TERRA NOVA SHOES
ActiveSummary
For TERRA NOVA SHOES, one filing cycle of the annual accounts is missing. The 2024 annual accounts show equity of €609k and a net result of €20k. Equity is growing by ~3.4% per year across the filed fiscal years. Its solvency ranks better than 74% of 15869 sector peers (fiscal year 2024). The company has been active since 2006 and the Belgian State Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
No current score
Figures too old
The available figures for FY 2024 are too old to assess current financial health.
Filing: One filing cycle is missing
Axes, FY 2024 · tick = 2023
Profitability72▲+7
Solvency95▲+5
Growth52=
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit advice for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Sector 46
higher
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
70%
Return on assets
2.3%
Age of the figures
27 mo
raises risk · Annual accounts not filed
The financial year that closed on 30-06-2025 was due at the National Bank by 31-01-2026. Nothing is on record, 236 days later.
NBB · 10 filingsPosition against the passed deadline
30-06-2025 close31-01-2026 deadline24-09-2026 today
neutral · Filed after the deadline
The financial year that closed on 30-06-2024 was due by 31-01-2025 and was filed on 28-02-2025, 28 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
not filed
2024
28 d late
2023
13 d late
2022
2 d late
2021
359 d late
2020
414 d late
2019
on the day
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Equity
€609k▲ 3.4%
2023 · €589k
2019: €473k
2020: €563k
2021: €634k
2022: €620k
2023: €589k
2019 → 2024
Total assets
€870k▼ 4.1%
2023 · €907k
2019: €906k
2020: €961k
2021: €1.00M
2022: €937k
2023: €907k
2019 → 2024
Net result
€20k
2023 · €-31k
2019: €75k
2020: €89k
2021: €71k
2022: €-15k
2023: €-31k
2019 → 2024
Working capital
€165k▲ 6.8%
2023 · €154k
2019: €38k
2020: €111k
2021: €191k
2022: €189k
2023: €154k
2019 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€563k-€634k▲ 12.6%€620k▼ 2.3%€589k▼ 4.9%€609k▲ 3.4%
Operating result€127k-€102k▼ 19.7%€23k▼ 77.6%€31k▲ 36.8%€29k▼ 7.8%
Net result€89k-€71k▼ 19.8%€-15k€-31k▼ 110%€20k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2024; 2024 is 8% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €870k
Fixed assets
€612k ▼ 5.4%
Current assets
€257k ▼ 0.9%
Equity and liabilities €870k
Equity
€609k ▲ 3.4%
Debt
€261k ▼ 18.0%
Debt's share of the balance-sheet total falls from 35.0% to 30.0%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€73k▼
2023 · €84k
Cash flow
€64k▲
2023 · €23k
Current ratio
2.78▲
2023 · 2.46
Debt to equity
0.43▼
2023 · 0.54
ROE
3.3%▲
2023 · -5.2%
ROA
2.3%▲
2023 · -3.4%
Interest coverage
13.76▲
2023 · 10.58
Debt ≤ 1 year
€93k▼
2023 · €106k
Debt > 1 year
€168k▼
2023 · €212k
Income taxes
€7k▼
2023 · €56k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2024 against 2023 · 50 lines
Balance sheet
Code20232024
Assets
Total assets20/58€907k€870k▼
Fixed assets21/28€647k€612k▼
Tangible fixed assets22/27€647k€612k▼
Land and buildings22€577k€557k▼
Plant, machinery and equipment23€30k€21k▼
Furniture and vehicles24€41k€35k▼
Current assets29/58€260k€257k▼
Amounts receivable after more than one year29€8k€8k=
Other amounts receivable291€8k€8k=
Amounts receivable within one year40/41€79k€109k▲
Trade receivables40€1k€1k=
Other amounts receivable41€78k€107k▲
Current investments50/53€3k€3k=
Cash at bank and in hand54/58€170k€138k▼
Equity and liabilities
Total equity and liabilities10/49€907k€870k▼
Equity10/15€589k€609k▲
Contributions10/11€7k€7k=
Reserves13€613k€613k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Tax-exempt reserves132€19k€19k=
Distributable reserves133€592k€592k=
Profit (loss) carried forward14€-31k€-10k▲
Amounts payable17/49€318k€261k▼
Amounts payable after more than one year17€212k€168k▼
Financial debts170/4€212k€168k▼
Amounts payable within one year42/48€106k€93k▼
Current portion of amounts payable after more than one year42€46k€43k▼
Financial debts43€3k€0▼
Credit institutions430/8€3k€0▼
Trade debts44€7k€2k▼
Suppliers440/4€7k€2k▼
Taxes, remuneration and social security45€9k€7k▼
Taxes450/3€9k€7k▼
Other amounts payable47/48€41k€41k=
Income statement
Code20232024
Non-recurring operating income76A€5k-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€53k€44k▼
Other operating charges640/8€7k€8k▲
Gross operating margin9900€91k€81k▼
Operating profit (loss)9901€31k€29k▼
Financial income75/76B€2k€4k▲
Recurring financial income75€2k€4k▲
Financial charges65/66B€8k€5k▼
Recurring financial charges65€8k€5k▼
Profit (loss) for the period before taxes9903€26k€27k▲
Income taxes67/77€56k€7k▼
Profit (loss) for the period9904€-31k€20k▲
Profit (loss) for the period to be appropriated9905€-31k€20k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-31k€-10k▲
Profit (loss) brought forward from the previous period14P-€-31k
The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
28-02
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 28 days late
2024
30-06
Financial
Back to profitnet €20k
Net result €20k after 2 loss-making years.
13-02
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 13 days late
2023
30-06
Financial
Weakest financial yearnet €-31k
Net result drops to €-31k, the lowest in the series; recovery starts the following year.
02-02
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 2 days late
25-01
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 359 days late
2022
21-03
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 414 days late
2020
30-06
Financial
Highest result since 2019net €89k ▲18.5%
Operating result €127k, net result €89k, both a record.
30-06
Financial
Equity above €500kEq €563k ▲19%
2 profitable years in a row build equity to €563k.
31-01
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
28-01
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
01-02
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 1 day late
2017
31-01
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
12-01
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
1 act for this company is in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Sint-Martens-Latem · 1 establishment unit since 2006
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Antoon De Pesseroeylaan 109831 Sint-Martens-LatemGround area
652 m²
Building footprint
110 m²
Volume, LiDAR
647 m³
Parcel 44015A0375/00H002, Flanders · tallest building 7.2 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
TERRA NOVA SHOES
since 20062.157.733.029
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44015A0375/00H002 | Flanders | 652 m² | 1 · 110 m² | 7.2 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
AMEDEJO
BE 0469.657.073
Aalter · Eq €610k
BREMED
BE 0467.084.593
Wavre · Eq €612k
A.B.C.D.
BE 0429.441.368
Dilbeek · Eq €595k
MANEXCO
BE 0420.049.986
Nivelles · Eq €568k
CHAUSSURES JEAN DELAERE
BE 0419.517.575
Ronse · Eq €658k
Of 199 companies in sector 46425 we hold annual accounts for 135. 96 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded09-11-2006
Fiscal year end30-06
Activities, NACEBEL 2025
46425Wholesale trade
Sources
Crossroads Bank for EnterprisesNational Bank · 17 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.
Contact details
1 entryE-mail:terranova@pandora.be