ACTIVE

TERRAGRO

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Financial year 2025 · closed on 31/12/2025

Net result

12,5 k €

-21.4% YoY

Gross margin

326,7 k €

+6.3% YoY

Equity

374,8 k €

+3.4% YoY

Workforce

0,0 ETP

What does TERRAGRO do?

TERRAGRO is a Private limited company incorporated in 2004. Its main activity is: Site preparation. Its registered office is in Kortrijk.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0870.533.824

Incorporation

13/12/2004

Legal form

Private limited company

Registered office

Zevekotestraat(Aal) 22
8511 Kortrijk · FlandreSee on map

Contributed capital

20 000,00 €

Latest accounts

31/12/2025

Average workforce

0,0 ETP

Activities (NACE)

43120Site preparation· main 43120Site preparation 45112Sale of cars and light motor vehicles 42110Construction of roads and motorways 42110Construction of roads and motorways 42220Construction of utility projects for electricity and telecommunications+6

Signals

ProfitablePositive cashflowPositive EBITDA

View the BCE/KBO Public Search record →

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✦ Verdict · Analyst summary

Financials

Trend over 20 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	326,7 k €	+6.3%	307,3 k €	+1.5%	302,7 k €	+8.8%	278,3 k €	-19.3%	345,1 k €	+10.1%	313,4 k €	+64.3%	190,8 k €	+98.5%	96,1 k €	+127%	42,2 k €	-1.0%	42,7 k €	-30.2%	61,2 k €	+16.0%	52,7 k €	+103%	26 k €	-54.1%	56,6 k €	+29.4%	43,8 k €	-17.2%	52,8 k €	-20.5%	66,4 k €	+69.3%	39,2 k €	-11.4%	44,2 k €	+222%	13,7 k €
EBITDA	321,2 k €	+5.6%	304,1 k €	+5.0%	289,7 k €	+10.1%	263 k €	-21.9%	336,9 k €	+8.9%	309,5 k €	+63.6%	189,2 k €	+100%	94,6 k €	+133%	40,6 k €	-0.4%	40,8 k €	-31.4%	59,5 k €	+24.7%	47,7 k €	+102%	23,7 k €	-57.8%	56,2 k €	+29.6%	43,3 k €	-17.3%	52,4 k €	-20.3%	65,8 k €	+69.2%	38,9 k €	-11.5%	43,9 k €	+231%	13,2 k €
Operating result	92,6 k €	+90.9%	48,5 k €	+180%	-60,6 k €	-205%	57,6 k €	-59.5%	142,3 k €	-10.9%	159,7 k €	+140%	66,6 k €	+70.3%	39,1 k €	+200%	13 k €	-5.5%	13,8 k €	-54.8%	30,5 k €	+83.5%	16,6 k €	+3.1%	16,1 k €	-55.5%	36,2 k €	+1008%	3,3 k €	+202%	-3,2 k €	-140%	7,9 k €	+5.5%	7,5 k €	-55.2%	16,7 k €	+198%	-17 k €
Net result	12,5 k €	-21.4%	15,8 k €	+117%	-92 k €	-424%	28,4 k €	-67.8%	88,2 k €	-25.3%	118,1 k €	+116%	54,8 k €	+84.1%	29,8 k €	+229%	9 k €	+429%	1,7 k €	-89.9%	16,8 k €	+45.3%	11,6 k €	-89.7%	112,7 k €	+287%	29,1 k €	+3959%	-754 €	+89.8%	-7,4 k €	-442%	2,2 k €	-32.6%	3,2 k €	-80.8%	16,6 k €	+198%	-16,9 k €
Balance sheet
Equity	374,8 k €	+3.4%	362,4 k €	+4.6%	346,5 k €	-21.0%	438,6 k €	+6.9%	410,2 k €	+27.4%	322 k €	+57.9%	203,9 k €	+36.7%	149,1 k €	+24.1%	120,1 k €	+8.1%	111,1 k €	+1.6%	109,4 k €	+18.2%	92,6 k €	-51.0%	189 k €	+29.2%	146,2 k €	+24.8%	117,1 k €	-0.6%	117,9 k €	+76.6%	66,8 k €	+3.3%	64,6 k €	+5.2%	61,4 k €	+37.2%	44,8 k €
Total assets	3 M €	+42.1%	2,1 M €	-10.5%	2,4 M €	+30.6%	1,8 M €	-6.4%	1,9 M €	+46.5%	1,3 M €	+10.7%	1,2 M €	+108%	575,9 k €	+25.2%	459,8 k €	+30.5%	352,4 k €	+14.5%	307,7 k €	+22.6%	251 k €	-35.5%	389,2 k €	+60.2%	243 k €	+10.0%	220,9 k €	-18.4%	270,6 k €	-7.2%	291,6 k €	+105%	142 k €	+20.6%	117,8 k €	-5.2%	124,2 k €
Cash	12,7 k €	+107%	6,1 k €	+188%	2,1 k €	-92.2%	27,3 k €	+36.2%	20 k €	+24.5%	16,1 k €	+87.5%	8,6 k €	-24.5%	11,4 k €	-71.9%	40,5 k €	+175%	14,7 k €	-87.5%	117,8 k €	+20.7%	97,7 k €	-54.5%	214,5 k €	+841%	22,8 k €	+296%	5,8 k €	-80.3%	29,3 k €	+26.4%	23,2 k €	-0.9%	23,4 k €	+164%	8,9 k €	+46.7%	6 k €
Debts	2,6 M €	+50.0%	1,8 M €	-13.1%	2 M €	+46.9%	1,4 M €	-10.0%	1,5 M €	+52.6%	1 M €	+1.0%	993,5 k €	+133%	426,8 k €	+25.6%	339,7 k €	+40.8%	241,3 k €	+21.7%	198,3 k €	+25.2%	158,4 k €	-20.9%	200,2 k €	+107%	96,7 k €	-6.8%	103,8 k €	-32.0%	152,8 k €	-32.1%	224,8 k €	+190%	77,4 k €	+37.4%	56,3 k €	-29.1%	79,5 k €
Other
Workforce	0,0 ETP		0,0 ETP		0,0 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 · 1 active · 5 ended

Active mandates

PIETER HERMAN

Manager · since 23 novembre 2023

Active

Ended mandates

Antoon Herman

Chairman of the board of directors · since 02 décembre 2004

Ended

Pieter Herman

Managing director · since 02 décembre 2004

Ended

Willem Herman

Director · since 02 décembre 2004

Ended

Pieter Herman

Manager

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	16/04/2026	26/06/2025	05/06/2024	27/06/2023	22/07/2022	10/06/2021
General meeting	13/04/2026	23/06/2025	03/06/2024	05/06/2023	06/06/2022	07/06/2021
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

20 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	13/04/2026	16/04/2026	Dutch	PDF
Abridged model	31/12/2024	23/06/2025	26/06/2025	Dutch	PDF
Abridged model	31/12/2023	03/06/2024	05/06/2024	Dutch	PDF
Abridged model	31/12/2022	05/06/2023	27/06/2023	Dutch	PDF
Abridged model	31/12/2021	06/06/2022	22/07/2022	Dutch	PDF
Abridged model	31/12/2020	07/06/2021	10/06/2021	Dutch	PDF
Abridged model	31/12/2019	02/06/2020	11/06/2020	Dutch	PDF
Abridged model	31/12/2018	30/06/2019	22/07/2019	Dutch	PDF
Abridged model	31/12/2017	30/06/2018	23/07/2018	Dutch	PDF
Abridged model	31/12/2016	06/06/2017	29/06/2017	Dutch	PDF
Abridged model	31/12/2015	06/06/2016	30/06/2016	Dutch	PDF
Abridged model	31/12/2014	01/06/2015	24/07/2015	Dutch	PDF
Abridged model	31/12/2013	02/06/2014	28/08/2014	Dutch	PDF
Abridged model	31/12/2012	03/06/2013	26/06/2013	Dutch	PDF
Abridged model	31/12/2011	19/06/2012	20/07/2012	Dutch	PDF
Abridged model	31/12/2010	06/06/2011	29/06/2011	Dutch	PDF
Abridged model	31/12/2009	07/06/2010	13/07/2010	Dutch	PDF
Abridged model	31/12/2008	02/06/2009	26/06/2009	Dutch	PDF
Abridged model	31/12/2007	02/06/2008	24/07/2008	Dutch	PDF
Abridged model	31/12/2006	04/06/2007	31/08/2007	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 · 1 active · 5 ended

Active mandates

PIETER HERMAN

Manager · since 23 novembre 2023

Active

Ended mandates

Antoon Herman

Chairman of the board of directors · since 02 décembre 2004

Ended

Pieter Herman

Managing director · since 02 décembre 2004

Ended

Willem Herman

Director · since 02 décembre 2004

Ended

Pieter Herman

Manager

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates04/12/2023
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM - DIVERSEN - DOEL - ONTSLAGEN - BENOEMINGEN
PDF
Registered office03/08/2015
MAATSCHAPPELIJKE ZETEL
PDF
Mandates05/05/2014
KAPITAAL - AANDELEN - ONTSLAGEN - BENOEMINGEN - WIJZIGING RECHTSVORM
PDF
Registered office01/04/2011
BENAMING - MAATSCHAPPELIJKE ZETEL - KAPITAAL - AANDELEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Mandates25/01/2005
ONTSLAGEN - BENOEMINGEN
PDF
Other23/12/2004
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 202512,5 k €↓
2024
Annual accounts 202415,8 k €↑
2023
Annual accounts 2023-92 k €↓
2022
Annual accounts 202228,4 k €↓
2021
Annual accounts 202188,2 k €↓
2020
Annual accounts 2020118,1 k €↑
2019
Annual accounts 201954,8 k €↑
2018
Annual accounts 201829,8 k €↑
2017
Annual accounts 20179 k €↑
2016
Annual accounts 20161,7 k €↓
2015
Annual accounts 201516,8 k €↑
2014
Annual accounts 201411,6 k €↓
2013
Annual accounts 2013112,7 k €↑
2012
Annual accounts 201229,1 k €↑
2011
Annual accounts 2011-754 €↑
2010
Annual accounts 2010-7,4 k €↓
2009
Annual accounts 20092,2 k €↓
2008
Annual accounts 20083,2 k €↓
2007
Annual accounts 200716,6 k €↑
2006
Annual accounts 2006-16,9 k €
13/12/2004
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

TERRAGRO

Overview

What does TERRAGRO do?

Trend over 20 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