TULLA
ActiveFinancials · financial year 2025, micro format
Annual accounts 2025 filed on 03-07-2026 at the NBB all 25 filings
2021 to 2025, 5 financial years 2018 to 2025, 8 financial years
The operating result for 2025 is a loss of €1,954, smaller than the loss of €2,036 in 2024.
Turnover is what the company sold, the result is what was left of it. A loss stands below the zero line.
Assets, equity and debt per financial year.
Above zero, the company can pay its short-term debts with what it holds in the short term.
Use the arrow keys on the chart for the figures per year.
Investments
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Financial fixed assets | - | - | - | - | €0 |
| Depreciation and write-downs of the year | €199 | €199 | €199 | €199 | €199 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €199 | €199 | €199 | €199 | €199 | €199 | €199 | €199 | ▲ 0.1% |
| Other operating charges640/8 | - | - | - | €468 | €122 | €348 | €559 | €546 | ▼ 2.3% |
| Gross operating margin9900 | -€660 | -€1,047 | -€758 | -€836 | -€1,017 | -€2,557 | -€1,277 | -€1,208 | ▲ 5.4% |
| Operating profit (loss)9901 | -€1,024 | -€2,309 | -€1,424 | -€1,503 | -€1,338 | -€3,103 | -€2,036 | -€1,954 | ▲ 4.0% |
| Recurring financial income75 | €5 | - | - | - | - | - | - | - | - |
| Financial charges65/66B | - | - | - | €44 | €48 | €55 | €67 | €70 | ▲ 4.5% |
| Recurring financial charges65 | €0 | €0 | €0 | €44 | €48 | €55 | €67 | €70 | ▲ 4.5% |
| Profit (loss) for the period before taxes9903 | -€1,019 | -€2,309 | -€1,424 | -€1,547 | -€1,385 | -€3,158 | -€2,103 | -€2,024 | ▲ 3.8% |
| Profit (loss) for the period9904 | -€1,019 | -€2,309 | -€1,424 | -€1,547 | -€1,385 | -€3,158 | -€2,103 | -€2,024 | ▲ 3.8% |
| Profit (loss) for the period to be appropriated9905 | -€1,019 | -€2,309 | -€1,424 | -€1,547 | -€1,385 | -€3,158 | -€2,103 | -€2,024 | ▲ 3.8% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €12,502 | €12,353 | €12,330 | €11,871 | €11,658 | €11,459 | €11,455 | €11,195 | ▼ 2.3% |
| Fixed assets21/28 | €12,454 | €12,255 | €12,056 | €11,857 | €11,658 | €11,459 | €11,260 | €11,061 | ▼ 1.8% |
| Tangible fixed assets22/27 | €12,454 | €12,255 | €12,056 | €11,857 | €11,658 | €11,459 | €11,260 | €11,061 | ▼ 1.8% |
| Land and buildings22 | - | - | - | €11,857 | €11,658 | €11,459 | €11,260 | €11,061 | ▼ 1.8% |
| Current assets29/58 | €48 | €98 | €274 | €14 | - | - | €195 | €134 | ▼ 31.1% |
| Cash at bank and in hand54/58 | €48 | €98 | €274 | €14 | - | - | €195 | €134 | ▼ 31.1% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €12,502 | €12,353 | €12,330 | €11,871 | €11,658 | €11,459 | €11,455 | €11,195 | ▼ 2.3% |
| Equity10/15 | -€25,217 | -€27,526 | -€28,950 | -€30,496 | -€31,882 | -€35,040 | -€37,142 | -€39,166 | ▼ 5.4% |
| Contributions10/11 | €6,200 | €6,200 | - | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Profit (loss) carried forward14 | -€31,417 | -€33,726 | -€35,150 | -€36,696 | -€38,082 | -€41,240 | -€43,342 | -€45,366 | ▼ 4.7% |
| Amounts payable17/49 | €37,719 | €39,879 | €41,279 | €42,367 | €43,540 | €46,499 | €48,597 | €50,361 | ▲ 3.6% |
| Amounts payable within one year42/48 | €37,719 | €39,879 | €41,279 | €42,367 | €43,540 | €46,499 | €48,597 | €50,361 | ▲ 3.6% |
| Financial debts43 | - | - | - | - | €3 | €2 | - | - | - |
| Credit institutions430/8 | - | - | - | - | €3 | €2 | - | - | - |
| Trade debts44 | €372 | €162 | €162 | - | - | - | €196 | €0 | ▼ 100% |
| Suppliers440/4 | - | - | - | - | - | - | €196 | €0 | ▼ 100% |
| Other amounts payable47/48 | - | - | - | €42,367 | €43,537 | €46,497 | €48,401 | €50,361 | ▲ 4.0% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€1,019 | -€2,309 | -€1,424 | -€1,547 | -€1,385 | -€3,158 | -€2,103 | -€2,024 | ▲ 3.8% |
| + Depreciation and write-downs630 | €199 | €199 | €199 | €199 | €199 | €199 | €199 | €199 | ▲ 0.1% |
| Operating cash flow (approximation) | -€820 | -€2,110 | -€1,225 | -€1,348 | -€1,186 | -€2,959 | -€1,904 | -€1,825 | ▲ 4.2% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | €0 | €0 | €0 | €0 | - |
| Change in cash | - | €50 | €175 | -€260 | - | - | - | -€61 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 6,619 companies had the same profile as TULLA has now. Two years later, 4.5% had gone bankrupt and 84.5% were still going.
- Micro
- 20 years or older
- negative equity
- a loss of 10% of the balance sheet or more
Another 1.0% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of TULLA itself: 1.0% within 12 months.
Test of the method
The method was tested on the 497,446 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 6,619 companies, not a prediction for TULLA. 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.
Latest 10 of 25 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 03-07-2026 | 2026-00245241 | |
| 31-12-2024 | micro format | 26-06-2025 | 2025-00178998 | |
| 31-12-2023 | micro format | 17-06-2024 | 2024-00132707 | |
| 31-12-2022 | micro format | 20-06-2023 | 2023-00145295 | |
| 31-12-2021 | micro format | 01-07-2022 | 2022-20126762 | |
| 31-12-2020 | micro format | 27-07-2021 | 2021-41800468 | |
| 31-12-2019 | micro format | 23-07-2020 | 2020-33000106 | |
| 31-12-2018 | micro format | 31-07-2019 | 2019-41600462 | |
| 31-12-2017 | micro format | 31-07-2018 | 2018-41800518 | |
| 31-12-2016 | micro format | 31-08-2017 | 2017-54700228 |