ACTIVE

TURTLE INDUSTRIES

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Financial year 2026 · closed on 01/01/2026
Net result
67,5 k €
+41.9% YoY
Gross margin
117,5 k €
+29.5% YoY
Equity
650 k €
+11.6% YoY

What does TURTLE INDUSTRIES do?

TURTLE INDUSTRIES is a Private limited company incorporated in 1999. Its main activity is: Manufacture of plastic packing goods. Its registered office is in Grimbergen.

Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0465.374.425
Incorporation
01/02/1999
Legal form
Private limited company
Registered office
Korenbloemstraat 25
1850 Grimbergen · FlandreSee on map
Contributed capital
6 205,33 €
Latest accounts
01/01/2026
Activities (NACE)
22220Manufacture of plastic packing goods· main73110Advertising agencies73110Advertising agencies18120Other printing18120Other printing60310Programming and broadcasting activities+2
Signals
ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA
View the BCE/KBO Public Search record →
Health score
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✦ Verdict · Analyst summary
Financials

Trend over 20 financial years

20262025202420232022202120202019201820172016201520142013201220112010200920082007
Income statement
Gross margin117,5 k €90,7 k €167 k €81,3 k €66,4 k €55,5 k €66,1 k €87,3 k €92,6 k €34,7 k €88,2 k €74,9 k €56 k €138,7 k €59,3 k €59,7 k €60,3 k €124,1 k €53,9 k €-2,6 k €
EBITDA115,4 k €88,5 k €164,9 k €79,7 k €64,7 k €51,6 k €65,1 k €85,6 k €91,8 k €33,4 k €86,1 k €68,9 k €53,3 k €137,3 k €58 k €58,5 k €59 k €122,8 k €52,2 k €-5,5 k €
Operating result90,4 k €63,4 k €147,1 k €66,6 k €44,5 k €27,3 k €41,6 k €62,6 k €67,7 k €10,9 k €65,4 k €47,9 k €32,1 k €120 k €40,1 k €36,2 k €42,1 k €104,7 k €33,3 k €-26,2 k €
Net result67,5 k €47,5 k €102,3 k €48,9 k €32,1 k €19,7 k €27,4 k €57,2 k €50,3 k €10,6 k €49,3 k €36,6 k €29,6 k €83,8 k €29,6 k €41,3 k €39,4 k €79,7 k €32 k €-22,2 k €
Balance sheet
Equity650 k €582,6 k €592,2 k €489,9 k €440,9 k €408,9 k €389,2 k €361,8 k €664,6 k €614,3 k €603,7 k €554,4 k €557,8 k €528,2 k €444,4 k €414,8 k €373,5 k €334,1 k €254,4 k €222,4 k €
Total assets787,1 k €766,9 k €725,6 k €541,4 k €494,9 k €464,4 k €438,8 k €628 k €722,4 k €628,8 k €627,6 k €582,2 k €601,6 k €577,9 k €511,8 k €448,4 k €412,5 k €404,1 k €337,9 k €283,1 k €
Cash43,8 k €42,3 k €17,9 k €15,3 k €18,3 k €20,2 k €15,8 k €3,6 k €14,1 k €26,4 k €39,5 k €14,6 k €1,5 k €28,8 k €7,8 k €33,6 k €29,2 k €36,7 k €20,7 k €18,8 k €
Debts137,1 k €184,3 k €133,4 k €50,5 k €53 k €55,6 k €49,7 k €266,2 k €57,8 k €14,6 k €23,9 k €27,8 k €38,8 k €43,7 k €59,6 k €28,6 k €32,7 k €68,7 k €82,3 k €59,4 k €
Estimate

Indicative valuation

As an indication, this company is worth

between 1 M€ and 2,5 M€
See the valuation
Governance

Board of directors

Seen on filing of 01/01/2026 · 1 active · 1 ended

Active mandates

Jeroen Lathouwers

Director

Active

Ended mandates

Jeroen Lathouwers

Manager

Ended
Annual accounts

Full financial information

202620252024202320222021
Type of accountMicro modelMicro modelMicro modelMicro modelMicro modelMicro model
Start of the financial year02/01/202502/01/202402/01/202302/01/202202/01/202102/01/2020
Closing of the financial year01/01/202601/01/202501/01/202401/01/202301/01/202201/01/2021
Length of the financial year13 months13 months13 months13 months13 months13 months
Filing date28/08/202619/08/202505/08/202425/07/202327/07/202229/06/2021
General meeting26/06/202627/06/202528/06/202430/06/202324/06/202225/06/2021
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls
Ratios

Financial ratios

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Filings

Annual accounts filings

20 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Micro model01/01/202626/06/202628/08/2026DutchPDF
Micro model01/01/202527/06/202519/08/2025DutchPDF
Micro model01/01/202428/06/202405/08/2024DutchPDF
Micro model01/01/202330/06/202325/07/2023DutchPDF
Micro model01/01/202224/06/202227/07/2022DutchPDF
Micro model01/01/202125/06/202129/06/2021DutchPDF
Micro model01/01/202026/06/202010/08/2020DutchPDF
Micro model01/01/201928/06/201929/07/2019DutchPDF
Micro model01/01/201829/06/201806/07/2018DutchPDF
Micro model01/01/201730/06/201730/06/2017DutchPDF
Abridged model01/01/201620/06/201620/07/2016DutchPDF
Abridged model01/01/201529/06/201513/07/2015DutchPDF
Abridged model01/01/201430/06/201408/08/2014DutchPDF
Abridged model01/01/201330/06/201327/08/2013DutchPDF
Abridged model01/01/201229/06/201220/08/2012DutchPDF
Abridged model01/01/201124/06/201106/07/2011DutchPDF
Abridged model01/01/201025/06/201013/07/2010DutchPDF
Abridged model01/01/200926/06/200931/07/2009DutchPDF
Abridged model01/01/200827/06/200815/07/2008DutchPDF
Abridged model01/01/200729/06/200711/07/2007DutchPDF
Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 1 M€ and 2,5 M€

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 01/01/2026 · 1 active · 1 ended

Active mandates

Jeroen Lathouwers

Director

Active

Ended mandates

Jeroen Lathouwers

Manager

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Mandates16/10/2023
    STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …) - WIJZIGING RECHTSVORM - ONTSLAGEN - BENOEMINGEN
    PDF
  • Capital / shares27/03/2018
    KAPITAAL - AANDELEN
    PDF
  • Capital / shares14/03/2014
    KAPITAAL - AANDELEN
    PDF
  • Registered office20/02/2012
    MAATSCHAPPELIJKE ZETEL
    PDF
  • Capital / shares15/01/2004
    STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …) - KAPITAAL - AANDELEN
    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

Timeline

  1. 2026
    Annual accounts 202667,5 k €↑
  2. 2025
    Annual accounts 202547,5 k €↓
  3. 2024
    Annual accounts 2024102,3 k €↑
  4. 2023
    Annual accounts 202348,9 k €↑
  5. 2022
    Annual accounts 202232,1 k €↑
  6. 2021
    Annual accounts 202119,7 k €↓
  7. 2020
    Annual accounts 202027,4 k €↓
  8. 2019
    Annual accounts 201957,2 k €↑
  9. 2018
    Annual accounts 201850,3 k €↑
  10. 2017
    Annual accounts 201710,6 k €↓
  11. 2016
    Annual accounts 201649,3 k €↑
  12. 2015
    Annual accounts 201536,6 k €↑
  13. 2014
    Annual accounts 201429,6 k €↓
  14. 2013
    Annual accounts 201383,8 k €↑
  15. 2012
    Annual accounts 201229,6 k €↓
  16. 2011
    Annual accounts 201141,3 k €↑
  17. 2010
    Annual accounts 201039,4 k €↓
  18. 2009
    Annual accounts 200979,7 k €↑
  19. 2008
    Annual accounts 200832 k €↑
  20. 2007
    Annual accounts 2007-22,2 k €
  21. 01/02/1999
    IncorporationPrivate limited company