Skip to content

TURKUAZ

Active
Private limited companyfounded 2004active for 21 yearsDendermondsesteenweg 68, 9000 Gent, BelgiumKBO/BCE: BE 0870.511.553
Summary

TURKUAZ has been active since 2004 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€45,490) and a net result of €56,959. Equity is shrinking by about 18% per year across the filed financial years. Its solvency ranks better than 10% of 22,382 sector peers (NACE 47, financial year 2025). The computed 12-month bankruptcy probability is 0.7% (low).

Overview

Activity
Retail sale of lighting equipment
NACE 47552
1 site
Size
€61,910total assets 2025
Equity
-€45,490
Profit
€56,959
Turnover not published (micro format)
Financial health
56 Fair Checked score 2025
Bankruptcy probabilitywithin 12 months
0.7%
Structure
Accounts 3 days early1 of 3 deeds read
Why 56raises riskCapped at 59: negative equityNegative equity -€45,490Sector: Retail trade (NACE 47)lowers riskSize: total assets €61,910Founded in 2004Show the evidence

Checked score

Score 2025
56 / 100
Fair
Probability in this band: 1.5% to 4.2%
Financially better than 61% of its sector peers (NACE 47, micro)
Negative equity caps the score at 59. Every signal that counts is listed under Signals.
Financial strength · tick = 2024
Average
Solvency 0=
equity -73.5% of total assets
Liquidity 52+2
short-term debt 12.0% · cash 2.4%
Profitability 100+100
return on assets 92.0%
Bankruptcy probability, 12 months
0.7% Low
0%0.5%1.5%4%10%≥ 25%

About 7 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.6% (40,225 companies, NACE 47, micro)
Last 24 months 11-2024: 1.1% 12-2024: 1.1%● unchanged vs 11-2024 01-2025: 1.4%▲ +0.3 percentage points vs 12-2024highest value 02-2025: 0.7%▼ -0.7 percentage points vs 01-2025 03-2025: 0.7%● unchanged vs 02-2025 04-2025: 0.7%● unchanged vs 03-2025 05-2025: 0.7%● unchanged vs 04-2025 06-2025: 0.7%● unchanged vs 05-2025 07-2025: 0.7%● unchanged vs 06-2025 08-2025: 0.7%● unchanged vs 07-2025 09-2025: 0.7%● unchanged vs 08-2025 10-2025: 0.7%● unchanged vs 09-2025 11-2025: 0.7%● unchanged vs 10-2025 12-2025: 0.7%● unchanged vs 11-2025lowest value 01-2026: 0.7%● unchanged vs 12-2025 02-2026: 0.7%● unchanged vs 01-2026 03-2026: 0.7%● unchanged vs 02-2026 04-2026: 0.7%● unchanged vs 03-2026 05-2026: 0.7%● unchanged vs 04-2026 06-2026: 0.7%● unchanged vs 05-2026 07-2026: 0.7%● unchanged vs 06-2026 08-2026: 0.7%● unchanged vs 07-2026 09-2026: 0.7%● unchanged vs 08-2026 10-2026: 0.7%● unchanged vs 09-2026
No credit on open account
Liquidity ample (current ratio 8.37, above the usual 1.5; short-term debt: 12% and cash: 2.4% of total assets), but equity is negative.
How it is calculated

The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:

75-100 Excellent under 0.55%
60-74 Healthy 0.55% to 1.5%
45-59 Fair 1.5% to 4.2%
25-44 Weak 4.2% to 15.0%
0-24 Critical over 15.0%

Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 47, micro): better than 6% on solvency, 56% on liquidity, 96% on profitability and 87% on growth.

The bankruptcy probability was computed on 19-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.

Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).

Credit check for your own amount and term

Show the recommended maximum and see how the verdict changes with amount, term and advance.

Signals

Six signals.
lowers riskraises riskneutral
lowers risk · Size: total assets €61,910
Companies of this size fail less often; how much that weighs depends on the rest of its profile.
NBB · annual accounts
lowers risk · Founded in 2004
Companies that have existed this long fail less often; how much that weighs depends on the rest of its profile.
KBO
raises risk · Negative equity -€45,490
NBB · annual accounts
raises risk · Sector: Retail trade (NACE 47)
KBO
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 10% of 22382 sector peers (2025).
NBB · sector comparison
Position among 22382 sector peers
Solvency
better than 10%
← weakest strongest →
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 28-01-2026, 3 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
3 days early
2024
on the day
2023
20 days late
2022
13 days late
2021
22 days late
2020
15 days late
2019
7 days late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 7 accounts on average 11 days after the deadline; the sector median (NACE 47) for financial year 2024 is on the deadline day, and 47% of those companies filed late.

Searched, nothing found (2)
neutral · Next filing not due yet
The financial year that closed on 30-06-2026 is due by 31-01-2027. Nothing is late today. The company usually files around 13 February (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Where today falls in the filing period
30-06-2026 year end20-10-2026 today31-01-2027 deadline
neutral · No strike-offs in the KBO publications
Searched since 2021.
KBO publications · our coverage
  1. Annual accounts filedfinancial year 2025 · micro…
  2. Resignation: TANRIVERDI Mevlüt (director)Appointment: CHAACHOUA Meryam (director) ·…
  3. Back to profitnet €56,959

Key points

  • Risk: Negative equityfinancial year 2025: debts exceed assets -€45,490 View
  • Positive: Back in profit in 2025after -€17,085 in 2024 €56,959 View
  • Caution: Among the weakest 9% on equitysector median €41,347 · 22,423 companies -€45,490 View
  • Caution: Board changedlatest change 22-12-2025 · 1 in office 1 joined · 1 left View

By topic

Financials

Financial year
2025
Total assets
€61,910
Profit
€56,959
Solvency
-73.5%
Go to Financials

Timeline

Events
24
Since
2007
Next accounts
by 31-01-2027
  1. 30-06-2025Liquidity more than 20 times
  2. 31-01-2025Annual accounts filed
  3. 20-02-2024Annual accounts filed
Go to Timeline

Company details

Sites
1
Legal form
Private limited company
Activity
Retail sale of lighting equipmentNACE 47552
Founded
10-12-2004
Year ends
30-06
Peppol
Reachable for e-invoices
Go to Company details

Articles of association

Provisions read
27
Annual meeting
30 November at 19:00
Purpose
“Groot- en/of kleinhandel in decoratie- en cadeauartikelen,in meubelen,materassen en…” (deed in Dutch)
Go to Articles of association

Go further with this company

Your own company? See how customers, suppliers and banks see it and what to improve first.

Investigating this company? Keep it with today's facts in a case file.