Equity
-€1.4m
Debts exceed assets in financial year 2025.
La Tourmaline
Lifetime
19 annual accounts with figures on one time axis, 46 filings since 1979peak €1,655 (2023)
-€41,175▲ €7,680
lowest -€1.4m (2016)
-€56,155▲ €158,897
peak €4.8m (2013)
-€1.4m▼ €56,155
€17.7m▲ 10.6%
Board22 names since 2007all names
4 directorsRED Consult and 3 others
Owners6 names in the annual accounts
100%EAGLESTONE and 1 other
Documentsfilings and deeds
28-07-20263 days before the deadline
2025financial year
Gross margin from -€48,854 to -€41,175Loss of €56,1551 director appointed, 1 resignation 21-10Cash from €9,445 to €57,410
Key points
from the 2025 annual accountsLosses
-€6.3m in twelve years
Every financial year from 2014 to 2025 closed with a loss. 2016 was the heaviest.
Debts
€17.7m 109% of the balance sheet
Financial debts 97%Suppliers 3%Taxes and wages 0%
Of this, €8.1m falls due within a year.
Liquidity
2.02 was 48.69 in 2024
Short-term debts rose from €300,417 to €8.1m.
At the same address
272 companies
Position in the sector
-€1.4m
Less equity than 95% of companies in real estate. Sector median €943,146 · 5,804 companies.
Checked score
54
Fair
Financially stronger than 22% of medium-sized companies in real estate (NACE 68)
Probability in this band: 1.5% to 4.2%
Negative equity caps the score at 59.
Bankruptcy probability within 12 months
0.3% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.1% across 1,721 companies (NACE 68, medium-sized).
About 3 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.6%
01-2025: 0.6%● unchanged vs 12-2024
02-2025: 0.6%● unchanged vs 01-2025
03-2025: 0.6%● unchanged vs 02-2025
04-2025: 0.6%● unchanged vs 03-2025
05-2025: 0.6%● unchanged vs 04-2025
06-2025: 0.6%● unchanged vs 05-2025
07-2025: 0.7%▲ +0.1 percentage points vs 06-2025highest value
08-2025: 0.4%▼ -0.3 percentage points vs 07-2025
09-2025: 0.4%● unchanged vs 08-2025
10-2025: 0.4%● unchanged vs 09-2025
11-2025: 0.4%● unchanged vs 10-2025
12-2025: 0.4%● unchanged vs 11-2025
01-2026: 0.4%● unchanged vs 12-2025
02-2026: 0.4%● unchanged vs 01-2026
03-2026: 0.4%● unchanged vs 02-2026
04-2026: 0.4%● unchanged vs 03-2026
05-2026: 0.4%● unchanged vs 04-2026
06-2026: 0.4%● unchanged vs 05-2026
07-2026: 0.5%▲ +0.1 percentage points vs 06-2026
08-2026: 0.3%▼ -0.2 percentage points vs 07-2026lowest value
09-2026: 0.3%● unchanged vs 08-2026lowest value
10-2026: 0.3%● unchanged vs 09-2026lowest value
11-2026: 0.3%● unchanged vs 10-2026lowest value
Financial strengthWeak
Score breakdown
raises risk
Capped at 59: negative equity
Negative equity -€1.4m
Liquidity: current ratio 2.02, cash €57,410
lowers risk
Size: total assets €16.3m
Founded in 1968
Calculation
The band follows from the bankruptcy probability. 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 68, medium-sized). It does better than 6% of them on solvency, 19% on liquidity, 36% on profitability and 28% on growth.
The bankruptcy probability was computed on 06-11-2026 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.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 139 companies had the same profile as La Tourmaline has now. Each dot is one company, two years later.
95.7%
were still trading
2.2%
stopped another way
2.2%
went bankrupt
The bankruptcy probability of La Tourmaline itself is lower: 0.3% within 12 months. It rests on far more data about La Tourmaline than the profile alone.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 139 companies, not a prediction for La Tourmaline. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
No credit on open account
Liquidity is ample, with a current ratio of 2.02 (48.69 in 2024), above the usual 1.5. Short-term debt is 49.6% and cash 0.4% of total assets. However, equity is negative.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Six signals.
lowers riskraises riskneutral
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year -€1.4m
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 28-07-2026, 3 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
3 days early
2024
3 days early
2023
5 days early
2022
32 days early
2021
19 days early
2020
43 days early
2019
25 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 11 days before the deadline. In the sector (NACE 68), the median for financial year 2024 was 7 days before the deadline, and 36% 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 27 July (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
07-11-2026 today31-12-2026 year end31-07-2027 deadline
Board and ownership
- EAGLESTONE 100%score 84equity €4.9m (2025) · annual accounts 2025
- EAGLESTONE GROUP SARL consolidatesannual accounts 2025
Recent changes
1 director appointed, 1 resignation
Resignation: ZOU2 SRL · Permanent representatives: LAMBRIGHS Sophie and LEFEBVRE Pierre-Damien · Appointment: RED CONSULT SRL · Gazette deed
Appointment: Mazars Bedrifsrevisoren - Réviseurs d'Entreprises SRL (statutory auditor)
General meeting of 27-06-2023 · Gazette deed
Registered office moved to Brussels
New registered office: 480 Avenue Louise à 1050 Bruxelles, 16ème étage · Previous registered office: 489 Avenue Louise · Permanent representative: Serge Solau · Board meeting of 29-09-2022 · Gazette deed
3 directors appointed, 2 resignations
Resignations: ZOU2 and RED Consult · Permanent representatives: LAMBRIGHS Sophie, LEFEBVRE Pierre-Damien Jean Louis Marie, CLERMONT Gaëtan Frank Eric and ORTS Nicolas Pierre Sibylle Maurice · Appointments: E-State, NICOLAS ORTS and ZOU2 · General meeting of 25-01-2022 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| La Tourmaline Ixelles | €16.3m | -€41,175 | -8.7% | - |
| Brico-Trading Dilbeek | €11.1m | -€10,157 | 43.5% | 0 |
| Meyers Handelsonderneming Aartselaar | €11.0m | -€2,224 | 82.3% | - |
| TREBORINVEST Brussels | €8.6m | -€17,264 | 89.5% | - |
| Infinito Brussels | €32.8m | -€3,366 | 66.0% | 0 |
| Rue Neuve 9 Brussels | €22.4m | -€206,795 | 99.0% | - |
| STEVAN Lendelede | €9.7m | -€115,820 | 14.5% | 0 |
These companies have the same main activity as La Tourmaline: renting and operating of own or leased non-residential real estate, excluding land (NACE 68203). They are comparable in size and age: total assets between €8.6m and €33m, founded between 1967 and 1993.
Official details
Source: KBO- Status
- ActiveNormal situation
- Registered office
- 273 active companies are registered at this address19 started in the 12 months before. Source: KBO register, as of 6 November 2026.
- Activity
- Renting and operating of own or leased non-residential real estate, excluding landNACE 68203
- Establishment unit
- 2.016.438.3741050 Ixelles, since 05-06-1979
- Financial year end
- 31 December
- Peppol
- Reachable since 20-11-2020
Annual accounts 2025
- €16.3m▲ 11.2%
- Filing
- Filed on 28-07-2026, 3 days before the end of the filing period
Insights on La Tourmaline
La Tourmaline has been active since 1968 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€1.4m) and a net result of -€56,155.
Equity has been shrinking by about 50% per year since 2018. Its solvency ranks better than 9% of 5,803 sector peers (NACE 68, financial year 2025).
The computed 12-month bankruptcy probability is 0.3% (very low).
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about La Tourmaline
- What is the company number of La Tourmaline?
- The company number of La Tourmaline is 0407.963.390. The VAT number is the same number with BE in front: BE 0407.963.390.
- Where is La Tourmaline based?
- The registered office is at Louizalaan 480, 1050 Ixelles.Company details
- What does La Tourmaline do?
- According to the KBO register, the main activity is renting and operating of own or leased non-residential real estate, excluding land (NACE 68203).
- What is the legal form of La Tourmaline?
- La Tourmaline is a public limited company (NV).
- When was La Tourmaline founded?
- La Tourmaline was founded on 01-01-1968.
- Is La Tourmaline still active?
- Yes, La Tourmaline is an active enterprise in the KBO register.
- What is the turnover of La Tourmaline?
- The annual accounts for financial year 2025 state no turnover.Financials
- Is La Tourmaline profitable?
- In financial year 2025, La Tourmaline made a loss of €56,155.
- Where can I find the annual accounts of La Tourmaline?
- La Tourmaline filed 46 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of La Tourmaline due?
- La Tourmaline must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
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