Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Two loss years in a row NBB
Negative result in 2024 and 2025.
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Tight liquidity NBB
Cash and receivables cover 27 % of short-term debt in 2025; threshold 65 %.
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Shrinking team NBB
FTE fell two years in a row, from 5.1 to 4.4.
Financials
Financial year 2025
ETABLISSEMENTS TERWAGNE from Ciney, company number BE0882449184, closed financial year 2025 with a result of € -94,776 after tax. For that financial year ETABLISSEMENTS TERWAGNE recorded revenue of € 2.4 million and equity of € 324,550. Compared with financial year 2024, the result moved from € -867,506 to € -94,776. The company made a loss. The company holds a healthy buffer. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on August 22, 2026.
€ 324,550
▼ 23% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -94,776
▲ 89 % less loss than in 2024
Profit after tax over the fiscal year.
€ 77,524
▼ 1% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -512,219.
People and assets in 2025
4.4
▼ 0.4 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 198,852
▼ 7% vs 2024
€ 45,200 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.
€ 40,342
▼ 43% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 997,749
▼ 8% vs 2024
€ 130,514 is repaid this year. At this pace the long-term loan is gone in ≈ 7 years.
€ 349,046
▲ 11% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 91,590
▲ 9% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | - | - | - | € 2,425,298 | |
| Gross margin | € 355,439 | € 399,589 | € 197,223 | € 280,984 | ▲ 42% |
| Profit after taxes | € 16,620 | € 6,225 | € -867,506 | € -94,776 | ▲ € 772,731 |
| Equity | € 530,835 | € 537,061 | € 419,326 | € 324,550 | ▼ 23% |
| Total debts | € 1,352,333 | € 1,520,335 | € 1,486,746 | € 1,442,554 | ▼ 3% |
| Cash | € 119,592 | € 91,521 | € 78,529 | € 77,524 | ▼ 1% |
| Land & buildings | € 26,644 | € 41,228 | € 774,938 | € 744,950 | ▼ 4% |
| Retained profit | € 380,835 | € 387,061 | € -450,819 | € -512,219 | ▼ € 61,400 |
| Bank debt | € 544,209 | € 873,197 | € 1,079,324 | € 997,749 | ▼ 8% |
| Balance sheet total | € 1,883,168 | € 2,057,395 | € 1,906,073 | € 1,767,105 | ▼ 7% |
| Employees (FTE) | - | 5.1 | 4.8 | 4.4 | ▼ 0.4 |
Key figures of ETABLISSEMENTS TERWAGNE, 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 ETABLISSEMENTS TERWAGNE?
What happened at ETABLISSEMENTS TERWAGNE in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 94,776. filed late Source: NBB ↗
- Start of the company according to the CBE. KBO
- New establishment in Ciney. KBO
In short
From € 16,620 profit in 2022 to € 94,776 loss in 2025.
Paid € 19,144 in corporate taxes since 2022.
Best year ever: 2022, with € 16,620 profit.
On average € 63,900 of value added per employee in 2025.
A new publication or filing at ETABLISSEMENTS TERWAGNE? We notify you, reason included.
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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
Establishments
Establishment units
Physical locations of this company
Allée des Abattoirs 15
5590 Ciney
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Website
Technologies
Certifications & Partners
Hosting & Email
Email provider
Self-hosted
Hosting
CBLUE-AS, BE
Domain
Domain
terwagne-elevage.com
Registered
2023-07-13
Registrar
OVH, SAS
Expires
2026-07-13
Website info
Features
Security
Details
- Company number
- 0882.449.184
- VAT number
- BE 0882.449.184
- Registered office
- Allée des Abattoirs 15, 5590 Ciney
- Names & denominations
- ETABLISSEMENTS TERWAGNE · Ets TERWAGNE
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 11 July 2006
- Peppol
- Active · Active since 10 Oct 2025
- Contact
- terwagne-elevage.com
- Activities · NACE
Groothandel in machines, werktuigen en toebehoren voor de landbouw
Overige zakelijke dienstverlening, n.e.g.
Overige zakelijke dienstverlening, neg