ACTIVE

TERRA2

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Financial year 2025 · Closed on 31/12/2025

Net result196,3 k €+578,1 %over 1 year
Revenue11,4 M €+6,6 %over 1 year
Equity44,1 M €+0,4 %over 1 year
Workforce2,9 ETP-9,4 %over 1 year

Identity

Source · BCE/KBO

TERRA2 is a Public limited company incorporated in 1991. Its main activity is: Construction of buildings. Its registered office is in Kortemark. It employs on average 2,9 ETP workers (FTE).

Legal situation
Normal situation
BCE/KBO no. / VAT
BE 0445.949.778
Incorporation
06/12/1991
Legal form
Public limited company
Registered office
Den Triangel 2
8610 Kortemark · FlandreSee on map
Contributed capital
1 108 000,00 €
Latest accounts
31/12/2025
Average workforce
2,9 ETP
Joint committees (3)
  • 124
  • 200
  • 218
Signals
ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debtsHigh revenue

Financials

Source · NBB, 22 filings

Trend over 20 financial years

20252024202320222021
Income statement
Revenue11,4 M €10,7 M €9 M €13,6 M €15,3 M €
EBITDA1,3 M €1,3 M €1 M €2 M €2,2 M €
Operating result1,2 M €1,3 M €977,2 k €2 M €2,2 M €
Net result196,3 k €28,9 k €343,5 k €15,7 M €1,1 M €
Balance sheet
Equity44,1 M €43,9 M €43,8 M €43,5 M €28,6 M €
Total assets99 M €104,3 M €89,6 M €72,8 M €52,9 M €
Cash192,8 k €529,5 k €888,1 k €305,2 k €2,4 M €
Debts54,5 M €59,9 M €45,6 M €29,1 M €24 M €
Other
Workforce2,9 ETP3,2 ETP6,8 ETP6,4 ETP2,6 ETP

Valuation

Indicative valuation

As an indication, this company is worth

between 0 € and 100 k€
See the valuation

Board of directors

Source · NBB, accounts to 31/12/2025

1 active · 18 ended

Active mandates

De Beide Vlaanderen

Director · since 16 juillet 2021 · 0405.489.197

Represented by Wim Verhaeghe

Active

Ended mandates

De Beide Vlaanderen

Managing director · since 16 juillet 2021 · 0405.489.197

Represented by Wim Verhaeghe

Ended
De Beide Vlaanderen

Managing director · since 01 octobre 2017 · until 25 mai 2023 · 0405.489.197

Represented by Wim Verhaeghe

Ended
De Beide Vlaanderen

Managing director · since 01 octobre 2017 · until 25 mai 2023 · 0405.489.197

Represented by Wim Verhaeghe

Ended
Bart VERHAEGHE

Director · since 14 septembre 2016 · until 01 décembre 2016

Ended

Other companies at this address

Den Triangel 2 8610 Kortemark
CompanyCBE no.
De Beide Vlaanderen● Active
0405.489.197
HYBOMA● Active
0878.202.861
KLARIBO● Active
0425.023.019
LEFFINGE LAND● Active
1008.603.525
Lenda● Active
1015.153.401
NIEUW LEFFINGE● Active
1008.603.327
STATIEHUIS● Active
0445.949.976
VLASMEERS²● Active
0448.356.269
WOLVELD²● Active
0405.598.174
ZEE & POLDER● Active
0875.637.806

Full financial information

Source · NBB
202520242023202220212020
Type of accountFull modelFull modelFull modelFull modelFull modelFull model
Start of the financial year01/01/202501/01/202401/01/202301/01/202201/01/202101/01/2020
Closing of the financial year31/12/202531/12/202431/12/202331/12/202231/12/202131/12/2020
Length of the financial year12 months12 months12 months12 months12 months12 months
Filing date04/06/202618/06/202517/06/202413/06/202314/06/202203/06/2021
General meeting28/05/202622/05/202523/05/202425/05/202327/05/202227/05/2021
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls

Financial ratios

Source · NBB

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Annual accounts filings

Source · NBB, 22 filings
ModelClosingGeneral meetingFiledLanguageDocument
Full model31/12/202528/05/202604/06/2026DutchPDF
Full model31/12/202422/05/202518/06/2025DutchPDF
Full model31/12/202323/05/202417/06/2024DutchPDF
Full model31/12/202225/05/202313/06/2023DutchPDF
Full model31/12/202127/05/202214/06/2022DutchPDF
Full model31/12/202027/05/202103/06/2021DutchPDF
Full model31/12/201928/05/202012/06/2020DutchPDF
Full modelCorrection31/12/201825/04/201928/10/2019DutchPDF
Full model31/12/201825/04/201927/05/2019DutchPDF
Full modelCorrection31/12/201726/04/201812/04/2019DutchPDF
Full model31/12/201726/04/201805/06/2018DutchPDF
Full model31/12/201627/04/201721/06/2017DutchPDF
Full model31/12/201528/04/201611/05/2016DutchPDF
Full model31/12/201423/04/201505/05/2015DutchPDF
Full model31/12/201324/04/201415/05/2014DutchPDF
Full model31/12/201225/04/201307/05/2013DutchPDF
Full model31/12/201124/05/201218/06/2012DutchPDF
Full model31/12/201026/05/201130/05/2011DutchPDF
Full model31/12/200927/05/201025/06/2010DutchPDF
Full model31/12/200828/05/200917/06/2009DutchPDF
Full model31/12/200730/06/200811/08/2008DutchPDF
Full model31/12/200630/06/200717/07/2007DutchPDF

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 0 € and 100 k€

The detail comes with the Business plan: low and high bounds, the valuation bridge for each financial year, transaction multiples by sector and size, group valuation and exports.

Discover the Business plan
Disclaimer

Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.

Board of directors

Source · NBB, accounts to 31/12/2025

1 active · 18 ended

Active mandates

De Beide Vlaanderen

Director · since 16 juillet 2021 · 0405.489.197

Represented by Wim Verhaeghe

Active

Ended mandates

De Beide Vlaanderen

Managing director · since 16 juillet 2021 · 0405.489.197

Represented by Wim Verhaeghe

Ended
De Beide Vlaanderen

Managing director · since 01 octobre 2017 · until 25 mai 2023 · 0405.489.197

Represented by Wim Verhaeghe

Ended
De Beide Vlaanderen

Managing director · since 01 octobre 2017 · until 25 mai 2023 · 0405.489.197

Represented by Wim Verhaeghe

Ended
Bart VERHAEGHE

Director · since 14 septembre 2016 · until 01 décembre 2016

Ended

Ownership and network

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Try for 7 days

Belgian Official Gazette publications

Source · Belgian Official Gazette
  • Mandates04/07/2024
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates04/11/2021
    STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …) - ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates10/06/2021
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Registered office09/12/2020
    MAATSCHAPPELIJKE ZETEL
    PDF
  • Mandates06/06/2019
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates14/12/2017
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates14/04/2017
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates21/10/2016
    DOEL - ONTSLAGEN - BENOEMINGEN
    PDF

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

Timeline

  1. 2025
    Annual accounts 2025196,3 k €↑
  2. 2024
    Annual accounts 202428,9 k €↓
  3. 23/05/2024
    reconductionNV CALLENS VANDELANOTTE — commissaris
  4. 23/05/2024
    nominationNikolas Vandelanotte — vertegenwoordiger
  5. 2023
    Annual accounts 2023343,5 k €↓
  6. 2022
    Annual accounts 202215,7 M €↑
  7. 2021
    Annual accounts 20211,1 M €↑
  8. 2020
    Annual accounts 20205,7 k €↓
  9. 2019
    Annual accounts 20191,6 M €↑
  10. 2018
    Annual accounts 2018784,8 k €↓
  11. 2017
    Annual accounts 20171,1 M €↓
  12. 2016
    Annual accounts 20162,9 M €↑
  13. 2015
    Annual accounts 20152,1 M €↑
  14. 2014
    Annual accounts 20141,9 M €↑
  15. 2013
    Annual accounts 20131,3 M €↓
  16. 2012
    Annual accounts 20122,5 M €↓
  17. 2011
    Annual accounts 20113,8 M €↑
  18. 2010
    Annual accounts 20102 M €↑
  19. 2009
    Annual accounts 20091,5 M €↑
  20. 2008
    Annual accounts 20081,1 M €↑
  21. 2007
    Annual accounts 20071,1 M €↑
  22. 2006
    Annual accounts 200694,5 k €
  23. 06/12/1991
    IncorporationPublic limited company