Equity
-€2,747
Debts exceed assets in financial year 2025.
AE PROJECT
Lifetime
3 annual accounts with figures on one time axispeak €21,847 (2025)
€21,847▲ €34,775
lowest -€13,911 (2024)
€14,834▲ €28,744
peak -€2,747 (2025)
-€2,747▲ €14,834
€23,870▼ 37.0%
Board2 names since 2023
1 directorELAERTS Alice
Documentsfilings and deeds
29-09-202660 days late
2025micro format
Gross margin from -€12,928 to €21,847Back to profit: €14,834Equity from -€17,580 to -€2,747Debts from €37,872 to €23,870Cash from €1,999 to €141
Key points
from the 2025 annual accountsTurnover
≈ €100,000 estimated
The micro format states no turnover.
Debts
€23,870 113% of the balance sheet
Suppliers 5%Taxes and wages 1%Other 94%
Filings
3 annual accounts 2 late
The 2025 accounts came latest: 60 days after the end of the period.
Board
1 joined
New director. Latest change 09-11-2026 · 2 in office.
Position in the sector
-13.0%
Lower solvency than 92% of companies in head offices and management consultancy. Sector median 55.5% · 39,376 companies.
Checked score
55
Fair
Financially stronger than 45% of micro companies in head offices and management consultancy (NACE 70)
Probability in this band: 1.5% to 4.2%
Negative equity caps the score at 59.
Bankruptcy probability within 12 months
0.8% Low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.1% across 48,572 companies (NACE 70, micro).
About 8 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.3%lowest value
01-2025: 0.3%● unchanged vs 12-2024
02-2025: 0.3%● unchanged vs 01-2025
03-2025: 0.3%● unchanged vs 02-2025
04-2025: 0.3%● unchanged vs 03-2025
05-2025: 0.3%● unchanged vs 04-2025
06-2025: 0.3%● unchanged vs 05-2025
07-2025: 0.4%▲ +0.1 percentage points vs 06-2025
08-2025: 0.5%▲ +0.1 percentage points vs 07-2025
09-2025: 0.6%▲ +0.1 percentage points vs 08-2025
10-2025: 0.8%▲ +0.2 percentage points vs 09-2025
11-2025: 0.8%● unchanged vs 10-2025
12-2025: 0.8%● unchanged vs 11-2025
01-2026: 0.8%● unchanged vs 12-2025
02-2026: 0.8%● unchanged vs 01-2026
03-2026: 0.8%● unchanged vs 02-2026
04-2026: 0.8%● unchanged vs 03-2026
05-2026: 0.8%● unchanged vs 04-2026
06-2026: 0.8%● unchanged vs 05-2026
07-2026: 0.8%● unchanged vs 06-2026
08-2026: 1.1%▲ +0.3 percentage points vs 07-2026
09-2026: 1.2%▲ +0.1 percentage points vs 08-2026highest value
10-2026: 0.8%▼ -0.4 percentage points vs 09-2026
11-2026: 0.8%● unchanged vs 10-2026
Financial strengthWeak
Score breakdown
raises risk
Capped at 59: negative equity
Last filed accounts filed 60 days late; 2 of the last 3 accounts late
Negative equity -€2,747
lowers risk
Sector: Activities of head offices; management consultancy activities (NACE 70)
Size: total assets €21,124
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 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% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 70, micro). It does better than 7% of them on solvency, 2% on liquidity, 84% on profitability and 87% on growth.
The bankruptcy probability was computed on 10-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the low class on 30-06-2025, 0.8% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 1,017 companies had the same profile as AE PROJECT has now. Each dot stands for 3 companies, two years later.
89.2%
were still trading
4.0%
stopped another way
6.5%
went bankrupt
Another 0.3% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of AE PROJECT itself is lower: 0.8% within 12 months. It rests on far more data about AE PROJECT than the profile alone.
Test of the method
The method was tested on the 497,448 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 1,017 companies, not a prediction for AE PROJECT. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
No credit on open account
Liquidity is insufficient, with a current ratio of 0.5 (0.14 in 2024), below 1. Short-term debt is 113% and cash 0.7% of total assets. Equity is negative.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Six signals.
lowers riskraises risk
raises risk · Weak solvency compared with the sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 8% of 39376 sector peers (2025).
NBB · sector comparisonPosition among 39376 sector peers
Solvency
better than 8%
← weakest
strongest →
raises risk · 2025 accounts filed 60 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 29-09-2026, 60 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 3 filingsDeviation from the deadline
2025
60 days late
2024
55 days late
2023
on the day
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 3 accounts on average 38 days after the deadline. In the sector (NACE 70), the median for financial year 2024 was 9 days before the deadline, and 32% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 24 September (3 of the last 3 accounts filed within 54 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
11-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
Registered office moved from Ath to Seneffe
Transfer of 10 shares · New registered office: Rue des CANADIENS 38-B-7180 SENEFFE · Previous registered office: Chaussée de Bruxelles, 147 à 7800 Ath · General meeting of 01-04-2026 · Gazette deed
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0803623224
Incorporation
Founding capital of €1,000, 10 shares · Founder: ELAERTS Alice · Appointment: ELAERTS Alice (director) · published on 07-07-2023 · Gazette deed
First establishment
Chaussée de Bruxelles 147, Ath
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| AE PROJECT Seneffe | €21,124 | €21,847 | -13.0% | - |
| A.S. ADVICE Saint-Ghislain | €22,177 | €18,747 | 89.0% | - |
| Phil Eggen Projects Antwerp | €22,401 | €21,933 | 58.5% | - |
| We-Management Antwerp Brecht | €21,161 | €22,224 | 65.4% | - |
| XIRUSO Aarschot | €23,067 | €19,865 | 69.7% | - |
| STSA-solutions Londerzeel | €22,630 | €18,507 | 87.4% | - |
| Benfor Ixelles | €22,806 | €18,862 | -24.1% | - |
These companies have the same main activity as AE PROJECT: business and other management consultancy (NACE 70200). They are comparable in size and age: total assets between €21,200 and €23,100, founded in 2023.
Official details
Source: KBO- Status
- Active since 05-07-2023Normal situation
- Activity
- Business and other management consultancyNACE 70200and 4 others
- Establishment unit
- 2.350.486.3807800 Ath, since 05-07-2023
- Financial year end
- 31 December
- Peppol
- Reachable since 21-10-2026
Insights on AE PROJECT
AE PROJECT files the micro format. That format states no turnover. The gross margin rose from -€3,325 in 2023 to €21,847 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about AE PROJECT
- What is the company number of AE PROJECT?
- The company number of AE PROJECT is 0803.623.224. The VAT number is the same number with BE in front: BE 0803.623.224.
- Where is AE PROJECT based?
- The registered office is at Rue des Canadiens 38, 7180 Seneffe.Company details
- What does AE PROJECT do?
- According to the KBO register, the main activity is business and other management consultancy (NACE 70200).
- What is the legal form of AE PROJECT?
- AE PROJECT is a private limited company (BV).
- When was AE PROJECT founded?
- AE PROJECT was founded on 05-07-2023.
- Is AE PROJECT still active?
- Yes, AE PROJECT is an active enterprise in the KBO register.
- What is the turnover of AE PROJECT?
- The turnover in financial year 2025 is ≈ €100,000. This figure is estimated from the gross margin of €21,847 and 206 comparable companies (NACE 70200). It probably lies between €47,000 and €200,000. It is a rough estimate. In financial year 2023 turnover was €2,800.Financials
- Is AE PROJECT profitable?
- In financial year 2025, AE PROJECT made a profit of €14,834.
- Where can I find the annual accounts of AE PROJECT?
- AE PROJECT filed 3 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of AE PROJECT due?
- AE PROJECT must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
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