CASSINI AVIATION
ActiveThe computed 12-month bankruptcy probability of CASSINI AVIATION is 1.6% (moderate). The 2025 annual accounts show equity of €8k and a net result of €4k. Its solvency ranks better than 35% of 139 sector peers (fiscal year 2025). The company has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
52
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability52▼-27
Solvency39▼-20
Growth78
Track record94
Bankruptcy probability, 12 months
1.6%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit advice for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
+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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 51
Relative position
BE, all sectors
reference
Sector 51
higher
← fewer bankruptcies
more bankruptcies →
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 20-08-2026, 20 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 · 2 filingsDeviation from the deadline
2025
20 d late
2024
27 d late
← 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
16-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€8k▲ 73.0%
2024 · €5k
2024: €5k
2024 → 2025
Total assets
€59k▲ 320%
2024 · €14k
2024: €14k
2024 → 2025
Net result
€4k▲ 51.3%
2024 · €2k
2024: €2k
2024 → 2025
Working capital
€8k▲ 73.0%
2024 · €5k
2024: €5k
2024 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20242025Trend
Equity€5k-€8k▲ 73.0%
Operating result€5k-€5k▼ 2.9%
Net result€2k-€4k▲ 51.3%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 3% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Equity and liabilities €59k
Equity
€8k▲ 73.0%
Debt
€50k▲ 449%
The debt ratio rises from 65.5% to 85.8%. Equity and debt are higher.
Key figures and ratios
Solvency
14.2%▼
2024 · 34.5%
Current ratio
1.17▼
2024 · 1.53
Quick ratio
1.17▼
2024 · 1.53
Debt / equity
6.04▲
2024 · 1.90
ROE
42.2%▼
2024 · 48.3%
ROA
6.0%▼
2024 · 16.6%
Debt
€50k▲
2024 · €9k
Debt ≤ 1 year
€50k▲
2024 · €9k
Income taxes
€1k▼
2024 · €2k
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€14k€59k▲
Current assets29/58€14k€59k▲
Amounts receivable within one year40/41€3k€22k▲
Trade receivables40€2k-
Other amounts receivable41€1k€22k▲
Cash at bank and in hand54/58€10k€36k▲
Deferred charges and accrued income490/1€988€790▼
Equity and liabilities
Total equity and liabilities10/49€14k€59k▲
Equity10/15€5k€8k▲
Contributions10/11€3k€3k=
Profit (loss) carried forward14€2k€6k▲
Amounts payable17/49€9k€50k▲
Amounts payable within one year42/48€9k€50k▲
Trade debts44€2k€44k▲
Suppliers440/4€2k€44k▲
Taxes, remuneration and social security45€5k€1k▼
Taxes450/3€5k€1k▼
Other amounts payable47/48€2k€5k▲
Income statement
Code20242025
Remuneration, social security and pensions62€391-
Other operating charges640/8€50€1k▲
Gross operating margin9900€5k€6k▲
Operating profit (loss)9901€5k€5k▼
Financial income75/76B€0€620▲
Recurring financial income75€0€620▲
Financial charges65/66B€164€228▲
Recurring financial charges65€164€228▲
Profit (loss) for the period before taxes9903€5k€5k▲
Income taxes67/77€2k€1k▼
Profit (loss) for the period9904€2k€4k▲
Profit (loss) for the period to be appropriated9905€2k€4k▲
Appropriation of the result
Profit (loss) to be appropriated9906€2k€6k▲
Profit (loss) brought forward from the previous period14P-€2k
The notes to these accounts (1 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
20-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 20 days late
2025
27-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 27 days late
NBB filing
Directors · office · real estate
Directors
1 act for this company is 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, Landen · 1 establishment unit since 2023
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.
Grootveldstraat 83400 LandenGround area
483 m²
Building footprint
148 m²
Volume, LiDAR
1,112 m³
Parcel 24059B1233/00H000, Flanders · tallest building 10.8 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
CASSINI AVIATION
since 20232.346.903.221
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24059B1233/00H000 | Flanders | 483 m² | 1 · 148 m² | 10.8 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.
Similar companies · same sector, comparable size
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Morlanwelz · Eq €9k
JO-AVIATION
BE 0750.997.952
Mettet · Eq €8k
ULM BLUE SKY
BE 0713.657.110
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KOEKELKOREN
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Halen · Eq €9k
Of 452 companies in sector 51100 we hold annual accounts for 170. 82 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded03-07-2023
Fiscal year end31-12
Activities, NACEBEL
51100Air transport
Sources
Crossroads Bank for EnterprisesNational Bank · 2 filingsAddress and cadastre registers
Data from official sources, last processed on 16-09-2026. Scores and ratios are computed by Checked and are not a credit decision.