TUR CONSTRUCT
ActiveSummary
The computed 12-month bankruptcy probability of TUR CONSTRUCT is 4.0% (moderate). The 2025 annual accounts show equity of €21k and a net result of €4k. Equity is growing by ~16% per year across the filed fiscal years. Its solvency ranks better than 84% of 27965 sector peers (fiscal year 2025). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability62▲+4
Solvency100▲+9
Growth52=
Track record94
Bankruptcy probability, 12 months
4.0%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €1.5k at 30 days acceptable
Liquidity ample (current ratio 4.75 against 2.87 in 2024; short-term debt: 20.8% and cash: 86.4% of total assets), and 20.8% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← fewer bankruptcies
more bankruptcies →
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 31-12-2025, 31 days ahead of the deadline.
NBB · 4 filingsDeviation from the deadline
2025
31 d early
2024
on the day
2023
on the day
2022
on the day
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close25-09-2026 today31-01-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€21k▲ 26.2%
2024 · €17k
2022: €13klowest in 4 years
2023: €15k▲ +10.7% vs 2022
2024: €17k▲ +14.9% vs 2023
2025: €21k▲ +26.2% vs 2024highest in 4 years
2022 → 2025
Total assets
€27k▲ 5.8%
2024 · €25k
2022: €24klowest in 4 years
2023: €38k▲ +57.3% vs 2022highest in 4 years
2024: €25k▼ -32.8% vs 2023
2025: €27k▲ +5.8% vs 2024
2022 → 2025
Net result
€4k▲ 101%
2024 · €2k
2022: €12khighest in 4 years
2023: €1k▼ -88.4% vs 2022lowest in 4 years
2024: €2k▲ +54.1% vs 2023
2025: €4k▲ +101% vs 2024
2022 → 2025
Working capital
€21k▲ 31.8%
2024 · €16k
2022: €8klowest in 4 years
2023: €11k▲ +33.6% vs 2022
2024: €16k▲ +43.8% vs 2023
2025: €21k▲ +31.8% vs 2024highest in 4 years
2022 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2022202320242025Trend
Equity€13k-€15k▲ 10.7%€17k▲ 14.9%€21k▲ 26.2%
2022: €13klowest in 4 years
2023: €15k▲ +10.7% vs 2022
2024: €17k▲ +14.9% vs 2023
2025: €21k▲ +26.2% vs 2024highest in 4 years
Operating result€18k-€6k▼ 67.2%€5k▼ 15.4%€9k▲ 81.9%
2022: €18khighest in 4 years
2023: €6k▼ -67.2% vs 2022
2024: €5k▼ -15.4% vs 2023lowest in 4 years
2025: €9k▲ +81.9% vs 2024
Net result€12k-€1k▼ 88.4%€2k▲ 54.1%€4k▲ 101%
2022: €12khighest in 4 years
2023: €1k▼ -88.4% vs 2022lowest in 4 years
2024: €2k▲ +54.1% vs 2023
2025: €4k▲ +101% vs 2024
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 82% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €27k
Fixed assets
€339 ▼ 65.5%
Current assets
€27k ▲ 8.7%
Equity and liabilities €27k
Equity
€21k ▲ 26.2%
Debt
€6k ▼ 34.4%
Debt's share of the balance-sheet total falls from 33.5% to 20.8%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€10k▲
2024 · €8k
Cash flow
€5k▼
2024 · €5k
Current ratio
4.75▲
2024 · 2.87
Debt to equity
0.26▼
2024 · 0.50
ROE
20.7%▲
2024 · 13.0%
ROA
16.4%▲
2024 · 8.6%
Interest coverage
2.73▼
2024 · 3.45
Debt ≤ 1 year
€6k▼
2024 · €9k
Income taxes
€1k▲
2024 · €562
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 · 2025 against 2024 · 36 lines
Balance sheet
Code20242025
Assets
Total assets20/58€25k€27k▲
Fixed assets21/28€984€339▼
Tangible fixed assets22/27€984€339▼
Plant, machinery and equipment23€173€73▼
Furniture and vehicles24€811€266▼
Current assets29/58€24k€27k▲
Amounts receivable within one year40/41€6k€3k▼
Trade receivables40€5k€3k▼
Other amounts receivable41€1k€665▼
Cash at bank and in hand54/58€17k€23k▲
Deferred charges and accrued income490/1€950-
Equity and liabilities
Total equity and liabilities10/49€25k€27k▲
Equity10/15€17k€21k▲
Contributions10/11€1k€1k=
Profit (loss) carried forward14€16k€20k▲
Amounts payable17/49€9k€6k▼
Amounts payable within one year42/48€9k€6k▼
Trade debts44-€111
Suppliers440/4-€111
Taxes, remuneration and social security45€9k€5k▼
Taxes450/3€562€1k▲
Remuneration and social security454/9€8k€4k▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€3k€645▼
Other operating charges640/8€207€149▼
Gross operating margin9900€8k€10k▲
Operating profit (loss)9901€5k€9k▲
Financial income75/76B-€0
Recurring financial income75-€0
Financial charges65/66B€2k€4k▲
Recurring financial charges65€2k€4k▲
Profit (loss) for the period before taxes9903€3k€6k▲
Income taxes67/77€562€1k▲
Profit (loss) for the period9904€2k€4k▲
Profit (loss) for the period to be appropriated9905€2k€4k▲
Appropriation of the result
Profit (loss) to be appropriated9906€16k€20k▲
Profit (loss) brought forward from the previous period14P€14k€16k▲
The notes to these accounts (4 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €3k | €3k | €3k | €645 | ▼ 78.4% |
| Other operating charges640/8 | €149 | €212 | €207 | €149 | ▼ 28.1% |
| Gross operating margin9900 | €21k | €9k | €8k | €10k | ▲ 21.4% |
| Operating profit (loss)9901 | €18k | €6k | €5k | €9k | ▲ 81.9% |
| Financial income75/76B | €0 | - | - | €0 | - |
| Recurring financial income75 | €0 | - | - | €0 | - |
| Financial charges65/66B | €3k | €4k | €2k | €4k | ▲ 55.0% |
| Recurring financial charges65 | €3k | €4k | €2k | €4k | ▲ 55.0% |
| Profit (loss) for the period before taxes9903 | €15k | €2k | €3k | €6k | ▲ 105% |
| Income taxes67/77 | €3k | €365 | €562 | €1k | ▲ 119% |
| Profit (loss) for the period9904 | €12k | €1k | €2k | €4k | ▲ 101% |
| Profit (loss) for the period to be appropriated9905 | €12k | €1k | €2k | €4k | ▲ 101% |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €24k | €38k | €25k | €27k | ▲ 5.8% |
| Fixed assets21/28 | €5k | €4k | €984 | €339 | ▼ 65.5% |
| Tangible fixed assets22/27 | €5k | €4k | €984 | €339 | ▼ 65.5% |
| Plant, machinery and equipment23 | - | €274 | €173 | €73 | ▼ 57.9% |
| Furniture and vehicles24 | €5k | €3k | €811 | €266 | ▼ 67.2% |
| Current assets29/58 | €19k | €34k | €24k | €27k | ▲ 8.7% |
| Amounts receivable within one year40/41 | €6k | €16k | €6k | €3k | ▼ 45.8% |
| Trade receivables40 | €6k | €8k | €5k | €3k | ▼ 44.4% |
| Other amounts receivable41 | €782 | €8k | €1k | €665 | ▼ 50.6% |
| Cash at bank and in hand54/58 | €12k | €18k | €17k | €23k | ▲ 33.8% |
| Deferred charges and accrued income490/1 | €855 | €102 | €950 | - | - |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €24k | €38k | €25k | €27k | ▲ 5.8% |
| Equity10/15 | €13k | €15k | €17k | €21k | ▲ 26.2% |
| Contributions10/11 | €1k | €1k | €1k | €1k | = |
| Profit (loss) carried forward14 | €12k | €14k | €16k | €20k | ▲ 27.8% |
| Amounts payable17/49 | €11k | €23k | €9k | €6k | ▼ 34.4% |
| Amounts payable within one year42/48 | €11k | €23k | €9k | €6k | ▼ 34.4% |
| Trade debts44 | €3k | €15k | - | €111 | - |
| Suppliers440/4 | €3k | €15k | - | €111 | - |
| Taxes, remuneration and social security45 | €8k | €8k | €9k | €5k | ▼ 35.7% |
| Taxes450/3 | €3k | €365 | €562 | €1k | ▲ 119% |
| Remuneration and social security454/9 | €5k | €8k | €8k | €4k | ▼ 46.7% |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €12k | €1k | €2k | €4k | ▲ 101% |
| + Depreciation and write-downs630 | €3k | €3k | €3k | €645 | ▼ 78.4% |
| Operating cash flow (approximation) | €15k | €4k | €5k | €5k | ▼ 2.4% |
| Investment in fixed assets (approximation) | - | €-2k | €-347 | €0 | ▲ 100% |
| Change in cash | - | €7k | €-1k | €6k | ▲ 643% |
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
2025
31-12
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
31-01
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-01
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
30-06
Financial
Weakest financial yearnet €1k ▼88.4%
Net result drops to €1k, the lowest in the series; recovery starts the following year.
31-01
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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, Brussel · 1 establishment unit since 2021
Ground area
214 m²
Building footprint
156 m²
Volume, LiDAR
1,227 m³
Parcel 21816C0023/00T007, Brussels · tallest building 13.0 m, ±2 floors. Linked by address, not a title deed.
4
companies at this address
See who is registered here
1 establishment unit
TUR CONSTRUCT
since 20212.316.219.151
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21816C0023/00T007 | Brussels | 214 m² | 1 · 156 m² | 13.0 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.
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Of 4,270 companies in sector 43230 we hold annual accounts for 1,238. 883 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
Founded21-04-2021
Fiscal year end30-06
Activities, NACEBEL 2025
43230Insulation installation
Scores and ratios are computed by Checked and are not a credit decision.