TUSPARK BELGIUM
ActiveTUSPARK BELGIUM has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €241k and a net result of €58k. Equity is growing by ~13.2% per year across the filed fiscal years. Its solvency ranks better than 82% of 9430 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2025
91
/ 100
Excellent
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability96▲+18
Solvency100=
Growth63▼-14
Track record100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €21k at 30 days acceptable
Liquidity ample (current ratio 5.78 against 5.18 in 2024; short-term debt: 16.8% and cash: 67.5% of total assets), and 16.8% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 71
Relative position
BE, all sectors
reference
Sector 71
lower
← 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 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
83.2%
Return on assets
20.1%
Age of the figures
9 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-07-2026, 0 days ahead of the deadline.
NBB · 6 filingsDeviation from the deadline
2025
on the day
2024
25 d late
2023
8 d early
2022
4 d early
2021
11 d early
2020
60 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
19-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Turnover
€241k▼ 28.6%
2024 · €337k
2021: €236k
2022: €318k
2023: €332k
2024: €337k
2021 → 2025
EBIT margin
25.8%▲ 14.1pp
2024 · 11.7%
2021: 92.4%
2022: 41.1%
2023: 6.3%
2024: 11.7%
2021 → 2025
Net result
€58k▲ 115%
2024 · €27k
2020: €-23k
2021: €166k
2022: €104k
2023: €23k
2024: €27k
2020 → 2025
Working capital
€233k▲ 16.3%
2024 · €200k
2020: €-3k
2021: €218k
2022: €201k
2023: €199k
2024: €200k
2020 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€236k-€318k▲ 34.7%€332k▲ 4.5%€337k▲ 1.5%€241k▼ 28.6%
Equity€139k-€218k▲ 57.2%€216k▼ 0.9%€213k▼ 1.3%€241k▲ 13.3%
Operating result€218k-€131k▼ 40.1%€21k▼ 84.0%€40k▲ 89.4%€62k▲ 57.4%
Net result€166k-€104k▼ 37.3%€23k▼ 77.8%€27k▲ 17.4%€58k▲ 115%
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 57% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €290k
Fixed assets
€9k▼ 32.3%
Current assets
€281k▲ 13.5%
Equity and liabilities €290k
Equity
€241k▲ 13.3%
Debt
€49k▲ 1.8%
The debt ratio falls from 18.3% to 16.8%. Equity and debt are higher.
Key figures and ratios
EBITDA
€66k▲
2024 · €43k
Cash flow
€62k▲
2024 · €31k
Solvency
83.2%▲
2024 · 81.7%
Current ratio
5.78▲
2024 · 5.18
Quick ratio
5.78▲
2024 · 5.18
Debt / equity
0.20▼
2024 · 0.22
ROE
24.2%▲
2024 · 12.7%
ROA
20.1%▲
2024 · 10.4%
Interest coverage
199.67▲
2024 · 196.58
Debt
€49k▲
2024 · €48k
Debt ≤ 1 year
€49k▲
2024 · €48k
Income taxes
€4k▼
2024 · €12k
Staff costs
€103k▼
2024 · €167k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€261k€290k▲
Fixed assets21/28€13k€9k▼
Intangible fixed assets21€2k€2k▼
Tangible fixed assets22/27€7k€4k▼
Furniture and vehicles24€7k€4k▼
Financial fixed assets28€4k€4k=
Current assets29/58€248k€281k▲
Amounts receivable within one year40/41€151k€84k▼
Trade receivables40€64k-
Other amounts receivable41€87k€84k▼
Cash at bank and in hand54/58€97k€196k▲
Deferred charges and accrued income490/1-€1k
Equity and liabilities
Total equity and liabilities10/49€261k€290k▲
Equity10/15€213k€241k▲
Contributions10/11€20k€20k=
Reserves13€2k€2k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Profit (loss) carried forward14€191k€219k▲
Amounts payable17/49€48k€49k▲
Amounts payable within one year42/48€48k€49k▲
Trade debts44€9k€5k▼
Suppliers440/4€9k€5k▼
Taxes, remuneration and social security45€35k€44k▲
Taxes450/3€35k€38k▲
Remuneration and social security454/9-€5k
Other amounts payable47/48€4k€150▼
Income statement
Code20242025
Turnover70€337k€241k▼
Non-recurring operating income76A-€2k
Goods, raw materials, services and sundry goods60/61€127k€73k▼
Remuneration, social security and pensions62€167k€103k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€4k€3k▼
Other operating charges640/8€129€532▲
Gross operating margin9900€211k€169k▼
Operating profit (loss)9901€40k€62k▲
Financial charges65/66B€221€329▲
Recurring financial charges65€221€329▲
Profit (loss) for the period before taxes9903€39k€62k▲
Income taxes67/77€12k€4k▼
Profit (loss) for the period9904€27k€58k▲
Profit (loss) for the period to be appropriated9905€27k€58k▲
Appropriation of the result
Profit (loss) to be appropriated9906€221k€249k▲
Profit (loss) brought forward from the previous period14P€194k€191k▼
Profit to be distributed694/7€30k€30k=
Directors or managers695€30k€30k=
The notes to these accounts (10 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
31-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
25-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 25 days late
2024
23-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
27-07
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
31-12
Financial
Equity above €200kEq €218k ▲57.2%
2 profitable years in a row build equity to €218k.
20-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Back to profitnet €166k
Net result €166k after one loss-making year.
31-12
Financial
Liquidity doublescurrent ratio 2.16
Current ratio from 0.90 to 2.16.
31-12
Financial
Equity above €100kEq €139k
Equity rises from €-3k to €139k.
01-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 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, Etterbeek · 1 establishment unit since 2019
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Louis Schmidtlaan 291040 EtterbeekGround area
4,115 m²
Building footprint
2,273 m²
Volume, LiDAR
34,859 m³
Parcel 21363B0348/00Z000, Brussels · tallest building 19.9 m, ±5 floors. Linked by address, not a title deed.
1 establishment unit
TUSPARK BELGIUM
since 20192.297.568.526
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21363B0348/00Z000 | Brussels | 4,115 m² | 1 · 2,273 m² | 19.9 m · 5 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 2,145 companies in sector 71209 we hold annual accounts for 1,085. 794 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded16-12-2019
Fiscal year end31-12
Activities, NACEBEL
62020IT consultancy
62200Computer consultancy and computer facilities management
71209Other technical testing and analysis
70200Business and other management consultancy
70220Business consulting
Sources
Crossroads Bank for EnterprisesNational Bank · 6 filingsAddress and cadastre registers
Data from official sources, last processed on 19-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
1 entryE-mail:wangdx@tuspark.com