ACTIVE

FLYING PARTNERS

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Financial year 2025 · closed on 31/12/2025

Net result

6,1 k €

-26.4% YoY

Revenue

948,9 k €

+7.8% YoY

Equity

192,2 k €

+18.7% YoY

What does FLYING PARTNERS do?

FLYING PARTNERS is a Cooperative society incorporated in 1991. Its main activity is: Passenger air transport. Its registered office is in Antwerpen.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0445.393.811

Incorporation

14/10/1991

Legal form

Cooperative society

Registered office

Luchthavenlei 1 box 56
2100 Antwerpen · FlandreSee on map

Contributed capital

129 379,61 €

Latest accounts

31/12/2025

Activities (NACE)

51100Passenger air transport· main 51100Passenger air transport 62200Computer programming, consultancy and related activities

Joint committees (1)

Signals

ProfitableGood liquidityPositive cashflowPositive EBITDA

View the BCE/KBO Public Search record →

Health score

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✦ Verdict · Analyst summary

Financials

Trend over 19 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Revenue	948,9 k €	+7.8%	880,5 k €	-28.6%	1,2 M €	+41.8%	869,8 k €	-46.8%	1,6 M €	+1.3%	1,6 M €	-18.3%	2 M €	+17.8%	1,7 M €	-20.1%	2,1 M €	-9.6%	2,3 M €	-0.4%	2,3 M €	-34.0%	3,5 M €	-37.9%	5,7 M €	-32.5%	8,4 M €	-8.8%	9,2 M €	-23.0%	12 M €	-7.7%	13 M €	-4.9%	13,7 M €	+14.9%	11,9 M €
EBITDA	9,4 k €	-28.9%	13,2 k €	-6.0%	14 k €	+25.0%	11,2 k €	+286%	2,9 k €	+104%	-78,5 k €	-3903%	2,1 k €	-58.2%	4,9 k €	-59.4%	12,2 k €	+69.3%	7,2 k €	-80.6%	37,1 k €	+188%	-42,1 k €	+55.9%	-95,4 k €	-10.7%	-86,2 k €	-161%	-33,1 k €	-111%	290,9 k €	+364%	62,7 k €	+2305%	-2,8 k €	-112%	23 k €
Operating result	9,4 k €	-28.9%	13,2 k €	-6.0%	14 k €	+25.0%	11,2 k €	+286%	2,9 k €	-16.3%	3,5 k €	+68.6%	2,1 k €	-58.2%	4,9 k €	-59.4%	12,2 k €	+69.3%	7,2 k €	-26.9%	9,8 k €	+125%	-39,1 k €	+60.3%	-98,5 k €	-58.6%	-62,1 k €	-87.9%	-33,1 k €	-114%	230,3 k €	+207%	75,1 k €	+2741%	-2,8 k €	-112%	23 k €
Net result	6,1 k €	-26.4%	8,3 k €	-18.7%	10,2 k €	+120%	4,6 k €	+82.7%	2,5 k €	-15.0%	3 k €	+46.2%	2 k €	-14.2%	2,4 k €	-67.3%	7,2 k €	+504%	1,2 k €	+71.6%	698,4 €	+361%	151,6 €	+1440%	9,8 €	-98.2%	556,4 €	-79.0%	2,7 k €	+14630%	18 €	-99.8%	8,4 k €	+32.1%	6,4 k €	-32.9%	9,5 k €
Balance sheet
Equity	192,2 k €	+18.7%	161,9 k €	+36.8%	118,3 k €	+24.1%	95,3 k €	+37.9%	69,1 k €	+23.9%	55,8 k €	+4.7%	53,3 k €	+3.3%	51,6 k €	+2.9%	50,1 k €	+13.6%	44,1 k €	+1.6%	43,4 k €	-4.1%	45,2 k €	-0.3%	45,4 k €	+0.0%	45,4 k €	+0.5%	45,1 k €	+6.2%	42,5 k €	-1.4%	43,1 k €	+24.3%	34,7 k €	+22.5%	28,3 k €
Total assets	957,3 k €	+42.3%	672,9 k €	-28.9%	945,8 k €	+59.7%	592,2 k €	-54.1%	1,3 M €	-0.1%	1,3 M €	-22.4%	1,7 M €	+26.4%	1,3 M €	-15.0%	1,5 M €	+8.5%	1,4 M €	+10.5%	1,3 M €	-34.5%	2 M €	+99.7%	987,2 k €	-90.1%	10 M €	+48.6%	6,7 M €	+3.3%	6,5 M €	+90.4%	3,4 M €	-55.9%	7,7 M €	+14.9%	6,7 M €
Cash	140,3 €	+33.2%	105,3 €	-99.0%	10,7 k €	+2335%	441,1 €	-86.9%	3,4 k €	+98.5%	1,7 k €	+195%	576,6 €	-90.9%	6,3 k €	-77.5%	28,2 k €	+1510%	1,7 k €	-71.7%	6,2 k €	-94.3%	107,5 k €	-35.1%	165,6 k €	+83.3%	90,4 k €	-79.9%	449,3 k €	+6.7%	421,2 k €	+143%	173 k €	-42.7%	302 k €	+54.5%	195,5 k €
Debts	753,9 k €	+48.0%	509,4 k €	-38.2%	824,5 k €	+66.7%	494,7 k €	-59.4%	1,2 M €	-1.1%	1,2 M €	-23.3%	1,6 M €	+27.3%	1,3 M €	-15.6%	1,5 M €	+8.6%	1,4 M €	+11.3%	1,2 M €	-34.9%	1,9 M €	+108%	912,3 k €	-90.7%	9,9 M €	+48.9%	6,6 M €	+2.8%	6,4 M €	+91.4%	3,4 M €	-56.3%	7,7 M €	+14.9%	6,7 M €
Other
Workforce	–		–		–		–		–		–		–		–		–		–		–		–		–		–		–		–		–		–		1,5 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 31/12/2025 · 1 active · 5 ended

Active mandates

FLYING GROUP HOLDING

Director · 0875.470.035

Represented by Bernard Van Milders

Active

Ended mandates

FLYING GROUP HOLDING

Director · since 01 janvier 2006 · 0875.470.035

Represented by Bernard Van Milders

Ended

FLYING GROUP HOLDING

Manager · since 01 janvier 2006 · 0875.470.035

Represented by Bernard Van Milders

Ended

FLYING GROUP HOLDING

Manager · since 01 janvier 2006 · 0875.470.035

Represented by Bernard Van Milders

Ended

FLYING GROUP HOLDING

Manager · since 01 janvier 2006 · 0875.470.035

Represented by Bernard Van Milders

Ended

At this address

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BELAIR DEURNE● Bankrupt	0808.061.171
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FINSERVE RENT● Active	0871.900.633
FLYING SERVICE● Active	0424.612.055
IMAGINE FLYING EUROPE● Active	1005.323.836
Important People Driving● Active	1001.676.933
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MUNERIS SERVICES● Active	0739.623.713
RAD LAB● Active	0792.371.521
RAYMOND'S AIRCRAFT RESTORATION● Active	0880.587.378
RENDIR● Bankrupt	0838.870.450
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Annual accounts

Full financial information

	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	25/06/2026	30/06/2025	03/07/2024	21/06/2023	04/07/2022	01/07/2021
General meeting	19/06/2026	20/06/2025	21/06/2024	16/06/2023	17/06/2022	18/06/2021
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

Ratios

Financial ratios

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Filings

Annual accounts filings

21 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Full model	31/12/2025	19/06/2026	25/06/2026	Dutch	PDF
Full model	31/12/2024	20/06/2025	30/06/2025	Dutch	PDF
Full model	31/12/2023	21/06/2024	03/07/2024	Dutch	PDF
Full model	31/12/2022	16/06/2023	21/06/2023	Dutch	PDF
Full model	31/12/2021	17/06/2022	04/07/2022	Dutch	PDF
Full model	31/12/2020	18/06/2021	01/07/2021	Dutch	PDF
Full model	31/12/2019	18/06/2020	23/06/2020	Dutch	PDF
Full model	31/12/2018	21/06/2019	03/07/2019	Dutch	PDF
Full model	31/12/2017	15/06/2018	03/07/2018	Dutch	PDF
Full model	31/12/2016	26/05/2017	08/06/2017	Dutch	PDF
Full modelCorrection	31/12/2015	24/05/2016	09/05/2017	Dutch	PDF
Full model	31/12/2015	24/05/2016	31/05/2016	Dutch	PDF
Full model	31/12/2014	26/05/2015	08/06/2015	Dutch	PDF
Full model	31/12/2013	17/06/2014	17/06/2014	Dutch	PDF
Full model	31/12/2012	28/05/2013	28/06/2013	Dutch	PDF
Full model	31/12/2011	21/06/2012	31/08/2012	Dutch	PDF
Full model	31/12/2010	24/05/2011	29/07/2011	Dutch	PDF
Full model	31/12/2009	23/06/2010	28/07/2010	Dutch	PDF
Full model	31/12/2008	26/05/2009	08/07/2009	Dutch	PDF
Full model	31/12/2007	27/05/2008	23/07/2008	Dutch	PDF
Full model	31/12/2006	06/06/2007	27/06/2007	Dutch	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 31/12/2025 · 1 active · 5 ended

Active mandates

FLYING GROUP HOLDING

Director · 0875.470.035

Represented by Bernard Van Milders

Active

Ended mandates

FLYING GROUP HOLDING

Director · since 01 janvier 2006 · 0875.470.035

Represented by Bernard Van Milders

Ended

FLYING GROUP HOLDING

Manager · since 01 janvier 2006 · 0875.470.035

Represented by Bernard Van Milders

Ended

FLYING GROUP HOLDING

Manager · since 01 janvier 2006 · 0875.470.035

Represented by Bernard Van Milders

Ended

FLYING GROUP HOLDING

Manager · since 01 janvier 2006 · 0875.470.035

Represented by Bernard Van Milders

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates24/07/2025
ONTSLAGEN - BENOEMINGEN
PDF
Mandates28/07/2022
ONTSLAGEN - BENOEMINGEN
PDF
Mandates22/07/2020
KAPITAAL - AANDELEN - ONTSLAGEN - BENOEMINGEN - BOEKJAAR - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM
PDF
Mandates05/11/2019
ONTSLAGEN - BENOEMINGEN
PDF
Mandates13/08/2019
ONTSLAGEN - BENOEMINGEN
PDF
Other22/11/2017
ALGEMENE VERGADERING - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - DIVERSEN
PDF
Mandates10/01/2017
ONTSLAGEN - BENOEMINGEN
PDF
Mandates04/12/2014
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

2025
Annual accounts 20256,1 k €↓
2024
Annual accounts 20248,3 k €↓
2023
Annual accounts 202310,2 k €↑
2022
Annual accounts 20224,6 k €↑
2021
Annual accounts 20212,5 k €↓
2020
Annual accounts 20203 k €↑
2019
Annual accounts 20192 k €↓
2018
Annual accounts 20182,4 k €↓
2017
Annual accounts 20177,2 k €↑
2016
Annual accounts 20161,2 k €↑
2015
Annual accounts 2015698,4 €↑
2013
Annual accounts 2013151,6 €↑
2012
Annual accounts 20129,8 €↓
2011
Annual accounts 2011556,4 €↓
2010
Annual accounts 20102,7 k €↑
2009
Annual accounts 200918 €↓
2008
Annual accounts 20088,4 k €↑
2007
Annual accounts 20076,4 k €↓
2006
Annual accounts 20069,5 k €
14/10/1991
IncorporationCooperative society

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

FLYING PARTNERS

Overview

What does FLYING PARTNERS do?

Trend over 19 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