SKY EXPRESS

Active

Private limited companyfounded 20215 yrs activeRue Léon Duray(H-G) 43, 7110 La Louvière, BelgiumKBO/BCE: BE 0770.241.960

The computed 12-month bankruptcy probability of SKY EXPRESS is 2.3% (moderate). The 2025 annual accounts show equity of €28k and a net result of €-9k. Equity is growing by ~25.6% per year across the filed fiscal years. Its solvency ranks better than 94% of 18237 sector peers (fiscal year 2025). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.

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Checked score

Score 2025

62 / 100

Healthy

The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.

Axes · tick = 2024

Profitability0▼-27

Solvency100▲+26

Growth35=

Track record94

Bankruptcy probability, 12 months

2.3% Moderate

0%0.5%1.5%4%10%≥ 25%

Credit up to €500 at 30 days acceptable

Liquidity ample (current ratio 11.07 against 1.96 in 2024; short-term debt: 9% and cash: 86.3% of total assets), and 9% of the assets are financed with debt.

How do we compute the score and the probability?

Credit advice for your own amount and term

Signals

Eight signals. The signal on the left, the evidence on the right.

+raises risk○neutral

Limited track record

This company has not been active as long as an established one and statistically fails somewhat more often.

KBO · incorporation date

Age against the risk zone

Higher-failure-rate sector

In this sector companies fail more often than the Belgian average.

Gazette · bankruptcies per sector, NACE 47

Relative position

BE, all sectors

reference

Sector 47

higher

← fewer bankruptcies more bankruptcies →

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 2025

Solvency, return and age of the figures

Solvency

91%

Return on assets

-30%

Age of the figures

9 mo

Higher-failure-rate region

In this region companies fail more often than in the rest of the country.

KBO · registered office

Persistent losses

Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.

NBB · annual accounts 2025

Net result per financial year

2122232425

2021 to 2025 · latest year €-9k

Filed after the deadline

The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.

NBB · 5 filings

Deviation from the deadline

2025

31 d late

2024

7 d late

2023

9 d late

2022

8 d late

2021

648 d late

← before the deadline after the deadline →

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 months

Position in the running window

22-09-2026 today31-12-2026 close31-07-2027 deadline

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

Financials · fiscal year 2025, micro schema

Turnover

€7k▼ 95.1%

2024 · €142k

2022: €177k 2023: €221k 2024: €142k

2022 → 2025

EBIT margin

-107.5%▼ 105.7pp

2024 · -1.8%

2022: 9.7% 2023: 10.1% 2024: -1.8%

2022 → 2025

Net result

€-9k▼ 250%

2024 · €-3k

2021: €-958 2022: €14k 2023: €17k 2024: €-3k

2021 → 2025

Working capital

€28k▼ 13.1%

2024 · €32k

2021: €-958 2022: €18k 2023: €35k 2024: €32k

2021 → 2025

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20212022202320242025Trend

Turnover€177k€221k▲ 24.9%€142k▼ 35.9%€7k▼ 95.1%

Equity€-958-€18k€35k▲ 93.1%€32k▼ 7.6%€28k▼ 13.1%

Operating result€-958-€17k€22k▲ 30.1%€-3k€-7k▼ 194%

Net result€-958-€14k€17k▲ 20.2%€-3k€-9k▼ 250%

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 €7k in 2025 against €3k in 2024; the loss grows and 2025 has the lowest result in the available series.

Balance-sheet composition

2025 in colour, 2024 as the grey bar beneath

Equity and liabilities €31k

91.0%

Equity €28k▼ 13.1%

Debt €3k▼ 91.7%

The debt ratio falls from 51.0% to 9.0%. Equity and debt are lower.

Key figures and ratios

2025 value · change against 2024

Solvency

91.0%▲

2024 · 49.0%

Current ratio

11.07▲

2024 · 1.96

Quick ratio

10.40▲

2024 · 1.94

Debt / equity

0.10▼

2024 · 1.04

ROE

-33.0%▼

2024 · -8.2%

ROA

-30.0%▼

2024 · -4.0%

Debt

€3k▼

2024 · €33k

Debt ≤ 1 year

€3k▼

2024 · €33k

Income taxes

€2k

Staff costs

€10k▼

2024 · €32k

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€65k€31k▼

Current assets29/58€65k€31k▼

Stocks and contracts in progress3€693€2k▲

Stocks30/36€693€2k▲

Amounts receivable within one year40/41€13k€2k▼

Other amounts receivable41€13k€2k▼

Cash at bank and in hand54/58€51k€26k▼

Deferred charges and accrued income490/1€183-

Equity and liabilities

Total equity and liabilities10/49€65k€31k▼

Equity10/15€32k€28k▼

Contributions10/11€5k€10k▲

Profit (loss) carried forward14€27k€18k▼

Amounts payable17/49€33k€3k▼

Amounts payable within one year42/48€33k€3k▼

Trade debts44€7k€3k▼

Suppliers440/4€7k€3k▼

Taxes, remuneration and social security45€25k-

Taxes450/3€3k-

Remuneration and social security454/9€22k-

Other amounts payable47/48€1k-

Income statement Code20242025

Turnover70€142k€7k▼

Goods, raw materials, services and sundry goods60/61€112k€10k▼

Remuneration, social security and pensions62€32k€10k▼

Other operating charges640/8€2k€774▼

Gross operating margin9900€31k€3k▼

Operating profit (loss)9901€-3k€-7k▼

Financial charges65/66B€84€99▲

Recurring financial charges65€84€99▲

Profit (loss) for the period before taxes9903€-3k€-8k▼

Income taxes67/77-€2k

Profit (loss) for the period9904€-3k€-9k▼

Profit (loss) for the period to be appropriated9905€-3k€-9k▼

Appropriation of the result

Profit (loss) to be appropriated9906€27k€18k▼

Profit (loss) brought forward from the previous period14P€30k€27k▼

The notes to these accounts (1 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

All 10Financial 5Filings 5

Next filing, fiscal year 2026, expected by 31-07-2027

2026

31-08

NBB filing Annual accounts filed

fiscal year 2025 · micro schema · 31 days late

2025

31-12

Financial Weakest financial yearnet €-9k

Net result drops to €-9k, the lowest in the series.

31-12

Financial Liquidity times 6current ratio 11.07

Current ratio from 1.96 to 11.07; short-term debt falls from €33k to €3k.

07-08

NBB filing Annual accounts filed

fiscal year 2024 · micro schema · 7 days late

2024

09-08

NBB filing Annual accounts filed

fiscal year 2023 · micro schema · 9 days late

09-05

NBB filing Annual accounts filed

fiscal year 2021 · micro schema · 648 days late

2023

31-12

Financial Highest result since 2021net €17k ▲20.2%

Operating result €22k, net result €17k, both a record.

08-08

NBB filing Annual accounts filed

fiscal year 2022 · micro schema · 8 days late

2022

31-12

Financial Back to profitnet €14k

Net result €14k after one loss-making year.

31-12

Financial Liquidity times 27current ratio 3.48

Current ratio from 0.13 to 3.48.

Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Directors · office · real estate

Directors

1 act for this company is 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, La Louvière · 1 establishment unit since 2022

establishment The establishment unit on the map

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.

Rue Léon Duray(H-G) 437110 La Louvière

Ground area

155 m²

Building footprint

42 m²

Volume, LiDAR

330 m³

Parcel 55020C0481/00D004, Wallonia · tallest building 9.4 m, ±3 floors. Linked by address, not a title deed.

1 establishment unit

SKY EXPRESS

Rue Léon Duray(H-G) 43, 7110 La LouvièreNACE 45206

since 20222.325.053.871

1 parcel

Wallonia 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
55020C0481/00D004	Wallonia	155 m²	1 · 42 m²	9.4 m · 3 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

Dendermonde · Eq €28k

Of 2,348 companies in sector 47621 we hold annual accounts for 1,246. 1,015 are within a factor 10 of this equity.See the whole sector

Company data · Crossroads Bank

Identification

Legal formPrivate limited company

Founded23-06-2021

Fiscal year end31-12

Activities, NACEBEL

47620Retail trade

47621Retail sale of newspapers and periodicals

Sources

Crossroads Bank for EnterprisesNational Bank · 5 filingsAddress and cadastre registers

Data from official sources, last processed on 22-09-2026. Scores and ratios are computed by Checked and are not a credit decision.