Financials
- Fiscal year
- 2025
- Total assets
- €760,218
- Profit
- €17,975
- Solvency
- 24.5%
Total assets▼ 26.5%
Net result
20182025
AIRX
ActiveSummary
The computed 12-month bankruptcy probability of AIRX is 4.0% (moderate). The 2025 annual accounts show equity of €185,906 and a net result of €17,975. Equity is growing by ~40.2% per year across the filed fiscal years. Its solvency ranks better than 25% of 8593 sector peers (fiscal year 2025). The company has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals.
Overview
Activity
Installation of electric heating, air conditioning, cooling and ventilation
NACE 43222Engineering and related technical consultancy, excluding land surveyors NACE 71121
1 site
Size
€760,218total assets 2025
- Staff
- 6 FTE
- Equity
- €185,906
- Profit
- €17,975
Turnover not published (abridged schema)
Structure
Accounts 39 d early0 of 6 deeds read
Why 48- 2 changes of registered office in 24 months- Liquidity: current ratio 1.25, cash €29,137, halved- Sector Specialised construction activities (NACE 43)+ Figures for FY 2025 (filed 22-06-2026)Show the evidence
Checked score
Score 2025
48
/ 100
Fair
Probability in this band: 1.5% to 4.2%
Better than 29% of its sector peers (NACE 43, micro)
Performance against the sector, not lower risk
Financial strength · tick = 2024
Weak
Solvency
49+8
equity 24.5% of total assets
Liquidity
20-30
short-term debt 65.2% · cash 3.8%
Profitability
48+9
return on assets 2.4%
Bankruptcy probability, 12 months
4.0%
Moderate
0%0.5%1.5%4%10%≥ 25%
About 4 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 15 months
08-2025: 2.9%
09-2025: 2.9%● 0.0% vs 08-2025
10-2025: 2.9%● 0.0% vs 09-2025
11-2025: 2.9%● 0.0% vs 10-2025
12-2025: 2.9%● 0.0% vs 11-2025
01-2026: 2.8%▼ -0.6% vs 12-2025lowest value
02-2026: 2.8%● 0.0% vs 01-2026lowest value
03-2026: 2.8%● 0.0% vs 02-2026lowest value
04-2026: 3.1%▲ +8.5% vs 03-2026
05-2026: 3.2%▲ +2.3% vs 04-2026
06-2026: 3.1%▼ -3.4% vs 05-2026
07-2026: 4.1%▲ +33.8% vs 06-2026highest value
08-2026: 4.0%▼ -2.8% vs 07-2026
09-2026: 4.0%● 0.0% vs 08-2026
10-2026: 4.0%● 0.0% vs 09-2026
- 2 changes of registered office in 24 months raises the probability
- Liquidity: current ratio 1.25, cash €29,137, halved raises the probability
- Figures for FY 2025 (filed 22-06-2026) lowers the probability
- Sector Specialised construction activities (NACE 43) raises the probability
Credit up to €8,000 at 30 days acceptable
Liquidity tight (current ratio 1.25 against 1.37 in 2024; short-term debt: 65.2% and cash: 3.8% of total assets), and 75.5% 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, micro). Better than this share of them on solvency 26%, liquidity 11%, profitability 23%, growth against the median 56%. That is performance, not lower risk; the band itself always comes from the probability.
Bankruptcy probability: model pd-v3.202610021621, 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
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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 22-06-2026, 39 days ahead of the deadline.
NBB · 9 filingsDeviation from the deadline
2025
39 d early
2024
29 d early
2023
36 d early
2022
13 d early
2021
5 d late
2020
2 d late
2019
18 d 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 13 days before 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 (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 2 July (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
02-10-2026 today31-12-2026 close31-07-2027 deadline
- Annual accounts filedfiscal year 2025 · abbreviated…
- Annual accounts filedfiscal year 2024 · abbreviated…
- Annual accounts filedfiscal year 2023 · abbreviated…
Key points
By topic
Timeline
- Events
- 12
- Since
- 2018
- Next accounts
- by 31-07-2027
- 22-06-2026Annual accounts filed
- 02-07-2025Annual accounts filed
- 25-06-2024Annual accounts filed
Company details
- Sites
- 1
- Legal form
- Private limited company
- Activity
- Installation of electric heating, air conditioning, cooling and…NACE 43222
- Founded
- 20-02-2017
- Year ends
- 31-12
- Peppol
- Reachable for e-invoices
Go further with this company
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