Ranking · Wallonia · NACE 51
Air transport: the largest companies in Wallonia
As of 14 Nov 2026, 53 companies in Air transport (NACE 51) in Wallonia publish total assets in recent accounts (financial years 2023 to 2026). The top 10 account for €277.9m, out of €284.6m for all of them; median total assets are 101,412 €. ASL Airlines Belgium leads with €176.4m (financial year 2025).
Top 50 · Air transport · Wallonia
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 | ASL Airlines Belgium 4460 Grâce-Hollogne | €176.4m | €665.5m | €43.0m | 409.4 | 2025 |
| 2 | Air Belgium 1435 Mont-Saint-Guibert | €42.0m | €134.4m | −€68.5m | 451.2 | 2023 |
| 3 | Air Belgium 1435 Mont-Saint-Guibert | €33.9m | €94.2m | −€22.1m | 114.1 | 2025 |
| 4 | European Aircraft Private Club 6040 Charleroi | €15.0m | €22.9m | €3.50m | 34.1 | 2025 |
| 5 | Heli and Co 4460 Grâce-Hollogne | €3.39m | — | €1.19m | 2.3 | 2025 |
| 6 | ASL Liege 4460 Grâce-Hollogne | €2.72m | — | 33,925 € | 2.3 | 2025 |
| 7 | Rich Sale Europe 4460 Grâce-Hollogne | €1.52m | — | 88,980 € | — | 2025 |
| 8 | EOLE Services 1410 Waterloo | €1.16m | — | 752,730 € | — | 2025 |
| 9 | STB Copter 7730 Estaimpuis | €1.03m | — | 621,769 € | — | 2025 |
| 10 | Flyeurop 4000 Liège | 783,080 € | — | −162,840 € | 1.0 | 2025 |
| 11 | VLS 1300 Wavre | 752,249 € | — | 152,758 € | — | 2024 |
| 12 | Icelandair Logistic 4460 Grâce-Hollogne | 656,199 € | — | 293,063 € | 5.4 | 2025 |
| 13 | ADV 7700 Mouscron | 539,936 € | — | −82,604 € | — | 2025 |
| 14 | Keros Aviation 1380 Lasne | 406,499 € | — | −46,700 € | — | 2025 |
| 15 | DURI 1315 Incourt | 379,095 € | — | 242,320 € | — | 2025 |
| 16 | Black Helicopters 7050 Jurbise | 378,595 € | — | −473,460 € | — | 2025 |
| 17 | Booost 1470 Genappe | 376,625 € | 189,148 € | 46,681 € | — | 2025 |
| 18 | Sodemundo 4253 Geer | 359,206 € | — | 30,079 € | — | 2026 |
| 19 | Sequoia Bay 7022 Mons | 316,143 € | — | 274,423 € | — | 2024 |
| 20 | LXR 4920 Aywaille | 287,388 € | — | 151,856 € | — | 2025 |
| 21 | Armrock 4500 Huy | 270,172 € | — | 258,553 € | — | 2025 |
| 22 | South Belgium Helicopter 5630 Cerfontaine | 255,266 € | 52,669 € | −190,114 € | — | 2024 |
| 23 | Les Frères Réunis 6200 Châtelet | 228,035 € | — | 216,654 € | — | 2025 |
| 24 | ULM Blue Sky 1440 Braine-le-Château | 163,268 € | — | −12,942 € | — | 2025 |
| 25 | Air-MFA 6990 Hotton | 158,210 € | — | 32,680 € | — | 2025 |
| 26 | Là-haut Montgolfière 4834 Limbourg | 110,832 € | — | 49,325 € | — | 2025 |
| 27 | Avimo 1367 Ramillies | 101,412 € | 4,945 € | 101,412 € | — | 2025 |
| 28 | FLY, Manage & SEE 6250 Aiseau-Presles | 98,156 € | — | 73,481 € | — | 2025 |
| 29 | Helodrone 4257 Berloz | 86,219 € | — | 22,892 € | — | 2025 |
| 30 | Savvy FLY 5360 Hamois | 85,259 € | — | 12,330 € | — | 2025 |
| 31 | Namur Air Promotion 6280 Gerpinnes | 81,484 € | — | −116,539 € | — | 2025 |
| 32 | Cassart Management Company 1332 Rixensart | 79,749 € | — | 41,253 € | — | 2025 |
| 33 | Air One Belgium 1300 Wavre | 72,604 € | — | −2,616 € | — | 2025 |
| 34 | JO-Aviation 5640 Mettet | 54,857 € | — | 8,145 € | — | 2025 |
| 35 | GO Fly! 4450 Juprelle | 51,153 € | — | 31,679 € | — | 2025 |
| 36 | Hub Aviation & IT services 7141 Morlanwelz | 46,609 € | — | 8,524 € | — | 2025 |
| 37 | Latitudes 4970 Stavelot | 46,597 € | — | 37,675 € | — | 2025 |
| 38 | GTR Lease 7110 La Louvière | 34,617 € | — | −102,012 € | — | 2025 |
| 39 | AIO 4280 Hannut | 34,450 € | — | 14,774 € | — | 2025 |
| 40 | Vortex 7750 Mont-de-l'Enclus | 31,905 € | — | 21,650 € | — | 2025 |
| 41 | Icary 4630 Soumagne | 30,169 € | — | −72,571 € | — | 2025 |
| 42 | Easy Sky 1360 Perwez | 20,974 € | — | −24,929 € | — | 2025 |
| 43 | i4 1320 Beauvechain | 20,394 € | — | −43,720 € | — | 2025 |
| 44 | Aeroflex Solutions 1325 Chaumont-Gistoux | 15,888 € | — | −3,129 € | — | 2025 |
| 45 | Bernard DAVIN AVIATION 4560 Clavier | 15,334 € | — | −9,624 € | — | 2025 |
| 46 | L'Union Musicale 4990 Lierneux | 13,907 € | 5,228 € | 13,907 € | — | 2025 |
| 47 | Venix 1440 Braine-le-Château | 13,311 € | — | −21,441 € | 0.3 | 2025 |
| 48 | DDAir 4680 Oupeye | 11,763 € | 6,109 € | 10,008 € | — | 2025 |
| 49 | Beyer Productions 6940 Durbuy | 7,891 € | — | 7,037 € | — | 2025 |
| 50 | JCD Aviation 4052 Chaudfontaine | 4,166 € | — | −15,901 € | — | 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 · Wallonia →
Other sectors · Wallonia
- 01 Crop and animal production, hunting and related service activities2,551
- 02 Forestry and logging541
- 03 Fishing and aquaculture31
- 08 Other mining and quarrying121
- 09 Mining support service activities17
- 10 Manufacture of food products1,478
- 11 Manufacture of beverages275
- 13 Manufacture of textiles155
- 14 Manufacture of wearing apparel101
- 15 Manufacture of leather and related products of other materials18
- 16 Manufacture of wood and of products of wood and cork, except furniture; manufacture of articles of straw and plaiting materials442
- 17 Manufacture of paper and paper products57
- 18 Printing and reproduction of recorded media532
- 20 Manufacture of chemicals and chemical products239
- 21 Manufacture of basic pharmaceutical products and pharmaceutical preparations179
- 22 Manufacture of rubber and plastic products196
- 23 Manufacture of other non-metallic mineral products441
- 24 Manufacture of basic metals140
- 25 Manufacture of fabricated metal products, except machinery and equipment1,528
- 26 Manufacture of computer, electronic and optical products210
- 27 Manufacture of electrical equipment185
- 28 Manufacture of machinery and equipment n.e.c.379
- 29 Manufacture of motor vehicles, trailers and semi-trailers114
- 30 Manufacture of other transport equipment56
- 31 Manufacture of furniture278
- 32 Other manufacturing409
- 33 Repair, maintenance and installation of machinery and equipment654
- 35 Electricity, gas, steam and air conditioning supply276
- 36 Water collection, treatment and supply19
- 37 Sewerage67
- 38 Waste collection, recovery and disposal activities297
- 39 Remediation activities and other waste management service activities29
- 41 Construction of residential and non-residential buildings4,193
- 42 Civil engineering477
- 43 Specialised construction activities12,039
- 46 Wholesale trade8,104
- 47 Retail trade12,950
- 49 Land transport and transport via pipelines1,819
- 50 Water transport41
- 52 Warehousing, storage and support activities for transportation567
- 53 Postal and courier activities126
- 55 Accommodation1,322
- 56 Food and beverage service activities6,704
- 58 Publishing activities410
- 59 Motion picture, video and television programme production, sound recording and music publishing activities595
- 60 Programming, broadcasting, news agency and other content distribution activities69
- 61 Telecommunication130
- 62 Computer programming, consultancy and related activities5,398
- 63 Computing infrastructure, data processing, hosting and other information service activities468
- 64 Financial service activities, except insurance and pension funding3,810
- 65 Insurance, reinsurance and pension funding, except compulsory social security111
- 66 Activities auxiliary to financial services and insurance activities2,334
- 68 Real estate activities12,723
- 69 Legal and accounting activities5,344
- 70 Activities of head offices and management consultancy12,300
- 71 Architectural and engineering activities; technical testing and analysis3,981
- 72 Scientific research and development396
- 73 Activities of advertising, market research and public relations2,471
- 74 Other professional, scientific and technical activities1,209
- 75 Veterinary activities727
- 77 Rental and leasing activities793
- 78 Employment activities299
- 79 Travel agency, tour operator and other reservation service and related activities262
- 80 Investigation and security activities133
- 81 Services to buildings and landscape activities1,907
- 82 Office administrative, office support and other business support activities2,358
- 84 Public administration and defence; compulsory social security39
- 85 Education1,500
- 86 Human health activities14,912
- 87 Residential care activities736
- 88 Social work activities without accommodation561
- 90 Arts creation and performing arts activities659
- 91 Libraries, archives, museums and other cultural activities86
- 92 Gambling and betting activities46
- 93 Sports activities and amusement and recreation activities1,303
- 94 Activities of membership organisations326
- 95 Repair and maintenance of computers, personal and household goods, and motor vehicles and motorcycles1,290
- 96 Personal service activities1,967
Municipalities with the most companies in the sector · Wallonia
- 4460 Grâce-Hollogne (Bierset, Grâce-Berleur, Hollogne-Aux-Pierres, …)5
- 1300 Wavre (Limal)2
- 1435 Mont-Saint-Guibert (Corbais, Hévillers)2
- 1440 Braine-le-Château (Wauthier-Braine)2
- 4990 Lierneux (Arbrefontaine, Bra)2
- 1315 Incourt (Glimes, Opprebais, Piètrebais, …)1
- 1320 Beauvechain (Hamme-Mille, L'ecluse, Nodebais, …)1
- 1325 Chaumont-Gistoux (Bonlez, Corroy-Le-Grand, Dion-Valmont, …)1
- 1332 Rixensart (Genval)1
- 1360 Perwez (Malèves-Sainte-Marie-Wastines, Orbais, Thorembais-Les-Béguines, …)1
- 1367 Ramillies (Autre-Eglise, Bomal, Gérompont, …)1
- 1380 Lasne (Couture-Saint-Germain, Lasne-Chapelle-Saint-Lambert, Maransart, …)1
Frequently asked questions
Which is the largest company in Air transport in Wallonia?
By total assets, it is ASL Airlines Belgium (€176.4m, financial year 2025).
How many companies in Air transport in Wallonia are ranked?
53 out of 59 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 14 Nov 2026.