ACTIVE

Lagardère Travel Retail Belgium

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Financial year 2025 · Closed on 31/12/2025

Net result9,7 M €-36,2 %over 1 year

Revenue216,9 M €+4,6 %over 1 year

Equity6,4 M €0,0 %over 1 year

Workforce480,8 ETP+0,3 %over 1 year

Identity

Source · BCE/KBO

Lagardère Travel Retail Belgium is a Public limited company incorporated in 1983. Its main activity is: Retail sale in non-specialised stores. Its registered office is in Steenokkerzeel. It employs on average 480,8 ETP workers (FTE).

Legal situation: Normal situation
BCE/KBO no. / VAT: BE 0424.748.350
Incorporation: 10/11/1983
Legal form: Public limited company
Registered office: Vliegveld 132 box a
1820 Steenokkerzeel · FlandreSee on map
Contributed capital: 5 249 949,00 €
Latest accounts: 31/12/2025
Average workforce: 480,8 ETP

Activities (NACE)

47120Retail sale in non-specialised stores· main 47191Other retail sale in non-specialised stores 47789Other retail sale of new goods in specialised stores 47789Other retail sale of new goods in specialised stores 52498Warehousing and support activities for transportation

Joint committees (1)

Signals

ProfitablePositive cashflowPositive EBITDAHigh revenue

Financials

Source · NBB, 20 filings

Trend over 20 financial years

	2025		2024		2023		2022		2021
Income statement
Revenue	216,9 M €	+4.6%	207,3 M €	+8.0%	192 M €	+26.3%	152,1 M €	+111%	72 M €
EBITDA	16,7 M €	-19.2%	20,7 M €	+6.7%	19,4 M €	+80.0%	10,8 M €	+296%	-5,5 M €
Operating result	13,7 M €	-21.2%	17,4 M €	+3.5%	16,8 M €	+90.1%	8,8 M €	+267%	-5,3 M €
Net result	9,7 M €	-36.2%	15,2 M €	+10.5%	13,8 M €	+55.2%	8,9 M €	+264%	-5,4 M €
Balance sheet
Equity	6,4 M €	0.0%	6,4 M €	-48.0%	12,2 M €	-5.5%	12,9 M €	+219%	4,1 M €
Total assets	54,6 M €	-1.9%	55,7 M €	+2.8%	54,2 M €	+43.4%	37,8 M €	+41.7%	26,6 M €
Cash	1,1 M €	-31.1%	1,5 M €	-50.6%	3,1 M €	+11.4%	2,8 M €	+27.1%	2,2 M €
Debts	45,3 M €	-1.7%	46,1 M €	+18.7%	38,8 M €	+79.3%	21,7 M €	+11.1%	19,5 M €
Other
Workforce	480,8 ETP	+0.3%	479,6 ETP	+7.5%	446,3 ETP	+16.8%	382,2 ETP	+16.9%	327,0 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 31/12/2025

2 active · 13 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Davy Lybeert	Director07/07/2025 → 06/07/2031
Nicolas Van Brandt LB & M1006.946.013Represented by Nicolas Van Brandt	Managing director30/06/2021 → 17/05/2027

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
NICOLAS VAN BRANDT0886.770.535Represented by Nicolas Van Brandt	Managing director30/06/2021 → 17/05/2027
Cédric Evenepoel	Director04/09/2020 → 18/05/2026

Full financial information

Source · NBB

	2025	2024	2023	2022	2021	2020
Type of account	Full model	Full model	Full 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	28/07/2026	30/07/2025	24/07/2024	31/07/2023	20/07/2022	12/07/2021
General meeting	18/05/2026	26/05/2025	29/05/2024	24/05/2023	31/05/2022	30/06/2021
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

Financial ratios

Source · NBB

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Annual accounts filings

Source · NBB, 20 filings

Model	Closing	General meeting	Filed	Language	Document
Full model	31/12/2025	18/05/2026	28/07/2026	Dutch	PDF
Full model	31/12/2024	26/05/2025	30/07/2025	Dutch	PDF
Full model	31/12/2023	29/05/2024	24/07/2024	Dutch	PDF
Full model	31/12/2022	24/05/2023	31/07/2023	Dutch	PDF
Full model	31/12/2021	31/05/2022	20/07/2022	Dutch	PDF
Full model	31/12/2020	30/06/2021	12/07/2021	Dutch	PDF
Full model	31/12/2019	04/09/2020	13/10/2020	Dutch	PDF
Full model	31/12/2018	20/05/2019	01/08/2019	Dutch	PDF
Full model	31/12/2017	22/05/2018	08/08/2018	Dutch	PDF
Full model	31/12/2016	22/05/2017	24/07/2017	French	PDF
Full model	31/12/2015	17/06/2016	28/07/2016	French	PDF
Full model	31/12/2014	18/05/2015	13/07/2015	French	PDF
Full model	31/12/2013	19/05/2014	15/07/2014	French	PDF
Full model	31/12/2012	21/05/2013	26/07/2013	French	PDF
Full model	31/12/2011	21/05/2012	02/07/2012	French	PDF
Full model	31/12/2010	16/05/2011	20/07/2011	French	PDF
Full model	31/12/2009	17/05/2010	30/07/2010	French	PDF
Full model	31/12/2008	17/06/2009	23/09/2009	French	PDF
Full model	31/12/2007	19/05/2008	29/07/2008	French	PDF
Full model	31/12/2006	21/05/2007	30/08/2007	French	PDF

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 31/12/2025

2 active · 13 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Davy Lybeert	Director07/07/2025 → 06/07/2031
Nicolas Van Brandt LB & M1006.946.013Represented by Nicolas Van Brandt	Managing director30/06/2021 → 17/05/2027

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
NICOLAS VAN BRANDT0886.770.535Represented by Nicolas Van Brandt	Managing director30/06/2021 → 17/05/2027
Cédric Evenepoel	Director04/09/2020 → 18/05/2026

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette

Mandates14/07/2025
ONTSLAGEN - BENOEMINGEN
PDF
Mandates24/10/2024
ONTSLAGEN - BENOEMINGEN
PDF
Mandates08/08/2024
ONTSLAGEN - BENOEMINGEN
PDF
Mandates12/08/2022
ONTSLAGEN - BENOEMINGEN
PDF
Mandates23/07/2021
ONTSLAGEN - BENOEMINGEN
PDF
Mandates07/07/2021
KAPITAAL - AANDELEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - ONTSLAGEN - BENOEMINGEN
PDF
Mandates27/05/2021
ONTSLAGEN - BENOEMINGEN
PDF
Other30/12/2019
BENAMING
PDF

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

See the Business plan

Timeline

Source · CBE, NBB annual accounts

Year

Identity

Incorporation

Name

Registered office

Annual accounts

Filings20 filings

Mandates

Davy Lybeert

Nicolas Van Brandt LB & M

NICOLAS VAN BRANDT

Frédéric Chevalier

Cédric Evenepoel

Benoït Robertz

COMPAGNIE IMMOBILIERE DE ROUMONT SA

Nicolas Van Brandt

Gilles Samyn

David Caudron

Roland Borres

Nathalie De Roovere

and 3 more mandates

1983198419851986198719881989199019911992199319941995199619971998199920002001200220032004200520062007200820092010201120122013201420152016201720182019202020212022202320242025202620272028202920302031

Lagardère Travel Retail Belgium

Vliegveld 132 bte a, 1820 Steenokkerzeel

Director

Managing director

Director

Managing directorDirector

Director

CurrentPlanned, not yet servedEndedAccounts filedToday

Registered offices

Source · NBB annual accounts, CBE

Registered address	Period	Source
Vliegveld 132 bte a, 1820 SteenokkerzeelCurrent	accounts 2021 → 2025	Accounts 2025 · 2026-00358246

Company names

Source · NBB annual accounts, CBE

Name	Period	Source
Lagardère Travel Retail BelgiumCurrent	accounts 2022 → 2025	Accounts 2025 · 2026-00358246
Lagardère Travel Retail Belgium ( anciennement " International Duty Free Belgium ")	accounts 2021	Accounts 2021 · 2022-20206238

Events

2025
Annual accounts 20259,7 M €↓
01/01/2025
reconductionDeloitte Bedrijfsrevisor S.C.R.L · commissaris
2024
Annual accounts 202415,2 M €↑
28/05/2024
nominationBV Nicolas Van Brandt LB & M · gedelegeerd bestuurder
2023
Annual accounts 202313,8 M €↑
2022
Annual accounts 20228,9 M €↑
2022
Name changeLagardère Travel Retail Belgium
01/01/2022
reconductionDeloitte Bedrijfsrevisor S.C.R.L · commissaris
2021
Annual accounts 2021-5,4 M €↑
2020
Annual accounts 2020-15,6 M €↓
2019
Annual accounts 2019-7,4 M €↓
2018
Annual accounts 2018-1 M €↓
2017
Annual accounts 20171,3 M €↓
2016
Annual accounts 20162,9 M €↓
2015
Annual accounts 20155,7 M €↓
2014
Annual accounts 20146,1 M €↑
2013
Annual accounts 20135,6 M €↑
2012
Annual accounts 20124,9 M €↓
2011
Annual accounts 201111,2 M €↑
2010
Annual accounts 20106,9 M €↑
2009
Annual accounts 20092,6 M €↓
2008
Annual accounts 20084,9 M €↑
2007
Annual accounts 20074,7 M €↑
2006
Annual accounts 20064,6 M €
10/11/1983
IncorporationPublic limited company

Lagardère Travel Retail Belgium

Overview

Identity

Financials

Valuation

Indicative valuation

Board of directors

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

Timeline

Registered offices

Company names

Events