Black Wings
ActiveThe computed 12-month bankruptcy probability of Black Wings is 3.0% (moderate). The 2025 annual accounts show equity of €2k and a net result of €2k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 20% of 4478 sector peers (fiscal year 2025). The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability100▲+85
Solvency5▼-22
Growth32▼-20
Stability100
Bankruptcy probability, 12 months
3.0%
Moderate
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.29 against 0.66 in 2024), and 93.1% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 49
Relative position
BE, all sectors
reference
Sector 49
higher
← fewer bankruptcies
more bankruptcies →
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
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 20% of 4478 sector peers (2025).
NBB · sector comparisonPosition among 4478 sector peers
Solvency
better than 20%
← weakest
strongest →
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 26-02-2026, 155 days ahead of the deadline.
NBB · 5 filingsDeviation from the deadline
2025
155 d early
2024
36 d early
2023
41 d early
2022
57 d early
2021
62 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
15-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€2k▼ 85.5%
2024 · €14k
2021: €5k
2022: €35k
2023: €47k
2024: €14k
2021 → 2025
Total assets
€29k▼ 49.7%
2024 · €58k
2021: €32k
2022: €51k
2023: €57k
2024: €58k
2021 → 2025
Net result
€2k▲ 467%
2024 · €406
2021: €3k
2022: €31k
2023: €12k
2024: €406
2021 → 2025
Working capital
€-19k▼ 27.3%
2024 · €-15k
2021: €-12k
2022: €25k
2023: €43k
2024: €-15k
2021 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€5k-€35k▲ 657%€47k▲ 33.0%€14k▼ 70.6%€2k▼ 85.5%
Operating result€4k-€38k▲ 978%€15k▼ 61.3%€1k▼ 92.9%€3k▲ 222%
Net result€3k-€31k▲ 1,052%€12k▼ 62.0%€406▼ 96.5%€2k▲ 467%
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 222% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €29k
Fixed assets
€21k▼ 26.7%
Current assets
€8k▼ 72.5%
Equity and liabilities €29k
Equity
€2k▼ 85.5%
Debt
€27k▼ 38.4%
The debt ratio rises from 76.1% to 93.1%: equity shrinks faster than debt is paid down.
Key figures and ratios
EBITDA
€11k▲
2024 · €10k
Cash flow
€10k▲
2024 · €9k
Solvency
6.9%▼
2024 · 23.9%
Current ratio
0.29▼
2024 · 0.66
Quick ratio
0.29▼
2024 · 0.66
Debt / equity
13.55▲
2024 · 3.19
ROE
114.9%▲
2024 · 2.9%
ROA
7.9%▲
2024 · 0.7%
Interest coverage
67.01▲
2024 · 52.41
Debt
€27k▼
2024 · €44k
Debt ≤ 1 year
€27k▼
2024 · €44k
Income taxes
€907▲
2024 · €452
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€58k€29k▼
Fixed assets21/28€29k€21k▼
Tangible fixed assets22/27€29k€21k▼
Furniture and vehicles24€29k€21k▼
Current assets29/58€29k€8k▼
Amounts receivable within one year40/41€2k€3k▲
Trade receivables40€2k€3k▲
Cash at bank and in hand54/58€26k€5k▼
Deferred charges and accrued income490/1€1k-
Equity and liabilities
Total equity and liabilities10/49€58k€29k▼
Equity10/15€14k€2k▼
Contributions10/11€2k€2k=
Profit (loss) carried forward14€12k€0▼
Amounts payable17/49€44k€27k▼
Amounts payable within one year42/48€44k€27k▼
Trade debts44€584-
Suppliers440/4€584-
Taxes, remuneration and social security45€8k€5k▼
Taxes450/3€7k€4k▼
Remuneration and social security454/9€1k€2k▲
Other amounts payable47/48€36k€22k▼
Income statement
Code20242025
Remuneration, social security and pensions62€111-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€9k€8k▼
Other operating charges640/8€513€458▼
Gross operating margin9900€11k€12k▲
Operating profit (loss)9901€1k€3k▲
Financial income75/76B-€2
Recurring financial income75-€2
Financial charges65/66B€189€165▼
Recurring financial charges65€189€165▼
Profit (loss) for the period before taxes9903€857€3k▲
Income taxes67/77€452€907▲
Profit (loss) for the period9904€406€2k▲
Profit (loss) for the period to be appropriated9905€406€2k▲
Appropriation of the result
Profit (loss) to be appropriated9906€45k€14k▼
Profit (loss) brought forward from the previous period14P€45k€12k▼
Profit to be distributed694/7€34k€14k▼
Return on contributions (dividend)694€34k€14k▼
The notes to these accounts (4 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
26-02
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
25-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Weakest financial yearnet €406 ▼96.5%
Net result drops to €406, the lowest in the series; recovery starts the following year.
20-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Liquidity doublescurrent ratio 5.68
Current ratio from 2.67 to 5.68; short-term debt falls from €15k to €9k.
04-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Highest result since 2021net €31k ▲1052%
Operating result €38k, net result €31k, both a record.
31-12
Financial
Liquidity times 5current ratio 2.67
Current ratio from 0.56 to 2.67; short-term debt falls from €28k to €15k.
30-05
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
5 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, Zaventem · 1 establishment unit since 2020
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.
Excelsiorlaan 311930 ZaventemGround area
1,858 m²
Building footprint
596 m²
Volume, LiDAR
4,741 m³
Parcel 23094D0045/00P003, Flanders · tallest building 13.3 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Black Wings
since 20202.306.963.965
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23094D0045/00P003 | Flanders | 1,858 m² | 1 · 596 m² | 13.3 m · 3 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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AMA VLAANDEREN
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ELM TRANSPORT INTER
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Of 6,979 companies in sector 49320 we hold annual accounts for 2,683. 1,084 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded10-09-2020
Fiscal year end31-12
Activities, NACEBEL
49320Non-scheduled passenger transport by road
49330On-demand passenger transport by chauffeured vehicle
49390Land transport and transport via pipelines
Sources
Crossroads Bank for EnterprisesNational Bank · 5 filingsAddress and cadastre registers
Data from official sources, last processed on 15-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
2 entriesE-mail:bozkana@yahoo.com
Phone:0468315126