ACTIVE

TERRANOVA

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Financial year 2025 · Closed on 31/12/2025

Net result128,4 k €-12,2 %over 1 year
Revenue3,9 M €+6,9 %over 1 year
Equity1,3 M €+2,2 %over 1 year
Workforce6,8 ETP-2,9 %over 1 year

Identity

Source · BCE/KBO

TERRANOVA is a Public limited company incorporated in 2005. Its main activity is: Sewerage. Its registered office is in Liège. It employs on average 6,8 ETP workers (FTE).

Legal situation
Normal situation
BCE/KBO no. / VAT
BE 0872.242.806
Incorporation
03/03/2005
Legal form
Public limited company
Registered office
Avenue de l'Indépendance 83
4020 Liège · WallonieSee on map
Contributed capital
261 000,00 €
Latest accounts
31/12/2025
Average workforce
6,8 ETP
Joint committees (3)
  • 124
  • 200
  • 218
Signals
ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

Financials

Source · NBB, 20 filings

Trend over 20 financial years

20252024202320222021
Income statement
Revenue3,9 M €3,6 M €4,1 M €6 M €5,1 M €
EBITDA409,9 k €375,7 k €635,7 k €277,2 k €89,5 k €
Operating result177,8 k €201,1 k €442,5 k €88,9 k €226,7 k €
Net result128,4 k €146,3 k €328,6 k €61,9 k €155,5 k €
Balance sheet
Equity1,3 M €1,3 M €1,2 M €1 M €1,1 M €
Total assets2,4 M €2,3 M €2,8 M €4,3 M €3 M €
Cash655,3 €655,3 €549,8 k €312,8 k €434 k €
Debts1,1 M €974,2 k €1,6 M €3,3 M €2 M €
Other
Workforce6,8 ETP7,0 ETP5,2 ETP3,8 ETP3,6 ETP

Valuation

Indicative valuation

As an indication, this company is worth

between 1 M€ and 2,5 M€
See the valuation

Board of directors

Source · NBB, accounts to 31/12/2025

5 active · 24 ended

Active mandates

DirectorMandates in this companyPeriodOther mandatescurrentendedstruck offbankruptcies
C&M FRERE CONSTRUCT0770.626.594Represented by HERVE FRERE
Director29/09/2021 → 18/05/2027
DelGest0771.766.048Represented by PASCAL DELHEZ
Director29/09/2021 → 18/05/2027
FINOFAB0832.476.665Represented by OLIVIER FABRY
Director28/01/2014 → 18/05/2027
JOLY SA0464.849.536Represented by PIERRE JOLY
Managing director26/10/2016 → 18/05/2027Director26/10/2016 → 2017 accountsended
TALAND0772.732.088Represented by BERTRAND TALLIEU
Director29/09/2021 → 18/05/2027

Ended mandates

DirectorMandates in this companyPeriodOther mandatescurrentendedstruck offbankruptcies
VROLIX0774.914.390Represented by MARC VROLIX
Director20/10/2021 → 2022 accounts
ASSOCIATION INTERCOMMUNALE DE TRAITEMENT DES DECHETS LIEGEOIS0219.511.295Represented by LUC JOINE
Director30/09/2020 → 2021 accounts
ASSOCIATION INTERCOMMUNALE POUR LE DEMERGEMENT ET L'EPURATION DES COMMUNES DE LA PROVINCE DE LIEGE0203.963.680Represented by FLORENCE HERRY
Director30/09/2020 → 01/07/2021

Other companies at this address

Avenue de l'Indépendance 83 4020 Liège
CompanyCBE no.
AB Tech● Active
0447.207.216
AQUAFLUX● Active
0899.664.112
CHATEAU DE DURETTE● Active
0895.295.152
GAMA - ASPHALT● Active
0449.317.064
Gravaubel● Active
0402.404.104
JOLY● Active
0773.919.745
JOLY SA● Active
0464.849.536
SSM ABTECH-ELOY● Active
1020.215.415
SSM ABTECH-GRAVAUBEL● Active
1041.461.680
SSM ABTECH-SOCOGETRA● Active
0746.479.633
TRANSPORT GROUPE JOLY● Active
1023.528.657
WERISOL● Active
0764.999.606

Full financial information

Source · NBB
202520242023202220212020
Type of accountAbridged modelAbridged modelAbridged modelAbridged modelAbridged modelFull model
Start of the financial year01/01/202501/01/202401/01/202301/01/202201/01/202101/01/2020
Closing of the financial year31/12/202531/12/202431/12/202331/12/202231/12/202131/12/2020
Length of the financial year12 months12 months12 months12 months12 months12 months
Filing date30/06/202618/06/202517/06/202429/06/202305/07/202230/06/2021
General meeting09/06/202611/06/202511/06/202426/06/202329/06/202218/05/2021
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls

Financial ratios

Source · NBB

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Annual accounts filings

Source · NBB, 20 filings
ModelClosingGeneral meetingFiledLanguageDocument
Abridged model31/12/202509/06/202630/06/2026FrenchPDF
Abridged model31/12/202411/06/202518/06/2025FrenchPDF
Abridged model31/12/202311/06/202417/06/2024FrenchPDF
Abridged model31/12/202226/06/202329/06/2023FrenchPDF
Abridged model31/12/202129/06/202205/07/2022FrenchPDF
Full model31/12/202018/05/202130/06/2021FrenchPDF
Full model31/12/201930/09/202001/10/2020FrenchPDF
Full model31/12/201807/05/201920/05/2019FrenchPDF
Full model31/12/201706/06/201802/07/2018FrenchPDF
Full model31/12/201616/05/201701/06/2017FrenchPDF
Full model31/12/201527/04/201602/06/2016FrenchPDF
Full model31/12/201401/04/201529/04/2015FrenchPDF
Full model31/12/201323/06/201407/07/2014FrenchPDF
Full model31/12/201211/06/201312/06/2013FrenchPDF
Full model31/12/201122/08/201223/08/2012FrenchPDF
Full model31/12/201026/04/201123/05/2011FrenchPDF
Full model31/12/200921/05/201010/06/2010FrenchPDF
Full model31/12/200816/06/200917/06/2009FrenchPDF
Full model31/12/200718/03/200817/04/2008FrenchPDF
Full model31/12/200624/04/200727/04/2007FrenchPDF

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 1 M€ and 2,5 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

5 active · 24 ended

Active mandates

DirectorMandates in this companyPeriodOther mandatescurrentendedstruck offbankruptcies
C&M FRERE CONSTRUCT0770.626.594Represented by HERVE FRERE
Director29/09/2021 → 18/05/2027
DelGest0771.766.048Represented by PASCAL DELHEZ
Director29/09/2021 → 18/05/2027
FINOFAB0832.476.665Represented by OLIVIER FABRY
Director28/01/2014 → 18/05/2027
JOLY SA0464.849.536Represented by PIERRE JOLY
Managing director26/10/2016 → 18/05/2027Director26/10/2016 → 2017 accountsended
TALAND0772.732.088Represented by BERTRAND TALLIEU
Director29/09/2021 → 18/05/2027

Ended mandates

DirectorMandates in this companyPeriodOther mandatescurrentendedstruck offbankruptcies
VROLIX0774.914.390Represented by MARC VROLIX
Director20/10/2021 → 2022 accounts
ASSOCIATION INTERCOMMUNALE DE TRAITEMENT DES DECHETS LIEGEOIS0219.511.295Represented by LUC JOINE
Director30/09/2020 → 2021 accounts
ASSOCIATION INTERCOMMUNALE POUR LE DEMERGEMENT ET L'EPURATION DES COMMUNES DE LA PROVINCE DE LIEGE0203.963.680Represented by FLORENCE HERRY
Director30/09/2020 → 01/07/2021

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette
  • Mandates04/03/2026
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates22/10/2021
    STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, …) - DIVERS - DEMISSIONS, NOMINATIONS
    PDF
  • Mandates15/10/2021
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates26/10/2020
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates10/07/2019
    DEMISSIONS, NOMINATIONS - ASSEMBLEE GENERALE
    PDF
  • Capital / shares21/06/2019
    CAPITAL, ACTIONS
    PDF
  • Mandates28/09/2018
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates28/06/2018
    DEMISSIONS, NOMINATIONS
    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
Filings20 filings
Mandates
JOLY SA
C&M FRERE CONSTRUCT
DelGest
TALAND
FINOFAB
VROLIX
Compagnie Intercommunale Liégeoise des Eaux
ASSOCIATION INTERCOMMUNALE POUR LE DEMERGEMENT ET L'EPURATION DES COMMUNES DE LA PROVINCE DE LIEGE
ASSOCIATION INTERCOMMUNALE DE TRAITEMENT DES DECHETS LIEGEOIS
JEAN-MARIE MOUSNY
MARC VROLIX
CLAUDE TELLINGS
20052006200720082009201020112012201320142015201620172018201920202021202220232024202520262027
TERRANOVA
Avenue de l'Indépendance 83, 4020 Liège-4020
Managing director
Director
Director
Director
Director
Director
Director
Director
Director
Director
Chairman of the board of directors
CurrentPlanned, not yet servedEndedAccounts filedToday

Registered offices

Source · NBB annual accounts, CBE
Registered addressPeriodSource
Avenue de l'Indépendance 83, 4020 Liège-4020Current
accounts 2021 → 2025
Accounts 2025 · 2026-00220127

Company names

Source · NBB annual accounts, CBE
NamePeriodSource
TERRANOVACurrent
accounts 2006 → 2025
Accounts 2025 · 2026-00220127

Events

  1. 2025
    Annual accounts 2025128,4 k €↓
  2. 2024
    Annual accounts 2024146,3 k €↓
  3. 2023
    Annual accounts 2023328,6 k €↑
  4. 2022
    Annual accounts 202261,9 k €↓
  5. 2021
    Annual accounts 2021155,5 k €↑
  6. 2020
    Annual accounts 2020135,1 k €↓
  7. 2019
    Annual accounts 2019240,4 k €↑
  8. 2018
    Annual accounts 2018213,3 k €↓
  9. 2017
    Annual accounts 2017242 k €↑
  10. 2016
    Annual accounts 2016215,5 k €↑
  11. 2015
    Annual accounts 2015195,7 k €↓
  12. 2014
    Annual accounts 2014305 k €↓
  13. 2013
    Annual accounts 2013321,2 k €↑
  14. 2012
    Annual accounts 2012109,6 k €↑
  15. 2011
    Annual accounts 201162,1 k €↑
  16. 2010
    Annual accounts 201014,5 k €↑
  17. 2009
    Annual accounts 2009-30,9 k €↑
  18. 2008
    Annual accounts 2008-32,1 k €↓
  19. 2007
    Annual accounts 2007117,1 k €↑
  20. 2006
    Annual accounts 2006-26,5 k €
  21. 03/03/2005
    IncorporationPublic limited company