Financials
Financial year 2025
TUC RAIL from Sint-Gillis (bij-Brussel), company number BE0447914029, closed financial year 2025 with a result of € -2.2 million after tax. For that financial year TUC RAIL recorded revenue of € 182.1 million and equity of € 24.9 million. Compared with financial year 2023, the result moved from € 671,023 to € -2.2 million. The company made a loss. The company holds a healthy buffer. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on March 30, 2026.
€ 24.9 million
▼ 4% vs 2023
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -2.2 million
▼ still € 671,023 profit in 2023
Profit after tax over the fiscal year.
€ 13.3 million
▲ 230% vs 2023
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € 6.9 million.
People and assets in 2025
730.6
▲ 14.2 vs 2023
Average over the fiscal year, from the social balance sheet.
€ 77.9 million
▲ 8% vs 2023
€ 106,600 per full-time equivalent. Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 2.5 million
▼ 40% vs 2023
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 31.6 million
▼ 22% vs 2023
Loans from banks and other lenders, long and short.
€ 23.3 million
▼ 6% vs 2023
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 84 days on average.
€ 22.3 million
▲ 8% vs 2023
Taxes, VAT and social contributions still to pay.
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| 2023 | 2025 | Change 2023 → 2025 | |
|---|---|---|---|
| Revenue | € 190,323,429 | € 182,065,313 | ▼ 4% |
| Profit after taxes | € 671,023 | € -2,228,139 | ▼ € 2.9 million |
| Equity | € 25,991,739 | € 24,876,841 | ▼ 4% |
| Total debts | € 103,866,449 | € 98,140,715 | ▼ 6% |
| Cash | € 4,016,572 | € 13,269,163 | ▲ 230% |
| Retained profit | € 8,023,509 | € 6,908,612 | ▼ 14% |
| Dividend | € 1,000,000 | € 0 | ▼ 100% |
| Bank debt | € 40,407,956 | € 31,569,381 | ▼ 22% |
| Balance sheet total | € 130,948,105 | € 124,053,782 | ▼ 5% |
| Employees (FTE) | 716.4 | 730.6 | ▲ 14.2 |
Key figures of TUC RAIL, fiscal years 2023 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 TUC RAIL?
What happened at TUC RAIL in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Philippe DENAYER stepped down as director. NBB
- Christine VANDERVEEREN stepped down as director. NBB
- Antoine COLPAERT stepped down as director. NBB
- Eric MERCIER stepped down as director. NBB
- Benoit GILSON stepped down as director. NBB
- Estelle NAYES stepped down as director. NBB
- New annual accounts for financial year 2025: loss of € 2.2 million (▼ € 2.9 million vs 2023). Source: NBB ↗
- Estelle NAYES became a director. NBB
In short
From € 671,023 profit in 2023 to € 2.2 million loss in 2025.
Paid € 2.2 million in corporate taxes since 2023.
Best year ever: 2023, with € 671,023 profit.
Paid out € 1 million in dividends to the owners in total.
A new publication or filing at TUC RAIL? We notify you, reason included.
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De Lijn 8 June 2026 New annual account 2025
filed on 8 June 2026
What was left
€ 20 k ▼ 91%
Money in the bank
€ 178 k ▼ 98%
Open the dossier →
NMBS 8 June 2026 New annual account 2025 What was left ▼ 80%
bpost 18 May 2026 New annual account 2025 What was left from loss to profit
Management
The stake of Chantier de Créosotage de BRUXELLES - Creosoteeringcentrum van Brussel comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
TUC RAILThe shares are held by Chantier de Créosotage de BRUXELLES - Creosoteeringcentrum van Brussel (0%).
Directors
According to the 2025 annual accounts
Philippe DENAYER
Persoon belast met dagelijks bestuur
since 2021 · until 2027
Christine VANDERVEEREN
Director
Also active at: WOODPROTECT BELGIUM, SPV 162, SPV ZWANKENDAMME, SPV BRUSSELS PORT
since 2021 · until 2027
Jochen BULTINCK
Vice-chairman of the board
since 2021 · until 2025
Antoine COLPAERT
Director
since 2021 · until 2027
Ann BILLIAU
Director
since 2021 · until 2025
Eric MERCIER
Director
since 2021 · until 2027
since 2021 · until 2027
Estelle NAYES
Director
since 2026 · until 2027
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Fonsnylaan 39
1060 Sint-Gillis (bij-Brussel)
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Website
Technologies
Hosting & Email
Email provider
Microsoft 365
Hosting
VERIXI, BE
Website info
Features
Security
Details
- Company number
- 0447.914.029
- VAT number
- BE 0447.914.029
- Registered office
- Fonsnylaan 39, 1060 Sint-Gillis (bij-Brussel)
- Names & denominations
- TUC RAIL
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 10 July 1992
- Peppol
- Active · Active since 20 Nov 2020
- Contact
- tucrail.be 02/432.78.11
- Activities · NACE
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