TURGUTOGLU
ActiveThe computed 12-month bankruptcy probability of TURGUTOGLU is 6.1% (elevated). The 2024 annual accounts show equity of €85k and a net result of €32k. Equity is growing by ~42.7% per year across the filed fiscal years. Its solvency ranks better than 95% of 18940 sector peers (fiscal year 2024). The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
59
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. An elevated bankruptcy probability caps the score. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability100▲+5
Solvency100=
Growth85=
Track record100
Bankruptcy probability, 12 months
6.1%
Elevated
0%0.5%1.5%4%10%≥ 25%
Credit up to €5k at 30 days only on tighter terms
Liquidity ample (current ratio 34.61 against 2.85 in 2023; short-term debt: 2.4% and cash: 5.7% of total assets), and 2.4% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 56
Relative position
BE, all sectors
reference
Sector 56
higher
← fewer bankruptcies
more bankruptcies →
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 09-10-2025, 70 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
70 d late
2023
2 d early
2022
25 d late
2021
84 d early
2020
37 d early
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Turnover
€160k▲ 145%
2020 · €65k
2020: €65k
2020 → 2021
EBIT margin
1.4%▼ 2.9pp
2020 · 4.3%
2020: 4.3%
2020 → 2021
Net result
€32k▲ 113%
2023 · €15k
2020: €3k
2021: €2k
2022: €13k
2023: €15k
2020 → 2024
Working capital
€70k▲ 112%
2023 · €33k
2020: €16k
2021: €3k
2022: €15k
2023: €33k
2020 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Turnover€65k-€160k▲ 145%
Equity€23k-€25k▲ 9.7%€38k▲ 50.6%€53k▲ 40.1%€85k▲ 61.0%
Operating result€3k-€2k▼ 20.0%€13k▲ 492%€18k▲ 37.0%€32k▲ 77.0%
Net result€3k-€2k▼ 21.6%€13k▲ 471%€15k▲ 19.4%€32k▲ 113%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2021 the operating result has climbed three years in a row; 2024 is 77% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €87k
Fixed assets
€15k▼ 24.6%
Current assets
€72k▲ 41.5%
Equity and liabilities €87k
Equity
€85k▲ 61.0%
Debt
€2k▼ 88.3%
The debt ratio falls from 25.3% to 2.4%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€37k▲
2023 · €23k
Cash flow
€37k▲
2023 · €20k
Solvency
97.6%▲
2023 · 74.7%
Current ratio
34.61▲
2023 · 2.85
Quick ratio
34.61▲
2023 · 2.83
Debt / equity
0.02▼
2023 · 0.34
ROE
37.9%▲
2023 · 28.6%
ROA
37.0%▲
2023 · 21.4%
Interest coverage
224.37▲
2023 · 160.72
Debt
€2k▼
2023 · €18k
Debt ≤ 1 year
€2k▼
2023 · €18k
Staff costs
€5k
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€71k€87k▲
Fixed assets21/28€20k€15k▼
Intangible fixed assets21€14k€12k▼
Tangible fixed assets22/27€6k€3k▼
Plant, machinery and equipment23€1k€564▼
Furniture and vehicles24€4k€2k▼
Current assets29/58€51k€72k▲
Stocks and contracts in progress3€449-
Stocks30/36€449-
Amounts receivable within one year40/41€15k€67k▲
Other amounts receivable41€15k€67k▲
Cash at bank and in hand54/58€36k€5k▼
Equity and liabilities
Total equity and liabilities10/49€71k€87k▲
Equity10/15€53k€85k▲
Contributions10/11€20k€20k=
Profit (loss) carried forward14€33k€65k▲
Amounts payable17/49€18k€2k▼
Amounts payable within one year42/48€18k€2k▼
Trade debts44€18k€1k▼
Suppliers440/4€18k€1k▼
Taxes, remuneration and social security45-€717
Remuneration and social security454/9-€717
Income statement
Code20232024
Remuneration, social security and pensions62-€5k
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€5k€5k=
Other operating charges640/8€401€403▲
Non-recurring operating charges66A€520-
Gross operating margin9900€24k€43k▲
Operating profit (loss)9901€18k€32k▲
Financial income75/76B€61-
Recurring financial income75€61-
Financial charges65/66B€144€166▲
Recurring financial charges65€144€166▲
Profit (loss) for the period before taxes9903€18k€32k▲
Income taxes67/77€3k-
Profit (loss) for the period9904€15k€32k▲
Profit (loss) for the period to be appropriated9905€15k€32k▲
Appropriation of the result
Profit (loss) to be appropriated9906€33k€65k▲
Profit (loss) brought forward from the previous period14P€18k€33k▲
The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2026
03-08
State Gazette act
Resignations & appointmentsGeneral meeting · Director appointment2 facts ▸
State Gazette act
Resignations & appointments
General meeting · Director appointment2 facts ▸
- General meeting, 20/07/2026
- Director appointment, Metin COSGUN (administrateur)
2025
09-10
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 70 days late
2024
31-12
Financial
Highest result since 2020net €32k ▲113%
Operating result €32k, net result €32k, both a record.
31-12
Financial
Liquidity times 12current ratio 34.61
Current ratio from 2.85 to 34.61; short-term debt falls from €18k to €2k.
29-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
25-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 25 days late
2022
31-12
Financial
Liquidity times 31current ratio 34.58
Current ratio from 1.13 to 34.58; short-term debt falls from €23k to €443.
08-05
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Weakest financial yearnet €2k ▼21.6%
Net result drops to €2k, the lowest in the series; recovery starts the following year.
24-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
1 director, no change since 2026
Metin COSGUN
CurrentDirector · since 20-07-2026
20-07-2026
Appointed as Director
Location & real-estate footprint
Registered office, Sint-Joost-ten-Node · 1 establishment unit since 2020
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.
de Liedekerkestraat 1371210 Sint-Joost-ten-NodeGround area
47 m²
Building footprint
42 m²
Volume, LiDAR
627 m³
Parcel 21572B0027/00W000, Brussels · tallest building 17.0 m, ±5 floors. Linked by address, not a title deed.
1 establishment unit
SNACK HOUWAERT
since 20202.302.095.852
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21572B0027/00W000 | Brussels | 47 m² | 1 · 42 m² | 17.0 m · 5 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.
Recognitions · licences · registrations
Food safety, FASFC
1 siteSint-Joost-ten-Node2.302.095.852
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Of 21,908 companies in sector 56112 we hold annual accounts for 9,783. 7,989 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded07-05-2020
Fiscal year end31-12
Activities, NACEBEL
56102Limited-service restaurants
56112Limited-service restaurants, excluding mobile food services
Sources
Crossroads Bank for EnterprisesNational Bank · 5 filingsAddress and cadastre registers
Data from official sources, last processed on 17-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
2 entriesE-mail:kaan.cosgun@icloud.com
Phone:0484184752