P-AVIATION
ActiveP-AVIATION has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €42k and a net result of €50k. Equity remains stable across the filed fiscal years (±0% per year). Its solvency ranks better than 47% of 139 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.1% (low).
Checked score
Score 2025
78
/ 100
Excellent▼ -5 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability100=
Solvency64▲+15
Growth78=
Stability100
Bankruptcy probability, 12 months
1.1%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €4k at 30 days acceptable
Liquidity tight (current ratio 1.33 against 1.2 in 2024), and 63.6% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
36.4%
Return on assets
44.1%
Age of the figures
9 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 51
Relative position
BE, all sectors
reference
Sector 51
higher
← fewer bankruptcies
more bankruptcies →
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 20-04-2026, 102 days ahead of the deadline.
NBB · 7 filingsDeviation from the deadline
2025
102 d early
2024
37 d early
2023
41 d early
2022
40 d early
2021
39 d early
2020
39 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
16-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€42k=
2024 · €42k
2019: €34k
2020: €57k
2021: €89k
2022: €57k
2023: €69k
2024: €42k
2019 → 2025
Total assets
€115k▼ 20.7%
2024 · €144k
2019: €41k
2020: €73k
2021: €108k
2022: €132k
2023: €131k
2024: €144k
2019 → 2025
Net result
€50k▼ 10.6%
2024 · €56k
2019: €28k
2020: €23k
2021: €34k
2022: €30k
2023: €48k
2024: €56k
2019 → 2025
Working capital
€24k▲ 18.9%
2024 · €20k
2019: €17k
2020: €44k
2021: €75k
2022: €44k
2023: €63k
2024: €20k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€89k-€57k▼ 36.1%€69k▲ 21.8%€42k▼ 39.9%€42k=
Operating result€43k-€39k▼ 10.4%€61k▲ 57.3%€72k▲ 18.6%€65k▼ 10.3%
Net result€34k-€30k▼ 11.3%€48k▲ 59.5%€56k▲ 18.1%€50k▼ 10.6%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 10% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €115k
Fixed assets
€19k▼ 16.5%
Current assets
€96k▼ 21.5%
Equity and liabilities €115k
Equity
€42k=
Debt
€73k▼ 29.1%
The debt ratio falls from 71.1% to 63.6%: debt is paid down.
Key figures and ratios
EBITDA
€72k▼
2024 · €78k
Cash flow
€57k▼
2024 · €62k
Solvency
36.4%▲
2024 · 28.9%
Current ratio
1.33▲
2024 · 1.20
Quick ratio
1.33▲
2024 · 1.20
Debt / equity
1.75▼
2024 · 2.46
ROE
121.1%▼
2024 · 135.5%
ROA
44.1%▲
2024 · 39.1%
Interest coverage
54.05▼
2024 · 68.12
Debt
€73k▼
2024 · €103k
Debt ≤ 1 year
€72k▼
2024 · €102k
Income taxes
€13k▼
2024 · €15k
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€144k€115k▼
Fixed assets21/28€23k€19k▼
Tangible fixed assets22/27€23k€19k▼
Land and buildings22€5k€2k▼
Plant, machinery and equipment23-€1k
Furniture and vehicles24€18k€15k▼
Current assets29/58€122k€96k▼
Amounts receivable within one year40/41€26k€19k▼
Trade receivables40€26k€19k▼
Other amounts receivable41€327-
Cash at bank and in hand54/58€95k€77k▼
Equity and liabilities
Total equity and liabilities10/49€144k€115k▼
Equity10/15€42k€42k=
Contributions10/11€19k€19k=
Reserves13€23k€23k=
Distributable reserves133€23k€23k=
Amounts payable17/49€103k€73k▼
Amounts payable within one year42/48€102k€72k▼
Trade debts44€500€510▲
Suppliers440/4€500€510▲
Taxes, remuneration and social security45€27k€24k▼
Taxes450/3€25k€22k▼
Remuneration and social security454/9€2k€2k=
Other amounts payable47/48€74k€47k▼
Accrued charges and deferred income492/3€865€865=
Income statement
Code20242025
Non-recurring operating income76A€8k-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€5k€7k▲
Other operating charges640/8€742€730▼
Gross operating margin9900€78k€72k▼
Operating profit (loss)9901€72k€65k▼
Financial charges65/66B€1k€1k▲
Recurring financial charges65€1k€1k▲
Profit (loss) for the period before taxes9903€71k€64k▼
Income taxes67/77€15k€13k▼
Profit (loss) for the period9904€56k€50k▼
Profit (loss) for the period to be appropriated9905€56k€50k▼
Appropriation of the result
Profit (loss) to be appropriated9906€56k€50k▼
Transfer from equity791/2€28k-
Profit to be distributed694/7€84k€50k▼
Return on contributions (dividend)694€84k€50k▼
The notes to these accounts (5 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
20-04
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
24-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Highest result since 2019net €56k ▲18.1%
Operating result €72k, net result €56k, both a record.
20-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
21-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
22-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
22-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Weakest financial yearnet €23k ▼16.7%
Net result drops to €23k, the lowest in the series; recovery starts the following year.
22-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
3 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
Registered office, Brasschaat · 1 establishment unit since 2018
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.
Bredabaan 5822930 BrasschaatGround area
971 m²
Building footprint
130 m²
Volume, LiDAR
653 m³
Parcel 11324D0090/00E002, Flanders · tallest building 8.1 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
P-AVIATION
since 20182.282.983.486
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11324D0090/00E002 | Flanders | 971 m² | 1 · 130 m² | 8.1 m · 2 fl. |
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.
Similar companies · same sector, comparable size
Cassart Management Company
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Maison Lumieu
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CrossCheck
BE 0770.490.103
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VERMAIR CONTROLS
BE 0830.454.513
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BOOOST
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Of 451 companies in sector 51100 we hold annual accounts for 170. 121 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded19-12-2018
Fiscal year end31-12
Activities, NACEBEL
51100Air transport
Sources
Crossroads Bank for EnterprisesNational Bank · 7 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.