AIR HIPPO
ActiveSummary
AIR HIPPO has been active since 2006 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €267,522 and a net result of €30,562. Equity is growing by about 14% per year across the filed financial years. Its solvency ranks better than 95% of 2,589 sector peers (NACE 85, financial year 2025). The computed 12-month bankruptcy probability is below 0.1% (very low).
Overview
- Equity
- €267,522
- Profit
- €30,562
Why 97lowers riskLiquidity: current ratio 15.72, cash €107,504Equity €267,522 (96.5% of total assets)Sector: Education (NACE 85)Size: total assets €277,148Show the evidence
Checked score
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
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 (NACE 85, micro): better than 88% on solvency, 92% on liquidity, 64% on profitability and 65% on growth.
The bankruptcy probability was computed on 25-10-2026 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
This company filed its last 7 accounts on average 10 days after the deadline; the sector median (NACE 85) for financial year 2024 is 16 days before the deadline, and 32% of those companies filed late.
Searched, nothing found (2)
- Annual accounts filedfinancial year 2025 · micro…
- Back to profitnet €30,562
- Annual accounts filedfinancial year 2024 · micro…
Financials · financial year 2025, micro format
2025 annual accounts filed late (26 days) Filed on 26 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00449002.
2021 to 2025, 5 financial years 2018 to 2025, 8 financial years
The operating result recovers in 2025; 2025 is 294 times 2024.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 85, Education: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Peer companies
Historical observationOf the 34,695 companies that looked in July 2024 the way this one looks now, 0.7% went bankrupt within 24 months and 95.3% are still going.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
For this company itself Checked computes a bankruptcy probability of < 0.1% 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 497,475 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% | 0.9% |
| 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 74.5% 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 34,695 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.
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €11,021 | €27,246 | €21,574 | €20,398 | €20,613 | €21,373 | €22,932 | €23,564 | ▲ 2.8% |
| Other operating charges640/8 | - | - | - | €712 | €917 | €913 | €2,161 | €1,347 | ▼ 37.7% |
| Gross operating margin9900 | €31,163 | €39,937 | €9,233 | €68,320 | €93,370 | €84,211 | €25,247 | €70,465 | ▲ 179% |
| Operating profit (loss)9901 | €20,027 | €12,483 | -€12,966 | €47,210 | €71,840 | €61,926 | €155 | €45,554 | ▲ 294× |
| Financial income75/76B | - | - | - | €331 | - | €0 | - | €39 | - |
| Recurring financial income75 | €16 | - | - | €331 | - | €0 | - | €39 | - |
| Non-recurring financial income76B | - | - | - | €331 | - | €0 | - | €39 | - |
| Financial charges65/66B | - | - | - | €43 | €39 | €204 | €344 | €85 | ▼ 75.3% |
| Recurring financial charges65 | €36 | €36 | €39 | €43 | €39 | €204 | €344 | €85 | ▼ 75.3% |
| Non-recurring financial charges66B | - | - | - | - | - | - | - | €0 | - |
| Profit (loss) for the period before taxes9903 | €14,336 | €12,447 | -€13,006 | €47,498 | €71,801 | €61,721 | -€190 | €45,508 | - |
| Income taxes67/77 | €5,909 | €4,960 | - | €12,791 | €23,132 | €19,958 | €533 | €14,946 | ▲ 28× |
| Profit (loss) for the period9904 | €8,427 | €7,487 | -€13,006 | €34,707 | €48,668 | €41,763 | -€723 | €30,562 | - |
| Profit (loss) for the period to be appropriated9905 | €8,427 | €7,487 | -€13,006 | €34,707 | €48,668 | €41,763 | -€723 | €30,562 | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €165,975 | €282,354 | €264,382 | €244,626 | €206,370 | €244,174 | €239,492 | €277,148 | ▲ 15.7% |
| Fixed assets21/28 | €115,749 | €232,234 | €218,632 | €198,234 | €182,371 | €162,171 | €148,187 | €125,845 | ▼ 15.1% |
| Tangible fixed assets22/27 | €115,749 | €232,234 | €218,632 | €198,234 | €182,371 | €162,171 | €148,187 | €125,845 | ▼ 15.1% |
| Land and buildings22 | - | - | - | €198,234 | €177,996 | €157,759 | €137,521 | €117,283 | ▼ 14.7% |
| Plant, machinery and equipment23 | - | - | - | - | €4,375 | €3,687 | €10,222 | €7,372 | ▼ 27.9% |
| Furniture and vehicles24 | - | - | - | - | - | €725 | €445 | €1,190 | ▲ 168% |
| Current assets29/58 | €50,226 | €50,120 | €45,750 | €46,392 | €23,999 | €82,003 | €91,305 | €151,303 | ▲ 65.7% |
| Amounts receivable within one year40/41 | €29,967 | €43,097 | €42,799 | €30,610 | €11,102 | €34,012 | €42,759 | €43,604 | ▲ 2.0% |
| Trade receivables40 | - | - | - | - | - | - | €5,548 | €5,107 | ▼ 7.9% |
| Other amounts receivable41 | - | - | - | €30,610 | €11,102 | €34,012 | €37,211 | €38,497 | ▲ 3.5% |
| Cash at bank and in hand54/58 | €17,252 | €2,919 | €1,367 | €690 | €1,760 | €41,051 | €46,265 | €107,504 | ▲ 132% |
| Deferred charges and accrued income490/1 | - | - | - | €15,093 | €11,136 | €6,940 | €2,281 | €195 | ▼ 91.4% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €165,975 | €282,354 | €264,382 | €244,626 | €206,370 | €244,174 | €239,492 | €277,148 | ▲ 15.7% |
| Equity10/15 | €118,063 | €125,550 | €112,544 | €147,251 | €195,919 | €237,683 | €236,960 | €267,522 | ▲ 12.9% |
| Contributions10/11 | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Contributions outside capital11 | - | - | - | €6,200 | €6,200 | €6,200 | €6,200 | - | - |
| Other1109/19 | - | - | - | €6,200 | €6,200 | €6,200 | €6,200 | - | - |
| Reserves13 | €17,246 | €24,733 | €24,733 | €59,440 | €108,108 | €149,871 | €149,871 | €180,433 | ▲ 20.4% |
| Non-distributable reserves130/1 | - | - | - | €8,819 | €8,819 | €8,819 | €8,819 | €8,819 | = |
| Reserves not available under the articles1311 | - | - | - | €8,819 | €8,819 | €8,819 | €8,819 | €8,819 | = |
| Distributable reserves133 | - | - | - | €50,621 | €99,289 | €141,052 | €141,052 | €171,614 | ▲ 21.7% |
| Profit (loss) carried forward14 | €94,617 | €94,617 | €81,611 | €81,611 | €81,611 | €81,611 | €80,889 | €80,889 | = |
| Amounts payable17/49 | €47,912 | €156,804 | €151,838 | €97,375 | €10,451 | €6,491 | €2,532 | €9,625 | ▲ 280% |
| Amounts payable within one year42/48 | €47,912 | €156,804 | €151,838 | €97,375 | €10,451 | €6,491 | €2,532 | €9,625 | ▲ 280% |
| Financial debts43 | - | - | - | €2,302 | - | - | - | - | - |
| Other loans439 | - | - | - | €2,302 | - | - | - | - | - |
| Trade debts44 | €514 | €2,887 | €1,350 | €50 | €2,113 | €1,585 | €1,483 | €6,569 | ▲ 343% |
| Suppliers440/4 | - | - | - | €50 | €2,113 | €1,585 | €1,483 | €6,569 | ▲ 343% |
| Taxes, remuneration and social security45 | - | - | - | €3,471 | €8,337 | €4,906 | €1,049 | €3,056 | ▲ 191% |
| Taxes450/3 | - | - | - | €3,471 | €8,337 | €4,906 | €1,049 | €3,056 | ▲ 191% |
| Other amounts payable47/48 | - | - | - | €91,552 | - | - | - | - | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €8,427 | €7,487 | -€13,006 | €34,707 | €48,668 | €41,763 | -€723 | €30,562 | - |
| + Depreciation and write-downs630 | €11,021 | €27,246 | €21,574 | €20,398 | €20,613 | €21,373 | €22,932 | €23,564 | ▲ 2.8% |
| Operating cash flow (approximation) | €19,448 | €34,733 | €8,569 | €55,104 | €69,281 | €63,136 | €22,209 | €54,127 | ▲ 144% |
| Investment in fixed assets (approximation) | - | -€143,731 | -€7,971 | €0 | -€4,750 | -€1,172 | -€8,948 | -€1,222 | ▲ 86.3% |
| Change in cash | - | -€14,333 | -€1,552 | -€677 | €1,071 | €39,291 | €5,214 | €61,238 | ▲ 12× |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Latest 10 of 18 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | micro format | 26-08-2026 | 2026-00449002 |
| 31-12-2024 | micro format | 28-06-2025 | 2025-00212978 |
| 31-12-2023 | micro format | 24-06-2024 | 2024-00167297 |
| 31-12-2022 | micro format | 28-08-2023 | 2023-00405144 |
| 31-12-2021 | micro format | 26-08-2022 | 2022-20341732 |
| 31-12-2020 | micro format | 27-08-2021 | 2021-55500187 |
| 31-12-2019 | micro format | 31-08-2020 | 2020-49700164 |
| 31-12-2018 | micro format | 29-08-2019 | 2019-58200520 |
| 31-12-2017 | full format | 21-05-2018 | 2018-13300301 |
| 30-11-2016 | full format | 20-05-2017 | 2017-12800085 |
Similar companies · same sector, comparable size
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Owners and capital
Owners
No owners or capital events in the accounts and acts we read.
History
Acts, filings and financial milestones
16-02
Gazette deed
Amendment of the articles · Legal-form change · Resignations & appointments · MiscellaneousCapital conversion · Kind of shares · Board composition7 facts ▸
- General meeting, 29-01-2024
- Other provision, “constatation transformation en SRL et maintien de forme, conserver cette forme” (deed in French)
- Capital conversion, “suppression des comptes statutairement indisponibles, compte de capitaux propres statutairement indisponible” (deed in French)
- Amendment of the articles
- Kind of shares, 100
- Board composition, BRAET Christian (sole director)
- Power of attorney, BRAET Christian
Show earlier events
About the unread acts
Of the 5 Belgian Official Gazette deeds we know for this company, 1 has been read. The other 4 have not been read yet: what they contain is neither established nor disproved here.
Register details
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 26 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.
Sites & property
1 establishment unit
2 parcels
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 21017D0074/00H003 | Brussels | 1,281 m² | 1 · 169 m² | 8.3 m · 2 |
| 21017D0074/00G003 | Brussels | 432 m² | 1 · 81 m² | 8.6 m · 2 |
How the parcels are linked
Articles of association
What the company does
- PurposeThe activities the company may carry out under its articles.
- “Toutes opérations relatives à l’instruction dans le domaine du pilotage d’aéronefs.Cette instruction pourra se donner dans tous types…” (deed in French)
10 activities (deed in French)
- Toutes opérations relatives à l’instruction dans le domaine du pilotage d’aéronefs.Cette instruction pourra se donner dans tous types d’aéronefs,dans un simulateur ou dans une salle de cours.A cette fin,la société pourra effectuer tout achat ou location nécessaire à la réalisation de cet objet.
- Donner de l’instruction dans le domaine équestre,allant de l’apprentissage du cavalier et du dressage de chevaux.A cette fin,la société pourra effectuer tout achat ou location nécessaire à la réalisation de cet objet.
- S’occuper occasionnellement du déplacement des chevaux ainsi que des cavaliers.Pour ce faire,la société prévoit la mise en location d’un Van pour les transports des chevaux ainsi que d’un Mobil Home pour celui des cavaliers.
- L’achat,l’échange,la vente,la prise en location et en sous-location,ainsi que la cession en location ou en sous-location,le tout avec ou sans option d’achat,l’exploitation et l’entretien de maisons,appartements,chambres d’hôtels,bureaux,magasins,fonds de commerce,terrains,terres et domaines,et de manière générale,de tous les biens immobiliers,ainsi que leur opération de financement.
- Ériger toutes constructions pour son compte ou pour compte de tiers,en tant que maître de l’ouvrage ou entrepreneur général,et effectuer,éventuellement aux biens immobiliers,des transformations et mise en valeur ainsi que l’étude et l’aménagement de lotissements y compris la construction de routes et égouts;souscrire des engagements en tant que conseiller en construction;acheter tous matériaux,signer tous contrats d’entreprises;réaliser toutes opérations de change,commission et courtage,ainsi que la gérance d’immeubles.
- Acheter,exploiter et construire tant pour elle-même que pour des tiers,par location ou autrement,tous parkings,garages,station-service et d’entretien.
- La conception,l’invention,la fabrication,la construction,l’importation,l’exportation,l’achat et la vente,la distribution,l’entretien,l’exploitation tant en nom propre qu’en qualité d’agent,de commissionnaire ou de courtier de tout bien mobilier accessoire aux biens immobiliers visés ci-dessus
- La prestation de tout service dans le cadre de son objet,y compris la gestion de patrimoine
- S’intéresser directement ou indirectement,par voie d’apport,de souscription,de cession,de participation,de fusion,d’intervention financière ou autrement dans toutes sociétés,associations ou entreprises,tant en Belgique qu’à l’étranger dont l’objet social serait similaire ou connexe au sien,ou simplement utile ou favorable à l’extension de ses opérations ou à la réalisation de tout ou partie de son objet.
- Faire toutes opération mobilières,immobilières,commerciales,industrielles,import-export,assurances,coaching se rapportant directement ou indirectement à son objet social ou pouvant contribuer à son développement.
- DurationHow long the company exists; usually unlimited, so until it is dissolved.
- Unlimited
- Name clauseThe name the company operates under according to its articles.
- AIR HIPPO
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- “Région de Bruxelles-Capitale, sièges administratifs,agences,ateliers,dépôts et succursales,tant en Belgique qu'à l'étranger” (deed in French)
Who represents it, and how
- Board ruleHow the board is made up, meets and takes decisions.
- “Personnes physiques ou morales,actionnaires ou non, un ou plusieurs administrateurs” (deed in French)“Mandat exercé gratuitement ou non, portée aux frais généraux” (deed in French)
Capital, shares and profit
- Transfer restrictionWhether shareholders may sell their shares freely or need approval first.
- “Cession d'actions, 11” (deed in French)
Meetings and financial year
- Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
- 6 March at 19:00
Oversight and winding up
- Dissolution ruleWhen and by whom the company can be dissolved.
- “Décision de l’assemblée générale délibérant dans les formes prévues pour les modifications aux statuts, en tout temps” (deed in French)
- Liquidation ruleHow assets are shared after dissolution: creditors first, then shareholders.
- “27, dissolution pour quelque cause et à quelque moment que ce soit” (deed in French)