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TURBO

Active1 interim measure
Private limited companyfounded 201115 yrs activeIndustrieweg 4B, 2850 Boom, BelgiumKBO/BCE: BE 0837.286.677

The file of TURBO contains 1 interim measure, as published in the Belgian State Gazette. The computed 12-month bankruptcy probability is 4.0% (elevated). The 2024 annual accounts show equity of €93k and a net result of €-55k. Equity is growing by ~6.5% per year across the filed fiscal years. Its solvency ranks better than 27% of 5896 sector peers (fiscal year 2024).

Checked score

Score 2024
28 / 100
Weak
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability12▼-48
Solvency45▼-9
Growth52▼-26
Track record80
Bankruptcy probability, 12 months
4.0% Elevated
0%0.5%1.5%4%10%≥ 25%
Credit up to €2.5k at 30 days only on tighter terms
Liquidity short (current ratio 0.43 against 0.46 in 2023; short-term debt: 55.7% and cash: 2.9% of total assets), and 80% of the assets are financed with debt.
Credit advice for your own amount and term

Signals

Seven signals. The signal on the left, the evidence on the right.
lowers risk+raises riskneutral
raises risk · Recent warning signals
The last 24 months brought warning signals in the Staatsblad or the KBO, and those often pile up before a bankruptcy.
Belgian State Gazette
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 81
Relative position
BE, all sectors
reference
Sector 81
higher
← fewer bankruptcies more bankruptcies →
raises risk · Interim administrator appointed
A court appointed an interim administrator, which usually happens once continuity is already under threat.
Belgian State Gazette
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024
Solvency, return and age of the figures
Solvency
20%
Return on assets
-11.9%
Age of the figures
21 mo
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation date
Age against the risk zone
elevated failure risk from 2 to 8 years 15 years 0 20 y
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 15-12-2025, 137 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 10 filings
Deviation from the deadline
2025
not confirmed
2024
137 d late
2023
62 d late
2022
24 d early
2021
78 d late
2020
1 d early
2019
63 d late
← before the deadline after the 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

Financials · fiscal year 2024, micro schema

Equity
€93k▼ 37.4%
2023 · €148k
2018: €86k 2019: €117k 2020: €116k 2021: €127k 2022: €141k 2023: €148k
2018 → 2024
Total assets
€464k▼ 9.9%
2023 · €515k
2018: €635k 2019: €681k 2020: €623k 2021: €580k 2022: €538k 2023: €515k
2018 → 2024
Net result
€-55k
2023 · €7k
2018: €4k 2019: €30k 2020: €-626 2021: €11k 2022: €14k 2023: €7k
2018 → 2024
Working capital
€-147k▼ 14.5%
2023 · €-129k
2018: €-93k 2019: €-117k 2020: €-121k 2021: €-159k 2022: €-163k 2023: €-129k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise ▼ fall
Line20202021202220232024Trend
Equity€116k-€127k▲ 9.6%€141k▲ 11.0%€148k▲ 4.7%€93k▼ 37.4%
Operating result€7k-€24k▲ 257%€31k▲ 26.2%€27k▼ 11.3%€-44k
Net result€-626-€11k€14k▲ 25.9%€7k▼ 52.4%€-55k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
€-75k€-50k€-25k€0€25kOperating result 2020: €7k€7kNet result 2020: €-626€-626Operating result 2021: €24k€24kNet result 2021: €11k€11kOperating result 2022: €31k€31kNet result 2022: €14k€14kOperating result 2023: €27k€27kNet result 2023: €7k€7kOperating result 2024: €-44k€-44kNet result 2024: €-55k€-55k20202021202220232024
The operating result turns negative in 2024: a loss of €44k after €27k in 2023, the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €464k
Fixed assets €353k▼ 13.2%
Current assets €111k▲ 2.3%
Equity and liabilities €464k
Equity €93k▼ 37.4%
Debt €371k▲ 1.2%
The debt ratio rises from 71.3% to 80.0%. Equity is lower and debt is higher.
Key figures and ratios
2024 value · change against 2023
EBITDA
€17k
2023 · €92k
Cash flow
€6k
2023 · €71k
Solvency
20.0%
2023 · 28.7%
Current ratio
0.43
2023 · 0.46
Quick ratio
0.41
2023 · 0.44
Debt / equity
4.00
2023 · 2.48
ROE
-59.7%
2023 · 4.5%
ROA
-11.9%
2023 · 1.3%
Interest coverage
0.92
2023 · 4.77
Debt
€371k
2023 · €367k
Debt ≤ 1 year
€258k
2023 · €237k
Debt > 1 year
€113k
2023 · €130k
Income taxes
€220
2023 · €6k
Staff costs
€81k
2023 · €80k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2024 against 2023
Balance sheet Code20232024
Assets
Total assets20/58€515k€464k
Fixed assets21/28€406k€353k
Tangible fixed assets22/27€406k€353k
Land and buildings22€270k€256k
Plant, machinery and equipment23€4k€3k
Furniture and vehicles24€23k€18k
Leasing and similar rights25€109k€76k
Current assets29/58€109k€111k
Stocks and contracts in progress3€5k€5k=
Stocks30/36€5k€5k=
Amounts receivable within one year40/41€97k€91k
Trade receivables40€81k€34k
Other amounts receivable41€16k€57k
Cash at bank and in hand54/58€6k€13k
Deferred charges and accrued income490/1-€2k
Equity and liabilities
Total equity and liabilities10/49€515k€464k
Equity10/15€148k€93k
Contributions10/11€19k€19k=
Reserves13€2k€2k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Profit (loss) carried forward14€128k€72k
Amounts payable17/49€367k€371k
Amounts payable after more than one year17€130k€113k
Financial debts170/4€130k€113k
Amounts payable within one year42/48€237k€258k
Current portion of amounts payable after more than one year42€76k€47k
Financial debts43€25k€50k
Credit institutions430/8€25k€50k
Trade debts44€50k€60k
Suppliers440/4€50k€60k
Taxes, remuneration and social security45€86k€61k
Taxes450/3€47k€41k
Remuneration and social security454/9€40k€20k
Other amounts payable47/48-€40k
Income statement Code20232024
Remuneration, social security and pensions62€80k€81k
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€64k€61k
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€-1k-
Other operating charges640/8€26k€18k
Gross operating margin9900€198k€116k
Operating profit (loss)9901€27k€-44k
Financial income75/76B€4k€7k
Recurring financial income75€4k€7k
Financial charges65/66B€19k€18k
Recurring financial charges65€19k€18k
Profit (loss) for the period before taxes9903€12k€-55k
Income taxes67/77€6k€220
Profit (loss) for the period9904€7k€-55k
Profit (loss) for the period to be appropriated9905€7k€-55k
Appropriation of the result
Profit (loss) to be appropriated9906€128k€72k
Profit (loss) brought forward from the previous period14P€121k€128k

The notes to these accounts (12 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Download as CSV

Timeline · acts, filings and financial milestones

2025
15-12
NBB filing Annual accounts filed
fiscal year 2024 · micro schema · 137 days late
02-09
Interim measure Provisional administrator
Ondernemingsrechtbank Antwerpen · event 22-08-2025
2024
31-12
Financial Weakest financial yearnet €-55k ▼931%
Net result drops to €-55k, the lowest in the series.
01-10
NBB filing Annual accounts filed
fiscal year 2023 · micro schema · 62 days late
2023
07-07
NBB filing Annual accounts filed
fiscal year 2022 · micro schema
2022
17-10
NBB filing Annual accounts filed
fiscal year 2021 · micro schema · 78 days late
2021
31-12
Financial Back to profitnet €11k
Net result €11k after one loss-making year.
30-07
NBB filing Annual accounts filed
fiscal year 2020 · micro schema
2020
02-10
NBB filing Annual accounts filed
fiscal year 2019 · micro schema · 63 days late
2019
31-12
Financial Highest result since 2018net €30k ▲674%
Operating result €57k, net result €30k, both a record.
31-12
Financial Equity above €100kEq €117k ▲35.3%
2 profitable years in a row build equity to €117k.
07-10
NBB filing Annual accounts filed
fiscal year 2018 · micro schema · 68 days late
2018
03-10
NBB filing Annual accounts filed
fiscal year 2017 · micro schema · 64 days late
2017
18-09
NBB filing Annual accounts filed
fiscal year 2016 · micro schema · 49 days late
2016
30-08
NBB filing Annual accounts filed
fiscal year 2015 · abbreviated schema · 30 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Directors · office · real estate

Directors
no sitting director, no change since 2025
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
14-11-2025 Verloo Wim: Resigned as Director
14-07-2025 Swagten Werenfried: Resigned as Liquidator
28-05-2025 Verloo Wim: Resigned as Director
Location & real-estate footprint
Registered office, Boom · 1 establishment unit since 2011
establishment The establishment unit on the map
Cannot be placed on the map

This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.

Industrieweg 4B2850 Boom
Ground area
205 m²
Building footprint
121 m²
Volume, LiDAR
705 m³
Parcel 11005A0039/00B002, Flanders · tallest building 8.4 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Turbo
Industrieweg 4B, 2850 BoomSewerage
since 20112.207.887.274
1 parcel
Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
11005A0039/00B002 Flanders 205 m² 1 · 121 m² 8.4 m · 2 fl.
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.

Similar companies · same sector, comparable size

Of 1,702 companies in sector 81230 we hold annual accounts for 473. 368 are within a factor 10 of this equity.See the whole sector

Company data · Crossroads Bank

Identification
Legal formPrivate limited company
Founded27-06-2011
Fiscal year end31-12
Activities, NACEBEL
81230Other cleaning activities
47820Retail sale of motor vehicle parts and accessories
Sources
Crossroads Bank for EnterprisesNational Bank · 14 filingsAddress and cadastre registers

Data from official sources, last processed on 18-09-2026. Scores and ratios are computed by Checked and are not a credit decision.

Contact details

3 entries
E-mail:info@turbobv.be
Enterprise
Phone:0478354076
Enterprise