ACTIVE

TRANSPORT KUSE

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Financial year 2024 · closed on 31/12/2024

Net result

659,3 k €

+36.1% YoY

Gross margin

2,3 M €

+27.7% YoY

Equity

2,8 M €

+14.4% YoY

Workforce

13,4 ETP

+7.2% YoY

What does TRANSPORT KUSE do?

TRANSPORT KUSE is a Private limited company incorporated in 1985. Its main activity is: Freight transport by road. Its registered office is in Sint-Gillis-Waas. It employs on average 13,4 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0428.362.193

Incorporation

30/12/1985

Legal form

Private limited company

Registered office

Kluizenmeersen(SGW) 5
9170 Sint-Gillis-Waas · FlandreSee on map

Contributed capital

18 592,01 €

Latest accounts

31/12/2024

Average workforce

13,4 ETP

Activities (NACE)

49410Freight transport by road· main 49410Freight transport by road 60242Television programming and broadcasting activities 42110Construction of roads and motorways 42110Construction of roads and motorways 45230Maintenance and repair of motor vehicles+1

Joint committees (4)

140
14001
218
226

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

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✦ Verdict · Analyst summary

Financials

Trend over 19 financial years

	2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	2,3 M €	+27.7%	1,8 M €	-7.9%	1,9 M €	+19.0%	1,6 M €	+24.2%	1,3 M €	-0.4%	1,3 M €	+20.9%	1,1 M €	+14.8%	943,2 k €	+22.6%	769,2 k €	-3.3%	795,3 k €	-2.2%	813,2 k €	+43.8%	565,5 k €	-10.4%	631,1 k €	+9.3%	577,6 k €	+22.3%	472,1 k €	+0.4%	470,2 k €	+6.7%	440,5 k €	+12.4%	392,0 k €	-7.0%	421,5 k €
EBITDA	1,2 M €	+27.6%	928,0 k €	-15.6%	1,1 M €	+39.4%	788,8 k €	+20.1%	656,6 k €	+6.9%	614,2 k €	+18.7%	517,2 k €	+19.2%	434,0 k €	+33.6%	324,8 k €	-4.7%	340,6 k €	+21.7%	280,0 k €	+36.1%	205,7 k €	-13.7%	238,3 k €	-4.9%	250,7 k €	+47.7%	169,8 k €	-27.9%	235,5 k €	+12.7%	209,0 k €	+8.3%	193,0 k €	+31.8%	146,4 k €
Operating result	944,2 k €	+32.7%	711,4 k €	-15.6%	843,0 k €	+61.5%	522,1 k €	+39.9%	373,3 k €	+74.2%	214,3 k €	+25.1%	171,3 k €	-3.4%	177,3 k €	+58.7%	111,7 k €	-24.1%	147,2 k €	+51.2%	97,4 k €	+948%	-11,5 k €	-125%	46,6 k €	+3.6%	45,0 k €	+582%	-9,3 k €	-116%	58,6 k €	-1.7%	59,7 k €	-7.6%	64,6 k €	+194%	22,0 k €
Net result	659,3 k €	+36.1%	484,5 k €	-16.6%	581,2 k €	+68.3%	345,4 k €	+38.6%	249,2 k €	+62.9%	152,9 k €	+36.5%	112,0 k €	+3.3%	108,4 k €	+77.4%	61,1 k €	-41.8%	105,0 k €	+46.6%	71,6 k €	+405%	-23,5 k €	-156%	41,6 k €	+83.7%	22,6 k €	+4.8%	21,6 k €	-74.3%	84,2 k €	+94.6%	43,3 k €	+2.1%	42,4 k €	+60.4%	26,4 k €
Balance sheet
Equity	2,8 M €	+14.4%	2,4 M €	+25.0%	1,9 M €	+42.8%	1,4 M €	+34.1%	1,0 M €	+32.6%	763,4 k €	-15.5%	903,9 k €	+14.1%	791,9 k €	+15.9%	683,5 k €	+9.8%	622,4 k €	+20.3%	517,4 k €	+240%	152,4 k €	-69.6%	501,9 k €	+6.7%	470,3 k €	+5.1%	447,6 k €	+5.1%	426,0 k €	+23.2%	345,9 k €	+10.4%	313,4 k €	+11.5%	281,0 k €
Total assets	4,0 M €	+21.1%	3,3 M €	+8.4%	3,1 M €	+5.7%	2,9 M €	+12.7%	2,6 M €	-2.6%	2,6 M €	+7.0%	2,5 M €	+16.6%	2,1 M €	+25.0%	1,7 M €	-3.2%	1,8 M €	+4.9%	1,7 M €	+14.6%	1,5 M €	+6.5%	1,4 M €	+15.7%	1,2 M €	+7.2%	1,1 M €	+5.7%	1,0 M €	+29.9%	804,5 k €	+17.0%	687,7 k €	-8.9%	754,7 k €
Cash	1,3 M €	+33.3%	1,0 M €	-13.3%	1,2 M €	+16.7%	995,7 k €	+30.0%	765,8 k €	+27.2%	602,1 k €	+11.4%	540,6 k €	+70.9%	316,4 k €	+33.9%	236,3 k €	-12.6%	270,5 k €	+3.5%	261,4 k €	-49.8%	520,5 k €	-1.3%	527,4 k €	+54.3%	341,8 k €	+26.6%	270,1 k €	+62.0%	166,7 k €	-0.1%	166,9 k €	+19.5%	139,7 k €	+10.4%	126,5 k €
Debts	1,2 M €	+42.5%	830,1 k €	-21.4%	1,1 M €	-28.2%	1,5 M €	-1.1%	1,5 M €	-17.6%	1,8 M €	+21.0%	1,5 M €	+19.2%	1,3 M €	+33.9%	935,8 k €	-11.2%	1,1 M €	-2.1%	1,1 M €	-12.3%	1,2 M €	+65.3%	742,6 k €	+16.4%	638,1 k €	+8.4%	588,5 k €	+3.5%	568,6 k €	+43.0%	397,6 k €	+21.9%	326,1 k €	-23.1%	424,3 k €
Other
Workforce	13,4 ETP	+7.2%	12,5 ETP	-1.6%	12,7 ETP	+5.0%	12,1 ETP	+16.3%	10,4 ETP	-6.3%	11,1 ETP	+15.6%	9,6 ETP	+28.0%	7,5 ETP	0.0%	7,5 ETP	-16.7%	9,0 ETP	0.0%	9,0 ETP	+28.6%	7,0 ETP	+16.7%	6,0 ETP	0.0%	6,0 ETP	+20.0%	5,0 ETP	+6.4%	4,7 ETP	+11.9%	4,2 ETP	+10.5%	3,8 ETP	-11.6%	4,3 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 5 M€ and 10 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2024 · 2 active · 1 ended

Active mandates

FREDERIK KUSE

Director

Active

PATRICK KUSE

Manager

Active

Ended mandates

PATRICK KUSE

Director

Ended

Annual accounts

Full financial information

	2024	2023	2022	2021	2020	2019
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model
Start of the financial year	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020	01/01/2019
Closing of the financial year	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020	31/12/2019
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	12/07/2025	29/10/2024	06/11/2023	16/05/2022	27/08/2021	09/11/2020
General meeting	07/06/2025	01/06/2024	10/10/2023	16/04/2022	30/06/2021	08/09/2020
Currency of the financial year	EUR	EUR	EUR	EUR	EUR	EUR
NBB quality label	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls

Ratios

Financial ratios

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Filings

Annual accounts filings

19 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2024	07/06/2025	12/07/2025	Dutch	PDF
Abridged model	31/12/2023	01/06/2024	29/10/2024	Dutch	PDF
Abridged model	31/12/2022	10/10/2023	06/11/2023	Dutch	PDF
Abridged model	31/12/2021	16/04/2022	16/05/2022	Dutch	PDF
Abridged model	31/12/2020	30/06/2021	27/08/2021	Dutch	PDF
Abridged model	31/12/2019	08/09/2020	09/11/2020	Dutch	PDF
Abridged model	31/12/2018	30/06/2019	30/08/2019	Dutch	PDF
Abridged model	31/12/2017	30/06/2018	31/08/2018	Dutch	PDF
Abridged model	31/12/2016	30/06/2017	30/08/2017	Dutch	PDF
Abridged model	31/12/2015	04/06/2016	21/08/2016	Dutch	PDF
Abridged model	31/12/2014	30/06/2015	31/08/2015	Dutch	PDF
Abridged model	31/12/2013	30/06/2014	28/08/2014	Dutch	PDF
Abridged model	31/12/2012	30/06/2013	29/08/2013	Dutch	PDF
Abridged model	31/12/2011	30/06/2012	28/08/2012	Dutch	PDF
Abridged model	31/12/2010	30/06/2011	28/07/2011	Dutch	PDF
Abridged model	31/12/2009	30/06/2010	29/07/2010	Dutch	PDF
Abridged model	31/12/2008	30/06/2009	29/07/2009	Dutch	PDF
Abridged model	31/12/2007	30/06/2008	28/07/2008	Dutch	PDF
Abridged model	31/12/2006	30/06/2007	18/07/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 5 M€ and 10 M€

The detail comes with the Business plan: low and high bounds, the valuation bridge for each financial year, transaction multiples by sector and size, group valuation and exports.

Discover the Business plan

Disclaimer

Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.

Governance

Board of directors

Seen on filing of 31/12/2024 · 2 active · 1 ended

Active mandates

FREDERIK KUSE

Director

Active

PATRICK KUSE

Manager

Active

Ended mandates

PATRICK KUSE

Director

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates05/01/2022
ONTSLAGEN - BENOEMINGEN
PDF
Mandates30/10/2019
MAATSCHAPPELIJKE ZETEL - KAPITAAL - AANDELEN - ONTSLAGEN - BENOEMINGEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM
PDF
Other03/04/2014
BENAMING - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Capital / shares14/10/2003
DOEL - ALGEMENE VERGADERING - KAPITAAL - AANDELEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF

Source: Belgian Official Gazette

Competition

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

2024
Annual accounts 2024659,3 k €↑
2023
Annual accounts 2023484,5 k €↓
2022
Annual accounts 2022581,2 k €↑
2021
Annual accounts 2021345,4 k €↑
2020
Annual accounts 2020249,2 k €↑
2019
Annual accounts 2019152,9 k €↑
2018
Annual accounts 2018112,0 k €↑
2017
Annual accounts 2017108,4 k €↑
2016
Annual accounts 201661,1 k €↓
2015
Annual accounts 2015105,0 k €↑
2014
Annual accounts 201471,6 k €↑
2013
Annual accounts 2013-23,5 k €↓
2013
Name changeTRANSPORT KUSE
2012
Annual accounts 201241,6 k €↑
2011
Annual accounts 201122,6 k €↑
2010
Annual accounts 201021,6 k €↓
2009
Annual accounts 200984,2 k €↑
2008
Annual accounts 200843,3 k €↑
2007
Annual accounts 200742,4 k €↑
2006
Annual accounts 200626,4 k €
2006
Name changeKUSE G. en P.
30/12/1985
IncorporationPrivate limited company

10/15	1 240 000	1 180 000	1 050 000
70	8 630 000	8 120 000	7 940 000
9904	412 000	388 000	301 000
17/49	2 970 000	3 140 000	3 380 000
9087	24,3	23,1	21,8

TRANSPORT KUSE

Overview

What does TRANSPORT KUSE do?

Trend over 19 financial years

Indicative valuation

Board of directors

Financials

Full financial information

Financial ratios

Annual accounts filings

Valuation

Indicative valuation

Directors & structure

Board of directors

Ownership and network

Publications

Belgian Official Gazette publications

Similar companies

Similar companies

Timeline