ACTIVE

TURTLE

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Financial year 2025 · closed on 31/12/2025
Net result
-359,1 k €
-58.3% YoY
Gross margin
-25,1 k €
+69.8% YoY
Equity
-222,1 k €
-262.1% YoY
Workforce
5,1 ETP
+54.5% YoY

What does TURTLE do?

TURTLE is a Private limited company incorporated in 2014. Its main activity is: Wholesale of grain, unmanufactured tobacco, seeds and animal feeds. Its registered office is in Forest. It employs on average 5,1 ETP workers (FTE).

Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0564.842.975
Incorporation
20/10/2014
Legal form
Private limited company
Registered office
Rue du Lieutenant Lotin 40
1190 Forest · Bruxelles
Contributed capital
667 022,20 €
Latest accounts
31/12/2025
Average workforce
5,1 ETP
Activities (NACE)
46211Wholesale of grain, unmanufactured tobacco, seeds and animal feeds· main46211Wholesale of grain, unmanufactured tobacco, seeds and animal feeds46389Wholesale of other food, including fish, crustaceans and molluscs46389Wholesale of other food, including fish, crustaceans and molluscs46389Wholesale of other food, including fish, crustaceans and molluscs46389Wholesale of other food, including fish, crustaceans and molluscs+4
Joint committees (1)
  • 200
Signals
Healthy social debts
View the BCE/KBO Public Search record →
Health score
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✦ Verdict · Analyst summary
Financials

Trend over 11 financial years

20252024202320222021202020192018201720162015
Income statement
Gross margin-25,1 k €-83,1 k €-74 k €63,1 k €52,3 k €47,7 k €21,8 k €-79,3 k €-12,5 k €2 k €-20,5 k €
EBITDA-311,6 k €-196,6 k €-146,2 k €28,7 k €32,9 k €18 k €-19,2 k €-80,9 k €-18 k €1,3 k €-23,6 k €
Operating result-316,1 k €-196,6 k €-153,4 k €11 k €18,5 k €13,4 k €-23,6 k €-86 k €-22,5 k €672,6 €-24,5 k €
Net result-359,1 k €-226,9 k €-175,1 k €5,7 k €14,1 k €12,1 k €-24,3 k €-87,1 k €-23,7 k €69,1 €-24,8 k €
Balance sheet
Equity-222,1 k €137 k €109,3 k €284,4 k €28,8 k €14,7 k €2,6 k €26,9 k €-29,9 k €-6,2 k €-6,2 k €
Total assets1,3 M €1,1 M €887,8 k €762,9 k €322,6 k €160,5 k €134,4 k €134,4 k €91,4 k €47,2 k €12,9 k €
Cash43,4 k €82,3 k €78,2 k €334,1 k €75 k €7,4 k €13,8 k €12,6 k €2,9 k €7,4 k €4,2 k €
Debts1,5 M €1 M €778,5 k €478,5 k €293,8 k €145,8 k €131,8 k €107,5 k €121,3 k €53,4 k €19,2 k €
Other
Workforce5,1 ETP3,3 ETP1,5 ETP0,9 ETP–––––––
Governance

Board of directors

Seen on filing of 31/12/2025 · 2 active · 4 ended

Active mandates

Laurence Meeùs

Managing director · since 16 décembre 2022

Active
Thilo von Trott zu Solz

Managing director · since 16 décembre 2022

Active

Ended mandates

Laurence Meeus

Administrator - manager

Ended
Laurence Meeus

Manager

Ended
Thilo von Trott zu Solz

Administrator - manager

Ended
Thilo von Trott zu Solz

Manager

Ended
At this address

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0462.041.583
Annual accounts

Full financial information

202520242023202220212020
Type of accountAbridged modelAbridged modelAbridged modelAbridged modelMicro modelMicro model
Start of the financial year01/01/202501/01/202401/01/202301/01/202201/01/202101/01/2020
Closing of the financial year31/12/202531/12/202431/12/202331/12/202231/12/202131/12/2020
Length of the financial year12 months12 months12 months12 months12 months12 months
Filing date16/06/202610/06/202511/06/202418/06/202312/05/202211/03/2021
General meeting02/06/202603/06/202504/06/202406/06/202306/05/202208/03/2021
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

11 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Abridged model31/12/202502/06/202616/06/2026FrenchPDF
Abridged model31/12/202403/06/202510/06/2025FrenchPDF
Abridged model31/12/202304/06/202411/06/2024FrenchPDF
Abridged model31/12/202206/06/202318/06/2023FrenchPDF
Micro model31/12/202106/05/202212/05/2022FrenchPDF
Micro model31/12/202008/03/202111/03/2021FrenchPDF
Micro model31/12/201902/06/202005/06/2020FrenchPDF
Micro model31/12/201804/06/201918/06/2019FrenchPDF
Micro model31/12/201730/04/201807/06/2018FrenchPDF
Micro model31/12/201606/06/201708/06/2017FrenchPDF
Abridged model31/12/201507/06/201617/06/2016FrenchPDF
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 · 2 active · 4 ended

Active mandates

Laurence Meeùs

Managing director · since 16 décembre 2022

Active
Thilo von Trott zu Solz

Managing director · since 16 décembre 2022

Active

Ended mandates

Laurence Meeus

Administrator - manager

Ended
Laurence Meeus

Manager

Ended
Thilo von Trott zu Solz

Administrator - manager

Ended
Thilo von Trott zu Solz

Manager

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Registered office05/03/2026
    SIEGE SOCIAL
    PDF
  • Capital / shares29/02/2024
    STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, …) - CAPITAL, ACTIONS
    PDF
  • Mandates22/03/2023
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates02/01/2023
    STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, …) - MODIFICATION FORME JURIDIQUE - DEMISSIONS, NOMINATIONS
    PDF
  • Registered office19/04/2019
    SIEGE SOCIAL - ADRESSE AUTRE QUE SIEGE SOCIAL
    PDF
  • Capital / shares22/10/2018
    CAPITAL, ACTIONS
    PDF
  • Capital / shares09/02/2018
    CAPITAL, ACTIONS
    PDF
  • Registered office12/01/2018
    SIEGE SOCIAL
    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. 2025
    Annual accounts 2025-359,1 k €↓
  2. 2024
    Annual accounts 2024-226,9 k €↓
  3. 2023
    Annual accounts 2023-175,1 k €↓
  4. 2022
    Annual accounts 20225,7 k €↓
  5. 2021
    Annual accounts 202114,1 k €↑
  6. 2020
    Annual accounts 202012,1 k €↑
  7. 2019
    Annual accounts 2019-24,3 k €↑
  8. 2018
    Annual accounts 2018-87,1 k €↓
  9. 2017
    Annual accounts 2017-23,7 k €↓
  10. 2016
    Annual accounts 201669,1 €↑
  11. 2015
    Annual accounts 2015-24,8 k €
  12. 20/10/2014
    IncorporationPrivate limited company