AEROSPEED
ActiveSummary
AEROSPEED has been active since 2014 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €141,868 and a net result of €109,190. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 16% of 8737 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability80▼-9
Solvency36▲+8
Growth78▲+20
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €8,000 at 30 days acceptable
Liquidity tight (current ratio 1.07 against 0.97 in 2024; short-term debt: 85% and cash: 16.4% of total assets), and 88.7% of the assets are financed with debt.
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Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
11.3%
Return on assets
8.7%
Age of the figures
9 mo
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 16% of 8737 sector peers (2025).
NBB · sector comparisonPosition among 8737 sector peers
Solvency
better than 16%
← weakest
strongest →
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €141,868
neutral · A punctual record breaks
This company filed 6 consecutive financial years on time. The year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 24-09-2026, 55 days late. Weigh it accordingly: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.
NBB · 10 filingsDeviation from the deadline
2025
55 d late
2024
37 d early
2023
43 d early
2022
32 d early
2021
40 d early
2020
40 d early
2019
29 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 24 days before the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 32% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
27-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€109,190▼ 48.5%
2024 · €212,218
Working capital
€75,061
2024 · -€35,823
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€539,335▲ 133%€515,323▼ 4.5%€1.1m▲ 105%€294,770▼ 72.0%€144,492▼ 51.0%
Net result€400,457▲ 135%€376,534▼ 6.0%€770,771▲ 105%€212,218▼ 72.5%€109,190▼ 48.5%
Equity€263,484▲ 354%€20,460▼ 92.2%€20,460=€32,678▲ 59.7%€141,868▲ 334%
Total assets€761,627▲ 49.4%€1.4m▲ 80.7%€1.7m▲ 21.1%€1.3m▼ 22.1%€1.3m▼ 2.9%
Debt€498,143▲ 10.3%€1.4m▲ 172%€1.6m▲ 21.5%€1.3m▼ 23.1%€1.1m▼ 11.6%
Working capital€203,329▲ 1,493%-€24,045-€4,468▲ 81.4%-€35,823▼ 702%€75,061
Why a figure moved sharply
- 2025 Equity +334% on 2024. Cause not known from the registers.
- 2024 Net result -72% on 2023. Cause not known from the registers.
- 2023 Net result +105% on 2022. Cause not known from the registers.
- 2022 Equity -92%, Total assets +81% on 2021. Cause not known from the registers.
- 2021 Net result +135%, Equity +354% on 2020. Cause not known from the registers.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2025 is 51% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.3m
Fixed assets
€114,440 ▲ 67.1%
Current assets
€1.1m ▼ 6.8%
Equity and liabilities €1.3m
Equity
€141,868 ▲ 334%
Debt
€1.1m ▼ 11.6%
Debt's share of the balance-sheet total falls from 97.5% to 88.7%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€163,554▼
2024 · €308,197
Cash flow
€128,252▼
2024 · €225,645
Current ratio
1.07▲
2024 · 0.97
Quick ratio
1.02▲
2024 · 0.85
Debt to equity
7.88▼
2024 · 38.74
ROE
77.0%▼
2024 · 649.4%
ROA
8.7%▼
2024 · 16.3%
Interest coverage
14.85▼
2024 · 58.86
Debt ≤ 1 year
€1.1m▼
2024 · €1.3m
Debt > 1 year
€47,633
Income taxes
€35,305▼
2024 · €79,387
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 2,602 companies that looked in July 2024 the way this one looks now, 1.0% went bankrupt within 24 months and 97% are still going.
- Small
- 10 to 20 years old
- solvency 10 to 30%
- a profit of 5% of the balance sheet or more
1.0%
went bankrupt
2.0%
stopped otherwise
97%
still going
A further 0.3% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.2% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 2,602 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €15,223 | €22,106 | €19,577 | €13,427 | €19,062 | ▲ 42.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | €45,041 | - | - |
| Other operating charges640/8 | €831 | €44,410 | €52,194 | €56,796 | €59,722 | ▲ 5.2% |
| Gross operating margin9900 | €555,389 | €581,839 | €1.1m | €410,034 | €223,276 | ▼ 45.5% |
| Operating profit (loss)9901 | €539,335 | €515,323 | €1.1m | €294,770 | €144,492 | ▼ 51.0% |
| Financial income75/76B | €1,035 | - | €2,306 | €2,071 | €11,020 | ▲ 432% |
| Recurring financial income75 | €1,035 | - | €1,690 | €2,071 | €8,231 | ▲ 297% |
| Non-recurring financial income76B | - | - | €616 | - | €2,789 | - |
| Financial charges65/66B | €3,039 | €5,336 | €7,720 | €5,236 | €11,017 | ▲ 110% |
| Recurring financial charges65 | €3,039 | €5,336 | €7,720 | €5,236 | €11,017 | ▲ 110% |
| Profit (loss) for the period before taxes9903 | €537,331 | €509,987 | €1.0m | €291,605 | €144,495 | ▼ 50.4% |
| Income taxes67/77 | €136,874 | €133,453 | €277,917 | €79,387 | €35,305 | ▼ 55.5% |
| Profit (loss) for the period9904 | €400,457 | €376,534 | €770,771 | €212,218 | €109,190 | ▼ 48.5% |
| Profit (loss) for the period to be appropriated9905 | €400,457 | €376,534 | €770,771 | €212,218 | €109,190 | ▼ 48.5% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €761,627 | €1.4m | €1.7m | €1.3m | €1.3m | ▼ 2.9% |
| Fixed assets21/28 | €60,155 | €44,505 | €24,928 | €68,501 | €114,440 | ▲ 67.1% |
| Intangible fixed assets21 | - | - | - | - | €56,039 | - |
| Tangible fixed assets22/27 | €55,755 | €40,105 | €20,528 | €7,101 | - | - |
| Furniture and vehicles24 | €55,212 | €39,779 | €20,419 | €7,101 | - | - |
| Other tangible fixed assets26 | €543 | €326 | €109 | - | - | - |
| Financial fixed assets28 | €4,400 | €4,400 | €4,400 | €61,400 | €58,401 | ▼ 4.9% |
| Current assets29/58 | €701,472 | €1.3m | €1.6m | €1.2m | €1.1m | ▼ 6.8% |
| Amounts receivable after more than one year29 | €200,000 | €200,000 | €200,000 | €565,000 | €565,000 | = |
| Other amounts receivable291 | €200,000 | €200,000 | €200,000 | €565,000 | €565,000 | = |
| Stocks and contracts in progress3 | - | €313,656 | €184,807 | €155,589 | €48,956 | ▼ 68.5% |
| Stocks30/36 | - | €313,656 | €184,807 | €155,589 | €48,956 | ▼ 68.5% |
| Amounts receivable within one year40/41 | €80,365 | €259,884 | €482,406 | €138,078 | €303,886 | ▲ 120% |
| Trade receivables40 | €55,685 | €259,884 | €461,825 | €97,465 | €52,959 | ▼ 45.7% |
| Other amounts receivable41 | €24,680 | - | €20,581 | €40,613 | €250,927 | ▲ 518% |
| Cash at bank and in hand54/58 | €419,094 | €375,213 | €761,786 | €353,559 | €206,640 | ▼ 41.6% |
| Deferred charges and accrued income490/1 | €2,013 | €182,931 | €13,311 | €17,857 | €21,521 | ▲ 20.5% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €761,627 | €1.4m | €1.7m | €1.3m | €1.3m | ▼ 2.9% |
| Equity10/15 | €263,484 | €20,460 | €20,460 | €32,678 | €141,868 | ▲ 334% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Non-distributable reserves130/1 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Reserves not available under the articles1311 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Profit (loss) carried forward14 | €243,024 | - | - | €12,218 | €121,408 | ▲ 894% |
| Amounts payable17/49 | €498,143 | €1.4m | €1.6m | €1.3m | €1.1m | ▼ 11.6% |
| Amounts payable after more than one year17 | - | - | - | - | €47,633 | - |
| Financial debts170/4 | - | - | - | - | €47,633 | - |
| Amounts payable within one year42/48 | €498,143 | €1.4m | €1.6m | €1.3m | €1.1m | ▼ 15.4% |
| Current portion of amounts payable after more than one year42 | - | - | - | - | €22,367 | - |
| Financial debts43 | - | €4,512 | - | - | - | - |
| Credit institutions430/8 | - | €4,512 | - | - | - | - |
| Trade debts44 | €234,319 | €411,975 | €341,028 | €132,865 | €51,814 | ▼ 61.0% |
| Suppliers440/4 | €234,319 | €411,975 | €341,028 | €132,865 | €51,814 | ▼ 61.0% |
| Advances received on contracts in progress46 | €8,107 | €269,992 | - | - | €27,201 | - |
| Taxes, remuneration and social security45 | €87,095 | €140,378 | €237,767 | €3,496 | €3,039 | ▼ 13.1% |
| Taxes450/3 | €87,095 | €140,378 | €237,767 | €3,496 | €3,039 | ▼ 13.1% |
| Other amounts payable47/48 | €168,622 | €528,872 | €1.1m | €1.1m | €966,521 | ▼ 14.4% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €400,457 | €376,534 | €770,771 | €212,218 | €109,190 | ▼ 48.5% |
| + Depreciation and write-downs630 | €15,223 | €22,106 | €19,577 | €13,427 | €19,062 | ▲ 42.0% |
| Operating cash flow (approximation) | €415,680 | €398,640 | €790,348 | €225,645 | €128,252 | ▼ 43.2% |
| Investment in fixed assets (approximation) | - | -€6,456 | €0 | -€57,000 | -€65,001 | ▼ 14.0% |
| Change in cash | - | -€43,881 | €386,573 | -€408,227 | -€146,919 | ▲ 64.0% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
24-09
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 55 days late
2025
31-12
Financial
Equity above €100,000Eq €141,868 ▲334%
6 profitable years in a row build equity to €141,868.
24-06
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
18-06
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
31-12
Financial
Highest result since 2018net €770,771 ▲105%
Operating result €1.1m, net result €770,771, both a record.
29-06
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
21-06
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
31-12
Financial
Equity above €200,000Eq €263,484 ▲354%
2 profitable years in a row build equity to €263,484.
21-06
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
31-12
Financial
Back to profitnet €170,573
Net result €170,573 after one loss-making year.
02-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Weakest financial yearnet -€973
Net result drops to -€973, the lowest in the series; recovery starts the following year.
Show earlier events
29-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 29 days late
2018
29-08
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 29 days late
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
4 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Manage · 1 establishment unit since 2014
Ground area
787 m²
Building footprint
94 m²
Volume, LiDAR
555 m³
Parcel 52043F0278/00H000, Wallonia · tallest building 7.3 m, ±2 floors. Linked by address, not a title deed.
4
companies at this address
See who is registered here
1 establishment unit
AEROSPEED
since 20142.232.865.269
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 52043F0278/00H000 | Wallonia | 787 m² | 1 · 94 m² | 7.3 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Structure & network
Owners and holdings
4 holdingsOwners 0
The accounts to 31-12-2025 list no shareholders, and no other source names one.
Holdings 4
- SUNSHINE FLYLUsubsidiarySourceown accounts 2025100%
-
50%
-
32%
- KEPPLAIR EVOLUTIONFRSourceown accounts 202516%
According to the 2025 annual accounts of AEROSPEED and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
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Of 82,642 companies in sector 70200 we hold annual accounts for 52,590. 40,887 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded23-06-2014
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
Contact
Website
www.aerospeed.beManage
E-invoicing
Reachable via Peppol
Peppol ID
0208:0554660945
Also
9925:BE0554660945
Registered
26-09-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.