ACTIVE

HAPPY FLIGHT

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Financial year 2025 · closed on 31/12/2025

Net result

62,9 k €

-68.8% YoY

Gross margin

1,5 M €

-13.1% YoY

Equity

101,8 k €

+161.5% YoY

Workforce

27,1 ETP

What does HAPPY FLIGHT do?

HAPPY FLIGHT is a Private limited company incorporated in 1997. Its registered office is in Oostende. It employs on average 27,1 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0460.593.810

Incorporation

30/04/1997

Legal form

Private limited company

Registered office

Torhoutsesteenweg 582
8400 Oostende · FlandreSee on map

Contributed capital

31 509,96 €

Latest accounts

31/12/2025

Average workforce

27,1 ETP

Joint committees (1)

Signals

ProfitablePositive cashflowPositive EBITDAHealthy social debts

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Health score

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✦ Verdict · Analyst summary

Financials

Trend over 18 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008
Income statement
Gross margin	1,5 M €	-13.1%	1,8 M €	+15.6%	1,5 M €	+3.2%	1,5 M €	-23.1%	1,9 M €	+40.3%	1,4 M €	+12.6%	1,2 M €	+0.6%	1,2 M €	+5.2%	1,2 M €	-1.3%	1,2 M €	+5.5%	1,1 M €	-6.5%	1,2 M €	+4.9%	1,1 M €	+4.9%	1,1 M €	+14.9%	937,9 k €	+9.8%	854 k €	+11.9%	763 k €	+13.1%	674,5 k €
EBITDA	211,1 k €	-43.8%	375,4 k €	+2326%	-16,9 k €	-110%	166,3 k €	-79.9%	828,8 k €	+84.4%	449,6 k €	+81.5%	247,7 k €	-4.3%	258,9 k €	+22.1%	212,1 k €	-21.5%	270,3 k €	+5.4%	256,4 k €	+0.5%	255 k €	+13.1%	225,6 k €	-8.7%	247,1 k €	+16.3%	212,5 k €	+11.1%	191,3 k €	+61.7%	118,3 k €	+50.0%	78,9 k €
Operating result	115,1 k €	-59.9%	287,4 k €	+350%	-114,8 k €	-275%	65,4 k €	-91.1%	737,5 k €	+98.0%	372,5 k €	+129%	162,4 k €	-29.6%	230,6 k €	+42.4%	162 k €	-20.9%	204,9 k €	+12.3%	182,4 k €	+4.0%	175,4 k €	+73.2%	101,3 k €	+22.0%	83,1 k €	-35.3%	128,3 k €	+49.7%	85,7 k €	+52.9%	56 k €	+32.6%	42,3 k €
Net result	62,9 k €	-68.8%	201,2 k €	+154%	-374,7 k €	-931%	45,1 k €	-92.3%	586 k €	+109%	280,9 k €	+116%	130 k €	-16.3%	155,3 k €	+66.9%	93,1 k €	-28.3%	129,8 k €	+16.1%	111,8 k €	+0.6%	111,1 k €	+92.6%	57,7 k €	+48.0%	39 k €	-46.4%	72,7 k €	+56.9%	46,3 k €	+34.2%	34,5 k €	+91.3%	18,1 k €
Balance sheet
Equity	101,8 k €	+162%	38,9 k €	+417%	-12,3 k €	-103%	362,4 k €	-22.4%	467,3 k €	+41.1%	331,3 k €	-5.4%	350,4 k €	+59.0%	220,3 k €	+57.4%	140 k €	+198%	46,9 k €	+11.4%	42,1 k €	-23.9%	55,3 k €	+25.1%	44,2 k €	+21.0%	36,5 k €	-67.6%	112,7 k €	+40.9%	80 k €	+8.6%	73,6 k €	-6.9%	79,1 k €
Total assets	1,7 M €	+106%	834,2 k €	-11.8%	945,3 k €	-20.5%	1,2 M €	-30.7%	1,7 M €	+30.6%	1,3 M €	+8.4%	1,2 M €	+48.7%	814,9 k €	-12.4%	930,8 k €	-3.7%	966 k €	-12.3%	1,1 M €	+11.5%	987,5 k €	-0.1%	988,4 k €	-13.7%	1,1 M €	+54.9%	740 k €	+6.1%	697,5 k €	+8.4%	643,3 k €	+24.8%	515,3 k €
Cash	319,7 k €	-28.7%	448,2 k €	+109%	214,2 k €	-10.6%	239,4 k €	-74.9%	954,1 k €	+106%	462,8 k €	+16.1%	398,7 k €	+26.3%	315,6 k €	+9.3%	288,8 k €	+37.7%	209,7 k €	-22.1%	269,3 k €	+55.6%	173,1 k €	+28.2%	135 k €	-65.7%	394 k €	+84.2%	213,9 k €	+74.9%	122,3 k €	+33.9%	91,3 k €	+17.6%	77,7 k €
Debts	1,6 M €	+104%	793,4 k €	-17.0%	956,3 k €	+16.4%	821,6 k €	-34.2%	1,2 M €	+27.2%	981,4 k €	+13.9%	861,8 k €	+44.9%	594,6 k €	-24.8%	790,8 k €	-14.0%	919,1 k €	-13.2%	1,1 M €	+13.6%	932,2 k €	-1.3%	944,2 k €	-14.8%	1,1 M €	+76.6%	627,3 k €	+1.8%	615,9 k €	+8.7%	566,4 k €	+29.8%	436,2 k €
Other
Workforce	27,1 ETP		0,0 ETP	-100%	26,6 ETP	-8.6%	29,1 ETP	0.0%	29,1 ETP	+1.7%	28,6 ETP	+14.4%	25,0 ETP	+10.6%	22,6 ETP	+1.8%	22,2 ETP	-0.9%	22,4 ETP	+16.1%	19,3 ETP	-16.8%	23,2 ETP	-0.9%	23,4 ETP	-9.3%	25,8 ETP	+10.3%	23,4 ETP	+13.0%	20,7 ETP	+18.3%	17,5 ETP	-10.3%	19,5 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 250 k€ and 500 k€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 5 ended

Active mandates

SOMATICS

Director · 0898.868.415

Represented by De HERDT MARCEL

Active

Ended mandates

Willy Verrecas

Mandate

Ended

Willy Verrecas

Director · until 28 février 2024

Ended

Willy Verrecas

Director

Ended

Willy Verrecas

Administrator - manager

Ended

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	23/07/2026	29/07/2025	30/08/2024	01/09/2023	30/08/2022	31/08/2021
General meeting	30/06/2026	30/06/2025	31/07/2024	11/04/2023	11/04/2022	12/04/2021
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
Abridged model	31/12/2025	30/06/2026	23/07/2026	Dutch	PDF
Abridged model	31/12/2024	30/06/2025	29/07/2025	Dutch	PDF
Abridged model	31/12/2023	31/07/2024	30/08/2024	Dutch	PDF
Abridged model	31/12/2022	11/04/2023	01/09/2023	Dutch	PDF
Abridged model	31/12/2021	11/04/2022	30/08/2022	Dutch	PDF
Abridged model	31/12/2020	12/04/2021	31/08/2021	Dutch	PDF
Abridged model	31/12/2019	08/09/2020	06/11/2020	Dutch	PDF
Abridged model	31/12/2018	08/04/2019	30/08/2019	Dutch	PDF
Abridged model	31/12/2017	09/04/2018	31/08/2018	Dutch	PDF
Abridged model	31/12/2016	10/04/2017	31/08/2017	Dutch	PDF
Abridged model	31/12/2015	11/04/2016	31/08/2016	Dutch	PDF
Abridged model	31/12/2014	13/04/2015	30/09/2015	Dutch	PDF
Abridged model	31/12/2013	20/02/2015	10/03/2015	Dutch	PDF
Abridged model	31/12/2012	08/04/2013	29/08/2013	Dutch	PDF
Abridged model	31/12/2011	10/04/2012	21/08/2012	Dutch	PDF
Abridged model	31/12/2010	11/04/2011	18/08/2011	Dutch	PDF
Abridged model	31/12/2009	12/04/2010	26/08/2010	Dutch	PDF
Abridged model	31/12/2008	14/04/2009	24/08/2009	Dutch	PDF
Abridged model	31/12/2007	14/04/2008	28/08/2008	Dutch	PDF
Abridged model	31/12/2006	10/04/2007	27/08/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 250 k€ and 500 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 31/12/2025 · 1 active · 5 ended

Active mandates

SOMATICS

Director · 0898.868.415

Represented by De HERDT MARCEL

Active

Ended mandates

Willy Verrecas

Mandate

Ended

Willy Verrecas

Director · until 28 février 2024

Ended

Willy Verrecas

Director

Ended

Willy Verrecas

Administrator - manager

Ended

Shareholders

Ownership and network

Looking for more information about this company?

Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates15/07/2024
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - DIVERSEN - ONTSLAGEN - BENOEMINGEN
PDF
Mandates15/05/2024
KAPITAAL - AANDELEN - ONTSLAGEN - BENOEMINGEN
PDF
Mandates11/01/2024
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM - ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares25/04/2005
KAPITAAL - AANDELEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
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 202562,9 k €↓
2024
Annual accounts 2024201,2 k €↑
2023
Annual accounts 2023-374,7 k €↓
2022
Annual accounts 202245,1 k €↓
2021
Annual accounts 2021586 k €↑
2020
Annual accounts 2020280,9 k €↑
2019
Annual accounts 2019130 k €↓
2018
Annual accounts 2018155,3 k €↑
2017
Annual accounts 201793,1 k €↓
2016
Annual accounts 2016129,8 k €↑
2015
Annual accounts 2015111,8 k €↑
2014
Annual accounts 2014111,1 k €↑
2013
Annual accounts 201357,7 k €↑
2012
Annual accounts 201239 k €↓
2011
Annual accounts 201172,7 k €↑
2010
Annual accounts 201046,3 k €↑
2009
Annual accounts 200934,5 k €↑
2008
Annual accounts 200818,1 k €
30/04/1997
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

HAPPY FLIGHT

Overview

What does HAPPY FLIGHT do?

Trend over 18 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