Flying Services
ActiveSummary
Flying Services has been active since 2004 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €3.9m and a net result of €1.3m. Equity is growing by ~5.4% per year across the filed fiscal years. Its solvency ranks better than 61% of 302 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability88▲+8
Solvency76▲+4
Growth73▲+21
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €280,000 at 30 days acceptable
Liquidity ample (current ratio 1.77 against 1.68 in 2024; short-term debt: 32.5% and cash: 12.2% of total assets), and 49.2% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
50.8%
Return on assets
17.2%
Age of the figures
9 mo
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
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 29-07-2026, 2 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
2 d early
2024
3 d early
2023
34 d early
2022
26 d early
2021
32 d early
2020
31 d early
2019
29 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 22 days before the deadline; the sector median for financial year 2024 is on the deadline day, and 48% of the sector filed late.
Checked, nothing found (2)
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
26-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, full schema
In the rankings
#4 employer in Antwerp, Other services sector#5 fastest grower in Antwerp, Other services sector
Turnover
€14.0m▲ 8.9%
2024 · €12.9m
EBIT margin
13.9%▲ 3.4pp
2024 · 10.5%
Net result
€1.3m▲ 43.5%
2024 · €928,917
Working capital
€1.9m▲ 34.2%
2024 · €1.4m
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Turnover€12.9m€14.0m▲ 8.9%
Operating result-€140,306€995,366€1.8m▲ 80.1%€1.4m▼ 24.5%€1.9m▲ 44.0%
Net result-€187,142€731,427€1.7m▲ 138%€928,917▼ 46.7%€1.3m▲ 43.5%
EBIT margin10.5%13.9%▲ 3.4pp
Equity€3.3m▼ 5.4%€3.6m▲ 9.4%€2.3m▼ 37.0%€3.0m▲ 32.0%€3.9m▲ 30.7%
Total assets€4.0m▼ 10.9%€5.1m▲ 26.1%€5.7m▲ 12.5%€6.3m▲ 10.6%€7.7m▲ 22.2%
Debt€733,438▼ 29.6%€1.5m▲ 101%€3.5m▲ 134%€3.3m▼ 3.5%€3.8m▲ 14.5%
Working capital€1.6m▼ 22.6%€2.0m▲ 19.6%€1.7m▼ 12.4%€1.4m▼ 16.1%€1.9m▲ 34.2%
Staff (FTE)69▼ 45.1%167.2▲ 142%203.4▲ 21.7%200.1▼ 1.6%203.9▲ 1.9%
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 44% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €7.7m
Fixed assets
€3.3m ▲ 18.3%
Current assets
€4.5m ▲ 25.2%
Equity and liabilities €7.7m
Equity
€3.9m ▲ 30.7%
Debt
€3.8m ▲ 14.5%
Debt's share of the balance-sheet total falls from 52.5% to 49.2%. Equity and debt are higher.
Key figures and ratios
EBITDA
€2.2m▲
2024 · €1.5m
Cash flow
€1.6m▲
2024 · €1.1m
Current ratio
1.77▲
2024 · 1.68
Debt to equity
0.97▼
2024 · 1.11
ROE
33.9%▲
2024 · 30.9%
ROA
17.2%▲
2024 · 14.7%
Interest coverage
21.77▲
2024 · 14.08
Debt ≤ 1 year
€2.5m▲
2024 · €2.1m
Debt > 1 year
€1.3m▲
2024 · €1.2m
Income taxes
€521,393▲
2024 · €297,669
Staff costs
€10.7m▲
2024 · €10.2m
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Operating income70/76A | - | - | - | €13.0m | €14.3m | ▲ 10.1% |
| Turnover70 | - | - | - | €12.9m | €14.0m | ▲ 8.9% |
| Other operating income74 | - | - | - | €104,188 | €267,841 | ▲ 157% |
| Non-recurring operating income76A | - | €619 | - | - | - | - |
| Operating charges60/66A | - | - | - | €11.6m | €12.3m | ▲ 6.2% |
| Services and other goods61 | - | - | - | €1.2m | €1.4m | ▲ 12.9% |
| Remuneration, social security and pensions62 | €2.8m | €7.0m | €9.6m | €10.2m | €10.7m | ▲ 4.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €55,335 | €46,864 | €95,168 | €158,902 | €251,811 | ▲ 58.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | €8,466 | -€1,204 | €1,899 | -€204,568 | -€22,947 | ▲ 88.8% |
| Other operating charges640/8 | €1,520 | €312 | €3,292 | €227,169 | €69,840 | ▼ 69.3% |
| Non-recurring operating charges66A | - | - | - | €2,284 | - | - |
| Gross operating margin9900 | €2.7m | €8.1m | €11.5m | - | - | - |
| Operating profit (loss)9901 | -€140,306 | €995,366 | €1.8m | €1.4m | €1.9m | ▲ 44.0% |
| Financial income75/76B | €8,191 | €295,807 | €508,947 | €30,435 | €11,386 | ▼ 62.6% |
| Recurring financial income75 | €8,191 | €295,807 | €508,947 | €30,435 | €11,386 | ▼ 62.6% |
| Income from financial fixed assets750 | - | - | - | €1,295 | €2,363 | ▲ 82.5% |
| Income from current assets751 | - | - | - | €7,516 | €8,059 | ▲ 7.2% |
| Other financial income752/9 | - | - | - | €21,624 | €964 | ▼ 95.5% |
| Financial charges65/66B | €53,799 | €486,900 | €303,336 | €157,633 | €106,845 | ▼ 32.2% |
| Recurring financial charges65 | €53,799 | €206,645 | €303,336 | €119,131 | €106,845 | ▼ 10.3% |
| Debt charges650 | - | - | - | €107,463 | €101,139 | ▼ 5.9% |
| Other financial charges652/9 | - | - | - | €11,668 | €5,706 | ▼ 51.1% |
| Non-recurring financial charges66B | - | €280,255 | - | €38,501 | - | - |
| Profit (loss) for the period before taxes9903 | -€185,914 | €804,274 | €2.0m | €1.2m | €1.9m | ▲ 51.2% |
| Income taxes67/77 | €1,228 | €72,847 | €255,255 | €297,669 | €521,393 | ▲ 75.2% |
| Taxes670/3 | - | - | - | €297,669 | €521,393 | ▲ 75.2% |
| Profit (loss) for the period9904 | -€187,142 | €731,427 | €1.7m | €928,917 | €1.3m | ▲ 43.5% |
| Profit (loss) for the period to be appropriated9905 | -€187,142 | €731,427 | €1.7m | €928,917 | €1.3m | ▲ 43.5% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €4.0m | €5.1m | €5.7m | €6.3m | €7.7m | ▲ 22.2% |
| Fixed assets21/28 | €1.7m | €1.7m | €2.0m | €2.8m | €3.3m | ▲ 18.3% |
| Intangible fixed assets21 | €62,334 | €143,713 | €240,365 | €376,121 | €418,667 | ▲ 11.3% |
| Tangible fixed assets22/27 | €26,565 | €23,432 | €13,514 | €13,532 | €23,610 | ▲ 74.5% |
| Plant, machinery and equipment23 | €9,773 | €6,925 | €2,864 | €6,484 | €3,685 | ▼ 43.2% |
| Furniture and vehicles24 | €16,792 | €16,506 | €10,650 | €7,048 | €19,925 | ▲ 183% |
| Financial fixed assets28 | €1.6m | €1.6m | €1.8m | €2.4m | €2.8m | ▲ 19.0% |
| Affiliated companies280/1 | - | - | - | €1.7m | €2.0m | ▲ 20.7% |
| Participating interests280 | - | - | - | €1.3m | €1.7m | ▲ 29.8% |
| Amounts receivable281 | - | - | - | €308,816 | €251,042 | ▼ 18.7% |
| Companies linked by participating interests282/3 | - | - | - | €705,875 | €821,715 | ▲ 16.4% |
| Participating interests282 | - | - | - | €388,835 | €538,835 | ▲ 38.6% |
| Amounts receivable283 | - | - | - | €317,040 | €282,880 | ▼ 10.8% |
| Other financial fixed assets284/8 | - | - | - | €32,451 | €29,480 | ▼ 9.2% |
| Amounts receivable and cash guarantees285/8 | - | - | - | €32,451 | €29,480 | ▼ 9.2% |
| Current assets29/58 | €2.4m | €3.4m | €3.7m | €3.6m | €4.5m | ▲ 25.2% |
| Amounts receivable after more than one year29 | €566,291 | €285,502 | €451,767 | - | - | - |
| Other amounts receivable291 | €566,291 | €285,502 | €451,767 | - | - | - |
| Amounts receivable within one year40/41 | €1.2m | €2.3m | €2.5m | €3.2m | €3.5m | ▲ 9.5% |
| Trade receivables40 | €1.2m | €2.0m | €2.3m | €3.0m | €3.1m | ▲ 3.8% |
| Other amounts receivable41 | €23,544 | €313,576 | €201,328 | €203,586 | €390,691 | ▲ 91.9% |
| Cash at bank and in hand54/58 | €571,715 | €769,133 | €720,517 | €360,157 | €942,544 | ▲ 162% |
| Deferred charges and accrued income490/1 | €12,187 | €26,588 | €67,783 | €12,138 | €24,223 | ▲ 99.6% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €4.0m | €5.1m | €5.7m | €6.3m | €7.7m | ▲ 22.2% |
| Equity10/15 | €3.3m | €3.6m | €2.3m | €3.0m | €3.9m | ▲ 30.7% |
| Contributions10/11 | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Reserves13 | €3.5m | €3.6m | €2.3m | €3.0m | €3.9m | ▲ 30.7% |
| Non-distributable reserves130/1 | €1,860 | €1,860 | - | - | - | - |
| Reserves not available under the articles1311 | €1,860 | €1,860 | - | - | - | - |
| Distributable reserves133 | €3.5m | €3.6m | €2.3m | €3.0m | €3.9m | ▲ 30.7% |
| Profit (loss) carried forward14 | -€187,142 | - | - | - | - | - |
| Amounts payable17/49 | €733,438 | €1.5m | €3.5m | €3.3m | €3.8m | ▲ 14.5% |
| Amounts payable after more than one year17 | - | - | €1.5m | €1.2m | €1.3m | ▲ 6.5% |
| Financial debts170/4 | - | - | €1.5m | €1.2m | €1.3m | ▲ 6.5% |
| Credit institutions173 | - | - | - | €1.2m | €1.3m | ▲ 6.5% |
| Amounts payable within one year42/48 | €733,194 | €1.4m | €2.0m | €2.1m | €2.5m | ▲ 19.0% |
| Current portion of amounts payable after more than one year42 | €285,714 | €142,857 | €242,857 | €242,857 | €321,387 | ▲ 32.3% |
| Financial debts43 | - | €112,500 | €259,053 | €276,947 | €513,082 | ▲ 85.3% |
| Credit institutions430/8 | - | €112,500 | €259,053 | €126,684 | €513,082 | ▲ 305% |
| Other loans439 | - | - | - | €150,263 | - | - |
| Trade debts44 | €81,650 | €237,324 | €135,387 | €442,033 | €627,386 | ▲ 41.9% |
| Suppliers440/4 | €81,650 | €237,324 | €135,387 | €442,033 | €627,386 | ▲ 41.9% |
| Taxes, remuneration and social security45 | €365,830 | €675,009 | €976,194 | €946,600 | €1.1m | ▲ 11.5% |
| Taxes450/3 | €68,713 | €87,165 | €204,016 | €380,737 | €488,825 | ▲ 28.4% |
| Remuneration and social security454/9 | €297,117 | €587,844 | €772,178 | €565,863 | €566,360 | ▲ 0.1% |
| Other amounts payable47/48 | - | €220,000 | €380,000 | €206,000 | - | - |
| Accrued charges and deferred income492/3 | €243 | €88,896 | €454 | - | €0 | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€187,142 | €731,427 | €1.7m | €928,917 | €1.3m | ▲ 43.5% |
| + Depreciation and write-downs630 | €55,335 | €46,864 | €95,168 | €158,902 | €251,811 | ▲ 58.5% |
| Operating cash flow (approximation) | -€131,807 | €778,291 | €1.8m | €1.1m | €1.6m | ▲ 45.7% |
| Investment in fixed assets (approximation) | - | -€125,109 | -€370,993 | -€921,943 | -€759,531 | ▲ 17.6% |
| Change in cash | - | €197,418 | -€48,616 | -€360,361 | €582,387 | ▲ 262% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
29-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
28-07
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
27-06
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Highest result since 2018net €1.7m ▲138%
Net result €1.7m, the highest in the series.
05-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Back to profitnet €731,427
Net result €731,427 after one loss-making year.
29-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Weakest financial yearnet -€187,142
Net result drops to -€187,142, the lowest in the series; recovery starts the following year.
30-06
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
02-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
31-12
Financial
Equity above €2mEq €2.7m ▲41.5%
2 profitable years in a row build equity to €2.7m.
28-06
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
04-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
06-07
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 8 acts read
About the unread acts
We know of 8 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
8 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 · 5 establishment units since 2004
Ground area
1.6 ha
Building footprint
6,276 m²
Volume, LiDAR
39,194 m³
5 parcels, Flanders · tallest building 18.9 m, ±6 floors. Linked by address, not a title deed.
7
companies at this address
See who is registered here
5 establishment units
Flying Service
since 20042.142.218.373
Flying Services
since 20072.232.942.968
Flying Services
since 20132.232.943.661
Officenter Geel
since 20212.318.071.554
Officenter Vilvoorde
since 20232.357.433.362
5 parcels
Flanders
5
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 13376G0389/00P000 | Flanders | 1.1 ha | 1 · 3,240 m² | 5.8 m · 2 fl. |
| 24062A0176/00P000 | Flanders | 1,959 m² | - | - |
| 44807G0728/02L013 | Flanders | 1,619 m² | 1 · 1,590 m² | 18.6 m · 1 fl. |
| 23644H0058/00L000 | Flanders | 1,375 m² | 1 · 1,372 m² | 13.1 m · 4 fl. |
| 11811L3763/00S007 | Flanders | 74 m² | 1 · 74 m² | 18.9 m · 6 fl. |
Linked by address, not proof of ownership
Good to know
5 of 5 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2022 to 2025 · 4 entries · 4,751 EUR awarded · 4,751 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 300 EUR | 300 EUR |
| 2024 | 1 | 3,591 EUR | 3,591 EUR |
| 2023 | 1 | 468 EUR | 468 EUR |
| 2022 | 1 | 392 EUR | 392 EUR |
Recognitions · licences · registrations
Legal Entity Identifier
699400DAPS53FZ4PKV94
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Of 6,999 companies in sector 96999 we hold annual accounts for 602. 115 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded16-09-2004
Fiscal year end31-12
Activities, NACEBEL 2025
78200Temporary employment agencies and other provision of personnel
96999Other personal services
Scores and ratios are computed by Checked and are not a credit decision.