Financials
- Fiscal year
- 2024
- Total assets
- €2.7m
- Loss
- -€264,045
- Solvency
- 3.0%
Total assets▼ 9.8%
Net result
20182024
PILATUS TWO
ActiveSummary
The computed 12-month bankruptcy probability of PILATUS TWO is 3.3% (moderate). The annual accounts of PILATUS TWO for fiscal year 2024 show a net loss of 76% of the equity at the start of that year. The 2024 annual accounts show equity of €81,413 and a net result of -€264,045. Equity is shrinking by ~17.4% per year and would, assuming unchanged policy, indicatively turn negative around fiscal year 2026. Its solvency ranks better than 15% of 526 sector peers (fiscal year 2024). The company has been active since 2015 and the Belgian State Gazette contains no insolvency or warning signals.
Overview
Activity
Rental and leasing activities
NACE 77350
1 site
Size
€2.7mtotal assets 2024
- Equity
- €81,413
- Loss
- -€264,045
Structure
- Largest shareholder
- EUROPEAN AIRCRAFT PRIVATE CLUB · 28%
Accounts 64 d overdue0 of 2 deeds read
Why 48- Figures for FY 2024 (filed 02-07-2025)- Liquidity: current ratio 0.32, cash €3, halved- Equity €81,413 (3.0% of total assets)+ Size: total assets €2.7mShow the evidence
Checked score
Score 2024
48
/ 100
Fair
Probability in this band: 1.5% to 4.2%
Better than 9% of its sector peers (NACE 77, small)
Performance against the sector, not lower risk
Financial strength · tick = 2023
Weak
Solvency
28-8
equity 3.0% of total assets
Liquidity
29-4
short-term debt 43.5% · cash 0.0%
Profitability
10+4
return on assets -9.6%
Bankruptcy probability, 12 months
3.3%
Moderate
0%0.5%1.5%4%10%≥ 25%
About 3 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
11-2024: 0.6%lowest value
12-2024: 0.6%● 0.0% vs 11-2024lowest value
01-2025: 0.6%● 0.0% vs 12-2024lowest value
02-2025: 0.6%▲ +1.9% vs 01-2025
03-2025: 0.8%▲ +16.9% vs 02-2025
04-2025: 0.8%● 0.0% vs 03-2025
05-2025: 0.8%▲ +2.8% vs 04-2025
06-2025: 1.0%▲ +24.5% vs 05-2025
07-2025: 1.0%▲ +2.5% vs 06-2025
08-2025: 1.1%▲ +8.4% vs 07-2025
09-2025: 1.1%● 0.0% vs 08-2025
10-2025: 1.1%● 0.0% vs 09-2025
11-2025: 1.1%● 0.0% vs 10-2025
12-2025: 1.1%● 0.0% vs 11-2025
01-2026: 1.1%● 0.0% vs 12-2025
02-2026: 1.1%▼ -0.3% vs 01-2026
03-2026: 1.2%▲ +15.6% vs 02-2026
04-2026: 1.2%● 0.0% vs 03-2026
05-2026: 1.2%▼ -5.9% vs 04-2026
06-2026: 1.2%▲ +1.0% vs 05-2026
07-2026: 1.2%▲ +0.5% vs 06-2026
08-2026: 1.7%▲ +41.8% vs 07-2026
09-2026: 2.0%▲ +18.9% vs 08-2026
10-2026: 3.3%▲ +63.6% vs 09-2026highest value
- Figures for FY 2024 (filed 02-07-2025) raises the probability
- Liquidity: current ratio 0.32, cash €3, halved raises the probability
- Size: total assets €2.7m lowers the probability for this profile
- Equity €81,413 (3.0% of total assets) raises the probability
Credit up to €3,500 at 30 days only on tighter terms
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity short (current ratio 0.32 against 0.41 in 2023; short-term debt: 43.5% and cash: 0% of total assets), and 97% of the assets are financed with debt.
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 9%, liquidity 20%, 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 03-10-2026. 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
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Persistent losses
Two consecutive loss-making years (2023 and 2024); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2024Net result per financial year
18192021222324
2018 to 2024 · latest year -€264,045
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 15% of 526 sector peers (2024).
NBB · sector comparisonPosition among 526 sector peers
Solvency
better than 15%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 30-06-2025, 31 days ahead of the deadline.
NBB · 9 filingsDeviation from the deadline
2025
not confirmed
2024
31 d early
2023
13 d early
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 27 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…
- Weakest financial yearnet -€314,808
Key points
By topic
Board & ownership
- Largest shareholder
- EUROPEAN AIRCRAFT PRIVATE CLUB · 28%
Timeline
- Events
- 10
- Since
- 2017
- 30-06-2025Annual accounts filed
- 18-07-2024Annual accounts filed
- 31-12-2023Weakest financial year
Company details
- Sites
- 1
- Legal form
- Public limited company
- Activity
- Rental and leasing activitiesNACE 77350
- Founded
- 13-11-2015
- Year ends
- 31-12
- Peppol
- Reachable for e-invoices
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