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TOURNOI

Active
Private limited company (pre-2019)founded 200520 yrs activeWaterleidingsstraat 88, 1050 Elsene, BelgiumKBO/BCE: BE 0876.760.630
Summary

The computed 12-month bankruptcy probability of TOURNOI is 4.3% (elevated). The 2025 annual accounts show negative equity (-€21,382) and a net result of -€28,773. Equity is growing by ~32.6% per year across the filed fiscal years. Its solvency ranks better than 6% of 2284 sector peers (fiscal year 2025). The company has been active since 2005 and the Belgian State Gazette contains no insolvency or warning signals.

Risk analysisWatch ReportCompare
TOURNOIActiveChecked score 45/100
Risk analysis ReportCompare

Overview

Activity
Other specialised construction activities
NACE 43990NACE 43999
Size
€157,888total assets 2025
Equity
-€21,382
Loss
-€28,773
Financial health
45 Fair Checked score 2025
Bankruptcy chance 12 m
4.3%
Structure
Accounts 2 d early0 of 3 deeds read
Why 45- Loss of €28,773, the second in a row (FY 2025)- No establishment unit in the KBO- Negative equity -€21,382+ Size: total assets €157,888Show the evidence

Checked score

Score 2025
45 / 100
Fair
Probability in this band: 1.5% to 4.2%
Better than 3% of its sector peers (NACE 43, micro)
Performance against the sector, not lower risk
Every signal that weighs is under Signals.
Financial strength · tick = 2024
Weak
Solvency 11-18
equity -13.5% of total assets
Liquidity 0-50
short-term debt 111.6% · cash 0.1%
Profitability 0-3
return on assets -18.2%
Bankruptcy probability, 12 months
4.3% Elevated
0%0.5%1.5%4%10%≥ 25%

About 4 in 100 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.7% (47,046 companies)
Last 24 months 11-2024: 1.3% 12-2024: 1.3%▲ +0.7% vs 11-2024 01-2025: 1.3%● 0.0% vs 12-2024 02-2025: 1.3%▲ +1.0% vs 01-2025 03-2025: 1.3%● 0.0% vs 02-2025 04-2025: 1.3%▼ -1.1% vs 03-2025 05-2025: 1.3%● 0.0% vs 04-2025 06-2025: 1.3%● 0.0% vs 05-2025 07-2025: 1.3%▲ +2.5% vs 06-2025 08-2025: 1.2%▼ -5.4% vs 07-2025 09-2025: 1.2%▼ -3.1% vs 08-2025lowest value 10-2025: 1.3%▲ +8.6% vs 09-2025 11-2025: 4.2%▲ +224% vs 10-2025 12-2025: 4.2%● 0.0% vs 11-2025 01-2026: 4.2%● 0.0% vs 12-2025 02-2026: 4.2%● 0.0% vs 01-2026 03-2026: 4.2%● 0.0% vs 02-2026 04-2026: 4.2%● 0.0% vs 03-2026 05-2026: 4.2%● 0.0% vs 04-2026 06-2026: 4.2%● 0.0% vs 05-2026 07-2026: 4.2%● 0.0% vs 06-2026 08-2026: 4.0%▼ -4.6% vs 07-2026 09-2026: 3.9%▼ -3.3% vs 08-2026 10-2026: 4.3%▲ +9.2% vs 09-2026highest value
  • Size: total assets €157,888 lowers the probability for this profile
  • Loss of €28,773, the second in a row (FY 2025) raises the probability
  • No establishment unit in the KBO raises the probability
  • Negative equity -€21,382 raises the probability
No credit on open account
Liquidity short (current ratio 0.87 against 1.03 in 2024; short-term debt: 111.6% and cash: 0.1% of total assets), and equity is negative.
How it is calculated

The band comes from the bankruptcy probability on a scale of 0 to 100: every 10 points more double the odds of getting through the year without bankruptcy.

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%

Place inside the band: half the bankruptcy probability, half how the company does against its sector peers (NACE 43, micro). Better than this share of them on solvency 6%, liquidity 1%, profitability 4%, growth against the median 1%. That is performance, not lower risk; the band itself always comes from the probability.

Bankruptcy probability: model pd-v3.202610021621, computed on 03-10-2026. The model learns from Belgian bankruptcies and reads the registers, the annual accounts and the gazette.

Ceilings: negative or zero equity, a heavy loss, a special KBO legal situation and a missing filing 59 (two missing 44), an ongoing judicial reorganisation or an ending 24. Financial strength does not count in the score.

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Signals

Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Size: total assets €157,888
In the bankruptcy model this factor lowers the probability for this profile.
NBB · annual accounts
raises risk · Loss of €28,773, the second in a row (FY 2025)
In the bankruptcy model this factor raises the probability.
NBB · annual accounts
raises risk · No establishment unit in the KBO
In the bankruptcy model this factor raises the probability.
KBO · seat and establishments
raises risk · Negative equity -€21,382
In the bankruptcy model this factor raises the probability.
NBB · annual accounts
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025
Equity per financial year
192021232425
2019 to 2025 · latest year -€21,382
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2025 was due by 31-10-2025 and was filed on 29-10-2025, 2 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
2 d early
2024
3 d early
2023
17 d late
2021
30 d late
2020
30 d late
2019
29 d late
2017
29 d 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 19 days after the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% of the sector filed late.

Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-03-2026 and is due by 31-10-2026. Nothing is late today. Usually files around 17 November (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Position in the running window
31-03-2026 close03-10-2026 today31-10-2026 deadline
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage
  1. Annual accounts filedfiscal year 2025 · full…
  2. Weakest financial yearnet -€28,773
  3. Annual accounts filedfiscal year 2024 · micro…

Key points

  • Risk: Negative equityfiscal year 2025: debts exceed assets -€21,382 View
  • Caution: Among the weakest 6% on solvencysector median 42.5% · 2,284 companies -13.5% View
  • Caution: 2 loss-making years in a rowloss fiscal year 2025 -€28,773 View

By topic

Financials

Fiscal year
2025
Total assets
€157,888
Loss
-€28,773
Solvency
-13.5%
Total assets▼ 23.8%
Net result
20192025
Go to Financials

Timeline

Events
12
Since
2013
Next accounts
by 31-10-2026
  1. 29-10-2025Annual accounts filed
  2. 31-03-2025Weakest financial year
  3. 28-10-2024Annual accounts filed
Go to Timeline

Company details

Legal form
Private limited company (pre-2019)
Activity
Other specialised construction activitiesNACE 43990
Founded
18-10-2005
Year ends
31-03
Peppol
Reachable for e-invoices
Go to Company details

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