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LEVACO AIR

Active
Public limited companyfounded 199333 yrs activeSantvoortbeeklaan 25, 2100 Antwerpen, BelgiumKBO/BCE: BE 0449.852.643
Summary

LEVACO AIR has been active since 1993 and the Belgian State Gazette contains no insolvency signals. The CBE does carry 2 administrative register entries (see administrative flags). The 2024 annual accounts show equity of €265,179 and a net result of €260. Equity remains stable across the filed fiscal years (±0% per year). Its solvency ranks better than 92% of 947 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 1.5% (low).

Checked score

Score 2024
Axes · tick = 2023
Profitability38▲+12
Solvency100=
Growth32=
Track record84
Bankruptcy probability, 12 months
1.5% Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €17,000 at 30 days acceptable
Liquidity ample (current ratio 8.92 against 37.88 in 2023; short-term debt: 11.2% and cash: 16.1% of total assets), and 11.2% of the assets are financed with debt.
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Signals

Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Recent warning signals
The last 24 months brought warning signals in the Staatsblad or the KBO, and those often pile up before a bankruptcy.
Belgian State Gazette
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
Warehousing and support activities for transportation (NACE 52)
about 72% more bankruptcies
← 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 date
Age against the risk zone
highest failure risk from 2 to 8 years 33 years 0 40 y
raises risk · Ex-officio strike-off
The KBO struck this company off ex officio, which points to unmet obligations and often precedes a bankruptcy.
KBO publications
lowers risk · Lower-risk legal form
Companies with this legal form statistically fail less often than a BV.
KBO · legal form
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 26-09-2025, 57 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 filings
Deviation from the deadline
2025
not confirmed
2024
57 d late
2023
27 d late
2022
60 d late
2021
24 d late
2020
114 d late
2019
90 d late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 6 accounts on average 62 days after the deadline; the sector median for financial year 2024 is 8 days before the deadline, and 36% of the sector filed late.

raises risk · Administrative warnings in the KBO publications
2 publications by the FPS Economy about this company, such as a strike-off for address, accounts or UBO, or their withdrawal.
KBO publications
Publications
Address struckAddress strikeout annulled

History

LEVACO AIR was incorporated on 15 April 1993.1 Total assets fell from EUR 378,871 in 2018 to EUR 298,653 in 2024.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2018 and 2024

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Financials · fiscal year 2024, abbreviated schema

Equity
€265,179▲ 0.1%
2023 · €264,919
Total assets
€298,653▲ 9.6%
2023 · €272,497
Net result
€260
2023 · -€12,721
Working capital
€265,179=
2023 · €265,304
Trend over the years

Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 52, Warehousing and support activities for transportation, each year against the same schema; no band under 30 filings. Dashed line: the median.

Every figure with its change against the fiscal year before
favourable unfavourable
Line20202021202220232024
Operating result€14,617-€3,494-€1,820▲ 47.9%-€3,233▼ 77.7%-€1,318▲ 59.2%
Net result€16,824within the sector's middle half-€3,051below the sector's middle half€2,984within the sector's middle half-€12,721below the sector's middle half€260below the sector's middle half
Equity€277,708within the sector's middle half▲ 6.4%€274,657within the sector's middle half▼ 1.1%€277,641within the sector's middle half▲ 1.1%€264,919within the sector's middle half▼ 4.6%€265,179within the sector's middle half▲ 0.1%
Total assets€311,741below the sector's middle half▲ 9.0%€305,324below the sector's middle half▼ 2.1%€282,089below the sector's middle half▼ 7.6%€272,497below the sector's middle half▼ 3.4%€298,653below the sector's middle half▲ 9.6%
Debt€34,033▲ 35.3%€30,667▼ 9.9%€4,449▼ 85.5%€7,577▲ 70.3%€33,474▲ 342%
Working capital€277,708within the sector's middle half▲ 6.4%€275,105within the sector's middle half▼ 0.9%€277,641within the sector's middle half▲ 0.9%€265,304within the sector's middle half▼ 4.4%€265,179within the sector's middle half=
Solvency89.1%above the sector's middle half▼ 2.1pp90.0%above the sector's middle half▲ 0.9pp98.4%above the sector's middle half▲ 8.5pp97.2%above the sector's middle half▼ 1.2pp88.8%above the sector's middle half▼ 8.4pp
Current ratio9.16above the sector's middle half▼ 2.2110.10above the sector's middle half▲ 0.9463.41above the sector's middle half▲ 53.3137.88above the sector's middle half▼ 25.538.92above the sector's middle half▼ 28.96
Return on assets (ROA)5.4%within the sector's middle half▲ 8.8pp-1.0%below the sector's middle half▼ 6.4pp1.1%within the sector's middle half▲ 2.1pp-4.7%below the sector's middle half▼ 5.7pp0.1%below the sector's middle half▲ 4.8pp
above within below the middle half (P25 to P75) of NACE 52, Warehousing and support activities for transportation, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
-€20,000-€10,000€0€10,000€20,000Operating result 2020: €14,617€14,617Net result 2020: €16,824€16,824Operating result 2021: -€3,494-€3,494Net result 2021: -€3,051-€3,051Operating result 2022: -€1,820-€1,820Net result 2022: €2,984€2,984Operating result 2023: -€3,233-€3,233Net result 2023: -€12,721-€12,721Operating result 2024: -€1,318-€1,318Net result 2024: €260€26020202021202220232024-€15,000-€10,000-€5,000€0€5,000Operating result 2022: -€1,820-€1,820Net result 2022: €2,984€2,980Operating result 2023: -€3,233-€3,230Net result 2023: -€12,721-€12,700Operating result 2024: -€1,318-€1,320Net result 2024: €260€260202220232024
The operating result stays negative: a loss of €1,318 in 2024 against €3,233 in 2023; the loss shrinks.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Equity and liabilities €298,653
Equity €265,179 ▲ 0.1%
Debt €33,474 ▲ 342%
Debt's share of the balance-sheet total rises from 2.8% to 11.2%. Equity and debt are higher.
Key figures and ratios
2024 value · change against 2023
Debt to equity
0.13▲
2023 · 0.03
ROE
0.1%▲
2023 · -4.8%
Debt ≤ 1 year
€33,474▲
2023 · €7,193
Income taxes
€330▼
2023 · €8,905
Staff costs
€13,950
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 17,027 companies that looked in July 2024 the way this one looks now, 0.5% went bankrupt within 24 months and 94% are still going.

  • Micro
  • 20 years or older
  • solvency 30% or more
  • a profit under 5% of the balance sheet
0.5% went bankrupt
4.9% stopped otherwise
94% still going

A further 0.3% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a higher bankruptcy probability: 1.5% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.

The companies in ten equal groups, from lowest to highest expected share.
Group Expected Actual
1 0.2% 0.2%
2 0.3% 0.4%
3 0.5% 0.5%
4 0.6% 0.7%
5 0.8% 0.9%
6 1.2% 1.3%
7 1.5% 1.7%
8 1.7% 1.7%
9 2.7% 2.8%
10 5.3% 5.7%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.

An observation about 17,027 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.

Annual accounts
Filed annual accounts As filed with the NBB · 2024 against 2023 · 39 lines
Balance sheet Code20232024
Assets
Total assets20/58€272,497€298,653▲
Current assets29/58€272,497€298,653▲
Amounts receivable within one year40/41€179,479€250,712▲
Trade receivables40€54,500€124,449▲
Other amounts receivable41€124,979€126,263▲
Cash at bank and in hand54/58€93,018€47,941▼
Equity and liabilities
Total equity and liabilities10/49€272,497€298,653▲
Equity10/15€264,919€265,179▲
Contributions10/11€198,315€198,315=
Capital10€198,315€198,315=
Issued capital100€198,315€198,315=
Reserves13€66,605€66,864▲
Non-distributable reserves130/1€19,831€19,831=
Legal reserve130€19,831€19,831=
Distributable reserves133€46,773€47,033▲
Amounts payable17/49€7,577€33,474▲
Amounts payable within one year42/48€7,193€33,474▲
Trade debts44€7,193€31,058▲
Suppliers440/4€7,193€31,058▲
Taxes, remuneration and social security45-€2,416
Taxes450/3-€19
Remuneration and social security454/9-€2,398
Accrued charges and deferred income492/3€384-
Income statement Code20232024
Remuneration, social security and pensions62-€13,950
Other operating charges640/8€698€1,027▲
Gross operating margin9900-€2,535€13,659▲
Operating profit (loss)9901-€3,233-€1,318▲
Financial income75/76B€259€2,701▲
Recurring financial income75€259€2,701▲
Financial charges65/66B€842€793▼
Recurring financial charges65€842€793▼
Profit (loss) for the period before taxes9903-€3,817€590▲
Income taxes67/77€8,905€330▼
Profit (loss) for the period9904-€12,721€260▲
Profit (loss) for the period to be appropriated9905-€12,721€260▲
Appropriation of the result
Profit (loss) to be appropriated9906-€12,721€260▲
Transfer from equity791/2€12,721-
Transfer to equity691/2-€260
To other reserves6921-€260
Line20202021202220232024Change
Remuneration, social security and pensions62----€13,950-
Other operating charges640/8-€1,310€977€698€1,027▲ 47.1%
Gross operating margin9900€15,147-€2,184-€843-€2,535€13,659▲ 639%
Operating profit (loss)9901€14,617-€3,494-€1,820-€3,233-€1,318▲ 59.2%
Financial income75/76B-€953€5,078€259€2,701▲ 944%
Recurring financial income75€6,540€953€5,078€259€2,701▲ 944%
Financial charges65/66B-€509€274€842€793▼ 5.8%
Recurring financial charges65€1,585€509€274€842€793▼ 5.8%
Profit (loss) for the period before taxes9903€19,573-€3,051€2,984-€3,817€590▲ 115%
Income taxes67/77€2,749--€8,905€330▼ 96.3%
Profit (loss) for the period9904€16,824-€3,051€2,984-€12,721€260▲ 102%
Profit (loss) for the period to be appropriated9905€16,824-€3,051€2,984-€12,721€260▲ 102%
Line20202021202220232024Change
Assets
Total assets20/58€311,741€305,324€282,089€272,497€298,653▲ 9.6%
Current assets29/58€311,741€305,324€282,089€272,497€298,653▲ 9.6%
Amounts receivable within one year40/41€216,397€198,744€179,016€179,479€250,712▲ 39.7%
Trade receivables40-€80,032€54,500€54,500€124,449▲ 128%
Other amounts receivable41-€118,712€124,516€124,979€126,263▲ 1.0%
Cash at bank and in hand54/58€95,344€106,580€103,074€93,018€47,941▼ 48.5%
Equity and liabilities
Total equity and liabilities10/49€311,741€305,324€282,089€272,497€298,653▲ 9.6%
Equity10/15€277,708€274,657€277,641€264,919€265,179▲ 0.1%
Contributions10/11€198,315€198,315€198,315€198,315€198,315=
Capital10-€198,315€198,315€198,315€198,315=
Issued capital100-€198,315€198,315€198,315€198,315=
Reserves13€79,393€76,342€79,326€66,605€66,864▲ 0.4%
Non-distributable reserves130/1-€19,831€19,831€19,831€19,831=
Legal reserve130-€19,831€19,831€19,831€19,831=
Distributable reserves133-€56,511€59,494€46,773€47,033▲ 0.6%
Amounts payable17/49€34,033€30,667€4,449€7,577€33,474▲ 342%
Amounts payable within one year42/48€34,033€30,220€4,449€7,193€33,474▲ 365%
Trade debts44€27,695€28,068€4,449€7,193€31,058▲ 332%
Suppliers440/4-€28,068€4,449€7,193€31,058▲ 332%
Taxes, remuneration and social security45-€2,152--€2,416-
Taxes450/3-€2,152--€19-
Remuneration and social security454/9----€2,398-
Accrued charges and deferred income492/3-€448-€384--
Line20202021202220232024Change
Profit (loss) for the period9904€16,824-€3,051€2,984-€12,721€260▲ 102%
Operating cash flow (approximation)€16,824-€3,051€2,984-€12,721€260▲ 102%
Change in cash-€11,236-€3,506-€10,056-€45,077▼ 348%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

2025
26-09
NBB filing Annual accounts filed
fiscal year 2024 · abbreviated schema · 57 days late
29-08
KBO administration Address strikeout annulled
22-08
KBO administration Address struck
2024
31-12
Financial Back to profitnet €260
Net result €260 after one loss-making year.
27-08
NBB filing Annual accounts filed
fiscal year 2023 · abbreviated schema · 27 days late
2023
31-12
Financial Weakest financial yearnet -€12,721
Net result drops to -€12,721, the lowest in the series; recovery starts the following year.
29-09
NBB filing Annual accounts filed
fiscal year 2022 · abbreviated schema · 60 days late
2022
31-12
Financial Back to profitnet €2,984
Net result €2,984 after one loss-making year.
31-12
Financial Liquidity times 6current ratio 63.41
Current ratio from 10.10 to 63.41; short-term debt falls from €30,220 to €4,449.
24-08
NBB filing Annual accounts filed
fiscal year 2021 · abbreviated schema · 24 days late
2021
22-11
NBB filing Annual accounts filed
fiscal year 2020 · abbreviated schema · 114 days late
2020
31-12
Financial Back to profitnet €16,824
Net result €16,824 after one loss-making year.
Show earlier events
29-10
NBB filing Annual accounts filed
fiscal year 2019 · abbreviated schema · 90 days late
2019
31-12
Financial Liquidity triplescurrent ratio 11.37
Current ratio from 3.50 to 11.37; short-term debt falls from €108,350 to €25,156.
25-09
NBB filing Annual accounts filed
fiscal year 2018 · micro schema · 56 days late
2018
27-09
NBB filing Annual accounts filed
fiscal year 2017 · micro schema · 58 days late
2017
21-11
NBB filing Annual accounts filed
fiscal year 2016 · micro schema · 113 days late
2016
01-07
NBB filing Annual accounts filed
fiscal year 2015 · abbreviated schema
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 9 acts read
About the unread acts

We know of 9 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.

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Directors · office · real estate

Directors
9 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, Antwerpen · 1 establishment unit since 1993
seat establishment The establishment unit on the map
Ground area
3,826 m²
Building footprint
2,522 m²
Volume, LiDAR
18,421 m³
Parcel 11012A0273/00R000, Flanders · tallest building 8.0 m, ±2 floors. Linked by address, not a title deed.
41 companies at this address See who is registered here
1 establishment unit
Atlas Freight Bridge / European Cargo Gateway dba
Santvoortbeeklaan 25, 2100 AntwerpenComputing infrastructure, data processing, hosting and other information service activities
since 19932.062.234.846
1 parcel
Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
11012A0273/00R000 Flanders 3,826 m² 1 · 2,522 m² 8.0 m · 2 fl.
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.

Structure & network

Owners and holdings

1 owner

Owners 1

Holdings 0

No holding stated in the accounts, acts or LEI register we read.

According to the annual accounts of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.

Connections & network

No current directors or connected companies found in the register.

Similar companies · same sector, comparable size

Of 355 companies in sector 52249 we hold annual accounts for 266. 163 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector

Identification & contact

Identification
Legal formPublic limited company
Founded15-04-1993
Fiscal year end31-12
Activities, NACEBEL 2025
52249Warehousing and support activities for transportation
52250Logistics services
E-invoicing
Reachable via Peppol
Peppol ID 0208:0449852643
Registered 27-11-2025

If you follow this company, Checked tells you the day it leaves the Peppol register.

Register as of 28 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.