TULUC CONSTRUCT
ActiveSummary
The computed 12-month bankruptcy probability of TULUC CONSTRUCT is 1.7% (moderate). The 2025 annual accounts show equity of €95k and a net result of €28k. Equity is growing by ~29.7% per year across the filed fiscal years. Its solvency ranks better than 62% of 7500 sector peers (fiscal year 2025). The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability89▲+36
Solvency80▼-20
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
1.7%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €6k at 30 days acceptable
Liquidity ample (current ratio 2.26 against 7.25 in 2024; short-term debt: 32.7% and cash: 23.4% of total assets), and 44.8% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 41
Relative position
BE, all sectors
reference
Construction of residential and non-residential buildings (NACE 41)
about 67% more 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
55.2%
Return on assets
16.3%
Age of the figures
11 mo
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 d early
2024
11 d early
2023
29 d early
2022
8 d early
2021
22 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 31-10-2026 and is due by 31-05-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
25-09-2026 today31-10-2026 close31-05-2027 deadline
Financials · fiscal year 2025, micro schema
Turnover
€683k
EBIT margin
4.1%
Net result
€28k▲ 267%
2024 · €8k
2021: €19k
2022: €19k▲ +2.6% vs 2021
2023: €17k▼ -14.3% vs 2022
2024: €8k▼ -54.5% vs 2023lowest in 5 years
2025: €28k▲ +267% vs 2024highest in 5 years
2021 → 2025
Working capital
€70k▲ 13.5%
2024 · €62k
2021: €-3klowest in 5 years
2022: €9k▲ +440% vs 2021
2023: €25k▲ +166% vs 2022
2024: €62k▲ +153% vs 2023
2025: €70k▲ +13.5% vs 2024highest in 5 years
2021 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€683k-
Equity€23k-€42k▲ 84.7%€59k▲ 39.3%€67k▲ 12.8%€95k▲ 41.8%
2021: €23klowest in 5 years
2022: €42k▲ +84.7% vs 2021
2023: €59k▲ +39.3% vs 2022
2024: €67k▲ +12.8% vs 2023
2025: €95k▲ +41.8% vs 2024highest in 5 years
Operating result€28k-€27k▼ 2.6%€27k▼ 1.1%€22k▼ 18.9%€40k▲ 83.9%
2021: €28k
2022: €27k▼ -2.6% vs 2021
2023: €27k▼ -1.1% vs 2022
2024: €22k▼ -18.9% vs 2023lowest in 5 years
2025: €40k▲ +83.9% vs 2024highest in 5 years
Net result€19k-€19k▲ 2.6%€17k▼ 14.3%€8k▼ 54.5%€28k▲ 267%
2021: €19k
2022: €19k▲ +2.6% vs 2021
2023: €17k▼ -14.3% vs 2022
2024: €8k▼ -54.5% vs 2023lowest in 5 years
2025: €28k▲ +267% vs 2024highest in 5 years
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 84% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €171k
Fixed assets
€45k ▲ 884%
Current assets
€127k ▲ 75.6%
Equity and liabilities €171k
Equity
€95k ▲ 41.8%
Debt
€77k ▲ 673%
Debt's share of the balance-sheet total rises from 13.0% to 44.8%. Equity and debt are higher.
Key figures and ratios
EBITDA
€56k▲
2024 · €26k
Cash flow
€44k▲
2024 · €12k
Current ratio
2.26▼
2024 · 7.25
Debt to equity
0.81▲
2024 · 0.15
ROE
29.5%▲
2024 · 11.4%
ROA
16.3%▲
2024 · 9.9%
Interest coverage
90.92▲
2024 · 2.58
Debt ≤ 1 year
€56k▲
2024 · €10k
Debt > 1 year
€21k
Income taxes
€11k▲
2024 · €4k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 39 lines
Balance sheet
Code20242025
Assets
Total assets20/58€77k€171k▲
Fixed assets21/28€5k€45k▲
Tangible fixed assets22/27€5k€45k▲
Furniture and vehicles24€5k€45k▲
Current assets29/58€72k€127k▲
Amounts receivable within one year40/41€49k€87k▲
Trade receivables40€38k€60k▲
Other amounts receivable41€10k€26k▲
Cash at bank and in hand54/58€23k€40k▲
Equity and liabilities
Total equity and liabilities10/49€77k€171k▲
Equity10/15€67k€95k▲
Contributions10/11€4k€4k=
Reserves13€20k€20k=
Distributable reserves133€20k€20k=
Profit (loss) carried forward14€43k€71k▲
Amounts payable17/49€10k€77k▲
Amounts payable after more than one year17-€21k
Financial debts170/4-€21k
Amounts payable within one year42/48€10k€56k▲
Current portion of amounts payable after more than one year42€1k€10k▲
Trade debts44€3k€31k▲
Suppliers440/4€3k€31k▲
Taxes, remuneration and social security45€6k€15k▲
Taxes450/3€3k€10k▲
Remuneration and social security454/9€3k€5k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€5k€16k▲
Other operating charges640/8€15k€456▼
Gross operating margin9900€41k€56k▲
Operating profit (loss)9901€22k€40k▲
Financial charges65/66B€10k€615▼
Recurring financial charges65€10k€615▼
Profit (loss) for the period before taxes9903€11k€39k▲
Income taxes67/77€4k€11k▲
Profit (loss) for the period9904€8k€28k▲
Profit (loss) for the period to be appropriated9905€8k€28k▲
Appropriation of the result
Profit (loss) to be appropriated9906€48k€71k▲
Profit (loss) brought forward from the previous period14P€40k€43k▲
Transfer to equity691/2€5k-
To other reserves6921€5k-
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | €683k | - | - | - | - | - |
| Goods, raw materials, services and sundry goods60/61 | €636k | €439k | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €17k | €17k | €30k | €5k | €16k | ▲ 234% |
| Other operating charges640/8 | €2k | €3k | €2k | €15k | €456 | ▼ 97.0% |
| Gross operating margin9900 | €47k | €47k | €59k | €41k | €56k | ▲ 35.9% |
| Operating profit (loss)9901 | €28k | €27k | €27k | €22k | €40k | ▲ 83.9% |
| Financial charges65/66B | €1k | €807 | €3k | €10k | €615 | ▼ 94.0% |
| Recurring financial charges65 | €1k | €807 | €3k | €10k | €615 | ▼ 94.0% |
| Profit (loss) for the period before taxes9903 | €26k | €26k | €23k | €11k | €39k | ▲ 244% |
| Income taxes67/77 | €7k | €7k | €7k | €4k | €11k | ▲ 198% |
| Profit (loss) for the period9904 | €19k | €19k | €17k | €8k | €28k | ▲ 267% |
| Transfer from tax-exempt reserves789 | €0 | - | - | - | - | - |
| Transfer to tax-exempt reserves689 | €0 | - | - | - | - | - |
| Profit (loss) for the period to be appropriated9905 | €19k | €19k | €17k | €8k | €28k | ▲ 267% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €136k | €125k | €127k | €77k | €171k | ▲ 124% |
| Fixed assets21/28 | €34k | €51k | €34k | €5k | €45k | ▲ 884% |
| Tangible fixed assets22/27 | €34k | €51k | €34k | €5k | €45k | ▲ 884% |
| Plant, machinery and equipment23 | - | €33k | €21k | - | - | - |
| Furniture and vehicles24 | €34k | €18k | €13k | €5k | €45k | ▲ 884% |
| Current assets29/58 | €102k | €74k | €92k | €72k | €127k | ▲ 75.6% |
| Amounts receivable within one year40/41 | €57k | €65k | €86k | €49k | €87k | ▲ 78.2% |
| Trade receivables40 | €52k | €53k | €78k | €38k | €60k | ▲ 56.8% |
| Other amounts receivable41 | €5k | €11k | €9k | €10k | €26k | ▲ 160% |
| Cash at bank and in hand54/58 | €45k | €9k | €6k | €23k | €40k | ▲ 70.4% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €136k | €125k | €127k | €77k | €171k | ▲ 124% |
| Equity10/15 | €23k | €42k | €59k | €67k | €95k | ▲ 41.8% |
| Contributions10/11 | €4k | €4k | €4k | €4k | €4k | = |
| Outside capital11 | - | €4k | - | - | - | - |
| Share premium1100/10 | - | €4k | - | - | - | - |
| Reserves13 | - | - | €15k | €20k | €20k | = |
| Distributable reserves133 | - | - | €15k | €20k | €20k | = |
| Profit (loss) carried forward14 | €19k | €38k | €40k | €43k | €71k | ▲ 65.3% |
| Amounts payable17/49 | €113k | €83k | €68k | €10k | €77k | ▲ 673% |
| Amounts payable after more than one year17 | €9k | €18k | - | - | €21k | - |
| Financial debts170/4 | €9k | €18k | - | - | €21k | - |
| Amounts payable within one year42/48 | €105k | €65k | €68k | €10k | €56k | ▲ 464% |
| Current portion of amounts payable after more than one year42 | €11k | €35k | €23k | €1k | €10k | ▲ 766% |
| Trade debts44 | €74k | €22k | €34k | €3k | €31k | ▲ 1,001% |
| Suppliers440/4 | €58k | €22k | €29k | €3k | €31k | ▲ 1,001% |
| Bills of exchange payable441 | €16k | - | €4k | - | - | - |
| Taxes, remuneration and social security45 | €19k | €8k | €11k | €6k | €15k | ▲ 153% |
| Taxes450/3 | - | - | €2k | €3k | €10k | ▲ 278% |
| Remuneration and social security454/9 | €19k | €8k | €10k | €3k | €5k | ▲ 49.9% |
| Other amounts payable47/48 | €630 | - | - | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €19k | €19k | €17k | €8k | €28k | ▲ 267% |
| + Depreciation and write-downs630 | €17k | €17k | €30k | €5k | €16k | ▲ 234% |
| Operating cash flow (approximation) | €36k | €37k | €47k | €12k | €44k | ▲ 254% |
| Investment in fixed assets (approximation) | - | €-34k | €-13k | €25k | €-56k | ▼ 324% |
| Change in cash | - | €-36k | €-3k | €18k | €17k | ▼ 5.6% |
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
10-04
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-10
Financial
Highest result since 2021net €28k ▲267%
Operating result €40k, net result €28k, both a record.
20-05
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-10
Financial
Weakest financial yearnet €8k ▼54.5%
Net result drops to €8k, the lowest in the series; recovery starts the following year.
31-10
Financial
Liquidity times 5current ratio 7.25
Current ratio from 1.36 to 7.25; short-term debt falls from €68k to €10k.
02-05
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
23-05
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
09-05
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 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
2 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, Ternat · 1 establishment unit since 2020
Ground area
658 m²
Building footprint
268 m²
Volume, LiDAR
1,523 m³
2 parcels, Flanders · tallest building 10.8 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
TULUC CONSTRUCT
since 20202.304.215.501
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23071C0921/00R000 | Flanders | 549 m² | 1 · 157 m² | 10.8 m · 1 fl. |
| 23071C0932/00Z000 | Flanders | 109 m² | 1 · 111 m² | 8.9 m · 2 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.
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Of 29,779 companies in sector 41001 we hold annual accounts for 16,044. 13,160 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
Founded24-06-2020
Fiscal year end31-10
Activities, NACEBEL 2025
41001General construction of residential buildings
41002Construction of residential and non-residential buildings
41003General construction of other non-residential buildings
81210General cleaning of buildings
Scores and ratios are computed by Checked and are not a credit decision.