Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Negative equity NBB
More debt than assets in 2 of the last 4 fiscal years.
-
Two loss years in a row NBB
Negative result in 2025 and 2026.
-
Tight liquidity NBB
Cash and receivables cover 45 % of short-term debt in 2026; threshold 65 %.
-
Busy address KBO
42 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2026
PAS Aviation Belgium from Machelen (Brab.), company number BE0788476475, closed financial year 2026 with a result of € -12,674 after tax. For that financial year PAS Aviation Belgium recorded a gross margin of € -10,496 and equity of € -17,232. Compared with financial year 2025, the result moved from € -13,190 to € -12,674. The company made a loss. More debts than assets. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on March 30, 2026.
€ -17,232
▼ € 12,674 vs 2025
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -12,674
▲ 4 % less loss than in 2025
Profit after tax over the fiscal year.
€ 0
▼ 100% vs 2025
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -37,232.
People and assets in 2026
≈ 1
No payroll staff. One director, so that person most likely runs the business.
Debts at end 2026
None
No bank loans on the last day of the fiscal year.
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| 2023 | 2024 | 2025 | 2026 | Change 2025 → 2026 | |
|---|---|---|---|---|---|
| Gross margin | € 65,745 | € -12,474 | € -10,851 | € -10,496 | ▲ € 355 |
| Profit after taxes | € 4,236 | € -15,605 | € -13,190 | € -12,674 | ▲ € 516 |
| Equity | € 24,236 | € 8,631 | € -4,558 | € -17,232 | ▼ € 12,674 |
| Total debts | € 19,890 | € 18,523 | € 17,850 | € 31,364 | ▲ 76% |
| Cash | € 1,268 | € 1,268 | € 1,268 | € 0 | ▼ 100% |
| Retained profit | € 4,236 | € -11,369 | € -24,558 | € -37,232 | ▼ € 12,674 |
| Balance sheet total | € 44,126 | € 27,154 | € 13,292 | € 14,132 | ▲ 6% |
Key figures of PAS Aviation Belgium, fiscal years 2023 to 2026, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2027) expected before 24 October 2027.
What happened to PAS Aviation Belgium?
What happened at PAS Aviation Belgium in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2026: loss of € 12,674. Source: NBB ↗
- New establishment in Machelen (Brab.). KBO
- Start of the company according to the CBE. KBO
In short
From € 4,236 profit in 2023 to € 12,674 loss in 2026.
Paid € 2,309 in corporate taxes since 2023.
Best year ever: 2023, with € 4,236 profit.
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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 PAS Aviation Belgium is Philip Ashley-Smith.
Directors
According to the 2026 annual accounts
Philip Ashley-Smith
Director
Establishments
Establishment units
Physical locations of this company
Pegasuslaan 5
1831 Machelen (Brab.)
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 42 companies are registered at this address.
All companies at this address →EuroFlorist België
€ -37,274 gross margin · 2025
Mk&Gr
€ 61,407 gross margin · 2022
The Belgian Cricket Federation
€ 38,688 gross margin · 2024
Milnor International
€ 27,699 gross margin · 2025
FICONAD-UNIBRAIN
€ 19,651 gross margin · 2025
+37 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
- 0788.476.475
- VAT number
- BE 0788.476.475
- Registered office
- Pegasuslaan 5, 1831 Machelen (Brab.)
- Names & denominations
- PAS Aviation Belgium
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 12 July 2022
- Peppol
- Active · Active since 18 Dec 2025
- Activities · NACE
Diensten in verband met de luchtvaart
Activiteiten van adviesbureaus op het gebied van bedrijfsvoering en overig managementadvies
Personenvervoer door de lucht
Goederenvervoer door de lucht
Overige adviesbureaus op het gebied van bedrijfsbeheer; adviesbureaus op het gebied van bedrijfsvoering