Financials
- Fiscal year
- 2025
- Total assets
- €5.1m
- Loss
- -€2.2m
- Solvency
- 51.3%
Turnover▼ 32.4%
Net result
20182019
AARDEX Group
ActiveSummary
AARDEX Group has been active since 2015 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €2.6m and a net result of -€2.2m. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 50% of 174 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Overview
Activity
Manufacture of computer, electronic and optical products
NACE 26600Other research and development on natural sciences NACE 72109NACE 72190
#9 company by total assets in Seraing, Manufacturing sector1 site
Size
€5.1mtotal assets 2025
- Staff
- 9.7 FTE
- Equity
- €2.6m
- Loss
- -€2.2m
Structure
- Holdings
- 1
Accounts 7 d early0 of 18 deeds read
Why 85- Loss of €2.2m, the second in a row (FY 2025)+ Liquidity: current ratio 0.52, cash €866,592+ Sector Manufacture of computer, electronic and optical products (NACE 26)+ Equity €2.6m (51.3% of total assets)Show the evidence
Checked score
Score 2025
85
/ 100
Excellent
Probability in this band: under 0.55%
Better than 30% of its sector peers (NACE 26, micro)
Performance against the sector, not lower risk
Financial strength · tick = 2024
Weak
Solvency
76-24
equity 51.3% of total assets
Liquidity
52-13
short-term debt 41.0% · cash 16.9%
Profitability
0-8
return on assets -42.0%
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
About 2 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
11-2024: 0.1%
12-2024: 0.1%● 0.0% vs 11-2024
01-2025: 0.1%● 0.0% vs 12-2024
02-2025: 0.1%● 0.0% vs 01-2025
03-2025: 0.1%● 0.0% vs 02-2025
04-2025: 0.2%▲ +16.9% vs 03-2025
05-2025: 0.2%▲ +4.4% vs 04-2025
06-2025: 0.2%▲ +11.4% vs 05-2025
07-2025: 0.2%▲ +10.3% vs 06-2025
08-2025: 0.1%▼ -47.1% vs 07-2025
09-2025: 0.1%▼ -1.9% vs 08-2025lowest value
10-2025: 0.1%● 0.0% vs 09-2025lowest value
11-2025: 0.1%● 0.0% vs 10-2025lowest value
12-2025: 0.1%▲ +7.5% vs 11-2025
01-2026: 0.1%● 0.0% vs 12-2025
02-2026: 0.1%▲ +0.9% vs 01-2026
03-2026: 0.1%● 0.0% vs 02-2026
04-2026: 0.1%▲ +13.9% vs 03-2026
05-2026: 0.1%▲ +3.8% vs 04-2026
06-2026: 0.2%▲ +11.0% vs 05-2026
07-2026: 0.2%▲ +6.6% vs 06-2026
08-2026: 0.2%▲ +51.6% vs 07-2026highest value
09-2026: 0.2%▼ -2.5% vs 08-2026
10-2026: 0.2%● 0.0% vs 09-2026
- Loss of €2.2m, the second in a row (FY 2025) raises the probability
- Liquidity: current ratio 0.52, cash €866,592 lowers the probability
- Sector Manufacture of computer, electronic and optical products (NACE 26) lowers the probability
- Equity €2.6m (51.3% of total assets) lowers the probability
Credit up to €220,000 at 30 days acceptable
Liquidity short (current ratio 0.52 against 1.8 in 2024; short-term debt: 41% and cash: 16.9% of total assets), and 48.7% of the assets are financed with debt.
How it is calculated
The band comes from the bankruptcy probability on a scale of 0 to 100: every 10 points more double the odds of getting through the year without bankruptcy.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Place inside the band: half the bankruptcy probability, half how the company does against its sector peers (NACE 26, micro). Better than this share of them on solvency 50%, liquidity 44%, profitability 10%, growth against the median 14%. That is performance, not lower risk; the band itself always comes from the probability.
Bankruptcy probability: model pd-v3.202610021621, computed on 04-10-2026. The model learns from Belgian bankruptcies and reads the registers, the annual accounts and the gazette.
Ceilings: negative or zero equity, a heavy loss, a special KBO legal situation and a missing filing 59 (two missing 44), an ongoing judicial reorganisation or an ending 24. Financial strength does not count in the score.
Credit check for your own amount and term
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Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year -€2.2m
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 24-07-2026, 7 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
7 d early
2024
21 d early
2023
33 d early
2022
39 d early
2021
45 d early
2020
32 d early
2019
2 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 26 days before the deadline; the sector median for financial year 2024 is 8 days before the deadline, and 34% of the sector filed late.
Checked, nothing found (2)
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. Usually files around 29 June (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
05-10-2026 today31-12-2026 close31-07-2027 deadline
- Annual accounts filedfiscal year 2025 · full…
- Weakest financial yearnet -€2.2m
- Annual accounts filedfiscal year 2024 · full…
Key points
- Risk: 7 loss-making years in a rowloss fiscal year 2025 -€2.2m View
- Caution: Result fell in 2025from -€535,804 to -€2.2m ▼ 303% View
- Caution: Among the weakest 10% on net resultsector median €119,247 · 174 companies -€2.2m View
- Positive: Always filed on timeaccounts within the deadline every year 7 years View
By topic
Network & group
- Subsidiaries
- 1
1 subsidiary
Timeline
- Events
- 14
- Since
- 2017
- Next accounts
- by 31-07-2027
- 24-07-2026Annual accounts filed
- 31-12-2025Weakest financial year
- 10-07-2025Annual accounts filed
Company details
- Sites
- 1
- Legal form
- Public limited company
- Activity
- Manufacture of computer, electronic and optical productsNACE 26600
- Founded
- 04-06-2015
- Year ends
- 31-12
- Peppol
- Reachable for e-invoices
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