AECO
Dissolved and wound up on 23-03-2026Financials · financial year 2026, micro format
Annual accounts 2026 filed on 30-03-2026 PDF all 35 filings
Turnover
≈ €18,000
Estimated: probably between €8,300 and €43,000
Total assets
€5,836▲ 2.0%
2025 · €5,719
Net result
€2,345
2025 · -€14,738
Working capital
-€1,134
2025 · €1,021
Multi-year overview
2018 to 2026, 9 financial yearsOperating result
€2,345
2026
20182026
Net result
€2,345
2026
20182026
Equity
€3,366
▼ 39.0%
2026
20182026
Total assets
€5,836
▲ 2.0%
2026
20182026
Debt
€2,471
▲ 12×
2026
20182026
Working capital
-€1,134
2026
20182026
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line201820192020202120222023202420252026
Operating result-€17,320--€4,098▲ 76.3%€9,411-€19,933-€26,081▼ 30.8%-€37,560▼ 44.0%-€37,593▼ 0.1%-€14,559▲ 61.3%€2,345
Net result-€17,851--€8,816▲ 50.6%€2,208-€20,215-€26,392▼ 30.6%-€33,302▼ 26.2%-€37,646▼ 13.0%-€14,738▲ 60.9%€2,345
Equity€139,922-€131,106▼ 6.3%€133,315▲ 1.7%€113,100▼ 15.2%€86,707▼ 23.3%€53,405▼ 38.4%€15,759▼ 70.5%€5,521▼ 65.0%€3,366▼ 39.0%
Total assets€143,592-€136,309▼ 5.1%€143,844▲ 5.5%€117,288▼ 18.5%€87,221▼ 25.6%€54,935▼ 37.0%€15,841▼ 71.2%€5,719▼ 63.9%€5,836▲ 2.0%
Debt€3,671-€5,203▲ 41.8%€10,530▲ 102%€4,188▼ 60.2%€513▼ 87.7%€1,530▲ 198%€82▼ 94.6%€198▲ 141%€2,471▲ 12×
Working capital€29,192-€37,585▲ 28.8%€58,532▲ 55.7%€57,010▼ 2.6%€49,311▼ 13.5%€34,702▼ 29.6%€15,759▼ 54.6%€1,021▼ 93.5%-€1,134
The operating result for 2026 is a profit of €2,345, after a loss of €14,559 in 2025. It is the highest result since 2020.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2026 in colour, 2025 as the grey bar beneath
Assets €5,836
Fixed assets
€4,500 =
Current assets
€1,336 ▲ 9.6%
Equity and liabilities €5,836
Equity
€3,366 ▼ 39.0%
Debt
€2,471 ▲ 12×
Debt's share of the balance-sheet total rises from 3.5% to 42.3%. Equity is lower and debt is higher.
Key figures and ratios
Current ratio
0.54▼
2025 · 6.15
Debt to equity
0.73▲
2025 · 0.04
ROE
69.7%▲
2025 · -266.9%
ROA
40.2%▲
2025 · -257.7%
Debt ≤ 1 year
€2,471▲
2025 · €198
Income taxes
€0▼
2025 · €248
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €20,177 | €17,209 | €18,693 | €18,693 | €18,693 | €18,693 | €18,703 | - | - | - |
| Other operating charges640/8 | - | - | - | €2,271 | €2,339 | €2,513 | €2,483 | €2,415 | €23 | ▼ 99.0% |
| Gross operating margin9900 | €3,815 | €15,557 | €30,273 | €1,031 | -€5,049 | -€16,355 | -€16,407 | -€12,144 | €2,368 | - |
| Operating profit (loss)9901 | -€17,320 | -€4,098 | €9,411 | -€19,933 | -€26,081 | -€37,560 | -€37,593 | -€14,559 | €2,345 | - |
| Financial income75/76B | - | - | - | - | - | €4,584 | €267 | €164 | - | - |
| Recurring financial income75 | - | - | - | - | - | €4,584 | €267 | €164 | - | - |
| Non-recurring financial income76B | - | - | - | - | - | €4,584 | €267 | €164 | - | - |
| Financial charges65/66B | - | - | - | €76 | €88 | €104 | €96 | €96 | - | - |
| Recurring financial charges65 | €144 | €122 | €35 | €76 | €88 | €104 | €96 | €96 | - | - |
| Profit (loss) for the period before taxes9903 | -€17,464 | -€4,219 | €9,376 | -€20,008 | -€26,170 | -€33,081 | -€37,421 | -€14,490 | €2,345 | - |
| Income taxes67/77 | €387 | €4,596 | €7,167 | €206 | €222 | €222 | €225 | €248 | €0 | ▼ 100.0% |
| Profit (loss) for the period9904 | -€17,851 | -€8,816 | €2,208 | -€20,215 | -€26,392 | -€33,302 | -€37,646 | -€14,738 | €2,345 | - |
| Profit (loss) for the period to be appropriated9905 | -€17,851 | -€8,816 | €2,208 | -€20,215 | -€26,392 | -€33,302 | -€37,646 | -€14,738 | €2,345 | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||
| Total assets20/58 | €143,592 | €136,309 | €143,844 | €117,288 | €87,221 | €54,935 | €15,841 | €5,719 | €5,836 | ▲ 2.0% |
| Fixed assets21/28 | €110,730 | €93,521 | €74,783 | €56,090 | €37,396 | €18,703 | - | €4,500 | €4,500 | = |
| Tangible fixed assets22/27 | €110,685 | €93,476 | €74,783 | €56,090 | €37,396 | €18,703 | - | €4,500 | €4,500 | = |
| Land and buildings22 | - | - | - | €56,090 | €37,396 | €18,703 | - | €4,500 | €4,500 | = |
| Financial fixed assets28 | €45 | €45 | - | - | - | - | - | - | - | - |
| Current assets29/58 | €32,863 | €42,788 | €69,061 | €61,198 | €49,824 | €36,232 | €15,841 | €1,219 | €1,336 | ▲ 9.6% |
| Amounts receivable within one year40/41 | €2,704 | €1,646 | €1,397 | €6,935 | €1,234 | €4,292 | €3,318 | €1,068 | €583 | ▼ 45.4% |
| Trade receivables40 | - | - | - | €5,735 | - | - | - | - | - | - |
| Other amounts receivable41 | - | - | - | €1,200 | €1,234 | €4,292 | €3,318 | €1,068 | €583 | ▼ 45.4% |
| Current investments50/53 | €28,148 | €28,148 | €28,148 | €28,148 | €28,148 | - | - | - | - | - |
| Cash at bank and in hand54/58 | €2,010 | €12,994 | €39,516 | €26,114 | €20,441 | €31,940 | €12,523 | €152 | €754 | ▲ 396% |
| Equity and liabilities | ||||||||||
| Total equity and liabilities10/49 | €143,592 | €136,309 | €143,844 | €117,288 | €87,221 | €54,935 | €15,841 | €5,719 | €5,836 | ▲ 2.0% |
| Equity10/15 | €139,922 | €131,106 | €133,315 | €113,100 | €86,707 | €53,405 | €15,759 | €5,521 | €3,366 | ▼ 39.0% |
| Contributions10/11 | €24,000 | €24,000 | - | €24,000 | €24,000 | €24,000 | €24,000 | €24,000 | €24,000 | = |
| Revaluation surpluses12 | - | - | - | €52,017 | €34,678 | €17,340 | - | €4,500 | - | - |
| Reserves13 | €157,907 | €175,246 | €192,585 | €209,924 | €227,263 | €244,601 | €261,941 | €261,941 | €261,941 | = |
| Non-distributable reserves130/1 | - | - | - | €209,924 | €227,263 | €244,601 | €261,941 | €261,941 | €261,941 | = |
| Reserves not available under the articles1311 | - | - | - | €1,859 | - | - | - | - | - | - |
| Other1319 | - | - | - | €208,065 | €227,263 | €244,601 | €261,941 | €261,941 | €261,941 | = |
| Profit (loss) carried forward14 | -€146,019 | -€154,835 | -€152,626 | -€172,841 | -€199,234 | -€232,536 | -€270,182 | -€284,920 | -€282,575 | ▲ 0.8% |
| Amounts payable17/49 | €3,671 | €5,203 | €10,530 | €4,188 | €513 | €1,530 | €82 | €198 | €2,471 | ▲ 12× |
| Amounts payable within one year42/48 | €3,671 | €5,203 | €10,530 | €4,188 | €513 | €1,530 | €82 | €198 | €2,471 | ▲ 12× |
| Trade debts44 | €3,249 | €496 | €1,861 | €3,982 | €497 | €1,530 | €82 | - | - | - |
| Suppliers440/4 | - | - | - | €3,982 | €497 | €1,530 | €82 | - | - | - |
| Taxes, remuneration and social security45 | - | - | - | €206 | €16 | - | - | €198 | - | - |
| Taxes450/3 | - | - | - | €206 | €16 | - | - | €198 | - | - |
| Other amounts payable47/48 | - | - | - | - | - | - | - | - | €2,471 | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€17,851 | -€8,816 | €2,208 | -€20,215 | -€26,392 | -€33,302 | -€37,646 | -€14,738 | €2,345 | - |
| + Depreciation and write-downs630 | €20,177 | €17,209 | €18,693 | €18,693 | €18,693 | €18,693 | €18,703 | - | - | - |
| Operating cash flow (approximation) | €2,326 | €8,393 | €20,902 | -€1,522 | -€7,699 | -€14,609 | -€18,943 | -€14,738 | €2,345 | - |
| Investment in fixed assets (approximation) | - | €0 | €45 | €0 | €0 | €0 | - | - | €0 | - |
| Change in cash | - | €10,984 | €26,522 | -€13,401 | -€5,673 | €11,498 | -€19,416 | -€12,371 | €602 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Latest 10 of 35 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 23-03-2026 | micro format | 30-03-2026 | 2026-00068929 | |
| 31-12-2025 | micro format | 26-02-2026 | 2026-00044317 | |
| 31-12-2024 | micro format | 29-08-2025 | 2025-00467381 | |
| 31-12-2023 | micro format | 30-08-2024 | 2024-00440986 | |
| 31-12-2022 | micro format | 25-08-2023 | 2023-00430908 | |
| 31-12-2021 | micro format | 29-08-2022 | 2022-20401340 | |
| 31-12-2020 | micro format | 02-08-2021 | 2021-45600455 | |
| 31-12-2019 | micro format | 24-09-2020 | 2020-55900092 | |
| 31-12-2018 | micro format | 27-08-2019 | 2019-53900180 | |
| 31-12-2017 | micro format | 27-09-2018 | 2018-66500282 |