TUGRA
ActiveThe computed 12-month bankruptcy probability of TUGRA is 1.7% (moderate). The 2024 annual accounts show equity of €182k and a net result of €53k. Equity is growing by ~142% per year across the filed fiscal years. Its solvency ranks better than 38% of 15868 sector peers (fiscal year 2024). The company has been active since 2015 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
57
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability77=
Solvency49▲+7
Growth78=
Track record100
Bankruptcy probability, 12 months
1.7%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €10k at 30 days acceptable
Liquidity tight (current ratio 1.42 against 1.31 in 2023; short-term debt: 43.3% and cash: 10.2% of total assets), and 75.8% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Sector 46
higher
← fewer bankruptcies
more bankruptcies →
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
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 17-07-2025, 14 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
14 d early
2023
5 d early
2022
68 d late
2021
18 d late
2020
61 d late
2019
35 d early
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€53k▲ 1.4%
2023 · €52k
2018: €7k
2019: €5k
2020: €1k
2021: €31k
2022: €40k
2023: €52k
2018 → 2024
Working capital
€137k▲ 27.4%
2023 · €108k
2018: €-5k
2019: €3k
2020: €3k
2021: €7k
2022: €53k
2023: €108k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€6k-€38k▲ 479%€78k▲ 107%€129k▲ 66.7%€182k▲ 40.6%
Operating result€2k-€32k▲ 1,526%€44k▲ 36.9%€75k▲ 69.6%€86k▲ 13.5%
Net result€1k-€31k▲ 2,990%€40k▲ 29.2%€52k▲ 29.1%€53k▲ 1.4%
Result per fiscal year
Operating resultNet result
The operating result has risen four years in a row; 2024 is 14% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €753k
Fixed assets
€290k▼ 6.4%
Current assets
€463k▲ 2.1%
Equity and liabilities €753k
Equity
€182k▲ 40.6%
Debt
€571k▼ 9.9%
The debt ratio falls from 83.0% to 75.8%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€115k▲
2023 · €86k
Cash flow
€82k▲
2023 · €62k
Solvency
24.2%▲
2023 · 17.0%
Current ratio
1.42▲
2023 · 1.31
Quick ratio
1.02▲
2023 · 0.92
Debt / equity
3.14▼
2023 · 4.90
ROE
28.9%▼
2023 · 40.0%
ROA
7.0%▲
2023 · 6.8%
Interest coverage
7.13▼
2023 · 7.98
Debt
€571k▼
2023 · €634k
Debt ≤ 1 year
€326k▼
2023 · €346k
Debt > 1 year
€245k▼
2023 · €288k
Income taxes
€17k▲
2023 · €13k
Staff costs
€21k▼
2023 · €61k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€763k€753k▼
Fixed assets21/28€310k€290k▼
Tangible fixed assets22/27€305k€285k▼
Land and buildings22€202k€199k▼
Furniture and vehicles24€102k€81k▼
Other tangible fixed assets26€1k€6k▲
Financial fixed assets28€5k€5k=
Current assets29/58€453k€463k▲
Stocks and contracts in progress3€134k€132k▼
Stocks30/36€134k€132k▼
Amounts receivable within one year40/41€280k€252k▼
Trade receivables40€280k€252k▼
Other amounts receivable41€23€672▲
Cash at bank and in hand54/58€36k€76k▲
Deferred charges and accrued income490/1€3k€2k▼
Equity and liabilities
Total equity and liabilities10/49€763k€753k▼
Equity10/15€129k€182k▲
Contributions10/11€25k€25k=
Outside capital11€25k-
Other1109/19€25k-
Reserves13€3k€3k=
Non-distributable reserves130/1€3k€3k=
Reserves not available under the articles1311€3k€3k=
Profit (loss) carried forward14€102k€154k▲
Amounts payable17/49€634k€571k▼
Amounts payable after more than one year17€288k€245k▼
Financial debts170/4€288k€245k▼
Amounts payable within one year42/48€346k€326k▼
Current portion of amounts payable after more than one year42€141k€196k▲
Trade debts44€162k€128k▼
Suppliers440/4€162k-
Bills of exchange payable441-€128k
Taxes, remuneration and social security45€15k€2k▼
Taxes450/3€5k€2k▼
Remuneration and social security454/9€10k€222▼
Other amounts payable47/48€28k€5▼
Income statement
Code20232024
Remuneration, social security and pensions62€61k€21k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€11k€29k▲
Other operating charges640/8€7k€8k▲
Gross operating margin9900€153k€144k▼
Operating profit (loss)9901€75k€86k▲
Financial income75/76B€0€1▲
Recurring financial income75€0€1▲
Financial charges65/66B€11k€16k▲
Recurring financial charges65€11k€16k▲
Profit (loss) for the period before taxes9903€65k€69k▲
Income taxes67/77€13k€17k▲
Profit (loss) for the period9904€52k€53k▲
Profit (loss) for the period to be appropriated9905€52k€53k▲
Appropriation of the result
Profit (loss) to be appropriated9906€104k€154k▲
Profit (loss) brought forward from the previous period14P€53k€102k▲
Transfer to equity691/2€3k€0▼
To the legal reserve6920€3k€0▼
The notes to these accounts (9 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
17-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Highest result since 2018net €53k ▲1.4%
Operating result €86k, net result €53k, both a record.
31-12
Financial
Equity above €150kEq €182k ▲40.6%
7 profitable years in a row build equity to €182k.
26-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Equity above €100kEq €129k ▲66.7%
6 profitable years in a row build equity to €129k.
07-10
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 68 days late
2022
18-08
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 18 days late
2021
30-09
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 61 days late
2020
31-12
Financial
Weakest financial yearnet €1k ▼80.5%
Net result drops to €1k, the lowest in the series; recovery starts the following year.
26-06
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 30 days late
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 31 days late
2017
23-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 23 days late
2016
27-09
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 58 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
9 acts for this company are 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, Schaarbeek · 2 establishment units since 2015
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.
Grote Bosstraat 1411030 SchaarbeekGround area
6,012 m²
Building footprint
3,379 m²
Volume, LiDAR
1,803 m³
2 parcels, Brussels, Flanders · tallest building 18.6 m, ±1 floor. Linked by address, not a title deed.
2 establishment units
TUGRA
since 20152.238.614.005
TUGRA
since 20252.379.725.645
2 parcels
Flanders
1
(50%)
Brussels
1
(50%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23051B0142/00R000 | Flanders | 5,641 m² | 1 · 3,009 m² | - |
| 21906D0055/00X004 | Brussels | 370 m² | 1 · 370 m² | 18.6 m · 1 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels 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
1 siteSchaarbeek2.238.614.005
Dual-learning approval
3 endedSimilar companies · same sector, comparable size
ALIENOR
BE 0433.095.003
Sint-Niklaas · Eq €182k
Enigma
BE 0642.753.969
Heusden-Zolder · Eq €181k
CENTER COURT
BE 0462.376.630
Oosterzele · Eq €181k
UCG
BE 0537.926.960
Dilbeek · Eq €183k
LA RIOJANA
BE 0473.984.164
Merelbeke-Melle · Eq €181k
Of 1,581 companies in sector 46349 we hold annual accounts for 987. 718 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded20-01-2015
Fiscal year end31-12
Activities, NACEBEL
46349Wholesale of beverages, general range
46900Non-specialised wholesale trade
47252Retail sale of beverages, general range
Sources
Crossroads Bank for EnterprisesNational Bank · 10 filingsAddress and cadastre registers
Data from official sources, last processed on 21-09-2026. Scores and ratios are computed by Checked and are not a credit decision.