Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
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Negative equity NBB
More debt than assets in 1 of the last 4 fiscal years.
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Late annual account NBB
Fiscal year 2024 was filed 281 days after the legal deadline.
Financials
Financial year 2024
ABELAG HANDLING from Zaventem, company number BE0400366114, closed financial year 2024 with a result of € -7.4 million after tax. For that financial year ABELAG HANDLING recorded revenue of € 10.6 million and equity of € -1.9 million. Compared with financial year 2023, the result moved from € 510,818 to € -7.4 million. The company made a loss. More debts than assets. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on May 8, 2026.
€ -1.9 million
▼ € 7.4 million vs 2023
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -7.4 million
▼ still € 510,818 profit in 2023
Profit after tax over the fiscal year.
€ 370,976
▼ 34% vs 2023
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -2.3 million.
People and assets in 2024
29.5
▼ 1 vs 2023
Average over the fiscal year, from the social balance sheet.
€ 1.9 million
▼ 1% vs 2023
€ 65,000 per full-time equivalent. Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 807,000
▼ 22% vs 2023
Of which on lease € 797,178.
Debts at end 2024
€ 10.1 million
▲ € 8.5 million vs 2023
€ 234,643 is repaid this year. At this pace the long-term loan is gone in ≈ 43 years.
€ 2 million
▲ 110% vs 2023
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 92 days on average.
€ 170,310
▼ 56% vs 2023
Taxes, VAT and social contributions still to pay.
| 2021 | 2022 | 2023 | 2024 | Change 2023 → 2024 | |
|---|---|---|---|---|---|
| Revenue | € 7,658,669 | € 13,326,321 | € 10,803,441 | € 10,622,195 | ▼ 2% |
| Profit after taxes | € 483,727 | € 1,164,847 | € 510,818 | € -7,394,354 | ▼ € 7.9 million |
| Equity | € 3,866,628 | € 5,031,475 | € 5,542,292 | € -1,852,062 | ▼ € 7.4 million |
| Total debts | € 3,127,565 | € 3,618,979 | € 3,113,513 | € 12,468,642 | ▲ 300% |
| Cash | € 681,138 | € 1,020,610 | € 560,634 | € 370,976 | ▼ 34% |
| Land & buildings | € 907,617 | € 811,068 | € 674,519 | € 619,885 | ▼ 8% |
| Retained profit | € 3,416,628 | € 4,581,475 | € 5,092,292 | € -2,302,062 | ▼ € 7.4 million |
| Bank debt | € 1,850,160 | € 2,037,729 | € 1,598,710 | € 10,134,012 | ▲ € 8.5 million |
| Balance sheet total | € 7,044,558 | € 8,700,453 | € 8,705,805 | € 10,666,580 | ▲ 23% |
| Employees (FTE) | 29.1 | 31.1 | 30.5 | 29.5 | ▼ 1 |
Key figures of ABELAG HANDLING, fiscal years 2021 to 2024, from the annual accounts filed with the National Bank of Belgium.The annual account for fiscal year 2025 has not been filed yet; it was expected before 31 July 2026.
What happened to ABELAG HANDLING?
What happened at ABELAG HANDLING in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2024: loss of € 7.4 million (▼ € 7.9 million vs 2023). filed late Source: NBB ↗
- Beta BV stepped down as director. NBB
- Abelag Holding NV stepped down as director. NBB
- Michel Tohane Nunez stepped down as director. NBB
- Michel Tohane Nunez became a director. NBB
- Beta BV became a director. NBB
- Abelag Holding NV became a director. NBB
- New establishment in Zaventem. KBO
In short
From € 483,727 profit in 2021 to € 7.4 million loss in 2024.
Paid € 754,908 in corporate taxes since 2021.
Best year ever: 2022, with € 1.2 million profit.
Pays suppliers within 92 days on average.
Management
The stake of ABELAG HOLDING comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
ABELAG HANDLINGThe shares are held by The FBO Company SA (100%) and ABELAG HOLDING (100%). It owns 100% of EXECUJET PORTUGAL and 60% of Skyvalet Spain itself.
Directors
According to the 2024 annual accounts
Director · represented by Bernard Duwyn
since 2019 · until 2026
Michel Tohane Nunez
Director
since 2024 · until 2026
since 2019 · until 2026
Shareholders
The FBO Company SA
100%
100%
Participations
100%
Skyvalet Spain
60%
Establishments
Establishment units
Physical locations of this company
Luchthaven Brussel Nationaal ZN
1930 Zaventem
Luchthaven Brussel Nationaal 28
1930 Zaventem
Active since 1 August 1971
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 9 companies are registered at this address.
All companies at this address →Aeronautique 58
BRUSSELS AIRPORT HOTEL
€ 20.9 million revenue · 2025
Aviapartner Holding
€ 44 million revenue · 2024
WFS CARGO NV
€ 26.1 million revenue · 2024
International Airport Coordination Support
+4 more
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0400.366.114
- VAT number
- BE 0400.366.114
- Registered office
- Luchthaven Brussel Nationaal ZN, 1930 Zaventem
- Names & denominations
- ABELAG HANDLING
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 18 February 1964
- Peppol
- Active · Active since 8 Dec 2025
- Activities · NACE
Personenvervoer door de lucht
Luchtvaart zonder dienstregeling
Diensten in verband met de luchtvaart
Verhuur en exploitatie van eigen of geleased niet-residentieel onroerend goed, exclusief terreinen