What does TUI Belgium do?

TUI Belgium is a tour operator in Oostende. Public Limited, started on 19 July 1971, 2 establishments.

What is the address of TUI Belgium?

The registered office of TUI Belgium is located at Gistelsesteenweg 1, 8400 Oostende.

Is TUI Belgium still active?

Yes. According to the CBE (29 October 2026) TUI Belgium is active, legal situation “Normale toestand”, started on 19 July 1971.

Is TUI Belgium registered on Peppol?

Yes, TUI Belgium is registered on the Peppol network with ID 0208:0408479965.

What is the enterprise number of TUI Belgium?

The enterprise number of TUI Belgium is BE0408479965.

When was TUI Belgium founded?

TUI Belgium was founded on 19 July 1971.

Who are the directors of TUI Belgium?

According to the 2025 annual accounts, the directors of TUI Belgium are: LUKE BAILEY, ARJAN KERS, WIVABE SERVICES BV, IVAN SMEETS.

Is TUI Belgium a reliable company?

Databakkes does not pass judgement; this is what the sources say: Active according to the CBE since 19 July 1971; 4 annual accounts filed, latest fiscal year 2025; 4 directors known from the annual account; 2 establishments in the CBE.

How much profit did TUI Belgium make in 2025?

TUI Belgium recorded a loss after taxes of € 8,843,589 in financial year 2025.

What is the revenue of TUI Belgium?

In its most recent annual accounts (2025), TUI Belgium reported revenue of € 831,087,646.

How much does an employee at TUI Belgium earn?

The average wage cost per full-time employee at TUI Belgium was € 86,800 in 2025: staff costs of € 36.6 million for 422.1 FTE, according to the annual account at the National Bank. That is the employer's cost, not net pay.

How many employees does TUI Belgium have?

According to the 2025 annual accounts, TUI Belgium has 422.1 full-time equivalents (FTE).

TUI Belgium (Public Limited) - Oostende - BE0408479965

Dossier TUI Belgium, printed on 29 October 2026 from databakkes.be/en/0408479965/tui-belgium. Sources: CBE, National Bank of Belgium, Belgian Official Gazette.

Warning lights

Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.

Two loss years in a row NBB

Negative result in 2024 and 2025.
Tight liquidity NBB

Cash and receivables cover 30 % of short-term debt in 2025; threshold 65 %.
Figures corrected NBB

Corrected annual account filed for 2022.

Financials

Financial year 2025

TUI Belgium from Oostende, company number BE0408479965, closed financial year 2025 with a result of € -8.8 million after tax. For that financial year TUI Belgium recorded revenue of € 831.1 million and equity of € 140.1 million. Compared with financial year 2024, the result moved from € -158.9 million to € -8.8 million. The company made a loss. The company holds a healthy buffer. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on January 9, 2026.

What it is worth Healthy

€ 140.1 million

▼ 6% vs 2024

Assets minus debts, by the books. What is left if everything were sold and paid today.

Loss Caution

€ -8.8 million

▲ 94 % less loss than in 2024

Profit after tax over the fiscal year.

Cash in the bank

€ 3.6 million

▲ 60% vs 2024

Cash and bank balances on the last day of the fiscal year.

Where the profit goes Caution

Loss, nothing to pay out

Reserves fell to € -99.7 million.

People and assets in 2025

Full-time equivalents

422.1

▼ 17.6 vs 2024

Average over the fiscal year, from the social balance sheet.

Wage cost Staff costs are payroll only. Director pay sits with services and miscellaneous goods: € 67.1 million in 2025, together with rent, insurance, accountants and other services. The accounts do not split that further.

€ 36.6 million

▼ 1% vs 2024

€ 86,800 per full-time equivalent. Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.

Vehicles and equipment

€ 654,561

▼ 24% vs 2024

Of which on lease € 652,126.

Debts at end 2025

Bank debt ≈ 3 years to go The accounts give the long-term loan and the part due within the year. The remainder divided by that part is the number of years at an equal pace; a new loan or early repayment changes it.

€ 652,122

▼ 24% vs 2024

€ 200,651 is repaid this year. At this pace the long-term loan is gone in ≈ 3 years.

Owed to suppliers

€ 212.2 million

▲ 13% vs 2024

Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 95 days on average.

Taxes and wages

€ 19.4 million

▲ 41% vs 2024

Taxes, VAT and social contributions still to pay.

Key figures per fiscal year Download key figures (CSV)
	2022	2023	2024	2025	Change 2024 → 2025
Revenue	€ 686,821,213 Revenue 2022: € 686,821,213 First fiscal year in the series	€ 791,866,627 Revenue 2023: € 791,866,627 ▲ 15% vs 2022 (€ 686,821,213) Favourable step	€ 854,436,674 Revenue 2024: € 854,436,674 ▲ 8% vs 2023 (€ 791,866,627) Favourable step	€ 831,087,646 Revenue 2025: € 831,087,646 ▼ 3% vs 2024 (€ 854,436,674) Unfavourable step	▼ 3%
Profit after taxes	€ 10,516,598 Profit after taxes 2022: € 10,516,598 First fiscal year in the series	€ -102,292,329 Profit after taxes 2023: € -102,292,329 ▼ € 112.8 million vs 2022 (€ 10,516,598) Unfavourable step	€ -158,936,963 Profit after taxes 2024: € -158,936,963 ▼ € 56.6 million vs 2023 (€ -102,292,329) Unfavourable step	€ -8,843,589 Profit after taxes 2025: € -8,843,589 ▲ € 150.1 million vs 2024 (€ -158,936,963) Favourable step	▲ € 150.1 million
Equity	€ 195,212,938 Equity 2022: € 195,212,938 First fiscal year in the series	€ 307,920,609 Equity 2023: € 307,920,609 ▲ 58% vs 2022 (€ 195,212,938) Favourable step	€ 148,969,128 Equity 2024: € 148,969,128 ▼ 52% vs 2023 (€ 307,920,609) Unfavourable step	€ 140,125,539 Equity 2025: € 140,125,539 ▼ 6% vs 2024 (€ 148,969,128) Unfavourable step	▼ 6%
Total debts	€ 587,667,328 Total debts 2022: € 587,667,328 First fiscal year in the series	€ 579,204,551 Total debts 2023: € 579,204,551 ▼ 1% vs 2022 (€ 587,667,328) Favourable step	€ 520,280,197 Total debts 2024: € 520,280,197 ▼ 10% vs 2023 (€ 579,204,551) Favourable step	€ 582,797,956 Total debts 2025: € 582,797,956 ▲ 12% vs 2024 (€ 520,280,197) Unfavourable step	▲ 12%
Cash	€ 4,289,721 Cash 2022: € 4,289,721 First fiscal year in the series	€ 4,372,891 Cash 2023: € 4,372,891 ▲ 2% vs 2022 (€ 4,289,721) Favourable step	€ 2,259,446 Cash 2024: € 2,259,446 ▼ 48% vs 2023 (€ 4,372,891) Unfavourable step	€ 3,625,045 Cash 2025: € 3,625,045 ▲ 60% vs 2024 (€ 2,259,446) Favourable step	▲ 60%
Land & buildings	€ 40,378 Land & buildings 2022: € 40,378 First fiscal year in the series	€ 28,197 Land & buildings 2023: € 28,197 ▼ 30% vs 2022 (€ 40,378) Unchanged	€ 17,106 Land & buildings 2024: € 17,106 ▼ 39% vs 2023 (€ 28,197) Unchanged	€ 7,512 Land & buildings 2025: € 7,512 ▼ 56% vs 2024 (€ 17,106) Unchanged	▼ 56%
Retained profit	€ 170,382,938 Retained profit 2022: € 170,382,938 First fiscal year in the series	€ 68,090,609 Retained profit 2023: € 68,090,609 ▼ 60% vs 2022 (€ 170,382,938) Unfavourable step	€ -90,860,872 Retained profit 2024: € -90,860,872 ▼ € 159 million vs 2023 (€ 68,090,609) Unfavourable step	€ -99,704,461 Retained profit 2025: € -99,704,461 ▼ € 8.8 million vs 2024 (€ -90,860,872) Unfavourable step	▼ € 8.8 million
Bank debt	€ 49,834,421 Bank debt 2022: € 49,834,421 First fiscal year in the series	€ 1,053,433 Bank debt 2023: € 1,053,433 ▼ 98% vs 2022 (€ 49,834,421) Favourable step	€ 852,778 Bank debt 2024: € 852,778 ▼ 19% vs 2023 (€ 1,053,433) Favourable step	€ 652,122 Bank debt 2025: € 652,122 ▼ 24% vs 2024 (€ 852,778) Favourable step	▼ 24%
Balance sheet total	€ 782,986,130 Balance sheet total 2022: € 782,986,130 First fiscal year in the series	€ 887,234,554 Balance sheet total 2023: € 887,234,554 ▲ 13% vs 2022 (€ 782,986,130) Unchanged	€ 669,335,835 Balance sheet total 2024: € 669,335,835 ▼ 25% vs 2023 (€ 887,234,554) Unchanged	€ 723,010,005 Balance sheet total 2025: € 723,010,005 ▲ 8% vs 2024 (€ 669,335,835) Unchanged	▲ 8%
Employees (FTE)	412.5 Employees (FTE) 2022: 412.5 First fiscal year in the series	441 Employees (FTE) 2023: 441 ▲ 28.5 vs 2022 (412.5) Unchanged	439.7 Employees (FTE) 2024: 439.7 ▼ 1.3 vs 2023 (441) Unchanged	422.1 Employees (FTE) 2025: 422.1 ▼ 17.6 vs 2024 (439.7) Unchanged	▼ 17.6

Key figures of TUI Belgium, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 30 April 2027.

What happened to TUI Belgium?

What happened at TUI Belgium in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:

2031 LUKE BAILEY stepped down as director. NBB
2031 ARJAN KERS stepped down as director. NBB
2031 IVAN SMEETS stepped down as director. NBB
Jan 9, 2026 New annual accounts for financial year 2025: loss of € 8.8 million. Source: NBB ↗
2025 LUKE BAILEY became a director. NBB
2024 WIVABE SERVICES BV stepped down as director. NBB
2024 ARJAN KERS became a director. NBB
2024 IVAN SMEETS became a director. NBB

In short

From € 10.5 million profit in 2022 to € 8.8 million loss in 2025.

Paid € 12.7 million in corporate taxes since 2022.

Best year ever: 2022, with € 10.5 million profit.

Pays suppliers within 95 days on average.

Original PDFs at the National Bank ↗

Management

TUI Belgium

Tui Nederland Holding NV - BO 100%

Tec4Jets NV 100%

Tui Belgium Retail NV 100%

Pats NV 100%

It owns 100% of Tui Nederland Holding NV - BO, 100% of Tec4Jets NV, 100% of Tui Belgium Retail NV, 100% of Pats NV, 100% of Tui France - BO and 100% of TuiFly Academy Brussels itself.

Directors

According to the 2025 annual accounts

LUKE BAILEY

Director

Also active at: TUI Belgium Real Estate, TUI Belgium Retail

since 2025 · until 2031

ARJAN KERS

Director

since 2024 · until 2031

WIVABE SERVICES BV

Director · represented by Wim Van Besien

Also active at: TUI Belgium Real Estate, TUI Belgium Retail, TEC4JETS, PATS, HYDRANT REFUELLING SYSTEM, BELGIAN TRAVEL NETWORK, TUI TECHNOLOGY, TUI AIRLINES BELGIUM

since 2021 · until 2024

IVAN SMEETS

Director

since 2024 · until 2031

Establishments

Establishment units

Physical locations of this company

Registered office

Gistelsesteenweg 1

8400 Oostende

2.231.463.323

Luchthaven Brussel Nationaal 40P box 2

1930 Zaventem

Active since 1 November 2013

Who else lives here?

A building full of entrepreneurs or one very busy letterbox? Another 6 companies are registered at this address.

All companies at this address →

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+1 more

What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.

Details

Company number

0408.479.965

VAT number

BE 0408.479.965

Registered office

Gistelsesteenweg 1, 8400 Oostende

Names & denominations

TUI Belgium

Enterprise type

Rechtspersoon

Legal form

Public limited company

Legal situation

Normale toestand

Start date

19 July 1971

Peppol

Active · Active since 5 Oct 2026

Activities · NACE

Activiteiten van reisorganisatoren

Reisorganisatoren

Activiteiten van reisbureaus

Reisbureaus

View on CBE Public ↗ Annual accounts (NBB) ↗

TUI Belgium

Warning lights

Financials

What happened to TUI Belgium?

Management

Directors

Establishments

Establishment units

Who else lives here?

Details

Frequently asked questions