TANGULA

Active

Private limited companyfounded 20206 yrs activeAlbert Lancasterlaan 93, 1180 Ukkel, BelgiumKBO/BCE: BE 0754.867.559

Summary

The computed 12-month bankruptcy probability of TANGULA is 1.7% (moderate). The 2025 annual accounts show equity of €354,316 and a net result of €264,529. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 30% of 263 sector peers (fiscal year 2025). The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals.

Risk analysis Watch Report Compare

TANGULAActiveChecked score 53/100

Risk analysis Report Compare

Checked score

Score 2025

53 / 100

Fair

Every signal that weighs is under Signals.

Axes · tick = 2024

Profitability86▼-14

Solvency44▲+15

Growth78=

Track record100

Bankruptcy probability, 12 months

1.7% Moderate

0%0.5%1.5%4%10%≥ 25%

Credit up to €18,000 at 30 days acceptable

Liquidity tight (current ratio 1.23 against 1.04 in 2024; short-term debt: 81.2% and cash: 22.5% of total assets), and 81.2% of the assets are financed with debt.

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Signals

Six signals. The signal on the left, the evidence on the right.

−lowers risk+raises risk○neutral

Limited track record

This company has not been active as long as an established one and statistically fails somewhat more often.

KBO · incorporation date

Age against the risk zone

Higher-failure-rate region

In this region companies fail more often than in the rest of the country.

KBO · registered office

Lower-failure-rate sector

In this sector companies fail less often than the Belgian average.

Gazette · bankruptcies per sector, NACE 58

Relative position

BE, all sectors

reference

Publishing activities (NACE 58)

about 30% fewer bankruptcies

← fewer bankruptcies more bankruptcies →

Multiple establishment units

Several establishment units mean more fixed costs, and such companies fail more often than a company with one establishment.

KBO · establishment units

Annual accounts: healthy financial profile

The latest annual accounts show a healthy profile in solvency, result and liquidity.

NBB · annual accounts 2025

Solvency, return and age of the figures

Solvency

18.8%

Return on assets

14%

Age of the figures

9 mo

A punctual record breaks

This company filed 5 consecutive financial years on time. The year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 24-08-2026, 24 days late. Weigh it accordingly: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.

NBB · 6 filings

Deviation from the deadline

2025

24 d late

2024

62 d early

2023

86 d early

2022

49 d early

2021

74 d early

2020

88 d early

← before the deadline after the deadline →

tick = median of all Belgian filingsring = median in the sector

This company filed its last 6 accounts on average 56 days before the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 37% of the sector filed late.

Checked, nothing found (2)

The next deadline is still running

The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.

Companies Code · seven months

Position in the running window

27-09-2026 today31-12-2026 close31-07-2027 deadline

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

History

On 24 September 2020, TANGULA was incorporated as a Private limited company.¹ Total assets went from EUR 93,330 in 2020 to EUR 1.9 million in 2025.²

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Financials · fiscal year 2025, abbreviated schema

In the rankings #4 company by total assets in Ukkel, Publishing and media sector

Turnover

Not included in this filing

EBIT margin

Not included in this filing

Net result

€264,529▼ 67.2%

2024 · €806,046

Working capital

€347,465▲ 306%

2024 · €85,478

Trend over the years

Chart Table

Click a name to add, emphasise or remove a line.

Every figure with its change against the fiscal year before

favourable unfavourable

Line20212022202320242025

Operating result€134,985▲ 134%€816,461▲ 505%€552,737▼ 32.3%€1.1m▲ 91.4%€349,210▼ 67.0%

Net result€101,672▲ 136%€616,761▲ 507%€414,433▼ 32.8%€806,046▲ 94.5%€264,529▼ 67.2%

Equity€149,682▲ 212%€766,442▲ 412%€1.1m▲ 41.4%€89,787▼ 91.7%€354,316▲ 295%

Total assets€263,897▲ 183%€1.1m▲ 310%€1.4m▲ 25.9%€2.3m▲ 70.0%€1.9m▼ 18.5%

Debt€114,215▲ 152%€315,699▲ 176%€278,527▼ 11.8%€2.2m▲ 699%€1.5m▼ 31.1%

Working capital€147,635▲ 208%€760,017▲ 415%€1.1m▲ 41.7%€85,478▼ 92.1%€347,465▲ 306%

Why a figure moved sharply

2025 Net result -67% on 2024. The accounts now follow the abbreviated schema, last year the full schema.
2025 Equity +295% on 2024. Cause not known from the registers.
2024 Net result +94%, Equity -92%, Total assets +70% on 2023. Cause not known from the registers.
2022 Net result +507%, Equity +412%, Total assets +310% on 2021. Cause not known from the registers.
2021 Equity +212%, Total assets +183% on 2020. Cause not known from the registers.

Result per fiscal year

Operating resultNet result

The operating result falls in 2025; 2025 is 67% below 2024.

Balance-sheet composition

2025 in colour, 2024 as the grey bar beneath

Assets €1.9m

99.6%

Fixed assets €6,852 ▲ 59.0%

Current assets €1.9m ▼ 18.6%

Equity and liabilities €1.9m

18.8%

81.2%

Equity €354,316 ▲ 295%

Debt €1.5m ▼ 31.1%

Debt's share of the balance-sheet total falls from 96.1% to 81.2%. Equity is higher and debt is lower.

Key figures and ratios

2025 value · change against 2024

EBITDA

€351,798▼

2024 · €1.1m

Cash flow

€267,118▼

2024 · €809,058

Current ratio

1.23▲

2024 · 1.04

Debt to equity

4.33▼

2024 · 24.80

ROE

74.7%▼

2024 · 897.7%

ROA

14.0%▼

2024 · 34.8%

Interest coverage

107.78▼

2024 · 751.15

Debt ≤ 1 year

€1.5m▼

2024 · €2.2m

Income taxes

€94,986▼

2024 · €260,693

Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 2,677 companies that looked in July 2024 the way this one looks now, 1.3% went bankrupt within 24 months and 97% are still going.

Small
5 to 10 years old
solvency 10 to 30%
a profit of 5% of the balance sheet or more

1.3% went bankrupt

1.2% stopped otherwise

97% still going

A further 0.3% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a higher bankruptcy probability: 1.7% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.

The companies in ten equal groups, from lowest to highest expected share.
Group	Expected	Actual
1	0.2%	0.2%
2	0.3%	0.4%
3	0.5%	0.5%
4	0.6%	0.7%
5	0.8%	0.9%
6	1.2%	1.3%
7	1.5%	1.6%
8	1.7%	1.7%
9	2.7%	2.8%
10	5.3%	5.7%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.

An observation about 2,677 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.

Annual accounts

OverviewIncome statement Balance sheet Cash flow

Filed annual accounts As filed with the NBB · 2025 against 2024 · 38 lines

Balance sheet Code20242025

Assets

Total assets20/58€2.3m€1.9m▼

Fixed assets21/28€4,309€6,852▲

Intangible fixed assets21€486€3,386▲

Tangible fixed assets22/27€3,823€3,466▼

Furniture and vehicles24€3,823€3,466▼

Current assets29/58€2.3m€1.9m▼

Amounts receivable within one year40/41€674,723€158,174▼

Trade receivables40€571,380€111,897▼

Other amounts receivable41€103,342€46,277▼

Current investments50/53-€1.3m

Cash at bank and in hand54/58€1.6m€424,215▼

Equity and liabilities

Total equity and liabilities10/49€2.3m€1.9m▼

Equity10/15€89,787€354,316▲

Contributions10/11€5,000€5,000=

Profit (loss) carried forward14€84,787€349,316▲

Amounts payable17/49€2.2m€1.5m▼

Amounts payable within one year42/48€2.2m€1.5m▼

Trade debts44€678,438€7,703▼

Suppliers440/4€678,438€7,703▼

Taxes, remuneration and social security45€16,519-

Taxes450/3€16,519-

Other amounts payable47/48€1.5m€1.5m▼

Income statement Code20242025

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€3,012€2,588▼

Other operating charges640/8€3,446€3,973▲

Gross operating margin9900€1.1m€355,771▼

Operating profit (loss)9901€1.1m€349,210▼

Financial income75/76B€10,317€13,570▲

Recurring financial income75€10,317€13,570▲

Financial charges65/66B€1,412€3,264▲

Recurring financial charges65€1,412€3,264▲

Profit (loss) for the period before taxes9903€1.1m€359,516▼

Income taxes67/77€260,693€94,986▼

Profit (loss) for the period9904€806,046€264,529▼

Profit (loss) for the period to be appropriated9905€806,046€264,529▼

Appropriation of the result

Profit (loss) to be appropriated9906€1.9m€349,316▼

Profit (loss) brought forward from the previous period14P€1.1m€84,787▼

Profit to be distributed694/7€1.8m-

Return on contributions (dividend)694€1.8m-

The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line	2021	2022	2023	2024	2025	Change
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630	€179	€1,446	€2,568	€3,012	€2,588	▼ 14.1%
Other operating charges640/8	€3,373	€1,295	€1,511	€3,446	€3,973	▲ 15.3%
Gross operating margin9900	€138,537	€819,202	€556,816	€1.1m	€355,771	▼ 66.6%
Operating profit (loss)9901	€134,985	€816,461	€552,737	€1.1m	€349,210	▼ 67.0%
Financial income75/76B	€8	-	€2	€10,317	€13,570	▲ 31.5%
Recurring financial income75	€8	-	€2	€10,317	€13,570	▲ 31.5%
Financial charges65/66B	€1,698	€1,797	€5,017	€1,412	€3,264	▲ 131%
Recurring financial charges65	€1,698	€1,797	€5,017	€1,412	€3,264	▲ 131%
Profit (loss) for the period before taxes9903	€133,294	€814,664	€547,722	€1.1m	€359,516	▼ 66.3%
Income taxes67/77	€31,621	€197,904	€133,289	€260,693	€94,986	▼ 63.6%
Profit (loss) for the period9904	€101,672	€616,761	€414,433	€806,046	€264,529	▼ 67.2%
Profit (loss) for the period to be appropriated9905	€101,672	€616,761	€414,433	€806,046	€264,529	▼ 67.2%

Line	2021	2022	2023	2024	2025	Change
Assets
Total assets20/58	€263,897	€1.1m	€1.4m	€2.3m	€1.9m	▼ 18.5%
Fixed assets21/28	€2,047	€6,426	€7,085	€4,309	€6,852	▲ 59.0%
Intangible fixed assets21	-	-	€250	€486	€3,386	▲ 597%
Tangible fixed assets22/27	€2,047	€6,426	€6,835	€3,823	€3,466	▼ 9.3%
Furniture and vehicles24	€2,047	€6,426	€6,835	€3,823	€3,466	▼ 9.3%
Current assets29/58	€261,850	€1.1m	€1.4m	€2.3m	€1.9m	▼ 18.6%
Amounts receivable within one year40/41	€5,116	€7,399	€114,241	€674,723	€158,174	▼ 76.6%
Trade receivables40	€5,116	€7,399	€47,282	€571,380	€111,897	▼ 80.4%
Other amounts receivable41	-	-	€66,959	€103,342	€46,277	▼ 55.2%
Current investments50/53	-	-	-	-	€1.3m	-
Cash at bank and in hand54/58	€256,734	€1.1m	€1.2m	€1.6m	€424,215	▼ 74.1%
Equity and liabilities
Total equity and liabilities10/49	€263,897	€1.1m	€1.4m	€2.3m	€1.9m	▼ 18.5%
Equity10/15	€149,682	€766,442	€1.1m	€89,787	€354,316	▲ 295%
Contributions10/11	€5,000	€5,000	€5,000	€5,000	€5,000	=
Profit (loss) carried forward14	€144,682	€761,442	€1.1m	€84,787	€349,316	▲ 312%
Amounts payable17/49	€114,215	€315,699	€278,527	€2.2m	€1.5m	▼ 31.1%
Amounts payable within one year42/48	€114,215	€315,699	€278,527	€2.2m	€1.5m	▼ 31.1%
Trade debts44	€14,878	€9,279	€42,276	€678,438	€7,703	▼ 98.9%
Suppliers440/4	€14,878	€9,279	€42,276	€678,438	€7,703	▼ 98.9%
Taxes, remuneration and social security45	€65,798	€260,370	€236,251	€16,519	-	-
Taxes450/3	€65,798	€260,370	€236,251	€16,519	-	-
Other amounts payable47/48	€33,539	€46,050	-	€1.5m	€1.5m	▼ 0.3%

Line	2021	2022	2023	2024	2025	Change
Profit (loss) for the period9904	€101,672	€616,761	€414,433	€806,046	€264,529	▼ 67.2%
+ Depreciation and write-downs630	€179	€1,446	€2,568	€3,012	€2,588	▼ 14.1%
Operating cash flow (approximation)	€101,851	€618,207	€417,001	€809,058	€267,118	▼ 67.0%
Investment in fixed assets (approximation)	-	-€5,826	-€3,227	-€236	-€5,131	▼ 2,076%
Change in cash	-	€811,583	€172,625	€396,528	-€1.2m	▼ 406%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

Download as CSV

Timeline · acts, filings and financial milestones

All 11Financial 5Filings 6

Next filing, fiscal year 2026, expected by 31-07-2027

2026

24-08

NBB filing Annual accounts filed

fiscal year 2025 · abbreviated schema · 24 days late

2025

31-12

Financial Equity above €200,000Eq €354,316 ▲295%

6 profitable years in a row build equity to €354,316.

30-05

NBB filing Annual accounts filed

fiscal year 2024 · full schema

2024

31-12

Financial Highest result since 2020net €806,046 ▲94.5%

Operating result €1.1m, net result €806,046, both a record.

06-05

NBB filing Annual accounts filed

fiscal year 2023 · full schema

2023

31-12

Financial Equity above €1mEq €1.1m ▲41.4%

4 profitable years in a row build equity to €1.1m.

12-06

NBB filing Annual accounts filed

fiscal year 2022 · full schema

2022

31-12

Financial Equity above €500,000Eq €766,442 ▲412%

3 profitable years in a row build equity to €766,442.

18-05

NBB filing Annual accounts filed

fiscal year 2021 · full schema

2021

31-12

Financial Equity above €100,000Eq €149,682 ▲212%

2 profitable years in a row build equity to €149,682.

04-05

NBB filing Annual accounts filed

fiscal year 2020 · full schema

Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

0 of 1 act read

About the unread acts

We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.

Have them read with priority Sign in to place this company at the front of the reading queue.

Directors · office · real estate

Directors

1 act for this company is in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.

Location & real-estate footprint

Registered office, Ukkel · 2 establishment units since 2020

seat establishment All 2 establishment units on the map

Ground area

1,123 m²

Building footprint

315 m²

Volume, LiDAR

2,900 m³

2 parcels, Brussels · tallest building 20.7 m, ±6 floors. Linked by address, not a title deed.

2 companies at this address See who is registered here

2 establishment units

TANGULA

Albert Lancasterlaan 93, 1180 UkkelRetail trade

since 20202.308.073.725

TANGULA

Emmanuel Van Driesschestraat 75, 1050 ElseneRetail sale of other second-hand goods, excluding clothing

since 20262.387.200.880

2 parcels

Brussels 2 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
21612D0312/00P008	Brussels	1,026 m²	1 · 218 m²	10.0 m · 2 fl.
21447B0306/00G043	Brussels	97 m²	1 · 97 m²	20.7 m · 6 fl.

Linked by address, not proof of ownership

Good to know

2 of 2 parcels with an exact address match; the rest are indicative.

Linked through address data, this is not proof of ownership.

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Of 1,115 companies in sector 58110 we hold annual accounts for 363. 229 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector

Identification & contact

Identification

Legal formPrivate limited company

Founded24-09-2020

Fiscal year end31-12

Activities, NACEBEL 2025

58110Book publishing

47621Retail sale of newspapers and periodicals

47793Retail sale of other second-hand goods, excluding clothing

82990Other business support services

90399Other support activities for arts and performing arts

E-invoicing

Reachable via Peppol

Peppol ID 0208:0754867559

Registered 03-12-2025

Scores and ratios are computed by Checked and are not a credit decision.