Financials
Financial year 2025
SAL International Ground Handling Belgium from Grâce-Hollogne, company number BE0449093172, closed financial year 2025 with a result of € -98,107 after tax. For that financial year SAL International Ground Handling Belgium recorded revenue of € 24.3 million and equity of € 9.6 million. Compared with financial year 2024, the result moved from € 3 million to € -98,107. The company made a loss. The company holds a healthy buffer. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on July 22, 2026.
€ 9.6 million
▼ 1% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -98,107
▼ still € 3 million profit in 2024
Profit after tax over the fiscal year.
€ 3,373
▲ 128% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € 8.1 million.
People and assets in 2025
207.2
▲ 29 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 14.4 million
▲ 10% vs 2024
€ 69,300 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.
€ 36,289
▼ 14% vs 2024
Of which on lease € 468.
Debts at end 2025
€ 635,117
▼ 31% vs 2024
€ 308,804 is repaid this year. At this pace the long-term loan is gone in ≈ 2 years.
€ 4.8 million
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 177 days on average.
€ 4.1 million
▼ 9% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 22,923,590 | € 25,821,786 | € 28,667,209 | € 24,316,224 | ▼ 15% |
| Profit after taxes | € 549,275 | € 2,940,168 | € 3,043,355 | € -98,107 | ▼ € 3.1 million |
| Equity | € 3,750,377 | € 6,690,545 | € 9,733,900 | € 9,635,793 | ▼ 1% |
| Total debts | € 7,433,555 | € 8,866,659 | € 10,662,182 | € 9,608,894 | ▼ 10% |
| Cash | € 6,698 | € 2,907 | € 1,477 | € 3,373 | ▲ 128% |
| Retained profit | € 2,250,377 | € 5,190,545 | € 8,233,900 | € 8,135,793 | ▼ 1% |
| Bank debt | € 1,200,000 | € 1,200,000 | € 926,066 | € 635,117 | ▼ 31% |
| Balance sheet total | € 11,377,615 | € 15,761,387 | € 20,510,232 | € 19,315,613 | ▼ 6% |
| Employees (FTE) | 171.3 | 176 | 178.2 | 207.2 | ▲ 29 |
Key figures of SAL International Ground Handling Belgium, 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 SAL International Ground Handling Belgium?
What happened at SAL International Ground Handling Belgium in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Richard Prince stepped down as director. NBB
- New annual accounts for financial year 2025: loss of € 98,107 (▼ € 3.1 million vs 2024). Source: NBB ↗
- Richard Prince became a director. NBB
- New establishment in Grâce-Hollogne. KBO
- New establishment in Grâce-Hollogne. KBO
- Start of the company according to the CBE. KBO
In short
From € 549,275 profit in 2022 to € 98,107 loss in 2025.
Paid € 694,404 in corporate taxes since 2022.
Best year ever: 2024, with € 3 million profit.
Pays suppliers within 177 days on average.
Management
The stake of Aviapartner Holding, Aviapartner Belgium comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
SAL International Ground Handling BelgiumThe shares are held by Aviapartner Holding (88.9%) and Aviapartner Belgium (6.1%).
Directors
According to the 2025 annual accounts
Richard Prince
Director
since 2024 · until 2031
Shareholders
88.9%
6.1%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Rue Saint-Exupéry 22
4460 Grâce-Hollogne
Aéroport de Liège sn
4460 Grâce-Hollogne
Active since 14 December 1992
Rue Saint-Exupéry 22B
4460 Grâce-Hollogne
Active since 29 April 2016
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0449.093.172
- VAT number
- BE 0449.093.172
- Registered office
- Rue Saint-Exupéry 22, 4460 Grâce-Hollogne
- Names & denominations
- SAL International Ground Handling Belgium
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 14 December 1992
- Peppol
- Active · Active since 18 Dec 2025
- Activities · NACE
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