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TUSH

Active
Private limited companyfounded 20206 yrs activeHoogpoort 50, 9000 Gent, BelgiumKBO/BCE: BE 0752.761.372
Summary

The computed 12-month bankruptcy probability of TUSH is 4.6% (elevated). The 2025 annual accounts show negative equity (-€61,837) and a net result of €47,852. Equity is shrinking by ~8.2% per year across the filed fiscal years. Its solvency ranks better than 18% of 13604 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
Profitability92▲+28
Solvency0=
Growth58=
Track record100
Bankruptcy probability, 12 months
4.6% Elevated
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.51 against 0.44 in 2024; short-term debt: 45.5% and cash: 9.6% of total assets), 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 · 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 →
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 6 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
Solvency, return and age of the figures
Solvency
-25.7%
Return on assets
19.9%
Age of the figures
18 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 18% of 13604 sector peers (2025).
NBB · sector comparison
Position among 13604 sector peers
Solvency
better than 18%
← weakest strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2025 was due by 31-10-2025 and was filed on 14-07-2025, 109 days ahead of the deadline.
NBB · 4 filings
Deviation from the deadline
2025
109 d early
2024
1 d early
2023
5 d early
2022
2 d late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 4 accounts on average 28 days before 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 31-03-2026 and is due by 31-10-2026. Nothing is late today.
Companies Code · seven months
Position in the running window
31-03-2026 close28-09-2026 today31-10-2026 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 20 August 2020, TUSH was incorporated as a Private limited company.1 Total assets went from EUR 275,428 in 2022 to EUR 240,229 in 2025.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2022 and 2025

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Financials · fiscal year 2025, micro schema

Equity
-€61,837▲ 43.6%
2024 · -€109,689
Total assets
€240,229▼ 8.9%
2024 · €263,668
Net result
€47,852
2024 · -€10,918
Working capital
-€53,388▲ 21.3%
2024 · -€67,854
Trend over the years

Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 56, Food and beverage service activities, each year against the same schema; no band under 30 filings. Dashed line: the median.

Every figure with its change against the fiscal year before
favourable unfavourable
Line2022202320242025
Operating result-€71,164--€40,192▲ 43.5%-€8,101▲ 79.8%€64,177
Net result-€74,890below the sector's middle half--€43,880below the sector's middle half▲ 41.4%-€10,918below the sector's middle half▲ 75.1%€47,852above the sector's middle half
Equity-€54,890below the sector's middle half--€98,771below the sector's middle half▼ 79.9%-€109,689below the sector's middle half▼ 11.1%-€61,837below the sector's middle half▲ 43.6%
Total assets€275,428within the sector's middle half-€247,859within the sector's middle half▼ 10.0%€263,668within the sector's middle half▲ 6.4%€240,229within the sector's middle half▼ 8.9%
Debt€330,319-€346,630▲ 4.9%€373,357▲ 7.7%€302,066▼ 19.1%
Working capital-€37,475within the sector's middle half--€51,053within the sector's middle half▼ 36.2%-€67,854within the sector's middle half▼ 32.9%-€53,388below the sector's middle half▲ 21.3%
Solvency-19.9%below the sector's middle half--39.8%below the sector's middle half▼ 19.9pp-41.6%below the sector's middle half▼ 1.8pp-25.7%below the sector's middle half▲ 15.9pp
Current ratio0.41below the sector's middle half-0.35below the sector's middle half▼ 0.060.44below the sector's middle half▲ 0.090.51below the sector's middle half▲ 0.07
Return on assets (ROA)-27.2%below the sector's middle half--17.7%below the sector's middle half▲ 9.5pp-4.1%below the sector's middle half▲ 13.6pp19.9%above the sector's middle half▲ 24.1pp
Staff (FTE)12.7within the sector's middle half8.7within the sector's middle half▼ 31.5%
above within below the middle half (P25 to P75) of NACE 56, Food and beverage service activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
-€100,000-€50,000€0€50,000Operating result 2022: -€71,164-€71,164Net result 2022: -€74,890-€74,890Operating result 2023: -€40,192-€40,192Net result 2023: -€43,880-€43,880Operating result 2024: -€8,101-€8,101Net result 2024: -€10,918-€10,918Operating result 2025: €64,177€64,177Net result 2025: €47,852€47,8522022202320242025-€50,000€0€50,000Operating result 2023: -€40,192-€40,200Net result 2023: -€43,880-€43,900Operating result 2024: -€8,101-€8,100Net result 2024: -€10,918-€10,900Operating result 2025: €64,177€64,200Net result 2025: €47,852€47,900202320242025
The operating result returns to profit in 2025: €64,177 after a loss of €8,101 in 2024, the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €240,229
Fixed assets €184,362 ▼ 12.2%
Current assets €55,867 ▲ 4.2%
Key figures and ratios
2025 value · change against 2024
EBITDA
€99,520▲
2024 · €24,217
Cash flow
€83,195▲
2024 · €21,400
Quick ratio
0.40▲
2024 · 0.35
Debt to equity
-4.88▼
2024 · -3.40
Interest coverage
5.76▼
2024 · 7.25
Debt ≤ 1 year
€109,256▼
2024 · €121,453
Debt > 1 year
€190,651▼
2024 · €250,449
Staff costs
€170,961▲
2024 · €146,978
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 2,178 companies that looked in July 2024 the way this one looks now, 4.3% went bankrupt within 24 months and 89% are still going.

  • Micro
  • 5 to 10 years old
  • negative equity
  • a profit of 5% of the balance sheet or more
4.3% went bankrupt
5.6% stopped otherwise
89% still going

A further 1.5% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a bankruptcy probability of 4.6% 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 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.

The companies in ten equal groups, from lowest to highest expected share.
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% 1.7%
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 75% 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 2,178 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 · 48 lines
Balance sheet Code20242025
Assets
Total assets20/58€263,668€240,229▼
Fixed assets21/28€210,069€184,362▼
Intangible fixed assets21€6,997€5,997▼
Tangible fixed assets22/27€200,421€175,394▼
Plant, machinery and equipment23€13,496€10,146▼
Furniture and vehicles24€24,607€17,810▼
Other tangible fixed assets26€162,318€147,438▼
Financial fixed assets28€2,650€2,970▲
Current assets29/58€53,599€55,867▲
Stocks and contracts in progress3€11,570€12,692▲
Stocks30/36€11,570€12,692▲
Amounts receivable within one year40/41€15,185€17,512▲
Trade receivables40€13,607€1,336▼
Other amounts receivable41€1,578€16,177▲
Cash at bank and in hand54/58€25,329€23,051▼
Deferred charges and accrued income490/1€1,515€2,612▲
Equity and liabilities
Total equity and liabilities10/49€263,668€240,229▼
Equity10/15-€109,689-€61,837▲
Contributions10/11€20,000€20,000=
Profit (loss) carried forward14-€129,689-€81,837▲
Amounts payable17/49€373,357€302,066▼
Amounts payable after more than one year17€250,449€190,651▼
Financial debts170/4€200,449€140,651▼
Other amounts payable178/9€50,000€50,000=
Amounts payable within one year42/48€121,453€109,256▼
Current portion of amounts payable after more than one year42€31,287€29,798▼
Trade debts44€33,443€48,182▲
Suppliers440/4€33,443€48,182▲
Taxes, remuneration and social security45€24,128€19,340▼
Taxes450/3€9,321€2,683▼
Remuneration and social security454/9€14,807€16,657▲
Other amounts payable47/48€32,595€11,935▼
Accrued charges and deferred income492/3€1,454€2,160▲
Income statement Code20242025
Remuneration, social security and pensions62€146,978€170,961▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€32,318€35,343▲
Other operating charges640/8€3,613€4,773▲
Gross operating margin9900€174,808€275,254▲
Operating profit (loss)9901-€8,101€64,177▲
Financial income75/76B€525€948▲
Recurring financial income75€525€948▲
Financial charges65/66B€3,342€17,273▲
Recurring financial charges65€3,342€17,273▲
Profit (loss) for the period before taxes9903-€10,918€47,852▲
Profit (loss) for the period9904-€10,918€47,852▲
Profit (loss) for the period to be appropriated9905-€10,918€47,852▲
Appropriation of the result
Profit (loss) to be appropriated9906-€129,689-€81,837▲
Profit (loss) brought forward from the previous period14P-€118,771-€129,689▼
Social balance
Average headcount (FTE)90878.7-

The notes to these accounts (15 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line2022202320242025Change
Remuneration, social security and pensions62€52,897€85,377€146,978€170,961▲ 16.3%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€16,054€30,654€32,318€35,343▲ 9.4%
Other operating charges640/8€1,059€1,181€3,613€4,773▲ 32.1%
Gross operating margin9900-€1,153€77,020€174,808€275,254▲ 57.5%
Operating profit (loss)9901-€71,164-€40,192-€8,101€64,177▲ 892%
Financial income75/76B€0€525€525€948▲ 80.5%
Recurring financial income75€0€525€525€948▲ 80.5%
Financial charges65/66B€3,727€4,214€3,342€17,273▲ 417%
Recurring financial charges65€3,727€4,214€3,342€17,273▲ 417%
Profit (loss) for the period before taxes9903-€74,890-€43,880-€10,918€47,852▲ 538%
Profit (loss) for the period9904-€74,890-€43,880-€10,918€47,852▲ 538%
Profit (loss) for the period to be appropriated9905-€74,890-€43,880-€10,918€47,852▲ 538%
Line2022202320242025Change
Assets
Total assets20/58€275,428€247,859€263,668€240,229▼ 8.9%
Fixed assets21/28€248,880€220,261€210,069€184,362▼ 12.2%
Intangible fixed assets21€8,997€7,997€6,997€5,997▼ 14.3%
Tangible fixed assets22/27€237,632€210,013€200,421€175,394▼ 12.5%
Plant, machinery and equipment23€21,982€18,556€13,496€10,146▼ 24.8%
Furniture and vehicles24€12,735€9,795€24,607€17,810▼ 27.6%
Other tangible fixed assets26€202,916€181,663€162,318€147,438▼ 9.2%
Financial fixed assets28€2,250€2,250€2,650€2,970▲ 12.1%
Current assets29/58€26,549€27,599€53,599€55,867▲ 4.2%
Stocks and contracts in progress3€14,900€12,050€11,570€12,692▲ 9.7%
Stocks30/36€14,900€12,050€11,570€12,692▲ 9.7%
Amounts receivable within one year40/41€1,634€8,498€15,185€17,512▲ 15.3%
Trade receivables40€868€8,005€13,607€1,336▼ 90.2%
Other amounts receivable41€766€493€1,578€16,177▲ 925%
Cash at bank and in hand54/58€8,777€6,017€25,329€23,051▼ 9.0%
Deferred charges and accrued income490/1€1,237€1,034€1,515€2,612▲ 72.3%
Equity and liabilities
Total equity and liabilities10/49€275,428€247,859€263,668€240,229▼ 8.9%
Equity10/15-€54,890-€98,771-€109,689-€61,837▲ 43.6%
Contributions10/11€20,000€20,000€20,000€20,000=
Profit (loss) carried forward14-€74,890-€118,771-€129,689-€81,837▲ 36.9%
Amounts payable17/49€330,319€346,630€373,357€302,066▼ 19.1%
Amounts payable after more than one year17€265,630€266,988€250,449€190,651▼ 23.9%
Financial debts170/4€215,630€216,988€200,449€140,651▼ 29.8%
Other amounts payable178/9€50,000€50,000€50,000€50,000=
Amounts payable within one year42/48€64,023€78,652€121,453€109,256▼ 10.0%
Current portion of amounts payable after more than one year42€28,293€28,642€31,287€29,798▼ 4.8%
Financial debts43€75€0---
Credit institutions430/8€75€0---
Trade debts44€21,417€18,669€33,443€48,182▲ 44.1%
Suppliers440/4€21,417€18,669€33,443€48,182▲ 44.1%
Taxes, remuneration and social security45€14,239€14,180€24,128€19,340▼ 19.8%
Taxes450/3€4,618€2,910€9,321€2,683▼ 71.2%
Remuneration and social security454/9€9,621€11,270€14,807€16,657▲ 12.5%
Other amounts payable47/48-€17,160€32,595€11,935▼ 63.4%
Accrued charges and deferred income492/3€665€990€1,454€2,160▲ 48.5%
Line2022202320242025Change
Profit (loss) for the period9904-€74,890-€43,880-€10,918€47,852▲ 538%
+ Depreciation and write-downs630€16,054€30,654€32,318€35,343▲ 9.4%
Operating cash flow (approximation)-€58,836-€13,227€21,400€83,195▲ 289%
Investment in fixed assets (approximation)--€2,035-€22,126-€9,636▲ 56.4%
Change in cash--€2,760€19,312-€2,277▼ 112%

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 31-10-2026
2025
14-07
NBB filing Annual accounts filed
fiscal year 2025 · micro schema
31-03
Financial Back to profitnet €47,852
Net result €47,852 after 3 loss-making years.
2024
30-10
NBB filing Annual accounts filed
fiscal year 2024 · abbreviated schema
2023
26-10
NBB filing Annual accounts filed
fiscal year 2023 · abbreviated schema
2022
02-11
NBB filing Annual accounts filed
fiscal year 2022 · abbreviated schema · 2 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts

We know of 3 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.

Have them read with priority Sign in to place this company at the front of the reading queue.

Directors · office · real estate

Directors
3 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, Gent · 1 establishment unit since 2020
seat establishment The establishment unit on the map
Ground area
147 m²
Building footprint
153 m²
Volume, LiDAR
1,661 m³
Parcel 44803C0375/00A000, Flanders · tallest building 16.0 m, ±4 floors. Linked by address, not a title deed.
3 companies at this address See who is registered here
1 establishment unit
TUSH
Hoogpoort 50, 9000 GentFood and beverage service activities
since 20202.305.853.811
1 parcel
Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
44803C0375/00A000 Flanders 147 m² 1 · 153 m² 16.0 m · 4 fl.
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.

Structure & network

Owners and holdings

1 owner

Chain of control

  1. MFPL 100%
  2. TUSH

Highest known parent: MFPL. The sources do not say who stands above it.

Owners 1

Holdings 0

No holding stated in the accounts, acts or LEI register we read.

According to the annual accounts of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.

Connections & network

No current directors or connected companies found in the register.

Recognitions · licences · registrations

Food safety, FASFC

1 site
Gent2.305.853.811
1 permission
Toelating · Eetgelegenheid · since 01-07-2021

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 20,505 companies in sector 56111 we hold annual accounts for 11,464. See the whole sector

Identification & contact

Identification
Legal formPrivate limited company
Founded20-08-2020
Fiscal year end31-03
Activities, NACEBEL 2025
56111Full-service restaurants
56210Event catering
E-invoicing
Reachable via Peppol
Peppol ID 0208:0752761372
Registered 05-11-2025

Register as of 28 September 2026 · Peppol Directory

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