ACTIVE

TerUsus

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Financial year 2025 · closed on 31/12/2025

Net result

568,3 k €

-34.6% YoY

Gross margin

3 M €

-0.2% YoY

Equity

2,8 M €

+25.9% YoY

Workforce

23,2 ETP

+11.5% YoY

What does TerUsus do?

TerUsus is a Private limited company incorporated in 2009. Its main activity is: Construction of utility projects for electricity and telecommunications. Its registered office is in Zaventem. It employs on average 23,2 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0809.038.990

Incorporation

13/01/2009

Legal form

Private limited company

Registered office

Minervastraat 18
1930 Zaventem · FlandreSee on map

Contributed capital

75 000,00 €

Latest accounts

31/12/2025

Average workforce

23,2 ETP

Activities (NACE)

42220Construction of utility projects for electricity and telecommunications· main 42220Construction of utility projects for electricity and telecommunications 62010Computer programming activities 62100Computer programming, consultancy and related activities 61100Wired telecommunications activities 61100Wired telecommunications activities+3

Joint committees (1)

Contacts

1 public detail availableLog in to view

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

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Health score

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✦ Verdict · Analyst summary

Financials

Trend over 17 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009
Income statement
Gross margin	3 M €	-0.2%	3 M €	+5.9%	2,8 M €	+80.8%	1,6 M €	+25.6%	1,2 M €	-0.9%	1,3 M €	-11.5%	1,4 M €	+47.3%	966,3 k €	-29.8%	1,4 M €	+89.6%	726,1 k €	-19.3%	899,3 k €	+7.6%	835,6 k €	+15.6%	722,9 k €	+31.2%	551 k €	+10.0%	501,1 k €	+182%	177,5 k €	+230%	-136,4 k €
EBITDA	1,1 M €	-27.0%	1,4 M €	+2.7%	1,4 M €	+370%	300 k €	+25.6%	238,8 k €	-1.5%	242,4 k €	-0.1%	242,6 k €	+183%	-291,2 k €	-313%	136,8 k €	+346%	-55,7 k €	-131%	180,3 k €	-14.6%	211,2 k €	+174%	77,2 k €	+306%	-37,5 k €	-140%	93,1 k €	+479%	16,1 k €	+111%	-146,1 k €
Operating result	997,7 k €	-27.9%	1,4 M €	+2.4%	1,4 M €	+440%	250,4 k €	+23.7%	202,4 k €	-1.9%	206,3 k €	-7.0%	221,8 k €	+171%	-312 k €	-352%	123,8 k €	+296%	-63,3 k €	-136%	173,9 k €	-15.5%	205,8 k €	+183%	72,7 k €	+276%	-41,2 k €	-146%	89,4 k €	+624%	12,3 k €	+108%	-148,8 k €
Net result	568,3 k €	-34.6%	869 k €	-2.3%	889,9 k €	+492%	150,3 k €	+25.8%	119,5 k €	-2.7%	122,9 k €	-38.5%	199,7 k €	+156%	-358,2 k €	-808%	50,6 k €	+170%	-72 k €	-173%	98,1 k €	-16.3%	117,2 k €	+160%	45,1 k €	+191%	-49,7 k €	-160%	82,5 k €	+1244%	6,1 k €	+104%	-153,4 k €
Balance sheet
Equity	2,8 M €	+25.9%	2,2 M €	+65.6%	1,3 M €	+205%	433,9 k €	+53.0%	283,6 k €	+72.8%	164,1 k €	+298%	41,2 k €	+126%	-158,5 k €	-179%	199,6 k €	+33.9%	149,1 k €	-32.6%	221,1 k €	+79.8%	123 k €	+2043%	5,7 k €	+115%	-39,4 k €	-483%	10,3 k €	+114%	-72,3 k €	+9.3%	-79,7 k €
Total assets	6,1 M €	+3.0%	5,9 M €	+41.7%	4,2 M €	+138%	1,7 M €	+76.8%	989,2 k €	+13.4%	872 k €	+10.2%	791,6 k €	-4.5%	828,5 k €	-32.7%	1,2 M €	+29.6%	950,3 k €	+31.9%	720,4 k €	-24.3%	951,4 k €	+85.4%	513,2 k €	+32.0%	388,9 k €	+47.8%	263,2 k €	+166%	99 k €	+31.1%	75,5 k €
Cash	838,2 k €	+3805%	21,5 k €	-81.7%	117,2 k €	+186%	41 k €	-68.6%	130,8 k €	+92.9%	67,8 k €	-29.3%	95,9 k €	+615%	13,4 k €	-94.1%	229,3 k €	+25.2%	183,2 k €	+640%	24,7 k €	+356%	5,4 k €		–		–		–		8,3 k €	+443%	1,5 k €
Debts	3,3 M €	-10.6%	3,7 M €	+30.6%	2,8 M €	+116%	1,3 M €	+86.4%	705,6 k €	-0.3%	707,9 k €	-5.7%	750,4 k €	-24.0%	987 k €	-4.3%	1 M €	+28.8%	801,2 k €	+60.4%	499,3 k €	-39.7%	827,7 k €	+63.1%	507,4 k €	+18.7%	427,6 k €	+69.1%	252,9 k €	+47.7%	171,2 k €	+10.3%	155,2 k €
Other
Workforce	23,2 ETP	+11.5%	20,8 ETP		–		16,4 ETP	+17.1%	14,0 ETP	-2.1%	14,3 ETP	-13.9%	16,6 ETP	-15.3%	19,6 ETP	-2.5%	20,1 ETP	+55.8%	12,9 ETP	+26.5%	10,2 ETP	-1.0%	10,3 ETP	+2.0%	10,1 ETP	+3.1%	9,8 ETP	-100.0%	289 506,0 ETP	+159%	111 954,0 ETP		–

Estimate

Indicative valuation

As an indication, this company is worth

between 5 M€ and 10 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 5 active · 8 ended

Active mandates

ARGHOS

Administrator - manager · since 26 février 2025 · 0881.029.224

Represented by LAURENT POOT

Active

DAMIEN LEONARD

Administrator - manager · since 26 février 2025

Active

Luis Filipe MONTEIRO MARQUES

Administrator - manager · since 26 février 2025

Active

PAULO ALEXANDRE DUARTE

Administrator - manager · since 26 février 2025

Active

Xpertz

Administrator - manager · since 26 février 2025 · 0809.931.588

Represented by OLIVIER TRONCHE

Active

Ended mandates

ARGHOS

Mandate · since 13 janvier 2009 · 0881.029.224

Represented by LAURENT POOT

Ended

OLIVIER TRONCHE

Mandate · since 13 janvier 2009

Ended

OLIVIER TRONCHE

Director · since 13 janvier 2009

Ended

LAURENT POOT

Mandate

Ended

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model
Start of the financial year	01/01/2025	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020
Closing of the financial year	31/12/2025	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	31/08/2026	28/08/2025	21/06/2024	30/06/2023	23/06/2022	22/06/2021
General meeting	26/06/2026	21/06/2025	21/06/2024	23/06/2023	03/06/2022	04/06/2021
Currency of the financial year	EUR	EUR	EUR	EUR	EUR	EUR
NBB quality label	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls

Ratios

Financial ratios

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Filings

Annual accounts filings

17 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	26/06/2026	31/08/2026	Dutch	PDF
Abridged model	31/12/2024	21/06/2025	28/08/2025	Dutch	PDF
Abridged model	31/12/2023	21/06/2024	21/06/2024	Dutch	PDF
Abridged model	31/12/2022	23/06/2023	30/06/2023	Dutch	PDF
Abridged model	31/12/2021	03/06/2022	23/06/2022	Dutch	PDF
Abridged model	31/12/2020	04/06/2021	22/06/2021	Dutch	PDF
Abridged model	31/12/2019	17/04/2020	18/05/2020	Dutch	PDF
Abridged model	31/12/2018	30/06/2019	30/07/2019	Dutch	PDF
Abridged model	31/12/2017	01/06/2018	12/06/2018	Dutch	PDF
Abridged model	31/12/2016	26/05/2017	13/06/2017	Dutch	PDF
Abridged model	31/12/2015	15/04/2016	31/05/2016	Dutch	PDF
Abridged model	31/12/2014	27/03/2015	15/06/2015	Dutch	PDF
Abridged model	31/12/2013	20/06/2014	01/07/2014	Dutch	PDF
Abridged model	31/12/2012	21/06/2013	19/07/2013	Dutch	PDF
Abridged model	31/12/2011	17/02/2012	28/02/2012	Dutch	PDF
Abridged model	31/12/2010	22/06/2011	28/06/2011	Dutch	PDF
Abridged model	31/12/2009	11/06/2010	18/06/2010	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 5 M€ and 10 M€

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.

Governance

Board of directors

Seen on filing of 31/12/2025 · 5 active · 8 ended

Active mandates

ARGHOS

Administrator - manager · since 26 février 2025 · 0881.029.224

Represented by LAURENT POOT

Active

DAMIEN LEONARD

Administrator - manager · since 26 février 2025

Active

Luis Filipe MONTEIRO MARQUES

Administrator - manager · since 26 février 2025

Active

PAULO ALEXANDRE DUARTE

Administrator - manager · since 26 février 2025

Active

Xpertz

Administrator - manager · since 26 février 2025 · 0809.931.588

Represented by OLIVIER TRONCHE

Active

Ended mandates

ARGHOS

Mandate · since 13 janvier 2009 · 0881.029.224

Represented by LAURENT POOT

Ended

OLIVIER TRONCHE

Mandate · since 13 janvier 2009

Ended

OLIVIER TRONCHE

Director · since 13 janvier 2009

Ended

LAURENT POOT

Mandate

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates05/03/2025
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - ONTSLAGEN - BENOEMINGEN
PDF
Mandates14/12/2023
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM - ONTSLAGEN - BENOEMINGEN
PDF
Registered office29/01/2018
MAATSCHAPPELIJKE ZETEL
PDF
Mandates06/07/2015
ONTSLAGEN - BENOEMINGEN
PDF
Mandates10/05/2010
ONTSLAGEN - BENOEMINGEN
PDF
Other15/01/2009
RUBRIEK OPRICHTING (NIEUWE RECHTSPERSOON, OPENING BIJKANTOOR, ENZ...)
PDF

Source: Belgian Official Gazette

Competition

Similar companies

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

See the Business plan

2025
Annual accounts 2025568,3 k €↓
2024
Annual accounts 2024869 k €↓
2023
Annual accounts 2023889,9 k €↑
2022
Annual accounts 2022150,3 k €↑
2021
Annual accounts 2021119,5 k €↓
2020
Annual accounts 2020122,9 k €↓
2019
Annual accounts 2019199,7 k €↑
2018
Annual accounts 2018-358,2 k €↓
2017
Annual accounts 201750,6 k €↑
2016
Annual accounts 2016-72 k €↓
2015
Annual accounts 201598,1 k €↓
2014
Annual accounts 2014117,2 k €↑
2013
Annual accounts 201345,1 k €↑
2012
Annual accounts 2012-49,7 k €↓
2011
Annual accounts 201182,5 k €↑
2010
Annual accounts 20106,1 k €↑
2009
Annual accounts 2009-153,4 k €
13/01/2009
IncorporationPrivate limited company

10/15	1 240 000	1 180 000	1 050 000
70	8 630 000	8 120 000	7 940 000
9904	412 000	388 000	301 000
17/49	2 970 000	3 140 000	3 380 000
9087	24,3	23,1	21,8

TerUsus

Overview

What does TerUsus do?

Trend over 17 financial years

Indicative valuation

Board of directors

Financials

Full financial information

Financial ratios

Annual accounts filings

Valuation

Indicative valuation

Directors & structure

Board of directors

Ownership and network

Publications

Belgian Official Gazette publications

Similar companies

Similar companies

Timeline