ACTIVE

ASSOCIATION INTERNATIONALE DE L'INDUSTRIE DU TUNGSTENE - INTERNATIONAL TUNGSTEN INDUSTRY ASSOCIATION

Export PDF

Financial year 2025 · Closed on 31/12/2025

Net result-12,7 k €+91,8 %over 1 year

Gross margin80,3 k €+481,4 %over 1 year

Equity902,7 k €-1,4 %over 1 year

Workforce1,0 ETP0,0 %over 1 year

Identity

Source · BCE/KBO

ASSOCIATION INTERNATIONALE DE L'INDUSTRIE DU TUNGSTENE - INTERNATIONAL TUNGSTEN INDUSTRY ASSOCIATION is a International scientific organization under Belgian law incorporated in 1990. Its registered office is in Ixelles. It employs on average 1,0 ETP workers (FTE).

Legal situation: Normal situation
BCE/KBO no. / VAT: BE 0441.894.683
Incorporation: 08/11/1990
Legal form: International scientific organization under Belgian law
Registered office: Avenue Louise 489
1050 Ixelles · BruxellesSee on map
Latest accounts: 31/12/2025
Average workforce: 1,0 ETP

Signals

Solid equityLow riskGood liquidityHealthy social debts

Financials

Source · NBB, 7 filings

Trend over 7 financial years

	2025		2024		2023		2022		2021
Income statement
Gross margin	80,3 k €	+481%	-21,1 k €	+12.8%	-24,2 k €	-127%	88,2 k €	+372%	-32,4 k €
EBITDA	-32,8 k €	+78.3%	-151,1 k €	-8.9%	-138,7 k €	-751%	-16,3 k €	+87.5%	-130,8 k €
Operating result	-32,8 k €	+78.3%	-151,1 k €	-8.9%	-138,7 k €	-751%	-16,3 k €	+87.5%	-130,8 k €
Net result	-12,7 k €	+91.8%	-154,8 k €	-3.5%	-149,5 k €	-114%	-69,8 k €	+51.8%	-144,8 k €
Balance sheet
Equity	902,7 k €	-1.4%	915,4 k €	-14.5%	1,1 M €	-12.3%	1,2 M €	-5.4%	1,3 M €
Total assets	994,9 k €	-14.8%	1,2 M €	-5.5%	1,2 M €	-12.2%	1,4 M €	+1.2%	1,4 M €
Cash	970,6 k €	-15.9%	1,2 M €	-5.6%	1,2 M €	-13.1%	1,4 M €	+1.4%	1,4 M €
Debts	15,5 k €	-67.1%	47,2 k €	+45.0%	32,6 k €	+233%	9,8 k €	+21.0%	8,1 k €
Other
Workforce	1,0 ETP	0.0%	1,0 ETP	0.0%	1,0 ETP	0.0%	1,0 ETP		–

Valuation

Indicative valuation

As an indication, this company is worth

between 500 k€ and 1 M€

See the valuation

Board of directors

Source · NBB, accounts to 31/12/2025

12 active · 17 ended

Active mandates

Director	Mandates in this company	Period
Damian Goppert	Directorsince 17/10/2019Mandateended
Zhang XINLING	Directorsince 17/10/2019Mandateended
David Avedesian	Directorsince 22/09/2015Mandateended
Andreas Bock	Chairman of the board of directorsVice-président du Conseil d'AdministrationendedDirectorended
Daisuke Konishi	Director
David Vine	Director
Eric Rowe	Director
Philippe Ringeisen	Director
Shequan Wang	Director
Tao Xu	DirectorMandateended
Teemu Liukkonen	Vice-chairman of the board of directorsDirectorended
Zeiler Management GmbHRepresented by Burghard Zeiler	MandateDirectorendedManaging directorended

Ended mandates

Director	Mandates in this company	Period
Alex NIEUWPOORT	Director17/10/2019 → 31/12/2021
Eduardo Martin Manzanas	Director27/09/2018 → 31/12/2019
Hady Seyeda	Director27/09/2018 → 31/12/2020
Stacy Garrity	Director27/09/2018 → 31/12/2020

Other companies at this address

Avenue Louise 489 1050 Ixelles

Company	CBE no.
ADJ Civil Company● Active	0727.455.656
Adjumaca Civil Company● Active	0725.554.951
Aleisa Civil Company● Active	0725.527.138
ALTIUS CAPITAL INVESTMENT THREE● Active	0556.885.710
Ambassade de la République du Costa Rica● Active	0662.969.165
Arpège Groupe● Active	0761.827.013
Ashurst Perkins Coie Europe● Active	0770.935.412
ASM BELGIUM● Active	0474.630.007
BOSS SERVICES● Active	0457.104.085
Brominated Compounds Consortium Trustee● Active	0830.189.148
BURGER KING SEE● Active	0563.752.320
Checkout Belgium● Active	0775.692.271
Circle Advertising Civil Company● Active	0725.758.552
COMPAGNIE 14● Active	0463.784.318
Condor 1● Active	0770.906.213
Condor 2● Active	0770.919.574
Condor 3● Active	0770.920.762
Condor 4● Active	0794.356.853
CONDOR BIDCO● Active	0770.665.493
CONDOR FINCO● Active	0770.665.691

Full financial information

Source · NBB

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model
Start of the financial year	01/01/2025	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020
Closing of the financial year	31/12/2025	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	23/06/2026	11/08/2025	14/08/2024	07/09/2023	29/08/2022	29/03/2022
General meeting	10/06/2026	09/06/2025	03/06/2024	30/05/2023	10/06/2022	10/06/2021
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

Financial ratios

Source · NBB

Looking for more information about this company?

Try for free

Annual accounts filings

Source · NBB, 7 filings

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	10/06/2026	23/06/2026	French	PDF
Abridged model	31/12/2024	09/06/2025	11/08/2025	French	PDF
Abridged model	31/12/2023	03/06/2024	14/08/2024	French	PDF
Abridged model	31/12/2022	30/05/2023	07/09/2023	French	PDF
Abridged model	31/12/2021	10/06/2022	29/08/2022	French	PDF
Abridged model	31/12/2020	10/06/2021	29/03/2022	French	PDF
Abridged model	31/12/2019	28/08/2020	15/12/2020	French	PDF

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 500 k€ and 1 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.

Board of directors

Source · NBB, accounts to 31/12/2025

12 active · 17 ended

Active mandates

Director	Mandates in this company	Period
Damian Goppert	Directorsince 17/10/2019Mandateended
Zhang XINLING	Directorsince 17/10/2019Mandateended
David Avedesian	Directorsince 22/09/2015Mandateended
Andreas Bock	Chairman of the board of directorsVice-président du Conseil d'AdministrationendedDirectorended
Daisuke Konishi	Director
David Vine	Director
Eric Rowe	Director
Philippe Ringeisen	Director
Shequan Wang	Director
Tao Xu	DirectorMandateended
Teemu Liukkonen	Vice-chairman of the board of directorsDirectorended
Zeiler Management GmbHRepresented by Burghard Zeiler	MandateDirectorendedManaging directorended

Ended mandates

Director	Mandates in this company	Period
Alex NIEUWPOORT	Director17/10/2019 → 31/12/2021
Eduardo Martin Manzanas	Director27/09/2018 → 31/12/2019
Hady Seyeda	Director27/09/2018 → 31/12/2020
Stacy Garrity	Director27/09/2018 → 31/12/2020

Ownership and network

Looking for more information about this company?

Try for free

Belgian Official Gazette publications

Source · Belgian Official Gazette

Mandates17/03/2026
DEMISSIONS, NOMINATIONS
PDF
Mandates19/03/2025
DEMISSIONS, NOMINATIONS
PDF
Mandates02/05/2024
DEMISSIONS, NOMINATIONS
PDF
Mandates26/04/2024
DEMISSIONS, NOMINATIONS
PDF
Other07/03/2024
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
PDF
Mandates21/03/2023
DEMISSIONS, NOMINATIONS
PDF
Mandates28/04/2022
DEMISSIONS, NOMINATIONS
PDF
Mandates25/02/2022
DEMISSIONS, NOMINATIONS
PDF

Similar companies

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

See the Business plan

Timeline

Source · CBE, NBB annual accounts

Year

Identity

Incorporation

Name

Registered office

Annual accounts

Filings7 filings

Mandates

Alex NIEUWPOORT

Damian Goppert

Zhang XINLING

Hady Seyeda

Eduardo Martin Manzanas

Stacy Garrity

Akihiko Ikegaya

Michael Thalman

Schichun Huang

Dominic Heaton

David Avedesian

Claude Lanners

and 3 more mandates

1990199119921993199419951996199719981999200020012002200320042005200620072008200920102011201220132014201520162017201820192020202120222023202420252026

ASSOCIATION INTERNATIONALE DE L'INDUSTRIE DU TUNGSTENE - INTERNATIONAL TUNGSTEN INDUSTRY ASSOCIATION

Avenue Louise 489, 1050 Ixelles

Director

CurrentPlanned, not yet servedEndedAccounts filedToday

Registered offices

Source · NBB annual accounts, CBE

Registered address	Period	Source
Avenue Louise 489, 1050 IxellesCurrent	accounts 2021 → 2025	Accounts 2025 · 2026-00190619

Company names

Source · NBB annual accounts, CBE

Name	Period	Source
ASSOCIATION INTERNATIONALE DE L'INDUSTRIE DU TUNGSTENE - INTERNATIONAL TUNGSTEN INDUSTRY ASSOCIATIONCurrent	accounts 2021 → 2025	Accounts 2025 · 2026-00190619

Events

2025
Annual accounts 2025-12,7 k €↑
2024
Annual accounts 2024-154,8 k €↓
2023
Annual accounts 2023-149,5 k €↓
2022
Annual accounts 2022-69,8 k €↑
2021
Annual accounts 2021-144,8 k €↑
2020
Annual accounts 2020-165,8 k €↑
2019
Annual accounts 2019-229,5 k €
08/11/1990
IncorporationInternational scientific organization under Belgian law

ASSOCIATION INTERNATIONALE DE L'INDUSTRIE DU TUNGSTENE - INTERNATIONAL TUNGSTEN INDUSTRY ASSOCIATION

Overview

Identity

Financials

Valuation

Indicative valuation

Board of directors

Other companies at this address

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

Timeline

Registered offices

Company names

Events