ACTIVE

ABELAG HANDLING

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Financial year 2024 · closed on 31/12/2024

Net result

-7,4 M €

-1547.6% YoY

Revenue

10,6 M €

-1.7% YoY

Equity

-1,9 M €

-133.4% YoY

Workforce

29,5 ETP

-3.3% YoY

What does ABELAG HANDLING do?

ABELAG HANDLING is a Public limited company incorporated in 1964. Its main activity is: Passenger air transport. Its registered office is in Zaventem. It employs on average 29,5 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0400.366.114

Incorporation

18/02/1964

Legal form

Public limited company

Registered office

Luchthaven Brussel Nationaal ZN
1930 Zaventem · FlandreSee on map

Contributed capital

450 000,00 €

Latest accounts

31/12/2024

Average workforce

29,5 ETP

Activities (NACE)

51100Passenger air transport· main 51100Passenger air transport 52230Service activities incidental to air transportation 52230Service activities incidental to air transportation 62200Computer programming, consultancy and related activities 51100Passenger air transport+3

Joint committees (1)

31502

Signals

Low riskGood liquidityPositive EBITDAHealthy social debtsHigh revenue

View the BCE/KBO Public Search record →

Health score

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✦ Verdict · Analyst summary

Financials

Trend over 16 financial years

	2024		2023		2022		2021		2019		2018		2017		2016		2015		2014		2012		2010		2009		2008		2007		2006
Income statement
Revenue	10,6 M €	-1.7%	10,8 M €	-18.9%	13,3 M €	+74.0%	7,7 M €	-15.6%	9,1 M €	+0.5%	9 M €	+9.9%	8,2 M €	+4.6%	7,9 M €	-10.0%	8,7 M €	-14.8%	10,2 M €	-5.9%	10,9 M €	-67.2%	33,2 M €	+41.6%	23,4 M €	-27.2%	32,2 M €	-11.2%	36,3 M €	+21.6%	29,8 M €
EBITDA	828,7 k €	-33.4%	1,2 M €	-40.4%	2,1 M €	+91.1%	1,1 M €	-9.2%	1,2 M €	-13.2%	1,4 M €	+52.2%	911,6 k €	+4.0%	876,6 k €	-11.0%	984,7 k €	-38.7%	1,6 M €	+38.1%	1,2 M €	-43.1%	2 M €	-16.9%	2,5 M €	-34.8%	3,8 M €	-26.7%	5,1 M €	+8.9%	4,7 M €
Operating result	374,1 k €	-54.6%	824,5 k €	-50.8%	1,7 M €	+137%	706,4 k €	-17.1%	851,7 k €	-16.5%	1 M €	+95.3%	522,5 k €	+5.9%	493,5 k €	-34.9%	757,5 k €	-44.4%	1,4 M €	+81.8%	749,4 k €	-44.8%	1,4 M €	-26.3%	1,8 M €	-41.5%	3,2 M €	-30.4%	4,5 M €	+10.7%	4,1 M €
Net result	-7,4 M €	-1548%	510,8 k €	-56.1%	1,2 M €	+141%	483,7 k €	-6.6%	518 k €	-15.7%	614,5 k €	+144%	251,8 k €	+11.3%	226,3 k €	-51.8%	469,9 k €	-42.1%	811,8 k €	+117%	374,6 k €	-50.9%	762,4 k €	+28.2%	594,8 k €	-51.2%	1,2 M €	-59.3%	3 M €	-6.2%	3,2 M €
Balance sheet
Equity	-1,9 M €	-133%	5,5 M €	+10.2%	5 M €	+30.1%	3,9 M €	-4.4%	4 M €	+14.7%	3,5 M €	+21.1%	2,9 M €	+9.5%	2,7 M €	+9.3%	2,4 M €	+23.9%	2 M €	+25.9%	1,6 M €	-86.7%	11,7 M €	+7.0%	11 M €	+5.7%	10,4 M €	+13.3%	9,2 M €	-37.9%	14,7 M €
Total assets	10,7 M €	+22.5%	8,7 M €	+0.1%	8,7 M €	+23.5%	7 M €	-6.3%	7,5 M €	+8.1%	7 M €	+14.9%	6,1 M €	-6.4%	6,5 M €	+58.4%	4,1 M €	-10.6%	4,6 M €	-50.1%	9,1 M €	-70.6%	31,1 M €	+4.4%	29,8 M €	-5.5%	31,5 M €	-8.1%	34,3 M €	+39.2%	24,6 M €
Cash	371 k €	-33.8%	560,6 k €	-45.1%	1 M €	+49.8%	681,1 k €	+42.9%	476,7 k €	-3.3%	493,2 k €	+31.3%	375,5 k €	+8.7%	345,6 k €	+7.5%	321,4 k €	-77.3%	1,4 M €	+592%	204,3 k €	-85.3%	1,4 M €	+175%	505 k €	-26.6%	687,6 k €	-66.3%	2 M €	+246%	590,4 k €
Debts	12,3 M €	+320%	2,9 M €	-16.4%	3,5 M €	+11.8%	3,1 M €	-8.6%	3,4 M €	+1.3%	3,4 M €	+9.4%	3,1 M €	-17.2%	3,7 M €	+127%	1,6 M €	-34.0%	2,5 M €	-66.7%	7,5 M €	-59.3%	18,4 M €	+1.0%	18,2 M €	-11.1%	20,5 M €	-16.0%	24,4 M €	+161%	9,3 M €
Other
Workforce	29,5 ETP	-3.3%	30,5 ETP	-1.9%	31,1 ETP	+6.9%	29,1 ETP	-3.3%	30,1 ETP	+2.0%	29,5 ETP	+2.4%	28,8 ETP	-4.6%	30,2 ETP	+1.7%	29,7 ETP	+2.8%	28,9 ETP	+7.0%	27,0 ETP	-35.1%	41,6 ETP	-6.1%	44,3 ETP	-8.8%	48,6 ETP	-16.5%	58,2 ETP	+10.6%	52,6 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 0 € and 100 k€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2024 · 3 active · 24 ended

Active mandates

Michel Tohane Nunez

Director · since 25 juillet 2024 · until 14 janvier 2026

Active

ABELAG HOLDING

Managing director · since 26 juin 2019 · until 30 avril 2026 · 0890.113.075

Represented by Ward Bonduel

Active

BETA

Director · since 26 juin 2019 · until 30 avril 2026 · 0886.979.876

Represented by Bernard Duwyn

Active

Ended mandates

N.W. MANAGEMENT

Director · since 26 juin 2020 · until 26 juin 2025 · 0473.726.818

Represented by Nicolas Willemot

Ended

ABELAG HOLDING

Managing director · since 26 juin 2019 · until 26 juin 2025 · 0890.113.075

Represented by Hervé Laitat

Ended

ABELAG HOLDING

Director · since 26 juin 2019 · until 26 juin 2025 · 0890.113.075

Represented by Ward Bonduel

Ended

ABELAG HOLDING

Managing director · since 26 juin 2019 · until 26 juin 2025 · 0890.113.075

Represented by Ward Bonduel

Ended

At this address

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Annual accounts

Full financial information

	2024	2023	2022	2021	2020	2019
Type of account	Full model	Full model	Full model	Full model	Full model	Full model
Start of the financial year	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020	01/01/2019
Closing of the financial year	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020	31/12/2019
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	08/05/2026	30/07/2024	19/07/2023	26/07/2022	27/07/2021	30/11/2020
General meeting	30/04/2026	25/07/2024	30/05/2023	13/07/2022	29/06/2021	27/11/2020
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
Full model	31/12/2024	30/04/2026	08/05/2026	Dutch	PDF
Full model	31/12/2023	25/07/2024	30/07/2024	Dutch	PDF
Full model	31/12/2022	30/05/2023	19/07/2023	Dutch	PDF
Full model	31/12/2021	13/07/2022	26/07/2022	Dutch	PDF
Full model	31/12/2020	29/06/2021	27/07/2021	Dutch	PDF
Full model	31/12/2019	27/11/2020	30/11/2020	Dutch	PDF
Full model	31/12/2018	26/06/2019	24/07/2019	Dutch	PDF
Full model	31/12/2017	29/05/2018	23/07/2018	Dutch	PDF
Full model	31/12/2016	30/05/2017	30/06/2017	Dutch	PDF
Full model	31/12/2015	31/05/2016	28/06/2016	Dutch	PDF
Full model	31/12/2014	25/05/2015	08/06/2015	Dutch	PDF
Full model	01/12/2013	27/05/2014	13/06/2014	Dutch	PDF
Full model	31/12/2012	28/05/2013	02/07/2013	Dutch	PDF
Full model	31/12/2011	29/05/2012	27/08/2012	Dutch	PDF
Full model	31/12/2010	31/05/2011	28/07/2011	Dutch	PDF
Full model	31/12/2009	25/05/2010	25/06/2010	Dutch	PDF
Full model	31/12/2008	26/05/2009	23/07/2009	Dutch	PDF
Full model	31/12/2007	27/05/2008	30/09/2008	French	PDF
Full model	31/12/2006	29/05/2007	31/08/2007	French	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 0 € and 100 k€

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 31/12/2024 · 3 active · 24 ended

Active mandates

Michel Tohane Nunez

Director · since 25 juillet 2024 · until 14 janvier 2026

Active

ABELAG HOLDING

Managing director · since 26 juin 2019 · until 30 avril 2026 · 0890.113.075

Represented by Ward Bonduel

Active

BETA

Director · since 26 juin 2019 · until 30 avril 2026 · 0886.979.876

Represented by Bernard Duwyn

Active

Ended mandates

N.W. MANAGEMENT

Director · since 26 juin 2020 · until 26 juin 2025 · 0473.726.818

Represented by Nicolas Willemot

Ended

ABELAG HOLDING

Managing director · since 26 juin 2019 · until 26 juin 2025 · 0890.113.075

Represented by Hervé Laitat

Ended

ABELAG HOLDING

Director · since 26 juin 2019 · until 26 juin 2025 · 0890.113.075

Represented by Ward Bonduel

Ended

ABELAG HOLDING

Managing director · since 26 juin 2019 · until 26 juin 2025 · 0890.113.075

Represented by Ward Bonduel

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Capital / shares14/07/2026
KAPITAAL, AANDELEN
PDF
Mandates09/06/2026
ONTSLAGEN - BENOEMINGEN
PDF
Mandates26/09/2024
ONTSLAGEN - BENOEMINGEN
PDF
Other12/10/2023
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - DIVERSEN
PDF
Mandates05/08/2021
ONTSLAGEN - BENOEMINGEN
PDF
Mandates17/02/2021
ONTSLAGEN - BENOEMINGEN
PDF
Mandates03/08/2020
ONTSLAGEN - BENOEMINGEN
PDF
Mandates06/08/2019
ONTSLAGEN - BENOEMINGEN
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

2024
Annual accounts 2024-7,4 M €↓
2023
Annual accounts 2023510,8 k €↓
2022
Annual accounts 20221,2 M €↑
2021
Annual accounts 2021483,7 k €↓
2019
Annual accounts 2019518 k €↓
2018
Annual accounts 2018614,5 k €↑
2017
Annual accounts 2017251,8 k €↑
2016
Annual accounts 2016226,3 k €↓
2015
Annual accounts 2015469,9 k €↓
2014
Annual accounts 2014811,8 k €↑
2012
Annual accounts 2012374,6 k €↓
2010
Annual accounts 2010762,4 k €↑
2009
Annual accounts 2009594,8 k €↓
2008
Annual accounts 20081,2 M €↓
2007
Annual accounts 20073 M €↓
2006
Annual accounts 20063,2 M €
18/02/1964
IncorporationPublic limited company

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

ABELAG HANDLING

Overview

What does ABELAG HANDLING do?

Trend over 16 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