ACTIVE

OBELIS

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Financial year 2025 · closed on 31/12/2025

Net result

307,5 k €

-69.2% YoY

Revenue

7,8 M €

Equity

3,8 M €

+8.8% YoY

Workforce

63,2 ETP

+4.8% YoY

What does OBELIS do?

OBELIS is a Public limited company incorporated in 1988. Its main activity is: Passenger air transport. Its registered office is in Schaerbeek. It employs on average 63,2 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0435.456.853

Incorporation

27/09/1988

Legal form

Public limited company

Registered office

Boulevard Général Wahis 53
1030 Schaerbeek · BruxellesSee on map

Contributed capital

61 697,85 €

Latest accounts

31/12/2025

Average workforce

63,2 ETP

Activities (NACE)

51190Passenger air transport· main 74879Other professional, scientific and technical activities 82990Other business support service activities n.e.c.82990Other business support service activities n.e.c.46190Agents involved in the sale of a variety of goods 46190Agents involved in the sale of a variety of goods

Joint committees (3)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debtsHigh revenue

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Health score

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✦ Verdict · Analyst summary

Financials

Trend over 20 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Revenue	7,8 M €		–		6,7 M €		–		–		–		–		–		–		–		–		–		–		1,3 M €		–		–		–		–		–		–
EBITDA	706,7 k €	-43.7%	1,3 M €	+196%	-1,3 M €	-185%	1,5 M €	-47.3%	2,9 M €	+125%	1,3 M €	+1025%	116,2 k €	-74.6%	457 k €	+23.5%	370,1 k €	+61.1%	229,8 k €	-13.7%	266,3 k €	+20.6%	220,7 k €	-3.6%	229,1 k €	+27.0%	180,4 k €	+52.8%	118,1 k €	-37.7%	189,7 k €	-0.0%	189,7 k €	+3.4%	183,5 k €	+36.9%	134 k €	+9.8%	122 k €
Operating result	640,9 k €	-45.6%	1,2 M €	+185%	-1,4 M €	-194%	1,5 M €	-48.6%	2,9 M €	+136%	1,2 M €	+1655%	-78,4 k €	-161%	128,4 k €	-22.5%	165,7 k €	+65.1%	100,3 k €	-26.3%	136,2 k €	+15.4%	118,1 k €	-8.4%	128,9 k €	+75.5%	73,5 k €	+60.7%	45,7 k €	-56.9%	106 k €	+22.7%	86,4 k €	+8.5%	79,7 k €	+115%	37,1 k €	+34.2%	27,6 k €
Net result	307,5 k €	-69.2%	999,3 k €	+179%	-1,3 M €	-242%	894,8 k €	-57.3%	2,1 M €	+124%	934,4 k €	+676%	-162,2 k €	-2218%	-7 k €	-116%	42,8 k €	+145%	17,5 k €	+1517%	-1,2 k €	-154%	2,3 k €	-84.7%	15 k €	+1661%	-961,9 €	+85.7%	-6,7 k €	-113%	51,9 k €	+71.6%	30,2 k €	+225%	9,3 k €	+590%	1,3 k €	-99.0%	134,7 k €
Balance sheet
Equity	3,8 M €	+8.8%	3,5 M €	+40.3%	2,5 M €	-33.9%	3,7 M €	+31.4%	2,9 M €	+276%	758,7 k €	+532%	-175,7 k €	-148%	362,4 k €	-1.9%	369,4 k €	+13.1%	326,5 k €	+5.7%	309 k €	-0.4%	310,3 k €	+79.4%	173 k €	-43.8%	308 k €	-0.3%	308,9 k €	-2.1%	315,6 k €	+19.7%	263,7 k €	+12.9%	233,5 k €	+4.1%	224,2 k €	+0.6%	222,9 k €
Total assets	8,1 M €	+27.2%	6,3 M €	+8.9%	5,8 M €	-18.6%	7,2 M €	+29.8%	5,5 M €	+85.5%	3 M €	+106%	1,4 M €	-43.4%	2,6 M €	+10.8%	2,3 M €	+56.9%	1,5 M €	-10.0%	1,6 M €	+1.6%	1,6 M €	+11.7%	1,4 M €	+63.9%	876,5 k €	-25.7%	1,2 M €	+20.3%	980,2 k €	-2.2%	1 M €	-7.9%	1,1 M €	-6.0%	1,2 M €	-6.1%	1,2 M €
Cash	291,4 k €	+137%	122,8 k €	-61.2%	316,5 k €	-73.5%	1,2 M €	+84.9%	644,8 k €	-50.6%	1,3 M €	+527%	207,9 k €	+99.2%	104,3 k €	-73.5%	393,3 k €	+122%	176,9 k €	+92.6%	91,8 k €	-31.9%	134,8 k €	-23.5%	176,2 k €	+181%	62,8 k €	+166%	23,6 k €	+33.2%	17,7 k €	-39.1%	29,1 k €	-14.1%	33,9 k €	-4.6%	35,5 k €	+67.3%	21,2 k €
Debts	2,9 M €	+28.3%	2,2 M €	-19.2%	2,8 M €	-4.6%	2,9 M €	+29.9%	2,2 M €	+23.1%	1,8 M €	+25.9%	1,4 M €	-28.9%	2 M €	+18.9%	1,7 M €	+64.1%	1 M €	-14.5%	1,2 M €	+3.7%	1,2 M €	+10.3%	1,1 M €	+104%	522,7 k €	-36.0%	817,2 k €	+41.3%	578,1 k €	-15.2%	681,4 k €	-14.3%	794,9 k €	-8.7%	870,9 k €	-7.8%	944,1 k €
Other
Workforce	63,2 ETP	+4.8%	60,3 ETP	-12.9%	69,2 ETP	-6.1%	73,7 ETP	+19.4%	61,7 ETP	+29.1%	47,8 ETP	+17.4%	40,7 ETP	+17.3%	34,7 ETP	+97.2%	17,6 ETP	+15.8%	15,2 ETP	-30.6%	21,9 ETP	-20.9%	27,7 ETP	+8.6%	25,5 ETP	+372%	5,4 ETP	+28.6%	4,2 ETP	+61.5%	2,6 ETP	-31.6%	3,8 ETP	+11.8%	3,4 ETP	+36.0%	2,5 ETP	+150%	1,0 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 2,5 M€ and 5 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 4 active · 22 ended

Active mandates

Doram ELKAYAM

Director

Active

Gideon ELKAYAM

Managing director

Active

Sandra FERRETTI

Director

Active

SYLVIA FERRETTI

Director

Active

Ended mandates

Doram ELKAYAM

Director · since 30 juin 2022 · until 10 mai 2027

Ended

Doram ELKAYAM

Director · since 30 juin 2022 · until 30 juin 2028

Ended

Gideon ELKAYAM

Director · since 30 juin 2022 · until 10 mai 2027

Ended

Sandra FERRETI

Director · since 30 juin 2022 · until 30 juin 2028

Ended

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Full model	Abridged model	Full model	Abridged model	Abridged model	Abridged 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	17/08/2026	06/02/2026	30/09/2024	27/02/2024	26/10/2022	13/10/2021
General meeting	03/07/2026	13/05/2025	28/06/2024	22/12/2023	30/06/2022	10/05/2021
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

20 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Full model	31/12/2025	03/07/2026	17/08/2026	French	PDF
Abridged model	31/12/2024	13/05/2025	06/02/2026	French	PDF
Full model	31/12/2023	28/06/2024	30/09/2024	French	PDF
Abridged model	31/12/2022	22/12/2023	27/02/2024	French	PDF
Abridged model	31/12/2021	30/06/2022	26/10/2022	French	PDF
Abridged model	31/12/2020	10/05/2021	13/10/2021	French	PDF
Abridged model	31/12/2019	12/05/2020	13/01/2021	French	PDF
Abridged model	31/12/2018	14/05/2019	30/08/2019	French	PDF
Abridged model	31/12/2017	08/05/2018	28/09/2018	French	PDF
Abridged model	31/12/2016	09/05/2017	30/08/2017	French	PDF
Abridged model	31/12/2015	10/05/2016	24/06/2016	French	PDF
Abridged model	31/12/2014	12/05/2015	26/06/2015	French	PDF
Abridged model	31/12/2013	13/05/2014	03/06/2014	French	PDF
Abridged model	31/12/2012	04/06/2013	16/07/2013	French	PDF
Abridged model	31/12/2011	05/06/2012	25/06/2012	French	PDF
Abridged model	31/12/2010	20/06/2011	08/07/2011	French	PDF
Abridged model	31/12/2009	07/07/2010	04/08/2010	French	PDF
Abridged model	31/12/2008	12/07/2009	11/08/2009	French	PDF
Abridged model	31/12/2007	30/06/2008	29/07/2008	French	PDF
Abridged model	31/12/2006	18/06/2007	10/07/2007	French	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 2,5 M€ and 5 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 · 4 active · 22 ended

Active mandates

Doram ELKAYAM

Director

Active

Gideon ELKAYAM

Managing director

Active

Sandra FERRETTI

Director

Active

SYLVIA FERRETTI

Director

Active

Ended mandates

Doram ELKAYAM

Director · since 30 juin 2022 · until 10 mai 2027

Ended

Doram ELKAYAM

Director · since 30 juin 2022 · until 30 juin 2028

Ended

Gideon ELKAYAM

Director · since 30 juin 2022 · until 10 mai 2027

Ended

Sandra FERRETI

Director · since 30 juin 2022 · until 30 juin 2028

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates14/10/2022
DEMISSIONS, NOMINATIONS
PDF
Mandates26/11/2021
DEMISSIONS, NOMINATIONS
PDF
Restructuring23/01/2020
RUBRIQUE RESTRUCTURATION (FUSION, SCISSION, TRANSFERT PATRIMOINE, ETC...)
PDF
Restructuring25/11/2019
RUBRIQUE RESTRUCTURATION (FUSION, SCISSION, TRANSFERT PATRIMOINE, ETC...)
PDF
Restructuring27/03/2019
RUBRIQUE RESTRUCTURATION (FUSION, SCISSION, TRANSFERT PATRIMOINE, ETC...)
PDF
Restructuring27/06/2018
CAPITAL, ACTIONS - RUBRIQUE RESTRUCTURATION (FUSION, SCISSION, TRANSFERT PATRIMOINE, ETC...)
PDF
Mandates11/09/2017
DEMISSIONS, NOMINATIONS
PDF
Capital / shares05/03/2014
CAPITAL, ACTIONS - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
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 2025307,5 k €↓
2024
Annual accounts 2024999,3 k €↑
2023
Annual accounts 2023-1,3 M €↓
2022
Annual accounts 2022894,8 k €↓
2021
Annual accounts 20212,1 M €↑
2020
Annual accounts 2020934,4 k €↑
2019
Annual accounts 2019-162,2 k €↓
2018
Annual accounts 2018-7 k €↓
2017
Annual accounts 201742,8 k €↑
2016
Annual accounts 201617,5 k €↑
2015
Annual accounts 2015-1,2 k €↓
2014
Annual accounts 20142,3 k €↓
2013
Annual accounts 201315 k €↑
2012
Annual accounts 2012-961,9 €↑
2011
Annual accounts 2011-6,7 k €↓
2010
Annual accounts 201051,9 k €↑
2009
Annual accounts 200930,2 k €↑
2008
Annual accounts 20089,3 k €↑
2007
Annual accounts 20071,3 k €↓
2006
Annual accounts 2006134,7 k €
27/09/1988
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

OBELIS

Overview

What does OBELIS do?

Trend over 20 financial years

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