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SIM CONSULT

Active
Private limited companyfounded 2000active for 26 yearsGrootveldlaan 152, 1150 Sint-Pieters-Woluwe, BelgiumKBO/BCE: BE 0472.632.795
Summary

SIM CONSULT has been active since 2000 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€647) and a net result of -€1,112. Equity is shrinking by about 30% per year across the filed financial years. Its solvency ranks better than 9% of 39,184 sector peers (NACE 70, financial year 2025). The computed 12-month bankruptcy probability is 0.7% (low).

Overview

Activity
Business and other management consultancy
NACE 70200
1 site
Size
€7,813total assets 2025
Equity
-€647
Loss
-€1,112
Turnover not published (micro format)
Financial health
53 Fair Checked score 2025
Bankruptcy probabilitywithin 12 months
0.7%
Structure
2025 accounts 25 days early
Why 53raises riskCapped at 59: negative equity1 change of registered office in 24 monthsNegative equity -€647Loss of €1,112, the second in a row (financial year 2025)lowers riskSize: total assets €7,813Show the evidence

Checked score

Score 2025
53 / 100
Fair
Probability in this band: 1.5% to 4.2%
Financially better than 7% of its sector peers (NACE 70, micro)
Negative equity caps the score at 59. Every signal that counts is listed under Signals.
Financial strength · tick = 2024
Weak
Solvency 17-28
equity -8.3% of total assets
Liquidity 30-26
short-term debt 108.3% · cash 23.9%
Profitability 1+1
return on assets -14.2%
Bankruptcy probability, 12 months
0.7% Low
0%0.5%1.5%4%10%≥ 25%

About 7 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.1% (48,471 companies, NACE 70, micro)
Last 24 months 11-2024: < 0.1%lowest value 12-2024: < 0.1%● unchanged vs 11-2024lowest value 01-2025: < 0.1%● unchanged vs 12-2024lowest value 02-2025: < 0.1%● unchanged vs 01-2025lowest value 03-2025: < 0.1%● unchanged vs 02-2025 04-2025: < 0.1%● unchanged vs 03-2025 05-2025: < 0.1%● unchanged vs 04-2025 06-2025: < 0.1%● unchanged vs 05-2025 07-2025: 0.1%▲ +0.1 percentage points vs 06-2025 08-2025: 0.1%● unchanged vs 07-2025 09-2025: 0.1%● unchanged vs 08-2025 10-2025: 0.1%● unchanged vs 09-2025 11-2025: 0.1%● unchanged vs 10-2025 12-2025: 0.1%● unchanged vs 11-2025 01-2026: 0.1%● unchanged vs 12-2025 02-2026: 0.1%● unchanged vs 01-2026 03-2026: 0.1%● unchanged vs 02-2026 04-2026: 0.1%● unchanged vs 03-2026 05-2026: 0.3%▲ +0.2 percentage points vs 04-2026 06-2026: 0.3%● unchanged vs 05-2026 07-2026: 0.3%● unchanged vs 06-2026 08-2026: 0.7%▲ +0.4 percentage points vs 07-2026highest value 09-2026: 0.7%● unchanged vs 08-2026highest value 10-2026: 0.7%● unchanged vs 09-2026highest value
No credit on open account
Liquidity insufficient (current ratio 0.22, below 1; short-term debt: 108.3% and cash: 23.9% of total assets), and equity is negative.
How it is calculated

The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:

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%

Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 70, micro): better than 7% on solvency, 13% on liquidity, 8% on profitability and 1% on growth.

The bankruptcy probability was computed on 28-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.

Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).

Credit check for your own amount and term

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Signals

Six signals.
lowers riskraises riskneutral
raises risk · 1 change of registered office in 24 months
Belgian Official Gazette
lowers risk · Size: total assets €7,813
Companies of this size fail less often; how much that weighs depends on the rest of its profile.
NBB · annual accounts
raises risk · Negative equity -€647
NBB · annual accounts
raises risk · Loss of €1,112, the second in a row (financial year 2025)
NBB · annual accounts
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025
Equity per financial year
1819202122232425
2018 to 2025 · latest year -€647
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 06-07-2026, 25 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
25 days early
2024
2 days early
2023
34 days early
2022
21 days early
2021
11 days early
2020
3 days late
2019
on the day
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 7 accounts on average 13 days before the deadline; the sector median (NACE 70) for financial year 2024 is 9 days before the deadline, and 32% of those companies filed late.

Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 10 July (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Where today falls in the filing period
29-10-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
Searched since 2021.
KBO publications · our coverage
  1. Annual accounts filedfinancial year 2025 · micro…
  2. Resignation: SIMEONS Patrick (manager)Appointment: SIMEONS Patrick (director) ·…
  3. Weakest financial yearnet -€1,112

Financials · financial year 2025, micro format

Equity
-€647
2024 · €465
Total assets
€7,813▲ 243%
2024 · €2,280
Net result
-€1,112▼ 7.3%
2024 · -€1,036
Working capital
-€6,588
2024 · €465
Trend over the years

2021 to 2025, 5 financial years 2018 to 2025, 8 financial years

The operating result stays negative: a loss of €1,017 in 2025 against €971 in 2024; the loss grows and 2025 has the lowest result in the available series.

What the company sold each financial year and what was left of it. A loss stands below the zero line.

Operating result-€1,017 2025 Net result-€1,112 2025

Use the arrow keys on the chart for the figures per year.

Sector: the middle half of NACE 70, Activities of head offices; management consultancy activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. 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 financial year before
favourable unfavourable
Line20182019202020212022202320242025
Operating result-€834--€908▼ 8.8%-€908=-€905▲ 0.3%-€911▼ 0.7%-€971▼ 6.7%-€971=-€1,017▼ 4.7%
Net result-€699--€612▲ 12.5%-€630below the sector's middle half▼ 3.0%-€832below the sector's middle half▼ 32.1%-€883below the sector's middle half▼ 6.1%-€1,024below the sector's middle half▼ 16.0%-€1,036below the sector's middle half▼ 1.2%-€1,112below the sector's middle half▼ 7.3%
Equity€5,482-€4,870▼ 11.2%€4,240below the sector's middle half▼ 12.9%€3,408below the sector's middle half▼ 19.6%€2,525below the sector's middle half▼ 25.9%€1,501below the sector's middle half▼ 40.6%€465below the sector's middle half▼ 69.0%-€647below the sector's middle half
Total assets€6,813-€6,443▼ 5.4%€4,240below the sector's middle half▼ 34.2%€4,313below the sector's middle half▲ 1.7%€2,683below the sector's middle half▼ 37.8%€2,409below the sector's middle half▼ 10.2%€2,280below the sector's middle half▼ 5.3%€7,813below the sector's middle half▲ 243%
Debt€1,331-€1,573▲ 18.2%€905€158▼ 82.6%€908▲ 476%€1,815▲ 100%€8,460▲ 366%
Working capital€5,482-€4,870▼ 11.2%€3,408within the sector's middle half€2,525within the sector's middle half▼ 25.9%€1,501within the sector's middle half▼ 40.6%€465below the sector's middle half▼ 69.0%-€6,588below the sector's middle half
Solvency80.5%-75.6%▼ 4.9pp-8.3%below the sector's middle half
Current ratio5.12-4.10▼ 1.020.22below the sector's middle half
Return on assets (ROA)-10.3%--9.5%▲ 0.8pp-14.2%below the sector's middle half
above within below the middle half of NACE 70, Activities of head offices; management consultancy activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30.
Turnover and EBIT margin not published: the micro format does not require them.
Balance-sheet composition
Assets €7,813
Fixed assets €5,941
Current assets €1,872
Equity and liabilities
Equity-€647
Debt€8,460
Equity is negative: debt (€8,460) exceeds the balance-sheet total (€7,813).
Key figures and ratios
2025 value · change against 2024
EBITDA
-€908
Cash flow
-€1,003
Interest coverage
-8.57
Debt ≤ 1 year
€8,460▲
2024 · €1,815
Equity ratios withheld: equity of -€647 is too small for a meaningful ratio.
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 6,619 companies that looked in July 2024 the way this one looks now, 4.5% went bankrupt within 24 months and 84.5% are still going.

  • Micro
  • 20 years or older
  • negative equity
  • a loss of 10% of the balance sheet or more
4.5% went bankrupt
10.0% stopped otherwise
84.5% still going

A further 1.0% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a lower bankruptcy probability: 0.7% 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 497,445 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.

The companies in ten equal groups, from lowest to highest expected share.
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% 0.9%
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 74.5% 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 6,619 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
Filed annual accounts As filed with the NBB · 2025 against 2024 · 33 lines
Balance sheet Code20242025
Assets
Total assets20/58€2,280€7,813▲
Fixed assets21/28-€5,941
Tangible fixed assets22/27-€5,941
Furniture and vehicles24-€5,941
Current assets29/58€2,280€1,872▼
Amounts receivable within one year40/41€316€3▼
Other amounts receivable41€316€3▼
Cash at bank and in hand54/58€1,964€1,869▼
Equity and liabilities
Total equity and liabilities10/49€2,280€7,813▲
Equity10/15€465-€647▼
Contributions10/11€6,200€6,200=
Reserves13€1,859€1,859=
Non-distributable reserves130/1€1,859€1,859=
Reserves not available under the articles1311€1,859€1,859=
Profit (loss) carried forward14-€7,594-€8,706▼
Amounts payable17/49€1,815€8,460▲
Amounts payable within one year42/48€1,815€8,460▲
Trade debts44€1,815€6,958▲
Suppliers440/4€1,815€6,958▲
Other amounts payable47/48-€1,502
Income statement Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630-€109
Other operating charges640/8€64-
Gross operating margin9900-€908-€908=
Operating profit (loss)9901-€971-€1,017▼
Financial income75/76B€29€11▼
Recurring financial income75€29€11▼
Financial charges65/66B€94€106▲
Recurring financial charges65€94€106▲
Profit (loss) for the period before taxes9903-€1,036-€1,112▼
Profit (loss) for the period9904-€1,036-€1,112▼
Profit (loss) for the period to be appropriated9905-€1,036-€1,112▼
Appropriation of the result
Profit (loss) to be appropriated9906-€7,594-€8,706▼
Profit (loss) brought forward from the previous period14P-€6,558-€7,594▼

The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20182019202020212022202320242025Change
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630-------€109-
Other operating charges640/8-----€64€64--
Gross operating margin9900-€781-€908-€908-€905-€911-€908-€908-€908=
Operating profit (loss)9901-€834-€908-€908-€905-€911-€971-€971-€1,017▼ 4.7%
Financial income75/76B---€120€92€27€29€11▼ 63.3%
Recurring financial income75€173€337€304€120€92€27€29€11▼ 63.3%
Financial charges65/66B---€47€64€79€94€106▲ 12.3%
Recurring financial charges65€37€41€26€47€64€79€94€106▲ 12.3%
Profit (loss) for the period before taxes9903-€697-€611-€630-€832-€883-€1,023-€1,036-€1,112▼ 7.3%
Income taxes67/77€2€0---€1---
Profit (loss) for the period9904-€699-€612-€630-€832-€883-€1,024-€1,036-€1,112▼ 7.3%
Profit (loss) for the period to be appropriated9905-€699-€612-€630-€832-€883-€1,024-€1,036-€1,112▼ 7.3%
Line20182019202020212022202320242025Change
Assets
Total assets20/58€6,813€6,443€4,240€4,313€2,683€2,409€2,280€7,813▲ 243%
Fixed assets21/28-------€5,941-
Tangible fixed assets22/27-------€5,941-
Furniture and vehicles24-------€5,941-
Current assets29/58€6,813€6,443€4,240€4,313€2,683€2,409€2,280€1,872▼ 17.9%
Amounts receivable within one year40/41€3,825€4,161€1,999€2,119€553€356€316€3▼ 99.0%
Other amounts receivable41---€2,119€553€356€316€3▼ 99.0%
Cash at bank and in hand54/58€2,987€2,282€2,241€2,194€2,130€2,052€1,964€1,869▼ 4.9%
Equity and liabilities
Total equity and liabilities10/49€6,813€6,443€4,240€4,313€2,683€2,409€2,280€7,813▲ 243%
Equity10/15€5,482€4,870€4,240€3,408€2,525€1,501€465-€647-
Contributions10/11€6,200€6,200-€6,200€6,200€6,200€6,200€6,200=
Reserves13€1,859€1,859€1,859€1,859€1,859€1,859€1,859€1,859=
Non-distributable reserves130/1---€1,859€1,859€1,859€1,859€1,859=
Reserves not available under the articles1311---€1,859€1,859€1,859€1,859€1,859=
Profit (loss) carried forward14-€2,577-€3,189-€3,819-€4,651-€5,534-€6,558-€7,594-€8,706▼ 14.6%
Amounts payable17/49€1,331€1,573-€905€158€908€1,815€8,460▲ 366%
Amounts payable within one year42/48€1,331€1,573-€905€158€908€1,815€8,460▲ 366%
Trade debts44€1,331€1,573-€905€158€908€1,815€6,958▲ 283%
Suppliers440/4---€905€158€908€1,815€6,958▲ 283%
Other amounts payable47/48-------€1,502-
Line20182019202020212022202320242025Change
Profit (loss) for the period9904-€699-€612-€630-€832-€883-€1,024-€1,036-€1,112▼ 7.3%
+ Depreciation and write-downs630-------€109-
Operating cash flow (approximation)-€699-€612-€630-€832-€883-€1,024-€1,036-€1,003▲ 3.2%
Change in cash--€706-€41-€47-€64-€77-€88-€95▼ 8.3%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

Download as CSV

Latest 10 of 25 filings with the National Bank
Financial year Type Filed Reference
31-12-2025 micro format 06-07-2026 2026-00272243
31-12-2024 micro format 29-07-2025 2025-00358129
31-12-2023 micro format 27-06-2024 2024-00184591
31-12-2022 micro format 10-07-2023 2023-00218986
31-12-2021 micro format 20-07-2022 2022-20211575
31-12-2020 micro format 03-08-2021 2021-45400116
31-12-2019 micro format 31-07-2020 2020-38500496
31-12-2018 micro format 31-07-2019 2019-42700435
31-12-2017 micro format 23-08-2018 2018-49100111
31-12-2016 micro format 03-08-2017 2017-42100510

Show all 25 filings

Similar companies · same sector and region

This company's figures show no positive equity and no headcount, so a size comparison is not possible. These companies share only the sector and the region. Of the 82,516 active companies whose main activity is business and other management consultancy (NACE 70200), figures are known for 54,493. See the whole sector

Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.

Directors

Directors
1 director, no change since 2026
SIMEONS Patrick
Director (not named in the articles) · since 07-04-2026
Current
Derived from published Gazette deeds. The KBO keeps the official list of office holders; we do not read it, so the two can differ. See the directors and other office holders in the KBO →

Mandate history

1 person since 2026, 1 in office
Show
  • Board
  • began earlier
Mandates per person, with start and end dates
Name Functions and periods
SIMEONS Patrick
  • Manager, until 07-04-2026
  • Director (not named in the articles), from 07-04-2026 to date
See the board, name and registered office on a given date →

Owners and capital

Capital and shareholders

Capital over the years
  1. 07-04-2026 Converted to unavailable equity · €6,200
  2. 07-04-2026 Converted to unavailable equity · €1,859.20
  3. 07-04-2026 Converted to uncalled contributions · €12,392.01

Group and network

Connections & network

1 current director
Depth

The network starts from this company’s directors. Other companies they run appear here as nodes.

This company Company Director Shareholding +N: links not shown yet Click a node to look further, drag to arrange, zoom with the mouse wheel.

History

SIM CONSULT was incorporated on 8 September 2000.1 The registered office was moved to Woluwe-Saint-Pierre in 2026.2 Since 2026, SIMEONS Patrick has served as director of the company.2 Total assets rose from €6,813 in 2018 to €7,813 in 2025.3

  1. 1KBO register
  2. 2Belgian Official Gazette, 07-04-2026
  3. 3National Bank, annual accounts 2018 and 2025

Acts, filings and financial milestones

Next filing, financial year 2026, expected by 31-07-2027
2026
06-07
NBB filing Annual accounts filed
financial year 2025 · micro format
07-04
Gazette deed Resignation: SIMEONS Patrick (manager)
Appointment: SIMEONS Patrick (director) · Purpose change · Legal-form conversion12 facts ▸
  • General meeting, 01-04-2026
  • Other provision, “lecture du rapport justifiant la modification de l'objet” (deed in French)
  • Purpose change
  • Legal-form conversion, “société à responsabilité limitée (en abrégé SRL)” (deed in French)
  • Capital conversion, “compte de capitaux propres statutairement indisponible” (deed in French) (2 times)
  • Capital conversion, “compte de capitaux propres 'apports non appelés'” (deed in French)
  • Reserve release, “suppression du compte de capitaux propres statutairement indisponible, fonds rendus disponibles pour distribution” (deed in French)
  • Amendment of the articles
  • Capital
  • Director resignation, SIMEONS Patrick (manager)
  • Director appointment, SIMEONS Patrick (director (not named in the articles))
  • Registered-office move, 1150 Woluwe-Saint-Pierre, avenue Grandchamp 152 boîte 1
2025
31-12
Financial Weakest financial yearnet -€1,112
Net result drops to -€1,112, the lowest in the series.
29-07
NBB filing Annual accounts filed
financial year 2024 · micro format
2024
27-06
NBB filing Annual accounts filed
financial year 2023 · micro format
2023
10-07
NBB filing Annual accounts filed
financial year 2022 · micro format
2022
31-12
Financial Liquidity more than triplescurrent ratio 17.03
Current ratio from 4.77 to 17.03; short-term debt falls from €905 to €158.
20-07
NBB filing Annual accounts filed
financial year 2021 · micro format
2021
03-08
NBB filing Annual accounts filed
financial year 2020 · micro format · 3 days late
2020
31-07
NBB filing Annual accounts filed
financial year 2019 · micro format
2019
31-07
NBB filing Annual accounts filed
financial year 2018 · micro format
2018
23-08
NBB filing Annual accounts filed
financial year 2017 · micro format · 23 days late
2017
03-08
NBB filing Annual accounts filed
financial year 2016 · micro format · 3 days late
Financial milestoneGazette deedNBB filingFinancial milestones sit on the financial year-end date, not the filing date.Of the 25 annual accounts filed, the latest 10 are here; all 25 are under Financials.
1 of 1 deed read

Register details

Identification
Legal formPrivate limited company
Founded08-09-2000
Financial year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
51100Air transport
82990Other business support services
85599Other education
E-invoicing
Reachable via Peppol
Peppol ID 0208:0472632795
Also 9925:BE0472632795
Registered 22-07-2026

If you follow this company, Checked tells you the day it leaves the Peppol register.

Register as of 29 October 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.

Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.

Sites & property

Location & real-estate footprint
Registered office, Sint-Pieters-Woluwe · 1 establishment unit since 2000
registered office establishment The establishment unit on the map
Ground area
7,719 m²
Building footprint
628 m²
Building volume
8,196 m³
2 parcels, Brussels · tallest building 21.8 m. Linked by address, not a title deed.
3 companies at this address See who is registered here
1 establishment unit
Emile Maxlaan 150, 1030 Schaarbeek
Advertising agencies
since 2000unit no. 2.094.063.120
2 parcels
Brussels 2 (100%)
Cadastral parcel Region Area Buildings Height / floors
21683D0265/00W004 Brussels 6,812 m² 1 · 390 m² 14.4 m · 4
21905C0094/02Y004 Brussels 907 m² 1 · 238 m² 21.8 m · 5
How the parcels are linked
Good to know
Both parcels match the address exactly.

Articles of association

What the company does

PurposeThe activities the company may carry out under its articles.
“Toutes activités relatives aux services en marketing, consultance, organisation d'événements, intermédiaire rapide, aéronautique…” (deed in French)
11 activities (deed in French)
  1. Toutes activités relatives aux services en marketing, consultance, organisation d'événements, intermédiaire rapide, aéronautique, développement internet et nouvelles technologies telles que l'intelligence artificielle, etc
  2. Toutes activités se rapportant de près ou de loin à l'aérostation et aux activités aériennes, au sens le plus large.
  3. Toute activité immobilière y compris l'achat, la vente, la location, la rénovation de biens immobiliers.
  4. Activités Commerciales Générales : Et plus généralement, la société pourra effectuer toutes opérations commerciales, industrielles, financières, mobilières ou immobilières se rattachant directement ou indirectement à son objet ou de nature à en favoriser l'extension.
  5. 1) Activités aériennes et vols commerciaux: L'exploitation, l'organisation, la réalisation et la commercialisation de tous types de vols en ballon (montgolfières, ballons à gaz, dirigeables et tout autre aéronef aérostatique), habités ou non ; Les baptêmes de l'air, vols touristiques, vols panoramiques, vols événementiels, vols VIP, vols d'affaires, vols d'entreprise, vols privés ou collectifs ; Les vols à caractère promotionnel, publicitaire, de sponsoring ou de démonstration, incluant l'affichage de marques, logos, messages publicitaires ou institutionnels sur les aéronefs ou supports associés ; La participation aux événements, compétitions, festivals, foires, manifestations sportives, culturelles ou commerciales; Les vols expérimentaux, techniques, d'essai ou de démonstration, dans le respect de la réglementation applicable.
  6. 2) Activités commerciales, marketing et communication: La conception, la mise en œuvre et l'exploitation de campagnes de communication aérienne ; Les activités de marketing, publicité, relations publiques, sponsoring, brand content et événements promotionnels, utilisant l'aérostation comme support principal ou accessoire ; La location d'espaces publicitaires aériens ou au sol, temporaires ou permanents ; La production de contenus visuels, audiovisuels ou numériques liés aux activités aériennes (photos, vidéos, reportages, supports promotionnels).
  7. 3) Activités techniques et opérationnelles: L'achat, la vente, la location, l'entretien, la réparation, la modification, l'importation et l'exportation de ballons, nacelles, enveloppes, brûleurs, drones, équipements aéronautiques et accessoires liés à l'aérostation ; La gestion de flottes d'aéronefs aérostatiques ; Les services logistiques, techniques et opérationnels liés aux activités de vol.
  8. 4) Formation et encadrement: La formation, l'initiation, le coaching et l'encadrement de pilotes, équipages, techniciens ou assistants au sol ; L'organisation de stages, séminaires, conférences, ateliers et activités pédagogiques en lien avec l'aérostation et l'aéronautique légère.
  9. 4bis) Événementiel: L'organisation, la promotion et la gestion de tout type d'événements publics, privés ou professionnels, en ce compris la logistique, la location de matériel et les services de bouche (traiteur).
  10. 4ter) Consultance et Marketing: Toutes activités de conseil en stratégie de communication, marketing digital et opérationnel, relations publiques, ainsi que le coaching et la formation en entreprise.
  11. 5) Activités accessoires et connexes: Toute activité commerciale, industrielle, artisanale, civile ou financière, mobilière ou immobilière, se rattachant directement ou indirectement à l'objet social ou de nature à en faciliter la réalisation ou le développement ; La prise de participations, sous quelque forme que ce soit, dans toutes entreprises, sociétés ou groupements ayant un objet identique, similaire ou complémentaire ; La constitution de sûretés, garanties ou cautions, au profit de tiers ou de sociétés liées, dans les limites autorisées par la loi.

The full purpose is in the deed

DurationHow long the company exists; usually unlimited, so until it is dissolved.
Unlimited
Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
“Région de Bruxelles-Capitale, Région de Bruxelles-Capitale” (deed in French)

deed of 07-04-2026

Who represents it, and how

Who signsWho may bind the company towards others, for example by signing a contract.
Each director alone
Board ruleHow the board is made up, meets and takes decisions.
“Organe d'administration, nommés avec ou sans limitation de durée” (deed in French)
“Pouvoirs de l'organe d'administration, Il peut déléguer des pouvoirs spéciaux à tout mandataire” (deed in French)
“Rémunération des administrateurs, L’assemblée générale décide si le mandat d’administrateur est ou non exercé gratuitement” (deed in French)
“Ils agissent seuls, gestion journalière” (deed in French)
1 more provision on this in the deed

deed of 07-04-2026

Capital, shares and profit

Kind of sharesWhich classes of shares exist and what rights each class carries.
“Les cessions n’ont d’effet vis-à-vis de la société et des tiers qu’à dater de leur inscription dans le registre des actions. Des certificats…” (deed in French)
“Tous les titres, autres que les actions, sont nominatifs, ils portent un numéro d’ordre, Ils sont inscrits dans un registre des titres…” (deed in French)
“En cas de décès de l’actionnaire unique, les droits afférents aux actions sont exercés par les héritiers et légataires régulièrement saisis…” (deed in French)
Transfer restrictionWhether shareholders may sell their shares freely or need approval first.
“Dans tous les cas de cessions entre vifs, soit à titre onéreux, soit à titre gratuit, tant volontaires que forcées (cas de l’exclusion et du…” (deed in French)
1 more provision on this in the deed
Share issue ruleHow and by whom new shares can be issued.
“L’ouverture de la souscription avec droit de préférence ainsi que son délai d’exercice sont fixés par l’organe qui procède à l’émission et…” (deed in French)
1 more provision on this in the deed
Profit allocationHow profit is distributed; a BV may only pay out after a balance-sheet and liquidity test.
“Le bénéfice annuel net recevra l'affectation que lui donnera l'assemblée générale, statuant sur proposition de l'organe d'administration…” (deed in French)

deed of 07-04-2026

Meetings and financial year

Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
“TITRE V. ASSEMBLEE GENERALE Article 17. Tenue et convocation Il est tenu chaque année, au siège, une assemblée générale ordinaire le premier…” (deed in French)
Meeting noticeHow and how far ahead shareholders are invited to a meeting; by law at least fifteen days.
“Par e-mails, Les convocations aux assemblées générales contiennent l’ordre du jour” (deed in French)
Meeting accessWho may attend the meeting and what is needed to be admitted.
“Toute personne peut renoncer à la convocation, en tout cas, sera considérée comme ayant été régulièrement convoquée si elle est présente ou…” (deed in French)

deed of 07-04-2026

Oversight and winding up

Auditor ruleHow a statutory auditor is appointed and what they check, if the company has one.
One provision in the deed
Dissolution ruleWhen and by whom the company can be dissolved.
“En tout temps, par décision de l'assemblée générale délibérant dans les formes prévues pour les modifications aux statuts” (deed in French)
Liquidation ruleHow assets are shared after dissolution: creditors first, then shareholders.
One provision in the deed

deed of 07-04-2026

Other provisionsOther rules from the articles that fall under none of the themes above.

“Participation à l'assemblée générale à distance par voie électronique, Les actionnaires qui participent de cette manière à l'assemblée…” (deed in French)
Other provision: “Tout actionnaire peut donner à toute autre personne, actionnaire ou non, par tout moyen de transmission, une procuration écrite pour le…” (deed in French)
Liquidation distribution: “Les biens conservés leur sont remis pour être partagés dans la même proportion, l'actif net est réparti entre tous les actionnaires en…” (deed in French)
Other provision: “Tout litige entre la société, ses actionnaires, administrateurs, commissaires et liquidateurs relatifs aux affaires de la société et à…” (deed in French)
Other provision: “Les dispositions du Code des sociétés et des associations auxquelles il ne serait pas licitement dérogé sont réputées inscrites dans les…” (deed in French)
11 more provisions in the deed, see the deed of 07-04-2026

deed of 07-04-2026