ACTIVE

TERRA

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Financial year 2025 · Closed on 31/12/2025

Net result743,7 k €-21,4 %over 1 year

Revenue2,1 M €-59,3 %over 1 year

Equity3,9 M €-36,6 %over 1 year

Identity

Source · BCE/KBO

TERRA is a Public limited company incorporated in 2006. Its registered office is in Hasselt.

Legal situation: Normal situation
BCE/KBO no. / VAT: BE 0879.600.057
Incorporation: 24/02/2006
Legal form: Public limited company
Registered office: Herkenrodesingel 4B
3500 Hasselt · FlandreSee on map
Contributed capital: 62 000,00 €
Latest accounts: 31/12/2025

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHigh revenue

Financials

Source · NBB, 21 filings

Trend over 20 financial years

	2025		2024		2023		2022		2021
Income statement
Revenue	2,1 M €	-59.3%	5 M €	+1922%	-276,9 k €	-102%	12,7 M €	+171%	4,7 M €
EBITDA	904 k €	-34.1%	1,4 M €	+1179%	-127,1 k €	-104%	3,1 M €	+88.8%	1,7 M €
Operating result	904 k €	-26.6%	1,2 M €	+911%	-152 k €	-105%	3,1 M €	+88.8%	1,7 M €
Net result	743,7 k €	-21.4%	946,2 k €	+442%	-277 k €	-113%	2,1 M €	+80.1%	1,2 M €
Balance sheet
Equity	3,9 M €	-36.6%	6,2 M €	+18.1%	5,2 M €	-5.0%	5,5 M €	+64.0%	3,4 M €
Total assets	7 M €	+4.7%	6,7 M €	-18.8%	8,2 M €	+1.3%	8,1 M €	-49.8%	16,1 M €
Cash	93,6 k €	+130%	40,8 k €	-31.3%	59,3 k €	-82.9%	346,6 k €	-40.8%	585,8 k €
Debts	3,1 M €	+503%	509,2 k €	-83.0%	3 M €	+15.4%	2,6 M €	-79.7%	12,8 M €

Valuation

Indicative valuation

As an indication, this company is worth

between 2,5 M€ and 5 M€

See the valuation

Board of directors

Source · NBB, accounts to 31/12/2025

4 active · 7 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
MaLiBe0770.425.567Represented by Johan Van den Broeck	Director12/07/2023 → 18/05/2029
TDEVELOPMENT0774.835.802Represented by Thibaud Demot	Director12/07/2023 → 18/05/2029
CIRIL0440.712.768Represented by Philip Demot	Director21/05/2021 → 21/05/2027
PVMA0478.898.106Represented by Pieter Vanhout	Director21/05/2021 → 21/05/2027

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
DEMOCO GROUP0479.223.847Represented by Philip Demot	Director18/05/2018 → 2020 accounts
Michel Demot	Director18/05/2018 → 2020 accounts
Ronny Houben	Director18/05/2018 → 2020 accounts
Rudy Houben	Director18/05/2018 → 2020 accounts

Other companies at this address

Herkenrodesingel 4B 3500 Hasselt

Company	CBE no.
BONNEFANT● Active	0566.922.339
CIRIL● Active	0440.712.768
Craeyenhof● Active	0404.941.643
Craeyenhof Properties● Active	0677.932.802
DAM 71● Active	0643.904.806
DEBUILD● Active	0749.717.552
DEMCOR● Active	0473.012.085
Dem GroupVAT● Active	0715.490.311
DEMOCO● Active	0440.712.867
DEMOCO GROUP● Active	0479.223.847
DOK DEVELOPMENT● Active	0444.355.515
D-Watt● Active	1002.715.031
EZELDIJK DEVELOPMENT● Active	0848.067.634
Hart van Hamme● Active	0713.699.868
Herkenrode Development● Active	0652.781.195
HERK&RED● Active	0432.874.079
NETESTAD IMMO● Active	0794.720.109
SION NETEZICHT● Active	0844.696.586
Souverain 280● Active	1042.795.035
THV CASINO FURNIBO DEMOCO● Active	0768.818.634

Full financial information

Source · NBB

	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	10/06/2026	05/06/2025	11/07/2024	14/07/2023	10/06/2022	04/06/2021
General meeting	05/06/2026	30/05/2025	10/07/2024	14/07/2023	20/05/2022	21/05/2021
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

Financial ratios

Source · NBB

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Annual accounts filings

Source · NBB, 21 filings

Model	Closing	General meeting	Filed	Language	Document
Full model	31/12/2025	05/06/2026	10/06/2026	Dutch	PDF
Full model	31/12/2024	30/05/2025	05/06/2025	Dutch	PDF
Full model	31/12/2023	10/07/2024	11/07/2024	Dutch	PDF
Full model	31/12/2022	14/07/2023	14/07/2023	Dutch	PDF
Full model	31/12/2021	20/05/2022	10/06/2022	Dutch	PDF
Full model	31/12/2020	21/05/2021	04/06/2021	Dutch	PDF
Full modelCorrection	31/12/2019	22/05/2020	24/06/2020	Dutch	PDF
Full model	31/12/2019	22/05/2020	18/06/2020	Dutch	PDF
Full model	31/12/2018	24/05/2019	19/06/2019	Dutch	PDF
Full model	31/12/2017	18/05/2018	11/06/2018	Dutch	PDF
Full model	31/12/2016	19/05/2017	26/06/2017	Dutch	PDF
Full model	31/12/2015	20/05/2016	09/06/2016	Dutch	PDF
Full model	31/12/2014	22/05/2015	19/06/2015	Dutch	PDF
Abridged model	31/12/2013	23/05/2014	17/06/2014	Dutch	PDF
Abridged model	31/12/2012	24/05/2013	20/06/2013	Dutch	PDF
Abridged model	31/12/2011	18/05/2012	19/06/2012	Dutch	PDF
Abridged model	31/12/2010	20/05/2011	16/06/2011	Dutch	PDF
Abridged model	31/12/2009	21/05/2010	07/06/2010	Dutch	PDF
Abridged model	31/12/2008	25/05/2009	25/06/2009	Dutch	PDF
Abridged model	31/12/2007	23/05/2008	20/06/2008	Dutch	PDF
Abridged model	31/12/2006	21/05/2007	22/06/2007	Dutch	PDF

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 2,5 M€ and 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

4 active · 7 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
MaLiBe0770.425.567Represented by Johan Van den Broeck	Director12/07/2023 → 18/05/2029
TDEVELOPMENT0774.835.802Represented by Thibaud Demot	Director12/07/2023 → 18/05/2029
CIRIL0440.712.768Represented by Philip Demot	Director21/05/2021 → 21/05/2027
PVMA0478.898.106Represented by Pieter Vanhout	Director21/05/2021 → 21/05/2027

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
DEMOCO GROUP0479.223.847Represented by Philip Demot	Director18/05/2018 → 2020 accounts
Michel Demot	Director18/05/2018 → 2020 accounts
Ronny Houben	Director18/05/2018 → 2020 accounts
Rudy Houben	Director18/05/2018 → 2020 accounts

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette

Mandates25/09/2026
Ontslag bestuurder
PDF
Capital / shares17/04/2026
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - BENAMING - DIVERSEN - KAPITAAL - AANDELEN
PDF
Mandates10/09/2025
ONTSLAGEN - BENOEMINGEN
PDF
Mandates11/09/2023
ONTSLAGEN - BENOEMINGEN
PDF
Mandates02/08/2022
ONTSLAGEN - BENOEMINGEN
PDF
Mandates06/07/2021
ONTSLAGEN - BENOEMINGEN
PDF
Mandates14/06/2019
ONTSLAGEN - BENOEMINGEN
PDF
Mandates24/07/2018
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

Filings20 filings

Mandates

MaLiBe

TDEVELOPMENT

CIRIL

PVMA

DEMOCO GROUP

Michel Demot

Ronny Houben

Rudy Houben

Henricus Vink

Florent Houbaer

Valentinus Maesen

200620072008200920102011201220132014201520162017201820192020202120222023202420252026202720282029

TERRADe Smeet

Herkenrodesingel 4 bte B, 3500 Hasselt

Director

CurrentPlanned, not yet servedEndedAccounts filedToday

Registered offices

Source · NBB annual accounts, CBE

Registered address	Period	Source
Herkenrodesingel 4B, 3500 HasseltCurrent		CBE
Herkenrodesingel 4 bte B, 3500 Hasselt	accounts 2021 → 2025	Accounts 2025 · 2026-00161893

Company names

Source · NBB annual accounts, CBE

Name	Period	Source
TERRACurrent	accounts 2025	Accounts 2025 · 2026-00161893
De Smeet	accounts 2021 → 2024	Accounts 2024 · 2025-00123043

Events

2025
Annual accounts 2025743,7 k €↓
2025
Name changeTERRA
2024
Annual accounts 2024946,2 k €↑
2023
Annual accounts 2023-277 k €↓
2022
Annual accounts 20222,1 M €↑
2021
Annual accounts 20211,2 M €↑
2020
Annual accounts 2020937,5 k €↑
2019
Annual accounts 2019456,1 k €↑
2018
Annual accounts 201811,6 k €↓
2017
Annual accounts 201745,2 k €↓
2016
Annual accounts 2016586 k €↑
2015
Annual accounts 201513,1 k €↑
2014
Annual accounts 20145,3 k €↓
2013
Annual accounts 20136,1 k €↓
2012
Annual accounts 201229,8 k €↑
2011
Annual accounts 20119,8 k €↑
2010
Annual accounts 2010-4,9 k €↓
2009
Annual accounts 200913,2 k €↑
2008
Annual accounts 2008-7,1 k €↓
2007
Annual accounts 2007-2,1 k €↓
2006
Annual accounts 2006-1,5 k €
24/02/2006
IncorporationPublic limited company

TERRA

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