ACTIVE

North Sea Aviation Services

Export PDF

Financial year 2025 · Closed on 31/12/2025

Net result725,3 k €+21,2 %over 1 year
Gross margin1,5 M €+12,1 %over 1 year
Equity2,9 M €+33,3 %over 1 year
Workforce1,6 ETP+14,3 %over 1 year

Identity

Source · BCE/KBO

North Sea Aviation Services is a Private limited company incorporated in 2021. Its main activity is: Passenger air transport. Its registered office is in Oostende. It employs on average 1,6 ETP workers (FTE).

Legal situation
Normal situation
BCE/KBO no. / VAT
BE 0760.786.440
Incorporation
04/01/2021
Legal form
Private limited company
Registered office
Nieuwpoortsesteenweg 943
8400 Oostende · FlandreSee on map
Contributed capital
500 000,00 €
Latest accounts
31/12/2025
Average workforce
1,6 ETP
Joint committees (1)
  • 200
Signals
ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

Financials

Source · NBB, 5 filings

Trend over 5 financial years

20252024202320222021
Income statement
Gross margin1,5 M €1,3 M €1,2 M €624 k €-102,9 k €
EBITDA1,3 M €1,2 M €1,1 M €489 k €-130 k €
Operating result981,3 k €743,7 k €730,7 k €489 k €-130 k €
Net result725,3 k €598,7 k €729,5 k €479,3 k €-130,5 k €
Balance sheet
Equity2,9 M €2,2 M €1,6 M €848,8 k €369,5 k €
Total assets5 M €6,2 M €6 M €6 M €4,5 M €
Cash555,9 k €247,8 k €738,1 k €509,4 k €1,1 k €
Debts2,1 M €4 M €4,4 M €5,2 M €4,2 M €
Other
Workforce1,6 ETP1,4 ETP1,1 ETP1,8 ETP–

Valuation

Indicative valuation

As an indication, this company is worth

between 10 M€ and 25 M€
See the valuation

Board of directors

Source · NBB, accounts to 31/12/2025

3 active · 2 ended

Active mandates

Jelle De Kinder

Director

Active
Jozef De Kinder

Director

Active
Michael Wilford

Director

Active

Ended mandates

Jelle De Kinder

Director · since 27 janvier 2023

Ended
Jef De Kinder

Director

Ended

Other companies at this address

Nieuwpoortsesteenweg 943 8400 Oostende
CompanyCBE no.
ATLAS AVIATION SERVICES● Active
1035.302.873
CofA● Active
1028.511.982

Full financial information

Source · NBB
20252024202320222021
Type of accountAbridged modelAbridged modelAbridged modelAbridged modelMicro model
Start of the financial year01/01/202501/01/202401/01/202301/01/202204/01/2021
Closing of the financial year31/12/202531/12/202431/12/202331/12/202231/12/2021
Length of the financial year12 months12 months12 months12 months12 months
Filing date20/07/202627/05/202513/06/202430/06/202316/08/2022
General meeting02/07/202615/05/202515/05/202410/06/202329/06/2022
Currency of the financial yearEUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls

Financial ratios

Source · NBB

Looking for more information about this company?

Try for free

Annual accounts filings

Source · NBB, 5 filings
ModelClosingGeneral meetingFiledLanguageDocument
Abridged model31/12/202502/07/202620/07/2026DutchPDF
Abridged model31/12/202415/05/202527/05/2025DutchPDF
Abridged model31/12/202315/05/202413/06/2024DutchPDF
Abridged model31/12/202210/06/202330/06/2023DutchPDF
Micro model31/12/202129/06/202216/08/2022DutchPDF

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 10 M€ and 25 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.

Board of directors

Source · NBB, accounts to 31/12/2025

3 active · 2 ended

Active mandates

Jelle De Kinder

Director

Active
Jozef De Kinder

Director

Active
Michael Wilford

Director

Active

Ended mandates

Jelle De Kinder

Director · since 27 janvier 2023

Ended
Jef De Kinder

Director

Ended

Ownership and network

Looking for more information about this company?

Try for free

Belgian Official Gazette publications

Source · Belgian Official Gazette
  • Mandates11/04/2023
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates18/06/2021
    STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …) - DIVERSEN - KAPITAAL - AANDELEN - ONTSLAGEN - BENOEMINGEN
    PDF
  • Other06/01/2021
    RUBRIEK OPRICHTING (NIEUWE RECHTSPERSOON, OPENING BIJKANTOOR, ENZ...)
    PDF

Similar companies

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

See the Business plan

Timeline

  1. 2025
    Annual accounts 2025725,3 k €↑
  2. 2024
    Annual accounts 2024598,7 k €↓
  3. 2023
    Annual accounts 2023729,5 k €↑
  4. 2022
    Annual accounts 2022479,3 k €↑
  5. 2021
    Annual accounts 2021-130,5 k €
  6. 04/01/2021
    IncorporationPrivate limited company