ACTIVE

TUI AIRLINES BELGIUM

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Financial year 2025 · Closed on 30/09/2025

Net result-81,4 M €+4,7 %over 1 year
Revenue732,1 M €-1,3 %over 1 year
Equity-340,8 M €-31,4 %over 1 year
Workforce1 073,0 ETP+6,0 %over 1 year

Identity

Source · BCE/KBO

TUI AIRLINES BELGIUM is a Public limited company incorporated in 2003. Its main activity is: Passenger air transport. Its registered office is in Zaventem. It employs on average 1 073,0 ETP workers (FTE).

Legal situation
Normal situation
BCE/KBO no. / VAT
BE 0861.741.466
Incorporation
20/11/2003
Legal form
Public limited company
Registered office
Luchthaven Brussel Nationaal 40 box 1
1930 Zaventem · FlandreSee on map
Contributed capital
383 000 000,00 €
Latest accounts
30/09/2025
Average workforce
1 073,0 ETP
Joint committees (1)
  • 31502
Signals
Healthy social debtsHigh revenue

Financials

Source · NBB, 20 filings

Trend over 16 financial years

20252024202320222021
Income statement
Revenue732,1 M €741,6 M €746,9 M €693,1 M €280,9 M €
EBITDA-52 M €-138,5 M €-94,4 M €-100,7 M €-143,9 M €
Operating result-74,4 M €-90 M €-61,6 M €-116,5 M €-147,1 M €
Net result-81,4 M €-85,5 M €-57,5 M €-119,8 M €-151,9 M €
Balance sheet
Equity-340,8 M €-259,4 M €-198,8 M €-316,4 M €-240,6 M €
Total assets482,4 M €479,1 M €461,9 M €353,5 M €341,8 M €
Cash10,2 M €1,8 M €6,2 M €28,6 M €61,2 M €
Debts674,5 M €602,9 M €450,1 M €418,1 M €329 M €
Other
Workforce1 073,0 ETP1 012,0 ETP1 006,0 ETP971,7 ETP826,7 ETP

Board of directors

Source · NBB, accounts to 30/09/2025

4 active · 39 ended

Active mandates

Leen Vander Kuylen

Director · since 24 février 2025 · until 08 janvier 2031

Active
Christopher Grube

Director · since 10 janvier 2025 · until 08 janvier 2031

Active
GUNTER HOFMAN

Director · since 29 mars 2021 · until 08 janvier 2027

Active
WIVABE SERVICES

Director · since 29 mars 2021 · until 31 décembre 2024 · 0828.080.684

Represented by WIM VAN BESIEN

Active

Ended mandates

ELIE BRUYNINCKX CONSULTING

Chairman of the board of directors · since 29 mars 2021 · until 30 septembre 2024 · 0873.528.352

Represented by ELIE Bruyninckx

Ended
ELIE BRUYNINCKX CONSULTING

Chairman of the board of directors · since 29 mars 2021 · until 08 janvier 2027 · 0873.528.352

Represented by ELIE Bruyninckx

Ended
WIVABE SERVICES

Director · since 29 mars 2021 · until 08 janvier 2027 · 0828.080.684

Represented by WIM VAN BESIEN

Ended
WAEVER Geoffrey

Director · since 23 octobre 2020 · until 22 janvier 2021

Ended

Full financial information

Source · NBB
202520242023202220212020
Type of accountFull modelFull modelFull modelFull modelFull modelFull model
Start of the financial year01/10/202401/10/202301/10/202201/10/202101/10/202001/10/2019
Closing of the financial year30/09/202530/09/202430/09/202330/09/202230/09/202130/09/2020
Length of the financial year12 months12 months12 months12 months12 months12 months
Filing date30/04/202630/04/202522/02/202414/02/202325/03/202231/03/2021
General meeting30/03/202630/04/202524/01/202409/01/202317/01/202229/03/2021
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls

Financial ratios

Source · NBB

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Annual accounts filings

Source · NBB, 20 filings
ModelClosingGeneral meetingFiledLanguageDocument
Full model30/09/202530/03/202630/04/2026DutchPDF
Full model30/09/202430/04/202530/04/2025DutchPDF
Full model30/09/202324/01/202422/02/2024DutchPDF
Full model30/09/202209/01/202314/02/2023DutchPDF
Full model30/09/202117/01/202225/03/2022DutchPDF
Full model30/09/202029/03/202131/03/2021DutchPDF
Full model30/09/201902/04/202004/04/2020DutchPDF
Full model30/09/201820/03/201925/04/2019DutchPDF
Full model30/09/201701/06/201812/06/2018DutchPDF
Full model30/09/201614/02/201716/03/2017DutchPDF
Full model30/09/201526/05/201610/06/2016DutchPDF
Full model30/09/201430/04/201511/05/2015DutchPDF
Full model30/09/201327/03/201424/04/2014DutchPDF
Full model30/09/201225/04/201308/05/2013DutchPDF
Full model30/09/201120/03/201227/04/2012DutchPDF
Full model30/09/201031/03/201115/04/2011DutchPDF
Full model30/09/200920/03/201023/03/2010DutchPDF
Full model30/09/200803/07/200911/08/2009DutchPDF
Full model30/09/200703/07/200819/09/2008DutchPDF
Full model31/12/200620/06/200720/07/2007DutchPDF

Indicative valuation

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.

Board of directors

Source · NBB, accounts to 30/09/2025

4 active · 39 ended

Active mandates

Leen Vander Kuylen

Director · since 24 février 2025 · until 08 janvier 2031

Active
Christopher Grube

Director · since 10 janvier 2025 · until 08 janvier 2031

Active
GUNTER HOFMAN

Director · since 29 mars 2021 · until 08 janvier 2027

Active
WIVABE SERVICES

Director · since 29 mars 2021 · until 31 décembre 2024 · 0828.080.684

Represented by WIM VAN BESIEN

Active

Ended mandates

ELIE BRUYNINCKX CONSULTING

Chairman of the board of directors · since 29 mars 2021 · until 30 septembre 2024 · 0873.528.352

Represented by ELIE Bruyninckx

Ended
ELIE BRUYNINCKX CONSULTING

Chairman of the board of directors · since 29 mars 2021 · until 08 janvier 2027 · 0873.528.352

Represented by ELIE Bruyninckx

Ended
WIVABE SERVICES

Director · since 29 mars 2021 · until 08 janvier 2027 · 0828.080.684

Represented by WIM VAN BESIEN

Ended
WAEVER Geoffrey

Director · since 23 octobre 2020 · until 22 janvier 2021

Ended

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette
  • Other24/09/2026
    —
    PDF
  • Mandates12/03/2025
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates14/02/2025
    ONTSLAGEN - BENOEMINGEN - DIVERSEN
    PDF
  • Mandates23/12/2024
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates02/04/2024
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Capital / shares27/10/2022
    STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …) - KAPITAAL - AANDELEN
    PDF
  • Other13/01/2022
    STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …) - BENAMING - ALGEMENE VERGADERING
    PDF
  • Mandates29/07/2021
    ONTSLAGEN - BENOEMINGEN
    PDF

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

Timeline

  1. 2025
    Annual accounts 2025-81,4 M €↑
  2. 24/02/2025
    nominationLeen Vander Kuylen — bestuurder
  3. 10/01/2025
    nominationChristopher Grube — bestuurder
  4. 2024
    Annual accounts 2024-85,5 M €↓
  5. 2023
    Annual accounts 2023-57,5 M €↑
  6. 09/01/2023
    reconductionDeloitte Bedrijfsrevisoren BV — commissaris
  7. 2022
    Annual accounts 2022-119,8 M €↑
  8. 2021
    Annual accounts 2021-151,9 M €↑
  9. 2020
    Annual accounts 2020-190,5 M €↓
  10. 2019
    Annual accounts 2019-74,6 M €↓
  11. 2018
    Annual accounts 20181,3 M €↓
  12. 2017
    Annual accounts 201710,1 M €↓
  13. 2014
    Annual accounts 201411,9 M €↑
  14. 2013
    Annual accounts 20133,4 M €↑
  15. 2012
    Annual accounts 2012-15,5 M €↓
  16. 2011
    Annual accounts 20117,5 M €↑
  17. 2010
    Annual accounts 20103 M €↓
  18. 2009
    Annual accounts 20095,8 M €↑
  19. 2008
    Annual accounts 2008-1,3 M €
  20. 20/11/2003
    IncorporationPublic limited company