ACTIVE

LYSAIR

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Financial year 2024 · closed on 31/12/2024

Net result

492,5 k €

-62.2% YoY

Revenue

12 M €

-3.9% YoY

Equity

3,4 M €

+2.8% YoY

Workforce

46,2 ETP

-6.5% YoY

What does LYSAIR do?

LYSAIR is a Public limited company incorporated in 1974. Its registered office is in Wielsbeke. It employs on average 46,2 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0413.858.418

Incorporation

01/01/1974

Legal form

Public limited company

Registered office

Vlasstraat(S.B.V.) 13
8710 Wielsbeke · Flandre

Contributed capital

406 800,00 €

Latest accounts

31/12/2024

Average workforce

46,2 ETP

Joint committees (4)

111
11101
209
2090

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debtsHigh revenue

View the BCE/KBO Public Search record →

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✦ Verdict · Analyst summary

Financials

Trend over 18 financial years

	2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007
Income statement
Revenue	12 M €	-3.9%	12,5 M €	-5.7%	13,3 M €	-4.2%	13,9 M €	+12.2%	12,4 M €	+5.4%	11,7 M €	+1.2%	11,6 M €	+10.1%	10,5 M €	+11.7%	9,4 M €	+8.2%	8,7 M €	+9.6%	7,9 M €	+3.6%	7,7 M €	-12.8%	8,8 M €	-2.2%	9 M €	+4.7%	8,6 M €	-4.1%	9 M €	-5.3%	9,5 M €	+19.6%	7,9 M €
EBITDA	479,2 k €	-75.4%	1,9 M €	-9.0%	2,1 M €	+43.9%	1,5 M €	+3.3%	1,4 M €	-8.6%	1,6 M €	-23.6%	2,1 M €	+34.7%	1,5 M €	-4.4%	1,6 M €	+35.8%	1,2 M €	+114%	550,9 k €	+176%	199,8 k €	-37.2%	318,2 k €	-70.6%	1,1 M €	-24.2%	1,4 M €	+38.8%	1 M €	-17.5%	1,2 M €	+5.1%	1,2 M €
Operating result	700,4 k €	-60.0%	1,7 M €	+8.2%	1,6 M €	+27.5%	1,3 M €	+1.6%	1,2 M €	-10.6%	1,4 M €	-22.5%	1,8 M €	+39.3%	1,3 M €	-6.6%	1,4 M €	+42.0%	975,2 k €	+152%	386,6 k €	+4479%	-8,8 k €	-104%	211,4 k €	-79.7%	1 M €	-5.2%	1,1 M €	+9.7%	999,5 k €	-10.9%	1,1 M €	+10.0%	1 M €
Net result	492,5 k €	-62.2%	1,3 M €	+11.6%	1,2 M €	+28.0%	913,6 k €	+3.3%	884,1 k €	-6.2%	942,3 k €	-23.5%	1,2 M €	+51.7%	812,6 k €	-6.7%	870,7 k €	+47.6%	589,9 k €	+202%	195,1 k €	+383%	-68,9 k €	-152%	131,9 k €	-80.9%	689 k €	-3.3%	712,7 k €	+8.8%	654,9 k €	-17.5%	793,5 k €	-9.8%	880,1 k €
Balance sheet
Equity	3,4 M €	+2.8%	3,3 M €	+1.7%	3,2 M €	+13.0%	2,8 M €	+0.8%	2,8 M €	+11.2%	2,5 M €	+37.1%	1,9 M €	+27.2%	1,5 M €	-5.7%	1,5 M €	+39.3%	1,1 M €	+42.2%	778,8 k €	+33.4%	583,7 k €	-35.3%	902,8 k €	-65.5%	2,6 M €	+12.4%	2,3 M €	+15.5%	2 M €	-2.3%	2,1 M €	+24.5%	1,7 M €
Total assets	7 M €	-22.9%	9,1 M €	+21.3%	7,5 M €	+13.9%	6,6 M €	-13.9%	7,7 M €	+8.1%	7,1 M €	+23.6%	5,7 M €	+15.8%	5 M €	+8.4%	4,6 M €	-11.6%	5,2 M €	+26.4%	4,1 M €	-18.2%	5 M €	+31.3%	3,8 M €	-31.0%	5,5 M €	-2.9%	5,7 M €	+25.0%	4,6 M €	-22.3%	5,9 M €	+40.6%	4,2 M €
Cash	856,7 k €	-44.9%	1,6 M €	+19.6%	1,3 M €	-29.5%	1,8 M €	-42.0%	3,2 M €	+104%	1,6 M €	-4.7%	1,6 M €	+108%	784,5 k €	+60.4%	489,1 k €	-18.8%	602,3 k €	+212%	193,1 k €	-45.5%	354,5 k €	-53.4%	761,5 k €	+13.2%	672,7 k €	+824%	72,8 k €	-61.9%	190,9 k €	-87.7%	1,6 M €	+182%	549 k €
Debts	3,3 M €	-37.5%	5,3 M €	+42.0%	3,7 M €	+4.4%	3,5 M €	-23.9%	4,7 M €	+6.5%	4,4 M €	+18.1%	3,7 M €	+17.6%	3,1 M €	+17.2%	2,7 M €	-28.0%	3,7 M €	+24.8%	3 M €	-27.2%	4,1 M €	+58.3%	2,6 M €	-0.1%	2,6 M €	-14.7%	3 M €	+32.3%	2,3 M €	-35.2%	3,6 M €	+54.6%	2,3 M €
Other
Workforce	46,2 ETP	-6.5%	49,4 ETP	-4.6%	51,8 ETP	+2.6%	50,5 ETP	-0.2%	50,6 ETP	+1.2%	50,0 ETP	+3.1%	48,5 ETP	+5.9%	45,8 ETP	+3.6%	44,2 ETP	-2.2%	45,2 ETP	-2.2%	46,2 ETP	-2.9%	47,6 ETP	-2.5%	48,8 ETP	+10.7%	44,1 ETP	-0.2%	44,2 ETP	-2.6%	45,4 ETP	+1.8%	44,6 ETP	+0.7%	44,3 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 5 M€ and 10 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2024 · 2 active · 34 ended

Active mandates

AhieCon

Managing director · since 13 novembre 2023 · until 13 novembre 2029 · 0823.456.457

Represented by Herbert Vandaele

Active

MarOdin

Managing director · since 13 novembre 2023 · until 13 novembre 2029 · 0823.498.524

Represented by Alex Vanwolleghem

Active

Ended mandates

QVIT

Managing director · since 01 mars 2021 · until 18 janvier 2023 · 0690.894.772

Represented by Mattijs De Leersnyder

Ended

QVIT

Managing director · since 01 mars 2021 · until 29 février 2024 · 0690.894.772

Represented by Mattijs DE LEERSNYDER

Ended

AhieCon

Managing director · since 14 juillet 2018 · until 06 août 2024 · 0823.456.457

Represented by Herbert Vandaele

Ended

AhieCon

Managing director · since 14 juillet 2018 · until 08 juin 2024 · 0823.456.457

Represented by Herbert VANDAELE

Ended

At this address

Other companies at this address

Company	CBE no.
BEDELEC● Active	0433.522.593
IMMO RUEDELYS● Active	0671.614.637
LYSAIR INVEST● Active	0762.579.653
NORDLAND● Active	0444.174.876
VIJVELYS● Active	0683.438.244

Annual accounts

Full financial information

	2024	2023	2022	2021	2020	2019
Type of account	Full model	Full model	Full model	Full model	Full model	Full model
Start of the financial year	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020	01/01/2019
Closing of the financial year	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020	31/12/2019
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	29/08/2025	24/07/2024	07/11/2023	29/09/2022	07/10/2021	23/10/2020
General meeting	29/08/2025	18/07/2024	06/11/2023	29/09/2022	29/09/2021	30/09/2020
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

19 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Full model	31/12/2024	29/08/2025	29/08/2025	Dutch	PDF
Full model	31/12/2023	18/07/2024	24/07/2024	Dutch	PDF
Full model	31/12/2022	06/11/2023	07/11/2023	Dutch	PDF
Full model	31/12/2021	29/09/2022	29/09/2022	Dutch	PDF
Full model	31/12/2020	29/09/2021	07/10/2021	Dutch	PDF
Full model	31/12/2019	30/09/2020	23/10/2020	Dutch	PDF
Full model	31/12/2018	08/10/2019	17/10/2019	Dutch	PDF
Full model	31/12/2017	14/07/2018	12/09/2018	Dutch	PDF
Full model	31/12/2016	14/07/2017	19/07/2017	Dutch	PDF
Full model	31/12/2015	13/07/2016	15/07/2016	Dutch	PDF
Full model	31/12/2014	10/07/2015	15/07/2015	Dutch	PDF
Full model	31/12/2013	28/08/2014	15/09/2014	Dutch	PDF
Full model	31/12/2012	28/08/2013	29/08/2013	Dutch	PDF
Full model	31/12/2011	09/06/2012	20/07/2012	Dutch	PDF
Full model	31/12/2010	11/06/2011	30/09/2011	Dutch	PDF
Full model	31/12/2009	12/06/2010	12/07/2010	Dutch	PDF
Full model	31/12/2008	13/06/2009	11/09/2009	Dutch	PDF
Abridged model	31/12/2007	14/06/2008	19/09/2008	Dutch	PDF
Abridged model	31/12/2006	09/06/2007	02/07/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 5 M€ and 10 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 31/12/2024 · 2 active · 34 ended

Active mandates

AhieCon

Managing director · since 13 novembre 2023 · until 13 novembre 2029 · 0823.456.457

Represented by Herbert Vandaele

Active

MarOdin

Managing director · since 13 novembre 2023 · until 13 novembre 2029 · 0823.498.524

Represented by Alex Vanwolleghem

Active

Ended mandates

QVIT

Managing director · since 01 mars 2021 · until 18 janvier 2023 · 0690.894.772

Represented by Mattijs De Leersnyder

Ended

QVIT

Managing director · since 01 mars 2021 · until 29 février 2024 · 0690.894.772

Represented by Mattijs DE LEERSNYDER

Ended

AhieCon

Managing director · since 14 juillet 2018 · until 06 août 2024 · 0823.456.457

Represented by Herbert Vandaele

Ended

AhieCon

Managing director · since 14 juillet 2018 · until 08 juin 2024 · 0823.456.457

Represented by Herbert VANDAELE

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates29/01/2025
ONTSLAGEN - BENOEMINGEN
PDF
Mandates21/11/2023
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - DIVERSEN - DOEL - ONTSLAGEN - BENOEMINGEN
PDF
Mandates17/02/2023
ONTSLAGEN - BENOEMINGEN
PDF
Mandates09/12/2022
ONTSLAGEN - BENOEMINGEN
PDF
Mandates01/02/2022
ONTSLAGEN - BENOEMINGEN
PDF
Mandates24/11/2021
ONTSLAGEN - BENOEMINGEN
PDF
Mandates21/11/2018
ONTSLAGEN - BENOEMINGEN
PDF
Mandates23/11/2015
ONTSLAGEN - BENOEMINGEN
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

2024
Annual accounts 2024492,5 k €↓
2023
Annual accounts 20231,3 M €↑
2022
Annual accounts 20221,2 M €↑
2021
Annual accounts 2021913,6 k €↑
2020
Annual accounts 2020884,1 k €↓
2019
Annual accounts 2019942,3 k €↓
2018
Annual accounts 20181,2 M €↑
2017
Annual accounts 2017812,6 k €↓
2016
Annual accounts 2016870,7 k €↑
2015
Annual accounts 2015589,9 k €↑
2014
Annual accounts 2014195,1 k €↑
2013
Annual accounts 2013-68,9 k €↓
2012
Annual accounts 2012131,9 k €↓
2011
Annual accounts 2011689 k €↓
2010
Annual accounts 2010712,7 k €↑
2009
Annual accounts 2009654,9 k €↓
2008
Annual accounts 2008793,5 k €↓
2007
Annual accounts 2007880,1 k €
01/01/1974
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

LYSAIR

Overview

What does LYSAIR do?

Trend over 18 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