ACTIVE

TUSK IC

Financial year 2025 · Closed on 31/12/2025

Net result
684,1 k €
+197,3 %over 1 year
Gross margin
1,7 M €
+5 288,1 %over 1 year
Equity
834,6 k €
+492,0 %over 1 year
Workforce
7,2 ETP
-7,7 %over 1 year

Identity

Source · BCE/KBO

TUSK IC is a Public limited company incorporated in 2018. Its main activity is: Engineering activities and related technical consultancy. Its registered office is in Antwerpen. It employs on average 7,2 ETP workers (FTE).

Legal situation
Normal situation
BCE/KBO no. / VAT
BE 0688.725.140
Incorporation
22/01/2018
Legal form
Public limited company
Registered office
Cuperusstraat 5
2018 Antwerpen · FlandreSee on map
Contributed capital
1 507 077,73 €
Latest accounts
31/12/2025
Average workforce
7,2 ETP
Joint committees (2)
  • 200
  • 20000
Signals
ProfitableSolid equityLow riskPositive cashflowPositive EBITDAHealthy social debts

Financials

Source · NBB, 8 filings

Trend over 8 financial years

20252024202320222021
Income statement
Gross margin1,7 M €30,9 k €-58,2 k €-11,4 k €474,9 k €
EBITDA900,6 k €-669,9 k €-696,7 k €-519 k €142,9 k €
Operating result684,2 k €-677,2 k €-720,4 k €-568,7 k €96,8 k €
Net result684,1 k €-703,2 k €-749,4 k €-623 k €81 k €
Balance sheet
Equity834,6 k €141 k €-134,9 k €614,5 k €1,2 M €
Total assets1,1 M €595,4 k €481,8 k €683 k €1,3 M €
Cash185,5 k €234 k €313,5 k €461 k €1 M €
Debts260,2 k €451,8 k €615 k €64,1 k €87,7 k €
Other
Workforce7,2 ETP7,8 ETP8,0 ETP7,1 ETP5,5 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

7 active · 21 ended

Active mandates

PQR Services

Director · since 07 mai 2025 · until 10 mai 2030 · 1021.369.517

Represented by Kathleen Philips

Active
Dawasal

Director · since 10 juillet 2024 · until 10 mai 2030 · 0712.577.638

Represented by Wouter Steyaert

Active
DharmIC

Director · since 10 juillet 2024 · until 10 mai 2030 · 0695.909.474

Represented by Shailesh Kulkarni

Active
Kris Beyen

Director · since 10 juillet 2024 · until 10 mai 2030

Active
Patrick Reynaert

Director · since 10 juillet 2024 · until 10 mai 2030

Active
Raf Moons

Director · since 10 juillet 2024 · until 10 mai 2030

Active
WoVol Consult

Director · since 10 juillet 2024 · until 10 mai 2030 · 0692.848.927

Represented by Wouter Volkaerts

Active

Ended mandates

Dawasal

Director · since 08 mai 2024 · until 10 mai 2028 · 0712.577.638

Represented by Wouter STEYAERT

Ended
DharmIC

Director · since 08 mai 2024 · until 10 mai 2028 · 0695.909.474

Represented by Shailesh KULKARNI

Ended
WoVol Consult

Director · since 13 mai 2023 · until 11 mai 2028 · 0692.848.927

Represented by Wouter Volkaerts

Ended
Kris BEYEN

Director · since 10 mai 2023 · until 10 mai 2028

Ended

Other companies at this address

Cuperusstraat 5 2018 Antwerpen
CompanyCBE no.
Tusk IC STAK● Active
1042.554.218

Full financial information

Source · NBB
202520242023202220212020
Type of accountAbridged modelAbridged modelAbridged modelAbridged modelAbridged modelAbridged 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 date22/05/202612/05/202523/05/202431/05/202308/06/202231/05/2021
General meeting13/05/202607/05/202508/05/202410/05/202311/05/202212/05/2021
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, 8 filings
ModelClosingGeneral meetingFiledLanguageDocument
Abridged model31/12/202513/05/202622/05/2026DutchPDF
Abridged model31/12/202407/05/202512/05/2025DutchPDF
Abridged model31/12/202308/05/202423/05/2024DutchPDF
Abridged model31/12/202210/05/202331/05/2023DutchPDF
Abridged model31/12/202111/05/202208/06/2022DutchPDF
Abridged model31/12/202012/05/202131/05/2021DutchPDF
Abridged model31/12/201913/05/202009/06/2020DutchPDF
Micro model31/12/201808/05/201906/06/2019DutchPDF

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

7 active · 21 ended

Active mandates

PQR Services

Director · since 07 mai 2025 · until 10 mai 2030 · 1021.369.517

Represented by Kathleen Philips

Active
Dawasal

Director · since 10 juillet 2024 · until 10 mai 2030 · 0712.577.638

Represented by Wouter Steyaert

Active
DharmIC

Director · since 10 juillet 2024 · until 10 mai 2030 · 0695.909.474

Represented by Shailesh Kulkarni

Active
Kris Beyen

Director · since 10 juillet 2024 · until 10 mai 2030

Active
Patrick Reynaert

Director · since 10 juillet 2024 · until 10 mai 2030

Active
Raf Moons

Director · since 10 juillet 2024 · until 10 mai 2030

Active
WoVol Consult

Director · since 10 juillet 2024 · until 10 mai 2030 · 0692.848.927

Represented by Wouter Volkaerts

Active

Ended mandates

Dawasal

Director · since 08 mai 2024 · until 10 mai 2028 · 0712.577.638

Represented by Wouter STEYAERT

Ended
DharmIC

Director · since 08 mai 2024 · until 10 mai 2028 · 0695.909.474

Represented by Shailesh KULKARNI

Ended
WoVol Consult

Director · since 13 mai 2023 · until 11 mai 2028 · 0692.848.927

Represented by Wouter Volkaerts

Ended
Kris BEYEN

Director · since 10 mai 2023 · until 10 mai 2028

Ended

Ownership and network

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Try for 7 days

Belgian Official Gazette publications

Source · Belgian Official Gazette
  • Mandates23/06/2025
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates02/09/2024
    KAPITAAL - AANDELEN - ONTSLAGEN - BENOEMINGEN
    PDF
  • Other27/12/2023
    STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …)
    PDF
  • Mandates10/07/2023
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates19/02/2019
    MAATSCHAPPELIJKE ZETEL - ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates28/05/2018
    KAPITAAL - AANDELEN - ONTSLAGEN - BENOEMINGEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …) - WIJZIGING RECHTSVORM
    PDF
  • Other01/02/2018
    RUBRIEK OPRICHTING (NIEUWE RECHTSPERSOON, OPENING BIJKANTOOR, ENZ...)
    PDF

Similar companies

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

See the Business plan

Timeline

  1. 2025
    Annual accounts 2025684,1 k €↑
  2. 2024
    Annual accounts 2024-703,2 k €↑
  3. 2023
    Annual accounts 2023-749,4 k €↓
  4. 2022
    Annual accounts 2022-623 k €↓
  5. 2021
    Annual accounts 202181 k €↓
  6. 2020
    Annual accounts 2020608,8 k €↑
  7. 2019
    Annual accounts 2019159,9 k €↑
  8. 2018
    Annual accounts 2018-130,6 k €
  9. 22/01/2018
    IncorporationPublic limited company