Equity
-€196,811
Debts exceed assets in financial year 2025.
TUBREL
Lifetime
11 annual accounts with figures on one time axispeak €8,881 (2025)
€8,881▲ €12,923
lowest -€48,691 (2015)
€8,191▲ €14,220
peak -€28,691 (2015)
-€196,811▲ €8,191
€215,186▼ 5.6%
Board1 name since 2014
1 directorMurat CAM
Owners2 names in the annual accounts
Documentsfilings and deeds
04-06-202657 days before the deadline
2025micro format
Gross margin from -€4,042 to €8,881Back to profit: €8,191Cash from €9 to €30
Key points
from the 2025 annual accountsTurnover
≈ €76,000 estimated
The micro format states no turnover.
Debts
€215,186 1,171% of the balance sheet
Suppliers 3%Taxes and wages 1%Other 96%
Filings
11 annual accounts since 2015
The 2019 accounts came 52 days late. The other nine of the last ten were filed on time.
At the same address
27 companies
Position in the sector
-1071.1%
Lower solvency than 95% of companies in wholesale trade. Sector median 40.5% · 13,797 companies.
Checked score
55
Fair
Financially stronger than 39% of micro companies in wholesale trade (NACE 46)
Probability in this band: 1.5% to 4.2%
Negative equity caps the score at 59.
Bankruptcy probability within 12 months
0.7% Low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.4% across 26,892 companies (NACE 46, micro).
About 7 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 2.2%highest value
01-2025: 2.2%● unchanged vs 12-2024highest value
02-2025: 1.1%▼ -1.1 percentage points vs 01-2025
03-2025: 1.1%● unchanged vs 02-2025
04-2025: 1.2%▲ +0.1 percentage points vs 03-2025
05-2025: 1.1%▼ -0.1 percentage points vs 04-2025
06-2025: 1.1%● unchanged vs 05-2025
07-2025: 2.1%▲ +1.0 percentage point vs 06-2025
08-2025: 2.1%● unchanged vs 07-2025
09-2025: 2.1%● unchanged vs 08-2025
10-2025: 2.1%● unchanged vs 09-2025
11-2025: 2.0%▼ -0.1 percentage points vs 10-2025
12-2025: 2.0%● unchanged vs 11-2025
01-2026: 2.0%● unchanged vs 12-2025
02-2026: 2.0%● unchanged vs 01-2026
03-2026: 2.1%▲ +0.1 percentage points vs 02-2026
04-2026: 2.1%● unchanged vs 03-2026
05-2026: 1.9%▼ -0.2 percentage points vs 04-2026
06-2026: 1.8%▼ -0.1 percentage points vs 05-2026
07-2026: 0.7%▼ -1.1 percentage points vs 06-2026lowest value
08-2026: 0.7%● unchanged vs 07-2026lowest value
09-2026: 0.7%● unchanged vs 08-2026lowest value
10-2026: 0.7%● unchanged vs 09-2026lowest value
11-2026: 0.7%● unchanged vs 10-2026lowest value
Financial strengthWeak
Score breakdown
raises risk
Capped at 59: negative equity
Negative equity -€196,811
Liquidity: current ratio 0.09, cash €30
lowers risk
Size: total assets €18,374
Founded in 2014
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 46, micro). It does better than 6% of them on solvency, 2% on liquidity, 95% on profitability and 53% on growth.
The bankruptcy probability was computed on 07-11-2026 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 low class on 30-06-2025, 0.8% 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).
Comparable companies, two years later
In July 2024, 3,632 companies had the same profile as TUBREL has now. Each dot stands for 10 companies, two years later.
91.9%
were still trading
4.8%
stopped another way
2.9%
went bankrupt
Another 0.4% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of TUBREL itself: 0.7% within 12 months.
Test of the method
The method was tested on the 497,447 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 3,632 companies, not a prediction for TUBREL. 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.
Credit verdict
No credit on open account
Liquidity is insufficient, with a current ratio of 0.09 (0.1 in 2024), below 1. Cash is 0.2% of total assets. Equity is negative.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Six signals.
lowers riskraises riskneutral
raises risk · Weak solvency compared with the sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 5% of 13797 sector peers (2025).
NBB · sector comparisonPosition among 13797 sector peers
Solvency
better than 5%
← weakest
strongest →
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 04-06-2026, 57 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
57 days early
2024
42 days early
2023
41 days early
2022
27 days early
2021
3 days early
2020
32 days early
2019
52 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 21 days before the deadline. In the sector (NACE 46), the median for financial year 2024 was 3 days before the deadline, and 39% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 21 June (4 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
08-11-2026 today31-12-2026 year end31-07-2027 deadline
Board and ownership
MC
Murat CAM
Director, since 22-09-2014
- Halil CENGIZ 50%annual accounts 2016
- Murat çAM 50%annual accounts 2016
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0563402922
Registered office moved from Awans to Tinlot
New registered office: Rue sur Haies 7, 4557 TINLOT · Previous registered office: Rue Jean-Lambert Defrêne 107, 4340 Awans · Board meeting of 26-12-2022 · Gazette deed
Registered office moved from Brussels to Awans
New registered office: rue Jean-Lambert Defrêne, 107-4340 AWANS · Previous registered office: rue Arthur Maes 100, 1130 BRUXELLES · Board meeting of 27-08-2021 · Gazette deed
Incorporation
published on 08-10-2014 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| TUBREL Tinlot | €18,374 | €8,881 | -1071.1% | - |
| MISS FASHION Brussels | €28,645 | €6,959 | 69.8% | - |
| PVDE Chaumont-Gistoux | €18,654 | €10,583 | 67.2% | - |
| BRITEX INTERNATIONAL Waterloo | €23,738 | €9,124 | -129.4% | - |
| MNBB Lasne | €35,530 | €8,618 | -54.8% | - |
| Zonhoeve Bilzen-Hoeselt | €33,364 | €17,348 | -25.7% | - |
| AS COLLECTIONS Waterloo | €51,632 | €9,017 | 27.7% | - |
These companies have the same main activity as TUBREL: agents in the wholesale of textiles, clothing, fur, footwear and leather goods (NACE 46160). They are comparable in size and age: total assets between €18,700 and €51,600, founded between 2007 and 2018.
Official details
Source: KBO- Status
- Active since 29-09-2014Normal situation
- Registered office
- 28 active companies are registered at this address2 started in the 12 months before. Source: KBO register, as of 8 November 2026.
- Activity
- Agents in the wholesale of textiles, clothing, fur, footwear and leather goodsNACE 46160and 1 other
- Establishment unit
- 2.303.557.285since 29-09-2014
- Financial year end
- 31 December
- Peppol
- Reachable since 19-08-2025
Annual accounts 2025
- €18,374▼ 20.3%
- Filing
- Filed on 04-06-2026, 57 days before the end of the filing period
Insights on TUBREL
TUBREL files the micro format. That format states no turnover. The gross margin rose from -€43,325 in 2015 to €8,881 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about TUBREL
- What is the company number of TUBREL?
- The company number of TUBREL is 0563.402.922. The VAT number is the same number with BE in front: BE 0563.402.922.
- Where is TUBREL based?
- The registered office is at Rue Sur Haies 7, 4557 Tinlot.Company details
- What does TUBREL do?
- According to the KBO register, the main activity is agents in the wholesale of textiles, clothing, fur, footwear and leather goods (NACE 46160).
- What is the legal form of TUBREL?
- TUBREL is a private limited company (pre-2019) (BVBA).
- When was TUBREL founded?
- TUBREL was founded on 29-09-2014.
- Is TUBREL still active?
- Yes, TUBREL is an active enterprise in the KBO register.
- What is the turnover of TUBREL?
- The turnover in financial year 2025 is ≈ €76,000. This figure is estimated from the gross margin of €8,881 and 71 comparable companies (NACE 461). It probably lies between €34,000 and €140,000. It is a rough estimate.Financials
- Is TUBREL profitable?
- In financial year 2025, TUBREL made a profit of €8,191.
- Where can I find the annual accounts of TUBREL?
- TUBREL filed 11 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of TUBREL due?
- TUBREL must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
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