Announcement: Seeking Successors for Brussels Flight Simulators
Passing the Controls
After 10 exciting years of developing Brussels Flight Simulators, it is time for a new generation to take the helm. At 63, I feel the need to dedicate more time to personal pursuits, my family, children and grandchildren, and my passion for music. Life is fleeting, and it’s important to make the most of every moment!
That’s why I am seeking passionate individuals who can drive this fantastic company to its full potential.
About Brussels Flight Simulators
Brussels Flight Simulators is a company founded on passion and technical excellence. Our 300 m² facility in Zaventem features:
- Four High-Quality Flight Simulators:
- Boeing 737 MAX with an 8-passenger cabin and immersive visuals
- F-16
- F/A-18
- Beechcraft Baron BE58
- All simulators can connect in a shared airspace, providing a highly realistic and immersive experience. While not certified, their technical standards are extremely high, especially for the 737 and Beechcraft.
- Unique Bar/Lounge Area: Featuring a bar made from a 737 slat, high tables, and chairs, comfortably accommodating up to 25/30 people.
- Spacious Briefing Room: Equipped with a projection screen, central table for 18-24 people (depending on the setup), and 4 light individual simulator stations (PCs with flight controls and multiscreen).
- Open Office Space: 25 m² of open workspace.
- Sanitary Block: Including a mini kitchenette and 2 restrooms.
- Parking: Five reserved parking spaces right in front and plenty of free spaces in the surrounding area.5
Transition and Support
To ensure a smooth transition, I am committed to working alongside the new owners, sharing all the necessary knowledge and skills for effective business management. I am confident that motivated individuals will quickly get up to speed.
I will also remain available for future technical support if needed.
Potential for Growth
With a current turnover of around 250k, the business offers immense growth potential. Thanks to recent investments, it could be tripled without any additional investment!
More: there are numerous opportunities for innovation and expansion, such as integrating virtual reality, acquiring an A320 simulator to outshine the competition, or developing courses, forming a partnership with an ATO for MCC or other pilot training modules, CRM training seminar for businesses of all sectors…
These prospects should excite any potential candidates.
Admin Management
Currently, I handle this part on my own. It takes me very little time because the administrative side has been highly automated, thanks to our amazing website that manages bookings and payments, as well as creating vouchers, boarding passes, invoices, etc.
This leaves plenty of time to either manage sessions myself, prospect, build bridges with aviation schools or other partners, create new business relationships—in short, to grow the revenue and reach new heights!
Management of Simulation Sessions
I handle about half of the sessions myself (my choice), entrusting the rest to freelance or temporary instructors. These are mostly student pilots who are eager to collaborate, as they gain personal benefits from this activity in relation to their pilot training.
I do not have any salaried employees or instructors, which allows for great flexibility.
Financial Considerations
• Financial Overview
For the last closed financial year (FY 2024–2025), the company generated revenue of 254k and an EBITDA of approximately 80k. This reflects the current stable operating performance of the business.
Previous years were impacted by temporary factors (investments, infrastructure upgrades, and the post-Covid recovery) and are therefore not representative of the company’s present financial strength.
Detailed financial statements can be provided upon request and under NDA.
• Valuation Rationale
The indicative valuation range of 300k to 400k is supported by several key elements:
- Tangible assets with a net book value of around 120k, including four fully operational, high-quality simulators and all related infrastructure — assets whose replacement cost would be significantly higher.
- A strong equity base (145k) and a healthy financial structure, with limited long-term debt (approximately 45k), and a shareholder loan that can be flexibly structured as part of the transaction.
- Proven revenue levels close to 250k, with a realistic potential to double or even triple under an active commercial strategy and increased operational capacity.
- A healthy EBITDA that demonstrates the current stability of the business.
- A well-established brand, an excellent location near Brussels Airport, and diversified revenue streams (Pro Pilot Sessions, B2C Experiences, Corporate Events, Vouchers, Partnerships).
- A turnkey operation, immediately functional without additional investment.
• Transaction Terms
I am open to both a share deal and an asset deal.
While the indicative valuation range serves as a reference, the final structure and pricing may vary depending on the buyer’s expectations regarding the transition period. I can offer high flexibility, with support ranging from a few months up to two years, including training, operational guidance, and a smooth handover.
This flexibility can naturally influence the final terms of the transaction.
My priority is to find the right people — individuals with a solid entrepreneurial mindset and a clear long-term vision for the business. I am therefore open to adaptable transaction structures, provided I am confident in the buyer’s ability to develop the company sustainably.
However, any agreement must respect the intrinsic value of the business and its assets.
Operational Considerations
As with any experiential and service-based business, operational performance depends on a few key factors:
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Staffing and instructor availability, especially during peak demand periods. Proper planning ensures continuity and high-quality customer experience.
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Ongoing marketing and commercial activity, which remain essential to sustain and grow revenue across B2C, corporate and professional segments.
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Regular maintenance and technical oversight of the simulators and infrastructure to preserve reliability and customer satisfaction.
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Resource allocation for growth, as expanding capacity (longer opening hours, additional instructors, corporate events, partnerships) requires proportional operational organisation.
All these aspects are fully manageable with appropriate planning and have been successfully handled to date. A motivated buyer with a clear operational strategy can confidently build on this foundation to further expand the business.
Contact Information
If you are interested or know someone who might be, please feel free to share this announcement and do not hesitate to contact me for any questions or discussions.
Contact: Pierre Van Walleghem, Manager & Founder
- pvw@bfsim.com
- +32 470 070 470
Brussels Flight Simulators SRL
- Headquarters: rue Les Claines 16/B – 1320 Beauvechain – BE
- Operating Address: Leuvensesteenweg – 542 unit B2 – 1930 Zaventem – BE
- Registration Number: BE0654810277