Air Developments

Active

Private limited companyfounded 2018active for 8 yearsPontstraat 46, 8540 Deerlijk, BelgiumKBO/BCE: BE 0704.959.376

Summary

The annual accounts of Air Developments for financial year 2025 show a net loss of 68% of total assets and of 79% of the equity at the start of that year. The 2025 annual accounts show equity of €17,089 and a net result of -€65,966. Equity is shrinking by about 10% per year across the filed financial years. Its solvency ranks better than 20% of 11,583 sector peers (NACE 71, financial year 2025). The company has been active since 2018 and the Belgian Official Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 0.2% (very low).

Risk analysisFollow Report Compare

Air DevelopmentsActiveChecked score 54/100

Risk analysis Report Compare

Directors

2 directors, last change in 2025

Board 2

ICO INVEST

Director · since 01-12-2023 · Limited partnership · permanent representative: COSAERT Ignace

Current

REC XVI

Director · since 15-05-2025 · Public limited company · permanent representative: Erwin COK

Current

Permanent representatives 2

COSAERT Ignace

Permanent representative · since 01-12-2023 · for ICO INVEST

Current

Erwin COK

Permanent representative · since 15-05-2025 · for REC XVI

Current

Derived from published Gazette deeds. The KBO keeps the official list of office holders; we do not read it, so the two can differ. See the directors and other office holders in the KBO →

Not every act has been read: a resignation may still be missing

3 of this company's 5 Belgian Official Gazette deeds have not been read yet. Appointments and resignations recorded in them are not yet in the list of directors: someone who resigned there may still be listed as sitting. The acts are in the Timeline.

Mandate history

6 people since 2023, 2 in office

All 6 In office 2 Ended 4

Board
Day-to-day management
began earlier

Mandates per person, with start and end dates
Name	Functions and periods
ICO INVEST	Director, from 01-12-2023 to date
REC XVI	Director, from 15-05-2025 to date
dm.vdc	Director, from 01-12-2023 to 27-11-2025 Day-to-day manager, from before 01-12-2023 to 27-11-2025
SUMMA	Director, until 27-10-2025
COSAERT Ignace	Director, until 01-12-2023
Stefan VAN DER CRUYSSE	Director, until 01-12-2023

See the board, name and registered office on a given date →

Owners and capital

Owners

1 owner

Owners 1

SUMMA
Sourceaccounts SUMMA 2025

32.83%

Sources: the companies' annual accounts, the acts in the Belgian Official Gazette and the LEI register. Annual accounts state the shareholders that notified the company under article 7:225 of the Code of Companies and Associations and the parent companies that consolidate it. 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 include these statements in its annual accounts, or does not have to, is not listed.