FLIGHTWATCH
ActiveFLIGHTWATCH has been active since 2016 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €379k and a net result of €180k. Equity is growing by ~14.9% per year across the filed fiscal years. Its solvency ranks better than 51% of 719 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.9% (low).
Checked score
Score 2025
75
/ 100
Excellent
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability91▲+3
Solvency63▲+10
Growth52=
Track record100
Bankruptcy probability, 12 months
0.9%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €25k at 30 days acceptable
Liquidity ample (current ratio 1.81 against 1.5 in 2024; short-term debt: 53.9% and cash: 44.4% of total assets), but 62.4% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 52
Relative position
BE, all sectors
reference
Sector 52
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 2025Solvency, return and age of the figures
Solvency
37.6%
Return on assets
17.8%
Age of the figures
18 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2025 was due by 31-10-2025 and was filed on 31-10-2025, 0 days ahead of the deadline.
NBB · 8 filingsDeviation from the deadline
2025
on the day
2024
15 d early
2023
4 d early
2022
3 d early
2021
4 d early
2020
2 d early
2019
on the day
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-03-2026 and is due by 31-10-2026. Nothing is late today.
Companies Code · seven monthsPosition in the running window
31-03-2026 close20-09-2026 today31-10-2026 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€379k▲ 15.8%
2024 · €327k
2019: €187k
2020: €187k
2021: €207k
2022: €231k
2023: €326k
2024: €327k
2019 → 2025
Total assets
€1.01M▼ 14.1%
2024 · €1.17M
2019: €1.08M
2020: €826k
2021: €1.07M
2022: €869k
2023: €1.28M
2024: €1.17M
2019 → 2025
Net result
€180k▲ 1.7%
2024 · €177k
2019: €217k
2020: €1k
2021: €136k
2022: €106k
2023: €160k
2024: €177k
2019 → 2025
Working capital
€441k▲ 16.8%
2024 · €378k
2019: €169k
2020: €221k
2021: €372k
2022: €308k
2023: €397k
2024: €378k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€207k-€231k▲ 11.6%€326k▲ 40.9%€327k▲ 0.5%€379k▲ 15.8%
Operating result€188k-€143k▼ 24.1%€221k▲ 55.3%€220k▼ 0.5%€236k▲ 7.1%
Net result€136k-€106k▼ 22.2%€160k▲ 50.6%€177k▲ 10.8%€180k▲ 1.7%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 7% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.01M
Fixed assets
€24k▼ 33.3%
Current assets
€985k▼ 13.5%
Equity and liabilities €1.01M
Equity
€379k▲ 15.8%
Provisions
€85k=
Debt
€544k▼ 28.5%
The debt ratio falls from 64.9% to 54.0%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€246k▲
2024 · €225k
Cash flow
€190k▲
2024 · €182k
Solvency
37.6%▲
2024 · 27.9%
Current ratio
1.81▲
2024 · 1.50
Quick ratio
1.81▲
2024 · 1.50
Debt / equity
1.44▼
2024 · 2.32
ROE
47.5%▼
2024 · 54.1%
ROA
17.8%▲
2024 · 15.1%
Interest coverage
182.63▲
2024 · 107.39
Debt
€544k▼
2024 · €761k
Debt ≤ 1 year
€543k▼
2024 · €760k
Income taxes
€61k▲
2024 · €42k
Staff costs
€103k▼
2024 · €147k
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€1.17M€1.01M▼
Fixed assets21/28€36k€24k▼
Tangible fixed assets22/27€32k€21k▼
Furniture and vehicles24€32k€21k▼
Financial fixed assets28€5k€3k▼
Current assets29/58€1.14M€985k▼
Amounts receivable within one year40/41€503k€511k▲
Trade receivables40€470k€494k▲
Other amounts receivable41€33k€18k▼
Current investments50/53€125k€0▼
Cash at bank and in hand54/58€503k€448k▼
Deferred charges and accrued income490/1€7k€25k▲
Equity and liabilities
Total equity and liabilities10/49€1.17M€1.01M▼
Equity10/15€327k€379k▲
Contributions10/11€19k€19k=
Reserves13€309k€361k▲
Non-distributable reserves130/1€0-
Reserves not available under the articles1311€0-
Tax-exempt reserves132€186k€178k▼
Distributable reserves133€123k€182k▲
Profit (loss) carried forward14€0€0=
Provisions and deferred taxes16€85k€85k=
Provisions for liabilities and charges160/5€85k€85k=
Other liabilities and charges164/5€85k€85k=
Amounts payable17/49€761k€544k▼
Amounts payable within one year42/48€760k€543k▼
Trade debts44€570k€493k▼
Suppliers440/4€570k€493k▼
Taxes, remuneration and social security45€15k€19k▲
Taxes450/3€0€6k▲
Remuneration and social security454/9€15k€13k▼
Other amounts payable47/48€176k€31k▼
Accrued charges and deferred income492/3€1k€876▼
Income statement
Code20242025
Remuneration, social security and pensions62€147k€103k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€5k€10k▲
Provisions for liabilities and charges: additions (uses and reversals)635/8€0-
Other operating charges640/8€3k€3k▲
Gross operating margin9900€376k€352k▼
Operating profit (loss)9901€220k€236k▲
Financial income75/76B€732€7k▲
Recurring financial income75€732€7k▲
Financial charges65/66B€2k€1k▼
Recurring financial charges65€2k€1k▼
Profit (loss) for the period before taxes9903€219k€241k▲
Income taxes67/77€42k€61k▲
Profit (loss) for the period9904€177k€180k▲
Transfer from tax-exempt reserves789€0€23k▲
Transfer to tax-exempt reserves689€0€15k▲
Profit (loss) for the period to be appropriated9905€177k€188k▲
Appropriation of the result
Profit (loss) to be appropriated9906€177k€188k▲
Transfer from equity791/2€0€117k▲
Transfer to equity691/2€2k€177k▲
To other reserves6921€2k€177k▲
Profit to be distributed694/7€175k€128k▼
Return on contributions (dividend)694€110k€117k▲
Directors or managers695€60k€0▼
Employees696€5k€11k▲
Social balance
Average headcount (FTE)90872.71.8▼
The notes to these accounts (11 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
2025
31-10
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2024
16-10
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2023
27-10
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2022
28-10
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2021
27-10
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
31-03
Financial
Equity above €200kEq €207k ▲11%
3 profitable years in a row build equity to €207k.
2020
29-10
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
31-03
Financial
Weakest financial yearnet €1k ▼99.3%
Net result drops to €1k, the lowest in the series; recovery starts the following year.
2019
31-10
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2018
26-10
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
5 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, Jabbeke · 1 establishment unit since 2016
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.
Willemijnenweg 528490 JabbekeGround area
812 m²
Building footprint
255 m²
Volume, LiDAR
1,659 m³
2 parcels, Flanders · tallest building 12.1 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Flightwatch
since 20162.255.006.807
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 31041B0588/00Z000 | Flanders | 635 m² | 1 · 102 m² | 8.1 m · 2 fl. |
| 35384A0157/07D003indicative | Flanders | 177 m² | 1 · 153 m² | 12.1 m · 3 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
1 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2023 to 2025 · 2 entries · 4,616 EUR awarded · 4,616 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 4,196 EUR | 4,196 EUR |
| 2023 | 1 | 420 EUR | 420 EUR |
Schemes
Subsidies voor internationaal ondernemen
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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TRAILER VERHUUR BELGIE
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Antwerpen · Eq €377k
Of 3,191 companies in sector 52250 we hold annual accounts for 1,956. 1,430 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded18-05-2016
Fiscal year end31-03
Activities, NACEBEL
51210Air transport
52250Logistics services
52290Warehousing and support activities for transportation
Sources
Crossroads Bank for EnterprisesNational Bank · 8 filingsAddress and cadastre registers
Data from official sources, last processed on 20-09-2026. Scores and ratios are computed by Checked and are not a credit decision.