Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
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Negative equity NBB
More debt than assets in 4 of the last 4 fiscal years.
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Tight liquidity NBB
Cash and receivables cover 10 % of short-term debt in 2025; threshold 65 %.
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Shrinking team NBB
FTE fell two years in a row, from 8.6 to 7.5.
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Busy address KBO
16 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2025
AALST BALLOONING COMPANY from Aalst, company number BE0452336140, closed financial year 2025 with a result of € 14,206 after tax. For that financial year AALST BALLOONING COMPANY recorded a gross margin of € 402,490 and equity of € -1.5 million. Compared with financial year 2024, the result moved from € -514,077 to € 14,206. Profitable, and profit is growing. More debts than assets. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on August 31, 2026.
€ -1.5 million
▲ € 14,206 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 14,206
▲ still € 514,077 loss in 2024
Profit after tax over the fiscal year.
€ 81,817
▼ 36% vs 2024
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2025. Retained profit grew to € -1.6 million.
People and assets in 2025
7.5
▼ 0.8 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 267,055
€ 35,600 per full-time equivalent. Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 5,554
▼ 30% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 426,326
▼ 12% vs 2024
€ 62,086 is repaid this year. At this pace the long-term loan is gone in ≈ 2 years.
€ 868,988
▲ 130% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 35,333
▼ 24% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 286,341 | € -172,858 | € 135,357 | € 402,490 | ▲ 197% |
| Profit after taxes | € -305,522 | € -721,877 | € -514,077 | € 14,206 | ▲ € 528,283 |
| Equity | € -323,875 | € -1,045,752 | € -1,559,829 | € -1,545,623 | ▲ € 14,206 |
| Total debts | € 2,634,492 | € 3,287,056 | € 3,333,754 | € 3,103,382 | ▼ 7% |
| Cash | € 186,021 | € 91,087 | € 127,998 | € 81,817 | ▼ 36% |
| Retained profit | € -342,475 | € -1,064,352 | € -1,578,429 | € -1,564,223 | ▲ € 14,206 |
| Bank debt | € 300,000 | € 544,089 | € 486,251 | € 426,326 | ▼ 12% |
| Balance sheet total | € 2,310,617 | € 2,241,304 | € 1,773,925 | € 1,557,759 | ▼ 12% |
| Employees (FTE) | 8.7 | 8.6 | 8.3 | 7.5 | ▼ 0.8 |
Key figures of AALST BALLOONING COMPANY, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 31 July 2027.
What happened to AALST BALLOONING COMPANY?
What happened at AALST BALLOONING COMPANY in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 14,206. filed late Source: NBB ↗
- Philippe Brantegem became a director. NBB
- New establishment in Aalst. KBO
- Start of the company according to the CBE. KBO
In short
From € 305,522 loss in 2022 to € 14,206 profit in 2025.
Paid € 4,177 in corporate taxes since 2022.
Best year ever: 2025, with € 14,206 profit.
On average € 53,700 of value added per employee in 2025.
Management
The stake of Active Belgian Land Investment comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
AALST BALLOONING COMPANYBehind AALST BALLOONING COMPANY is Philippe Brantegem. The shares are held by Active Belgian Land Investment (99.7%).
Directors
According to the 2025 annual accounts
Philippe Brantegem
Director
Also active at: Discodan, MEUBELWEELDE 2000, LEDERWAREN BAEYENS, DARTA, Active Belgian Land Investment, PONTBEEK, A.B., ABLIMMO
since 2026
Shareholders
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Gentse steenweg 150 box 1.2
9300 Aalst
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 16 companies are registered at this address.
All companies at this address →Discodan same network
€ -90,249 gross margin · 2025
NIMOINVEST
€ -3,761 gross margin · 2025
LEDERWAREN BAEYENS same network
€ 114,236 gross margin · 2025
POLYSOC
€ 143,738 gross margin · 2025
Active Belgian Land Investment same network
€ 556,759 gross margin · 2026
+11 more
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0452.336.140
- VAT number
- BE 0452.336.140
- Registered office
- Gentse steenweg 150 bus 1.2, 9300 Aalst
- Names & denominations
- AALST BALLOONING COMPANY · A.B.C.
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 17 March 1994
- Peppol
- Active · Active since 10 Jan 2026
- Activities · NACE
Verhuur en exploitatie van eigen of geleased niet-residentieel onroerend goed, exclusief terreinen