Wind Calm Aviation
ActiveWind Calm Aviation has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €94k and a net result of €46k. Equity is growing by ~36.1% per year across the filed fiscal years. Its solvency ranks better than 81% of 139 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.1% (low).
Checked score
Score 2025
100
/ 100
Excellent▲ +2 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability100=
Solvency100▲+4
Growth78=
Stability94
Bankruptcy probability, 12 months
1.1%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €9k at 30 days acceptable
Liquidity ample (current ratio 5.49 against 2.04 in 2024), and 17.7% 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
82.3%
Return on assets
40.4%
Age of the figures
8 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 31-12-2025 was due by 31-07-2026 and was filed on 28-07-2026, 3 days ahead of the deadline.
NBB · 5 filingsDeviation from the deadline
2025
3 d early
2024
on the day
2023
28 d early
2022
60 d early
2021
31 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
15-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€94k▲ 96.4%
2024 · €48k
2021: €20k
2022: €25k
2023: €53k
2024: €48k
2021 → 2025
Total assets
€114k▲ 26.2%
2024 · €91k
2021: €57k
2022: €49k
2023: €79k
2024: €91k
2021 → 2025
Net result
€46k▲ 7.3%
2024 · €43k
2021: €17k
2022: €5k
2023: €28k
2024: €43k
2021 → 2025
Working capital
€91k▲ 113%
2024 · €43k
2021: €18k
2022: €22k
2023: €47k
2024: €43k
2021 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€20k-€25k▲ 23.2%€53k▲ 110%€48k▼ 9.3%€94k▲ 96.4%
Operating result€22k-€6k▼ 72.0%€35k▲ 455%€54k▲ 53.6%€61k▲ 14.3%
Net result€17k-€5k▼ 72.8%€28k▲ 482%€43k▲ 55.9%€46k▲ 7.3%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed three years in a row; 2025 is 14% above 2024 and is the highest year so far.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €114k
Fixed assets
€3k▼ 52.8%
Current assets
€111k▲ 33.0%
Equity and liabilities €114k
Equity
€94k▲ 96.4%
Debt
€20k▼ 52.6%
The debt ratio falls from 47.1% to 17.7%: equity grows while debt is paid down.
Key figures and ratios
EBITDA
€65k▲
2024 · €57k
Cash flow
€50k▲
2024 · €47k
Solvency
82.3%▲
2024 · 52.9%
Current ratio
5.49▲
2024 · 2.04
Quick ratio
5.49▲
2024 · 2.04
Debt / equity
0.21▼
2024 · 0.89
ROE
49.1%▼
2024 · 89.9%
ROA
40.4%▼
2024 · 47.5%
Interest coverage
62.65▲
2024 · 38.69
Debt
€20k▼
2024 · €43k
Debt ≤ 1 year
€20k▼
2024 · €41k
Income taxes
€14k▲
2024 · €9k
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€91k€114k▲
Fixed assets21/28€7k€3k▼
Intangible fixed assets21€4k€747▼
Tangible fixed assets22/27€3k€3k▼
Furniture and vehicles24€2k€1k▼
Other tangible fixed assets26€2k€1k▼
Current assets29/58€83k€111k▲
Amounts receivable within one year40/41€2k€22k▲
Trade receivables40€635€20k▲
Other amounts receivable41€962€2k▲
Cash at bank and in hand54/58€82k€89k▲
Equity and liabilities
Total equity and liabilities10/49€91k€114k▲
Equity10/15€48k€94k▲
Contributions10/11€3k€3k=
Reserves13€45k€91k▲
Distributable reserves133€45k€91k▲
Amounts payable17/49€43k€20k▼
Amounts payable after more than one year17€2k-
Financial debts170/4€2k-
Amounts payable within one year42/48€41k€20k▼
Current portion of amounts payable after more than one year42€4k€2k▼
Financial debts43€3k€3k▲
Credit institutions430/8€3k€3k▲
Trade debts44€551€1k▲
Suppliers440/4€551€1k▲
Taxes, remuneration and social security45€4k€2k▼
Taxes450/3€4k€2k▼
Other amounts payable47/48€31k€12k▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€4k€4k=
Other operating charges640/8€528€544▲
Gross operating margin9900€58k€66k▲
Operating profit (loss)9901€54k€61k▲
Financial charges65/66B€1k€1k▼
Recurring financial charges65€1k€1k▼
Profit (loss) for the period before taxes9903€52k€60k▲
Income taxes67/77€9k€14k▲
Profit (loss) for the period9904€43k€46k▲
Profit (loss) for the period to be appropriated9905€43k€46k▲
Appropriation of the result
Profit (loss) to be appropriated9906€43k€46k▲
Transfer from equity791/2€30k-
Transfer to equity691/2€25k€46k▲
To other reserves6921€25k€46k▲
Profit to be distributed694/7€48k-
Return on contributions (dividend)694€48k-
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
28-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Highest result since 2021net €46k ▲7.3%
Operating result €61k, net result €46k, both a record.
31-12
Financial
Liquidity triplescurrent ratio 5.49
Current ratio from 2.04 to 5.49; short-term debt falls from €41k to €20k.
31-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
03-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
01-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Weakest financial yearnet €5k ▼72.8%
Net result drops to €5k, the lowest in the series; recovery starts the following year.
30-06
NBB filing
Annual accounts filed
fiscal year 2021 · 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, Gent · 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.
Ottergemsesteenweg 3479000 GentGround area
173 m²
Building footprint
86 m²
Volume, LiDAR
513 m³
Parcel 44808H0451/00C005, Flanders · tallest building 12.3 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
Wind Calm Aviation
since 20212.314.599.251
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44808H0451/00C005 | Flanders | 172 m² | 1 · 86 m² | 12.3 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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ESTICAR
BE 0829.033.363
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FlightCorp
BE 0672.968.578
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AVIMO
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Of 451 companies in sector 51100 we hold annual accounts for 170. 118 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded12-02-2021
Fiscal year end31-12
Activities, NACEBEL
51100Air transport
51210Air transport
82990Other business support services
Sources
Crossroads Bank for EnterprisesNational Bank · 5 filingsAddress and cadastre registers
Data from official sources, last processed on 15-09-2026. Scores and ratios are computed by Checked and are not a credit decision.