Summary
Conclusion
the dossier summarised in one paragraphThe computed 12-month bankruptcy probability of FIRST AIRLINES is 1.3% (low). The company has been active since 1999 and the Belgian State Gazette contains no insolvency or warning signals. No processed annual-account figures are available; this conclusion rests on registry and State Gazette data only.
Based on State Gazette and CBE data.
Filing behaviour
From the deposit records, complete market-wideDeadline passed, not yet counted as missing
The deadline for the year that closed on 31-12-2025 passed on 31-07-2026, 20 days ago. Our copy of the deposit register trails the National Bank (measured: median 14 days, p99 45 days), so we only call this filing missing from 45 days past the deadline.
Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 25-08-2025, 25 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
How we compute the deadline
The year end is derived from 10 filed financial years, each closing on 31-12. The statutory deadline is seven months after the close of the financial year (art. 3:10 par. 1 CAC, art. 3:47 par. 7 for ASBL and foundations). Applied to the financial year that closed on 31-12-2024, that is 31-07-2025.
Deadline per financial year
| Year closed | Due by | Filed | Variance | Reference |
|---|---|---|---|---|
| 31-12-2025 | 31-07-2026 | nothing on record | not filed | - |
| 31-12-2024 | 31-07-2025 | 25-08-2025 | 25 d late | 2025-00474754 |
| 31-12-2023 | 31-07-2024 | 25-08-2025 | 390 d late | 2025-00472412 |
| 31-12-2022 | 31-07-2023 | 31-08-2023 | 31 d late | 2023-00388789 |
| 31-12-2021 | 31-07-2022 | 15-06-2022 | 46 d early | 2022-20064363 |
| 31-12-2020 | 31-07-2021 | 30-09-2021 | 61 d late | 2021-69900159 |
| 31-12-2018 | 31-07-2019 | 30-08-2019 | 30 d late | 2019-61000300 |
| 31-12-2017 | 31-07-2018 | 06-03-2019 | 218 d late | 2019-06500584 |
| 31-12-2016 | 31-07-2017 | 31-08-2017 | 31 d late | 2017-59000047 |
| 31-12-2014 | 31-07-2015 | 31-08-2015 | 31 d late | 2015-57500300 |
| 31-12-2012 | 31-07-2013 | 20-08-2013 | 20 d late | 2013-45500542 |
Source: the National Bank's deposit records. Those records are complete, including for years whose figures we have not read yet. Filing late covers nearly half the market and is therefore not scored; only not filing, being more than 90 days late and breaking a punctual record carry weight.
Trust signals
2 signalsLong-established
Founded in 1999, 27 years in business.
No legal incidents
No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.
Administrative Flags
No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
Bankruptcy probability (12 mo)
Checked model v1 · free for everyone1.3%
Low
0%0,5%1,5%4%10%≥25%
No NACE activity registered
+Higher-failure-rate region
+Long track record
−
Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?
Financials
Annual accounts & ratios
Source: NBBFinancials being processed
NBB has 10 filing(s) on record for this company, latest fiscal year 2024 (micro). The annual accounts are being processed.
Filings on record
| Fiscal year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2024 | micro | 25-08-2025 | 2025-00474754 |
| 31-12-2023 | micro | 25-08-2025 | 2025-00472412 |
| 31-12-2022 | micro | 31-08-2023 | 2023-00388789 |
| 31-12-2021 | micro | 15-06-2022 | 2022-20064363 |
| 31-12-2020 | micro | 30-09-2021 | 2021-69900159 |
| 31-12-2018 | micro | 30-08-2019 | 2019-61000300 |
| 31-12-2017 | micro | 06-03-2019 | 2019-06500584 |
| 31-12-2016 | micro | 31-08-2017 | 2017-59000047 |
| 31-12-2014 | volledig | 31-08-2015 | 2015-57500300 |
| 31-12-2012 | volledig | 20-08-2013 | 2013-45500542 |
Directors
Directors & mandates
7 directorsCurrent directors & mandates
-
Current04-09-2025 → present
-
Current04-09-2025 → present
-
ART ON THE MOVELegal entityDirector· perm. rep.: Joel DelvilleState Gazette act 23109939 (24-08-2023)Current24-08-2023 → present
-
Current24-08-2023 → present
-
Current23-10-2021 → present
Former directors (2)
-
Former- → 04-09-2025
-
ACENTO s.r.i.Legal entityDirector· perm. rep.: Frederic de Gaiffier d'HestroyState Gazette act 25132320 (17-10-2025)Former- → 16-06-2023
Full appointment history from the Belgian State Gazette. Permanent representatives are shown for corporate directors.
Insolvency mandates
No insolvency mandates (liquidators, administrators) on record for this company.
Legal Structure
| NACE primary | - |
| Legal form | Public limited company(014) |
| Incorporation | 05-07-1999 |
| Status | Active |
| Postal code | 1050 |
Structure & network
Connections & network
2 connected companiesGroup structure
Sits on the board · 1 subsidiary · 1 location
Control→
Linked via shared directors
viaJoël Delville · Permanent representative
→
Connections derived from shared directors, addresses, shareholders and group structure in the Belgian State Gazette.
Ownership & control
1 partyControl over this companysits on this company's board1
1 subsidiary · 1 location
controls
FIRST AIRLINESBE 0466.427.666
Each band states what its claims rest on. A board seat is influence over the board, not ownership. Court mandates (receiver, interim administrator) and liquidation mandates do not link companies and are therefore absent here; they belong under Directors & mandates.
Locations & real estate
Registered office
from the Crossroads BankCannot 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.
Alphonse Renardstraat 151050 ElseneEstablishment units
1 locationFirst Airlines
since 20172.303.891.936
Physical sites registered in the Crossroads Bank for Enterprises (CBE).
Parcels2
Ground area495 m²
Buildings2
Building footprint247 m²
Volume (LiDAR)4,020 m³
Tallest building22.5 m · ±6 fl.
Real-estate footprint
Source: CBE × cadastre · address linkingParcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.
Brussels
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21447B0485/00B000 | Brussels | 288 m² | 1 · 135 m² | 22.5 m · 6 fl. |
| 21447B0313/00W025 | Brussels | 207 m² | 1 · 111 m² | 18.1 m · 5 fl. |
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Publications
Lifecycle & Insolvency Signals
No insolvency signals in the Belgian State Gazette
Belgisch Staatsblad · acts
6 acts Address history · 2
27-09-2021
v3.2
03-07-2017
v3.2
All acts · 6
updated 10 months ago
2025
17-10-2025 Frederic de Gaiffier d'Hestroy resigns as director
04-09-2025 1 director appointed, 1 resigning, 1 reappointed
- Joël Delville, Bestuurder
- Abis s.r.l., Bestuurder
- Willem Kuypers, Bestuurder
Summary:
v3.2
2023
24-08-2023 2 reappointed
2022
22-04-2022 Kuijpers Willem appointed as director
2021
27-09-2021 Registered office moved within Bruxelles
- AV MOLIERE 132, 1050 BRUXELLES → Rue Alphonse Renard 15, 1050 Bruxelles
Summary:
v3.2
2017
03-07-2017 Registered office moved from Houx to Ixelles
- Clos des Manoyes 73, 5530 Houx → Avenue Molière 132, 1050 Ixelles
Summary:
v3.2
Analysis
Credit advice
verdict per customer and amountCompany registry
Company registry (CBE)
Crossroads BankNames & trade names
| Legal nameFR | FIRST AIRLINES |
Registered office
Alphonse Renardstraat 15
1050 Elsene, Belgium
Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.