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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Busy address KBO
35 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2025
Terhills from Hasselt, company number BE0845152585, closed financial year 2025 with a result of € -1.7 million after tax. For that financial year Terhills recorded revenue of € 2 million and equity of € 65 million. Compared with financial year 2024, the result moved from € -921,729 to € -1.7 million. 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 June 9, 2026.
€ 65 million
▼ 3% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -1.7 million
▼ 89 % more loss than in 2024
Profit after tax over the fiscal year.
€ 3.4 million
▲ 106% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -10.1 million.
People and assets in 2025
4
Average over the fiscal year, from the social balance sheet.
€ 674,674
▲ 5% vs 2024
€ 168,700 per full-time equivalent. Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 2 million
▼ 6% vs 2024
Of which on lease € 2 million.
Debts at end 2025
€ 66.6 million
▼ 1% vs 2024
€ 209,409 is repaid this year. At this pace the long-term loan is gone in ≈ 318 years.
€ 599,214
▼ 29% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 174 days on average.
€ 208,891
▲ 6% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 7,083,115 | € 5,070,113 | € 1,959,694 | € 1,997,039 | ▲ 2% |
| Profit after taxes | € 1,176,958 | € 452,594 | € -921,729 | € -1,743,827 | ▼ € 822,098 |
| Equity | € 59,124,608 | € 67,172,000 | € 67,017,438 | € 65,013,818 | ▼ 3% |
| Total debts | € 93,888,499 | € 88,010,184 | € 68,681,679 | € 67,882,010 | ▼ 1% |
| Cash | € 5,868,215 | € 15,103,593 | € 1,630,025 | € 3,357,841 | ▲ 106% |
| Land & buildings | € 6,198,735 | € 7,698,651 | € 14,841,009 | € 14,386,045 | ▼ 3% |
| Retained profit | € -7,860,261 | € -7,407,667 | € -8,329,396 | € -10,073,223 | ▼ € 1.7 million |
| Bank debt | € 92,505,012 | € 86,054,087 | € 67,314,923 | € 66,624,195 | ▼ 1% |
| Balance sheet total | € 154,511,958 | € 157,217,551 | € 137,995,124 | € 135,110,154 | ▼ 2% |
| Employees (FTE) | 3 | 4 | 4 | 4 |
Key figures of Terhills, 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 Terhills?
What happened at Terhills in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- M.O.S.T. BV stepped down as director. NBB
- Kristof Schiepers stepped down as director. NBB
- Limburgse Reconversie Maatschappij NV stepped down as director. NBB
- KCL Services BV stepped down as director. NBB
- Mark Maesen stepped down as director. NBB
- Jan Janssen Hospitality Consulting BV stepped down as director. NBB
- Armand Ghysens stepped down as director. NBB
- Frieda Brepoels stepped down as director. NBB
In short
From € 1.2 million profit in 2022 to € 1.7 million loss in 2025.
Paid € 3,885 in corporate taxes since 2022.
Best year ever: 2022, with € 1.2 million profit.
Pays suppliers within 174 days on average.
Management
The stake of MIJNEN, LIMBURGSE RECONVERSIE MAATSCHAPPIJ comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
TerhillsThe shares are held by MIJNEN (91%) and LIMBURGSE RECONVERSIE MAATSCHAPPIJ (9%). It owns 100% of Immo Terhills Villa's, 100% of Terhills Vakantiepark, 100% of Immo Terhills Centrum Faciliteiten and 99.9% of Terhills Hotel itself.
Directors
According to the 2025 annual accounts
Director · represented by Francois Meysman
since 2021 · until 2027
Kristof Schiepers
Director
Also active at: MIJNEN, LIMBURGSE RECONVERSIE MAATSCHAPPIJ, CORDA CAMPUS 2.0
since 2023 · until 2027
Limburgse Reconversie Maatschappij NV
Managing director · represented by Tom Vanham
Also active at: H.W.P., Corda Campus, MIJNSCHADE EN BEMALING LIMBURGS MIJNGEBIED, be-DIVE, LRM Lease, RMW, CORDA CAMPUS 2.0, Mobietrain +33 more
since 2021 · until 2027
Director · represented by Ellen Van Elsen
Also active at: Van Mossel Automotive Group Belux
since 2022 · until 2027
Mark Maesen
Chairman of the board
Also active at: MIJNEN, Actief Interim, LRM Beheer, ACTIEF, H.W.P., LIMBURGSE RECONVERSIE MAATSCHAPPIJ, M2M, MIJNSCHADE EN BEMALING LIMBURGS MIJNGEBIED +4 more
since 2024 · until 2027
Jan Janssen Hospitality Consulting BV
Director · represented by Jan Janssen
since 2022 · until 2027
Frieda Brepoels
Director
Also active at: De Vlaamse Radio- en Televisieomroeporganisatie, MIJNEN, H.W.P., LIMBURGSE RECONVERSIE MAATSCHAPPIJ, Corda Campus
since 2022 · until 2027
Shareholders
Participations
Establishments
Establishment units
Physical locations of this company
Kempische steenweg 311 box 4.01
3500 Hasselt
Zetellaan(E) 70
3630 Maasmechelen
Active since 1 October 2017
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 35 companies are registered at this address.
All companies at this address →MIJNEN same network
€ 1 revenue · 2025
PENSIOENFONDS VAN HET KEMPENS STEENKOLENBEKKEN
LRM Beheer same network
€ 146,800 revenue · 2025
SCIA
€ 8.9 million revenue · 2025
H.W.P. same network
€ 83,121 revenue · 2025
+30 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
- 0845.152.585
- VAT number
- BE 0845.152.585
- Registered office
- Kempische steenweg 311 bus 4.01, 3500 Hasselt
- Names & denominations
- Terhills
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 10 April 2012
- Peppol
- Active · Active since 14 Jan 2026
- Activities · NACE
Verhuur en exploitatie van eigen of geleased residentieel onroerend goed, exclusief sociale woningen
Handel in elektriciteit
Verhuur en exploitatie van eigen of geleased niet-residentieel onroerend goed, exclusief terreinen
Productie van elektriciteit uit niet-hernieuwbare bronnen
Ontwikkeling van residentiële bouwprojecten
Verhuur en exploitatie van terreinen
Overige zakelijke dienstverlening, neg