About Terracorrect
Terracorrect is a private limited company (BV/SRL) based in Wielsbeke, founded in 2014. Its main activity is classified as "Terugwinning van materialen uit afval". For the 2025 financial year, Terracorrect reported a profit of €114,712. That makes 4 profitable financial years in a row for Terracorrect. Revenue was not published, which is common for abbreviated accounts. The gross margin came to €718,955, up 114% on 2024. It employed an average of 2.8 full-time equivalents. Equity stands at €533,811, a solvency ratio of 27%. In 2015 it was €8,388. 10 annual accounts are available, covering 2015 to 2025.
- Signals
-
ProfitableProfitable € 268K
The company reported a positive net result in the latest financial year.
Strong equityStrong equity € 534KStrong equity provides a buffer against setbacks.
Positive cashflowPositive cashflow € 209KPositive operating cash flow in the latest financial year.
Positive EBITDAPositive EBITDA € 362KPositive EBITDA: operating activities are profitable.
Healthy social debtHealthy social debt 16.6%Social debts stay manageable relative to personnel costs.
Financial ratios
|
|
2025
|
2024
|
2023
|
2022
|
|---|---|---|---|---|
|
€
719K
|
€
337K
|
€
299K
|
€
347K
|
|
|
€
362K
|
€
124K
|
€
222K
|
€
259K
|
|
|
€
115K
|
€
20K
|
€
124K
|
€
86K
|
|
|
€
534K
|
€
419K
|
€
399K
|
€
275K
|
|
|
27.25%
|
17.19%
|
31.37%
|
32.09%
|
|
|
€
1.39M
|
€
2.02M
|
€
874K
|
€
582K
|
|
|
€
57K
|
€
90K
|
€
161K
|
€
128K
|
|
|
2.80
|
2.80
|
1.80
|
0.80
|
Publications 6
All publications- Statuten (Vertaling, Cordinatie, Overige Wijzigingen, ) - Wijziging Rechtsvorm - Ontslagen - Benoemingen - Algemene Vergadering - Boekjaar 14/10/2021
- Maatschappelijke Zetel 11/12/2019
- Me. - Jaarrekening 30.09.2016, Ggk 05.03.2017, Ngl 03.04.2017 17086-0481-015 12/04/2017
- Me. - Jaarrekening 30.09.2015, Ggk 02.03.2016, Ngl 01.04.2016 16088-0277-012 05/04/2016
- Maatschappelijke Zetel - Ontslagen - Benoemingen 21/10/2015
Frequently asked questions
Answers to the most common questions about Terracorrect, based on official government data and the filed annual accounts.
What is the VAT number of Terracorrect?
The VAT number of Terracorrect is BE0567.547.790.
How many employees work at Terracorrect?
In 2025, Terracorrect employed 2.80 full-time equivalents (FTE).
When was Terracorrect established?
Terracorrect was founded in 03-11-2014.
What is the official address of Terracorrect?
The official address of Terracorrect is Sluisstraat 7 Wielsbeke 8710.
What is the legal form of Terracorrect?
The juridical form of Terracorrect is Private limited company (BV/SRL).
What is the annual revenue of Terracorrect?
The 2025 accounts of Terracorrect do not report revenue. Smaller companies that file abbreviated accounts are not required to publish it.
Is Terracorrect a reliable company?
Terracorrect is a registered Rechtspersoon with company number 0567.547.790 and can be verified through the official CBE database.
What is the credit limit of Terracorrect?
The estimated credit limit of Terracorrect is €320,754.
Is Terracorrect still active?
Terracorrect currently has the status "Normal situation" and is active.