ACTIVE

AIR SERVICE LIEGE

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Financial year 2025 · Closed on 31/12/2025

Net result276 k €-72,8 %over 1 year
Revenue47,8 M €-6,5 %over 1 year
Equity11,6 M €-1,9 %over 1 year
Workforce37,7 ETP-3,8 %over 1 year

Identity

Source · BCE/KBO

AIR SERVICE LIEGE is a Public limited company incorporated in 1997. Its main activity is: Passenger air transport. Its registered office is in Hasselt. It employs on average 37,7 ETP workers (FTE).

Legal situation
Normal situation
BCE/KBO no. / VAT
BE 0461.940.625
Incorporation
21/11/1997
Legal form
Public limited company
Registered office
Voogdijstraat 29
3500 Hasselt · FlandreSee on map
Contributed capital
1 102 000,00 €
Latest accounts
31/12/2025
Average workforce
37,7 ETP
Joint committees (2)
  • 315
  • 31502
Signals
ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debtsHigh revenue

Financials

Source · NBB, 20 filings

Trend over 18 financial years

20252024202320222021
Income statement
Revenue47,8 M €51,2 M €51,9 M €57,7 M €39,3 M €
EBITDA925,4 k €2,7 M €2,1 M €2,8 M €2,4 M €
Operating result147,7 k €1,3 M €1,2 M €2,1 M €2,1 M €
Net result276 k €1 M €1,2 M €1,7 M €1,8 M €
Balance sheet
Equity11,6 M €11,8 M €11,3 M €10,7 M €9,6 M €
Total assets24,6 M €30,5 M €26,4 M €28,9 M €24,2 M €
Cash3,2 M €3,1 M €4,1 M €2,4 M €1,7 M €
Debts12,5 M €17,9 M €14,7 M €17,7 M €14,1 M €
Other
Workforce37,7 ETP39,2 ETP47,4 ETP48,9 ETP32,3 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

3 active · 48 ended

Active mandates

ASL GROUP

Director · 0757.684.420

Represented by Tony Beeuwsaert

Active
Elite Group

Managing director · 0632.824.634

Represented by Philippe Bodson

Active
JOHAN MAERTENS

Director · 0699.572.611

Represented by Johan Maertens

Active

Ended mandates

JOHAN MAERTENS

Director · since 04 juillet 2022 · until 16 mai 2028 · 0699.572.611

Represented by Johan MAERTENS

Ended
JOHAN MAERTENS

Director · since 04 juillet 2022 · until 21 mai 2028 · 0699.572.611

Represented by Johan Maertens

Ended
CLIMAX Aviation

Director · since 14 juin 2021 · until 19 mai 2026 · 0766.919.711

Represented by Wauters MAXIME

Ended
ASL GROUP

Director · since 23 février 2021 · until 19 mai 2026 · 0757.684.420

Represented by Tony Beeuwsaert

Ended

Other companies at this address

Voogdijstraat 29 3500 Hasselt
CompanyCBE no.
Air Charters Europe● Active
0687.735.047
ALL TRADE SERVICE● Active
0452.279.524
ASL ACADEMY● Active
0839.023.769
Asl Fly Executive● Active
0552.710.651
ASL FLY SUSTAINABLE● Active
0788.945.639
Asl Jet Handling● Active
0745.955.239
Asl Private Skies● Active
0806.515.309
ASL PROJECTS● Active
0808.524.001
ASL TRAVEL● Active
0881.232.825
BELGIUM IMMO AND TRADING COMPANY● Active
0445.545.546
BLENTE● Active
0783.991.117
Blue Sky Aviation● Active
0527.924.676
BLUE SKY DEVELOPMENT● Active
0788.945.441
Elite Group● Active
0632.824.634
FRANCESCO● Active
0440.991.296
GROEP BARRIER● Active
0794.952.414
GUSTUS● Active
0508.586.044
JULIMO● Active
0445.546.734
LGG AIRLINE SERVICES● Active
0821.787.166
PixioDigital BE● Active
1028.527.028

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 date10/07/202611/07/202512/07/202420/07/202329/06/202212/07/2021
General meeting30/06/202630/06/202528/06/202422/06/202303/06/202214/06/2021
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, 20 filings
ModelClosingGeneral meetingFiledLanguageDocument
Full model31/12/202530/06/202610/07/2026DutchPDF
Full model31/12/202430/06/202511/07/2025DutchPDF
Full model31/12/202328/06/202412/07/2024DutchPDF
Full model31/12/202222/06/202320/07/2023DutchPDF
Full model31/12/202103/06/202229/06/2022DutchPDF
Full model31/12/202014/06/202112/07/2021DutchPDF
Full model31/12/201918/06/202017/07/2020DutchPDF
Full model31/12/201821/05/201917/06/2019DutchPDF
Full model31/12/201729/06/201806/07/2018DutchPDF
Full model31/12/201616/05/201716/06/2017DutchPDF
Full model31/12/201517/05/201613/06/2016DutchPDF
Full model31/12/201419/05/201518/06/2015DutchPDF
Full model30/09/201318/02/201414/03/2014DutchPDF
Full model30/09/201229/03/201322/04/2013DutchPDF
Full model30/09/201130/03/201225/04/2012DutchPDF
Full model30/09/201030/03/201129/04/2011DutchPDF
Abridged model30/09/200916/02/201004/03/2010DutchPDF
Full model30/09/200830/03/200928/04/2009DutchPDF
Abridged model30/09/200728/03/200824/04/2008DutchPDF
Abridged model30/09/200602/03/200716/04/2007DutchPDF

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

3 active · 48 ended

Active mandates

ASL GROUP

Director · 0757.684.420

Represented by Tony Beeuwsaert

Active
Elite Group

Managing director · 0632.824.634

Represented by Philippe Bodson

Active
JOHAN MAERTENS

Director · 0699.572.611

Represented by Johan Maertens

Active

Ended mandates

JOHAN MAERTENS

Director · since 04 juillet 2022 · until 16 mai 2028 · 0699.572.611

Represented by Johan MAERTENS

Ended
JOHAN MAERTENS

Director · since 04 juillet 2022 · until 21 mai 2028 · 0699.572.611

Represented by Johan Maertens

Ended
CLIMAX Aviation

Director · since 14 juin 2021 · until 19 mai 2026 · 0766.919.711

Represented by Wauters MAXIME

Ended
ASL GROUP

Director · since 23 février 2021 · until 19 mai 2026 · 0757.684.420

Represented by Tony Beeuwsaert

Ended

Ownership and network

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Try for free

Belgian Official Gazette publications

Source · Belgian Official Gazette
  • Capital / shares21/11/2023
    STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …) - KAPITAAL - AANDELEN
    PDF
  • Mandates11/08/2022
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates26/10/2021
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates16/03/2021
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Other13/09/2019
    DOEL
    PDF
  • Mandates06/04/2018
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates06/11/2015
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates23/10/2014
    DOEL - KAPITAAL - AANDELEN - ONTSLAGEN - BENOEMINGEN - ALGEMENE VERGADERING - BOEKJAAR - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …)
    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 2025276 k €↓
  2. 2024
    Annual accounts 20241 M €↓
  3. 2023
    Annual accounts 20231,2 M €↓
  4. 2022
    Annual accounts 20221,7 M €↓
  5. 2021
    Annual accounts 20211,8 M €↑
  6. 2018
    Annual accounts 20181,4 M €↑
  7. 2017
    Annual accounts 2017455,3 k €↓
  8. 2016
    Annual accounts 20162,1 M €↑
  9. 2015
    Annual accounts 2015-4,4 k €↓
  10. 2014
    Annual accounts 20141,4 M €↑
  11. 2013
    Annual accounts 2013262,5 k €↑
  12. 2012
    Annual accounts 2012209 k €↓
  13. 2011
    Annual accounts 2011209,7 k €↑
  14. 2010
    Annual accounts 2010102,7 k €↓
  15. 2009
    Annual accounts 2009136,6 k €↑
  16. 2008
    Annual accounts 200876 k €↑
  17. 2007
    Annual accounts 20075,5 k €↑
  18. 2006
    Annual accounts 2006-31,6 k €
  19. 21/11/1997
    IncorporationPublic limited company