ACTIVE

EXPLORE D

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Financial year 2026 · closed on 31/03/2026
Net result
61,1 k €
+56.4% YoY
Gross margin
108,3 k €
+24.0% YoY
Equity
265,5 k €
+29.9% YoY

What does EXPLORE D do?

EXPLORE D is a Private limited company incorporated in 2016. Its main activity is: Passenger air transport. Its registered office is in Maarkedal.

Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0654.982.305
Incorporation
25/05/2016
Legal form
Private limited company
Registered office
Terbeke 3
9681 Maarkedal · FlandreSee on map
Contributed capital
18 600,00 €
Latest accounts
31/03/2026
Activities (NACE)
51100Passenger air transport· main51100Passenger air transport49320Taxi operation49390Other passenger land transport n.e.c.
Signals
ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA
View the BCE/KBO Public Search record →
Health score
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✦ Verdict · Analyst summary
Financials

Trend over 7 financial years

2026202520242023202220192018
Income statement
Gross margin108,3 k €87,3 k €95,5 k €101,1 k €26,1 k €10,6 k €5,7 k €
EBITDA106,9 k €75,3 k €94,9 k €100 k €25,1 k €8,1 k €2,4 k €
Operating result82 k €53,1 k €76,1 k €89 k €19,6 k €3,3 k €-4,1 k €
Net result61,1 k €39,1 k €56,7 k €67,3 k €13,3 k €3,1 k €-4,7 k €
Balance sheet
Equity265,5 k €204,4 k €165,4 k €108,7 k €35,2 k €10,8 k €7,7 k €
Total assets280,7 k €229,1 k €189,4 k €142,3 k €39,8 k €29,8 k €27,5 k €
Cash145,4 k €76,5 k €109,7 k €49 k €25,4 k €11,4 k €3,4 k €
Debts15,2 k €24,7 k €24 k €33,6 k €4,6 k €19 k €19,8 k €
Estimate

Indicative valuation

As an indication, this company is worth

between 500 k€ and 1 M€
See the valuation
Governance

Board of directors

Seen on filing of 31/03/2026 · 1 active · 1 ended

Active mandates

KRISTOF BAUWENS

Director

Active

Ended mandates

Kristof BAUWENS

Manager

Ended
Annual accounts

Full financial information

202620252024202320222021
Type of accountMicro modelMicro modelMicro modelMicro modelMicro modelMicro model
Start of the financial year01/04/202501/04/202401/04/202301/04/202201/04/202101/04/2020
Closing of the financial year31/03/202631/03/202531/03/202431/03/202331/03/202231/03/2021
Length of the financial year12 months12 months12 months12 months12 months12 months
Filing date14/09/202628/10/202530/09/202406/10/202328/09/202228/10/2021
General meeting11/09/202630/09/202513/09/202408/09/202309/09/202230/09/2021
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls
Ratios

Financial ratios

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Filings

Annual accounts filings

9 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Micro model31/03/202611/09/202614/09/2026DutchPDF
Micro model31/03/202530/09/202528/10/2025DutchPDF
Micro model31/03/202413/09/202430/09/2024DutchPDF
Micro model31/03/202308/09/202306/10/2023DutchPDF
Micro model31/03/202209/09/202228/09/2022DutchPDF
Micro model31/03/202130/09/202128/10/2021DutchPDF
Micro model31/03/202030/09/202019/10/2020DutchPDF
Micro model31/03/201913/09/201919/09/2019DutchPDF
Micro model31/03/201814/09/201803/10/2018DutchPDF
Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 500 k€ and 1 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 31/03/2026 · 1 active · 1 ended

Active mandates

KRISTOF BAUWENS

Director

Active

Ended mandates

Kristof BAUWENS

Manager

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Mandates25/04/2023
    STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …) - WIJZIGING RECHTSVORM - ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates07/10/2016
    ONTSLAGEN - BENOEMINGEN - BOEKJAAR
    PDF
  • Other27/05/2016
    RUBRIEK OPRICHTING (NIEUWE RECHTSPERSOON, OPENING BIJKANTOOR, ENZ...)
    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

Timeline

  1. 2026
    Annual accounts 202661,1 k €↑
  2. 2025
    Annual accounts 202539,1 k €↓
  3. 2024
    Annual accounts 202456,7 k €↓
  4. 2023
    Annual accounts 202367,3 k €↑
  5. 2022
    Annual accounts 202213,3 k €↑
  6. 2019
    Annual accounts 20193,1 k €↑
  7. 2018
    Annual accounts 2018-4,7 k €
  8. 25/05/2016
    IncorporationPrivate limited company