Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Shrinking team NBB
FTE fell two years in a row, from 8 to 7.2.
Financials
Financial year 2025
TUSK IC from Antwerpen, company number BE0688725140, closed financial year 2025 with a result of € 684,081 after tax. For that financial year TUSK IC recorded a gross margin of € 1.7 million and equity of € 834,646. Compared with financial year 2024, the result moved from € -703,213 to € 684,081. Profitable, and profit is growing. The buffer is growing. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on May 22, 2026.
€ 834,646
▲ € 693,651 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 684,081
▲ still € 703,213 loss in 2024
Profit after tax over the fiscal year.
€ 185,529
▼ 21% vs 2024
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2025. Retained profit grew to € -672,432.
People and assets in 2025
7.2
▼ 0.6 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 762,904
▲ 9% vs 2024
€ 106,000 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.
€ 7,280
▲ 156% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 43,961
Loans from banks and other lenders, long and short.
€ 144,317
▲ 169% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 71,914
▼ 4% vs 2024
Wages, holiday pay and social contributions still to pay. No outstanding taxes.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € -11,442 | € -58,228 | € 30,897 | € 1,664,740 | ▲ € 1.6 million |
| Profit after taxes | € -623,034 | € -749,430 | € -703,213 | € 684,081 | ▲ € 1.4 million |
| Equity | € 614,495 | € -134,936 | € 140,995 | € 834,646 | ▲ € 693,651 |
| Total debts | € 68,489 | € 616,729 | € 454,409 | € 260,192 | ▼ 43% |
| Cash | € 461,011 | € 313,493 | € 233,964 | € 185,529 | ▼ 21% |
| Land & buildings | € 1,319 | € 911 | € 503 | € 95 | ▼ 81% |
| Retained profit | € 96,131 | € -653,300 | € -1,356,512 | € -672,432 | ▲ € 684,081 |
| Bank debt | € 0 | € 502,549 | € 0 | € 43,961 | |
| Balance sheet total | € 682,984 | € 481,794 | € 595,404 | € 1,094,838 | ▲ 84% |
| Employees (FTE) | 7.1 | 8 | 7.8 | 7.2 | ▼ 0.6 |
Key figures of TUSK IC, 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 TUSK IC?
What happened at TUSK IC in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Kris Beyen stepped down as director. NBB
- PQR Services BV stepped down as director. NBB
- Raf Moons stepped down as director. NBB
- WoVol Consult stepped down as director. NBB
- Dawasal stepped down as director. NBB
- DharmIC stepped down as director. NBB
- Patrick Reynaert stepped down as director. NBB
- New annual accounts for financial year 2025: profit of € 684,081. Source: NBB ↗
In short
From € 623,034 loss in 2022 to € 684,081 profit in 2025.
Paid € 59,250 in corporate taxes since 2022.
Best year ever: 2025, with € 684,081 profit.
On average € 231,200 of value added per employee in 2025.
A new publication or filing at TUSK IC? 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 GEMMA FRISIUS-FONDS KU LEUVEN comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
TUSK ICThe shares are held by GEMMA FRISIUS-FONDS KU LEUVEN.
Directors
According to the 2025 annual accounts
Kris Beyen
Director
since 2024 · until 2030
Director · represented by Kathleen Philips
since 2025 · until 2030
Raf Moons
Director
since 2024 · until 2030
Director · represented by Wouter Volkaerts
since 2024 · until 2030
Director · represented by Wouter Steyaert
since 2024 · until 2030
Director · represented by Shailesh Kulkarni
since 2024 · until 2030
since 2024 · until 2030
Shareholders
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Cuperusstraat 5
2018 Antwerpen
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 1 companies are registered at this address.
All companies at this address →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
COMBELL-AS, BE
DNS
TransIP DNS
Domain
Domain
tusk-ic.com
Registered
2017-10-11
Registrar
Key-Systems GmbH
Expires
2026-10-11
Website info
Features
Security
Network
Details
- Company number
- 0688.725.140
- VAT number
- BE 0688.725.140
- Registered office
- Cuperusstraat 5, 2018 Antwerpen
- Names & denominations
- TUSK IC
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 22 January 2018
- Peppol
- Active · Active since 19 Dec 2024
- Contact
- tusk-ic.com
- Activities · NACE
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