Up Ballooning
ActiveUp Ballooning has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €69k and a net result of €6k. Equity is growing by ~22.7% per year across the filed fiscal years. Its solvency ranks better than 55% of 139 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.3% (low).
Checked score
Score 2025
74
/ 100
Healthy
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability74▼-5
Solvency75▲+14
Growth52=
Track record94
Bankruptcy probability, 12 months
1.3%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €5k at 30 days acceptable
Liquidity tight (current ratio 1.35 against 0.88 in 2024; short-term debt: 43.2% and cash: 51.1% of total assets), and 49.9% 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
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
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
50.1%
Return on assets
4.3%
Age of the figures
12 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 51
Relative position
BE, all sectors
reference
Sector 51
higher
← fewer bankruptcies
more bankruptcies →
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 24-03-2026, 37 days ahead of the deadline.
NBB · 4 filingsDeviation from the deadline
2025
37 d early
2024
29 d early
2023
34 d early
2022
32 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
17-09-2026 today30-09-2026 close30-04-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€69k▲ 9.4%
2024 · €63k
2022: €35k
2023: €49k
2024: €63k
2022 → 2025
Total assets
€138k▼ 20.9%
2024 · €175k
2022: €143k
2023: €176k
2024: €175k
2022 → 2025
Net result
€6k▼ 57.6%
2024 · €14k
2022: €31k
2023: €15k
2024: €14k
2022 → 2025
Working capital
€21k
2024 · €-13k
2022: €-22k
2023: €-29k
2024: €-13k
2022 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2022202320242025Trend
Equity€35k-€49k▲ 41.8%€63k▲ 28.6%€69k▲ 9.4%
Operating result€43k-€26k▼ 40.1%€25k▼ 1.7%€14k▼ 45.0%
Net result€31k-€15k▼ 52.8%€14k▼ 3.1%€6k▼ 57.6%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen three years in a row; 2025 is 45% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €138k
Fixed assets
€57k▼ 33.0%
Current assets
€81k▼ 9.2%
Equity and liabilities €138k
Equity
€69k▲ 9.4%
Debt
€69k▼ 38.1%
The debt ratio falls from 63.8% to 49.9%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€42k▼
2024 · €52k
Cash flow
€34k▼
2024 · €41k
Solvency
50.1%▲
2024 · 36.2%
Current ratio
1.35▲
2024 · 0.88
Quick ratio
1.35▲
2024 · 0.88
Debt / equity
1.00▼
2024 · 1.76
ROE
8.6%▼
2024 · 22.2%
ROA
4.3%▼
2024 · 8.1%
Interest coverage
9.57▼
2024 · 13.13
Debt
€69k▼
2024 · €111k
Debt ≤ 1 year
€60k▼
2024 · €102k
Income taxes
€3k▼
2024 · €7k
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€175k€138k▼
Fixed assets21/28€86k€57k▼
Intangible fixed assets21€2k€689▼
Tangible fixed assets22/27€84k€57k▼
Plant, machinery and equipment23€56k€40k▼
Furniture and vehicles24€28k€17k▼
Current assets29/58€89k€81k▼
Amounts receivable within one year40/41€12k€4k▼
Trade receivables40€11k€375▼
Other amounts receivable41€624€4k▲
Cash at bank and in hand54/58€71k€71k▼
Deferred charges and accrued income490/1€6k€6k▲
Equity and liabilities
Total equity and liabilities10/49€175k€138k▼
Equity10/15€63k€69k▲
Contributions10/11€4k€4k=
Reserves13€59k€65k▲
Distributable reserves133€59k€65k▲
Amounts payable17/49€111k€69k▼
Amounts payable within one year42/48€102k€60k▼
Trade debts44€5k€5k▼
Suppliers440/4€5k€5k▼
Taxes, remuneration and social security45€1k€198▼
Taxes450/3€1k€198▼
Other amounts payable47/48€96k€55k▼
Accrued charges and deferred income492/3€10k€9k▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€27k€28k▲
Other operating charges640/8€5k€1k▼
Gross operating margin9900€57k€43k▼
Operating profit (loss)9901€25k€14k▼
Financial income75/76B€10€4▼
Recurring financial income75€10€4▼
Financial charges65/66B€4k€4k▲
Recurring financial charges65€4k€4k▲
Profit (loss) for the period before taxes9903€21k€9k▼
Income taxes67/77€7k€3k▼
Profit (loss) for the period9904€14k€6k▼
Profit (loss) for the period to be appropriated9905€14k€6k▼
Appropriation of the result
Profit (loss) to be appropriated9906€14k€6k▼
Transfer to equity691/2€14k€6k▼
To other reserves6921€14k€6k▼
The notes to these accounts (7 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
24-03
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
30-09
Financial
Weakest financial yearnet €6k ▼57.6%
Net result drops to €6k, the lowest in the series.
01-04
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
27-03
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
29-03
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
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, Sint-Niklaas · 1 establishment unit since 2021
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.
Marktstraat 1069111 Sint-NiklaasGround area
961 m²
Building footprint
199 m²
Volume, LiDAR
884 m³
Parcel 46002A0286/00A002, Flanders · tallest building 8.7 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
Up Ballooning
since 20212.322.271.654
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 46002A0286/00A002 | Flanders | 961 m² | 1 · 199 m² | 8.7 m · 1 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.
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ECHO ALFA NOVEMBER
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THOMAS VAN ERCK
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Of 453 companies in sector 51100 we hold annual accounts for 170. 125 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded14-09-2021
Fiscal year end30-09
Activities, NACEBEL
51100Air transport
77350Rental and leasing activities
Sources
Crossroads Bank for EnterprisesNational Bank · 4 filingsAddress and cadastre registers
Data from official sources, last processed on 17-09-2026. Scores and ratios are computed by Checked and are not a credit decision.