Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Shrinking team NBB
FTE fell two years in a row, from 49.4 to 43.5.
Financials
Financial year 2025
LYSAIR from Wielsbeke, company number BE0413858418, closed financial year 2025 with a result of € 294,628 after tax. For that financial year LYSAIR recorded revenue of € 11.9 million and equity of € 3.4 million. Compared with financial year 2024, the result moved from € 492,516 to € 294,628. The company is profitable. The buffer is growing. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on October 13, 2026.
€ 3.4 million
▲ 1% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 294,628
▼ 40% vs 2024
Profit after tax over the fiscal year.
€ 1.1 million
▲ 25% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 250,000 paid out
85 % of the profit went to the shareholders, mostly to AIRLYS GROUP (100 % of the shares). That is where the money ends up.
People and assets in 2025
43.5
▼ 2.7 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 3.7 million
▼ 1% vs 2024
€ 85,100 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.
€ 255,509
▼ 15% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 200,000
▼ 35% vs 2024
€ 100,000 is repaid this year. At this pace the long-term loan is gone in ≈ 2 years.
€ 1.5 million
▲ 63% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 74 days on average.
€ 430,362
▼ 12% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 13,287,686 | € 12,524,204 | € 12,037,477 | € 11,889,346 | ▼ 1% |
| Profit after taxes | € 1,169,189 | € 1,304,664 | € 492,516 | € 294,628 | ▼ 40% |
| Equity | € 3,216,685 | € 3,271,349 | € 3,363,865 | € 3,408,493 | ▲ 1% |
| Total debts | € 3,701,288 | € 5,256,383 | € 3,294,714 | € 3,906,362 | ▲ 19% |
| Cash | € 1,299,804 | € 1,555,050 | € 856,723 | € 1,071,300 | ▲ 25% |
| Land & buildings | € 453,989 | € 436,616 | € 440,827 | € 412,539 | ▼ 6% |
| Retained profit | € 2,809,885 | € 2,864,549 | € 2,957,065 | € 3,001,693 | ▲ 2% |
| Dividend | € 800,000 | € 1,250,000 | € 400,000 | € 250,000 | ▼ 37% |
| Bank debt | € 50,198 | € 269,865 | € 305,660 | € 200,000 | ▼ 35% |
| Balance sheet total | € 7,532,834 | € 9,134,742 | € 7,038,826 | € 7,498,509 | ▲ 7% |
| Employees (FTE) | 51.8 | 49.4 | 46.2 | 43.5 | ▼ 2.7 |
Key figures of LYSAIR, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 31 July 2027.
What happened to LYSAIR?
What happened at LYSAIR in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- AHIECON stepped down as director. NBB
- MARODIN stepped down as director. NBB
- New annual accounts for financial year 2025: profit of € 294,628 (▼ 40% vs 2024). filed late Source: NBB ↗
- AHIECON became a director. NBB
- MARODIN became a director. NBB
- New establishment in Wielsbeke. KBO
- Start of the company according to the CBE. KBO
In short
From € 1.2 million profit in 2022 to € 294,628 profit in 2025.
Paid € 1.3 million in corporate taxes since 2022.
Best year ever: 2023, with € 1.3 million profit.
Paid out € 2.7 million in dividends to the owners in total.
Management
The stake of AIRLYS GROUP comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
LYSAIRThe shares are held by AIRLYS GROUP (100%).
Directors
According to the 2025 annual accounts
Managing director · represented by VANDAELE HERBERT
Also active at: BEDELEC, NORDLAND, AIRLYS GROUP, Bedelec Services, IMMO RUEDELYS, KASTEELBEEK, AHM Invest, BEDELEC INVEST
since 2023 · until 2029
Managing director · represented by ALEX VANWOLLEGHEM
Also active at: BEDELEC, NORDLAND, AIRLYS GROUP, Bedelec Services, IMMO RUEDELYS, KASTEELBEEK, AHM Invest, BEDELEC INVEST
since 2023 · until 2029
Shareholders
100%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Vlasstraat(S.B.V.) 13
8710 Wielsbeke
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 6 companies are registered at this address.
All companies at this address →BEDELEC same network
€ 4.5 million gross margin · 2025
NORDLAND same network
€ 573,409 gross margin · 2025
AIRLYS GROUP same network
€ 1.3 million revenue · 2025
IMMO RUEDELYS same network
€ 48,915 gross margin · 2025
VIJVELYS
+1 more
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Website
Technologies
Hosting & Email
Email provider
Microsoft 365
Hosting
AMAZON-02 - Amazon.com, Inc., US
Domain
Domain
lysair.com
Registered
2002-06-10
Registrar
Ascio Technologies, Inc. Danmark - Filial af Ascio technologies, Inc. USA
Expires
2026-06-10
Website info
Features
Security
Details
- Company number
- 0413.858.418
- VAT number
- BE 0413.858.418
- Registered office
- Vlasstraat(S.B.V.) 13, 8710 Wielsbeke
- Names & denominations
- LYSAIR
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 1 January 1974
- Peppol
- Active · Active since 26 Feb 2026
- Contact
- lysair.com
- Activities · NACE
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