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NETWORK AIRLINE SERVICES

Active
Private limited companyfounded 199927 years activeBedrijvenzone Machelen-Cargo 835, 1830 Machelen (Brab.), BelgiumKBO/BCE: BE 0466.014.922
Summary

NETWORK AIRLINE SERVICES has been active since 1999 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €86,435 and a net result of €195,286. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 21% of 38 sector peers (NACE 51, fiscal year 2025). The computed 12-month bankruptcy probability is 1.4% (low).

Overview

Activity
Air transport
NACE 51210Logistics services NACE 52250
#5 oldest company in Flemish Brabant, Air transport sector2 sites
Size
€2.7mtotal assets 2025
Staff
11.6 FTE
Equity
€86,435
Profit
€195,286
Turnover not published (abridged schema)
Financial health
63 Healthy Checked score 2025
Bankruptcy probabilitywithin 12 months
1.4%
Structure
Parent
A.N.A. Aviation Group Holdings Limited
Auditor: FINVISION Bedrijfsrevisoren AntwerpenAccounts 15 days early
Why 63- 2 changes of registered office in 24 months- Equity €86,435 (3.2% of total assets)+ Liquidity: current ratio 1.03, cash €1.7m+ Founded in 1999Show the evidence

Checked score

Score 2025
63 / 100
Healthy
Probability in this band: 0.55% to 1.5%
Financially better than 40% of its sector peers (all companies)
Financial strength · tick = 2024
Average
Solvency 28-24
equity 3.2% of total assets
Liquidity 50-11
short-term debt 96.8% · cash 63.2%
Profitability 78-4
return on assets 7.1%
Bankruptcy probability, 12 months
1.4% Low
0%0.5%1.5%4%10%≥ 25%

About 1 in 100 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.1% (18 companies)
Last 24 months 11-2024: 0.2% 12-2024: 0.2%● unchanged vs 11-2024 01-2025: 0.2%● unchanged vs 12-2024 02-2025: 0.2%● unchanged vs 01-2025 03-2025: 0.3%▲ +0.1 percentage points vs 02-2025 04-2025: 0.3%● unchanged vs 03-2025 05-2025: 0.3%● unchanged vs 04-2025 06-2025: 0.3%● unchanged vs 05-2025 07-2025: 0.4%▲ +0.1 percentage points vs 06-2025 08-2025: 0.1%▼ -0.3 percentage points vs 07-2025lowest value 09-2025: 0.1%● unchanged vs 08-2025lowest value 10-2025: 0.1%● unchanged vs 09-2025lowest value 11-2025: 0.1%● unchanged vs 10-2025lowest value 12-2025: 0.1%● unchanged vs 11-2025lowest value 01-2026: 0.2%▲ +0.1 percentage points vs 12-2025 02-2026: 0.2%● unchanged vs 01-2026 03-2026: 0.3%▲ +0.1 percentage points vs 02-2026 04-2026: 0.3%● unchanged vs 03-2026 05-2026: 0.4%▲ +0.1 percentage points vs 04-2026 06-2026: 0.4%● unchanged vs 05-2026 07-2026: 0.4%● unchanged vs 06-2026 08-2026: 0.5%▲ +0.1 percentage points vs 07-2026 09-2026: 1.4%▲ +0.9 percentage points vs 08-2026highest value 10-2026: 1.4%● unchanged vs 09-2026highest value
Credit up to €5,000 at 30 days acceptable
Liquidity tight (current ratio 1.03 against 1.36 in 2024; short-term debt: 96.8% and cash: 63.2% of total assets), and 96.8% of the assets are financed with debt.
How it is calculated

The band follows from the bankruptcy probability, on a scale where 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 (all companies): better than 13% on solvency, 62% on liquidity, 79% on profitability and 4% on growth.

The bankruptcy probability was computed on 07-10-2026 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.

Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).

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Signals

Six signals.
−lowers risk+raises risk○neutral
raises risk · 2 changes of registered office in 24 months
Belgian State Gazette
raises risk · Equity €86,435 (3.2% of total assets)
NBB · annual accounts
lowers risk · Liquidity: current ratio 1.03, cash €1.7m
NBB · annual accounts
lowers risk · Founded in 1999
How long the company has existed counts in the probability; how much depends on the rest of its profile.
KBO
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 21% of 38 sector peers (2025).
NBB · sector comparison
Position among 38 sector peers
Solvency
better than 21%
← weakest strongest →
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 16-07-2026, 15 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
15 days early
2024
30 days early
2023
27 days early
2022
45 days early
2021
16 days early
2020
31 days early
2019
29 days 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 28 days before the deadline; the sector median for financial year 2024 is 8 days before the deadline, and 35% 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. Usually files around 5 July (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Position in the running window
08-10-2026 today31-12-2026 close31-07-2027 deadline
neutral · No strike-offs in the KBO publications
Checked from 2021 on.
KBO publications · our coverage
  1. Registered officeCorrection · Power of attorney
  2. Annual accounts filedfiscal year 2025 · abbreviated…
  3. Registered officeRegistered-office move · Power of…

Key points

  • Caution: Equity fell in 2025from €791,148 to €86,435 ▼ 89.1% View
  • Positive: Among the best 15% on net resultsector median €9,874 · 38 companies €195,286 View
  • Controlled by A.N.A. Aviation Group Holdings… parent View
  • Positive: Always filed on timeaccounts within the deadline every year 7 years View
  • Positive: 6 profitable years in a rowprofit 2025: €195,286 6 years View

By topic

Financials

Fiscal year
2025
Total assets
€2.7m
Profit
€195,286
Solvency
3.2%
Total assets▼ 7.0%
Net result
20182025
Go to Financials

Board & ownership

Board
2 members
Parent
A.N.A. Aviation Group Holdings…
Auditor
FINVISION Bedrijfsrevisoren Antwerpen
  • BALLARD Andrew MichaelDirector
  • Alexander Van VilsterenDirector
Go to Board & ownership

Timeline

Events
32
Since
2005
Next accounts
by 31-07-2027
  1. 01-07-2025Annual accounts filed
  2. 31-12-2024Highest result since 2018
  3. 31-12-2024Equity above €500,000
Go to Timeline

Company details

Sites
2
Legal form
Private limited company
Activity
Air transportNACE 51210
Founded
07-05-1999
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

Articles of association

Provisions read
1
Purpose
De bemiddeling bij het verzenden van goederen en alle handelingen in verband met het…
Go to Articles of association

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