ACTIVE

TERRANOVA SOLAR

Financial year 2025 · Closed on 31/12/2025

Net result2,1 M €+61,0 %over 1 year

Gross margin5,2 M €+16,6 %over 1 year

Equity7,9 M €+23,4 %over 1 year

Identity

Source · BCE/KBO

TERRANOVA SOLAR is a Public limited company incorporated in 2012. Its main activity is: Production of electricity. Its registered office is in Stabroek.

Legal situation: Normal situation
BCE/KBO no. / VAT: BE 0843.770.435
Incorporation: 14/02/2012
Legal form: Public limited company
Registered office: Laageind 91
2940 Stabroek · FlandreSee on map
Contributed capital: 5 555 600,00 €
Latest accounts: 31/12/2025

Activities (NACE)

35110Production of electricity· main 35110Production of electricity 35120Transmission of electricity

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA

Financials

Source · NBB, 13 filings

Trend over 13 financial years

	2025		2024		2023		2022		2021
Income statement
Gross margin	5,2 M €	+16.6%	4,5 M €	-21.3%	5,7 M €	-37.0%	9 M €	+63.3%	5,5 M €
EBITDA	5 M €	+17.6%	4,2 M €	-20.7%	5,4 M €	-17.9%	6,5 M €	+23.4%	5,3 M €
Operating result	3 M €	+34.3%	2,3 M €	-33.4%	3,4 M €	-26.1%	4,6 M €	+69.5%	2,7 M €
Net result	2,1 M €	+61.0%	1,3 M €	-32.8%	1,9 M €	-32.9%	2,9 M €	+134%	1,2 M €
Balance sheet
Equity	7,9 M €	+23.4%	6,4 M €	+0.9%	6,4 M €	-47.2%	12,1 M €	+31.6%	9,2 M €
Total assets	16,9 M €	-0.2%	17 M €	-19.8%	21,1 M €	-24.6%	28 M €	+5.4%	26,6 M €
Cash	461,2 k €	-16.0%	549,3 k €	+90.4%	288,5 k €	-67.7%	891,9 k €	-71.7%	3,1 M €
Debts	8,1 M €	-15.7%	9,6 M €	-30.5%	13,8 M €	-7.8%	14,9 M €	-8.7%	16,3 M €

Valuation

Indicative valuation

As an indication, this company is worth

between 25 M€ and 50 M€

See the valuation

Board of directors

Source · NBB, accounts to 31/12/2025

7 active · 11 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
An Vervliet	Director03/06/2025 → 03/06/2031
Chloë Van Weynsberghe	Director03/06/2025 → 03/06/2031
Tom Maes	Director30/09/2024 → 06/06/2028
Jan Grommen	Director15/03/2023 → 06/06/2028
Frank De Mulder	Director01/01/2017 → 06/06/2028
Gregorius Aertssen	Director14/02/2012 → 06/06/2028
Walter Wesenbeek	Director14/02/2012 → 06/06/2028

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Alexander Van Heuverswyn	Director01/10/2022 → 2022 accounts
Ivo Pallemans	Director07/06/2022 → 01/10/2022
Johan Maes	Director07/06/2022 → 2023 accounts
Patrick Huyghe	Director07/06/2022 → 2024 accounts

Other companies at this address

Laageind 91 2940 Stabroek

Company	CBE no.
AERTSSEN GROUP● Active	0423.833.976
AERTSSEN INDUSTRIAL SERVICES● Active	0767.544.568
Aertssen Infra● Active	0403.813.275
AERTSSEN LIFTING● Active	0441.175.794
AERTSSEN LOGISTICS● Active	0664.571.843
AERTSSEN SERVICES● Active	0404.322.724
AERTSSEN TRANSPORT● Active	0416.893.726
AVM● Active	1044.816.001
BERAECO● Active	0736.989.964
Beringen Logistics & Terminal● Active	1010.017.844
EYSSELS● Active	0713.700.561
GROEP AERTSSEN● Active	0807.271.612
IMASFIN● Active	0879.156.233
Immo Cordeel-Aertssen● Active	0475.228.437
KLAVERENBOER● Active	0635.825.991
NEWMO● Active	0404.037.563
NEWMO HAREN● Active	0400.379.079
NIEUW TEMSE● Active	0863.448.567
ROLLIT CARGO● Active	0848.690.513
Shipit Terminal● Active	0860.312.497

Full financial information

Source · NBB

	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	22/06/2026	23/06/2025	20/06/2024	04/07/2023	27/06/2022	24/06/2021
General meeting	02/06/2026	03/06/2025	04/06/2024	06/06/2023	07/06/2022	01/06/2021
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

Financial ratios

Source · NBB

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Annual accounts filings

Source · NBB, 13 filings

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	02/06/2026	22/06/2026	Dutch	PDF
Abridged model	31/12/2024	03/06/2025	23/06/2025	Dutch	PDF
Abridged model	31/12/2023	04/06/2024	20/06/2024	Dutch	PDF
Abridged model	31/12/2022	06/06/2023	04/07/2023	Dutch	PDF
Abridged model	31/12/2021	07/06/2022	27/06/2022	Dutch	PDF
Abridged model	31/12/2020	01/06/2021	24/06/2021	Dutch	PDF
Abridged model	31/12/2019	02/06/2020	29/06/2020	Dutch	PDF
Abridged model	31/12/2018	04/06/2019	02/07/2019	Dutch	PDF
Abridged model	31/12/2017	05/06/2018	03/07/2018	Dutch	PDF
Abridged model	31/12/2016	06/06/2017	16/06/2017	Dutch	PDF
Full model	31/12/2015	07/06/2016	06/07/2016	Dutch	PDF
Full model	31/12/2014	02/06/2015	22/06/2015	Dutch	PDF
Full model	31/12/2013	03/06/2014	27/06/2014	Dutch	PDF

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 25 M€ and 50 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.

Board of directors

Source · NBB, accounts to 31/12/2025

7 active · 11 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
An Vervliet	Director03/06/2025 → 03/06/2031
Chloë Van Weynsberghe	Director03/06/2025 → 03/06/2031
Tom Maes	Director30/09/2024 → 06/06/2028
Jan Grommen	Director15/03/2023 → 06/06/2028
Frank De Mulder	Director01/01/2017 → 06/06/2028
Gregorius Aertssen	Director14/02/2012 → 06/06/2028
Walter Wesenbeek	Director14/02/2012 → 06/06/2028

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Alexander Van Heuverswyn	Director01/10/2022 → 2022 accounts
Ivo Pallemans	Director07/06/2022 → 01/10/2022
Johan Maes	Director07/06/2022 → 2023 accounts
Patrick Huyghe	Director07/06/2022 → 2024 accounts

Ownership and network

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Try for free

Belgian Official Gazette publications

Source · Belgian Official Gazette

Mandates14/10/2026
Ontslag, benoeming bestuurders
PDF
Mandates18/08/2025
ONTSLAGEN - BENOEMINGEN
PDF
Mandates18/11/2024
ONTSLAGEN - BENOEMINGEN
PDF
Mandates06/06/2023
ONTSLAGEN - BENOEMINGEN
PDF
Mandates06/06/2023
ONTSLAGEN - BENOEMINGEN
PDF
Mandates03/08/2021
ONTSLAGEN - BENOEMINGEN
PDF
Mandates22/01/2021
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - ONTSLAGEN - BENOEMINGEN
PDF
Mandates27/09/2019
ONTSLAGEN - BENOEMINGEN
PDF

Similar companies

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

See the Business plan

Timeline

Source · CBE, NBB annual accounts

Year

Identity

Incorporation

Name

Registered office

Annual accounts

Filings13 filings

Mandates

An Vervliet

Chloë Van Weynsberghe

Tom Maes

Jan Grommen

Walter Wesenbeek

Gregorius Aertssen

Frank De Mulder

Alexander Van Heuverswyn

Johan Maes

Patrick Huyghe

Ivo Pallemans

Walter Roggeman

Show the 6 other mandates

20122013201420152016201720182019202020212022202320242025202620272028202920302031

TERRANOVA SOLAR

Laageind 91, 2940 Stabroek

Director

CurrentPlanned, not yet servedEndedAccounts filedToday

Registered offices

Source · NBB annual accounts, CBE

Registered address	Period	Source
Laageind 91, 2940 StabroekCurrent	accounts 2021 → 2025	Accounts 2025 · 2026-00206975

Company names

Source · NBB annual accounts, CBE

Name	Period	Source
TERRANOVA SOLARCurrent	accounts 2013 → 2025	Accounts 2025 · 2026-00206975

Events

2025
Annual accounts 20252,1 M €↑
2024
Annual accounts 20241,3 M €↓
2023
Annual accounts 20231,9 M €↓
2022
Annual accounts 20222,9 M €↑
2021
Annual accounts 20211,2 M €↓
2020
Annual accounts 20201,7 M €↑
2019
Annual accounts 20191,5 M €↓
2018
Annual accounts 20181,8 M €↑
2017
Annual accounts 20171,3 M €↓
2016
Annual accounts 20161,4 M €↓
2015
Annual accounts 20151,6 M €↓
2014
Annual accounts 20141,6 M €↑
2013
Annual accounts 2013-131,4 k €
14/02/2012
IncorporationPublic limited company

TERRANOVA SOLAR

Overview

Identity

Financials

Valuation

Indicative valuation

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

Timeline

Registered offices

Company names

Events