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TUNCA

Active
Private limited companyfounded 20223 yrs activeLoodsenstraat 64, 9000 Gent, BelgiumKBO/BCE: BE 0793.986.075
Summary

The computed 12-month bankruptcy probability of TUNCA is 2.1% (moderate). The 2025 annual accounts show equity of €67,986 and a net result of €42,864. Equity is growing by ~166.9% per year across the filed fiscal years. Its solvency ranks better than 86% of 28374 sector peers (fiscal year 2025). The company has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals.

Checked score

Score 2025
Axes · tick = 2024
Profitability100=
Solvency100▲+11
Growth78=
Track record94
Bankruptcy probability, 12 months
2.1% Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €5,000 at 30 days acceptable
Liquidity ample (current ratio 4.63 against 2.04 in 2024; short-term debt: 18.6% and cash: 40.8% of total assets), and 18.6% of the assets are financed with debt.
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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 date
Age against the risk zone
highest failure risk from 2 to 8 years 3 years 0 10 y
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% 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 2025
Solvency, return and age of the figures
Solvency
81.4%
Return on assets
51.3%
Age of the figures
9 mo
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
42 d early
2023
96 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 28 days after the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% 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 31 August (3 of the last 3 filed years within 73 days of that day).
Companies Code · seven months
Position in the running window
30-09-2026 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

On 25 November 2022, TUNCA was incorporated as a Private limited company.1 Total assets went from EUR 20,317 in 2023 to EUR 83,558 in 2025.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2023 and 2025

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Financials · fiscal year 2025, micro schema

Equity
€67,986▲ 171%
2024 · €25,122
Total assets
€83,558▲ 114%
2024 · €38,962
Net result
€42,864▲ 4.5%
2024 · €41,020
Working capital
€56,596▲ 294%
2024 · €14,366
Trend over the years
In euros
In per cent
Ratio
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
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 43, Specialised construction activities, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).

Every figure with its change against the fiscal year before
favourable unfavourable
Line202320242025
Operating result-€26,590-€44,143€53,455▲ 21.1%
Net result-€27,897below the sector's middle half-€41,020above the sector's middle half€42,864above the sector's middle half▲ 4.5%
Equity-€15,897below the sector's middle half-€25,122within the sector's middle half€67,986within the sector's middle half▲ 171%
Total assets€20,317below the sector's middle half-€38,962below the sector's middle half▲ 91.8%€83,558within the sector's middle half▲ 114%
Debt€36,215-€13,840▼ 61.8%€15,572▲ 12.5%
Working capital-€23,695below the sector's middle half-€14,366within the sector's middle half€56,596within the sector's middle half▲ 294%
Solvency-78.2%below the sector's middle half-64.5%within the sector's middle half▲ 142.7pp81.4%above the sector's middle half▲ 16.9pp
Current ratio0.35below the sector's middle half-2.04within the sector's middle half▲ 1.694.63above the sector's middle half▲ 2.60
Return on assets (ROA)-137.3%below the sector's middle half-105.3%above the sector's middle half▲ 242.6pp51.3%above the sector's middle half▼ 54.0pp
above within below the middle half (P25 to P75) of NACE 43, Specialised construction activities, 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
-€50,000-€25,000€0€25,000€50,000Operating result 2023: -€26,590-€26,590Net result 2023: -€27,897-€27,897Operating result 2024: €44,143€44,143Net result 2024: €41,020€41,020Operating result 2025: €53,455€53,455Net result 2025: €42,864€42,864202320242025-€50,000-€25,000€0€25,000€50,000Operating result 2023: -€26,590-€26,600Net result 2023: -€27,897-€27,900Operating result 2024: €44,143€44,100Net result 2024: €41,020€41,000Operating result 2025: €53,455€53,500Net result 2025: €42,864€42,900202320242025
The operating result has risen two years in a row; 2025 is 21% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €83,558
Fixed assets €11,390 ▲ 5.9%
Current assets €72,169 ▲ 156%
Equity and liabilities €83,558
Equity €67,986 ▲ 171%
Debt €15,572 ▲ 12.5%
Debt's share of the balance-sheet total falls from 35.5% to 18.6%. Equity and debt are higher.
Key figures and ratios
2025 value · change against 2024
EBITDA
€57,269▲
2024 · €46,184
Cash flow
€46,678▲
2024 · €43,061
Debt to equity
0.23▼
2024 · 0.55
ROE
63.0%▼
2024 · 163.3%
Interest coverage
62.92▼
2024 · 284.37
Debt ≤ 1 year
€15,572▲
2024 · €13,840
Income taxes
€11,032▲
2024 · €3,394
Staff costs
€0=
2024 · €0
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 39,278 companies that looked in July 2024 the way this one looks now, 1.8% went bankrupt within 24 months and 96% are still going.

  • Micro
  • 2 to 5 years old
  • solvency 30% or more
  • a profit of 5% of the balance sheet or more
1.8% went bankrupt
2.3% stopped otherwise
96% still going

A further 0.1% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a bankruptcy probability of 2.1% 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 497,340 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 39,278 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 · 38 lines
Balance sheet Code20242025
Assets
Total assets20/58€38,962€83,558▲
Fixed assets21/28€10,756€11,390▲
Tangible fixed assets22/27€10,756€10,816▲
Plant, machinery and equipment23€5,797€3,797▼
Furniture and vehicles24€4,959€7,019▲
Financial fixed assets28-€574
Current assets29/58€28,206€72,169▲
Amounts receivable within one year40/41€24,774€38,115▲
Trade receivables40€7,957€474▼
Other amounts receivable41€16,817€37,640▲
Cash at bank and in hand54/58€3,432€34,054▲
Equity and liabilities
Total equity and liabilities10/49€38,962€83,558▲
Equity10/15€25,122€67,986▲
Contributions10/11€12,000€12,000=
Profit (loss) carried forward14€13,122€55,986▲
Amounts payable17/49€13,840€15,572▲
Amounts payable within one year42/48€13,840€15,572▲
Trade debts44€3,301€47▼
Suppliers440/4€3,301€47▼
Taxes, remuneration and social security45€3,394€11,032▲
Taxes450/3€3,394€11,032▲
Remuneration and social security454/9€0-
Other amounts payable47/48€7,144€4,493▼
Income statement Code20242025
Remuneration, social security and pensions62€0€0=
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2,041€3,814▲
Other operating charges640/8€626€1,356▲
Gross operating margin9900€46,810€58,625▲
Operating profit (loss)9901€44,143€53,455▲
Financial income75/76B€434€1,351▲
Recurring financial income75€434€1,351▲
Financial charges65/66B€162€910▲
Recurring financial charges65€162€910▲
Profit (loss) for the period before taxes9903€44,414€53,896▲
Income taxes67/77€3,394€11,032▲
Profit (loss) for the period9904€41,020€42,864▲
Profit (loss) for the period to be appropriated9905€41,020€42,864▲
Appropriation of the result
Profit (loss) to be appropriated9906€13,122€55,986▲
Profit (loss) brought forward from the previous period14P-€27,897€13,122▲

The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line202320242025Change
Remuneration, social security and pensions62€1,011€0€0-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2,203€2,041€3,814▲ 86.9%
Other operating charges640/8€973€626€1,356▲ 117%
Gross operating margin9900-€22,403€46,810€58,625▲ 25.2%
Operating profit (loss)9901-€26,590€44,143€53,455▲ 21.1%
Financial income75/76B€0€434€1,351▲ 212%
Recurring financial income75€0€434€1,351▲ 212%
Financial charges65/66B€1,308€162€910▲ 460%
Recurring financial charges65€1,308€162€910▲ 460%
Profit (loss) for the period before taxes9903-€27,897€44,414€53,896▲ 21.3%
Income taxes67/77-€3,394€11,032▲ 225%
Profit (loss) for the period9904-€27,897€41,020€42,864▲ 4.5%
Profit (loss) for the period to be appropriated9905-€27,897€41,020€42,864▲ 4.5%
Line202320242025Change
Assets
Total assets20/58€20,317€38,962€83,558▲ 114%
Fixed assets21/28€7,797€10,756€11,390▲ 5.9%
Tangible fixed assets22/27€7,797€10,756€10,816▲ 0.6%
Plant, machinery and equipment23€7,797€5,797€3,797▼ 34.5%
Furniture and vehicles24-€4,959€7,019▲ 41.5%
Financial fixed assets28--€574-
Current assets29/58€12,520€28,206€72,169▲ 156%
Amounts receivable within one year40/41€12,366€24,774€38,115▲ 53.9%
Trade receivables40€12,100€7,957€474▼ 94.0%
Other amounts receivable41€266€16,817€37,640▲ 124%
Cash at bank and in hand54/58€154€3,432€34,054▲ 892%
Equity and liabilities
Total equity and liabilities10/49€20,317€38,962€83,558▲ 114%
Equity10/15-€15,897€25,122€67,986▲ 171%
Contributions10/11€12,000€12,000€12,000=
Profit (loss) carried forward14-€27,897€13,122€55,986▲ 327%
Amounts payable17/49€36,215€13,840€15,572▲ 12.5%
Amounts payable within one year42/48€36,215€13,840€15,572▲ 12.5%
Trade debts44€9,082€3,301€47▼ 98.6%
Suppliers440/4€9,082€3,301€47▼ 98.6%
Taxes, remuneration and social security45€3,546€3,394€11,032▲ 225%
Taxes450/3€3,502€3,394€11,032▲ 225%
Remuneration and social security454/9€44€0--
Other amounts payable47/48€23,586€7,144€4,493▼ 37.1%
Line202320242025Change
Profit (loss) for the period9904-€27,897€41,020€42,864▲ 4.5%
+ Depreciation and write-downs630€2,203€2,041€3,814▲ 86.9%
Operating cash flow (approximation)-€25,695€43,061€46,678▲ 8.4%
Investment in fixed assets (approximation)--€5,000-€4,448▲ 11.0%
Change in cash-€3,279€30,622▲ 834%

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
2025
31-12
Financial Highest result since 2023net €42,864 ▲4.5%
Operating result €53,455, net result €42,864, both a record.
31-12
Financial Liquidity doublescurrent ratio 4.63
Current ratio from 2.04 to 4.63.
19-06
NBB filing Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial Back to profitnet €41,020
Net result €41,020 after one loss-making year.
31-12
Financial Liquidity times 6current ratio 2.04
Current ratio from 0.35 to 2.04; short-term debt falls from €36,215 to €13,840.
04-11
NBB filing Annual accounts filed
fiscal year 2023 · micro schema · 96 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts

We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.

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Directors · office · real estate

Directors
No directors read yet: 0 of 1 Gazette acts processed. See the function holders in the CBE →
Location & real-estate footprint
Registered office, Gent · 1 establishment unit since 2022
seat establishment The establishment unit on the map
Ground area
68 m²
Building footprint
52 m²
Parcel 44807G0552/00Y007, Flanders. Linked by address, not a title deed.
2 companies at this address See who is registered here
1 establishment unit
TUNCA
Loodsenstraat 64, 9000 GentRemediation activities and other waste management service activities
since 20222.338.276.258
1 parcel
Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
44807G0552/00Y007 Flanders 68 m² 1 · 52 m² -
Linked by address, not proof of ownership
Good to know
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

Recognised contractor

2 categories
TUNCA BV45207
category C2, class 1 · category P1, class 1
decision 30-06-2025

Parcel delivery

Notified to the BIPT
since 27-05-2026

Similar companies · same sector, comparable size

Of 22,818 companies in this sector we hold annual accounts for 10,343. 8,758 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector

Company details

Identification
Legal formPrivate limited company
Founded25-11-2022
Fiscal year end31-12
Activities, NACEBEL 2025
43211General electrical installation work
42211Civil engineering
42220Construction of utility projects for electricity and telecommunications
43130Specialised construction activities
43221Plumbing work
43222Installation of electric heating, air conditioning, cooling and ventilation
E-invoicing
Reachable via Peppol
Peppol ID 0208:0793986075
Registered 26-12-2025

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

Register as of 30 September 2026 · Peppol Directory

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