MOUNTAINAIR
ActiveMOUNTAINAIR has been active since 1999 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €33k and a net result of €-18k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 18% of 942 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2025
23
/ 100
Critical▲ +8 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability0=
Solvency4▼-4
Growth32=
Stability100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.44 against 0.61 in 2024), and 94.4% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Eight signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
Sector 52
higher
← 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
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
5.6%
Return on assets
-3%
Age of the figures
8 mo
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity fell accordingly. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year -€18k
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 18% of 942 sector peers (2025).
NBB · sector comparisonPosition among 942 sector peers
Solvency
better than 18%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 17-08-2026, 17 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
17 d late
2024
26 d late
2023
57 d late
2022
31 d late
2021
26 d late
2020
32 d early
2019
39 d early
← 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
15-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€33k▼ 34.6%
2024 · €51k
2018: €61k
2019: €19k
2020: €98k
2021: €158k
2022: €137k
2023: €94k
2024: €51k
2018 → 2025
Total assets
€592k▼ 5.0%
2024 · €624k
2018: €510k
2019: €493k
2020: €567k
2021: €624k
2022: €771k
2023: €692k
2024: €624k
2018 → 2025
Net result
€-18k▲ 59.1%
2024 · €-43k
2018: €-3k
2019: €-42k
2020: €79k
2021: €60k
2022: €-21k
2023: €-43k
2024: €-43k
2018 → 2025
Working capital
€-58k▼ 40.9%
2024 · €-41k
2018: €-40k
2019: €-126k
2020: €-43k
2021: €114k
2022: €34k
2023: €-5k
2024: €-41k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€158k-€137k▼ 13.5%€94k▼ 31.6%€51k▼ 45.8%€33k▼ 34.6%
Operating result€106k-€-9k€-31k▼ 257%€-31k▼ 0.9%€-4k▲ 86.3%
Net result€60k-€-21k€-43k▼ 103%€-43k▲ 0.8%€-18k▲ 59.1%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €4k in 2025 against €31k in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €592k
Fixed assets
€546k▼ 2.1%
Current assets
€46k▼ 29.7%
Equity and liabilities €592k
Equity
€33k▼ 34.6%
Debt
€559k▼ 2.4%
The debt ratio rises from 91.9% to 94.4%: equity shrinks faster than debt is paid down.
Key figures and ratios
EBITDA
€22k▲
2024 · €-840
Cash flow
€9k▲
2024 · €-12k
Solvency
5.6%▼
2024 · 8.1%
Current ratio
0.44▼
2024 · 0.61
Quick ratio
0.44▼
2024 · 0.61
Debt / equity
16.84▲
2024 · 11.29
ROE
-52.8%▲
2024 · -84.6%
ROA
-3.0%▲
2024 · -6.9%
Interest coverage
1.76▲
2024 · -0.08
Debt
€559k▼
2024 · €573k
Debt ≤ 1 year
€104k▼
2024 · €107k
Debt > 1 year
€455k▼
2024 · €465k
Income taxes
€1k▼
2024 · €1k
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€624k€592k▼
Fixed assets21/28€558k€546k▼
Tangible fixed assets22/27€534k€522k▼
Land and buildings22€531k€522k▼
Furniture and vehicles24€3k€807▼
Financial fixed assets28€24k€24k=
Current assets29/58€65k€46k▼
Amounts receivable after more than one year29€5k€0▼
Other amounts receivable291€5k€0▼
Amounts receivable within one year40/41€42k€25k▼
Trade receivables40€20k€5k▼
Other amounts receivable41€22k€20k▼
Cash at bank and in hand54/58€3k€5k▲
Deferred charges and accrued income490/1€16k€16k▲
Equity and liabilities
Total equity and liabilities10/49€624k€592k▼
Equity10/15€51k€33k▼
Contributions10/11€20k€20k=
Reserves13€138k€136k▼
Distributable reserves133€138k€136k▼
Profit (loss) carried forward14€-108k€-123k▼
Amounts payable17/49€573k€559k▼
Amounts payable after more than one year17€465k€455k▼
Financial debts170/4€465k€455k▼
Amounts payable within one year42/48€107k€104k▼
Current portion of amounts payable after more than one year42€23k€23k▲
Trade debts44€15k€3k▼
Suppliers440/4€15k€3k▼
Advances received on contracts in progress46€0-
Taxes, remuneration and social security45€4k€3k▼
Taxes450/3€4k€3k▼
Other amounts payable47/48€65k€75k▲
Accrued charges and deferred income492/3€896€48▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€31k€26k▼
Other operating charges640/8€5k€5k▲
Gross operating margin9900€4k€27k▲
Operating profit (loss)9901€-31k€-4k▲
Financial income75/76B€483€390▼
Recurring financial income75€483€390▼
Financial charges65/66B€11k€12k▲
Recurring financial charges65€11k€12k▲
Profit (loss) for the period before taxes9903€-42k€-16k▲
Income taxes67/77€1k€1k▼
Profit (loss) for the period9904€-43k€-18k▲
Profit (loss) for the period to be appropriated9905€-43k€-18k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-108k€-125k▼
Profit (loss) brought forward from the previous period14P€-65k€-108k▼
Transfer from equity791/2-€2k
The notes to these accounts (14 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
17-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 17 days late
2025
26-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 26 days late
2024
26-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 57 days late
2023
31-12
Financial
Weakest financial yearnet €-43k
Net result drops to €-43k, the lowest in the series; recovery starts the following year.
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 31 days late
2022
26-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 26 days late
2021
31-12
Financial
Liquidity triplescurrent ratio 2.16
Current ratio from 0.77 to 2.16; short-term debt falls from €188k to €98k.
31-12
Financial
Equity above €150kEq €158k ▲61.2%
2 profitable years in a row build equity to €158k.
29-06
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Back to profitnet €79k
Net result €79k after 2 loss-making years.
22-06
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
23-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 23 days late
2018
29-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
26-06
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.
Directors · office · real estate
Directors
1 act for this company is 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, Zutendaal · 1 establishment unit since 1999
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.
Noordlaan 743690 ZutendaalGround area
1,897 m²
Building footprint
227 m²
Parcel 71067A0029/00R000, Flanders. Linked by address, not a title deed.
1 establishment unit
Noordlaan 74, 3690 Zutendaal
since 19992.091.508.159
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71067A0029/00R000 | Flanders | 1,897 m² | 1 · 227 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.
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NAUTILUS
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EXO7
BE 0891.573.025
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Of 527 companies in sector 52230 we hold annual accounts for 278. 178 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded01-04-1999
Fiscal year end31-12
Activities, NACEBEL
52230Warehousing and support activities for transportation
63230
Sources
Crossroads Bank for EnterprisesNational Bank · 26 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.