NORMAL SITUATION

TURNSTONE COMMUNICATIONS

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Financial year 2025 · closed on 31/12/2025
Net result
-21,6 k €
-552.5% YoY
Gross margin
-25,5 k €
-122.4% YoY
Equity
107,5 k €
-16.7% YoY
Workforce
0,0 ETP
-100.0% YoY

Company — Normal situation.

What does TURNSTONE COMMUNICATIONS do?

TURNSTONE COMMUNICATIONS is a company registered in Belgium.

Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0849.288.250
Legal form
Private limited company
Contributed capital
18 600,00 €
Latest accounts
31/12/2025
Average workforce
0,0 ETP
Joint committees (1)
  • 2000
Signals
Solid equityGood liquidityHealthy social debts
View the BCE/KBO Public Search record →
Health score
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✦ Verdict · Analyst summary
Financials

Trend over 13 financial years

2025202420232022202120202019201820172016201520142013
Income statement
Gross margin-25,5 k €114,1 k €183,9 k €224,5 k €306,3 k €247,1 k €211,2 k €184,9 k €203,1 k €189,6 k €167,8 k €6,2 k €59,2 k €
EBITDA-21,5 k €13,2 k €77,2 k €115,2 k €144,4 k €111 k €52,8 k €41,2 k €26,8 k €21,6 k €15,9 k €6,1 k €42,8 k €
Operating result-22,2 k €12,3 k €75,8 k €113,8 k €139,3 k €106,9 k €36,8 k €26,8 k €14,1 k €8,7 k €13,2 k €3,8 k €38,1 k €
Net result-21,6 k €4,8 k €49,8 k €81 k €99,1 k €75,6 k €35,9 k €22,7 k €7,1 k €2,7 k €5,2 k €1 k €34,1 k €
Balance sheet
Equity107,5 k €129,1 k €124,3 k €74,5 k €213,4 k €114,3 k €38,7 k €38,9 k €37,2 k €30,1 k €27,4 k €22,2 k €8,8 k €
Total assets113,7 k €315,2 k €291,1 k €455,2 k €450,8 k €321,3 k €223,6 k €204,5 k €169,6 k €185,7 k €147,3 k €195 k €193,5 k €
Cash8,5 k €2,7 k €41,8 k €24,3 k €2,7 k €33,1 k €40,6 k €13,1 k €6,7 k €428,7 €3,1 k €17,2 k €1,1 k €
Debts6,2 k €186,1 k €166,8 k €380,7 k €231,4 k €207 k €184,3 k €165,3 k €128,9 k €155,6 k €119,8 k €132,8 k €184,8 k €
Other
Workforce0,0 ETP0,4 ETP1,7 ETP1,9 ETP2,3 ETP2,5 ETP2,5 ETP2,2 ETP–3,6 ETP2,2 ETP–0,3 ETP
Governance

Board of directors

Seen on filing of 31/12/2025 · 2 active · 8 ended

Active mandates

AKWAABA CONSULTING GROUP

Director · since 01 janvier 2026 · until 26 juin 2026 · 0541.853.282

Represented by Martijn Reniers

Active
Quality for You

Managing director · since 01 janvier 2026 · until 26 juin 2026 · 0598.934.517

Represented by Bart Van Acker

Active

Ended mandates

QbD Growth

Director · since 31 mai 2023 · 0795.392.179

Represented by Bart Van Acker

Ended
QbD Growth

Wettelijke vertegenwoordiger · since 31 mai 2023 · 0795.392.179

Represented by Bart VAN ACKER

Ended
ARENARIA

Manager · since 04 décembre 2012 · 0849.103.653

Represented by Ann Van Gysel

Ended
ARENARIA

Manager · 0849.103.653

Represented by Ann Van Gysel

Ended
Annual accounts

Full financial information

202520242023202220212020
Type of accountAbridged modelAbridged modelAbridged modelAbridged modelAbridged modelAbridged 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 date17/07/202615/07/202524/07/202420/08/202306/07/202223/06/2021
General meeting26/06/202627/06/202528/06/202410/05/202318/06/202219/06/2021
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

13 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Abridged model31/12/202526/06/202617/07/2026DutchPDF
Abridged model31/12/202427/06/202515/07/2025DutchPDF
Abridged model31/12/202328/06/202424/07/2024DutchPDF
Abridged model31/12/202210/05/202320/08/2023DutchPDF
Abridged model31/12/202118/06/202206/07/2022DutchPDF
Abridged model31/12/202019/06/202123/06/2021DutchPDF
Abridged model31/12/201920/06/202002/07/2020DutchPDF
Abridged model31/12/201815/06/201918/06/2019DutchPDF
Micro model31/12/201718/06/201813/07/2018DutchPDF
Abridged model31/12/201630/06/201731/08/2017DutchPDF
Abridged model31/12/201518/06/201630/08/2016DutchPDF
Abridged model31/12/201420/06/201510/07/2015DutchPDF
Abridged model31/12/201325/09/201429/09/2014DutchPDF
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 · 8 ended

Active mandates

AKWAABA CONSULTING GROUP

Director · since 01 janvier 2026 · until 26 juin 2026 · 0541.853.282

Represented by Martijn Reniers

Active
Quality for You

Managing director · since 01 janvier 2026 · until 26 juin 2026 · 0598.934.517

Represented by Bart Van Acker

Active

Ended mandates

QbD Growth

Director · since 31 mai 2023 · 0795.392.179

Represented by Bart Van Acker

Ended
QbD Growth

Wettelijke vertegenwoordiger · since 31 mai 2023 · 0795.392.179

Represented by Bart VAN ACKER

Ended
ARENARIA

Manager · since 04 décembre 2012 · 0849.103.653

Represented by Ann Van Gysel

Ended
ARENARIA

Manager · 0849.103.653

Represented by Ann Van Gysel

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Dissolution13/02/2026
    RUBRIEK EINDE (STOPZETTING, INTREKKING STOPZETTING, NIETIGHEID, GER. AK., GERECHTELIJKE REORGANISATIE, ENZ... - RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
    PDF
  • Restructuring24/10/2025
    RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
    PDF
  • Mandates09/04/2024
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates14/06/2023
    STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …) - WIJZIGING RECHTSVORM - MAATSCHAPPELIJKE ZETEL - ONTSLAGEN - BENOEMINGEN
    PDF
  • Registered office03/01/2020
    MAATSCHAPPELIJKE ZETEL
    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 2025-21,6 k €↓
  2. 2024
    Annual accounts 20244,8 k €↓
  3. 2023
    Annual accounts 202349,8 k €↓
  4. 2022
    Annual accounts 202281 k €↓
  5. 2021
    Annual accounts 202199,1 k €↑
  6. 2020
    Annual accounts 202075,6 k €↑
  7. 2019
    Annual accounts 201935,9 k €↑
  8. 2018
    Annual accounts 201822,7 k €↑
  9. 2017
    Annual accounts 20177,1 k €↑
  10. 2016
    Annual accounts 20162,7 k €↓
  11. 2015
    Annual accounts 20155,2 k €↑
  12. 2014
    Annual accounts 20141 k €↓
  13. 2013
    Annual accounts 201334,1 k €