TURK
ActiveTURK has been active since 1987 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €252k and a net result of €10k. Equity is shrinking by ~5.1% per year across the filed fiscal years. Its solvency ranks better than 78% of 527 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
83
/ 100
Excellent▼ -17 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability20▼-54
Solvency100=
Growth51=
Stability100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €21k at 30 days acceptable
Liquidity ample (current ratio 2.77 against 3.63 in 2024), and 27.2% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Eight signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 90
Relative position
BE, all sectors
reference
Sector 90
lower
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
72.8%
Return on assets
2.9%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 28-08-2026, 28 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 · 10 filingsDeviation from the deadline
2025
28 d late
2024
61 d late
2023
114 d late
2022
28 d late
2021
17 d late
2020
45 d early
2019
45 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
16-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Turnover
€99k▲ 25.6%
2019 · €79k
2018: €97k
2019: €79k
2018 → 2020
EBIT margin
30.8%▲ 75.0pp
2019 · -44.2%
2018: -41.3%
2019: -44.2%
2018 → 2020
Net result
€10k▼ 76.4%
2024 · €43k
2018: €-44k
2019: €-39k
2020: €26k
2021: €25k
2022: €-76k
2023: €15k
2024: €43k
2018 → 2025
Working capital
€157k▼ 19.1%
2024 · €194k
2018: €-8k
2019: €-62k
2020: €-49k
2021: €-40k
2022: €63k
2023: €193k
2024: €194k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€390k-€294k▼ 24.6%€279k▼ 5.2%€292k▲ 4.7%€252k▼ 13.7%
Operating result€29k-€24k▼ 16.8%€25k▲ 2.9%€66k▲ 167%€18k▼ 73.1%
Net result€25k-€-76k€15k€43k▲ 192%€10k▼ 76.4%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 73% below 2024 and is the lowest year so far.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €346k
Fixed assets
€101k▼ 10.0%
Current assets
€245k▼ 8.3%
Equity and liabilities €346k
Equity
€252k▼ 13.7%
Debt
€94k▲ 7.4%
The debt ratio rises from 23.1% to 27.2%: debt grows while equity shrinks.
Key figures and ratios
EBITDA
€30k▼
2024 · €79k
Cash flow
€23k▼
2024 · €56k
Solvency
72.8%▼
2024 · 76.9%
Current ratio
2.77▼
2024 · 3.63
Quick ratio
2.77▼
2024 · 3.63
Debt / equity
0.37▲
2024 · 0.30
ROE
4.0%▼
2024 · 14.8%
ROA
2.9%▼
2024 · 11.4%
Interest coverage
26.82▼
2024 · 51.24
Debt
€94k▲
2024 · €88k
Debt ≤ 1 year
€88k▲
2024 · €74k
Debt > 1 year
€6k▼
2024 · €14k
Income taxes
€8k▼
2024 · €28k
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 · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€379k€346k▼
Fixed assets21/28€112k€101k▼
Tangible fixed assets22/27€111k€100k▼
Land and buildings22€73k€72k▼
Plant, machinery and equipment23€5k€4k▼
Furniture and vehicles24€34k€24k▼
Financial fixed assets28€752€752=
Current assets29/58€267k€245k▼
Amounts receivable within one year40/41€29k€46k▲
Trade receivables40-€18k
Other amounts receivable41€29k€28k▼
Current investments50/53-€150k
Cash at bank and in hand54/58€235k€45k▼
Deferred charges and accrued income490/1€4k€4k▲
Equity and liabilities
Total equity and liabilities10/49€379k€346k▼
Equity10/15€292k€252k▼
Contributions10/11€62k€62k=
Capital10€62k€62k=
Issued capital100€62k€62k=
Reserves13€102k€62k▼
Non-distributable reserves130/1€6k€6k=
Legal reserve130€6k€6k=
Distributable reserves133€96k€56k▼
Profit (loss) carried forward14€127k€128k▲
Amounts payable17/49€88k€94k▲
Amounts payable after more than one year17€14k€6k▼
Financial debts170/4€14k€6k▼
Amounts payable within one year42/48€74k€88k▲
Current portion of amounts payable after more than one year42€23k€8k▼
Trade debts44€7k€13k▲
Suppliers440/4€7k€13k▲
Taxes, remuneration and social security45€14k€17k▲
Taxes450/3€14k€17k▲
Other amounts payable47/48€30k€50k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€13k€12k▼
Other operating charges640/8€2k€2k▼
Non-recurring operating charges66A€14k-
Gross operating margin9900€94k€32k▼
Operating profit (loss)9901€66k€18k▼
Financial income75/76B€7k€2k▼
Recurring financial income75€7k€2k▼
Financial charges65/66B€2k€1k▼
Recurring financial charges65€2k€1k▼
Profit (loss) for the period before taxes9903€71k€19k▼
Income taxes67/77€28k€8k▼
Profit (loss) for the period9904€43k€10k▼
Profit (loss) for the period to be appropriated9905€43k€10k▼
Appropriation of the result
Profit (loss) to be appropriated9906€189k€138k▼
Profit (loss) brought forward from the previous period14P€146k€127k▼
Transfer from equity791/2-€50k
Transfer to equity691/2€32k€10k▼
To other reserves6921€32k€10k▼
Profit to be distributed694/7€30k€50k▲
Return on contributions (dividend)694€30k€50k▲
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
Next filing, fiscal year 2026, expected by
2026
28-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 28 days late
2025
30-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 61 days late
2024
31-12
Financial
Highest result since 2018net €43k ▲192%
Operating result €66k, net result €43k, both a record.
22-11
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 114 days late
2023
31-12
Financial
Back to profitnet €15k
Net result €15k after one loss-making year.
28-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 28 days late
2022
31-12
Financial
Weakest financial yearnet €-76k ▼408%
Net result drops to €-76k, the lowest in the series; recovery starts the following year.
31-12
Financial
Liquidity doublescurrent ratio 1.36
Current ratio from 0.67 to 1.36.
17-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 17 days late
2021
16-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Back to profitnet €26k
Net result €26k after 2 loss-making years.
16-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
11-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
06-07
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
09-06
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
6 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
Registered office, Namur · 1 establishment unit since 1987
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.
Quatre Gros Sous(WP) 75100 NamurGround area
856 m²
Building footprint
78 m²
Volume, LiDAR
638 m³
Parcel 92135F0135/00T000, Wallonia · tallest building 9.4 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Quatre Gros Sous(WP) 7, 5100 Namur
since 19872.031.742.895
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 92135F0135/00T000 | Wallonia | 856 m² | 1 · 78 m² | 9.4 m · 3 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.
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DRAAKJE
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FUUT
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Of 8,295 companies in sector 90201 we hold annual accounts for 602. 425 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded23-11-1987
Fiscal year end31-12
Activities, NACEBEL
90201Performing arts by independent artists
92311
47620Retail trade
47621Retail sale of newspapers and periodicals
52470
68310Real estate agency activities
68311Real estate activities
70311
Sources
Crossroads Bank for EnterprisesNational Bank · 37 filingsAddress and cadastre registers
Data from official sources, last processed on 15-09-2026. Scores and ratios are computed by Checked and are not a credit decision.