BelAir & Co
ActiveSummary
BelAir & Co has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €552k and a net result of €115k. Equity is growing by ~35.7% per year across the filed fiscal years. Its solvency ranks better than 39% of 391 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.2% (low).
Checked score
Score 2025
61
/ 100
Healthy
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability79▼-2
Solvency65▼-7
Growth78=
Track record100
Bankruptcy probability, 12 months
1.2%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €30k at 30 days acceptable
Liquidity ample (current ratio 1.67 against 2.42 in 2024; short-term debt: 39.3% and cash: 8.3% of total assets), but 59.6% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Four 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
40.4%
Return on assets
8.4%
Age of the figures
15 mo
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 18-01-2026, 13 days ahead of the deadline.
NBB · 5 filingsDeviation from the deadline
2025
13 d early
2024
38 d early
2023
70 d early
2022
50 d early
2021
56 d early
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
30-06-2026 close24-09-2026 today31-01-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€552k▲ 26.4%
2024 · €437k
2021: €59k
2022: €114k
2023: €348k
2024: €437k
2021 → 2025
Total assets
€1.37M▲ 45.7%
2024 · €937k
2021: €248k
2022: €281k
2023: €569k
2024: €937k
2021 → 2025
Net result
€115k▲ 30.6%
2024 · €88k
2021: €38k
2022: €54k
2023: €235k
2024: €88k
2021 → 2025
Working capital
€358k▲ 25.9%
2024 · €285k
2021: €103k
2022: €96k
2023: €325k
2024: €285k
2021 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€59k-€114k▲ 91.6%€348k▲ 206%€437k▲ 25.3%€552k▲ 26.4%
Operating result€52k-€79k▲ 53.0%€311k▲ 291%€138k▼ 55.7%€167k▲ 21.8%
Net result€38k-€54k▲ 41.5%€235k▲ 331%€88k▼ 62.4%€115k▲ 30.6%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 22% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.37M
Fixed assets
€471k ▲ 4.2%
Current assets
€894k ▲ 84.4%
Equity and liabilities €1.37M
Equity
€552k ▲ 26.4%
Debt
€813k ▲ 62.6%
Debt's share of the balance-sheet total rises from 53.4% to 59.6%. Equity and debt are higher.
Key figures and ratios
EBITDA
€192k▲
2024 · €166k
Cash flow
€140k▲
2024 · €117k
Current ratio
1.67▼
2024 · 2.42
Debt to equity
1.47▲
2024 · 1.15
ROE
20.9%▲
2024 · 20.2%
ROA
8.4%▼
2024 · 9.4%
Interest coverage
12.09▼
2024 · 15.80
Debt ≤ 1 year
€536k▲
2024 · €200k
Debt > 1 year
€277k▼
2024 · €300k
Income taxes
€36k▼
2024 · €40k
Staff costs
€36k▼
2024 · €40k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 53 lines
Balance sheet
Code20242025
Assets
Total assets20/58€937k€1.37M▲
Fixed assets21/28€452k€471k▲
Tangible fixed assets22/27€452k€465k▲
Land and buildings22€425k€414k▼
Plant, machinery and equipment23€164€2k▲
Furniture and vehicles24€22k€11k▼
Other tangible fixed assets26€5k€38k▲
Financial fixed assets28-€5k
Current assets29/58€485k€894k▲
Stocks and contracts in progress3€15k-
Stocks30/36€15k-
Amounts receivable within one year40/41€252k€781k▲
Trade receivables40€181k€657k▲
Other amounts receivable41€71k€124k▲
Cash at bank and in hand54/58€127k€113k▼
Deferred charges and accrued income490/1€92k-
Equity and liabilities
Total equity and liabilities10/49€937k€1.37M▲
Equity10/15€437k€552k▲
Contributions10/11€21k€21k=
Outside capital11-€21k
Other1109/19-€21k
Reserves13€252k€252k=
Non-distributable reserves130/1-€2k
Legal reserve130-€2k
Distributable reserves133€252k€250k▼
Profit (loss) carried forward14€164k€279k▲
Amounts payable17/49€500k€813k▲
Amounts payable after more than one year17€300k€277k▼
Financial debts170/4€300k€277k▼
Amounts payable within one year42/48€200k€536k▲
Current portion of amounts payable after more than one year42€31k€23k▼
Financial debts43-€8k
Credit institutions430/8-€8k
Trade debts44€134k€428k▲
Suppliers440/4€134k€428k▲
Taxes, remuneration and social security45€36k€76k▲
Taxes450/3€10k€46k▲
Remuneration and social security454/9€26k€30k▲
Income statement
Code20242025
Remuneration, social security and pensions62€40k€36k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€28k€25k▼
Other operating charges640/8€682€2k▲
Gross operating margin9900€207k€229k▲
Operating profit (loss)9901€138k€167k▲
Financial income75/76B€1k€4▼
Recurring financial income75€1k€4▼
Financial charges65/66B€10k€16k▲
Recurring financial charges65€10k€16k▲
Profit (loss) for the period before taxes9903€128k€152k▲
Income taxes67/77€40k€36k▼
Profit (loss) for the period9904€88k€115k▲
Profit (loss) for the period to be appropriated9905€88k€115k▲
Appropriation of the result
Profit (loss) to be appropriated9906€164k€279k▲
Profit (loss) brought forward from the previous period14P€75k€164k▲
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
18-01
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
30-06
Financial
Equity above €500kEq €552k ▲26.4%
5 profitable years in a row build equity to €552k.
2024
24-12
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2023
22-11
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
30-06
Financial
Highest result since 2021net €235k ▲331%
Operating result €311k, net result €235k, both a record.
30-06
Financial
Equity above €200kEq €348k ▲206%
3 profitable years in a row build equity to €348k.
2022
12-12
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
30-06
Financial
Equity above €100kEq €114k ▲91.6%
2 profitable years in a row build equity to €114k.
2021
06-12
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 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, Waterloo · 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.
Avenue des Eglantines 91410 WaterlooGround area
2,161 m²
Building footprint
292 m²
Volume, LiDAR
1,530 m³
Parcel 25763L0727/00D000, Wallonia · tallest building 9.4 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
BelAir & Co
since 20192.298.622.064
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25763L0727/00D000 | Wallonia | 2,161 m² | 1 · 291 m² | 9.4 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.
Similar companies · same sector, comparable size
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INCOTECH
BE 0460.694.174
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JOKRI
BE 0464.310.591
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Of 462 companies in sector 28250 we hold annual accounts for 285. 222 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded31-12-2019
Fiscal year end30-06
Activities, NACEBEL 2025
28250Manufacture of machinery and equipment not elsewhere classified
43222Installation of electric heating, air conditioning, cooling and ventilation
71121Engineering and related technical consultancy, excluding land surveyors
Sources
Crossroads Bank for EnterprisesNational Bank · 5 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.