BALTAIR
ActiveBALTAIR has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €332k and a net result of €11k. Equity remains stable across the filed fiscal years (±1.8% per year). Its solvency ranks better than 27% of 33 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2025
42
/ 100
Weak
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability38▼-2
Solvency36▼-6
Growth78=
Track record100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €13k at 30 days only on tighter terms
Liquidity tight (current ratio 1.1 against 1.17 in 2024; short-term debt: 88.5% and cash: 4.1% of total assets), and 88.5% of the assets are financed with debt.
Credit advice for your own amount and term
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
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
11.5%
Return on assets
0.4%
Age of the figures
9 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 51
Relative position
BE, all sectors
reference
Sector 51
higher
← fewer bankruptcies
more bankruptcies →
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 20-05-2026, 72 days ahead of the deadline.
NBB · 7 filingsDeviation from the deadline
2025
72 d early
2024
72 d early
2023
69 d early
2022
68 d early
2021
68 d early
2020
72 d early
2019
72 d early
← 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
17-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€332k▲ 3.4%
2024 · €321k
2019: €295k
2020: €303k
2021: €304k
2022: €302k
2023: €304k
2024: €321k
2019 → 2025
Total assets
€2.90M▲ 56.7%
2024 · €1.85M
2019: €1.44M
2020: €1.53M
2021: €1.52M
2022: €2.18M
2023: €2.11M
2024: €1.85M
2019 → 2025
Net result
€11k▼ 37.2%
2024 · €17k
2019: €-5k
2020: €8k
2021: €852
2022: €-2k
2023: €2k
2024: €17k
2019 → 2025
Working capital
€267k▲ 4.2%
2024 · €256k
2019: €230k
2020: €238k
2021: €239k
2022: €237k
2023: €239k
2024: €256k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€304k-€302k▼ 0.6%€304k▲ 0.8%€321k▲ 5.7%€332k▲ 3.4%
Operating result€2k-€4k▲ 85.3%€4k▲ 14.6%€6k▲ 42.0%€5k▼ 15.0%
Net result€852-€-2k€2k€17k▲ 641%€11k▼ 37.2%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 15% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €2.90M
Fixed assets
€65k=
Current assets
€2.83M▲ 58.8%
Equity and liabilities €2.90M
Equity
€332k▲ 3.4%
Debt
€2.57M▲ 67.9%
The debt ratio rises from 82.6% to 88.5%. Equity and debt are higher.
Key figures and ratios
Solvency
11.5%▼
2024 · 17.4%
Current ratio
1.10▼
2024 · 1.17
Quick ratio
1.10▼
2024 · 1.17
Debt / equity
7.72▲
2024 · 4.75
ROE
3.3%▼
2024 · 5.4%
ROA
0.4%▼
2024 · 0.9%
Debt
€2.57M▲
2024 · €1.53M
Debt ≤ 1 year
€2.57M▲
2024 · €1.53M
Income taxes
€943▼
2024 · €957
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€1.85M€2.90M▲
Fixed assets21/28€65k€65k=
Financial fixed assets28€65k€65k=
Current assets29/58€1.78M€2.83M▲
Amounts receivable within one year40/41€1.70M€913k▼
Trade receivables40€1.65M€871k▼
Other amounts receivable41€50k€42k▼
Current investments50/53-€1.75M
Cash at bank and in hand54/58€32k€120k▲
Deferred charges and accrued income490/1€49k€50k▲
Equity and liabilities
Total equity and liabilities10/49€1.85M€2.90M▲
Equity10/15€321k€332k▲
Contributions10/11€300k€300k=
Capital10€300k€300k=
Issued capital100€300k€300k=
Reserves13€1k€2k▲
Non-distributable reserves130/1€1k€2k▲
Legal reserve130€1k€2k▲
Profit (loss) carried forward14€20k€30k▲
Amounts payable17/49€1.53M€2.57M▲
Amounts payable within one year42/48€1.53M€2.57M▲
Trade debts44€1.53M€2.56M▲
Suppliers440/4€1.53M€2.56M▲
Taxes, remuneration and social security45€2k€2k▼
Taxes450/3€2k€2k▼
Income statement
Code20242025
Other operating charges640/8€1k€1k▲
Gross operating margin9900€7k€6k▼
Operating profit (loss)9901€6k€5k▼
Financial income75/76B€13k€7k▼
Recurring financial income75€13k€7k▼
Financial charges65/66B€253€422▲
Recurring financial charges65€253€422▲
Profit (loss) for the period before taxes9903€18k€12k▼
Income taxes67/77€957€943▼
Profit (loss) for the period9904€17k€11k▼
Profit (loss) for the period to be appropriated9905€17k€11k▼
Appropriation of the result
Profit (loss) to be appropriated9906€21k€31k▲
Profit (loss) brought forward from the previous period14P€4k€20k▲
Transfer to equity691/2€866€544▼
To the legal reserve6920€866€544▼
The notes to these accounts (1 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
20-05
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
20-05
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Highest result since 2019net €17k ▲641%
Net result €17k, the highest in the series.
23-05
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Back to profitnet €2k
Net result €2k after one loss-making year.
24-05
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
24-05
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
20-05
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Back to profitnet €8k
Net result €8k after one loss-making year.
20-05
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
6 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, Gent · 1 establishment unit since 2019
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.
Pauline Van Pottelsberghelaan 109051 GentGround area
1,561 m²
Building footprint
345 m²
Parcel 44062A0110/00K000, Flanders. Linked by address, not a title deed.
1 establishment unit
BALTAIR
since 20192.287.212.389
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44062A0110/00K000 | Flanders | 1,561 m² | 1 · 345 m² | 0.0 m |
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.
Similar companies · same sector, comparable size
CHICANE.BE
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TORAN
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AEROCONSULT
BE 0864.509.530
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Thourist
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Wing Things
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Of 453 companies in sector 51100 we hold annual accounts for 170. 105 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded28-03-2019
Fiscal year end31-12
Activities, NACEBEL
51100Air transport
51210Air transport
Sources
Crossroads Bank for EnterprisesNational Bank · 7 filingsAddress and cadastre registers
Data from official sources, last processed on 17-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
2 entriesE-mail:patrick.verbrugge@baltisse.com
Phone:092857836