IcAiruS
ActiveIcAiruS has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (€-14k) and a net result of €-1k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 21% of 139 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.3% (low).
Checked score
Score 2025
44
/ 100
Weak
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Negative equity caps the score. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability62▼-10
Solvency0=
Growth32=
Track record100
Bankruptcy probability, 12 months
1.3%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.37 against 0.36 in 2024; short-term debt: 149.4% and cash: 42.8% of total assets), and equity is negative.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
-49.4%
Return on assets
-5.1%
Age of the figures
18 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 51
Relative position
BE, all sectors
reference
Sector 51
higher
← fewer bankruptcies
more bankruptcies →
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
19202122232425
2019 to 2025 · latest year €-14k
neutral · Filed after the deadline
The financial year that closed on 31-03-2025 was due by 31-10-2025 and was filed on 25-11-2025, 25 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 · 7 filingsDeviation from the deadline
2025
25 d late
2024
1 d early
2023
on the day
2022
3 d late
2021
4 d late
2020
12 d late
2019
3 d early
← 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 close18-09-2026 today31-10-2026 deadline
Financials · fiscal year 2025, micro schema
Equity
€-14k▼ 11.4%
2024 · €-13k
2019: €24k
2020: €15k
2021: €-498
2022: €-6k
2023: €-13k
2024: €-13k
2019 → 2025
Total assets
€29k▼ 18.9%
2024 · €35k
2019: €43k
2020: €17k
2021: €19k
2022: €10k
2023: €12k
2024: €35k
2019 → 2025
Net result
€-1k
2024 · €809
2019: €18k
2020: €-9k
2021: €-16k
2022: €-5k
2023: €-8k
2024: €809
2019 → 2025
Working capital
€-27k▲ 12.9%
2024 · €-31k
2019: €17k
2020: €10k
2021: €-4k
2022: €-8k
2023: €-15k
2024: €-31k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€-498-€-6k▼ 1,008%€-13k▼ 144%€-13k▲ 6.0%€-14k▼ 11.4%
Operating result€-14k-€-4k▲ 67.8%€-7k▼ 55.3%€3k€433▼ 85.4%
Net result€-16k-€-5k▲ 68.2%€-8k▼ 58.8%€809€-1k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 85% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €29k
Fixed assets
€13k▼ 30.0%
Current assets
€16k▼ 7.2%
Key figures and ratios
EBITDA
€6k▼
2024 · €7k
Cash flow
€4k▼
2024 · €5k
Solvency
-49.4%▼
2024 · -36.0%
Current ratio
0.37▲
2024 · 0.36
Quick ratio
0.37▲
2024 · 0.36
Debt / equity
-3.02▲
2024 · -3.78
ROA
-5.1%▼
2024 · 2.3%
Interest coverage
223.13▲
2024 · 38.89
Debt
€43k▼
2024 · €48k
Debt ≤ 1 year
€43k▼
2024 · €48k
Income taxes
€2k▼
2024 · €2k
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€35k€29k▼
Fixed assets21/28€18k€13k▼
Tangible fixed assets22/27€18k€13k▼
Furniture and vehicles24€18k€13k▼
Current assets29/58€17k€16k▼
Amounts receivable within one year40/41€4k€3k▼
Trade receivables40€4k€2k▼
Other amounts receivable41€229€334▲
Cash at bank and in hand54/58€12k€12k▲
Deferred charges and accrued income490/1€1k€957▼
Equity and liabilities
Total equity and liabilities10/49€35k€29k▼
Equity10/15€-13k€-14k▼
Contributions10/11€6k€6k=
Reserves13€18k€18k=
Distributable reserves133€18k€18k=
Profit (loss) carried forward14€-37k€-38k▼
Amounts payable17/49€48k€43k▼
Amounts payable within one year42/48€48k€43k▼
Trade debts44€128€2k▲
Suppliers440/4€128€2k▲
Taxes, remuneration and social security45€6k€4k▼
Taxes450/3€6k€4k▼
Other amounts payable47/48€42k€37k▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€4k€5k▲
Other operating charges640/8€3k€2k▼
Gross operating margin9900€9k€8k▼
Operating profit (loss)9901€3k€433▼
Financial income75/76B€1€0▼
Recurring financial income75€1€0▼
Financial charges65/66B€176€26▼
Recurring financial charges65€176€26▼
Profit (loss) for the period before taxes9903€3k€407▼
Income taxes67/77€2k€2k▼
Profit (loss) for the period9904€809€-1k▼
Profit (loss) for the period to be appropriated9905€809€-1k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-37k€-38k▼
Profit (loss) brought forward from the previous period14P€-38k€-37k▲
The notes to these accounts (6 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
25-11
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 25 days late
2024
30-10
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
31-03
Financial
Back to profitnet €809
Net result €809 after 4 loss-making years.
2023
31-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2022
03-11
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 3 days late
2021
04-11
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 4 days late
31-03
Financial
Weakest financial yearnet €-16k
Net result drops to €-16k, the lowest in the series; recovery starts the following year.
2020
12-11
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 12 days late
31-03
Financial
Liquidity triplescurrent ratio 6.18
Current ratio from 1.91 to 6.18; short-term debt falls from €19k to €2k.
2019
28-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 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, Brugge · 1 establishment unit since 2018
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.
Vrijheidsstraat 208310 BruggeGround area
391 m²
Building footprint
118 m²
Volume, LiDAR
806 m³
Parcel 31434C0024/00F010, Flanders · tallest building 11.5 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
IcAiruS
since 20182.272.070.887
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 31434C0024/00F010 | Flanders | 391 m² | 1 · 117 m² | 11.5 m · 2 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.
Recognitions · licences · registrations
Parcel delivery
Notified to the BIPT
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Of 453 companies in sector 51100 we hold annual accounts for 170. 99 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded16-01-2018
Fiscal year end31-03
Activities, NACEBEL
51100Air transport
82990Other business support services
Sources
Crossroads Bank for EnterprisesNational Bank · 7 filingsAddress and cadastre registers
Data from official sources, last processed on 17-09-2026. Scores and ratios are computed by Checked and are not a credit decision.