SKYWINGS FLIGHT TRAINING
ActiveSKYWINGS FLIGHT TRAINING has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €756k and a net result of €78k. Equity is growing by ~39.1% per year across the filed fiscal years. Its solvency ranks better than 25% of 684 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
65
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability64▼-17
Solvency48▼-7
Growth78=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €45k at 30 days acceptable
Liquidity tight (current ratio 1.33 against 1.09 in 2024; short-term debt: 34.3% and cash: 1.3% of total assets), and 77.3% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 85
Relative position
BE, all sectors
reference
Sector 85
lower
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
22.7%
Return on assets
2.3%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 25% of 684 sector peers (2025).
NBB · sector comparisonPosition among 684 sector peers
Solvency
better than 25%
← weakest
strongest →
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 20-07-2026, 11 days ahead of the deadline.
NBB · 9 filingsDeviation from the deadline
2025
11 d early
2024
18 d late
2023
30 d late
2022
42 d early
2021
19 d early
2020
16 d early
2019
18 d early
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
23-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€756k▲ 11.5%
2024 · €678k
2018: €55k
2019: €116k
2020: €207k
2021: €254k
2022: €367k
2023: €495k
2024: €678k
2018 → 2025
Total assets
€3.33M▲ 49.0%
2024 · €2.24M
2018: €585k
2019: €1.10M
2020: €989k
2021: €1.36M
2022: €1.33M
2023: €2.11M
2024: €2.24M
2018 → 2025
Net result
€78k▼ 65.5%
2024 · €225k
2018: €38k
2019: €60k
2020: €91k
2021: €47k
2022: €113k
2023: €145k
2024: €225k
2018 → 2025
Working capital
€374k▲ 628%
2024 · €51k
2018: €22k
2019: €344k
2020: €44k
2021: €-78k
2022: €-47k
2023: €-292k
2024: €51k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€254k-€367k▲ 44.3%€495k▲ 34.8%€678k▲ 37.0%€756k▲ 11.5%
Operating result€70k-€151k▲ 116%€234k▲ 55.1%€370k▲ 58.2%€218k▼ 41.0%
Net result€47k-€113k▲ 138%€145k▲ 29.0%€225k▲ 54.8%€78k▼ 65.5%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 41% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €3.33M
Fixed assets
€1.82M▲ 14.0%
Current assets
€1.52M▲ 136%
Equity and liabilities €3.33M
Equity
€756k▲ 11.5%
Debt
€2.58M▲ 65.3%
The debt ratio rises from 69.7% to 77.3%. Equity and debt are higher.
Key figures and ratios
EBITDA
€555k▼
2024 · €652k
Cash flow
€415k▼
2024 · €507k
Solvency
22.7%▼
2024 · 30.3%
Current ratio
1.33▲
2024 · 1.09
Quick ratio
1.26▲
2024 · 1.04
Debt / equity
3.41▲
2024 · 2.30
ROE
10.3%▼
2024 · 33.2%
ROA
2.3%▼
2024 · 10.1%
Interest coverage
5.08▼
2024 · 7.26
Debt
€2.58M▲
2024 · €1.56M
Debt ≤ 1 year
€1.14M▲
2024 · €592k
Debt > 1 year
€385k▲
2024 · €334k
Income taxes
€33k▼
2024 · €55k
Staff costs
€484k▲
2024 · €331k
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€2.24M€3.33M▲
Fixed assets21/28€1.59M€1.82M▲
Intangible fixed assets21€6k€2k▼
Tangible fixed assets22/27€1.33M€1.49M▲
Plant, machinery and equipment23€657k€901k▲
Furniture and vehicles24€136k€132k▼
Leasing and similar rights25€356k€253k▼
Other tangible fixed assets26€182k€203k▲
Financial fixed assets28€257k€324k▲
Current assets29/58€644k€1.52M▲
Stocks and contracts in progress3€26k€81k▲
Stocks30/36€26k€81k▲
Amounts receivable within one year40/41€337k€1.17M▲
Trade receivables40€85k€554k▲
Other amounts receivable41€252k€617k▲
Current investments50/53€134k€134k=
Cash at bank and in hand54/58€83k€43k▼
Deferred charges and accrued income490/1€63k€88k▲
Equity and liabilities
Total equity and liabilities10/49€2.24M€3.33M▲
Equity10/15€678k€756k▲
Contributions10/11€7k€7k=
Reserves13€671k€749k▲
Non-distributable reserves130/1€134k€134k=
Reserves not available under the articles1311€134k€134k=
Distributable reserves133€537k€615k▲
Profit (loss) carried forward14-€0
Amounts payable17/49€1.56M€2.58M▲
Amounts payable after more than one year17€334k€385k▲
Financial debts170/4€334k€385k▲
Amounts payable within one year42/48€592k€1.14M▲
Current portion of amounts payable after more than one year42€191k€227k▲
Financial debts43€161k€407k▲
Credit institutions430/8€161k€407k▲
Trade debts44€186k€455k▲
Suppliers440/4€186k€455k▲
Taxes, remuneration and social security45€24k€54k▲
Remuneration and social security454/9€24k€54k▲
Other amounts payable47/48€30k€0▼
Accrued charges and deferred income492/3€632k€1.05M▲
Income statement
Code20242025
Non-recurring operating income76A€53k€0▼
Remuneration, social security and pensions62€331k€484k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€282k€337k▲
Other operating charges640/8€8k€9k▲
Non-recurring operating charges66A-€27k
Gross operating margin9900€991k€1.07M▲
Operating profit (loss)9901€370k€218k▼
Financial income75/76B€31€2k▲
Recurring financial income75€31€2k▲
Financial charges65/66B€90k€109k▲
Recurring financial charges65€90k€109k▲
Profit (loss) for the period before taxes9903€280k€111k▼
Income taxes67/77€55k€33k▼
Profit (loss) for the period9904€225k€78k▼
Profit (loss) for the period to be appropriated9905€225k€78k▼
Appropriation of the result
Profit (loss) to be appropriated9906€225k€78k▼
Transfer to equity691/2€195k€78k▼
To other reserves6921€195k€78k▼
Profit to be distributed694/7€30k€0▼
Directors or managers695€30k€0▼
Social balance
Average headcount (FTE)90875.16.6▲
The notes to these accounts (25 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
20-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
18-08
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 18 days late
2024
31-12
Financial
Highest result since 2018net €225k ▲54.8%
Operating result €370k, net result €225k, both a record.
31-12
Financial
Equity above €500kEq €678k ▲37%
7 profitable years in a row build equity to €678k.
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 30 days late
2023
19-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
12-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
15-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Equity above €200kEq €207k ▲79%
3 profitable years in a row build equity to €207k.
13-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Liquidity triplescurrent ratio 3.54
Current ratio from 1.19 to 3.54.
31-12
Financial
Equity above €100kEq €116k ▲109%
2 profitable years in a row build equity to €116k.
10-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
26-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
5 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, Antwerpen · 1 establishment unit since 2017
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.
Luchthavenlei 12100 AntwerpenGround area
3,899 m²
Building footprint
4,663 m²
Volume, LiDAR
29,635 m³
Parcel 11346B0773/00T004, Flanders · tallest building 19.3 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Skywings Flight Training
since 20172.262.812.634
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11346B0773/00T004 | Flanders | 3,899 m² | 1 · 4,663 m² | 19.3 m · 2 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.
Public money · subsidies and aid
Flemish government
2024 to 2025 · 2 entries · 208 EUR awarded · 208 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 0 EUR | 208 EUR |
| 2024 | 1 | 208 EUR | 0 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Similar companies · same sector, comparable size
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Of 293 companies in sector 85532 we hold annual accounts for 83. 34 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded28-03-2017
Fiscal year end31-12
Activities, NACEBEL
85532Education
51100Air transport
51210Air transport
77350Rental and leasing activities
Sources
Crossroads Bank for EnterprisesNational Bank · 9 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.