TURQUOISE
ActiveSummary
TURQUOISE has been active since 1988 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show negative equity (-€6,074) and a net result of €9,509. Equity is growing by ~29.6% per year across the filed fiscal years. Its solvency ranks better than 17% of 26049 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability100▲+12
Solvency8▲+8
Growth78=
Track record100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.85 against 0.7 in 2023; short-term debt: 117.3% and cash: 9.2% of total assets), and equity is negative.
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Signals
Six 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 · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
-17.3%
Return on assets
27.2%
Age of the figures
21 mo
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
Retail trade (NACE 47)
about 45% more bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 17% of 26049 sector peers (2024).
NBB · sector comparisonPosition among 26049 sector peers
Solvency
better than 17%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 06-06-2025, 55 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
55 d early
2023
61 d early
2022
48 d early
2021
72 d early
2020
71 d early
2019
39 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 58 days before the deadline; the sector median for financial year 2024 is on the deadline day, and 46% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, micro schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€9,509▲ 26.1%
2023 · €7,541
Working capital
-€6,111▲ 60.9%
2023 · -€15,621
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 47, Retail trade, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result€5,017▼ 70.2%€15,220▲ 203%€7,535▼ 50.5%€7,924▲ 5.2%€9,888▲ 24.8%
Net result€3,865within the sector's middle half▼ 74.0%€12,753within the sector's middle half▲ 230%€8,519within the sector's middle half▼ 33.2%€7,541within the sector's middle half▼ 11.5%€9,509within the sector's middle half▲ 26.1%
Equity-€44,396below the sector's middle half▲ 8.0%-€31,644below the sector's middle half▲ 28.7%-€23,125below the sector's middle half▲ 26.9%-€15,584below the sector's middle half▲ 32.6%-€6,074below the sector's middle half▲ 61.0%
Total assets€28,794below the sector's middle half▼ 0.4%€31,037below the sector's middle half▲ 7.8%€32,450below the sector's middle half▲ 4.6%€36,987below the sector's middle half▲ 14.0%€35,014below the sector's middle half▼ 5.3%
Debt€73,190▼ 5.2%€62,681▼ 14.4%€55,575▼ 11.3%€52,571▼ 5.4%€41,088▼ 21.8%
Working capital-€39,055below the sector's middle half▲ 2.2%-€31,681below the sector's middle half▲ 18.9%-€23,162below the sector's middle half▲ 26.9%-€15,621below the sector's middle half▲ 32.6%-€6,111within the sector's middle half▲ 60.9%
Solvency-154.2%below the sector's middle half▲ 12.7pp-102.0%below the sector's middle half▲ 52.2pp-71.3%below the sector's middle half▲ 30.7pp-42.1%below the sector's middle half▲ 29.1pp-17.3%below the sector's middle half▲ 24.8pp
Current ratio0.42below the sector's middle half=0.49below the sector's middle half▲ 0.070.58below the sector's middle half▲ 0.090.70below the sector's middle half▲ 0.120.85within the sector's middle half▲ 0.15
Return on assets (ROA)13.4%within the sector's middle half▼ 37.9pp41.1%above the sector's middle half▲ 27.7pp26.3%above the sector's middle half▼ 14.8pp20.4%above the sector's middle half▼ 5.9pp27.2%above the sector's middle half▲ 6.8pp
above
within
below
the middle half (P25 to P75) of NACE 47, Retail trade, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed two years in a row; 2024 is 25% above 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €35,014
Fixed assets
€37 =
Current assets
€34,977 ▼ 5.3%
Key figures and ratios
Quick ratio
0.08▼
2023 · 0.15
Debt to equity
-6.76▼
2023 · -3.37
Debt ≤ 1 year
€41,088▼
2023 · €52,571
Income taxes
€195▲
2023 · €157
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 3,798 companies that looked in July 2024 the way this one looks now, 2.5% went bankrupt within 24 months and 91% are still going.
- Micro
- 20 years or older
- negative equity
- a profit of 5% of the balance sheet or more
2.5%
went bankrupt
5.3%
stopped otherwise
91%
still going
A further 0.8% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.8% 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 497,662 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% | 1.7% |
| 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 75% 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 3,798 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 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Other operating charges640/8 | - | €590 | €1,922 | €1,843 | €2,128 | ▲ 15.4% |
| Gross operating margin9900 | €6,097 | €15,809 | €9,456 | €9,767 | €12,015 | ▲ 23.0% |
| Operating profit (loss)9901 | €5,017 | €15,220 | €7,535 | €7,924 | €9,888 | ▲ 24.8% |
| Financial income75/76B | - | €0 | €1,475 | €8 | €52 | ▲ 558% |
| Recurring financial income75 | €0 | €0 | €1,475 | €8 | €52 | ▲ 558% |
| Financial charges65/66B | - | €2,211 | €261 | €233 | €235 | ▲ 1.0% |
| Recurring financial charges65 | €1,009 | €2,211 | €261 | €233 | €235 | ▲ 1.0% |
| Profit (loss) for the period before taxes9903 | €4,008 | €13,009 | €8,748 | €7,699 | €9,704 | ▲ 26.1% |
| Income taxes67/77 | €143 | €257 | €229 | €157 | €195 | ▲ 23.8% |
| Profit (loss) for the period9904 | €3,865 | €12,753 | €8,519 | €7,541 | €9,509 | ▲ 26.1% |
| Profit (loss) for the period to be appropriated9905 | €3,865 | €12,753 | €8,519 | €7,541 | €9,509 | ▲ 26.1% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €28,794 | €31,037 | €32,450 | €36,987 | €35,014 | ▼ 5.3% |
| Fixed assets21/28 | €37 | €37 | €37 | €37 | €37 | = |
| Financial fixed assets28 | €37 | €37 | €37 | €37 | €37 | = |
| Current assets29/58 | €28,757 | €31,000 | €32,413 | €36,950 | €34,977 | ▼ 5.3% |
| Stocks and contracts in progress3 | €26,869 | €27,381 | €29,737 | €28,893 | €31,768 | ▲ 10.0% |
| Stocks30/36 | - | €27,381 | €29,737 | €28,893 | €31,768 | ▲ 10.0% |
| Cash at bank and in hand54/58 | €1,888 | €3,618 | €2,328 | €8,057 | €3,208 | ▼ 60.2% |
| Deferred charges and accrued income490/1 | - | - | €348 | - | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €28,794 | €31,037 | €32,450 | €36,987 | €35,014 | ▼ 5.3% |
| Equity10/15 | -€44,396 | -€31,644 | -€23,125 | -€15,584 | -€6,074 | ▲ 61.0% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Outside capital11 | - | €18,600 | - | - | - | - |
| Other1109/19 | - | €18,600 | - | - | - | - |
| Reserves13 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Non-distributable reserves130/1 | - | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Reserves not available under the articles1311 | - | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Profit (loss) carried forward14 | -€64,856 | -€52,104 | -€43,585 | -€36,044 | -€26,534 | ▲ 26.4% |
| Amounts payable17/49 | €73,190 | €62,681 | €55,575 | €52,571 | €41,088 | ▼ 21.8% |
| Amounts payable after more than one year17 | €5,378 | - | - | - | - | - |
| Amounts payable within one year42/48 | €67,812 | €62,681 | €55,575 | €52,571 | €41,088 | ▼ 21.8% |
| Current portion of amounts payable after more than one year42 | - | €5,378 | - | - | - | - |
| Trade debts44 | €21 | €4,239 | €592 | €1,550 | €619 | ▼ 60.0% |
| Suppliers440/4 | - | €4,239 | €592 | €1,550 | €619 | ▼ 60.0% |
| Taxes, remuneration and social security45 | - | €1,169 | €799 | €1,165 | €1,064 | ▼ 8.7% |
| Taxes450/3 | - | €1,169 | €799 | €1,165 | €1,064 | ▼ 8.7% |
| Other amounts payable47/48 | - | €51,895 | €54,184 | €49,856 | €39,405 | ▼ 21.0% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €3,865 | €12,753 | €8,519 | €7,541 | €9,509 | ▲ 26.1% |
| Operating cash flow (approximation) | €3,865 | €12,753 | €8,519 | €7,541 | €9,509 | ▲ 26.1% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | €0 | - |
| Change in cash | - | €1,731 | -€1,290 | €5,728 | -€4,848 | ▼ 185% |
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
2025
06-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-05
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
13-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
20-05
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
21-05
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
22-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Back to profitnet €14,845
Net result €14,845 after one loss-making year.
25-06
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
11-06
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
13-06
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
2016
07-07
NBB filing
Annual accounts filed
fiscal year 2015 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
Location & real-estate footprint
Registered office, Ath · 1 establishment unit since 1999
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.
Ch.de la Planche de Pierre(Mai) 197812 Ath1 establishment unit
Ch.de la Planche de Pierre(Mai) 19, 7812 Ath
since 19992.040.976.604
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Soignies
This company's figures show no positive equity and no headcount, so a size comparison is not possible. These companies share only the sector and the region. Of 1,395 companies in sector 47784 we hold annual accounts for 429. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded05-10-1988
Fiscal year end31-12
Activities, NACEBEL 2025
47784Retail sale of souvenirs and religious articles
47789Other retail sale of new goods
Contact
E-mail
bernard.delaturquoise@skynet.beAth
E-invoicing
Reachable via Peppol
Peppol ID
0208:0435792492
Also
9925:BE0435792492
Registered
04-12-2025
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.