TULDERHEYDE
ActiveSummary
TULDERHEYDE 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 4556 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability44▼-38
Solvency47▼-26
Growth68▼-10
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €90k 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 check for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Real estate activities (NACE 68)
about 43% fewer bankruptcies
← 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
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
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 →
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.
Companies Code · seven monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
€956k▲ 68.8%
2024 · €566k
2024: €566k
2025: €956k▲ +68.8% vs 2024
2024 → 2025
EBIT margin
-16.9%▼ 46.1pp
2024 · 29.2%
2024: 29.2%
2025: -16.9%▼ -158% vs 2024
2024 → 2025
Net result
€-231k
2024 · €120k
2018: €89k
2019: €99k▲ +11.0% vs 2018
2020: €86k▼ -12.9% vs 2019
2021: €143k▲ +66.4% vs 2020
2022: €176k▲ +22.4% vs 2021
2023: €219k▲ +24.6% vs 2022highest in 8 years
2024: €120k▼ -45.1% vs 2023
2025: €-231k▼ -293% vs 2024lowest in 8 years
2018 → 2025
Working capital
€-169k
2024 · €229k
2018: €-288klowest in 8 years
2019: €-246k▲ +14.6% vs 2018
2020: €-270k▼ -9.7% vs 2019
2021: €-213k▲ +20.9% vs 2020
2022: €-150k▲ +29.8% vs 2021
2023: €-138k▲ +7.9% vs 2022
2024: €229k▲ +266% vs 2023highest in 8 years
2025: €-169k▼ -174% vs 2024
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€566k€956k▲ 68.8%
2024: €566k
2025: €956k▲ +68.8% vs 2024
Equity€1.47M-€1.58M▲ 7.7%€1.62M▲ 2.0%€1.74M▲ 7.4%€1.51M▼ 13.3%
2021: €1.47Mlowest in 5 years
2022: €1.58M▲ +7.7% vs 2021
2023: €1.62M▲ +2.0% vs 2022
2024: €1.74M▲ +7.4% vs 2023highest in 5 years
2025: €1.51M▼ -13.3% vs 2024
Operating result€201k-€242k▲ 20.4%€296k▲ 22.3%€165k▼ 44.1%€-161k
2021: €201k
2022: €242k▲ +20.4% vs 2021
2023: €296k▲ +22.3% vs 2022highest in 5 years
2024: €165k▼ -44.1% vs 2023
2025: €-161k▼ -197% vs 2024lowest in 5 years
Net result€143k-€176k▲ 22.4%€219k▲ 24.6%€120k▼ 45.1%€-231k
2021: €143k
2022: €176k▲ +22.4% vs 2021
2023: €219k▲ +24.6% vs 2022highest in 5 years
2024: €120k▼ -45.1% vs 2023
2025: €-231k▼ -293% vs 2024lowest in 5 years
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%
Debt's share of the balance-sheet total 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
Current ratio
0.92▼
2024 · 1.22
Debt to 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 ≤ 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 to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 57 lines
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.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | - | - | - | €566k | €956k | ▲ 68.8% |
| Non-recurring operating income76A | €3k | €0 | €21k | - | - | - |
| Goods, raw materials, services and sundry goods60/61 | - | - | - | €214k | €502k | ▲ 135% |
| Remuneration, social security and pensions62 | €-631 | €0 | - | - | €346k | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €38k | €37k | €39k | €166k | €289k | ▲ 74.7% |
| Other operating charges640/8 | €20k | €21k | €22k | €22k | €23k | ▲ 5.3% |
| Non-recurring operating charges66A | - | €3k | €0 | - | - | - |
| Gross operating margin9900 | €258k | €302k | €357k | €353k | €497k | ▲ 40.8% |
| Operating profit (loss)9901 | €201k | €242k | €296k | €165k | €-161k | ▼ 197% |
| Financial income75/76B | €0 | - | - | €21k | - | - |
| Recurring financial income75 | €0 | - | - | €21k | - | - |
| Financial charges65/66B | €6k | €5k | €2k | €44k | €70k | ▲ 59.8% |
| Recurring financial charges65 | €6k | €5k | €2k | €44k | €70k | ▲ 59.8% |
| Profit (loss) for the period before taxes9903 | €195k | €237k | €294k | €142k | €-231k | ▼ 262% |
| Income taxes67/77 | €51k | €62k | €75k | €22k | €192 | ▼ 99.1% |
| Profit (loss) for the period9904 | €143k | €176k | €219k | €120k | €-231k | ▼ 293% |
| Profit (loss) for the period to be appropriated9905 | €143k | €176k | €219k | €120k | €-231k | ▼ 293% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.95M | €1.83M | €1.90M | €3.62M | €6.77M | ▲ 86.8% |
| Fixed assets21/28 | €1.82M | €1.81M | €1.77M | €2.36M | €4.87M | ▲ 107% |
| Tangible fixed assets22/27 | €1.82M | €1.81M | €1.77M | €2.36M | €4.87M | ▲ 107% |
| Land and buildings22 | €1.63M | €1.62M | €1.62M | €1.62M | €3.69M | ▲ 128% |
| Plant, machinery and equipment23 | €182k | €181k | €151k | €736k | €1.16M | ▲ 57.8% |
| Other tangible fixed assets26 | €12k | €9k | €5k | €2k | €20k | ▲ 744% |
| Current assets29/58 | €126k | €17k | €125k | €1.27M | €1.90M | ▲ 49.6% |
| Amounts receivable within one year40/41 | €120k | €10k | €35k | €1.23M | €1.88M | ▲ 52.8% |
| Trade receivables40 | €120k | €10k | €35k | €323k | €1.17M | ▲ 263% |
| Other amounts receivable41 | €0 | - | - | €904k | €703k | ▼ 22.3% |
| Cash at bank and in hand54/58 | €6k | €7k | €90k | €40k | €19k | ▼ 52.6% |
| Deferred charges and accrued income490/1 | - | - | - | - | €1k | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.95M | €1.83M | €1.90M | €3.62M | €6.77M | ▲ 86.8% |
| Equity10/15 | €1.47M | €1.58M | €1.62M | €1.74M | €1.51M | ▼ 13.3% |
| Contributions10/11 | €602k | €602k | €602k | €602k | €602k | = |
| Capital10 | €602k | €602k | €602k | €602k | €602k | = |
| Issued capital100 | €602k | €602k | €602k | €602k | €602k | = |
| Reserves13 | €868k | €982k | €1.01M | €1.13M | €903k | ▼ 20.4% |
| Non-distributable reserves130/1 | €60k | €60k | €60k | €60k | €60k | = |
| Legal reserve130 | €60k | €60k | €60k | €60k | €60k | = |
| Distributable reserves133 | €808k | €921k | €954k | €1.07M | €843k | ▼ 21.6% |
| Profit (loss) carried forward14 | €0 | €0 | €0 | - | - | - |
| Amounts payable17/49 | €477k | €246k | €282k | €1.89M | €5.27M | ▲ 179% |
| Amounts payable after more than one year17 | €137k | €79k | €20k | €830k | €3.20M | ▲ 286% |
| Financial debts170/4 | €137k | €79k | €20k | €830k | €3.20M | ▲ 286% |
| Amounts payable within one year42/48 | €340k | €167k | €263k | €1.04M | €2.07M | ▲ 98.9% |
| Current portion of amounts payable after more than one year42 | €61k | €58k | €59k | €104k | €309k | ▲ 198% |
| Financial debts43 | - | - | - | - | €125k | - |
| Credit institutions430/8 | - | - | - | - | €125k | - |
| Trade debts44 | €296 | €2k | €1k | €42k | €149k | ▲ 256% |
| Suppliers440/4 | €296 | €2k | €1k | €42k | €149k | ▲ 256% |
| Advances received on contracts in progress46 | - | - | - | - | €1.11M | - |
| Taxes, remuneration and social security45 | €32k | €59k | €22k | - | €32k | - |
| Taxes450/3 | €32k | €59k | €22k | - | €192 | - |
| Remuneration and social security454/9 | €0 | - | - | - | €32k | - |
| Other amounts payable47/48 | €247k | €48k | €180k | €893k | €341k | ▼ 61.8% |
| Accrued charges and deferred income492/3 | - | - | - | €19k | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €143k | €176k | €219k | €120k | €-231k | ▼ 293% |
| + Depreciation and write-downs630 | €38k | €37k | €39k | €166k | €289k | ▲ 74.7% |
| Operating cash flow (approximation) | €181k | €212k | €257k | €286k | €58k | ▼ 79.8% |
| Investment in fixed assets (approximation) | - | €-28k | €0 | €-747k | €-2.81M | ▼ 276% |
| Change in cash | - | €182 | €83k | €-50k | €-21k | ▲ 57.4% |
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
03-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
02-03
State Gazette act
Capital & shares · RestructuringMerger · Accounting effect · Capital11 facts ▸
State Gazette act
Capital & shares · Restructuring
Merger · Accounting effect · Capital11 facts ▸
- Board meeting, 04-02-2026
- Merger, fusion by absorption (gelijkgestelde verrichting), 01-01-2026
- Accounting effect, 01-01-2026
- Capital, €602.381,25
- Capital, €126.425,7
- Shareholding, 24300
- Shareholding, 5100
- No new shares, no new shares issued to the shareholder of the absorbed company
- Target date, 31-07-2026
- Statutory amendment, integration of the purpose of the absorbed company into the purpose of the absorbing company pursuant to article 12:55 WVV
- Real-estate declaration, no real estate or real rights
2025
31-12
Financial
Weakest financial yearnet €-231k
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.
1 of 8 acts read
About the unread acts
Of the 8 Belgian State Gazette acts we know for this company, 1 has been read. The other 7 have not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
8 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, Ravels · 1 establishment unit since 1987
Ground 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.
6
companies at this address
See who is registered here
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
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.
Articles of association
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. Het doen bouwen…
Full 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. Het doen bouwen, aankopen en verkopen van bungalows, bouw- en allerhande constructies. 4. Handel in nieuwe en gebruikte kampeervoertuigen zoals caravans, kampeerwagens, enz. 5. Het verlenen aan ondernemingen van adviezen en van iedere medewerking van technische, materiële, financiële, industriële of know-how aard. 6. Het verlenen van leningen of voorschotten met of zonder borgstelling ter uitzondering van verrichtingen voorbehouden aan deposito- of spaarbanken. 7. Rechtstreeks of onrechtstreeks belang nemen in vennootschappen, ondernemingen, groeperingen of organisaties. 8. Zij mag haar onroerende goederen in hypotheek stellen en al haar andere goederen in pand stellen en mag aval verlenen voor alle leningen, kredietopeningen en andere verbintenissen zowel voor haarzelf als voor alle derden. 9. Zij kan de functie van bestuurder of vereffenaar van andere vennootschappen uitoefenen. De vennootschap heeft in het algemeen de volle rechtsbekwaamheid om alle handelingen en verrichtingen te voltrekken die een rechtstreeks of onrechtstreeks verband houden met haar voorwerp of welke van die aard zouden zijn dat zij de verwezenlijking van dit voorwerp, rechtstreeks of onrechtstreeks, geheel of ten dele vergemakkelijken.
Structure & network
Acquisitions and mergers
1 transactionCapital and shareholders
Shareholders according to the acts
Stated in the act
act of 02-03-2026 ↗
- BV ARDEN PARKS BELGIUM (BE 0475.660.482) 24,300 shares
The Belgian State Gazette names shareholders only when an act mentions them; the share register itself is not published.
Capital over the years
- 02-03-2026 Capital stated in the act · 602,381.25 EUR · 24,300 shares
Recognitions · licences · registrations
Food safety, FASFC
1 siteRavels2.031.692.120
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Of 12,020 companies in sector 68203 we hold annual accounts for 5,986. 3,860 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded15-11-1987
Fiscal year end31-12
Activities, NACEBEL 2025
55300Accommodation
68203Renting and operating of own or leased non-residential real estate, excluding land
Scores and ratios are computed by Checked and are not a credit decision.