Sanctions list
Name on a sanctions list. Check in the source whether it is this company.
Name on a sanctions list. Check in the source whether it is this company.
MARNEF AVIATION CONSULTING paid out €51,140 in dividends. That is 2,149% of the 2025 profit.
The micro format states no turnover.
Short-term debts rose from €1,824 to €3,221.
The last five annual accounts were filed 24 to 50 days before the end of the period.
Higher solvency than 88% of companies in air transport. Sector median 42.9% · 155 companies.
The dashed line is the sector median: 0.4% across 201 companies (NACE 51, micro).
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 51, micro). It does better than 88% of them on solvency, 93% on liquidity, 67% on profitability and 7% on growth.
The bankruptcy probability was computed on 06-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
In July 2024, 34,693 companies had the same profile as MARNEF AVIATION CONSULTING has now. Each dot stands for 87 companies, two years later.
That fits the bankruptcy probability of MARNEF AVIATION CONSULTING itself: < 0.1% within 12 months.
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 34,693 companies, not a prediction for MARNEF AVIATION CONSULTING. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Liquidity is ample, with a current ratio of 8.65 (40.09 in 2024), above the usual 1.5. Short-term debt is 10.2% and cash 60.9% of total assets. 10.2% of the assets are financed with debt and provisions.
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
The company filed its last 7 accounts on average 43 days before the deadline. In the sector (NACE 51), the median for financial year 2024 was 10 days before the deadline, and 35% of those companies filed late.
A matching name does not mean the company is on the list. Check the entry at the source.
| Company | ||||
|---|---|---|---|---|
| MARNEF AVIATION CONSULTING Kontich | €31,470 | €6,034 | 89.8% | - |
| VDS AVIATION Bornem | €28,242 | €6,068 | 70.0% | - |
| i4 Beauvechain | €20,394 | €6,640 | -214.4% | - |
| ICARY Soumagne | €30,169 | €14,830 | -240.6% | - |
| LOXODROOM Antwerp | €53,808 | €4,563 | 95.2% | - |
| LIESMONS Zoutleeuw | €15,343 | €2,397 | -56.7% | - |
| AVIATE Lier | €50,632 | -€19,351 | 98.5% | - |
These companies have the same main activity as MARNEF AVIATION CONSULTING: passenger air transport (NACE 51100). They are comparable in size and age: total assets between €15,300 and €53,800, founded between 2008 and 2013.
MARNEF AVIATION CONSULTING files the micro format. That format states no turnover. The gross margin rose from -€2,498 in 2011 to €6,034 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
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