ACTIVE

Larue Invest

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Financial year 2025 · closed on 31/12/2025

Net result

49 k €

-1.3% YoY

Gross margin

113,3 k €

-6.4% YoY

Equity

616,8 k €

+8.6% YoY

What does Larue Invest do?

Larue Invest is a Private limited company incorporated in 2007. Its main activity is: Passenger air transport. Its registered office is in Brugge.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0887.580.682

Incorporation

28/02/2007

Legal form

Private limited company

Registered office

Noordhinderstraat 9 box .0301
8380 Brugge · FlandreSee on map

Contributed capital

18 550,00 €

Latest accounts

31/12/2025

Activities (NACE)

51130Passenger air transport· main 70100Activities of head offices 70100Activities of head offices 46130Agents involved in the sale of timber and building materials 46130Agents involved in the sale of timber and building materials 68100Buying and selling of own real estate+6

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA

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Health score

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✦ Verdict · Analyst summary

Financials

Trend over 18 financial years

	2025		2024		2023		2022		2021		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007
Income statement
Gross margin	113,3 k €	-6.4%	121,1 k €	-0.4%	121,6 k €	-1.3%	123,2 k €	-2.7%	126,7 k €	+7.6%	117,7 k €	-10.5%	131,6 k €	+3.4%	127,3 k €	-16.6%	152,7 k €	+16.6%	131 k €	+53.3%	85,4 k €	+93.5%	44,1 k €	-26.1%	59,8 k €	-33.0%	89,2 k €	+73.1%	51,6 k €	-1.8%	52,5 k €	-9.8%	58,2 k €	+266%	15,9 k €
EBITDA	109,8 k €	-6.7%	117,6 k €	-0.5%	118,2 k €	-0.7%	119,1 k €	-3.7%	123,6 k €	+7.6%	114,9 k €	-6.1%	122,4 k €	+0.1%	122,3 k €	-17.5%	148,3 k €	+20.6%	123 k €	+52.5%	80,7 k €	+93.8%	41,7 k €	-28.6%	58,3 k €	-32.0%	85,8 k €	+70.0%	50,4 k €	-2.2%	51,6 k €	-10.2%	57,5 k €	+319%	13,7 k €
Operating result	89 k €	-9.3%	98,1 k €	-0.9%	98,9 k €	-1.0%	99,9 k €	+0.9%	99,1 k €	+5.7%	93,7 k €	-12.6%	107,3 k €	+169%	39,9 k €	-63.6%	109,8 k €	-1.8%	111,7 k €	+51.5%	73,7 k €	+108%	35,4 k €	-35.5%	54,9 k €	-33.6%	82,7 k €	+97.7%	41,8 k €	-2.8%	43 k €	-13.5%	49,7 k €	+566%	7,5 k €
Net result	49 k €	-1.3%	49,6 k €	-9.2%	54,7 k €	-11.6%	61,8 k €	-0.6%	62,2 k €	+10.3%	56,4 k €	-6.2%	60,2 k €	+118%	27,6 k €	-56.9%	63,9 k €	+0.2%	63,8 k €	+41.6%	45 k €	+42.3%	31,6 k €	-8.6%	34,6 k €	-29.6%	49,2 k €	+70.3%	28,9 k €	+5.9%	27,3 k €	-1.8%	27,8 k €	+581%	4,1 k €
Balance sheet
Equity	616,8 k €	+8.6%	567,8 k €	+9.6%	518,2 k €	+11.4%	465,2 k €	-0.8%	468,9 k €	-8.8%	514,3 k €	+12.0%	459,3 k €	+15.1%	399,2 k €	+7.1%	372,9 k €	+20.7%	308,9 k €	+26.0%	245,1 k €	+22.5%	200,1 k €	+6.2%	188,4 k €	+22.5%	153,8 k €	+47.1%	104,6 k €	+38.2%	75,7 k €	+56.4%	48,4 k €	+135%	20,6 k €
Total assets	1 M €	+1.3%	988,2 k €	-6.9%	1,1 M €	+3.3%	1 M €	-6.5%	1,1 M €	+5.9%	1 M €	+1.5%	1 M €	-5.3%	1,1 M €	+32.7%	814,1 k €	+49.0%	546,2 k €	+15.1%	474,5 k €	+64.3%	288,8 k €	+2.6%	281,6 k €	+9.2%	257,9 k €	+82.5%	141,4 k €	+20.7%	117,1 k €	-26.1%	158,4 k €	+61.6%	98 k €
Cash	349,5 k €	+15.4%	303 k €	+357%	66,2 k €	-83.0%	389 k €	+17.1%	332,1 k €	+28.3%	258,9 k €	-7.0%	278,3 k €	-10.6%	311,4 k €	-28.5%	435,3 k €	-1.6%	442,4 k €	+28.5%	344,2 k €	+112%	162,1 k €	+1.9%	159 k €	+8.6%	146,4 k €	+89.4%	77,3 k €	+48.9%	51,9 k €	-53.2%	111 k €	+102%	54,9 k €
Debts	373,5 k €	-3.9%	388,6 k €	-26.7%	530,2 k €	-4.3%	554,3 k €	-11.2%	624 k €	+22.3%	510 k €	-6.0%	542,8 k €	-19.1%	671,2 k €	+55.8%	430,8 k €	+88.5%	228,6 k €	+1.5%	225,2 k €	+165%	85 k €	-8.4%	92,8 k €	-9.2%	102,3 k €	+178%	36,8 k €	-11.2%	41,4 k €	-62.3%	110 k €	+42.1%	77,4 k €
Other
Workforce	–		–		–		–		–		–		–		–		0,2 ETP	0.0%	0,2 ETP		–		–		–		–		–		–		–		–

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 31/12/2025 · 2 active · 2 ended

Active mandates

Frann Larue

Director · since 21 août 2020

Active

Frank Larue

Director · since 22 février 2007

Active

Ended mandates

Frank Larue

Manager · since 22 février 2007

Ended

Frank Larue

Manager

Ended

At this address

Other companies at this address

Company	CBE no.
TGDV● Active	0439.773.551

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	02/07/2026	25/07/2025	30/08/2024	31/08/2023	08/08/2022	30/08/2021
General meeting	30/06/2026	25/06/2025	30/08/2024	25/08/2023	30/05/2022	31/05/2021
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

19 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Micro model	31/12/2025	30/06/2026	02/07/2026	Dutch	PDF
Micro model	31/12/2024	25/06/2025	25/07/2025	Dutch	PDF
Micro model	31/12/2023	30/08/2024	30/08/2024	Dutch	PDF
Micro model	31/12/2022	25/08/2023	31/08/2023	Dutch	PDF
Micro model	31/12/2021	30/05/2022	08/08/2022	Dutch	PDF
Abridged model	31/12/2020	31/05/2021	30/08/2021	Dutch	PDF
Abridged model	31/12/2019	25/05/2020	24/07/2020	Dutch	PDF
Abridged model	31/12/2018	27/05/2019	30/08/2019	Dutch	PDF
Abridged model	31/12/2017	28/05/2018	31/08/2018	Dutch	PDF
Abridged model	31/12/2016	29/05/2017	30/08/2017	Dutch	PDF
Abridged model	31/12/2015	30/05/2016	30/08/2016	Dutch	PDF
Abridged model	31/12/2014	26/05/2015	25/08/2015	Dutch	PDF
Abridged model	31/12/2013	26/05/2014	27/08/2014	Dutch	PDF
Abridged model	31/12/2012	27/05/2013	31/07/2013	Dutch	PDF
Abridged model	31/12/2011	29/05/2012	30/08/2012	Dutch	PDF
Abridged model	31/12/2010	30/05/2011	24/07/2011	Dutch	PDF
Abridged model	31/12/2009	31/05/2010	31/05/2010	Dutch	PDF
Abridged model	31/12/2008	25/05/2009	25/05/2009	Dutch	PDF
Abridged model	31/12/2007	26/05/2008	28/05/2008	Dutch	PDF

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 31/12/2025 · 2 active · 2 ended

Active mandates

Frann Larue

Director · since 21 août 2020

Active

Frank Larue

Director · since 22 février 2007

Active

Ended mandates

Frank Larue

Manager · since 22 février 2007

Ended

Frank Larue

Manager

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates29/08/2022
WIJZIGING RECHTSVORM - ONTSLAGEN - BENOEMINGEN - ALGEMENE VERGADERING
PDF
Mandates09/09/2020
ONTSLAGEN - BENOEMINGEN - WIJZIGING RECHTSVORM
PDF
Registered office11/12/2019
MAATSCHAPPELIJKE ZETEL
PDF
Registered office10/10/2017
BENAMING - MAATSCHAPPELIJKE ZETEL - DOEL - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Other08/03/2007
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

2025
Annual accounts 202549 k €↓
2024
Annual accounts 202449,6 k €↓
2023
Annual accounts 202354,7 k €↓
2022
Annual accounts 202261,8 k €↓
2021
Annual accounts 202162,2 k €↑
2019
Annual accounts 201956,4 k €↓
2018
Annual accounts 201860,2 k €↑
2017
Annual accounts 201727,6 k €↓
2017
Name changeLarue Invest
2016
Annual accounts 201663,9 k €↑
2015
Annual accounts 201563,8 k €↑
2014
Annual accounts 201445 k €↑
2013
Annual accounts 201331,6 k €↓
2012
Annual accounts 201234,6 k €↓
2011
Annual accounts 201149,2 k €↑
2010
Annual accounts 201028,9 k €↑
2009
Annual accounts 200927,3 k €↓
2008
Annual accounts 200827,8 k €↑
2007
Annual accounts 20074,1 k €
28/02/2007
IncorporationPrivate limited company
2007
Name changeMULTIFIL

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

Larue Invest

Overview

What does Larue Invest do?

Trend over 18 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