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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Figures corrected NBB
Corrected annual account filed for 2023.
Financials
Financial year 2026
CAE TRAINING & SERVICES BRUSSELS from Steenokkerzeel, company number BE0439598654, closed financial year 2026 with a result of € -8.9 million after tax. For that financial year CAE TRAINING & SERVICES BRUSSELS recorded revenue of € 9.4 million and equity of € -7.4 million. Compared with financial year 2025, the result moved from € 1 million to € -8.9 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 September 14, 2026.
€ -7.4 million
▼ € 8.9 million vs 2025
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -8.9 million
▼ still € 1 million profit in 2025
Profit after tax over the fiscal year.
€ 1.6 million
▲ 25% vs 2025
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -13.2 million.
People and assets in 2026
19
Average over the fiscal year, from the social balance sheet.
€ 2.6 million
▲ 79% vs 2025
€ 138,100 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.
€ 180,287
▲ € 139,047 vs 2025
Book value of vehicles, furniture and equipment.
Debts at end 2026
€ 391,880
Loans from banks and other lenders, long and short.
€ 2.2 million
▼ 13% vs 2025
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 120 days on average.
€ 881,328
▲ 166% vs 2025
Wages, holiday pay and social contributions still to pay. No outstanding taxes.
| 2023 | 2024 | 2025 | 2026 | Change 2025 → 2026 | |
|---|---|---|---|---|---|
| Revenue | € 11,562,854 | € 7,867,263 | € 9,009,771 | € 9,396,187 | ▲ 4% |
| Profit after taxes | € -1,785,885 | € -1,125,880 | € 1,046,616 | € -8,907,592 | ▼ € 10 million |
| Equity | € 18,983,878 | € 454,506 | € 1,501,122 | € -7,379,545 | ▼ € 8.9 million |
| Total debts | € 9,114,810 | € 7,380,611 | € 6,352,913 | € 10,125,302 | ▲ 59% |
| Cash | € 1,033,904 | € 1,716,966 | € 1,283,015 | € 1,607,482 | ▲ 25% |
| Retained profit | € -4,171,850 | € -5,297,730 | € -4,251,114 | € -13,158,706 | ▼ € 8.9 million |
| Bank debt | € 1,450,000 | € 1,000,000 | € 0 | € 391,880 | |
| Balance sheet total | € 28,098,688 | € 7,835,117 | € 8,298,520 | € 10,219,092 | ▲ 23% |
| Employees (FTE) | 21.1 | 18.4 | 19 | 19 |
Key figures of CAE TRAINING & SERVICES BRUSSELS, fiscal years 2023 to 2026, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2027) expected before 31 October 2027.
What happened to CAE TRAINING & SERVICES BRUSSELS?
What happened at CAE TRAINING & SERVICES BRUSSELS in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Onno Rijsdijk stepped down as director. NBB
- James William Cahill stepped down as director. NBB
- Garcia Elipe Jose Maria stepped down as director. NBB
- New annual accounts for financial year 2026: loss of € 8.9 million (▼ € 10 million vs 2025). Source: NBB ↗
- Onno Rijsdijk became a director. NBB
- James William Cahill became a director. NBB
- Garcia Elipe Jose Maria became a director. NBB
- Quentin O'Mahony became a director. NBB
In short
From € 1.8 million loss in 2023 to € 8.9 million loss in 2026.
Paid € 13,145 in corporate taxes since 2023.
Best year ever: 2025, with € 1 million profit.
Pays suppliers within 120 days on average.
Management
The stake of CAE CENTER BRUSSELS comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
CAE TRAINING & SERVICES BRUSSELSBehind CAE TRAINING & SERVICES BRUSSELS is Quentin O'Mahony. The shares are held by CAE CENTER BRUSSELS (100%).
Directors
According to the 2026 annual accounts
since 2024
Onno Rijsdijk
Director
since 2026 · until 2032
since 2026 · until 2032
Garcia Elipe Jose Maria
Director
since 2026 · until 2032
Shareholders
100%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Luchthavenlaan 201
1820 Steenokkerzeel
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0439.598.654
- VAT number
- BE 0439.598.654
- Registered office
- Luchthavenlaan 201, 1820 Steenokkerzeel
- Names & denominations
- CAE TRAINING & SERVICES BRUSSELS
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 26 January 1990
- Peppol
- Active · Active since 21 Jan 2026
- Activities · NACE
Diensten in verband met de luchtvaart
Overige ondersteunende activiteiten i.v.m. de luchtvaart
Vlieg- en vaaronderricht