Just Air
The computed 12-month bankruptcy probability of Just Air is 1.5% (moderate). The 2024 annual accounts show equity of €221k and a net result of €11k. Equity is growing by ~14.7% per year across the filed fiscal years. Its solvency ranks better than 40% of 961 sector peers (fiscal year 2024). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.
| Equity | €221k |
| Net result | €11k |
| Better than sector | 40% |
| Active | 5 yrs |
Mixed profile: strong on stability, weaker on solvency.
Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?
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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 | 18.9% | 27.4% | |
| Net result | €11k | €24k | |
| Equity | €221k | €171k | |
| Gross operating margin | €184k | €174k | |
| Total assets | €1.17M | €859k |
| Fiscal year | 2024 |
|---|---|
| Revenue | - |
| EBITDA | €100k |
| Net profit | €11k |
| Cash flow | €76k |
| Staff costs | - |
| Income taxes | - |
| Dividends | - |
| Total assets | €1.17M |
| Equity | €221k |
| Debt | €947k |
| of which ≤ 1y | €804k |
| of which > 1y | €143k |
| Working capital | €-473k |
| Employees (FTE) | - |
| 2024 | |
|---|---|
| Current ratio | 0.41 |
| Quick ratio | 0.41 |
| Working capital ratio | -40.5% |
| Solvency | 18.9% |
| Debt / equity | 4.29 |
| Long-term debt ratio | 0.65 |
| Interest coverage | 4.17 |
| Gross margin | - |
| Net margin | - |
| ROA | 1.0% |
| ROE | 5.1% |
| EBITDA margin | - |
| Days sales outstanding | - |
| Days payable outstanding | - |
| Inventory turnover | - |
| Days inventory (DSI) | - |
| Line item | Code | 2024 |
|---|---|---|
| Balance sheet, Assets | ||
| TOTAL ASSETS | 20/58 | €1.17M |
| Fixed assets | 21/28 | €835k |
| Formation expenses | 20 | €917 |
| Tangible fixed assets | 22/27 | €835k |
| Current assets | 29/58 | €331k |
| Amounts receivable within one year | 40/41 | €196k |
| Cash & bank | 54/58 | €116k |
| Balance sheet, Equity & liabilities | ||
| TOTAL EQUITY & LIABILITIES | 10/49 | €1.17M |
| Equity | 10/15 | €221k |
| Contributions / capital | 10/11 | €275k |
| Accumulated profits (losses) | 14 | €-54k |
| Amounts payable | 17/49 | €947k |
| Amounts payable after one year | 17 | €143k |
| Amounts payable within one year | 42/48 | €804k |
| Trade debts payable within one year | 44 | €77k |
| Income statement | ||
| Gross operating margin | 9900 | €184k |
| Operating result | 9901 | €35k |
| Financial income | 75 | €46 |
| Financial charges | 65 | €24k |
| Result before taxes | 9903 | €11k |
| Net result for the period | 9904 | €11k |
| Result to be appropriated | 9905 | €11k |
| NACE primary | Wholesale trade(46630) |
| Legal form | Private limited company(610) |
| Incorporation | 02-02-2021 |
| Status | Active |
| Postal code | 9800 |
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. |
|---|---|---|---|---|
| 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. |
A single timeline of everything that happened to this company, publications, insolvency and lifecycle events, administrative changes and filed annual accounts.
30-05-2025 1 director appointed, 1 resigning
- NV VICABEL, Bestuurder
- BV FIMA, Bestuurder
Technical details
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"kind": "director_out",
"role": "bestuurder",
"person": {
"rrn": null,
"name": "BV FIMA",
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"birth_date": null
},
"effective_date": "2025-02-21",
"evidence_quote": "De algemene vergadering beslist tot het ontslag van BV FIMA, met zetel te 9771 Kruisem Waregemsestraat (Nok) 17, als niet-statutaire bestuurder, en dit met ingang op 21 februari 2025. De algemene vergadering verleent deze persoon kwijting voor de uitoefening van diens mandaat.",
"discharge_granted": true
},
{
"kind": "director_in",
"role": "bestuurder",
"person": {
"rrn": null,
"name": "NV VICABEL",
"address": null,
"birth_date": null
},
"effective_date": "2025-02-21",
"evidence_quote": "De algemene vergadering beslist tot de benoeming van NV VICABEL als niet-statutaire bestuurder, en dit met ingang op 21 februari 2025."
}
],
"schema": "v3.2",
"act_meta": {
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"extractor": "constrained-core-35b"
},
"subject_company": {
"kbo": "0762.827.992",
"name_full": "JUST AIR",
"legal_form": "BV"
}
}04-02-2021 Incorporation of a new BV
Technical details
{
"kind": "oprichting",
"seat": "9050 Gent (Ledeberg), Marie Popelinkaai 2 bus 201",
"schema": "v3.2",
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},
"founders": [
{
"org": {
"kbo": "0652.828.509",
"name": "De besloten vennootschap DeLGr"
},
"kind": "rechtspersoon",
"person": null,
"share_class": "A and B",
"partner_role": null,
"holder_org_kbo": "0652.828.509",
"holder_org_name": "De besloten vennootschap DeLGr",
"contribution_type": "cash",
"amount_paid_in_eur": 0,
"holder_person_name": null,
"is_subscriber_only": true,
"n_shares_subscribed": 120,
"amount_subscribed_eur": 275000,
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}
],
"capital_eur": 275000,
"subject_company": {
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"name_full": "Just Air",
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"initial_directors": [],
"incorporation_date": "2021-01-28",
"post_incorporation_mandates": []
}Generate a structured, factual brief from every signal in this dossier: risk, financial health, ownership, mandates and sector comparison.
| Legal nameNL | Just Air |