NORMAL SITUATION

VT AVIATION SERVICES

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Financial year 2024 · closed on 31/12/2024

Net result

54,7 k €

-7.5% YoY

Gross margin

93,7 k €

+21.4% YoY

Equity

139,5 k €

+64.4% YoY

Company — Normal situation.

What does VT AVIATION SERVICES do?

VT AVIATION SERVICES is a company registered in Belgium.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0478.472.096

Legal form

Private limited company

Contributed capital

125 000,00 €

Latest accounts

31/12/2024

Signals

ProfitableSolid equityGood liquidityPositive cashflowPositive EBITDA

View the BCE/KBO Public Search record →

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
Gross margin	93,7 k €	+21.4%	77,2 k €	+55.8%	49,5 k €	-11.1%	55,7 k €	-59.5%	137,4 k €	+264%	37,7 k €	-66.2%	111,6 k €	+4398%	-2,6 k €	+78.2%	-11,9 k €	-217%	10,2 k €	+277%	-5,8 k €	-1097%	-482,5 €	-105%	9,4 k €	+95.0%	4,8 k €	+128%	-17,5 k €	-196%	-5,9 k €	+34.7%	-9,1 k €	+35.0%	-13,9 k €	-244%	-4,1 k €
EBITDA	91,8 k €	+22.5%	75 k €	+55.6%	48,2 k €	+4.6%	46 k €	-66.3%	136,5 k €	+271%	36,8 k €	-66.5%	110,1 k €	+3763%	-3 k €	+75.7%	-12,4 k €	-226%	9,8 k €	+259%	-6,2 k €	-593%	-892 €	-110%	9 k €	+104%	4,4 k €	+125%	-17,8 k €	-182%	-6,3 k €	+33.2%	-9,5 k €	+34.0%	-14,4 k €	-223%	-4,4 k €
Operating result	75,9 k €	+17.7%	64,5 k €	+53.3%	42,1 k €	+19.0%	35,4 k €	-72.0%	126,2 k €	+328%	29,5 k €	-71.4%	103,3 k €	+1153%	-9,8 k €	+49.6%	-19,5 k €	-502%	4,8 k €	+145%	-10,7 k €	+65.6%	-31,2 k €	-46.5%	-21,3 k €	+22.3%	-27,4 k €	+42.1%	-47,4 k €	-37.0%	-34,6 k €	+13.3%	-39,9 k €	+11.3%	-44,9 k €	-34.1%	-33,5 k €
Net result	54,7 k €	-7.5%	59,1 k €	+61.8%	36,5 k €	+4.1%	35,1 k €	-72.2%	126,1 k €	+339%	28,8 k €	-71.9%	102,2 k €	+1128%	-9,9 k €	+49.2%	-19,6 k €	-623%	3,7 k €	+134%	-10,9 k €	+65.5%	-31,5 k €	-46.7%	-21,5 k €	+22.0%	-27,5 k €	+42.2%	-47,6 k €	-33.3%	-35,7 k €	+14.1%	-41,5 k €	+13.2%	-47,8 k €	-25.0%	-38,3 k €
Balance sheet
Equity	139,5 k €	+64.4%	84,9 k €	+229%	25,8 k €	+341%	-10,7 k €	+76.6%	-45,8 k €	+73.4%	-171,9 k €	+14.3%	-200,6 k €	+33.8%	-302,9 k €	-3.4%	-292,9 k €	-7.2%	-273,3 k €	+1.4%	-277,1 k €	-4.1%	-266,2 k €	-13.4%	-234,8 k €	-10.1%	-213,3 k €	-14.8%	-185,8 k €	-34.4%	-138,2 k €	-34.8%	-102,5 k €	-68.1%	-61 k €	-364%	-13,1 k €
Total assets	294,8 k €	+42.3%	207,1 k €	-24.5%	274,2 k €	+55.6%	176,3 k €	-19.7%	219,4 k €	+103%	108,2 k €	-8.1%	117,7 k €	+158%	45,6 k €	+3.8%	44 k €	+0.7%	43,6 k €	+33.9%	32,6 k €	-31.8%	47,8 k €	-34.4%	72,8 k €	-26.9%	99,6 k €	-5.6%	105,4 k €	-9.1%	116 k €	-23.6%	151,9 k €	-15.4%	179,5 k €	-12.8%	205,8 k €
Cash	233,7 k €	+110%	111,4 k €	-10.8%	125 k €	-14.8%	146,7 k €	+94.4%	75,5 k €	+55.9%	48,4 k €	+79.5%	27 k €	+303%	6,7 k €	+92.8%	3,5 k €	-69.2%	11,3 k €	+169%	4,2 k €	-75.7%	17,2 k €	+92.4%	8,9 k €	-15.9%	10,6 k €	+119%	4,9 k €	+22.4%	4 k €	-12.8%	4,5 k €	-12.6%	5,2 k €	-68.4%	16,5 k €
Debts	155,3 k €	+32.6%	117,2 k €	-51.8%	243,2 k €	+30.3%	186,7 k €	-29.6%	265,2 k €	-5.3%	280,1 k €	-12.0%	318,4 k €	-8.6%	348,5 k €	+3.4%	336,9 k €	+6.3%	317 k €	+2.4%	309,7 k €	-1.4%	314 k €	+2.1%	307,6 k €	-1.7%	312,9 k €	+7.4%	291,2 k €	+14.5%	254,3 k €	-0.1%	254,4 k €	+5.8%	240,4 k €	+9.9%	218,6 k €

Governance

Board of directors

Seen on filing of 31/12/2024 · 1 active · 6 ended

Active mandates

Veerle Vrancken

Director

Active

Ended mandates

Hubertus Spaepen

Manager · since 01 octobre 2011

Ended

Hubertus Spaepen

Director

Ended

Hubertus Spaepen

Manager

Ended

Paul Thomassen

Manager · until 30 juin 2009

Ended

Annual accounts

Full financial information

	2024	2023	2022	2021	2020	2019
Type of account	Micro model	Micro model	Micro model	Micro model	Micro model	Micro 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	29/07/2025	02/09/2024	28/07/2023	29/08/2022	05/08/2021	29/09/2020
General meeting	20/06/2025	21/06/2024	16/06/2023	17/06/2022	18/06/2021	04/09/2020
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

22 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Micro model	31/12/2024	20/06/2025	29/07/2025	Dutch	PDF
Micro model	31/12/2023	21/06/2024	02/09/2024	Dutch	PDF
Micro model	31/12/2022	16/06/2023	28/07/2023	Dutch	PDF
Micro model	31/12/2021	17/06/2022	29/08/2022	Dutch	PDF
Micro model	31/12/2020	18/06/2021	05/08/2021	Dutch	PDF
Micro model	31/12/2019	04/09/2020	29/09/2020	Dutch	PDF
Micro model	31/12/2018	21/06/2019	25/06/2019	Dutch	PDF
Micro model	31/12/2017	15/06/2018	02/07/2018	Dutch	PDF
Micro model	31/12/2016	30/06/2017	26/07/2017	Dutch	PDF
Abridged model	31/12/2015	17/06/2016	04/07/2016	Dutch	PDF
Abridged model	31/12/2014	30/06/2015	20/08/2015	Dutch	PDF
Abridged model	31/12/2013	20/06/2014	18/08/2014	Dutch	PDF
Abridged model	31/12/2012	21/06/2013	22/08/2013	Dutch	PDF
Abridged model	31/12/2011	15/06/2012	20/08/2012	Dutch	PDF
Abridged model	31/12/2010	17/06/2011	12/07/2011	Dutch	PDF
Abridged model	31/12/2009	18/06/2010	22/07/2010	Dutch	PDF
Abridged model	31/12/2008	19/06/2009	10/07/2009	Dutch	PDF
Abridged model	31/12/2007	20/06/2008	28/07/2008	Dutch	PDF
Abridged model	31/12/2006	15/06/2007	28/08/2007	Dutch	PDF
Abridged model	31/12/2005	16/06/2006	28/06/2006	Dutch	PDF
Abridged model	31/12/2004	17/06/2005	27/06/2005	Dutch	PDF
Abridged model	31/12/2003	18/06/2004	28/06/2004	Dutch	PDF

Estimate

Indicative valuation

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 · 1 active · 6 ended

Active mandates

Veerle Vrancken

Director

Active

Ended mandates

Hubertus Spaepen

Manager · since 01 octobre 2011

Ended

Hubertus Spaepen

Director

Ended

Hubertus Spaepen

Manager

Ended

Paul Thomassen

Manager · until 30 juin 2009

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Dissolution26/01/2026
ONTBINDING — SLUITING VEREFFENING
PDF
Mandates23/05/2023
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM - DOEL - ONTSLAGEN - BENOEMINGEN
PDF
Registered office06/11/2013
MAATSCHAPPELIJKE ZETEL
PDF
Mandates29/12/2011
ONTSLAGEN - BENOEMINGEN
PDF
Mandates03/03/2010
ONTSLAGEN - BENOEMINGEN
PDF
Registered office05/03/2003
MAATSCHAPPELIJKE ZETEL
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 202454,7 k €↓
2023
Annual accounts 202359,1 k €↑
2022
Annual accounts 202236,5 k €↑
2021
Annual accounts 202135,1 k €↓
2020
Annual accounts 2020126,1 k €↑
2019
Annual accounts 201928,8 k €↓
2018
Annual accounts 2018102,2 k €↑
2017
Annual accounts 2017-9,9 k €↑
2016
Annual accounts 2016-19,6 k €↓
2015
Annual accounts 20153,7 k €↑
2014
Annual accounts 2014-10,9 k €↑
2013
Annual accounts 2013-31,5 k €↓
2012
Annual accounts 2012-21,5 k €↑
2011
Annual accounts 2011-27,5 k €↑
2010
Annual accounts 2010-47,6 k €↓
2009
Annual accounts 2009-35,7 k €↑
2008
Annual accounts 2008-41,5 k €↑
2007
Annual accounts 2007-47,8 k €↓
2006
Annual accounts 2006-38,3 k €

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

VT AVIATION SERVICES

Overview

What does VT AVIATION SERVICES do?

Trend over 19 financial years

Board of directors

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