Financials
- Fiscal year
- 2024
- Total assets
- €3.3m
- Loss
- -€291,625
- Solvency
- -0.3%
Total assets▼ 9.0%
Net result
20192024
Pilatus Five
ActiveSummary
The computed 12-month bankruptcy probability of Pilatus Five is 5.9% (elevated). The 2024 annual accounts show negative equity (-€10,576) and a net result of -€291,625. Equity is shrinking by ~25.5% per year across the filed fiscal years. Its solvency ranks better than 14% of 526 sector peers (fiscal year 2024). The company has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals.
Overview
What they do
Rental and leasing activities
NACE 77350
1 site
How big
€3.3mtotal assets 2024
- Equity
- -€10,576
- Loss
- -€291,625
Who decides
- Largest shareholder
- EUROPEAN AIRCRAFT PRIVATE CLUB · 28%
Accounts 63 d overdue0 of 2 deeds read
Why 33- Liquidity: current ratio 0.16, cash €414- Figures for FY 2024 (filed 08-11-2025)- 1 financial year not filed after the legal deadline; latest accounts 97 days late; 1 of the last 3 late+ Size: total assets €3.3mShow the evidence
Checked score
Score 2024
33
/ 100
Weak
Probability in this band: 4.2% to 15.0%
Better than 8% of its sector peers (NACE 77, small)
Performance against the sector, not lower risk
Financial strength · tick = 2023
Weak
Solvency
25-8
equity -0.3% of total assets
Liquidity
30-3
short-term debt 42.4% · cash 0.0%
Profitability
10+3
return on assets -9.0%
Bankruptcy probability, 12 months
5.9%
Elevated
0%0.5%1.5%4%10%≥ 25%
About 6 in 100 comparable companies go bankrupt within 12 months (an estimate).
- Liquidity: current ratio 0.16, cash €414 raises the probability
- Figures for FY 2024 (filed 08-11-2025) raises the probability
- 1 financial year not filed after the legal deadline; latest accounts 97 days late; 1 of the last 3 late raises the probability
- Size: total assets €3.3m lowers the probability for this profile
No credit on open account
Liquidity short (current ratio 0.16 against 0.24 in 2023; short-term debt: 42.4% and cash: 0% of total assets), and equity is negative.
How it is calculated
The band comes from the bankruptcy probability on a scale of 0 to 100: every 10 points more double the odds of getting through the year without bankruptcy.
| 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% |
Place inside the band: half the bankruptcy probability, half how the company does against its sector peers (NACE 77, small). Better than this share of them on solvency 6%, liquidity 21%, profitability 4%, growth against the median 3%. That is performance, not lower risk; the band itself always comes from the probability.
Bankruptcy probability: model pd-v3.202610021621, computed on 02-10-2026. The model learns from Belgian bankruptcies and reads the registers, the annual accounts and the gazette.
Ceilings: negative or zero equity, a heavy loss, a special KBO legal situation and a missing filing 59 (two missing 44), an ongoing judicial reorganisation or an ending 24. Financial strength does not count in the score.
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Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk
raises risk · Negative equity
The 2024 annual accounts show negative equity and a net loss.
NBB · annual accounts 2024Equity per financial year
192021222324
2019 to 2024 · latest year -€10,576
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 05-11-2025, 97 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 6 filingsDeviation from the deadline
2025
not confirmed
2024
97 d late
2023
30 d late
2022
14 d early
2021
29 d late
2020
89 d late
2019
104 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 56 days after the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 39% of the sector filed late.
Checked, nothing found (1)
- Annual accounts filedfiscal year 2024 · full…
- Annual accounts filedfiscal year 2023 · full…
- Annual accounts filedfiscal year 2022 · full…
Key points
- Risk: Negative equityfiscal year 2024: debts exceed assets -€10,576 View
- Risk: 6 loss-making years in a rowloss fiscal year 2024 -€291,625 View
- Caution: Among the weakest 9% on net resultsector median €41,130 · 527 companies -€291,625 View
- Caution: Accounts not fileddeadline was 31-07-2026 63 d late View
By topic
Board & ownership
- Largest shareholder
- EUROPEAN AIRCRAFT PRIVATE CLUB · 28%
Timeline
- Events
- 6
- Since
- 2020
- 05-11-2025Annual accounts filed
- 30-08-2024Annual accounts filed
- 17-07-2023Annual accounts filed
Company details
- Sites
- 1
- Legal form
- Public limited company
- Activity
- Rental and leasing activitiesNACE 77350
- Founded
- 03-12-2018
- Year ends
- 31-12
- Peppol
- Reachable for e-invoices
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