Ranking · Flanders · NACE 51
Air transport: the largest companies in Flanders
As of 12 Nov 2026, 173 companies in Air transport (NACE 51) in Flanders publish total assets in recent accounts (financial years 2023 to 2026). The top 10 account for €2.01bn, out of €2.15bn for all of them; median total assets are 219,279 €. SN Airholding leads with €693.0m (financial year 2025).
Top 50 · Air transport · Flanders
Ranked by total assets in the latest filed accounts. This is a size criterion, not an assessment.
| # | Company | Total assets | Revenue | Equity | FTE | Year |
|---|---|---|---|---|---|---|
| 1 | SN Airholding 1831 Machelen (Brab.) | €693.0m | €21.5m | €689.3m | 166.5 | 2025 |
| 2 | Brussels Airlines 1831 Machelen (Brab.) | €598.4m | €1.70bn | −€156.9m | 2,831.9 | 2025 |
| 3 | TUI Airlines Belgium 1930 Zaventem | €482.4m | €732.1m | −€340.8m | 1,073.0 | 2025 |
| 4 | Noordzee Helikopters Vlaanderen 8400 Ostend | €91.1m | €27.7m | €18.1m | 129.2 | 2025 |
| 5 | Abelag Aviation 8560 Wevelgem | €47.2m | €77.0m | €13.1m | 59.8 | 2024 |
| 6 | Flying Service 2100 Antwerp | €35.4m | €93.0m | €3.25m | 75.0 | 2025 |
| 7 | Air Service Liege 3500 Hasselt | €24.6m | €47.8m | €11.6m | 37.7 | 2025 |
| 8 | Sporting Lokeren Academy 9160 Lokeren | €19.2m | — | €17.2m | 2.3 | 2025 |
| 9 | Abelag Handling 1930 Zaventem | €10.5m | €10.5m | −€1.71m | 28.6 | 2025 |
| 10 | dnata 1830 Machelen (Brab.) | €10.2m | €20.2m | €1.79m | 143.8 | 2025 |
| 11 | Internationale Luchthaven Kortrijk-Wevelgem 8560 Wevelgem | €9.62m | — | €6.32m | 16.1 | 2025 |
| 12 | Brink's Global Services Antwerp 2018 Antwerp | €8.90m | €3.32m | €8.40m | 12.0 | 2025 |
| 13 | The Aviation Factory 2100 Antwerp | €6.95m | €37.6m | €1.72m | 6.8 | 2025 |
| 14 | Sea-Air 9042 Ghent | €6.48m | — | 134,928 € | — | 2025 |
| 15 | H.W.P. 3500 Hasselt | €6.38m | 83,121 € | €6.15m | — | 2025 |
| 16 | Eagle Air Agencies 1820 Steenokkerzeel | €6.14m | €22.7m | €2.77m | 17.5 | 2025 |
| 17 | JWB Aviation 3540 Herk-de-Stad | €5.69m | — | €2.63m | — | 2025 |
| 18 | Ferrari Belgium 2018 Antwerp | €5.02m | — | €3.33m | 25.0 | 2025 |
| 19 | North Sea Aviation Services 8400 Ostend | €4.97m | — | €2.90m | 1.6 | 2025 |
| 20 | Fracht Belgium Air 1830 Machelen (Brab.) | €4.88m | €11.2m | €2.46m | 9.7 | 2025 |
| 21 | VP Verhuurbedrijf 9220 Hamme (Vl.) | €3.62m | — | €3.58m | — | 2025 |
| 22 | ASL Fleetco 3500 Hasselt | €3.37m | — | €1.72m | 9.4 | 2025 |
| 23 | Onze Haard 2000 Antwerp | €3.29m | — | €2.46m | — | 2025 |
| 24 | Baltair 9051 Ghent | €2.90m | — | 332,317 € | — | 2025 |
| 25 | Network Airline Services 1830 Machelen (Brab.) | €2.74m | — | 86,435 € | 11.6 | 2025 |
| 26 | Newton 9500 Geraardsbergen | €2.74m | — | €1.76m | — | 2025 |
| 27 | EMT 8587 Spiere-Helkijn | €2.40m | 97,436 € | −58,848 € | — | 2025 |
| 28 | Pslab 2000 Antwerp | €2.26m | — | 440,741 € | 3.9 | 2025 |
| 29 | A Drone Logistics Company 2000 Antwerp | €2.02m | — | −843,438 € | 3.9 | 2025 |
| 30 | Platinum ICT 2970 Schilde | €1.53m | — | €1.47m | — | 2025 |
| 31 | Flyco 2160 Wommelgem | €1.43m | — | €1.43m | — | 2025 |
| 32 | Atlantic Ballooning 9070 Destelbergen | €1.34m | — | 520,852 € | — | 2025 |
| 33 | East African Cargo 1933 Zaventem | €1.24m | — | 579,603 € | — | 2025 |
| 34 | LOB-OIL 8870 Izegem | €1.22m | — | 86,563 € | — | 2025 |
| 35 | Heliventure FTO 3800 Sint-Truiden | €1.18m | — | 861,110 € | — | 2025 |
| 36 | Gevanca 2970 Schilde | €1.12m | — | 852,288 € | 1.0 | 2025 |
| 37 | Switchpoint 3960 Bree | €1.12m | — | −253,189 € | — | 2025 |
| 38 | Helimo 2550 Kontich | €1.07m | — | 403,241 € | — | 2025 |
| 39 | Ilpam 9831 Sint-Martens-Latem | €1.06m | — | 144,129 € | — | 2025 |
| 40 | Skyview Balloons 8550 Zwevegem | €1.05m | — | 294,766 € | — | 2025 |
| 41 | Cadimmair 8300 Knokke-Heist | €1.04m | — | 474,134 € | — | 2025 |
| 42 | Flightwatch 8490 Jabbeke | €1.03m | — | 298,789 € | 1.8 | 2026 |
| 43 | Step in Balloons 3294 Diest | €1.01m | — | 286,607 € | — | 2025 |
| 44 | Aeroconsult 9050 Ghent | 998,875 € | 255,321 € | 350,208 € | — | 2025 |
| 45 | Rocco Granata 2950 Kapellen | 988,244 € | — | 988,244 € | — | 2025 |
| 46 | Flying Partners 2100 Antwerp | 957,349 € | 948,949 € | 192,161 € | — | 2025 |
| 47 | EuroPilot Center 2100 Antwerp | 953,757 € | — | 288,608 € | 1.3 | 2024 |
| 48 | Joorest 1745 Opwijk | 806,835 € | — | 139,186 € | — | 2025 |
| 49 | Volocom 8560 Wevelgem | 790,534 € | — | 779,927 € | — | 2025 |
| 50 | Madou 9931 Lievegem | 742,944 € | — | 156,460 € | — | 2025 |
Ranking based on each company's own annual accounts (statutory, not consolidated): a subsidiary and its parent appear separately, and the ranking differs from lists based on consolidated group accounts.
“—”: not published. Small companies (micro and abridged accounts) do not have to publish their revenue.
Air transport across Belgium → All sectors · Flanders →
Other sectors · Flanders
- 01 Crop and animal production, hunting and related service activities5,114
- 02 Forestry and logging186
- 03 Fishing and aquaculture102
- 08 Other mining and quarrying88
- 09 Mining support service activities32
- 10 Manufacture of food products3,220
- 11 Manufacture of beverages386
- 12 Manufacture of tobacco products16
- 13 Manufacture of textiles704
- 14 Manufacture of wearing apparel299
- 15 Manufacture of leather and related products of other materials50
- 16 Manufacture of wood and of products of wood and cork, except furniture; manufacture of articles of straw and plaiting materials1,102
- 17 Manufacture of paper and paper products196
- 18 Printing and reproduction of recorded media1,328
- 19 Manufacture of coke and refined petroleum products18
- 20 Manufacture of chemicals and chemical products539
- 21 Manufacture of basic pharmaceutical products and pharmaceutical preparations281
- 22 Manufacture of rubber and plastic products561
- 23 Manufacture of other non-metallic mineral products952
- 24 Manufacture of basic metals244
- 25 Manufacture of fabricated metal products, except machinery and equipment4,115
- 26 Manufacture of computer, electronic and optical products460
- 27 Manufacture of electrical equipment489
- 28 Manufacture of machinery and equipment n.e.c.1,127
- 29 Manufacture of motor vehicles, trailers and semi-trailers307
- 30 Manufacture of other transport equipment132
- 31 Manufacture of furniture968
- 32 Other manufacturing960
- 33 Repair, maintenance and installation of machinery and equipment2,361
- 35 Electricity, gas, steam and air conditioning supply623
- 36 Water collection, treatment and supply41
- 37 Sewerage127
- 38 Waste collection, recovery and disposal activities664
- 39 Remediation activities and other waste management service activities112
- 41 Construction of residential and non-residential buildings12,390
- 42 Civil engineering2,400
- 43 Specialised construction activities35,294
- 46 Wholesale trade24,470
- 47 Retail trade26,224
- 49 Land transport and transport via pipelines7,319
- 50 Water transport339
- 52 Warehousing, storage and support activities for transportation2,364
- 53 Postal and courier activities573
- 55 Accommodation2,106
- 56 Food and beverage service activities16,014
- 58 Publishing activities768
- 59 Motion picture, video and television programme production, sound recording and music publishing activities1,456
- 60 Programming, broadcasting, news agency and other content distribution activities163
- 61 Telecommunication294
- 62 Computer programming, consultancy and related activities18,472
- 63 Computing infrastructure, data processing, hosting and other information service activities2,623
- 64 Financial service activities, except insurance and pension funding20,945
- 65 Insurance, reinsurance and pension funding, except compulsory social security152
- 66 Activities auxiliary to financial services and insurance activities5,256
- 68 Real estate activities32,646
- 69 Legal and accounting activities12,868
- 70 Activities of head offices and management consultancy35,926
- 71 Architectural and engineering activities; technical testing and analysis9,882
- 72 Scientific research and development599
- 73 Activities of advertising, market research and public relations6,897
- 74 Other professional, scientific and technical activities3,244
- 75 Veterinary activities1,234
- 77 Rental and leasing activities2,338
- 78 Employment activities1,219
- 79 Travel agency, tour operator and other reservation service and related activities644
- 80 Investigation and security activities301
- 81 Services to buildings and landscape activities5,098
- 82 Office administrative, office support and other business support activities9,438
- 84 Public administration and defence; compulsory social security98
- 85 Education2,506
- 86 Human health activities25,365
- 87 Residential care activities583
- 88 Social work activities without accommodation1,024
- 90 Arts creation and performing arts activities2,109
- 91 Libraries, archives, museums and other cultural activities129
- 92 Gambling and betting activities119
- 93 Sports activities and amusement and recreation activities2,717
- 94 Activities of membership organisations457
- 95 Repair and maintenance of computers, personal and household goods, and motor vehicles and motorcycles2,942
- 96 Personal service activities4,643
Municipalities with the most companies in the sector · Flanders
- 2100 Antwerp (Deurne)10
- 2000 Antwerp7
- 3500 Hasselt (Sint-Lambrechts-Herk)6
- 1830 Machelen (Brab.) (Machelen)5
- 1930 Zaventem (Nossegem)4
- 8400 Ostend (Stene, Zandvoorde)4
- 9100 Sint-Niklaas (Nieuwkerken-Waas)4
- 9220 Hamme (Vl.) (Hamme, Moerzeke)4
- 1831 Machelen (Brab.) (Diegem)3
- 2970 Schilde ('s Gravenwezel)3
- 3600 Genk3
- 8560 Wevelgem (Gullegem, Moorsele)3
Frequently asked questions
Which is the largest company in Air transport in Flanders?
By total assets, it is SN Airholding (€693.0m, financial year 2025).
How many companies in Air transport in Flanders are ranked?
173 out of 177 active companies in the sector with their registered office in the area: those whose latest accounts are less than 3 years old.
Why does this ranking differ from other lists?
It uses each company's annual accounts as filed with the National Bank, not consolidated group accounts. A holding, a subsidiary or a purchasing entity can therefore appear separately. Only companies whose latest accounts are less than 3 years old are ranked.
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Active companies (legal entities) that have filed at least one set of annual accounts, based on the Crossroads Bank for Enterprises and the National Bank of Belgium. The sector is the main activity in the register; the municipality is that of the registered office. Data updated on 12 Nov 2026.