Skyways
ActiveSummary
The computed 12-month bankruptcy probability of Skyways is 2.8% (moderate). The 2025 annual accounts show negative equity (-€1.3m) and a net result of -€380,462. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 5% of 257 sector peers (fiscal year 2025). The company has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability9▲+9
Solvency10▲+10
Growth32=
Track record100
Bankruptcy probability, 12 months
2.8%
Moderate
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.98 against 0.61 in 2024; short-term debt: 101.7% and cash: 1.3% of total assets), and equity is negative.
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Signals
Five signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 79
Relative position
BE, all sectors
reference
Travel agency, tour operator and other reservation service and related activities (NACE 79)
about 121% more bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
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 2025Solvency, return and age of the figures
Solvency
-15%
Return on assets
-4.6%
Age of the figures
9 mo
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year -€1.3m
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 31-07-2026, 0 days ahead of the deadline.
NBB · 8 filingsDeviation from the deadline
2025
on the day
2024
57 d late
2023
51 d late
2022
31 d late
2021
6 d early
2020
271 d late
2019
69 d late
← 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 68 days after the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 35% of the sector filed late.
Checked, nothing found (2)
neutral · 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. Usually files around 31 August (4 of the last 5 filed years within 31 days of that day).
Companies Code · seven monthsPosition in the running window
01-10-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
In the rankings
#8 company by total assets in Flemish Brabant, Travel agencies sector#10 employer in Flemish Brabant, Travel agencies sector
Source amounts without an identifiable currency are assumed to be EUR.
Turnover
€662,787
EBIT margin
-39.7%
Net result
-€380,462▼ 20.1%
2024 · -€316,757
Working capital
-€168,476▲ 60.1%
2024 · -€422,316
Trend over the years
In euros
In per cent
Ratio
In full-time equivalents (FTE)
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
In full-time equivalents (FTE)
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 79, Travel agency, tour operator and other reservation service and related 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), Staff (FTE).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Turnover€662,787
Operating result-€74,482▲ 45.7%-€76,563▼ 2.8%-€335,785▼ 339%-€276,811▲ 17.6%-€263,204▲ 4.9%
Net result-€79,138below the sector's middle half▲ 46.8%-€81,476below the sector's middle half▼ 3.0%-€399,893below the sector's middle half▼ 391%-€316,757below the sector's middle half▲ 20.8%-€380,462below the sector's middle half▼ 20.1%
EBIT margin-39.7%
Equity-€73,757below the sector's middle half▲ 79.5%-€155,233below the sector's middle half▼ 110%-€555,126below the sector's middle half▼ 258%-€871,883below the sector's middle half▼ 57.1%-€1.3mbelow the sector's middle half▼ 43.6%
Total assets€184,982below the sector's middle half▼ 50.9%€336,091below the sector's middle half▲ 81.7%€283,245below the sector's middle half▼ 15.7%€658,180within the sector's middle half▲ 132%€8.3mabove the sector's middle half▲ 1,165%
Debt€258,739▼ 64.9%€491,324▲ 89.9%€838,371▲ 70.6%€1.5m▲ 82.5%€9.6m▲ 526%
Working capital-€75,737below the sector's middle half▲ 78.2%-€158,022below the sector's middle half▼ 109%-€106,737below the sector's middle half▲ 32.5%-€422,316below the sector's middle half▼ 296%-€168,476below the sector's middle half▲ 60.1%
Solvency-39.9%below the sector's middle half▲ 55.8pp-46.2%below the sector's middle half▼ 6.3pp-196.0%below the sector's middle half▼ 149.8pp-132.5%below the sector's middle half▲ 63.5pp-15.0%below the sector's middle half▲ 117.4pp
Current ratio0.71below the sector's middle half▲ 0.190.68below the sector's middle half▼ 0.030.73below the sector's middle half▲ 0.050.61below the sector's middle half▼ 0.120.98below the sector's middle half▲ 0.37
Return on assets (ROA)-42.8%below the sector's middle half▼ 3.3pp-24.2%below the sector's middle half▲ 18.5pp-141.2%below the sector's middle half▼ 116.9pp-48.1%below the sector's middle half▲ 93.1pp-4.6%below the sector's middle half▲ 43.6pp
Staff (FTE)6.5above the sector's middle half=6.6within the sector's middle half▲ 1.5%6.6within the sector's middle half=7.2above the sector's middle half▲ 9.1%7.6above the sector's middle half▲ 5.6%
above
within
below
the middle half (P25 to P75) of NACE 79, Travel agency, tour operator and other reservation service and related activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €263,204 in 2025 against €276,811 in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €8.3m
Fixed assets
€27,307 ▲ 6,207%
Current assets
€8.3m ▲ 1,162%
Equity and liabilities
Equity-€1.3m
Debt€9.6m
Equity is negative: debt (€9.6m) exceeds the balance-sheet total (€8.3m).
Key figures and ratios
EBITDA
-€262,645▲
2024 · -€275,633
Cash flow
-€379,903▼
2024 · -€315,579
Interest coverage
-2.16▲
2024 · -6.90
Debt ≤ 1 year
€8.5m▲
2024 · €1.1m
Debt > 1 year
€1.1m▲
2024 · €450,000
Income taxes
-€4,000
Staff costs
€451,820▲
2024 · €417,254
No debt to equity: equity is negative, so debt divided by equity means nothing.
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 1,564 companies that looked in July 2024 the way this one looks now, 5.1% went bankrupt within 24 months and 89% are still going.
- Micro
- 5 to 10 years old
- negative equity
- a small loss
5.1%
went bankrupt
5.4%
stopped otherwise
89%
still going
A further 0.7% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 2.8% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,341 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 1,564 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 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | - | - | - | - | €662,787 | - |
| Non-recurring operating income76A | - | - | - | - | €8,899 | - |
| Goods, raw materials, services and sundry goods60/61 | - | - | - | - | €485,515 | - |
| Remuneration, social security and pensions62 | €132,528 | €228,351 | €380,924 | €417,254 | €451,820 | ▲ 8.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €660 | €1,178 | €1,178 | €1,178 | €559 | ▼ 52.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | €23,348 | €12,667 | - | - | - | - |
| Other operating charges640/8 | €10,031 | - | €384 | €1,406 | €8,228 | ▲ 485% |
| Non-recurring operating charges66A | €11,921 | - | - | - | €12,350 | - |
| Gross operating margin9900 | €104,006 | €165,633 | €46,701 | €143,027 | €209,753 | ▲ 46.7% |
| Operating profit (loss)9901 | -€74,482 | -€76,563 | -€335,785 | -€276,811 | -€263,204 | ▲ 4.9% |
| Financial income75/76B | - | - | €33 | - | €217 | - |
| Recurring financial income75 | - | - | €33 | - | €217 | - |
| Financial charges65/66B | €4,656 | €4,913 | €44,637 | €39,946 | €121,476 | ▲ 204% |
| Recurring financial charges65 | €4,656 | €4,913 | €44,637 | €39,946 | €121,476 | ▲ 204% |
| Profit (loss) for the period before taxes9903 | -€79,138 | -€81,476 | -€380,389 | -€316,757 | -€384,463 | ▼ 21.4% |
| Income taxes67/77 | - | - | €19,504 | - | -€4,000 | - |
| Profit (loss) for the period9904 | -€79,138 | -€81,476 | -€399,893 | -€316,757 | -€380,462 | ▼ 20.1% |
| Profit (loss) for the period to be appropriated9905 | -€79,138 | -€81,476 | -€399,893 | -€316,757 | -€380,462 | ▼ 20.1% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €184,982 | €336,091 | €283,245 | €658,180 | €8.3m | ▲ 1,165% |
| Fixed assets21/28 | €1,980 | €2,789 | €1,611 | €433 | €27,307 | ▲ 6,207% |
| Intangible fixed assets21 | - | - | - | - | €0 | - |
| Tangible fixed assets22/27 | €1,980 | €2,789 | €1,611 | €433 | €2,057 | ▲ 375% |
| Furniture and vehicles24 | €1,980 | €2,789 | €1,611 | €433 | €525 | ▲ 21.3% |
| Assets under construction and advance payments27 | - | - | - | - | €1,532 | - |
| Financial fixed assets28 | - | - | - | - | €25,250 | - |
| Current assets29/58 | €183,002 | €333,302 | €281,634 | €657,747 | €8.3m | ▲ 1,162% |
| Amounts receivable after more than one year29 | - | - | - | €20,000 | €120,000 | ▲ 500% |
| Other amounts receivable291 | - | - | - | €20,000 | €120,000 | ▲ 500% |
| Amounts receivable within one year40/41 | €89,439 | €125,832 | €165,700 | €469,879 | €8.1m | ▲ 1,618% |
| Trade receivables40 | €69,893 | €85,208 | €53,297 | €23,002 | €7.8m | ▲ 33,781% |
| Other amounts receivable41 | €19,547 | €40,624 | €112,403 | €446,877 | €278,589 | ▼ 37.7% |
| Cash at bank and in hand54/58 | €93,562 | €205,995 | €114,510 | €167,868 | €107,013 | ▼ 36.3% |
| Deferred charges and accrued income490/1 | - | €1,475 | €1,424 | - | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €184,982 | €336,091 | €283,245 | €658,180 | €8.3m | ▲ 1,165% |
| Equity10/15 | -€73,757 | -€155,233 | -€555,126 | -€871,883 | -€1.3m | ▼ 43.6% |
| Contributions10/11 | €384,550 | €5,381 | €5,381 | €5,381 | €5,381 | = |
| Profit (loss) carried forward14 | -€458,307 | -€160,614 | -€560,507 | -€877,264 | -€1.3m | ▼ 43.4% |
| Amounts payable17/49 | €258,739 | €491,324 | €838,371 | €1.5m | €9.6m | ▲ 526% |
| Amounts payable after more than one year17 | - | - | €450,000 | €450,000 | €1.1m | ▲ 147% |
| Financial debts170/4 | - | - | €450,000 | €450,000 | €0 | ▼ 100% |
| Other amounts payable178/9 | - | - | - | - | €1.1m | - |
| Amounts payable within one year42/48 | €258,739 | €491,324 | €388,371 | €1.1m | €8.5m | ▲ 684% |
| Trade debts44 | €143,861 | €278,927 | €119,237 | €508,669 | €6.1m | ▲ 1,092% |
| Suppliers440/4 | €143,861 | €278,927 | €119,237 | €508,669 | €6.1m | ▲ 1,092% |
| Advances received on contracts in progress46 | €623 | - | €19,161 | €111,720 | €272,346 | ▲ 144% |
| Taxes, remuneration and social security45 | €45,120 | €62,397 | €70,228 | €50,610 | €76,506 | ▲ 51.2% |
| Taxes450/3 | €3,873 | €9,169 | €12,415 | - | €14,512 | - |
| Remuneration and social security454/9 | €41,248 | €53,228 | €57,813 | €50,610 | €61,994 | ▲ 22.5% |
| Other amounts payable47/48 | €69,134 | €150,000 | €179,745 | €409,064 | €2.1m | ▲ 402% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€79,138 | -€81,476 | -€399,893 | -€316,757 | -€380,462 | ▼ 20.1% |
| + Depreciation and write-downs630 | €660 | €1,178 | €1,178 | €1,178 | €559 | ▼ 52.5% |
| Operating cash flow (approximation) | -€78,478 | -€80,298 | -€398,715 | -€315,579 | -€379,903 | ▼ 20.4% |
| Investment in fixed assets (approximation) | - | -€1,987 | €0 | €0 | -€27,433 | - |
| Change in cash | - | €112,433 | -€91,485 | €53,358 | -€60,855 | ▼ 214% |
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
Next filing, fiscal year 2026, expected by
2026
31-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
26-09
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 57 days late
2024
20-09
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 51 days late
2023
31-12
Financial
Weakest financial yearnet -€399,893
Net result drops to -€399,893, the lowest in the series; recovery starts the following year.
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 31 days late
2022
25-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
28-04
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 271 days late
2020
08-10
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 69 days late
2019
26-06
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 10 acts read
About the unread acts
We know of 10 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
No directors read yet: 0 of 10 Gazette acts processed. See the function holders in the CBE →
Location & real-estate footprint
Registered office, Vilvoorde · 1 establishment unit since 2018
Ground area
1,983 m²
Building footprint
770 m²
Volume, LiDAR
11,608 m³
Parcel 23644H0066/00F000, Flanders · tallest building 18.4 m, ±5 floors. Linked by address, not a title deed.
13
companies at this address
See who is registered here
1 establishment unit
Skyways
since 20182.281.607.274
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23644H0066/00F000 | Flanders | 1,983 m² | 1 · 770 m² | 18.4 m · 5 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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Company details
Identification
Legal formPrivate limited company
Founded12-10-2018
Fiscal year end31-12
Activities, NACEBEL 2025
79110Travel agency activities
E-invoicing
Reachable via Peppol
Peppol ID
0208:0711666531
Also
9925:BE0711666531
Registered
13-08-2025
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.