Turnover
≈ €180,000 estimated
The micro format states no turnover.
Vortex
Overview
Lifetime
1 annual account with figurespeak €23,894 (2025)
€23,894
peak €16,650 (2025)
€16,650
peak €21,650 (2025)
€21,650
€10,255
Board1 name since 2024
1 directorTONNIAU Laurentz
Documentsfilings and deeds
24-08-202624 days late
2025micro format
First year with figures
Key points
from the 2025 annual accountsStarting capital
€5,000 100 shares
2025 accounts filed 24 days after the deadline
Checked score
88
Excellent
Financially stronger than 81% of micro companies in air transport (NACE 51)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.4% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.4% across 201 companies (NACE 51, micro).
About 4 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2025: 1.6%
01-2026: 1.6%● unchanged vs 12-2025
02-2026: 1.7%▲ +0.1 percentage points vs 01-2026
03-2026: 2.0%▲ +0.3 percentage points vs 02-2026
04-2026: 2.1%▲ +0.1 percentage points vs 03-2026
05-2026: 2.3%▲ +0.2 percentage points vs 04-2026
06-2026: 2.3%● unchanged vs 05-2026
07-2026: 2.6%▲ +0.3 percentage points vs 06-2026highest value
08-2026: 2.5%▼ -0.1 percentage points vs 07-2026
09-2026: 0.4%▼ -2.1 percentage points vs 08-2026lowest value
10-2026: 0.4%● unchanged vs 09-2026
11-2026: 0.4%● unchanged vs 10-2026
Financial strengthStrong
Score breakdown
raises risk
Founded in 2024
Size: total assets €31,905
lowers risk
Liquidity: current ratio 3.11, cash €29,715
Equity €21,650 (67.9% of total assets)
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 51, micro). It does better than 69% of them on solvency, 81% on liquidity and 93% on profitability.
The bankruptcy probability was computed on 10-11-2026 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.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
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).
Comparable companies, two years later
In July 2024, 11,279 companies had the same profile as Vortex has now. Each dot stands for 29 companies, two years later.
96.6%
were still trading
2.6%
stopped another way
0.7%
went bankrupt
That fits the bankruptcy probability of Vortex itself: 0.4% within 12 months.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% | 0.9% |
| 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% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 11,279 companies, not a prediction for Vortex. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
Credit of up to €1,500 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 3.11, above the usual 1.5. Short-term debt is 32.1% and cash 93.1% of total assets. 32.1% of the assets are financed with debt and provisions.
Credit check for an amount and term of your choice
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
lowers riskraises risk
raises risk · 2025 accounts filed 24 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 24-08-2026, 24 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 1 filingDeviation from the deadline
2025
24 days late
← before the deadline
after the deadline →
Searched, nothing found (1)
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:1016474381
Incorporation
Founding capital of €5,000, 100 shares · Founder: TONNIAU Laurentz · Appointment: TONNIAU Laurentz (director) · published on 25-11-2024 · Gazette deed
First establishment
Enclus du haut 11, Mont-de-l'Enclus
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| Vortex Mont-de-l'Enclus | €31,905 | €23,894 | 67.9% | - |
| LATITUDES Stavelot | €46,597 | €43,415 | 80.9% | - |
| GO Fly! Juprelle | €51,153 | €42,352 | 61.9% | - |
| DS FLIGHT SOLUTIONS Beernem | €70,350 | €46,973 | 63.0% | - |
| HELODRONE Berloz | €86,219 | €33,033 | 26.6% | - |
| Hub Aviation & IT services Morlanwelz | €46,609 | €69,613 | 18.3% | - |
| Kala Aviation Edegem | €86,472 | €24,182 | 20.9% | - |
These companies have the same main activity as Vortex: passenger air transport (NACE 51100). They are comparable in size and age: total assets between €46,600 and €86,500, founded between 2022 and 2025.
Official details
Source: KBO- Status
- Active since 21-11-2024Normal situation
- Activity
- Passenger air transportNACE 51100and 3 others
- Establishment unit
- 2.366.491.8757750 Mont-de-l'Enclus, since 21-11-2024
- Financial year end
- 31 December
- Peppol
- Reachable since 05-12-2025
Insights on Vortex
Vortex has been active since 2024 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €21,650 and a net result of €16,650.
Its solvency ranks better than 70% of 155 sector peers (NACE 51, financial year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Financials
Annual accounts 2025
micro format, filed on 24-08-2026, 24 days late€23,894
€21,507
€16,650
€21,650
67.9%
3.11
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €180,000. Estimated: probably between €83,000 and €440,000.
Balance sheet
balance sheet total €31,905 on 31-12-2025What the company ownsHow it is paid for
Position in the sector
67.9%
Higher than 70% of 155 companies in 2025.
3.11
Higher than 69% of 145 companies in 2025.
52.2%
Higher than 95% of 145 companies in 2025.
Vortex
Middle half of the sector
80% of the sector
Micro accounts in air transport (NACE 51)
Net result: middle half · Equity: middle half · Balance sheet total: bottom quarter · Working capital: middle half
Filed annual accounts
as filed with the National Bank, click a year to choose it| Line | Trend | 2025 |
|---|---|---|
| Balance sheet: assets | ||
20/58 |
31,905 | |
29/58 |
31,905 | |
40/41 |
2,190 | |
40 |
1,815 | |
41 |
375 | |
54/58 |
29,715 | |
| Balance sheet: equity and liabilities | ||
10/49 |
31,905 | |
10/15 |
21,650 | |
10/11 |
5,000 | |
13 |
16,650 | |
133 |
16,650 | |
17/49 |
10,255 | |
42/48 |
10,255 | |
44 |
1,269 | |
440/4 |
1,269 | |
45 |
5,444 | |
450/3 |
5,444 | |
47/48 |
3,542 | |
| Income statement | ||
9900 |
23,894 | |
630 |
1,224 | |
640/8 |
1,163 | |
9901 |
21,507 | |
65/66B |
32 | |
65 |
32 | |
9903 |
21,474 | |
67/77 |
4,824 | |
9904 |
16,650 | |
9905 |
16,650 | |
| Appropriation of the result | ||
9906 |
16,650 | |
691/2 |
16,650 | |
6921 |
16,650 | |
| Document | ||
The notes to these accounts have 4 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.
Source: Annual accounts 2025 at the NBB, filed on 24-08-2026.
Filings
each dot is a set of accounts, on the day it reached the National Bank2025 annual accounts filed 24 days after the deadline. Filed on 24 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00424387.
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 24-08-2026 | 2026-00424387 |
Key figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2025 |
|---|---|---|
| 22,730 | ||
| 17,874 | ||
| 0 | ||
| 21,650 | ||
| 67.9% | ||
| 3.11 | ||
| 0.47 | ||
| 76.9% | ||
| 52.2% | ||
| over 100 |
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
Investments
fixed assets acquired| Item | 2025 |
|---|---|
| Financial fixed assets | €0 |
| €1,224 |
Source: notes to the 2025 annual accounts (statement of fixed assets)
Insights on Vortex
Debt's share of the balance-sheet total is 32.1%.
Board & ownership
Board
1 director, since incorporationDirector (not named in the articles)
since 01-10-2024
term without a fixed end
listed in the 2025 annual accounts, filed on 24-08-2026
- Signing authorityThe articles say who may bind the company, for example by signing a contract.
- Each director alonedeed of 25-11-2024
Mandates through the years
1 name, the dashed line is todayTONNIAU Laurentz
Director (not named in the articles)
Director (not named in the articles)
Board
Mandates as a list
- TONNIAU Laurentz
- Director (not named in the articles), from 01-10-2024 to date
Control
Capital
- Contribution
- €5,000
- Shares
- 100
- Contribution per share
- €50
- Equity per share
- €216 in 2025
- Source
- deed of 25-11-2024
Articles of association
deed of 25-11-2024 (in French)- DurationMost companies exist for an unlimited period, until they are dissolved.
- Unlimited
- Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
- Last Friday of June at 10:00
Shareholders
At incorporation
deed of 25-11-2024 ↗
- TONNIAU Laurentz 100 shares (100%) · €5,000 in cash
Network & group
No group
Vortex has no parent and no holdings in its annual accounts. TONNIAU Laurentz is the only director. Vortex shares no director with another company.
Timeline
Timeline
4 events since 2024Filings
Establishments
202420252026
2026
Annual accounts 2025 filed NBBmicro format · 24 days late
2025
Registered in the Peppol Directory Reachable for e-invoices through 0208:1016474381
2024
IncorporationFounding capital of €5,000, 100 shares · Founder: TONNIAU Laurentz · Appointment: TONNIAU Laurentz (director) · published on 25-11-20245 points ▸
- Founder, TONNIAU Laurentz
- Founding capital, €5,000, 100 shares
- 100 shares
- Registered office clause, Enclus du Haut 11b, 7750 Orroir (Mont-de-l’Enclus)
- Director appointment, TONNIAU Laurentz (director (not named in the articles))
- The deed holds 2 more points.
First establishment Enclus du haut 11, Mont-de-l'Enclus
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
Company details
Identity
- Enterprise number
- 1016.474.381
- VAT number
- BE 1016.474.381
- Peppol ID
- 0208:1016474381
- Other Peppol ID
- 9925:BE1016474381
- Legal form
- Private limited company
- Status
- Active, normal situation
- Founded
- 21-11-2024
- Financial year
- ends on 31 December
- Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
- Last Friday of June at 10:00deed of 25-11-2024 (in French)
- Peppol
- Reachable since 05-12-2025Follow this company and you will hear the next morning if it leaves the Peppol register.
- Name
- Vortex in French
- Entity type
- Legal entity
- DurationMost companies exist for an unlimited period, until they are dissolved.
- Unlimiteddeed of 25-11-2024 (in French)
- Registered office clauseThe articles name the region of the registered office. The language of official documents depends on that region, among other things.
- “Enclus du Haut 11b, 7750 Orroir (Mont-de-l’Enclus)”deed of 25-11-2024 (in French)
Activities
NACEBEL 202551100
Passenger air transport main activity
85532
Education
Codes under NACEBEL 2008
51100
Passenger air transport main activity
52230
Warehousing and support activities for transportation
66300
Activities auxiliary to financial services and insurance activities
85532
Education
- PurposeThe purpose describes the activities the company may carry out under its articles.
- “Toutes les fonctions de conseil et tous les services conseillé possibles au sens le plus large du terme; Fournir des conseils dans le sens…”deed of 25-11-2024 (in French)
27 activities
- Toutes les fonctions de conseil et tous les services conseillé possibles au sens le plus large du terme;
- Fournir des conseils dans le sens le plus large du terme,des conseils,de l'assistance,de la gestion et la prestation d'autres services à ou conformément liés aux activités exercées par l'entreprise elle-même,principalement mais pas exclusivement dans le domaine de la direction générale,de la gestion,l'administration et les finances,ventes,marketing,ressources humaines,logistique,organisation,production et développement,distribution,transformation,techniques d'organisation commerciale et gestion d'entreprise;
- Toutes les activités possibles liées à la fourniture de conseil,formation,coaching,expertise technique et assistance;
- Fournir des conseils et fournir des services liés à l'organisation et à la gestion de sociétés et d'entreprises,à la représentation et à agir en tant qu'intermédiaire commercial;
- Fournir une assistance,des conseils et une orientation aux entreprises,aux particuliers et aux institutions,directement ou indirectement,de toute nature qu’ils soient,le tout dans le sens le plus large;
- La prestation de services à caractère économique,en interne et en participation avec des tiers,en tant que représentant,intermédiaire ou courtier,tels que la réalisation d'études de marché,la création,la direction et le contrôle d'une organisation commerciale,et en général,en vue d’un gestion efficace.
- Exercer tous les mandats possibles sous forme d'études d'organisation,d'expertise,d'actions techniques ou autres et de conseils,dans tous les domaines compris dans son objet ou sa finalité.
- Ces services peuvent être fournis dans le cadre d'une nomination contractuelle ou statutaire et en tant que conseiller externe ou organisme du client.
- Transport aérien de passagers
- Exploitation de taxis aériens,l'organisation et l'exploitation de vols
- Exploitation de vols touristiques,aérodromes
- Location d’avions avec pilote
- Exploitation d’une école de pilotage,incentives,vol d’initiations,
- L'exercice d'activités d'aviation commerciale
- Investir,souscrire,reprendre,placer,acheter,vendre et négocier des actions,des parts représentative,des obligations,des bons de souscription,des certificats,des dettes,des fonds et d'autres actifs mobiliers,émis par des bureaux administratifs,des sociétés,des institutions,des associations avec ou sans statut (semi)-publique,situés en Belgique ou à l’étranger;
- L'apport,l'absorption,la fusion,la souscription,l'enregistrement,la participation ou toute autre manière de prendre part ou participer à toutes les sociétés,associations ou sociétés existantes ou à créer,en Belgique ou à l'étranger,dont l'objet est identique,similaire ou apparenté au sien,ou est de nature à favoriser l'exercice ou le développement de son objet;
- Gérer les investissements et les participations dans des filiales;
- Prendre des fonctions d'administrateur et participer à la gestion,la liquidation et la surveillance dans d'autres sociétés;
- Accorder des prêts,des facilités de crédit et des avances,quelle qu'en soit la forme ou la durée,à des particuliers,à des sociétés dans lesquelles ils détiennent une participation ou à d'autres sociétés,et garantir tous les engagements des mêmes personnes privé ou d’entreprises;
- Tant pour garantir ses propres engagements ainsi que les engagements des tiers,fournir des sûretés ou des sûretés,fournir des hypothèques ou d'autres titres,au sens large,et,en général,effectuer toutes opérations commerciales et financières à l'exception de celles qui sont légalement réservés aux banques de dépôt,aux détenteurs de dépôts à court terme,aux caisses d'épargne,aux sociétés de crédit hypothécaire et aux sociétés de capitalisation.
- Effectuer toutes les transactions relatives à l'immobilier et aux droits immobiliers de toute nature,telles que le financement de la location de biens immobiliers à des tiers,l'achat,la vente,l'échange,la construction,la rénovation,l'entretien,la location,la division,la prospection et l'exploitation de biens immobiliers de toutes sortes,tels que les terrains,dans les zones rurales comme dans les zones bâties,ainsi que l'estimation de l'immobilier,le développement,la commercialisation et la supervision de tous les projets immobiliers,l'attribution par l'urbanisation.
- Effectuer toutes les transactions relatives aux biens mobiliers et droits de toute nature,telles que l'achat et la vente,la location de biens mobiliers,l'acquisition par souscription ou l'achat et la gestion d'actions,d'obligations,de certificats d'épargne ou d’autres biens mobiliers,sous quel forme qu’il soit,de personnes morales ou de sociétés belges ou étrangères,existantes ou à établir;
- Acquérir tous biens mobiliers ou immobiliers à titre,même s'ils ne sont ni directement ni indirectement liés à l'objet de l'entreprise;
- Se tenir garand pour le bon déroulement des engagements pris par des tiers qui bénéficieraient de ses biens mobiliers et immobiliers;
- Obtenir,développer,exploiter,acheter,vendre,concéder sous licence ou abandonner tous les brevets,licences,savoir-faire et marques de commerce,ainsi que les actifs incorporels connexes,liés à la gestion des biens immobiliers et des biens mobiliers;
- La recherche,le développement,la fabrication ou la commercialisation de nouveaux produits,nouvelles machines,nouvelles technologies et leurs applications;
- La mise à disposition de biens mobiliers et immobiliers aux dirigeants de la société,à titre de rémunération en nature.
Registered office and establishments
1 establishment| Establishment | Since | Unit number |
|---|---|---|
| Enclus du haut 11b registered office 7750 Mont-de-l'Enclus | ||
| Enclus du haut 11 7750 Mont-de-l'Enclus | 21-11-2024 | 2.366.491.875 |
Buildings and parcels at the address
- Ground area
- 1,030 m²
- Buildings
- 178 m²
- Volume, LiDAR
- 1,195 m³
- Tallest building
- 10.6 m
Buildings to scale, each on its own parcel
Parcels
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 57061B0551/00R000 | 1,030 m² | 1 · 178 m² | 10.6 m · 2 |
Contact
E-mail
laurentz.tonniau@firmware.be
Phone
+32 55 30 31 18