ACTIVE

III KING

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Financial year 2025 · closed on 31/12/2025

Net result

433,8 k €

+46.1% YoY

Gross margin

1,3 M €

+12.3% YoY

Equity

600,5 k €

+34.4% YoY

What does III KING do?

III KING is a Public limited company incorporated in 1994. Its main activity is: Sea and coastal passenger water transport. Its registered office is in Molenbeek-Saint-Jean.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0453.476.384

Incorporation

27/09/1994

Legal form

Public limited company

Registered office

Rue De Bonne 61
1080 Molenbeek-Saint-Jean · BruxellesSee on map

Contributed capital

123 946,76 €

Latest accounts

31/12/2025

Activities (NACE)

50101Sea and coastal passenger water transport· main 50200Sea and coastal freight water transport 50200Sea and coastal freight water transport 52250Support activities for transportation 52290Other transportation support activities 63403Information service activities+4

Joint committees (2)

Contacts

1 public detail availableLog in to view

Signals

ProfitableSolid equityLow riskPositive cashflowPositive EBITDAHealthy social debts

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Health score

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✦ Verdict · Analyst summary

Financials

Trend over 19 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2006
Income statement
Gross margin	1,3 M €	+12.3%	1,1 M €	+14.0%	981,1 k €	+36.0%	721,3 k €	+25.2%	575,9 k €	+24.0%	464,4 k €	+39.9%	331,9 k €	-27.4%	457,4 k €	-14.4%	534,2 k €	-30.7%	771 k €	+5.7%	729,6 k €	-15.5%	863 k €	-1.0%	871,9 k €	-9.0%	958,2 k €	-27.2%	1,3 M €	+28.3%	1 M €	+311%	-487,1 k €	-157%	856,6 k €	+17.9%	726,7 k €
EBITDA	793,4 k €	+35.9%	583,9 k €	-0.6%	587,2 k €	+51.0%	388,8 k €	+55.6%	249,8 k €	+72.6%	144,7 k €	+1335%	10,1 k €	-93.2%	149,1 k €	+16.4%	128,1 k €	-58.2%	306,6 k €	+96.7%	155,9 k €	-40.8%	263,4 k €	+35.6%	194,3 k €	-18.7%	238,9 k €	-62.0%	629,1 k €	+61.5%	389,5 k €	+134%	-1,2 M €	-606%	228,1 k €	+27.6%	178,8 k €
Operating result	591,2 k €	+37.4%	430,1 k €	-11.3%	484,7 k €	+63.8%	295,8 k €	+54.0%	192,1 k €	+95.6%	98,2 k €	+337%	-41,5 k €	-145%	92,7 k €	+26.0%	73,6 k €	-70.1%	246,2 k €	+273%	66 k €	-62.5%	176,3 k €	+87.4%	94 k €	-8.3%	102,5 k €	-74.1%	395,5 k €	+19.2%	331,8 k €	+127%	-1,2 M €	-914%	148,8 k €	+16.6%	127,6 k €
Net result	433,8 k €	+46.1%	296,8 k €	+7.5%	276,2 k €	+17.0%	235,9 k €	+46.0%	161,6 k €	+167%	60,5 k €	+186%	-70,4 k €	-211%	63,7 k €	+46.4%	43,5 k €	-80.5%	222,5 k €	+709%	27,5 k €	-86.1%	198,3 k €	+208%	64,4 k €	+45.6%	44,2 k €	-57.9%	104,9 k €	-48.1%	202 k €	+115%	-1,4 M €	-712%	223,2 k €	+121%	101 k €
Balance sheet
Equity	600,5 k €	+34.4%	446,7 k €	+11.7%	399,9 k €	+23.5%	323,7 k €	+42.1%	227,8 k €	+114%	106,2 k €	+132%	45,7 k €	-60.6%	116,1 k €	+121%	52,5 k €	+485%	9 k €	+104%	-213,5 k €	+11.4%	-241,1 k €	+45.1%	-439,4 k €	+12.8%	-503,7 k €	+8.1%	-547,9 k €	+16.1%	-652,9 k €	+23.6%	-854,9 k €	-267%	511,4 k €	+373%	108,1 k €
Total assets	1,8 M €	-8.8%	1,9 M €	+6.2%	1,8 M €	+42.3%	1,3 M €	+36.6%	938,4 k €	+17.2%	800,4 k €	-26.3%	1,1 M €	-0.7%	1,1 M €	-9.3%	1,2 M €	-18.7%	1,5 M €	-71.1%	5,1 M €	+4.3%	4,9 M €	+35.5%	3,6 M €	-32.4%	5,4 M €	+4.4%	5,1 M €	+11.1%	4,6 M €	-35.1%	7,1 M €	+0.5%	7,1 M €	+137%	3 M €
Cash	1,1 M €	-4.7%	1,1 M €	+30.7%	855 k €	+126%	378,9 k €	+31.8%	287,6 k €	+43.6%	200,3 k €	+78.3%	112,3 k €	-25.1%	149,9 k €	+77.1%	84,6 k €	-47.0%	159,7 k €	+68.6%	94,7 k €	-63.8%	261,6 k €	+47.4%	177,5 k €	-32.8%	264,1 k €	-40.4%	442,8 k €	+105%	215,6 k €	-28.7%	302,4 k €	-62.1%	797,4 k €	+439%	148 k €
Debts	1,2 M €	-21.8%	1,5 M €	+4.6%	1,4 M €	+48.7%	958,2 k €	+34.8%	710,6 k €	+2.7%	691,8 k €	-33.5%	1 M €	+6.4%	977,3 k €	-15.2%	1,2 M €	-21.7%	1,5 M €	-72.4%	5,3 M €	+3.5%	5,2 M €	+28.7%	4 M €	-30.2%	5,7 M €	+3.3%	5,5 M €	+5.2%	5,3 M €	-33.4%	7,9 M €	+25.7%	6,3 M €	+142%	2,6 M €
Other
Workforce	–		–		–		–		–		–		–		–		–		3,9 ETP	0.0%	3,9 ETP	-68.5%	12,4 ETP	-4.6%	13,0 ETP	0.0%	13,0 ETP	0.0%	13,0 ETP	-5.8%	13,8 ETP	-1.4%	14,0 ETP	-16.7%	16,8 ETP	+1.2%	16,6 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 · 2 active · 8 ended

Active mandates

GEORGES MOUSSI AL MOUJABBER

Director

Active

MAJED GHAMMACHI

Director

Active

Ended mandates

Georges Moussi Al Moujabber

Managing director · since 16 janvier 1998

Ended

Majed Ghammachi

Managing director · since 16 janvier 1998

Ended

GEORGES MOUSSI AL MOUJABBER

Managing director

Ended

GEORGES MOUSSI AL MOUJABBER

Administrator - manager

Ended

At this address

Other companies at this address

Company	CBE no.
PROMO € MARKET● Active	0479.318.273

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Abridged model	Abridged 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	11/09/2026	21/08/2025	30/09/2024	28/06/2023	28/06/2023	28/05/2021
General meeting	28/05/2026	22/05/2025	23/05/2024	25/05/2023	26/05/2022	27/05/2021
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

23 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	28/05/2026	11/09/2026	French	PDF
Abridged model	31/12/2024	22/05/2025	21/08/2025	French	PDF
Abridged model	31/12/2023	23/05/2024	30/09/2024	French	PDF
Abridged model	31/12/2022	25/05/2023	28/06/2023	French	PDF
Abridged modelCorrection	31/12/2021	26/05/2022	28/06/2023	French	PDF
Abridged model	31/12/2021	26/05/2022	30/06/2022	French	PDF
Abridged model	31/12/2020	27/05/2021	28/05/2021	French	PDF
Abridged model	31/12/2019	28/05/2020	01/10/2020	French	PDF
Abridged model	31/12/2018	23/05/2019	30/01/2020	French	PDF
Abridged model	31/12/2017	24/05/2018	28/12/2018	French	PDF
Abridged model	31/12/2016	25/05/2017	29/12/2017	French	PDF
Abridged model	31/12/2015	26/05/2016	23/11/2016	French	PDF
Abridged model	31/12/2014	28/05/2015	18/06/2015	French	PDF
Abridged model	31/12/2013	22/05/2014	29/07/2014	French	PDF
Abridged modelCorrection	31/12/2012	23/05/2013	29/07/2014	French	PDF
Abridged model	31/12/2012	23/05/2013	20/08/2013	French	PDF
Abridged model	31/12/2011	24/05/2012	31/08/2012	French	PDF
Abridged model	31/12/2010	26/05/2011	29/09/2011	French	PDF
Abridged model	31/12/2009	01/12/2010	01/12/2010	French	PDF
Abridged modelCorrection	31/12/2008	28/05/2009	01/12/2010	French	PDF
Abridged model	31/12/2008	28/05/2009	25/02/2010	French	PDF
Abridged model	31/12/2007	31/07/2009	02/11/2009	French	PDF
Abridged model	31/12/2006	31/07/2007	30/10/2007	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 · 2 active · 8 ended

Active mandates

GEORGES MOUSSI AL MOUJABBER

Director

Active

MAJED GHAMMACHI

Director

Active

Ended mandates

Georges Moussi Al Moujabber

Managing director · since 16 janvier 1998

Ended

Majed Ghammachi

Managing director · since 16 janvier 1998

Ended

GEORGES MOUSSI AL MOUJABBER

Managing director

Ended

GEORGES MOUSSI AL MOUJABBER

Administrator - manager

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates07/07/2022
DEMISSIONS, NOMINATIONS
PDF
Registered office06/02/2018
SIEGE SOCIAL
PDF
Mandates23/08/2013
CAPITAL, ACTIONS - DEMISSIONS, NOMINATIONS
PDF
Mandates21/02/2008
DEMISSIONS, NOMINATIONS
PDF
Mandates04/02/2008
DEMISSIONS, NOMINATIONS
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 2025433,8 k €↑
2024
Annual accounts 2024296,8 k €↑
2023
Annual accounts 2023276,2 k €↑
2022
Annual accounts 2022235,9 k €↑
2021
Annual accounts 2021161,6 k €↑
2020
Annual accounts 202060,5 k €↑
2019
Annual accounts 2019-70,4 k €↓
2018
Annual accounts 201863,7 k €↑
2017
Annual accounts 201743,5 k €↓
2016
Annual accounts 2016222,5 k €↑
2015
Annual accounts 201527,5 k €↓
2014
Annual accounts 2014198,3 k €↑
2013
Annual accounts 201364,4 k €↑
2012
Annual accounts 201244,2 k €↓
2011
Annual accounts 2011104,9 k €↓
2010
Annual accounts 2010202 k €↑
2009
Annual accounts 2009-1,4 M €↓
2008
Annual accounts 2008223,2 k €↑
2006
Annual accounts 2006101 k €
27/09/1994
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

III KING

Overview

What does III KING do?

Trend over 19 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