ACTIVE

Flyerco I

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Financial year 2025 · closed on 31/12/2025

Net result

-21,7 k €

-277.1% YoY

Gross margin

-8,1 k €

-122.5% YoY

Equity

22,9 M €

-0.1% YoY

What does Flyerco I do?

Flyerco I is a Public limited company incorporated in 1961. Its main activity is: Warehousing and storage. Its registered office is in Bornem.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0403.522.770

Incorporation

22/11/1961

Legal form

Public limited company

Registered office

Klein-Mechelen(BOR) 18A
2880 Bornem · FlandreSee on map

Contributed capital

145 511,36 €

Latest accounts

31/12/2025

Activities (NACE)

52100Warehousing and storage· main 52100Warehousing and storage

Joint committees (2)

Signals

Solid equityLow riskGood liquidity

View the BCE/KBO Public Search record →

Health score

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✦ Verdict · Analyst summary

Financials

Trend over 17 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009
Income statement
Gross margin	-8,1 k €	-122%	36,1 k €	-36.2%	56,6 k €		–		–		–		–		–		–		–		–		–		–		–		–		–		–
EBITDA	-17,5 k €	-149%	35,9 k €	+186%	-41,9 k €	-101%	7,7 M €	+390%	1,6 M €	-54.4%	3,4 M €	+13.4%	3 M €	+43.4%	2,1 M €	-77.9%	9,6 M €	+247%	2,8 M €	-85.9%	19,6 M €	-6.7%	21 M €	+16.2%	18,1 M €	+6.2%	17 M €	+1.4%	16,8 M €	+4.4%	16,1 M €	+18.9%	13,5 M €
Operating result	-17,5 k €	-149%	35,9 k €	+186%	-41,9 k €	-101%	6,9 M €	+2800%	238,9 k €	-90.5%	2,5 M €	+15.7%	2,2 M €	+65.5%	1,3 M €	-83.9%	8,1 M €	+617%	1,1 M €	-93.5%	17,5 M €	-12.0%	19,8 M €	+16.4%	17 M €	+15.4%	14,8 M €	+0.6%	14,7 M €	+2.7%	14,3 M €	+20.1%	11,9 M €
Net result	-21,7 k €	-277%	12,3 k €	+114%	-85,9 k €	-101%	6,2 M €	+842%	663,3 k €	-55.0%	1,5 M €	-20.1%	1,8 M €	+194%	-2 M €	-138%	5,2 M €	+1276%	375,4 k €	-96.3%	10,2 M €	-12.4%	11,6 M €	+18.7%	9,8 M €	+18.9%	8,2 M €	-39.9%	13,7 M €	+39.7%	9,8 M €	+14.1%	8,6 M €
Balance sheet
Equity	22,9 M €	-0.1%	23 M €	+0.1%	22,9 M €	-0.4%	23 M €	+37.2%	16,8 M €	+4.1%	16,1 M €	+10.1%	14,7 M €	+14.4%	12,8 M €	-13.4%	14,8 M €	+53.7%	9,6 M €	-62.9%	25,9 M €	+52.3%	17 M €	-25.5%	22,9 M €	+74.5%	13,1 M €	+168%	4,9 M €	-81.5%	26,4 M €	-60.4%	66,6 M €
Total assets	23 M €	-1.6%	23,3 M €	-3.6%	24,2 M €	-5.8%	25,7 M €	+2.7%	25 M €	-10.3%	27,9 M €	-18.1%	34,1 M €	+16.0%	29,4 M €	+2.3%	28,7 M €	+37.6%	20,9 M €	-79.2%	100,5 M €	+15.6%	86,9 M €	+13.9%	76,3 M €	+16.4%	65,6 M €	+19.1%	55,1 M €	+11.1%	49,5 M €	-43.0%	87 M €
Cash	53,4 €	-98.8%	4,4 k €	-17.1%	5,3 k €	-85.8%	37,1 k €	-66.8%	111,8 k €	+4040%	2,7 k €	-89.1%	24,7 k €	-95.7%	576,1 k €	+472%	100,8 k €	-86.4%	740,1 k €	-93.4%	11,2 M €	+79.0%	6,3 M €	-15.0%	7,4 M €	+74.9%	4,2 M €	+188%	1,5 M €	+435%	273,6 k €	+118%	125,3 k €
Debts	18,9 k €	-95.0%	380,8 k €	-70.1%	1,3 M €	-52.5%	2,7 M €	-67.4%	8,2 M €	-11.6%	9,3 M €	-35.3%	14,4 M €	+61.1%	8,9 M €	-15.4%	10,6 M €	-5.6%	11,2 M €	-85.0%	74,4 M €	+6.7%	69,8 M €	+31.0%	53,3 M €	+1.9%	52,3 M €	+4.6%	50 M €	+122%	22,5 M €	+13.5%	19,8 M €
Other
Workforce	–		–		162,1 ETP	0.0%	162,1 ETP	-5.1%	170,9 ETP	+0.1%	170,8 ETP	+4.5%	163,5 ETP	-8.0%	177,7 ETP	+0.9%	176,1 ETP	-15.2%	207,7 ETP	-16.1%	247,7 ETP	+2.6%	241,4 ETP	+5.8%	228,1 ETP	-5.2%	240,5 ETP	-4.7%	252,3 ETP	+7.0%	235,9 ETP	+8.2%	218,0 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 10 M€ and 25 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 2 active · 40 ended

Active mandates

NPM Capital NV

Director · since 30 juillet 2022 · until 30 juillet 2028

Represented by Martijn Koster

Active

LUMA

Director · since 09 juin 2022 · until 09 juin 2028 · 0631.734.571

Represented by Raf Lambrix

Active

Ended mandates

NPM Capital NV

Director · since 30 juillet 2022 · until 31 mai 2028

Represented by Martijn Koster

Ended

LUMA

Director · since 09 juin 2022 · until 31 mai 2028 · 0631.734.571

Represented by Raf Lambrix

Ended

SIMBO

Director · since 06 mars 2021 · until 05 mars 2024 · 0700.734.037

Represented by Roel Simons

Ended

SIMBO

Director · since 06 mars 2021 · until 05 mars 2024 · 0700.734.037

Represented by Roel SIMONS

Ended

At this address

Other companies at this address

Company	CBE no.
BD Addressed● Active	1028.749.435
BD MEDIA● Active	0786.479.364
BD My Shopi● Active	1000.190.259
BELGIAN DISTRIBUTION GROUP● Active	0786.436.111
FlyerCo IV● Active	0727.637.184

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Abridged model	Abridged model	Full model	Full model	Full 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	11/09/2026	15/10/2025	25/09/2025	01/10/2024	16/09/2022	15/11/2021
General meeting	11/09/2026	15/10/2025	24/09/2025	30/09/2024	29/07/2022	29/07/2021
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

Ratios

Financial ratios

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Filings

Annual accounts filings

22 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	11/09/2026	11/09/2026	Dutch	PDF
Abridged model	31/12/2024	15/10/2025	15/10/2025	Dutch	PDF
Abridged model	31/12/2023	24/09/2025	25/09/2025	Dutch	PDF
Full modelCorrection	31/12/2022	17/07/2025	18/07/2025	Dutch	PDF
Full model	31/12/2022	30/09/2024	01/10/2024	Dutch	PDF
Full model	31/12/2021	29/07/2022	16/09/2022	Dutch	PDF
Full modelCorrection	31/12/2020	29/07/2021	15/11/2021	Dutch	PDF
Full model	31/12/2020	29/07/2021	30/07/2021	Dutch	PDF
Full model	31/12/2019	04/06/2020	06/08/2020	Dutch	PDF
Full model	31/12/2018	29/05/2019	09/09/2019	Dutch	PDF
Full model	31/12/2017	22/06/2018	25/10/2018	Dutch	PDF
Full model	31/12/2016	31/05/2017	31/07/2017	Dutch	PDF
Full model	31/12/2015	25/05/2016	29/07/2016	Dutch	PDF
Full model	31/12/2014	27/05/2015	10/08/2015	Dutch	PDF
Full model	31/12/2013	28/05/2014	25/08/2014	Dutch	PDF
Full model	31/12/2012	30/07/2013	01/10/2013	Dutch	PDF
Full model	31/12/2011	29/05/2012	10/07/2012	Dutch	PDF
Full model	31/12/2010	03/05/2011	04/05/2011	Dutch	PDF
Full model	31/12/2009	26/07/2010	27/07/2010	Dutch	PDF
Full model	31/12/2008	24/07/2009	19/08/2009	Dutch	PDF
Full model	31/12/2007	28/05/2008	09/07/2008	Dutch	PDF
Full model	31/12/2006	29/06/2007	06/07/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 10 M€ and 25 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 31/12/2025 · 2 active · 40 ended

Active mandates

NPM Capital NV

Director · since 30 juillet 2022 · until 30 juillet 2028

Represented by Martijn Koster

Active

LUMA

Director · since 09 juin 2022 · until 09 juin 2028 · 0631.734.571

Represented by Raf Lambrix

Active

Ended mandates

NPM Capital NV

Director · since 30 juillet 2022 · until 31 mai 2028

Represented by Martijn Koster

Ended

LUMA

Director · since 09 juin 2022 · until 31 mai 2028 · 0631.734.571

Represented by Raf Lambrix

Ended

SIMBO

Director · since 06 mars 2021 · until 05 mars 2024 · 0700.734.037

Represented by Roel Simons

Ended

SIMBO

Director · since 06 mars 2021 · until 05 mars 2024 · 0700.734.037

Represented by Roel SIMONS

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Other15/09/2026
DIVERSEN
PDF
Restructuring27/08/2026
Fusievoorstel
PDF
Mandates12/12/2024
ONTSLAGEN - BENOEMINGEN
PDF
Other11/10/2022
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - BENAMING
PDF
Mandates05/10/2022
ONTSLAGEN - BENOEMINGEN
PDF
Mandates14/09/2022
ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares19/08/2022
KAPITAAL - AANDELEN
PDF
Restructuring17/06/2022
RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
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

2025
Annual accounts 2025-21,7 k €↓
2024
Annual accounts 202412,3 k €↑
2023
Annual accounts 2023-85,9 k €↓
2022
Annual accounts 20226,2 M €↑
30/07/2022
nominationNPM Capital N.V. — bestuurder
09/06/2022
reconductionLUMA — bestuurder
2022
Name changeFlyerco I
2021
Annual accounts 2021663,3 k €↓
06/03/2021
nominationSimbo BV — bestuurder
2021
Name changeBELGISCHE DISTRIBUTIEDIENST
2020
Annual accounts 20201,5 M €↓
2019
Annual accounts 20191,8 M €↑
2018
Annual accounts 2018-2 M €↓
2017
Annual accounts 20175,2 M €↑
2016
Annual accounts 2016375,4 k €↓
2015
Annual accounts 201510,2 M €↓
2014
Annual accounts 201411,6 M €↑
2013
Annual accounts 20139,8 M €↑
2012
Annual accounts 20128,2 M €↓
2011
Annual accounts 201113,7 M €↑
2010
Annual accounts 20109,8 M €↑
2009
Annual accounts 20098,6 M €
2009
Name changeBelgische DistributieDienst - Messageries Belgique-Diffusion
22/11/1961
IncorporationPublic 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

Flyerco I

Overview

What does Flyerco I do?

Trend over 17 financial years

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