OPENAIR
ActiveSummary
OPENAIR has been active since 2006 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €228,527 and a net result of -€45,116. Equity is growing by ~4.3% per year across the filed fiscal years. The computed 12-month bankruptcy probability is 1.0% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability19▼-31
Solvency55▼-5
Growth52=
Track record100
Bankruptcy probability, 12 months
1.0%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €10,000 at 30 days acceptable
Liquidity short (current ratio 0.56 against 0.57 in 2024; short-term debt: 42.5% and cash: 3.8% of total assets), and 69.6% of the assets are financed with debt.
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Signals
Three 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
neutral · Filed after the deadline
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 20-05-2026, 20 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
20 d late
2024
on the day
2023
1 d early
2022
4 d late
2021
3 d late
2020
6 d late
2019
1 d late
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 7 accounts on average 5 days after the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today. Usually files around 3 May (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
28-09-2026 today30-09-2026 close30-04-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
Equity
€228,527▼ 16.5%
2024 · €273,643
Total assets
€752,334▼ 2.6%
2024 · €772,677
Net result
-€45,116
2024 · €3,792
Working capital
-€139,853▼ 17.0%
2024 · -€119,500
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€53,695▼ 38.7%€12,842▼ 76.1%€37,061▲ 189%€28,611▼ 22.8%-€25,465
Net result€28,784▼ 49.5%-€8,624€12,759€3,792▼ 70.3%-€45,116
Equity€267,315▲ 12.1%€258,691▼ 3.2%€269,850▲ 4.3%€273,643▲ 1.4%€228,527▼ 16.5%
Total assets€947,351▲ 11.0%€936,125▼ 1.2%€848,415▼ 9.4%€772,677▼ 8.9%€752,334▼ 2.6%
Debt€680,036▲ 10.5%€677,434▼ 0.4%€578,565▼ 14.6%€499,034▼ 13.7%€523,806▲ 5.0%
Working capital-€128,984▲ 1.7%-€150,683▼ 16.8%-€132,240▲ 12.2%-€119,500▲ 9.6%-€139,853▼ 17.0%
Staff (FTE)0.8▼ 20.0%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €25,465 after €28,611 in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €752,334
Fixed assets
€572,283 ▼ 7.0%
Current assets
€180,050 ▲ 14.5%
Equity and liabilities €752,334
Equity
€228,527 ▼ 16.5%
Debt
€523,806 ▲ 5.0%
Debt's share of the balance-sheet total rises from 64.6% to 69.6%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€18,853▼
2024 · €78,876
Cash flow
-€798▼
2024 · €54,058
Current ratio
0.56▼
2024 · 0.57
Debt to equity
2.29▲
2024 · 1.82
ROE
-19.7%▼
2024 · 1.4%
ROA
-6.0%▼
2024 · 0.5%
Interest coverage
0.95▼
2024 · 3.69
Debt ≤ 1 year
€319,903▲
2024 · €276,727
Debt > 1 year
€196,283▼
2024 · €221,121
Income taxes
€466▼
2024 · €3,459
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 2,688 companies that looked in July 2024 the way this one looks now, 0.5% went bankrupt within 24 months and 94% are still going.
- Small
- 10 to 20 years old
- solvency 30% or more
- a small loss
0.5%
went bankrupt
5.4%
stopped otherwise
94%
still going
A further 0.4% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a higher bankruptcy probability: 1.0% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 2,688 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €58,756 | €6,615 | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €44,791 | €46,808 | €50,617 | €50,265 | €44,318 | ▼ 11.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | €4,111 | - | €8,904 | - |
| Other operating charges640/8 | €5,400 | €7,486 | €18,399 | €5,505 | €3,055 | ▼ 44.5% |
| Gross operating margin9900 | €162,641 | €73,751 | €110,187 | €84,382 | €30,811 | ▼ 63.5% |
| Operating profit (loss)9901 | €53,695 | €12,842 | €37,061 | €28,611 | -€25,465 | ▼ 189% |
| Financial income75/76B | €36 | €21 | €229 | €26 | €565 | ▲ 2,065% |
| Recurring financial income75 | €36 | €21 | €229 | €26 | €565 | ▲ 2,065% |
| Financial charges65/66B | €16,559 | €21,087 | €20,754 | €21,386 | €19,750 | ▼ 7.6% |
| Recurring financial charges65 | €16,559 | €21,087 | €20,754 | €21,386 | €19,750 | ▼ 7.6% |
| Profit (loss) for the period before taxes9903 | €37,171 | -€8,224 | €16,536 | €7,251 | -€44,650 | ▼ 716% |
| Income taxes67/77 | €8,387 | €400 | €3,776 | €3,459 | €466 | ▼ 86.5% |
| Profit (loss) for the period9904 | €28,784 | -€8,624 | €12,759 | €3,792 | -€45,116 | ▼ 1,290% |
| Profit (loss) for the period to be appropriated9905 | €28,784 | -€8,624 | €12,759 | €3,792 | -€45,116 | ▼ 1,290% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €947,351 | €936,125 | €848,415 | €772,677 | €752,334 | ▼ 2.6% |
| Fixed assets21/28 | €715,715 | €714,382 | €664,265 | €615,449 | €572,283 | ▼ 7.0% |
| Tangible fixed assets22/27 | €715,465 | €714,132 | €663,515 | €615,199 | €572,033 | ▼ 7.0% |
| Land and buildings22 | €671,461 | €656,351 | €624,153 | €591,956 | €559,759 | ▼ 5.4% |
| Plant, machinery and equipment23 | €5,680 | €3,793 | €2,240 | €1,071 | €1,205 | ▲ 12.5% |
| Furniture and vehicles24 | €38,324 | €53,988 | €37,121 | €22,172 | €11,069 | ▼ 50.1% |
| Financial fixed assets28 | €250 | €250 | €750 | €250 | €250 | = |
| Current assets29/58 | €231,636 | €221,743 | €184,150 | €157,227 | €180,050 | ▲ 14.5% |
| Amounts receivable within one year40/41 | €222,296 | €216,968 | €173,284 | €135,734 | €146,601 | ▲ 8.0% |
| Trade receivables40 | €214,708 | €204,737 | €164,678 | €130,531 | €124,510 | ▼ 4.6% |
| Other amounts receivable41 | €7,587 | €12,230 | €8,606 | €5,203 | €22,091 | ▲ 325% |
| Cash at bank and in hand54/58 | €5,816 | €1,677 | €3,568 | €17,119 | €28,725 | ▲ 67.8% |
| Deferred charges and accrued income490/1 | €3,524 | €3,099 | €7,298 | €4,374 | €4,724 | ▲ 8.0% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €947,351 | €936,125 | €848,415 | €772,677 | €752,334 | ▼ 2.6% |
| Equity10/15 | €267,315 | €258,691 | €269,850 | €273,643 | €228,527 | ▼ 16.5% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €3,577 | €3,577 | €3,577 | €3,577 | €3,577 | = |
| Non-distributable reserves130/1 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Reserves not available under the articles1311 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Tax-exempt reserves132 | €1,717 | €1,717 | €1,717 | €1,717 | €1,717 | = |
| Profit (loss) carried forward14 | €245,139 | €236,514 | €247,674 | €251,466 | €206,350 | ▼ 17.9% |
| Amounts payable17/49 | €680,036 | €677,434 | €578,565 | €499,034 | €523,806 | ▲ 5.0% |
| Amounts payable after more than one year17 | €319,229 | €304,864 | €261,026 | €221,121 | €196,283 | ▼ 11.2% |
| Financial debts170/4 | €319,229 | €304,864 | €261,026 | €221,121 | €185,183 | ▼ 16.3% |
| Other amounts payable178/9 | - | - | - | - | €11,100 | - |
| Amounts payable within one year42/48 | €360,620 | €372,426 | €316,390 | €276,727 | €319,903 | ▲ 15.6% |
| Current portion of amounts payable after more than one year42 | €36,091 | €42,646 | €43,838 | €39,905 | €35,938 | ▼ 9.9% |
| Financial debts43 | €39,909 | €24,971 | €79,365 | €88,283 | €137,328 | ▲ 55.6% |
| Credit institutions430/8 | €39,909 | €24,971 | €79,365 | €88,283 | €137,328 | ▲ 55.6% |
| Trade debts44 | €202,116 | €222,799 | €113,186 | €90,742 | €98,037 | ▲ 8.0% |
| Suppliers440/4 | €202,116 | €222,799 | €113,186 | €90,742 | €98,037 | ▲ 8.0% |
| Taxes, remuneration and social security45 | €10,274 | €4,000 | €9,156 | €4,143 | €466 | ▼ 88.8% |
| Taxes450/3 | €10,274 | €4,000 | €9,156 | €4,143 | €466 | ▼ 88.8% |
| Other amounts payable47/48 | €72,230 | €78,011 | €70,846 | €53,655 | €48,134 | ▼ 10.3% |
| Accrued charges and deferred income492/3 | €187 | €144 | €1,148 | €1,186 | €7,620 | ▲ 543% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €28,784 | -€8,624 | €12,759 | €3,792 | -€45,116 | ▼ 1,290% |
| + Depreciation and write-downs630 | €44,791 | €46,808 | €50,617 | €50,265 | €44,318 | ▼ 11.8% |
| Operating cash flow (approximation) | €73,575 | €38,184 | €63,376 | €54,058 | -€798 | ▼ 101% |
| Investment in fixed assets (approximation) | - | -€45,475 | -€500 | -€1,449 | -€1,152 | ▲ 20.5% |
| Change in cash | - | -€4,139 | €1,891 | €13,551 | €11,606 | ▼ 14.4% |
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
20-05
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 20 days late
2025
30-09
Financial
Weakest financial yearnet -€45,116
Net result drops to -€45,116, the lowest in the series.
30-04
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
29-04
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
30-09
Financial
Back to profitnet €12,759
Net result €12,759 after one loss-making year.
04-05
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 4 days late
2022
03-05
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 3 days late
2021
06-05
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 6 days late
2020
30-09
Financial
Equity above €200,000Eq €238,531 ▲31.4%
3 profitable years in a row build equity to €238,531.
01-05
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 1 day late
2019
30-09
Financial
Highest result since 2018net €78,408 ▲55.2%
Operating result €102,417, net result €78,408, both a record.
30-09
Financial
Equity above €150,000Eq €181,536 ▲76%
2 profitable years in a row build equity to €181,536.
Show earlier events
30-04
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
14-05
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 14 days late
2017
29-05
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 29 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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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, Overijse · 1 establishment unit since 2012
Ground area
3,708 m²
Building footprint
59 m²
Parcel 23062N0041/02F034, Flanders. Linked by address, not a title deed.
1 establishment unit
OPENAIR
since 20122.216.809.690
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23062N0041/02F034 | Flanders | 3,708 m² | 1 · 59 m² | - |
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.
Recognitions · licences · registrations
Recognised contractor
14 categoriesOPENAIR BV30542
Identification & contact
Identification
Legal formPrivate limited company (pre-2019)
Founded23-11-2006
Fiscal year end30-09
Activities, NACEBEL 2025
68121Development of residential building projects
68122Development of non-residential building projects
42110Construction of roads and motorways
71113Urban planning and landscape architecture
Contact
E-mail
info@openair.be
Phone
0472730739
E-invoicing
Reachable via Peppol
Peppol ID
0208:0885191316
Also
9925:BE0885191316
Registered
25-02-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.