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EXPLORE D

Active
Private limited companyfounded 2016active for 10 yearsTerbeke 3, 9681 Maarkedal, BelgiumKBO/BCE: BE 0654.982.305
Summary

EXPLORE D has been active since 2016 and the Belgian Official Gazette contains no insolvency or warning signals. The 2026 annual accounts show equity of €265,534 and a net result of €61,097. Equity is growing by about 66% per year across the filed financial years. The computed 12-month bankruptcy probability is below 0.1% (very low).

Overview

Activity
Air transport
NACE 51100
7th largest company by equity in East Flanders, Air transport sector1 site
Size
≈ €270,000turnover 2026, estimated
Equity
€265,534
Profit
€61,097
Turnover estimated from the gross margin
Financial health
98 Excellent Checked score 2026
Bankruptcy probabilitywithin 12 months
< 0.1%
Structure
2026 accounts 47 days early1 of 3 deeds summarised
Why 98lowers riskLiquidity: current ratio 12.02, cash €145,357Equity €265,534 (94.6% of total assets)Figures for financial year 2026 (filed 14-09-2026)Founded in 2016Show the evidence

Checked score

Score 2026
98 / 100
Excellent
Probability in this band: under 0.55%
Financially better than 86% of its sector peers (NACE 51, micro)
Financial strength · tick = 2025
Strong
Solvency 100=
equity 94.6% of total assets
Liquidity 100+8
short-term debt 4.8% · cash 51.8%
Profitability 96+6
return on assets 21.8%
Bankruptcy probability, 12 months
< 0.1% Very low
0%0.5%1.5%4%10%≥ 25%

Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.4% (202 companies, NACE 51, micro)
Last 24 months 11-2024: < 0.1% 12-2024: < 0.1%● unchanged vs 11-2024 01-2025: < 0.1%● unchanged vs 12-2024 02-2025: < 0.1%● unchanged vs 01-2025 03-2025: < 0.1%● unchanged vs 02-2025 04-2025: < 0.1%● unchanged vs 03-2025 05-2025: < 0.1%● unchanged vs 04-2025 06-2025: < 0.1%● unchanged vs 05-2025 07-2025: < 0.1%● unchanged vs 06-2025 08-2025: < 0.1%● unchanged vs 07-2025 09-2025: < 0.1%● unchanged vs 08-2025 10-2025: 0.1%▲ +0.1 percentage points vs 09-2025 11-2025: 0.1%● unchanged vs 10-2025 12-2025: 0.1%● unchanged vs 11-2025 01-2026: 0.1%● unchanged vs 12-2025 02-2026: 0.1%● unchanged vs 01-2026 03-2026: 0.1%● unchanged vs 02-2026 04-2026: 0.1%● unchanged vs 03-2026 05-2026: 0.1%● unchanged vs 04-2026 06-2026: 0.1%● unchanged vs 05-2026 07-2026: 0.1%● unchanged vs 06-2026 08-2026: 0.1%● unchanged vs 07-2026 09-2026: 0.1%● unchanged vs 08-2026highest value 10-2026: < 0.1%▼ -0.1 percentage points vs 09-2026lowest value
Credit of up to €25,000 on 30-day terms is acceptable
Liquidity ample (current ratio 12.02, compared with 6.0 in 2025, above the usual 1.5; short-term debt: 4.8% and cash: 51.8% of total assets), and 5.4% of the assets are financed with debt and provisions.
How it is calculated

The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:

75-100 Excellent under 0.55%
60-74 Healthy 0.55% to 1.5%
45-59 Fair 1.5% to 4.2%
25-44 Weak 4.2% to 15.0%
0-24 Critical over 15.0%

Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 51, micro): better than 88% on solvency, 97% on liquidity, 82% on profitability and 78% on growth.

The bankruptcy probability was computed on 28-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.

Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).

Credit check for your own amount and term

Show the recommended maximum and see how the verdict changes with amount, term and advance.

Signals

Five signals.
lowers riskneutral
lowers risk · Liquidity: current ratio 12.02, cash €145,357
NBB · annual accounts
lowers risk · Equity €265,534 (94.6% of total assets)
NBB · annual accounts
lowers risk · Figures for financial year 2026 (filed 14-09-2026)
NBB · annual accounts
lowers risk · Founded in 2016
Companies that have existed this long fail less often; how much that weighs depends on the rest of its profile.
KBO
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2026 was due by 31-10-2026 and was filed on 14-09-2026, 47 days ahead of the deadline.
NBB · 9 filings
Deviation from the deadline
2026
47 days early
2025
3 days early
2024
31 days early
2023
25 days early
2022
33 days early
2021
3 days early
2020
12 days early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 7 accounts on average 22 days before the deadline; the sector median (NACE 51) for financial year 2024 is 10 days before the deadline, and 35% of those companies filed late.

Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-03-2027 and is due by 31-10-2027. Nothing is late today. The company usually files around 30 September (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Where today falls in the filing period
29-10-2026 today31-03-2027 year end31-10-2027 deadline
neutral · No strike-offs in the KBO publications
Searched since 2021.
KBO publications · our coverage
  1. Annual accounts filedfinancial year 2026 · micro…
  2. Liquidity doublescurrent ratio 12.02
  3. Annual accounts filedfinancial year 2025 · micro…

Financials · financial year 2026, micro format

Turnover
≈ €270,000
Estimated: probably between €180,000 and €420,000
Total assets
€280,704▲ 22.5%
2025 · €229,148
Net result
€61,097▲ 56.4%
2025 · €39,066
Working capital
€148,137▲ 83.2%
2025 · €80,847
Trend over the years

2022 to 2026, 5 financial years 2019 to 2026, 8 financial years

The operating result recovers in 2026; 2026 is 54% above 2025.

What the company sold each financial year and what was left of it. A loss stands below the zero line.

Operating result€82,034 2026 Net result€61,097 2026

Use the arrow keys on the chart for the figures per year.

Sector: the middle half of NACE 51, Air transport: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).

Every figure with its change against the financial year before
favourable unfavourable
Line20192020202120222023202420252026
Operating result€3,341-€2,946▼ 11.8%€11,638▲ 295%€19,596▲ 68.4%€88,960▲ 354%€76,074▼ 14.5%€53,098▼ 30.2%€82,034▲ 54.5%
Net result€3,066-€1,735▼ 43.4%€9,365within the sector's middle half▲ 440%€13,292within the sector's middle half▲ 41.9%€67,349above the sector's middle half▲ 407%€56,658above the sector's middle half▼ 15.9%€39,066above the sector's middle half▼ 31.0%€61,097▲ 56.4%
Equity€10,772-€12,506▲ 16.1%€21,872within the sector's middle half▲ 74.9%€35,163within the sector's middle half▲ 60.8%€108,712within the sector's middle half▲ 209%€165,371above the sector's middle half▲ 52.1%€204,437above the sector's middle half▲ 23.6%€265,534▲ 29.9%
Total assets€29,802-€23,376▼ 21.6%€25,826below the sector's middle half▲ 10.5%€39,773below the sector's middle half▲ 54.0%€142,308within the sector's middle half▲ 258%€189,365within the sector's middle half▲ 33.1%€229,148within the sector's middle half▲ 21.0%€280,704▲ 22.5%
Debt€19,031-€10,869▼ 42.9%€3,954▼ 63.6%€4,610▲ 16.6%€33,595▲ 629%€23,994▼ 28.6%€24,711▲ 3.0%€15,170▼ 38.6%
Working capital-€989-€1,529€13,602within the sector's middle half▲ 789%€30,632within the sector's middle half▲ 125%€68,377within the sector's middle half▲ 123%€133,311above the sector's middle half▲ 95.0%€80,847within the sector's middle half▼ 39.4%€148,137▲ 83.2%
Solvency36.1%-53.5%▲ 17.4pp84.7%above the sector's middle half▲ 31.2pp88.4%above the sector's middle half▲ 3.7pp76.4%within the sector's middle half▼ 12.0pp87.3%above the sector's middle half▲ 10.9pp89.2%above the sector's middle half▲ 1.9pp94.6%▲ 5.4pp
Current ratio0.93-1.14▲ 0.214.44above the sector's middle half▲ 3.307.64above the sector's middle half▲ 3.206.85above the sector's middle half▼ 0.8016.29above the sector's middle half▲ 9.446.00above the sector's middle half▼ 10.2912.02▲ 6.01
Return on assets (ROA)10.3%-7.4%▼ 2.9pp36.3%above the sector's middle half▲ 28.8pp33.4%above the sector's middle half▼ 2.8pp47.3%above the sector's middle half▲ 13.9pp29.9%above the sector's middle half▼ 17.4pp17.0%within the sector's middle half▼ 12.9pp21.8%▲ 4.7pp
above within below the middle half of NACE 51, Air transport: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30.
Turnover and EBIT margin not published: the micro format does not require them. The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2026 in colour, 2025 as the grey bar beneath
Assets €280,704
Fixed assets €119,120 ▼ 9.9%
Current assets €161,584 ▲ 66.6%
Equity and liabilities €280,704
Equity €265,534 ▲ 29.9%
Debt €15,170 ▼ 38.6%
Debt's share of the balance-sheet total falls from 10.8% to 5.4%. Equity is higher and debt is lower.
Key figures and ratios
2026 value · change against 2025
EBITDA
€106,869▲
2025 · €75,264
Cash flow
€85,932▲
2025 · €61,232
Debt to equity
0.06▼
2025 · 0.12
ROE
23.0%▲
2025 · 19.1%
Interest coverage
over 100
2025 · over 100
Debt ≤ 1 year
€13,447▼
2025 · €16,160
Debt > 1 year
€1,723▼
2025 · €8,551
Income taxes
€20,673▲
2025 · €13,424
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 34,693 companies that looked in July 2024 the way this one looks now, 0.7% went bankrupt within 24 months and 95.3% are still going.

  • Micro
  • 10 to 20 years old
  • solvency 30% or more
  • a profit of 5% of the balance sheet or more
0.7% went bankrupt
3.9% stopped otherwise
95.3% still going

For this company itself Checked computes a bankruptcy probability of < 0.1% over twelve months; the group does not contradict it.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,445 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.

The companies in ten equal groups, from lowest to highest expected share.
Group Expected Actual
1 0.2% 0.2%
2 0.3% 0.5%
3 0.5% 0.6%
4 0.7% 0.8%
5 0.9% 0.9%
6 1.3% 1.5%
7 1.6% 1.8%
8 1.8% 1.8%
9 3.0% 3.1%
10 5.6% 6.2%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74.5% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.

An observation about 34,693 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.

Annual accounts
Filed annual accounts As filed with the NBB · 2026 against 2025 · 44 lines
Balance sheet Code20252026
Assets
Total assets20/58€229,148€280,704▲
Fixed assets21/28€132,141€119,120▼
Tangible fixed assets22/27€132,141€119,120▼
Land and buildings22€103,246€102,390▼
Plant, machinery and equipment23€2,830€2,053▼
Furniture and vehicles24€23,900€13,580▼
Other tangible fixed assets26€2,166€1,097▼
Current assets29/58€97,007€161,584▲
Amounts receivable within one year40/41€20,520€15,772▼
Trade receivables40€13,944€15,521▲
Other amounts receivable41€6,576€251▼
Cash at bank and in hand54/58€76,487€145,357▲
Deferred charges and accrued income490/1-€455
Equity and liabilities
Total equity and liabilities10/49€229,148€280,704▲
Equity10/15€204,437€265,534▲
Contributions10/11€18,600€18,600=
Reserves13€185,837€246,934▲
Distributable reserves133€185,837€246,934▲
Amounts payable17/49€24,711€15,170▼
Amounts payable after more than one year17€8,551€1,723▼
Financial debts170/4€8,551€1,723▼
Amounts payable within one year42/48€16,160€13,447▼
Current portion of amounts payable after more than one year42€6,725€6,828▲
Trade debts44€1,007€418▼
Suppliers440/4€1,007€418▼
Taxes, remuneration and social security45€2,340€673▼
Taxes450/3€2,340€673▼
Other amounts payable47/48€6,088€5,528▼
Income statement Code20252026
Non-recurring operating income76A€0-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€22,166€24,835▲
Other operating charges640/8€12,033€1,410▼
Gross operating margin9900€87,297€108,279▲
Operating profit (loss)9901€53,098€82,034▲
Financial income75/76B€4€2▼
Recurring financial income75€4€2▼
Financial charges65/66B€611€266▼
Recurring financial charges65€611€266▼
Profit (loss) for the period before taxes9903€52,491€81,770▲
Income taxes67/77€13,424€20,673▲
Profit (loss) for the period9904€39,066€61,097▲
Profit (loss) for the period to be appropriated9905€39,066€61,097▲
Appropriation of the result
Profit (loss) to be appropriated9906€39,066€61,097▲
Transfer to equity691/2€39,066€61,097▲
To other reserves6921€39,066€61,097▲

The notes to these accounts (17 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20192020202120222023202420252026Change
Non-recurring operating income76A-----€5,000€0--
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€4,761€4,749€4,708€5,550€11,023€18,782€22,166€24,835▲ 12.0%
Other operating charges640/8---€938€1,127€680€12,033€1,410▼ 88.3%
Gross operating margin9900€10,650€8,584€17,223€26,083€101,110€95,536€87,297€108,279▲ 24.0%
Operating profit (loss)9901€3,341€2,946€11,638€19,596€88,960€76,074€53,098€82,034▲ 54.5%
Financial income75/76B----€2,213€2€4€2▼ 47.0%
Recurring financial income75----€2,213€2€4€2▼ 47.0%
Financial charges65/66B---€48€502€459€611€266▼ 56.5%
Recurring financial charges65€239€179€76€48€502€459€611€266▼ 56.5%
Profit (loss) for the period before taxes9903€3,102€2,767€11,562€19,548€90,672€75,618€52,491€81,770▲ 55.8%
Income taxes67/77€36€1,032€2,197€6,256€23,323€18,960€13,424€20,673▲ 54.0%
Profit (loss) for the period9904€3,066€1,735€9,365€13,292€67,349€56,658€39,066€61,097▲ 56.4%
Profit (loss) for the period to be appropriated9905€3,066€1,735€9,365€13,292€67,349€56,658€39,066€61,097▲ 56.4%
Line20192020202120222023202420252026Change
Assets
Total assets20/58€29,802€23,376€25,826€39,773€142,308€189,365€229,148€280,704▲ 22.5%
Formation expenses20€0--------
Fixed assets21/28€15,726€10,977€8,269€4,531€62,234€47,335€132,141€119,120▼ 9.9%
Tangible fixed assets22/27€15,726€10,977€8,269€4,531€62,234€47,335€132,141€119,120▼ 9.9%
Land and buildings22------€103,246€102,390▼ 0.8%
Plant, machinery and equipment23-----€3,606€2,830€2,053▼ 27.4%
Furniture and vehicles24---€2,688€57,931€40,494€23,900€13,580▼ 43.2%
Other tangible fixed assets26---€1,843€4,303€3,234€2,166€1,097▼ 49.3%
Current assets29/58€14,076€12,399€17,557€35,242€80,074€142,030€97,007€161,584▲ 66.6%
Amounts receivable within one year40/41€2,723€3,599€6,779€9,864€31,078€32,296€20,520€15,772▼ 23.1%
Trade receivables40---€9,682€21,925€16,559€13,944€15,521▲ 11.3%
Other amounts receivable41---€182€9,152€15,737€6,576€251▼ 96.2%
Cash at bank and in hand54/58€11,354€8,800€10,778€25,378€48,996€109,734€76,487€145,357▲ 90.0%
Deferred charges and accrued income490/1-------€455-
Equity and liabilities
Total equity and liabilities10/49€29,802€23,376€25,826€39,773€142,308€189,365€229,148€280,704▲ 22.5%
Equity10/15€10,772€12,506€21,872€35,163€108,712€165,371€204,437€265,534▲ 29.9%
Contributions10/11€12,400€0-€12,400€18,600€18,600€18,600€18,600=
Reserves13-€106€9,472€22,763€90,112€146,771€185,837€246,934▲ 32.9%
Distributable reserves133---€22,763€90,112€146,771€185,837€246,934▲ 32.9%
Profit (loss) carried forward14-€1,628€0-------
Amounts payable17/49€19,031€10,869€3,954€4,610€33,595€23,994€24,711€15,170▼ 38.6%
Amounts payable after more than one year17€3,966€0--€21,899€15,275€8,551€1,723▼ 79.8%
Financial debts170/4----€21,899€15,275€8,551€1,723▼ 79.8%
Amounts payable within one year42/48€15,065€10,869€3,954€4,610€11,696€8,719€16,160€13,447▼ 16.8%
Current portion of amounts payable after more than one year42----€6,523€6,623€6,725€6,828▲ 1.5%
Trade debts44€444€409€531€86€27€1,493€1,007€418▼ 58.5%
Suppliers440/4---€86€27€1,493€1,007€418▼ 58.5%
Taxes, remuneration and social security45---€3,138€1,619€355€2,340€673▼ 71.3%
Taxes450/3---€3,138€1,619€355€2,340€673▼ 71.3%
Other amounts payable47/48---€1,386€3,527€247€6,088€5,528▼ 9.2%
Line20192020202120222023202420252026Change
Profit (loss) for the period9904€3,066€1,735€9,365€13,292€67,349€56,658€39,066€61,097▲ 56.4%
+ Depreciation and write-downs630€4,761€4,749€4,708€5,550€11,023€18,782€22,166€24,835▲ 12.0%
Operating cash flow (approximation)€7,827€6,484€14,073€18,841€78,373€75,440€61,232€85,932▲ 40.3%
Investment in fixed assets (approximation)-€0-€2,000-€1,812-€68,726-€3,883-€106,972-€11,814▲ 89.0%
Change in cash--€2,554€1,978€14,600€23,619€60,738-€33,247€68,870-

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

Download as CSV

Filings with the National Bank (9)
Financial year Type Filed Reference
31-03-2026 micro format 14-09-2026 2026-00511836
31-03-2025 micro format 28-10-2025 2025-00553064
31-03-2024 micro format 30-09-2024 2024-00478559
31-03-2023 micro format 06-10-2023 2023-00478843
31-03-2022 micro format 28-09-2022 2022-20437992
31-03-2021 micro format 28-10-2021 2021-74000571
31-03-2020 micro format 19-10-2020 2020-62700459
31-03-2019 micro format 19-09-2019 2019-65000037
31-03-2018 micro format 03-10-2018 2018-68400336

Similar companies · same sector, comparable size

Of the 450 active companies whose main activity is air transport (NACE 51100), figures are known for 174. 109 are within a factor 10 of this equity. These 5 are the closest to it. See the whole sector

Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.

Directors

Directors
1 director
Current
Derived from published Gazette deeds. The KBO keeps the official list of office holders; we do not read it, so the two can differ. See the directors and other office holders in the KBO →
Not every act has been read: a resignation may still be missing
2 of this company's 3 Belgian Official Gazette deeds have not been read yet. Appointments and resignations recorded in them are not yet in the list of directors: someone who resigned there may still be listed as sitting. The acts are in the Timeline.

Mandate history

1 person since 2023, 1 in office
Show
  • Board
  • began earlier
Mandates per person, with start and end dates
Name Functions and periods
Bauwens Kristof
  • Director, since before 25-04-2023
See the board, name and registered office on a given date →

Owners and capital

Capital and shareholders

Capital over the years
  1. 25-04-2023 Converted to unavailable equity

Group and network

Connections & network

1 current director
Depth

The network starts from this company’s directors. Other companies they run appear here as nodes.

This company Company Director Shareholding +N: links not shown yet Click a node to look further, drag to arrange, zoom with the mouse wheel.

History

On 25 May 2016, EXPLORE D was incorporated.1 Total assets went from €29,802 in 2019 to €280,704 in 2026.2

  1. 1KBO register
  2. 2National Bank, annual accounts 2019 and 2026

Acts, filings and financial milestones

Next filing, financial year 2027, expected by 31-10-2027
2026
14-09
NBB filing Annual accounts filed
financial year 2026 · micro format
31-03
Financial Liquidity doublescurrent ratio 12.02
Current ratio from 6.00 to 12.02; short-term debt falls from €16,160 to €13,447.
2025
28-10
NBB filing Annual accounts filed
financial year 2025 · micro format
31-03
Financial Equity above €200,000equity €204,437 ▲23.6%
A profit in every financial year since 2019 builds equity to €204,437.
2024
30-09
NBB filing Annual accounts filed
financial year 2024 · micro format
31-03
Financial Liquidity more than doubledcurrent ratio 16.29
Current ratio from 6.85 to 16.29; short-term debt falls from €11,696 to €8,719.
31-03
Financial Equity above €150,000equity €165,371 ▲52.1%
A profit in every financial year since 2019 builds equity to €165,371.
2023
06-10
NBB filing Annual accounts filed
financial year 2023 · micro format
25-04
Gazette deed Reappointment: Bauwens Kristof (director)
Capital conversion · Amendment of the articles · Power of attorney9 facts ▸
  • General meeting, 18-04-2023
  • Capital conversion, “statutair onbeschikbare eigen vermogensrekening” (deed in Dutch)
  • Amendment of the articles
  • Director reappointment, Bauwens Kristof (director)
  • Power of attorney
  • Other provision, “goedkeuring gecoördineerde tekst statuten, eenparigheid van stemmen” (deed in Dutch)
  • Other provision, “neerlegging gecoördineerde tekst met expeditie ter griffie bevoegde ondernemingsrechtbank” (deed in Dutch)
  • Power of attorney, Valerie Goeminne
  • Power of attorney, AB Partners
31-03
Financial Highest result from 2019 to 2026net €67,349 ▲407%
Operating result €88,960, net result €67,349, both a record.
31-03
Financial Equity above €100,000equity €108,712 ▲209%
A profit in every financial year since 2019 builds equity to €108,712.
2022
28-09
NBB filing Annual accounts filed
financial year 2022 · micro format
Show earlier events
2021
28-10
NBB filing Annual accounts filed
financial year 2021 · micro format
31-03
Financial Liquidity more than triplescurrent ratio 4.44
Current ratio from 1.14 to 4.44; short-term debt falls from €10,869 to €3,954.
2020
19-10
NBB filing Annual accounts filed
financial year 2020 · micro format
31-03
Financial Weakest financial yearnet €1,735 ▼43.4%
Net result drops to €1,735, the lowest in the series; recovery starts the following year.
2019
19-09
NBB filing Annual accounts filed
financial year 2019 · micro format
2018
03-10
NBB filing Annual accounts filed
financial year 2018 · micro format
Financial milestoneGazette deedNBB filingFinancial milestones sit on the financial year-end date, not the filing date.
1 of 3 deeds read
About the unread acts

Of the 3 Belgian Official Gazette deeds we know for this company, 1 has been read. The other 2 have not been read yet: what they contain is neither established nor disproved here.

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Register details

Identification
Legal formPrivate limited company
Founded25-05-2016
Financial year end31-03
Activities, NACEBEL 2025
51100Air transport
49320Non-scheduled passenger transport by road
E-invoicing
Reachable via Peppol
Peppol ID 0208:0654982305
Also 9925:BE0654982305
Registered 29-10-2025

If you follow this company, Checked tells you the day it leaves the Peppol register.

Register as of 29 October 2026 · Peppol Directory

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

Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.

Sites & property

Location & real-estate footprint
Registered office, Maarkedal · 1 establishment unit since 2016
registered office establishment The establishment unit on the map
Ground area
6,467 m²
Building footprint
191 m²
Building volume
1,070 m³
Parcel 45032C0966/00F000, Flanders · tallest building 7.8 m. Linked by address, not a title deed.
1 establishment unit
EXPLORE D
Terbeke 3, 9681 MaarkedalAir transport
since 2016unit no. 2.253.395.914
1 parcel
Flanders 1 (100%)
Cadastral parcel Region Area Buildings Height / floors
45032C0966/00F000 Flanders 6,467 m² 1 · 191 m² 7.8 m · 2
How the parcels are linked
Good to know
The parcel matches the address exactly.

Articles of association

What the company does

PurposeThe activities the company may carry out under its articles.
“Het verrichten van luchtvervoer,zowel voor eigen rekening als voor rekening van derden,zowel nationaal als internationaal. Het vervoer van…” (deed in Dutch)
31 activities (deed in Dutch)
  1. Het verrichten van luchtvervoer,zowel voor eigen rekening als voor rekening van derden,zowel nationaal als internationaal. Het vervoer van personen en goederen door de lucht al dan niet volgens een vaste dienstregeling. Het uitvoeren van rondvluchten en luchtdopen. De exploitatie van luchtvaarttuigen en luchtvaartterreinen. Het geven van vliegopleidingen en -instructies.
  2. Het verrichten van alle goederen- en vrachtbehandeling en alle vervoersondersteunende activiteiten; het verrichten van diensten inzake expeditie,opslag,…
  3. De uitbating van besteldiensten en koerierdiensten.
  4. De verhuur en lease van helikopters,vliegtuigen,motorvoertuigen en transportmiddelen,al dan niet met piloot of chauffeur; het verrichten van luchtvaart- en personenvervoer,de uitbating van taxidiensten en ceremoniebedrijven.
  5. In het algemeen alle transport- en vervoersactiviteiten en alle verwante en ondersteunende activiteiten en diensten. Het optreden als makelaar en commissionair inzake vervoer.
  6. Het uitbaten van een of meerdere garage- en carrosseriebedrijven.
  7. Het afstellen en reviseren van motoren; de installatie van onderdelen en accessoires in voertuigen,inclusief de ombouw- en uitbouwwerkzaamheden; in het algemeen het verrichten van alle onderhouds- en herstellingswerkzaamheden aan voertuigen en machines.
  8. Het aanbieden van diverse diensten op het vlak van vliegtuigen,helikopters,motorvoertuigen,garage- en carrosseriebedrijven,vervoer en mobiliteit.
  9. Consultancy en dienstverlening inzake commercieel,strategisch,financieel en administratief management; inzake informatie en communicatietechnologie (ICT); informatica en automatisering,computers en computersystemen,software inzake technisch management,productmanagement,inzake PR,publiciteit en marketing,inzake algemeen management,bedrijfsvoering en beheer.
  10. Het uitvoeren van alle elektriciteitswerken aan gebouwen en aan installaties; de plaatsing van elektrische en elektrotechnische installaties,elektrische bedrading,databekabeling,verlichting en verlichtingsarmaturen; in het algemeen het verrichten van alle aannemingen m.b.t elektriciteit en aanverwante werkzaamheden,zowel voor nieuwbouw als renovatie; het plaatsen van zonnepanelen en installaties op zonne-energie; het plaatsen en toepassen van diverse milieuvriendelijke technieken en installaties; het plaatsen van installaties voor verwarming,klimaatregeling en ventilatie; het plaatsen van alarm- en beveiligingsinstallaties,installaties voor telefonie,parlofonie,videofonie,toegangscontrole,domotica en automatisering; het plaatsen van diverse technische en industriële installaties; het plaatsen van sloten,brandkasten,brandwerende deuren; het plaatsen van lichtreclames; het plaatsen van bedrading en bekabeling voor computers,netwerken.
  11. Het uitvoeren van isolatiewerken en diverse bouwinstallaties; klusjesdienst.
  12. De vervaardiging,het onderhoud en de herstelling van producten van metaal,machines in het algemeen en metalen werkstukken door toepassing van diverse technieken.
  13. Onderhouds- en herstellingswerken van mechanische aard voor rekening van derden.
  14. In het algemeen het uitvoeren van alle activiteiten behorende tot de sectoren bouw,metaal,kunststof en elektriciteit,al dan niet in coördinatie met onderaannemers,omvattende (niet-limitatief) alle werkzaamheden en activiteiten gaande van de voorbereidingswerken tot de volledige afwerking en binneninrichting; omvat tevens alle onderhoudswerken,renovatie- en herstellingswerken; het uitvoeren van algemene en bijzondere aannemingen,in coördinatie met onderaannemers.
  15. Het verrichten van alle tuinaannemingen; het ontwerpen,aanleggen en onderhouden van tuinen,parken,sportvelden,diverse groenzones; het uitvoeren van alle beplantingen en groenvoorzieningen; het uitvoeren van maai- en snoeiwerken,sproeiwerken,onderhoud van wegen en bermen; het zoutstrooien,sneeuwruimen en de gladheidbestrijding.
  16. Het plaatsen van afsluitingen en omheiningen in diverse materialen; metaalconstructie; plaatsen van carports,tuinhuizen,diverse constructies in diverse materialen;
  17. Het begeleiden,organiseren en verzorgen van trainingen,opleidingen en leerbegeleiding.
  18. Het geven van seminaries en presentaties. Het schrijven,verzorgen,begeleiden en uitgeven van literaire werken en bijdragen,handboeken,van diverse bijdragen in diverse vormen.
  19. Projectmanagement en totaalbegeleiding voor voormelde activiteiten evenals alle ondersteunende en aanverwante dienstverlening; concept-analyse en problemsolving voor diverse toepassingen.
  20. Het verlenen van diverse administratieve ondersteuning,diverse zakelijke dienstverlening.
  21. De groot- en kleinhandel,import en export,handelsbemiddeling in elektrische installaties- en toestellen,informatica- en communicatiesystemen met hun toebehoren,in nieuwe en tweedehandse rijwielen,motorrijwielen,autovoertuigen,motorvoertuigen,luchtvaartuigen,helikopters en voertuigen in het algemeen; onderdelen en wisselstukken,banden,oliën,smeermiddelen,brandstoffen,onderhoudsproducten,accessoires en toebehoren in fabricaten en halffabricaten,grondstoffen,afvalstoffen,loten van falingen,tweedehandse goederen en diverse consumentenartikelen,in het algemeen van alle producten en artikelen die verband houden met onderhavig voorwerp.
  22. Het verrichten van alle handelsbemiddeling,het optreden als agent en zelfstandig vertegenwoordiger in diverse sectoren en voor diverse producten en diensten.
  23. De uitbouw van een of meerdere organisaties inzake verkoop en dienstverlening; verkoop en dienstverlening via internet en via diverse kanalen.
  24. Het ontwikkelen,kopen,verkopen,beheren,in waarde stellen,in licentie nemen of geven van licenties,brevetten,octrooien,know-how en andere intellectuele rechten.
  25. Daartoe kan de vennootschap samenwerken met,op gelijk welke wijze -rechtstreeks of zijdelings- deelnemen aan of belangen nemen in ondernemingen van allerlei aard. Zij kan alle verbintenissen aangaan,kredieten en leningen aangaan of toestaan,en ze kan zich voor derden borgstellen,onder meer door haar goederen in hypotheek of in pand te geven,inclusief de eigen handelszaak. Kortom,zij mag alles doen wat verband houdt met bovengenoemd voorwerp,of wat van aard is de verwezenlijking ervan te bevorderen.
  26. Het verwerven en beheren voor eigen rekening van een onroerend patrimonium; het stellen van alle verrichtingen met betrekking tot onroerende goederen en onroerende zakelijke rechten zoals de huurfinanciering van onroerende goederen aan derden,het aankopen,verkopen,ruilen,bouwen,verbouwen,onderhouden,verhuren,huren,verkavelen,prospecteren en uitbaten van onroerende goederen; het optreden als bouwpromotor; projectontwikkeling en handel in onroerend goed; het ontwerpen en realiseren van diverse vastgoedprojecten; De activiteit van vastgoedmakelaar en bemiddeling in vastgoed voor rekening van derden,op voorwaarde van het bekomen van een inschrijving bij het BIV of andere bevoegde instanties.
  27. Het verwerven en beheren voor eigen rekening van een roerend patrimonium; het stellen van alle verrichtingen met betrekking tot roerende goederen en rechten,van welke aard ook,zoals het verwerven door inschrijving of aankoop en het beheren van aandelen,obligaties,kasbons of andere roerende waarden,van welke vorm ook,van Belgische of buitenlandse,bestaande of nog op te richten rechtspersonen en ondernemingen.
  28. De vennootschap kan in het algemeen alle burgerlijke,commerciële,industriële,financiële,roerende of onroerende handelingen verrichten in rechtstreeks of onrechtstreeks verband met haar voorwerp of welke van aard zouden zijn de verwezenlijking ervan geheel of gedeeltelijk te vergemakkelijken.
  29. Het uitoefenen van de functies van bestuurder,zaakvoerder,directeur of vereffenaar van andere vennootschappen. Het optreden als managementvennootschap en het beheren van vennootschappen,het optreden als holding en het instaan voor alle managementactiviteiten van holdings; het deelnemen,onder gelijk welke vorm,aan de oprichting,uitbreiding,omzetting,fusie,opslorping,het bestuur en de controle van ondernemingen.
  30. De vennootschap mag betrokken zijn bij wijze van inbreng,fusie,inschrijving of op elke andere wijze in ondernemingen,verenigingen of vennootschappen,die een gelijkaardig,soortgelijk of samenhangend voorwerp hebben of die nuttig zijn voor de verwezenlijking van het geheel of een gedeelte van haar voorwerp. De vennootschap kan onder eender welke vorm participaties verwerven en/of aanhouden in bestaande of nog op te richten maatschappijen. Zij kan deze participaties beheren,te gelde maken en valoriseren,onder meer door deel te nemen aan het bestuur van de onderneming(en) waarin zij participeert en door ze bijstand te verlenen.
  31. De vennootschap kan leningen en kredietopeningen toestaan aan rechtspersonen,ondernemingen en particulieren,in eender welke vorm. De vennootschap kan zich,zowel tot waarborg van eigen verbintenissen als tot waarborg van verbintenissen van derden,borg stellen,tevens kan zij hypothecaire of andere zekerheden verstrekken.

The full purpose is in the deed

DurationHow long the company exists; usually unlimited, so until it is dissolved.
Unlimited
Name clauseThe name the company operates under according to its articles.
EXPLORE D
Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
“9681 Maarkedal (Nukerke),Terbeke 3, EERSTE BESLISSING-ZETEL BUITEN DE STATUTEN” (deed in Dutch)
1 more provision on this in the deed

deed of 25-04-2023

Who represents it, and how

Who signsWho may bind the company towards others, for example by signing a contract.
“Externe vertegenwoordiging Iedere bestuurder vertegenwoordigt de vennootschap jegens derden en in rechte als eiser of als verweerder. Alle…”
Board ruleHow the board is made up, meets and takes decisions.
“Met of zonder beperking van duur, natuurlijke personen of rechtspersonen, al dan niet aandeelhouder” (deed in Dutch)

deed of 25-04-2023

Capital, shares and profit

Kind of sharesWhich classes of shares exist and what rights each class carries.
“Op naam, register van aandelen op naam” (deed in Dutch)

deed of 25-04-2023

Meetings and financial year

Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
Second Friday of September at 09:00

deed of 25-04-2023

Oversight and winding up

Dissolution ruleWhen and by whom the company can be dissolved.
“In vormen vereist voor statutenwijziging, op elk moment ontbindbaar door beslissing algemene vergadering” (deed in Dutch)
Liquidation ruleHow assets are shared after dissolution: creditors first, then shareholders.
One provision in the deed

deed of 25-04-2023

Other provisionsOther rules from the articles that fall under none of the themes above.

Other provision: “Inbrengen, 100” (deed in Dutch)
Other provision: “Ondeelbaarheid van de aandelen” (deed in Dutch)
Other provision: “Bevoegdheden bestuursorgaan, behalve wet of statuten aan algemene vergadering voorbehouden” (deed in Dutch)
Other provision: “Oproeping algemene vergadering, oproepingen vermelden agenda” (deed in Dutch)
Other provision: “Bestemming winst-reserves, algemene vergadering op voorstel bestuursorgaan” (deed in Dutch)
4 more provisions in the deed, see the deed of 25-04-2023

deed of 25-04-2023