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AIR MASTERS

Active
Private limited companyfounded 201214 yrs activeIndustrielaan 61, 1070 Anderlecht, BelgiumKBO/BCE: BE 0844.095.087
Summary

The computed 12-month bankruptcy probability of AIR MASTERS is 10.2% (high). The 2024 annual accounts show equity of €453,061 and a net result of €46,621. Equity is growing by ~18.8% per year across the filed fiscal years. Its solvency ranks better than 23% of 7462 sector peers (fiscal year 2024). The company has been active since 2012 and the Belgian State Gazette contains no insolvency or warning signals.

Risk analysisWatch ReportCompare
AIR MASTERSActiveChecked score 31/100
Risk analysis ReportCompare

Overview

What they do
Installation of electric heating, air conditioning, cooling and ventilation
NACE 43222
1 site
How big
€2.0mtotal assets 2024
Staff
17 FTE
Equity
€453,061
Profit
€46,621
Turnover not published (abridged schema)
Financially healthy?
31 Weak Checked score 2024
Bankruptcy chance 12 m
10.2%
Who decides
Accounts 63 d overdue1 of 7 deeds read
Why 31- 2 changes of registered office in 24 months- Figures for FY 2024 (filed 02-09-2025)- Liquidity: current ratio 1.46, cash €3,683, halved+ Founded in 2012Show the evidence

Checked score

Score 2024
31 / 100
Weak
Probability in this band: 4.2% to 15.0%
Better than 33% of its sector peers (NACE 43, small)
Performance against the sector, not lower risk
Every signal that weighs is under Signals.
Financial strength · tick = 2023
Weak
Solvency 47=
equity 22.3% of total assets
Liquidity 31-3
short-term debt 40.9% · cash 0.2%
Profitability 44-1
return on assets 2.3%
Bankruptcy probability, 12 months
10.2% High
0%0.5%1.5%4%10%≥ 25%

About 1 in 10 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.3% (2,625 companies)
Last 24 months 11-2024: 0.8%lowest value 12-2024: 0.8%● 0.0% vs 11-2024lowest value 01-2025: 0.8%● 0.0% vs 12-2024lowest value 02-2025: 0.8%● 0.0% vs 01-2025lowest value 03-2025: 0.8%● 0.0% vs 02-2025lowest value 04-2025: 0.9%▲ +6.1% vs 03-2025 05-2025: 0.9%▲ +0.3% vs 04-2025 06-2025: 0.9%▲ +2.4% vs 05-2025 07-2025: 1.2%▲ +33.7% vs 06-2025 08-2025: 1.9%▲ +52.4% vs 07-2025 09-2025: 2.3%▲ +24.0% vs 08-2025 10-2025: 1.1%▼ -50.7% vs 09-2025 11-2025: 1.1%● 0.0% vs 10-2025 12-2025: 1.1%● 0.0% vs 11-2025 01-2026: 1.1%● 0.0% vs 12-2025 02-2026: 1.1%● 0.0% vs 01-2026 03-2026: 1.2%▲ +1.2% vs 02-2026 04-2026: 1.9%▲ +65.5% vs 03-2026 05-2026: 2.3%▲ +18.6% vs 04-2026 06-2026: 4.0%▲ +76.1% vs 05-2026 07-2026: 4.3%▲ +8.0% vs 06-2026 08-2026: 5.5%▲ +27.5% vs 07-2026 09-2026: 6.8%▲ +23.6% vs 08-2026 10-2026: 10.2%▲ +51.2% vs 09-2026highest value
  • 2 changes of registered office in 24 months raises the probability
  • Figures for FY 2024 (filed 02-09-2025) raises the probability
  • Liquidity: current ratio 1.46, cash €3,683, halved raises the probability
  • Founded in 2012 lowers the probability for this profile
Credit up to €14,000 at 30 days only on tighter terms
Liquidity tight (current ratio 1.46 against 1.22 in 2023; short-term debt: 40.9% and cash: 0.2% of total assets), and 77.7% of the assets are financed with debt.
How it is calculated

The band comes from the bankruptcy probability on a scale of 0 to 100: every 10 points more double the odds of getting through the year without bankruptcy.

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%

Place inside the band: half the bankruptcy probability, half how the company does against its sector peers (NACE 43, small). Better than this share of them on solvency 25%, liquidity 25%, profitability 19%, growth against the median 63%. That is performance, not lower risk; the band itself always comes from the probability.

Bankruptcy probability: model pd-v3.202610020317, computed on 02-10-2026. The model learns from Belgian bankruptcies and reads the registers, the annual accounts and the gazette.

Ceilings: negative or zero equity, a heavy loss, a special KBO legal situation and a missing filing 59 (two missing 44), an ongoing judicial reorganisation or an ending 24. Financial strength does not count in the score.

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Signals

Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · 2 changes of registered office in 24 months
In the bankruptcy model this factor raises the probability.
Belgian State Gazette
raises risk · Figures for FY 2024 (filed 02-09-2025)
In the bankruptcy model this factor raises the probability.
NBB · annual accounts
raises risk · Liquidity: current ratio 1.46, cash €3,683, halved
In the bankruptcy model this factor raises the probability.
NBB · annual accounts
lowers risk · Founded in 2012
In the bankruptcy model this factor lowers the probability for this profile.
KBO
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 23% of 7462 sector peers (2024).
NBB · sector comparison
Position among 7462 sector peers
Solvency
better than 23%
← weakest strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 29-08-2025, 29 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 · 10 filings
Deviation from the deadline
2025
not confirmed
2024
29 d late
2023
30 d late
2022
31 d early
2021
26 d late
2020
36 d early
2019
24 d late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 6 accounts on average 7 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 (1)
neutral · 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
  1. Registered officeRegistered-office move
  2. Annual accounts filedfiscal year 2024 · abbreviated…
  3. Annual accounts filedfiscal year 2023 · abbreviated…

Key points

  • Caution: Accounts not fileddeadline was 31-07-2026 63 d late View
  • Among the largest 9% on gross marginsector median €342,343 · 7,454 companies €1.5m View
  • Positive: 7 profitable years in a rowprofit 2024: €46,621 7 years View

By topic

Financials

Fiscal year
2024
Total assets
€2.0m
Profit
€46,621
Solvency
22.3%
Total assets▲ 10.6%
Net result
20182024
Go to Financials

Timeline

Events
15
Since
2016
  1. 06-05-2026Registered office
  2. 29-08-2025Annual accounts filed
  3. 30-08-2024Annual accounts filed
Go to Timeline

Company details

Sites
1
Legal form
Private limited company
Activity
Installation of electric heating, air conditioning, cooling and…NACE 43222
Founded
28-02-2012
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

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