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Tunc Group

Active
Private limited companyfounded 20232 yrs activeHermijtstraat 3, 9940 Evergem, BelgiumKBO/BCE: BE 1002.790.552
Summary

The computed 12-month bankruptcy probability of Tunc Group is 3.2% (moderate). The 2025 annual accounts show negative equity (-€824) and a net result of -€600. Equity is shrinking by ~115.6% per year across the filed fiscal years. Its solvency ranks better than 5% of 1033 sector peers (fiscal year 2025). The company has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals.

Checked score

Score 2025
Axes · tick = 2024
Profitability0▼-40
Solvency0▼-16
Growth58▼-20
Track record82
Bankruptcy probability, 12 months
3.2% Moderate
0%0.5%1.5%4%10%≥ 25%
No credit on open account
balance sheet total too small for a liquidity verdict, and equity is negative.
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Signals

Five 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 date
Age against the risk zone
highest failure risk from 2 to 8 years 2 years 0 10 y
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 2025
Age of the figures
Age of the figures
9 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 42
Relative position
BE, all sectors
reference
Civil engineering (NACE 42)
about 27% more bankruptcies
← fewer bankruptcies more bankruptcies →
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025
Equity per financial year
232425
2023 to 2025 · latest year -€824
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 3 filings
Deviation from the deadline
2025
31 d late
2024
54 d late
2023
67 d late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 3 accounts on average 51 days after the deadline; the sector median for financial year 2024 is 2 days before the deadline, and 41% of the sector filed late.

Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. Usually files around 23 September (3 of the last 3 filed years within 30 days of that day).
Companies Code · seven months
Position in the running window
01-10-2026 today31-12-2026 close31-07-2027 deadline
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

Tunc Group was incorporated on 29 November 2023 as a Private limited company.1 The registered office moved to Merelbeke-Melle in 2026 and to Ertvelde in 2026.23 Since 2026, Merve Kurutepe has served as sole director of the company.3 Total assets fell from EUR 3,586 in 2023 to EUR 2,410 in 2025.4

  1. 1Crossroads Bank for Enterprises
  2. 2Belgian State Gazette, 24-03-2026
  3. 3Belgian State Gazette, 31-07-2026
  4. 4National Bank, annual accounts 2023 and 2025

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Financials · fiscal year 2025, micro schema

Equity
-€824▼ 268%
2024 · -€224
Total assets
€2,410▼ 6.0%
2024 · €2,565
Net result
-€600
2024 · €25
Working capital
-€824▼ 268%
2024 · -€224
Trend over the years
In euros
In euros
No line ticked in this group.

Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 42, Civil engineering, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital.

Every figure with its change against the fiscal year before
favourable unfavourable
Line202320242025
Operating result-€3,242-€153-€558
Net result-€3,249below the sector's middle half-€25below the sector's middle half-€600below the sector's middle half
Equity-€249below the sector's middle half--€224below the sector's middle half▲ 10.0%-€824below the sector's middle half▼ 268%
Total assets€3,586below the sector's middle half-€2,565below the sector's middle half▼ 28.5%€2,410below the sector's middle half▼ 6.0%
Debt€3,835-€2,788▼ 27.3%€3,234▲ 16.0%
Working capital-€249below the sector's middle half--€224below the sector's middle half▲ 10.0%-€824below the sector's middle half▼ 268%
above within below the middle half (P25 to P75) of NACE 42, Civil engineering, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
-€4,000-€3,000-€2,000-€1,000€0Operating result 2023: -€3,242-€3,242Net result 2023: -€3,249-€3,249Operating result 2024: €153€153Net result 2024: €25€25Operating result 2025: -€558-€558Net result 2025: -€600-€600202320242025-€4,000-€3,000-€2,000-€1,000€0Operating result 2023: -€3,242-€3,240Net result 2023: -€3,249-€3,250Operating result 2024: €153€153Net result 2024: €25€25Operating result 2025: -€558-€558Net result 2025: -€600-€600202320242025
The operating result turns negative in 2025: a loss of €558 after €153 in 2024.
Key figures and ratios
2025 value · change against 2024
Debt ≤ 1 year
€3,234▲
2024 · €2,788
Ratios withheld: a balance sheet total of €2,410 is too small for a meaningful ratio.
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 7,638 companies that looked in July 2024 the way this one looks now, 8.9% went bankrupt within 24 months and 85% are still going.

  • Micro
  • 2 to 5 years old
  • negative equity
  • a loss of 10% of the balance sheet or more
8.9% went bankrupt
5.6% stopped otherwise
85% still going

A further 0.7% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a bankruptcy probability of 3.2% 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 497,341 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.

The companies in ten equal groups, from lowest to highest expected share.
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% 1.0%
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% 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 7,638 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.

Annual accounts
Filed annual accounts As filed with the NBB · 2025 against 2024 · 25 lines
Balance sheet Code20242025
Assets
Total assets20/58€2,565€2,410▼
Current assets29/58€2,565€2,410▼
Amounts receivable within one year40/41€2,526€2,410▼
Trade receivables40€2,501€2,304▼
Other amounts receivable41€24€106▲
Cash at bank and in hand54/58€39€1▼
Equity and liabilities
Total equity and liabilities10/49€2,565€2,410▼
Equity10/15-€224-€824▼
Contributions10/11€3,000€3,000=
Profit (loss) carried forward14-€3,224-€3,824▼
Amounts payable17/49€2,788€3,234▲
Amounts payable within one year42/48€2,788€3,234▲
Trade debts44€1,207€0▼
Suppliers440/4€1,207€0▼
Other amounts payable47/48€1,581€3,234▲
Income statement Code20242025
Other operating charges640/8-€144
Gross operating margin9900€153-€414▼
Operating profit (loss)9901€153-€558▼
Financial charges65/66B€128€42▼
Recurring financial charges65€128€42▼
Profit (loss) for the period before taxes9903€25-€600▼
Profit (loss) for the period9904€25-€600▼
Profit (loss) for the period to be appropriated9905€25-€600▼
Appropriation of the result
Profit (loss) to be appropriated9906-€3,224-€3,824▼
Profit (loss) brought forward from the previous period14P-€3,249-€3,224▲

The notes to these accounts (1 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line202320242025Change
Other operating charges640/8--€144-
Gross operating margin9900-€3,242€153-€414▼ 370%
Operating profit (loss)9901-€3,242€153-€558▼ 464%
Financial charges65/66B€7€128€42▼ 67.1%
Recurring financial charges65€7€128€42▼ 67.1%
Profit (loss) for the period before taxes9903-€3,249€25-€600▼ 2,515%
Profit (loss) for the period9904-€3,249€25-€600▼ 2,515%
Profit (loss) for the period to be appropriated9905-€3,249€25-€600▼ 2,515%
Line202320242025Change
Assets
Total assets20/58€3,586€2,565€2,410▼ 6.0%
Current assets29/58€3,586€2,565€2,410▼ 6.0%
Amounts receivable within one year40/41€627€2,526€2,410▼ 4.6%
Trade receivables40-€2,501€2,304▼ 7.9%
Other amounts receivable41€627€24€106▲ 335%
Cash at bank and in hand54/58€2,959€39€1▼ 98.7%
Equity and liabilities
Total equity and liabilities10/49€3,586€2,565€2,410▼ 6.0%
Equity10/15-€249-€224-€824▼ 268%
Contributions10/11€3,000€3,000€3,000=
Outside capital11€3,000---
Other1109/19€3,000---
Profit (loss) carried forward14-€3,249-€3,224-€3,824▼ 18.6%
Amounts payable17/49€3,835€2,788€3,234▲ 16.0%
Amounts payable within one year42/48€3,835€2,788€3,234▲ 16.0%
Trade debts44€3,835€1,207€0▼ 100%
Suppliers440/4€3,835€1,207€0▼ 100%
Other amounts payable47/48-€1,581€3,234▲ 105%
Line202320242025Change
Profit (loss) for the period9904-€3,249€25-€600▼ 2,515%
Operating cash flow (approximation)-€3,249€25-€600▼ 2,515%
Change in cash--€2,920-€38▲ 98.7%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

Next filing, fiscal year 2026, expected by 31-07-2027
2026
31-08
NBB filing Annual accounts filed
fiscal year 2025 · micro schema · 31 days late
31-07
State Gazette act Resignation: Mehmed Sibel Seridzhan (director)
Appointment: Merve Kurutepe (sole director) · Share transfer · Shareholding6 facts ▸
  • General meeting, 01-07-2026
  • Director resignation, Mehmed Sibel Seridzhan (director)
  • Share transfer, Mehmed Sibel Seridzhan → Merve Kurutepe
  • Director appointment, Merve Kurutepe (sole director)
  • Shareholding, 01-07-2026
  • Registered-office move, Hermijtstraat 3, 9940 Ertvelde
24-03
State Gazette act Resignation: Ilker Tunc (director)
Appointment: Mehmed Sibel Seridzhan (director) · Share transfer · Registered-office move5 facts ▸
  • General meeting, 31/12/2025
  • Director resignation, Ilker Tunc (director)
  • Share transfer, Ilker Tunc → Mehmed Sibel Seridzhan
  • Director appointment, Mehmed Sibel Seridzhan (director)
  • Registered-office move, Hundelgemsesteenweg 175, 9820 Merelbeke-Melle
2025
23-09
NBB filing Annual accounts filed
fiscal year 2024 · micro schema · 54 days late
2024
31-12
Financial Back to profitnet €25
Net result €25 after one loss-making year.
06-10
NBB filing Annual accounts filed
fiscal year 2023 · micro schema · 67 days late
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
2 of 4 acts read
About the unread acts

Of the 4 Belgian State Gazette acts 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.

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Directors · office · real estate

Directors
1 director, last change in 2026
Merve Kurutepe
Sole director · since 01-07-2026
Current
Derived from published Gazette acts. The CBE keeps the official list of function holders; we do not read it, so the two can differ. See the function holders in the CBE →
Not every act has been read: a resignation may be missing here
2 of this company's 4 Belgian State Gazette acts have not been read yet. Appointments and resignations recorded in them are missing above: a director who resigned there may therefore still show here as sitting. The acts are in the Timeline.
Location & real-estate footprint
Registered office, Evergem · 1 establishment unit since 2023
seat establishment The establishment unit on the map
Ground area
411 m²
Building footprint
83 m²
Volume, LiDAR
277 m³
2 parcels, Flanders · tallest building 10.9 m. Linked by address, not a title deed.
1 establishment unit
Tunc Group
Jozef II-straat 103, 9000 GentRemediation activities and other waste management service activities
since 20232.352.846.450
2 parcels
Flanders 2 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
43006C0472/00N000 Flanders 327 m² - -
44810K0065/02H000 Flanders 84 m² 1 · 83 m² 10.9 m
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.

Mandate history

3 people since 2025, 1 in office
Show
  • Board
  • began earlier
Mandates per person, with start and end dates
Name Functions and periods
Merve Kurutepe
  • Sole director, from 01-07-2026 to date
Mehmed Sibel Seridzhan
  • Director, from 31-12-2025 to 01-07-2026
Tunc Ilker
  • Director, until 31-12-2025
See the board, name and seat on a given date →

Structure & network

Connections & network

1 current director
Depth

The network starts from this company’s directors. Other companies they run appear here as nodes.

This company Company Director Shareholding +N: links not shown yet Click a node to look further, drag to arrange, scroll to zoom.

Capital and shareholders

Shareholders according to the acts

The Belgian State Gazette names shareholders only when an act mentions them; the share register itself is not published.

Similar companies · same sector and region

This company's figures show no positive equity and no headcount, so a size comparison is not possible. These companies share only the sector and the region. Of 2,325 companies in this sector we hold annual accounts for 1,096. See the whole sector

Company details

Identification
Legal formPrivate limited company
Founded29-11-2023
Fiscal year end31-12
Activities, NACEBEL 2025
25510Coating of metals
42110Construction of roads and motorways
41001General construction of residential buildings
42220Construction of utility projects for electricity and telecommunications
46180Agents specialised in the wholesale of other particular products
47110Non-specialised retail sale with food, beverages or tobacco predominating
56301Cafés and bars
E-invoicing
Reachable via Peppol
Peppol ID 0208:1002790552
Also 9925:BE1002790552
Registered 27-11-2025

If you follow this company, Checked tells you the day it leaves the Peppol register.

Register as of 1 October 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.