ACTIVE

THE AVIATION FACTORY

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Financial year 2024 · closed on 31/12/2024

Net result

77 k €

-89.5% YoY

Revenue

39,6 M €

+0.1% YoY

Equity

1,5 M €

0.0% YoY

Workforce

6,4 ETP

+8.5% YoY

What does THE AVIATION FACTORY do?

THE AVIATION FACTORY is a Private limited company incorporated in 2000. Its registered office is in Antwerpen. It employs on average 6,4 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

31/12/2024

Average workforce

6,4 ETP

Joint committees (3)

Signals

ProfitableLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debtsHigh revenue

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Health score

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✦ Verdict · Analyst summary

Financials

Trend over 19 financial years

	2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Revenue	39,6 M €	+0.1%	39,5 M €	-9.6%	43,8 M €	+80.2%	24,3 M €	+71.1%	14,2 M €	-38.6%	23,1 M €	+10.4%	20,9 M €	-37.6%	33,6 M €	+42.4%	23,6 M €	+12.9%	20,9 M €	-1.1%	21,1 M €	+27.7%	16,5 M €	+15.0%	14,4 M €	+14.6%	12,6 M €	+13.4%	11,1 M €		–		–		–		–
EBITDA	212,6 k €	-81.3%	1,1 M €	-11.6%	1,3 M €	+208%	417,2 k €	+1261%	30,7 k €	-85.6%	213,5 k €	+64.7%	129,6 k €	-72.9%	478,2 k €	+82.4%	262,3 k €	-68.0%	819,1 k €	+37.7%	595 k €	+124%	266,1 k €	+2.6%	259,4 k €	+1.2%	256,3 k €	+4.6%	245,1 k €	+139%	102,7 k €	-20.6%	129,4 k €	-1.3%	131,1 k €	+82.2%	71,9 k €
Operating result	133,8 k €	-87.4%	1,1 M €	-12.7%	1,2 M €	+224%	374,3 k €	+1731%	-22,9 k €	-115%	155,2 k €	+123%	69,7 k €	-83.1%	412,2 k €	+96.7%	209,6 k €	-73.1%	780,2 k €	+39.7%	558,7 k €	+139%	233,3 k €	-0.8%	235,2 k €	-0.6%	236,6 k €	+3.4%	228,8 k €	+144%	93,9 k €	-16.6%	112,6 k €	+7.9%	104,4 k €	+124%	46,7 k €
Net result	77 k €	-89.5%	734,8 k €	-20.3%	921,9 k €	+187%	321,2 k €	+604%	-63,7 k €	-191%	69,8 k €	-47.4%	132,7 k €	-51.3%	272,5 k €	+132%	117,5 k €	-79.1%	561,4 k €	+49.5%	375,5 k €	+166%	141,1 k €	-0.3%	141,6 k €	-12.4%	161,6 k €	+9.4%	147,7 k €	+82.6%	80,9 k €	+16.0%	69,7 k €	+14.6%	60,8 k €	+114%	28,4 k €
Balance sheet
Equity	1,5 M €	0.0%	1,5 M €	+48.5%	1 M €	+6.8%	936,3 k €	0.0%	936,3 k €	-6.4%	1 M €	0.0%	1 M €	0.0%	1 M €	0.0%	1 M €	0.0%	1 M €	+42.9%	700 k €	+40.0%	500 k €	+25.0%	400 k €	+33.3%	300 k €	+50.0%	200 k €	+21.2%	165 k €	+10.0%	150 k €	+26.8%	118,3 k €	+106%	57,5 k €
Total assets	9,1 M €	+25.0%	7,3 M €	+20.1%	6 M €	+9.9%	5,5 M €	+131%	2,4 M €	-62.1%	6,3 M €	-15.8%	7,4 M €	-30.5%	10,7 M €	+67.2%	6,4 M €	-2.9%	6,6 M €	-22.3%	8,5 M €	-14.9%	10 M €	+77.2%	5,6 M €	+37.5%	4,1 M €	+8.0%	3,8 M €	+37.0%	2,8 M €	+18.7%	2,3 M €	-39.8%	3,9 M €	+12.0%	3,5 M €
Cash	1,2 M €	+74.2%	696,9 k €	+29.1%	539,8 k €	+159%	208,2 k €	+139%	87,2 k €	+82.5%	47,8 k €	+330%	11,1 k €	-95.0%	223 k €	+143%	91,6 k €	-84.9%	606,1 k €	+51.5%	400,1 k €	+190%	138,1 k €	-31.9%	202,9 k €	-68.7%	647,7 k €	-21.5%	824,7 k €	+231%	249,3 k €	+663%	32,7 k €	-31.4%	47,6 k €	-72.5%	173 k €
Debts	393,9 k €	-79.3%	1,9 M €	+8.6%	1,8 M €	+224%	541,9 k €	+49.6%	362,3 k €	-47.5%	690,6 k €	-8.0%	750,8 k €	-87.5%	6 M €	+458%	1,1 M €	+13.6%	950,1 k €	+35.1%	703,1 k €	+7.9%	651,9 k €	+123%	291,8 k €	-47.7%	558,5 k €	+75.3%	318,7 k €	+126%	141,2 k €	-22.6%	182,5 k €	-63.1%	494,2 k €	+1.5%	486,8 k €
Other
Workforce	6,4 ETP	+8.5%	5,9 ETP	+28.3%	4,6 ETP	+35.3%	3,4 ETP	-15.0%	4,0 ETP	-11.1%	4,5 ETP	-22.4%	5,8 ETP	+41.5%	4,1 ETP	-25.5%	5,5 ETP	+41.0%	3,9 ETP	+25.8%	3,1 ETP	+10.7%	2,8 ETP	-3.4%	2,9 ETP	+61.1%	1,8 ETP	+12.5%	1,6 ETP	+433%	0,3 ETP	-82.4%	1,7 ETP	-22.7%	2,2 ETP	+10.0%	2,0 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 2,5 M€ and 5 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2024 · 2 active · 13 ended

Active mandates

Karl Legein

Director · since 17 juillet 2000

Active

Thourist

Director · 0652.901.456

Represented by Thomas VAN MEERBEECK

Active

Ended mandates

Thomas Van Meerbeeck

Director · since 28 mars 2018

Ended

Thomas Van Meerbeeck

Manager · since 28 mars 2018

Ended

MATEJ

Manager · since 01 janvier 2009 · 0808.886.364

Represented by Benoit Duvivier

Ended

MATEJ

Manager · since 01 janvier 2009 · 0808.886.364

Represented by Benoit Duvivier

Ended

At this address

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FINSERVE RENT● Active	0871.900.633
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IMAGINE FLYING EUROPE● Active	1005.323.836
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Jetrent● Active	0889.958.172
JEUGD EN LUCHTVAART● Active	0417.755.838
MUNERIS SERVICES● Active	0739.623.713
RAD LAB● Active	0792.371.521
RAYMOND'S AIRCRAFT RESTORATION● Active	0880.587.378
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R&M HOLDING● Active	0685.445.847
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Annual accounts

Full financial information

	2024	2023	2022	2021	2020	2019
Type of account	Full model	Full model	Full model	Full model	Full model	Full model
Start of the financial year	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020	01/01/2019
Closing of the financial year	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020	31/12/2019
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	25/08/2025	03/08/2024	21/08/2023	28/06/2022	30/09/2021	04/11/2020
General meeting	21/08/2025	24/06/2024	26/06/2023	27/06/2022	28/06/2021	29/06/2020
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

20 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
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

Estimate

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.

Governance

Board of directors

Seen on filing of 31/12/2024 · 2 active · 13 ended

Active mandates

Karl Legein

Director · since 17 juillet 2000

Active

Thourist

Director · 0652.901.456

Represented by Thomas VAN MEERBEECK

Active

Ended mandates

Thomas Van Meerbeeck

Director · since 28 mars 2018

Ended

Thomas Van Meerbeeck

Manager · since 28 mars 2018

Ended

MATEJ

Manager · since 01 janvier 2009 · 0808.886.364

Represented by Benoit Duvivier

Ended

MATEJ

Manager · since 01 janvier 2009 · 0808.886.364

Represented by Benoit Duvivier

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

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

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

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

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

THE AVIATION FACTORY

Overview

What does THE AVIATION FACTORY 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