ACTIVE

ALULAK

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Financial year 2025 · closed on 31/12/2025

Net result

1,7 k €

-93.0% YoY

Gross margin

31,5 k €

-43.9% YoY

Equity

110,8 k €

+1.6% YoY

What does ALULAK do?

ALULAK is a Private limited company incorporated in 2005. Its main activity is: Passenger air transport. Its registered office is in Sint-Gillis-Waas.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0877.493.078

Incorporation

25/11/2005

Legal form

Private limited company

Registered office

Lange Meersstraat(MD) 28
9170 Sint-Gillis-Waas · FlandreSee on map

Contributed capital

6 200,00 €

Latest accounts

31/12/2025

Activities (NACE)

51190Passenger air transport· main 85510Sports and recreation education 85510Sports and recreation education 46190Agents involved in the sale of a variety of goods 46190Agents involved in the sale of a variety of goods 47781Other retail sale of new goods in specialised stores+3

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA

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Health score

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✦ Verdict · Analyst summary

Financials

Trend over 17 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	31,5 k €	-43.9%	56,2 k €	+122%	25,3 k €	+11.6%	22,6 k €	-38.6%	36,9 k €	+604%	5,2 k €	-66.7%	15,7 k €	-14.9%	18,5 k €	-9.6%	20,5 k €	-22.6%	26,4 k €	+18.7%	22,3 k €	+187%	7,8 k €	+239%	2,3 k €	-25.9%	3,1 k €	-36.3%	4,8 k €	+412%	946,7 €	-51.1%	1,9 k €
EBITDA	23,9 k €	-55.3%	53,5 k €	+125%	23,8 k €	+18.0%	20,2 k €	-42.9%	35,4 k €	+1265%	2,6 k €	-82.6%	14,9 k €	-14.9%	17,5 k €	+5.2%	16,6 k €	-35.3%	25,7 k €	+18.1%	21,8 k €	+238%	6,4 k €	+357%	1,4 k €	-34.8%	2,2 k €	-52.1%	4,5 k €	+835%	482,8 €	-73.0%	1,8 k €
Operating result	4,7 k €	-86.7%	35,5 k €	+87.9%	18,9 k €	+75.7%	10,8 k €	-57.3%	25,2 k €	+416%	-8 k €	-166%	12 k €	-28.0%	16,7 k €	+5.5%	15,8 k €	-26.0%	21,4 k €	+22.5%	17,5 k €	+190%	6 k €	+519%	972,2 €	-37.5%	1,6 k €	-59.8%	3,9 k €	+5050%	-78,2 €	-106%	1,3 k €
Net result	1,7 k €	-93.0%	24,5 k €	+111%	11,6 k €	+82.6%	6,4 k €	-63.8%	17,6 k €	+237%	-12,8 k €	-303%	6,3 k €	-44.2%	11,3 k €	+275%	3 k €	-44.8%	5,4 k €	-57.0%	12,7 k €	+2776%	439,9 €	+243%	128,1 €	+67.5%	76,5 €	-91.4%	892,1 €	+1533%	54,6 €	-65.1%	156,7 €
Balance sheet
Equity	110,8 k €	+1.6%	109 k €	+28.9%	84,6 k €	+15.9%	73 k €	+9.5%	66,6 k €	+35.8%	49,1 k €	-20.7%	61,9 k €	+11.3%	55,6 k €	+25.4%	44,3 k €	+7.3%	41,3 k €	+15.2%	35,9 k €	+351%	7,9 k €	+5.9%	7,5 k €	+1.7%	7,4 k €	+1.0%	7,3 k €	+13.9%	6,4 k €	+0.9%	6,4 k €
Total assets	181,6 k €	-10.8%	203,7 k €	+88.6%	108 k €	+3.2%	104,7 k €	-1.7%	106,4 k €	-24.5%	141 k €	+9.9%	128,3 k €	+6.5%	120,5 k €	+67.7%	71,8 k €	+18.6%	60,6 k €	+3.8%	58,3 k €	+149%	23,4 k €	+41.6%	16,5 k €	-31.0%	23,9 k €	+48.0%	16,2 k €	+45.1%	11,2 k €	-33.0%	16,6 k €
Cash	–		–		0 €	-100%	24,5 k €	-0.8%	24,7 k €		–		866,5 €		–		8,4 k €	+615%	1,2 k €		–		2,5 k €		–		–		–		–		5,7 k €
Debts	70,9 k €	-25.1%	94,6 k €	+304%	23,4 k €	-26.1%	31,7 k €	-20.4%	39,8 k €	-17.5%	48,3 k €	-1.4%	49 k €	+274%	13,1 k €	-35.0%	20,2 k €	+22.4%	16,5 k €	+3.4%	15,9 k €	+3.1%	15,4 k €	+78.2%	8,7 k €	-47.3%	16,5 k €	+85.4%	8,9 k €	+87.3%	4,7 k €	-53.9%	10,3 k €

Estimate

Indicative valuation

As an indication, this company is worth

between 100 k€ and 250 k€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 3 ended

Active mandates

Gunther De Bin

Director

Active

Ended mandates

GUNTHER DE BIN

Manager · since 16 novembre 2005

Ended

Gunther De Bin

Administrator - manager

Ended

Gunther De Bin

Manager

Ended

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Micro model	Micro model	Micro model	Micro model	Micro 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	17/08/2026	22/09/2025	29/08/2024	08/02/2024	08/02/2024	31/08/2021
General meeting	25/06/2026	26/06/2025	27/06/2024	29/06/2023	30/06/2022	24/06/2021
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

17 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Micro model	31/12/2025	25/06/2026	17/08/2026	Dutch	PDF
Micro model	31/12/2024	26/06/2025	22/09/2025	Dutch	PDF
Micro model	31/12/2023	27/06/2024	29/08/2024	Dutch	PDF
Micro model	31/12/2022	29/06/2023	08/02/2024	Dutch	PDF
Micro model	31/12/2021	30/06/2022	08/02/2024	Dutch	PDF
Abridged model	31/12/2020	24/06/2021	31/08/2021	Dutch	PDF
Abridged model	31/12/2019	25/06/2020	30/11/2020	Dutch	PDF
Abridged model	31/12/2018	27/06/2019	30/09/2019	Dutch	PDF
Abridged model	31/12/2017	31/05/2018	30/08/2018	Dutch	PDF
Abridged model	31/12/2016	26/05/2017	30/08/2017	Dutch	PDF
Abridged model	31/12/2015	26/05/2016	22/11/2016	Dutch	PDF
Abridged model	31/12/2011	28/06/2012	06/08/2012	Dutch	PDF
Abridged model	31/12/2010	03/11/2011	22/12/2011	Dutch	PDF
Abridged model	31/12/2009	02/09/2010	21/09/2010	Dutch	PDF
Abridged model	31/12/2008	01/10/2009	19/10/2009	Dutch	PDF
Abridged model	31/12/2007	26/06/2008	30/06/2008	Dutch	PDF
Abridged model	31/12/2006	28/06/2007	26/07/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 100 k€ and 250 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 · 3 ended

Active mandates

Gunther De Bin

Director

Active

Ended mandates

GUNTHER DE BIN

Manager · since 16 novembre 2005

Ended

Gunther De Bin

Administrator - manager

Ended

Gunther De Bin

Manager

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates12/12/2023
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM - DOEL - ONTSLAGEN - BENOEMINGEN
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 20251,7 k €↓
2024
Annual accounts 202424,5 k €↑
2023
Annual accounts 202311,6 k €↑
2022
Annual accounts 20226,4 k €↓
2021
Annual accounts 202117,6 k €↑
2020
Annual accounts 2020-12,8 k €↓
2019
Annual accounts 20196,3 k €↓
2018
Annual accounts 201811,3 k €↑
2017
Annual accounts 20173 k €↓
2016
Annual accounts 20165,4 k €↓
2015
Annual accounts 201512,7 k €↑
2011
Annual accounts 2011439,9 €↑
2010
Annual accounts 2010128,1 €↑
2009
Annual accounts 200976,5 €↓
2008
Annual accounts 2008892,1 €↑
2007
Annual accounts 200754,6 €↓
2006
Annual accounts 2006156,7 €
25/11/2005
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

ALULAK

Overview

What does ALULAK do?

Trend over 17 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