Modelairtools
ActiveSummary
Modelairtools has been active since 1993 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €597,732 and a net result of €678. Equity remains stable across the filed fiscal years (±2.3% per year). Its solvency ranks better than 93% of 11425 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability69▲+36
Solvency100=
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €45,000 at 30 days acceptable
Liquidity ample (current ratio 18.72 against 21.19 in 2024; short-term debt: 3.8% and cash: 15.8% of total assets), and 6.4% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
93.6%
Return on assets
0.1%
Age of the figures
9 mo
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
Wholesale trade (NACE 46)
about 21% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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 09-07-2026, 22 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
22 d early
2024
24 d early
2023
29 d early
2022
3 d early
2021
30 d early
2020
19 d early
2019
2 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 18 days before the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 39% of the sector filed late.
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
26-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€597,732▲ 0.1%
2024 · €597,054
Total assets
€638,300▼ 0.8%
2024 · €643,490
Net result
€678
2024 · -€20,460
Working capital
€430,074▲ 4.3%
2024 · €412,292
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€480,935€2,440▼ 99.5%€2,126▼ 12.8%-€18,003€2,602
Net result€336,614€1,261▼ 99.6%€840▼ 33.4%-€20,460€678
Equity€787,439▲ 74.7%€788,700▲ 0.2%€617,514▼ 21.7%€597,054▼ 3.3%€597,732▲ 0.1%
Total assets€831,334▼ 6.7%€819,053▼ 1.5%€674,180▼ 17.7%€643,490▼ 4.6%€638,300▼ 0.8%
Debt€43,895▼ 90.0%€30,353▼ 30.9%€56,666▲ 86.7%€46,436▼ 18.1%€40,568▼ 12.6%
Working capital€605,947▲ 250%€607,512▲ 0.3%€434,177▼ 28.5%€412,292▼ 5.0%€430,074▲ 4.3%
Staff (FTE)
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €2,602 after a loss of €18,003 in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €638,300
Fixed assets
€183,955 ▼ 12.7%
Current assets
€454,345 ▲ 5.0%
Equity and liabilities €638,300
Equity
€597,732 ▲ 0.1%
Debt
€40,568 ▼ 12.6%
Debt's share of the balance-sheet total falls from 7.2% to 6.4%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€30,453▲
2024 · €7,617
Cash flow
€28,528▲
2024 · €5,160
Current ratio
18.72▼
2024 · 21.19
Quick ratio
4.43▼
2024 · 5.68
Debt to equity
0.07▼
2024 · 0.08
ROE
0.1%▲
2024 · -3.4%
ROA
0.1%▲
2024 · -3.2%
Interest coverage
11.87▲
2024 · 2.17
Debt ≤ 1 year
€24,271▲
2024 · €20,424
Debt > 1 year
€16,297▼
2024 · €26,011
Income taxes
€1,190▲
2024 · €228
Staff costs
€0▼
2024 · €197
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | €488,920 | - | €5,023 | €13 | €0 | ▼ 100% |
| Remuneration, social security and pensions62 | - | - | - | €197 | €0 | ▼ 100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €14,912 | €8,547 | €15,334 | €25,620 | €27,850 | ▲ 8.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | -€924 | - | - | - | - | - |
| Other operating charges640/8 | €12,772 | €6,709 | €7,207 | €5,811 | €6,390 | ▲ 10.0% |
| Gross operating margin9900 | €507,695 | €17,695 | €24,668 | €13,625 | €36,842 | ▲ 170% |
| Operating profit (loss)9901 | €480,935 | €2,440 | €2,126 | -€18,003 | €2,602 | ▲ 114% |
| Financial income75/76B | €1,619 | €1,504 | €1,862 | €1,289 | €1,830 | ▲ 42.0% |
| Recurring financial income75 | €1,619 | €1,504 | €1,862 | €1,289 | €1,830 | ▲ 42.0% |
| Financial charges65/66B | €6,868 | €1,853 | €2,829 | €3,518 | €2,565 | ▼ 27.1% |
| Recurring financial charges65 | €6,868 | €1,853 | €2,829 | €3,518 | €2,565 | ▼ 27.1% |
| Profit (loss) for the period before taxes9903 | €475,687 | €2,090 | €1,159 | -€20,232 | €1,868 | ▲ 109% |
| Income taxes67/77 | €139,073 | €829 | €320 | €228 | €1,190 | ▲ 422% |
| Profit (loss) for the period9904 | €336,614 | €1,261 | €840 | -€20,460 | €678 | ▲ 103% |
| Transfer from tax-exempt reserves789 | €13,529 | - | - | - | - | - |
| Profit (loss) for the period to be appropriated9905 | €350,143 | €1,261 | €840 | -€20,460 | €678 | ▲ 103% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €831,334 | €819,053 | €674,180 | €643,490 | €638,300 | ▼ 0.8% |
| Fixed assets21/28 | €187,605 | €181,188 | €218,638 | €210,773 | €183,955 | ▼ 12.7% |
| Tangible fixed assets22/27 | €185,681 | €179,264 | €216,713 | €208,849 | €182,031 | ▼ 12.8% |
| Land and buildings22 | €180,281 | €171,735 | €161,807 | €150,085 | €138,363 | ▼ 7.8% |
| Plant, machinery and equipment23 | €4,592 | €4,592 | €4,189 | €2,590 | €1,395 | ▼ 46.2% |
| Furniture and vehicles24 | €807 | €2,937 | €50,718 | €56,174 | €42,273 | ▼ 24.7% |
| Financial fixed assets28 | €1,924 | €1,924 | €1,924 | €1,924 | €1,924 | = |
| Current assets29/58 | €643,729 | €637,865 | €455,543 | €432,716 | €454,345 | ▲ 5.0% |
| Stocks and contracts in progress3 | €242,654 | €262,897 | €318,464 | €316,660 | €346,863 | ▲ 9.5% |
| Stocks30/36 | €242,654 | €262,897 | €318,464 | €316,660 | €346,863 | ▲ 9.5% |
| Amounts receivable within one year40/41 | €3,399 | €189,571 | €6,207 | €6,444 | €6,712 | ▲ 4.2% |
| Trade receivables40 | €3,399 | €17,546 | €6,207 | €6,444 | €6,712 | ▲ 4.2% |
| Other amounts receivable41 | - | €172,025 | - | - | - | - |
| Cash at bank and in hand54/58 | €397,676 | €185,397 | €128,828 | €107,555 | €100,769 | ▼ 6.3% |
| Deferred charges and accrued income490/1 | - | - | €2,044 | €2,058 | €0 | ▼ 100% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €831,334 | €819,053 | €674,180 | €643,490 | €638,300 | ▼ 0.8% |
| Equity10/15 | €787,439 | €788,700 | €617,514 | €597,054 | €597,732 | ▲ 0.1% |
| Contributions10/11 | €400,000 | €400,000 | €227,975 | €227,975 | €227,975 | = |
| Capital10 | €400,000 | - | - | - | - | - |
| Issued capital100 | €400,000 | - | - | - | - | - |
| Outside capital11 | - | €400,000 | €227,975 | - | - | - |
| Other1109/19 | - | €400,000 | €227,975 | - | - | - |
| Reserves13 | €387,439 | €388,700 | €389,539 | €369,079 | €369,757 | ▲ 0.2% |
| Non-distributable reserves130/1 | €40,000 | - | - | - | - | - |
| Legal reserve130 | €40,000 | - | - | - | - | - |
| Distributable reserves133 | €347,439 | €388,700 | €389,539 | €369,079 | €369,757 | ▲ 0.2% |
| Amounts payable17/49 | €43,895 | €30,353 | €56,666 | €46,436 | €40,568 | ▼ 12.6% |
| Amounts payable after more than one year17 | €6,112 | - | €35,300 | €26,011 | €16,297 | ▼ 37.3% |
| Financial debts170/4 | €6,112 | - | €35,300 | €26,011 | €16,297 | ▼ 37.3% |
| Amounts payable within one year42/48 | €37,782 | €30,353 | €21,366 | €20,424 | €24,271 | ▲ 18.8% |
| Current portion of amounts payable after more than one year42 | €8,662 | €6,112 | €9,605 | €10,045 | €9,714 | ▼ 3.3% |
| Trade debts44 | €4,445 | €5,026 | €2,569 | €1,933 | €4,114 | ▲ 113% |
| Suppliers440/4 | €4,445 | €5,026 | €2,569 | €1,933 | €4,114 | ▲ 113% |
| Taxes, remuneration and social security45 | €24,676 | €19,214 | €9,191 | €8,447 | €10,443 | ▲ 23.6% |
| Taxes450/3 | €24,676 | €19,214 | €9,191 | €8,447 | €10,443 | ▲ 23.6% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €336,614 | €1,261 | €840 | -€20,460 | €678 | ▲ 103% |
| + Depreciation and write-downs630 | €14,912 | €8,547 | €15,334 | €25,620 | €27,850 | ▲ 8.7% |
| Operating cash flow (approximation) | €351,526 | €9,807 | €16,174 | €5,160 | €28,528 | ▲ 453% |
| Investment in fixed assets (approximation) | - | -€2,130 | -€52,784 | -€17,755 | -€1,032 | ▲ 94.2% |
| Change in cash | - | -€212,279 | -€56,570 | -€21,273 | -€6,786 | ▲ 68.1% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
09-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Back to profitnet €678
Net result €678 after one loss-making year.
07-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
02-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
28-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
01-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Back to profitnet €336,614
Net result €336,614 after 3 loss-making years.
31-12
Financial
Liquidity times 6current ratio 17.04
Current ratio from 2.77 to 17.04; short-term debt falls from €97,664 to €37,782.
31-12
Financial
Equity above €500,000Eq €787,439 ▲74.7%
Equity rises from €450,825 to €787,439.
12-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Weakest financial yearnet -€44,615
Net result drops to -€44,615, the lowest in the series; recovery starts the following year.
29-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
Show earlier events
2019
25-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
22-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
03-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts
We know of 5 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
5 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, Sint-Katelijne-Waver · 1 establishment unit since 1993
Ground area
411 m²
Building footprint
209 m²
Volume, LiDAR
1,680 m³
Parcel 12035B0725/00F002, Flanders · tallest building 12.8 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Modelairtools
since 19932.063.867.614
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 12035B0725/00F002 | Flanders | 411 m² | 1 · 209 m² | 12.8 m · 3 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.
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Of 432 companies in sector 46869 we hold annual accounts for 244. 174 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded23-09-1993
Fiscal year end31-12
Activities, NACEBEL 2025
46869Wholesale trade
46499Wholesale of other household goods
47789Other retail sale of new goods
68201Renting and operating of own or leased residential real estate, excluding social housing
Scores and ratios are computed by Checked and are not a credit decision.