TURQUOISE ELEC
ActiveSummary
The computed 12-month bankruptcy probability of TURQUOISE ELEC is 3.5% (moderate). The annual accounts of TURQUOISE ELEC for financial year 2025 show a net loss of 62% of the equity at the start of that year. The 2025 annual accounts show equity of €26,875 and a net result of -€44,667. Equity has been growing by about 21% per year since 2018. Its solvency ranks better than 16% of 9,883 sector peers (NACE 43, financial year 2025). The company has been active since 2010 and the Belgian Official Gazette contains no insolvency or warning signals.
Overview
Official details
Source: KBO- Status
- Active since 18-10-2010 Normal situation
- Activity
- Electrical installation work in industrial facilities NACE 43212and 4 others
- Joint committee
- 149 Paritair Comité voor de sectors die aan de metaal-, machine- en elektrische bouw verwant zijn · annual accounts 2021
- Establishment unit
- 2.193.015.491 6240 Farciennes, since 18-10-2010
- Financial year end
- 31 December
- Peppol
- Reachable since 17-12-2025
Financial position
- Bankruptcy probabilitywithin 12 months
- 3.5%
- Gross margin
- €46,830
- ▼ 64.8%
- Turnover
- ≈ €210,000
- estimated
- Loss
- €44,667
- Equity
- €26,875
- ▼ 62.4%
- Total assets
- €178,959
- ▼ 29.5%
- Staff
- ≈ 1.5 FTE
- estimated
- 2025 accounts filed 75 days after the deadline
Score breakdownraises riskLast filed accounts filed 75 days late; 1 of the last 3 accounts lateLiquidity: current ratio 1.17Loss of €44,667 (financial year 2025)lowers riskSize: total assets €178,959Show the evidence
Checked score
About 4 in 100 comparable companies go bankrupt within 12 months (an estimate).
Calculation
The band follows from the bankruptcy probability. 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 43, micro). It does better than 17% of them on solvency, 5% on liquidity, 4% on profitability and 7% on growth.
The bankruptcy probability was computed on 01-11-2026 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. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
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Signals
The company filed its last 7 accounts on average 34 days after the deadline. In the sector (NACE 43), the median for financial year 2024 was 1 day before the deadline, and 43% of those companies filed late.
Searched, nothing found (2)
Key points
Recent changes
- · Gazette deed Resignation: Yasin PINARBASI (director)
- · Gazette deed Company renamed from TURQUOISE M.A SPRL to TURQUOISE ELECResignations: ARIKAN Akif (director) and PINARBASI Yasin (director) · Reappointments: ARIKAN Akif (director) and PINARBASI Yasin (director)
- · Gazette deed Incorporation
Comparable companies
These companies have the same main activity as TURQUOISE ELEC: electrical installation work in industrial facilities (NACE 43212). They are comparable in size and age: total assets between €131,000 and €225,000, founded between 2008 and 2013.
| Company | Total assets | Gross margin |
|---|---|---|
| TURQUOISE ELEC Farciennes | €178,959 | €46,830 |
| CKELEC Charleroi | €189,454 | €27,927 |
| BST Schoten | €209,500 | €39,254 |
| ODB ELEKTRO Duffel | €197,751 | €48,046 |
| CREATECHNIC Kontich | €225,434 | €52,308 |
| AUTOMATISATIE VANHAELE Langemark-Poelkapelle | €130,601 | €43,303 |
| LEBRUN C ET G Ukkel | €156,299 | €34,782 |
Key facts about TURQUOISE ELEC
- What is the company number of TURQUOISE ELEC?
- The company number of TURQUOISE ELEC is 0830.352.959. The VAT number is the same number with BE in front: BE 0830.352.959.
- Where is TURQUOISE ELEC based?
- The registered office is at Grand-Place(FAR) 17, 6240 Farciennes.Company details
- What does TURQUOISE ELEC do?
- According to the KBO register, the main activity is electrical installation work in industrial facilities (NACE 43212).
- What is the legal form of TURQUOISE ELEC?
- The legal form of TURQUOISE ELEC is Private limited company (BV).
- When was TURQUOISE ELEC founded?
- TURQUOISE ELEC was founded on 18-10-2010.
- Is TURQUOISE ELEC still active?
- Yes, TURQUOISE ELEC is an active enterprise in the KBO register.
- How many employees does TURQUOISE ELEC have?
- TURQUOISE ELEC had an average of 3.6 full-time equivalents in financial year 2024, according to the filed annual accounts.Financials
- Which joint committee does TURQUOISE ELEC fall under?
- In its 2021 annual accounts, TURQUOISE ELEC states joint committee 149 (Paritair Comité voor de sectors die aan de metaal-, machine- en elektrische bouw verwant zijn).
- What is the turnover of TURQUOISE ELEC?
- The turnover in financial year 2025 is ≈ €210,000. This figure is estimated from the gross margin of €46,830 and 32 comparable companies (NACE 432). It probably lies between €140,000 and €260,000.
- Is TURQUOISE ELEC profitable?
- In financial year 2025, TURQUOISE ELEC made a loss of €44,667.
- Where can I find the annual accounts of TURQUOISE ELEC?
- TURQUOISE ELEC filed 15 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of TURQUOISE ELEC due?
- TURQUOISE ELEC must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
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