BALTAIR
ActiveSummary
BALTAIR has been active since 2019 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €332,317 and a net result of €10,880. Equity has been stable since 2019 (±1.8% per year). Its solvency ranks better than 26% of 39 sector peers (NACE 51, financial year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Overview
Official details
Source: KBO- Status
- Active since 28-03-2019 Normal situation
- Registered office
- 61 active companies are registered at this address 9 started in the 12 months before. Source: KBO register, as of 2 November 2026.
- Activity
- Air transport NACE 51100and 1 other
- Establishment unit
- 2.287.212.389 9051 Gent, since 02-04-2019
- Financial year end
- 31 December
- Peppol
- Reachable since 09-03-2026
Board and ownership
- Filiep BalcaenChair
- Heidi De GreveManaging director
- Patrick VerbruggeDirector · since 26-04-2024
- Auditor
- BV Finvision Bedrijfsrevisoren
- BALTISSE99.67%2025 annual accounts of BALTISSE
Financial position
- Bankruptcy probabilitywithin 12 months
- 0.1%
- Gross margin
- €6,029
- ▼ 12.0%
- Turnover
- ≈ €41,000
- estimated
- Profit
- €10,880
- ▼ 37.2%
- Equity
- €332,317
- ▲ 3.4%
- Total assets
- €2.9m
- ▲ 56.7%
Score breakdownraises riskEquity €332,317 (11.5% of total assets)Founded in 2019lowers riskSize: total assets €2.9mFigures for financial year 2025 (filed on 20-05-2026)Show the evidence
Checked score
About 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Calculation
The band follows from the bankruptcy probability. 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 (all companies). It does better than 20% of them on solvency, 6% on liquidity, 28% on profitability and 53% on growth.
The bankruptcy probability was computed on 02-11-2026 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. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
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Signals
The company filed its last 7 accounts on average 70 days before the deadline. In the sector (NACE 51), the median for financial year 2024 was 10 days before the deadline, and 35% of those companies filed late.
Searched, nothing found (2)
Key points
Recent changes
- · Gazette deed Reappointment: Finvision Bedrijfsrevisoren BV (statutory auditor)
- · Gazette deed Reappointments: Filiep Balcaen (chair of the board) and Patrick Verbrugge (bestuurder van de vennootschap)
- · Gazette deed Resignation: Dirk Decaluwé (director)Appointment: Heidi De Greve (director)
Comparable companies
These companies have the same main activity as BALTAIR: air transport (NACE 51100). They are comparable in size and age: total assets between €783,000 and €5.2m, founded between 2010 and 2021.
| Company | Total assets | Gross margin |
|---|---|---|
| BALTAIR Gent | €2.9m | €0.006m |
| EOLE Services Waterloo | €1.2m | €0.003m |
| DUREVAL CORP Ukkel | €5.2m | -€0.2m |
| ILPAM Sint-Martens-Latem | €1.1m | €0.01m |
| EMT Spiere-Helkijn | €2.4m | €0.05m |
| HELIMO Kontich | €1.1m | -€0.02m |
| FLYEUROP Liège | €0.8m | -€0.04m |
Key facts about BALTAIR
- What is the company number of BALTAIR?
- The company number of BALTAIR is 0723.772.626. The VAT number is the same number with BE in front: BE 0723.772.626.
- Where is BALTAIR based?
- The registered office is at Pauline Van Pottelsberghelaan 10, 9051 Gent.Company details
- What does BALTAIR do?
- According to the KBO register, the main activity is air transport (NACE 51100).
- What is the legal form of BALTAIR?
- The legal form of BALTAIR is Public limited company (NV).
- When was BALTAIR founded?
- BALTAIR was founded on 28-03-2019.
- Is BALTAIR still active?
- Yes, BALTAIR is an active enterprise in the KBO register.
- What is the turnover of BALTAIR?
- The turnover in financial year 2025 is ≈ €41,000. This figure is estimated from the gross margin of €6,029 and 2,698 comparable companies of the same size. It probably lies between €17,000 and €100,000. It is a rough estimate.Financials
- Is BALTAIR profitable?
- In financial year 2025, BALTAIR made a profit of €10,880.
- Where can I find the annual accounts of BALTAIR?
- BALTAIR filed 7 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of BALTAIR due?
- BALTAIR must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
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