Active BE 0500.641.645Private limited company (pre-2019)

TURBO PROPERTIES

Vosseschijnstraat 140 ·2030 Antwerpen, Belgium· 13 yrs active

Sector: Activities of holding companies (64210)

Conclusion Checked

TURBO PROPERTIES is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2024 annual accounts show equity of €101k and a net result of €1k. Equity remains stable across the filed fiscal years (±2.4% per year). Its solvency ranks better than 21% of 6148 sector peers (fiscal year 2024). The company has been active since 2012 and the Belgian State Gazette contains no insolvency or warning signals.

Based on the State Gazette, CBE and 4 annual accounts.

Key figures

Equity	€101k
Net result	€1k
Better than sector	21%
Active	13 yrs

Financial profile 4 of 5 axes measured · computed by Checked

51 / 100

Mixed profile: strong on stability, weaker on profitability.

Computed on 4 of 5 axes. Not measured: health. An unmeasured axis is not a zero: no data was read for it.

Health -

Profitability 6

Solvency 47

Growth 52

Stability 100

Bankruptcy probability (12 mo) Checked model v1 · free

This is a financial institution (bank, insurer or financial holding). Our bankruptcy model is trained on ordinary trading and manufacturing companies; a bank balance sheet falls outside that scope. We therefore show no bankruptcy probability rather than a misleading figure.

Risk Assessment rule-based

0 / 100

Low risk

Trust signals 2 signals

Established

Founded in 2012, 13 years in business.

No legal incidents

No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.

Administrative Flags0 events

No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

Checked score

Model not applicable to financial institutions

The health score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here.

Financial overview12 NBB filings

Annual accounts filed on 31-08-2025 with the NBB · fiscal year 2024 · abbreviated schema

Operating resultNet result

Trajectory (indicative)

Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.

stable Equity: stable across 4 fiscal years (±2.4%/year).

Solid line = filed figures · dashed = extended trend · area = indicative range.

How do we compute this?

The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.

The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.

A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).

Sector comparison

Fiscal year 2024 · NACE 64, Financial service activities, except insurance and pension funding · compared within the same schema type (abbreviated schema)

Metric	This company	Sector median	Position in the sector
Solvency	20.0%	52.2%	better than 21% of 6148 sector peers
Net result	€1k	€54k	better than 21% of 6146 sector peers
Equity	€101k	€677k	better than 17% of 6149 sector peers
Gross operating margin	€57k	€93k	better than 39% of 6140 sector peers
Employees (FTE)	0.0	0.0	better than 30% of 2272 sector peers

Net profit

€1k

- 21-24

Total assets

€506k

-11.0% 21-24

Equity

€101k

+1.2% 21-24

Employees (FTE)

0

- 21-24

Income taxes

€3k

- 21-24

Debt

€405k

-13.6% 21-24

Debt ≤ 1y

€67k

-10.5% 21-24

Debt > 1y

€338k

-14.1% 21-24

Solvency

20.0%

+13.7% 21-24

ROE

1.2%

- 21-24

ROA

0.2%

- 21-24

Figures by fiscal year and ratios

Highlight YoY changes (±10%)

Fiscal year	2024	2023	2022	2021
Deposit	abbreviated schema	abbreviated schema	abbreviated schema	abbreviated schema
Revenue	n/a	n/a	n/a	n/a
EBITDA	n/a	n/a	n/a	n/a
Net profit	€1k	€-2k	€11k	€82k
Cash flow	n/a	n/a	n/a	n/a
Staff costs	-	-	-	-
Income taxes	-	-	€3k	-
Dividends	-	-	-	-
Total assets	€506k	€568k	€469k	€497k
Equity	€101k	€100k	€102k	€90k
Debt	€405k	€468k	€368k	€406k
of which ≤ 1y	€67k	€75k	€59k	€48k
of which > 1y	€338k	€393k	€308k	€358k
Working capital	n/a	n/a	n/a	n/a
Employees (FTE)	0.0	-	-	-

Ratios (computed)

	2024	2023	2022	2021
Current ratio	n/a	n/a	n/a	n/a
Quick ratio	n/a	n/a	n/a	n/a
Working capital ratio	n/a	n/a	n/a	n/a
Solvency	20.0%	17.6%	21.6%	18.2%
Debt / equity	n/a	n/a	n/a	n/a
Long-term debt ratio	n/a	n/a	n/a	n/a
Interest coverage	n/a	n/a	n/a	n/a
Gross margin	n/a	n/a	n/a	n/a
Net margin	n/a	n/a	n/a	n/a
ROA	0.2%	-0.3%	2.4%	16.5%
ROE	1.2%	-1.5%	11.2%	90.6%
EBITDA margin	n/a	n/a	n/a	n/a
Days sales outstanding	n/a	n/a	n/a	n/a
Days payable outstanding	n/a	n/a	n/a	n/a
Inventory turnover	n/a	n/a	n/a	n/a
Days inventory (DSI)	n/a	n/a	n/a	n/a

Balance-sheet composition 2024

Assets

Fixed assets €322k · 63.6% Current assets €184k · 36.4%

Equity & liabilities

Equity €101k · 20.0% Debt €405k · 80.0%

Full annual accounts (23 line items)

Filed balance sheet and income statement, exactly as deposited with the NBB.

Line item	Code	2024	2023	2022	2021
Balance sheet, Assets
TOTAL ASSETS	20/58	€506k	€568k	€469k	€497k
Fixed assets	21/28	€322k	€354k	€386k	€418k
Tangible fixed assets	22/27	€322k	€354k	€386k	€418k
Current assets	29/58	€184k	€214k	€83k	€78k
Amounts receivable within one year	40/41	€174k	€138k	€74k	€74k
Cash & bank	54/58	€5k	€72k	€4k	€1
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES	10/49	€506k	€568k	€469k	€497k
Equity	10/15	€101k	€100k	€102k	€90k
Contributions / capital	10/11	€25k	€25k	€25k	€25k
Reserves	13	€76k	€77k	€65k	€458
Accumulated profits (losses)	14	€0	€-2k	€11k	€65k
Amounts payable	17/49	€405k	€468k	€368k	€406k
Amounts payable after one year	17	€338k	€393k	€308k	€358k
Amounts payable within one year	42/48	€67k	€75k	€59k	€48k
Trade debts payable within one year	44	€6k	€7k	€8k	€5k
Income statement
Gross operating margin	9900	€57k	€59k	€64k	€63k
Operating result	9901	€15k	€10k	€25k	€24k
Financial income	75	-	-	-	€68k
Financial charges	65	€14k	€11k	€11k	€10k
Result before taxes	9903	€1k	€-2k	€14k	€82k
Income taxes	67/77	-	-	€3k	-
Net result for the period	9904	€1k	€-2k	€11k	€82k
Result to be appropriated	9905	€1k	€-2k	€11k	€82k

Legal Structure

NACE primary	Activities of holding companies(64210)
Legal form	Private limited company (pre-2019)(015)
Incorporation	05-11-2012
Status	Active
Postal code	2030

Establishment units 1 location

TURBO PROPERTIES

Vosseschijnstraat 140, 2030 AntwerpenHoldings

since 20122.344.893.638

Real-estate footprint Source: CBE × cadastre

Flanders 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
11807G1708/00Z002	Flanders	1.7 ha	1 · 1.0 ha	12.4 m · 3 fl.

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.

Updates 10 events

All 14Financial 4Filings 10

2025

31-08

NBB filing Annual accounts filed

fiscal year 2024 · abbreviated schema · 31 days late

2024

31-12

Financial Back to profitnet €1k

Net result €1k after one loss-making year.

01-08

NBB filing Annual accounts filed

fiscal year 2023 · abbreviated schema · 1 day late

2023

31-12

Financial Weakest financial yearnet €-2k ▼113%

Net result drops to €-2k, the lowest in the series; recovery starts the following year.

31-12

Financial Liquidity doublescurrent ratio 2.86

Current ratio from 1.40 to 2.86.

16-06

NBB filing Annual accounts filed

fiscal year 2022 · abbreviated schema

2022

31-12

Financial Equity above €100kEq €102k ▲12.6%

2 profitable years in a row build equity to €102k.

28-07

NBB filing Annual accounts filed

fiscal year 2021 · abbreviated schema

2021

26-08

NBB filing Annual accounts filed

fiscal year 2020 · abbreviated schema · 26 days late

2020

28-08

NBB filing Annual accounts filed

fiscal year 2019 · abbreviated schema · 28 days late

2019

05-08

NBB filing Annual accounts filed

fiscal year 2018 · abbreviated schema · 5 days late

2018

01-08

NBB filing Annual accounts filed

fiscal year 2017 · abbreviated schema · 1 day late

2017

16-08

NBB filing Annual accounts filed

fiscal year 2016 · abbreviated schema · 16 days late

2016

23-08

NBB filing Annual accounts filed

fiscal year 2015 · abbreviated schema · 23 days late

Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Belgian State Gazette reading coverage 0 of 5 acts read

We know of 5 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.

Credit advice verdict per customer and amount

Company registry (CBE) Crossroads Bank

Activities

Holdings64200Activities of holding companies64210

Names & trade names

Legal nameNL

TURBO PROPERTIES

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