TURF BELGIUM
ActiveSummary
TURF BELGIUM has been active since 1992 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €456k and a net result of €270k. Equity is growing by ~11.5% per year across the filed fiscal years. Its solvency ranks better than 42% of 4602 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2024
83
/ 100
Excellent
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability97▲+8
Solvency65▼-2
Growth85=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €35k at 30 days acceptable
Liquidity tight (current ratio 1.48 against 1.48 in 2023; short-term debt: 59.9% and cash: 78.8% of total assets), and 59.9% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Sector 70
lower
← fewer bankruptcies
more bankruptcies →
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
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 24-09-2025, 55 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
55 d late
2023
182 d late
2022
48 d early
2021
31 d late
2020
29 d early
2019
27 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, full schema
Turnover
€585k▲ 46.2%
2018 · €400k
2018: €400k
2018 → 2019
EBIT margin
26.7%▲ 16.9pp
2018 · 9.8%
2018: 9.8%
2018 → 2019
Net result
€270k▲ 32.7%
2023 · €204k
2018: €37k
2019: €108k
2020: €266k
2021: €213k
2022: €239k
2023: €204k
2018 → 2024
Working capital
€324k▲ 15.9%
2023 · €279k
2018: €35k
2019: €59k
2020: €228k
2021: €273k
2022: €256k
2023: €279k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€360k-€388k▲ 7.6%€388k=€411k▲ 6.1%€456k▲ 10.8%
Operating result€364k-€289k▼ 20.6%€319k▲ 10.6%€275k▼ 13.8%€362k▲ 31.6%
Net result€266k-€213k▼ 20.0%€239k▲ 12.3%€204k▼ 14.7%€270k▲ 32.7%
Result per fiscal year
Operating resultNet result
The operating result recovers in 2024; 2024 is 32% above 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €1.14M
Fixed assets
€132k =
Current assets
€1.00M ▲ 17.2%
Equity and liabilities €1.14M
Equity
€456k ▲ 10.8%
Debt
€681k ▲ 17.8%
Debt's share of the balance-sheet total rises from 58.4% to 59.9%. Equity and debt are higher.
Key figures and ratios
Current ratio
1.48▼
2023 · 1.48
Debt to equity
1.49▲
2023 · 1.41
ROE
59.3%▲
2023 · 49.5%
ROA
23.8%▲
2023 · 20.6%
Debt ≤ 1 year
€681k▲
2023 · €578k
Income taxes
€91k▲
2023 · €69k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2024 against 2023 · 44 lines
Balance sheet
Code20232024
Assets
Total assets20/58€989k€1.14M▲
Fixed assets21/28€132k€132k=
Financial fixed assets28€132k€132k=
Current assets29/58€857k€1.00M▲
Amounts receivable within one year40/41€9k€109k▲
Trade receivables40-€100k
Other amounts receivable41€9k€9k=
Cash at bank and in hand54/58€847k€896k▲
Deferred charges and accrued income490/1€427€0▼
Equity and liabilities
Total equity and liabilities10/49€989k€1.14M▲
Equity10/15€411k€456k▲
Contributions10/11€66k€66k=
Capital10€66k€66k=
Issued capital100€66k€66k=
Reserves13€65k€65k=
Non-distributable reserves130/1€10k€10k=
Legal reserve130€7k€7k=
Reserves not available under the articles1311€4k€4k=
Distributable reserves133€55k€55k=
Profit (loss) carried forward14€280k€325k▲
Amounts payable17/49€578k€681k▲
Amounts payable within one year42/48€578k€681k▲
Trade debts44€61k€68k▲
Suppliers440/4€61k€68k▲
Taxes, remuneration and social security45€6k€17k▲
Taxes450/3€6k€17k▲
Other amounts payable47/48€511k€596k▲
Income statement
Code20232024
Other operating charges640/8€95k€101k▲
Non-recurring operating charges66A-€85
Gross operating margin9900€370k€463k▲
Operating profit (loss)9901€275k€362k▲
Financial income75/76B€0€719▲
Recurring financial income75€0€719▲
Financial charges65/66B€2k€1k▼
Recurring financial charges65€2k€1k▼
Profit (loss) for the period before taxes9903€273k€361k▲
Income taxes67/77€69k€91k▲
Profit (loss) for the period9904€204k€270k▲
Profit (loss) for the period to be appropriated9905€204k€270k▲
Appropriation of the result
Profit (loss) to be appropriated9906€460k€551k▲
Profit (loss) brought forward from the previous period14P€257k€280k▲
Profit to be distributed694/7€180k€226k▲
Return on contributions (dividend)694€180k€226k▲
Social balance
Average headcount (FTE)90870.00.0=
The notes to these accounts (15 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
24-09
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 55 days late
29-01
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 182 days late
2024
31-12
Financial
Highest result since 2018net €270k ▲32.7%
Net result €270k, the highest in the series.
2023
13-06
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 31 days late
2021
02-07
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
31-12
Financial
Equity above €200kEq €360k ▲87.2%
3 profitable years in a row build equity to €360k.
27-08
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 27 days late
2019
24-07
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
26-07
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
13-07
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
2016
15-07
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
12 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, Sint-Pieters-Woluwe · 1 establishment unit since 2014
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.
Tervurenlaan 3131150 Sint-Pieters-WoluweGround area
1,579 m²
Building footprint
1,030 m²
Volume, LiDAR
19,091 m³
2 parcels, Brussels · tallest building 29.4 m, ±7 floors. Linked by address, not a title deed.
1 establishment unit
VINCENNES
since 20142.224.641.352
2 parcels
Brussels
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21362B0274/00G008 | Brussels | 1,015 m² | 1 · 899 m² | 29.4 m · 7 fl. |
| 21019A0156/00Y000 | Brussels | 564 m² | 1 · 131 m² | 14.1 m · 4 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
MORELAND
BE 0459.030.526
Schoten · Eq €456k
WESOUND
BE 0471.854.916
Knokke-Heist · Eq €457k
DELEGE MANAGEMENT
BE 0788.218.238
Laakdal · Eq €455k
PETRE PHARMANAGEMENT
BE 0682.526.048
Eghezée · Eq €454k
RBI
BE 0788.621.678
Waregem · Eq €458k
Of 5,699 companies in sector 70100 we hold annual accounts for 3,494. 2,227 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded17-01-1992
Fiscal year end31-12
Activities, NACEBEL 2025
70100Activities of head offices
Sources
Crossroads Bank for EnterprisesNational Bank · 33 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.