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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Two loss years in a row NBB
Negative result in 2024 and 2025.
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Tight liquidity NBB
Cash and receivables cover 17 % of short-term debt in 2025; threshold 65 %.
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Busy address KBO
11 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2025
TSURUGI from Genappe, company number BE0689685935, closed financial year 2025 with a result of € -223,152 after tax. For that financial year TSURUGI recorded a gross margin of € 8,902 and equity of € 2.8 million. Compared with financial year 2024, the result moved from € -209,318 to € -223,152. The company made a loss. The company holds a healthy buffer. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on July 31, 2026.
€ 2.8 million
▼ 7% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -223,152
▼ 7 % more loss than in 2024
Profit after tax over the fiscal year.
€ 50,684
▼ 49% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -1.2 million.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
€ 19,403
▲ 54% vs 2024
Supplier invoices still open on the last day of the fiscal year.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 8,410 | € 8,189 | € 3,958 | € 8,902 | ▲ 125% |
| Profit after taxes | € -172,193 | € -186,565 | € -209,318 | € -223,152 | ▼ € 13,834 |
| Equity | € 3,450,811 | € 3,264,246 | € 3,054,928 | € 2,831,777 | ▼ 7% |
| Total debts | € 520,663 | € 559,881 | € 541,603 | € 656,196 | ▲ 21% |
| Cash | € 418,949 | € 293,927 | € 99,242 | € 50,684 | ▼ 49% |
| Land & buildings | € 2,871,858 | € 2,781,349 | € 2,690,840 | € 2,600,331 | ▼ 3% |
| Retained profit | € -549,189 | € -735,754 | € -945,072 | € -1,168,223 | ▼ € 223,152 |
| Balance sheet total | € 3,971,474 | € 3,824,127 | € 3,596,531 | € 3,487,973 | ▼ 3% |
Key figures of TSURUGI, 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 TSURUGI?
What happened at TSURUGI in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 223,152. Source: NBB ↗
- New establishment in Genappe. KBO
- Start of the company according to the CBE. KBO
In short
From € 172,193 loss in 2022 to € 223,152 loss in 2025.
Management
Behind TSURUGI are Louis D'OTREPPE DE BOUVETTE and Benoit DE SPOELBERCH. The same people are also behind Mobi Properties Belgium. Louis D'OTREPPE DE BOUVETTE is also behind IMMO SUCCES, ELIZABETH, Emile & François and ALTARIPA. Benoit DE SPOELBERCH is also behind GETSURIN and VERLINVEST.
Directors
According to the 2025 annual accounts
Louis D'OTREPPE DE BOUVETTE
Director
Also active at: IMMO SUCCES, Mobi Properties Belgium, ELIZABETH, Emile & François, ALTARIPA
Establishments
Establishment units
Physical locations of this company
Rue Emile François 53
1474 Genappe
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 11 companies are registered at this address.
All companies at this address →GETSURIN same network
€ 4,045 gross margin · 2025
IMMO SUCCES same network
€ 91,707 gross margin · 2025
Mobi Properties Belgium same network
€ -3,712 gross margin · 2025
ASCOT MANAGEMENT
€ -62,343 gross margin · 2025
Top Consulting
€ 123,621 gross margin · 2025
+6 more
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0689.685.935
- VAT number
- BE 0689.685.935
- Registered office
- Rue Emile François 53, 1474 Genappe
- Names & denominations
- TSURUGI
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 1 February 2018
- Peppol
- Active · Active since 29 Nov 2025