ACTIVE

TUI Belgium

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Financial year 2025 · Closed on 30/09/2025

Net result-8,8 M €+94,4 %over 1 year
Revenue831,1 M €-2,7 %over 1 year
Equity140,1 M €-5,9 %over 1 year
Workforce422,1 ETP-4,0 %over 1 year

Identity

Source · BCE/KBO

TUI Belgium is a Public limited company incorporated in 1971. Its registered office is in Oostende. It employs on average 422,1 ETP workers (FTE).

Legal situation
Normal situation
BCE/KBO no. / VAT
BE 0408.479.965
Incorporation
19/07/1971
Legal form
Public limited company
Registered office
Gistelsesteenweg 1
8400 Oostende · FlandreSee on map
Contributed capital
239 830 000,00 €
Latest accounts
30/09/2025
Average workforce
422,1 ETP
Joint committees (2)
  • 200
  • 218
Signals
Healthy social debtsHigh revenue

Financials

Source · NBB, 24 filings

Trend over 17 financial years

20252024202320222021
Income statement
Revenue831,1 M €854,4 M €791,9 M €686,8 M €259,5 M €
EBITDA-3,9 M €6,9 M €-11 M €17 M €-14,5 M €
Operating result-4,6 M €6,1 M €-11,3 M €16,3 M €-15,2 M €
Net result-8,8 M €-158,9 M €-102,3 M €10,5 M €-19,4 M €
Balance sheet
Equity140,1 M €149 M €307,9 M €195,2 M €184,7 M €
Total assets723 M €669,3 M €887,2 M €783 M €928,5 M €
Cash3,6 M €2,3 M €4,4 M €4,3 M €3,4 M €
Debts565,4 M €502 M €566,9 M €575,5 M €733,3 M €
Other
Workforce422,1 ETP439,7 ETP441,0 ETP412,5 ETP420,5 ETP

Valuation

Indicative valuation

As an indication, this company is worth

between 100 M€ and 250 M€
See the valuation

Board of directors

Source · NBB, accounts to 30/09/2025

4 active · 32 ended

Active mandates

LUKE BAILEY

Director · since 19 mars 2025 · until 08 janvier 2031

Active
ARJAN KERS

Director · since 18 novembre 2024 · until 08 janvier 2031

Active
IVAN SMEETS

Director · since 18 novembre 2024 · until 08 janvier 2031

Active
WIVABE SERVICES

Director · since 23 décembre 2021 · until 31 décembre 2024 · 0828.080.684

Represented by Wim Van Besien

Active

Ended mandates

ELIE BRUYNINCKX CONSULTING

Director · since 23 décembre 2021 · until 30 septembre 2024 · 0873.528.352

Represented by Elie Bruyninckx

Ended
ELIE BRUYNINCKX CONSULTING

Director · since 23 décembre 2021 · until 22 décembre 2027 · 0873.528.352

Represented by Elie Bruyninckx

Ended
GUNTHER HOFMAN

Director · since 23 décembre 2021 · until 22 décembre 2027

Ended
WIVABE SERVICES

Director · since 23 décembre 2021 · until 22 décembre 2027 · 0828.080.684

Represented by Wim Van Besien

Ended

Other companies at this address

Gistelsesteenweg 1 8400 Oostende
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0824.106.060
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0436.072.606
SPORT AAN ZEE● Liquidation
0461.460.969
TABULARI● Active
0878.141.790
TRAVEL4YOU● Active
0809.654.347
Vereniging van Mede-eigenaars Residentie Jet Center Fase I-gebouw B te Oostende, Gistelsesteenweg 1● Active
0885.079.567

Full financial information

Source · NBB
202520242023202220212020
Type of accountFull modelFull modelFull modelFull modelFull modelFull model
Start of the financial year01/10/202401/10/202301/10/202201/10/202101/10/202001/10/2019
Closing of the financial year30/09/202530/09/202430/09/202330/09/202230/09/202130/09/2020
Length of the financial year12 months12 months12 months12 months12 months12 months
Filing date09/01/202609/01/202522/01/202402/01/202421/02/202230/03/2021
General meeting08/01/202608/01/202508/01/202409/01/202310/01/202229/03/2021
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, 24 filings
ModelClosingGeneral meetingFiledLanguageDocument
Full model30/09/202508/01/202609/01/2026DutchPDF
Full model30/09/202408/01/202509/01/2025DutchPDF
Full model30/09/202308/01/202422/01/2024DutchPDF
Full modelCorrection30/09/202209/01/202302/01/2024DutchPDF
Full model30/09/202209/01/202313/01/2023DutchPDF
Full model30/09/202110/01/202221/02/2022DutchPDF
Full model30/09/202029/03/202130/03/2021DutchPDF
Full model30/09/201902/04/202003/04/2020DutchPDF
Full model30/09/201815/04/201926/04/2019DutchPDF
Full modelCorrection30/09/201701/06/201828/06/2018DutchPDF
Full model30/09/201701/06/201812/06/2018DutchPDF
Full model30/09/201606/02/201717/03/2017DutchPDF
Full model30/09/201526/03/201612/05/2016DutchPDF
Full modelCorrection30/09/201426/03/201502/07/2015DutchPDF
Full model30/09/201426/03/201511/05/2015DutchPDF
Full model30/09/201320/03/201418/04/2014DutchPDF
Full model30/09/201220/03/201326/03/2013DutchPDF
Full model30/09/201120/03/201226/04/2012DutchPDF
Full model30/09/201008/04/201115/04/2011DutchPDF
Full modelCorrection30/09/200920/03/201031/08/2010DutchPDF
Full model30/09/200920/03/201023/03/2010DutchPDF
Full model30/09/200803/07/200906/07/2009DutchPDF
Full model30/09/200720/03/200818/04/2008DutchPDF
Full model31/12/200620/06/200720/07/2007DutchPDF

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 100 M€ and 250 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 30/09/2025

4 active · 32 ended

Active mandates

LUKE BAILEY

Director · since 19 mars 2025 · until 08 janvier 2031

Active
ARJAN KERS

Director · since 18 novembre 2024 · until 08 janvier 2031

Active
IVAN SMEETS

Director · since 18 novembre 2024 · until 08 janvier 2031

Active
WIVABE SERVICES

Director · since 23 décembre 2021 · until 31 décembre 2024 · 0828.080.684

Represented by Wim Van Besien

Active

Ended mandates

ELIE BRUYNINCKX CONSULTING

Director · since 23 décembre 2021 · until 30 septembre 2024 · 0873.528.352

Represented by Elie Bruyninckx

Ended
ELIE BRUYNINCKX CONSULTING

Director · since 23 décembre 2021 · until 22 décembre 2027 · 0873.528.352

Represented by Elie Bruyninckx

Ended
GUNTHER HOFMAN

Director · since 23 décembre 2021 · until 22 décembre 2027

Ended
WIVABE SERVICES

Director · since 23 décembre 2021 · until 22 décembre 2027 · 0828.080.684

Represented by Wim Van Besien

Ended

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette
  • Mandates15/06/2026
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates23/04/2025
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates14/04/2025
    ONTSLAGEN - BENOEMINGEN - DIVERSEN
    PDF
  • Mandates30/12/2024
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Restructuring07/06/2024
    KAPITAAL - AANDELEN - RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
    PDF
  • Restructuring27/03/2024
    DOEL - KAPITAAL - AANDELEN - RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
    PDF
  • Capital / shares02/08/2023
    STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …) - KAPITAAL - AANDELEN
    PDF
  • Mandates06/06/2023
    ONTSLAGEN - BENOEMINGEN
    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 2025-8,8 M €↑
  2. 19/03/2025
    nominationLuke Damien Bailey — bestuurder
  3. 28/02/2025
    nominationJohannes Gijsbertus Kers (Arjan) Kers — bestuurder
  4. 28/02/2025
    nominationIvan Smeets — bestuurder
  5. 2024
    Annual accounts 2024-158,9 M €↓
  6. 2023
    Annual accounts 2023-102,3 M €↓
  7. 25/07/2023
    augmentation_capitalTUI AG
  8. 09/01/2023
    reconductionDeloitte Bedrijfsrevisoren BV — commissaris
  9. 2022
    Annual accounts 202210,5 M €↑
  10. 2021
    Annual accounts 2021-19,4 M €↑
  11. 2020
    Annual accounts 2020-78,3 M €↓
  12. 2019
    Annual accounts 201915,7 M €↓
  13. 2018
    Annual accounts 201849,3 M €↑
  14. 2017
    Annual accounts 20177,8 M €↓
  15. 2015
    Annual accounts 201519,6 M €↓
  16. 2014
    Annual accounts 201429,3 M €↓
  17. 2013
    Annual accounts 201335,5 M €↓
  18. 2012
    Annual accounts 201237,7 M €↑
  19. 2011
    Annual accounts 201136,1 M €↓
  20. 2010
    Annual accounts 201037,1 M €↑
  21. 2009
    Annual accounts 200929,8 M €↑
  22. 2008
    Annual accounts 200822,2 M €
  23. 19/07/1971
    IncorporationPublic limited company