ACTIVE

NOORDZEE HELIKOPTERS VLAANDEREN

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Financial year 2025 · Closed on 31/12/2025

Net result1,5 M €+183,9 %over 1 year
Revenue27,7 M €-15,1 %over 1 year
Equity18,1 M €+8,9 %over 1 year
Workforce129,2 ETP-5,3 %over 1 year

Identity

Source · BCE/KBO

NOORDZEE HELIKOPTERS VLAANDEREN is a Public limited company incorporated in 1997. Its registered office is in Oostende. It employs on average 129,2 ETP workers (FTE).

Legal situation
Normal situation
BCE/KBO no. / VAT
BE 0460.718.920
Incorporation
23/05/1997
Legal form
Public limited company
Registered office
Kalkaertstraat 101
8400 Oostende · FlandreSee on map
Contributed capital
14 901 904,35 €
Latest accounts
31/12/2025
Average workforce
129,2 ETP
Joint committees (1)
  • 31502
Signals
ProfitablePositive cashflowPositive EBITDAHealthy social debtsHigh revenue

Financials

Source · NBB, 27 filings

Trend over 18 financial years

20252024202320222021
Income statement
Revenue27,7 M €32,7 M €46,9 M €43,9 M €46,9 M €
EBITDA7,3 M €15,9 M €1,6 M €-1,5 M €-1,5 M €
Operating result5,6 M €12,2 M €-1,6 M €-4,4 M €-5,9 M €
Net result1,5 M €-1,8 M €-79,7 M €-6,2 M €-52,6 M €
Balance sheet
Equity18,1 M €16,6 M €-96,6 M €-17 M €-10,7 M €
Total assets91,1 M €91,3 M €83,1 M €195 M €224,7 M €
Cash1,1 M €1,6 M €449,2 k €1,3 M €6,3 M €
Debts65,3 M €70,4 M €176 M €206,8 M €226,8 M €
Other
Workforce129,2 ETP136,4 ETP140,7 ETP141,4 ETP159,5 ETP

Valuation

Indicative valuation

As an indication, this company is worth

between 50 M€ and 100 M€
See the valuation

Board of directors

Source · NBB, accounts to 31/12/2025

2 active · 33 ended

Active mandates

Lars-Henrik Thorngreen

Managing director · since 29 octobre 2024 · until 15 juin 2030

Active
Michael Gislam

Director · since 15 décembre 2021 · until 15 juin 2030

Active

Ended mandates

Laurent Verhelst

Director · since 15 décembre 2021 · until 26 janvier 2023

Ended
Laurent Verhelst

Director · since 15 décembre 2021 · until 04 juin 2027

Ended
Michael Gislam

Director · since 15 décembre 2021 · until 04 juin 2027

Ended
Thomas Hütsch

Managing director · since 15 décembre 2021 · until 29 octobre 2024

Ended

Other companies at this address

Kalkaertstraat 101 8400 Oostende
CompanyCBE no.
NHV Group● Active
0544.424.376
NHV INVEST● Active
0898.305.716
NHV Management● Active
0720.934.682

Full financial information

Source · NBB
202520242023202220212020
Type of accountFull modelFull modelFull modelFull modelFull modelFull model
Start of the financial year01/01/202501/01/202401/01/202301/01/202201/01/202101/01/2020
Closing of the financial year31/12/202531/12/202431/12/202331/12/202231/12/202131/12/2020
Length of the financial year12 months12 months12 months12 months12 months12 months
Filing date23/06/202626/06/202504/07/202419/07/202318/07/202225/06/2021
General meeting05/06/202606/06/202528/06/202430/06/202324/06/202204/06/2021
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls

Financial ratios

Source · NBB

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Annual accounts filings

Source · NBB, 27 filings
ModelClosingGeneral meetingFiledLanguageDocument
Full model31/12/202505/06/202623/06/2026DutchPDF
Full model31/12/202406/06/202526/06/2025DutchPDF
Full model31/12/202328/06/202404/07/2024DutchPDF
Full model31/12/202230/06/202319/07/2023DutchPDF
Full model31/12/202124/06/202218/07/2022DutchPDF
Full model31/12/202004/06/202125/06/2021DutchPDF
Full model31/12/201906/07/202022/07/2020DutchPDF
Full model31/12/201807/06/201904/07/2019DutchPDF
Full model31/12/201701/06/201814/06/2018DutchPDF
Full model31/12/201621/06/201728/06/2017DutchPDF
Full model31/12/201524/06/201628/06/2016DutchPDF
Full model31/12/201405/06/201525/06/2015DutchPDF
Full model31/12/201329/04/201412/05/2014DutchPDF
Consolidated accountsCorrection31/12/201329/04/201425/07/2014DutchPDF
Consolidated accountsCorrection31/12/201329/04/201413/06/2014DutchPDF
Consolidated accounts31/12/201329/04/201420/05/2014DutchPDF
Full modelCorrection31/12/201216/09/201315/10/2013DutchPDF
Full model31/12/201214/05/201314/06/2013DutchPDF
Consolidated accountsCorrection31/12/201201/10/201305/11/2013DutchPDF
Consolidated accounts31/12/201205/06/201317/06/2013DutchPDF
Full model31/12/201129/06/201225/07/2012DutchPDF
Consolidated accounts31/12/201129/06/201225/07/2012DutchPDF
Full model31/12/201030/06/201129/07/2011DutchPDF
Full model31/12/200912/05/201011/06/2010DutchPDF

View all 27 filings

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 50 M€ and 100 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

2 active · 33 ended

Active mandates

Lars-Henrik Thorngreen

Managing director · since 29 octobre 2024 · until 15 juin 2030

Active
Michael Gislam

Director · since 15 décembre 2021 · until 15 juin 2030

Active

Ended mandates

Laurent Verhelst

Director · since 15 décembre 2021 · until 26 janvier 2023

Ended
Laurent Verhelst

Director · since 15 décembre 2021 · until 04 juin 2027

Ended
Michael Gislam

Director · since 15 décembre 2021 · until 04 juin 2027

Ended
Thomas Hütsch

Managing director · since 15 décembre 2021 · until 29 octobre 2024

Ended

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette
  • Capital / shares09/01/2025
    STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …) - KAPITAAL - AANDELEN
    PDF
  • Mandates13/12/2024
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates16/04/2024
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates08/03/2023
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Other18/08/2022
    STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …)
    PDF
  • Mandates28/12/2021
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates12/08/2021
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Other11/12/2020
    DIVERSEN
    PDF

Similar companies

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

See the Business plan

Timeline

  1. 2025
    Annual accounts 20251,5 M €↑
  2. 2024
    Annual accounts 2024-1,8 M €↑
  3. 24/12/2024
    augmentation_capital
  4. 24/12/2024
    reduction_capital
  5. 29/10/2024
    nominationLars-Henrik Thorngreen — bestuurder
  6. 15/10/2024
    nominationElie Janssens — permanente vertegenwoordiger (commissaris)
  7. 2023
    Annual accounts 2023-79,7 M €↓
  8. 01/07/2023
    nominationTim Vanheuverzwijn — commissaris
  9. 26/01/2023
    nominationThomas Hütsch — voorzitter
  10. 26/01/2023
    nominationMichael Gislam — bestuurder
  11. 2022
    Annual accounts 2022-6,2 M €↑
  12. 2021
    Annual accounts 2021-52,6 M €↓
  13. 2020
    Annual accounts 2020-12 M €↓
  14. 2019
    Annual accounts 2019405,5 k €↑
  15. 2018
    Annual accounts 2018-7 M €↑
  16. 2017
    Annual accounts 2017-12,6 M €↓
  17. 2016
    Annual accounts 2016-8,9 M €↓
  18. 2013
    Annual accounts 2013-1,5 M €↓
  19. 2012
    Annual accounts 20125,4 M €↑
  20. 2011
    Annual accounts 20113,7 M €↑
  21. 2010
    Annual accounts 2010-2,2 M €↓
  22. 2009
    Annual accounts 2009414,6 k €↓
  23. 2008
    Annual accounts 20082,6 M €↑
  24. 2007
    Annual accounts 2007259,9 k €↓
  25. 2006
    Annual accounts 20062,3 M €
  26. 23/05/1997
    IncorporationPublic limited company