ACTIVE

FLEURBAEY & PARTNERS

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Financial year 2024 · closed on 31/12/2024

Net result

10,6 k €

-47.9% YoY

Gross margin

106,5 k €

-17.3% YoY

Equity

1,4 M €

+0.8% YoY

What does FLEURBAEY & PARTNERS do?

FLEURBAEY & PARTNERS is a Private limited company incorporated in 1987. Its main activity is: Air transport. Its registered office is in Brugge.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0430.507.180

Incorporation

01/03/1987

Legal form

Private limited company

Registered office

Ter Woestijne 13
8310 Brugge · FlandreSee on map

Contributed capital

18 592,01 €

Latest accounts

31/12/2024

Activities (NACE)

51900Air transport· main 70200Management consultancy activities 70220Business and other management consultancy activities 46190Agents involved in the sale of a variety of goods 46190Agents involved in the sale of a variety of goods 46900Non-specialised wholesale trade+2

Signals

ProfitableSolid equityPositive cashflowPositive EBITDA

View the BCE/KBO Public Search record →

Health score

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✦ Verdict · Analyst summary

Financials

Trend over 17 financial years

	2024		2023		2022		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	106,5 k €	-17.3%	128,7 k €	+30.6%	98,6 k €	+53.4%	64,3 k €	-39.6%	106,4 k €	-13.6%	123,2 k €	-8.0%	133,8 k €	-7.9%	145,4 k €	+44.3%	100,7 k €	-26.1%	136,3 k €	+26.8%	107,5 k €	-3.4%	111,3 k €	+12.1%	99,3 k €	+37.0%	72,5 k €	+6.5%	68,1 k €	+40.9%	48,3 k €	+21.4%	39,8 k €
EBITDA	102,7 k €	-16.9%	123,6 k €	+31.1%	94,3 k €	+54.9%	60,9 k €	-41.5%	104,0 k €	-9.6%	115,1 k €	-9.6%	127,2 k €	-11.1%	143,1 k €	+45.4%	98,4 k €	-26.2%	133,4 k €	+27.6%	104,5 k €	-4.7%	109,7 k €	+12.4%	97,6 k €	+38.0%	70,7 k €	+6.8%	66,2 k €	+38.9%	47,7 k €	+32.2%	36,1 k €
Operating result	59,8 k €	-25.6%	80,4 k €	+50.2%	53,5 k €	+150%	21,4 k €	-66.8%	64,4 k €	-22.9%	83,6 k €	-12.7%	95,7 k €	-10.1%	106,5 k €	+56.4%	68,1 k €	-34.1%	103,4 k €	+45.4%	71,1 k €	-18.5%	87,3 k €	+7.8%	80,9 k €	+38.9%	58,3 k €	+217%	18,4 k €	-61.3%	47,5 k €	+61.7%	29,4 k €
Net result	10,6 k €	-47.9%	20,4 k €	-38.8%	33,3 k €	-85.1%	223,0 k €	+150%	89,2 k €	-85.4%	612,8 k €	+760%	71,3 k €	+4.7%	68,1 k €	+56.1%	43,6 k €	-35.2%	67,3 k €	+125%	29,9 k €	-67.8%	92,9 k €	+79.1%	51,9 k €	+31.7%	39,4 k €	+186%	13,8 k €	-62.0%	36,3 k €	+107%	17,6 k €
Balance sheet
Equity	1,4 M €	+0.8%	1,3 M €	+1.5%	1,3 M €	+17.2%	1,1 M €	+24.6%	905,2 k €	+10.9%	816,0 k €	+272%	219,2 k €	+16.6%	187,9 k €	+17.6%	159,8 k €	+17.4%	136,2 k €	+25.1%	108,9 k €	+37.8%	79,0 k €	+92.2%	41,1 k €	+114%	19,2 k €	+12433%	-155,9 €	+96.0%	-3,9 k €	+85.8%	-27,7 k €
Total assets	3,0 M €	+3.2%	2,9 M €	+10.2%	2,6 M €	+74.7%	1,5 M €	+13.0%	1,3 M €	+22.0%	1,1 M €	+42.6%	759,9 k €	-2.7%	781,4 k €	+1.1%	773,2 k €	-6.3%	825,6 k €	+0.0%	825,3 k €	+29.6%	636,9 k €	+29.5%	491,9 k €	+3.1%	477,3 k €	-6.8%	511,9 k €	+54.7%	331,0 k €	+0.2%	330,5 k €
Cash	4,4 k €	-68.8%	14,2 k €	-54.6%	31,4 k €	+1365%	2,1 k €	-99.5%	453,3 k €	+491%	76,8 k €	+1722%	4,2 k €		–		–		13,2 k €		–		–		19,0 €		–		–		40,1 k €	+133%	17,2 k €
Debts	1,6 M €	+3.6%	1,5 M €	+19.1%	1,3 M €	+250%	365,2 k €	-11.9%	414,4 k €	+55.3%	266,8 k €	-50.6%	540,4 k €	-8.8%	592,8 k €	-3.2%	612,7 k €	-11.0%	688,7 k €	-3.8%	715,6 k €	+28.8%	555,8 k €	+23.3%	450,6 k €	-1.4%	456,9 k €	-10.8%	512,0 k €	+53.2%	334,3 k €	-6.7%	358,2 k €

Estimate

Indicative valuation

As an indication, this company is worth

between 0 € and 100 k€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2024 · 1 active · 3 ended

Active mandates

Christiaan Fleurbaey

Director

Active

Ended mandates

Christiaan Fleurbaey

Director · since 25 juillet 2002

Ended

Christiaan Fleurbaey

Manager · since 25 juillet 2002

Ended

Christiaan Fleurbaey

Manager

Ended

At this address

Other companies at this address

Company	CBE no.
N.V.H. Advisory● Active	1026.425.591

Annual accounts

Full financial information

	2024	2023	2022	2021	2020	2019
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model	Abridged 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	11/09/2025	20/09/2024	16/06/2023	23/03/2022	07/06/2021	16/07/2020
General meeting	02/09/2025	17/09/2024	15/05/2023	15/03/2022	10/05/2021	09/05/2020
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
Abridged model	31/12/2024	02/09/2025	11/09/2025	Dutch	PDF
Abridged model	31/12/2023	17/09/2024	20/09/2024	Dutch	PDF
Abridged model	31/12/2022	15/05/2023	16/06/2023	Dutch	PDF
Abridged model	31/12/2021	15/03/2022	23/03/2022	Dutch	PDF
Abridged model	31/12/2020	10/05/2021	07/06/2021	Dutch	PDF
Abridged model	31/12/2019	09/05/2020	16/07/2020	Dutch	PDF
Abridged model	31/12/2018	11/05/2019	21/05/2019	Dutch	PDF
Micro model	31/12/2017	12/05/2018	24/05/2018	Dutch	PDF
Abridged model	31/12/2016	13/05/2017	06/06/2017	Dutch	PDF
Abridged model	31/12/2015	14/05/2016	16/06/2016	Dutch	PDF
Abridged model	31/12/2014	09/05/2015	18/06/2015	Dutch	PDF
Abridged model	31/12/2013	10/05/2014	10/07/2014	Dutch	PDF
Abridged model	31/12/2012	20/06/2013	18/07/2013	Dutch	PDF
Abridged model	31/12/2011	22/06/2012	09/08/2012	Dutch	PDF
Abridged model	31/12/2010	29/06/2011	04/08/2011	Dutch	PDF
Abridged model	31/12/2009	20/06/2010	05/08/2010	Dutch	PDF
Abridged model	31/12/2008	09/05/2009	10/06/2009	Dutch	PDF
Abridged model	31/12/2007	10/05/2008	04/07/2008	Dutch	PDF
Abridged model	31/12/2006	27/06/2007	19/07/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 0 € and 100 k€

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 · 1 active · 3 ended

Active mandates

Christiaan Fleurbaey

Director

Active

Ended mandates

Christiaan Fleurbaey

Director · since 25 juillet 2002

Ended

Christiaan Fleurbaey

Manager · since 25 juillet 2002

Ended

Christiaan Fleurbaey

Manager

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates06/05/2022
WIJZIGING RECHTSVORM - 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 202410,6 k €↓
2023
Annual accounts 202320,4 k €↓
2022
Annual accounts 202233,3 k €↓
2019
Annual accounts 2019223,0 k €↑
2018
Annual accounts 201889,2 k €↓
2017
Annual accounts 2017612,8 k €↑
2016
Annual accounts 201671,3 k €↑
2015
Annual accounts 201568,1 k €↑
2014
Annual accounts 201443,6 k €↓
2013
Annual accounts 201367,3 k €↑
2012
Annual accounts 201229,9 k €↓
2011
Annual accounts 201192,9 k €↑
2010
Annual accounts 201051,9 k €↑
2009
Annual accounts 200939,4 k €↑
2008
Annual accounts 200813,8 k €↓
2007
Annual accounts 200736,3 k €↑
2006
Annual accounts 200617,6 k €
01/03/1987
IncorporationPrivate 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

FLEURBAEY & PARTNERS

Overview

What does FLEURBAEY & PARTNERS 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