ACTIVE

FLYING ACES SERVICES & TRAINING

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Financial year 2025 · closed on 31/12/2025

Net result

217,1 k €

-3.4% YoY

Gross margin

590,9 k €

-9.9% YoY

Equity

1,3 M €

+20.0% YoY

Workforce

4,0 ETP

+5.3% YoY

What does FLYING ACES SERVICES & TRAINING do?

FLYING ACES SERVICES & TRAINING is a Private limited company incorporated in 2005. Its main activity is: Repair and maintenance of aircraft and spacecraft. Its registered office is in Brasschaat. It employs on average 4,0 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0872.599.132

Incorporation

18/03/2005

Legal form

Private limited company

Registered office

Licht Vliegwezenlaan 1
2930 Brasschaat · FlandreSee on map

Contributed capital

18 600,00 €

Latest accounts

31/12/2025

Average workforce

4,0 ETP

Activities (NACE)

33160Repair and maintenance of aircraft and spacecraft· main 33160Repair and maintenance of aircraft and spacecraft 52230Service activities incidental to air transportation 52230Service activities incidental to air transportation 63230Information service activities 52740Warehousing and support activities for transportation+8

Joint committees (1)

31501

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

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Health score

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✦ Verdict · Analyst summary

Financials

Trend over 20 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	590,9 k €	-9.9%	655,8 k €	+13.5%	578,1 k €	+13.8%	507,9 k €	+11.9%	453,8 k €	+26.8%	358 k €	+24.3%	288 k €	+20.4%	239,2 k €	+159%	92,5 k €	+52.2%	60,8 k €	+190%	20,9 k €	-38.0%	33,8 k €	+22.3%	27,6 k €	-20.1%	34,6 k €	-29.5%	49,1 k €	-25.4%	65,9 k €	+149%	26,4 k €	+614%	3,7 k €	-44.8%	6,7 k €	+49.3%	4,5 k €
EBITDA	410 k €	-11.6%	463,8 k €	+14.7%	404,3 k €	+12.0%	361,2 k €	+10.9%	325,6 k €	+34.0%	242,9 k €	+7.3%	226,4 k €	+12.6%	201 k €	+128%	88,2 k €	+426%	16,8 k €	-16.1%	20 k €	-33.3%	30 k €	+11.1%	27 k €	-20.1%	33,7 k €	-30.3%	48,4 k €	-25.7%	65,2 k €	+152%	25,9 k €	+1398%	1,7 k €	-73.6%	6,6 k €	+81.5%	3,6 k €
Operating result	338,2 k €	-9.5%	373,8 k €	+17.7%	317,7 k €	+17.6%	270,1 k €	+15.8%	233,3 k €	+40.2%	166,4 k €	+11.0%	149,9 k €	+6.8%	140,3 k €	+277%	37,2 k €	+211%	-33,5 k €	-596%	6,7 k €	-35.9%	10,5 k €	+178%	3,8 k €	-48.7%	7,4 k €	-67.3%	22,6 k €	-39.3%	37,3 k €	+157%	14,5 k €	+268%	-8,6 k €	-452%	2,5 k €	+248%	-1,7 k €
Net result	217,1 k €	-3.4%	224,7 k €	+9.3%	205,6 k €	+17.2%	175,4 k €	+20.3%	145,8 k €	+35.6%	107,5 k €	+3.4%	104 k €	+9.4%	95 k €	+213%	30,3 k €	+177%	-39,4 k €	-1161%	3,7 k €	-24.0%	4,9 k €	+170%	1,8 k €	-55.2%	4 k €	-71.6%	14,3 k €	-35.0%	21,9 k €	+86.1%	11,8 k €	+203%	-11,5 k €	-5597%	208,7 €	+111%	-1,8 k €
Balance sheet
Equity	1,3 M €	+20.0%	1,1 M €	+26.2%	859,2 k €	+25.7%	683,3 k €	+34.5%	507,9 k €	+40.3%	362,1 k €	+42.3%	254,5 k €	+69.1%	150,6 k €	+171%	55,5 k €	+120%	25,2 k €	-61.0%	64,6 k €	+6.1%	60,9 k €	+131%	26,3 k €	-48.7%	51,3 k €	+8.6%	47,3 k €	+43.2%	33 k €	+198%	11,1 k €	+1679%	-701,8 €	-107%	10,8 k €	+2.0%	10,6 k €
Total assets	2 M €	+6.8%	1,9 M €	+9.1%	1,7 M €	+4.7%	1,6 M €	+9.3%	1,5 M €	+35.3%	1,1 M €	+7.6%	1 M €	+10.0%	934,2 k €	+12.4%	831,1 k €	+5.4%	788,6 k €	+585%	115,1 k €	-16.1%	137,1 k €	+3.2%	132,9 k €	+33.6%	99,5 k €	-17.2%	120,1 k €	-17.1%	144,9 k €	+106%	70,2 k €	-3.3%	72,6 k €	-3.1%	74,9 k €	+19.9%	62,5 k €
Cash	663,7 k €	+112%	313,1 k €	-0.7%	315,3 k €	+46.5%	215,3 k €	+112%	101,7 k €	-57.3%	238,2 k €	-6.5%	254,7 k €	+137%	107,5 k €	-9.5%	118,7 k €	-42.1%	205,1 k €	+370%	43,6 k €	-7.4%	47,1 k €	-19.4%	58,5 k €	+33.6%	43,8 k €	+3.6%	42,2 k €	+240%	12,4 k €	-58.9%	30,3 k €	+133%	13 k €	+128%	5,7 k €	+159%	2,2 k €
Debts	677,4 k €	-10.0%	752,2 k €	-11.8%	852,8 k €	-10.3%	951,1 k €	-3.7%	987,8 k €	+32.9%	743 k €	-3.6%	770,8 k €	+0.9%	763,7 k €	+1.1%	755,6 k €	-1.0%	763,4 k €	+1413%	50,4 k €	-33.8%	76,2 k €	-28.5%	106,6 k €	+121%	48,2 k €	-33.9%	72,9 k €	-34.8%	111,8 k €	+89.1%	59,1 k €	-19.3%	73,3 k €	+14.2%	64,2 k €	+23.6%	51,9 k €
Other
Workforce	4,0 ETP	+5.3%	3,8 ETP	+5.6%	3,6 ETP	+20.0%	3,0 ETP	0.0%	3,0 ETP	+11.1%	2,7 ETP		–		–		–		–		–		–		–		–		–		–		–		–		–		–

Estimate

Indicative valuation

As an indication, this company is worth

between 2,5 M€ and 5 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 3 ended

Active mandates

Frédéric Vormezeele

Director · since 05 octobre 2023

Active

Ended mandates

Frédéric Fernand Felix VORMEZEELE

Director · since 05 octobre 2023

Ended

Frédéric Fernand Felix VORMEZEELE

Director · since 18 mars 2005

Ended

Frédéric Fernand Felix VORMEZEELE

Manager · since 18 mars 2005

Ended

At this address

Other companies at this address

Company	CBE no.
Historisch Vliegend Museum● Active	0713.458.259

Annual accounts

Full financial information

	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	09/06/2026	11/06/2025	04/07/2024	15/06/2023	07/06/2022	07/06/2021
General meeting	29/05/2026	30/05/2025	31/05/2024	31/05/2023	31/05/2022	31/05/2021
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

Ratios

Financial ratios

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Filings

Annual accounts filings

20 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	29/05/2026	09/06/2026	Dutch	PDF
Abridged model	31/12/2024	30/05/2025	11/06/2025	Dutch	PDF
Abridged model	31/12/2023	31/05/2024	04/07/2024	Dutch	PDF
Abridged model	31/12/2022	31/05/2023	15/06/2023	Dutch	PDF
Abridged model	31/12/2021	31/05/2022	07/06/2022	Dutch	PDF
Abridged model	31/12/2020	31/05/2021	07/06/2021	Dutch	PDF
Micro model	31/12/2019	29/05/2020	15/06/2020	Dutch	PDF
Micro model	31/12/2018	31/05/2019	06/06/2019	Dutch	PDF
Micro model	31/12/2017	31/05/2018	11/06/2018	Dutch	PDF
Micro model	31/12/2016	31/05/2017	06/06/2017	Dutch	PDF
Abridged model	31/12/2015	31/05/2016	06/06/2016	Dutch	PDF
Abridged model	31/12/2014	29/05/2015	11/06/2015	Dutch	PDF
Abridged model	31/12/2013	30/05/2014	30/06/2014	Dutch	PDF
Abridged model	31/12/2012	31/05/2013	12/06/2013	Dutch	PDF
Abridged model	31/12/2011	31/05/2012	25/07/2012	Dutch	PDF
Abridged model	31/12/2010	31/05/2011	19/08/2011	Dutch	PDF
Abridged model	31/12/2009	31/05/2010	07/06/2010	Dutch	PDF
Abridged model	31/12/2008	29/05/2009	03/06/2009	Dutch	PDF
Abridged model	31/12/2007	30/05/2008	03/06/2008	Dutch	PDF
Abridged model	31/12/2006	31/07/2007	01/08/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 2,5 M€ and 5 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 31/12/2025 · 1 active · 3 ended

Active mandates

Frédéric Vormezeele

Director · since 05 octobre 2023

Active

Ended mandates

Frédéric Fernand Felix VORMEZEELE

Director · since 05 octobre 2023

Ended

Frédéric Fernand Felix VORMEZEELE

Director · since 18 mars 2005

Ended

Frédéric Fernand Felix VORMEZEELE

Manager · since 18 mars 2005

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates13/12/2023
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM - ONTSLAGEN - BENOEMINGEN
PDF
Registered office25/01/2018
MAATSCHAPPELIJKE ZETEL - ADRESSEN ANDERS DAN MAATSCHAPPELIJKE ZETEL
PDF
Registered office23/09/2015
MAATSCHAPPELIJKE ZETEL
PDF
Capital / shares11/04/2014
KAPITAAL - AANDELEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Registered office10/10/2005
MAATSCHAPPELIJKE ZETEL
PDF
Other29/03/2005
RUBRIEK OPRICHTING (NIEUWE RECHTSPERSOON, OPENING BIJKANTOOR, ENZ...)
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

2025
Annual accounts 2025217,1 k €↓
2024
Annual accounts 2024224,7 k €↑
2023
Annual accounts 2023205,6 k €↑
2022
Annual accounts 2022175,4 k €↑
2021
Annual accounts 2021145,8 k €↑
2020
Annual accounts 2020107,5 k €↑
2019
Annual accounts 2019104 k €↑
2018
Annual accounts 201895 k €↑
2017
Annual accounts 201730,3 k €↑
2016
Annual accounts 2016-39,4 k €↓
2015
Annual accounts 20153,7 k €↓
2014
Annual accounts 20144,9 k €↑
2013
Annual accounts 20131,8 k €↓
2012
Annual accounts 20124 k €↓
2011
Annual accounts 201114,3 k €↓
2010
Annual accounts 201021,9 k €↑
2009
Annual accounts 200911,8 k €↑
2008
Annual accounts 2008-11,5 k €↓
2007
Annual accounts 2007208,7 €↑
2006
Annual accounts 2006-1,8 k €
18/03/2005
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 ACES SERVICES & TRAINING

Overview

What does FLYING ACES SERVICES & TRAINING do?

Trend over 20 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