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Generated 29-07-2026
Active BE 0800.827.743Private limited company

TOLSEL

Wittestraat 25 ·2020 Antwerpen, Belgium· 3 yrs active
Sector: Road freight transport (49410)
Conclusion Checked

The computed 12-month bankruptcy probability of TOLSEL is 6.9% (elevated). The 2024 annual accounts show negative equity (€-5k) and a net result of €-14k. Its solvency ranks better than 11% of 2245 sector peers (fiscal year 2024). The company has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals.

Based on the State Gazette, CBE and 1 annual account.
Key figures
Equity €-5k
Net result €-14k
Staff (FTE) 0.9
Better than sector 11%
Snowflake analysis 5 axes · computed by Checked
Health10Profitability100Solvency33Growth50Stability79
54 / 100

Mixed profile: strong on profitability, weaker on health.

Health 10
Profitability 100
Solvency 33
Growth 50
Stability 79
Bankruptcy probability (12 mo) Checked model v1 · free
6.9% Elevated
0%0,5%1,5%4%10%≥25%
Young company +Higher-failure-rate sector +Annual accounts: weaker financial profile +

Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?

Risk Assessment rule-based
0 / 100
Low risk
Trust signals 3 signals
More than 3 years active
Founded in 2023, past the statistically most fragile first 3 years.
No legal incidents
No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad.
Administratively compliant
No FOD Economie strikeouts (UBO, accounts, address, activity).
Administrative Flags 0 events
No administrative flags
Health barometer FY 2024 · computed
10 / 100 Critical
050100

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Computed by Checked from NBB filings and Belgian State Gazette signals. Indicative, not credit advice.
Financial overview1 NBB filings
Annual accounts filed on 17-11-2025 with the NBB · fiscal year 2024 · micro
Sector comparison
Fiscal year 2024 · NACE 49, Land transport · compared within the same schema type (micro schema)
Metric This company Sector median Position in the sector
Solvency -24.3% 27.4%
better than 11% of 2245 sector peers
Net result €-14k €6k
better than 10% of 2229 sector peers
Equity €-5k €17k
better than 13% of 2251 sector peers
Gross operating margin €21k €28k
better than 42% of 2218 sector peers
Staff costs €28k €36k
higher than 45% of 1014 sector peers
Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.
Fiscal year2024
Revenue-
EBITDA€-10k
Net profit€-14k
Cash flow€-10k
Staff costs€28k
Income taxes-
Dividends-
Total assets€21k
Equity€-5k
Debt€26k
of which ≤ 1y€26k
of which > 1y-
Working capital€-14k
Employees (FTE)0.9
Ratios (computed)
2024
Current ratio0.46
Quick ratio0.46
Working capital ratio-66.7%
Solvency-24.3%
Debt / equity-5.12
Long-term debt ratio-
Interest coverage-71.73
Gross margin-
Net margin-
ROA-67.5%
ROE278.2%
EBITDA margin-
Days sales outstanding-
Days payable outstanding-
Inventory turnover-
Days inventory (DSI)-
Balance-sheet composition 2024
Full annual accounts
Filed balance sheet and income statement, exactly as deposited with the NBB.
Line item Code2024
Balance sheet, Assets
TOTAL ASSETS 20/58€21k
Fixed assets 21/28€9k
Tangible fixed assets 22/27€9k
Current assets 29/58€12k
Amounts receivable within one year 40/41€11k
Cash & bank 54/58€135
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES 10/49€21k
Equity 10/15€-5k
Reserves 13€9k
Accumulated profits (losses) 14€-14k
Amounts payable 17/49€26k
Amounts payable within one year 42/48€26k
Trade debts payable within one year 44€16k
Income statement
Gross operating margin 9900€21k
Operating result 9901€-14k
Financial charges 65€139
Result before taxes 9903€-14k
Net result for the period 9904€-14k
Result to be appropriated 9905€-14k
Ratios computed by Checked.
Directors & mandates 2 directors
Current directors & mandates
  • Furkan Sahin
    Manager
    State Gazette act 25159423 (17-12-2025)
    Current
    31-10-2025 → present
Former directors (1)
  • Tolga Tasci
    Manager
    State Gazette act 25159423 (17-12-2025)
    Former
    - → 31-10-2025
Full appointment history from the Belgian State Gazette. Permanent representatives are shown for corporate directors.
Legal Structure
NACE primary Road freight transport(49410)
Legal form Private limited company(610)
Incorporation17-04-2023
StatusActive
Postal code2020
Establishment units 1 location
TOLSEL
Wittestraat 25, 2020 AntwerpenGoederenvervoer over de weg
since 20232.343.958.379
Physical sites registered in the Crossroads Bank for Enterprises (CBE).
Real-estate footprint Source: CBE × cadastre

Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.

Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
11809I2413/00T013 Flanders 156 m² 1 · 133 m² 12.4 m · 4 fl.
Methodology
via registered seat: 1
1 of 1 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Updates 3 events

A single timeline of everything that happened to this company, publications, insolvency and lifecycle events, administrative changes and filed annual accounts.

2025
17-12-2025
State Gazette act Capital & shares
v3.2
17-11-2025
NBB filing Annual accounts filed
fiscal year 2024 · micro
2023
19-04-2023
State Gazette act Incorporation
oprichting
Belgisch Staatsblad, acts 2 acts
Capital history · 1
17-12-2025
v3.2
All acts · 2 updated 7 months ago
2025
17-12-2025 Transaction in capital or shares Capital & shares
Summary: v3.2
Technical details 
{
  "events": [
    {
      "kind": "share_transfer",
      "amount": 100,
      "currency": null,
      "after_eur": null,
      "delta_eur": null,
      "before_eur": null,
      "amount_type": "onbekend",
      "effective_date": "2025-10-31",
      "evidence_quote": "Dhr. Tolga Tasci, houder van 100 aandelen draagt integraal zijn aandelen over aan dhr. Furkan Sahin, die deze aanvaardt.",
      "contribution_type": null
    }
  ],
  "schema": "v3.2",
  "act_meta": {
    "model_id": 36,
    "extractor": "constrained-core-35b"
  },
  "subject_company": {
    "kbo": "0800.827.743",
    "name_full": "TOLSEL",
    "legal_form": "BV"
  }
}
2023
19-04-2023 Incorporation of a new BV Incorporation
Summary: oprichting
Technical details 
{
  "kind": "oprichting",
  "seat": "Wittestraat 25 bus 101, 2020 Antwerpen",
  "schema": "v3.2",
  "act_meta": {
    "model_id": 36,
    "extractor": "constrained-core-35b"
  },
  "founders": [
    {
      "org": null,
      "kind": "natural_person",
      "person": {
        "dob": "1994-04-23",
        "name": "TASCI Tolga Ali",
        "niss": null,
        "address": "Wittestraat 25 bus 101, 2020 Antwerpen"
      },
      "share_class": "Ordinary",
      "partner_role": null,
      "holder_org_kbo": null,
      "holder_org_name": null,
      "contribution_type": "cash",
      "amount_paid_in_eur": 9000.0,
      "holder_person_name": "TASCI Tolga Ali",
      "is_subscriber_only": false,
      "n_shares_subscribed": 100,
      "amount_subscribed_eur": 9000.0,
      "is_anonymous_silent_partner": false
    }
  ],
  "capital_eur": 9000.0,
  "subject_company": {
    "kbo": "0800.827.743",
    "name_full": "TOLSEL",
    "legal_form": "BV"
  },
  "initial_directors": [],
  "incorporation_date": "2023-04-17",
  "post_incorporation_mandates": []
}
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Based on official sources (NBB, CBE, State Gazette). Indicative, not credit advice.
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Company registry (CBE) Crossroads Bank
Activities
Goederenvervoer over de weg, m.u.v. verhuisbedrijven49410Goederenvervoer over de weg49410Postdiensten in het kader van de universele dienstverplichting53100Postdiensten in het kader van de universele dienstverplichting53100Overige posterijen en koeriers53200Overige posterijen en koeriers53200Overige zakelijke dienstverlening, n.e.g.82990Overige zakelijke dienstverlening, neg82990
Primary activity highlighted.
Names & trade names
Legal nameNL TOLSEL
Registered office
Wittestraat 25 bus 101
2020 Antwerpen, Belgium
Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.
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Source: Belgian State Gazette, CBE, NBB · generated via checked.be · indicative