TÜNDO-MANAGEMENT
ActiveSummary
TÜNDO-MANAGEMENT has been active since 2008 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €80,096 and a net result of €68,606. Equity is growing by ~44.8% per year across the filed fiscal years. Its solvency ranks better than 41% of 13484 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.5% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability90▲+85
Solvency45▲+18
Growth78=
Track record100
Bankruptcy probability, 12 months
1.5%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €4,500 at 30 days only on tighter terms
Liquidity tight (current ratio 1.26 against 0.89 in 2024; short-term debt: 55.1% and cash: 40.5% of total assets), and 79.7% of the assets are financed with debt.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 56
Relative position
BE, all sectors
reference
Food and beverage service activities (NACE 56)
about 206% more bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
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
20.3%
Return on assets
17.4%
Age of the figures
15 mo
raises risk · Filed more than 90 days late
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 20-05-2026, 109 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 10 filingsDeviation from the deadline
2025
109 d late
2024
35 d late
2023
12 d late
2022
48 d early
2021
55 d early
2020
36 d late
2019
11 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 14 days after the deadline; the sector median for financial year 2024 is 6 days after the deadline, and 52% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close27-09-2026 today31-01-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€80,096▲ 597%
2024 · €11,490
Total assets
€394,768▼ 16.7%
2024 · €473,818
Net result
€68,606
2024 · -€50,761
Working capital
€56,203
2024 · -€40,014
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result-€62,870€173,564€110,218▼ 36.5%-€42,957€120,135
Net result-€64,899€165,844€82,211▼ 50.4%-€50,761€68,606
Equity-€183,395▼ 54.8%-€17,551▲ 90.4%€64,661€11,490▼ 82.2%€80,096▲ 597%
Total assets€132,797▲ 164%€274,026▲ 106%€394,642▲ 44.0%€473,818▲ 20.1%€394,768▼ 16.7%
Debt€316,192▲ 87.3%€291,576▼ 7.8%€329,981▲ 13.2%€462,329▲ 40.1%€314,672▼ 31.9%
Working capital-€78,996▼ 271%€31,068€17,691▼ 43.1%-€40,014€56,203
Staff (FTE)7▲ 22.8%8.2▲ 17.1%8.2=11▲ 34.1%7.2▼ 34.5%
Turnover and EBIT margin not published: the micro schema does not require them.
Why a figure moved sharply
- 2022 Equity +90%, Total assets +106% on 2021. Cause not known from the registers.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €120,135 after a loss of €42,957 in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €394,768
Fixed assets
€121,017 ▼ 18.6%
Current assets
€273,751 ▼ 15.8%
Equity and liabilities €394,768
Equity
€80,096 ▲ 597%
Debt
€314,672 ▼ 31.9%
Debt's share of the balance-sheet total falls from 97.6% to 79.7%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€154,099▲
2024 · -€4,034
Cash flow
€102,570▲
2024 · -€11,837
Current ratio
1.26▲
2024 · 0.89
Quick ratio
1.15▲
2024 · 0.82
Debt to equity
3.93▼
2024 · 40.24
ROE
85.7%▲
2024 · -441.8%
ROA
17.4%▲
2024 · -10.7%
Interest coverage
8.83▲
2024 · -0.45
Debt ≤ 1 year
€217,547▼
2024 · €365,204
Debt > 1 year
€97,125=
2024 · €97,125
Income taxes
€34,191▲
2024 · -€1,066
Staff costs
€271,646▼
2024 · €319,452
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 5,049 companies that looked in July 2024 the way this one looks now, 1.5% went bankrupt within 24 months and 96% are still going.
- Micro
- 10 to 20 years old
- solvency 10 to 30%
- a profit of 5% of the balance sheet or more
1.5%
went bankrupt
2.3%
stopped otherwise
96%
still going
A further 0.4% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 1.5% 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 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
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 5,049 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
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €1,733 | €7,619 | €11,710 | €17,103 | ▲ 46.1% |
| Remuneration, social security and pensions62 | - | €292,573 | €239,301 | €319,452 | €271,646 | ▼ 15.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €7,224 | €13,334 | €14,768 | €38,924 | €33,964 | ▼ 12.7% |
| Other operating charges640/8 | - | €6,619 | €7,065 | €8,955 | €5,940 | ▼ 33.7% |
| Non-recurring operating charges66A | - | €391 | €2,101 | €2,500 | €2,326 | ▼ 7.0% |
| Gross operating margin9900 | €123,651 | €486,482 | €373,452 | €326,874 | €434,010 | ▲ 32.8% |
| Operating profit (loss)9901 | -€62,870 | €173,564 | €110,218 | -€42,957 | €120,135 | ▲ 380% |
| Financial income75/76B | - | €2 | €70 | €29 | €109 | ▲ 279% |
| Recurring financial income75 | - | €2 | €70 | €29 | €109 | ▲ 279% |
| Financial charges65/66B | - | €6,579 | €6,576 | €8,899 | €17,447 | ▲ 96.1% |
| Recurring financial charges65 | €2,628 | €6,579 | €6,576 | €8,899 | €17,447 | ▲ 96.1% |
| Profit (loss) for the period before taxes9903 | -€65,497 | €166,987 | €103,711 | -€51,827 | €102,797 | ▲ 298% |
| Income taxes67/77 | -€598 | €1,143 | €21,500 | -€1,066 | €34,191 | ▲ 3,307% |
| Profit (loss) for the period9904 | -€64,899 | €165,844 | €82,211 | -€50,761 | €68,606 | ▲ 235% |
| Profit (loss) for the period to be appropriated9905 | -€64,899 | €165,844 | €82,211 | -€50,761 | €68,606 | ▲ 235% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €132,797 | €274,026 | €394,642 | €473,818 | €394,768 | ▼ 16.7% |
| Fixed assets21/28 | €15,601 | €48,506 | €144,095 | €148,629 | €121,017 | ▼ 18.6% |
| Tangible fixed assets22/27 | €7,516 | €40,421 | €136,010 | €140,544 | €112,932 | ▼ 19.6% |
| Plant, machinery and equipment23 | - | €11,493 | €18,272 | €28,794 | €25,239 | ▼ 12.3% |
| Furniture and vehicles24 | - | €24,728 | €114,138 | €108,750 | €85,293 | ▼ 21.6% |
| Other tangible fixed assets26 | - | €4,200 | €3,600 | €3,000 | €2,400 | ▼ 20.0% |
| Financial fixed assets28 | €8,085 | €8,085 | €8,085 | €8,085 | €8,085 | = |
| Current assets29/58 | €117,196 | €225,520 | €250,547 | €325,189 | €273,751 | ▼ 15.8% |
| Stocks and contracts in progress3 | €10,034 | €25,713 | €29,606 | €25,433 | €24,031 | ▼ 5.5% |
| Stocks30/36 | - | €25,713 | €29,606 | €25,433 | €24,031 | ▼ 5.5% |
| Amounts receivable within one year40/41 | €14,076 | €28,390 | €46,217 | €185,821 | €89,480 | ▼ 51.8% |
| Trade receivables40 | - | €1,201 | €3,544 | €142,043 | €6,337 | ▼ 95.5% |
| Other amounts receivable41 | - | €27,189 | €42,673 | €43,778 | €83,143 | ▲ 89.9% |
| Cash at bank and in hand54/58 | €93,085 | €168,881 | €172,130 | €113,765 | €160,049 | ▲ 40.7% |
| Deferred charges and accrued income490/1 | - | €2,535 | €2,595 | €170 | €190 | ▲ 11.8% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €132,797 | €274,026 | €394,642 | €473,818 | €394,768 | ▼ 16.7% |
| Equity10/15 | -€183,395 | -€17,551 | €64,661 | €11,490 | €80,096 | ▲ 597% |
| Contributions10/11 | - | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Non-distributable reserves130/1 | - | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Reserves not available under the articles1311 | - | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Profit (loss) carried forward14 | -€203,855 | -€38,011 | €44,201 | -€8,970 | €59,636 | ▲ 765% |
| Amounts payable17/49 | €316,192 | €291,576 | €329,981 | €462,329 | €314,672 | ▼ 31.9% |
| Amounts payable after more than one year17 | €120,000 | €97,125 | €97,125 | €97,125 | €97,125 | = |
| Other amounts payable178/9 | - | €97,125 | €97,125 | €97,125 | €97,125 | = |
| Amounts payable within one year42/48 | €196,192 | €194,451 | €232,856 | €365,204 | €217,547 | ▼ 40.4% |
| Financial debts43 | - | €1,945 | €1,945 | €3,595 | €1,489 | ▼ 58.6% |
| Credit institutions430/8 | - | - | - | €4 | - | - |
| Other loans439 | - | €1,945 | €1,945 | €3,591 | €1,489 | ▼ 58.5% |
| Trade debts44 | €118,885 | €104,517 | €106,326 | €238,555 | €113,140 | ▼ 52.6% |
| Suppliers440/4 | - | €104,517 | €106,326 | €238,555 | €113,140 | ▼ 52.6% |
| Taxes, remuneration and social security45 | - | €86,881 | €87,973 | €112,752 | €102,918 | ▼ 8.7% |
| Taxes450/3 | - | €25,333 | €49,622 | €47,737 | €71,227 | ▲ 49.2% |
| Remuneration and social security454/9 | - | €61,548 | €38,351 | €65,016 | €31,691 | ▼ 51.3% |
| Other amounts payable47/48 | - | €1,108 | €36,612 | €10,301 | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€64,899 | €165,844 | €82,211 | -€50,761 | €68,606 | ▲ 235% |
| + Depreciation and write-downs630 | €7,224 | €13,334 | €14,768 | €38,924 | €33,964 | ▼ 12.7% |
| Operating cash flow (approximation) | -€57,675 | €179,179 | €96,979 | -€11,837 | €102,570 | ▲ 966% |
| Investment in fixed assets (approximation) | - | -€46,239 | -€110,356 | -€43,458 | -€6,353 | ▲ 85.4% |
| Change in cash | - | €75,796 | €3,248 | -€58,364 | €46,284 | ▲ 179% |
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
20-05
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 109 days late
2025
30-06
Financial
Back to profitnet €68,606
Net result €68,606 after one loss-making year.
07-03
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 35 days late
2024
12-02
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 12 days late
2022
14-12
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
30-06
Financial
Back to profitnet €165,844
Net result €165,844 after one loss-making year.
2021
07-12
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
08-03
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 36 days late
2020
30-06
Financial
Back to profitnet €6,714
Net result €6,714 after one loss-making year.
11-02
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 11 days late
2019
30-01
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
29-01
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
31-01
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts
We know of 5 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
5 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, Liège · 1 establishment unit since 2008
1 establishment unit
LA CAPITAINERIE
since 20082.174.935.087
Recognitions · licences · registrations
Food safety, FASFC
1 siteLiège2.174.935.087
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Of 20,506 companies in sector 56111 we hold annual accounts for 11,454. 9,757 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 (pre-2019)
Founded10-11-2008
Fiscal year end30-06
Activities, NACEBEL 2025
56111Full-service restaurants
56210Event catering
E-invoicing
Reachable via Peppol
Peppol ID
0208:0807681881
Also
9925:BE0807681881
Registered
14-12-2025
Register as of 26 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.