Financials
Financial year 2025
North Sea Aviation Services from Oostende, company number BE0760786440, closed financial year 2025 with a result of € 725,339 after tax. For that financial year North Sea Aviation Services recorded a gross margin of € 1.5 million and equity of € 2.9 million. Compared with financial year 2024, the result moved from € 598,702 to € 725,339. 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 20, 2026.
€ 2.9 million
▲ 33% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 725,339
▲ 21% vs 2024
Profit after tax over the fiscal year.
€ 555,932
▲ 124% 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 € 2.4 million.
People and assets in 2025
1.6
▲ 0.2 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 162,618
▲ 48% vs 2024
€ 101,600 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.
€ 2.3 million
▼ 56% 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.
€ 126,684
▲ 96% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 27,915
▲ 134% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 623,979 | € 1,216,317 | € 1,313,292 | € 1,472,243 | ▲ 12% |
| Profit after taxes | € 479,314 | € 729,515 | € 598,702 | € 725,339 | ▲ 21% |
| Equity | € 848,846 | € 1,578,360 | € 2,177,062 | € 2,902,401 | ▲ 33% |
| Total debts | € 5,193,260 | € 4,390,258 | € 3,999,186 | € 2,063,292 | ▼ 48% |
| Cash | € 509,375 | € 738,140 | € 247,809 | € 555,932 | ▲ 124% |
| Land & buildings | € 254,449 | € 244,864 | € 232,141 | € 219,419 | ▼ 5% |
| Retained profit | € 348,846 | € 1,078,360 | € 1,677,062 | € 2,402,401 | ▲ 43% |
| Bank debt | € 36,237 | € 0 | € 0 | € 0 | |
| Balance sheet total | € 6,042,105 | € 5,968,618 | € 6,176,248 | € 4,965,693 | ▼ 20% |
| Employees (FTE) | 1.8 | 1.1 | 1.4 | 1.6 | ▲ 0.2 |
Key figures of North Sea Aviation 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 North Sea Aviation Services?
What happened at North Sea Aviation 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 € 725,339 (▲ 21% vs 2024). Source: NBB ↗
- New establishment in Oostende. KBO
- Start of the company according to the CBE. KBO
In short
From € 479,314 profit in 2022 to € 725,339 profit in 2025.
Paid € 312,148 in corporate taxes since 2022.
Best year ever: 2023, with € 729,515 profit.
On average € 920,200 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 North Sea Aviation Services are Michael Wilford, Jelle De Kinder and Jozef De Kinder. Michael Wilford is also behind BILLIMMO, Knokke Heliport, HELIMO, Heli Service Invest and OFFICE PARK FOURTEEN. Jozef De Kinder is also behind NORTH SEA AVIATION CENTER, SUPAIR and GRINTA VITALITY LAB.
Directors
According to the 2025 annual accounts
Michael Wilford
Director
Also active at: BILLIMMO, Knokke Heliport, HELIMO, Heli Service Invest, OFFICE PARK FOURTEEN
Jelle De Kinder
Director
Establishments
Establishment units
Physical locations of this company
Nieuwpoortsesteenweg 943
8400 Oostende
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 2 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
- 0760.786.440
- VAT number
- BE 0760.786.440
- Registered office
- Nieuwpoortsesteenweg 943, 8400 Oostende
- Names & denominations
- North Sea Aviation Services
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 4 January 2021
- Peppol
- Active · Active since 20 May 2025
- Activities · NACE
Beveiligingsactiviteiten, neg
Personenvervoer door de lucht
Diensten in verband met beveiligingssystemen
Vlieg- en vaaronderricht
Verhuur en lease van luchtvaartuigen
Diensten in verband met de luchtvaart
Goederenvervoer door de lucht