, Jan De Nul, Envisan comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
TERRANOVA SOLARThe shares are held by AERTSSEN GROUP (45%), DEME Environmental (22.5%), Jan De Nul (11.3%) and Envisan (11.3%).
Directors
According to the 2025 annual accounts
Gregorius Aertssen
Director
Also active at: NEWMO HAREN, Aertssen Infra, NEWMO, AERTSSEN SERVICES, WILLY CROMMEN, AERTSSEN TRANSPORT, AERTSSEN GROUP, Smeyers +27 more
since 2022 · until 2028
Frank De Mulder
Director
Also active at: Farys, SYNDUCTIS, Zonneberg, ENSOMME, Waterunie, ARTEVELDE-STADION
since 2022 · until 2028
Tom Maes
Director
since 2024 · until 2028
Jan Grommen
Director
since 2023 · until 2028
An Vervliet
Director
Also active at: Centrum Ronde van Vlaanderen VZW, Eiland Zwijnaarde, Monumentale kerken Gent
since 2025 · until 2031
Walter Wesenbeek
Director
Also active at: NEWMO HAREN, Aertssen Infra, NEWMO, AERTSSEN SERVICES, WILLY CROMMEN, AERTSSEN TRANSPORT, Smeyers, ENVI +20 more
since 2022 · until 2028
since 2025 · until 2031
Shareholders
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Laageind 91
2940 Stabroek
Callemansputtestraat 92
9940 Evergem
Active since 14 February 2012
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 40 companies are registered at this address.
All companies at this address →NEWMO HAREN same network
€ -16,432 gross margin · 2025
Aertssen Infra same network
€ 199.1 million revenue · 2025
NEWMO same network
€ 1.1 million gross margin · 2025
AERTSSEN SERVICES same network
€ 37.9 million revenue · 2025
AERTSSEN TRANSPORT same network
€ 21.3 million revenue · 2025
+35 more
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0843.770.435
- VAT number
- BE 0843.770.435
- Registered office
- Laageind 91, 2940 Stabroek
- Names & denominations
- TERRANOVA SOLAR
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 14 February 2012
- Peppol
- Active · Active since 1 Jan 2001
- Activities · NACE
Productie van elektriciteit uit hernieuwbare bronnen