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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Shrinking team NBB
FTE fell two years in a row, from 68 to 59.8.
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Late annual account NBB
Fiscal year 2024 was filed 223 days after the legal deadline.
Financials
Financial year 2024
ABELAG AVIATION from Wevelgem, company number BE0427155930, closed financial year 2024 with a result of € 2.2 million after tax. For that financial year ABELAG AVIATION recorded revenue of € 77 million and equity of € 13.1 million. Compared with financial year 2023, the result moved from € 2.8 million to € 2.2 million. The company is profitable. The buffer is growing. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on March 11, 2026.
€ 13.1 million
▲ 20% vs 2023
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 2.2 million
▼ 21% vs 2023
Profit after tax over the fiscal year.
€ 6.8 million
▲ 202% vs 2023
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2024. Retained profit grew to € 10.7 million.
People and assets in 2024
59.8
▼ 5.5 vs 2023
Average over the fiscal year, from the social balance sheet.
€ 5.6 million
▲ 1% vs 2023
€ 94,000 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.
€ 3.1 million
▲ 3% vs 2023
Of which on lease € 3.1 million.
Debts at end 2024
€ 5.2 million
▼ 1% vs 2023
€ 108,607 is repaid this year. At this pace the long-term loan is gone in ≈ 27 years.
€ 13.7 million
▲ 1% vs 2023
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 73 days on average.
€ 1.6 million
▼ 2% vs 2023
Taxes, VAT and social contributions still to pay.
| 2021 | 2022 | 2023 | 2024 | Change 2023 → 2024 | |
|---|---|---|---|---|---|
| Revenue | € 63,889,776 | € 96,287,177 | € 75,480,064 | € 76,982,082 | ▲ 2% |
| Profit after taxes | € 1,212,127 | € 1,277,872 | € 2,765,721 | € 2,188,058 | ▼ 21% |
| Equity | € 6,889,578 | € 8,167,450 | € 10,933,171 | € 13,121,229 | ▲ 20% |
| Total debts | € 35,664,998 | € 36,719,310 | € 36,101,509 | € 34,116,875 | ▼ 5% |
| Cash | € 4,904,029 | € 6,605,433 | € 2,254,765 | € 6,804,831 | ▲ 202% |
| Retained profit | € 4,479,578 | € 5,757,450 | € 8,523,171 | € 10,711,229 | ▲ 26% |
| Bank debt | € 6,706,820 | € 6,049,901 | € 5,241,491 | € 5,186,632 | ▼ 1% |
| Balance sheet total | € 42,581,959 | € 44,886,761 | € 47,034,680 | € 47,238,104 | |
| Employees (FTE) | 61 | 68 | 65.3 | 59.8 | ▼ 5.5 |
Key figures of ABELAG AVIATION, 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 AVIATION?
What happened at ABELAG AVIATION in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2024: profit of € 2.2 million (▼ 21% vs 2023). filed late Source: NBB ↗
- David Van den Langenbergh stepped down as director. NBB
- Abelag Holding NV stepped down as director. NBB
- Robert Fisch stepped down as director. NBB
- Robert Fisch became a director. NBB
- Abelag Holding NV became a director. NBB
- David Van den Langenbergh became a director. NBB
- New establishment in Wevelgem. KBO
In short
From € 1.2 million profit in 2021 to € 2.2 million profit in 2024.
Paid € 2.9 million in corporate taxes since 2021.
Best year ever: 2023, with € 2.8 million profit.
Pays suppliers within 73 days on average.
Management
The shares are held by Abelag Holding NV (100%) and LUXAVIATION HOLDING COMPANY (0.1%).
Directors
According to the 2024 annual accounts
David Van den Langenbergh
Director
Also active at: European Business Aviation Association, BERGH AVIATION, ABELAG HOLDING
since 2019 · until 2026
since 2019 · until 2026
since 2021 · until 2026
Shareholders
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Kortrijkstraat 345/D
8560 Wevelgem
Luchthaven Brussel Nationaal ZN
1930 Zaventem
Active since 1 April 1985
Kortrijkstraat 345 box D
8560 Wevelgem
Active since 23 January 1992
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 2 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
- 0427.155.930
- VAT number
- BE 0427.155.930
- Registered office
- Kortrijkstraat 345/D, 8560 Wevelgem
- Names & denominations
- ABELAG AVIATION
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 19 March 1985
- Peppol
- Active · Active since 19 Dec 2025
- Activities · NACE
Personenvervoer door de lucht
Luchtvaart zonder dienstregeling