Financials
Financial year 2025
SN AIRHOLDING from Machelen (Brab.), company number BE0419468778, closed financial year 2025 with a result of € 596,119 after tax. For that financial year SN AIRHOLDING recorded revenue of € 21.5 million and equity of € 689.3 million. Compared with financial year 2024, the result moved from € 1.5 million to € 596,119. 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 July 16, 2026.
€ 689.3 million
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 596,119
▼ 60% vs 2024
Profit after tax over the fiscal year.
€ 944,264
▲ 9% vs 2024
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2025. Retained profit grew to € 2.6 million.
People and assets in 2025
166.5
▲ 20.4 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 17.3 million
▲ 11% vs 2024
€ 103,900 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.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
€ 708,484
▲ € 650,848 vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 73 days on average.
€ 2.7 million
▼ 13% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 15,227,007 | € 18,617,156 | € 21,246,447 | € 21,468,460 | ▲ 1% |
| Profit after taxes | € 329,846 | € -716,777 | € 1,473,952 | € 596,119 | ▼ 60% |
| Equity | € 687,940,822 | € 687,224,045 | € 688,697,997 | € 689,294,117 | |
| Total debts | € 40,078,185 | € 4,606,854 | € 3,238,329 | € 3,669,676 | ▲ 13% |
| Cash | € 12,501,924 | € 3,595,713 | € 862,531 | € 944,264 | ▲ 9% |
| Retained profit | € -63,126,786 | € 553,336 | € 2,027,289 | € 2,623,408 | ▲ 29% |
| Bank debt | € 37,500,000 | € 0 | € 0 | € 0 | |
| Balance sheet total | € 728,111,588 | € 691,836,469 | € 691,941,895 | € 692,969,362 | |
| Employees (FTE) | 115.1 | 133.1 | 146.1 | 166.5 | ▲ 20.4 |
Key figures of SN AIRHOLDING, 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 SN AIRHOLDING?
What happened at SN AIRHOLDING in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Ellen Gärtner stepped down as director. NBB
- Jan Martin Kienecker stepped down as director. NBB
- Dieter Vranckx stepped down as director. NBB
- New annual accounts for financial year 2025: profit of € 596,119 (▼ 60% vs 2024). Source: NBB ↗
- Jan Martin Kienecker became a director. NBB
- Ulrich Lindner stepped down as director. NBB
- Ellen Gärtner became a director. NBB
- Christian Leifeld stepped down as director. NBB
In short
From € 329,846 profit in 2022 to € 596,119 profit in 2025.
Paid € 491,773 in corporate taxes since 2022.
Best year ever: 2024, with € 1.5 million profit.
Pays suppliers within 73 days on average.
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De Lijn 8 June 2026 New annual account 2025
filed on 8 June 2026
What was left
€ 20 k ▼ 91%
Money in the bank
€ 178 k ▼ 98%
Open the dossier →
NMBS 8 June 2026 New annual account 2025 What was left ▼ 80%
bpost 18 May 2026 New annual account 2025 What was left from loss to profit
Management
The shares are held by Deutsche Lufthansa Aktiengesellshaft S. Etr. NV (200%) and Lufthansa Commercial Holding GmbH NV (0%). It owns 100% of Brussels Airlines itself.
Directors
According to the 2025 annual accounts
Ulrich Lindner
Director
since 2024 · until 2025
Dieter Vranckx
Chairman of the board
since 2024 · until 2027
Ellen Gärtner
Director
since 2025 · until 2028
Jan Martin Kienecker
Director
since 2026 · until 2028
Christian Leifeld
Director
since 2024 · until 2025
Shareholders
Deutsche Lufthansa Aktiengesellshaft S. Etr. NV
200%
Lufthansa Commercial Holding GmbH NV
0%
Participations
100%
Establishments
Establishment units
Physical locations of this company
Kompaslaan 26
1831 Machelen (Brab.)
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 1 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
- 0419.468.778
- VAT number
- BE 0419.468.778
- Registered office
- Kompaslaan 26, 1831 Machelen (Brab.)
- Names & denominations
- SN AIRHOLDING
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 3 May 1979
- Peppol
- Active · Active since 20 Nov 2020
- Activities · NACE
Personenvervoer door de lucht
Luchtvaart volgens dienstregeling
Activiteiten van hoofdkantoren
Administratieve en ondersteunende activiteiten ten behoeve van kantoren
Activiteiten van (gecertificeerde) (fiscaal) accountants
Overige rechtskundige dienstverlening
Activiteiten op het gebied van computerconsultancy en beheer van computerfaciliteiten
Computeradviesbureaus
+4