ACTIVE

THE AVIATION FACTORY

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Financial year 2025 · Closed on 31/12/2025

Net result480,7 k €+524,1 %over 1 year

Revenue37,6 M €-5,1 %over 1 year

Equity1,7 M €+16,0 %over 1 year

Workforce6,8 ETP+6,2 %over 1 year

Identity

Source · BCE/KBO

THE AVIATION FACTORY is a Private limited company incorporated in 2000. Its main activity is: Passenger air transport. Its registered office is in Antwerpen. It employs on average 6,8 ETP workers (FTE).

Legal situation: Normal situation
BCE/KBO no. / VAT: BE 0472.510.556
Incorporation: 28/07/2000
Legal form: Private limited company
Registered office: Luchthavenlei 1 box 71
2100 Antwerpen · FlandreSee on map
Contributed capital: 20 080,00 €
Latest accounts: 31/12/2025
Average workforce: 6,8 ETP

Activities (NACE)

51100Passenger air transport· main 51100Passenger air transport 62200Computer programming, consultancy and related activities 71230Technical testing and analysis 77350Rental and leasing of air transport equipment 77350Rental and leasing of air transport equipment

Joint committees (3)

Signals

ProfitableLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debtsHigh revenue

Financials

Source · NBB, 21 filings

Trend over 20 financial years

	2025		2024		2023		2022		2021
Income statement
Revenue	37,6 M €	-5.1%	39,6 M €	+0.1%	39,5 M €	-9.6%	43,8 M €	+80.2%	24,3 M €
EBITDA	795,3 k €	+274%	212,6 k €	-81.3%	1,1 M €	-11.6%	1,3 M €	+208%	417,2 k €
Operating result	699,2 k €	+423%	133,8 k €	-87.4%	1,1 M €	-12.7%	1,2 M €	+224%	374,3 k €
Net result	480,7 k €	+524%	77 k €	-89.5%	734,8 k €	-20.3%	921,9 k €	+187%	321,2 k €
Balance sheet
Equity	1,7 M €	+16.0%	1,5 M €	0.0%	1,5 M €	+48.5%	1 M €	+6.8%	936,3 k €
Total assets	7 M €	-23.3%	9,1 M €	+25.0%	7,3 M €	+20.1%	6 M €	+9.9%	5,5 M €
Cash	695,5 k €	-42.7%	1,2 M €	+74.2%	696,9 k €	+29.1%	539,8 k €	+159%	208,2 k €
Debts	596,6 k €	+51.5%	393,9 k €	-79.3%	1,9 M €	+8.6%	1,8 M €	+224%	541,9 k €
Other
Workforce	6,8 ETP	+6.2%	6,4 ETP	+8.5%	5,9 ETP	+28.3%	4,6 ETP	+35.3%	3,4 ETP

Valuation

Indicative valuation

As an indication, this company is worth

between 2,5 M€ and 5 M€

See the valuation

Board of directors

Source · NBB, accounts to 31/12/2025

2 active · 4 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Karl Legein	Directorsince 17/07/2000Manager17/07/2000 → 2016 accountsended
Thourist0652.901.456Represented by Thomas VAN MEERBEECK	Director

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Thomas Van Meerbeeck	Director28/03/2018 → 2020 accountsManager28/03/2018 → 2018 accounts
MATEJ0808.886.364Represented by Benoit Duvivier	Manager01/01/2009 → 2014 accounts

Other companies at this address

Luchthavenlei 1 2100 Antwerpen

Company	CBE no.
AIRLINE CARS BELGIUM● Active	0459.174.442
AIRPORT TAXI● Bankrupt	0464.316.432
ANTWERP AVIATION CONSULTING● Active	0887.351.149
ANTWERP SKYPARK● Active	0828.949.825
BELAIR DEURNE● Bankrupt	0808.061.171
Ben - Air Flight Academy● Bankrupt	0420.916.553
FINSERVE RENT● Active	0871.900.633
FLYING PARTNERS● Active	0445.393.811
FLYING SERVICE● Active	0424.612.055
IMAGINE FLYING EUROPE● Active	1005.323.836
Important People Driving● Active	1001.676.933
Jetrent● Active	0889.958.172
JEUGD EN LUCHTVAART● Active	0417.755.838
MUNERIS SERVICES● Active	0739.623.713
RAAC in perpetuum● Active	1043.887.274
RAYMOND'S AIRCRAFT RESTORATION● Active	0880.587.378
RENDIR● Bankrupt	0838.870.450
R&M HOLDING● Active	0685.445.847
Royal Antwerp Aviation Club● Active	0406.639.044
SKYWINGS FLIGHT TRAINING● Active	0673.567.307

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	06/07/2026	25/08/2025	03/08/2024	21/08/2023	28/06/2022	30/09/2021
General meeting	29/06/2026	21/08/2025	24/06/2024	26/06/2023	27/06/2022	28/06/2021
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, 21 filings

Model	Closing	General meeting	Filed	Language	Document
Full model	31/12/2025	29/06/2026	06/07/2026	Dutch	PDF
Full model	31/12/2024	21/08/2025	25/08/2025	Dutch	PDF
Full model	31/12/2023	24/06/2024	03/08/2024	Dutch	PDF
Full model	31/12/2022	26/06/2023	21/08/2023	Dutch	PDF
Full model	31/12/2021	27/06/2022	28/06/2022	Dutch	PDF
Full model	31/12/2020	28/06/2021	30/09/2021	Dutch	PDF
Full model	31/12/2019	29/06/2020	04/11/2020	Dutch	PDF
Full model	31/12/2018	24/06/2019	25/09/2019	Dutch	PDF
Full model	31/12/2017	25/06/2018	28/09/2018	Dutch	PDF
Full modelCorrection	31/12/2016	26/06/2017	27/02/2018	Dutch	PDF
Full model	31/12/2016	26/06/2017	31/08/2017	Dutch	PDF
Abridged model	31/12/2015	27/06/2016	21/09/2016	Dutch	PDF
Abridged model	31/12/2014	29/06/2015	30/09/2015	Dutch	PDF
Abridged model	31/12/2013	30/06/2014	16/10/2014	Dutch	PDF
Abridged model	31/12/2012	24/06/2013	26/09/2013	Dutch	PDF
Abridged model	31/12/2011	25/06/2012	28/08/2012	Dutch	PDF
Abridged model	31/12/2010	27/06/2011	12/09/2011	Dutch	PDF
Abridged model	31/12/2009	28/06/2010	15/07/2010	Dutch	PDF
Abridged model	31/12/2008	29/06/2009	02/07/2009	Dutch	PDF
Abridged model	31/12/2007	30/06/2008	29/08/2008	Dutch	PDF
Abridged model	31/12/2006	25/06/2007	28/08/2007	Dutch	PDF

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 2,5 M€ and 5 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 · 4 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Karl Legein	Directorsince 17/07/2000Manager17/07/2000 → 2016 accountsended
Thourist0652.901.456Represented by Thomas VAN MEERBEECK	Director

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Thomas Van Meerbeeck	Director28/03/2018 → 2020 accountsManager28/03/2018 → 2018 accounts
MATEJ0808.886.364Represented by Benoit Duvivier	Manager01/01/2009 → 2014 accounts

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette

Mandates22/10/2024
ONTSLAGEN - BENOEMINGEN
PDF
Mandates18/01/2024
WIJZIGING RECHTSVORM - BENAMING - ONTSLAGEN - BENOEMINGEN
PDF
Mandates01/03/2023
ONTSLAGEN - BENOEMINGEN
PDF
Mandates17/03/2021
ONTSLAGEN - BENOEMINGEN
PDF
Mandates15/06/2018
ONTSLAGEN - BENOEMINGEN
PDF
Registered office03/05/2010
Wijziging maatschappelijke zetel
PDF
Mandates04/03/2009
ONTSLAGEN - BENOEMINGEN
PDF
Mandates17/11/2005
ONTSLAGEN - BENOEMINGEN
PDF

Similar companies

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

See the Business plan

Timeline

Source · CBE, NBB annual accounts

Year

Identity

Incorporation

Name

Registered office

Annual accounts

Filings20 filings

Mandates

Karl Legein

Thourist

Thomas Van Meerbeeck

MATEJ

Coolmace

Ann Louis

200020012002200320042005200620072008200920102011201220132014201520162017201820192020202120222023202420252026

THE AVIATION FACTORY

Luchthavenlei 1 bte 71, 2100 Deurne (Antwerp)Luchthavenlei / 1 71, 2100 Deurne (Antwerp)Luchthavenlei 1 bte 71, 2100 Deurne (Antwerp)

DirectorManager

Director

Manager

CurrentPlanned, not yet servedEndedAccounts filedToday

Registered offices

Source · NBB annual accounts, CBE

Registered address	Period	Source
Luchthavenlei 1 bte 71, 2100 Deurne (Antwerp)Current	accounts 2025	Accounts 2025 · 2026-00254163
Luchthavenlei / 1 71, 2100 Deurne (Antwerp)	accounts 2023 → 2024	Accounts 2024 · 2025-00396439
Luchthavenlei 1 bte 71, 2100 Deurne (Antwerp)	accounts 2021 → 2022	Accounts 2022 · 2023-00337407

Company names

Source · NBB annual accounts, CBE

Name	Period	Source
THE AVIATION FACTORYCurrent	accounts 2021 → 2025	Accounts 2025 · 2026-00254163

Events

2025
Annual accounts 2025480,7 k €↑
2024
Annual accounts 202477 k €↓
2023
Annual accounts 2023734,8 k €↓
2022
Annual accounts 2022921,9 k €↑
2021
Annual accounts 2021321,2 k €↑
2020
Annual accounts 2020-63,7 k €↓
2019
Annual accounts 201969,8 k €↓
2018
Annual accounts 2018132,7 k €↓
2017
Annual accounts 2017272,5 k €↑
2016
Annual accounts 2016117,5 k €↓
2015
Annual accounts 2015561,4 k €↑
2014
Annual accounts 2014375,5 k €↑
2013
Annual accounts 2013141,1 k €↓
2012
Annual accounts 2012141,6 k €↓
2011
Annual accounts 2011161,6 k €↑
2010
Annual accounts 2010147,7 k €↑
2009
Annual accounts 200980,9 k €↑
2008
Annual accounts 200869,7 k €↑
2007
Annual accounts 200760,8 k €↑
2006
Annual accounts 200628,4 k €
28/07/2000
IncorporationPrivate limited company

THE AVIATION FACTORY

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

Registered offices

Company names

Events