AIRTEM
ActiveThe computed 12-month bankruptcy probability of AIRTEM is 7.2% (elevated). The 2024 annual accounts show equity of €40k and a net result of €45k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 54% of 18942 sector peers (fiscal year 2024). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
59
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability100=
Solvency59▲+59
Growth78▲+20
Track record94
Bankruptcy probability, 12 months
7.2%
Elevated
0%0.5%1.5%4%10%≥ 25%
Credit up to €2k at 30 days only on tighter terms
Liquidity tight (current ratio 1.31 against 0.64 in 2023; short-term debt: 66.1% and cash: 75.4% of total assets), and 66.1% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
+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 56
Relative position
BE, all sectors
reference
Sector 56
higher
← fewer bankruptcies
more bankruptcies →
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 2024Solvency, return and age of the figures
Solvency
33.9%
Return on assets
38.2%
Age of the figures
21 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 10-09-2025, 41 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 · 4 filingsDeviation from the deadline
2025
not confirmed
2024
41 d late
2023
43 d late
2022
345 d late
2021
87 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Equity
€40k
2023 · €-5k
2021: €1k
2022: €-24k
2023: €-5k
2021 → 2024
Total assets
€119k▲ 1,211%
2023 · €9k
2021: €1k
2022: €2k
2023: €9k
2021 → 2024
Net result
€45k▲ 133%
2023 · €19k
2021: €-4k
2022: €-26k
2023: €19k
2021 → 2024
Working capital
€24k
2023 · €-5k
2021: €1k
2022: €-24k
2023: €-5k
2021 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2021202220232024Trend
Equity€1k-€-24k€-5k▲ 79.4%€40k
Operating result€-4k-€-26k▼ 505%€20k€56k▲ 188%
Net result€-4k-€-26k▼ 501%€19k€45k▲ 133%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed two years in a row; 2024 is 188% above 2023 and is the highest result in the available series.
Balance-sheet composition
Assets €119k
Fixed assets
€16k
Current assets
€102k
Equity and liabilities €119k
Equity
€40k
Debt
€78k
Debt finances 66.1% of the balance-sheet total.
Key figures and ratios
EBITDA
€58k
Cash flow
€47k
Solvency
33.9%▲
2023 · -55.5%
Current ratio
1.31▲
2023 · 0.64
Quick ratio
1.31▲
2023 · 0.64
Debt / equity
1.95▲
2023 · -2.80
ROE
112.5%
ROA
38.2%▼
2023 · 214.4%
Interest coverage
386.55
Debt
€78k▲
2023 · €14k
Debt ≤ 1 year
€78k▲
2023 · €14k
Income taxes
€11k
Staff costs
€46k▲
2023 · €2k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€9k€119k▲
Fixed assets21/28-€16k
Tangible fixed assets22/27-€16k
Other tangible fixed assets26-€16k
Current assets29/58€9k€102k▲
Amounts receivable within one year40/41€1k€11k▲
Trade receivables40€740€6k▲
Other amounts receivable41€755€5k▲
Cash at bank and in hand54/58€8k€89k▲
Deferred charges and accrued income490/1-€2k
Equity and liabilities
Total equity and liabilities10/49€9k€119k▲
Equity10/15€-5k€40k▲
Contributions10/11€6k€6k=
Profit (loss) carried forward14€-11k€35k▲
Amounts payable17/49€14k€78k▲
Amounts payable within one year42/48€14k€78k▲
Trade debts44€451€35k▲
Suppliers440/4€451€35k▲
Taxes, remuneration and social security45€3k€44k▲
Taxes450/3-€18k
Remuneration and social security454/9€3k€26k▲
Other amounts payable47/48€11k-
Income statement
Code20232024
Remuneration, social security and pensions62€2k€46k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630-€1k
Other operating charges640/8-€2k
Gross operating margin9900€22k€106k▲
Operating profit (loss)9901€20k€56k▲
Financial charges65/66B€142€149▲
Recurring financial charges65€142€149▲
Profit (loss) for the period before taxes9903€19k€56k▲
Income taxes67/77-€11k
Profit (loss) for the period9904€19k€45k▲
Profit (loss) for the period to be appropriated9905€19k€45k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-11k€35k▲
Profit (loss) brought forward from the previous period14P€-30k€-11k▲
The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2026
24-08
State Gazette act
Capital & shares · Resignations & appointmentsGeneral meeting · Director resignation · Share transfer4 facts ▸
State Gazette act
Capital & shares · Resignations & appointments
General meeting · Director resignation · Share transfer4 facts ▸
- General meeting, 2026-07-31
- Director resignation, ELABBASSI Hicham (administrateur)
- Share transfer, ELABBASSI Hicham → NABIH Khalid
- Director appointment, NABIH Khalid (administrateur)
2025
10-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 41 days late
2024
31-12
Financial
Highest result since 2021net €45k ▲133%
Operating result €56k, net result €45k, both a record.
31-12
Financial
Liquidity doublescurrent ratio 1.31
Current ratio from 0.64 to 1.31.
12-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 43 days late
10-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 345 days late
2023
31-12
Financial
Back to profitnet €19k
Net result €19k after 2 loss-making years.
2022
31-12
Financial
Weakest financial yearnet €-26k
Net result drops to €-26k, the lowest in the series; recovery starts the following year.
26-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 87 days late
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
4 directors, no change since 2026
NABIH Khalid
CurrentDirector · since 31-07-2026
31-07-2026
NABIH Khalid: Appointed as Director
31-07-2026
ELABBASSI Hicham: Resigned as Director
28-07-2021
ERRAHLI Jawad: Resigned as Managing director
28-07-2021
TOUAMI Hamid: Resigned as Director
Location & real-estate footprint
Registered office, Elsene · 1 establishment unit since 2021
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.
Elsense Steenweg 2701050 ElseneGround area
94 m²
Building footprint
111 m²
Volume, LiDAR
1,067 m³
Parcel 21442A0143/00N009, Brussels · tallest building 16.7 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
AIRTEM
since 20212.334.241.553
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21442A0143/00N009 | Brussels | 94 m² | 1 · 110 m² | 16.7 m · 3 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Structure & network
Capital and shareholders
Transfer of totalité des parts sociales from ELABBASSI Hicham to NABIH Khalid
Recognitions · licences · registrations
Food safety, FASFC
1 siteElsene2.334.241.553
Similar companies · same sector, comparable size
SEVKOK
BE 0801.477.445
Brussel · Eq €40k
SANSAS TEAM
BE 0500.870.683
Saint-Nicolas · Eq €40k
LIMOR GROUP
BE 0730.888.268
Sint-Joost-ten-Node · Eq €40k
F.FILIZOLA
BE 0821.982.750
Braine-le-Château · Eq €40k
Panaché
BE 0821.704.123
Merelbeke-Melle · Eq €40k
Of 21,896 companies in sector 56112 we hold annual accounts for 9,785. 8,463 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded20-07-2021
Fiscal year end31-12
Activities, NACEBEL
56102Limited-service restaurants
56112Limited-service restaurants, excluding mobile food services
Sources
Crossroads Bank for EnterprisesNational Bank · 4 filingsAddress and cadastre registers
Data from official sources, last processed on 21-09-2026. Scores and ratios are computed by Checked and are not a credit decision.