Age4 yrs
Real estate2 parcels · 8.2 ha
Summary
Conclusion
the dossier summarised in one paragraphThe computed 12-month bankruptcy probability of Brussels Airport Ventures is 2.2% (moderate). The 2024 annual accounts show equity of €15.68M and a net result of €-12k. Equity is growing by ~43.1% per year across the filed fiscal years. The company has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals.
Based on the State Gazette, CBE and 3 annual accounts.
Filing behaviour
From the deposit records, complete market-wideDeadline passed, not yet counted as missing
The deadline for the year that closed on 31-12-2025 passed on 31-07-2026, 26 days ago. Our copy of the deposit register trails the National Bank (measured: median 14 days, p99 45 days), so we only call this filing missing from 45 days past the deadline.
Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 27-05-2025, 65 days ahead of the deadline. This speaks to administrative punctuality and says nothing about the financial position.
How we compute the deadline
The year end is derived from 3 filed financial years, each closing on 31-12. The statutory deadline is seven months after the close of the financial year (art. 3:10 par. 1 CAC, art. 3:47 par. 7 for ASBL and foundations). Applied to the financial year that closed on 31-12-2024, that is 31-07-2025.
Deadline per financial year
| Year closed | Due by | Filed | Variance | Reference |
|---|---|---|---|---|
| 31-12-2025 | 31-07-2026 | nothing on record | not filed | - |
| 31-12-2024 | 31-07-2025 | 27-05-2025 | 65 d early | 2025-00116711 |
| 31-12-2023 | 31-07-2024 | 20-06-2024 | 41 d early | 2024-00159611 |
| 31-12-2022 | 31-07-2023 | 23-06-2023 | 38 d early | 2023-00184263 |
Source: the National Bank's deposit records. Those records are complete, including for years whose figures we have not read yet. Filing late covers nearly half the market and is therefore not scored; only not filing, being more than 90 days late and breaking a punctual record carry weight.
Trust signals
2 signalsMore than 3 years active
Founded in 2022, past the statistically most fragile first 3 years.
No legal incidents
No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.
Administrative Flags
No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
Bankruptcy probability (12 mo)
Checked model v1 · free for everyone2.2%
Moderate
0%0,5%1,5%4%10%≥25%
Young company
+No NACE activity registered
+Lower-risk legal form
−
Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?
Financials
TurnoverNot published (abbreviated filing)
EBIT marginNot published (abbreviated filing)
Net result€-12k+97.6%
Working capital€465k-94.2%
Annual accounts & ratios
Source: NBB · 2024Annual accounts filed on 27-05-2025 with the NBB · fiscal year 2024 · volledig
Trajectory (indicative)
Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.
growing
Equity: growth of ~43.1%/year over 3 fiscal years, indicative, assuming unchanged policy.
Solid line = filed figures · dashed = extended trend · area = indicative range.
How do we compute this?
The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.
The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.
A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).
€-12k
+97.6%
22-24
€21.22M
-13.1%
22-24
€15.68M
-0.1%
22-24
€465k
-94.2%
22-24
€5.55M
-36.4%
22-24
€13k
-95.0%
22-24
€5.50M
-33.3%
22-24
38.09
+15.5%
22-24
Show 5 other metrics
38.09
+15.5%
22-24
73.9%
+14.9%
22-24
0.35
-36.4%
22-24
-0.1%
+97.6%
22-24
-0.1%
+97.3%
22-24
Figures by fiscal year
| Fiscal year | 2024 |
|---|---|
| Deposit | volledig |
| Revenue | - |
| EBITDA | - |
| Net profit | €-12k |
| Cash flow | - |
| Staff costs | - |
| Income taxes | - |
| Dividends | - |
| Total assets | €21.22M |
| Equity | €15.68M |
| Debt | €5.55M |
| of which ≤ 1y | €13k |
| of which > 1y | €5.50M |
| Working capital | €465k |
| Employees (FTE) | - |
Ratios (computed)
| 2024 | |
|---|---|
| Current ratio | 38.09 |
| Quick ratio | 38.09 |
| Working capital ratio | 2.2% |
| Solvency | 73.9% |
| Debt / equity | 0.35 |
| Long-term debt ratio | 0.35 |
| Interest coverage | - |
| Gross margin | - |
| Net margin | - |
| ROA | -0.1% |
| ROE | -0.1% |
| EBITDA margin | - |
| Days sales outstanding | - |
| Days payable outstanding | - |
| Inventory turnover | - |
| Days inventory (DSI) | - |
Balance-sheet composition 2024
Full annual accounts (20 line items)
Filed balance sheet and income statement, exactly as deposited with the NBB.
| Line item | Code | 2024 |
|---|---|---|
| Balance sheet, Assets | ||
| TOTAL ASSETS | 20/58 | €21.22M |
| Fixed assets | 21/28 | €20.75M |
| Financial fixed assets | 28 | €20.75M |
| Current assets | 29/58 | €477k |
| Amounts receivable within one year | 40/41 | €26k |
| Cash & bank | 54/58 | €226k |
| Balance sheet, Equity & liabilities | ||
| TOTAL EQUITY & LIABILITIES | 10/49 | €21.22M |
| Equity | 10/15 | €15.68M |
| Contributions / capital | 10/11 | €16.50M |
| Accumulated profits (losses) | 14 | €-823k |
| Amounts payable | 17/49 | €5.55M |
| Amounts payable after one year | 17 | €5.50M |
| Amounts payable within one year | 42/48 | €13k |
| Trade debts payable within one year | 44 | €13k |
| Income statement | ||
| Operating result | 9901 | €-74k |
| Financial income | 75 | €265k |
| Financial charges | 65 | €203k |
| Result before taxes | 9903 | €-12k |
| Net result for the period | 9904 | €-12k |
| Result to be appropriated | 9905 | €-12k |
This table shows the latest fiscal year. 2 prior years, with figures and ratios, belong to a paid plan.
See plans →
Ratios computed by Checked.
Health barometer
FY 2024 · computed70
/ 100
Healthy
Computed from 4 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.
The full score breakdown, per-year score history and the indicative credit limit are in Kantoor S.
See plans →Computed by Checked from the NBB filing for FY 2024. Indicative, not credit advice.
Directors
Directors & mandates
no sitting director8 of this company's 8 Belgian State Gazette acts have not been read yet. Appointments and resignations recorded in them are missing below: a director who resigned there may therefore still show here as sitting. See the acts under Publications.
Former directors (4)
-
Arnaud FeistDirectorState Gazette act 24128665 (03-09-2024)Former- → 03-09-2024
-
Davy VreysDirectorState Gazette act 24128665 (03-09-2024)Former- → 03-09-2024
-
Hubert FlahauxDirectorState Gazette act 24128665 (03-09-2024)Former- → 03-09-2024
-
Marleen VandendriesscheDirectorState Gazette act 24128665 (03-09-2024)Former- → 03-09-2024
Full appointment history from the Belgian State Gazette. Permanent representatives are shown for corporate directors.This list is read straight from this company's published acts, not from the officer register.
Insolvency mandates
No insolvency mandates (liquidators, administrators) on record for this company.
Legal Structure
| NACE primary | - |
| Legal form | Public limited company(014) |
| Incorporation | 26-01-2022 |
| Status | Active |
| Postal code | 1930 |
Structure & network
Locations & real estate
Registered office
on the map · from the address registerEstablishment units
1 locationBrussels Airport Ventures
since 20222.329.143.907
Physical sites registered in the Crossroads Bank for Enterprises (CBE).
Parcels2
Ground area8.2 ha
Buildings2
Building footprint1.2 ha
Volume (LiDAR)95,583 m³
Tallest building36.9 m · ±5 fl.
Real-estate footprint
Source: CBE × cadastre · address linkingParcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23094A0053/00M002 | Flanders | 7.6 ha | 1 · 940 m² | 21.1 m · 5 fl. |
| 23094A0053/00B002 | Flanders | 6,095 m² | 1 · 1.1 ha | 36.9 m · 3 fl. |
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Publications
Lifecycle & Insolvency Signals
No insolvency signals in the Belgian State Gazette
Belgisch Staatsblad · acts
5 acts Capital history · 2
03-10-2023
Capital change
01-12-2022
Capital change
Address history · 1
27-12-2022
Registered-office move
All acts · 5
updated 1 year ago
2025
24-06-2025 4 directors appointed
- PwC Bedrijfsrevisoren BV, Commissaris
- Emmanuel Roels, Gedelegeerd bestuurder
- Esther Goldschmidt, Gedelegeerd bestuurder
- Justine Spolspoel, Gedelegeerd bestuurder
2024
03-09-2024 4 resigning
- Marleen Vandendriessche, Bestuurder
- Arnaud Feist, Bestuurder
- Hubert Flahaux, Bestuurder
- Davy Vreys, Bestuurder
2023
03-10-2023 Capital increase of €14,038,500 to €16,500,000
- €2.461.500 → €16.500.000
- Inbreng in geld · Apport en numéraire
Notary:
Yorik DESMYTTERE · BrusselFirm:
BERQUIN NOTARISSEN
2022
27-12-2022 Registered office moved within Zaventem
- Luchthaven Brussel-Nationaal AC, Compass building 1930 Zaventem → Luchthaven Brussel-Nationaal 1M, Compass Building, 193а Zaventem
01-12-2022 Capital increase of €2,400,000 to €2,461,500
- €61.500 → €2.461.500
- Inbreng in geld · Apport en numéraire
Notary:
Yorik DESMYTTERE · BrusselFirm:
BERQUIN NOTARISSEN
Analysis
Financial profile
5 of 5 axes measured68
/ 100
Strong profile, led by solvency.
All 5 axes are computed from data Checked has read.
Health
70
Profitability
0
Solvency
100
Growth
78
Stability
94
Credit advice
verdict per customer and amountCompany registry
Company registry (CBE)
Crossroads BankNames & trade names
| Legal nameNL | Brussels Airport Ventures |
Registered office
Luchthaven Brussel Nationaal 1M
1930 Zaventem, Belgium
Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.