TOURNOV
ActiveSummary
TOURNOV has been active since 2009 and the Belgian State Gazette contains no insolvency or warning signals. The 2026 annual accounts show equity of €1.35M and a net result of €64k. Equity is growing by ~14.4% per year across the filed fiscal years. Its solvency ranks better than 52% of 123 sector peers (fiscal year 2026). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2026
Axes · tick = 2025
Profitability33▼-45
Solvency79▼-9
Growth78=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €90k at 30 days acceptable
Liquidity ample (current ratio 2.49 against 2.84 in 2025; short-term debt: 5.8% and cash: 2% of total assets), and 46.1% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2026Solvency, return and age of the figures
Solvency
53.9%
Return on assets
2.6%
Age of the figures
6 mo
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2026 was due by 31-10-2026 and was filed on 04-09-2026, 57 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2026
57 d early
2025
58 d early
2024
37 d early
2023
55 d early
2022
40 d early
2021
61 d early
2020
38 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-03-2027 and is due by 31-10-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
25-09-2026 today31-03-2027 close31-10-2027 deadline
Financials · fiscal year 2026, abbreviated schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€64k▼ 57.3%
2025 · €150k
2019: €61klowest in 8 years
2020: €115k▲ +88.3% vs 2019
2021: €127k▲ +10.5% vs 2020
2022: €90k▼ -29.0% vs 2021
2023: €168k▲ +86.2% vs 2022highest in 8 years
2024: €149k▼ -11.4% vs 2023
2025: €150k▲ +0.8% vs 2024
2026: €64k▼ -57.3% vs 2025
2019 → 2026
Working capital
€214k▼ 15.1%
2025 · €252k
2019: €-282klowest in 8 years
2020: €-223k▲ +20.9% vs 2019
2021: €-138k▲ +38.3% vs 2020
2022: €-91k▲ +34.0% vs 2021
2023: €38k▲ +142% vs 2022
2024: €146k▲ +283% vs 2023
2025: €252k▲ +73.0% vs 2024highest in 8 years
2026: €214k▼ -15.1% vs 2025
2019 → 2026
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20222023202420252026Trend
Equity€813k-€982k▲ 20.7%€1.13M▲ 15.2%€1.28M▲ 13.3%€1.35M▲ 5.0%
2022: €813klowest in 5 years
2023: €982k▲ +20.7% vs 2022
2024: €1.13M▲ +15.2% vs 2023
2025: €1.28M▲ +13.3% vs 2024
2026: €1.35M▲ +5.0% vs 2025highest in 5 years
Operating result€163k-€272k▲ 67.0%€255k▼ 6.3%€251k▼ 1.2%€12k▼ 95.2%
2022: €163k
2023: €272k▲ +67.0% vs 2022highest in 5 years
2024: €255k▼ -6.3% vs 2023
2025: €251k▼ -1.2% vs 2024
2026: €12k▼ -95.2% vs 2025lowest in 5 years
Net result€90k-€168k▲ 86.2%€149k▼ 11.4%€150k▲ 0.8%€64k▼ 57.3%
2022: €90k
2023: €168k▲ +86.2% vs 2022highest in 5 years
2024: €149k▼ -11.4% vs 2023
2025: €150k▲ +0.8% vs 2024
2026: €64k▼ -57.3% vs 2025lowest in 5 years
Result per fiscal year
Operating resultNet result
The operating result has fallen three years in a row; 2026 is 95% below 2025 and is the lowest result in the available series.
Balance-sheet composition
2026 in colour, 2025 as the grey bar beneath
Assets €2.50M
Fixed assets
€2.14M ▲ 29.1%
Current assets
€358k ▼ 8.1%
Equity and liabilities €2.50M
Equity
€1.35M ▲ 5.0%
Debt
€1.15M ▲ 50.3%
Debt's share of the balance-sheet total rises from 37.4% to 46.1%. Equity and debt are higher.
Key figures and ratios
EBITDA
€61k▼
2025 · €284k
Cash flow
€113k▼
2025 · €183k
Current ratio
2.49▼
2025 · 2.84
Debt to equity
0.86▲
2025 · 0.60
ROE
4.8%▼
2025 · 11.7%
ROA
2.6%▼
2025 · 7.3%
Interest coverage
1.38▼
2025 · 8.51
Debt ≤ 1 year
€144k▲
2025 · €137k
Debt > 1 year
€1.00M▲
2025 · €624k
Income taxes
€7k▼
2025 · €70k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2026 against 2025 · 48 lines
Balance sheet
Code20252026
Assets
Total assets20/58€2.05M€2.50M▲
Fixed assets21/28€1.66M€2.14M▲
Tangible fixed assets22/27€906k€1.39M▲
Land and buildings22€902k€1.34M▲
Plant, machinery and equipment23€3k€5k▲
Furniture and vehicles24€126€0▼
Leasing and similar rights25-€41k
Financial fixed assets28€753k€753k=
Current assets29/58€390k€358k▼
Amounts receivable within one year40/41€365k€308k▼
Trade receivables40€0-
Other amounts receivable41€365k€308k▼
Cash at bank and in hand54/58€25k€50k▲
Deferred charges and accrued income490/1-€245
Equity and liabilities
Total equity and liabilities10/49€2.05M€2.50M▲
Equity10/15€1.28M€1.35M▲
Contributions10/11€150k€150k=
Reserves13€1.13M€1.20M▲
Distributable reserves133€1.13M€1.20M▲
Amounts payable17/49€767k€1.15M▲
Amounts payable after more than one year17€624k€1.00M▲
Financial debts170/4€624k€1.00M▲
Amounts payable within one year42/48€137k€144k▲
Current portion of amounts payable after more than one year42€74k€110k▲
Financial debts43€25k€8k▼
Credit institutions430/8€25k€8k▼
Trade debts44€1k€3k▲
Suppliers440/4€1k€3k▲
Taxes, remuneration and social security45€4k€5k▲
Taxes450/3€4k€5k▲
Remuneration and social security454/9€0-
Other amounts payable47/48€33k€17k▼
Accrued charges and deferred income492/3€5k€5k=
Income statement
Code20252026
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€32k€48k▲
Other operating charges640/8€6k€8k▲
Gross operating margin9900€289k€69k▼
Operating profit (loss)9901€251k€12k▼
Financial income75/76B€3k€103k▲
Recurring financial income75€3k€103k▲
Financial charges65/66B€33k€44k▲
Recurring financial charges65€33k€44k▲
Profit (loss) for the period before taxes9903€221k€71k▼
Income taxes67/77€70k€7k▼
Profit (loss) for the period9904€150k€64k▼
Profit (loss) for the period to be appropriated9905€150k€64k▼
Appropriation of the result
Profit (loss) to be appropriated9906€150k€64k▼
Transfer to equity691/2€150k€64k▼
To other reserves6921€150k€64k▼
The notes to these accounts (12 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2022 | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €31k | €32k | €32k | €32k | €48k | ▲ 50.5% |
| Other operating charges640/8 | €3k | €8k | €6k | €6k | €8k | ▲ 40.5% |
| Gross operating margin9900 | €197k | €312k | €293k | €289k | €69k | ▼ 76.2% |
| Operating profit (loss)9901 | €163k | €272k | €255k | €251k | €12k | ▼ 95.2% |
| Financial income75/76B | €1 | €3k | €2k | €3k | €103k | ▲ 3,891% |
| Recurring financial income75 | €1 | €3k | €2k | €3k | €103k | ▲ 3,891% |
| Financial charges65/66B | €30k | €28k | €38k | €33k | €44k | ▲ 31.7% |
| Recurring financial charges65 | €30k | €28k | €38k | €33k | €44k | ▲ 31.7% |
| Profit (loss) for the period before taxes9903 | €133k | €247k | €219k | €221k | €71k | ▼ 67.9% |
| Income taxes67/77 | €42k | €79k | €70k | €70k | €7k | ▼ 90.4% |
| Profit (loss) for the period9904 | €90k | €168k | €149k | €150k | €64k | ▼ 57.3% |
| Profit (loss) for the period to be appropriated9905 | €90k | €168k | €149k | €150k | €64k | ▼ 57.3% |
| Line | 2022 | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.97M | €2.04M | €2.01M | €2.05M | €2.50M | ▲ 22.0% |
| Fixed assets21/28 | €1.75M | €1.72M | €1.69M | €1.66M | €2.14M | ▲ 29.1% |
| Tangible fixed assets22/27 | €996k | €966k | €936k | €906k | €1.39M | ▲ 53.2% |
| Land and buildings22 | €996k | €965k | €934k | €902k | €1.34M | ▲ 48.7% |
| Plant, machinery and equipment23 | - | - | €2k | €3k | €5k | ▲ 54.8% |
| Furniture and vehicles24 | - | €1k | €594 | €126 | €0 | ▼ 100% |
| Leasing and similar rights25 | - | - | - | - | €41k | - |
| Financial fixed assets28 | €753k | €753k | €753k | €753k | €753k | = |
| Current assets29/58 | €221k | €326k | €322k | €390k | €358k | ▼ 8.1% |
| Amounts receivable within one year40/41 | €188k | €307k | €303k | €365k | €308k | ▼ 15.6% |
| Trade receivables40 | - | - | €11k | €0 | - | - |
| Other amounts receivable41 | €188k | €307k | €291k | €365k | €308k | ▼ 15.6% |
| Cash at bank and in hand54/58 | €33k | €19k | €19k | €25k | €50k | ▲ 102% |
| Deferred charges and accrued income490/1 | - | - | - | - | €245 | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.97M | €2.04M | €2.01M | €2.05M | €2.50M | ▲ 22.0% |
| Equity10/15 | €813k | €982k | €1.13M | €1.28M | €1.35M | ▲ 5.0% |
| Contributions10/11 | €150k | €150k | €150k | €150k | €150k | = |
| Reserves13 | €663k | €832k | €981k | €1.13M | €1.20M | ▲ 5.7% |
| Non-distributable reserves130/1 | €15k | €15k | €0 | - | - | - |
| Reserves not available under the articles1311 | €15k | €15k | €0 | - | - | - |
| Distributable reserves133 | €648k | €817k | €981k | €1.13M | €1.20M | ▲ 5.7% |
| Amounts payable17/49 | €1.16M | €1.06M | €879k | €767k | €1.15M | ▲ 50.3% |
| Amounts payable after more than one year17 | €839k | €770k | €698k | €624k | €1.00M | ▲ 60.8% |
| Financial debts170/4 | €839k | €770k | €698k | €624k | €1.00M | ▲ 60.8% |
| Amounts payable within one year42/48 | €312k | €288k | €176k | €137k | €144k | ▲ 4.8% |
| Current portion of amounts payable after more than one year42 | €72k | €69k | €71k | €74k | €110k | ▲ 48.5% |
| Financial debts43 | €13k | €27k | €24k | €25k | €8k | ▼ 66.3% |
| Credit institutions430/8 | €13k | €27k | €24k | €25k | €8k | ▼ 66.3% |
| Trade debts44 | €719 | €1k | €705 | €1k | €3k | ▲ 136% |
| Suppliers440/4 | €719 | €1k | €705 | €1k | €3k | ▲ 136% |
| Taxes, remuneration and social security45 | €8k | €4k | €7k | €4k | €5k | ▲ 44.9% |
| Taxes450/3 | €8k | €4k | €4k | €4k | €5k | ▲ 44.9% |
| Remuneration and social security454/9 | - | - | €3k | €0 | - | - |
| Other amounts payable47/48 | €218k | €186k | €73k | €33k | €17k | ▼ 47.9% |
| Accrued charges and deferred income492/3 | €5k | €5k | €5k | €5k | €5k | = |
| Line | 2022 | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €90k | €168k | €149k | €150k | €64k | ▼ 57.3% |
| + Depreciation and write-downs630 | €31k | €32k | €32k | €32k | €48k | ▲ 50.5% |
| Operating cash flow (approximation) | €122k | €200k | €181k | €183k | €113k | ▼ 38.3% |
| Investment in fixed assets (approximation) | - | €-1k | €-2k | €-2k | €-530k | ▼ 26,032% |
| Change in cash | - | €-15k | €469 | €5k | €25k | ▲ 367% |
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 2027, expected by
2026
04-09
NBB filing
Annual accounts filed
fiscal year 2026 · abbreviated schema
2025
03-09
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2024
24-09
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
31-03
Financial
Equity above €1MEq €1.13M ▲15.2%
6 profitable years in a row build equity to €1.13M.
2023
06-09
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
31-03
Financial
Highest result since 2019net €168k ▲86.2%
Operating result €272k, net result €168k, both a record.
2022
21-09
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2021
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2020
23-09
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
31-03
Financial
Equity above €500kEq €596k ▲24%
2 profitable years in a row build equity to €596k.
2019
23-09
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2018
10-10
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2017
04-09
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 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
2 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, Waterloo · 1 establishment unit since 2009
Ground area
899 m²
Building footprint
95 m²
Parcel 25763L0123/00N000, Wallonia. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
TOURNOV
since 20092.182.836.629
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25763L0123/00N000 | Wallonia | 899 m² | 1 · 95 m² | - |
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.
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Of 82,553 companies in sector 70200 we hold annual accounts for 52,585. 24,601 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded12-10-2009
Fiscal year end31-03
Activities, NACEBEL 2025
70200Business and other management consultancy
Scores and ratios are computed by Checked and are not a credit decision.