Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Negative equity NBB
More debt than assets in 4 of the last 4 fiscal years.
-
Two loss years in a row NBB
Negative result in 2024 and 2025.
-
Tight liquidity NBB
Cash and receivables cover 1 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
TULEBUG from Kuurne, company number BE0771635196, closed financial year 2025 with a result of € -143,804 after tax. For that financial year TULEBUG recorded a gross margin of € 50,523 and equity of € -540,186. Compared with financial year 2024, the result moved from € -136,390 to € -143,804. The company made a loss. More debts than assets. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on August 17, 2026.
€ -540,186
▼ € 143,804 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -143,804
▼ 5 % more loss than in 2024
Profit after tax over the fiscal year.
€ 6,873
▲ € 5,425 vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -550,186.
People and assets in 2025
0
Average over the fiscal year, from the social balance sheet.
€ 100,373
▼ 15% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 836,932
▼ 31% vs 2024
€ 51,528 is repaid this year. At this pace the long-term loan is gone in ≈ 16 years.
€ 29,152
▲ 217% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 4,371
▲ € 4,341 vs 2024
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 22,279 | € 32,987 | € 59,939 | € 50,523 | ▼ 16% |
| Profit after taxes | € -98,832 | € -171,161 | € -136,390 | € -143,804 | ▼ € 7,414 |
| Equity | € -88,832 | € -259,993 | € -396,382 | € -540,186 | ▼ € 143,804 |
| Total debts | € 1,438,157 | € 2,701,978 | € 2,568,252 | € 2,226,810 | ▼ 13% |
| Cash | € 74,288 | € 43,411 | € 1,448 | € 6,873 | ▲ € 5,425 |
| Land & buildings | € 1,179,238 | € 2,211,784 | € 1,956,530 | € 1,540,401 | ▼ 21% |
| Retained profit | € -98,832 | € -269,993 | € -406,382 | € -550,186 | ▼ € 143,804 |
| Bank debt | € 1,030,745 | € 1,415,157 | € 1,210,723 | € 836,932 | ▼ 31% |
| Balance sheet total | € 1,349,326 | € 2,441,985 | € 2,171,869 | € 1,686,624 | ▼ 22% |
Key figures of TULEBUG, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 31 July 2027.
What happened to TULEBUG?
What happened at TULEBUG in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 143,804. filed late Source: NBB ↗
- New establishment in Kortrijk. KBO
- B-KY BV became a director. NBB
- SEWOLAR BV became a director. NBB
- Start of the company according to the CBE. KBO
In short
From € 98,832 loss in 2022 to € 143,804 loss in 2025.
Management
The stake of Salmanazar, Sewolar comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
TULEBUGBehind TULEBUG are B-KY BV and SEWOLAR BV. The shares are held by Salmanazar (33.4%) and Sewolar (33.3%).
Directors
According to the 2025 annual accounts
Director · represented by GLENN BEECKMANS
Also active at: PROVOOST GEBROEDERS, VANCOILLIE INTERIORS, T.P.M., CORD, WATERPAS, Dagobert Holding, JAN ZONDER LAND, Duckstad +2 more
since 2021
Director · represented by STEVEN MESTDAGH
Also active at: PROVOOST GEBROEDERS, VANCOILLIE INTERIORS, T.P.M., Dagobert Holding, Duckstad, Atmos, BRUTOPIA
since 2021
Shareholders
33.4%
33.3%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Sint-Katriensteenweg 69
8520 Kuurne
Zwaluwenlaan(Kor) 16
8500 Kortrijk
Active since 22 July 2021
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 6 companies are registered at this address.
All companies at this address →PROVOOST GEBROEDERS same network
€ 1.6 million gross margin · 2025
CORD same network
€ 8,339 gross margin · 2025
Dagobert Holding same network
€ -8,479 gross margin · 2025
JAN ZONDER LAND same network
€ -37,587 gross margin · 2025
Duckstad same network
€ -1,689 gross margin · 2025
+1 more
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0771.635.196
- VAT number
- BE 0771.635.196
- Registered office
- Sint-Katriensteenweg 69, 8520 Kuurne
- Names & denominations
- TULEBUG
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 22 July 2021
- Peppol
- Active · Active since 24 Oct 2025
- Activities · NACE
Verhuur en exploitatie van eigen of geleased residentieel onroerend goed, exclusief sociale woningen