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ABELAG AVIATION

Active
Public limited companyfounded 1985active for 41 yearsKortrijkstraat 345/D, 8560 Wevelgem, BelgiumKBO/BCE: BE 0427.155.930
Summary

ABELAG AVIATION has been active since 1985 and the Belgian Official Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €13.1m and a net result of €2.2m. Equity is growing by about 21% per year across the filed financial years. Its solvency ranks better than 39% of 212 sector peers (NACE 51, financial year 2024). The computed 12-month bankruptcy probability is 0.8% (low).

Overview

Activity
Air transport
NACE 51100
Largest company by total assets in Wevelgem, Transport and storage sector2 sites
Size
€77.0mturnover 2024
Staff
59.8 FTE
Equity
€13.1m
Profit
€2.2m
Financial health
56 Fair Checked score 2024
Bankruptcy probabilitywithin 12 months
0.8%
Structure
Parent
ABELAG HOLDING · 99.95%
  • ABELAG HOLDINGChair · permanent representative Ward BONDUEL
  • Robert FISCHDirector
Accounts 78 days overdue2 of 22 deeds read
Why 56raises riskCapped at 59: a confirmed filing findingFigures for financial year 2024 (filed 17-03-2026)1 financial year not filed after the legal deadline; latest accounts 223 days late; 1 of the last 3 latelowers riskFounded in 1985Size: turnover €77.0m, 59.8 FTE, total assets €47.2mShow the evidence

Checked score

Score 2024
56 / 100
Fair
Probability in this band: 1.5% to 4.2%
Financially better than 53% of its sector peers (all companies)
A confirmed filing finding caps the score at 59. Every signal that counts is listed under Signals.
Financial strength · tick = 2023
Average
Solvency 53+5
equity 27.8% of total assets
Liquidity 49+13
short-term debt 40.2% · cash 14.4%
Profitability 62-1
return on assets 4.6%
Bankruptcy probability, 12 months
0.8% Low
0%0.5%1.5%4%10%≥ 25%

About 8 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.5% (5 companies, NACE 51, medium-sized)
Last 24 months 11-2024: 0.2% 12-2024: 0.2%● unchanged vs 11-2024 01-2025: 0.2%● unchanged vs 12-2024 02-2025: 0.2%● unchanged vs 01-2025 03-2025: 0.2%● unchanged vs 02-2025 04-2025: 0.2%● unchanged vs 03-2025 05-2025: 0.2%● unchanged vs 04-2025 06-2025: 0.2%● unchanged vs 05-2025 07-2025: 0.3%▲ +0.1 percentage points vs 06-2025 08-2025: 0.5%▲ +0.2 percentage points vs 07-2025 09-2025: 0.7%▲ +0.2 percentage points vs 08-2025 10-2025: 1.2%▲ +0.5 percentage points vs 09-2025 11-2025: 1.3%▲ +0.1 percentage points vs 10-2025 12-2025: 1.4%▲ +0.1 percentage points vs 11-2025 01-2026: 2.2%▲ +0.8 percentage points vs 12-2025highest value 02-2026: 2.2%● unchanged vs 01-2026highest value 03-2026: 2.2%● unchanged vs 02-2026highest value 04-2026: 0.2%▼ -2.0 percentage points vs 03-2026lowest value 05-2026: 0.2%● unchanged vs 04-2026lowest value 06-2026: 0.2%● unchanged vs 05-2026 07-2026: 0.2%● unchanged vs 06-2026 08-2026: 0.4%▲ +0.2 percentage points vs 07-2026 09-2026: 0.5%▲ +0.1 percentage points vs 08-2026 10-2026: 0.8%▲ +0.3 percentage points vs 09-2026
Credit of up to €700,000 on 30-day terms, only on tighter conditions: an expected filing is missing beyond Checked's processing allowance
Liquidity ample (current ratio 1.67, compared with 1.6 in 2023, above the usual 1.5; short-term debt: 40.2% and cash: 14.4% of total assets), but 72.2% of the assets are financed with debt and provisions.
How it is calculated

The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:

75-100 Excellent under 0.55%
60-74 Healthy 0.55% to 1.5%
45-59 Fair 1.5% to 4.2%
25-44 Weak 4.2% to 15.0%
0-24 Critical over 15.0%

Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (all companies): better than 42% on solvency, 58% on liquidity, 49% on profitability and 65% on growth.

The bankruptcy probability was computed on 16-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.

Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).

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Signals

Six signals.
lowers riskraises risk
raises risk · Figures for financial year 2024 (filed 17-03-2026)
NBB · annual accounts
raises risk · 1 financial year not filed after the legal deadline; latest accounts 223 days late; 1 of the last 3 late
NBB · filings
lowers risk · Founded in 1985
Companies that have existed this long fail less often; how much that weighs depends on the rest of its profile.
KBO
lowers risk · Size: turnover €77.0m, 59.8 FTE, total assets €47.2m
Companies of this size fail less often; how much that weighs depends on the rest of its profile.
NBB · annual accounts
raises risk · Annual accounts not filed
The financial year that closed on 31-12-2025 was due at the National Bank by 31-07-2026. Nothing is on record, 78 days later.
NBB · 10 filings
Position against the passed deadline
31-12-2025 year end31-07-2026 deadline17-10-2026 today
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 11-03-2026, 223 days past the deadline. Measured on financial year 2023: of the companies more than 90 days late, 5.61% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers.
NBB · 10 filings
Deviation from the deadline
2025
not filed
2024
223 days late
2023
1 day early
2022
12 days early
2021
5 days early
2020
4 days early
2019
122 days late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 6 accounts on average 54 days after the deadline; the sector median (NACE 51) for financial year 2024 is 9 days before the deadline, and 35% of those companies filed late.

Searched, nothing found (1)
neutral · No strike-offs in the KBO publications
Searched since 2021.
KBO publications · our coverage
  1. Resignation: David VAN DEN LANGENBERGH (director)Gazette deed
  2. Annual accounts filedfinancial year 2024 · full…
  3. Appointments: ABELAG HOLDING, David VAN DEN…Permanent representative: Ward BONDUEL ·…

Key points

  • Positive: Largest company by total assets in Wevelgem, Transport and storage sectorin the Checked rankings No. 1 View
  • Caution: Accounts not fileddeadline was 31-07-2026 78 days late View
  • Board changedlatest change 15-07-2026 · 2 in office 2 joined · 1 left View
  • Controlled by ABELAG HOLDINGknown shareholders 100% 99.95% View
  • EU supportawarded from 2021 to 2025 €463,524 View
  • Positive: 5 profitable years in a rowprofit 2024: €2.2m 5 years View

By topic

Financials

Financial year
2024
Turnover
€77.0m
Profit
€2.2m
Solvency
27.8%
Turnover▲ 2.0%
Net result
20182024
Go to Financials

Board & ownership

Board
2 members
Parent
ABELAG HOLDING · 99.95%
Known shareholders
100%
  • ABELAG HOLDINGChair
  • Robert FISCHDirector
Go to Board & ownership

Timeline

Events
47
Since
1986
  1. 30-07-2024Annual accounts filed
  2. 31-12-2023Highest result from 2018 to 2024
  3. 31-12-2023Equity above €10m
Go to Timeline

Company details

Sites
2
Legal form
Public limited company
Activity
Air transportNACE 51100
Founded
19-03-1985
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

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