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TERRE asbl

Active
Non-profit associationfounded 1963active for 63 yearsRue de Milmort 690, 4040 Herstal, Belgium12 active companies are registered at this addressKBO/BCE: BE 0407.214.809
Summary

The annual accounts of TERRE asbl for financial year 2025 show a net loss of 81% of the equity at the start of that year. The 2025 annual accounts show equity of €693,405 and a net result of -€2.8m. Equity is shrinking by about 6.8% per year across the filed financial years. Its solvency ranks better than 18% of 255 sector peers (NACE 38, financial year 2025). The association has been active since 1963 and the Belgian Official Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 0.2% (very low).

Risk analysisFollow ReportCompare
TERRE asblActiveChecked score 53/100
Risk analysis ReportCompare

Overview

Activity
Materials recovery from waste
NACE 38210Wholesale trade NACE 46872
Oldest company in the province of Liège, Waste collection and treatment sector32 sites
Size
€14.2mturnover 2025
Staff
244.1 FTE
Equity
€693,405
Deficit
-€2.8m
Financial health
53 Fair Checked score 2025
Bankruptcy probabilitywithin 12 months
0.2%
Structure
Board
11 members
Holdings
5
2025 accounts filed 55 days late3 of 22 deeds summarised
Why 53raises riskCapped at 59: a net loss of at least half of total assets or of the equity at the start of the financial yearLoss of €2.8m, the second in a row (financial year 2025)Equity €693,405 (7.8% of total assets)Sector: Waste collection, recovery and disposal activities (NACE 38)lowers riskLegal form: non-profit associationShow the evidence

Checked score

Score 2025
53 / 100
Fair
Probability in this band: 1.5% to 4.2%
Financially better than 9% of its sector peers (NACE 38, medium-sized)
A net loss of at least half of total assets or of the equity at the start of the financial year caps the score at 59. Every signal that counts is listed under Signals.
Financial strength · tick = 2024
Weak
Solvency 33-26
equity 7.8% of total assets
Liquidity 15-19
short-term debt 79.9% · cash 7.0%
Profitability 0-10
return on assets -31.9%
Bankruptcy probability, 12 months
0.2% Very low
0%0.5%1.5%4%10%≥ 25%

About 2 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.2% (47 companies, NACE 38, medium-sized)
Last 24 months 11-2024: < 0.1% 12-2024: < 0.1%● unchanged vs 11-2024 01-2025: < 0.1%● unchanged vs 12-2024 02-2025: < 0.1%● unchanged vs 01-2025lowest value 03-2025: < 0.1%● unchanged vs 02-2025lowest value 04-2025: < 0.1%● unchanged vs 03-2025 05-2025: < 0.1%● unchanged vs 04-2025 06-2025: < 0.1%● unchanged vs 05-2025 07-2025: < 0.1%● unchanged vs 06-2025 08-2025: < 0.1%● unchanged vs 07-2025 09-2025: < 0.1%● unchanged vs 08-2025 10-2025: < 0.1%● unchanged vs 09-2025 11-2025: < 0.1%● unchanged vs 10-2025 12-2025: < 0.1%● unchanged vs 11-2025 01-2026: < 0.1%● unchanged vs 12-2025 02-2026: < 0.1%● unchanged vs 01-2026 03-2026: < 0.1%● unchanged vs 02-2026 04-2026: < 0.1%● unchanged vs 03-2026 05-2026: < 0.1%● unchanged vs 04-2026 06-2026: < 0.1%● unchanged vs 05-2026 07-2026: < 0.1%● unchanged vs 06-2026 08-2026: 0.1%▲ +0.1 percentage points vs 07-2026 09-2026: 0.2%▲ +0.1 percentage points vs 08-2026 10-2026: 0.2%● unchanged vs 09-2026highest value
Credit of up to €35,000 on 30-day terms, only on tighter conditions
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity insufficient (current ratio 0.71, compared with 1.1 in 2024, below 1; short-term debt: 79.9% and cash: 7% of total assets), and 92.2% of the assets are financed with debt and provisions.
How it is calculated

The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:

75-100 Excellent under 0.55%
60-74 Healthy 0.55% to 1.5%
45-59 Fair 1.5% to 4.2%
25-44 Weak 4.2% to 15.0%
0-24 Critical over 15.0%

Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 38, medium-sized): better than 11% on solvency, 13% on liquidity, 5% on profitability and 9% on growth.

The bankruptcy probability was computed on 25-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.

Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).

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Signals

Seven signals.
lowers riskraises risk
lowers risk · Legal form: non-profit association
KBO
raises risk · Loss of €2.8m, the second in a row (financial year 2025)
NBB · annual accounts
raises risk · Equity €693,405 (7.8% of total assets)
NBB · annual accounts
raises risk · Sector: Waste collection, recovery and disposal activities (NACE 38)
KBO
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025
Net result per financial year
1819202122232425
2018 to 2025 · latest year -€2.8m
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 18% of 255 sector peers (2025).
NBB · sector comparison
Position among 255 sector peers
Solvency
better than 18%
← weakest strongest →
raises risk · 2025 accounts filed 55 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 24-09-2026, 55 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 10 filings
Deviation from the deadline
2025
55 days late
2024
28 days late
2023
9 days early
2022
14 days early
2021
26 days early
2020
22 days early
2019
19 days late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 7 accounts on average 4 days after the deadline; the sector median (NACE 38) for financial year 2024 is 8 days before the deadline, and 32% of those companies filed late.

Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 23 July (4 of the last 5 filed years within 36 days of that day).
Companies Code · seven months
Where today falls in the filing period
26-10-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
Searched since 2021.
KBO publications · our coverage
  1. Annual accounts filedfinancial year 2025 · abbreviated…
  2. Resignations: Kelly Castillo-Morillo, Déborah Delmotte and…Appointments: Ludovic Ferez, Cath Simon…
  3. Weakest financial yearnet -€2.8m

Key points

  • Risk: 3 loss-making years in a rowloss financial year 2025 -€2.8m View
  • Caution: Result fell in 2025from -€954,625 to -€2.8m ▼ 198% View
  • Caution: Among the weakest 5% on net resultsector median €34,492 · 256 companies -€2.8m View
  • Board changedlatest change 30-06-2026 · 11 in office 12 joined · 4 left View
  • Active since 1963founded 25-04-1963 63 years View
  • Wallonia-Brussels supportpaid from 2023 to 2025 €447,434 View

By topic

Financials

Financial year
2025
Turnover
€14.2m
Loss
-€2.8m
Solvency
7.8%
Turnover▼ 6.0%
Net result
20182025
Go to Financials

Board & ownership

Board
11 members
  • Anne-Sophie HeurionDirector
  • Benoît GaublommeDirector
  • Cath SimonDirector
  • Corrado LecrondDirector
  • Elisabeth LeclouxDirector

and 6 other directors

Go to Board & ownership

Timeline

Events
26
Since
2007
Next accounts
by 31-07-2027
  1. 28-08-2025Annual accounts filed
  2. 23-01-2025Resignation: Catherine Albert (director)
  3. 22-07-2024Annual accounts filed
Go to Timeline

Company details

Sites
32
Legal form
Non-profit association
Activity
Materials recovery from wasteNACE 38210
Founded
25-04-1963
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

Articles of association

Provisions read
22
Purpose
“La collecte sélective et le tri de matières, notamment les vêtements usagés mais aussi…” (deed in French)
Go to Articles of association

Key facts about TERRE asbl

What is the company number of TERRE asbl?
0407.214.809. In Belgium the VAT number is the company number with BE in front: BE 0407.214.809.
Where is TERRE asbl based?
The registered office is at Rue de Milmort 690, 4040 Herstal.Company details
What does TERRE asbl do?
According to the KBO register, the main activity is materials recovery from waste (NACE 38210).
What is the legal form of TERRE asbl?
Non-profit association (VZW).
When was TERRE asbl founded?
On 25-04-1963.
Is TERRE asbl still active?
Yes, TERRE asbl is an active enterprise in the KBO register.
How many employees does TERRE asbl have?
On average 244.1 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
What is the turnover of TERRE asbl?
€14.2m in financial year 2025, according to the filed annual accounts.
Is TERRE asbl profitable?
In financial year 2025, TERRE asbl made a loss of €2.8m.
Where can I find the annual accounts of TERRE asbl?
TERRE asbl filed 20 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
When are the next annual accounts of TERRE asbl due?
By 31-07-2027, for financial year 2026.Timeline

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