TULLI
ActiveSummary
TULLI has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €482k and a net result of €142k. Equity is growing by ~53.5% per year across the filed fiscal years. Its solvency ranks better than 33% of 31791 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability81▲+2
Solvency60▲+9
Growth76=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €30k at 30 days acceptable
Liquidity ample (current ratio 1.99 against 1.09 in 2024; short-term debt: 14.9% and cash: 0.4% of total assets), but 65.4% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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
34.6%
Return on assets
10.2%
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 12-07-2026, 19 days ahead of the deadline.
NBB · 8 filingsDeviation from the deadline
2025
19 d early
2024
3 d early
2023
24 d early
2022
43 d early
2021
11 d early
2020
32 d early
2019
38 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, micro schema
Turnover
€490k▲ 12.3%
2022 · €437k
EBIT margin
30.4%▲ 3.7pp
2022 · 26.7%
Net result
€142k▲ 36.7%
2024 · €104k
Working capital
€205k▲ 994%
2024 · €19k
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Turnover€437k€490k▲ 12.3%
Operating result€99k€117k▲ 18.0%€149k▲ 27.9%€172k▲ 15.1%€216k▲ 25.7%
Net result€61k€71k▲ 16.0%€96k▲ 34.8%€104k▲ 7.9%€142k▲ 36.7%
EBIT margin26.7%30.4%▲ 3.7pp
Equity€70k▲ 753%€141k▲ 102%€237k▲ 68.2%€340k▲ 43.7%€482k▲ 41.6%
Total assets€835k▲ 3.8%€848k▲ 1.6%€886k▲ 4.4%€1.29M▲ 45.4%€1.39M▲ 8.3%
Debt€765k▼ 3.9%€708k▼ 7.5%€649k▼ 8.3%€948k▲ 46.0%€913k▼ 3.7%
Working capital€-100k▲ 15.6%€-54k▲ 46.3%€38k€19k▼ 51.1%€205k▲ 994%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has risen four years in a row; 2025 is 26% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.39M
Fixed assets
€982k ▼ 8.0%
Current assets
€413k ▲ 86.6%
Equity and liabilities €1.39M
Equity
€482k ▲ 41.6%
Debt
€913k ▼ 3.7%
Debt's share of the balance-sheet total falls from 73.6% to 65.4%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€253k▲
2024 · €204k
Cash flow
€179k▲
2024 · €136k
Current ratio
1.99▲
2024 · 1.09
Debt to equity
1.89▼
2024 · 2.78
ROE
29.4%▼
2024 · 30.4%
ROA
10.2%▲
2024 · 8.0%
Interest coverage
9.37▲
2024 · 7.93
Debt ≤ 1 year
€208k▲
2024 · €203k
Debt > 1 year
€704k▼
2024 · €743k
Income taxes
€57k▲
2024 · €42k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | - | €437k | €490k | - | - | - |
| Goods, raw materials, services and sundry goods60/61 | - | €362k | €375k | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €25k | €24k | €26k | €33k | €37k | ▲ 14.1% |
| Other operating charges640/8 | €4k | €6k | €11k | €44k | €5k | ▼ 87.7% |
| Non-recurring operating charges66A | €133 | - | - | - | - | - |
| Gross operating margin9900 | €128k | €147k | €186k | €249k | €259k | ▲ 3.9% |
| Operating profit (loss)9901 | €99k | €117k | €149k | €172k | €216k | ▲ 25.7% |
| Financial income75/76B | €2k | €0 | - | €1 | €10k | ▲ 1,350,748% |
| Recurring financial income75 | €2k | €0 | - | €1 | €10k | ▲ 1,350,748% |
| Financial charges65/66B | €18k | €19k | €17k | €26k | €27k | ▲ 4.8% |
| Recurring financial charges65 | €18k | €19k | €17k | €26k | €27k | ▲ 4.8% |
| Profit (loss) for the period before taxes9903 | €83k | €98k | €133k | €146k | €199k | ▲ 36.2% |
| Income taxes67/77 | €21k | €26k | €37k | €42k | €57k | ▲ 34.9% |
| Profit (loss) for the period9904 | €61k | €71k | €96k | €104k | €142k | ▲ 36.7% |
| Profit (loss) for the period to be appropriated9905 | €61k | €71k | €96k | €104k | €142k | ▲ 36.7% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €835k | €848k | €886k | €1.29M | €1.39M | ▲ 8.3% |
| Fixed assets21/28 | €763k | €754k | €730k | €1.07M | €982k | ▼ 8.0% |
| Tangible fixed assets22/27 | €763k | €754k | €730k | €1.07M | €982k | ▼ 8.0% |
| Land and buildings22 | €752k | €744k | €722k | €1.06M | €976k | ▼ 8.0% |
| Plant, machinery and equipment23 | €919 | €709 | €500 | €290 | €81 | ▼ 72.1% |
| Furniture and vehicles24 | €10k | €10k | €7k | €5k | €6k | ▲ 8.7% |
| Financial fixed assets28 | €93 | €195 | €195 | €195 | €195 | = |
| Current assets29/58 | €72k | €94k | €156k | €221k | €413k | ▲ 86.6% |
| Amounts receivable after more than one year29 | - | €25k | €20k | €10k | €250k | ▲ 2,399% |
| Other amounts receivable291 | - | €25k | €20k | €10k | €250k | ▲ 2,399% |
| Amounts receivable within one year40/41 | €54k | €45k | €110k | €194k | €144k | ▼ 25.7% |
| Trade receivables40 | €54k | €45k | €99k | €167k | €119k | ▼ 28.8% |
| Other amounts receivable41 | - | - | €11k | €27k | €25k | ▼ 7.4% |
| Cash at bank and in hand54/58 | €4k | €10k | €12k | €4k | €5k | ▲ 19.9% |
| Deferred charges and accrued income490/1 | €13k | €14k | €14k | €13k | €14k | ▲ 7.8% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €835k | €848k | €886k | €1.29M | €1.39M | ▲ 8.3% |
| Equity10/15 | €70k | €141k | €237k | €340k | €482k | ▲ 41.6% |
| Contributions10/11 | €6k | €6k | €6k | €6k | €6k | = |
| Reserves13 | €62k | €132k | €222k | €322k | €462k | ▲ 43.5% |
| Non-distributable reserves130/1 | €2k | €2k | €2k | €2k | €2k | = |
| Reserves not available under the articles1311 | €2k | €2k | €2k | €2k | €2k | = |
| Distributable reserves133 | €60k | €130k | €220k | €320k | €460k | ▲ 43.8% |
| Profit (loss) carried forward14 | €1k | €3k | €9k | €12k | €14k | ▲ 13.4% |
| Amounts payable17/49 | €765k | €708k | €649k | €948k | €913k | ▼ 3.7% |
| Amounts payable after more than one year17 | €592k | €558k | €530k | €743k | €704k | ▼ 5.2% |
| Financial debts170/4 | €592k | €558k | €530k | €743k | €704k | ▼ 5.2% |
| Amounts payable within one year42/48 | €172k | €148k | €117k | €203k | €208k | ▲ 2.7% |
| Current portion of amounts payable after more than one year42 | €44k | €45k | €37k | €66k | €67k | ▲ 1.7% |
| Trade debts44 | €30k | €43k | €22k | €93k | €20k | ▼ 78.5% |
| Suppliers440/4 | €30k | €43k | €22k | €93k | €20k | ▼ 78.5% |
| Advances received on contracts in progress46 | - | - | - | - | €75k | - |
| Taxes, remuneration and social security45 | €19k | €30k | €58k | €43k | €45k | ▲ 6.0% |
| Taxes450/3 | €19k | €30k | €58k | €43k | €45k | ▲ 6.0% |
| Remuneration and social security454/9 | - | €178 | €200 | €22 | €44 | ▲ 100% |
| Other amounts payable47/48 | €79k | €30k | - | - | - | - |
| Accrued charges and deferred income492/3 | €2k | €2k | €1k | €2k | €375 | ▼ 81.6% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €61k | €71k | €96k | €104k | €142k | ▲ 36.7% |
| + Depreciation and write-downs630 | €25k | €24k | €26k | €33k | €37k | ▲ 14.1% |
| Operating cash flow (approximation) | €87k | €96k | €122k | €136k | €179k | ▲ 31.3% |
| Investment in fixed assets (approximation) | - | €-16k | €-1k | €-369k | €48k | ▲ 113% |
| Change in cash | - | €6k | €2k | €-8k | €841 | ▲ 111% |
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
12-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
12-03
State Gazette act
Merger · Accounting effect
12-03
State Gazette act
Merger · Accounting effect
2025
31-12
Financial
Highest result since 2018net €142k ▲36.7%
Operating result €216k, net result €142k, both a record.
28-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
07-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Liquidity doublescurrent ratio 1.33
Current ratio from 0.64 to 1.33; short-term debt falls from €148k to €117k.
31-12
Financial
Equity above €200kEq €237k ▲68.2%
3 profitable years in a row build equity to €237k.
18-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Equity above €100kEq €141k ▲102%
2 profitable years in a row build equity to €141k.
20-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Back to profitnet €61k
Net result €61k after one loss-making year.
Show earlier events
29-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Weakest financial yearnet €-30k
Net result drops to €-30k, the lowest in the series; recovery starts the following year.
23-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
28-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
3 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Ukkel · 1 establishment unit since 2017
Ground area
5,640 m²
Building footprint
1,961 m²
Volume, LiDAR
14,726 m³
2 parcels, Brussels · tallest building 13.5 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Establishment
since 20172.266.006.607
2 parcels
Brussels
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21616G0316/00H002 | Brussels | 4,651 m² | 1 · 1,006 m² | 13.5 m · 3 fl. |
| 21614E0100/00G007 | Brussels | 989 m² | 1 · 955 m² | 12.8 m · 1 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
LAURA
BE 0476.527.841
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HELDER ADVIES
BE 0684.764.471
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KEAP SHOP SOLUTIONS
BE 0665.640.031
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STRATEQ
BE 0787.421.749
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DP CONSULT
BE 0476.508.639
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Of 82,632 companies in sector 70200 we hold annual accounts for 52,575. 34,949 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded05-07-2017
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
82990Other business support services
Scores and ratios are computed by Checked and are not a credit decision.