Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Shrinking team NBB
FTE fell two years in a row, from 7.6 to 5.4.
Financials
Financial year 2025
ICELANDAIR LOGISTIC from Grâce-Hollogne, company number BE0474976435, closed financial year 2025 with a result of € 77,370 after tax. For that financial year ICELANDAIR LOGISTIC recorded a gross margin of € 813,803 and equity of € 293,063. Compared with financial year 2024, the result moved from € 2,772 to € 77,370. Profitable, and profit is growing. The buffer is growing. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on July 30, 2026.
€ 293,063
▲ 36% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 77,370
▲ € 74,598 vs 2024
Profit after tax over the fiscal year.
€ 289,241
▲ 52% 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 € 181,063.
People and assets in 2025
5.4
▼ 1.4 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 681,876
▼ 15% vs 2024
€ 126,300 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.
€ 52,652
▼ 25% vs 2024
Of which on lease € 52,412.
Debts at end 2025
€ 61,635
▼ 23% vs 2024
€ 19,549 is repaid this year. At this pace the long-term loan is gone in ≈ 3 years.
€ 167,753
▼ 4% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 128,747
▲ 17% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 784,235 | € 817,730 | € 847,425 | € 813,803 | ▼ 4% |
| Profit after taxes | € 160,882 | € -591 | € 2,772 | € 77,370 | ▲ € 74,598 |
| Equity | € 463,512 | € 212,921 | € 215,693 | € 293,063 | ▲ 36% |
| Total debts | € 945,293 | € 793,544 | € 370,688 | € 363,136 | ▼ 2% |
| Cash | € 1,083,981 | € 651,227 | € 190,535 | € 289,241 | ▲ 52% |
| Retained profit | € 351,512 | € 100,921 | € 103,693 | € 181,063 | ▲ 75% |
| Dividend | € 330,000 | € 250,000 | € 0 | € 0 | |
| Bank debt | € 114,861 | € 97,979 | € 80,251 | € 61,635 | ▼ 23% |
| Balance sheet total | € 1,408,805 | € 1,006,464 | € 586,381 | € 656,199 | ▲ 12% |
| Employees (FTE) | 5.1 | 7.6 | 6.8 | 5.4 | ▼ 1.4 |
Key figures of ICELANDAIR LOGISTIC, 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 ICELANDAIR LOGISTIC?
What happened at ICELANDAIR LOGISTIC in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Sigurgeir Mar Halldorsson stepped down as director. NBB
- Kristjan Sigurdur Arnason stepped down as director. NBB
- Einar Mar Gudmundsson stepped down as director. NBB
- Inga Björk Gudmundsdottir stepped down as director. NBB
- New annual accounts for financial year 2025: profit of € 77,370 (▲ € 74,598 vs 2024). Source: NBB ↗
- Kristjan Sigurdur Arnason became a director. NBB
- Inga Björk Gudmundsdottir became a director. NBB
- Sigurgeir Mar Halldorsson became a director. NBB
In short
From € 160,882 profit in 2022 to € 77,370 profit in 2025.
Paid € 127,767 in corporate taxes since 2022.
Best year ever: 2022, with € 160,882 profit.
On average € 150,700 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
Directors
According to the 2025 annual accounts
Sigurgeir Mar Halldorsson
Director
since 2024 · until 2029
Kristjan Sigurdur Arnason
Personne déléguée à la gestion journalière
since 2024 · until 2029
Einar Mar Gudmundsson
Managing director
since 2024 · until 2029
Inga Björk Gudmundsdottir
Personne déléguée à la gestion journalière
since 2024 · until 2029
Establishments
Establishment units
Physical locations of this company
Rue Saint-Exupéry SN
4460 Grâce-Hollogne
Rue Saint-Exupéry Bat 16
4460 Grâce-Hollogne
Active since 6 June 2001
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0474.976.435
- VAT number
- BE 0474.976.435
- Registered office
- Rue Saint-Exupéry SN, 4460 Grâce-Hollogne
- Names & denominations
- ICELANDAIR LOGISTIC · I.A.L.
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 12 June 2001
- Peppol
- Active · Active since 27 Nov 2025
- Activities · NACE
Logistieke diensten
Bevrachting
Luchtvaart volgens dienstregeling
Goederenvervoer door de lucht
Overige vervoerondersteunende activiteiten