TURGUT
InactiveTURGUT was declared bankrupt on 15-09-2022 (Ondernemingsrechtbank Antwerpen, afdeling Antwerpen); the bankruptcy was closed for insufficient assets by judgment of 05-12-2023, published in the Belgian State Gazette on 11-12-2023.
No longer registered with the KBO; last annual accounts for fiscal year 2020.
Signals
Four signals. The signal on the left, the evidence on the right.
○neutral
neutral · No filing for years
The last filed financial year closed on 31-12-2020. Since then, 5 financial years are missing. This points to a standstill, not an imminent failure.
NBB · 5 filingsPosition against the passed deadline
31-12-2021 close31-07-2022 deadline21-09-2026 today
neutral · Filed after the deadline
The financial year that closed on 31-12-2020 was due by 31-07-2021 and was filed on 16-09-2021, 47 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 5 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
not filed
2021
not filed
2020
47 d late
2019
31 d late
← before the deadline
after the deadline →
Financials · fiscal year 2020, micro schema
Equity
€-60k▲ 23.5%
2019 · €-78k
2018: €-42k
2019: €-78k
2018 → 2020
Total assets
€47k▲ 16.9%
2019 · €40k
2018: €59k
2019: €40k
2018 → 2020
Net result
€18k
2019 · €-36k
2018: €-64k
2019: €-36k
2018 → 2020
Working capital
€-66k▲ 29.8%
2019 · €-94k
2018: €-33k
2019: €-94k
2018 → 2020
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line201820192020Trend
Equity€-42k-€-78k▼ 86.9%€-60k▲ 23.5%
Operating result€-62k-€-33k▲ 47.2%€19k
Net result€-64k-€-36k▲ 43.3%€18k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2020: €19k after a loss of €33k in 2019, the highest result in the available series.
Balance-sheet composition
2020 in colour, 2019 as the grey bar beneath
Assets €47k
Fixed assets
€30k▼ 24.3%
Current assets
€17k▲ 2,300%
Key figures and ratios
EBITDA
€28k▲
2019 · €-19k
Cash flow
€28k▲
2019 · €-22k
Solvency
-126.7%▲
2019 · -193.7%
Current ratio
0.21▲
2019 · 0.01
Quick ratio
0.09▲
2019 · 0.01
Debt / equity
-0.40▼
2019 · -0.31
ROA
39.0%▲
2019 · -90.1%
Debt
€107k▼
2019 · €118k
Debt ≤ 1 year
€83k▼
2019 · €94k
Debt > 1 year
€24k=
2019 · €24k
Income taxes
€178▼
2019 · €181
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 · 2020 against 2019
Balance sheet
Code20192020
Assets
Total assets20/58€40k€47k▲
Fixed assets21/28€40k€30k▼
Tangible fixed assets22/27€36k€26k▼
Financial fixed assets28€3k€3k=
Current assets29/58€713€17k▲
Stocks and contracts in progress3-€10k
Amounts receivable within one year40/41-€6k
Cash at bank and in hand54/58€713€1k▲
Equity and liabilities
Total equity and liabilities10/49€40k€47k▲
Equity10/15€-78k€-60k▲
Contributions10/11€19k-
Reserves13€2k€2k=
Profit (loss) carried forward14€-98k€-80k▲
Amounts payable17/49€118k€107k▼
Amounts payable after more than one year17€24k€24k=
Amounts payable within one year42/48€94k€83k▼
Trade debts44€21k€31k▲
Income statement
Code20192020
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€14k€10k▼
Gross operating margin9900€-5k€54k▲
Operating profit (loss)9901€-33k€19k▲
Recurring financial charges65€3k€270▼
Profit (loss) for the period before taxes9903€-36k€19k▲
Income taxes67/77€181€178▼
Profit (loss) for the period9904€-36k€18k▲
Profit (loss) for the period to be appropriated9905€-36k€18k▲
Timeline · acts, filings and financial milestones
2023
11-12
Bankruptcy
Bankruptcy closure (insufficient assets)
Ondernemingsrechtbank Antwerpen, afdeling Antwerpen · TURGUT BV BREDERODESTRAAT 80, 2018 ANTWERPEN 1 · event 05-12-2023
2022
23-09
Bankruptcy
Opening
Ondernemingsrechtbank Antwerpen, afdeling Antwerpen · TURGUT BV BREDERODE- STRAAT 80, 2018 ANTWERPEN 1 · event 15-09-2022
2021
16-09
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 47 days late
2020
31-12
Financial
Back to profitnet €18k
Net result €18k after 2 loss-making years.
31-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 31 days late
2019
28-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 28 days late
2018
13-12
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 135 days late
2017
29-09
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 60 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
3 acts for this company are 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
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.
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | NICK PEETERS NOORDERLAAN 98,
2030 ANTWERPEN 3 |
15-09-2022 → present |