NEXTGEN AVIATION GROUP
InactiveNEXTGEN AVIATION GROUP was declared bankrupt on 05-01-2023 (Ondernemingsrechtbank Antwerpen, afdeling Antwerpen); the bankruptcy was closed for insufficient assets by judgment of 01-04-2025, published in the Belgian State Gazette on 14-04-2025.
Summary
Inactive; last annual accounts for fiscal year 2021.
Signals
Three signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Two or more financial years not filed
Since the financial year that closed on 31-12-2022, 4 financial years are missing at the National Bank. A company this far behind goes bankrupt within the year nineteen times as often as a punctual filer.
NBB · 9 filingsPosition against the passed deadline
31-12-2022 close31-07-2023 deadline24-09-2026 today
neutral · Filed after the deadline
The financial year that closed on 31-12-2021 was due by 31-07-2022 and was filed on 26-08-2022, 26 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 · 9 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
not filed
2021
26 d late
2020
32 d late
2019
70 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2021, micro schema
Turnover
€2.15M
EBIT margin
1.4%
Net result
€-448k▲ 21.1%
2020 · €-568k
2018: €16k
2019: €7k
2020: €-568k
2018 → 2021
Working capital
€-838k▼ 112%
2020 · €-396k
2018: €155k
2019: €177k
2020: €-396k
2018 → 2021
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2018201920202021Trend
Turnover€2.15M-
Equity€170k-€176k▲ 3.9%€-391k€-839k▼ 114%
Operating result€30k-€17k▼ 43.0%€-558k€-437k▲ 21.7%
Net result€16k-€7k▼ 58.8%€-568k€-448k▲ 21.1%
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 €437k in 2021 against €558k in 2020; the loss shrinks.
Balance-sheet composition
2021 in colour, 2020 as the grey bar beneath
Assets €201k
Fixed assets
€130 ▼ 99.3%
Current assets
€201k ▼ 52.4%
Key figures and ratios
EBITDA
€-432k▲
2020 · €-551k
Cash flow
€-443k▲
2020 · €-561k
Solvency
-417.8%▼
2020 · -88.8%
Current ratio
0.19▼
2020 · 0.52
Debt to equity
-1.24
ROA
-223.0%▼
2020 · -128.9%
Interest coverage
-28.94
Debt
€1.04M▲
2020 · €831k
Debt ≤ 1 year
€1.04M▲
2020 · €818k
Income taxes
€57▼
2020 · €3k
Staff costs
€44k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2021 against 2020 · 47 lines
Balance sheet
Code20202021
Assets
Total assets20/58€440k€201k▼
Fixed assets21/28€18k€130▼
Tangible fixed assets22/27€10k-
Financial fixed assets28€8k€130▼
Current assets29/58€422k€201k▼
Amounts receivable within one year40/41€406k€197k▼
Trade receivables40-€72k
Other amounts receivable41-€126k
Cash at bank and in hand54/58€2k€792▼
Deferred charges and accrued income490/1-€3k
Equity and liabilities
Total equity and liabilities10/49€440k€201k▼
Equity10/15€-391k€-839k▼
Contributions10/11€62k€62k=
Capital10-€62k
Issued capital100-€62k
Reserves13€6k€6k=
Non-distributable reserves130/1-€6k
Legal reserve130-€6k
Profit (loss) carried forward14€-459k€-907k▼
Amounts payable17/49€831k€1.04M▲
Amounts payable within one year42/48€818k€1.04M▲
Financial debts43-€59k
Credit institutions430/8-€59k
Trade debts44€278k€89k▼
Suppliers440/4-€89k
Taxes, remuneration and social security45-€20k
Taxes450/3-€14k
Remuneration and social security454/9-€6k
Other amounts payable47/48-€871k
Accrued charges and deferred income492/3-€695
Income statement
Code20202021
Remuneration, social security and pensions62-€44k
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€7k€5k▼
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4-€164k
Other operating charges640/8-€5k
Gross operating margin9900€-492k€-219k▲
Operating profit (loss)9901€-558k€-437k▲
Financial income75/76B-€4k
Recurring financial income75€732€33▼
Non-recurring financial income76B-€4k
Financial charges65/66B-€15k
Recurring financial charges65€7k€15k▲
Profit (loss) for the period before taxes9903€-565k€-448k▲
Income taxes67/77€3k€57▼
Profit (loss) for the period9904€-568k€-448k▲
Profit (loss) for the period to be appropriated9905€-568k€-448k▲
Appropriation of the result
Profit (loss) to be appropriated9906-€-907k
Profit (loss) brought forward from the previous period14P-€-459k
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
14-04
Bankruptcy
Bankruptcy closure (insufficient assets)
Ondernemingsrechtbank Antwerpen, afdeling Antwerpen · NEXTGEN AVIATION GROUP NV LUCHTHAVENLEI 1/30, 2100 DEURNE (ANTWERPEN) · event 01-04-2025
2023
11-01
Bankruptcy
Opening
Ondernemingsrechtbank Antwerpen, afdeling Antwerpen · NEXTGEN AVIATION GROUP NV LUCHTHAVENLEI 1/30, 2100 DEURNE (ANTWERPEN) · event 05-01-2023
2022
26-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 26 days late
2021
01-09
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 32 days late
2020
31-12
Financial
Weakest financial yearnet €-568k ▼8763%
Net result drops to €-568k, the lowest in the series.
09-10
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 70 days late
2019
23-09
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 54 days late
2018
13-11
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 105 days late
2017
28-09
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 59 days late
2016
30-08
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 30 days late
2015
15-10
NBB filing
Annual accounts filed
fiscal year 2014 · abbreviated schema · 76 days late
2014
30-09
NBB filing
Annual accounts filed
fiscal year 2013 · abbreviated schema · 61 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
6 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
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.
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | GREGORY BRUNEEL MUSEUMSTRAAT 31-33,
2000 ANTWERPEN 1 |
05-01-2023 → 01-04-2025 |
Public money · subsidies and aid
Flemish government
2022 · 1 entry · 135 EUR awarded · 135 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2022 | 1 | 135 EUR | 135 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)