Result
€109,208 €109,208
Back in profit in 2024, after a loss of €136,050 in 2023.
Tulu
Lifetime
6 annual accounts with figures on one time axispeak €391,206 (2024)
€391,206▲ 14×
lowest -€148,219 (2019)
€109,208▲ €245,257
peak €87,847 (2022)
€61,005▲ €109,208
€396,472▼ 24.2%
Board1 name since 2019
-
Documentsfilings and deeds
28-08-202528 days late
2024micro format
Gross margin from €28,820 to €391,206Back to profit: €109,208Equity from -€48,203 to €61,005Debts from €523,074 to €396,472Investments €21,293Cash from €124,963 to €23,652
Key points
from the 2024 annual accountsTurnover
≈ €890,000 estimated
The micro format states no turnover.
Debts
€396,472 87% of the balance sheet
Financial debts 1%Suppliers 82%Taxes and wages 8%Other 9%
Of this, €393,174 falls due within a year.
Investments
€16,293 46.1 × depreciation
Green is investment, beige is depreciation.
Filings
6 annual accounts 103 days past the deadline
2025 accounts not filed: deadline was 31-07-2026.
Position in the sector
€109,208
Higher net result than 95% of companies in land transport. Sector median €5,875 · 6,573 companies.
Checked score
39
Weak
Financially stronger than 54% of micro companies in land transport (NACE 49)
Probability in this band: 4.2% to 15.0%
Bankruptcy probability within 12 months
4.6% Elevated
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 1.8% across 9,097 companies (NACE 49, micro).
About 5 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 4.3%
01-2025: 4.3%● unchanged vs 12-2024
02-2025: 4.3%● unchanged vs 01-2025
03-2025: 4.2%▼ -0.1 percentage points vs 02-2025
04-2025: 4.3%▲ +0.1 percentage points vs 03-2025
05-2025: 4.3%● unchanged vs 04-2025
06-2025: 4.2%▼ -0.1 percentage points vs 05-2025
07-2025: 4.2%● unchanged vs 06-2025
08-2025: 4.6%▲ +0.4 percentage points vs 07-2025
09-2025: 2.9%▼ -1.7 percentage points vs 08-2025
10-2025: 2.9%● unchanged vs 09-2025
11-2025: 2.9%● unchanged vs 10-2025
12-2025: 2.9%● unchanged vs 11-2025
01-2026: 2.8%▼ -0.1 percentage points vs 12-2025lowest value
02-2026: 2.9%▲ +0.1 percentage points vs 01-2026
03-2026: 2.8%▼ -0.1 percentage points vs 02-2026
04-2026: 2.9%▲ +0.1 percentage points vs 03-2026
05-2026: 3.1%▲ +0.2 percentage points vs 04-2026
06-2026: 3.0%▼ -0.1 percentage points vs 05-2026
07-2026: 2.9%▼ -0.1 percentage points vs 06-2026
08-2026: 3.6%▲ +0.7 percentage points vs 07-2026
09-2026: 3.6%● unchanged vs 08-2026
10-2026: 4.6%▲ +1.0 percentage point vs 09-2026highest value
11-2026: 4.6%● unchanged vs 10-2026highest value
Financial strengthAverage
Score breakdown
raises risk
1 financial year not filed after the legal deadline; last filed accounts filed 28 days late; 2 of the last 3 accounts late
Figures for financial year 2024 (filed on 29-08-2025)
Sector: Land transport and transport via pipelines (NACE 49)
lowers risk
Size: total assets €457,476
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 (NACE 49, micro). It does better than 25% of them on solvency, 9% on liquidity, 86% on profitability and 95% on growth.
The bankruptcy probability was computed on 10-11-2026 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 31-12-2024.
Of the companies with a bankruptcy probability in the elevated class on 30-06-2025, 6.3% 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, 2,684 companies had the same profile as Tulu has now. Each dot stands for 7 companies, two years later.
97.3%
were still trading
1.2%
stopped another way
1.3%
went bankrupt
Another 0.1% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of Tulu itself is higher: 4.6% within 12 months. It rests on far more data about Tulu than the profile alone.
Test of the method
The method was tested on the 497,448 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 2,684 companies, not a prediction for Tulu. 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 €2,000 on 30-day terms, only on tighter conditions: elevated estimated bankruptcy probability calls for adjusted credit terms
Liquidity is insufficient, with a current ratio of 0.57 (0.51 in 2023), below 1. Short-term debt is 85.9% and cash 5.2% of total assets. 86.7% 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 risk
raises risk · Annual accounts not filed
The financial year that closed on 31-12-2025 was due at the National Bank by 31-07-2026. Nothing is on record, 103 days later.
NBB · 6 filingsPosition against the passed deadline
31-12-2025 year end31-07-2026 deadline11-11-2026 today
raises risk · 2024 accounts filed 28 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 28-08-2025, 28 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 6 filingsDeviation from the deadline
2025
not filed
2024
28 days late
2023
62 days late
2022
116 days late
2021
134 days late
2020
50 days early
2019
80 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 6 accounts on average 62 days after the deadline. In the sector (NACE 49), the median for financial year 2024 was on the deadline day, and 49% of those companies filed late.
Searched, nothing found (1)
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0727523952
Registered office moved from Sint-Niklaas to Temse
New registered office: Vrijheidstraat 11 bus 14, 9140 Temse · Previous registered office: Europark-Oost 14, 9100 Sint-Niklaas · General meeting of 24-09-2021 · Gazette deed
Incorporation
Founding capital of €8,000, 100 shares · Founder: KEHAYOV Mustafa · Appointment: KEHAYOV Mustafa (director) · published on 29-05-2019 · Gazette deed
First establishment
Vrijheidstraat 11, Temse
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| Tulu Temse | - | - | 13.3% | - |
| MKC TRANSPORT Evergem | - | - | 36.6% | - |
| Zozan Trans Hamme (Vl.) | - | - | 29.2% | - |
| MMplus Trans Roeselare | - | - | 44.4% | - |
| BMB TRANS Molenbeek-Saint-Jean | €0.9m | 9.2% | 19.2% | - |
| AURAS Grimbergen | - | - | 44.5% | - |
| BECKS TRANSPORTS Ans | €1.3m | 6.5% | 55.9% | - |
These companies have the same main activity as Tulu: freight transport by road (NACE 49410). They are comparable in size and age: total assets between €413,000 and €448,000, founded between 2018 and 2019.
Official details
Source: KBO- Status
- Active since 27-05-2019Normal situation
- Activity
- Freight transport by roadNACE 49410and 1 other
- Establishment unit
- 2.289.612.8439140 Temse, since 27-05-2019
- Financial year end
- 31 December
- Peppol
- Reachable since 26-11-2025
Insights on Tulu
Tulu files the micro format. That format states no turnover. The gross margin rose from €18,247 in 2019 to €391,206 in 2024.
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 Tulu
- What is the company number of Tulu?
- The company number of Tulu is 0727.523.952. The VAT number is the same number with BE in front: BE 0727.523.952.
- Where is Tulu based?
- The registered office is at Vrijheidstraat 11, 9140 Temse.Company details
- What does Tulu do?
- According to the KBO register, the main activity is freight transport by road (NACE 49410).
- What is the legal form of Tulu?
- Tulu is a private limited company (BV).
- When was Tulu founded?
- Tulu was founded on 27-05-2019.
- Is Tulu still active?
- Yes, Tulu is an active enterprise in the KBO register.
- What is the turnover of Tulu?
- The turnover in financial year 2024 is ≈ €890,000. This figure is estimated from the gross margin of €391,206 and 49 comparable companies (NACE 49410). It probably lies between €750,000 and €1.1m. In financial year 2022 turnover was €3.3m.Financials
- Is Tulu profitable?
- In financial year 2024, Tulu made a profit of €109,208.
- Where can I find the annual accounts of Tulu?
- Tulu filed 6 annual accounts with the National Bank of Belgium, the latest for financial year 2024.
Next steps
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