Equity
€94,518 ▲ 41.8%
TULUC CONSTRUCT has made a profit in every financial year since 2021.
TULUC CONSTRUCT
Lifetime
5 annual accounts with figures on one time axispeak €58,600 (2023)
€56,339▲ 35.9%
peak €27,868 (2025)
€27,868▲ 267%
peak €94,518 (2025)
€94,518▲ 41.8%
€76,753▲ 673%
Board1 name since 2020
-
Documentsfilings and deeds
10-04-202651 days before the deadline
2025micro format
Gross margin from €41,454 to €56,339Result from €7,587 to €27,868Equity from €66,650 to €94,518Debts from €9,936 to €76,753Investments €56,261Cash from €23,494 to €40,025
Key points
from the 2025 annual accountsTurnover
≈ €290,000 estimated
The micro format states no turnover.
Debts
€76,753 ▲ 673%
Debts rose by €66,818 in 2025.
Investments
€56,261 3.5 × depreciation
Green is investment, beige is depreciation.
Liquidity
2.26 was 7.25 in 2024
Short-term debts rose from €9,936 to €56,029.
Filings
5 annual accounts since 2021
The last five annual accounts were filed 8 to 51 days before the end of the period.
Checked score
72
Healthy
Financially stronger than 71% of micro companies in construction of buildings (NACE 41)
Probability in this band: 0.55% to 1.5%
Bankruptcy probability within 12 months
0.6% Low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 1.5% across 13,458 companies (NACE 41, micro).
About 6 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 2.8%
01-2025: 2.8%● unchanged vs 12-2024
02-2025: 3.1%▲ +0.3 percentage points vs 01-2025
03-2025: 3.3%▲ +0.2 percentage points vs 02-2025
04-2025: 3.3%● unchanged vs 03-2025
05-2025: 3.5%▲ +0.2 percentage points vs 04-2025highest value
06-2025: 0.7%▼ -2.8 percentage points vs 05-2025
07-2025: 0.7%● unchanged vs 06-2025
08-2025: 0.6%▼ -0.1 percentage points vs 07-2025
09-2025: 0.6%● unchanged vs 08-2025
10-2025: 0.6%● unchanged vs 09-2025
11-2025: 0.6%● unchanged vs 10-2025lowest value
12-2025: 0.6%● unchanged vs 11-2025
01-2026: 0.6%● unchanged vs 12-2025
02-2026: 0.7%▲ +0.1 percentage points vs 01-2026
03-2026: 0.8%▲ +0.1 percentage points vs 02-2026
04-2026: 0.7%▼ -0.1 percentage points vs 03-2026
05-2026: 0.7%● unchanged vs 04-2026
06-2026: 0.8%▲ +0.1 percentage points vs 05-2026
07-2026: 0.8%● unchanged vs 06-2026
08-2026: 0.8%● unchanged vs 07-2026
09-2026: 0.6%▼ -0.2 percentage points vs 08-2026
10-2026: 0.6%● unchanged vs 09-2026
11-2026: 0.6%● unchanged vs 10-2026
Financial strengthStrong
Score breakdown
raises risk
Sector: Construction of residential and non-residential buildings (NACE 41)
Size: total assets €171,271
Founded in 2020
lowers risk
Liquidity: current ratio 2.26, cash €40,025
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 41, micro). It does better than 64% of them on solvency, 70% on liquidity, 74% on profitability and 76% 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 31-10-2025.
Of the companies with a bankruptcy probability in the low class on 30-06-2025, 0.8% 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, 26,972 companies had the same profile as TULUC CONSTRUCT has now. Each dot stands for 68 companies, two years later.
94.9%
were still trading
3.4%
stopped another way
1.6%
went bankrupt
Another 0.1% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of TULUC CONSTRUCT itself: 0.6% within 12 months.
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 26,972 companies, not a prediction for TULUC CONSTRUCT. 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 €6,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 2.26 (7.25 in 2024), above the usual 1.5. Short-term debt is 32.7% and cash 23.4% of total assets. 44.8% 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
Five signals.
lowers riskraises riskneutral
neutral · Latest accounts filed on time
The financial year that closed on 31-10-2025 was due by 31-05-2026 and was filed on 10-04-2026, 51 days ahead of the deadline.
NBB · 5 filingsDeviation from the deadline
2025
51 days early
2024
11 days early
2023
29 days early
2022
8 days early
2021
22 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 5 accounts on average 24 days before the deadline. In the sector (NACE 41), the median for financial year 2024 was on the deadline day, and 46% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The financial year that closed on 31-10-2026 is due by 31-05-2027. Nothing is late today. The company usually files around 9 May (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
31-10-2026 year end10-11-2026 today31-05-2027 deadline
Recent changes
Registered office moved to Sint Katherina Loombeek
New registered office: TERNAATSTRAAT NR 13/a 101, 1742 SINT KATHERINA LOOMBEEK · General meeting of 10-08-2020 · Gazette deed
Incorporation
Founding capital of €4,000, 100 shares · Founder: TULUC Valentin (comparant) · Appointment: TULUC Valentin (director) · published on 26-06-2020 · Gazette deed
First establishment
Ternatstraat 48, Ternat
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| TULUC CONSTRUCT Ternat | €171,271 | €56,339 | 55.2% | - |
| TIMAAR DESIGN Kraainem | €171,677 | €54,602 | 25.1% | - |
| Beeld Construct Linkebeek | €166,535 | €51,607 | 23.9% | - |
| Bouwonderneming Seppe Nys Glabbeek | €163,783 | €54,422 | 58.2% | - |
| PAT-ART Sint-Pieters-Leeuw | €153,444 | €53,060 | 42.3% | - |
| TOITURES MDS ALAIN Sint-Pieters-Leeuw | €180,380 | €50,566 | 76.6% | - |
| PVB CREATIF CONSTRUCT Wemmel | €178,952 | €63,291 | 61.7% | - |
These companies have the same main activity as TULUC CONSTRUCT: general construction of residential buildings (NACE 41001). They are comparable in size and age: total assets between €153,000 and €180,000, founded between 2019 and 2020.
Official details
Source: KBO- Status
- Active since 24-06-2020Normal situation
- Activity
- General construction of residential buildingsNACE 41001and 3 others
- Establishment unit
- 2.304.215.5011742 Ternat, since 24-06-2020
- Financial year end
- 31 October
- Peppol
- Reachable
Annual accounts to 31-10-2025
- €171,271▲ 124%
- Filing
- Filed on 10-04-2026, 51 days before the end of the filing period
Insights on TULUC CONSTRUCT
TULUC CONSTRUCT files the micro format. That format states no turnover. The gross margin rose from €46,950 in 2021 to €56,339 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 TULUC CONSTRUCT
- What is the company number of TULUC CONSTRUCT?
- The company number of TULUC CONSTRUCT is 0748.906.514. The VAT number is the same number with BE in front: BE 0748.906.514.
- Where is TULUC CONSTRUCT based?
- The registered office is at Ternatstraat 13a, 1742 Ternat.Company details
- What does TULUC CONSTRUCT do?
- According to the KBO register, the main activity is general construction of residential buildings (NACE 41001).
- What is the legal form of TULUC CONSTRUCT?
- TULUC CONSTRUCT is a private limited company (BV).
- When was TULUC CONSTRUCT founded?
- TULUC CONSTRUCT was founded on 24-06-2020.
- Is TULUC CONSTRUCT still active?
- Yes, TULUC CONSTRUCT is an active enterprise in the KBO register.
- What is the turnover of TULUC CONSTRUCT?
- The turnover in financial year 2025 is ≈ €290,000. This figure is estimated from the gross margin of €56,339 and 111 comparable companies (NACE 41001). It probably lies between €210,000 and €490,000. In financial year 2021 turnover was €683,366.Financials
- Is TULUC CONSTRUCT profitable?
- In financial year 2025, TULUC CONSTRUCT made a profit of €27,868.
- Where can I find the annual accounts of TULUC CONSTRUCT?
- TULUC CONSTRUCT filed 5 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of TULUC CONSTRUCT due?
- TULUC CONSTRUCT must file the annual accounts for financial year 2026 by 31-05-2027.Timeline
Next steps
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