TURA CONSTRUCT (0540.922.280): financials and annual accounts

TURA CONSTRUCT

Ghent ·KBO/BCE: BE 0540.922.280

Line	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014
Balance sheet: assets
Total assets`20/58`	589,524	590,722	645,997	724,495	699,281	581,432	461,425	599,939	863,200	451,722	314,373	158,980
Fixed assets`21/28`	181,435	129,956	125,320	261,397	224,935	250,358	195,874	254,971	245,284	147,471	85,040	13,214
Tangible fixed assets`22/27`	181,435	129,956	125,320	261,397	224,935	250,358	195,874	254,971	245,284	147,471	85,040	13,214
Land and buildings`22`	-	-	-	122,000	122,000	159,548	165,248	216,115	177,000	55,000	-	-
Plant, machinery and equipment`23`	39,896	41,386	41,386	60,242	64,442	62,829	8,032	13,121	50,025	67,701	73,713	4,829
Furniture and vehicles`24`	113,301	60,332	55,696	41,629	38,493	27,980	22,593	25,734	18,259	24,770	11,326	8,385
Leasing and similar rights`25`	28,238	28,238	28,238	37,526	-	-	-	-	-	-	-	-
Current assets`29/58`	408,090	460,766	520,677	463,098	474,346	331,073	265,551	344,968	617,916	304,251	229,334	145,767
Amounts receivable after more than one year`29`	126,464	124,664	-	-	-	-	-	1	-	32,939	32,939	84,855
Trade receivables`290`	-	-	-	-	-	-	-	1	-	32,939	32,939	84,855
Other amounts receivable`291`	126,464	124,664	-	-	-	-	-	-	-	-	-	-
Stocks and contracts in progress`3`	51,512	51,512	25,845	25,845	-	107,801	107,801	123,450	131,450	79,950	64,675	-
Stocks`30/36`	51,512	51,512	25,845	25,845	-	107,801	107,801	123,450	131,450	79,950	64,675	-
Amounts receivable within one year`40/41`	177,404	242,524	494,832	333,721	311,124	198,437	127,051	204,255	477,250	182,092	115,098	43,600
Trade receivables`40`	150,285	80,961	137,515	41,991	83,105	84,634	102,874	204,124	234,299	164,879	76,168	36,643
Other amounts receivable`41`	27,118	161,562	357,317	291,730	228,019	113,803	24,177	132	242,951	17,213	38,930	6,957
Cash at bank and in hand`54/58`	37,301	42,067	-	96,028	157,442	21,426	28,062	16,528	7,464	-	14,251	17,312
Deferred charges and accrued income`490/1`	15,409	-	-	7,505	5,780	3,409	2,637	733	1,752	9,270	2,371	-
Balance sheet: equity and liabilities
Total equity and liabilities`10/49`	589,524	590,722	645,997	724,495	699,281	581,432	461,425	599,939	863,200	451,722	314,373	158,980
Equity`10/15`	314,971	391,701	319,843	254,429	222,677	148,212	78,886	58,893	46,093	43,272	38,568	23,890
Contributions`10/11`	18,600	18,600	18,600	18,600	18,600	18,600	18,600	18,600	18,600	18,600	18,600	18,600
Issued capital`100`	-	-	-	-	-	-	18,600	18,600	18,600	18,600	18,600	18,600
Reserves`13`	108,105	108,105	36,247	36,247	110,712	60,285	36,247	27,499	24,672	15,535	3,968	-
Tax-exempt reserves`132`	36,247	36,247	36,247	36,247	36,247	60,285	36,247	27,499	24,672	15,535	3,968	-
Distributable reserves`133`	71,858	71,858	-	-	74,465	-	-	-	-	-	-	-
Profit (loss) carried forward`14`	188,266	264,996	264,996	199,582	93,365	69,327	24,039	12,793	2,821	9,138	15,999	5,290
Provisions and deferred taxes`16`	-	-	-	-	-	-	-	-	-	32,939	32,939	84,855
Provisions for liabilities and charges`160/5`	-	-	-	-	-	-	-	-	-	32,939	32,939	84,855
Other liabilities and charges`164/5`	-	-	-	-	-	-	-	-	-	32,939	-	-
Amounts payable`17/49`	274,553	199,021	326,154	470,066	476,604	433,220	382,539	541,046	817,107	375,511	242,867	50,236
Amounts payable after more than one year`17`	1,882	9,007	7,584	87,252	101,302	141,340	182,190	94,228	162,062	77,181	77,412	-
Financial debts`170/4`	1,882	9,007	7,584	87,252	101,302	141,340	182,190	94,228	162,062	77,181	77,412	-
Amounts payable within one year`42/48`	272,671	190,014	284,845	382,814	375,301	291,880	200,349	446,817	655,045	298,330	165,454	50,236
Current portion of amounts payable after more than one year`42`	627	39,012	16,100	39,053	49,250	-	-	-	-	-	-	-
Financial debts`43`	112,000	117,500	-	130,000	57,000	81,349	106,498	94,799	90,000	-	35,000	-
Credit institutions`430/8`	112,000	117,500	-	130,000	57,000	-	106,498	94,799	90,000	-	35,000	-
Other loans`439`	-	-	-	-	-	81,349	-	-	-	-	-	-
Trade debts`44`	128,469	23,112	250,580	160,307	180,573	15,084	-	37,673	95,228	124,562	77,918	40,053
Suppliers`440/4`	128,469	23,112	250,580	160,307	180,573	-	-	37,673	95,228	124,562	77,918	40,053
Bills of exchange payable`441`	-	-	-	-	-	15,084	-	-	-	-	-	-
Advances received on contracts in progress`46`	-	-	4,719	-	-	-	-	-	-	-	-	-
Taxes, remuneration and social security`45`	31,575	10,390	13,446	53,453	70,479	94,280	-	-	222,327	392	2,926	-
Taxes`450/3`	18,506	-	10,976	53,453	66,585	-	-	-	222,327	392	2,926	-
Remuneration and social security`454/9`	13,069	10,390	2,470	-	3,894	94,280	-	-	-	-	-	-
Other amounts payable`47/48`	-	-	-	-	18,000	101,166	93,851	314,345	247,491	173,376	49,611	10,183
Accrued charges and deferred income`492/3`	-	-	33,725	-	-	-	-	-	-	-	-	-
Income statement
Turnover`70`	-	-	-	-	-	1.1m	1.2m	1.2m	1.1m	941,451	668,932	504,820
Non-recurring operating income`76A`	-	-	-	516	279,887	-	-	-	-	-	-	-
Gross operating margin`9900`	464,079	510,016	542,735	289,313	383,645	278,116	460,323	422,425	186,972	151,697	105,378	106,498
Goods, raw materials, services and sundry goods`60/61`	-	714,011	856,948	801,478	909,759	825,677	-	772,242	946,537	789,755	563,554	398,322
Remuneration, social security and pensions`62`	402,258	399,534	272,072	213,240	180,718	136,280	273,510	172,920	117,546	81,650	31,482	10,271
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets`630`	3,503	-	45,274	25,734	31,250	38,214	131,756	219,671	31,070	42,650	22,206	3,400
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)`631/4`	-	-	-	-	-	9,085	15,650	-	-	-	-	84,855
Provisions for liabilities and charges: additions (uses and reversals)`635/8`	-	-	-	-	-	-	-	-	-	-	32,939	-
Other operating charges`640/8`	7,417	6,022	1,971	3,426	7,216	2,150	5,010	8,108	30,407	13,876	845	2,275
Non-recurring operating charges`66A`	-	-	122,000	-	-	-	-	-	-	-	-	-
Operating profit (loss)`9901`	50,901	104,460	101,417	46,913	164,461	92,388	34,398	21,727	7,950	13,522	17,906	5,697
Financial income`75/76B`	200	5,204	3,135	0	-	-	-	-	-	-	-	-
Recurring financial income`75`	200	4,457	3,135	0	-	-	-	-	-	-	-	-
Non-recurring financial income`76B`	-	748	-	-	-	-	-	-	-	-	-	-
Financial charges`65/66B`	15,231	20,240	20,188	11,631	25,272	23,061	10,359	8,934	5,129	4,384	1,907	407
Recurring financial charges`65`	15,231	20,240	16,779	11,631	12,267	23,061	10,359	8,934	5,129	4,384	1,907	407
Non-recurring financial charges`66B`	-	-	3,409	-	13,005	-	-	-	-	-	-	-
Profit (loss) for the period before taxes`9903`	35,871	89,424	84,364	35,282	139,190	69,327	24,039	12,793	2,821	9,138	15,999	5,290
Income taxes`67/77`	9,790	17,566	18,950	12,244	64,725	-	-	-	-	-	-	-
Profit (loss) for the period`9904`	26,081	71,858	65,414	23,038	74,465	69,327	24,039	12,793	2,821	9,138	15,999	5,290
Profit (loss) for the period to be appropriated`9905`	26,081	71,858	65,414	23,038	74,465	69,327	24,039	12,793	2,821	9,138	15,999	5,290
Appropriation of the result
Profit (loss) to be appropriated`9906`	291,077	336,854	264,996	199,582	167,830	93,365	36,832	15,614	11,959	25,137	21,289	5,290
Profit (loss) brought forward from the previous period`14P`	264,996	264,996	199,582	176,545	93,365	-	-	-	-	-	-	-
Transfer to equity`691/2`	-	71,858	-	-	74,465	24,039	12,793	2,821	9,138	15,999	5,290	-
To other reserves`6921`	-	71,858	-	-	74,465	24,039	12,793	2,821	9,138	15,999	5,290	-
Profit to be distributed`694/7`	102,811	-	-	-	-	-	-	-	-	-	-	-
Return on contributions (dividend)`694`	102,811	-	-	-	-	-	-	-	-	-	-	-
Social balance sheet
Average staff (FTE)`9087`	7.9	7.9	7.1	5.6	5.3	5	3	5.9	4.2	2.1	1	0.1
Hours worked`1013`	10,748	11,016	8,236	-	5,440	-	8,688	6,864	4,182	2,944	1,368	96
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Financial year	Type	Filed	Reference	Document
31-12-2025	micro format	07-10-2026	2026-00549709	PDF
31-12-2024	micro format	08-09-2025	2025-00485181	PDF
31-12-2023	micro format	30-11-2024	2024-00610830	PDF
31-12-2022	micro format	02-10-2023	2023-00464296	PDF
31-12-2021	micro format	06-12-2022	2022-20532406	PDF
31-12-2020	micro format	24-03-2022	2022-08400555	PDF
31-12-2019	micro format	15-10-2020	2020-61500587	PDF
31-12-2018	abbreviated format	22-08-2019	2019-49400160	PDF
31-12-2017	abbreviated format	03-06-2018	2018-16700130	PDF
31-12-2016	abbreviated format	17-06-2017	2017-18600401	PDF
31-12-2015	abbreviated format	18-05-2016	2016-12600335	PDF
31-12-2014	abbreviated format	08-05-2015	2015-11700557	PDF

Year	Entries	Awarded	Paid
2025	1	€462	€462
2024	1	€462	€462
2023	1	€0	€360
2022	1	€210	€210

Line	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014
EBITDA	54,405	-	146,692	72,646	195,711	130,601	166,153	241,398	39,020	56,171	40,112	9,097
Cash flow	29,585	-	110,688	48,771	105,715	107,540	155,794	232,464	33,891	51,787	38,206	8,689
Investment in fixed assets	52,471	4,636	22,224	50,627	48,229	92,698	72,659	338,494	128,883	105,081	94,032	16,614
Change in cash	-4,766	-	-	-61,415	136,016	-6,636	11,534	9,064	-	-	-3,062	-
Working capital	135,419	270,752	235,832	80,284	99,045	39,194	65,202	-101,850	-37,129	5,921	63,880	95,531
EBIT margin	-	-	-	-	-	8.4%	2.9%	1.8%	0.7%	1.4%	2.7%	1.1%
Solvency	53.4%	66.3%	49.5%	35.1%	31.8%	25.5%	17.1%	9.8%	5.3%	9.6%	12.3%	15.0%
Current ratio	1.50	2.42	1.83	1.21	1.26	1.13	1.33	0.77	0.94	1.02	1.39	2.90
Quick ratio	1.31	2.15	1.74	1.14	1.26	0.76	0.79	0.50	0.74	0.75	1.00	2.90
Debt to equity	0.87	0.51	1.02	1.85	2.14	2.92	4.85	9.19	17.73	8.68	6.30	2.10
ROE	8.3%	18.3%	20.5%	9.1%	33.4%	46.8%	30.5%	21.7%	6.1%	21.1%	41.5%	22.1%
ROA	4.4%	12.2%	10.1%	3.2%	10.6%	11.9%	5.2%	2.1%	0.3%	2.0%	5.1%	3.3%
Interest coverage	3.57	-	8.74	6.25	15.95	-	-	-	-	-	-	-
Customer credit	-	-	-	-	-	28 days	32 days	62 days	75 days	64 days	42 days	26 days
Supplier credit	-	12 days	107 days	73 days	72 days	7 days	-	18 days	37 days	58 days	50 days	37 days

Item	31-12-2025	31-12-2024	31-12-2023	31-12-2022	31-12-2021
Employees at the balance-sheet date	-	73	-	-	-
full-time	-	73	-	-	-
Average over the year, in full-time equivalents	7.9	7.9	7.1	5.6	5.3

TURA CONSTRUCT

Annual accounts 2025

Money flows

Balance sheet

Change in equityin euro

Change in cashin euro

Position in the sector

Solvency53.4%

Current ratio1.50

Return on assets4.4%

Staff

Staff cost per FTE€50,919

Joined and left

Filed annual accounts

Filings

Subsidies and aid

Flemish government 2022 to 2025, 4 entries, €1,134 awarded, €1,494 paid

Key figures and ratios

Social balance sheet

Investments

Insights on TURA CONSTRUCT

Next steps

Item	2025	2024	2023	2022	2021
Tangible fixed assets	€52,471	€4,636	€22,224	€50,627	€48,229
Depreciation and write-downs of the year	€3,503	-	€45,274	€25,734	€31,250