TUAVIA
ActiveSummary
TUAVIA has been active since 1981 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €773,141 and a net result of €183,818. Equity is shrinking by ~7.6% per year across the filed fiscal years. The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability65▼-10
Solvency38▲+3
Growth58=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €45,000 at 30 days acceptable
Liquidity tight (current ratio 1.09 against 1.06 in 2023; short-term debt: 73.7% and cash: 5.7% of total assets), and 87.3% of the assets are financed with debt.
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Retail trade (NACE 47)
about 45% more bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
12.7%
Return on assets
3%
Age of the figures
21 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 22-06-2026, 39 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
39 d early
2024
25 d late
2023
13 d late
2022
34 d early
2021
33 d late
2020
4 d early
2019
31 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 4 days after the deadline; the sector median for financial year 2024 is on the deadline day, and 47% of the sector filed late.
Checked, nothing found (2)
neutral · 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. Usually files around 14 August (4 of the last 5 filed years within 48 days of that day).
Companies Code · seven monthsPosition in the running window
29-09-2026 today31-12-2026 close31-07-2027 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Is the workforce growing, and do people stay?Employer check Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check How does this company compare with its sector?Sector benchmark
Is this your company? See how customers and banks see it.
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2024, abbreviated schema
In the rankings
#2 employer in Eupen, Wholesale and retail trade sector#6 company by total assets in Eupen, Wholesale and retail trade sector#8 oldest company in Eupen, Wholesale and retail trade sector
Turnover
€5.0m
EBIT margin
3.7%
Net result
€183,818▼ 37.8%
2023 · €295,439
Working capital
€422,274▲ 67.2%
2023 · €252,520
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 47, Retail trade, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Turnover€5.0m
Operating result-€46,681▲ 67.2%-€111,103▼ 138%-€277,233▼ 150%€298,359€185,452▼ 37.8%
Net result-€51,954below the sector's middle half▲ 64.5%-€113,958below the sector's middle half▼ 119%-€279,729below the sector's middle half▼ 145%€295,439above the sector's middle half€183,818above the sector's middle half▼ 37.8%
EBIT margin3.7%
Equity€687,571above the sector's middle half▼ 7.0%€573,613within the sector's middle half▼ 16.6%€293,884within the sector's middle half▼ 48.8%€589,323within the sector's middle half▲ 101%€773,141above the sector's middle half▲ 31.2%
Total assets€3.9mabove the sector's middle half▲ 142%€3.9mabove the sector's middle half▼ 1.8%€4.4mabove the sector's middle half▲ 14.4%€5.8mabove the sector's middle half▲ 31.1%€6.1mabove the sector's middle half▲ 4.8%
Debt€3.2m▲ 265%€3.3m▲ 1.3%€4.1m▲ 25.4%€5.2m▲ 26.2%€5.3m▲ 1.8%
Working capital€309,394within the sector's middle half▲ 8.7%€262,796within the sector's middle half▼ 15.1%-€608,938below the sector's middle half€252,520within the sector's middle half€422,274within the sector's middle half▲ 67.2%
Solvency17.5%within the sector's middle half▼ 28.0pp14.9%within the sector's middle half▼ 2.6pp6.7%below the sector's middle half▼ 8.2pp10.2%below the sector's middle half▲ 3.5pp12.7%below the sector's middle half▲ 2.6pp
Current ratio1.11within the sector's middle half▼ 0.501.09within the sector's middle half▼ 0.020.84below the sector's middle half▼ 0.251.06within the sector's middle half▲ 0.221.09within the sector's middle half▲ 0.04
Return on assets (ROA)-1.3%below the sector's middle half▲ 7.7pp-3.0%below the sector's middle half▼ 1.6pp-6.3%below the sector's middle half▼ 3.4pp5.1%within the sector's middle half▲ 11.4pp3.0%within the sector's middle half▼ 2.1pp
Staff (FTE)53above the sector's middle half▲ 1.9%56above the sector's middle half▲ 5.7%54above the sector's middle half▼ 3.6%56.4above the sector's middle half▲ 4.4%65.8above the sector's middle half▲ 16.7%
above
within
below
the middle half (P25 to P75) of NACE 47, Retail trade, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result falls in 2024; 2024 is 38% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €6.1m
Fixed assets
€1.2m ▼ 2.4%
Current assets
€4.9m ▲ 6.7%
Equity and liabilities €6.1m
Equity
€773,141 ▲ 31.2%
Debt
€5.3m ▲ 1.8%
Debt's share of the balance-sheet total falls from 89.8% to 87.3%. Equity and debt are higher.
Key figures and ratios
EBITDA
€395,853▼
2023 · €500,079
Cash flow
€394,219▼
2023 · €497,159
Debt to equity
6.85▼
2023 · 8.83
ROE
23.8%▼
2023 · 50.1%
Interest coverage
132.93▼
2023 · 171.23
Debt ≤ 1 year
€4.5m▲
2023 · €4.3m
Debt > 1 year
€824,032▼
2023 · €867,312
Income taxes
€84
Staff costs
€4.1m▲
2023 · €3.4m
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 733 companies that looked in July 2024 the way this one looks now, 1.0% went bankrupt within 24 months and 97% are still going.
- Medium-sized
- 20 years or older
- solvency 10 to 30%
- a profit under 5% of the balance sheet
1.0%
went bankrupt
1.4%
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 bankruptcy probability of 0.1% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,338 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.9% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
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 733 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
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Operating income70/76A | - | - | - | - | €5.2m | - |
| Turnover70 | - | - | - | - | €5.0m | - |
| Other operating income74 | - | - | - | - | €122,029 | - |
| Operating charges60/66A | - | - | - | - | €5.0m | - |
| Goods for resale, raw materials and consumables60 | - | - | - | - | €229,495 | - |
| Purchases600/8 | - | - | - | - | €229,495 | - |
| Services and other goods61 | - | - | - | - | €404,830 | - |
| Remuneration, social security and pensions62 | - | €2.8m | €3.0m | €3.4m | €4.1m | ▲ 21.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €171,870 | €169,609 | €181,386 | €201,720 | €210,401 | ▲ 4.3% |
| Other operating charges640/8 | - | €1,026 | €764 | €404 | €346 | ▼ 14.3% |
| Non-recurring operating charges66A | - | - | - | - | €4,988 | - |
| Gross operating margin9900 | €2.8m | €2.8m | €2.9m | €3.9m | - | - |
| Operating profit (loss)9901 | -€46,681 | -€111,103 | -€277,233 | €298,359 | €185,452 | ▼ 37.8% |
| Financial income75/76B | - | - | - | - | €1,428 | - |
| Recurring financial income75 | - | - | - | - | €1,428 | - |
| Income from financial fixed assets750 | - | - | - | - | €1,428 | - |
| Financial charges65/66B | - | €2,855 | €2,496 | €2,920 | €2,978 | ▲ 2.0% |
| Recurring financial charges65 | €5,273 | €2,855 | €2,496 | €2,920 | €2,978 | ▲ 2.0% |
| Other financial charges652/9 | - | - | - | - | €2,978 | - |
| Profit (loss) for the period before taxes9903 | -€51,954 | -€113,958 | -€279,729 | €295,439 | €183,902 | ▼ 37.8% |
| Income taxes67/77 | - | - | - | - | €84 | - |
| Taxes670/3 | - | - | - | - | €84 | - |
| Profit (loss) for the period9904 | -€51,954 | -€113,958 | -€279,729 | €295,439 | €183,818 | ▼ 37.8% |
| Profit (loss) for the period to be appropriated9905 | -€51,954 | -€113,958 | -€279,729 | €295,439 | €183,818 | ▼ 37.8% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €3.9m | €3.9m | €4.4m | €5.8m | €6.1m | ▲ 4.8% |
| Fixed assets21/28 | €732,921 | €608,299 | €1.3m | €1.2m | €1.2m | ▼ 2.4% |
| Tangible fixed assets22/27 | €731,911 | €607,289 | €1.3m | €1.2m | €1.2m | ▼ 2.4% |
| Land and buildings22 | - | €550,324 | €1.2m | €1.1m | €1.0m | ▼ 7.1% |
| Plant, machinery and equipment23 | - | €5,582 | €6,301 | €38,715 | €58,249 | ▲ 50.5% |
| Furniture and vehicles24 | - | €51,383 | €73,128 | €82,387 | €110,940 | ▲ 34.7% |
| Financial fixed assets28 | €1,010 | €1,010 | €1,010 | €1,010 | €1,010 | = |
| Affiliated companies280/1 | - | - | - | - | €1,010 | - |
| Participating interests280 | - | - | - | - | €1,010 | - |
| Current assets29/58 | €3.2m | €3.3m | €3.1m | €4.6m | €4.9m | ▲ 6.7% |
| Amounts receivable within one year40/41 | €2.4m | €2.4m | €2.4m | €3.5m | €4.3m | ▲ 21.4% |
| Trade receivables40 | - | €92,756 | €95,418 | €111,989 | €126,250 | ▲ 12.7% |
| Other amounts receivable41 | - | €2.3m | €2.3m | €3.4m | €4.2m | ▲ 21.7% |
| Current investments50/53 | €132,422 | €232,422 | €0 | - | €251,351 | - |
| Cash at bank and in hand54/58 | €708,211 | €648,218 | €682,990 | €1.1m | €348,687 | ▼ 66.9% |
| Deferred charges and accrued income490/1 | - | €4,776 | €22,128 | €7,446 | €14,107 | ▲ 89.5% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €3.9m | €3.9m | €4.4m | €5.8m | €6.1m | ▲ 4.8% |
| Equity10/15 | €687,571 | €573,613 | €293,884 | €589,323 | €773,141 | ▲ 31.2% |
| Contributions10/11 | - | - | - | €293,884 | €589,323 | ▲ 101% |
| Capital10 | - | - | - | - | €589,323 | - |
| Profit (loss) carried forward14 | -€51,954 | -€113,958 | -€279,729 | €295,439 | €183,818 | ▼ 37.8% |
| Amounts payable17/49 | €3.2m | €3.3m | €4.1m | €5.2m | €5.3m | ▲ 1.8% |
| Amounts payable after more than one year17 | €354,592 | €297,482 | €420,936 | €867,312 | €824,032 | ▼ 5.0% |
| Financial debts170/4 | - | €28,910 | €18,486 | €29,884 | €16,420 | ▼ 45.1% |
| Leasing and similar obligations172 | - | - | - | - | €16,420 | - |
| Other amounts payable178/9 | - | €268,572 | €402,450 | €837,428 | €807,612 | ▼ 3.6% |
| Amounts payable within one year42/48 | €2.9m | €3.0m | €3.7m | €4.3m | €4.5m | ▲ 3.2% |
| Current portion of amounts payable after more than one year42 | - | €13,546 | €10,424 | €16,601 | €13,463 | ▼ 18.9% |
| Financial debts43 | - | €2.6m | €3.3m | €3.9m | €4.0m | ▲ 1.5% |
| Other loans439 | - | €2.6m | €3.3m | €3.9m | €4.0m | ▲ 1.5% |
| Trade debts44 | €27,479 | €25,234 | €19,515 | €25,304 | €19,772 | ▼ 21.9% |
| Suppliers440/4 | - | €25,234 | €19,515 | €25,304 | €19,772 | ▼ 21.9% |
| Taxes, remuneration and social security45 | - | €318,583 | €356,094 | €396,491 | €486,295 | ▲ 22.6% |
| Remuneration and social security454/9 | - | €318,583 | €356,094 | €396,491 | €486,295 | ▲ 22.6% |
| Accrued charges and deferred income492/3 | - | €0 | €0 | - | €30 | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€51,954 | -€113,958 | -€279,729 | €295,439 | €183,818 | ▼ 37.8% |
| + Depreciation and write-downs630 | €171,870 | €169,609 | €181,386 | €201,720 | €210,401 | ▲ 4.3% |
| Operating cash flow (approximation) | €119,916 | €55,651 | -€98,343 | €497,159 | €394,219 | ▼ 20.7% |
| Investment in fixed assets (approximation) | - | -€44,987 | -€896,845 | -€82,077 | -€181,215 | ▼ 121% |
| Change in cash | - | -€59,993 | €34,772 | €370,977 | -€705,280 | ▼ 290% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
22-06
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
27-05
State Gazette act
Withdrawal: Erich Schröder (member)1 fact ▸
State Gazette act
Withdrawal: Erich Schröder (member)
1 fact ▸
- Member resignation, Erich Schröder
2025
25-08
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 25 days late
2024
13-08
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 13 days late
2023
31-12
Financial
Back to profitnet €295,439
Net result €295,439 after 5 loss-making years.
31-12
Financial
Equity above €500,000Eq €589,323 ▲101%
Equity rises from €293,884 to €589,323.
27-06
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
31-12
Financial
Weakest financial yearnet -€279,729
Net result drops to -€279,729, the lowest in the series; recovery starts the following year.
02-09
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 33 days late
2021
27-07
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
31-08
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 31 days late
2019
25-06
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
12-07
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
22-06
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 10 acts read
About the unread acts
Of the 10 Belgian State Gazette acts we know for this company, 1 has been read. The other 9 have 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
10 acts for this company are in the Belgian State Gazette, of which we have read 1. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Eupen · 5 establishment units since 1981
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Ettersten 24700 EupenGround area
1,518 m²
Building footprint
1,660 m²
Volume, LiDAR
19,717 m³
Parcel 63004B0057/00S002, Wallonia · tallest building 19.5 m, ±4 floors. Linked by address, not a title deed.
5 establishment units
Königin Fabiola Haus
since 19812.138.428.049
Tagesstätte am Garnstock
since 19812.138.428.148
Tagesstätte Raeren
since 19812.138.428.247
Biber
since 20212.315.181.350
Werthatelier
since 20252.371.514.002
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 63004B0057/00S002 | Wallonia | 1,518 m² | 1 · 1,660 m² | 19.5 m · 4 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Food safety, FASFC
4 sitesBaelen (Lg.)2.138.428.148
Raeren2.138.428.247
Bütgenbach/Butgenbach2.315.181.350
Eupen2.138.428.049
Similar companies · same sector, comparable size
TANAÏS
BE 0421.972.863
Verviers · Eq €765,456
GARUDA
BE 0440.478.681
Menen · Eq €724,713
BRUGES TRADING
BE 0885.942.966
Brugge · Eq €832,248
AJMARN
BE 0550.498.556
Sint-Joost-ten-Node · Eq €717,350
BROOMCORNER
BE 0829.849.846
Watermaal-Bosvoorde · Eq €848,257
Of 1,394 companies in sector 47784 we hold annual accounts for 429. 210 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formNon-profit association
Founded06-05-1981
Fiscal year end31-12
Activities, NACEBEL 2025
47784Retail sale of souvenirs and religious articles
88993Social work activities without accommodation
16282Manufacture of wood and of products of wood and cork, except furniture; manufacture of articles of straw and plaiting materials
47781Retail sale of solid, liquid and gaseous fuels, excluding motor fuels
56210Event catering
56301Cafés and bars
90201Performing arts by independent artists
E-invoicing
Reachable via Peppol
Peppol ID
0208:0421904369
Also
9925:BE0421904369
Registered
04-11-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.