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 19 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
Terratec from Herzele, company number BE1001677131, closed financial year 2025 with a result of € 2,804 after tax. For that financial year Terratec recorded a gross margin of € 18,993 and equity of € 19,841. Compared with financial year 2024, the result moved from € 14,037 to € 2,804. The company is profitable. The buffer is growing. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on June 24, 2026.
€ 19,841
▲ 16% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 2,804
▼ 80% vs 2024
Profit after tax over the fiscal year.
€ 11,897
▼ 67% 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 € 16,841.
People and assets in 2025
≈ 1
No payroll staff. One director, so that person most likely runs the business.
€ 11,344
▼ 26% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 36,545
▼ 30% vs 2024
€ 17,836 is repaid this year. At this pace the long-term loan is gone in ≈ 2 years.
€ 43,339
▲ 88% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 3,498
▼ 76% vs 2024
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
| 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|
| Gross margin | € 31,272 | € 18,993 | ▼ 39% |
| Profit after taxes | € 14,037 | € 2,804 | ▼ 80% |
| Equity | € 17,037 | € 19,841 | ▲ 16% |
| Total debts | € 94,034 | € 90,819 | ▼ 3% |
| Cash | € 36,285 | € 11,897 | ▼ 67% |
| Retained profit | € 14,037 | € 16,841 | ▲ 20% |
| Bank debt | € 52,162 | € 36,545 | ▼ 30% |
| Balance sheet total | € 111,071 | € 110,660 |
Key figures of Terratec, fiscal years 2024 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 Terratec?
What happened at Terratec in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 2,804 (▼ 80% vs 2024). Source: NBB ↗
- New establishment in Herzele. KBO
- Start of the company according to the CBE. KBO
In short
From € 14,037 profit in 2024 to € 2,804 profit in 2025.
Paid € 4,066 in corporate taxes since 2024.
Best year ever: 2024, with € 14,037 profit.
Management
Behind Terratec is Pieter Van Overwalle. Pieter Van Overwalle is also behind BE SECURE, VOP GROUP, HOUSE OF STEEL, BVO GROUP and House of Steel Rent.
Directors
According to the 2025 annual accounts
Pieter Van Overwalle
Director
Also active at: BE SECURE, VOP GROUP, HOUSE OF STEEL, BVO GROUP, House of Steel Rent, Modular Building Group
Establishments
Establishment units
Physical locations of this company
Ketegemstraat 11
9552 Herzele
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 3 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
- 1001.677.131
- VAT number
- BE 1001.677.131
- Registered office
- Ketegemstraat 11, 9552 Herzele
- Names & denominations
- Terratec
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 26 October 2023
- Peppol
- Active · Active since 21 Oct 2026
- Contact
- terratec.be [email protected]
- Activities · NACE
Bouwrijp maken van terreinen
Landschapsverzorging
Algemene bouw van residentiële gebouwen
Bouw van rioleringen
Overige gespecialiseerde bouwactiviteiten, neg
Algemene reiniging van gebouwen
Overige gespecialiseerde bouwwerkzaamheden