TUI AG
TUI AG (Germany) and the 8 companies it controls according to the LEI register and the annual accounts: the structure, the figures, each company's health and where the risk sits.
Sum of the filed annual accounts of 7 of the 8 Belgian companies (financial years 2025). Not a consolidation: receivables, participations and sales between group companies are not eliminated, so they count.
Group risk
How healthy the group's Belgian companies are, and where the risk sits. A weak subsidiary can cost the parent money, and the other way round.
- 2 companies with negative equity: TUI AIRLINES BELGIUM (-€340.8m), PATS (-€703,137).
- 1 company with overdue accounts: TUIFLY ACADEMY BRUSSELS.
- 4 companies with a loss in the latest year: TUI AIRLINES BELGIUM (-€81.4m), TUI Belgium (-€8.8m), TUI Belgium Retail (-€3.6m), PATS (-€1.6m).
- 54.8% of the added-up total assets sits in one company: TUI Belgium.
- None of the added-up total assets sits at a company with an elevated or high risk.
Group structure
Who consolidates whom according to the LEI register, completed with who holds more than half of the shares according to the annual accounts. Both mean control.
- TUI AG3 subsidiaries
- Fair · 48€482.4m -€340.8m 2025
- TUI Belgium5 subsidiariesHealthy · 78€723.0m €140.1m 2025
- No verdict€669,212 -€703,137 2025
- Healthy · 85€14.8m €6.9m 2025
- Healthy · 88€16.3m €11.4m 2025
- Healthy · 83€50.5m €26.3m 2025
- No verdict€4.6m €657,934 2024
- Healthy · 93€31.5m €22.1m 2025
High risk Elevated Healthy Fair No verdict Amounts: total assets and equity from the latest accounts.
Events in the group
Bankruptcies, director changes, capital changes and other publications of all Belgian group companies, over the last two years.
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Maximiliaan Vanheukelen appointed as director
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Maximiliaan Vanheukelen appointed as director
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2 directors appointed, 1 director resigning
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Maximiliaan Vanheukelen appointed as director
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1 director appointed, 1 director resigning
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Luke Damien Bailey resigns as director
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Luke Damien Bailey resigns as director
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Luke Damien Bailey resigns as director
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Luke Damien Bailey resigns as director
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Where do these figures come from?
Completed with the annual accounts: a company of which another Belgian company holds more than half of the shares, by the list of holdings or the shareholder structure in its accounts, stands under that company, with the share. The register of ultimate beneficial owners (UBO) is not public.
The group's make-up comes from the LEI register (GLEIF): which company consolidates which other, directly or ultimately. A company whose link the register does not state is not listed here, even if it does belong to the group.
The amounts are those of the annual accounts each Belgian company filed with the National Bank, added up without consolidation. The verdict per company is that of its dossier on Checked.be. Everything is updated every night.
Updated on 24-10-2026