Equity
€370,269 =
A.I.S paid out €9.7m in dividends. That is 100% of the 2025 profit.
A.I.S
Lifetime
20 annual accounts with figures on one time axis, 21 filings since 2005peak €124,047 (2011)
€18,793▼ 84.4%
lowest -€29,357 (2019)
€9.7m▲ 1,458×
peak €370,269 (2024)
€370,269unchanged
€12.4m▲ 351%
peak 0 FTE (2018)
-not published
Board4 names since 2021
3 directorsDEGEZELLE Xavier and 2 others
Owners
100%DEVATRAN
Documentsfilings and deeds
30-06-202631 days before the deadline
2025financial year
Gross margin from €120,778 to €18,793Result from €6,635 to €9.7mDividend €9.7mDebts from €2.7m to €12.4mCash from €152,969 to €38,781
Key points
from the 2025 annual accountsResult
€9.7m ▲ 1,458×
The result rose in 2025: mostly from a one-off income of €9.7m.
Debts
€12.4m 97% of the balance sheet
After one year 0%Within one year 100%
Of this, €12.4m falls due within a year.
Liquidity
1.00 was 0.20 in 2024
Short-term debts rose from €2.7m to €12.4m.
Subsidiaries
-€2.8m
Subsidiary with negative equity. Spes Bona Renaix.
Position in the sector
2.9%
Lower solvency than 88% of companies in warehousing and transport support. Sector median 37.5% · 865 companies.
Checked score
81
Excellent
Financially stronger than 38% of medium-sized companies in warehousing and transport support (NACE 52)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.5% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.5% across 176 companies (NACE 52, medium-sized).
About 5 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.2%
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: 0.4%▲ +0.1 percentage points vs 05-2025
07-2025: 0.6%▲ +0.2 percentage points vs 06-2025highest value
08-2025: 0.2%▼ -0.4 percentage points vs 07-2025lowest value
09-2025: 0.2%● unchanged vs 08-2025lowest value
10-2025: 0.2%● unchanged vs 09-2025lowest value
11-2025: 0.2%● unchanged vs 10-2025lowest value
12-2025: 0.2%● unchanged vs 11-2025lowest value
01-2026: 0.2%● unchanged vs 12-2025lowest value
02-2026: 0.2%● unchanged vs 01-2026
03-2026: 0.2%● unchanged vs 02-2026
04-2026: 0.3%▲ +0.1 percentage points vs 03-2026
05-2026: 0.3%● unchanged vs 04-2026
06-2026: 0.4%▲ +0.1 percentage points vs 05-2026
07-2026: 0.5%▲ +0.1 percentage points vs 06-2026
08-2026: 0.5%● unchanged vs 07-2026
09-2026: 0.5%● unchanged vs 08-2026
10-2026: 0.5%● unchanged vs 09-2026
11-2026: 0.5%● unchanged vs 10-2026
Financial strengthWeak
Score breakdown
raises risk
Liquidity: current ratio 1.00, cash €38,781, halved
Sector: Warehousing and support activities for transportation (NACE 52)
Equity €370,269 (2.9% of total assets)
lowers risk
Size: total assets €12.8m
Calculation
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 52, medium-sized). It does better than 15% of them on solvency, 3% on liquidity, 99% on profitability and 34% on growth.
The bankruptcy probability was computed on 10-11-2026 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).
Comparable companies, two years later
In July 2024, 166 companies had the same profile as A.I.S has now. Each dot is one company, two years later.
96.4%
were still trading
1.8%
stopped another way
1.2%
went bankrupt
Another 0.6% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of A.I.S itself: 0.5% within 12 months.
Test of the method
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 166 companies, not a prediction for A.I.S. 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.
Credit verdict
Credit of up to €25,000 on 30-day terms is acceptable
Liquidity is insufficient, with a current ratio of 1.0 (0.2 in 2024), below 1. Short-term debt is 96.9% and cash 0.3% of total assets. 97.1% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Six signals.
lowers riskraises riskneutral
raises risk · Weak solvency compared with the sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 12% of 865 sector peers (2025).
NBB · sector comparisonPosition among 865 sector peers
Solvency
better than 12%
← 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 30-06-2026, 31 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
31 days early
2024
13 days early
2023
15 days early
2022
13 days early
2021
13 days early
2020
9 days early
2019
32 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 9 days before the deadline. In the sector (NACE 52), the median for financial year 2024 was 8 days before the deadline, and 36% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 18 July (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
10-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0865583854
3 directors appointed, 1 reappointment
Reappointment: DEVATRAN (director) · Permanent representative: VANDEN BUVERIE Marleen · Appointments: DEGEZELLE Yves, DEGEZELLE Xavier and DEVATRAN (chair of the board) · Gazette deed
2 directors appointed, 1 resignation, 3 reappointments
Resignation: Marleen Vanden Buverie (managing director) · Reappointments: Yves Degezelle, Xavier Degezelle and DEVATRAN (managing director) · Permanent representatives: Marleen Vanden Buverie and Ignace Degezelle · General meeting of 01-04-2023 · Gazette deed
Permanent representative: Ignace Degezelle
Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| A.I.S Tournai | - | - | 2.9% | - |
| FLORATRANS - SHIPPING Lochristi | - | - | 80.5% | - |
| ARAK Brecht | - | - | 25.3% | - |
| ASSOCIATED TERMINAL OPERATORS Antwerp | €21.3m | 6.1% | 60.7% | 44.2 |
| HUTCHISON PORTS BELGIUM Willebroek | €11.6m | 5.4% | 85.9% | 22.4 |
| ZUIDNATIE BREAKBULK Antwerp | €35.2m | 4.8% | 42.9% | 33.5 |
| HELLMANN WORLDWIDE LOGISTICS Antwerp | €32.2m | -0.3% | 27.1% | 32.5 |
These companies have the same main activity as A.I.S: warehousing and support activities for transportation (NACE 52220). They are comparable in size and age: total assets between €2.4m and €26m, founded between 2000 and 2007.
Official details
Source: KBO- Status
- Active since 03-06-2004Normal situation
- Activity
- Warehousing and support activities for transportationNACE 52220
- Establishment unit
- 2.137.429.0487500 Tournai, since 03-06-2004
- Financial year end
- 31 December
- Peppol
- Reachable since 19-12-2025
Annual accounts 2025
- ≈ €94,000estimated
- €12.8m▲ 309%
- Filing
- Filed on 30-06-2026, 31 days before the end of the filing period
Insights on A.I.S
A.I.S has existed since 2004. In 2011 the gross margin rose from €9,803 to €124,047.
Solvency fell in 2025 from 11.9% to 2.9% because of the dividend.
DEVATRAN holds all the shares. In April 2023, the Official Gazette published the appointment of DEGEZELLE Xavier as managing director.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about A.I.S
- What is the company number of A.I.S?
- The company number of A.I.S is 0865.583.854. The VAT number is the same number with BE in front: BE 0865.583.854.
- Where is A.I.S based?
- The registered office is at Avenue de Maire 111, 7500 Tournai.Company details
- What does A.I.S do?
- According to the KBO register, the main activity is warehousing and support activities for transportation (NACE 52220).
- What is the legal form of A.I.S?
- A.I.S is a public limited company (NV).
- When was A.I.S founded?
- A.I.S was founded on 03-06-2004.
- Is A.I.S still active?
- Yes, A.I.S is an active enterprise in the KBO register.
- What is the turnover of A.I.S?
- The turnover in financial year 2025 is ≈ €94,000. This figure is estimated from the gross margin of €18,793 and 35 comparable companies (NACE 522). It probably lies between €45,000 and €170,000. It is a rough estimate.Financials
- Is A.I.S profitable?
- In financial year 2025, A.I.S made a profit of €9.7m.
- Where can I find the annual accounts of A.I.S?
- A.I.S filed 21 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of A.I.S due?
- A.I.S must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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