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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Tight liquidity NBB
Cash and receivables cover 42 % of short-term debt in 2026; threshold 65 %.
Financials
Financial year 2026
VisionFlyer from Gent, company number BE0699721178, closed financial year 2026 with a result of € -42,020 after tax. For that financial year VisionFlyer recorded a gross margin of € -1,987 and equity of € 156,784. Compared with financial year 2025, the result moved from € 14,286 to € -42,020. The company made a loss. The company holds a healthy buffer. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on October 23, 2026.
€ 156,784
▼ 21% vs 2025
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -42,020
▼ still € 14,286 profit in 2025
Profit after tax over the fiscal year.
€ 26,297
▲ € 23,219 vs 2025
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € 138,184.
People and assets in 2026
0
Average over the fiscal year, from the social balance sheet.
€ 2,775
▼ 22% vs 2025
Book value of vehicles, furniture and equipment.
Debts at end 2026
€ 207,494
▼ 8% vs 2025
€ 16,653 is repaid this year. At this pace the long-term loan is gone in ≈ 10 years.
€ 11,692
▼ 35% vs 2025
Supplier invoices still open on the last day of the fiscal year.
€ 25,020
▼ 12% vs 2025
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
| 2023 | 2024 | 2025 | 2026 | Change 2025 → 2026 | |
|---|---|---|---|---|---|
| Gross margin | € 11,900 | € 57,151 | € 57,155 | € -1,987 | ▼ € 59,142 |
| Profit after taxes | € -26,303 | € 16,601 | € 14,286 | € -42,020 | ▼ € 56,306 |
| Equity | € 167,917 | € 184,518 | € 198,804 | € 156,784 | ▼ 21% |
| Total debts | € 509,954 | € 575,570 | € 580,738 | € 539,724 | ▼ 7% |
| Cash | € 45,361 | € 35,679 | € 3,078 | € 26,297 | ▲ € 23,219 |
| Land & buildings | € 244,438 | € 230,886 | € 220,270 | € 206,424 | ▼ 6% |
| Retained profit | € 149,317 | € 165,918 | € 180,204 | € 138,184 | ▼ 23% |
| Bank debt | € 232,116 | € 196,952 | € 226,433 | € 207,494 | ▼ 8% |
| Balance sheet total | € 677,871 | € 760,088 | € 779,541 | € 696,508 | ▼ 11% |
Key figures of VisionFlyer, fiscal years 2023 to 2026, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2027) expected before 31 October 2027.
What happened to VisionFlyer?
What happened at VisionFlyer in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2026: loss of € 42,020 (▼ € 56,306 vs 2025). Source: NBB ↗
- New establishment in Gent. KBO
- Start of the company according to the CBE. KBO
In short
From € 26,303 loss in 2023 to € 42,020 loss in 2026.
Paid € 887 in corporate taxes since 2023.
Best year ever: 2024, with € 16,601 profit.
Management
Behind VisionFlyer is Alfonso Cangelli. It owns 80% of Altobassi and 80% of AdAstra Invest itself.
Directors
According to the 2026 annual accounts
Alfonso Cangelli
Director
Establishments
Establishment units
Physical locations of this company
Landmanstraat 5
9041 Gent
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 1 companies are registered at this address.
All companies at this address →What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0699.721.178
- VAT number
- BE 0699.721.178
- Registered office
- Landmanstraat 5, 9041 Gent
- Names & denominations
- VisionFlyer
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 6 July 2018
- Peppol
- Active · Active since 21 Oct 2026
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