ACTIVE

EXPAIRTOURS

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Financial year 2025 · closed on 31/12/2025

Net result

549,7 k €

-47.7% YoY

Gross margin

958,3 k €

-40.1% YoY

Equity

2,4 M €

-39.0% YoY

Workforce

3,6 ETP

-10.0% YoY

What does EXPAIRTOURS do?

EXPAIRTOURS is a Public limited company incorporated in 2003. Its main activity is: Information service activities. Its registered office is in Bruxelles. It employs on average 3,6 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0860.129.979

Incorporation

30/06/2003

Legal form

Public limited company

Registered office

Rue de la Montagne 58-60
1000 Bruxelles · BruxellesSee on map

Contributed capital

100 000,00 €

Latest accounts

31/12/2025

Average workforce

3,6 ETP

Activities (NACE)

63301Information service activities· main 79110Travel agency activities 79110Travel agency activities

Joint committees (3)

200
2000
218

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

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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
Gross margin	958,3 k €	-40.1%	1,6 M €	+35.4%	1,2 M €	-48.5%	2,3 M €	+99.7%	1,2 M €	+141%	477,4 k €	-48.9%	934,2 k €	+2.2%	914 k €	+45.3%	629,3 k €	-33.3%	943,6 k €	+102%	466,4 k €	+48.8%	313,3 k €	+7.7%	290,8 k €	+33.8%	217,4 k €	-37.9%	349,8 k €	+13.1%	309,3 k €	-6.9%	332,2 k €	+17.8%	282 k €	+39.1%	202,7 k €	-25.1%	270,6 k €
EBITDA	687,7 k €	-47.8%	1,3 M €	+47.4%	893,3 k €	-54.5%	2 M €	+121%	886,7 k €	+226%	271,6 k €	-49.4%	536,5 k €	+11.9%	479,6 k €	+113%	224,7 k €	-64.5%	632,5 k €	+245%	183,4 k €	+164%	69,5 k €	-2.4%	71,2 k €	+407%	-23,2 k €	-134%	69,1 k €	+242%	-48,6 k €	-98.4%	-24,5 k €	-135%	70,6 k €	+713%	-11,5 k €	-115%	75,4 k €
Operating result	650,1 k €	-49.3%	1,3 M €	+48.8%	861,6 k €	-55.8%	1,9 M €	+125%	864,3 k €	+254%	244,5 k €	-51.7%	506,4 k €	+12.5%	450 k €	+135%	191,6 k €	-68.6%	609,5 k €	+255%	171,5 k €	+228%	52,3 k €	-11.0%	58,8 k €	+279%	-32,9 k €	-152%	63,8 k €	+215%	-55,6 k €	-64.5%	-33,8 k €	-167%	50,1 k €	+244%	-34,8 k €	-163%	55 k €
Net result	549,7 k €	-47.7%	1,1 M €	+76.6%	594,9 k €	-54.6%	1,3 M €	+113%	614,9 k €	+282%	160,8 k €	-51.3%	330,3 k €	+14.2%	289,2 k €	+67.0%	173,1 k €	-52.4%	363,9 k €	+228%	111,1 k €	+208%	36 k €	-19.5%	44,7 k €	+238%	-32,4 k €	-145%	72,3 k €	+234%	-54,1 k €	-51.8%	-35,7 k €	-169%	51,5 k €	+291%	-27 k €	-141%	65,5 k €
Balance sheet
Equity	2,4 M €	-39.0%	3,9 M €	+22.4%	3,2 M €	+11.7%	2,9 M €	+65.3%	1,7 M €	+16.8%	1,5 M €	+12.1%	1,3 M €	+33.0%	1 M €	+40.6%	712,5 k €	-3.6%	739,3 k €	+96.9%	375,5 k €	+42.0%	264,4 k €	+15.8%	228,4 k €	+24.4%	183,7 k €	-15.0%	216,1 k €	+50.3%	143,8 k €	-27.4%	197,9 k €	-15.3%	233,5 k €	+28.1%	182,3 k €	+35.7%	134,3 k €
Total assets	7 M €	+3.1%	6,7 M €	+38.1%	4,9 M €	+1.2%	4,8 M €	+5.1%	4,6 M €	-12.6%	5,3 M €	+22.1%	4,3 M €	+29.8%	3,3 M €	+16.0%	2,9 M €	+1.3%	2,8 M €	+62.2%	1,7 M €	+20.8%	1,4 M €	+196%	485,8 k €	+12.7%	431 k €	-22.6%	556,9 k €	+52.9%	364,3 k €	-31.3%	530,3 k €	-12.6%	606,8 k €	-2.3%	620,8 k €	+7.7%	576,4 k €
Cash	5,7 M €	-1.5%	5,8 M €	+50.0%	3,8 M €	-6.0%	4,1 M €	+8.6%	3,8 M €	-20.9%	4,8 M €	+16.0%	4,1 M €	+49.6%	2,7 M €	+24.6%	2,2 M €	-12.8%	2,5 M €	+71.8%	1,5 M €	+61.4%	908,8 k €	+369%	193,9 k €	+115%	90,2 k €	-51.4%	185,8 k €	+137%	78,3 k €	-55.7%	176,9 k €	-6.2%	188,6 k €	-28.2%	262,8 k €	+4.3%	252 k €
Debts	2,4 M €	+330%	555,8 k €	+463%	98,7 k €	-86.3%	722,1 k €	+14.7%	629,6 k €	-59.5%	1,6 M €	+195%	527 k €	+116%	244,3 k €	-31.4%	356,4 k €	-37.7%	571,7 k €	+65.3%	345,8 k €	-7.3%	373 k €	+44.9%	257,4 k €	+4.1%	247,3 k €	-25.5%	332,1 k €	+90.8%	174,1 k €	-38.7%	283,9 k €	-6.4%	303,2 k €	-17.4%	366,9 k €	+3.2%	355,3 k €
Other
Workforce	3,6 ETP	-10.0%	4,0 ETP	-20.0%	5,0 ETP	-2.0%	5,1 ETP	+10.9%	4,6 ETP	-33.3%	6,9 ETP	-14.8%	8,1 ETP	-11.0%	9,1 ETP	-5.2%	9,6 ETP	+18.5%	8,1 ETP	+3.8%	7,8 ETP	+25.8%	6,2 ETP	+14.8%	5,4 ETP	-3.6%	5,6 ETP	-16.4%	6,7 ETP	-26.4%	9,1 ETP	+9.6%	8,3 ETP	+62.7%	5,1 ETP	-3.8%	5,3 ETP	+17.8%	4,5 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 10 M€ and 25 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 10 ended

Active mandates

Ali Labidi

Director · since 16 septembre 2025

Active

Ended mandates

ALI LABIDI

Managing director · since 11 juin 2021 · until 11 juin 2027

Ended

Mohsen Tounsi

Director · since 11 juin 2021 · until 11 juin 2027

Ended

Ali LABIDI

Managing director · since 10 juin 2021 · until 10 juin 2027

Ended

Mohsen TOUNSI

Director · since 10 juin 2021 · until 10 juin 2024

Ended

At this address

Other companies at this address

Company	CBE no.
IMMO LABEL● Active	0891.795.927

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	29/08/2025	31/07/2024	24/07/2023	23/04/2024	29/07/2021
General meeting	12/06/2026	13/06/2025	14/06/2024	09/06/2023	10/06/2022	11/06/2021
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

21 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	12/06/2026	23/07/2026	French	PDF
Abridged model	31/12/2024	13/06/2025	29/08/2025	French	PDF
Abridged model	31/12/2023	14/06/2024	31/07/2024	French	PDF
Abridged model	31/12/2022	09/06/2023	24/07/2023	French	PDF
Abridged modelCorrection	31/12/2021	10/06/2022	23/04/2024	French	PDF
Abridged model	31/12/2021	10/06/2022	02/08/2022	French	PDF
Abridged model	31/12/2020	11/06/2021	29/07/2021	French	PDF
Abridged model	31/12/2019	12/06/2020	28/08/2020	French	PDF
Abridged model	31/12/2018	14/06/2019	31/07/2019	French	PDF
Abridged model	31/12/2017	08/06/2018	31/07/2018	French	PDF
Abridged model	31/12/2016	09/06/2017	31/07/2017	French	PDF
Abridged model	31/12/2015	10/06/2016	26/07/2016	French	PDF
Abridged model	31/12/2014	12/06/2015	29/07/2015	French	PDF
Abridged model	31/12/2013	13/06/2014	14/07/2014	French	PDF
Abridged model	31/12/2012	14/06/2013	17/06/2013	French	PDF
Abridged model	31/12/2011	08/06/2012	05/07/2012	French	PDF
Abridged model	31/12/2010	10/06/2011	07/07/2011	French	PDF
Abridged model	31/12/2009	11/06/2010	05/07/2010	French	PDF
Abridged model	31/12/2008	12/06/2009	06/07/2009	French	PDF
Abridged model	31/12/2007	13/06/2008	07/07/2008	French	PDF
Abridged model	31/12/2006	08/06/2007	21/06/2007	French	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 10 M€ and 25 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 · 1 active · 10 ended

Active mandates

Ali Labidi

Director · since 16 septembre 2025

Active

Ended mandates

ALI LABIDI

Managing director · since 11 juin 2021 · until 11 juin 2027

Ended

Mohsen Tounsi

Director · since 11 juin 2021 · until 11 juin 2027

Ended

Ali LABIDI

Managing director · since 10 juin 2021 · until 10 juin 2027

Ended

Mohsen TOUNSI

Director · since 10 juin 2021 · until 10 juin 2024

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates26/09/2025
DEMISSIONS, NOMINATIONS
PDF
Mandates07/02/2022
DEMISSIONS, NOMINATIONS
PDF
Capital / shares05/07/2017
CAPITAL, ACTIONS - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
PDF
Mandates28/08/2015
DEMISSIONS, NOMINATIONS
PDF
Mandates19/10/2009
DEMISSIONS, NOMINATIONS
PDF
Registered office18/02/2008
SIEGE SOCIAL
PDF
Mandates03/09/2007
DEMISSIONS, NOMINATIONS
PDF
Registered office08/05/2006
SIEGE SOCIAL
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 2025549,7 k €↓
2024
Annual accounts 20241,1 M €↑
2023
Annual accounts 2023594,9 k €↓
2022
Annual accounts 20221,3 M €↑
2021
Annual accounts 2021614,9 k €↑
2020
Annual accounts 2020160,8 k €↓
2019
Annual accounts 2019330,3 k €↑
2018
Annual accounts 2018289,2 k €↑
2017
Annual accounts 2017173,1 k €↓
2016
Annual accounts 2016363,9 k €↑
2015
Annual accounts 2015111,1 k €↑
2014
Annual accounts 201436 k €↓
2013
Annual accounts 201344,7 k €↑
2012
Annual accounts 2012-32,4 k €↓
2011
Annual accounts 201172,3 k €↑
2010
Annual accounts 2010-54,1 k €↓
2009
Annual accounts 2009-35,7 k €↓
2008
Annual accounts 200851,5 k €↑
2007
Annual accounts 2007-27 k €↓
2006
Annual accounts 200665,5 k €
30/06/2003
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

EXPAIRTOURS

Overview

What does EXPAIRTOURS do?

Trend over 20 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