PRIVJET
ActiveSummary
PRIVJET has been active since 2010 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show negative equity (-€7,858) and a net result of -€11,117. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 9% of 4345 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability0▼-6
Solvency0▼-39
Growth52=
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.72 against 1.19 in 2023; short-term debt: 138.8% and cash: 12.7% of total assets), and equity is negative.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
-38.8%
Return on assets
-54.9%
Age of the figures
21 mo
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 74
Relative position
BE, all sectors
reference
Other professional, scientific and technical activities (NACE 74)
about 48% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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
raises risk · Negative equity
The 2024 annual accounts show negative equity and a net loss.
NBB · annual accounts 2024Equity per financial year
18192021222324
2018 to 2024 · latest year -€7,858
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 03-12-2025, 125 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 · 10 filingsDeviation from the deadline
2025
not confirmed
2024
125 d late
2023
110 d late
2022
on the day
2021
88 d early
2020
75 d early
2019
78 d early
← 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 1 day before the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 38% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, micro schema
Equity
-€7,858
2023 · €3,259
Total assets
€20,263▼ 10.6%
2023 · €22,667
Net result
-€11,117▼ 372%
2023 · -€2,355
Working capital
-€7,946
2023 · €3,634
Trend over the years
In euros
In per cent
Ratio
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 74, Other professional, scientific and technical activities, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result€25,142▼ 15.6%€5,089▼ 79.8%€172▼ 96.6%-€967-€9,072▼ 838%
Net result€24,066above the sector's middle half▼ 10.8%€4,591within the sector's middle half▼ 80.9%-€688within the sector's middle half-€2,355below the sector's middle half▼ 242%-€11,117below the sector's middle half▼ 372%
Equity€1,712below the sector's middle half€6,303below the sector's middle half▲ 268%€5,615below the sector's middle half▼ 10.9%€3,259below the sector's middle half▼ 42.0%-€7,858below the sector's middle half
Total assets€12,507below the sector's middle half▲ 71.0%€14,366below the sector's middle half▲ 14.9%€15,152below the sector's middle half▲ 5.5%€22,667below the sector's middle half▲ 49.6%€20,263below the sector's middle half▼ 10.6%
Debt€10,795▼ 63.6%€8,063▼ 25.3%€9,537▲ 18.3%€19,408▲ 103%€28,121▲ 44.9%
Working capital€1,855within the sector's middle half€6,303within the sector's middle half▲ 240%€4,910within the sector's middle half▼ 22.1%€3,634within the sector's middle half▼ 26.0%-€7,946below the sector's middle half
Solvency13.7%within the sector's middle half▲ 319.3pp43.9%within the sector's middle half▲ 30.2pp37.1%within the sector's middle half▼ 6.8pp14.4%below the sector's middle half▼ 22.7pp-38.8%below the sector's middle half▼ 53.2pp
Current ratio1.18within the sector's middle half▲ 0.931.78within the sector's middle half▲ 0.601.51within the sector's middle half▼ 0.271.19within the sector's middle half▼ 0.320.72below the sector's middle half▼ 0.48
Return on assets (ROA)192.4%above the sector's middle half▼ 176.6pp32.0%above the sector's middle half▼ 160.5pp-4.5%below the sector's middle half▼ 36.5pp-10.4%below the sector's middle half▼ 5.9pp-54.9%below the sector's middle half▼ 44.5pp
above
within
below
the middle half (P25 to P75) of NACE 74, Other professional, scientific and technical activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €9,072 in 2024 against €967 in 2023; the loss grows and 2024 has the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €20,263
Fixed assets
€88 ▼ 77.8%
Current assets
€20,175 ▼ 9.4%
Key figures and ratios
EBITDA
-€8,763▼
2023 · -€659
Cash flow
-€10,809▼
2023 · -€2,047
Debt to equity
-3.58▼
2023 · 5.95
Interest coverage
-4.29▼
2023 · -0.47
Debt ≤ 1 year
€28,121▲
2023 · €18,637
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 6,906 companies that looked in July 2024 the way this one looks now, 5.8% went bankrupt within 24 months and 85% are still going.
- Micro
- 10 to 20 years old
- negative equity
- a loss of 10% of the balance sheet or more
5.8%
went bankrupt
8.1%
stopped otherwise
85%
still going
A further 0.6% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a lower bankruptcy probability: 0.6% 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 497,340 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.0% |
| 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% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% 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 6,906 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 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €174 | €174 | €221 | €309 | €309 | = |
| Other operating charges640/8 | - | €330 | €322 | €200 | - | - |
| Gross operating margin9900 | €25,635 | €5,593 | €714 | -€459 | -€8,763 | ▼ 1,810% |
| Operating profit (loss)9901 | €25,142 | €5,089 | €172 | -€967 | -€9,072 | ▼ 838% |
| Financial income75/76B | - | €50 | €7 | €0 | - | - |
| Recurring financial income75 | - | €50 | €7 | €0 | - | - |
| Financial charges65/66B | - | €548 | €867 | €1,388 | €2,045 | ▲ 47.3% |
| Recurring financial charges65 | €1,076 | €548 | €867 | €1,388 | €2,045 | ▲ 47.3% |
| Profit (loss) for the period before taxes9903 | €24,066 | €4,591 | -€688 | -€2,355 | -€11,117 | ▼ 372% |
| Profit (loss) for the period9904 | €24,066 | €4,591 | -€688 | -€2,355 | -€11,117 | ▼ 372% |
| Profit (loss) for the period to be appropriated9905 | €24,066 | €4,591 | -€688 | -€2,355 | -€11,117 | ▼ 372% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €12,507 | €14,366 | €15,152 | €22,667 | €20,263 | ▼ 10.6% |
| Fixed assets21/28 | €174 | - | €705 | €396 | €88 | ▼ 77.8% |
| Tangible fixed assets22/27 | €174 | - | €705 | €396 | €88 | ▼ 77.8% |
| Plant, machinery and equipment23 | - | - | €705 | €396 | €88 | ▼ 77.8% |
| Current assets29/58 | €12,333 | €14,366 | €14,447 | €22,271 | €20,175 | ▼ 9.4% |
| Stocks and contracts in progress3 | €1,956 | €1,956 | €1,956 | - | - | - |
| Stocks30/36 | - | €1,956 | €1,956 | - | - | - |
| Amounts receivable within one year40/41 | €5,187 | €9,304 | €8,020 | €19,734 | €17,605 | ▼ 10.8% |
| Trade receivables40 | - | €9,304 | €2,948 | €7,529 | €4,390 | ▼ 41.7% |
| Other amounts receivable41 | - | - | €5,072 | €12,205 | €13,215 | ▲ 8.3% |
| Cash at bank and in hand54/58 | €5,189 | €3,106 | €4,471 | €2,537 | €2,570 | ▲ 1.3% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €12,507 | €14,366 | €15,152 | €22,667 | €20,263 | ▼ 10.6% |
| Equity10/15 | €1,712 | €6,303 | €5,615 | €3,259 | -€7,858 | ▼ 341% |
| Contributions10/11 | - | €6,300 | €6,300 | €6,300 | €6,300 | = |
| Reserves13 | €1,884 | €1,884 | €1,884 | €1,884 | €1,884 | = |
| Non-distributable reserves130/1 | - | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Reserves not available under the articles1311 | - | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Distributable reserves133 | - | €24 | €24 | €24 | €24 | = |
| Profit (loss) carried forward14 | -€6,472 | -€1,881 | -€2,569 | -€4,925 | -€16,042 | ▼ 226% |
| Amounts payable17/49 | €10,795 | €8,063 | €9,537 | €19,408 | €28,121 | ▲ 44.9% |
| Amounts payable within one year42/48 | €10,478 | €8,063 | €9,537 | €18,637 | €28,121 | ▲ 50.9% |
| Financial debts43 | - | €410 | €3,520 | €5,519 | €4,439 | ▼ 19.6% |
| Credit institutions430/8 | - | €410 | €3,520 | €5,519 | €4,439 | ▼ 19.6% |
| Trade debts44 | €4,834 | €5,468 | €3,367 | €10,215 | €10,962 | ▲ 7.3% |
| Suppliers440/4 | - | €5,468 | €3,367 | €10,215 | €10,962 | ▲ 7.3% |
| Taxes, remuneration and social security45 | - | €1,729 | €2,556 | €2,903 | €1,719 | ▼ 40.8% |
| Taxes450/3 | - | €1,729 | €2,556 | €2,609 | €1,719 | ▼ 34.1% |
| Remuneration and social security454/9 | - | - | - | €294 | - | - |
| Other amounts payable47/48 | - | €456 | €94 | - | €11,000 | - |
| Accrued charges and deferred income492/3 | - | - | - | €771 | - | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €24,066 | €4,591 | -€688 | -€2,355 | -€11,117 | ▼ 372% |
| + Depreciation and write-downs630 | €174 | €174 | €221 | €309 | €309 | = |
| Operating cash flow (approximation) | €24,239 | €4,765 | -€467 | -€2,047 | -€10,809 | ▼ 428% |
| Investment in fixed assets (approximation) | - | - | - | €0 | €0 | - |
| Change in cash | - | -€2,084 | €1,365 | -€1,934 | €33 | ▲ 102% |
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
2025
03-12
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 125 days late
2024
31-12
Financial
Weakest financial yearnet -€11,117
Net result drops to -€11,117, the lowest in the series.
18-11
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 110 days late
2023
31-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
04-05
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
17-05
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Liquidity times 5current ratio 1.18
Current ratio from 0.25 to 1.18; short-term debt falls from €28,004 to €10,478.
14-05
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Highest result since 2018net €26,986 ▲142%
Operating result €29,780, net result €26,986, both a record.
09-05
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
25-05
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
31-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
2016
03-05
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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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, Merelbeke-Melle · 1 establishment unit since 2010
Ground area
895 m²
Building footprint
137 m²
Volume, LiDAR
800 m³
Parcel 44412C0543/00F000, Flanders · tallest building 9.0 m, ±2 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
Privjet
since 20102.186.455.125
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44412C0543/00F000 | Flanders | 895 m² | 1 · 137 m² | 9.0 m · 2 fl. |
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.
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Of 4,526 companies in sector 74301 we hold annual accounts for 720. 227 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company (pre-2019)
Founded18-03-2010
Fiscal year end31-12
Activities, NACEBEL 2025
74301Translation services
82300Organisation of conventions and trade shows
E-invoicing
Reachable via Peppol
Peppol ID
0208:0824066270
Also
9925:BE0824066270
Registered
17-04-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 30 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.