Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Tight liquidity NBB
Cash and receivables cover 37 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
TERRAGRO from Kortrijk, company number BE0870533824, closed financial year 2025 with a result of € 12,457 after tax. For that financial year TERRAGRO recorded a gross margin of € 326,739 and equity of € 374,845. Compared with financial year 2024, the result moved from € 15,847 to € 12,457. The company is profitable. The buffer is growing. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on April 16, 2026.
€ 374,845
▲ 3% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 12,457
▼ 21% vs 2024
Profit after tax over the fiscal year.
€ 12,679
▲ 107% vs 2024
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2025. Retained profit grew to € 354,845.
People and assets in 2025
0
Average over the fiscal year, from the social balance sheet.
€ 318,072
▼ 20% vs 2024
Of which on lease € 275,452.
Debts at end 2025
€ 1.4 million
▲ 61% vs 2024
€ 201,809 is repaid this year. At this pace the long-term loan is gone in ≈ 7 years.
€ 468,048
▲ 281% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 21,333
▲ 23% vs 2024
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 278,332 | € 302,736 | € 307,341 | € 326,739 | ▲ 6% |
| Profit after taxes | € 28,411 | € -92,043 | € 15,847 | € 12,457 | ▼ 21% |
| Equity | € 438,585 | € 346,541 | € 362,388 | € 374,845 | ▲ 3% |
| Total debts | € 1,379,109 | € 2,026,574 | € 1,761,407 | € 2,642,200 | ▲ 50% |
| Cash | € 27,266 | € 2,126 | € 6,124 | € 12,679 | ▲ 107% |
| Land & buildings | € 544,836 | € 1,315,075 | € 1,305,656 | € 1,288,088 | ▼ 1% |
| Retained profit | € 418,585 | € 326,541 | € 342,388 | € 354,845 | ▲ 4% |
| Bank debt | € 508,087 | € 945,616 | € 839,778 | € 1,351,588 | ▲ 61% |
| Balance sheet total | € 1,817,693 | € 2,373,115 | € 2,123,795 | € 3,017,045 | ▲ 42% |
Key figures of TERRAGRO, 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.
Ask about TERRAGRO the way you would ask their accountant.
Answers from the filed annual accounts, the Belgian Official Gazette and the CBE register.
Connect ChatGPT or Claude for free- ChatGPT
- Claude
Free account, no payment card. Key figures unlimited, the annual accounts and deeds of 10 companies a month. Need more? Get in touch, we are looking for our first pilot users.
What happened to TERRAGRO?
What happened at TERRAGRO in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 12,457 (▼ 21% vs 2024). Source: NBB ↗
- PIETER HERMAN became a director. NBB
- New establishment in Kortrijk. KBO
- Incorporation, published in the Gazette. Source: Staatsblad ↗
In short
From € 28,411 profit in 2022 to € 12,457 profit in 2025.
Paid € 3,954 in corporate taxes since 2022.
Best year ever: 2022, with € 28,411 profit.
Management
Behind TERRAGRO is PIETER HERMAN. It owns 9% of Betowest itself.
Directors
According to the 2025 annual accounts
PIETER HERMAN
Manager
since 2023
Establishments
Establishment units
Physical locations of this company
Zevekotestraat(Aal) 22
8511 Kortrijk
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Shareholders according to the Official Gazette deeds
Who contributed at incorporation and at capital increases, with the deed as source. Later share transfers are not published in the Gazette.
Incorporation
Source: Deed ↗- HERMAN Pieter Roger Albert(oprichter) 85%
- HERMAN Antoon Georges August Marie(eenvoudige inschrijver) 15%
Details
- Company number
- 0870.533.824
- VAT number
- BE 0870.533.824
- Registered office
- Zevekotestraat(Aal) 22, 8511 Kortrijk
- Names & denominations
- TERRAGRO
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 13 December 2004
- Peppol
- Active · Active since 21 Oct 2026
- Activities · NACE
Bouwrijp maken van terreinen
Grondverzet
Bouw van civieltechnische werken voor elektriciteit en telecommunicatie
Bouw van autowegen en andere wegen
Slopen
Slopen van gebouwen
Bouw van autowegen en andere wegen, vliegvelden en sportfaciliteiten
Aanleg van pijpleidingen, telecommunicatieleidingen en hoogspanningsleidingen