Air Belgium
0648.801.623 · rovalta.com · 26/09/2026
OPENING OF BANKRUPTCY
Air Belgium
Company — Opening of bankruptcy.
Financial year 2023 · Closed on 31/12/2023
Net result-27,5 M €+38,3 %over 1 year
Revenue134,4 M €-41,3 %over 1 year
Equity-68,5 M €-67,1 %over 1 year
Workforce451,2 ETP+7,7 %over 1 year
Overview
Identity
Source · BCE/KBOAir Belgium is a Public limited company incorporated in 2016. Its main activity is: Passenger air transport. Its registered office is in Mont-Saint-Guibert. It employs on average 451,2 ETP workers (FTE).
- Legal situation
- Opening of bankruptcy
- BCE/KBO no. / VAT
- BE 0648.801.623
- Incorporation
- 18/02/2016
- Legal form
- Public limited company
- Registered office
- Rue Emile Francqui 2
1435 Mont-Saint-Guibert · WallonieSee on map - Contributed capital
- 50 609 670,24 €
- Latest accounts
- 31/12/2023
- Average workforce
- 451,2 ETP
Activities (NACE)
Joint committees (1)
- 31502
Signals
High revenue
Financials
Source · NBB, 8 filingsTrend over 7 financial years
| 2023 | 2022 | 2021 | 2020 | 2018 | |||||
|---|---|---|---|---|---|---|---|---|---|
| Income statement | |||||||||
| Revenue | 134,4 M € | -41.3% | 228,8 M € | +73.9% | 131,5 M € | +293% | 33,5 M € | – | |
| EBITDA | -20,3 M € | +50.5% | -41 M € | -343% | -9,2 M € | +40.3% | -15,5 M € | +4.5% | -16,2 M € |
| Operating result | -22,2 M € | +49.6% | -44 M € | -274% | -11,8 M € | +35.3% | -18,2 M € | -2.0% | -17,8 M € |
| Net result | -27,5 M € | +38.3% | -44,6 M € | -272% | -12 M € | +36.9% | -19 M € | -3.9% | -18,3 M € |
| Balance sheet | |||||||||
| Equity | -68,5 M € | -67.1% | -41 M € | -160% | -15,8 M € | -132% | -6,8 M € | -411% | -1,3 M € |
| Total assets | 42 M € | -43.0% | 73,7 M € | +7.8% | 68,3 M € | +168% | 25,5 M € | -15.6% | 30,2 M € |
| Cash | 3,3 M € | -0.0% | 3,3 M € | -84.9% | 22,1 M € | +1665% | 1,3 M € | -49.3% | 2,5 M € |
| Debts | 89,5 M € | -13.9% | 103,9 M € | +48.6% | 69,9 M € | +128% | 30,7 M € | +40.4% | 21,9 M € |
| Other | |||||||||
| Workforce | 451,2 ETP | +7.7% | 419,0 ETP | +21.4% | 345,0 ETP | +10.1% | 313,4 ETP | +166% | 117,7 ETP |
Board of directors
Source · NBB, accounts to 31/12/202312 active · 20 ended
Active mandates
Li PIN
ActiveShuang YAN
ActiveMing LUN
ActiveActive
Active
Jean-Marie Charles Léon Ghislain Focant
ActiveJianjizng GUO
ActiveSarah Krins
ActiveShuo WANG
ActiveActive
Yuan CHEN
ActiveEnded mandates
Financials
Full financial information
Source · NBB| 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|
| Type of account | Full model | Full model | Full model | Full model | Abridged model | Abridged model |
| Start of the financial year | 01/01/2023 | 01/01/2022 | 01/01/2021 | 01/01/2020 | 01/01/2019 | 01/01/2018 |
| Closing of the financial year | 31/12/2023 | 31/12/2022 | 31/12/2021 | 31/12/2020 | 31/12/2019 | 31/12/2018 |
| Length of the financial year | 12 months | 12 months | 12 months | 12 months | 12 months | 12 months |
| Filing date | 24/07/2024 | 27/07/2023 | 21/06/2022 | 30/06/2021 | 26/06/2020 | 23/07/2019 |
| General meeting | 28/06/2024 | 25/07/2023 | 30/05/2022 | 25/06/2021 | 12/06/2020 | 27/05/2019 |
| 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 · NBBLooking for more information about this company?
Try for freeAnnual accounts filings
Source · NBB, 8 filings| Model | Closing | General meeting | Filed | Language | Document |
|---|---|---|---|---|---|
| Full model | 31/12/2023 | 28/06/2024 | 24/07/2024 | French | |
| Full model | 31/12/2022 | 25/07/2023 | 27/07/2023 | French | |
| Full model | 31/12/2021 | 30/05/2022 | 21/06/2022 | French | |
| Full model | 31/12/2020 | 25/06/2021 | 30/06/2021 | French | |
| Abridged model | 31/12/2019 | 12/06/2020 | 26/06/2020 | French | |
| Abridged model | 31/12/2018 | 27/05/2019 | 23/07/2019 | French | |
| Abridged model | 31/12/2017 | 09/05/2018 | 11/06/2018 | French | |
| Abridged model | 31/12/2016 | 15/03/2017 | 27/06/2017 | French |
Valuation
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.
Disclaimer
Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.
Directors & structure
Board of directors
Source · NBB, accounts to 31/12/202312 active · 20 ended
Active mandates
Li PIN
ActiveShuang YAN
ActiveMing LUN
ActiveActive
Active
Jean-Marie Charles Léon Ghislain Focant
ActiveJianjizng GUO
ActiveSarah Krins
ActiveShuo WANG
ActiveActive
Yuan CHEN
ActiveEnded mandates
Ownership and network
Looking for more information about this company?
Try for freePublications
Belgian Official Gazette publications
Source · Belgian Official Gazette- Mandates10/03/2025DEMISSIONS, NOMINATIONS
- Mandates20/09/2023DEMISSIONS, NOMINATIONS
- Mandates23/08/2023DEMISSIONS, NOMINATIONS
- Capital / shares28/12/2022DIVERS - CAPITAL, ACTIONS
- Registered office27/12/2022SIEGE SOCIAL
- Mandates16/12/2022DEMISSIONS, NOMINATIONS
- Mandates24/03/2022CAPITAL, ACTIONS - DEMISSIONS, NOMINATIONS - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
- Mandates24/09/2021DEMISSIONS, NOMINATIONS
Similar companies
Similar companies
A company's peers, by sector and size, are included in the Business plan.
See the Business planTimeline
Timeline
- 16/07/2024nominationSociété Fédérale de Participations et d'Investissement (SFPIM) — administrateur A
- 01/01/2024demissionJean-Marie Focant — administrateur A
- 2023Annual accounts 2023-27,5 M €↑
- 25/07/2023reconductionMazars Réviseurs d'Entreprises — commissaire
- 25/07/2023reconductionPhilippe de Harlez de Heulin — commissaire
- 29/06/2023demissionPin (Christina) Li — administrateur B
- 29/06/2023nominationPin Li (Christina) — administrateur B
- 2022Annual accounts 2022-44,6 M €↓
- 23/12/2022autre
- 18/11/2022nominationShuang Yan — administrateur
- 03/11/2022nominationMing Lun (Allen) — administrateur
- 25/02/2022demissionJianjiang (Cling) Guo — administrateur B
- 2021Annual accounts 2021-12 M €↑
- 2020Annual accounts 2020-19 M €↓
- 2018Annual accounts 2018-18,3 M €↓
- 2017Annual accounts 2017-844,1 k €↑
- 2016Annual accounts 2016-2,2 M €
- 18/02/2016IncorporationPublic limited company