ACTIVE

FLY WIN

Financial year 2025 · Closed on 31/12/2025

Net result-6,3 k €+54,5 %over 1 year

Gross margin-346,5 €+89,8 %over 1 year

Equity-61,8 k €-11,4 %over 1 year

Identity

Source · BCE/KBO

FLY WIN is a Public limited company incorporated in 2013. Its main activity is: Manufacture of air and spacecraft and related machinery. Its registered office is in Liège.

Legal situation: Normal situation
BCE/KBO no. / VAT: BE 0542.515.258
Incorporation: 27/11/2013
Legal form: Public limited company
Registered office: Rue Natalis 2
4020 Liège · WallonieSee on map
Contributed capital: 700 000,00 €
Latest accounts: 31/12/2025

Activities (NACE)

30300Manufacture of air and spacecraft and related machinery· main 30310Manufacture of air and spacecraft and related machinery

Financials

Source · NBB, 12 filings

Trend over 12 financial years

	2025		2024		2023		2022		2021
Income statement
Gross margin	-346,5 €	+89.8%	-3,4 k €	-109%	39,5 k €	-60.1%	98,9 k €	+893%	10 k €
EBITDA	-966,3 €	+88.8%	-8,6 k €	+77.4%	-38,1 k €	+51.0%	-77,6 k €	+42.7%	-135,5 k €
Operating result	-966,3 €	+88.8%	-8,6 k €	+77.7%	-38,4 k €	+51.2%	-78,7 k €	+42.4%	-136,6 k €
Net result	-6,3 k €	+54.5%	-13,9 k €	+69.1%	-45 k €	+45.4%	-82,4 k €	+41.1%	-139,8 k €
Balance sheet
Equity	-61,8 k €	-11.4%	-55,5 k €	-33.5%	-41,5 k €	-1299%	3,5 k €	-96.0%	85,9 k €
Total assets	186,8 k €	-0.5%	187,8 k €	-6.6%	200,9 k €	-15.0%	236,3 k €	+16.5%	202,9 k €
Cash	188,3 €	-65.6%	547,3 €	-3.1%	564,5 €	-80.3%	2,9 k €	+15.4%	2,5 k €
Debts	248,6 k €	+2.2%	243,2 k €	+0.3%	242,4 k €	+4.1%	232,8 k €	+99.1%	117 k €
Other
Workforce	–		–		2,0 ETP		–		1,8 ETP

Board of directors

Source · NBB, accounts to 31/12/2025

2 active · 2 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Invest Minguet Gestion0472.499.470Represented by Florent MINGUET	Director27/11/2013 → 19/06/2029
Laurent MINGUET	Director27/11/2013 → 31/05/2028Managing director27/11/2013 → 31/05/2022ended

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
NOSHAQ0426.624.509	Director01/06/2017 → 2023 accountsMandate01/06/2017 → 2017 accounts
PASCAL LARDINOIS	Director01/07/2020 → 2022 accounts

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Full financial information

Source · NBB

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Abridged model	Abridged 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	28/08/2026	28/08/2025	29/08/2024	31/08/2023	31/08/2022	29/07/2021
General meeting	18/05/2026	19/05/2025	17/05/2024	17/05/2023	17/05/2022	17/05/2021
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, 12 filings

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	18/05/2026	28/08/2026	French	PDF
Abridged model	31/12/2024	19/05/2025	28/08/2025	French	PDF
Abridged model	31/12/2023	17/05/2024	29/08/2024	French	PDF
Abridged model	31/12/2022	17/05/2023	31/08/2023	French	PDF
Abridged model	31/12/2021	17/05/2022	31/08/2022	French	PDF
Abridged model	31/12/2020	17/05/2021	29/07/2021	French	PDF
Abridged model	31/12/2019	30/06/2020	06/10/2020	French	PDF
Abridged model	31/12/2018	28/05/2019	19/08/2019	French	PDF
Abridged model	31/12/2017	29/05/2018	06/07/2018	French	PDF
Abridged model	31/12/2016	15/06/2017	28/08/2017	French	PDF
Abridged model	31/12/2015	17/05/2016	28/07/2016	French	PDF
Abridged model	31/12/2014	18/05/2015	15/12/2015	French	PDF

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.

Board of directors

Source · NBB, accounts to 31/12/2025

2 active · 2 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Invest Minguet Gestion0472.499.470Represented by Florent MINGUET	Director27/11/2013 → 19/06/2029
Laurent MINGUET	Director27/11/2013 → 31/05/2028Managing director27/11/2013 → 31/05/2022ended

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
NOSHAQ0426.624.509	Director01/06/2017 → 2023 accountsMandate01/06/2017 → 2017 accounts
PASCAL LARDINOIS	Director01/07/2020 → 2022 accounts

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette

Mandates27/02/2024
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - DEMISSIONS, NOMINATIONS
PDF
Mandates23/06/2021
DEMISSIONS, NOMINATIONS
PDF
Mandates27/06/2019
DEMISSIONS, NOMINATIONS
PDF
Mandates30/03/2017
DEMISSIONS, NOMINATIONS
PDF
Other29/11/2013
RUBRIQUE CONSTITUTION (NOUVELLE PERSONNE MORALE, OUVERTURE SUCCURSALE, ETC...)
PDF

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

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Timeline

Source · CBE, NBB annual accounts

Year

Identity

Incorporation

Name

Registered office

Annual accounts

Filings12 filings

Mandates

Invest Minguet Gestion

Laurent MINGUET

NOSHAQ

PASCAL LARDINOIS

20132014201520162017201820192020202120222023202420252026202720282029

FLYWIN

RUE NATALIS 2, 4000 Liège

Director

DirectorManaging director

Director

CurrentPlanned, not yet servedEndedAccounts filedToday

Registered offices

Source · NBB annual accounts, CBE

Registered address	Period	Source
Rue Natalis 2, 4020 Liège-4020Current		CBE
RUE NATALIS 2, 4000 Liège	accounts 2021 → 2025	Accounts 2025 · 2026-00445997

Company names

Source · NBB annual accounts, CBE

Name	Period	Source
FLY WINCurrent		CBE
FLYWIN	accounts 2021 → 2025	Accounts 2025 · 2026-00445997

Events

2025
Annual accounts 2025-6,3 k €↑
2024
Annual accounts 2024-13,9 k €↑
2023
Annual accounts 2023-45 k €↑
2022
Annual accounts 2022-82,4 k €↑
2021
Annual accounts 2021-139,8 k €↑
2020
Annual accounts 2020-152,1 k €↓
2019
Annual accounts 2019-87,4 k €↑
2018
Annual accounts 2018-154,9 k €↓
2017
Annual accounts 2017-22,3 k €↑
2016
Annual accounts 2016-31,8 k €↓
2015
Annual accounts 2015-4,3 k €↑
2014
Annual accounts 2014-21,5 k €
27/11/2013
IncorporationPublic limited company

FLY WIN

Overview

Identity

Financials

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