ACTIVE

Terhills

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Financial year 2025 · closed on 31/12/2025

Net result

-1,7 M €

-89.2% YoY

Revenue

2 M €

+1.9% YoY

Equity

65 M €

-3.0% YoY

Workforce

4,0 ETP

0.0% YoY

What does Terhills do?

Terhills is a Public limited company incorporated in 2012. Its main activity is: Rental and operating of own or leased real estate. Its registered office is in Hasselt. It employs on average 4,0 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0845.152.585

Incorporation

10/04/2012

Legal form

Public limited company

Registered office

Kempische steenweg 311 box 4.01
3500 Hasselt · FlandreSee on map

Contributed capital

68 218 000,00 €

Latest accounts

31/12/2025

Average workforce

4,0 ETP

Activities (NACE)

68201Rental and operating of own or leased real estate· main 68201Rental and operating of own or leased real estate 35110Production of electricity 35110Production of electricity 35140Trade of electricity 35150Electric power generation, transmission and distribution+8

Joint committees (2)

Signals

Solid equityGood liquidityPositive cashflowPositive EBITDAHealthy social debtsHigh revenue

View the BCE/KBO Public Search record →

Health score

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✦ Verdict · Analyst summary

Financials

Trend over 13 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013
Income statement
Revenue	2 M €	+1.9%	2 M €	-61.3%	5,1 M €	-28.4%	7,1 M €	+50.5%	4,7 M €	+137%	2 M €	-0.3%	2 M €	-5.4%	2,1 M €	+476%	365,7 k €	+25.9%	290,4 k €	+40.7%	206,4 k €	+423%	39,4 k €	-22.6%	51 k €
EBITDA	296,8 k €	-74.9%	1,2 M €	-69.7%	3,9 M €	-6.5%	4,2 M €	+82.8%	2,3 M €	+298%	-1,2 M €	-572%	244,1 k €	+33.8%	182,4 k €	-24.0%	240 k €	+361%	-92 k €	-397%	30,9 k €	+145%	-68,9 k €	+65.9%	-202,3 k €
Operating result	-1,5 M €	-263%	-403,6 k €	-130%	1,3 M €	-20.0%	1,7 M €	+693%	211,7 k €	+107%	-2,9 M €	-102%	-1,4 M €	-52.9%	-942,8 k €	-607%	-133,3 k €	+70.6%	-452,7 k €	-59.8%	-283,3 k €	-150%	-113,2 k €	+49.1%	-222,5 k €
Net result	-1,7 M €	-89.2%	-921,7 k €	-304%	452,6 k €	-61.5%	1,2 M €	+754%	-180 k €	+95.0%	-3,6 M €	-103%	-1,8 M €	-157%	-685,3 k €	-92.5%	-356 k €	+70.4%	-1,2 M €	-57.8%	-763,3 k €	-154%	-300,7 k €	-34.0%	-224,4 k €
Balance sheet
Equity	65 M €	-3.0%	67 M €	-0.2%	67,2 M €	+13.6%	59,1 M €	+5.9%	55,8 M €	+6.1%	52,6 M €	-6.0%	56 M €	+81.8%	30,8 M €	+15.9%	26,6 M €	+24.3%	21,4 M €	+7.2%	19,9 M €	-3.7%	20,7 M €	-1.1%	20,9 M €
Total assets	135,1 M €	-2.1%	138 M €	-12.2%	157,2 M €	+1.8%	154,5 M €	-1.4%	156,7 M €	+15.8%	135,3 M €	+43.3%	94,4 M €	+61.2%	58,6 M €	+20.9%	48,4 M €	+26.0%	38,4 M €	+26.0%	30,5 M €	-1.0%	30,8 M €	+26.7%	24,3 M €
Cash	3,4 M €	+106%	1,6 M €	-89.2%	15,1 M €	+157%	5,9 M €	-1.1%	5,9 M €	+48.5%	4 M €	+25.0%	3,2 M €	+170%	1,2 M €	-76.4%	5 M €	+1127%	409,3 k €	+881%	41,7 k €	-88.2%	353,1 k €	+35.5%	260,5 k €
Debts	67,5 M €	-1.4%	68,4 M €	-22.2%	87,9 M €	-6.3%	93,8 M €	-6.2%	100 M €	+22.3%	81,7 M €	+118%	37,5 M €	+39.6%	26,9 M €	+31.3%	20,5 M €	+35.4%	15,1 M €	+45.7%	10,4 M €	+3.6%	10 M €	+197%	3,4 M €
Other
Workforce	4,0 ETP	0.0%	4,0 ETP	0.0%	4,0 ETP	+33.3%	3,0 ETP	-21.1%	3,8 ETP	+15.2%	3,3 ETP	+65.0%	2,0 ETP	+17.6%	1,7 ETP	-15.0%	2,0 ETP	0.0%	2,0 ETP	-33.3%	3,0 ETP	+7.1%	2,8 ETP	+47.4%	1,9 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 0 € and 100 k€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 8 active · 34 ended

Active mandates

Mark Maesen

Chairman of the board of directors · since 01 janvier 2024 · until 18 mai 2027

Active

Kristof Schiepers

Director · since 13 novembre 2023 · until 18 mai 2027

Active

KCL Services

Director · since 17 mai 2022 · until 18 mai 2027 · 0686.578.569

Represented by Ellen Van Elsen

Active

Frieda Brepoels

Director · since 25 février 2022 · until 18 mai 2027

Active

Jan Janssen Hospitality Consulting BV

Director · since 25 février 2022 · until 18 mai 2027

Represented by Jan Janssen

Active

Armand Ghysens

Director · since 18 mai 2021 · until 18 mai 2027

Active

LIMBURGSE RECONVERSIE MAATSCHAPPIJ

Managing director · since 18 mai 2021 · until 18 mai 2027 · 0452.138.972

Represented by Tom Vanham

Active

MEERWAARDE,OMNIPRESENCE,SYMPATHIE & TRIAL

Director · since 18 mai 2021 · until 18 mai 2027 · 0871.856.685

Represented by Francois Meysman

Active

Ended mandates

Georges Lenssen

Director · since 18 mai 2021 · until 30 juin 2023

Ended

Georges Lenssen

Director · since 18 mai 2021 · until 18 mai 2027

Ended

Hugo Leroi

Chairman of the board of directors · since 18 mai 2021 · until 31 décembre 2023

Ended

Hugo Leroi

Chairman of the board of directors · since 18 mai 2021 · until 18 mai 2027

Ended

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Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Full model	Full model	Full model	Full model	Full model	Full 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	09/06/2026	22/05/2025	28/05/2024	30/05/2023	13/06/2022	11/06/2021
General meeting	19/05/2026	20/05/2025	21/05/2024	16/05/2023	17/05/2022	18/05/2021
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

13 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Full model	31/12/2025	19/05/2026	09/06/2026	Dutch	PDF
Full model	31/12/2024	20/05/2025	22/05/2025	Dutch	PDF
Full model	31/12/2023	21/05/2024	28/05/2024	Dutch	PDF
Full model	31/12/2022	16/05/2023	30/05/2023	Dutch	PDF
Full model	31/12/2021	17/05/2022	13/06/2022	Dutch	PDF
Full model	31/12/2020	18/05/2021	11/06/2021	Dutch	PDF
Full model	31/12/2019	19/05/2020	17/06/2020	Dutch	PDF
Full model	31/12/2018	21/05/2019	13/06/2019	Dutch	PDF
Full model	31/12/2017	15/05/2018	06/06/2018	Dutch	PDF
Full model	31/12/2016	16/05/2017	08/06/2017	Dutch	PDF
Full model	31/12/2015	17/05/2016	30/05/2016	Dutch	PDF
Full model	31/12/2014	08/06/2015	25/06/2015	Dutch	PDF
Full model	31/12/2013	02/06/2014	26/06/2014	Dutch	PDF

Estimate

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.

Governance

Board of directors

Seen on filing of 31/12/2025 · 8 active · 34 ended

Active mandates

Mark Maesen

Chairman of the board of directors · since 01 janvier 2024 · until 18 mai 2027

Active

Kristof Schiepers

Director · since 13 novembre 2023 · until 18 mai 2027

Active

KCL Services

Director · since 17 mai 2022 · until 18 mai 2027 · 0686.578.569

Represented by Ellen Van Elsen

Active

Frieda Brepoels

Director · since 25 février 2022 · until 18 mai 2027

Active

Jan Janssen Hospitality Consulting BV

Director · since 25 février 2022 · until 18 mai 2027

Represented by Jan Janssen

Active

Armand Ghysens

Director · since 18 mai 2021 · until 18 mai 2027

Active

LIMBURGSE RECONVERSIE MAATSCHAPPIJ

Managing director · since 18 mai 2021 · until 18 mai 2027 · 0452.138.972

Represented by Tom Vanham

Active

MEERWAARDE,OMNIPRESENCE,SYMPATHIE & TRIAL

Director · since 18 mai 2021 · until 18 mai 2027 · 0871.856.685

Represented by Francois Meysman

Active

Ended mandates

Georges Lenssen

Director · since 18 mai 2021 · until 30 juin 2023

Ended

Georges Lenssen

Director · since 18 mai 2021 · until 18 mai 2027

Ended

Hugo Leroi

Chairman of the board of directors · since 18 mai 2021 · until 31 décembre 2023

Ended

Hugo Leroi

Chairman of the board of directors · since 18 mai 2021 · until 18 mai 2027

Ended

Shareholders

Ownership and network

Looking for more information about this company?

Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates08/01/2025
ONTSLAGEN - BENOEMINGEN
PDF
Mandates17/06/2024
ONTSLAGEN - BENOEMINGEN
PDF
Mandates12/01/2024
ONTSLAGEN - BENOEMINGEN
PDF
Mandates05/12/2023
ONTSLAGEN - BENOEMINGEN
PDF
Mandates28/08/2023
ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares17/05/2023
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - KAPITAAL - AANDELEN
PDF
Mandates23/03/2023
ONTSLAGEN - BENOEMINGEN
PDF
Mandates23/06/2022
ONTSLAGEN - BENOEMINGEN
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 2025-1,7 M €↓
2024
Annual accounts 2024-921,7 k €↓
21/05/2024
reconductionEY Bedrijfsrevisoren — commissaris
01/01/2024
nominationMark Maesen — bestuurder
2023
Annual accounts 2023452,6 k €↓
13/11/2023
nominationKristof Schiepers — bestuurder
16/05/2023
nominationHugo Leroi — Bestuurder
16/05/2023
nominationFrederika Brepoels — Bestuurder
11/05/2023
augmentation_capital
11/05/2023
apport
2022
Annual accounts 20221,2 M €↑
17/05/2022
nominationBV KCL Services — bestuurder
17/05/2022
nominationEllen Van Elsen — bestuurder
25/02/2022
nominationFrederika Brepoels — bestuurder
25/02/2022
nominationJan Janssen — vaste vertegenwoordiger (JJ Hospitality Consulting)
25/02/2022
nominationFrieda Brepoels — Bestuurder
25/02/2022
nominationJan Janssen — Bestuurder
2021
Annual accounts 2021-180 k €↑
2020
Annual accounts 2020-3,6 M €↓
2019
Annual accounts 2019-1,8 M €↓
2018
Annual accounts 2018-685,3 k €↓
2017
Annual accounts 2017-356 k €↑
2016
Annual accounts 2016-1,2 M €↓
2015
Annual accounts 2015-763,3 k €↓
2014
Annual accounts 2014-300,7 k €↓
2013
Annual accounts 2013-224,4 k €
10/04/2012
IncorporationPublic 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

Terhills

Overview

What does Terhills do?

Trend over 13 financial years

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