Air transport: highest published revenue
27 Belgian companies in the sector (NACE 51) publish their revenue in recent accounts; here are the top 20. Brussels Airlines leads with €1.70bn (financial year 2025).
Top 20
Ranked by revenue published in the latest filed accounts (accounts less than 3 years old).
| # | Company | Total assets | Revenue | Equity | FTE | Year |
|---|---|---|---|---|---|---|
| 1 | Brussels Airlines 1831 Machelen (Brab.) | €598.4m | €1.70bn | −€156.9m | 2,831.9 | 2025 |
| 2 | TUI Airlines Belgium 1930 Zaventem | €482.4m | €732.1m | −€340.8m | 1,073.0 | 2025 |
| 3 | ASL Airlines Belgium 4460 Grâce-Hollogne | €176.4m | €665.5m | €43.0m | 409.4 | 2025 |
| 4 | Federal Express Corporation | €61.1m | €572.8m | €27.4m | 23.6 | 2025 |
| 5 | Air Belgium 1435 Mont-Saint-Guibert | €42.0m | €134.4m | −€68.5m | 451.2 | 2023 |
| 6 | Air Belgium 1435 Mont-Saint-Guibert | €33.9m | €94.2m | −€22.1m | 114.1 | 2025 |
| 7 | Flying Service 2100 Antwerp | €35.4m | €93.0m | €3.25m | 75.0 | 2025 |
| 8 | Abelag Aviation 8560 Wevelgem | €47.2m | €77.0m | €13.1m | 59.8 | 2024 |
| 9 | Air Service Liege 3500 Hasselt | €24.6m | €47.8m | €11.6m | 37.7 | 2025 |
| 10 | The Aviation Factory 2100 Antwerp | €6.95m | €37.6m | €1.72m | 6.8 | 2025 |
| 11 | Noordzee Helikopters Vlaanderen 8400 Ostend | €91.1m | €27.7m | €18.1m | 129.2 | 2025 |
| 12 | European Aircraft Private Club 6040 Charleroi | €15.0m | €22.9m | €3.50m | 34.1 | 2025 |
| 13 | Eagle Air Agencies 1820 Steenokkerzeel | €6.14m | €22.7m | €2.77m | 17.5 | 2025 |
| 14 | SN Airholding 1831 Machelen (Brab.) | €693.0m | €21.5m | €689.3m | 166.5 | 2025 |
| 15 | dnata 1830 Machelen (Brab.) | €10.2m | €20.2m | €1.79m | 143.8 | 2025 |
| 16 | Fracht Belgium Air 1830 Machelen (Brab.) | €4.88m | €11.2m | €2.46m | 9.7 | 2025 |
| 17 | Abelag Handling 1930 Zaventem | €10.5m | €10.5m | −€1.71m | 28.6 | 2025 |
| 18 | Brink's Global Services Antwerp 2018 Antwerp | €8.90m | €3.32m | €8.40m | 12.0 | 2025 |
| 19 | Flying Partners 2100 Antwerp | 957,349 € | 948,949 € | 192,161 € | — | 2025 |
| 20 | Aeroconsult 9050 Ghent | 998,875 € | 255,321 € | 350,208 € | — | 2025 |
These are the revenue figures published in the annual accounts. Small companies (micro and abridged accounts) do not have to publish theirs: they do not appear in this ranking.
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Frequently asked questions
Which company in Air transport has the highest revenue?
Brussels Airlines, with €1.70bn in revenue (financial year 2025).
How many Air transport companies publish their revenue?
27 out of 258, in accounts less than 3 years old. Small companies (micro and abridged accounts) are not required to publish it.
Analyse companies in Air transport
Filter these companies by size, soundness and trend, follow them and get an alert when their accounts or publications change.
Open the full file →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.