BRIDGE AVIATION

Active

Private limited company (pre-2019)founded 198937 yrs activeZaventemsesteenweg 89A, 1831 Machelen (Brab.), BelgiumKBO/BCE: BE 0437.829.492

Summary

BRIDGE AVIATION has been active since 1989 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €9k and a net result of €2k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 28% of 960 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).

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Checked score

Score 2025

64 / 100

Healthy

The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.

Axes · tick = 2024

Profitability73▼-27

Solvency43▲+3

Growth55▼-17

Track record100

Bankruptcy probability, 12 months

0.6% Low

0%0.5%1.5%4%10%≥ 25%

Credit up to €500 at 30 days acceptable

Liquidity tight (current ratio 1.23 against 1.17 in 2024; short-term debt: 81.6% and cash: 38.8% of total assets), and 81.6% of the assets are financed with debt.

How do we compute the score and the probability?

Credit advice for your own amount and term

Signals

Three signals. The signal on the left, the evidence on the right.

−lowers risk+raises risk○neutral

Higher-failure-rate sector

In this sector companies fail more often than the Belgian average.

Gazette · bankruptcies per sector, NACE 52

Relative position

BE, all sectors

reference

Sector 52

higher

← fewer bankruptcies more bankruptcies →

Long track record

A company with a long track record statistically fails less often than a young one.

KBO · incorporation date

Age against the risk zone

Filed after the deadline

The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 27-08-2026, 27 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 filings

Deviation from the deadline

2025

27 d late

2024

28 d late

2023

20 d late

2022

28 d early

2021

29 d late

2020

48 d late

2019

43 d early

← before the deadline after the deadline →

Checked, nothing found (2)

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 months

Position in the running window

24-09-2026 today31-12-2026 close31-07-2027 deadline

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

Financials · fiscal year 2025, micro schema

Turnover

€455k▲ 24.5%

2018 · €366k

2018: €366k

2018 → 2019

EBIT margin

13.7%▲ 11.7pp

2018 · 2.0%

2018: 2.0%

2018 → 2019

Net result

€2k▼ 86.8%

2024 · €13k

2018: €4k 2019: €33k 2020: €-128k 2021: €-23k 2022: €30k 2023: €36k 2024: €13k

2018 → 2025

Working capital

€9k▲ 28.1%

2024 · €7k

2018: €-74k 2019: €-10k 2020: €-131k 2021: €-97k 2022: €-42k 2023: €-6k 2024: €7k

2018 → 2025

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20212022202320242025Trend

Equity€-71k-€-42k▲ 41.5%€-6k▲ 85.4%€7k€9k▲ 24.5%

Operating result€-16k-€614€36k▲ 5,697%€13k▼ 62.9%€2k▼ 86.3%

Net result€-23k-€30k€36k▲ 20.2%€13k▼ 62.9%€2k▼ 86.8%

Turnover and EBIT margin not published: the micro schema does not require them.

Result per fiscal year

Operating resultNet result

The operating result has fallen two years in a row; 2025 is 86% below 2024.

Balance-sheet composition

2025 in colour, 2024 as the grey bar beneath

Equity and liabilities €48k

18.4%

81.6%

Equity €9k ▲ 24.5%

Debt €39k ▼ 5.5%

Debt's share of the balance-sheet total falls from 85.4% to 81.6%. Equity is higher and debt is lower.

Key figures and ratios

2025 value · change against 2024

EBITDA

€2k▼

2024 · €13k

Cash flow

€2k▼

2024 · €13k

Current ratio

1.23▲

2024 · 1.17

Debt to equity

4.44▼

2024 · 5.85

ROE

19.7%▼

2024 · 185.4%

ROA

3.6%▼

2024 · 27.1%

Interest coverage

29.94▼

2024 · 178.64

Debt ≤ 1 year

€39k▼

2024 · €42k

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 · 37 lines

Balance sheet Code20242025

Assets

Total assets20/58€49k€48k▼

Fixed assets21/28€200-

Intangible fixed assets21€200-

Current assets29/58€48k€48k▼

Amounts receivable within one year40/41€17k€17k=

Trade receivables40€17k€17k=

Current investments50/53-€13k

Cash at bank and in hand54/58€32k€19k▼

Equity and liabilities

Total equity and liabilities10/49€49k€48k▼

Equity10/15€7k€9k▲

Contributions10/11€38k€38k=

Reserves13€8k€8k=

Non-distributable reserves130/1€4k€4k=

Reserves not available under the articles1311€4k€4k=

Distributable reserves133€4k€4k=

Profit (loss) carried forward14€-39k€-37k▲

Amounts payable17/49€42k€39k▼

Amounts payable within one year42/48€42k€39k▼

Trade debts44€33k€32k▼

Suppliers440/4€33k€32k▼

Taxes, remuneration and social security45€1k€257▼

Taxes450/3€262€257▼

Remuneration and social security454/9€1k-

Other amounts payable47/48€8k€8k=

Income statement Code20242025

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€200€200=

Other operating charges640/8€200€400▲

Gross operating margin9900€14k€2k▼

Operating profit (loss)9901€13k€2k▼

Financial income75/76B€45-

Recurring financial income75€45-

Financial charges65/66B€75€67▼

Recurring financial charges65€75€67▼

Profit (loss) for the period before taxes9903€13k€2k▼

Profit (loss) for the period9904€13k€2k▼

Profit (loss) for the period to be appropriated9905€13k€2k▼

Appropriation of the result

Profit (loss) to be appropriated9906€-39k€-37k▲

Profit (loss) brought forward from the previous period14P€-52k€-39k▲

The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

All 13Financial 3Filings 10

Next filing, fiscal year 2026, expected by 31-07-2027

2026

27-08

NBB filing Annual accounts filed

fiscal year 2025 · micro schema · 27 days late

2025

28-08

NBB filing Annual accounts filed

fiscal year 2024 · micro schema · 28 days late

2024

20-08

NBB filing Annual accounts filed

fiscal year 2023 · micro schema · 20 days late

2023

31-12

Financial Highest result since 2018net €36k ▲20.2%

Net result €36k, the highest in the series.

03-07

NBB filing Annual accounts filed

fiscal year 2022 · micro schema

2022

31-12

Financial Back to profitnet €30k

Net result €30k after 2 loss-making years.

29-08

NBB filing Annual accounts filed

fiscal year 2021 · micro schema · 29 days late

2021

17-09

NBB filing Annual accounts filed

fiscal year 2020 · micro schema · 48 days late

2020

31-12

Financial Weakest financial yearnet €-128k ▼483%

Net result drops to €-128k, the lowest in the series; recovery starts the following year.

18-06

NBB filing Annual accounts filed

fiscal year 2019 · micro schema

2019

22-07

NBB filing Annual accounts filed

fiscal year 2018 · micro schema

2018

30-05

NBB filing Annual accounts filed

fiscal year 2017 · micro schema

2017

09-06

NBB filing Annual accounts filed

fiscal year 2016 · micro schema

Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Directors · office · real estate

Directors

3 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, Machelen (Brab.) · 1 establishment unit since 1990

establishment The establishment unit on the map

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.

Zaventemsesteenweg 89A1831 Machelen (Brab.)

Ground area

2,344 m²

Parcel 23015A0239/00H000, Flanders. Linked by address, not a title deed.

1 establishment unit

+PROJEKT+

Zaventemsesteenweg 89A, 1831 Machelen (Brab.)NACE 4520002

since 19902.044.057.343

1 parcel

Flanders 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
23015A0239/00H000	Flanders	2,343 m²	-	-

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

AVIATION TECHNIC SUPPORT

BE 0740.720.011

Haacht · Eq €7,808

Of 528 companies in sector 52230 we hold annual accounts for 279. 100 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 (pre-2019)

Founded05-07-1989

Fiscal year end31-12

Activities, NACEBEL 2025

52230Warehousing and support activities for transportation

81230Other cleaning activities

Sources

Crossroads Bank for EnterprisesNational Bank · 37 filingsAddress and cadastre registers

Scores and ratios are computed by Checked and are not a credit decision.