ACTIVE

SN AIRHOLDING

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Financial year 2025 · Closed on 31/12/2025

Net result596,1 k €-59,6 %over 1 year

Revenue21,5 M €+1,0 %over 1 year

Equity689,3 M €+0,1 %over 1 year

Workforce166,5 ETP+14,0 %over 1 year

Identity

Source · BCE/KBO

SN AIRHOLDING is a Public limited company incorporated in 1979. Its registered office is in Machelen (Brab.). It employs on average 166,5 ETP workers (FTE).

Legal situation: Normal situation
BCE/KBO no. / VAT: BE 0419.468.778
Incorporation: 03/05/1979
Legal form: Public limited company
Registered office: Kompaslaan 26
1831 Machelen (Brab.) · FlandreSee on map
Contributed capital: 686 670 708,63 €
Latest accounts: 31/12/2025
Average workforce: 166,5 ETP

Joint committees (1)

31502

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debtsHigh revenue

Financials

Source · NBB, 56 filings

Trend over 18 financial years

	2025		2024		2023		2022		2020
Income statement
Revenue	21,5 M €	+1.0%	21,2 M €	+14.1%	18,6 M €	+22.3%	15,2 M €	-8.8%	16,7 M €
EBITDA	1 M €	-36.4%	1,6 M €	+79.7%	876,1 k €	+25.6%	697,3 k €	-25.3%	932,9 k €
Operating result	1 M €	-36.4%	1,6 M €	+63.4%	963,1 k €	+30.0%	741 k €	-20.6%	932,9 k €
Net result	596,1 k €	-59.6%	1,5 M €	+306%	-716,8 k €	-317%	329,8 k €	+52.1%	216,8 k €
Balance sheet
Equity	689,3 M €	+0.1%	688,7 M €	+0.2%	687,2 M €	-0.1%	687,9 M €	+104%	337,5 M €
Total assets	693 M €	+0.1%	691,9 M €	+0.0%	691,8 M €	-5.0%	728,1 M €	+30.3%	558,7 M €
Cash	944,3 k €	+9.5%	862,5 k €	-76.0%	3,6 M €	-71.2%	12,5 M €	+28.1%	9,8 M €
Debts	3,7 M €	+13.3%	3,2 M €	-29.7%	4,6 M €	-88.5%	40,1 M €	-81.8%	220,3 M €
Other
Workforce	166,5 ETP	+14.0%	146,1 ETP	+9.8%	133,1 ETP	+15.6%	115,1 ETP	-9.6%	127,3 ETP

Valuation

Indicative valuation

As an indication, this company is worth

between 5 M€ and 10 M€

See the valuation

Board of directors

Source · NBB, accounts to 31/12/2025

7 active · 132 ended

Active mandates

Ellen Gärtner

Director · since 01 janvier 2026 · until 14 juin 2028

Active

Jan Martin Kienecker

Director · since 01 janvier 2026 · until 14 juin 2028

Active

Ellen Gärtner

Director · since 11 juin 2025 · until 14 juin 2028

Active

Jan Martin Kienecker

Director · since 11 juin 2025 · until 14 juin 2028

Active

Christian Leifeld

Director · since 08 août 2024 · until 11 juin 2025

Active

Dieter Vranckx

Chairman of the board of directors · since 08 août 2024 · until 09 juin 2027

Active

Ulrich Lindner

Director · since 08 août 2024 · until 31 décembre 2025

Active

Ended mandates

Christian Leifeld

Director · since 08 août 2024 · until 09 juin 2027

Ended

Ulrich Lindner

Director · since 08 août 2024 · until 09 juin 2027

Ended

Heike Birlenbach

Director · since 14 juin 2023 · until 14 juin 2028

Ended

Jörg Beissel

Director · since 14 juin 2023 · until 14 juin 2028

Ended

Other companies at this address

Kompaslaan 26 1831 Machelen (Brab.)

Company	CBE no.
BRUSSELS AIRLINES● Active	0400.853.488

Full financial information

Source · NBB

	2025	2024	2023	2022	2021	2020
Type of account	Full model	Full model	Full model	Full model	Full model	Full model
Start of the financial year	01/01/2025	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020
Closing of the financial year	31/12/2025	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	16/07/2026	23/06/2025	21/06/2024	05/07/2023	13/06/2022	10/06/2021
General meeting	10/06/2026	11/06/2025	12/06/2024	14/06/2023	08/06/2022	09/06/2021
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

Financial ratios

Source · NBB

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Annual accounts filings

Source · NBB, 56 filings

Model	Closing	General meeting	Filed	Language	Document
Full model	31/12/2025	10/06/2026	16/07/2026	French	PDF
Full model	31/12/2025	10/06/2026	16/07/2026	Dutch	PDF
Full model	31/12/2024	11/06/2025	23/06/2025	Dutch	PDF
Full model	31/12/2023	12/06/2024	21/06/2024	Dutch	PDF
Full model	31/12/2022	14/06/2023	05/07/2023	Dutch	PDF
Full model	31/12/2021	08/06/2022	13/06/2022	Dutch	PDF
Full model	31/12/2020	09/06/2021	10/06/2021	Dutch	PDF
Full model	31/12/2019	01/10/2020	15/10/2020	Dutch	PDF
Full model	31/12/2018	12/06/2019	21/06/2019	French	PDF
Full model	31/12/2018	12/06/2019	21/06/2019	Dutch	PDF
Full model	31/12/2017	13/06/2018	21/06/2018	French	PDF
Full model	31/12/2017	13/06/2018	21/06/2018	Dutch	PDF
Full model	31/12/2016	14/06/2017	28/06/2017	Dutch	PDF
Full model	31/12/2016	14/06/2017	28/06/2017	French	PDF
Consolidated accounts	31/12/2016	14/06/2017	28/06/2017	Dutch	PDF
Consolidated accounts	31/12/2016	14/06/2017	28/06/2017	French	PDF
Full model	31/12/2015	08/06/2016	28/06/2016	French	PDF
Full model	31/12/2015	08/06/2016	28/06/2016	Dutch	PDF
Consolidated accounts	31/12/2015	08/06/2016	28/06/2016	Dutch	PDF
Consolidated accounts	31/12/2015	08/06/2016	28/06/2016	French	PDF
Full model	31/12/2014	10/06/2015	26/06/2015	Dutch	PDF
Full model	31/12/2014	10/06/2015	26/06/2015	French	PDF
Consolidated accounts	31/12/2014	10/06/2015	26/06/2015	Dutch	PDF
Consolidated accounts	31/12/2014	10/06/2015	26/06/2015	French	PDF

View all 56 filings

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 5 M€ and 10 M€

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.

Board of directors

Source · NBB, accounts to 31/12/2025

7 active · 132 ended

Active mandates

Ellen Gärtner

Director · since 01 janvier 2026 · until 14 juin 2028

Active

Jan Martin Kienecker

Director · since 01 janvier 2026 · until 14 juin 2028

Active

Ellen Gärtner

Director · since 11 juin 2025 · until 14 juin 2028

Active

Jan Martin Kienecker

Director · since 11 juin 2025 · until 14 juin 2028

Active

Christian Leifeld

Director · since 08 août 2024 · until 11 juin 2025

Active

Dieter Vranckx

Chairman of the board of directors · since 08 août 2024 · until 09 juin 2027

Active

Ulrich Lindner

Director · since 08 août 2024 · until 31 décembre 2025

Active

Ended mandates

Christian Leifeld

Director · since 08 août 2024 · until 09 juin 2027

Ended

Ulrich Lindner

Director · since 08 août 2024 · until 09 juin 2027

Ended

Heike Birlenbach

Director · since 14 juin 2023 · until 14 juin 2028

Ended

Jörg Beissel

Director · since 14 juin 2023 · until 14 juin 2028

Ended

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette

Registered office15/09/2026
VERPLAATSING ZETEL - STATUTENWIJZIGING
PDF
Other08/09/2026
Uittreksel uit de eenparige schriftelijke besluiten van de raad van bestuur
PDF
Mandates07/07/2026
ONTSLAGEN - BENOEMINGEN
PDF
Mandates28/05/2026
ONTSLAGEN - BENOEMINGEN
PDF
Mandates21/01/2026
ONTSLAGEN - BENOEMINGEN
PDF
Mandates04/07/2025
KAPITAAL - AANDELEN - ONTSLAGEN - BENOEMINGEN
PDF
Other04/06/2025
DIVERSEN
PDF
Mandates06/09/2024
DEMISSIONS, NOMINATIONS
PDF

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

Timeline

01/01/2026
nominationEllen Gärtner — bestuurder
2025
Annual accounts 2025596,1 k €↓
11/06/2025
nominationJan Martin Kienecker — bestuurder
2024
Annual accounts 20241,5 M €↑
08/08/2024
nominationDieter Vranckx — bestuurder (Voorzitter)
08/08/2024
nominationUlrich Lindner — bestuurder
08/08/2024
nominationChristian Leifeld — bestuurder
2023
Annual accounts 2023-716,8 k €↓
29/11/2023
reduction_capital
14/06/2023
reconductionHeike Birlenbach — bestuurder
14/06/2023
reconductionJoerg Beissel — bestuurder
14/06/2023
reconductionEY Bedrijfsrevisoren BV — Commissaris
2022
Annual accounts 2022329,8 k €↑
15/12/2022
augmentation_capital
2020
Annual accounts 2020216,8 k €↓
2019
Annual accounts 2019323,4 k €↓
2018
Annual accounts 2018395,5 k €↑
2017
Annual accounts 2017-163,7 k €↑
2016
Annual accounts 2016-1,6 M €↑
2015
Annual accounts 2015-1,7 M €↑
2014
Annual accounts 2014-1,7 M €↓
2013
Annual accounts 2013-945,2 k €↓
2012
Annual accounts 2012-691,8 k €↑
2011
Annual accounts 2011-59,5 M €↓
2010
Annual accounts 2010215,2 k €↑
2009
Annual accounts 200961,5 k €↓
2008
Annual accounts 200822,9 M €↑
2007
Annual accounts 20076 M €
03/05/1979
IncorporationPublic limited company

SN AIRHOLDING

Overview

Identity

Financials

Valuation

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

Timeline