Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Tight liquidity NBB
Cash and receivables cover 65 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
NOORDZEE HELIKOPTERS VLAANDEREN from Oostende, company number BE0460718920, closed financial year 2025 with a result of € 1.5 million after tax. For that financial year NOORDZEE HELIKOPTERS VLAANDEREN recorded revenue of € 27.7 million and equity of € 18.1 million. Compared with financial year 2024, the result moved from € -1.8 million to € 1.5 million. Profitable, and profit is growing. The buffer is growing. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on June 23, 2026.
€ 18.1 million
▲ 9% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 1.5 million
▲ still € 1.8 million loss in 2024
Profit after tax over the fiscal year.
€ 1.1 million
▼ 31% 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 € 3.2 million.
People and assets in 2025
129.2
▼ 7.2 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 12.6 million
€ 97,500 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.
€ 10 million
▲ 21% vs 2024
Of which on lease € 9.9 million.
Debts at end 2025
€ 14.3 million
▼ 34% vs 2024
€ 1.8 million is repaid this year. At this pace the long-term loan is gone in ≈ 8 years.
€ 22.9 million
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 214 days on average.
€ 2.9 million
▲ 18% vs 2024
Taxes, VAT and social contributions still to pay.
Want to see how much further we take a dossier in the Pro version? Open the free De Lijn example and give feedback →
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 43,927,894 | € 46,921,168 | € 32,664,787 | € 27,723,907 | ▼ 15% |
| Profit after taxes | € -6,226,345 | € -79,666,915 | € -1,766,956 | € 1,483,204 | ▲ € 3.3 million |
| Equity | € -16,973,298 | € -96,640,213 | € 16,592,832 | € 18,076,036 | ▲ 9% |
| Total debts | € 209,562,297 | € 178,113,619 | € 71,260,754 | € 70,107,382 | ▼ 2% |
| Cash | € 1,288,286 | € 449,195 | € 1,617,098 | € 1,123,070 | ▼ 31% |
| Land & buildings | € 306,440 | € 301,922 | € 263,567 | € 225,875 | ▼ 14% |
| Retained profit | € -106,973,298 | € -186,640,213 | € 1,690,927 | € 3,174,132 | ▲ 88% |
| Bank debt | € 134,052,533 | € 139,977,474 | € 21,837,107 | € 14,345,951 | ▼ 34% |
| Balance sheet total | € 195,021,463 | € 83,060,109 | € 91,301,226 | € 91,123,737 | |
| Employees (FTE) | 141.4 | 140.7 | 136.4 | 129.2 | ▼ 7.2 |
Key figures of NOORDZEE HELIKOPTERS VLAANDEREN, 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 NOORDZEE HELIKOPTERS VLAANDEREN?
What happened at NOORDZEE HELIKOPTERS VLAANDEREN in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Lars-Henrik Thorngreen stepped down as director. NBB
- Michael Gislam stepped down as director. NBB
- New annual accounts for financial year 2025: profit of € 1.5 million. Source: NBB ↗
- Lars-Henrik Thorngreen became a director. NBB
- Michael Gislam became a director. NBB
- New establishment in Oostende. KBO
- Start of the company according to the CBE. KBO
In short
From € 6.2 million loss in 2022 to € 1.5 million profit in 2025.
Paid € 122,995 in corporate taxes since 2022.
Best year ever: 2025, with € 1.5 million profit.
A new publication or filing at NOORDZEE HELIKOPTERS VLAANDEREN? We notify you, reason included.
Follow NOORDZEE HELIKOPTERS VLAANDERENDatabakkes Pro
Know what changes at your customers, suppliers and competitors. Without reading an annual account.
- Follow them in one folder Every company in your folder gets this full dossier: household book, all fiscal years, benchmark against companies of the same size.
- We alert you, with the reason New annual account, Official Gazette publication or status change: you get what changed and where it says so.
- In bulk too, and in ChatGPT and Claude Upload your customer list and get the warning signs back per company. Or ask in your own AI assistant, with this register as the source.
Databakkes Pro is being built. Sign up now and you are first in line for an invitation, with a month to try without a credit card.
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 stake of NHV Group comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
NOORDZEE HELIKOPTERS VLAANDERENThe shares are held by NHV Group (100%). It owns 100% of NHV Helicopters Ltd, 100% of NHV Ghana Ltd, 100% of Noordzee Helikopters Nederland, 49% of NHV Cote d'Ivoire and NHV Aviation Ltd itself.
Directors
According to the 2025 annual accounts
since 2024 · until 2030
Michael Gislam
Director
since 2021 · until 2030
Shareholders
100%
Participations
NHV Helicopters Ltd
100%
NHV Ghana Ltd
100%
Noordzee Helikopters Nederland
100%
NHV Cote d'Ivoire
49%
NHV Aviation Ltd
Establishments
Establishment units
Physical locations of this company
Kalkaertstraat 101
8400 Oostende
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 3 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
- 0460.718.920
- VAT number
- BE 0460.718.920
- Registered office
- Kalkaertstraat 101, 8400 Oostende
- Names & denominations
- NOORDZEE HELIKOPTERS VLAANDEREN · N.H.V.
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 23 May 1997
- Peppol
- Active · Active since 23 Dec 2025
- Activities · NACE
Luchtvaart zonder dienstregeling
Personenvervoer door de lucht