Financials
Financial year 2025
NETWORK AIRLINE SERVICES from Machelen (Brab.), company number BE0466014922, closed financial year 2025 with a result of € 195,286 after tax. For that financial year NETWORK AIRLINE SERVICES recorded a gross margin of € 1.9 million and equity of € 86,435. Compared with financial year 2024, the result moved from € 301,179 to € 195,286. The company is profitable. The buffer shrank hard: equity is 89 % below last year. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on July 16, 2026.
€ 86,435
▼ 89% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 195,286
▼ 35% vs 2024
Profit after tax over the fiscal year.
€ 1.7 million
▲ 33% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 900,000 paid out
More than the year’s profit went to the shareholders; reserves fell.
People and assets in 2025
11.6
▲ 1.1 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 1.6 million
€ 138,300 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.
€ 8,701
▼ 51% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
€ 1.6 million
▼ 7% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 186,055
▼ 61% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 1,790,348 | € 1,967,402 | € 2,017,187 | € 1,862,261 | ▼ 8% |
| Profit after taxes | € 93,327 | € 227,939 | € 301,179 | € 195,286 | ▼ 35% |
| Equity | € 262,030 | € 489,969 | € 791,148 | € 86,435 | ▼ 89% |
| Total debts | € 3,665,429 | € 3,057,290 | € 2,157,751 | € 2,655,265 | ▲ 23% |
| Cash | € 1,610,249 | € 496,690 | € 1,297,874 | € 1,732,568 | ▲ 33% |
| Retained profit | € 243,030 | € 470,969 | € 772,148 | € 67,435 | ▼ 91% |
| Dividend | € 0 | € 0 | € 0 | € 900,000 | |
| Balance sheet total | € 3,927,459 | € 3,547,259 | € 2,948,899 | € 2,741,700 | ▼ 7% |
| Employees (FTE) | 11.3 | 10.8 | 10.5 | 11.6 | ▲ 1.1 |
Key figures of NETWORK AIRLINE SERVICES, 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 NETWORK AIRLINE SERVICES?
What happened at NETWORK AIRLINE SERVICES in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 195,286 (▼ 35% vs 2024). Source: NBB ↗
- Alexander van Vilsteren became a director. NBB
- New establishment in Machelen (Brab.). KBO
- Andrew Michael Ballard became a director. NBB
- New establishment in Grâce-Hollogne. KBO
- Start of the company according to the CBE. KBO
In short
From € 93,327 profit in 2022 to € 195,286 profit in 2025.
Paid € 296,725 in corporate taxes since 2022.
Best year ever: 2024, with € 301,179 profit.
On average € 160,500 of value added per employee in 2025.
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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
Behind NETWORK AIRLINE SERVICES are Alexander van Vilsteren and Andrew Michael Ballard.
Directors
According to the 2025 annual accounts
Alexander van Vilsteren
Director
since 2022
Andrew Michael Ballard
Director
since 2013
Establishments
Establishment units
Physical locations of this company
Bedrijvenzone Machelen-Cargo 835 box PB13
1830 Machelen (Brab.)
Aéroport de Liège -
4460 Grâce-Hollogne
Active since 23 February 2000
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 6 companies are registered at this address.
All companies at this address →VIA Group
€ 22.9 million revenue · 2025
Globe Air Cargo
€ 769,956 gross margin · 2025
AERO CARGO INTERNATIONAL
€ 767,076 gross margin · 2025
FLYUS
€ 804,368 gross margin · 2025
GLOBAL AIRLINE SERVICES BELUX
€ 1.2 million gross margin · 2025
+1 more
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0466.014.922
- VAT number
- BE 0466.014.922
- Registered office
- Bedrijvenzone Machelen-Cargo 835 bus PB13, 1830 Machelen (Brab.)
- Names & denominations
- NETWORK AIRLINE SERVICES
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 7 May 1999
- Peppol
- Active · Active since 17 Apr 2026
- Activities · NACE
Logistieke diensten
Vervoersbemiddeling
Goederenvervoer door de lucht
Overige vervoerondersteunende activiteiten