ACTIVE

Flying Services

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Financial year 2024 · closed on 31/12/2024

Net result

928,9 k €

-46.7% YoY

Revenue

12,9 M €

Equity

3 M €

+32.0% YoY

Workforce

200,1 ETP

-1.6% YoY

What does Flying Services do?

Flying Services is a Private limited company incorporated in 2004. Its main activity is: Temporary employment agency activities. Its registered office is in Antwerpen. It employs on average 200,1 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0867.376.374

Incorporation

16/09/2004

Legal form

Private limited company

Registered office

Jan Van Beersstraat 51
2018 Antwerpen · FlandreSee on map

Contributed capital

6 200,00 €

Latest accounts

31/12/2024

Average workforce

200,1 ETP

Activities (NACE)

78200Temporary employment agency activities· main 78200Temporary employment agency activities 93053Sports activities and amusement and recreation activities 96099Other personal service activities n.e.c.96999Other personal service activities

Joint committees (3)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debtsHigh revenue

View the BCE/KBO Public Search record →

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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
Revenue	12,9 M €		–		–		–		–		–		–		–		–		–		–		–		–		–		–		–		–		–		–
EBITDA	1,3 M €	-30.8%	1,9 M €	+81.5%	1 M €	+1461%	-76,5 k €	-105%	1,4 M €	-8.7%	1,6 M €	-13.6%	1,8 M €	+24.3%	1,5 M €	+27.2%	1,1 M €	+240%	335,7 k €	-8.4%	366,5 k €	+35.1%	271,2 k €	+0.9%	268,7 k €	+19.2%	225,5 k €	+84.5%	122,2 k €	-5.7%	129,6 k €	+15.8%	112 k €	-40.4%	188 k €	+37.7%	136,5 k €
Operating result	1,4 M €	-24.5%	1,8 M €	+80.1%	995,4 k €	+809%	-140,3 k €	-111%	1,3 M €	-11.6%	1,5 M €	-7.0%	1,6 M €	+11.8%	1,4 M €	+27.1%	1,1 M €	+266%	305,7 k €	-8.0%	332,4 k €	+40.3%	236,9 k €	+3.0%	230 k €	+21.5%	189,3 k €	+140%	78,9 k €	-22.6%	101,9 k €	+28.7%	79,1 k €	-47.7%	151,3 k €	+34.3%	112,6 k €
Net result	928,9 k €	-46.7%	1,7 M €	+138%	731,4 k €	+491%	-187,1 k €	-119%	984,1 k €	+0.9%	974,8 k €	-11.1%	1,1 M €	+12.4%	975,2 k €	+25.1%	779,7 k €	+255%	219,5 k €	-0.1%	219,7 k €	+36.8%	160,6 k €	-0.5%	161,4 k €	+32.2%	122,1 k €	+251%	34,8 k €	-31.6%	50,9 k €	+57.1%	32,4 k €	-66.8%	97,7 k €	+78.2%	54,8 k €
Balance sheet
Equity	3 M €	+32.0%	2,3 M €	-37.0%	3,6 M €	+9.4%	3,3 M €	-5.4%	3,5 M €	+28.9%	2,7 M €	+41.5%	1,9 M €	+91.9%	997,5 k €	+393%	202,2 k €	-74.1%	780 k €	+39.2%	560,6 k €	+64.5%	340,8 k €	+1.9%	334,5 k €	+39.0%	240,6 k €	+47.2%	163,5 k €	+1.8%	160,6 k €	+21.6%	132,1 k €	-18.3%	161,7 k €	+153%	64 k €
Total assets	6,3 M €	+10.6%	5,7 M €	+12.5%	5,1 M €	+26.1%	4 M €	-10.9%	4,5 M €	-5.3%	4,8 M €	+16.8%	4,1 M €	+9.7%	3,7 M €	+15.6%	3,2 M €	+132%	1,4 M €	+16.0%	1,2 M €	+19.1%	1 M €	+7.3%	941 k €	+4.0%	904,5 k €	+6.2%	851,7 k €	+28.7%	661,9 k €	+40.1%	472,4 k €	-11.9%	536 k €	+22.5%	437,6 k €
Cash	360,2 k €	-50.0%	720,5 k €	-6.3%	769,1 k €	+34.5%	571,7 k €	-69.8%	1,9 M €	+80.3%	1 M €	+127%	463,5 k €	-3.7%	481,1 k €	+165%	181,5 k €	-65.8%	531,3 k €	+46.4%	362,9 k €	+86.6%	194,5 k €	-27.9%	269,9 k €	+81.5%	148,7 k €	+1150%	11,9 k €	-69.8%	39,4 k €	+270%	10,6 k €	-88.6%	93,4 k €	-14.7%	109,5 k €
Debts	3,3 M €	-3.5%	3,5 M €	+149%	1,4 M €	+89.3%	733,2 k €	-29.6%	1 M €	-49.9%	2,1 M €	-4.9%	2,2 M €	-20.2%	2,7 M €	-9.6%	3 M €	+394%	614,2 k €	-4.3%	641,6 k €	-4.1%	668,8 k €	+10.4%	605,6 k €	-8.8%	663,9 k €	-3.5%	687,8 k €	+37.2%	501,3 k €	+47.3%	340,3 k €	-9.1%	374,3 k €	+0.2%	373,5 k €
Other
Workforce	200,1 ETP	-1.6%	203,4 ETP	+21.7%	167,2 ETP	+142%	69,0 ETP	-45.1%	125,7 ETP	-14.2%	146,5 ETP	+1309%	10,4 ETP	-92.2%	132,7 ETP	+87.4%	70,8 ETP	+77.0%	40,0 ETP	+0.5%	39,8 ETP	+48.0%	26,9 ETP	+16.5%	23,1 ETP	+52.0%	15,2 ETP	-42.2%	26,3 ETP	+163%	10,0 ETP	-55.0%	22,2 ETP	+200%	7,4 ETP	-27.5%	10,2 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 5 M€ and 10 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2024 · 2 active · 21 ended

Active mandates

Flying Alliance

Director · since 21 décembre 2023 · 0650.623.639

Represented by RACHID AMGHAR

Active

SCHUURHOVEN

Director · since 21 décembre 2023 · 0671.896.135

Represented by Wout Janssen

Active

Ended mandates

WOUT JANSSEN

Manager · since 21 mars 2019

Ended

Flying Alliance

Manager · since 21 avril 2016 · 0650.623.639

Represented by Tom Ponsaerts

Ended

Larson

Manager · since 21 avril 2016 · 0550.919.022

Represented by RACHID AMGHAR

Ended

ZEM

Manager · since 21 avril 2016 · until 21 mars 2019 · 0550.918.725

Represented by Tom Ponsaerts

Ended

At this address

Other companies at this address

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ALLEZ● Active	0541.682.939
Flying Alliance● Active	0650.623.639
House of Hospitality● Active	1038.352.831
MarketMakers● Active	1019.101.695
PSP Services● Active	0743.714.539
SKWD● Active	1016.276.126

Annual accounts

Full financial information

	2024	2023	2022	2021	2020	2019
Type of account	Full model	Abridged model	Abridged model	Abridged model	Abridged model	Abridged 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	28/07/2025	27/06/2024	05/07/2023	29/06/2022	30/06/2021	02/07/2020
General meeting	30/06/2025	04/06/2024	06/06/2023	07/06/2022	01/06/2021	02/06/2020
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

19 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Full model	31/12/2024	30/06/2025	28/07/2025	Dutch	PDF
Abridged model	31/12/2023	04/06/2024	27/06/2024	Dutch	PDF
Abridged model	31/12/2022	06/06/2023	05/07/2023	Dutch	PDF
Abridged model	31/12/2021	07/06/2022	29/06/2022	Dutch	PDF
Abridged model	31/12/2020	01/06/2021	30/06/2021	Dutch	PDF
Abridged model	31/12/2019	02/06/2020	02/07/2020	Dutch	PDF
Abridged model	31/12/2018	04/06/2019	28/06/2019	Dutch	PDF
Abridged model	31/12/2017	05/06/2018	04/07/2018	Dutch	PDF
Abridged model	31/12/2016	06/06/2017	06/07/2017	Dutch	PDF
Abridged model	31/12/2015	18/03/2016	23/03/2016	Dutch	PDF
Abridged model	31/12/2014	23/06/2015	14/07/2015	Dutch	PDF
Abridged model	31/12/2013	03/06/2014	31/07/2014	Dutch	PDF
Abridged model	31/12/2012	25/06/2013	30/08/2013	Dutch	PDF
Abridged model	31/12/2011	05/06/2012	28/09/2012	Dutch	PDF
Abridged model	31/12/2010	07/06/2011	06/07/2011	Dutch	PDF
Abridged model	31/12/2009	01/06/2010	30/09/2010	Dutch	PDF
Abridged model	31/12/2008	02/06/2009	03/06/2009	Dutch	PDF
Abridged model	31/12/2007	03/06/2008	03/07/2008	Dutch	PDF
Abridged model	31/12/2006	05/06/2007	02/08/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 5 M€ and 10 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 31/12/2024 · 2 active · 21 ended

Active mandates

Flying Alliance

Director · since 21 décembre 2023 · 0650.623.639

Represented by RACHID AMGHAR

Active

SCHUURHOVEN

Director · since 21 décembre 2023 · 0671.896.135

Represented by Wout Janssen

Active

Ended mandates

WOUT JANSSEN

Manager · since 21 mars 2019

Ended

Flying Alliance

Manager · since 21 avril 2016 · 0650.623.639

Represented by Tom Ponsaerts

Ended

Larson

Manager · since 21 avril 2016 · 0550.919.022

Represented by RACHID AMGHAR

Ended

ZEM

Manager · since 21 avril 2016 · until 21 mars 2019 · 0550.918.725

Represented by Tom Ponsaerts

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates25/06/2026
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - DOEL - ONTSLAGEN - BENOEMINGEN
PDF
Mandates26/05/2025
ONTSLAGEN - BENOEMINGEN
PDF
Mandates19/01/2024
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM - ONTSLAGEN - BENOEMINGEN
PDF
Registered office13/08/2021
MAATSCHAPPELIJKE ZETEL
PDF
Mandates11/07/2019
ONTSLAGEN - BENOEMINGEN
PDF
Mandates15/01/2019
ONTSLAGEN - BENOEMINGEN
PDF
Mandates18/08/2017
ONTSLAGEN - BENOEMINGEN
PDF
Mandates22/02/2017
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

2024
Annual accounts 2024928,9 k €↓
2023
Annual accounts 20231,7 M €↑
2022
Annual accounts 2022731,4 k €↑
2021
Annual accounts 2021-187,1 k €↓
2020
Annual accounts 2020984,1 k €↑
2019
Annual accounts 2019974,8 k €↓
2018
Annual accounts 20181,1 M €↑
2017
Annual accounts 2017975,2 k €↑
2016
Annual accounts 2016779,7 k €↑
2015
Annual accounts 2015219,5 k €↓
2014
Annual accounts 2014219,7 k €↑
2013
Annual accounts 2013160,6 k €↓
2012
Annual accounts 2012161,4 k €↑
2011
Annual accounts 2011122,1 k €↑
2010
Annual accounts 201034,8 k €↓
2009
Annual accounts 200950,9 k €↑
2008
Annual accounts 200832,4 k €↓
2007
Annual accounts 200797,7 k €↑
2006
Annual accounts 200654,8 k €
16/09/2004
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

Flying Services

Overview

What does Flying Services do?

Trend over 19 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