NORMAL SITUATION

TOURNEL

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Financial year 2025 · closed on 31/12/2025

Net result

24,4 k €

-68.5% YoY

Gross margin

46,1 k €

-61.1% YoY

Equity

341,1 k €

+7.7% YoY

Company — Normal situation.

What does TOURNEL do?

TOURNEL is a company registered in Belgium.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0434.445.974

Legal form

Private limited company

Contributed capital

18 600,00 €

Latest accounts

31/12/2025

Joint committees (3)

Signals

ProfitableSolid equityGood liquidityPositive cashflowPositive EBITDA

View the BCE/KBO Public Search record →

Health score

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✦ Verdict · Analyst summary

Financials

Trend over 19 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007
Income statement
Gross margin	46,1 k €	-61.1%	118,5 k €	+3.4%	114,5 k €	+20.8%	94,8 k €	+241%	-67,4 k €	-208%	62,6 k €	-71.4%	218,8 k €	-39.6%	362,2 k €	-9.1%	398,4 k €	-4.0%	414,8 k €	+41.6%	293 k €	-22.2%	376,5 k €	-8.9%	413,4 k €	-26.1%	559,4 k €	+63.0%	343,2 k €	+39.5%	246 k €	-9.0%	270,4 k €	+4.5%	258,7 k €	+13.0%	228,8 k €
EBITDA	45,1 k €	-61.6%	117,3 k €	+62.2%	72,3 k €	-22.2%	92,9 k €	+231%	-71,2 k €	-256%	45,7 k €	-11.7%	51,7 k €	-62.4%	137,5 k €	+28.1%	107,3 k €	-41.0%	182 k €	+110%	86,7 k €	-1.0%	87,6 k €	-56.8%	202,6 k €	-35.3%	313,1 k €	+64.9%	189,9 k €	+79.6%	105,7 k €	-22.2%	135,8 k €	-11.7%	153,9 k €	+24.4%	123,6 k €
Operating result	44,4 k €	-61.7%	115,8 k €	+63.8%	70,7 k €	-22.6%	91,3 k €	+225%	-73 k €	-363%	27,8 k €	-18.3%	34 k €	-66.9%	102,7 k €	+81.0%	56,7 k €	-55.4%	127,2 k €	+297%	32,1 k €	+22.4%	26,2 k €	-80.0%	130,9 k €	-46.4%	244,1 k €	+118%	112,2 k €	+139%	46,9 k €	-47.4%	89,3 k €	-24.1%	117,5 k €	+57.6%	74,6 k €
Net result	24,4 k €	-68.5%	77,5 k €	+68.8%	45,9 k €	-32.5%	68 k €	+181%	-83,4 k €	-625%	15,9 k €	-14.0%	18,4 k €	-72.8%	67,9 k €	+114%	31,7 k €	-60.7%	80,5 k €	+452%	14,6 k €	+5.5%	13,8 k €	-83.5%	83,7 k €	-49.6%	166,1 k €	+184%	58,5 k €	+136%	24,7 k €	-59.8%	61,6 k €	-13.9%	71,6 k €	+71.6%	41,7 k €
Balance sheet
Equity	341,1 k €	+7.7%	316,7 k €	+3.1%	307,1 k €	+17.6%	261,2 k €	+35.2%	193,2 k €	-30.2%	276,6 k €	+6.1%	260,7 k €	-32.3%	385,1 k €	+21.4%	317,3 k €	+11.1%	285,6 k €	+39.3%	205,1 k €	-24.2%	270,5 k €	+5.4%	256,6 k €	-24.4%	339,6 k €	+95.7%	173,5 k €	-37.5%	277,7 k €	-21.3%	352,9 k €	-14.2%	411,3 k €	-6.5%	439,7 k €
Total assets	359,6 k €	+6.5%	337,5 k €	+6.2%	317,8 k €	+15.9%	274,1 k €	+22.0%	224,7 k €	-29.3%	317,9 k €	-3.2%	328,4 k €	-45.9%	607,4 k €	-0.1%	608,3 k €	+1.2%	601,2 k €	+14.6%	524,6 k €	-2.5%	538,3 k €	-2.7%	553,2 k €	-5.4%	584,6 k €	+20.4%	485,5 k €	-2.6%	498,4 k €	-7.7%	540,2 k €	-3.3%	558,6 k €	-8.2%	608,4 k €
Cash	351,9 k €	+71.2%	205,5 k €	-25.5%	276,1 k €	+50.9%	183 k €	+41.1%	129,7 k €	-20.5%	163,3 k €	+124%	73 k €	-72.4%	264,5 k €	+6.3%	248,8 k €	+30.8%	190,2 k €	+19.2%	159,6 k €	-19.2%	197,5 k €	-4.7%	207,3 k €	-41.7%	355,8 k €	+158%	137,7 k €	+0.4%	137,3 k €	-6.1%	146,2 k €	+60.2%	91,3 k €	+17.1%	77,9 k €
Debts	17,7 k €	-15.0%	20,8 k €	+94.7%	10,7 k €	-17.5%	13 k €	-58.9%	31,5 k €	-23.7%	41,3 k €	-37.2%	65,7 k €	-70.4%	222,3 k €	-23.6%	291,1 k €	-7.8%	315,5 k €	-1.3%	319,6 k €	+19.3%	267,8 k €	-9.7%	296,6 k €	+24.6%	238,1 k €	-22.0%	305,1 k €	+42.7%	213,8 k €	+18.6%	180,3 k €	+28.5%	140,4 k €	-13.2%	161,7 k €
Other
Workforce	–		–		–		–		–		–		2,5 ETP	-40.5%	4,2 ETP	-23.6%	5,5 ETP	+27.9%	4,3 ETP	+13.2%	3,8 ETP	0.0%	3,8 ETP	-20.8%	4,8 ETP	+11.6%	4,3 ETP	0.0%	4,3 ETP	+30.3%	3,3 ETP	0.0%	3,3 ETP	+17.9%	2,8 ETP	+16.7%	2,4 ETP

Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 2 ended

Active mandates

Edward Tournel

Director

Active

Ended mandates

Edward TOURNEL

Manager · since 30 mai 1988

Ended

EDWARD TOURNEL

Manager

Ended

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Micro model	Micro model	Micro model	Micro model	Micro model	Micro model
Start of the financial year	01/01/2025	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020
Closing of the financial year	31/12/2025	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	29/01/2026	17/06/2025	27/06/2024	30/06/2023	09/06/2022	11/06/2021
General meeting	26/01/2026	11/06/2025	12/06/2024	14/06/2023	08/06/2022	09/06/2021
Currency of the financial year	EUR	EUR	EUR	EUR	EUR	EUR
NBB quality label	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls

Ratios

Financial ratios

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Filings

Annual accounts filings

37 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Micro model	31/12/2025	26/01/2026	29/01/2026	Dutch	PDF
Micro model	31/12/2024	11/06/2025	17/06/2025	Dutch	PDF
Micro model	31/12/2023	12/06/2024	27/06/2024	Dutch	PDF
Micro model	31/12/2022	14/06/2023	30/06/2023	Dutch	PDF
Micro model	31/12/2021	08/06/2022	09/06/2022	Dutch	PDF
Micro model	31/12/2020	09/06/2021	11/06/2021	Dutch	PDF
Abridged model	31/12/2019	10/06/2020	07/07/2020	Dutch	PDF
Abridged model	31/12/2018	12/06/2019	12/06/2019	Dutch	PDF
Abridged model	31/12/2017	13/06/2018	14/06/2018	Dutch	PDF
Abridged model	31/12/2016	14/06/2017	15/06/2017	Dutch	PDF
Abridged model	31/12/2015	08/06/2016	14/06/2016	Dutch	PDF
Abridged model	31/12/2014	10/06/2015	23/06/2015	Dutch	PDF
Abridged model	31/12/2013	11/06/2014	18/06/2014	Dutch	PDF
Abridged model	31/12/2012	12/06/2013	13/06/2013	Dutch	PDF
Abridged model	30/09/2011	08/02/2012	23/02/2012	Dutch	PDF
Abridged model	30/09/2010	09/02/2011	16/02/2011	Dutch	PDF
Abridged model	30/09/2009	10/02/2010	19/02/2010	Dutch	PDF
Abridged model	30/09/2008	11/02/2009	24/02/2009	Dutch	PDF
Abridged model	30/09/2007	13/02/2008	12/03/2008	Dutch	PDF
Abridged model	30/09/2006	14/02/2007	02/03/2007	Dutch	PDF
Abridged model	30/09/2005	08/02/2006	01/03/2006	Dutch	PDF
Abridged model	30/09/2004	09/02/2005	09/03/2005	Dutch	PDF
Abridged model	30/09/2003	25/03/2004	29/03/2004	Dutch	PDF
Abridged model	30/09/2002	28/03/2003	01/04/2003	Dutch	PDF

View all 37 filings

Estimate

Indicative valuation

The detail comes with the Business plan: low and high bounds, the valuation bridge for each financial year, transaction multiples by sector and size, group valuation and exports.

Discover the Business plan

Disclaimer

Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.

Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 2 ended

Active mandates

Edward Tournel

Director

Active

Ended mandates

Edward TOURNEL

Manager · since 30 mai 1988

Ended

EDWARD TOURNEL

Manager

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Dissolution07/05/2026
RUBRIEK EINDE (STOPZETTING, INTREKKING STOPZETTING, NIETIGHEID, GER. AK., GERECHTELIJKE REORGANISATIE, ENZ...
PDF
Mandates20/11/2020
WIJZIGING RECHTSVORM - BENAMING - ONTSLAGEN - BENOEMINGEN
PDF

Source: Belgian Official Gazette

Competition

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

2025
Annual accounts 202524,4 k €↓
2024
Annual accounts 202477,5 k €↑
2023
Annual accounts 202345,9 k €↓
2022
Annual accounts 202268 k €↑
2021
Annual accounts 2021-83,4 k €↓
2020
Annual accounts 202015,9 k €↓
2019
Annual accounts 201918,4 k €↓
2018
Annual accounts 201867,9 k €↑
2017
Annual accounts 201731,7 k €↓
2016
Annual accounts 201680,5 k €↑
2015
Annual accounts 201514,6 k €↑
2014
Annual accounts 201413,8 k €↓
2013
Annual accounts 201383,7 k €↓
2012
Annual accounts 2012166,1 k €↑
2011
Annual accounts 201158,5 k €↑
2010
Annual accounts 201024,7 k €↓
2009
Annual accounts 200961,6 k €↓
2008
Annual accounts 200871,6 k €↑
2007
Annual accounts 200741,7 k €

10/15	1 240 000	1 180 000	1 050 000
70	8 630 000	8 120 000	7 940 000
9904	412 000	388 000	301 000
17/49	2 970 000	3 140 000	3 380 000
9087	24,3	23,1	21,8

TOURNEL

Overview

What does TOURNEL do?

Trend over 19 financial years

Board of directors

Financials

Full financial information

Financial ratios

Annual accounts filings

Valuation

Indicative valuation

Directors & structure

Board of directors

Ownership and network

Publications

Belgian Official Gazette publications

Similar companies

Similar companies

Timeline