TURNICON
ActiveSummary
TURNICON has been active since 1993 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €3.1m and a net result of €95,065. Equity is growing by ~2.8% per year across the filed fiscal years. Its solvency ranks better than 95% of 39 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability45▲+7
Solvency100=
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €230,000 at 30 days acceptable
Liquidity ample (current ratio 73.74 against 31.53 in 2024; short-term debt: 1.4% and cash: 9.7% of total assets), and 1.4% of the assets are financed with debt.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers 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
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
98.6%
Return on assets
3%
Age of the figures
9 mo
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 14
Relative position
BE, all sectors
reference
Manufacture of wearing apparel (NACE 14)
about 12% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 10-07-2026, 21 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
21 d early
2024
50 d early
2023
31 d late
2022
114 d late
2021
28 d late
2020
31 d late
2019
28 d 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 23 days after the deadline; the sector median for financial year 2024 is 6 days before the deadline, and 35% of the sector filed late.
Checked, nothing found (2)
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
27-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, full schema
In the rankings
#4 company by equity in the province of Antwerp, Clothing sector#8 company by total assets in the province of Antwerp, Clothing sector#8 oldest company in the province of Antwerp, Clothing sector
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€95,065▲ 967%
2024 · €8,908
Working capital
€3.1m▲ 4.5%
2024 · €3.0m
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result-€132,702€140,508€137,952▼ 1.8%€8,193▼ 94.1%€122,178▲ 1,391%
Net result-€106,854€124,400€114,585▼ 7.9%€8,908▼ 92.2%€95,065▲ 967%
Equity€2.7m▼ 3.7%€2.9m▲ 4.5%€3.0m▲ 4.0%€3.0m▲ 0.3%€3.1m▲ 3.2%
Total assets€3.1m▼ 5.1%€3.3m▲ 6.5%€3.2m▼ 3.8%€3.1m▼ 2.9%€3.1m▲ 1.3%
Debt€358,882▼ 14.1%€437,685▲ 22.0%€198,523▼ 54.6%€96,772▼ 51.3%€42,444▼ 56.1%
Working capital€2.7m▼ 3.7%€2.8m▲ 4.7%€2.9m▲ 4.0%€3.0m▲ 0.3%€3.1m▲ 4.5%
Staff (FTE)4.8▼ 4.0%3.2▼ 33.3%2.4▼ 25.0%2.4=0.6▼ 75.0%
Why a figure moved sharply
- 2024 Net result -92% on 2023. Cause not known from the registers.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 1,391% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Equity and liabilities €3.1m
Equity
€3.1m ▲ 3.2%
Debt
€42,444 ▼ 56.1%
Debt's share of the balance-sheet total falls from 3.1% to 1.4%. Equity is higher and debt is lower.
Key figures and ratios
Current ratio
73.74▲
2024 · 31.53
Quick ratio
72.80▲
2024 · 30.63
Debt to equity
0.01▼
2024 · 0.03
ROE
3.1%▲
2024 · 0.3%
ROA
3.0%▲
2024 · 0.3%
Debt ≤ 1 year
€42,444▼
2024 · €96,772
Income taxes
€31,740▲
2024 · €3,190
Staff costs
€107,125▲
2024 · €61,081
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 16,986 companies that looked in July 2024 the way this one looks now, 0.5% went bankrupt within 24 months and 94% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a profit under 5% of the balance sheet
0.5%
went bankrupt
4.9%
stopped otherwise
94%
still going
A further 0.3% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.2% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 16,986 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €87,188 | €90,118 | €62,777 | €61,081 | €107,125 | ▲ 75.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,955 | €1,955 | €0 | - | - | - |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | €34,850 | €0 | ▼ 100% |
| Other operating charges640/8 | €2,760 | €2,003 | €9,256 | €2,161 | €2,602 | ▲ 20.4% |
| Gross operating margin9900 | -€40,799 | €234,584 | €209,985 | €106,285 | €231,905 | ▲ 118% |
| Operating profit (loss)9901 | -€132,702 | €140,508 | €137,952 | €8,193 | €122,178 | ▲ 1,391% |
| Financial income75/76B | €25,766 | €314 | €17,844 | €9,506 | €5,951 | ▼ 37.4% |
| Recurring financial income75 | €25,766 | €314 | €17,844 | €9,506 | €5,951 | ▼ 37.4% |
| Financial charges65/66B | €1,858 | €10,293 | €2,142 | €5,601 | €1,325 | ▼ 76.3% |
| Recurring financial charges65 | €1,858 | €10,293 | €2,142 | €5,601 | €1,325 | ▼ 76.3% |
| Profit (loss) for the period before taxes9903 | -€108,794 | €130,528 | €153,654 | €12,098 | €126,805 | ▲ 948% |
| Income taxes67/77 | -€1,940 | €6,128 | €39,069 | €3,190 | €31,740 | ▲ 895% |
| Profit (loss) for the period9904 | -€106,854 | €124,400 | €114,585 | €8,908 | €95,065 | ▲ 967% |
| Profit (loss) for the period to be appropriated9905 | -€106,854 | €124,400 | €114,585 | €8,908 | €95,065 | ▲ 967% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €3.1m | €3.3m | €3.2m | €3.1m | €3.1m | ▲ 1.3% |
| Fixed assets21/28 | €39,755 | €37,800 | €37,800 | €37,800 | €0 | ▼ 100% |
| Tangible fixed assets22/27 | €1,955 | €0 | - | - | - | - |
| Plant, machinery and equipment23 | €1,955 | €0 | - | - | - | - |
| Financial fixed assets28 | €37,800 | €37,800 | €37,800 | €37,800 | €0 | ▼ 100% |
| Current assets29/58 | €3.1m | €3.3m | €3.1m | €3.1m | €3.1m | ▲ 2.6% |
| Stocks and contracts in progress3 | €45,444 | €146,862 | €154,718 | €86,714 | €40,000 | ▼ 53.9% |
| Stocks30/36 | €45,444 | €146,862 | €154,718 | €86,714 | €40,000 | ▼ 53.9% |
| Amounts receivable within one year40/41 | €2.3m | €2.1m | €1.9m | €1.8m | €1.9m | ▲ 2.9% |
| Trade receivables40 | €377,682 | €439,697 | €314,450 | €299,074 | €11,048 | ▼ 96.3% |
| Other amounts receivable41 | €2.0m | €1.7m | €1.6m | €1.5m | €1.9m | ▲ 22.3% |
| Current investments50/53 | €250,000 | €249,440 | €947,265 | €996,015 | €898,015 | ▼ 9.8% |
| Cash at bank and in hand54/58 | €412,253 | €729,986 | €148,910 | €133,430 | €302,931 | ▲ 127% |
| Deferred charges and accrued income490/1 | €11,253 | €8,394 | €7,907 | €2,583 | €2,583 | = |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €3.1m | €3.3m | €3.2m | €3.1m | €3.1m | ▲ 1.3% |
| Equity10/15 | €2.7m | €2.9m | €3.0m | €3.0m | €3.1m | ▲ 3.2% |
| Contributions10/11 | €396,878 | €396,878 | €396,878 | €396,878 | €396,878 | = |
| Capital10 | €396,878 | €396,878 | €396,878 | €396,878 | €396,878 | = |
| Issued capital100 | €396,878 | €396,878 | €396,878 | €396,878 | €396,878 | = |
| Reserves13 | €2.5m | €2.5m | €2.6m | €2.6m | €2.7m | ▲ 3.7% |
| Non-distributable reserves130/1 | €39,688 | €39,688 | €39,697 | €39,688 | €39,688 | = |
| Legal reserve130 | €39,688 | €39,688 | €39,688 | €39,688 | €39,688 | = |
| Reserves not available under the articles1311 | - | - | €9 | - | - | - |
| Distributable reserves133 | €2.4m | €2.4m | €2.5m | €2.6m | €2.7m | ▲ 3.7% |
| Profit (loss) carried forward14 | -€106,854 | €0 | - | - | - | - |
| Amounts payable17/49 | €358,882 | €437,685 | €198,523 | €96,772 | €42,444 | ▼ 56.1% |
| Amounts payable within one year42/48 | €358,882 | €437,669 | €198,523 | €96,772 | €42,444 | ▼ 56.1% |
| Trade debts44 | €342,968 | €428,932 | €151,188 | €56,044 | €15,684 | ▼ 72.0% |
| Suppliers440/4 | €342,968 | €428,932 | €151,188 | €56,044 | €15,684 | ▼ 72.0% |
| Advances received on contracts in progress46 | - | - | €4,449 | €0 | - | - |
| Taxes, remuneration and social security45 | €15,914 | €8,737 | €17,290 | €15,346 | €968 | ▼ 93.7% |
| Taxes450/3 | - | - | €10,777 | €10,777 | €968 | ▼ 91.0% |
| Remuneration and social security454/9 | €15,914 | €8,737 | €6,513 | €4,569 | €0 | ▼ 100% |
| Other amounts payable47/48 | - | - | €25,596 | €25,382 | €25,792 | ▲ 1.6% |
| Accrued charges and deferred income492/3 | - | €16 | €0 | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€106,854 | €124,400 | €114,585 | €8,908 | €95,065 | ▲ 967% |
| + Depreciation and write-downs630 | €1,955 | €1,955 | €0 | - | - | - |
| Operating cash flow (approximation) | -€104,899 | €126,356 | €114,585 | €8,908 | €95,065 | ▲ 967% |
| Investment in fixed assets (approximation) | - | -€0 | €0 | €0 | €37,800 | - |
| Change in cash | - | €317,733 | -€581,076 | -€15,480 | €169,501 | ▲ 1,195% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
10-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
31-12
Financial
Liquidity doublescurrent ratio 73.74
Current ratio from 31.53 to 73.74; short-term debt falls from €96,772 to €42,444.
11-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-08
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 31 days late
2023
31-12
Financial
Liquidity doublescurrent ratio 15.84
Current ratio from 7.47 to 15.84; short-term debt falls from €437,669 to €198,523.
22-11
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 114 days late
2022
31-12
Financial
Back to profitnet €124,400
Net result €124,400 after one loss-making year.
28-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 28 days late
2021
31-12
Financial
Weakest financial yearnet -€106,854
Net result drops to -€106,854, the lowest in the series; recovery starts the following year.
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 31 days late
2020
31-12
Financial
Highest result since 2018net €182,943 ▲28.5%
Operating result €256,857, net result €182,943, both a record.
31-12
Financial
Liquidity triplescurrent ratio 7.73
Current ratio from 2.42 to 7.73; short-term debt falls from €1.8m to €417,671.
Show earlier events
28-08
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 28 days late
2019
26-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 26 days late
2018
30-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 30 days late
2017
30-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 30 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
4 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, Turnhout · 1 establishment unit since 1993
Ground area
289 m²
Building footprint
48 m²
Volume, LiDAR
149 m³
Parcel 13452N0081/00W004, Flanders · tallest building 3.6 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
TURNICON NV
since 19932.064.047.855
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 13452N0081/00W004 | Flanders | 289 m² | 1 · 48 m² | 3.6 m · 1 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Structure & network
Owners and holdings
1 ownerChain of control
- FASHION UNLIMITED
- TURNICON
Highest known parent: FASHION UNLIMITED. The sources do not say who stands above it.
Owners 1
-
99.88%
Holdings 0
No holding stated in the accounts, acts or LEI register we read.
According to the annual accounts of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
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Of 1,090 companies in sector 14210 we hold annual accounts for 212. 67 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded29-09-1993
Fiscal year end31-12
Activities, NACEBEL 2025
14210Manufacture of outerwear
E-invoicing
Reachable via Peppol
Peppol ID
0208:0450997045
Also
9925:BE0450997045
Registered
17-02-2025
Register as of 26 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.