Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Board fully replaced NBB
No director from three years ago is still active according to annual account 2025.
Financials
Financial year 2025
NHV Group from Oostende, company number BE0544424376, closed financial year 2025 with a result of € -2.1 million after tax. For that financial year NHV Group recorded revenue of € 1.3 million and equity of € 171.2 million. Compared with financial year 2024, the result moved from € 4.8 million to € -2.1 million. 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 June 23, 2026.
€ 171.2 million
▼ 1% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -2.1 million
▼ still € 4.8 million profit in 2024
Profit after tax over the fiscal year.
€ 69,768
▲ € 64,858 vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -164.2 million.
People and assets in 2025
€ 8,952
▲ € 8,874 vs 2024
Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
Debts at end 2025
€ 32 million
▼ 26% vs 2024
Loans from banks and other lenders, long and short.
€ 314,134
▼ 47% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 94 days on average.
€ 244,023
▼ 22% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 1,788,272 | € 1,020,057 | € 625,812 | € 1,323,010 | ▲ 111% |
| Profit after taxes | € 5,236,489 | € 4,819,143 | € 4,781,020 | € -2,108,623 | ▼ € 6.9 million |
| Equity | € 163,671,762 | € 168,490,904 | € 173,271,924 | € 171,163,301 | ▼ 1% |
| Total debts | € 40,034,634 | € 43,905,941 | € 44,722,480 | € 34,392,927 | ▼ 23% |
| Cash | € 216,974 | € 7,296 | € 4,910 | € 69,768 | ▲ € 64,858 |
| Retained profit | € -171,681,682 | € -166,862,540 | € -162,081,520 | € -164,190,143 | ▼ € 2.1 million |
| Bank debt | € 38,709,077 | € 40,644,531 | € 43,257,394 | € 32,011,744 | ▼ 26% |
| Balance sheet total | € 203,706,396 | € 212,396,845 | € 217,994,404 | € 205,556,228 | ▼ 6% |
Key figures of NHV Group, 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 NHV Group?
What happened at NHV Group in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- DOos NV stepped down as director. NBB
- New annual accounts for financial year 2025: loss of € 2.1 million (▼ € 6.9 million vs 2024). Source: NBB ↗
- Béatrice Beitmann stepped down as director. NBB
- Anaïs Robin stepped down as director. NBB
- Arjulo BV stepped down as director. NBB
- Olivier Personnaz became a director. NBB
- Nicolas Darnaud stepped down as director. NBB
- DOos NV became a director. NBB
In short
From € 5.2 million profit in 2022 to € 2.1 million loss in 2025.
Paid € 3 million in corporate taxes since 2022.
Best year ever: 2022, with € 5.2 million profit.
Pays suppliers within 94 days on average.
Management
Behind NHV Group are Olivier Personnaz and Lars-Henrik Thorngreen. It owns 100% of NHV Invest and 100% of Noordzee Helicopters Vlaanderen itself.
Directors
According to the 2025 annual accounts
Olivier Personnaz
Director
since 2025
since 2024
Béatrice Beitmann
Director
since 2020 · until 2026
Director · represented by Eric Van Hal
since 2025 · until 2026
Nicolas Darnaud
Director
since 2020 · until 2025
Anaïs Robin
Director
since 2020 · until 2026
Director · represented by Liesbeth Tielemans
Also active at: ICT Talents, Engi Talents, BELGIUM TECHNICAL SUPPORT, HOUSE OF TALENTS, MIDES SHARED SERVICES, ACG Groep, SOROMA, Tech Talents +12 more
since 2020 · until 2026
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
- 0544.424.376
- VAT number
- BE 0544.424.376
- Registered office
- Kalkaertstraat 101, 8400 Oostende
- Names & denominations
- NHV Group
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 9 January 2014
- Peppol
- Active · Active since 23 Dec 2025
- Activities · NACE
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