L'Envol
ActiveL'Envol has been active since 1984 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €484k and a net result of €20k. Equity is shrinking by ~6.9% per year across the filed fiscal years. Its solvency ranks better than 72% of 529 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is < 0.1% (very low).
Checked score
Score 2025
86
/ 100
Excellent▼ -14 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability21▼-73
Solvency99▲+3
Growth65=
Stability100
Bankruptcy probability, 12 months
< 0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €40k at 30 days acceptable
Liquidity ample (current ratio 2.7 against 2.07 in 2024), and 36.4% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Nine signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 87
Relative position
BE, all sectors
reference
Sector 87
lower
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
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
63.6%
Return on assets
2.7%
Age of the figures
9 mo
lowers risk · Growing equity
Equity grew over 2023-2025. Profits are largely retained rather than distributed.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €484k
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 28-08-2026, 28 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 · 10 filingsDeviation from the deadline
2025
28 d late
2024
56 d late
2023
113 d late
2022
31 d late
2021
2 d late
2020
31 d late
2019
48 d late
← before the deadline
after the deadline →
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
16-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
€9k▲ 78.2%
2021 · €5k
2018: €5k
2019: €6k
2020: €5k
2021: €5k
2018 → 2022
EBIT margin
-316.9%▲ 1229.2pp
2021 · -1546.2%
2018: -1071.4%
2019: -1411.6%
2020: -1863.7%
2021: -1546.2%
2018 → 2022
Net result
€20k▼ 76.9%
2024 · €88k
2018: €-54k
2019: €-47k
2020: €-94k
2021: €-75k
2022: €-28k
2023: €-87k
2024: €88k
2018 → 2025
Working capital
€433k▲ 5.9%
2024 · €409k
2018: €644k
2019: €608k
2020: €514k
2021: €490k
2022: €445k
2023: €316k
2024: €409k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€5k-€9k▲ 78.2%
Equity€479k-€451k▼ 5.9%€387k▼ 14.2%€469k▲ 21.3%€484k▲ 3.1%
Operating result€-79k-€-29k▲ 63.5%€-85k▼ 194%€83k€-4k
Net result€-75k-€-28k▲ 63.2%€-87k▼ 214%€88k€20k▼ 76.9%
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €4k after €83k in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €761k
Fixed assets
€72k▼ 15.7%
Current assets
€688k▼ 13.2%
Equity and liabilities €761k
Equity
€484k▲ 3.1%
Debt
€277k▼ 32.4%
The debt ratio falls from 46.6% to 36.4%: equity grows while debt is paid down.
Key figures and ratios
EBITDA
€19k▼
2024 · €107k
Cash flow
€43k▼
2024 · €112k
Solvency
63.6%▲
2024 · 53.4%
Current ratio
2.70▲
2024 · 2.07
Quick ratio
2.70▲
2024 · 2.07
Debt / equity
0.57▼
2024 · 0.87
ROE
4.2%▼
2024 · 18.8%
ROA
2.7%▼
2024 · 10.0%
Interest coverage
8.31▼
2024 · 25.08
Debt
€277k▼
2024 · €410k
Debt ≤ 1 year
€255k▼
2024 · €384k
Debt > 1 year
€18k▼
2024 · €26k
Staff costs
€1.31M▲
2024 · €1.30M
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€879k€761k▼
Fixed assets21/28€86k€72k▼
Tangible fixed assets22/27€85k€70k▼
Plant, machinery and equipment23€5k€10k▲
Furniture and vehicles24€66k€49k▼
Other tangible fixed assets26€13k€11k▼
Financial fixed assets28€1k€2k▲
Current assets29/58€793k€688k▼
Amounts receivable within one year40/41€159k€57k▼
Trade receivables40€159k€56k▼
Other amounts receivable41€289€289=
Current investments50/53€330k€0▼
Cash at bank and in hand54/58€40k€367k▲
Deferred charges and accrued income490/1€264k€265k▲
Equity and liabilities
Total equity and liabilities10/49€879k€761k▼
Equity10/15€469k€484k▲
Contributions10/11€107k€107k=
Capital10€107k€107k=
Profit (loss) carried forward14€345k€365k▲
Investment grants15€18k€12k▼
Amounts payable17/49€410k€277k▼
Amounts payable after more than one year17€26k€18k▼
Financial debts170/4€26k€18k▼
Amounts payable within one year42/48€384k€255k▼
Current portion of amounts payable after more than one year42€15k€8k▼
Trade debts44€87k€22k▼
Suppliers440/4€87k€22k▼
Taxes, remuneration and social security45€217k€198k▼
Taxes450/3€32k€30k▼
Remuneration and social security454/9€185k€168k▼
Accrued charges and deferred income492/3-€4k
Income statement
Code20242025
Remuneration, social security and pensions62€1.30M€1.31M▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€24k€23k▼
Other operating charges640/8€123k€35k▼
Non-recurring operating charges66A€116€22k▲
Gross operating margin9900€1.53M€1.38M▼
Operating profit (loss)9901€83k€-4k▼
Financial income75/76B€9k€27k▲
Recurring financial income75€9k€27k▲
Financial charges65/66B€4k€2k▼
Recurring financial charges65€4k€2k▼
Profit (loss) for the period before taxes9903€88k€20k▼
Income taxes67/77€106-
Profit (loss) for the period9904€88k€20k▼
Profit (loss) for the period to be appropriated9905€88k€20k▼
Appropriation of the result
Profit (loss) to be appropriated9906€345k€365k▲
Profit (loss) brought forward from the previous period14P€256k€345k▲
Social balance
Average headcount (FTE)908719.719.0▼
The notes to these accounts (12 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
28-08
NBB filing
Annual accounts filed
fiscal year 2025 · full schema · 28 days late
2025
25-09
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 56 days late
2024
31-12
Financial
Back to profitnet €88k
Net result €88k after 6 loss-making years.
21-11
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 113 days late
2023
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 31 days late
2022
02-08
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 2 days late
2021
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
2020
31-12
Financial
Weakest financial yearnet €-94k
Net result drops to €-94k, the lowest in the series; recovery starts the following year.
17-09
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 48 days late
2019
09-06
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
20-06
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
29-06
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
no sitting director, no change since 2023
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
09-10-2023
Hieleghem Freddy: Resigned as Manager
22-08-2022
Philippe Stragier: Resigned as Director
14-07-2017
Brigitte Storme: Resigned as Director
23-10-2015
Hieleghem Freddy: Resigned as Director
Location & real-estate footprint
Registered office, Mouscron · 1 establishment unit since 2008
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.
Velleriestraat 1317700 MouscronGround area
8,997 m²
Building footprint
52 m²
Parcel 54432C0795/00F000, Wallonia. Linked by address, not a title deed.
1 establishment unit
L'Envol
since 20082.198.132.341
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 54432C0795/00F000 | Wallonia | 8,997 m² | 1 · 52 m² | - |
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
Food safety, FASFC
1 siteMouscron/Moeskroen2.198.132.341
Legal Entity Identifier
967600N8N8MT94PZQH70
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Of 323 companies in sector 87202 we hold annual accounts for 274. 178 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formNon-profit association
Founded27-08-1984
Fiscal year end31-12
Activities, NACEBEL
85314
87202Residential care activities
Sources
Crossroads Bank for EnterprisesNational Bank · 13 filingsAddress and cadastre registers
Data from official sources, last processed on 15-09-2026. Scores and ratios are computed by Checked and are not a credit decision.