Equity
-€222,109
Debts exceed assets in financial year 2025.
TURTLE
Lifetime
11 annual accounts with figures on one time axispeak €63,104 (2022)
-€25,079▲ €58,008
lowest -€359,103 (2025)
-€359,103▼ €132,245
peak €284,424 (2022)
-€222,109▼ €359,103
€1.5m▲ 52.8%
peak 5.1 FTE (2025)
5.1 FTE▲ 54.5%
Board4 names since 2021
2 directors and 1 other
Documentsfilings and deeds
16-06-202645 days before the deadline
2025abbreviated format
Gross margin from -€83,087 to -€25,079Loss of €359,103Staff from 3.3 FTE to 5.1 FTEEquity from €136,994 to -€222,109Debts from €1.0m to €1.5mInvestments €100,381
Key points
from the 2025 annual accountsLosses
-€761,109 in three years
Every financial year from 2023 to 2025 closed with a loss. 2025 was the heaviest.
Debts
€1.5m 117% of the balance sheet
Financial debts 38%Suppliers 46%Taxes and wages 2%Other 14%
Of this, €1.1m falls due within a year.
Investments
€80,676 18.0 × depreciation
Green is investment, beige is depreciation.
Staff
8 employees on 31-12-2025
In 2025, 11 people joined and 7 left.
Position in the sector
-€359,103
Lower net result than 95% of companies in wholesale trade. Sector median €26,728 · 9,880 companies.
Net result -58%: other schema
Checked score
Bankruptcy probability within 12 months
Financial strength
Score breakdown
Comparable companies, two years later
In July 2024, 6,908 companies had the same profile as TURTLE has now. Each dot stands for 18 companies, two years later.
85.4%
were still trading
8.1%
stopped another way
5.8%
went bankrupt
Another 0.7% stopped without a precise date, possibly only after those two years.
Test of the method
The method was tested on the 497,448 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 6,908 companies, not a prediction for TURTLE. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
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Signals
Recent changes
New establishment in Bornem
VRD, Woestijnstraat 57
Registered office moved from Brussels to Forest
New registered office: Rue du Lieutenant Lotin 40, 1190 Forest · Previous registered office: Rue du Monastère 12 1000 Bruxelles · Board meeting of 06-11-2025 · Gazette deed
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0564842975
Capital contribution of €254,575.75
Capital contribution: apport supplémentaire en numéraire · General meeting of 02-02-2024 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| TURTLE Forest | €1.3m | -€25,079 | -16.8% | 5.1 |
| Belgo-Seeds Kortrijk | €0.9m | -€71,848 | -49.3% | - |
| GAP SA Granen & Producten NV Antwerp | €1.6m | €10,087 | 15.4% | - |
| Agro Trade Riemst | €0.5m | €4,596 | 60.8% | - |
| AGRO SEED RESEARCH Oudsbergen | €2.5m | - | 86.0% | 5.9 |
| MAISON SERONVALLE Herstal | €0.6m | €280,464 | 57.5% | 5.5 |
| AGRO NOORD Wuustwezel | €1.0m | €44,719 | 25.1% | - |
These companies have the same main activity as TURTLE: wholesale trade (NACE 46211). They are comparable in size and age: total assets between €458,000 and €2.5m, founded between 1998 and 2020.
Official details
Source: KBO- Status
- Active since 20-10-2014Normal situation
- Activity
- Wholesale tradeNACE 46211and 3 others
- Joint committee
- 200Auxiliary committee for white-collar workers · annual accounts 2025
- Establishment units
- 2.237.171.0791190 Forest, since 01-01-2015
- 2.393.106.5962880 Bornem, since 26-08-2026
- Financial year end
- 31 December
- Peppol
- Reachable since 01-09-2025
Annual accounts 2025
- €1.3m▲ 15.2%
- Employeeson 31-12-2025
- 8▲ 100%
- Filing
- Filed on 16-06-2026, 45 days before the end of the filing period
Insights on TURTLE
TURTLE files the abbreviated format. That format states no turnover. The gross margin fell from -€20,547 in 2015 to -€25,079 in 2025.
In March 2023, the Official Gazette published the appointment of as managing director.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about TURTLE
- What is the company number of TURTLE?
- The company number of TURTLE is 0564.842.975. The VAT number is the same number with BE in front: BE 0564.842.975.
- Where is TURTLE based?
- The registered office is at Luitenant Lotinstraat 40, 1190 Forest.Company details
- What does TURTLE do?
- According to the KBO register, the main activity is wholesale trade (NACE 46211).
- What is the legal form of TURTLE?
- TURTLE is a private limited company (BV).
- When was TURTLE founded?
- TURTLE was founded on 20-10-2014.
- Is TURTLE still active?
- Yes, TURTLE is an active enterprise in the KBO register.
- How many employees does TURTLE have?
- TURTLE had an average of 5.1 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- Which joint committee does TURTLE fall under?
- In its 2025 annual accounts, TURTLE states joint committee 200 (Auxiliary committee for white-collar workers).
- What is the turnover of TURTLE?
- The annual accounts for financial year 2025 state no turnover.
- Is TURTLE profitable?
- In financial year 2025, TURTLE made a loss of €359,103.
- Where can I find the annual accounts of TURTLE?
- TURTLE filed 11 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of TURTLE due?
- TURTLE must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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