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 62 % of short-term debt in 2025; threshold 65 %.
-
Busy address KBO
19 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2025
TERRA COSA from Oostende, company number BE0881076239, closed financial year 2025 with a result of € 6,143 after tax. For that financial year TERRA COSA recorded a gross margin of € 136,832 and equity of € 78,930. Compared with financial year 2024, the result moved from € 9,024 to € 6,143. 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 July 15, 2026.
€ 78,930
▲ 8% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 6,143
▼ 32% vs 2024
Profit after tax over the fiscal year.
€ 539
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2025. Retained profit grew to € 17,430.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
€ 1.6 million
▲ 52% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 7,457
▲ 44% 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 | € 110,630 | € 121,847 | € 33,436 | € 136,832 | ▲ € 103,396 |
| Profit after taxes | € 31,935 | € 59,160 | € 9,024 | € 6,143 | ▼ 32% |
| Equity | € 209,604 | € 268,763 | € 72,787 | € 78,930 | ▲ 8% |
| Total debts | € 1,387,552 | € 1,668,477 | € 1,311,586 | € 1,637,205 | ▲ 25% |
| Cash | - | - | - | € 539 | |
| Land & buildings | € 103,178 | € 72,325 | € 46,942 | € 25,194 | ▼ 46% |
| Retained profit | € 148,104 | € 207,263 | € 11,287 | € 17,430 | ▲ 54% |
| Dividend | € 0 | € 0 | € 205,000 | € 0 | ▼ 100% |
| Balance sheet total | € 1,597,156 | € 1,937,240 | € 1,384,373 | € 1,716,135 | ▲ 24% |
Key figures of TERRA COSA, 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 TERRA COSA?
What happened at TERRA COSA in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- VERHELST GROUP BV stepped down as director. NBB
- New annual accounts for financial year 2025: profit of € 6,143 (▼ 32% vs 2024). Source: NBB ↗
- GeMa-Con BV stepped down as director. NBB
- Renong BV stepped down as director. NBB
- VERHELST GROUP BV became a director. NBB
- GeMa-Con BV became a director. NBB
- Renong BV became a director. NBB
- New establishment in Gistel. KBO
In short
From € 31,935 profit in 2022 to € 6,143 profit in 2025.
Paid € 10,452 in corporate taxes since 2022.
Best year ever: 2023, with € 59,160 profit.
Paid out € 205,000 in dividends to the owners in total.
Management
The stake of Top-Mix comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
TERRA COSAThe shares are held by Top-Mix (100%).
Directors
According to the 2025 annual accounts
since 2020 · until 2026
Director · represented by Dries Devroe
Also active at: VERHELST AANNEMINGEN, Top-Mix, Transport Janssens, EUROPEAN PORT SERVICES, EUROPEAN PORT SERVICES, IMMO ASFALT, VERHELST SERVICES
since 2020 · until 2026
Managing director · represented by Johan VERHELST
Also active at: VERHELST AANNEMINGEN, Steenbakkerij van Snaaskerke, Top-Mix, Transport Janssens, Verhelst Immo, EUROPEAN PORT SERVICES, OPC EUROPE, DE WITTE-VANDECAVEYE +11 more
since 2024 · until 2030
Shareholders
100%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Oudenburgsesteenweg 106
8400 Oostende
Steenovenstraat Z/N
8470 Gistel
Active since 1 June 2006
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 19 companies are registered at this address.
All companies at this address →VERHELST AANNEMINGEN same network
€ 87.7 million revenue · 2025
Top-Mix same network
€ 34.3 million revenue · 2024
Transport Janssens same network
€ 3.8 million gross margin · 2025
Verhelst Immo same network
€ 1.3 million revenue · 2025
BALEGRO
€ 2.1 million gross margin · 2025
+14 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
- 0881.076.239
- VAT number
- BE 0881.076.239
- Registered office
- Oudenburgsesteenweg 106, 8400 Oostende
- Names & denominations
- TERRA COSA
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 21 April 2006
- Peppol
- Active · Active since 25 Jun 2025
- Activities · NACE
Andere afvalverwijdering
Verzamelen, storten en verwerken van huisvuil, industrieel afval, landbouwafval en bouw- en sloopafval
Overige verwerking en verwijdering van ongevaarlijk afval
Overige winning van delfstoffen, neg
Winning van sier- en bouwsteen
Storten of permanent opslaan
Winning van zand
Winning van grind
+4