TULP
ActiveSummary
TULP has been active since 2003 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €110,208 and a net result of €10,557. Equity is growing by about 11% per year across the filed financial years. Its solvency ranks better than 21% of 39,131 sector peers (NACE 70, financial year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Overview
- Equity
- €110,208
- Profit
- €10,557
- Salih ÖzmenDirector
Why 84raises risk1 change of registered office in 24 monthsLiquidity: current ratio 0.55, cash €5,989lowers riskSize: total assets €639,776Figures for financial year 2025 (filed 15-07-2026)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 (NACE 70, micro): better than 22% on solvency, 27% on liquidity, 26% on profitability and 58% on growth.
The bankruptcy probability was computed on 25-10-2026 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 2 days before the deadline; the sector median (NACE 70) for financial year 2024 is 9 days before the deadline, and 32% of those companies filed late.
Searched, nothing found (2)
- Annual accounts filedfinancial year 2025 · micro…
- Equity above €100,000equity €110,208 ▲10.6%
- Annual accounts filedfinancial year 2024 · micro…
Financials · financial year 2025, micro format
2021 to 2025, 5 financial years 2018 to 2025, 8 financial years
The operating result has fallen three years in a row; 2025 is 19% below 2024 and is 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.
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 70, Activities of head offices; management consultancy activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Peer companies
Historical observationOf the 4,685 companies that looked in July 2024 the way this one looks now, 1.1% went bankrupt within 24 months and 96.9% are still going.
- Small
- 20 years or older
- solvency 10 to 30%
- a profit under 5% of the balance sheet
For this company itself Checked computes a bankruptcy probability of 0.3% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,475 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 4,685 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 | €73,256 | €73,256 | €73,256 | €73,256 | €73,256 | €66,178 | €61,460 | €61,460 | = |
| Other operating charges640/8 | - | - | - | €20,856 | €20,556 | €20,836 | €23,645 | €16,291 | ▼ 31.1% |
| Gross operating margin9900 | €154,778 | €160,554 | €163,748 | €161,871 | €163,037 | €138,232 | €131,485 | €115,262 | ▼ 12.3% |
| Operating profit (loss)9901 | €63,619 | €63,014 | €70,690 | €67,759 | €69,226 | €51,218 | €46,380 | €37,512 | ▼ 19.1% |
| Financial income75/76B | - | - | - | - | - | - | €0 | €0 | ▲ 200% |
| Recurring financial income75 | - | - | - | - | - | - | €0 | €0 | ▲ 200% |
| Financial charges65/66B | - | - | - | €45,843 | €40,554 | €35,491 | €30,622 | €23,112 | ▼ 24.5% |
| Recurring financial charges65 | €61,178 | €56,774 | €51,337 | €45,843 | €40,554 | €35,491 | €30,622 | €23,112 | ▼ 24.5% |
| Profit (loss) for the period before taxes9903 | €2,441 | €6,240 | €19,353 | €21,916 | €28,671 | €15,727 | €15,758 | €14,400 | ▼ 8.6% |
| Income taxes67/77 | €1,714 | €1,945 | €5,200 | €5,995 | €7,675 | €3,991 | €4,449 | €3,843 | ▼ 13.6% |
| Profit (loss) for the period9904 | €727 | €4,294 | €14,153 | €15,920 | €20,996 | €11,735 | €11,309 | €10,557 | ▼ 6.6% |
| Profit (loss) for the period to be appropriated9905 | €727 | €4,294 | €14,153 | €15,920 | €20,996 | €11,735 | €11,309 | €10,557 | ▼ 6.6% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €1.2m | €1.1m | €1.0m | €1.0m | €0.9m | €0.8m | €0.7m | €0.6m | ▼ 10.4% |
| Fixed assets21/28 | €1.1m | €1.0m | €0.9m | €0.9m | €0.8m | €0.7m | €0.6m | €0.6m | ▼ 9.6% |
| Tangible fixed assets22/27 | €1.1m | €1.0m | €0.9m | €0.9m | €0.8m | €0.7m | €0.6m | €0.6m | ▼ 9.6% |
| Land and buildings22 | - | - | - | €0.9m | €0.8m | €0.7m | €0.6m | €0.6m | ▼ 9.6% |
| Current assets29/58 | €0.07m | €0.05m | €0.1m | €0.1m | €0.1m | €0.1m | €0.07m | €0.06m | ▼ 17.5% |
| Amounts receivable within one year40/41 | €0.07m | €0.04m | €0.1m | €0.1m | €0.1m | €0.1m | €0.07m | €0.05m | ▼ 25.6% |
| Trade receivables40 | - | - | - | €0.07m | €0.07m | €0.07m | €0.05m | €0.03m | ▼ 42.9% |
| Other amounts receivable41 | - | - | - | €0.04m | €0.05m | €0.04m | €0.02m | €0.02m | ▲ 25.2% |
| Cash at bank and in hand54/58 | €312 | €0.003m | €0.001m | €0.006m | €0.005m | €50 | €0.001m | €0.006m | ▲ 507% |
| Deferred charges and accrued income490/1 | - | - | - | - | - | €0.003m | €0.003m | €0.003m | ▲ 1.3% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €1.2m | €1.1m | €1.0m | €1.0m | €0.9m | €0.8m | €0.7m | €0.6m | ▼ 10.4% |
| Equity10/15 | €0.05m | €0.05m | €0.07m | €0.08m | €0.1m | €0.1m | €0.1m | €0.1m | ▲ 10.6% |
| Contributions10/11 | €0.04m | €0.04m | - | €0.04m | €0.04m | €0.04m | €0.03m | €0.03m | = |
| Reserves13 | €0.005m | €0.005m | €0.005m | €0.005m | €0.005m | €0.005m | €0.004m | €0.004m | = |
| Non-distributable reserves130/1 | - | - | - | €0.004m | €0.004m | €0.004m | €0.003m | €0.003m | = |
| Reserves not available under the articles1311 | - | - | - | €0.004m | €0.004m | €0.004m | €0.003m | €0.003m | = |
| Distributable reserves133 | - | - | - | €0.002m | €0.002m | €0.002m | €0.001m | €0.001m | = |
| Profit (loss) carried forward14 | €0.007m | €0.01m | €0.03m | €0.04m | €0.06m | €0.07m | €0.07m | €0.08m | ▲ 15.9% |
| Amounts payable17/49 | €1.1m | €1.0m | €1.0m | €0.9m | €0.8m | €0.7m | €0.6m | €0.5m | ▼ 13.8% |
| Amounts payable after more than one year17 | €1.0m | €0.9m | €0.9m | €0.8m | €0.7m | €0.6m | €0.5m | €0.4m | ▼ 19.0% |
| Financial debts170/4 | - | - | - | €0.8m | €0.5m | €0.4m | €0.3m | €0.2m | ▼ 29.0% |
| Other amounts payable178/9 | - | - | - | - | €0.2m | €0.2m | €0.2m | €0.2m | = |
| Amounts payable within one year42/48 | €0.1m | €0.08m | €0.09m | €0.1m | €0.1m | €0.1m | €0.1m | €0.1m | ▲ 13.8% |
| Current portion of amounts payable after more than one year42 | - | - | - | €0.09m | €0.09m | €0.09m | €0.09m | €0.1m | ▲ 6.6% |
| Financial debts43 | - | - | - | - | - | €0.008m | €0 | - | - |
| Credit institutions430/8 | - | - | - | - | - | €0.008m | €0 | - | - |
| Trade debts44 | €0.001m | - | €149 | - | - | - | - | €0.003m | - |
| Suppliers440/4 | - | - | - | - | - | - | - | €0.003m | - |
| Taxes, remuneration and social security45 | - | - | - | €0.01m | €0.01m | €0.01m | €0.004m | €0.008m | ▲ 89.5% |
| Taxes450/3 | - | - | - | €0.01m | €0.01m | €0.01m | €0.004m | €0.008m | ▲ 89.5% |
| Other amounts payable47/48 | - | - | - | €0.001m | €0.001m | €0.001m | €0.001m | €0.001m | = |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €727 | €4,294 | €14,153 | €15,920 | €20,996 | €11,735 | €11,309 | €10,557 | ▼ 6.6% |
| + Depreciation and write-downs630 | €73,256 | €73,256 | €73,256 | €73,256 | €73,256 | €66,178 | €61,460 | €61,460 | = |
| Operating cash flow (approximation) | €73,982 | €77,550 | €87,408 | €89,176 | €94,252 | €77,914 | €72,768 | €72,017 | ▼ 1.0% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | €0 | €0 | €26,158 | €0 | ▼ 100% |
| Change in cash | - | €2,985 | -€2,393 | €4,647 | -€1,011 | -€4,490 | €937 | €5,002 | ▲ 434% |
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 23 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | micro format | 15-07-2026 | 2026-00296814 |
| 31-12-2024 | micro format | 30-06-2025 | 2025-00196307 |
| 31-12-2023 | micro format | 01-07-2024 | 2024-00186829 |
| 31-12-2022 | micro format | 01-09-2023 | 2023-00408944 |
| 31-12-2021 | abbreviated format | 30-06-2022 | 2022-20152589 |
| 31-12-2020 | micro format | 26-07-2021 | 2021-40300431 |
| 31-12-2019 | micro format | 08-10-2020 | 2020-59900381 |
| 31-12-2018 | micro format | 30-08-2019 | 2019-58300188 |
| 31-12-2017 | micro format | 31-07-2018 | 2018-41700316 |
| 31-12-2016 | micro format | 25-07-2017 | 2017-34600403 |
Similar companies · same sector, comparable size
Public 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
| Name | Functions and periods |
|---|---|
| Salih Özmen |
|
Owners and capital
Capital and shareholders
- 05-11-2024 Capital stated in the deed · 350 shares
Group and network
Connections & network
1 current directorThe network starts from this company’s directors. Other companies they run appear here as nodes.
Acquisitions and mergers
1 transactionHistory
Acts, filings and financial milestones
03-01
Gazette deed
Registered office · Amendment of the articles · Legal-form change · Resignations & appointments · MiscellaneousRegistered office clause · Auditor report · Demerger5 facts ▸
- Registered office clause, “Sint-Jansplein 32, 2060 Antwerpen”, 01-01-2025 (deed in Dutch)
- Auditor report, EUR, “CONCLUSIE MET VOORBEHOUD” (deed in Dutch)
- Other provision, 11-12-2024
- Demerger, “met splitsing gelijkgestelde verrichting door inbreng in natura in nieuw op te richten besloten vennootschap, ieder aandeel in TULP recht op één aandeel in NARC…” (deed in Dutch)
- Reserve release, “beschikbare inbrengen buiten kapitaal, verminderen” (deed in Dutch)
05-11
Gazette deed
RestructuringAppointment: Salih Özmen (director) · Demerger · Incorporation19 facts ▸
- Demerger, “partiële splitsing door oprichting, ter goedkeuring voor te leggen aan de algemene vergaderingen” (deed in Dutch)
- Board meeting, “voorstel tot partiële splitsing door oprichting op te stellen, bestuursorgaan van de partieel te splitsen vennootschap TULP” (deed in Dutch)
- Director in office, Salih Özmen (director)
- Incorporation, “notariële akte, oprichting in kader van voorgenomen partiële splitsing door oprichting” (deed in Dutch)
- Director appointment, Salih Özmen (director)
- Share issue, “ieder aandeel in TULP geeft recht op 1 aandeel in NARCIS”, 350 (deed in Dutch)
- Other provision, “opleg in geld” (deed in Dutch)
- Other provision, “bestuursorgaan verkrijgende vennootschap, wijze van uitreiking aandelen verkrijgende vennootschap” (deed in Dutch)
- Other provision, “datum van oprichting verkrijgende vennootschap, datum van deelname in winst” (deed in Dutch)
- Accounting effect, 01-09-2024
- Other provision, “bijzondere rechten of effecten met bijzondere rechten” (deed in Dutch)
- Other provision, “verslagen bestuursorgaan en bedrijfsrevisor, uitgifte evenredig aan rechten in vermogen partieel te splitsen vennootschap” (deed in Dutch)
- +7 further facts in this act
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
No listing in the Peppol Directory under this enterprise or VAT number. That proves nothing: being listed there is voluntary.
What can you do?
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If you follow this company, Checked tells you the day it appears in the Peppol register.
Register as of 25 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
2 parcels
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 11805E0523/00B003 | Flanders | 1,069 m² | 1 · 222 m² | 17.6 m · 4 |
| 11805E0212/00A019 | Flanders | 97 m² | 1 · 97 m² | 18.0 m · 6 |
How the parcels are linked
Articles of association
What the company does
- PurposeThe activities the company may carry out under its articles.
- “Rechtstreeks of onrechtstreeks aan haar aandeelhouders een vermogensvoordeel uit te keren of te bezorgen; De uitbating van een verbruiksalon…” (deed in Dutch)
20 activities (deed in Dutch)
- Rechtstreeks of onrechtstreeks aan haar aandeelhouders een vermogensvoordeel uit te keren of te bezorgen
- De uitbating van een verbruiksalon met verkoop van ijs,flensjes,patisseriewaren en kleine versnaperingen.
- De aan- en verkoop,in- en export,groot- en kleinhandel,het in huur nemen en verhuren,de herstelling,onderhoud,installatie en uitbating van alle horecatoestellen,uitrusting en toebehoren evenals van alle automatische ontspannings- en amusementsspelen,toestellen en bijbehoren.
- Het uitbaten en inrichten van restaurants,spijshuizen,snackbars,verbruiksalons,tearooms,cafés,bodega’s en taveernes evenals alle drankgelegenheden allerhande met al of niet alcoholhoudende dranken en sterke dranken,wijnbar,dancings en discotheken,sport- en fitnesscentrum,kortom alle activiteiten in de horecasector en het horecabedrijf in de ruimste zin van het woord,met inbegrip van de verkoop van tabaks- en rookwaren,suikergoedwaren,belegde broodjes,snoepgoed,parfumerieartikelen,snuisterijen.
- Het inrichten van schouwspelen van om het even welke aard,zoals ballet,dans- en toneelvoorstellingen.
- Het organiseren van feesten en banketten allerhande.
- Het ter beschikking stellen van allerhande ruimten.
- De in- en uitvoer,groot- en kleinhandel van alle voedingswaren en dranken.
- Het beheer in de ruimste zin van het woord,van onroerende goederen,daaronder begrepen de huur,de verhuur en de onderverhuur,de herstelling,de verbetering en de verbouwing,alsmede de aankoop,de oprichting,de commercialisatie van projecten en elke andere verwerving van onroerende goederen om ze ter uitoefening en ter uitbreiding van genoemde beheersactiviteit verder blijvend te gebruiken.
- Vervreemden van onroerende goederen indien zulke vervreemding past in het normale beheer van haar vermogen.
- Het beheer voor eigen rekening van allerhande patrimonia in het algemeen,financiële activa en beleggingsgoederen in het bijzonder.
- Het verlenen van raadgeving en diensten in de meest ruime zin van het woord aan bedrijven en ondernemingen van alle aard,onder meer op vlak van de administratie,het management,de bedrijfsorganisatie en de informatica.
- Onder eender welke vorm participaties te verwerven en/of aan te houden in bestaande en nog op te richten maatschappijen,door middel van inschrijving,inbreng,deelname of verhuring van aandelen in alle andere vennootschappen.
- Deze participaties beheren,te gelde maken en valoriseren,onder meer door deel te nemen aan het bestuur en het toezicht van de ondernemingen waarin zij participeert.
- Het beheren en besturen van andere vennootschappen door deze onder meer technische,administratieve en financiële bijstand te verlenen dit in de meest uitgebreide zin van het woord.
- Haar onroerende goederen in hypotheek stellen en al haar andere goederen,met inbegrip van het handelsfonds,in pand stellen,zich borgstellen en aval verlenen voor alle leningen,kredietopeningen en andere verbintenissen zowel voor haarzelf als voor alle derden op voorwaarde dat zij er zelf belang bij heeft.
- Alles doen wat rechtstreeks of onrechtstreeks tot de verwezenlijking van haar voorwerp,in de ruimste zin,kan bijdragen.
- Bij wijze van inbreng,overdracht,fusie,inschrijving,deelneming,financiële tussenkomst of op andere wijze,rechtstreeks of onrechtstreeks,belangen nemen of deelnemen in alle vennootschappen,ondernemingen,verenigingen of verrichtingen,die eenzelfde,gelijkaardig of verwant voorwerp hebben of die van aard zijn de verwezenlijking van haar voorwerp te bevorderen.
- Zich voor deze vennootschappen,ondernemingen of verenigingen,borg stellen of aval verlenen,voorschotten en kredieten toestaan,hypothecaire of andere waarborgen verstrekken.
- Binnen de perken van haar voorwerp,zowel in België,als in het buitenland,alle burgerrechtelijke,commerciële,industriële,financiële,intellectuele,organisatorische,roerende of onroerende verrichtingen doen.
- DurationHow long the company exists; usually unlimited, so until it is dissolved.
- Unlimited
- Name clauseThe name the company operates under according to its articles.
- TULP
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- “Vlaams Gewest, kan bij beslissing van de bestuurder(s) administratieve zetels,bijhuizen,agentschappen en kantoren vestigen in België en in…” (deed in Dutch)
Who represents it, and how
- Who signsWho may bind the company towards others, for example by signing a contract.
- “Externe vertegenwoordigingsmacht. Onverminderd bijzondere delegatie verleend door de bestuurder(s), vertegenwoordigt elke bestuurder alleen…”
- Board ruleHow the board is made up, meets and takes decisions.
- “Een of meer, bestuur” (deed in Dutch)“Plaatsvervangend bestuurder, volgen van rechtswege op” (deed in Dutch)“Alleen, elke bestuurder” (deed in Dutch)
Meetings and financial year
- Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
- Last Friday of May at 19:00
Oversight and winding up
- Liquidation ruleHow assets are shared after dissolution: creditors first, then shareholders.
- “Algemene vergadering in voorkomend geval, vereffening door bestuurders in functie” (deed in Dutch)