ExecuJet MRO Services Belgium
ActiveSummary
ExecuJet MRO Services Belgium has been active since 1988 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €7.06M and a net result of €833k. Equity is growing by ~21.6% per year across the filed fiscal years. Its solvency ranks better than 75% of 35 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.5% (low).
Checked score
Score 2024
77
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability79▲+6
Solvency97▲+2
Growth78=
Track record100
Bankruptcy probability, 12 months
0.5%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €500k at 30 days acceptable
Liquidity ample (current ratio 3.31 against 3.07 in 2023; short-term debt: 25.9% and cash: 8.7% of total assets), and 28.3% 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.
−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 30
Relative position
BE, all sectors
reference
Sector 30
higher
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
71.7%
Return on assets
8.5%
Age of the figures
21 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 30-08-2025, 30 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
30 d late
2023
28 d early
2022
81 d late
2021
94 d late
2020
15 d early
2019
80 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, abbreviated schema
Turnover
€3.72M
EBIT margin
-4.3%
Net result
€833k▲ 184%
2023 · €293k
2018: €-197k
2019: €646k
2020: €-347k
2021: €-132k
2022: €-137k
2023: €293k
2018 → 2024
Working capital
€5.89M▲ 11.7%
2023 · €5.27M
2018: €1.19M
2019: €3.85M
2020: €4.98M
2021: €4.98M
2022: €4.93M
2023: €5.27M
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€6.36M-€6.23M▼ 2.1%€6.09M▼ 2.2%€6.33M▲ 3.9%€7.06M▲ 11.5%
Operating result€-459k-€-165k▲ 64.1%€-196k▼ 18.7%€306k€1.03M▲ 236%
Net result€-347k-€-132k▲ 62.0%€-137k▼ 3.8%€293k€833k▲ 184%
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed two years in a row; 2024 is 236% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €9.84M
Fixed assets
€1.41M ▲ 12.0%
Current assets
€8.44M ▲ 7.9%
Equity and liabilities €9.84M
Equity
€7.06M ▲ 11.5%
Provisions
€238k ▲ 23.5%
Debt
€2.55M ▼ 0.1%
Debt's share of the balance-sheet total falls from 28.1% to 25.9%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€1.23M▲
2023 · €497k
Cash flow
€1.04M▲
2023 · €483k
Current ratio
3.31▲
2023 · 3.07
Quick ratio
3.15▲
2023 · 2.95
Debt to equity
0.36▼
2023 · 0.40
ROE
11.8%▲
2023 · 4.6%
ROA
8.5%▲
2023 · 3.2%
Interest coverage
49.12▲
2023 · 25.67
Debt ≤ 1 year
€2.55M▼
2023 · €2.55M
Income taxes
€320k▲
2023 · €104k
Staff costs
€2.04M▲
2023 · €1.76M
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 · 69 lines
Balance sheet
Code20232024
Assets
Total assets20/58€9.07M€9.84M▲
Fixed assets21/28€1.26M€1.41M▲
Intangible fixed assets21€0-
Tangible fixed assets22/27€1.25M€1.39M▲
Land and buildings22€1.16M€1.04M▼
Plant, machinery and equipment23€83k€334k▲
Furniture and vehicles24€10k€14k▲
Financial fixed assets28€5k€15k▲
Current assets29/58€7.82M€8.44M▲
Amounts receivable after more than one year29€2.39M€2.23M▼
Trade receivables290€2.39M€2.23M▼
Stocks and contracts in progress3€298k€412k▲
Stocks30/36€298k€412k▲
Amounts receivable within one year40/41€3.28M€4.34M▲
Trade receivables40€3.02M€4.02M▲
Other amounts receivable41€262k€325k▲
Current investments50/53-€500k
Cash at bank and in hand54/58€1.85M€859k▼
Deferred charges and accrued income490/1€5k€100k▲
Equity and liabilities
Total equity and liabilities10/49€9.07M€9.84M▲
Equity10/15€6.33M€7.06M▲
Contributions10/11€4.20M€4.20M=
Capital10€4.20M€4.20M=
Issued capital100€4.20M€4.20M=
Reserves13€2.20M€2.09M▼
Non-distributable reserves130/1€20k€60k▲
Legal reserve130€20k€60k▲
Tax-exempt reserves132€577k€500k▼
Distributable reserves133€1.60M€1.53M▼
Profit (loss) carried forward14€-69k€762k▲
Provisions and deferred taxes16€193k€238k▲
Provisions for liabilities and charges160/5€640€71k▲
Environmental obligations163€640€71k▲
Deferred taxes168€192k€167k▼
Amounts payable17/49€2.55M€2.55M▼
Amounts payable within one year42/48€2.55M€2.55M▼
Trade debts44€1.99M€1.93M▼
Suppliers440/4€1.99M€1.93M▼
Taxes, remuneration and social security45€505k€505k▼
Taxes450/3€176k€62k▼
Remuneration and social security454/9€330k€443k▲
Other amounts payable47/48€53k€108k▲
Accrued charges and deferred income492/3€2k€0▼
Income statement
Code20232024
Non-recurring operating income76A€220€0▼
Remuneration, social security and pensions62€1.76M€2.04M▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€190k€202k▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€-36k€-108k▼
Other operating charges640/8€36k€138k▲
Non-recurring operating charges66A-€13k
Gross operating margin9900€2.25M€3.32M▲
Operating profit (loss)9901€306k€1.03M▲
Financial income75/76B€84k€122k▲
Recurring financial income75€84k€122k▲
Financial charges65/66B€19k€25k▲
Recurring financial charges65€19k€25k▲
Profit (loss) for the period before taxes9903€371k€1.13M▲
Transfer from deferred taxes780€26k€26k=
Income taxes67/77€104k€320k▲
Profit (loss) for the period9904€293k€833k▲
Transfer from tax-exempt reserves789€77k€77k=
Profit (loss) for the period to be appropriated9905€370k€910k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-16k€841k▲
Profit (loss) brought forward from the previous period14P€-386k€-69k▲
Transfer from equity791/2-€69k
Transfer to equity691/2-€40k
To the legal reserve6920-€40k
Profit to be distributed694/7€53k€108k▲
Employees696€53k€108k▲
Social balance
Average headcount (FTE)908720.622.0▲
The notes to these accounts (21 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
30-08
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 30 days late
2024
31-12
Financial
Highest result since 2018net €833k ▲184%
Net result €833k, the highest in the series.
03-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Back to profitnet €293k
Net result €293k after 3 loss-making years.
20-10
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 81 days late
2022
02-11
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 94 days late
2021
16-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Weakest financial yearnet €-347k ▼154%
Net result drops to €-347k, the lowest in the series; recovery starts the following year.
31-12
Financial
Equity above €5MEq €6.36M ▲140%
Equity rises from €2.65M to €6.36M.
19-10
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 80 days late
2019
31-12
Financial
Back to profitnet €646k
Net result €646k after one loss-making year.
31-12
Financial
Equity above €2MEq €2.65M ▲35.7%
Equity rises from €1.96M to €2.65M.
Show earlier events
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 30 days late
2018
20-07
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
30-06
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
2016
28-06
NBB filing
Annual accounts filed
fiscal year 2015 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
22 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, Wevelgem · 2 establishment units since 1988
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.
Kortrijkstraat 345/D8560 WevelgemGround area
2.1 ha
Building footprint
6,954 m²
Volume, LiDAR
53,394 m³
2 parcels, Flanders · tallest building 11.8 m, ±3 floors. Linked by address, not a title deed.
2 establishment units
ExecuJet MRO Services Belgium
since 19882.040.673.330
ExecuJet MRO Services Belgium
since 20082.205.151.973
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34302B0875/00X011 | Flanders | 1.3 ha | 1 · 6,954 m² | 11.8 m · 3 fl. |
| 23094A0072/00K000 | Flanders | 8,564 m² | - | - |
Linked by address, not proof of ownership
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.
Recognitions · licences · registrations
Legal Entity Identifier
9676004WMDU9SJSORR32
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Of 110 companies in sector 30310 we hold annual accounts for 68. 26 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 formPublic limited company
Founded23-06-1988
Fiscal year end31-12
Activities, NACEBEL 2025
30310Manufacture of other transport equipment
33160Repair, maintenance and installation of machinery and equipment
32990Other manufacturing not elsewhere classified
46711Wholesale of cars and light vans (up to 3.5 tonnes)
47811Retail sale of cars and light vans (up to 3.5 tonnes)
73110Advertising agencies
Sources
Crossroads Bank for EnterprisesNational Bank · 36 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.
Contact details
1 entryWebsite:www.execujet-mro.com/