TULDERHEYDE
ActiveTULDERHEYDE has been active since 1987 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.51M and a net result of €-231k. Equity is growing by ~6% per year across the filed fiscal years. Its solvency ranks better than 35% of 4501 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
59
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability44▼-38
Solvency47▼-26
Growth68▼-10
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €85k at 30 days acceptable
Liquidity short (current ratio 0.92 against 1.22 in 2024; short-term debt: 30.5% and cash: 0.3% of total assets), and 77.8% of the assets are financed with debt.
Credit advice for your own amount and term
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
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
22.2%
Return on assets
-3.4%
Age of the figures
9 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 55
Relative position
BE, all sectors
reference
Sector 55
higher
← fewer bankruptcies
more bankruptcies →
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 03-07-2026, 28 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
28 d early
2024
6 d early
2023
44 d early
2022
56 d early
2021
5 d early
2020
3 d early
2019
14 d early
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
17-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
€956k▲ 68.8%
2024 · €566k
2024: €566k
2024 → 2025
EBIT margin
-16.9%▼ 46.1pp
2024 · 29.2%
2024: 29.2%
2024 → 2025
Net result
€-231k
2024 · €120k
2018: €89k
2019: €99k
2020: €86k
2021: €143k
2022: €176k
2023: €219k
2024: €120k
2018 → 2025
Working capital
€-169k
2024 · €229k
2018: €-288k
2019: €-246k
2020: €-270k
2021: €-213k
2022: €-150k
2023: €-138k
2024: €229k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€566k€956k▲ 68.8%
Equity€1.47M-€1.58M▲ 7.7%€1.62M▲ 2.0%€1.74M▲ 7.4%€1.51M▼ 13.3%
Operating result€201k-€242k▲ 20.4%€296k▲ 22.3%€165k▼ 44.1%€-161k
Net result€143k-€176k▲ 22.4%€219k▲ 24.6%€120k▼ 45.1%€-231k
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €161k after €165k in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €6.77M
Fixed assets
€4.87M▲ 107%
Current assets
€1.90M▲ 49.6%
Equity and liabilities €6.77M
Equity
€1.51M▼ 13.3%
Debt
€5.27M▲ 179%
The debt ratio rises from 52.1% to 77.8%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€128k▼
2024 · €331k
Cash flow
€58k▼
2024 · €286k
Solvency
22.2%▼
2024 · 47.9%
Current ratio
0.92▼
2024 · 1.22
Quick ratio
0.92▼
2024 · 1.22
Debt / equity
3.50▲
2024 · 1.09
ROE
-15.4%▼
2024 · 6.9%
ROA
-3.4%▼
2024 · 3.3%
Interest coverage
1.83▼
2024 · 7.57
Debt
€5.27M▲
2024 · €1.89M
Debt ≤ 1 year
€2.07M▲
2024 · €1.04M
Debt > 1 year
€3.20M▲
2024 · €830k
Income taxes
€192▼
2024 · €22k
Staff costs
€346k
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 · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€3.62M€6.77M▲
Fixed assets21/28€2.36M€4.87M▲
Tangible fixed assets22/27€2.36M€4.87M▲
Land and buildings22€1.62M€3.69M▲
Plant, machinery and equipment23€736k€1.16M▲
Other tangible fixed assets26€2k€20k▲
Current assets29/58€1.27M€1.90M▲
Amounts receivable within one year40/41€1.23M€1.88M▲
Trade receivables40€323k€1.17M▲
Other amounts receivable41€904k€703k▼
Cash at bank and in hand54/58€40k€19k▼
Deferred charges and accrued income490/1-€1k
Equity and liabilities
Total equity and liabilities10/49€3.62M€6.77M▲
Equity10/15€1.74M€1.51M▼
Contributions10/11€602k€602k=
Capital10€602k€602k=
Issued capital100€602k€602k=
Reserves13€1.13M€903k▼
Non-distributable reserves130/1€60k€60k=
Legal reserve130€60k€60k=
Distributable reserves133€1.07M€843k▼
Amounts payable17/49€1.89M€5.27M▲
Amounts payable after more than one year17€830k€3.20M▲
Financial debts170/4€830k€3.20M▲
Amounts payable within one year42/48€1.04M€2.07M▲
Current portion of amounts payable after more than one year42€104k€309k▲
Financial debts43-€125k
Credit institutions430/8-€125k
Trade debts44€42k€149k▲
Suppliers440/4€42k€149k▲
Advances received on contracts in progress46-€1.11M
Taxes, remuneration and social security45-€32k
Taxes450/3-€192
Remuneration and social security454/9-€32k
Other amounts payable47/48€893k€341k▼
Accrued charges and deferred income492/3€19k-
Income statement
Code20242025
Turnover70€566k€956k▲
Goods, raw materials, services and sundry goods60/61€214k€502k▲
Remuneration, social security and pensions62-€346k
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€166k€289k▲
Other operating charges640/8€22k€23k▲
Gross operating margin9900€353k€497k▲
Operating profit (loss)9901€165k€-161k▼
Financial income75/76B€21k-
Recurring financial income75€21k-
Financial charges65/66B€44k€70k▲
Recurring financial charges65€44k€70k▲
Profit (loss) for the period before taxes9903€142k€-231k▼
Income taxes67/77€22k€192▼
Profit (loss) for the period9904€120k€-231k▼
Profit (loss) for the period to be appropriated9905€120k€-231k▼
Appropriation of the result
Profit (loss) to be appropriated9906€120k€-231k▼
Profit (loss) brought forward from the previous period14P€0-
Transfer from equity791/2-€231k
Transfer to equity691/2€120k-
To other reserves6921€120k-
Social balance
Average headcount (FTE)90870.05.1▲
The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
03-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
02-03
State Gazette act
Capital & shares · RestructuringBoard meeting · Merger · Accounting effect13 facts ▸
State Gazette act
Capital & shares · Restructuring
Board meeting · Merger · Accounting effect13 facts ▸
- Board meeting, 2026-02-04
- Merger, fusion by absorption (gelijkgestelde verrichting), 2026-01-01
- Accounting effect, 2026-01-01
- Capital, €602.381,25
- Capital, €126.425,7
- Corporate purpose, 1. Het beheer van patrimonium. 2. Het wijzigen van patrimonium door aan- en verkoop en ruiling. Het verpachten, verhuren, bebossen, ontbossen en verkavelen. 3.…
- Corporate purpose, 1. De uitbating van restaurants, bar, cafés, dancings, tavemen en slijterijen. 2. Oprichten en inrichten en uitbaten van kampeerterreinen, speeltuinen, sportcen…
- Shareholding, 24300
- Shareholding, 5100
- No new shares, no new shares issued to the shareholder of the absorbed company
- Target date, 2026-07-31
- Statutory amendment, integration of the purpose of the absorbed company into the purpose of the absorbing company pursuant to article 12:55 WVV
- +1 further facts in this act
2025
31-12
Financial
Weakest financial yearnet €-231k ▼293%
Net result drops to €-231k, the lowest in the series.
25-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Liquidity triplescurrent ratio 1.22
Current ratio from 0.47 to 1.22.
17-06
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Highest result since 2018net €219k ▲24.6%
Operating result €296k, net result €219k, both a record.
05-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
26-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
28-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
17-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
21-06
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
19-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
20-07
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
no sitting director, no change since 2024
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
11-03-2024
SANNEN Maria Josephina Peter: Resigned as Director
11-03-2024
SANNEN Marie-Thérèse Justina August: Resigned as Director
Location & real-estate footprint
Registered office, Ravels · 1 establishment unit since 1987
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.
Tulderheyde 252382 RavelsGround area
22.0 ha
Building footprint
1,154 m²
Volume, LiDAR
5,206 m³
Parcel 13033C0452/00C006, Flanders · tallest building 6.4 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
Tulderheyde 25, 2382 Ravels
since 19872.031.692.120
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 13033C0452/00C006 | Flanders | 22.0 ha | 1 · 1,154 m² | 6.4 m · 1 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Structure & network
Acquisitions and mergers
1 transactionRecognitions · licences · registrations
Food safety, FASFC
1 siteRavels2.031.692.120
Similar companies · same sector, comparable size
BRASSEUR LOUIS
BE 0427.920.151
Bouillon · Eq €1.50M
LA SOURCE DES AMIS
BE 0885.053.041
Bertrix · Eq €1.52M
CAMPING THALASSA
BE 0432.905.951
Bredene · Eq €1.48M
JAMBOREE
BE 1020.676.758
De Haan · Eq €1.46M
GOOLDERHEIDE
BE 0446.056.280
Bocholt · Eq €1.56M
Of 441 companies in sector 55300 we hold annual accounts for 292. 203 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded15-11-1987
Fiscal year end31-12
Activities, NACEBEL
55300Accommodation
68203Renting and operating of own or leased non-residential real estate, excluding land
70203
Sources
Crossroads Bank for EnterprisesNational Bank · 36 filingsAddress and cadastre registers
Data from official sources, last processed on 15-09-2026. Scores and ratios are computed by Checked and are not a credit decision.