Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
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Negative equity NBB
More debt than assets in 4 of the last 4 fiscal years.
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Two loss years in a row NBB
Negative result in 2024 and 2025.
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Tight liquidity NBB
Cash and receivables cover 9 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
La Tourmaline from Elsene, company number BE0407963390, closed financial year 2025 with a result of € -56,155 after tax. For that financial year La Tourmaline recorded a gross margin of € -41,175 and equity of € -1.4 million. Compared with financial year 2024, the result moved from € -215,051 to € -56,155. The company made a loss. More debts than assets. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on July 28, 2026.
€ -1.4 million
▼ € 56,155 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -56,155
▲ 74 % less loss than in 2024
Profit after tax over the fiscal year.
€ 57,410
▲ € 47,965 vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -3.4 million.
Debts at end 2025
€ 17.2 million
▲ 10% vs 2024
Loans from banks and other lenders, long and short.
€ 470,649
▲ 57% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 462
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € -239,299 | € 1,655 | € -48,854 | € -41,175 | ▲ € 7,680 |
| Profit after taxes | € -383,446 | € -585,311 | € -215,051 | € -56,155 | ▲ € 158,897 |
| Equity | € -558,354 | € -1,143,665 | € -1,358,717 | € -1,414,871 | ▼ € 56,155 |
| Total debts | € 13,327,539 | € 14,500,293 | € 15,986,977 | € 17,678,257 | ▲ 11% |
| Cash | € 18,411 | - | € 9,445 | € 57,410 | ▲ € 47,965 |
| Retained profit | € -2,558,354 | € -3,143,665 | € -3,358,717 | € -3,414,871 | ▼ € 56,155 |
| Bank debt | € 13,010,000 | € 14,342,701 | € 15,678,060 | € 17,207,145 | ▲ 10% |
| Balance sheet total | € 12,769,185 | € 13,356,628 | € 14,628,260 | € 16,263,385 | ▲ 11% |
Key figures of La Tourmaline, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 31 July 2027.
What happened to La Tourmaline?
What happened at La Tourmaline in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- RED CONSULT SRL stepped down as director. NBB
- E-STATE SRL stepped down as director. NBB
- NICOLAS ORTS SRL stepped down as director. NBB
- New annual accounts for financial year 2025: loss of € 56,155. Source: NBB ↗
- RED CONSULT SRL became a director. NBB
- ZOU2 SRL stepped down as director. NBB
- E-STATE SRL became a director. NBB
- ZOU2 SRL became a director. NBB
In short
From € 383,446 loss in 2022 to € 56,155 loss in 2025.
Management
The shares are held by EAGLESTONE SA (100%).
Directors
According to the 2025 annual accounts
Director · represented by Pierre-Damien LEFEBVRE
Also active at: ELYX, Eaglestone Services, FONCIERE DU SOUVERAIN, VIC-WIN, HAMOIR 14, D-IMMO, XL RETAIL INVEST, CAPITAINE NEMO +15 more
since 2025 · until 2028
Director · represented by Gaétan CLERMONT
Also active at: ELYX, Eaglestone Services, FONCIERE DU SOUVERAIN, VIC-WIN, HAMOIR 14, BEMAP IMMO, D-IMMO, XL RETAIL INVEST +32 more
since 2022 · until 2028
Director · represented by Sophie LAMBRIGHS
Also active at: NATIONALE IMMOBILIENVENNOOTSCHAP VAN HET BOUWBEDRIJF, ELYX, Eaglestone Services, FONCIERE DU SOUVERAIN, VIC-WIN, HAMOIR 14, BEMAP IMMO, D-IMMO +34 more
since 2022 · until 2025
Director · represented by Nicolas ORTS
Also active at: NATIONALE IMMOBILIENVENNOOTSCHAP VAN HET BOUWBEDRIJF, ELYX, Eaglestone Services, FONCIERE DU SOUVERAIN, VIC-WIN, HAMOIR 14, BEMAP IMMO, D-IMMO +30 more
since 2022 · until 2028
Shareholders
100%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Louizalaan 480
1050 Elsene
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0407.963.390
- VAT number
- BE 0407.963.390
- Registered office
- Louizalaan 480, 1050 Elsene
- Names & denominations
- La Tourmaline
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 1 January 1968
- Peppol
- Active · Active since 20 Nov 2020
- Activities · NACE
Verhuur en exploitatie van eigen of geleased niet-residentieel onroerend goed, exclusief terreinen