TT-Sunprojects
ActiveSummary
The computed 12-month bankruptcy probability of TT-Sunprojects is 2.1% (moderate). The 2025 annual accounts show equity of €32,330 and a net result of €9,357. Its solvency ranks better than 45% of 34,972 sector peers (NACE 43, financial year 2025). The company has been active since 2023 and the Belgian Official Gazette contains no insolvency or warning signals.
Overview
Overview
Official details
Source: KBO- Status
- Active since 11-07-2023 Normal situation
- Activity
- Joinery installation NACE 43320and 1 other
- Establishment unit
- 2.347.351.696 8930 Menen, since 11-07-2023
- Financial year end
- 31 December
- Peppol
- Reachable since 25-11-2025
Board and ownership
- TURPYN ThyboDirector · since 11-07-2023
- TURPYN Thybofounderdeed of 13-07-2023
Financial position
- Bankruptcy probabilitywithin 12 months
- 2.1%
- Gross margin
- €21,304
- ▼ 43.0%
- Turnover
- ≈ €220,000
- estimated
- Profit
- €9,357
- ▼ 52.0%
- Equity
- €32,330
- ▲ 40.7%
- Total assets
- €75,845
- ▲ 17.7%
- 2025 accounts filed 31 days after the deadline
Score breakdownraises riskFounded in 2023Last filed accounts filed 31 days late; 1 of the last 3 accounts lateSize: total assets €75,845lowers riskLiquidity: current ratio 1.49, cash €16,036Show the evidence
Checked score
About 2 in 100 comparable companies go bankrupt within 12 months (an estimate).
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 43, micro). It does better than 46% of them on solvency, 53% on liquidity, 67% on profitability and 80% on growth.
The bankruptcy probability was computed on 04-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the moderate class on 30-06-2025, 2.4% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
The company filed its last 2 accounts on average 9 days after the deadline. In the sector (NACE 43), the median for financial year 2024 was 1 day before the deadline, and 43% of those companies filed late.
Searched, nothing found (2)
Financials
Financials · financial year 2025, micro format
2025 annual accounts filed 31 days after the deadline Filed on 31 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00491971.
Annual accounts 2025 filed on 31-08-2026 at the NBB all 2 filings
Every figure per financial year
The operating result for 2025 is 50% lower than in 2024.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Investments
| Item | 2024 | 2025 |
|---|---|---|
| Tangible fixed assets | €33,874 | €3,803 |
| Intangible fixed assets | €1 | - |
| Financial fixed assets | €1,350 | €0 |
| Depreciation and write-downs of the year | €3,548 | €7,044 |
Source: notes to the 2024 to 2025 annual accounts (statement of fixed assets)
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €3,548 | €7,044 | ▲ 98.5% |
| Other operating charges640/8 | €538 | €603 | ▲ 12.2% |
| Non-recurring operating charges66A | €5,871 | €0 | ▼ 100% |
| Gross operating margin9900 | €37,382 | €21,304 | ▼ 43.0% |
| Operating profit (loss)9901 | €27,425 | €13,656 | ▼ 50.2% |
| Financial income75/76B | €37 | €31 | ▼ 15.4% |
| Recurring financial income75 | €37 | €31 | ▼ 15.4% |
| Financial charges65/66B | €1,214 | €1,369 | ▲ 12.7% |
| Recurring financial charges65 | €1,214 | €1,369 | ▲ 12.7% |
| Profit (loss) for the period before taxes9903 | €26,248 | €12,319 | ▼ 53.1% |
| Income taxes67/77 | €6,774 | €2,962 | ▼ 56.3% |
| Profit (loss) for the period9904 | €19,473 | €9,357 | ▼ 52.0% |
| Profit (loss) for the period to be appropriated9905 | €19,473 | €9,357 | ▼ 52.0% |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €64,442 | €75,845 | ▲ 17.7% |
| Fixed assets21/28 | €31,677 | €28,435 | ▼ 10.2% |
| Intangible fixed assets21 | €1 | €1 | ▼ 11.5% |
| Tangible fixed assets22/27 | €30,326 | €27,085 | ▼ 10.7% |
| Plant, machinery and equipment23 | €2,059 | €4,380 | ▲ 113% |
| Furniture and vehicles24 | €28,267 | €21,778 | ▼ 23.0% |
| Other tangible fixed assets26 | - | €927 | - |
| Financial fixed assets28 | €1,350 | €1,350 | = |
| Current assets29/58 | €32,765 | €47,410 | ▲ 44.7% |
| Amounts receivable within one year40/41 | €22,055 | €31,087 | ▲ 41.0% |
| Trade receivables40 | €16,892 | €22,669 | ▲ 34.2% |
| Other amounts receivable41 | €5,163 | €8,419 | ▲ 63.1% |
| Cash at bank and in hand54/58 | €10,324 | €16,036 | ▲ 55.3% |
| Deferred charges and accrued income490/1 | €386 | €286 | ▼ 25.8% |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €64,442 | €75,845 | ▲ 17.7% |
| Equity10/15 | €22,973 | €32,330 | ▲ 40.7% |
| Contributions10/11 | €3,500 | €3,500 | = |
| Reserves13 | €19,473 | €28,830 | ▲ 48.0% |
| Distributable reserves133 | €19,473 | €28,830 | ▲ 48.0% |
| Amounts payable17/49 | €41,469 | €43,515 | ▲ 4.9% |
| Amounts payable after more than one year17 | €3,700 | €11,613 | ▲ 214% |
| Financial debts170/4 | €3,700 | €11,613 | ▲ 214% |
| Amounts payable within one year42/48 | €37,769 | €31,902 | ▼ 15.5% |
| Current portion of amounts payable after more than one year42 | €2,015 | €8,977 | ▲ 345% |
| Trade debts44 | €23,783 | €11,102 | ▼ 53.3% |
| Suppliers440/4 | €23,783 | €11,102 | ▼ 53.3% |
| Taxes, remuneration and social security45 | €7,905 | €11,823 | ▲ 49.6% |
| Taxes450/3 | €7,905 | €10,305 | ▲ 30.4% |
| Remuneration and social security454/9 | - | €1,517 | - |
| Other amounts payable47/48 | €4,065 | €0 | ▼ 100% |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | €19,473 | €9,357 | ▼ 52.0% |
| + Depreciation and write-downs630 | €3,548 | €7,044 | ▲ 98.5% |
| Operating cash flow (approximation) | €23,021 | €16,401 | ▼ 28.8% |
| Investment in fixed assets (approximation) | - | -€3,803 | - |
| Change in cash | - | €5,712 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 39,278 companies had the same profile as TT-Sunprojects has now. Two years later, 95.8% were still going and 1.8% had gone bankrupt.
- Micro
- 2 to 5 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
Another 0.1% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of TT-Sunprojects itself: 2.1% within 12 months.
Test of the method
The method was tested on the 497,446 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 39,278 companies, not a prediction for TT-Sunprojects. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Board & ownership
Directors
Owners and capital
Shareholders
- TURPYN Thybo sole founder · 100% at incorporation
Capital transactions
- 13-07-2023 Incorporation · 100 shares
Articles of association
- Board ruleThese rules set how the board is made up, meets and takes decisions.
- At least 1 director1 director
Articles of association, deed of 13-07-2023 (in Dutch)
Network & group
TT-Sunprojects shares no director with another company.
Connections & network
1 current directorThe network starts from the directors of TT-Sunprojects. Every other company they run is a node.
Timeline
Deeds, filings and financial milestones
02-01
Gazette deed
Registered office moved from Wervik to MenenNew registered office: Bruggestraat 535, 8930 Menen · Previous registered office: Kapelletjesweg 4, 8940 Wervik4 points ▸
- Board meeting, 11-12-2024
- Registered-office move, Bruggestraat 535, 8930 Menen
- Power of attorney, BV GEVIMAR
- Director in office, Another Vision BV
- The deed holds 1 more point.
13-07
Gazette deed
IncorporationFounder: TURPYN Thybo · 100 shares · Appointment: TURPYN Thybo (director)5 points ▸
- Incorporation, 07-07-2023
- Founder, TURPYN Thybo
- 100 shares
- Registered office clause, Kapelletjesweg 4
- Director appointment, TURPYN Thybo (director (not named in the articles))
- The deed holds 2 more points.
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Register details
Identity
KBO recordRegistered office and establishments
1 former office
- Kapelletjesweg 4, 8940 Wervik until 01-01-2025 · deed of 02-01-2025
Activities
NACEBEL 2025Codes under NACEBEL 2008
23 activities
- Installatie van stores en zonneschermen
- Installatie van lichtreclames en uithangborden
- Installatie van liften en roltrappen
- Schrijnwerk
- Montage van buiten- en binnenschrijnwerk van hout,kunststof of metaal:deuren,vensters,kozijnen,trappen,muurkasten,inbouwkeukens,winkelinrichting,enzovoort.
- Installatie van al dan niet verplaatsbare tussenwanden,bekleding van wanden,plafonds,enzovoort in hout,kunststof of metaal
- Installatie van garagepoorten,luiken,zonneblinden,traliewerk,hekken,enzovoort in hout,kunststof of metaal
- Installatie van geblindeerde deuren en brandwerende deuren in hout,kunststof of metaal
- Montage van serres,veranda’s,enzovoort in hout,kunststof of metaal
- Installatie van binnendeuren,scheidingswanden,enzovoort van glas
- Plaatsen van tussenwanden van gipsplaten
- Plaatsen van vloerbedekking en wandbekleding
- Handelsbemiddeling in hout,bouwmaterialen,garagepoorten,luiken,zonneblinden,traliewerk,hekken,enzovoort
- Handelsbemiddeling in elektrische en elektronische materalen
- Handelsbemiddeling gespecialiseerd in andere goederen
- Handelsbemiddeling in goederen,algemeen assortiment
- Groot- en kleinhandel in dekzeilen,hoezen,parasols,zonneschermen,enzovoort
- Groot- en kleinhandel in elektrisch materiaal,inclusief installatiemateriaal
- Groot- en kleinhandel in bouwmaterialen,algemeen assortiment
- Groot- en kleinhandel in overgordijnen
- Overige detailhandel in nieuwe artikelen in gespecialiseerde winkels,n.e.g.
- Ontwerpen en plaatsen van buitenreclame:reclameborden en–panelen,lichtkranten en neonreclame,aanbrengen van reclame op bussen,enzovoort
- Reparatie van huishoudapparaten en van werktuigen voor gebruik in huis en tuin
Invoicing and payment
Check the withholding obligation If you pay this company for building or cleaning work, check before every payment whether you must withhold part of the invoice. Use the enterprise number 0803.806.534
Financial year and general meeting
Accounts at the NBBSites & property
Buildings and parcels at the address
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 34372B0150/00Z000 | Flanders | 1,071 m² | 1 · 231 m² | 8.5 m · 1 |