What does ULM BAISY-THY do?

ULM BAISY-THY is a rental company in Genappe. Private Limited, started on 29 April 2021, 1 establishment.

What is the address of ULM BAISY-THY?

The registered office of ULM BAISY-THY is located at Route de Houtain 5, 1470 Genappe.

Is ULM BAISY-THY still active?

Yes. According to the CBE (29 October 2026) ULM BAISY-THY is active, legal situation “Normale toestand”, started on 29 April 2021.

Is ULM BAISY-THY registered on Peppol?

Yes, ULM BAISY-THY is registered on the Peppol network with ID 0208:0767639192.

What is the enterprise number of ULM BAISY-THY?

The enterprise number of ULM BAISY-THY is BE0767639192.

When was ULM BAISY-THY founded?

ULM BAISY-THY was founded on 29 April 2021.

Who are the directors of ULM BAISY-THY?

According to the 2025 annual accounts, the directors of ULM BAISY-THY are: CHRISTOPH CODDENS, DIDIER CODDENS.

Is ULM BAISY-THY a reliable company?

Databakkes does not pass judgement; this is what the sources say: Active according to the CBE since 29 April 2021; 5 annual accounts filed, latest fiscal year 2025; 2 directors known from the annual account.

How much profit did ULM BAISY-THY make in 2025?

ULM BAISY-THY posted a profit after taxes of € 32,909 in financial year 2025.

What is the revenue of ULM BAISY-THY?

As a small company, ULM BAISY-THY is not required to publish revenue in its annual accounts. In financial year 2025, its added value was € 234,194.

ULM BAISY-THY (Private Limited) - Genappe - BE0767639192

Dossier ULM BAISY-THY, printed on 29 October 2026 from databakkes.be/en/0767639192/ulm-baisy-thy. 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.

Tight liquidity NBB

Cash and receivables cover 17 % of short-term debt in 2025; threshold 65 %.

Financials

Financial year 2025

ULM BAISY-THY from Genappe, company number BE0767639192, closed financial year 2025 with a result of € 32,909 after tax. For that financial year ULM BAISY-THY recorded a gross margin of € 234,194 and equity of € 1.7 million. Compared with financial year 2024, the result moved from € 16,426 to € 32,909. Profitable, and profit is growing. The buffer is growing. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on July 27, 2026.

What it is worth Growing

€ 1.7 million

▲ 17% vs 2024

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

Profit Growing

€ 32,909

▲ 100% vs 2024

Profit after tax over the fiscal year.

Cash in the bank

€ 9,738

▲ € 9,370 vs 2024

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

Where the profit goes Growing

Stays in the company

No dividend for 2025. Retained profit grew to € 327,202.

People and assets in 2025

Vehicles and equipment

€ 481,156

▼ 13% vs 2024

Book value of vehicles, furniture and equipment.

Debts at end 2025

Bank debt ≈ 11 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.

€ 712,252

▼ 18% vs 2024

€ 63,256 is repaid this year. At this pace the long-term loan is gone in ≈ 11 years.

Owed to suppliers

€ 9,856

▲ 283% vs 2024

Supplier invoices still open on the last day of the fiscal year.

Taxes

€ 33,143

▲ € 28,578 vs 2024

Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.

Key figures per fiscal year Download key figures (CSV)
	2022	2023	2024	2025	Change 2024 → 2025
Gross margin	€ 275,770 Gross margin 2022: € 275,770 First fiscal year in the series	€ 211,425 Gross margin 2023: € 211,425 ▼ 23% vs 2022 (€ 275,770) Unfavourable step	€ 204,153 Gross margin 2024: € 204,153 ▼ 3% vs 2023 (€ 211,425) Unfavourable step	€ 234,194 Gross margin 2025: € 234,194 ▲ 15% vs 2024 (€ 204,153) Favourable step	▲ 15%
Profit after taxes	€ 152,373 Profit after taxes 2022: € 152,373 First fiscal year in the series	€ 37,855 Profit after taxes 2023: € 37,855 ▼ 75% vs 2022 (€ 152,373) Unfavourable step	€ 16,426 Profit after taxes 2024: € 16,426 ▼ 57% vs 2023 (€ 37,855) Unfavourable step	€ 32,909 Profit after taxes 2025: € 32,909 ▲ 100% vs 2024 (€ 16,426) Favourable step	▲ 100%
Equity	€ 1,423,313 Equity 2022: € 1,423,313 First fiscal year in the series	€ 1,461,167 Equity 2023: € 1,461,167 ▲ 3% vs 2022 (€ 1,423,313) Favourable step	€ 1,477,593 Equity 2024: € 1,477,593 ▲ 1% vs 2023 (€ 1,461,167) Favourable step	€ 1,730,326 Equity 2025: € 1,730,326 ▲ 17% vs 2024 (€ 1,477,593) Favourable step	▲ 17%
Total debts	€ 1,269,760 Total debts 2022: € 1,269,760 First fiscal year in the series	€ 1,174,390 Total debts 2023: € 1,174,390 ▼ 8% vs 2022 (€ 1,269,760) Favourable step	€ 871,927 Total debts 2024: € 871,927 ▼ 26% vs 2023 (€ 1,174,390) Favourable step	€ 795,775 Total debts 2025: € 795,775 ▼ 9% vs 2024 (€ 871,927) Favourable step	▼ 9%
Cash	€ 102,053 Cash 2022: € 102,053 First fiscal year in the series	€ 49,002 Cash 2023: € 49,002 ▼ 52% vs 2022 (€ 102,053) Unfavourable step	€ 368 Cash 2024: € 368 ▼ 99% vs 2023 (€ 49,002) Unfavourable step	€ 9,738 Cash 2025: € 9,738 ▲ € 9,370 vs 2024 (€ 368) Favourable step	▲ € 9,370
Land & buildings	€ 1,805,209 Land & buildings 2022: € 1,805,209 First fiscal year in the series	€ 1,780,173 Land & buildings 2023: € 1,780,173 ▼ 1% vs 2022 (€ 1,805,209) Unchanged	€ 1,791,540 Land & buildings 2024: € 1,791,540 ▲ 1% vs 2023 (€ 1,780,173) Unchanged	€ 1,995,736 Land & buildings 2025: € 1,995,736 ▲ 11% vs 2024 (€ 1,791,540) Unchanged	▲ 11%
Retained profit	€ 240,013 Retained profit 2022: € 240,013 First fiscal year in the series	€ 277,867 Retained profit 2023: € 277,867 ▲ 16% vs 2022 (€ 240,013) Favourable step	€ 294,293 Retained profit 2024: € 294,293 ▲ 6% vs 2023 (€ 277,867) Favourable step	€ 327,202 Retained profit 2025: € 327,202 ▲ 11% vs 2024 (€ 294,293) Favourable step	▲ 11%
Bank debt	€ 1,106,678 Bank debt 2022: € 1,106,678 First fiscal year in the series	€ 1,059,582 Bank debt 2023: € 1,059,582 ▼ 4% vs 2022 (€ 1,106,678) Favourable step	€ 864,787 Bank debt 2024: € 864,787 ▼ 18% vs 2023 (€ 1,059,582) Favourable step	€ 712,252 Bank debt 2025: € 712,252 ▼ 18% vs 2024 (€ 864,787) Favourable step	▼ 18%
Balance sheet total	€ 2,693,073 Balance sheet total 2022: € 2,693,073 First fiscal year in the series	€ 2,635,557 Balance sheet total 2023: € 2,635,557 ▼ 2% vs 2022 (€ 2,693,073) Unchanged	€ 2,349,520 Balance sheet total 2024: € 2,349,520 ▼ 11% vs 2023 (€ 2,635,557) Unchanged	€ 2,526,101 Balance sheet total 2025: € 2,526,101 ▲ 8% vs 2024 (€ 2,349,520) Unchanged	▲ 8%

Key figures of ULM BAISY-THY, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 31 July 2027.

What happened to ULM BAISY-THY?

What happened at ULM BAISY-THY in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:

Jul 27, 2026 New annual accounts for financial year 2025: profit of € 32,909 (▲ 100% vs 2024). Source: NBB ↗
Apr 29, 2021 New establishment in Genappe. KBO
2021 CHRISTOPH CODDENS became a director. NBB
2021 DIDIER CODDENS became a director. NBB
Apr 29, 2021 Start of the company according to the CBE. KBO

In short

From € 152,373 profit in 2022 to € 32,909 profit in 2025.

Paid € 59,558 in corporate taxes since 2022.

Best year ever: 2022, with € 152,373 profit.

Original PDFs at the National Bank ↗

Management

CHRISTOPH CODDENS DIDIER CODDENS

BRUSSELS HELI AIR

ULM SERVICES

ULM BAISY-THY

Behind ULM BAISY-THY are CHRISTOPH CODDENS and DIDIER CODDENS. The same people are also behind ULM SERVICES. CHRISTOPH CODDENS is also behind BRUSSELS HELI AIR.

Directors

According to the 2025 annual accounts

CHRISTOPH CODDENS

Director

Also active at: BRUSSELS HELI AIR, ULM SERVICES

since 2021

DIDIER CODDENS

Director

Also active at: ULM SERVICES

since 2021

Establishments

Establishment units

Physical locations of this company

Registered office

Route de Houtain 5

1470 Genappe

Who else lives here?

A building full of entrepreneurs or one very busy letterbox? Another 2 companies are registered at this address.

All companies at this address →

ULM SERVICES same network

€ 145,323 gross margin · 2025

ULM Baisy-Thy Flight School

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

Details

Company number

0767.639.192

VAT number

BE 0767.639.192

Registered office

Route de Houtain 5, 1470 Genappe

Names & denominations

ULM BAISY-THY

Enterprise type

Rechtspersoon

Legal form

Private limited company

Legal situation

Normale toestand

Start date

29 April 2021

Peppol

Active · Active since 10 Nov 2025

Activities · NACE

Verhuur en lease van sport- en recreatieartikelen

Overige detailhandel in nieuwe artikelen neg

Verhuur en lease van luchtvaartuigen

View on CBE Public ↗ Annual accounts (NBB) ↗

ULM BAISY-THY

Warning lights

Financials

What happened to ULM BAISY-THY?

Management

Directors

Establishments

Establishment units

Who else lives here?

Details

Frequently asked questions