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SN AIRHOLDING

Active
Public limited companyfounded 1979active for 47 yearsKompaslaan 26, 1831 Machelen (Brab.), BelgiumKBO/BCE: BE 0419.468.778

From the official registers: KBO 60 annual accounts at the National Bank publications in the Belgian Official Gazette

Summary

SN AIRHOLDING has been active since 1979 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €689.3m and a net result of €596,119. Equity has been growing by about 27% per year since 2018. Its solvency ranks better than 95% of 3,861 sector peers (NACE 70, financial year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).

Risk analysisFollow ReportCompare
SN AIRHOLDINGActiveChecked score 90/100
Risk analysis ReportCompare

Overview

Official details

KBO
Status
Active since 03-05-1979 Normal situation
Legal form
Public limited company
Registered office
Kompaslaan 26, 1831 Machelen (Brab.)
Activity
Activities of head offices NACE 70100and 5 others
Establishment unit
2.161.922.637 1831 Machelen (Brab.), since 20-02-2007
Financial year end
31 December
Peppol
Reachable since 20-11-2020
Company details

Board and ownership

Board
Auditor
EY Bedrijfsrevisoren BV
Shareholders
Holdings
Shares in 1 company BRUSSELS AIRLINES
Board & ownership

Financial position

90 Excellent Checked score 2025
Bankruptcy probabilitywithin 12 months
0.2%
Annual accounts 2025
Turnover
€21.5m
▲ 1.0%
Profit
€596,119
▼ 59.6%
Equity
€689.3m
▲ 0.1%
Total assets
€693.0m
▲ 0.1%
Staff
166.5 FTE
▲ 14.0%
2025 accounts filed 15 days before the deadline
Filed on 16-07-2026at the National Bank
Financials
Score breakdownraises risk1 change of registered office in 24 monthsLiquidity: current ratio 2.22, cash €944,264lowers riskSize: turnover €21.5m, 166.5 FTE, total assets €693.0mFounded in 1979Show the evidence

Checked score

Score 2025
90 / 100
Excellent
Probability in this band: under 0.55%
Financially stronger than 52% of medium-sized companies in head offices and management consultancy (NACE 70)
Every signal that counts is listed under Signals.
Financial strength · tick: 2024
Strong
Solvency 100=
equity 99.5% of total assets
Liquidity 50=
short-term debt 0.5% · cash 0.1%
Profitability 38=
return on assets 0.1%
Bankruptcy probability within 12 months
0.2% Very low
0%0.5%1.5%4%10%≥ 25%

About 2 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.1% (800 companies, NACE 70, medium-sized)
Last 24 months 11-2024: 0.1% 12-2024: 0.1%● unchanged vs 11-2024 01-2025: 0.1%● unchanged vs 12-2024 02-2025: 0.1%● unchanged vs 01-2025 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%● unchanged 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: 0.1%● unchanged vs 04-2026 06-2026: 0.1%● unchanged vs 05-2026 07-2026: 0.1%● unchanged vs 06-2026 08-2026: 0.1%● unchanged vs 07-2026lowest value 09-2026: 0.1%● unchanged vs 08-2026lowest value 10-2026: 0.2%▲ +0.1 percentage points vs 09-2026highest value
Credit of up to €2,100,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 2.22 (2.15 in 2024), above the usual 1.5. Short-term debt is 0.5% and cash 0.1% of total assets. 0.5% of the assets are financed with debt and provisions.
Calculation

The band follows from the bankruptcy probability. 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, medium-sized). It does better than 82% of them on solvency, 48% on liquidity, 35% on profitability and 42% on growth.

The bankruptcy probability was computed on 31-10-2026 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. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).

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Signals

Five signals.
lowers riskraises riskneutral
raises risk · 1 change of registered office in 24 months
Belgian Official Gazette
raises risk · Liquidity: current ratio 2.22, cash €944,264
NBB · annual accounts
lowers risk · Size: turnover €21.5m, 166.5 FTE, total assets €693.0m
Companies of this size fail less often. How much that weighs depends on the rest of the company's profile.
NBB · annual accounts
lowers risk · Founded in 1979
Companies that have existed this long fail less often. How much that weighs depends on the rest of the company's profile.
KBO
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 16-07-2026, 15 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
15 days early
2024
38 days early
2023
40 days early
2022
26 days early
2021
48 days early
2020
51 days early
2019
76 days late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

The company filed its last 7 accounts on average 20 days before the deadline. In the sector (NACE 70), the median for financial year 2024 was 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 23 June (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Where today falls in the filing period
01-11-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
That holds for every publication since 2021.
KBO publications

Key points

  • Caution: Result fell in 2025from €1.5m to €596,119 ▼ 59.6% View
  • Positive: Higher solvency than 95% of companies in head offices and management consultancysector median 53.3% · 3,861 companies 99.5% View
  • Positive: 4 years of growth in a rowturnover 2025: €21.5m 4 years View
  • Board changedlatest change 01-01-2026 · 3 in office 1 joined · 1 left View
  • Positive: Filed on time since financial year 2020accounts within the deadline every year 6 years View

Documents

Annual accounts at the NBB

All 60 annual accounts

Acts in the Belgian Official Gazette

All publications in the Belgian Official Gazette

Articles and registers

Key facts about SN AIRHOLDING

What is the company number of SN AIRHOLDING?
The company number of SN AIRHOLDING is 0419.468.778. The VAT number is the same number with BE in front: BE 0419.468.778.
Where is SN AIRHOLDING based?
The registered office is at Kompaslaan 26, 1831 Machelen (Brab.).Company details
What does SN AIRHOLDING do?
According to the KBO register, the main activity is activities of head offices (NACE 70100).
What is the legal form of SN AIRHOLDING?
The legal form of SN AIRHOLDING is Public limited company (NV).
When was SN AIRHOLDING founded?
SN AIRHOLDING was founded on 03-05-1979.
Is SN AIRHOLDING still active?
Yes, SN AIRHOLDING is an active enterprise in the KBO register.
How many employees does SN AIRHOLDING have?
SN AIRHOLDING had an average of 166.5 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
What is the turnover of SN AIRHOLDING?
The turnover of SN AIRHOLDING was €21.5m in financial year 2025, according to the filed annual accounts.
Is SN AIRHOLDING profitable?
In financial year 2025, SN AIRHOLDING made a profit of €596,119.
Where can I find the annual accounts of SN AIRHOLDING?
SN AIRHOLDING filed 60 annual accounts with the National Bank of Belgium, the latest for financial year 2025.Annual accounts at the National Bank
When are the next annual accounts of SN AIRHOLDING due?
SN AIRHOLDING must file the annual accounts for financial year 2026 by 31-07-2027.Timeline

Companies linked to SN AIRHOLDING

Comparable companies

These companies have the same main activity as SN AIRHOLDING: activities of head offices (NACE 70100). They are comparable in size and age: total assets between €216m and €1.1bn, founded between 1945 and 1996.

CompanyTotal assetsTurnover
SN AIRHOLDING Machelen (Brab.)€693.0m€21.5m
BEAULIEU INTERNATIONAL GROUP Waregem€949.4m€34.4m
SARENS BESTUUR Meise€507.9m€29.2m
KINEPOLIS GROUP Brussel€642.7m€78.9m
MAATSCHAPPIJ TOT EXPLOITATIE VAN IMMOBILIEN Waregem€1,110.4m€28.3m
Moore Belgium Brussel€215.8m€46.7m
SIHOLD Ardooie€246.1m€16.9m
Full comparison

Next steps

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