Financials
Financial year 2025
BEL Air Cargo from Grâce-Hollogne, company number BE0774771464, closed financial year 2025 with a result of € 2.4 million after tax. For that financial year BEL Air Cargo recorded revenue of € 345.8 million and equity of € 4.4 million. Compared with financial year 2024, the result moved from € 1.8 million to € 2.4 million. Profitable, and profit is growing. The buffer is growing. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on July 23, 2026.
€ 4.4 million
▲ 120% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 2.4 million
▲ 30% vs 2024
Profit after tax over the fiscal year.
€ 31.2 million
▲ 108% 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 € 2.7 million.
People and assets in 2025
5
▼ 0.3 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 314,798
▼ 64% vs 2024
€ 63,000 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.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
€ 47.7 million
▼ 21% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 52 days on average.
€ 116,413
▼ 76% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 279,046,824 | € 295,557,548 | € 331,833,732 | € 345,759,425 | ▲ 4% |
| Profit after taxes | € 3,007,836 | € -4,508,160 | € 1,835,583 | € 2,388,175 | ▲ 30% |
| Equity | € 3,157,836 | € -1,350,324 | € 1,985,259 | € 4,373,434 | ▲ 120% |
| Total debts | € 210,830,645 | € 65,158,110 | € 61,104,741 | € 52,035,908 | ▼ 15% |
| Cash | € 14,069,085 | € 8,248,174 | € 15,012,532 | € 31,244,664 | ▲ 108% |
| Retained profit | € 3,007,836 | € -1,500,324 | € 335,259 | € 2,723,434 | ▲ € 2.4 million |
| Balance sheet total | € 213,988,481 | € 63,807,786 | € 63,090,000 | € 56,409,342 | ▼ 11% |
| Employees (FTE) | - | - | 5.3 | 5 | ▼ 0.3 |
Key figures of BEL Air Cargo, 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 BEL Air Cargo?
What happened at BEL Air Cargo in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 2.4 million (▲ 30% vs 2024). Source: NBB ↗
- Michael Carème became a director. NBB
- New establishment in Grâce-Hollogne. KBO
- Colin Grant became a director. NBB
- Start of the company according to the CBE. KBO
In short
From € 3 million profit in 2022 to € 2.4 million profit in 2025.
Paid € 1.4 million in corporate taxes since 2022.
Best year ever: 2022, with € 3 million profit.
Pays suppliers within 52 days on average.
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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 BEL Air Cargo are Michael Carème and Colin Grant.
Directors
According to the 2025 annual accounts
Michael Carème
Director
since 2024
Colin Grant
Director
since 2021
Establishments
Establishment units
Physical locations of this company
Rue de l'Aéroport 101
4460 Grâce-Hollogne
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.
Website
Technologies
Hosting & Email
Email provider
Microsoft 365
Hosting
GANDI-AS-2 Domain name registrar - www.gandi.net, FR
Domain
Domain
belaircargo.com
Registered
2021-03-02
Registrar
Gandi SAS
Expires
2027-03-02
Website info
Features
Security
Network
Details
- Company number
- 0774.771.464
- VAT number
- BE 0774.771.464
- Registered office
- Rue de l'Aéroport 101, 4460 Grâce-Hollogne
- Names & denominations
- BEL Air Cargo
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 29 September 2021
- Peppol
- Active · Active since 19 Nov 2025
- Contact
- belaircargo.com [email protected]
- Activities · NACE
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