ACTIVE

TUC RAIL

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Financial year 2025 · Closed on 31/12/2025

Net result-2,2 M €-432,1 %over 1 year
Revenue182,1 M €-4,3 %over 1 year
Equity24,9 M €-4,3 %over 1 year
Workforce730,6 ETP+2,0 %over 1 year

Identity

Source · BCE/KBO

TUC RAIL is a Public limited company incorporated in 1992. Its main activity is: Engineering activities and related technical consultancy. Its registered office is in Saint-Gilles. It employs on average 730,6 ETP workers (FTE).

Legal situation
Normal situation
BCE/KBO no. / VAT
BE 0447.914.029
Incorporation
10/07/1992
Legal form
Public limited company
Registered office
Avenue Fonsny 39
1060 Saint-Gilles · BruxellesSee on map
Contributed capital
17 968 229,41 €
Latest accounts
31/12/2025
Average workforce
730,6 ETP
Joint committees (2)
  • 200
  • 218
Contacts
2 public details availableLog in to view
Signals
Good liquidityPositive EBITDAHealthy social debtsHigh revenue

Financials

Source · NBB, 42 filings

Trend over 3 financial years

202520232007
Income statement
Revenue182,1 M €190,3 M €67 M €
EBITDA3,9 M €1,2 M €3,2 M €
Operating result3 M €2,9 M €475,9 k €
Net result-2,2 M €671 k €35,3 k €
Balance sheet
Equity24,9 M €26 M €2,4 M €
Total assets124,1 M €130,9 M €160,6 M €
Cash13,3 M €4 M €75,6 k €
Debts97,9 M €103,5 M €155,5 M €
Other
Workforce730,6 ETP716,4 ETP305,1 ETP

Valuation

Indicative valuation

As an indication, this company is worth

between 0 € and 100 k€
See the valuation

Board of directors

Source · NBB, accounts to 31/12/2025

8 active · 10 ended

Active mandates

Estelle NAYES

Director · since 01 janvier 2026 · until 25 mars 2027

Active
Philippe DENAYER

Persoon belast met dagelijks bestuur · since 01 avril 2021 · until 01 avril 2027

Active
Benoit GILSON

Chairman of the board of directors · since 31 mars 2021 · until 25 mars 2027

Active
Jochen BULTINCK

Vice-chairman of the board of directors · since 31 mars 2021 · until 31 décembre 2025

Active
Ann BILLIAU

Director · since 25 mars 2021 · until 31 décembre 2025

Active
Antoine COLPAERT

Director · since 25 mars 2021 · until 25 mars 2027

Active
Christine VANDERVEEREN

Director · since 25 mars 2021 · until 25 mars 2027

Active
Eric MERCIER

Director · since 25 mars 2021 · until 25 mars 2027

Active

Ended mandates

Jochen BULTINCK

Vice-chairman of the board of directors · since 31 mars 2021 · until 25 mars 2027

Ended
Ann BILLIAU

Director · since 25 mars 2021 · until 25 mars 2027

Ended
Eduard CLEMENT-NYNS

Director · since 01 juillet 2007 · until 30 juin 2013

Ended
Antoine MARTENS

Director · since 24 mars 2005 · until 27 mars 2011

Ended

Full financial information

Source · NBB
202520242023202220212020
Type of accountFull modelFull modelFull modelFull modelFull modelFull model
Start of the financial year01/01/202501/01/202401/01/202301/01/202201/01/202101/01/2020
Closing of the financial year31/12/202531/12/202431/12/202331/12/202231/12/202131/12/2020
Length of the financial year12 months12 months12 months12 months12 months12 months
Filing date30/03/202614/04/202518/04/202431/03/202321/04/202220/04/2021
General meeting26/03/202627/03/202528/03/202423/03/202324/03/202225/03/2021
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls

Financial ratios

Source · NBB

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Annual accounts filings

Source · NBB, 42 filings
ModelClosingGeneral meetingFiledLanguageDocument
Full model31/12/202526/03/202630/03/2026DutchPDF
Full model31/12/202526/03/202630/03/2026FrenchPDF
Full model31/12/202427/03/202514/04/2025DutchPDF
Full model31/12/202427/03/202514/04/2025FrenchPDF
Full model31/12/202328/03/202418/04/2024FrenchPDF
Full model31/12/202328/03/202418/04/2024DutchPDF
Full model31/12/202223/03/202331/03/2023DutchPDF
Full model31/12/202223/03/202331/03/2023FrenchPDF
Full model31/12/202124/03/202221/04/2022DutchPDF
Full model31/12/202124/03/202221/04/2022FrenchPDF
Full model31/12/202025/03/202120/04/2021FrenchPDF
Full model31/12/202025/03/202120/04/2021DutchPDF
Full model31/12/201926/03/202020/04/2020FrenchPDF
Full model31/12/201926/03/202015/04/2020DutchPDF
Full model31/12/201827/03/201929/03/2019FrenchPDF
Full model31/12/201827/03/201929/03/2019DutchPDF
Full modelCorrection31/12/201722/03/201804/03/2019FrenchPDF
Full modelCorrection31/12/201722/03/201804/03/2019DutchPDF
Full model31/12/201722/03/201828/03/2018FrenchPDF
Full model31/12/201722/03/201828/03/2018DutchPDF
Full model31/12/201623/03/201710/04/2017DutchPDF
Full model31/12/201623/03/201704/04/2017FrenchPDF
Full model31/12/201524/03/201629/03/2016FrenchPDF
Full model31/12/201524/03/201629/03/2016DutchPDF
Full model31/12/201426/03/201508/04/2015DutchPDF
Full model31/12/201426/03/201508/04/2015FrenchPDF
Full model31/12/201327/03/201431/03/2014DutchPDF
Full model31/12/201327/03/201431/03/2014FrenchPDF
Full model31/12/201228/03/201308/04/2013FrenchPDF
Full model31/12/201228/03/201308/04/2013DutchPDF
Full model31/12/201122/03/201224/04/2012DutchPDF
Full model31/12/201122/03/201224/04/2012FrenchPDF
Full model31/12/201024/03/201115/04/2011DutchPDF
Full model31/12/201024/03/201114/04/2011FrenchPDF
Full model31/12/200925/03/201029/04/2010DutchPDF
Full model31/12/200925/03/201029/04/2010FrenchPDF
Full model31/12/200826/03/200921/04/2009DutchPDF
Full model31/12/200826/03/200921/04/2009FrenchPDF
Full model31/12/200727/03/200808/04/2008FrenchPDF
Full model31/12/200727/03/200808/04/2008DutchPDF
Full model31/12/200622/03/200723/03/2007FrenchPDF
Full model31/12/200622/03/200723/03/2007DutchPDF

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 0 € and 100 k€

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

8 active · 10 ended

Active mandates

Estelle NAYES

Director · since 01 janvier 2026 · until 25 mars 2027

Active
Philippe DENAYER

Persoon belast met dagelijks bestuur · since 01 avril 2021 · until 01 avril 2027

Active
Benoit GILSON

Chairman of the board of directors · since 31 mars 2021 · until 25 mars 2027

Active
Jochen BULTINCK

Vice-chairman of the board of directors · since 31 mars 2021 · until 31 décembre 2025

Active
Ann BILLIAU

Director · since 25 mars 2021 · until 31 décembre 2025

Active
Antoine COLPAERT

Director · since 25 mars 2021 · until 25 mars 2027

Active
Christine VANDERVEEREN

Director · since 25 mars 2021 · until 25 mars 2027

Active
Eric MERCIER

Director · since 25 mars 2021 · until 25 mars 2027

Active

Ended mandates

Jochen BULTINCK

Vice-chairman of the board of directors · since 31 mars 2021 · until 25 mars 2027

Ended
Ann BILLIAU

Director · since 25 mars 2021 · until 25 mars 2027

Ended
Eduard CLEMENT-NYNS

Director · since 01 juillet 2007 · until 30 juin 2013

Ended
Antoine MARTENS

Director · since 24 mars 2005 · until 27 mars 2011

Ended

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette
  • Other23/09/2026
    —
    PDF
  • Other23/09/2026
    —
    PDF
  • Mandates06/08/2026
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates06/08/2026
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Other08/06/2026
    DIVERSEN
    PDF
  • Other08/06/2026
    DIVERS
    PDF
  • Other05/05/2026
    DIVERSEN
    PDF
  • Other05/05/2026
    DIVERS
    PDF

Similar companies

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

See the Business plan

Timeline

  1. 01/01/2026
    nominationEstelle NAYES — administratrice
  2. 01/01/2026
    nominationEstelle NAYES — bestuurder
  3. 2025
    Annual accounts 2025-2,2 M €↓
  4. 2023
    Annual accounts 2023671 k €↑
  5. 23/03/2023
    nominationTanguy Legein — vaste vertegenwoordiger (revisor)
  6. 23/03/2023
    nominationMichaël Delbeke — vaste vertegenwoordiger (revisor)
  7. 23/03/2023
    nominationTanguy Legein — représentant permanent (commissaire)
  8. 23/03/2023
    nominationMichaël Delbeke — représentant permanent (commissaire)
  9. 01/10/2022
    nominationTanguy Legein — représentant permanent du commissaire
  10. 01/10/2022
    nominationTanguy Legein — permanente vertegenwoordiger van de commissaris
  11. 2007
    Annual accounts 200735,3 k €
  12. 10/07/1992
    IncorporationPublic limited company