TOURNEL
InactiveInactive since 15-04-2026; last annual accounts for fiscal year 2025.
Signals
1 signal. The signal on the left, the evidence on the right.
○neutral
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 29-01-2026, 183 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
183 d early
2024
44 d early
2023
34 d early
2022
31 d early
2021
52 d early
2020
50 d early
2019
24 d early
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 7 accounts on average 60 days before the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
Checked, nothing found (1)
History
Financials · fiscal year 2025, micro schema
Equity
€341,094▲ 7.7%
2024 · €316,669
Total assets
€359,579▲ 6.5%
2024 · €337,495
Net result
€24,425▼ 68.5%
2024 · €77,476
Working capital
€341,633▲ 8.2%
2024 · €315,723
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result-€73,035€91,343€70,711▼ 22.6%€115,848▲ 63.8%€44,364▼ 61.7%
Net result-€83,416€67,980€45,888▼ 32.5%€77,476▲ 68.8%€24,425▼ 68.5%
Equity€193,199▼ 30.2%€261,179▲ 35.2%€307,067▲ 17.6%€316,669▲ 3.1%€341,094▲ 7.7%
Total assets€224,699▼ 29.3%€274,134▲ 22.0%€317,761▲ 15.9%€337,495▲ 6.2%€359,579▲ 6.5%
Debt€31,500▼ 23.7%€12,955▼ 58.9%€10,694▼ 17.5%€20,825▲ 94.7%€18,485▼ 11.2%
Working capital€187,651▼ 31.5%€257,226▲ 37.1%€304,710▲ 18.5%€315,723▲ 3.6%€341,633▲ 8.2%
Staff (FTE)
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 62% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €359,579
Fixed assets
€250 ▼ 73.5%
Current assets
€359,329 ▲ 6.8%
Equity and liabilities €359,579
Equity
€341,094 ▲ 7.7%
Debt
€18,485 ▼ 11.2%
Debt's share of the balance-sheet total falls from 6.2% to 5.1%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€45,060▼
2024 · €117,259
Cash flow
€25,121▼
2024 · €78,887
Current ratio
20.31▲
2024 · 16.16
Debt to equity
0.05▼
2024 · 0.07
ROE
7.2%▼
2024 · 24.5%
ROA
6.8%▼
2024 · 23.0%
Interest coverage
8.43▼
2024 · 46.57
Debt ≤ 1 year
€17,696▼
2024 · €20,825
Income taxes
€18,004▼
2024 · €38,926
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €114 | - | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,857 | €1,595 | €1,595 | €1,412 | €696 | ▼ 50.7% |
| Other operating charges640/8 | €3,672 | €1,872 | €1,380 | €1,218 | €1,062 | ▼ 12.8% |
| Non-recurring operating charges66A | - | - | €40,853 | - | - | - |
| Gross operating margin9900 | -€67,392 | €94,810 | €114,539 | €118,477 | €46,122 | ▼ 61.1% |
| Operating profit (loss)9901 | -€73,035 | €91,343 | €70,711 | €115,848 | €44,364 | ▼ 61.7% |
| Financial income75/76B | €0 | - | €791 | €3,072 | €3,409 | ▲ 11.0% |
| Recurring financial income75 | €0 | - | €791 | €3,072 | €3,409 | ▲ 11.0% |
| Financial charges65/66B | €1,346 | €1,126 | €869 | €2,518 | €5,344 | ▲ 112% |
| Recurring financial charges65 | €1,346 | €1,126 | €869 | €2,518 | €5,344 | ▲ 112% |
| Profit (loss) for the period before taxes9903 | -€74,381 | €90,217 | €70,633 | €116,402 | €42,429 | ▼ 63.5% |
| Income taxes67/77 | €9,035 | €22,237 | €24,744 | €38,926 | €18,004 | ▼ 53.7% |
| Profit (loss) for the period9904 | -€83,416 | €67,980 | €45,888 | €77,476 | €24,425 | ▼ 68.5% |
| Transfer from tax-exempt reserves789 | €56,250 | - | - | - | - | - |
| Profit (loss) for the period to be appropriated9905 | -€27,166 | €67,980 | €45,888 | €77,476 | €24,425 | ▼ 68.5% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €224,699 | €274,134 | €317,761 | €337,495 | €359,579 | ▲ 6.5% |
| Fixed assets21/28 | €5,548 | €3,953 | €2,358 | €946 | €250 | ▼ 73.5% |
| Tangible fixed assets22/27 | €5,548 | €3,953 | €2,358 | €946 | €250 | ▼ 73.5% |
| Land and buildings22 | €3,636 | €2,739 | €1,843 | €946 | €0 | ▼ 100% |
| Furniture and vehicles24 | €1,912 | €1,214 | €515 | €0 | €250 | - |
| Current assets29/58 | €219,151 | €270,181 | €315,403 | €336,549 | €359,329 | ▲ 6.8% |
| Amounts receivable within one year40/41 | €85,355 | €82,860 | €34,845 | €27,829 | €7,267 | ▼ 73.9% |
| Trade receivables40 | €29,116 | €26,661 | €29,352 | €27,829 | €0 | ▼ 100% |
| Other amounts receivable41 | €56,239 | €56,198 | €5,493 | €0 | €7,267 | - |
| Current investments50/53 | - | - | - | €100,000 | €0 | ▼ 100% |
| Cash at bank and in hand54/58 | €129,719 | €183,006 | €276,073 | €205,543 | €351,884 | ▲ 71.2% |
| Deferred charges and accrued income490/1 | €4,078 | €4,316 | €4,485 | €3,176 | €179 | ▼ 94.4% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €224,699 | €274,134 | €317,761 | €337,495 | €359,579 | ▲ 6.5% |
| Equity10/15 | €193,199 | €261,179 | €307,067 | €316,669 | €341,094 | ▲ 7.7% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €201,765 | €242,579 | €288,467 | €298,069 | €322,494 | ▲ 8.2% |
| Distributable reserves133 | €201,765 | €242,579 | €288,467 | €298,069 | €322,494 | ▲ 8.2% |
| Profit (loss) carried forward14 | -€27,166 | - | - | €0 | €0 | - |
| Amounts payable17/49 | €31,500 | €12,955 | €10,694 | €20,825 | €18,485 | ▼ 11.2% |
| Amounts payable within one year42/48 | €31,500 | €12,955 | €10,694 | €20,825 | €17,696 | ▼ 15.0% |
| Trade debts44 | €2,297 | €2,603 | €2,805 | €1,696 | €530 | ▼ 68.8% |
| Suppliers440/4 | €2,297 | €2,603 | €2,805 | €1,696 | €530 | ▼ 68.8% |
| Taxes, remuneration and social security45 | €5,149 | €2,517 | €2,722 | €15,757 | €17,166 | ▲ 8.9% |
| Taxes450/3 | €5,149 | €2,517 | €2,722 | €15,757 | €17,166 | ▲ 8.9% |
| Other amounts payable47/48 | €24,054 | €7,836 | €5,166 | €3,372 | €0 | ▼ 100% |
| Accrued charges and deferred income492/3 | - | - | - | - | €790 | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€83,416 | €67,980 | €45,888 | €77,476 | €24,425 | ▼ 68.5% |
| + Depreciation and write-downs630 | €1,857 | €1,595 | €1,595 | €1,412 | €696 | ▼ 50.7% |
| Operating cash flow (approximation) | -€81,559 | €69,575 | €47,483 | €78,887 | €25,121 | ▼ 68.2% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | €0 | - |
| Change in cash | - | €53,287 | €93,067 | -€70,530 | €146,340 | ▲ 307% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
29-01
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
17-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Highest result since 2018net €77,476 ▲68.8%
Operating result €115,848, net result €77,476, both a record.
27-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
30-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Back to profitnet €67,980
Net result €67,980 after one loss-making year.
31-12
Financial
Liquidity triplescurrent ratio 20.86
Current ratio from 6.96 to 20.86; short-term debt falls from €31,500 to €12,955.
31-12
Financial
Equity above €200,000Eq €261,179 ▲35.2%
Equity rises from €193,199 to €261,179.
09-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Weakest financial yearnet -€83,416
Net result drops to -€83,416, the lowest in the series.
11-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
07-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
Show earlier events
2019
12-06
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
14-06
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
15-06
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
4 acts for this company are 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, Zelzate
Ground area
1,659 m²
Building footprint
319 m²
Volume, LiDAR
1,550 m³
Parcel 43302C0217/00C000, Flanders · tallest building 9.0 m, ±2 floors. Linked by address, not a title deed.
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 43302C0217/00C000 | Flanders | 1,659 m² | 1 · 319 m² | 9.0 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Identification & contact
Identification
Legal formPrivate limited company
Founded30-05-1988
Fiscal year end31-12
E-invoicing
Reachable via Peppol
Peppol ID
0208:0434445974
Also
9925:BE0434445974
Registered
30-07-2025
The company is no longer active; its Peppol card can remain until its access point withdraws it.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.