ACTIVE

Terrabel

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Financial year 2025 · closed on 31/12/2025

Net result

91,7 k €

-46.7% YoY

Gross margin

986,9 k €

+5.6% YoY

Equity

1,5 M €

+6.9% YoY

Workforce

539 180,3 ETP

+20.8% YoY

What does Terrabel do?

Terrabel is a Private limited company incorporated in 2007. Its registered office is in Walcourt. It employs on average 539 180,3 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0893.201.734

Incorporation

31/10/2007

Legal form

Private limited company

Registered office

Rue Wayaux(Cha) 30
5650 Walcourt · WallonieSee on map

Contributed capital

18 600,00 €

Latest accounts

31/12/2025

Average workforce

539 180,3 ETP

Contacts

1 public detail availableLog in to view

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

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Health score

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✦ Verdict · Analyst summary

Financials

Trend over 18 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008
Income statement
Gross margin	986,9 k €	+5.6%	934,9 k €	+16.9%	800 k €	+12.5%	711,3 k €	-23.9%	934,4 k €	+27.1%	735 k €	-12.3%	838,5 k €	+26.3%	664 k €	+3.0%	644,6 k €	+12.6%	572,6 k €	+1.0%	566,7 k €	+7.3%	528 k €	+6.2%	497,4 k €	+10.9%	448,3 k €	+13.7%	394,2 k €	+112%	185,8 k €	+53.8%	120,8 k €	+46.9%	82,2 k €
EBITDA	445,2 k €	-8.6%	487,3 k €	+9.7%	444,3 k €	+33.2%	333,7 k €	-40.6%	562,1 k €	+46.0%	384,9 k €	-3.3%	398,2 k €	+12.2%	354,9 k €	-0.5%	356,7 k €	+0.6%	354,6 k €	+0.3%	353,4 k €	+5.5%	335 k €	-2.2%	342,4 k €	+33.1%	257,3 k €	-2.6%	264,2 k €	+55.3%	170,1 k €	+56.6%	108,7 k €	+34.1%	81 k €
Operating result	116 k €	-45.7%	213,6 k €	+12.5%	189,9 k €	+132%	81,7 k €	-71.9%	290,4 k €	+105%	141,9 k €	+35.7%	104,6 k €	-7.6%	113,2 k €	+27.6%	88,7 k €	-16.7%	106,4 k €	+24.9%	85,2 k €	-23.9%	111,9 k €	-12.3%	127,7 k €	+157%	49,6 k €	-54.4%	108,6 k €	+173%	39,9 k €	+183%	14,1 k €	-38.6%	23 k €
Net result	91,7 k €	-46.7%	172,1 k €	+12.0%	153,7 k €	+119%	70,1 k €	-69.6%	230,5 k €	+119%	105,3 k €	+12.9%	93,3 k €	-2.4%	95,6 k €	+41.8%	67,4 k €	-21.8%	86,2 k €	+58.9%	54,2 k €	-30.5%	78,1 k €	+7.6%	72,6 k €	+189%	25,1 k €	-62.5%	66,9 k €	+381%	13,9 k €	+342%	3,1 k €	-70.8%	10,8 k €
Balance sheet
Equity	1,5 M €	+6.9%	1,4 M €	+12.2%	1,3 M €	+13.4%	1,1 M €	+6.8%	1 M €	+28.4%	806,3 k €	+11.9%	720,3 k €	+20.3%	598,8 k €	+15.5%	518,3 k €	+11.2%	465,9 k €	+24.7%	373,7 k €	+13.2%	330,2 k €	+45.9%	226,3 k €	+48.1%	152,8 k €	+13.3%	134,9 k €	+191%	46,4 k €	+42.8%	32,5 k €	+40.3%	23,2 k €
Total assets	2,1 M €	+0.9%	2,1 M €	-4.7%	2,2 M €	+21.4%	1,8 M €	-3.9%	1,9 M €	+31.7%	1,4 M €	-22.2%	1,8 M €	+10.4%	1,7 M €	+4.1%	1,6 M €	+30.8%	1,2 M €	-7.5%	1,3 M €	-4.4%	1,4 M €	+10.2%	1,2 M €	+29.9%	960,9 k €	+6.1%	906 k €	+24.3%	728,6 k €	+41.6%	514,7 k €	+41.8%	363 k €
Cash	374,7 k €	-7.8%	406,3 k €	-19.6%	505,3 k €	+24.6%	405,5 k €	-19.7%	505,1 k €	+18.2%	427,2 k €	+156%	166,9 k €	+5.8%	157,7 k €	-1.7%	160,4 k €	-15.4%	189,6 k €	-9.8%	210,3 k €	-21.5%	268 k €	+237%	79,6 k €	-40.8%	134,5 k €	-20.1%	168,2 k €	+110%	80 k €	+270%	21,6 k €	-30.0%	30,9 k €
Debts	589,2 k €	-11.1%	662,7 k €	-27.4%	912,7 k €	+33.6%	683,2 k €	-17.1%	824,6 k €	+34.2%	614,3 k €	-44.3%	1,1 M €	+5.1%	1,1 M €	-1.4%	1,1 M €	+42.5%	747,3 k €	-20.1%	935,8 k €	-9.9%	1 M €	+2.5%	1 M €	+25.4%	808,1 k €	+4.8%	771 k €	+13.0%	682,2 k €	+41.5%	482,2 k €	+41.9%	339,9 k €
Other
Workforce	539 180,3 ETP	+20.8%	446 520,8 ETP	+26.1%	353 978,6 ETP	-5.5%	374 563,8 ETP	+3984621%	9,4 ETP	-5.1%	9,9 ETP	-7.5%	10,7 ETP	+37.2%	7,8 ETP	-8.2%	8,5 ETP	+9.0%	7,8 ETP	+20.0%	6,5 ETP	+16.1%	5,6 ETP	+21.7%	4,6 ETP	-24.6%	6,1 ETP	+41.9%	4,3 ETP	+330%	1,0 ETP	+25.0%	0,8 ETP		–

Estimate

Indicative valuation

As an indication, this company is worth

between 1 M€ and 2,5 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 1 ended

Active mandates

Dominique VAN BELLEGHEM

Mandate

Active

Ended mandates

Dominique VAN BELLEGHEM

Manager

Ended

At this address

Other companies at this address

Company	CBE no.
Association Anciaux - Van Belleghem● Active	0723.776.584
R.V.B. AGRI● Active	0463.367.713
TERRAMAX● Active	0848.165.327

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	29/07/2026	30/07/2025	23/10/2024	27/07/2023	25/08/2022	31/07/2021
General meeting	30/06/2026	28/07/2025	27/07/2024	27/06/2023	28/06/2022	29/06/2021
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

18 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	30/06/2026	29/07/2026	French	PDF
Abridged model	31/12/2024	28/07/2025	30/07/2025	French	PDF
Abridged model	31/12/2023	27/07/2024	23/10/2024	French	PDF
Abridged model	31/12/2022	27/06/2023	27/07/2023	French	PDF
Abridged model	31/12/2021	28/06/2022	25/08/2022	French	PDF
Abridged model	31/12/2020	29/06/2021	31/07/2021	French	PDF
Abridged model	31/12/2019	20/06/2020	22/07/2020	French	PDF
Abridged model	31/12/2018	29/06/2019	31/07/2019	French	PDF
Abridged model	31/12/2017	29/06/2018	31/07/2018	French	PDF
Abridged model	31/12/2016	30/06/2017	28/07/2017	French	PDF
Abridged model	31/12/2015	30/06/2016	03/08/2016	French	PDF
Abridged model	31/12/2014	31/07/2015	31/08/2015	French	PDF
Abridged model	31/12/2013	27/06/2014	25/07/2014	French	PDF
Abridged model	31/12/2012	28/07/2013	29/07/2013	French	PDF
Abridged model	31/12/2011	28/07/2012	22/08/2012	French	PDF
Abridged model	31/12/2010	28/06/2011	23/08/2011	French	PDF
Abridged model	31/12/2009	29/06/2010	29/07/2010	French	PDF
Abridged model	31/12/2008	02/11/2009	20/11/2009	French	PDF

Estimate

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.

Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 1 ended

Active mandates

Dominique VAN BELLEGHEM

Mandate

Active

Ended mandates

Dominique VAN BELLEGHEM

Manager

Ended

Shareholders

Ownership and network

Looking for more information about this company?

Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates21/09/2026
DIVERS, DEMISSIONS, NOMINATIONS, OBJET, MODIFICATION
PDF
Other12/11/2007
RUBRIQUE CONSTITUTION (NOUVELLE PERSONNE MORALE, OUVERTURE SUCCURSALE, ETC...)
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 202591,7 k €↓
2024
Annual accounts 2024172,1 k €↑
2023
Annual accounts 2023153,7 k €↑
2022
Annual accounts 202270,1 k €↓
2021
Annual accounts 2021230,5 k €↑
2020
Annual accounts 2020105,3 k €↑
2019
Annual accounts 201993,3 k €↓
2018
Annual accounts 201895,6 k €↑
2017
Annual accounts 201767,4 k €↓
2016
Annual accounts 201686,2 k €↑
2015
Annual accounts 201554,2 k €↓
2014
Annual accounts 201478,1 k €↑
2013
Annual accounts 201372,6 k €↑
2012
Annual accounts 201225,1 k €↓
2011
Annual accounts 201166,9 k €↑
2010
Annual accounts 201013,9 k €↑
2009
Annual accounts 20093,1 k €↓
2008
Annual accounts 200810,8 k €
31/10/2007
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

Terrabel

Overview

What does Terrabel do?

Trend over 18 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