AIRLABEL
ActiveSummary
The computed 12-month bankruptcy probability of AIRLABEL is 2.8% (moderate). The 2025 annual accounts show negative equity (-€14,291) and a net result of -€275,983. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 10% of 7859 sector peers (fiscal year 2025). The company has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability0=
Solvency15▼-76
Growth32▼-20
Track record100
Bankruptcy probability, 12 months
2.8%
Moderate
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.97 against 2.91 in 2024; short-term debt: 78.5% and cash: 26.5% of total assets), and equity is negative.
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Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
-9.7%
Return on assets
-186.8%
Age of the figures
9 mo
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 82
Relative position
BE, all sectors
reference
Office administrative, office support and other business support activities (NACE 82)
about 37% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
19202122232425
2019 to 2025 · latest year -€14,291
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 28-07-2026, 3 days ahead of the deadline.
NBB · 7 filingsDeviation from the deadline
2025
3 d early
2024
31 d early
2023
7 d early
2022
30 d late
2021
31 d late
2020
2 d early
2019
28 d early
← 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 1 day before 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 28 July (4 of the last 5 filed years within 33 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, micro schema
Equity
-€14,291
2024 · €264,485
Total assets
€147,779▼ 62.9%
2024 · €398,812
Net result
-€275,983▼ 91.8%
2024 · -€143,881
Working capital
-€2,976
2024 · €224,474
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 82, Office administrative, office support and other business support 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
Operating result€121,989▲ 54.6%-€76,512-€592,356▼ 674%-€142,103▲ 76.0%-€275,115▼ 93.6%
Net result€91,800above the sector's middle half▲ 38.0%-€81,892below the sector's middle half-€604,053below the sector's middle half▼ 638%-€143,881below the sector's middle half▲ 76.2%-€275,983below the sector's middle half▼ 91.8%
Equity€77,964within the sector's middle half▲ 17.6%€1.0mabove the sector's middle half▲ 1,193%€411,159above the sector's middle half▼ 59.2%€264,485above the sector's middle half▼ 35.7%-€14,291below the sector's middle half
Total assets€352,255within the sector's middle half▲ 214%€1.2mabove the sector's middle half▲ 252%€706,165above the sector's middle half▼ 43.0%€398,812above the sector's middle half▼ 43.5%€147,779within the sector's middle half▼ 62.9%
Debt€274,291▲ 498%€229,982▼ 16.2%€268,881▲ 16.9%€134,327▼ 50.0%€122,070▼ 9.1%
Working capital€75,255within the sector's middle half▲ 20.5%€951,628above the sector's middle half▲ 1,165%€484,205above the sector's middle half▼ 49.1%€224,474above the sector's middle half▼ 53.6%-€2,976within the sector's middle half
Solvency22.1%within the sector's middle half▼ 37.0pp81.4%above the sector's middle half▲ 59.3pp58.2%within the sector's middle half▼ 23.2pp66.3%within the sector's middle half▲ 8.1pp-9.7%below the sector's middle half▼ 76.0pp
Current ratio1.47within the sector's middle half▼ 0.906.96above the sector's middle half▲ 5.504.37above the sector's middle half▼ 2.602.91within the sector's middle half▼ 1.450.97within the sector's middle half▼ 1.94
Return on assets (ROA)26.1%above the sector's middle half▼ 33.2pp-6.6%below the sector's middle half▼ 32.7pp-85.5%below the sector's middle half▼ 78.9pp-36.1%below the sector's middle half▲ 49.5pp-186.8%below the sector's middle half▼ 150.7pp
Staff (FTE)3.12.3▼ 25.8%2.1▼ 8.7%
above
within
below
the middle half (P25 to P75) of NACE 82, Office administrative, office support and other business support activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €275,115 in 2025 against €142,103 in 2024; the loss grows.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €147,779
Fixed assets
€34,738 ▼ 39.2%
Current assets
€113,041 ▼ 66.9%
Key figures and ratios
EBITDA
-€247,939▼
2024 · -€95,041
Cash flow
-€248,807▼
2024 · -€96,818
Debt to equity
-8.54▼
2024 · 0.51
Interest coverage
-70.80▼
2024 · -21.61
Debt ≤ 1 year
€116,017▼
2024 · €117,241
Income taxes
€159▼
2024 · €178
Staff costs
€201,267▲
2024 · €165,651
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 6,010 companies that looked in July 2024 the way this one looks now, 7.9% went bankrupt within 24 months and 83% are still going.
- Micro
- 5 to 10 years old
- negative equity
- a loss of 10% of the balance sheet or more
7.9%
went bankrupt
8.4%
stopped otherwise
83%
still going
A further 0.8% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 2.8% 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 6,010 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 |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €25,559 | €12,343 | ▼ 51.7% |
| Remuneration, social security and pensions62 | €54,059 | €134,936 | €229,541 | €165,651 | €201,267 | ▲ 21.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €11,071 | €40,819 | €50,040 | €47,063 | €27,176 | ▼ 42.3% |
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | - | - | €26,125 | -€26,125 | €40,000 | ▲ 253% |
| Other operating charges640/8 | €1,035 | €1,780 | €17,418 | €13,870 | €10,502 | ▼ 24.3% |
| Non-recurring operating charges66A | - | - | - | €26,790 | €25,187 | ▼ 6.0% |
| Gross operating margin9900 | €188,154 | €101,023 | -€269,233 | €85,145 | €29,017 | ▼ 65.9% |
| Operating profit (loss)9901 | €121,989 | -€76,512 | -€592,356 | -€142,103 | -€275,115 | ▼ 93.6% |
| Financial income75/76B | €99 | €20 | €1,542 | €2,798 | €2,793 | ▼ 0.2% |
| Recurring financial income75 | €99 | €20 | €1,542 | €2,798 | €2,793 | ▼ 0.2% |
| Financial charges65/66B | €5,543 | €5,192 | €12,988 | €4,397 | €3,502 | ▼ 20.4% |
| Recurring financial charges65 | €5,543 | €5,192 | €12,988 | €4,397 | €3,502 | ▼ 20.4% |
| Profit (loss) for the period before taxes9903 | €116,545 | -€81,683 | -€603,802 | -€143,702 | -€275,824 | ▼ 91.9% |
| Income taxes67/77 | €24,745 | €208 | €251 | €178 | €159 | ▼ 10.6% |
| Profit (loss) for the period9904 | €91,800 | -€81,892 | -€604,053 | -€143,881 | -€275,983 | ▼ 91.8% |
| Profit (loss) for the period to be appropriated9905 | €91,800 | -€81,892 | -€604,053 | -€143,881 | -€275,983 | ▼ 91.8% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €352,255 | €1.2m | €706,165 | €398,812 | €147,779 | ▼ 62.9% |
| Fixed assets21/28 | €115,164 | €127,072 | €78,067 | €57,097 | €34,738 | ▼ 39.2% |
| Intangible fixed assets21 | €52,314 | €57,727 | €33,395 | €32,655 | €24,251 | ▼ 25.7% |
| Tangible fixed assets22/27 | €37,632 | €42,527 | €42,854 | €22,624 | €8,668 | ▼ 61.7% |
| Furniture and vehicles24 | €37,632 | €42,527 | €42,854 | €22,624 | €8,668 | ▼ 61.7% |
| Financial fixed assets28 | €25,218 | €26,818 | €1,818 | €1,818 | €1,818 | = |
| Current assets29/58 | €237,091 | €1.1m | €628,098 | €341,715 | €113,041 | ▼ 66.9% |
| Amounts receivable within one year40/41 | €102,616 | €170,680 | €152,636 | €129,568 | €72,793 | ▼ 43.8% |
| Trade receivables40 | €80,955 | €139,110 | €127,715 | €98,464 | €22,376 | ▼ 77.3% |
| Other amounts receivable41 | €21,661 | €31,570 | €24,922 | €31,104 | €50,418 | ▲ 62.1% |
| Cash at bank and in hand54/58 | €120,038 | €912,593 | €473,004 | €212,052 | €39,163 | ▼ 81.5% |
| Deferred charges and accrued income490/1 | €14,437 | €28,009 | €2,459 | €94 | €1,085 | ▲ 1,049% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €352,255 | €1.2m | €706,165 | €398,812 | €147,779 | ▼ 62.9% |
| Equity10/15 | €77,964 | €1.0m | €411,159 | €264,485 | -€14,291 | ▼ 105% |
| Contributions10/11 | €6,300 | €1.0m | €1.0m | €1.0m | €1.0m | = |
| Outside capital11 | €6,300 | €1.0m | - | - | - | - |
| Other1109/19 | €6,300 | €1.0m | - | - | - | - |
| Reserves13 | €99 | €99 | €99 | €99 | €99 | = |
| Non-distributable reserves130/1 | €99 | €99 | €99 | €99 | €99 | = |
| Reserves not available under the articles1311 | €99 | €99 | €99 | €99 | €99 | = |
| Profit (loss) carried forward14 | €71,565 | -€10,327 | -€614,380 | -€758,261 | -€1.0m | ▼ 36.4% |
| Investment grants15 | - | - | €6,840 | €4,047 | €1,255 | ▼ 69.0% |
| Provisions and deferred taxes16 | - | - | €26,125 | - | €40,000 | - |
| Provisions for liabilities and charges160/5 | - | - | €26,125 | - | €40,000 | - |
| Other liabilities and charges164/5 | - | - | €26,125 | - | €40,000 | - |
| Amounts payable17/49 | €274,291 | €229,982 | €268,881 | €134,327 | €122,070 | ▼ 9.1% |
| Amounts payable after more than one year17 | €111,891 | €70,328 | €32,403 | €6,617 | - | - |
| Financial debts170/4 | €111,891 | €70,328 | €32,403 | €6,617 | - | - |
| Amounts payable within one year42/48 | €161,835 | €159,654 | €143,894 | €117,241 | €116,017 | ▼ 1.0% |
| Current portion of amounts payable after more than one year42 | €40,531 | €41,529 | €56,233 | €27,886 | €8,808 | ▼ 68.4% |
| Trade debts44 | €44,333 | €67,610 | €72,053 | €47,517 | €93,561 | ▲ 96.9% |
| Suppliers440/4 | €44,333 | €67,610 | €60,332 | €37,767 | €87,132 | ▲ 131% |
| Bills of exchange payable441 | - | - | €11,721 | €9,750 | €6,429 | ▼ 34.1% |
| Taxes, remuneration and social security45 | €55,498 | €50,515 | €15,040 | €41,838 | €13,648 | ▼ 67.4% |
| Taxes450/3 | €47,348 | €29,709 | €982 | €5,119 | €752 | ▼ 85.3% |
| Remuneration and social security454/9 | €8,150 | €20,806 | €14,058 | €36,720 | €12,896 | ▼ 64.9% |
| Other amounts payable47/48 | €21,473 | - | €568 | - | - | - |
| Accrued charges and deferred income492/3 | €565 | - | €92,585 | €10,468 | €6,053 | ▼ 42.2% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €91,800 | -€81,892 | -€604,053 | -€143,881 | -€275,983 | ▼ 91.8% |
| + Depreciation and write-downs630 | €11,071 | €40,819 | €50,040 | €47,063 | €27,176 | ▼ 42.3% |
| Operating cash flow (approximation) | €102,871 | -€41,072 | -€554,014 | -€96,818 | -€248,807 | ▼ 157% |
| Investment in fixed assets (approximation) | - | -€52,727 | -€1,035 | -€26,094 | -€4,817 | ▲ 81.5% |
| Change in cash | - | €792,555 | -€439,589 | -€260,951 | -€172,890 | ▲ 33.7% |
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
28-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
30-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
24-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Weakest financial yearnet -€604,053
Net result drops to -€604,053, the lowest in the series; recovery starts the following year.
30-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 30 days late
2022
31-12
Financial
Liquidity times 5current ratio 6.96
Current ratio from 1.47 to 6.96; short-term debt falls from €161,835 to €159,654.
31-12
Financial
Equity above €1mEq €1.0m ▲1,193%
Equity rises from €77,964 to €1.0m.
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
2021
31-12
Financial
Highest result since 2019net €91,800 ▲38%
Operating result €121,989, net result €91,800, both a record.
29-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Liquidity doublescurrent ratio 2.37
Current ratio from 1.07 to 2.37.
03-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 10 acts read
About the unread acts
We know of 10 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
10 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, Oudergem · 2 establishment units since 2019
Ground area
2,331 m²
Building footprint
1,386 m²
Volume, LiDAR
10,357 m³
2 parcels, Brussels, Wallonia · tallest building 14.9 m, ±4 floors. Linked by address, not a title deed.
76
companies at this address
See who is registered here
2 establishment units
AIRLABEL
since 20192.286.000.681
Emile Vanderveldeplein 11, 1000 Brussel
since 20222.345.515.131
2 parcels
Wallonia
1
(50%)
Brussels
1
(50%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25112B0115/00_000 | Wallonia | 2,124 m² | 1 · 1,179 m² | 9.2 m · 2 fl. |
| 21002A0170/00E004 | Brussels | 208 m² | 1 · 207 m² | 14.9 m · 4 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 24,516 companies in sector 82990 we hold annual accounts for 9,420. 6,670 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
Founded04-03-2019
Fiscal year end31-12
Activities, NACEBEL 2025
82990Other business support services
Contact
E-mail
admin@air-label.com
Phone
+32492469586
E-mail
maxime@air-label.comWavre
Phone
+32496023620Wavre
E-invoicing
Reachable via Peppol
Peppol ID
0208:0721823817
Also
9925:BE0721823817
Registered
11-12-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 30 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.