Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Negative equity NBB
More debt than assets in 4 of the last 4 fiscal years.
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Two loss years in a row NBB
Negative result in 2024 and 2025.
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Tight liquidity NBB
Cash and receivables cover 36 % of short-term debt in 2025; threshold 65 %.
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Busy address KBO
69 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2025
AIRPORT BORDER from Etterbeek, company number BE0465101736, closed financial year 2025 with a result of € -1 million after tax. For that financial year AIRPORT BORDER recorded a gross margin of € 1.1 million and equity of € -2.7 million. Compared with financial year 2024, the result moved from € -640,759 to € -1 million. The company made a loss. 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 June 12, 2026.
€ -2.7 million
▼ € 1 million vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -1 million
▼ 59 % more loss than in 2024
Profit after tax over the fiscal year.
€ 104,616
▼ 86% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -4.3 million.
People and assets in 2025
0
Average over the fiscal year, from the social balance sheet.
Debts at end 2025
€ 19 million
▼ 1% vs 2024
€ 632,880 is repaid this year. At this pace the long-term loan is gone in ≈ 30 years.
€ 277,445
▼ 16% vs 2024
Supplier invoices still open on the last day of the fiscal year.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 1,504,737 | € 1,211,592 | € 1,372,974 | € 1,055,697 | ▼ 23% |
| Profit after taxes | € 100,254 | € -136,966 | € -640,759 | € -1,018,134 | ▼ € 377,375 |
| Equity | € -925,258 | € -1,062,224 | € -1,702,983 | € -2,721,117 | ▼ € 1 million |
| Total debts | € 21,774,347 | € 21,241,844 | € 20,936,735 | € 20,912,695 | |
| Cash | € 820,884 | € 1,141,844 | € 724,308 | € 104,616 | ▼ 86% |
| Land & buildings | € 16,780,445 | € 16,159,929 | € 15,497,495 | € 14,590,589 | ▼ 6% |
| Retained profit | € -2,486,987 | € -2,623,954 | € -3,264,712 | € -4,282,846 | ▼ € 1 million |
| Bank debt | € 20,444,907 | € 19,737,124 | € 19,235,718 | € 19,040,596 | ▼ 1% |
| Balance sheet total | € 20,849,089 | € 20,179,619 | € 19,233,752 | € 18,191,578 | ▼ 5% |
Key figures of AIRPORT BORDER, 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 AIRPORT BORDER?
What happened at AIRPORT BORDER in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 1 million. Source: NBB ↗
- DG Conseil became a director. NBB
- Philippe Chauveau became a director. NBB
- New establishment in Etterbeek. KBO
- Start of the company according to the CBE. KBO
In short
From € 100,254 profit in 2022 to € 1 million loss in 2025.
Best year ever: 2022, with € 100,254 profit.
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De Lijn 8 June 2026 New annual account 2025
filed on 8 June 2026
What was left
€ 20 k ▼ 91%
Money in the bank
€ 178 k ▼ 98%
Open the dossier →
NMBS 8 June 2026 New annual account 2025 What was left ▼ 80%
bpost 18 May 2026 New annual account 2025 What was left from loss to profit
Management
Behind AIRPORT BORDER are DG Conseil and Philippe Chauveau. The shares are held by REU LUX 2 S.A.R.L (77.4%), Immo Water Weyde (22.5%) and GACE HP SARL (0%).
Directors
According to the 2025 annual accounts
Director · represented by Serge Declerck
Also active at: IMMO WATER WEYDE, ZEEMST, INVESTCORE, Plaza Properties, Plaza Operations, Hermes Plaza Services
since 2023
Philippe Chauveau
Director
since 2011
Shareholders
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Sint-Michielslaan 125
1040 Etterbeek
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 69 companies are registered at this address.
All companies at this address →Compagnie Financiére, Immobiliére et Commerciale
€ -11,609 gross margin · 2025
FINANCIERE CONSTRUCTIONS BELGES
€ 224,022 gross margin · 2024
PARIFRI
€ -60,778 gross margin · 2025
FAIR INVEST
€ 41,933 gross margin · 2025
IMMO WATER WEYDE same network
€ 852,453 gross margin · 2025
+64 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
- 0465.101.736
- VAT number
- BE 0465.101.736
- Registered office
- Sint-Michielslaan 125, 1040 Etterbeek
- Names & denominations
- AIRPORT BORDER
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 30 December 1998
- Peppol
- Active · Active since 9 Dec 2025
- Activities · NACE
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