Financials
Financial year 2025
TERRIZON from Kortrijk, company number BE0885960287, closed financial year 2025 with a result of € -1.5 million after tax. For that financial year TERRIZON recorded a gross margin of € 929,696 and equity of € 20.5 million. Compared with financial year 2023, the result moved from € 124,843 to € -1.5 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 April 27, 2026.
€ 20.5 million
▼ 7% vs 2023
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -1.5 million
▼ still € 124,843 profit in 2023
Profit after tax over the fiscal year.
€ 86,305
▼ 79% vs 2023
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € 13.9 million.
People and assets in 2025
€ 17,166
▼ 68% vs 2023
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 3.1 million
▼ 16% vs 2023
€ 465,722 is repaid this year. At this pace the long-term loan is gone in ≈ 6 years.
€ 191,073
▲ 170% vs 2023
Supplier invoices still open on the last day of the fiscal year.
€ 18,013
▲ € 14,010 vs 2023
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
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| 2021 | 2022 | 2023 | 2025 | Change 2023 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 1,333,813 | € 521,605 | € 289,926 | € 929,696 | ▲ 221% |
| Profit after taxes | € 362,074 | € 63,143 | € 124,843 | € -1,525,351 | ▼ € 1.7 million |
| Equity | € 21,872,941 | € 21,936,084 | € 22,060,927 | € 20,535,576 | ▼ 7% |
| Total debts | € 2,424,453 | € 2,028,936 | € 4,074,427 | € 3,818,368 | ▼ 6% |
| Cash | € 860,368 | € 450,499 | € 420,883 | € 86,305 | ▼ 79% |
| Land & buildings | € 3,175,540 | € 3,108,514 | € 3,041,488 | € 2,955,825 | ▼ 3% |
| Retained profit | € 15,272,207 | € 15,335,350 | € 15,460,193 | € 13,934,842 | ▼ 10% |
| Dividend | € 666,667 | € 0 | € 0 | € 0 | |
| Bank debt | € 1,916,624 | € 1,575,818 | € 3,660,219 | € 3,060,833 | ▼ 16% |
| Balance sheet total | € 24,297,394 | € 23,965,020 | € 26,135,353 | € 24,353,944 | ▼ 7% |
Key figures of TERRIZON, fiscal years 2021 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 30 April 2027.
What happened to TERRIZON?
What happened at TERRIZON in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Caroline Despriet stepped down as director. NBB
- Laurades BV stepped down as director. NBB
- New annual accounts for financial year 2025: loss of € 1.5 million (▼ € 1.7 million vs 2023). Source: NBB ↗
- Carine Stadsbader stepped down as director. NBB
- Laurades BV became a director. NBB
- Carine Stadsbader became a director. NBB
- Caroline Despriet became a director. NBB
- New establishment in Kortrijk. KBO
In short
From € 362,074 profit in 2021 to € 1.5 million loss in 2025.
Paid € 8,791 in corporate taxes since 2021.
Best year ever: 2021, with € 362,074 profit.
Paid out € 666,667 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
It owns 60% of Imstad, 30% of Jan Turpin Invest and 30% of Jan Turpin Construct itself.
Directors
According to the 2025 annual accounts
Carine Stadsbader
Managing director
Also active at: Imstad, KUSTSTADBOUWBEDRIJF, TOPAZE, DUINENVELD, DE POORTERIJ, BROUWERSHOF, JAN TURPIN CONSTRUCT, JAN TURPIN INVEST +1 more
since 2023 · until 2025
Caroline Despriet
Managing director
Also active at: DEDEYNE CONSTRUCT, DEDEYNE ENGINEERING, GTE INVEST, PATERSVAT VASTGOED, BOUWKANTOOR GUIDO DEDEYNE
since 2023 · until 2029
Managing director · represented by Laurence Despriet
since 2024 · until 2029
Establishments
Establishment units
Physical locations of this company
Hoog Mosscher(Kor) 81 box 5
8500 Kortrijk
Loofstraat(Kor) 64
8500 Kortrijk
Active since 27 December 2006
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 1 companies are registered at this address.
All companies at this address →What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0885.960.287
- VAT number
- BE 0885.960.287
- Registered office
- Hoog Mosscher(Kor) 81 bus 5, 8500 Kortrijk
- Names & denominations
- TERRIZON
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 27 December 2006
- Peppol
- Active · Active since 27 Mar 2026
- Activities · NACE
Ontwikkeling van residentiële bouwprojecten
Projectontwikkeling voor woningbouw
Activiteiten van adviesbureaus op het gebied van bedrijfsvoering en overig managementadvies
Verhuur en exploitatie van eigen of geleased residentieel onroerend goed, exclusief sociale woningen
Ontwikkeling van niet-residentiële bouwprojecten
Overige adviesbureaus op het gebied van bedrijfsvoering en beheer
Projectontwikkeling voor kantoorbouw
Overige adviesbureaus op het gebied van bedrijfsbeheer; adviesbureaus op het gebied van bedrijfsvoering