TURKMEN
ActiveTURKMEN has been active since 1984 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €51k and a net result of €6k. Equity is growing by ~6.6% per year across the filed fiscal years. Its solvency ranks better than 37% of 18039 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2025
58
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability56▼-18
Solvency44▲+4
Growth78=
Track record100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2.5k at 30 days acceptable
Liquidity short (current ratio 0.8 against 0.91 in 2024; short-term debt: 17% and cash: 4.6% of total assets), and 81.2% 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 risk○neutral
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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Sector 47
higher
← fewer bankruptcies
more bankruptcies →
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
18.8%
Return on assets
2.2%
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 31-08-2026, 31 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
31 d late
2024
29 d late
2023
22 d late
2022
23 d late
2021
29 d late
2020
31 d late
2019
23 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, micro schema
Equity
€51k▲ 13.5%
2024 · €45k
2018: €32k
2019: €27k
2020: €39k
2021: €46k
2022: €36k
2023: €21k
2024: €45k
2018 → 2025
Total assets
€273k▼ 7.2%
2024 · €294k
2018: €435k
2019: €398k
2020: €410k
2021: €432k
2022: €383k
2023: €337k
2024: €294k
2018 → 2025
Net result
€6k▼ 75.0%
2024 · €25k
2018: €-21k
2019: €-5k
2020: €12k
2021: €7k
2022: €-10k
2023: €-15k
2024: €25k
2018 → 2025
Working capital
€-9k▼ 109%
2024 · €-4k
2018: €3k
2019: €-8k
2020: €2k
2021: €12k
2022: €-795
2023: €-20k
2024: €-4k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€46k-€36k▼ 21.8%€21k▼ 42.7%€45k▲ 118%€51k▲ 13.5%
Operating result€14k-€-1k€-7k▼ 465%€29k€15k▼ 48.9%
Net result€7k-€-10k€-15k▼ 53.2%€25k€6k▼ 75.0%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 49% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €273k
Fixed assets
€236k▼ 6.4%
Current assets
€37k▼ 12.0%
Equity and liabilities €273k
Equity
€51k▲ 13.5%
Debt
€221k▼ 11.0%
The debt ratio falls from 84.6% to 81.2%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€36k▼
2024 · €48k
Cash flow
€27k▼
2024 · €43k
Solvency
18.8%▲
2024 · 15.4%
Current ratio
0.80▼
2024 · 0.91
Quick ratio
0.64▲
2024 · 0.64
Debt / equity
4.31▼
2024 · 5.49
ROE
11.9%▼
2024 · 54.2%
ROA
2.2%▼
2024 · 8.3%
Interest coverage
4.15▼
2024 · 5.44
Debt
€221k▼
2024 · €249k
Debt ≤ 1 year
€46k▼
2024 · €47k
Debt > 1 year
€175k▼
2024 · €202k
Income taxes
€132▼
2024 · €165
Staff costs
€5k▲
2024 · €1k
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€294k€273k▼
Fixed assets21/28€252k€236k▼
Tangible fixed assets22/27€251k€235k▼
Land and buildings22€238k€225k▼
Furniture and vehicles24€13k€9k▼
Financial fixed assets28€1k€1k=
Current assets29/58€42k€37k▼
Stocks and contracts in progress3€12k€7k▼
Stocks30/36€12k€7k▼
Amounts receivable within one year40/41€16k€14k▼
Trade receivables40€11k€10k▼
Other amounts receivable41€5k€5k▼
Cash at bank and in hand54/58€10k€13k▲
Deferred charges and accrued income490/1€3k€3k▼
Equity and liabilities
Total equity and liabilities10/49€294k€273k▼
Equity10/15€45k€51k▲
Contributions10/11€19k€19k=
Reserves13€2k€2k=
Distributable reserves133€2k€2k=
Profit (loss) carried forward14€25k€31k▲
Amounts payable17/49€249k€221k▼
Amounts payable after more than one year17€202k€175k▼
Financial debts170/4€202k€175k▼
Amounts payable within one year42/48€47k€46k▼
Current portion of amounts payable after more than one year42€26k€27k▲
Financial debts43€833€833=
Credit institutions430/8€833€833=
Trade debts44€4k€6k▲
Suppliers440/4€4k€6k▲
Taxes, remuneration and social security45€9k€6k▼
Taxes450/3€9k€6k▼
Remuneration and social security454/9-€397
Other amounts payable47/48€7k€6k▼
Income statement
Code20242025
Remuneration, social security and pensions62€1k€5k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€18k€21k▲
Other operating charges640/8€9k€9k▲
Gross operating margin9900€58k€50k▼
Operating profit (loss)9901€29k€15k▼
Financial income75/76B€4k€0▼
Recurring financial income75€30€0▼
Non-recurring financial income76B€4k-
Financial charges65/66B€9k€9k▼
Recurring financial charges65€9k€9k▼
Profit (loss) for the period before taxes9903€25k€6k▼
Income taxes67/77€165€132▼
Profit (loss) for the period9904€25k€6k▼
Profit (loss) for the period to be appropriated9905€25k€6k▼
Appropriation of the result
Profit (loss) to be appropriated9906€25k€31k▲
Profit (loss) brought forward from the previous period14P€310€25k▲
The notes to these accounts (12 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
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 31 days late
2025
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 29 days late
2024
31-12
Financial
Back to profitnet €25k
Net result €25k after 2 loss-making years.
22-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 22 days late
2023
23-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 23 days late
2022
29-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 29 days late
2021
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
2020
31-12
Financial
Back to profitnet €12k
Net result €12k after 2 loss-making years.
08-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 30 days late
2018
28-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 28 days late
2017
23-06
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 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, Schaarbeek · 1 establishment unit since 1985
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.
Brabantstraat 1541030 SchaarbeekGround area
144 m²
Building footprint
142 m²
Volume, LiDAR
1,458 m³
Parcel 21908E0011/00X011, Brussels · tallest building 17.8 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Brabantstraat 154, 1030 Schaarbeek
since 19852.026.015.838
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21908E0011/00X011 | Brussels | 144 m² | 1 · 142 m² | 17.8 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.
Similar companies · same sector, comparable size
LINMAL
BE 0432.051.361
Tongeren-Borgloon · Eq €51k
OTSUKEORI
BE 0540.873.879
Sint-Jans-Molenbeek · Eq €52k
MARIE - JULIE
BE 0463.567.849
Roeselare · Eq €51k
FETISJ
BE 0457.972.434
Antwerpen · Eq €50k
ROBINS
BE 0435.027.875
Chaumont-Gistoux · Eq €50k
Of 1,272 companies in sector 47512 we hold annual accounts for 581. 458 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded11-12-1984
Fiscal year end31-12
Activities, NACEBEL
47512Retail sale of household textiles and bedding
52410
47789Other retail sale of new goods
52498
Sources
Crossroads Bank for EnterprisesNational Bank · 29 filingsAddress and cadastre registers
Data from official sources, last processed on 16-09-2026. Scores and ratios are computed by Checked and are not a credit decision.