THEO AVIATION
ActiveThe computed 12-month bankruptcy probability of THEO AVIATION is 2.1% (moderate). The 2025 annual accounts show equity of €11k and a net result of €1k. Equity is growing by ~47.2% per year across the filed fiscal years. Its solvency ranks better than 57% of 1309 sector peers (fiscal year 2025). The company has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
70
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability75▼-25
Solvency77▼-14
Growth78=
Track record94
Bankruptcy probability, 12 months
2.1%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €500 at 30 days acceptable
Liquidity ample (current ratio 2.58 against 2.93 in 2024; short-term debt: 36.7% and cash: 54.2% of total assets), and 47.6% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
+raises risk○neutral
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 · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 33
Relative position
BE, all sectors
reference
Sector 33
higher
← fewer bankruptcies
more bankruptcies →
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 12-07-2026, 19 days ahead of the deadline.
NBB · 3 filingsDeviation from the deadline
2025
19 d early
2024
5 d late
2023
9 d late
← 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, micro schema
Equity
€11k▲ 1.5%
2024 · €11k
2023: €783
2024: €11k
2023 → 2025
Total assets
€22k▲ 28.8%
2024 · €17k
2023: €5k
2024: €17k
2023 → 2025
Net result
€1k▼ 91.0%
2024 · €11k
2023: €-2k
2024: €11k
2023 → 2025
Working capital
€13k▲ 15.5%
2024 · €11k
2023: €161
2024: €11k
2023 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line202320242025Trend
Equity€783-€11k▲ 1,323%€11k▲ 1.5%
Operating result€-1k-€15k€1k▼ 90.8%
Net result€-2k-€11k€1k▼ 91.0%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 91% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €22k
Fixed assets
€1k▲ 288%
Current assets
€20k▲ 24.1%
Equity and liabilities €22k
Equity
€11k▲ 1.5%
Debt
€10k▲ 82.8%
The debt ratio rises from 33.6% to 47.6%. Equity and debt are higher.
Key figures and ratios
EBITDA
€2k▼
2024 · €16k
Cash flow
€2k▼
2024 · €12k
Solvency
52.4%▼
2024 · 66.4%
Current ratio
2.58▼
2024 · 2.93
Quick ratio
2.58▼
2024 · 2.93
Debt / equity
0.91▲
2024 · 0.51
ROE
8.9%▼
2024 · 100.2%
ROA
4.6%▼
2024 · 66.5%
Interest coverage
18.08▼
2024 · 115.98
Debt
€10k▲
2024 · €6k
Debt ≤ 1 year
€8k▲
2024 · €6k
Income taxes
€268▼
2024 · €4k
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€17k€22k▲
Fixed assets21/28€297€1k▲
Tangible fixed assets22/27€297€1k▲
Furniture and vehicles24€297€1k▲
Current assets29/58€16k€20k▲
Amounts receivable within one year40/41€3k€6k▲
Trade receivables40-€1k
Other amounts receivable41€3k€4k▲
Cash at bank and in hand54/58€12k€12k▲
Deferred charges and accrued income490/1€2k€3k▲
Equity and liabilities
Total equity and liabilities10/49€17k€22k▲
Equity10/15€11k€11k▲
Contributions10/11€3k€3k=
Reserves13€9k€9k=
Distributable reserves133€9k€9k=
Profit (loss) carried forward14-€170
Amounts payable17/49€6k€10k▲
Amounts payable within one year42/48€6k€8k▲
Trade debts44€2k€1k▼
Suppliers440/4€2k€1k▼
Taxes, remuneration and social security45€2k€250▼
Taxes450/3€673€250▼
Remuneration and social security454/9€2k-
Other amounts payable47/48€2k€7k▲
Accrued charges and deferred income492/3-€2k
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€475€739▲
Other operating charges640/8€248€189▼
Gross operating margin9900€16k€2k▼
Operating profit (loss)9901€15k€1k▼
Financial income75/76B€9€2▼
Recurring financial income75€9€2▼
Financial charges65/66B€135€118▼
Recurring financial charges65€135€118▼
Profit (loss) for the period before taxes9903€15k€1k▼
Income taxes67/77€4k€268▼
Profit (loss) for the period9904€11k€1k▼
Profit (loss) for the period to be appropriated9905€11k€1k▼
Appropriation of the result
Profit (loss) to be appropriated9906€9k€1k▼
Profit (loss) brought forward from the previous period14P€-2k-
Transfer to equity691/2€9k-
To other reserves6921€9k-
Profit to be distributed694/7€800€833▲
Return on contributions (dividend)694€800€833▲
The notes to these accounts (5 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
12-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
05-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 5 days late
2024
31-12
Financial
Back to profitnet €11k
Net result €11k after one loss-making year.
31-12
Financial
Liquidity triplescurrent ratio 2.93
Current ratio from 1.04 to 2.93.
09-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 9 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 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, Tongeren-Borgloon · 1 establishment unit since 2022
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.
Sportpleinstraat 23700 Tongeren-BorgloonGround area
357 m²
Building footprint
181 m²
Volume, LiDAR
1,042 m³
Parcel 73348B0057/00Z000, Flanders · tallest building 10.0 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
THEO AVIATION
since 20222.331.824.867
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 73348B0057/00Z000indicative | Flanders | 357 m² | 1 · 181 m² | 10.0 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
0 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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SAFFRON AERO TECHNICAL
BE 1018.497.426
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VINTAGE FIGHTER AIRCRAFT
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V CONSULT
BE 0787.470.744
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Of 116 companies in sector 33160 we hold annual accounts for 55. 25 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded02-06-2022
Fiscal year end31-12
Activities, NACEBEL
33160Repair, maintenance and installation of machinery and equipment
52230Warehousing and support activities for transportation
Sources
Crossroads Bank for EnterprisesNational Bank · 3 filingsAddress and cadastre registers
Data from official sources, last processed on 23-09-2026. Scores and ratios are computed by Checked and are not a credit decision.