FLYING GROUP HOLDING is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €1.61M and a net result of €393k. Equity is growing by ~3.7% per year across the filed fiscal years. Its solvency ranks better than 12% of 2381 sector peers (fiscal year 2025). The company has been active since 2005 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Outside the general model
Model not applicable to financial institutions
The health score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here. That is why we show no financial axes either.
Credit advice for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 12% of 2381 sector peers (2025).
NBB · sector comparisonPosition among 2381 sector peers
Solvency
better than 12%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 06-07-2026, 25 days ahead of the deadline.
NBB · 5 filingsDeviation from the deadline
2025
25 d early
2024
31 d early
2023
27 d early
2022
33 d early
2021
20 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
19-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema, statutory
Equity
€1.61M▲ 32.3%
2024 · €1.22M
2018: €1.00M
2019: €1.09M
2020: €1.10M
2021: €1.14M
2022: €1.22M
2023: €1.21M
2024: €1.22M
2018 → 2025
Net result
€393k▲ 2,887%
2024 · €13k
2018: €47k
2019: €87k
2020: €5k
2021: €47k
2022: €72k
2023: €-10k
2024: €13k
2018 → 2025
Total assets
€13.61M▼ 4.3%
2024 · €14.23M
2018: €11.70M
2019: €10.04M
2020: €8.96M
2021: €15.95M
2022: €15.16M
2023: €15.76M
2024: €14.23M
2018 → 2025
Solvency
11.8%▲ 3.3pp
2024 · 8.6%
2018: 8.6%
2019: 10.9%
2020: 12.2%
2021: 7.2%
2022: 8.0%
2023: 7.6%
2024: 8.6%
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€3.51M-€4.57M▲ 30.3%€4.37M▼ 4.4%€4.73M▲ 8.4%€4.12M▼ 12.9%
Equity€1.14M-€1.22M▲ 6.3%€1.21M▼ 0.8%€1.22M▲ 1.1%€1.61M▲ 32.3%
Operating result€64k-€132k▲ 107%€201k▲ 52.5%€538k▲ 167%€462k▼ 14.2%
Net result€47k-€72k▲ 54.1%€-10k€13k€393k▲ 2,887%
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 14% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €13.61M
Fixed assets
€4.42M▼ 0.6%
Current assets
€9.19M▼ 6.0%
Equity and liabilities €13.61M
Equity
€1.61M▲ 32.3%
Debt
€12.00M▼ 7.8%
The debt ratio falls from 91.4% to 88.2%. Equity is higher and debt is lower.
Key figures and ratios
Solvency
11.8%▲
2024 · 8.6%
ROE
24.4%▲
2024 · 1.1%
ROA
2.9%▲
2024 · 0.1%
Debt
€12.00M▼
2024 · €13.01M
Debt ≤ 1 year
€10.04M▼
2024 · €10.48M
Debt > 1 year
€1.77M▼
2024 · €2.37M
Income taxes
€105k▲
2024 · €95k
Staff costs
€789k▼
2024 · €883k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€14.23M€13.61M▼
Fixed assets21/28€4.45M€4.42M▼
Intangible fixed assets21€52k€220k▲
Tangible fixed assets22/27-€4k
Plant, machinery and equipment23-€4k
Financial fixed assets28€4.40M€4.20M▼
Affiliated companies280/1€4.40M€4.20M▼
Participating interests280€4.40M€4.20M▼
Companies linked by participating interests282/3€87€87=
Participating interests282€87€87=
Current assets29/58€9.78M€9.19M▼
Amounts receivable within one year40/41€8.26M€7.95M▼
Trade receivables40€5.74M€4.75M▼
Other amounts receivable41€2.52M€3.21M▲
Cash at bank and in hand54/58€1.45M€1.14M▼
Deferred charges and accrued income490/1€69k€100k▲
Equity and liabilities
Total equity and liabilities10/49€14.23M€13.61M▼
Equity10/15€1.22M€1.61M▲
Contributions10/11€400k€400k=
Capital10€400k€400k=
Issued capital100€400k€400k=
Reserves13€40k€78k▲
Non-distributable reserves130/1€40k€40k=
Legal reserve130€40k€40k=
Tax-exempt reserves132-€38k
Profit (loss) carried forward14€778k€1.13M▲
Amounts payable17/49€13.01M€12.00M▼
Amounts payable after more than one year17€2.37M€1.77M▼
Other amounts payable178/9€2.37M€1.77M▼
Amounts payable within one year42/48€10.48M€10.04M▼
Current portion of amounts payable after more than one year42€136k€135k▼
Trade debts44€1.47M€591k▼
Suppliers440/4€1.47M€591k▼
Taxes, remuneration and social security45€168k€284k▲
Taxes450/3€95k€201k▲
Remuneration and social security454/9€73k€83k▲
Other amounts payable47/48€8.70M€9.02M▲
Accrued charges and deferred income492/3€164k€201k▲
Income statement
Code20242025
Operating income70/76A€5.21M€4.71M▼
Turnover70€4.73M€4.12M▼
Other operating income74€477k€590k▲
Operating charges60/66A€4.67M€4.25M▼
Goods for resale, raw materials and consumables60€334k€94k▼
Purchases600/8€334k€94k▼
Services and other goods61€3.43M€3.32M▼
Remuneration, social security and pensions62€883k€789k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€22k€40k▲
Other operating charges640/8€4k€6k▲
Operating profit (loss)9901€538k€462k▼
Financial income75/76B€3k€420k▲
Recurring financial income75€3k€420k▲
Income from financial fixed assets750-€400k
Other financial income752/9€3k€20k▲
Financial charges65/66B€432k€383k▼
Recurring financial charges65€216k€178k▼
Debt charges650€205k€166k▼
Other financial charges652/9€11k€12k▲
Non-recurring financial charges66B€216k€205k▼
Profit (loss) for the period before taxes9903€109k€499k▲
Income taxes67/77€95k€105k▲
Taxes670/3€95k€105k▲
Profit (loss) for the period9904€13k€393k▲
Transfer to tax-exempt reserves689-€38k
Profit (loss) for the period to be appropriated9905€13k€356k▲
Appropriation of the result
Profit (loss) to be appropriated9906€778k€1.13M▲
Profit (loss) brought forward from the previous period14P€765k€778k▲
Social balance
Average headcount (FTE)908710.210.1▼
The notes to these accounts (60 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
06-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
06-07
NBB filing
Annual accounts filed
fiscal year 2025 · consolidated
2025
31-12
Financial
Highest result since 2018net €393k ▲2887%
Net result €393k, the highest in the series.
01-07
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
30-06
NBB filing
Annual accounts filed
fiscal year 2024 · consolidated
2024
31-12
Financial
Back to profitnet €13k
Net result €13k after one loss-making year.
10-07
NBB filing
Annual accounts filed
fiscal year 2023 · consolidated
04-07
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
31-12
Financial
Weakest financial yearnet €-10k ▼114%
Net result drops to €-10k, the lowest in the series; recovery starts the following year.
28-06
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
28-06
NBB filing
Annual accounts filed
fiscal year 2022 · consolidated
2022
11-07
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
11-07
NBB filing
Annual accounts filed
fiscal year 2021 · consolidated
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
15 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Antwerpen · 1 establishment unit since 2005
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Dennenlaan 272610 AntwerpenGround area
6,596 m²
Building footprint
711 m²
Volume, LiDAR
3,490 m³
Parcel 11051B0100/00E000, Flanders · tallest building 8.6 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
NV FLYING HOLDING
since 20052.228.953.694
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11051B0100/00E000 | Flanders | 6,596 m² | 1 · 711 m² | 8.6 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Structure & network
Group per the LEI register
2 subsidiaries, 1 abroadSubsidiary:FLYING SERVICE
Indirect subsidiary:Hyperion Aviation Limited
Public money · subsidies and aid
Flemish government
2025 · 1 entry · 1,598 EUR awarded · 1,598 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 1,598 EUR | 1,598 EUR |
Schemes
Vlaams opleidingsverlof (VOV)
Recognitions · licences · registrations
Legal Entity Identifier
549300LM0IAU70PTKS97
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Of 24,727 companies in sector 64210 we hold annual accounts for 19,759. 11,542 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded08-08-2005
Fiscal year end31-12
Activities, NACEBEL
64200Holdings
64210Activities of holding companies
74151
Sources
Crossroads Bank for EnterprisesNational Bank · 34 filingsAddress and cadastre registers
Data from official sources, last processed on 18-09-2026. Scores and ratios are computed by Checked and are not a credit decision.