TULING
ActiveSummary
The annual accounts of TULING for financial year 2025 show a net loss of 53% of the equity at the start of that year. The 2025 annual accounts show equity of €171,458 and a net result of -€190,397. Equity is growing by about 9.5% per year across the filed financial years. The company has been active since 2008 and the Belgian Official Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 0.3% (very low).
Overview
- Equity
- €171,458
- Loss
- -€190,397
- Holdings
- 1
- STUYCK Jacobus Matheus PetrusDirector
- STUYCK JulesDirector
Why 54raises riskCapped at 59: a net loss of at least half of total assets or of the equity at the start of the financial yearLoss of €190,397, the second in a row (financial year 2025)Equity €171,458 (17.9% of total assets)lowers riskSize: total assets €958,527Figures for financial year 2025 (filed 12-07-2026)Show the evidence
Checked score
About 3 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
How it is calculated
The band follows from the bankruptcy probability, on a scale where 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 (no NACE code, micro): better than 27% on solvency, 64% on liquidity, 4% on profitability and 9% on growth.
The bankruptcy probability was computed on 29-10-2026 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.
Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).
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Signals
This company filed its last 7 accounts on average 15 days before the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
Searched, nothing found (2)
- Annual accounts filedfinancial year 2025 · abbreviated…
- Weakest financial yearnet -€190,397
- Liquidity more than 5 timescurrent ratio 2.18
Financials · financial year 2025, abbreviated format
2021 to 2025, 5 financial years 2018 to 2025, 8 financial years
The operating result stays negative: a loss of €109,330 in 2025 against €97,580 in 2024; the loss grows and 2025 has the lowest result in the available series.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Average staff in full-time equivalents (FTE).
Use the arrow keys on the chart for the figures per year.
Peer companies
Historical observationOf the 180 companies that looked in July 2024 the way this one looks now, 5.6% went bankrupt within 24 months and 91.1% are still going.
- Small
- 10 to 20 years old
- solvency 10 to 30%
- a loss of 10% of the balance sheet or more
A further 0.6% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a lower bankruptcy probability: 0.3% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,445 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% | 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% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74.5% 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 180 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.
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €67,679 | €68,074 | €68,223 | €69,084 | €69,156 | €69,156 | €70,171 | €70,829 | ▲ 0.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | - | - | - | - | €22,806 | - |
| Other operating charges640/8 | - | - | - | €5,173 | €4,539 | €4,823 | €4,883 | €8,528 | ▲ 74.7% |
| Non-recurring operating charges66A | - | - | - | €3,502 | €0 | - | - | €129 | - |
| Gross operating margin9900 | €24,029 | €54,251 | €101,147 | €103,730 | €131,827 | €65,634 | -€22,526 | -€7,038 | ▲ 68.8% |
| Operating profit (loss)9901 | -€47,708 | -€18,112 | €28,287 | €25,971 | €58,132 | -€8,346 | -€97,580 | -€109,330 | ▼ 12.0% |
| Financial income75/76B | - | - | - | €30,001 | €10,000 | €215,701 | €10,000 | €6,163 | ▼ 38.4% |
| Recurring financial income75 | €2,480 | €161,967 | €0 | €30,001 | €10,000 | €215,701 | €10,000 | €6,163 | ▼ 38.4% |
| Financial charges65/66B | - | - | - | €19,951 | €49,264 | €17,718 | €17,764 | €87,164 | ▲ 391% |
| Recurring financial charges65 | €23,113 | €10,235 | €16,210 | €19,951 | €49,264 | €17,718 | €17,764 | €15,164 | ▼ 14.6% |
| Non-recurring financial charges66B | - | - | - | - | - | - | - | €72,000 | - |
| Profit (loss) for the period before taxes9903 | -€68,341 | €133,620 | €12,077 | €36,021 | €18,869 | €189,637 | -€105,344 | -€190,330 | ▼ 80.7% |
| Income taxes67/77 | €236 | €10,657 | €5,040 | €6,302 | €12,710 | €741 | -€425 | €66 | - |
| Profit (loss) for the period9904 | -€68,577 | €122,963 | €7,037 | €29,719 | €6,158 | €188,896 | -€104,918 | -€190,397 | ▼ 81.5% |
| Profit (loss) for the period to be appropriated9905 | -€68,577 | €122,963 | €7,037 | €29,719 | €6,158 | €188,896 | -€104,918 | -€190,397 | ▼ 81.5% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €1.5m | €1.2m | €1.5m | €1.5m | €1.4m | €1.3m | €1.2m | €1.0m | ▼ 17.5% |
| Fixed assets21/28 | €1.5m | €1.2m | €1.5m | €1.4m | €1.4m | €1.1m | €1.1m | €0.8m | ▼ 30.2% |
| Tangible fixed assets22/27 | €1.2m | €1.1m | €1.1m | €1.0m | €0.9m | €0.9m | €0.8m | €0.8m | ▼ 8.5% |
| Land and buildings22 | - | - | - | €1.0m | €0.9m | €0.9m | €0.8m | €0.8m | ▼ 8.4% |
| Furniture and vehicles24 | - | - | - | €0.004m | €0.003m | €0.003m | €0.002m | €0.002m | ▼ 30.7% |
| Financial fixed assets28 | €0.3m | €0.09m | €0.4m | €0.4m | €0.4m | €0.3m | €0.3m | €0 | ▼ 100% |
| Current assets29/58 | €0.03m | €0.005m | €0.03m | €0.02m | €0.02m | €0.1m | €0.07m | €0.2m | ▲ 190% |
| Amounts receivable within one year40/41 | €0.02m | €0.001m | €0.03m | €0.009m | €0.002m | €0.05m | €0.05m | €0.06m | ▲ 8.9% |
| Trade receivables40 | - | - | - | €0.001m | €0.001m | €0.005m | €0.01m | €0.003m | ▼ 74.5% |
| Other amounts receivable41 | - | - | - | €0.008m | €0.002m | €0.05m | €0.04m | €0.06m | ▲ 33.1% |
| Cash at bank and in hand54/58 | €0.02m | €0.004m | €0.004m | €0.01m | €0.02m | €0.06m | €0.001m | €0.1m | ▲ 150× |
| Deferred charges and accrued income490/1 | - | - | - | €0.001m | €0.002m | €0.007m | €0.01m | €434 | ▼ 96.5% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €1.5m | €1.2m | €1.5m | €1.5m | €1.4m | €1.3m | €1.2m | €1.0m | ▼ 17.5% |
| Equity10/15 | €0.1m | €0.2m | €0.2m | €0.3m | €0.3m | €0.5m | €0.4m | €0.2m | ▼ 52.6% |
| Contributions10/11 | €0.2m | €0.2m | - | €0.2m | €0.2m | €0.2m | €0.2m | €0.2m | = |
| Reserves13 | €0.03m | €0.03m | €0.04m | €0.07m | €0.07m | €0.07m | €0.07m | €0.07m | = |
| Non-distributable reserves130/1 | - | - | - | €0.007m | €0.007m | €0.007m | €0.007m | €0.007m | = |
| Reserves not available under the articles1311 | - | - | - | €0.007m | €0.007m | €0.007m | €0.007m | €0.007m | = |
| Distributable reserves133 | - | - | - | €0.06m | €0.06m | €0.06m | €0.06m | €0.06m | = |
| Profit (loss) carried forward14 | -€0.1m | €0.006m | €0.006m | €0.007m | €0.01m | €0.2m | €0.1m | -€0.09m | - |
| Amounts payable17/49 | €1.4m | €1.0m | €1.3m | €1.2m | €1.1m | €0.8m | €0.8m | €0.8m | ▼ 1.7% |
| Amounts payable after more than one year17 | €0.9m | €0.8m | €0.8m | €0.9m | €0.9m | €0.7m | €0.6m | €0.7m | ▲ 11.0% |
| Financial debts170/4 | - | - | - | €0.9m | €0.9m | €0.7m | €0.6m | €0.7m | ▲ 11.0% |
| Amounts payable within one year42/48 | €0.6m | €0.2m | €0.5m | €0.2m | €0.3m | €0.1m | €0.2m | €0.09m | ▼ 48.1% |
| Current portion of amounts payable after more than one year42 | - | - | - | €0.08m | €0.08m | €0.08m | €0.09m | €0.09m | ▲ 1.9% |
| Trade debts44 | €0.03m | €0.003m | €0.003m | €0.002m | €0.003m | €0.002m | €0.002m | €0.002m | ▲ 0.8% |
| Suppliers440/4 | - | - | - | €0.002m | €0.003m | €0.002m | €0.002m | €0.002m | ▲ 0.8% |
| Taxes, remuneration and social security45 | - | - | - | €0.02m | €0.04m | €0.02m | €0.002m | €279 | ▼ 86.8% |
| Taxes450/3 | - | - | - | €0.02m | €0.04m | €0.02m | €0.002m | €279 | ▼ 86.6% |
| Remuneration and social security454/9 | - | - | - | €63 | €0 | €40 | €40 | €0 | ▼ 100% |
| Other amounts payable47/48 | - | - | - | €0.1m | €0.1m | €0 | €0.08m | €100 | ▼ 99.9% |
| Accrued charges and deferred income492/3 | - | - | - | - | €0.01m | €0 | - | - | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€68,577 | €122,963 | €7,037 | €29,719 | €6,158 | €188,896 | -€104,918 | -€190,397 | ▼ 81.5% |
| + Depreciation and write-downs630 | €67,679 | €68,074 | €68,223 | €69,084 | €69,156 | €69,156 | €70,171 | €70,829 | ▲ 0.9% |
| Operating cash flow (approximation) | -€898 | €191,037 | €75,261 | €98,803 | €75,315 | €258,052 | -€34,748 | -€119,568 | ▼ 244% |
| Investment in fixed assets (approximation) | - | €215,293 | -€307,989 | -€38,081 | -€20,000 | €184,000 | -€33,448 | €260,000 | - |
| Change in cash | - | -€14,944 | -€500 | €9,010 | €7,156 | €40,696 | -€59,565 | €134,186 | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Latest 10 of 17 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | abbreviated format | 12-07-2026 | 2026-00282808 |
| 31-12-2024 | abbreviated format | 26-05-2025 | 2025-00106296 |
| 31-12-2023 | abbreviated format | 18-07-2024 | 2024-00260231 |
| 31-12-2022 | abbreviated format | 28-07-2023 | 2023-00286751 |
| 31-12-2021 | abbreviated format | 22-07-2022 | 2022-20212924 |
| 31-12-2020 | micro format | 19-07-2021 | 2021-37400355 |
| 31-12-2019 | micro format | 20-08-2020 | 2020-43000398 |
| 31-12-2018 | micro format | 17-07-2019 | 2019-34200201 |
| 31-12-2017 | micro format | 15-06-2018 | 2018-18800234 |
| 31-12-2016 | micro format | 31-07-2017 | 2017-39400497 |
Subsidies and aid
Flemish government
2023 · 1 entry · €659 awarded · €659 paidPublic contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Not every act has been read: a resignation may still be missing
Mandate history
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| STUYCK Jacobus Matheus Petrus |
|
| STUYCK Jules |
|
| STUYCK Jacob Gustaaf Lodewijk |
|
Owners and capital
Capital and shareholders
- 16-06-2025 Converted to unavailable equity · €207,050
Group and network
Holdings and subsidiaries
1 holdingHoldings 1
-
100%
According to the 2025 annual accounts of TULING and those of the other companies, the acts in the Belgian Official Gazette and the LEI register. Annual accounts state the shareholders that notified the company under article 7:225 of the Code of Companies and Associations and the parent companies that consolidate it. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not include these statements in its annual accounts, or does not have to, is not listed.
Connections & network
1 connected companyThe connected companies are in the list below.
Board mandates elsewhere
1 board mandateHistory
Acts, filings and financial milestones
16-06
Gazette deed
Appointments: STUYCK Jules (director) and STUYCK Jacobus (director)Legal form clause · Amendment of the articles · Capital conversion14 facts ▸
- General meeting, 21-05-2025
- Director appointment, STUYCK Jules (director)
- Director appointment, STUYCK Jacobus (director)
- Legal form clause, 01-01-2020, “besloten vennootschap” (deed in Dutch)
- Amendment of the articles (3 times)
- Other provision, “doel beperkt tot vermogensvoordeel, rechtstreeks of onrechtstreeks vermogensvoordeel” (deed in Dutch)
- Capital conversion, “statutair onbeschikbare eigen vermogensrekeningen” (deed in Dutch)
- Reserve release, “beschikbare eigen vermogensrekeningen” (deed in Dutch)
- Power of attorney
- Other provision, “handelsaard vermelding geschrapt, niet meer relevant” (deed in Dutch)
- Other provision, “e-mailadres en website” (deed in Dutch)
- Registered-office move, Leopold de Waelplaats 28 bus 41,2000 Antwerpen
- +2 further facts in this act
13-06
Gazette deed
Resignation: STUYCK Jacob Gustaaf Lodewijk (director)Appointments: STUYCK Jules (nietstatutaire bestuurder) and STUYCK Jacobus Matheus Petrus (nietstatutaire bestuurder)4 facts ▸
- General meeting, 21-05-2025
- Director resignation, STUYCK Jacob Gustaaf Lodewijk (director)
- Director appointment, STUYCK Jules (nietstatutaire bestuurder)
- Director appointment, STUYCK Jacobus Matheus Petrus (nietstatutaire bestuurder)
Show earlier events
About the unread acts
Of the 4 Belgian Official Gazette deeds we know for this company, 2 have been read. The other 2 have not been read yet: what they contain is neither established nor disproved here.
Register details
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.
Sites & property
1 establishment unit
1 parcel
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 11811L3665/00X000 | Flanders | 4,953 m² | 1 · 4,254 m² | 29.2 m · 6 |
How the parcels are linked
Articles of association
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- “Vlaams Gewest” (deed in Dutch)
- Other provisionsOther rules from the articles that fall under none of the themes above.
- Other provision: “Uitkeringen aan aandeelhouders en tantièmes, 38” (deed in Dutch)Liquidation distribution: “Na aanzuivering schulden/lasten/kosten of consignatie en herstel evenwicht niet-volgestorte aandelen, 40.3” (deed in Dutch)1 more provision in the deed, see the deed of 16-06-2025
Read from the deeds: 4 provisions, deed of 16-06-2025