Financials
- Fiscal year
- 2025
- Total assets
- €97,111
- Profit
- €44,068
- Solvency
- -12.8%
BEL - AIR
ActiveSummary
BEL - AIR has been active since 1996 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€12,390) and a net result of €44,068. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 12% of 5584 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.7% (low).
Overview
Activity
Non-scheduled passenger transport by road
NACE 49320Land transport and transport via pipelines NACE 49390NACE 60230
#6 oldest company in Zemst, Transport and storage sector1 site
Size
€97,111total assets 2025
- Equity
- -€12,390
- Profit
- €44,068
Turnover not published (abridged schema)
Structure
Accounts filed 2 d late0 of 1 deed read
Why 56Capped at 59: negative equity- Negative equity -€12,390- Sector Land transport and transport via pipelines (NACE 49)+ Size: total assets €97,111+ Founded in 1996Show the evidence
Checked score
Score 2025
56
/ 100
Fair
Probability in this band: 1.5% to 4.2%
Better than 53% of its sector peers (NACE 49, micro)
Performance against the sector, not lower risk
Negative equity caps the score at 59. Every signal that weighs is under Signals.
Financial strength · tick = 2024
Average
Solvency
12+12
equity -12.8% of total assets
Liquidity
25-4
short-term debt 79.8% · cash 14.7%
Profitability
100=
return on assets 45.4%
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
About 7 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
11-2024: 2.9%
12-2024: 2.9%● 0.0% vs 11-2024
01-2025: 3.0%▲ +4.2% vs 12-2024highest value
02-2025: 0.8%▼ -74.9% vs 01-2025
03-2025: 0.8%● 0.0% vs 02-2025
04-2025: 0.8%● 0.0% vs 03-2025
05-2025: 0.8%▲ +2.6% vs 04-2025
06-2025: 0.8%● 0.0% vs 05-2025
07-2025: 0.8%▼ -1.0% vs 06-2025
08-2025: 0.8%● 0.0% vs 07-2025
09-2025: 0.8%▼ -2.5% vs 08-2025
10-2025: 0.8%▲ +3.1% vs 09-2025
11-2025: 0.8%▼ -2.1% vs 10-2025
12-2025: 0.7%▼ -3.0% vs 11-2025
01-2026: 0.9%▲ +21.0% vs 12-2025
02-2026: 1.3%▲ +40.8% vs 01-2026
03-2026: 0.7%▼ -43.4% vs 02-2026
04-2026: 0.7%● 0.0% vs 03-2026
05-2026: 0.7%▼ -2.1% vs 04-2026
06-2026: 0.7%● 0.0% vs 05-2026
07-2026: 0.7%▼ -1.0% vs 06-2026
08-2026: 0.7%▼ -2.2% vs 07-2026lowest value
09-2026: 0.7%● 0.0% vs 08-2026lowest value
10-2026: 0.7%▲ +5.0% vs 09-2026
- Size: total assets €97,111 lowers the probability for this profile
- Negative equity -€12,390 raises the probability
- Sector Land transport and transport via pipelines (NACE 49) raises the probability
- Founded in 1996 lowers the probability for this profile
No credit on open account
Liquidity short (current ratio 0.89 against 0.7 in 2024; short-term debt: 79.8% and cash: 14.7% of total assets), and equity is negative.
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 49, micro). Better than this share of them on solvency 11%, liquidity 21%, profitability 94%, growth against the median 87%. That is performance, not lower risk; the band itself always comes from the probability.
Bankruptcy probability: model pd-v3.202610021621, computed on 03-10-2026. 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
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 12% of 5584 sector peers (2025).
NBB · sector comparisonPosition among 5584 sector peers
Solvency
better than 12%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 02-02-2026, 2 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
2 d late
2024
1 d early
2022
28 d late
2021
on the day
2020
2 d early
2019
60 d late
2018
5 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 after the deadline; the sector median for financial year 2024 is on the deadline day, and 49% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today. Usually files around 31 January (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
30-06-2026 close04-10-2026 today31-01-2027 deadline
- Annual accounts filedfiscal year 2025 · micro…
- Highest result since 2019net €44,068 ▲38.7%
- Annual accounts filedfiscal year 2024 · micro…
Key points
By topic
Timeline
- Events
- 13
- Since
- 2016
- Next accounts
- by 31-01-2027
- 02-02-2026Annual accounts filed
- 30-06-2025Highest result since 2019
- 30-01-2025Annual accounts filed
Company details
- Sites
- 1
- Legal form
- Private limited company
- Activity
- Non-scheduled passenger transport by roadNACE 49320
- Founded
- 16-08-1996
- Year ends
- 30-06
- Peppol
- Reachable for e-invoices
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