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TURA CONSTRUCT

Active Private limited companyfounded 2013active for 13 yearsKapiteinstraat 39, 9000 GhentKBO/BCE: BE 0540.922.280
TURA CONSTRUCT
Financial year 2025
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Annual accounts 2025

micro format, filed on 07-10-2026, 68 days late
Gross margin
€464,079
▼ 9.0%
Operating result
€50,901
▼ 51.3%
EBITDA
€54,405
Cash flow
€29,585
Solvency
53.4%
▼ 12.9 percentage points
Current ratio
1.50
▼ 0.93

Money flows

no detail for 2025

Balance sheet

balance sheet total €589,524 on 31-12-2025
What the company ownsHow it is paid for

Change in equityin euro

Change in cashin euro

Position in the sector

Compare with sector

Solvency53.4%

Higher than 58% of 35,008 companies in 2025.

Current ratio1.50

Higher than 40% of 34,384 companies in 2025.

Return on assets4.4%

Higher than 41% of 34,584 companies in 2025.

TURA CONSTRUCT Middle half of the sector 80% of the sector Micro accounts in specialised construction (NACE 43)

Net result: middle half · Equity: top quarter · Balance sheet total: top quarter · Working capital: top quarter

Staff

Staff cost per FTE€50,919

Staff costs divided by the average number of full-time equivalents.

Joined and left

Filed annual accounts

as filed with the National Bank, click a year to choose it
Line Trend202520242023202220212020201920182017201620152014
Balance sheet: assets
Total assets20/58 589,524590,722645,997724,495699,281581,432461,425599,939863,200451,722314,373158,980
Fixed assets21/28 181,435129,956125,320261,397224,935250,358195,874254,971245,284147,47185,04013,214
Tangible fixed assets22/27 181,435129,956125,320261,397224,935250,358195,874254,971245,284147,47185,04013,214
Land and buildings22 ---122,000122,000159,548165,248216,115177,00055,000--
Plant, machinery and equipment23 39,89641,38641,38660,24264,44262,8298,03213,12150,02567,70173,7134,829
Furniture and vehicles24 113,30160,33255,69641,62938,49327,98022,59325,73418,25924,77011,3268,385
Leasing and similar rights25 28,23828,23828,23837,526--------
Current assets29/58 408,090460,766520,677463,098474,346331,073265,551344,968617,916304,251229,334145,767
Amounts receivable after more than one year29 126,464124,664-----1-32,93932,93984,855
Trade receivables290 -------1-32,93932,93984,855
Other amounts receivable291 126,464124,664----------
Stocks and contracts in progress3 51,51251,51225,84525,845-107,801107,801123,450131,45079,95064,675-
Stocks30/36 51,51251,51225,84525,845-107,801107,801123,450131,45079,95064,675-
Amounts receivable within one year40/41 177,404242,524494,832333,721311,124198,437127,051204,255477,250182,092115,09843,600
Trade receivables40 150,28580,961137,51541,99183,10584,634102,874204,124234,299164,87976,16836,643
Other amounts receivable41 27,118161,562357,317291,730228,019113,80324,177132242,95117,21338,9306,957
Cash at bank and in hand54/58 37,30142,067-96,028157,44221,42628,06216,5287,464-14,25117,312
Deferred charges and accrued income490/1 15,409--7,5055,7803,4092,6377331,7529,2702,371-
Balance sheet: equity and liabilities
Total equity and liabilities10/49 589,524590,722645,997724,495699,281581,432461,425599,939863,200451,722314,373158,980
Equity10/15 314,971391,701319,843254,429222,677148,21278,88658,89346,09343,27238,56823,890
Contributions10/11 18,60018,60018,60018,60018,60018,60018,60018,60018,60018,60018,60018,600
Issued capital100 ------18,60018,60018,60018,60018,60018,600
Reserves13 108,105108,10536,24736,247110,71260,28536,24727,49924,67215,5353,968-
Tax-exempt reserves132 36,24736,24736,24736,24736,24760,28536,24727,49924,67215,5353,968-
Distributable reserves133 71,85871,858--74,465-------
Profit (loss) carried forward14 188,266264,996264,996199,58293,36569,32724,03912,7932,8219,13815,9995,290
Provisions and deferred taxes16 ---------32,93932,93984,855
Provisions for liabilities and charges160/5 ---------32,93932,93984,855
Other liabilities and charges164/5 ---------32,939--
Amounts payable17/49 274,553199,021326,154470,066476,604433,220382,539541,046817,107375,511242,86750,236
Amounts payable after more than one year17 1,8829,0077,58487,252101,302141,340182,19094,228162,06277,18177,412-
Financial debts170/4 1,8829,0077,58487,252101,302141,340182,19094,228162,06277,18177,412-
Amounts payable within one year42/48 272,671190,014284,845382,814375,301291,880200,349446,817655,045298,330165,45450,236
Current portion of amounts payable after more than one year42 62739,01216,10039,05349,250-------
Financial debts43 112,000117,500-130,00057,00081,349106,49894,79990,000-35,000-
Credit institutions430/8 112,000117,500-130,00057,000-106,49894,79990,000-35,000-
Other loans439 -----81,349------
Trade debts44 128,46923,112250,580160,307180,57315,084-37,67395,228124,56277,91840,053
Suppliers440/4 128,46923,112250,580160,307180,573--37,67395,228124,56277,91840,053
Bills of exchange payable441 -----15,084------
Advances received on contracts in progress46 --4,719---------
Taxes, remuneration and social security45 31,57510,39013,44653,45370,47994,280--222,3273922,926-
Taxes450/3 18,506-10,97653,45366,585---222,3273922,926-
Remuneration and social security454/9 13,06910,3902,470-3,89494,280------
Other amounts payable47/48 ----18,000101,16693,851314,345247,491173,37649,61110,183
Accrued charges and deferred income492/3 --33,725---------
Income statement
Turnover70 -----1.1m1.2m1.2m1.1m941,451668,932504,820
Non-recurring operating income76A ---516279,887-------
Gross operating margin9900 464,079510,016542,735289,313383,645278,116460,323422,425186,972151,697105,378106,498
Goods, raw materials, services and sundry goods60/61 -714,011856,948801,478909,759825,677-772,242946,537789,755563,554398,322
Remuneration, social security and pensions62 402,258399,534272,072213,240180,718136,280273,510172,920117,54681,65031,48210,271
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 3,503-45,27425,73431,25038,214131,756219,67131,07042,65022,2063,400
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 -----9,08515,650----84,855
Provisions for liabilities and charges: additions (uses and reversals)635/8 ----------32,939-
Other operating charges640/8 7,4176,0221,9713,4267,2162,1505,0108,10830,40713,8768452,275
Non-recurring operating charges66A --122,000---------
Operating profit (loss)9901 50,901104,460101,41746,913164,46192,38834,39821,7277,95013,52217,9065,697
Financial income75/76B 2005,2043,1350--------
Recurring financial income75 2004,4573,1350--------
Non-recurring financial income76B -748----------
Financial charges65/66B 15,23120,24020,18811,63125,27223,06110,3598,9345,1294,3841,907407
Recurring financial charges65 15,23120,24016,77911,63112,26723,06110,3598,9345,1294,3841,907407
Non-recurring financial charges66B --3,409-13,005-------
Profit (loss) for the period before taxes9903 35,87189,42484,36435,282139,19069,32724,03912,7932,8219,13815,9995,290
Income taxes67/77 9,79017,56618,95012,24464,725-------
Profit (loss) for the period9904 26,08171,85865,41423,03874,46569,32724,03912,7932,8219,13815,9995,290
Profit (loss) for the period to be appropriated9905 26,08171,85865,41423,03874,46569,32724,03912,7932,8219,13815,9995,290
Appropriation of the result
Profit (loss) to be appropriated9906 291,077336,854264,996199,582167,83093,36536,83215,61411,95925,13721,2895,290
Profit (loss) brought forward from the previous period14P 264,996264,996199,582176,54593,365-------
Transfer to equity691/2 -71,858--74,46524,03912,7932,8219,13815,9995,290-
To other reserves6921 -71,858--74,46524,03912,7932,8219,13815,9995,290-
Profit to be distributed694/7 102,811-----------
Return on contributions (dividend)694 102,811-----------
Social balance sheet
Average staff (FTE)9087 7.97.97.15.65.3535.94.22.110.1
Hours worked1013 10,74811,0168,236-5,440-8,6886,8644,1822,9441,36896
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The notes to these accounts have 7 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.

Source: Annual accounts 2025 at the NBB, filed on 07-10-2026.

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Filings

each dot is a set of accounts, on the day it reached the National Bank

2025 annual accounts filed 68 days after the deadline. Filed on 7 October 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00549709.

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

Subsidies and aid

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

Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
€1,134
Year Entries AwardedPaid
2025 1 €462€462
2024 1 €462€462
2023 1 €0€360
2022 1 €210€210

Key figures and ratios

per financial year, computed from the annual accounts
Line Trend202520242023202220212020201920182017201620152014
EBITDA 54,405-146,69272,646195,711130,601166,153241,39839,02056,17140,1129,097
Cash flow 29,585-110,68848,771105,715107,540155,794232,46433,89151,78738,2068,689
Investment in fixed assets 52,4714,63622,22450,62748,22992,69872,659338,494128,883105,08194,03216,614
Change in cash -4,766---61,415136,016-6,63611,5349,064---3,062-
Working capital 135,419270,752235,83280,28499,04539,19465,202-101,850-37,1295,92163,88095,531
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 1.502.421.831.211.261.131.330.770.941.021.392.90
Quick ratio 1.312.151.741.141.260.760.790.500.740.751.002.90
Debt to equity 0.870.511.021.852.142.924.859.1917.738.686.302.10
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 3.57-8.746.2515.95-------
Customer credit -----28 days32 days62 days75 days64 days42 days26 days
Supplier credit -12 days107 days73 days72 days7 days-18 days37 days58 days50 days37 days

A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.

Social balance sheet

Item31-12-202531-12-202431-12-202331-12-202231-12-2021
Employees at the balance-sheet date-73---
full-time-73---
Average over the year, in full-time equivalents7.97.97.15.65.3

Source: social balance sheet in the 2021 to 2025 annual accounts

Investments

fixed assets acquired
Item20252024202320222021
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

Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)

Insights on TURA CONSTRUCT

The operating result for 2025 is 51% lower than in 2024 and the lowest since 2022.

Debt's share of the balance-sheet total rises from 33.7% to 46.6%. Equity is lower and debt is higher.

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