BALLOONAIR
ActiveBALLOONAIR has been active since 1988 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €17k and a net result of €-7k. Equity is growing by ~2.6% per year across the filed fiscal years. Its solvency ranks better than 24% of 6956 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability0=
Solvency27▼-40
Growth32▼-20
Stability100
Bankruptcy probability, 12 months
0.5%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €500 at 30 days only on tighter terms
Liquidity tight (current ratio 1.13 against 1.3 in 2024), and 80.3% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Eight signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
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
19.7%
Return on assets
-8.8%
Age of the figures
8 mo
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity fell accordingly. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year -€7k
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 24% of 6956 sector peers (2025).
NBB · sector comparisonPosition among 6956 sector peers
Solvency
better than 24%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 28-08-2026, 28 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 filingsDeviation from the deadline
2025
28 d late
2024
28 d late
2023
29 d late
2022
31 d late
2021
28 d late
2020
30 d late
2019
61 d late
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
12-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€17k▼ 30.8%
2024 · €24k
2018: €21k
2019: €19k
2020: €22k
2021: €25k
2022: €35k
2023: €32k
2024: €24k
2018 → 2025
Total assets
€84k▲ 35.9%
2024 · €62k
2018: €39k
2019: €108k
2020: €112k
2021: €97k
2022: €90k
2023: €82k
2024: €62k
2018 → 2025
Net result
€-7k▲ 6.5%
2024 · €-8k
2018: €4k
2019: €-2k
2020: €4k
2021: €2k
2022: €10k
2023: €-3k
2024: €-8k
2018 → 2025
Working capital
€8k▼ 24.4%
2024 · €11k
2018: €14k
2019: €-37k
2020: €-21k
2021: €-8k
2022: €-3k
2023: €11k
2024: €11k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€25k-€35k▲ 40.1%€32k▼ 8.1%€24k▼ 24.8%€17k▼ 30.8%
Operating result€4k-€14k▲ 230%€-2k€-8k▼ 286%€-7k▲ 5.6%
Net result€2k-€10k▲ 315%€-3k€-8k▼ 182%€-7k▲ 6.5%
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 €7k in 2025 against €8k in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €84k
Fixed assets
€8k▼ 36.5%
Current assets
€76k▲ 54.7%
Equity and liabilities €84k
Equity
€17k▼ 30.8%
Debt
€67k▲ 78.2%
The debt ratio rises from 61.2% to 80.3%: debt grows while equity shrinks.
Key figures and ratios
EBITDA
€-3k▼
2024 · €1k
Cash flow
€-3k▼
2024 · €1k
Solvency
19.7%▼
2024 · 38.8%
Current ratio
1.13▼
2024 · 1.30
Quick ratio
0.58▼
2024 · 1.11
Debt / equity
4.07▲
2024 · 1.58
ROE
-44.5%▼
2024 · -33.0%
ROA
-8.8%▲
2024 · -12.8%
Interest coverage
-14.49▼
2024 · 4.85
Debt
€67k▲
2024 · €38k
Debt ≤ 1 year
€67k▲
2024 · €38k
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 · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€62k€84k▲
Fixed assets21/28€13k€8k▼
Tangible fixed assets22/27€13k€8k▼
Plant, machinery and equipment23-€0
Furniture and vehicles24€5k€1k▼
Other tangible fixed assets26€8k€7k▼
Financial fixed assets28€65€65=
Current assets29/58€49k€76k▲
Amounts receivable after more than one year29€13k€13k=
Other amounts receivable291€13k€13k=
Stocks and contracts in progress3€7k€37k▲
Stocks30/36€7k€37k▲
Amounts receivable within one year40/41€12k€14k▲
Trade receivables40€11k€11k=
Other amounts receivable41€506€3k▲
Cash at bank and in hand54/58€17k€11k▼
Deferred charges and accrued income490/1€1k€1k▲
Equity and liabilities
Total equity and liabilities10/49€62k€84k▲
Equity10/15€24k€17k▼
Contributions10/11€19k€19k=
Reserves13€2k€2k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Profit (loss) carried forward14€4k€-4k▼
Amounts payable17/49€38k€67k▲
Amounts payable within one year42/48€38k€67k▲
Current portion of amounts payable after more than one year42€581-
Trade debts44€3k€272▼
Suppliers440/4€3k€272▼
Other amounts payable47/48€34k€67k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€9k€5k▼
Other operating charges640/8€750€126▼
Gross operating margin9900€2k€-2k▼
Operating profit (loss)9901€-8k€-7k▲
Financial income75/76B€0€1▲
Recurring financial income75€0€1▲
Financial charges65/66B€263€176▼
Recurring financial charges65€263€176▼
Profit (loss) for the period before taxes9903€-8k€-7k▲
Profit (loss) for the period9904€-8k€-7k▲
Profit (loss) for the period to be appropriated9905€-8k€-7k▲
Appropriation of the result
Profit (loss) to be appropriated9906€4k€-4k▼
Profit (loss) brought forward from the previous period14P€12k€4k▼
The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
28-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 28 days late
2025
28-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 28 days late
2024
31-12
Financial
Weakest financial yearnet €-8k
Net result drops to €-8k, the lowest in the series; recovery starts the following year.
29-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 29 days late
2023
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 31 days late
2022
31-12
Financial
Highest result since 2018net €10k ▲315%
Operating result €14k, net result €10k, both a record.
28-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 28 days late
2021
30-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 30 days late
2020
31-12
Financial
Back to profitnet €4k
Net result €4k after one loss-making year.
30-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 61 days late
2019
29-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 29 days late
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 31 days late
2017
18-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 18 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
Location & real-estate footprint
Registered office, Grez-Doiceau · 1 establishment unit since 1988
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.
Rue de Royenne 681390 Grez-DoiceauGround area
2,219 m²
Building footprint
178 m²
Volume, LiDAR
1,026 m³
Parcel 25037B0486/00S000, Wallonia · tallest building 13.0 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
BALLOONAIR SA
since 19882.036.445.417
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25037B0486/00S000 | Wallonia | 2,218 m² | 1 · 178 m² | 13.0 m · 2 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.
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Of 9,805 companies in sector 73110 we hold annual accounts for 3,723. 2,440 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded21-03-1988
Fiscal year end31-12
Activities, NACEBEL
73110Advertising agencies
74401
46711Wholesale of cars and light vans (up to 3.5 tonnes)
95311General maintenance and repair of cars and light vans (up to 3.5 tonnes)
50101
50200
Sources
Crossroads Bank for EnterprisesNational Bank · 37 filingsAddress and cadastre registers
Data from official sources, last processed on 12-09-2026. Scores and ratios are computed by Checked and are not a credit decision.