FLIGHT SCHOOL PROMOTION
The computed 12-month bankruptcy probability of FLIGHT SCHOOL PROMOTION is 0.4% (very low). The 2024 annual accounts show equity of €63k and a net result of €-7k. Equity is shrinking by ~29.2% per year across the filed fiscal years. Its solvency ranks better than 35% of 49 sector peers (fiscal year 2024). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.
| Equity | €63k |
| Net result | €-7k |
| Better than sector | 35% |
| Active | 5 yrs |
Fragile profile, watch profitability in particular.
All 5 axes are computed from data Checked has read.
Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?
The full score breakdown, per-year score history and the indicative credit limit are in Kantoor S.
See plans →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).
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 19.8% | 39.1% | |
| Net result | €-7k | €493 | |
| Equity | €63k | €330k | |
| Gross operating margin | €13k | €494k | |
| Total assets | €317k | €910k |
Show 9 other metrics
| Fiscal year | 2024 |
|---|---|
| Deposit | volledig |
| Revenue | - |
| EBITDA | €13k |
| Net profit | €-7k |
| Cash flow | €9k |
| Staff costs | - |
| Income taxes | - |
| Dividends | - |
| Total assets | €317k |
| Equity | €63k |
| Debt | €254k |
| of which ≤ 1y | €118k |
| of which > 1y | €137k |
| Working capital | €-53k |
| Employees (FTE) | - |
| 2024 | |
|---|---|
| Current ratio | 0.55 |
| Quick ratio | 0.55 |
| Working capital ratio | -16.6% |
| Solvency | 19.8% |
| Debt / equity | 4.06 |
| Long-term debt ratio | 2.18 |
| Interest coverage | 3.38 |
| Gross margin | - |
| Net margin | - |
| ROA | -2.1% |
| ROE | -10.6% |
| EBITDA margin | - |
| Days sales outstanding | - |
| Days payable outstanding | - |
| Inventory turnover | - |
| Days inventory (DSI) | - |
Full annual accounts (23 line items)
| Line item | Code | 2024 |
|---|---|---|
| Balance sheet, Assets | ||
| TOTAL ASSETS | 20/58 | €317k |
| Fixed assets | 21/28 | €252k |
| Tangible fixed assets | 22/27 | €248k |
| Financial fixed assets | 28 | €4k |
| Current assets | 29/58 | €65k |
| Amounts receivable within one year | 40/41 | €875 |
| Cash & bank | 54/58 | €52k |
| Balance sheet, Equity & liabilities | ||
| TOTAL EQUITY & LIABILITIES | 10/49 | €317k |
| Equity | 10/15 | €63k |
| Contributions / capital | 10/11 | €100k |
| Reserves | 13 | €3k |
| Accumulated profits (losses) | 14 | €-40k |
| Amounts payable | 17/49 | €254k |
| Amounts payable after one year | 17 | €137k |
| Amounts payable within one year | 42/48 | €118k |
| Trade debts payable within one year | 44 | €94k |
| Income statement | ||
| Gross operating margin | 9900 | €13k |
| Operating result | 9901 | €-3k |
| Financial income | 75 | €0 |
| Financial charges | 65 | €4k |
| Result before taxes | 9903 | €-7k |
| Net result for the period | 9904 | €-7k |
| Result to be appropriated | 9905 | €-7k |
Former directors (3)
-
DECORECYLegal entityDirector· perm. rep.: S.A. ARDENNE RAILSState Gazette act 22061926 (23-05-2022)Former29-04-2022 → 06-11-2023
2 events
- 06-11-2023 Resigned· Director
- 29-04-2022 Appointed· Director
-
GEHLEN IMMOLegal entityDirector· perm. rep.: SRL GEHLEN MANAGEMENTState Gazette act 22061926 (23-05-2022)Former29-04-2022 → 06-11-2023
2 events
- 06-11-2023 Resigned· Director
- 29-04-2022 Appointed· Director
-
GEHLEN MANAGEMENTLegal entityDirector· perm. rep.: Mr Roger GEHLENState Gazette act 22061926 (23-05-2022)Former29-04-2022 → 06-11-2023
2 events
- 06-11-2023 Resigned· Director
- 29-04-2022 Appointed· Director
| NACE primary | Vlieg- en vaaronderricht(85532) |
| Legal form | Private limited company(610) |
| Incorporation | 09-07-2021 |
| Status | Active |
| Postal code | 4900 |
Show 2 more network connections
Each band states what its claims rest on. A board seat is influence over the board, not ownership. Court mandates (receiver, interim administrator) and liquidation mandates do not link companies and are therefore absent here; they belong under Directors & mandates.
Parcels 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.
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 63072I0030/00R003 | Wallonia | 39.3 ha | 1 · 305 m² | 4.8 m · 1 fl. |
A single timeline of everything that happened to this company, publications, insolvency and lifecycle events, administrative changes and filed annual accounts.
We know of 4 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
27-11-2025 2 resigning
- SRL SKYDIVING PROMOTION, Bestuurder
- BV SKYDIVING PROMOTION, Gedelegeerd bestuurder
Technical details
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"effective_date": "2025-09-11",
"evidence_quote": "L\u0027assembl\u00E9e g\u00E9n\u00E9rale d\u00E9cide de la r\u00E9vocation de SRL SKYDIVING PROMOTION, ayant son si\u00E8ge \u00E0 4900 Spa, Route de la Sauveni\u00E8re 122, comme administrateur non statutaire, et ce \u00E0 compter du 11/09/2025. L\u0027assembl\u00E9e g\u00E9n\u00E9rale donne d\u00E9charge \u00E0 cette personne pour l\u0027exercice de son mandat.",
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],
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}
}23-01-2024 3 resigning
- S.A. ARDENNE RAILS, Bestuurder
- SRL GEHLEN MANAGEMENT, Bestuurder
- Mr Roger GEHLEN, Bestuurder
Technical details
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"name": "S.A. DECORECY",
"address": null,
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},
"effective_date": "2023-11-06",
"evidence_quote": "La S.A. DECORECY, Chemin de Xh\u00E9norie 11, 4821 DISON-ANDRIMONT (TVA: BE 0891.059.915), repr\u00E9sent\u00E9e par son administrateur d\u00E9l\u00E9gu\u00E9, la S.A. ARDENNE RAILS, repr\u00E9sent\u00E9e par Mr Eddy JOENEN pr\u00E9sente sa d\u00E9mission de son mandat d\u0027administrateur avec effet au 06/11/2023. A l\u0027unanimit\u00E9, l\u0027assembl\u00E9e g\u00E9n\u00E9rale p"
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"name": "SRL GEHLEN MANAGEMENT",
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"via_org": {
"kbo": "0406267078",
"name": "S.A. GEHLEN IMMO",
"address": null,
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"effective_date": "2023-11-06",
"evidence_quote": "La S.A. GEHLEN IMMO, Rue du Bosquet 3, 4890 THIMISTER-CLERMONT (TVA: BE 0406.267.078), repr\u00E9sent\u00E9e par son administrateur d\u00E9l\u00E9gu\u00E9, la SRL GEHLEN MANAGEMENT, repr\u00E9sent\u00E9e par Mr Roger GEHLEN pr\u00E9sente sa d\u00E9mission de son mandat d\u0027administrateur avec effet au 06/11/2023. A l\u0027unanimit\u00E9, l\u0027assembl\u00E9e g\u00E9n\u00E9r"
},
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"name": "SRL GEHLEN MANAGEMENT",
"address": null,
"country": null,
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},
"effective_date": "2023-11-06",
"evidence_quote": "La SRL GEHLEN MANAGEMENT, Avenue Monbijou 34 G, 4960 MALMEDY (TVA: BE 0899.433.290), repr\u00E9sent\u00E9e par Mr Roger GEHLEN pr\u00E9sente sa d\u00E9mission de son mandat d\u0027administrateur avec effet au 06/11/2023. A l\u0027unanimit\u00E9, l\u0027assembl\u00E9e g\u00E9n\u00E9rale prend acte de cette d\u00E9mission avec effet au 06/11/2023."
}
],
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}
}23-05-2022 3 directors appointed, 1 resigning
- Roger GEHLEN, Bestuurder
- Laurent GOBLET, Bestuurder
- Eddy JOENEN, Bestuurder
- SRL SPA AIR SERVICE, Bestuurder
Technical details
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"events": [
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"kind": "director_out",
"role": "bestuurder",
"person": {
"rrn": null,
"name": "SRL SPA AIR SERVICE",
"address": null,
"birth_date": null
},
"effective_date": "2022-04-29",
"evidence_quote": "La SRL SPA AIR SERVICE (N\u00B0 BCE 0548.952.494), repr\u00E9sent\u00E9e par Monsieur Yves LEGRAIN, n\u0027est plus administrateur, du fait de la mise en faillite de cette soci\u00E9t\u00E9."
},
{
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"name": "SRL GEHLEN MANAGEMENT",
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},
"effective_date": "2022-04-29",
"evidence_quote": "La SRL GEHLEN MANAGEMENT (N\u00B0 BCE 0899.433.290), repr\u00E9sent\u00E9e par Monsieur Roger GEHLEN;"
},
{
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"person": {
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"name": "Laurent GOBLET",
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"kbo": "0406267078",
"name": "SA GEHLEN IMMO",
"address": null,
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},
"effective_date": "2022-04-29",
"evidence_quote": "La SA GEHLEN IM\u041CO (N\u00B0 BCE 0406.267.078), repr\u00E9sent\u00E9e par Monsieur Laurent GOBLET;"
},
{
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"name": "Eddy JOENEN",
"address": null,
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"via_org": {
"kbo": "0891059915",
"name": "SA DECORECY",
"address": null,
"country": null,
"legal_form": null
},
"effective_date": "2022-04-29",
"evidence_quote": "La SA DECORECY (N\u00B0 BCE 0891.059.915), repr\u00E9sent\u00E9e par Monsieur Eddy JOENEN."
}
],
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"subject_company": {
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"name_full": "FLIGHT SCHOOL PROMOTION",
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}
}13-07-2021 Incorporation of a new SRL
Technical details
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"founders": [
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"share_class": "A",
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"holder_org_kbo": "0548.952.494",
"holder_org_name": "SPA AIR SERVICE",
"contribution_type": "cash",
"amount_paid_in_eur": 60000,
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"is_subscriber_only": true,
"n_shares_subscribed": 60,
"amount_subscribed_eur": 60000,
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{
"org": {
"kbo": "0443.797.764",
"name": "SKYDIVING PROMOTION"
},
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{
"org": {
"kbo": "0749.663.015",
"name": "AERO-PRO"
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}
],
"capital_eur": 100000,
"subject_company": {
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},
"initial_directors": [],
"incorporation_date": "2021-07-09",
"post_incorporation_mandates": []
}| Legal nameFR | FLIGHT SCHOOL PROMOTION |
| AbbreviationFR | FSP |