Compressed Air Services
ActiveSummary
Compressed Air Services has been active since 1987 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €214k and a net result of €35k. Equity is growing by ~11.6% per year across the filed fiscal years. Its solvency ranks better than 56% of 26043 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.5% (low).
Checked score
Score 2024
69
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability77▲+7
Solvency65▲+6
Growth52=
Track record100
Bankruptcy probability, 12 months
0.5%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €14k at 30 days acceptable
Liquidity ample (current ratio 1.83 against 1.57 in 2023; short-term debt: 16% and cash: 3.9% of total assets), but 60.3% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Three signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
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 47
Relative position
BE, all sectors
reference
Sector 47
higher
← fewer bankruptcies
more bankruptcies →
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 29-08-2025, 29 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 filingsDeviation from the deadline
2025
not confirmed
2024
29 d late
2023
29 d late
2022
31 d late
2021
29 d late
2020
46 d late
2019
81 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Equity
€214k▲ 19.2%
2023 · €180k
2018: €105k
2019: €112k
2020: €148k
2021: €152k
2022: €175k
2023: €180k
2018 → 2024
Total assets
€540k▲ 2.1%
2023 · €529k
2018: €231k
2019: €274k
2020: €307k
2021: €290k
2022: €359k
2023: €529k
2018 → 2024
Net result
€35k▲ 675%
2023 · €4k
2018: €37k
2019: €7k
2020: €36k
2021: €3k
2022: €24k
2023: €4k
2018 → 2024
Working capital
€71k▲ 58.1%
2023 · €45k
2018: €56k
2019: €33k
2020: €59k
2021: €53k
2022: €51k
2023: €45k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€148k-€152k▲ 2.3%€175k▲ 15.5%€180k▲ 2.5%€214k▲ 19.2%
Operating result€52k-€9k▼ 83.2%€34k▲ 291%€12k▼ 66.1%€61k▲ 425%
Net result€36k-€3k▼ 90.4%€24k▲ 578%€4k▼ 81.1%€35k▲ 675%
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 2024; 2024 is 425% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €540k
Fixed assets
€382k ▼ 5.6%
Current assets
€158k ▲ 27.1%
Equity and liabilities €540k
Equity
€214k ▲ 19.2%
Debt
€326k ▼ 6.8%
Debt's share of the balance-sheet total falls from 66.0% to 60.3%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€91k▲
2023 · €37k
Cash flow
€65k▲
2023 · €29k
Current ratio
1.83▲
2023 · 1.57
Debt to equity
1.52▼
2023 · 1.95
ROE
16.1%▲
2023 · 2.5%
ROA
6.4%▲
2023 · 0.8%
Interest coverage
7.30▼
2023 · 8.43
Debt ≤ 1 year
€87k▲
2023 · €79k
Debt > 1 year
€239k▼
2023 · €271k
Income taxes
€15k▲
2023 · €4k
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 · 2024 against 2023 · 51 lines
Balance sheet
Code20232024
Assets
Total assets20/58€529k€540k▲
Fixed assets21/28€405k€382k▼
Tangible fixed assets22/27€403k€380k▼
Land and buildings22€379k€357k▼
Plant, machinery and equipment23€2k€7k▲
Furniture and vehicles24€715€1k▲
Leasing and similar rights25€21k€16k▼
Financial fixed assets28€2k€2k=
Current assets29/58€124k€158k▲
Amounts receivable after more than one year29€54k€61k▲
Other amounts receivable291€54k€61k▲
Amounts receivable within one year40/41€70k€76k▲
Trade receivables40€68k€74k▲
Other amounts receivable41€2k€2k▼
Cash at bank and in hand54/58€39€21k▲
Deferred charges and accrued income490/1€574-
Equity and liabilities
Total equity and liabilities10/49€529k€540k▲
Equity10/15€180k€214k▲
Contributions10/11€19k€19k=
Reserves13€161k€196k▲
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Distributable reserves133€159k€194k▲
Amounts payable17/49€350k€326k▼
Amounts payable after more than one year17€271k€239k▼
Financial debts170/4€271k€235k▼
Other amounts payable178/9-€5k
Amounts payable within one year42/48€79k€87k▲
Current portion of amounts payable after more than one year42€26k€36k▲
Financial debts43€5k€1k▼
Credit institutions430/8€5k€1k▼
Trade debts44€34k€31k▼
Suppliers440/4€34k€31k▼
Taxes, remuneration and social security45€14k€18k▲
Taxes450/3€14k€18k▲
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€25k€31k▲
Other operating charges640/8€36k€3k▼
Non-recurring operating charges66A€679-
Gross operating margin9900€74k€94k▲
Operating profit (loss)9901€12k€61k▲
Financial income75/76B€1k€2k▲
Recurring financial income75€1k€2k▲
Financial charges65/66B€4k€13k▲
Recurring financial charges65€4k€13k▲
Profit (loss) for the period before taxes9903€9k€50k▲
Income taxes67/77€4k€15k▲
Profit (loss) for the period9904€4k€35k▲
Profit (loss) for the period to be appropriated9905€4k€35k▲
Appropriation of the result
Profit (loss) to be appropriated9906€4k€35k▲
Transfer to equity691/2€4k€35k▲
To other reserves6921€4k€35k▲
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
2025
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 29 days late
2024
31-12
Financial
Equity above €200kEq €214k ▲19.2%
7 profitable years in a row build equity to €214k.
29-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 29 days late
2023
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 31 days late
2022
29-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 29 days late
2021
31-12
Financial
Weakest financial yearnet €3k ▼90.4%
Net result drops to €3k, the lowest in the series; recovery starts the following year.
31-12
Financial
Equity above €150kEq €152k ▲2.3%
4 profitable years in a row build equity to €152k.
15-09
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 46 days late
2020
20-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 81 days late
2019
29-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 29 days late
2018
05-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
25-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
2016
09-06
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
6 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, Vilvoorde · 1 establishment unit since 1987
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.
Groendallaan 711800 VilvoordeGround area
394 m²
Building footprint
120 m²
Volume, LiDAR
1,499 m³
Parcel 23088A0104/00V008, Flanders · tallest building 15.1 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
MARYGO
since 19872.031.971.638
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23088A0104/00V008 | Flanders | 394 m² | 1 · 120 m² | 15.1 m · 4 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
GAKO
BE 0638.835.961
Lessines · Eq €214,211
BELCOMMA
BE 0447.031.824
Braine-l'Alleud · Eq €214,052
CAROL
BE 0450.250.937
Temse · Eq €214,533
SIRCO
BE 0427.810.877
Mons · Eq €213,272
BURT
BE 0470.783.461
Nieuwpoort · Eq €215,380
Of 1,034 companies in sector 47721 we hold annual accounts for 582. 433 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
Founded03-11-1987
Fiscal year end31-12
Activities, NACEBEL 2025
47721Retail sale of footwear
Sources
Crossroads Bank for EnterprisesNational Bank · 33 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.