Equity
€171,458 from €466,773 in 2023
Equity fell by 63% in 2 years.
TULING
Lifetime
17 annual accounts with figures on one time axispeak €131,827 (2022)
-€7,038▲ €15,488
lowest -€190,397 (2025)
-€190,397▼ €85,478
peak €466,773 (2023)
€171,458▼ 52.6%
€787,069▼ 1.7%
peak 0 FTE (2022)
0 FTE
Board3 names since 2024
2 directorsSTUYCK Jacobus Matheus Petrus and 1 other
Documentsfilings and deeds
12-07-202619 days before the deadline
2025abbreviated format
Gross margin from -€22,526 to -€7,038Loss of €190,397Registered office moved within Antwerp 16-062 directors appointed, 1 resignation 13-06Equity from €361,855 to €171,458Cash from €901 to €135,087
Key points
from the 2025 annual accountsResult
-€190,397 ▼ 81.5%
The result fell in 2025 from -€104,918 to -€190,397.
Debts
€787,069 82% of the balance sheet
Financial debts 89%Suppliers 0%Taxes and wages 0%Other 11%
€629,054 of the debts are secured on the company's own assets. In 2021 that was €918,740.
Liquidity
2.18 was 0.39 in 2024
Short-term debts fell from €171,431 to €88,940.
Filings
17 annual accounts since 2009
The 2019 accounts came 20 days late. The other nine of the last ten were filed on time.
Subsidiaries
-€24,367
Subsidiary with negative equity. SOUPFLEUR · loss of €14,153 in 2025.
Turnover not published (abbreviated or micro format)
Checked score
54
Fair
Financially stronger than 26% of micro companies without a NACE code
Probability in this band: 1.5% to 4.2%
A net loss of at least half of total assets or of the equity at the start of the financial year caps the score at 59.
Bankruptcy probability within 12 months
0.3% Very low
0%0.5%1.5%4%10%≥ 25%
About 3 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: < 0.1%lowest value
01-2025: < 0.1%● unchanged vs 12-2024
02-2025: < 0.1%● unchanged vs 01-2025
03-2025: < 0.1%● unchanged vs 02-2025
04-2025: < 0.1%● unchanged vs 03-2025
05-2025: < 0.1%● unchanged vs 04-2025
06-2025: 0.9%▲ +0.9 percentage points vs 05-2025
07-2025: 0.9%● unchanged vs 06-2025
08-2025: 0.9%● unchanged vs 07-2025
09-2025: 0.9%● unchanged vs 08-2025
10-2025: 0.9%● unchanged vs 09-2025
11-2025: 0.9%● unchanged vs 10-2025
12-2025: 0.9%● unchanged vs 11-2025
01-2026: 1.0%▲ +0.1 percentage points vs 12-2025
02-2026: 1.0%● unchanged vs 01-2026
03-2026: 1.0%● unchanged vs 02-2026highest value
04-2026: 1.0%● unchanged vs 03-2026
05-2026: 1.0%● unchanged vs 04-2026
06-2026: 1.0%● unchanged vs 05-2026
07-2026: 1.0%● unchanged vs 06-2026
08-2026: 0.3%▼ -0.7 percentage points vs 07-2026
09-2026: 0.3%● unchanged vs 08-2026
10-2026: 0.3%● unchanged vs 09-2026
11-2026: 0.3%● unchanged vs 10-2026
Financial strengthWeak
Score breakdown
raises risk
Capped at 59: a net loss of at least half of total assets or of the equity at the start of the financial year
Loss of €190,397, the second in a row (financial year 2025)
Equity €171,458 (17.9% of total assets)
lowers risk
Size: total assets €958,527
Figures for financial year 2025 (filed on 12-07-2026)
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 (no NACE code, micro). It does better than 27% of them on solvency, 64% on liquidity, 4% on profitability and 9% on growth.
The bankruptcy probability was computed on 09-11-2026 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 very low class on 30-06-2025, 0.1% 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, 180 companies had the same profile as TULING has now. Each dot is one company, two years later.
91.1%
were still trading
2.8%
stopped another way
5.6%
went bankrupt
Another 0.6% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of TULING itself is lower: 0.3% within 12 months. It rests on far more data about TULING than the profile alone.
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 180 companies, not a prediction for TULING. 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
Credit of up to €9,000 on 30-day terms, only on tighter conditions
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity is ample, with a current ratio of 2.18 (0.39 in 2024), above the usual 1.5. Short-term debt is 9.3% and cash 14.1% of total assets. However, 82.1% of the assets are financed with debt and provisions.
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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 · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year -€190,397
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 12-07-2026, 19 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
19 days early
2024
66 days early
2023
13 days early
2022
3 days early
2021
9 days early
2020
12 days early
2019
20 days late
← before the deadline
after the deadline →
tick = median of all Belgian filings
The company filed its last 7 accounts on average 15 days before the deadline. The Belgian median for financial year 2024 was 4 days before the deadline, and 38% of all filings were 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 19 July (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
10-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
Registered office moved within Antwerp
New registered office: Leopold de Waelplaats 28 bus 41, 2000 Antwerpen · Previous registered office: Zwaluwenlaan 53, 2610 Antwerpen · Appointments: STUYCK Jules (director) and STUYCK Jacobus (director) · General meeting of 21-05-2025 · Gazette deed
2 directors appointed, 1 resignation
Resignation: STUYCK Jacob Gustaaf Lodewijk · Appointments: STUYCK Jules (director) and STUYCK Jacobus Matheus Petrus (director) · General meeting of 21-05-2025 · Gazette deed
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0897421630
Registered office moved from Antwerp to Wilrijk
New registered office: Zwaluwenlaan 53- 2610 Wilrijk · Previous registered office: Lange Lozannastraat 126-2018 Antwerpen · Board meeting of 13-02-2019 · Gazette deed
Official details
Source: KBO- Status
- Active since 07-04-2008Normal situation
- Registered office
- 10 active companies are registered at this addressSource: KBO register, as of 10 November 2026.
- Activity
- No activity registered in the KBO
- Establishment unit
- 2.289.504.0642000 Antwerp, since 11-02-2019
- Financial year end
- 31 December
- Peppol
- Reachable since 24-11-2023
Annual accounts 2025
- €958,527▼ 17.5%
- Filing
- Filed on 12-07-2026, 19 days before the end of the filing period
Insights on TULING
TULING files the abbreviated format. That format states no turnover. The gross margin fell from -€197 in 2009 to -€7,038 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 TULING
- What is the company number of TULING?
- The company number of TULING is 0897.421.630. The VAT number is the same number with BE in front: BE 0897.421.630.
- Where is TULING based?
- The registered office is at Leopold de Waelplaats 28, 2000 Antwerp.Company details
- What is the legal form of TULING?
- TULING is a private limited company (BV).
- When was TULING founded?
- TULING was founded on 07-04-2008.
- Is TULING still active?
- Yes, TULING is an active enterprise in the KBO register.
- What is the turnover of TULING?
- The annual accounts for financial year 2025 state no turnover. The abbreviated or micro format does not require it.Financials
- Is TULING profitable?
- In financial year 2025, TULING made a loss of €190,397.
- Where can I find the annual accounts of TULING?
- TULING filed 17 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of TULING due?
- TULING must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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