ACTIVE

AIR LOGISTICS

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Financial year 2025 · closed on 31/12/2025

Net result

197 k €

+292.0% YoY

Gross margin

898,1 k €

+22.5% YoY

Equity

2,8 M €

+7.5% YoY

Workforce

6,8 ETP

+6.2% YoY

What does AIR LOGISTICS do?

AIR LOGISTICS is a Private limited company incorporated in 2002. Its main activity is: Service activities incidental to air transportation. Its registered office is in Machelen (Brab.). It employs on average 6,8 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0478.299.278

Incorporation

11/09/2002

Legal form

Private limited company

Registered office

Bedrijvenzone Machelen-Cargo 706 box 3
1830 Machelen (Brab.) · FlandreSee on map

Contributed capital

18 600,00 €

Latest accounts

31/12/2025

Average workforce

6,8 ETP

Activities (NACE)

52230Service activities incidental to air transportation· main 52230Service activities incidental to air transportation 52250Support activities for transportation 52290Other transportation support activities 63230Information service activities 63402Information service activities

Joint committees (2)

226
2260

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

View the BCE/KBO Public Search record →

Health score

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✦ Verdict · Analyst summary

Financials

Trend over 20 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	898,1 k €	+22.5%	733,2 k €		–		1,3 M €	-8.3%	1,4 M €	+30.3%	1,1 M €	+82.4%	608,3 k €	-20.4%	764,3 k €	+6.4%	718,5 k €	-34.8%	1,1 M €		–		–		–		–		–		–		–		398,5 k €	+35.6%	293,8 k €	+371%	62,4 k €
EBITDA	222,4 k €	+276%	59,2 k €	-82.8%	344,2 k €	-49.8%	685,8 k €	-15.7%	813,5 k €	+30.1%	625,5 k €	+330%	145,4 k €	-12.3%	165,7 k €	+35.0%	122,8 k €	-63.7%	338,4 k €	+7.2%	315,6 k €	+36.0%	232 k €	+132%	100 k €	+789%	11,2 k €	-88.9%	101,1 k €	-70.8%	346,5 k €	+597%	49,7 k €	-58.5%	119,7 k €	-27.0%	164,1 k €	+395%	-55,6 k €
Operating result	220,1 k €	+377%	46,2 k €	-85.1%	309,7 k €	-54.5%	680 k €	-20.5%	855 k €	+37.6%	621,4 k €	+336%	142,7 k €	-12.1%	162,4 k €	+35.9%	119,5 k €	-69.4%	390,8 k €	+5.2%	371,4 k €	+66.9%	222,4 k €	+275%	59,3 k €	+206%	-55,9 k €	-298%	28,2 k €	-91.6%	334,2 k €	+782%	37,9 k €	-64.8%	107,7 k €	-30.5%	155 k €	+356%	-60,4 k €
Net result	197 k €	+292%	50,3 k €	-81.3%	269,1 k €	-39.5%	444,8 k €	-20.3%	558,1 k €	+21.1%	460,7 k €	+540%	72 k €	-14.4%	84,2 k €	+36.3%	61,7 k €	-74.8%	245,4 k €	+10.9%	221,2 k €	+56.9%	141 k €	+143%	58 k €	+182%	-70,4 k €	-473%	18,9 k €	-91.2%	215 k €	+928%	20,9 k €	-71.5%	73,2 k €	-41.2%	124,5 k €	+300%	-62,1 k €
Balance sheet
Equity	2,8 M €	+7.5%	2,6 M €	+2.0%	2,6 M €	+11.7%	2,3 M €	+24.0%	1,9 M €	+43.1%	1,3 M €	+55.3%	833,7 k €	+9.5%	761,7 k €	+12.4%	677,5 k €	+10.0%	615,8 k €	+66.3%	370,3 k €	+148%	149,1 k €	+1748%	8,1 k €	+116%	-50 k €	-344%	20,5 k €	0.0%	20,5 k €	0.0%	20,5 k €	0.0%	20,5 k €	+0.3%	20,4 k €	+129%	-70 k €
Total assets	4,3 M €	-10.4%	4,8 M €	+8.7%	4,4 M €	-15.7%	5,2 M €	+11.1%	4,7 M €	+36.7%	3,4 M €	+119%	1,6 M €	-31.6%	2,3 M €	-16.0%	2,7 M €	+16.8%	2,3 M €	+30.1%	1,8 M €	+62.1%	1,1 M €	+78.3%	622,2 k €	-31.7%	910,5 k €	-34.2%	1,4 M €	+34.9%	1 M €	+227%	313,3 k €	-43.1%	550,8 k €	-57.5%	1,3 M €	+160%	497,5 k €
Cash	399,1 k €	-4.7%	418,9 k €	+397%	84,3 k €	-86.8%	640,3 k €	+18988%	3,4 k €	-13.5%	3,9 k €	-85.1%	26,1 k €	+62.7%	16,1 k €	-92.6%	215,5 k €	-55.6%	485,9 k €	+272%	130,5 k €	-38.5%	212,4 k €	+799%	23,6 k €	-87.4%	188,2 k €	+5.0%	179,3 k €	+1812%	9,4 k €	-92.9%	132,7 k €	+76.0%	75,4 k €	-62.4%	200,5 k €	+216%	63,5 k €
Debts	1,4 M €	-36.8%	2,2 M €	+18.1%	1,8 M €	-33.6%	2,8 M €	+0.4%	2,8 M €	+29.3%	2,1 M €	+189%	736,9 k €	-52.0%	1,5 M €	-25.3%	2,1 M €	+19.2%	1,7 M €	+20.7%	1,4 M €	+48.7%	960,4 k €	+56.4%	614,1 k €	-36.1%	960,4 k €	-29.5%	1,4 M €	+35.7%	1 M €	+243%	292,9 k €	-44.8%	530,3 k €	-58.4%	1,3 M €	+125%	567,6 k €
Other
Workforce	6,8 ETP	+6.2%	6,4 ETP	-4.5%	6,7 ETP	+3.1%	6,5 ETP	+3.2%	6,3 ETP	+14.5%	5,5 ETP	0.0%	5,5 ETP	-26.7%	7,5 ETP	-2.6%	7,7 ETP	-1.3%	7,8 ETP	-4.9%	8,2 ETP	+3.8%	7,9 ETP	+11.3%	7,1 ETP	+7.6%	6,6 ETP	0.0%	6,6 ETP	+15.8%	5,7 ETP	+23.9%	4,6 ETP	-4.2%	4,8 ETP	+84.6%	2,6 ETP	0.0%	2,6 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 1 M€ and 2,5 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 2 ended

Active mandates

Vikram Singh

Director · since 02 août 2018

Active

Ended mandates

Pierre Brunet

Manager · since 24 mars 2006

Ended

Pierre Brunet

Manager

Ended

At this address

Other companies at this address

Company	CBE no.
Air Cargo Belgium● Active	0652.710.822
CARGOBASE● Active	0823.834.163
CARGO-PARTNER● Active	0887.434.390
Euro Cargo Aviation● Active	0656.596.166
FRACHT BELGIUM AIR● Active	0720.755.332
I.F.A. - INTERNATIONAL FREIGHT AGENCY● Active	0422.386.302
JAN DE RIJK RETAIL BELGIUM● Active	0455.357.788
KC INTERNATIONAL BELGIUM● Active	0809.149.056
Pharma.Aero● Active	0713.519.726
VeriPark Europe● Active	0666.738.804

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Abridged model	Full model	Abridged model	Abridged model	Abridged 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	30/07/2026	31/07/2025	30/07/2024	31/07/2023	29/07/2022	29/07/2021
General meeting	30/06/2026	30/06/2025	20/06/2024	15/06/2023	16/06/2022	17/06/2021
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

20 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	30/06/2026	30/07/2026	Dutch	PDF
Abridged model	31/12/2024	30/06/2025	31/07/2025	Dutch	PDF
Full model	31/12/2023	20/06/2024	30/07/2024	Dutch	PDF
Abridged model	31/12/2022	15/06/2023	31/07/2023	Dutch	PDF
Abridged model	31/12/2021	16/06/2022	29/07/2022	Dutch	PDF
Abridged model	31/12/2020	17/06/2021	29/07/2021	Dutch	PDF
Abridged model	31/12/2019	18/06/2020	31/07/2020	Dutch	PDF
Abridged model	31/12/2018	20/06/2019	31/07/2019	Dutch	PDF
Abridged model	31/12/2017	21/06/2018	10/08/2018	Dutch	PDF
Abridged model	31/12/2016	15/06/2017	31/08/2017	Dutch	PDF
Full model	31/12/2015	16/06/2016	31/08/2016	Dutch	PDF
Full model	31/12/2014	21/09/2015	14/01/2016	Dutch	PDF
Full model	31/12/2013	15/09/2014	06/10/2014	Dutch	PDF
Full model	31/12/2012	20/06/2013	10/10/2013	Dutch	PDF
Full model	31/12/2011	21/06/2012	23/10/2012	Dutch	PDF
Full model	31/12/2010	16/06/2011	24/11/2011	Dutch	PDF
Full model	31/12/2009	17/06/2010	31/08/2010	Dutch	PDF
Abridged model	31/12/2008	30/06/2009	23/07/2009	Dutch	PDF
Abridged model	31/12/2007	30/06/2008	13/08/2008	Dutch	PDF
Abridged model	31/12/2006	30/06/2007	27/07/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 1 M€ and 2,5 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 31/12/2025 · 1 active · 2 ended

Active mandates

Vikram Singh

Director · since 02 août 2018

Active

Ended mandates

Pierre Brunet

Manager · since 24 mars 2006

Ended

Pierre Brunet

Manager

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates05/07/2024
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM - ONTSLAGEN - BENOEMINGEN
PDF
Mandates15/07/2019
ONTSLAGEN - BENOEMINGEN
PDF
Mandates27/12/2016
MAATSCHAPPELIJKE ZETEL - ONTSLAGEN - BENOEMINGEN
PDF
Mandates27/02/2014
ONTSLAGEN - BENOEMINGEN
PDF
Mandates01/03/2012
ONTSLAGEN - BENOEMINGEN
PDF
Mandates14/10/2011
ONTSLAGEN - BENOEMINGEN
PDF
Registered office04/01/2011
MAATSCHAPPELIJKE ZETEL
PDF
Mandates21/06/2007
MAATSCHAPPELIJKE ZETEL - 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 2025197 k €↑
2024
Annual accounts 202450,3 k €↓
2023
Annual accounts 2023269,1 k €↓
2022
Annual accounts 2022444,8 k €↓
2021
Annual accounts 2021558,1 k €↑
2020
Annual accounts 2020460,7 k €↑
2019
Annual accounts 201972 k €↓
2018
Annual accounts 201884,2 k €↑
2017
Annual accounts 201761,7 k €↓
2016
Annual accounts 2016245,4 k €↑
2015
Annual accounts 2015221,2 k €↑
2014
Annual accounts 2014141 k €↑
2013
Annual accounts 201358 k €↑
2012
Annual accounts 2012-70,4 k €↓
2011
Annual accounts 201118,9 k €↓
2010
Annual accounts 2010215 k €↑
2009
Annual accounts 200920,9 k €↓
2008
Annual accounts 200873,2 k €↓
2007
Annual accounts 2007124,5 k €↑
2006
Annual accounts 2006-62,1 k €
11/09/2002
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

AIR LOGISTICS

Overview

What does AIR LOGISTICS do?

Trend over 20 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