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AIRKAN

Active
Public limited companyfounded 198244 years activeBerchemweg 105, 9700 Oudenaarde, BelgiumKBO/BCE: BE 0423.001.459
Summary

AIRKAN has been active since 1982 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €20.7m and a net result of €1.8m. Equity is growing by ~6.9% per year across the filed fiscal years. Its solvency ranks better than 93% of 819 sector peers (NACE 25, fiscal year 2025). The computed 12-month bankruptcy probability is < 0.1% (very low).

Overview

Activity
Manufacture of fabricated metal products, except machinery and equipment
NACE 25999
#8 employer in Oudenaarde, Manufacturing sector1 site
Size
€24.5mturnover 2025
Staff
66.5 FTE
Equity
€20.7m
Profit
€1.8m
Financial health
97 Excellent Checked score 2025
Bankruptcy probabilitywithin 12 months
< 0.1%
Structure
Parent
LIEVAIR · 90.02%
Holdings
1
  • LIEVAIRManaging director · permanent representative Lieven Tsjoen
  • AVW ConsultDirector · permanent representative Angélique Van Welden
  • LIEVAIRManaging director · permanent representative Lieven Tsjoen
Auditor: Moore AuditAccounts 14 days early
Why 97+ Founded in 1982+ Profit of €1.8m (FY 2025)+ Liquidity: current ratio 6.53, cash €2.8m+ Equity €20.7m (86.3% of total assets)Show the evidence

Checked score

Score 2025
97 / 100
Excellent
Probability in this band: under 0.55%
Financially better than 79% of its sector peers (NACE 25, medium-sized)
Financial strength · tick = 2024
Strong
Solvency 100=
equity 86.3% of total assets
Liquidity 63+12
short-term debt 11.9% · cash 11.7%
Profitability 75+2
return on assets 7.7%
Bankruptcy probability, 12 months
< 0.1% Very low
0%0.5%1.5%4%10%≥ 25%

Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.3% (134 companies)
Last 24 months 11-2024: < 0.1% 12-2024: < 0.1%● unchanged vs 11-2024 01-2025: < 0.1%● unchanged vs 12-2024 02-2025: < 0.1%● unchanged vs 01-2025 03-2025: < 0.1%● unchanged vs 02-2025 04-2025: < 0.1%● unchanged vs 03-2025lowest value 05-2025: < 0.1%● unchanged vs 04-2025 06-2025: < 0.1%● unchanged vs 05-2025 07-2025: < 0.1%● unchanged vs 06-2025 08-2025: 0.1%▲ +0.1 percentage points vs 07-2025 09-2025: 0.1%● unchanged vs 08-2025 10-2025: 0.1%● unchanged vs 09-2025 11-2025: 0.1%● unchanged vs 10-2025 12-2025: 0.1%● unchanged vs 11-2025 01-2026: 0.1%● unchanged vs 12-2025 02-2026: 0.1%● unchanged vs 01-2026 03-2026: 0.1%● unchanged vs 02-2026 04-2026: 0.1%● unchanged vs 03-2026 05-2026: 0.1%● unchanged vs 04-2026 06-2026: 0.1%● unchanged vs 05-2026 07-2026: 0.1%● unchanged vs 06-2026highest value 08-2026: < 0.1%▼ -0.1 percentage points vs 07-2026 09-2026: < 0.1%● unchanged vs 08-2026 10-2026: < 0.1%● unchanged vs 09-2026
Credit up to €2,000,000 at 30 days acceptable
Liquidity ample (current ratio 6.53 against 3.59 in 2024; short-term debt: 11.9% and cash: 11.7% of total assets), and 13.7% of the assets are financed with debt.
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 25, medium-sized): better than 95% on solvency, 90% on liquidity, 76% on profitability and 56% on growth.

The bankruptcy probability was computed on 07-10-2026 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

Five signals.
−lowers risk○neutral
lowers risk · Founded in 1982
How long the company has existed counts in the probability; how much depends on the rest of its profile.
KBO
lowers risk · Profit of €1.8m (FY 2025)
NBB · annual accounts
lowers risk · Liquidity: current ratio 6.53, cash €2.8m
NBB · annual accounts
lowers risk · Equity €20.7m (86.3% of total assets)
NBB · annual accounts
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 17-07-2026, 14 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
14 days early
2024
14 days late
2023
21 days early
2022
24 days late
2021
10 days late
2020
18 days late
2019
17 days 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 7 days after the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 35% 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 10 August (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Position in the running window
08-10-2026 today31-12-2026 close31-07-2027 deadline
neutral · No strike-offs in the KBO publications
Checked from 2021 on.
KBO publications · our coverage
  1. Annual accounts filedfiscal year 2025 · full…
  2. Permanent representative: Wendy Van der BiestReappointment: Moore Audit BV (statutory…
  3. Annual accounts filedfiscal year 2024 · full…

Key points

  • Positive: Among the best 5% on equitysector median €1.2m · 819 companies €20.7m View
  • Positive: 8 profitable years in a rowprofit 2025: €1.8m 8 years View
  • Controlled by LIEVAIRknown shareholders 100% (incl. 9.98% own shares) 90.02% View

By topic

Financials

Fiscal year
2025
Turnover
€24.5m
Profit
€1.8m
Solvency
86.3%
Turnover▲ 0.2%
Net result
20182025
Go to Financials

Board & ownership

Board
3 members
Parent
LIEVAIR · 90.02%
Known shareholders
100%
Auditor
Moore Audit
  • LIEVAIRManaging director
  • AVW ConsultDirector
  • LIEVAIRManaging director
Go to Board & ownership

Timeline

Events
30
Since
2003
Next accounts
by 31-07-2027
  1. 10-07-2024Annual accounts filed
  2. 31-12-2023Highest result since 2018
  3. 01-12-2023Reappointments: Lievair (director) and AVW Consult (director)
Go to Timeline

Company details

Sites
1
Legal form
Public limited company
Activity
Manufacture of fabricated metal products, except machinery and…NACE 25999
Founded
07-07-1982
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

Articles of association

Provisions read
2
Purpose
Het vervaardigen, het verkopen en het plaatsen van luchtkanalen en toebehoren in…
Go to Articles of association

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