TUI Belgium
ActiveSummary
TUI Belgium has been active since 1971 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €140.1m and a net result of -€8.8m. Equity has been shrinking by about 7.6% per year since 2019. Its solvency ranks better than 29% of 173 sector peers (NACE 79, financial year 2025). The computed 12-month bankruptcy probability is 0.5% (very low).
Overview
Official details
Source: KBO- Status
- Active since 19-07-1971 Normal situation
- Registered office
- 18 active companies are registered at this address Source: KBO register, as of 1 November 2026.
- Activity
- Travel agency, tour operator and other reservation service and related activities NACE 79120and 1 other
- Joint committee
- 200 Aanvullend Paritair Comité voor de bedienden · annual accounts 30-09-2024
- Establishment units
- 2.006.390.956 8400 Oostende, since 01-07-1971
- 2.231.463.323 1930 Zaventem, since 01-11-2013
- Financial year end
- 30 September
- Peppol
- Reachable since 24-12-2025
Board and ownership
Board
- Ivan SmeetsDirector · since 18-11-2024
- Johannes Gijsbertus Kers (Arjan) KersDirector · since 18-11-2024
- Maximiliaan VanheukelenDirector
- Auditor
- DELOITTE Bedrijfsrevisoren BV
Shareholders
- TUI AGconsolidatedLEI register
- Holdings
- Shares in 12 companies including PATS and TEC4JETS
Financial position
- Bankruptcy probabilitywithin 12 months
- 0.5%
Annual accounts to 30-09-2025
- Turnover
- €831.1m
- ▼ 2.7%
- Loss
- €8.8m
- ▼ 94.4%
- Equity
- €140.1m
- ▼ 5.9%
- Total assets
- €723.0m
- ▲ 8.0%
- Employees on 30-09-2025
- 434
- ▼ 5.2%
Filed on 09-01-2026, 111 days before the deadline
Score breakdownraises riskLiquidity: current ratio 0.60, cash €3.6mEquity €140.1m (19.4% of total assets)Loss of €8.8m, the second in a row (financial year 2025)lowers riskFounded in 1971Show the evidence
Checked score
Score 2025
78
/ 100
Excellent
Probability in this band: under 0.55%
Financially stronger than 21% of all companies
Financial strength · tick: 2024
Weak
Solvency
44-3
equity 19.4% of total assets
Liquidity
8-2
short-term debt 78.1% · cash 0.5%
Profitability
18-11
return on assets -1.2%
Bankruptcy probability within 12 months
0.5%
Very low
0%0.5%1.5%4%10%≥ 25%
About 5 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 1.0%
01-2025: 1.0%● unchanged vs 12-2024
02-2025: 2.0%▲ +1.0 percentage point vs 01-2025highest value
03-2025: 2.0%● unchanged vs 02-2025highest value
04-2025: 2.0%● unchanged vs 03-2025highest value
05-2025: 2.0%● unchanged vs 04-2025highest value
06-2025: 2.0%● unchanged vs 05-2025highest value
07-2025: 2.0%● unchanged vs 06-2025highest value
08-2025: 2.0%● unchanged vs 07-2025highest value
09-2025: 2.0%● unchanged vs 08-2025highest value
10-2025: 2.0%● unchanged vs 09-2025highest value
11-2025: 1.9%▼ -0.1 percentage points vs 10-2025
12-2025: 2.0%▲ +0.1 percentage points vs 11-2025
01-2026: 1.9%▼ -0.1 percentage points vs 12-2025
02-2026: 0.5%▼ -1.4 percentage points vs 01-2026
03-2026: 0.5%● unchanged vs 02-2026
04-2026: 0.5%● unchanged vs 03-2026
05-2026: 0.5%● unchanged vs 04-2026
06-2026: 0.5%● unchanged vs 05-2026
07-2026: 0.5%● unchanged vs 06-2026
08-2026: 0.5%● unchanged vs 07-2026
09-2026: 0.5%● unchanged vs 08-2026
10-2026: 0.5%● unchanged vs 09-2026lowest value
11-2026: 0.5%● unchanged vs 10-2026lowest value
Credit of up to €10,900,000 on 30-day terms is acceptable
Liquidity is insufficient, with a current ratio of 0.6 (0.56 in 2024), below 1. Short-term debt is 78.1% and cash 0.5% of total assets. 80.6% of the assets are financed with debt and provisions.
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (all companies). It does better than 31% of them on solvency, 7% on liquidity, 15% on profitability and 32% on growth.
The bankruptcy probability was computed on 01-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Credit check for an amount and term of your choice
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Six signals.
lowers riskraises riskneutral
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
19202122232425
2019 to 2025 · latest year -€8.8m
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 09-01-2026, 111 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
111 days early
2024
111 days early
2023
99 days early
2022
247 days late
2021
68 days early
2020
31 days early
2019
27 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 29 days before the deadline. In the sector (NACE 79), the median for financial year 2024 was 7 days before the deadline, and 35% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The financial year that closed on 30-09-2026 is due by 30-04-2027. Nothing is late today. The company usually files around 22 January (4 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
30-09-2026 year end01-11-2026 today30-04-2027 deadline
Key points
- Risk: 3 loss-making years in a rowloss in financial year 2025 -€8.8m View
- Positive: Result rose in 2025from -€158.9m to -€8.8m ▲ 94.4% View
- Caution: Lower net result than 95% of companies in travel agenciessector median €47,412 · 173 companies -€8.8m View
- Board changedlatest change 31-07-2026 · 3 in office 1 joined · 1 left View
Recent changes
- · Gazette deed Appointment: Maximiliaan Vanheukelen (director)
- · Gazette deed Resignation: Luke Damien Bailey (director)
- · Gazette deed Resignation: Günther Hofman (director)Appointment: Luke Damien Bailey (director)
Companies linked to TUI Belgium
Key facts about TUI Belgium
- What is the company number of TUI Belgium?
- The company number of TUI Belgium is 0408.479.965. The VAT number is the same number with BE in front: BE 0408.479.965.
- Where is TUI Belgium based?
- The registered office is at Gistelsesteenweg 1, 8400 Oostende.Company details
- What does TUI Belgium do?
- According to the KBO register, the main activity is travel agency, tour operator and other reservation service and related activities (NACE 79120).
- What is the legal form of TUI Belgium?
- The legal form of TUI Belgium is Public limited company (NV).
- When was TUI Belgium founded?
- TUI Belgium was founded on 19-07-1971.
- Is TUI Belgium still active?
- Yes, TUI Belgium is an active enterprise in the KBO register.
- How many employees does TUI Belgium have?
- TUI Belgium had an average of 422.1 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- Which joint committee does TUI Belgium fall under?
- In its 30-09-2024 annual accounts, TUI Belgium states joint committee 200 (Aanvullend Paritair Comité voor de bedienden).
- What is the turnover of TUI Belgium?
- The turnover of TUI Belgium was €831.1m in financial year 2025, according to the filed annual accounts.
- Is TUI Belgium profitable?
- In financial year 2025, TUI Belgium made a loss of €8.8m.
- Where can I find the annual accounts of TUI Belgium?
- TUI Belgium filed 52 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of TUI Belgium due?
- TUI Belgium must file the annual accounts for financial year 2026 by 30-04-2027.Timeline
Next steps
Work out how much credit to give this customer and on what payment terms.Credit check Check what to know before you do business with this company.Supplier due diligence See whether the workforce is growing and whether people stay.Employer check Check whether you can accept this company as a client under the anti-money-laundering law.AML client file Check which of your other customers you can e-invoice via Peppol.Peppol check See which support similar companies received that this one did not.Subsidies
See how customers, suppliers and banks see your own company and what to improve first.