ACTIVE

TERRA COSA

Financial year 2025 · closed on 31/12/2025
Net result
6,1 k €
-31.9% YoY
Gross margin
136,8 k €
+309.2% YoY
Equity
78,9 k €
+8.4% YoY

What does TERRA COSA do?

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

Legal situation
Normal situation
BCE/KBO no. / VAT
BE 0881.076.239
Incorporation
21/04/2006
Legal form
Public limited company
Registered office
Oudenburgsesteenweg 106
8400 Oostende · FlandreSee on map
Contributed capital
61 500,00 €
Latest accounts
31/12/2025
Signals
ProfitablePositive cashflowPositive EBITDA
Health score
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Recommended credit limit
✦ Verdict · Analyst summary
Financials

Trend over 18 financial years

202520242023202220212020201920182017201620152014201320122011201020092008
Income statement
Gross margin136,8 k €33,4 k €121,8 k €110,6 k €21,1 k €128,7 k €74,2 k €131,2 k €118,9 k €235,6 k €
EBITDA30,5 k €25,1 k €82,8 k €74,2 k €-8,6 k €94,7 k €55,9 k €105,2 k €98,9 k €193,9 k €34,3 k €9 k €120,9 k €197,6 k €59,3 k €91 k €-65,6 k €102,6 k €
Operating result-7,9 k €-10 k €44 k €31,4 k €-45,2 k €69 k €-38,5 k €44,2 k €65,6 k €142,2 k €-17,2 k €-52,7 k €71,2 k €146 k €20,2 k €43,5 k €-92,6 k €91,2 k €
Net result6,1 k €9 k €59,2 k €31,9 k €-46,3 k €68,6 k €-38,9 k €28,5 k €40,3 k €117,2 k €-24,8 k €-59,8 k €44,3 k €105,9 k €8,1 k €53,6 k €-95,7 k €63 k €
Balance sheet
Equity78,9 k €72,8 k €268,8 k €209,6 k €177,7 k €224 k €220,3 k €259,3 k €230,8 k €190,4 k €73,2 k €98 k €157,8 k €263,6 k €157,7 k €149,6 k €96 k €191,6 k €
Total assets1,7 M €1,4 M €1,9 M €1,6 M €1,2 M €891,8 k €588,8 k €846,4 k €565,5 k €666,1 k €624,8 k €679,4 k €631,7 k €708,4 k €670,1 k €728,6 k €625,5 k €384,9 k €
Cash539,1 €95 k €1,4 k €8,6 k €71,5 k €61,4 k €57,7 k €
Debts1,6 M €1,3 M €1,7 M €1,4 M €1 M €642,5 k €367,1 k €585 k €332,1 k €475,2 k €550,7 k €581,2 k €473,8 k €439,4 k €512,2 k €579 k €529,5 k €193,2 k €
Estimate

Indicative valuation

As an indication, this company is worth

between 100 k€ and 250 k€
See the valuation
Governance

Board of directors

Seen on filing of 31/12/2025 · 3 active · 31 ended

Active mandates

VERHELST GROUP

Managing director · since 29 juin 2024 · until 28 juin 2030 · 0466.316.018

Represented by Johan VERHELST

Active
GeMa-con

Director · since 01 juillet 2020 · until 26 juin 2026 · 0722.981.679

Represented by Gene Maertens

Active
RENONG

Director · since 01 juillet 2020 · until 26 juin 2026 · 0652.810.394

Represented by Dries Devroe

Active

Ended mandates

VERHELST GROUP

Managing director · since 29 juin 2024 · until 29 juin 2029 · 0466.316.018

Represented by Johan VERHELST

Ended
GeMa-con

Director · since 01 juillet 2020 · until 16 mai 2026 · 0722.981.679

Represented by Gene Maertens

Ended
RENONG

Director · since 01 juillet 2020 · until 16 mai 2026 · 0652.810.394

Represented by Dries Devroe

Ended
CAROLINE VANHEEDE

Director · since 09 mai 2018 · until 04 mai 2024

Ended
At this address

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VERHELST GROUPActive
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Annual accounts

Full financial information

202520242023202220212020
Type of accountAbridged modelAbridged modelAbridged modelAbridged modelAbridged modelAbridged 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 date15/07/202614/07/202516/07/202427/06/202312/07/202214/07/2021
General meeting26/06/202627/06/202528/06/202420/05/202316/06/202204/06/2021
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls
Ratios

Financial ratios

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Filings

Annual accounts filings

19 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Abridged model31/12/202526/06/202615/07/2026DutchPDF
Abridged model31/12/202427/06/202514/07/2025DutchPDF
Abridged model31/12/202328/06/202416/07/2024DutchPDF
Abridged model31/12/202220/05/202327/06/2023DutchPDF
Abridged model31/12/202116/06/202212/07/2022DutchPDF
Abridged model31/12/202004/06/202114/07/2021DutchPDF
Abridged model31/12/201916/05/202023/06/2020DutchPDF
Abridged model31/12/201818/05/201919/06/2019DutchPDF
Abridged model31/12/201721/06/201814/07/2018DutchPDF
Abridged model31/12/201630/06/201707/07/2017DutchPDF
Full model31/12/201524/06/201613/07/2016DutchPDF
Full model31/12/201426/06/201514/07/2015DutchPDF
Full model31/12/201327/06/201414/07/2014DutchPDF
Full model31/12/201228/06/201312/07/2013DutchPDF
Full model31/12/201129/06/201211/07/2012DutchPDF
Full model31/12/201024/06/201107/07/2011DutchPDF
Full model31/12/200925/06/201028/06/2010DutchPDF
Full model31/12/200826/06/200907/07/2009DutchPDF
Full model31/12/200727/06/200818/07/2008DutchPDF
Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 100 k€ and 250 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 · 3 active · 31 ended

Active mandates

VERHELST GROUP

Managing director · since 29 juin 2024 · until 28 juin 2030 · 0466.316.018

Represented by Johan VERHELST

Active
GeMa-con

Director · since 01 juillet 2020 · until 26 juin 2026 · 0722.981.679

Represented by Gene Maertens

Active
RENONG

Director · since 01 juillet 2020 · until 26 juin 2026 · 0652.810.394

Represented by Dries Devroe

Active

Ended mandates

VERHELST GROUP

Managing director · since 29 juin 2024 · until 29 juin 2029 · 0466.316.018

Represented by Johan VERHELST

Ended
GeMa-con

Director · since 01 juillet 2020 · until 16 mai 2026 · 0722.981.679

Represented by Gene Maertens

Ended
RENONG

Director · since 01 juillet 2020 · until 16 mai 2026 · 0652.810.394

Represented by Dries Devroe

Ended
CAROLINE VANHEEDE

Director · since 09 mai 2018 · until 04 mai 2024

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Mandates11/09/2026
    Benoeming bestuurders
    PDF
  • Mandates01/10/2025
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates22/05/2025
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Other03/01/2024
    ALGEMENE VERGADERING
    PDF
  • Mandates17/11/2021
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates23/07/2020
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Other10/01/2019
    STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …)
    PDF
  • Mandates27/07/2018
    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

Timeline

  1. 2025
    Annual accounts 20256,1 k €
  2. 2024
    Annual accounts 20249 k €
  3. 2023
    Annual accounts 202359,2 k €
  4. 2022
    Annual accounts 202231,9 k €
  5. 2021
    Annual accounts 2021-46,3 k €
  6. 2020
    Annual accounts 202068,6 k €
  7. 2019
    Annual accounts 2019-38,9 k €
  8. 2018
    Annual accounts 201828,5 k €
  9. 2017
    Annual accounts 201740,3 k €
  10. 2016
    Annual accounts 2016117,2 k €
  11. 2015
    Annual accounts 2015-24,8 k €
  12. 2014
    Annual accounts 2014-59,8 k €
  13. 2013
    Annual accounts 201344,3 k €
  14. 2012
    Annual accounts 2012105,9 k €
  15. 2011
    Annual accounts 20118,1 k €
  16. 2010
    Annual accounts 201053,6 k €
  17. 2009
    Annual accounts 2009-95,7 k €
  18. 2008
    Annual accounts 200863 k €
  19. 21/04/2006
    IncorporationPublic limited company