AIR EVOLUTION
ActiveSummary
AIR EVOLUTION has been active since 2013 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €550,668 and a net result of €23,497. Equity is growing by ~18.8% per year across the filed fiscal years. Its solvency ranks better than 31% of 7940 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.9% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability45▲+35
Solvency54▲+3
Growth52=
Track record100
Bankruptcy probability, 12 months
0.9%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €30,000 at 30 days acceptable
Liquidity ample (current ratio 2.31 against 1.86 in 2024; short-term debt: 12.9% and cash: 0.7% of total assets), but 71.2% of the assets are financed with debt.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% more 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
28.8%
Return on assets
1.2%
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
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 13-07-2026, 18 days ahead of the deadline.
NBB · 9 filingsDeviation from the deadline
2025
18 d early
2024
7 d early
2023
79 d late
2022
4 d late
2021
31 d late
2020
26 d late
2019
31 d late
← 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 21 days after the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% 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. Usually files around 4 August (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
30-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
Turnover
€1.2m
EBIT margin
-10.6%
Net result
€23,497
2024 · -€197,409
Working capital
€324,003▲ 15.2%
2024 · €281,268
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Turnover€1.2m
Operating result€254,407▲ 57.0%€238,414▼ 6.3%€186,084▼ 21.9%-€130,006€85,160
Net result€228,879above the sector's middle half▲ 102%€146,723above the sector's middle half▼ 35.9%€100,439within the sector's middle half▼ 31.5%-€197,409below the sector's middle half€23,497within the sector's middle half
EBIT margin-10.6%
Equity€479,609within the sector's middle half▲ 22.8%€624,141within the sector's middle half▲ 30.1%€724,580within the sector's middle half▲ 16.1%€527,171within the sector's middle half▼ 27.2%€550,668within the sector's middle half▲ 4.5%
Total assets€1.8mabove the sector's middle half▲ 187%€1.8mabove the sector's middle half▲ 2.7%€2.0mabove the sector's middle half▲ 11.1%€2.1mabove the sector's middle half▲ 1.6%€1.9mabove the sector's middle half▼ 7.2%
Debt€1.3m▲ 464%€1.2m▼ 7.4%€1.3m▲ 8.5%€1.5m▲ 17.6%€1.4m▼ 11.2%
Working capital€456,013above the sector's middle half▲ 19.7%€607,595above the sector's middle half▲ 33.2%€513,267above the sector's middle half▼ 15.5%€281,268within the sector's middle half▼ 45.2%€324,003within the sector's middle half▲ 15.2%
Solvency27.0%within the sector's middle half▼ 36.0pp34.2%within the sector's middle half▲ 7.2pp35.7%within the sector's middle half▲ 1.5pp25.6%within the sector's middle half▼ 10.1pp28.8%within the sector's middle half▲ 3.2pp
Current ratio2.86above the sector's middle half▼ 0.154.91above the sector's middle half▲ 2.052.37within the sector's middle half▼ 2.541.86within the sector's middle half▼ 0.512.31within the sector's middle half▲ 0.45
Return on assets (ROA)12.9%above the sector's middle half▼ 5.4pp8.0%within the sector's middle half▼ 4.8pp5.0%within the sector's middle half▼ 3.1pp-9.6%below the sector's middle half▼ 14.5pp1.2%within the sector's middle half▲ 10.8pp
Staff (FTE)9.2within the sector's middle half▲ 29.6%8within the sector's middle half▼ 13.0%8within the sector's middle half=9.5above the sector's middle half▲ 18.8%8.7within the sector's middle half▼ 8.4%
above
within
below
the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €85,160 after a loss of €130,006 in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.9m
Fixed assets
€1.3m ▼ 7.7%
Current assets
€571,611 ▼ 5.9%
Equity and liabilities €1.9m
Equity
€550,668 ▲ 4.5%
Debt
€1.4m ▼ 11.2%
Debt's share of the balance-sheet total falls from 74.4% to 71.2%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€197,334▲
2024 · -€15,078
Cash flow
€135,671▲
2024 · -€82,482
Quick ratio
2.00▲
2024 · 1.68
Debt to equity
2.47▼
2024 · 2.91
ROE
4.3%▲
2024 · -37.4%
Interest coverage
2.98▲
2024 · -0.23
Debt ≤ 1 year
€247,608▼
2024 · €326,390
Debt > 1 year
€1.1m▼
2024 · €1.2m
Income taxes
-€2,889▼
2024 · €2,158
Staff costs
€384,877▼
2024 · €430,709
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 4,508 companies that looked in July 2024 the way this one looks now, 1.4% went bankrupt within 24 months and 97% are still going.
- Micro
- 10 to 20 years old
- solvency 10 to 30%
- a profit under 5% of the balance sheet
1.4%
went bankrupt
1.6%
stopped otherwise
97%
still going
For this company itself Checked computes a bankruptcy probability of 0.9% 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 497,340 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
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 4,508 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 |
|---|---|---|---|---|---|---|
| Turnover70 | - | - | - | €1.2m | - | - |
| Non-recurring operating income76A | - | - | - | - | €6,362 | - |
| Goods, raw materials, services and sundry goods60/61 | - | - | - | €901,747 | - | - |
| Remuneration, social security and pensions62 | €330,699 | €342,183 | €404,637 | €430,709 | €384,877 | ▼ 10.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €16,998 | €39,772 | €90,572 | €114,928 | €112,174 | ▼ 2.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | €16,529 | €64,607 | -€5,400 | - | - | - |
| Other operating charges640/8 | €3,958 | €16,438 | €3,808 | €5,951 | €2,949 | ▼ 50.4% |
| Non-recurring operating charges66A | - | €1,000 | €106 | - | €3,876 | - |
| Gross operating margin9900 | €622,591 | €702,414 | €679,807 | €421,581 | €589,036 | ▲ 39.7% |
| Operating profit (loss)9901 | €254,407 | €238,414 | €186,084 | -€130,006 | €85,160 | ▲ 166% |
| Financial income75/76B | €1,650 | - | - | €1,074 | €1,580 | ▲ 47.0% |
| Recurring financial income75 | €1,650 | - | - | €1,074 | €1,580 | ▲ 47.0% |
| Financial charges65/66B | €2,935 | €14,051 | €49,432 | €66,320 | €66,131 | ▼ 0.3% |
| Recurring financial charges65 | €2,935 | €14,051 | €49,432 | €66,320 | €66,131 | ▼ 0.3% |
| Profit (loss) for the period before taxes9903 | €253,122 | €224,364 | €136,652 | -€195,252 | €20,608 | ▲ 111% |
| Income taxes67/77 | €24,244 | €77,641 | €36,213 | €2,158 | -€2,889 | ▼ 234% |
| Profit (loss) for the period9904 | €228,879 | €146,723 | €100,439 | -€197,409 | €23,497 | ▲ 112% |
| Profit (loss) for the period to be appropriated9905 | €228,879 | €146,723 | €100,439 | -€197,409 | €23,497 | ▲ 112% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.8m | €1.8m | €2.0m | €2.1m | €1.9m | ▼ 7.2% |
| Fixed assets21/28 | €1.1m | €1.1m | €1.1m | €1.5m | €1.3m | ▼ 7.7% |
| Tangible fixed assets22/27 | €1.1m | €1.1m | €1.1m | €1.5m | €1.3m | ▼ 7.7% |
| Land and buildings22 | €13,393 | €11,531 | €10,017 | €7,633 | €5,704 | ▼ 25.3% |
| Plant, machinery and equipment23 | €9,985 | €10,527 | €148,117 | €132,498 | €114,738 | ▼ 13.4% |
| Furniture and vehicles24 | €29,153 | €20,328 | €15,913 | €8,087 | €2,100 | ▼ 74.0% |
| Leasing and similar rights25 | €1.0m | €1.0m | €967,433 | €1.3m | €1.2m | ▼ 6.6% |
| Financial fixed assets28 | €214 | €214 | €214 | €214 | €214 | = |
| Current assets29/58 | €700,706 | €762,908 | €886,972 | €607,658 | €571,611 | ▼ 5.9% |
| Stocks and contracts in progress3 | €92,287 | €214,903 | €142,959 | €60,552 | €76,052 | ▲ 25.6% |
| Stocks30/36 | €92,287 | €214,903 | €142,959 | €60,552 | €76,052 | ▲ 25.6% |
| Amounts receivable within one year40/41 | €544,933 | €414,780 | €508,996 | €529,397 | €478,006 | ▼ 9.7% |
| Trade receivables40 | €318,431 | €308,696 | €335,385 | €349,344 | €295,690 | ▼ 15.4% |
| Other amounts receivable41 | €226,502 | €106,084 | €173,611 | €180,053 | €182,316 | ▲ 1.3% |
| Current investments50/53 | €5,000 | €5,000 | €5,000 | €5,000 | €5,000 | = |
| Cash at bank and in hand54/58 | €58,486 | €128,225 | €230,016 | €12,427 | €12,553 | ▲ 1.0% |
| Deferred charges and accrued income490/1 | - | - | - | €282 | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.8m | €1.8m | €2.0m | €2.1m | €1.9m | ▼ 7.2% |
| Equity10/15 | €479,609 | €624,141 | €724,580 | €527,171 | €550,668 | ▲ 4.5% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €116,860 | €116,860 | €116,860 | €116,860 | €116,860 | = |
| Non-distributable reserves130/1 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Other1319 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Tax-exempt reserves132 | €15,000 | €15,000 | €15,000 | €15,000 | €15,000 | = |
| Distributable reserves133 | €100,000 | €100,000 | €100,000 | €100,000 | €100,000 | = |
| Profit (loss) carried forward14 | €344,149 | €488,681 | €589,120 | €391,711 | €415,208 | ▲ 6.0% |
| Amounts payable17/49 | €1.3m | €1.2m | €1.3m | €1.5m | €1.4m | ▼ 11.2% |
| Amounts payable after more than one year17 | €1.1m | €1.0m | €930,381 | €1.2m | €1.1m | ▼ 7.7% |
| Financial debts170/4 | €1.1m | €1.0m | €930,381 | €1.2m | €1.1m | ▼ 7.7% |
| Amounts payable within one year42/48 | €244,693 | €155,313 | €373,705 | €326,390 | €247,608 | ▼ 24.1% |
| Current portion of amounts payable after more than one year42 | €50,640 | €57,084 | €118,049 | €85,581 | €81,910 | ▼ 4.3% |
| Trade debts44 | €30,122 | €74,290 | €233,192 | €240,809 | €81,976 | ▼ 66.0% |
| Suppliers440/4 | €30,122 | €74,290 | €233,192 | €240,809 | €81,976 | ▼ 66.0% |
| Taxes, remuneration and social security45 | €23,931 | €23,939 | €22,464 | - | €83,721 | - |
| Taxes450/3 | €13,936 | €20,464 | €20,464 | - | €5,674 | - |
| Remuneration and social security454/9 | €9,995 | €3,475 | €2,000 | - | €78,047 | - |
| Other amounts payable47/48 | €140,000 | - | - | - | €1 | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €228,879 | €146,723 | €100,439 | -€197,409 | €23,497 | ▲ 112% |
| + Depreciation and write-downs630 | €16,998 | €39,772 | €90,572 | €114,928 | €112,174 | ▼ 2.4% |
| Operating cash flow (approximation) | €245,876 | €186,495 | €191,011 | -€82,482 | €135,671 | ▲ 264% |
| Investment in fixed assets (approximation) | - | -€26,342 | -€168,574 | -€425,909 | €0 | ▲ 100% |
| Change in cash | - | €69,739 | €101,792 | -€217,589 | €126 | ▲ 100% |
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
06-08
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
13-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Back to profitnet €23,497
Net result €23,497 after one loss-making year.
24-07
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
31-12
Financial
Weakest financial yearnet -€197,409
Net result drops to -€197,409, the lowest in the series; recovery starts the following year.
18-10
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 79 days late
2023
04-08
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 4 days late
2022
31-12
Financial
Equity above €500,000Eq €624,141 ▲30.1%
5 profitable years in a row build equity to €624,141.
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 31 days late
2021
31-12
Financial
Highest result since 2018net €228,879 ▲102%
Operating result €254,407, net result €228,879, both a record.
26-08
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 26 days late
2020
31-08
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 31 days late
Show earlier events
2019
31-12
Financial
Equity above €200,000Eq €277,185 ▲62.9%
2 profitable years in a row build equity to €277,185.
01-08
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 1 day late
2018
27-08
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 27 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 7 acts read
About the unread acts
We know of 7 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
7 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, Charleroi · 1 establishment unit since 2014
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.
Rue de Dublin 116040 Charleroi1 establishment unit
Air Evolution
since 20142.225.587.794
Recognitions · licences · registrations
Recognised contractor
5 categoriesAIR EVOLUTION SRL45176
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Of 9,537 companies in sector 43222 we hold annual accounts for 5,668. 3,887 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
Founded30-12-2013
Fiscal year end31-12
Activities, NACEBEL 2025
43222Installation of electric heating, air conditioning, cooling and ventilation
E-invoicing
Reachable via Peppol
Peppol ID
0208:0543664709
Registered
17-06-2026
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.