Just Air
ActiveSummary
The computed 12-month bankruptcy probability of Just Air is 1.6% (moderate). The annual accounts of Just Air for fiscal year 2025 show a net loss of 77% of the equity at the start of that year. The 2025 annual accounts show equity of €51k and a net result of €-170k. Equity is shrinking by ~6.7% per year across the filed fiscal years. Its solvency ranks better than 14% of 8001 sector peers (fiscal year 2025). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
31
/ 100
Weak
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability0▼-55
Solvency29▼-15
Growth32▼-46
Track record94
Bankruptcy probability, 12 months
1.6%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €1.5k at 30 days only on tighter terms
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity short (current ratio 0.36 against 0.41 in 2024; short-term debt: 83.9% and cash: 12.3% of total assets), and 95.6% 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.
+raises risk○neutral
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 · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Sector 46
higher
← fewer bankruptcies
more bankruptcies →
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
4.4%
Return on assets
-14.7%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 14% of 8001 sector peers (2025).
NBB · sector comparisonPosition among 8001 sector peers
Solvency
better than 14%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 03-07-2026, 28 days ahead of the deadline.
NBB · 4 filingsDeviation from the deadline
2025
28 d early
2024
25 d late
2023
26 d late
2022
31 d late
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
24-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€51k▼ 76.8%
2024 · €221k
2022: €159k
2023: €210k
2024: €221k
2022 → 2025
Total assets
€1.16M▼ 1.0%
2024 · €1.17M
2022: €1.95M
2023: €1.57M
2024: €1.17M
2022 → 2025
Net result
€-170k
2024 · €11k
2022: €-116k
2023: €50k
2024: €11k
2022 → 2025
Working capital
€-624k▼ 32.1%
2024 · €-473k
2022: €-624k
2023: €-654k
2024: €-473k
2022 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2022202320242025Trend
Equity€159k-€210k▲ 31.7%€221k▲ 5.4%€51k▼ 76.8%
Operating result€-102k-€94k€35k▼ 62.8%€-157k
Net result€-116k-€50k€11k▼ 77.6%€-170k
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €157k after €35k in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.16M
Fixed assets
€810k ▼ 3.1%
Current assets
€347k ▲ 4.6%
Equity and liabilities €1.16M
Equity
€51k ▼ 76.8%
Debt
€1.11M ▲ 16.7%
Debt's share of the balance-sheet total rises from 81.1% to 95.6%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€-39k▼
2024 · €100k
Cash flow
€-52k▼
2024 · €76k
Current ratio
0.36▼
2024 · 0.41
Debt to equity
21.60▲
2024 · 4.29
ROE
-331.8%▼
2024 · 5.1%
ROA
-14.7%▼
2024 · 1.0%
Interest coverage
-2.96▼
2024 · 4.17
Debt ≤ 1 year
€971k▲
2024 · €804k
Debt > 1 year
€134k▼
2024 · €143k
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 · 2025 against 2024 · 44 lines
Balance sheet
Code20242025
Assets
Total assets20/58€1.17M€1.16M▼
Formation expenses20€917€151▼
Fixed assets21/28€835k€810k▼
Tangible fixed assets22/27€835k€810k▼
Plant, machinery and equipment23€130k€424k▲
Furniture and vehicles24€22k€16k▼
Assets under construction and advance payments27€684k€369k▼
Current assets29/58€331k€347k▲
Amounts receivable within one year40/41€196k€201k▲
Trade receivables40€192k€189k▼
Other amounts receivable41€4k€12k▲
Cash at bank and in hand54/58€116k€142k▲
Deferred charges and accrued income490/1€19k€4k▼
Equity and liabilities
Total equity and liabilities10/49€1.17M€1.16M▼
Equity10/15€221k€51k▼
Contributions10/11€275k€275k=
Profit (loss) carried forward14€-54k€-224k▼
Amounts payable17/49€947k€1.11M▲
Amounts payable after more than one year17€143k€134k▼
Financial debts170/4€143k€134k▼
Amounts payable within one year42/48€804k€971k▲
Current portion of amounts payable after more than one year42€57k€68k▲
Financial debts43€250k€375k▲
Credit institutions430/8€250k€375k▲
Trade debts44€77k€109k▲
Suppliers440/4€77k€109k▲
Advances received on contracts in progress46€0-
Taxes, remuneration and social security45€884€0▼
Taxes450/3€884€0▼
Other amounts payable47/48€419k€419k=
Accrued charges and deferred income492/3€0-
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€65k€118k▲
Other operating charges640/8€84k€543▼
Gross operating margin9900€184k€-38k▼
Operating profit (loss)9901€35k€-157k▼
Financial income75/76B€46€60▲
Recurring financial income75€46€60▲
Financial charges65/66B€24k€13k▼
Recurring financial charges65€24k€13k▼
Profit (loss) for the period before taxes9903€11k€-170k▼
Profit (loss) for the period9904€11k€-170k▼
Profit (loss) for the period to be appropriated9905€11k€-170k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-54k€-224k▼
Profit (loss) brought forward from the previous period14P€-65k€-54k▲
The notes to these accounts (15 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
2026
03-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Weakest financial yearnet €-170k ▼1606%
Net result drops to €-170k, the lowest in the series.
25-08
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 25 days late
2024
26-08
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 26 days late
2023
31-12
Financial
Back to profitnet €50k
Net result €50k after one loss-making year.
31-12
Financial
Equity above €200kEq €210k ▲31.7%
Equity rises from €159k to €210k.
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
3 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, Deinze · 1 establishment unit since 2021
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.
E 3 laan 259800 DeinzeGround area
4,865 m²
Building footprint
2,696 m²
Volume, LiDAR
30,929 m³
2 parcels, Flanders · tallest building 24.3 m, ±8 floors. Linked by address, not a title deed.
1 establishment unit
Just Air
since 20212.317.109.076
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44054B0806/00C000 | Flanders | 3,918 m² | 1 · 1,750 m² | 6.5 m · 2 fl. |
| 44032A0215/00G003 | Flanders | 947 m² | 1 · 946 m² | 24.3 m · 8 fl. |
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.
Similar companies · same sector, comparable size
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TOOLING SERVICES
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ARDORIUS
BE 0774.990.507
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HYDROTRACK
BE 0443.118.962
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Of 388 companies in sector 46630 we hold annual accounts for 276. 106 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 formPrivate limited company
Founded02-02-2021
Fiscal year end31-12
Activities, NACEBEL 2025
33120Repair and maintenance of machinery
46630Wholesale trade
28920Manufacture of machinery and equipment not elsewhere classified
77320Rental and leasing activities
Sources
Crossroads Bank for EnterprisesNational Bank · 4 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.