Tumulus Bakery
ActiveThe computed 12-month bankruptcy probability of Tumulus Bakery is 1.8% (moderate). The 2025 annual accounts show equity of €33k and a net result of €-30k. Its solvency ranks better than 29% of 1522 sector peers (fiscal year 2025). The company has been active since 2025 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes
Profitability0
Solvency8
Growth-
Stability67
Bankruptcy probability, 12 months
1.8%
Moderate
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.56), and 90.4% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Young company
A young company has little track record yet and statistically fails more often than an established one.
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 10
Relative position
BE, all sectors
reference
Sector 10
higher
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
9.6%
Return on assets
-8.7%
Age of the figures
8 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 30-07-2026, 1 day ahead of the deadline.
NBB · 1 filingDeviation from the deadline
2025
1 d early
← before the deadline
after the deadline →
Financials · fiscal year 2025, micro schema
Equity
€33k
Total assets
€344k
Net result
€-30k
Working capital
€-40k
Turnover and EBIT margin not published: the micro schema does not require them.
Balance-sheet composition
Assets €344k
Fixed assets
€293k
Current assets
€51k
Equity and liabilities €344k
Equity
€33k
Debt
€311k
Debt finances 90.4% of the balance-sheet total.
Key figures and ratios
EBITDA
€-10k
Cash flow
€-15k
Solvency
9.6%
Current ratio
0.56
Quick ratio
0.55
Debt / equity
9.42
ROE
-90.9%
ROA
-8.7%
Interest coverage
-2.19
Debt
€311k
Debt ≤ 1 year
€91k
Debt > 1 year
€220k
Staff costs
€51k
Filed annual accounts
As filed with the NBB · 2025
Balance sheet
Code2025
Assets
Total assets20/58€344k
Fixed assets21/28€293k
Intangible fixed assets21€16k
Tangible fixed assets22/27€275k
Plant, machinery and equipment23€90k
Furniture and vehicles24€124k
Leasing and similar rights25€61k
Financial fixed assets28€2k
Current assets29/58€51k
Stocks and contracts in progress3€1k
Stocks30/36€1k
Amounts receivable within one year40/41€5k
Trade receivables40€4k
Other amounts receivable41€210
Cash at bank and in hand54/58€42k
Deferred charges and accrued income490/1€3k
Equity and liabilities
Total equity and liabilities10/49€344k
Equity10/15€33k
Contributions10/11€63k
Profit (loss) carried forward14€-30k
Amounts payable17/49€311k
Amounts payable after more than one year17€220k
Financial debts170/4€220k
Amounts payable within one year42/48€91k
Current portion of amounts payable after more than one year42€27k
Trade debts44€25k
Suppliers440/4€25k
Taxes, remuneration and social security45€20k
Taxes450/3€6
Remuneration and social security454/9€20k
Other amounts payable47/48€19k
Accrued charges and deferred income492/3€766
Income statement
Code2025
Remuneration, social security and pensions62€51k
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€15k
Other operating charges640/8€301
Gross operating margin9900€41k
Operating profit (loss)9901€-25k
Financial income75/76B€20
Recurring financial income75€20
Financial charges65/66B€5k
Recurring financial charges65€5k
Profit (loss) for the period before taxes9903€-30k
Profit (loss) for the period9904€-30k
Profit (loss) for the period to be appropriated9905€-30k
Appropriation of the result
Profit (loss) to be appropriated9906€-30k
The notes to these accounts (13 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2026
30-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
NBB filing
Directors · office · real estate
Directors
1 act for this company is 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, Incourt · 1 establishment unit since 2025
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Rue du Jardinier 13A1315 IncourtGround area
1,332 m²
Building footprint
300 m²
Volume, LiDAR
1,926 m³
Parcel 25035B0129/00L000, Wallonia · tallest building 8.0 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Tumulus Bakery
since 20252.372.469.253
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25035B0129/00L000 | Wallonia | 1,332 m² | 1 · 300 m² | 8.0 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Food safety, FASFC
1 siteIncourt2.372.469.253
Similar companies · same sector, comparable size
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BE 0802.221.375
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ROEMIT
BE 1002.176.482
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LUYS
BE 0441.742.156
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BANKETBAKKERIJ VAN KERKHOVE FILIP
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Of 4,200 companies in sector 10712 we hold annual accounts for 1,851. 1,410 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded08-04-2025
Fiscal year end31-12
Activities, NACEBEL
10712Artisanal bread and fresh pastry making
Sources
Crossroads Bank for EnterprisesNational Bank · 1 filingAddress and cadastre registers
Data from official sources, last processed on 14-09-2026. Scores and ratios are computed by Checked and are not a credit decision.