Turbel is a wholesaler in Brussel. Public Limited, started on 15 February 1955, 1 establishment.

What is the address of Turbel?

The registered office of Turbel is located at Spaarbekkenstraat 11, 1130 Brussel.

Is Turbel still active?

Yes. According to the CBE (29 October 2026) Turbel is active, legal situation “Normale toestand”, started on 15 February 1955.

Is Turbel registered on Peppol?

Yes, Turbel is registered on the Peppol network with ID 0208:0402712425.

What is the enterprise number of Turbel?

The enterprise number of Turbel is BE0402712425.

When was Turbel founded?

Turbel was founded on 15 February 1955.

Who are the directors of Turbel?

According to the 2026 annual accounts, the directors of Turbel are: Séverine Cuvelier, EURABEL INVEST, Roland Cuvelier.

Is Turbel a reliable company?

Databakkes does not pass judgement; this is what the sources say: Active according to the CBE since 15 February 1955; 5 annual accounts filed, latest fiscal year 2026; 3 directors known from the annual account.

How much profit did Turbel make in 2026?

Turbel recorded a loss after taxes of € 789,377 in financial year 2026.

What is the revenue of Turbel?

In its most recent annual accounts (2026), Turbel reported revenue of € 10,408,385.

How much does an employee at Turbel earn?

The average wage cost per full-time employee at Turbel was € 67,800 in 2026: staff costs of € 2.8 million for 41.8 FTE, according to the annual account at the National Bank. That is the employer's cost, not net pay.

How many employees does Turbel have?

According to the 2026 annual accounts, Turbel has 41.8 full-time equivalents (FTE).

Turbel (Public Limited) - Brussel - BE0402712425

Dossier Turbel, printed on 29 October 2026 from databakkes.be/en/0402712425/turbel. Sources: CBE, National Bank of Belgium, Belgian Official Gazette.

Warning lights

Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.

Two loss years in a row NBB

Negative result in 2025 and 2026.
Tight liquidity NBB

Cash and receivables cover 39 % of short-term debt in 2026; threshold 65 %.

Financials

Financial year 2026

Turbel from Brussel, company number BE0402712425, closed financial year 2026 with a result of € -789,377 after tax. For that financial year Turbel recorded revenue of € 10.4 million and equity of € 2.8 million. Compared with financial year 2025, the result moved from € -780,679 to € -789,377. The company made a loss. The buffer is growing. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on October 26, 2026.

What it is worth Growing

€ 2.8 million

▲ € 2.4 million vs 2025

Assets minus debts, by the books. What is left if everything were sold and paid today.

Loss Caution

€ -789,377

▼ 1 % more loss than in 2025

Profit after tax over the fiscal year.

Cash in the bank

€ 41,029

▼ 26% vs 2025

Cash and bank balances on the last day of the fiscal year.

Where the profit goes Caution

Loss, nothing to pay out

Reserves fell to € -1.6 million.

People and assets in 2026

Full-time equivalents

41.8

▼ 5.7 vs 2025

Average over the fiscal year, from the social balance sheet.

Wage cost Staff costs are payroll only. Director pay sits with services and miscellaneous goods: € 2 million in 2026, together with rent, insurance, accountants and other services. The accounts do not split that further.

€ 2.8 million

▼ 9% vs 2025

€ 67,800 per full-time equivalent. Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.

Vehicles and equipment

€ 138,117

▼ 25% vs 2025

Of which on lease € 84,263.

Debts at end 2026

Bank debt ≈ 3 years to go The accounts give the long-term loan and the part due within the year. The remainder divided by that part is the number of years at an equal pace; a new loan or early repayment changes it.

€ 2.3 million

▼ 10% vs 2025

€ 41,558 is repaid this year. At this pace the long-term loan is gone in ≈ 3 years.

Owed to suppliers

€ 1.4 million

▼ 13% vs 2025

Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 62 days on average.

Taxes and wages

€ 504,749

▼ 18% vs 2025

Taxes, VAT and social contributions still to pay.

Key figures per fiscal year Download key figures (CSV)
	2023	2024	2025	2026	Change 2025 → 2026
Revenue	€ 13,979,651 Revenue 2023: € 13,979,651 First fiscal year in the series	€ 12,346,029 Revenue 2024: € 12,346,029 ▼ 12% vs 2023 (€ 13,979,651) Unfavourable step	€ 10,976,718 Revenue 2025: € 10,976,718 ▼ 11% vs 2024 (€ 12,346,029) Unfavourable step	€ 10,408,385 Revenue 2026: € 10,408,385 ▼ 5% vs 2025 (€ 10,976,718) Unfavourable step	▼ 5%
Profit after taxes	€ 221,041 Profit after taxes 2023: € 221,041 First fiscal year in the series	€ -930,680 Profit after taxes 2024: € -930,680 ▼ € 1.2 million vs 2023 (€ 221,041) Unfavourable step	€ -780,679 Profit after taxes 2025: € -780,679 ▲ € 150,001 vs 2024 (€ -930,680) Favourable step	€ -789,377 Profit after taxes 2026: € -789,377 ▼ € 8,699 vs 2025 (€ -780,679) Unfavourable step	▼ € 8,699
Equity	€ 988,340 Equity 2023: € 988,340 First fiscal year in the series	€ 1,188,011 Equity 2024: € 1,188,011 ▲ 20% vs 2023 (€ 988,340) Favourable step	€ 398,483 Equity 2025: € 398,483 ▼ 66% vs 2024 (€ 1,188,011) Unfavourable step	€ 2,786,527 Equity 2026: € 2,786,527 ▲ € 2.4 million vs 2025 (€ 398,483) Favourable step	▲ € 2.4 million
Total debts	€ 5,375,862 Total debts 2023: € 5,375,862 First fiscal year in the series	€ 5,580,480 Total debts 2024: € 5,580,480 ▲ 4% vs 2023 (€ 5,375,862) Unfavourable step	€ 5,108,147 Total debts 2025: € 5,108,147 ▼ 8% vs 2024 (€ 5,580,480) Favourable step	€ 5,091,630 Total debts 2026: € 5,091,630 Unchanged (€ 5,108,147) Favourable step
Cash	€ 44,786 Cash 2023: € 44,786 First fiscal year in the series	€ 36,523 Cash 2024: € 36,523 ▼ 18% vs 2023 (€ 44,786) Unfavourable step	€ 55,102 Cash 2025: € 55,102 ▲ 51% vs 2024 (€ 36,523) Favourable step	€ 41,029 Cash 2026: € 41,029 ▼ 26% vs 2025 (€ 55,102) Unfavourable step	▼ 26%
Land & buildings	€ 351,186 Land & buildings 2023: € 351,186 First fiscal year in the series	€ 1,346,139 Land & buildings 2024: € 1,346,139 ▲ 283% vs 2023 (€ 351,186) Unchanged	€ 102,125 Land & buildings 2025: € 102,125 ▼ 92% vs 2024 (€ 1,346,139) Unchanged	€ 3,385,377 Land & buildings 2026: € 3,385,377 ▲ € 3.3 million vs 2025 (€ 102,125) Unchanged	▲ € 3.3 million
Retained profit	€ 789,896 Retained profit 2023: € 789,896 First fiscal year in the series	€ -140,785 Retained profit 2024: € -140,785 ▼ € 930,680 vs 2023 (€ 789,896) Unfavourable step	€ -888,066 Retained profit 2025: € -888,066 ▼ € 747,281 vs 2024 (€ -140,785) Unfavourable step	€ -1,644,046 Retained profit 2026: € -1,644,046 ▼ € 755,980 vs 2025 (€ -888,066) Unfavourable step	▼ € 755,980
Bank debt	€ 2,743,708 Bank debt 2023: € 2,743,708 First fiscal year in the series	€ 2,566,013 Bank debt 2024: € 2,566,013 ▼ 6% vs 2023 (€ 2,743,708) Favourable step	€ 2,579,565 Bank debt 2025: € 2,579,565 ▲ 1% vs 2024 (€ 2,566,013) Unfavourable step	€ 2,324,494 Bank debt 2026: € 2,324,494 ▼ 10% vs 2025 (€ 2,579,565) Favourable step	▼ 10%
Balance sheet total	€ 6,384,524 Balance sheet total 2023: € 6,384,524 First fiscal year in the series	€ 6,790,407 Balance sheet total 2024: € 6,790,407 ▲ 6% vs 2023 (€ 6,384,524) Unchanged	€ 5,521,577 Balance sheet total 2025: € 5,521,577 ▼ 19% vs 2024 (€ 6,790,407) Unchanged	€ 7,897,918 Balance sheet total 2026: € 7,897,918 ▲ 43% vs 2025 (€ 5,521,577) Unchanged	▲ 43%
Employees (FTE)	45.9 Employees (FTE) 2023: 45.9 First fiscal year in the series	45.4 Employees (FTE) 2024: 45.4 ▼ 0.5 vs 2023 (45.9) Unchanged	47.5 Employees (FTE) 2025: 47.5 ▲ 2.1 vs 2024 (45.4) Unchanged	41.8 Employees (FTE) 2026: 41.8 ▼ 5.7 vs 2025 (47.5) Unchanged	▼ 5.7

Key figures of Turbel, fiscal years 2023 to 2026, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2027) expected before 31 October 2027.

What happened to Turbel?

What happened at Turbel in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:

Oct 26, 2026 New annual accounts for financial year 2026: loss of € 789,377. Source: NBB ↗
Feb 15, 1955 Start of the company according to the CBE. KBO
Feb 1, 1955 New establishment in Brussel. KBO

In short

From € 221,041 profit in 2023 to € 789,377 loss in 2026.

Paid € 137,033 in corporate taxes since 2023.

Best year ever: 2023, with € 221,041 profit.

Pays suppliers within 62 days on average.

Original PDFs at the National Bank ↗

Management

EURABEL INVEST 75.1%

The stake of EURABEL INVEST comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.

Turbel

Behind Turbel are Séverine Cuvelier, EURABEL INVEST and Roland Cuvelier. The shares are held by EURABEL INVEST (75.1%).

Directors

According to the 2026 annual accounts

Séverine Cuvelier

Director

Also active at: Ferme de Warfusée

EURABEL INVEST

Managing director · represented by Cuvelier Aurélie

Also active at: FLAUGES

Roland Cuvelier

Managing director

Also active at: EURABEL INVEST, FLAUGES

Shareholders

EURABEL INVEST

75.1%

Participations

No participations in other companies reported.

Establishments

Establishment units

Physical locations of this company

Registered office

Spaarbekkenstraat 11

1130 Brussel

Who else lives here?

A building full of entrepreneurs or one very busy letterbox? Another 4 companies are registered at this address.

All companies at this address →

BELGIAN OFFICE AND STATIONERY TRADE ASSOCIATION

BACASABLE

€ 32,243 gross margin · 2025

EURABEL INVEST same network

€ 312,000 revenue · 2025

FLAUGES same network

€ 30,304 gross margin · 2025

What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.

Details

Company number

0402.712.425

VAT number

BE 0402.712.425

Registered office

Spaarbekkenstraat 11, 1130 Brussel

Names & denominations

Turbel

Enterprise type

Rechtspersoon

Legal form

Public limited company

Legal situation

Normale toestand

Start date

15 February 1955

Peppol

Active · Active since 1 Jan 2001

Activities · NACE

Groothandel in kantoor- en schoolbenodigdheden

Groothandel in papierwaren, kantoor- en schoolbehoeften

Groothandel in papier- en kartonwaren

Vervaardiging van andere artikelen van papier of karton

View on CBE Public ↗ Annual accounts (NBB) ↗

Turbel

Warning lights

Financials

What happened to Turbel?

Management

Directors

Shareholders

Participations

Establishments

Establishment units

Who else lives here?

Details

Frequently asked questions