AIR

Active

Public limited companyfounded 20223 yrs activeTerhulpsesteenweg 185, 1170 Watermaal-Bosvoorde, BelgiumKBO/BCE: BE 0795.328.338

Summary

The computed 12-month bankruptcy probability of AIR is 1.8% (moderate). The 2025 annual accounts show equity of €388k and a net result of €37k. Equity is growing by ~37.2% per year across the filed fiscal years. Its solvency ranks better than 54% of 709 sector peers (fiscal year 2025). The company has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals.

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Checked score

Score 2025

73 / 100

Healthy

The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.

Axes · tick = 2024

Profitability74▼-18

Solvency71▲+22

Growth78=

Track record94

Bankruptcy probability, 12 months

1.8% Moderate

0%0.5%1.5%4%10%≥ 25%

Credit up to €25k at 30 days acceptable

Liquidity ample (current ratio 2.94 against 2.21 in 2024; short-term debt: 32.8% and cash: 36.3% of total assets), but 53.6% of the assets are financed with debt.

How do we compute the score and the probability?

Credit advice for your own amount and term

Signals

Five signals. The signal on the left, the evidence on the right.

−lowers risk+raises risk○neutral

Limited track record

This company has not been active as long as an established one and statistically fails somewhat more often.

KBO · incorporation date

Age against the risk zone

Higher-failure-rate region

In this region companies fail more often than in the rest of the country.

KBO · registered office

Annual accounts: healthy financial profile

The latest annual accounts show a healthy profile in solvency, result and liquidity.

NBB · annual accounts 2025

Solvency, return and age of the figures

Solvency

46.4%

Return on assets

4.5%

Age of the figures

9 mo

Lower-risk legal form

Companies with this legal form statistically fail less often than a BV.

KBO · legal form

Filed after the deadline

The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 10-08-2026, 10 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.

NBB · 3 filings

Deviation from the deadline

2025

10 d late

2024

85 d early

2023

27 d early

← before the deadline after the deadline →

Checked, nothing found (2)

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 months

Position in the running window

24-09-2026 today31-12-2026 close31-07-2027 deadline

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

Financials · fiscal year 2025, full schema

Turnover

Not included in this filing

EBIT margin

Not included in this filing

Net result

€37k▼ 86.3%

2024 · €273k

2023: €7k 2024: €273k

2023 → 2025

Working capital

€532k▼ 33.4%

2024 · €799k

2023: €517k 2024: €799k

2023 → 2025

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line202320242025Trend

Equity€127k-€351k▲ 176%€388k▲ 10.7%

Operating result€37k-€384k▲ 950%€67k▼ 82.7%

Net result€7k-€273k▲ 3,694%€37k▼ 86.3%

Result per fiscal year

Operating resultNet result

The operating result falls in 2025; 2025 is 83% below 2024.

Balance-sheet composition

2025 in colour, 2024 as the grey bar beneath

Assets €837k

96.4%

Fixed assets €30k ▲ 96.5%

Current assets €807k ▼ 44.6%

Equity and liabilities €837k

46.4%

53.6%

Equity €388k ▲ 10.7%

Debt €449k ▼ 60.0%

Debt's share of the balance-sheet total falls from 76.2% to 53.6%. Equity is higher and debt is lower.

Key figures and ratios

2025 value · change against 2024

EBITDA

€78k▼

2024 · €388k

Cash flow

€49k▼

2024 · €277k

Current ratio

2.94▲

2024 · 2.21

Debt to equity

1.16▼

2024 · 3.20

ROE

9.6%▼

2024 · 78.0%

ROA

4.5%▼

2024 · 18.6%

Interest coverage

18.23▼

2024 · 27.24

Debt ≤ 1 year

€275k▼

2024 · €658k

Income taxes

€25k▼

2024 · €96k

Staff costs

€787k▲

2024 · €766k

Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Filed annual accounts As filed with the NBB · 2025 against 2024 · 54 lines

Balance sheet Code20242025

Assets

Total assets20/58€1.47M€837k▼

Fixed assets21/28€15k€30k▲

Intangible fixed assets21€874€583▼

Tangible fixed assets22/27€14k€29k▲

Plant, machinery and equipment23€14k€28k▲

Furniture and vehicles24-€855

Financial fixed assets28€586€586=

Current assets29/58€1.46M€807k▼

Amounts receivable within one year40/41€663k€456k▼

Trade receivables40€643k€443k▼

Other amounts receivable41€20k€13k▼

Cash at bank and in hand54/58€716k€304k▼

Deferred charges and accrued income490/1€79k€48k▼

Equity and liabilities

Total equity and liabilities10/49€1.47M€837k▼

Equity10/15€351k€388k▲

Contributions10/11€120k€120k=

Capital10€120k€120k=

Issued capital100€120k€120k=

Reserves13€12k€12k=

Non-distributable reserves130/1€12k€12k=

Legal reserve130€12k€12k=

Profit (loss) carried forward14€219k€256k▲

Amounts payable17/49€1.12M€449k▼

Amounts payable after more than one year17€300k-

Financial debts170/4€300k-

Amounts payable within one year42/48€658k€275k▼

Trade debts44€395k€158k▼

Suppliers440/4€395k€158k▼

Taxes, remuneration and social security45€223k€76k▼

Taxes450/3€127k€15k▼

Remuneration and social security454/9€97k€62k▼

Other amounts payable47/48€40k€40k=

Accrued charges and deferred income492/3€164k€174k▲

Income statement Code20242025

Remuneration, social security and pensions62€766k€787k▲

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€4k€12k▲

Other operating charges640/8€12k€3k▼

Non-recurring operating charges66A-€3k

Gross operating margin9900€1.17M€872k▼

Operating profit (loss)9901€384k€67k▼

Financial income75/76B€316€2▼

Recurring financial income75€316€2▼

Financial charges65/66B€14k€4k▼

Recurring financial charges65€14k€4k▼

Profit (loss) for the period before taxes9903€370k€62k▼

Income taxes67/77€96k€25k▼

Profit (loss) for the period9904€273k€37k▼

Profit (loss) for the period to be appropriated9905€273k€37k▼

Appropriation of the result

Profit (loss) to be appropriated9906€276k€256k▼

Profit (loss) brought forward from the previous period14P€2k€219k▲

Transfer to equity691/2€7k-

To the legal reserve6920€7k-

Profit to be distributed694/7€50k-

Return on contributions (dividend)694€50k-

Social balance

Average headcount (FTE)908711.010.4▼

The notes to these accounts (10 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

All 7Financial 2Gazette 2Filings 3

Next filing, fiscal year 2026, expected by 31-07-2027

2026

16-09

State Gazette act Resignation: BEAUCOUP D'AMOUR ET DE BELLES AVENTURES (director)

Permanent representative: Arnaud Bailly3 facts ▸

General meeting, 31-08-2026
Director resignation, BEAUCOUP D'AMOUR ET DE BELLES AVENTURES (director)
Permanent representative, Arnaud Bailly (permanent representative)

31-08

State Gazette act Reappointments: AIRPAR, BEAUCOUP D'AMOUR ET DE BELLES AVENTURES and 3 others

7 facts ▸

General meeting, 21/12/2025
Director reappointment, AIRPAR (director)
Director reappointment, BEAUCOUP D'AMOUR ET DE BELLES AVENTURES (director)
Director reappointment, New Héra (director)
Director reappointment, TASTE CONSULT (director)
Director reappointment, STEPHANE BUISSERET (director)
Director reappointment, New Héra (managing director)

10-08

NBB filing Annual accounts filed

fiscal year 2025 · full schema · 10 days late

2025

07-05

NBB filing Annual accounts filed

fiscal year 2024 · full schema

2024

31-12

Financial Highest result since 2023net €273k ▲3694%

Operating result €384k, net result €273k, both a record.

31-12

Financial Equity above €200kEq €351k ▲176%

2 profitable years in a row build equity to €351k.

04-07

NBB filing Annual accounts filed

fiscal year 2023 · full schema

Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Directors · office · real estate

Directors

under verification, no change since 2026

This board is reconstructed from a single act (26356772). A Gazette act generally publishes only CHANGES, not a full roll call, so directors unchanged since then may be missing here. The KBO register holds the complete list of function holders.

AIRPAR

Director · Public limited company

Current

BEAUCOUP D'AMOUR ET DE BELLES AVENTURES

Director · Private limited company · perm. rep.: Arnaud Bailly

Current

New Héra

Director · Private limited company

Current

STEPHANE BUISSERET

Director · Private limited company

Current

TASTE CONSULT

Director · Private limited company

Current

31-08-2026 BEAUCOUP D'AMOUR ET DE BELLES AVENTURES: Resigned as Director

Location & real-estate footprint

Registered office, Watermaal-Bosvoorde · 1 establishment unit since 2022

establishment The establishment unit on the map

Cannot be placed on the map

This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.

Terhulpsesteenweg 1851170 Watermaal-Bosvoorde

Ground area

7,608 m²

Building footprint

1,019 m²

Volume, LiDAR

29,191 m³

Parcel 21652E0042/00H002, Brussels · tallest building 35.8 m, ±10 floors. Linked by address, not a title deed.

1 establishment unit

AIR

Terhulpsesteenweg 185, 1170 Watermaal-BosvoordeAdvertising agencies

since 20222.341.170.719

1 parcel

Brussels 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
21652E0042/00H002 ProtectedMonument · Site or landscapeCBRSource ↗	Brussels	7,608 m²	1 · 1,019 m²	35.8 m · 10 fl.

Linked by address, not proof of ownership

Methodology

via registered seat: 1

1 of 1 parcel with an exact address match; the rest are indicative.

Linked through address data, this is not proof of ownership.

1 of these parcels carry protected heritage (source: regional heritage registers, Onroerend Erfgoed / patrimoine.brussels).

Structure & network

Connections & network

2 connected companies

Linked via shared directors

R-STREAM

Shared corporate director

→

The Journey

Shared corporate director

→

Similar companies · same sector, comparable size

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BE 0467.733.406

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EURO-VEG Belgium

BE 0463.092.054

Wevelgem · Eq €387,999

IMMODOS

BE 0436.479.907

Kruisem · Eq €388,959

SCORE

BE 0450.312.503

Bertrix · Eq €386,808

RECLAME QUINTENS

BE 0466.966.512

Leopoldsburg · Eq €386,460

Of 9,860 companies in sector 73110 we hold annual accounts for 3,753. 2,352 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector

Company data · Crossroads Bank

Identification

Legal formPublic limited company

Founded23-12-2022

Fiscal year end31-12

Activities, NACEBEL 2025

73110Advertising agencies

Sources

Crossroads Bank for EnterprisesNational Bank · 3 filingsAddress and cadastre registers

Scores and ratios are computed by Checked and are not a credit decision.