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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Two loss years in a row NBB
Negative result in 2024 and 2025.
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Tight liquidity NBB
Cash and receivables cover 56 % of short-term debt in 2025; threshold 65 %.
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Not on Peppol Peppol
Not registered in the Peppol network, mandatory for VAT-liable companies since 1 January 2026.
Financials
Financial year 2025
VOYAGES AVIA from Aywaille, company number BE0414880579, closed financial year 2025 with a result of € -90,198 after tax. For that financial year VOYAGES AVIA recorded a gross margin of € -63,847 and equity of € -17,351. Compared with financial year 2024, the result moved from € -18,295 to € -90,198. 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 August 31, 2026.
€ -17,351
▼ € 90,198 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -90,198
▼ 393 % more loss than in 2024
Profit after tax over the fiscal year.
€ 19,469
▼ 70% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -58,253.
People and assets in 2025
≈ 1
No payroll staff. One director, so that person most likely runs the business.
€ 409
▼ € 98,112 vs 2024
No payroll staff. An amount this small is usually a social contribution or pension premium for the director, booked under staff costs.
Debts at end 2025
€ 2,158
▼ 85% vs 2024
Loans from banks and other lenders, long and short.
€ 7,324
▼ 89% vs 2024
Supplier invoices still open on the last day of the fiscal year.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 172,391 | € 252,829 | € 90,785 | € -63,847 | ▼ € 154,632 |
| Profit after taxes | € 9,555 | € 35,635 | € -18,295 | € -90,198 | ▼ € 71,903 |
| Equity | € 55,508 | € 91,143 | € 72,847 | € -17,351 | ▼ € 90,198 |
| Total debts | € 263,094 | € 278,927 | € 212,259 | € 39,092 | ▼ 82% |
| Cash | € 11,612 | € 22,091 | € 65,262 | € 19,469 | ▼ 70% |
| Land & buildings | € 87,722 | € 84,521 | € 81,320 | - | |
| Retained profit | € 14,605 | € 50,240 | € 31,945 | € -58,253 | ▼ € 90,198 |
| Bank debt | € 105,876 | € 47,838 | € 14,720 | € 2,158 | ▼ 85% |
| Balance sheet total | € 318,602 | € 370,070 | € 285,106 | € 21,742 | ▼ 92% |
| Employees (FTE) | 3.5 | 3.5 | 2.2 | - |
Key figures of VOYAGES AVIA, 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 VOYAGES AVIA?
What happened at VOYAGES AVIA in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 90,198. filed late Source: NBB ↗
- New establishment in Nivelles. KBO
- Start of the company according to the CBE. KBO
In short
From € 9,555 profit in 2022 to € 90,198 loss in 2025.
Best year ever: 2023, with € 35,635 profit.
On average € 41,300 of value added per employee in 2024.
Management
The stake of HELIOS IMMOBILIERE comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
VOYAGES AVIABehind VOYAGES AVIA is Philippe HAGELSTEIN. The shares are held by HELIOS IMMOBILIERE (53.2%).
Directors
According to the 2025 annual accounts
Shareholders
53.2%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Rue Alphonse Gilles 6
4920 Aywaille
Rue du Cura 13
1400 Nivelles
Active since 1 March 1975
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 4 companies are registered at this address.
All companies at this address →What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0414.880.579
- VAT number
- BE 0414.880.579
- Registered office
- Rue Alphonse Gilles 6, 4920 Aywaille
- Names & denominations
- VOYAGES AVIA
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 20 February 1975
- Peppol
- Not registered
- Activities · NACE
Activiteiten van reisbureaus
Reisbureaus