OPENING OF BANKRUPTCY

TERRAGAME

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Financial year 2023 · closed on 31/12/2023

Net result

-7,7 k €

-106.3% YoY

Gross margin

342,8 k €

-21.2% YoY

Equity

-299,2 k €

-2.6% YoY

Workforce

7,3 ETP

+9.0% YoY

Company — Opening of bankruptcy.

What does TERRAGAME do?

TERRAGAME is a Private limited company incorporated in 2009. Its main activity is: Web portals. Its registered office is in Jemeppe-sur-Sambre. It employs on average 7,3 ETP workers (FTE).

Legal situation

● Opening of bankruptcy

BCE/KBO no. / VAT

BE 0817.234.995

Incorporation

20/07/2009

Legal form

Private limited company

Registered office

Route de Saussin,Spy 45
5190 Jemeppe-sur-Sambre · WallonieSee on map

Contributed capital

6 200,00 €

Latest accounts

31/12/2023

Average workforce

7,3 ETP

Activities (NACE)

63120Web portals· main 63910News agency activities 73110Advertising agencies 73110Advertising agencies

Joint committees (1)

Signals

Positive cashflowPositive EBITDAHealthy social debts

View the BCE/KBO Public Search record →

Health score

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✦ Verdict · Analyst summary

Financials

Trend over 14 financial years

	2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010
Income statement
Gross margin	342,8 k €	-21.2%	435,1 k €	+555%	66,4 k €	+3.1%	64,4 k €	-87.8%	528,3 k €	+76.5%	299,3 k €	+115%	139,1 k €	+1069%	-14,4 k €	-112%	122,8 k €	-70.9%	422,5 k €	+27.2%	332,2 k €	+57.2%	211,3 k €	+855%	22,1 k €	-96.2%	575,8 k €
EBITDA	29,9 k €	-86.4%	220 k €	+326%	-97,4 k €	-25.2%	-77,8 k €	-146%	168,9 k €	+111%	80,2 k €	-31.0%	116,1 k €	+909%	-14,4 k €	-50.1%	-9,6 k €	-103%	366,1 k €	+38.0%	265,3 k €	+50.6%	176,1 k €	+702%	21,9 k €	-96.2%	575,5 k €
Operating result	-1,2 k €	-101%	131,3 k €	+159%	-223,5 k €	-9.2%	-204,7 k €	-625%	39 k €	+454%	-11 k €	-213%	9,8 k €	+150%	-19,5 k €	-76.1%	-11,1 k €	-103%	354,8 k €	+39.7%	253,9 k €	+51.0%	168,2 k €	+830%	18,1 k €	-96.8%	571,8 k €
Net result	-7,7 k €	-106%	120,9 k €	+152%	-231,6 k €	-5.2%	-220,1 k €	-8280%	2,7 k €	+113%	-21,5 k €	-374%	7,8 k €	+143%	-18,1 k €	+5.1%	-19,1 k €	-108%	235,6 k €	+34.6%	175,1 k €	+49.1%	117,4 k €	+1076%	10 k €	-97.4%	381,1 k €
Balance sheet
Equity	-299,2 k €	-2.6%	-291,5 k €	+29.3%	-412,4 k €	-128%	-180,9 k €	-561%	39,3 k €	+7.4%	36,6 k €	-37.0%	58,1 k €	+15.6%	50,2 k €	-26.5%	68,3 k €	-21.8%	87,4 k €	-49.1%	171,8 k €	+6.2%	161,7 k €	+265%	44,3 k €	+29.1%	34,4 k €
Total assets	182,9 k €	-33.5%	275,2 k €	-12.8%	315,4 k €	-9.6%	349,1 k €	-44.1%	625 k €	+22.8%	508,8 k €	+102%	251,4 k €	+380%	52,4 k €	-88.3%	446,7 k €	-23.5%	583,6 k €	-6.8%	626,3 k €	+98.8%	315 k €	+345%	70,8 k €	-88.0%	591,1 k €
Cash	13,6 k €	-83.8%	84,2 k €	+96.5%	42,9 k €	+244%	12,5 k €	-77.8%	56,2 k €	-58.3%	135 k €	+172%	49,7 k €	+1706%	2,8 k €	-93.7%	44 k €	-91.5%	514,8 k €	+83.8%	280 k €	+64.0%	170,7 k €	+453%	30,9 k €	-94.4%	549,1 k €
Debts	482 k €	-14.9%	566,7 k €	-22.1%	727,8 k €	+37.3%	529,9 k €	-7.6%	573,4 k €	+26.4%	453,8 k €	+145%	185,3 k €	+8459%	2,2 k €	-99.4%	378,3 k €	-16.4%	452,5 k €	+65.3%	273,7 k €	+78.6%	153,3 k €	+479%	26,5 k €	-95.2%	556,7 k €
Other
Workforce	7,3 ETP	+9.0%	6,7 ETP	+3.1%	6,5 ETP	-12.2%	7,4 ETP		–		–		–		–		2,0 ETP	+100%	1,0 ETP	-28.6%	1,4 ETP	-6.7%	1,5 ETP		–		–

Governance

Board of directors

Seen on filing of 31/12/2023 · 2 active · 7 ended

Active mandates

Ismael BHIRI

Director

Active

Sophian BHIRI

Director

Active

Ended mandates

TERRAGAME HOLDING

Director · since 19 juillet 2018 · 0700.541.225

Represented by SOPHIAN BHIRI

Ended

TERRAGAME HOLDING

Managing director · since 19 juillet 2018 · 0700.541.225

Represented by SOPHIAN BHIRI

Ended

B.A.D. 21

Director · 0849.021.796

Represented by PIERRE EDWARD STERIN

Ended

ISMAEL BHIRI

Manager

Ended

At this address

Other companies at this address

Company	CBE no.
CHEZ MAGDA● Active	0830.266.748
SPY-D asbl● Active	0642.481.478
SPYDIS● Active	0819.834.991
TERRAGAME CORP● Active	1023.079.685
TERRAGAME HOLDING● Bankrupt	0700.541.225

Annual accounts

Full financial information

	2023	2022	2021	2020	2019	2018
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Micro model	Micro model
Start of the financial year	01/01/2023	01/01/2022	01/01/2021	01/01/2020	01/01/2019	01/01/2018
Closing of the financial year	31/12/2023	31/12/2022	31/12/2021	31/12/2020	31/12/2019	31/12/2018
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	23/07/2024	01/09/2023	08/09/2022	13/08/2021	04/09/2020	29/08/2019
General meeting	25/05/2024	27/05/2023	28/05/2022	29/05/2021	30/05/2020	25/05/2019
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

14 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2023	25/05/2024	23/07/2024	French	PDF
Abridged model	31/12/2022	27/05/2023	01/09/2023	French	PDF
Abridged model	31/12/2021	28/05/2022	08/09/2022	French	PDF
Abridged model	31/12/2020	29/05/2021	13/08/2021	French	PDF
Micro model	31/12/2019	30/05/2020	04/09/2020	French	PDF
Micro model	31/12/2018	25/05/2019	29/08/2019	French	PDF
Abridged model	31/12/2017	26/05/2018	27/09/2018	French	PDF
Abridged model	31/12/2016	27/05/2017	28/09/2017	French	PDF
Abridged model	31/12/2015	28/05/2016	29/09/2016	French	PDF
Abridged model	31/12/2014	30/05/2015	30/07/2015	French	PDF
Abridged model	31/12/2013	31/05/2014	31/08/2014	French	PDF
Abridged model	31/12/2012	25/05/2013	10/08/2013	French	PDF
Abridged model	31/12/2011	26/05/2012	25/08/2012	French	PDF
Abridged model	31/12/2010	28/05/2011	18/08/2011	French	PDF

Estimate

Indicative valuation

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 31/12/2023 · 2 active · 7 ended

Active mandates

Ismael BHIRI

Director

Active

Sophian BHIRI

Director

Active

Ended mandates

TERRAGAME HOLDING

Director · since 19 juillet 2018 · 0700.541.225

Represented by SOPHIAN BHIRI

Ended

TERRAGAME HOLDING

Managing director · since 19 juillet 2018 · 0700.541.225

Represented by SOPHIAN BHIRI

Ended

B.A.D. 21

Director · 0849.021.796

Represented by PIERRE EDWARD STERIN

Ended

ISMAEL BHIRI

Manager

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates18/01/2024
MODIFICATION FORME JURIDIQUE - SIEGE SOCIAL - DEMISSIONS, NOMINATIONS
PDF
Mandates24/08/2017
DENOMINATION - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
PDF
Registered office13/06/2013
SIEGE SOCIAL
PDF
Other31/07/2009
RUBRIQUE CONSTITUTION (NOUVELLE PERSONNE MORALE, OUVERTURE SUCCURSALE, ETC...)
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

2023
Annual accounts 2023-7,7 k €↓
2022
Annual accounts 2022120,9 k €↑
2021
Annual accounts 2021-231,6 k €↓
2020
Annual accounts 2020-220,1 k €↓
2019
Annual accounts 20192,7 k €↑
2018
Annual accounts 2018-21,5 k €↓
2017
Annual accounts 20177,8 k €↑
2016
Annual accounts 2016-18,1 k €↑
2016
Name changeTERRAGAME
2015
Annual accounts 2015-19,1 k €↓
2014
Annual accounts 2014235,6 k €↑
2013
Annual accounts 2013175,1 k €↑
2012
Annual accounts 2012117,4 k €↑
2011
Annual accounts 201110 k €↓
2010
Annual accounts 2010381,1 k €
2010
Name changeHAWKS
20/07/2009
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

TERRAGAME

Overview

What does TERRAGAME do?

Trend over 14 financial years

Board of directors

Other companies at this address

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