aeco

Active Public limited companyfounded 2001active for 25 yearsBreite Wege 1, 4730 RaerenKBO/BCE: BE 0473.740.377 #3 company by total assets in Raeren, Professional and technical services sector

aeco

Financial year 2026

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Annual accounts 2026

full format, filed on 01-10-2026, 30 days before the deadline

€1.4m

▲ 23.7%

€1.1m

▲ 22.0%

€572,010

▼ 33.3%

€1.8m

▲ 54.0%

24.3%

▲ 5.5 percentage points

2.86

▲ 1.29

The turnover shown is an estimate from the gross margin.

Turnover ≈ €2.5m. Estimated: probably between €1.7m and €4.1m.

In the rankings #3 company by total assets in Raeren, Professional and technical services sector #3 company by equity in Raeren, Professional and technical services sector #9 oldest company in Raeren, Professional and technical services sector

Balance sheet

balance sheet total €12.7m on 31-03-2026

What the company ownsHow it is paid for

in €m

in euro

Position in the sector

Compare with sector

24.3%

Higher than 25% of 240 companies in 2025.

2.86

Higher than 35% of 232 companies in 2025.

4.5%

Higher than 74% of 236 companies in 2025.

aeco Middle half of the sector 80% of the sector Full accounts in research and development (NACE 72)

Staff

€94,289

Staff costs divided by the average number of full-time equivalents.

people who joined people who left

Staff figure correction

2023 The accounts state 303 FTE. That amounts to ten times the staff at the balance sheet date, at low staff costs. The figure shown is 3.3 FTE (source: average staff, item 9087).

Filed annual accounts

as filed with the National Bank, click a year to choose it

Line	2026	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007
Balance sheet: assets
`20/58`	12.7m	13.4m	12.9m	12.4m	12.4m	5.3m	5.4m	4.4m	4.0m	4.8m	5.0m	5.0m	6.1m	6.5m	7.0m	5.9m	4.9m	2.2m	1.3m	598,564
`21/28`	9.9m	10.1m	10.2m	10.6m	8.5m	3.1m	3.4m	1.8m	1.7m	1.7m	1.9m	2.2m	2.4m	2.7m	2.9m	3.2m	3.1m	533,494	432,229	287,033
`21`	12,837	15,932	27,584	58,432	89,873	33,824	10,017	2,400	10,359	27,916	48,450	73,782	53,352	29,913	-	-	-	-	834	1,667
`22/27`	1.4m	1.6m	1.7m	2.0m	2.4m	3.1m	3.3m	1.8m	1.7m	1.7m	1.9m	2.1m	2.4m	2.6m	2.9m	3.1m	3.0m	418,494	286,396	275,366
`22`	-	-	-	-	-	253,349	249,540	256,140	262,740	26,340	-	-	-	-	-	-	-	-	-	-
`23`	1.3m	1.4m	1.6m	2.0m	2.4m	2.8m	3.0m	1.5m	1.5m	1.6m	1.9m	2.1m	2.4m	2.6m	2.9m	3.1m	3.0m	402,111	279,768	264,790
`24`	84,093	113,242	73,565	32,790	62,769	61,187	68,073	32,047	5,233	6,859	3,920	6,492	10,538	20,769	18,786	24,803	32,883	16,383	6,627	10,576
`28`	8.5m	8.5m	8.5m	8.5m	6.0m	3,000	8,000	23,833	3,000	3,000	17,915	30,127	29,408	26,568	22,223	100,000	100,000	115,000	145,000	10,000
`29/58`	2.8m	3.3m	2.7m	1.8m	3.8m	2.2m	2.0m	2.6m	2.3m	3.1m	3.0m	2.8m	3.7m	3.8m	4.1m	2.6m	1.8m	1.6m	839,758	311,531
`3`	9,035	10,010	78,768	143,831	673,461	400,885	157,008	165,819	465,002	233,792	420,607	283,082	229,728	883,859	663,179	110,523	110,523	-	-	-
`30/36`	9,035	10,010	78,768	143,831	673,461	400,885	157,008	165,819	465,002	233,792	420,607	283,082	229,728	883,859	663,179	110,523	110,523	-	-	-
`40/41`	2.6m	3.0m	1.7m	1.1m	2.4m	1.3m	1.4m	1.3m	1.3m	1.8m	2.0m	2.2m	3.0m	2.7m	3.0m	2.4m	1.7m	1.5m	525,460	203,302
`40`	271,036	679,768	424,911	1.0m	2.3m	1.2m	1.1m	808,338	465,305	636,508	579,241	535,256	995,798	431,704	515,030	371,168	278,762	603,581	263,695	203,096
`41`	2.4m	2.3m	1.2m	89,825	124,146	106,536	347,085	537,201	809,354	1.2m	1.4m	1.7m	2.0m	2.3m	2.4m	2.1m	1.4m	886,964	261,765	205
`54/58`	133,612	240,632	877,015	528,109	659,219	393,640	379,604	1.0m	489,590	1.1m	554,636	278,751	460,473	210,322	418,837	84,440	45,561	124,760	308,518	104,717
`490/1`	68,816	64,627	68,003	56,642	85,339	54,843	60,509	45,970	42,234	27,388	33,374	21,515	24,594	9,974	6,344	4,999	4,285	4,989	5,780	3,513
Balance sheet: equity and liabilities
`10/49`	12.7m	13.4m	12.9m	12.4m	12.4m	5.3m	5.4m	4.4m	4.0m	4.8m	5.0m	5.0m	6.1m	6.5m	7.0m	5.9m	4.9m	2.2m	1.3m	598,564
`10/15`	3.1m	2.5m	1.7m	2.8m	1.2m	2.9m	2.8m	2.6m	2.6m	2.6m	2.6m	2.5m	2.6m	2.6m	2.3m	1.2m	609,967	332,946	312,398	293,352
`10/11`	416,320	416,320	416,320	2.1m	2.1m	2.1m	2.1m	2.1m	2.1m	2.1m	2.1m	2.1m	2.1m	2.1m	2.1m	1.0m	520,400	260,200	260,200	260,200
`10`	416,320	416,320	416,320	2.1m	2.1m	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
`100`	416,320	416,320	416,320	2.1m	2.1m	-	2.1m	2.1m	2.1m	2.1m	2.1m	2.1m	2.1m	2.1m	2.1m	1.0m	520,400	260,200	260,200	260,200
`13`	208,160	208,160	208,160	208,160	208,160	208,160	208,160	208,160	208,160	208,160	208,160	184,080	184,080	104,080	104,080	104,080	52,040	7,653	6,619	5,643
`130/1`	208,160	208,160	208,160	208,160	208,160	208,160	-	-	-	-	-	-	-	-	-	-	-	-	-	-
`130`	208,160	208,160	208,160	208,160	208,160	-	208,160	208,160	208,160	208,160	208,160	184,080	184,080	104,080	104,080	104,080	52,040	7,653	6,619	5,643
`1311`	-	-	-	-	-	208,160	-	-	-	-	-	-	-	-	-	-	-	-	-	-
`14`	2.5m	1.9m	1.0m	482,157	-1.1m	543,494	362,513	168,041	126,536	46,580	69,683	-107,677	571	-2,489	-101,114	56,446	37,412	64,923	45,284	26,736
`15`	-	-	-	34,873	70,010	105,147	140,283	175,420	210,557	245,693	280,830	315,967	351,103	386,240	219,266	60	115	170	295	772
`16`	130,500	254,250	317,250	344,211	479,558	504,405	542,502	560,599	578,695	596,792	614,889	664,986	683,083	701,180	599,955	358,781	254,309	88	152	398
`160/5`	130,500	254,250	317,250	326,250	443,500	450,250	470,250	470,250	470,250	470,250	470,250	502,250	502,250	502,250	487,000	358,750	254,250	-	-	-
`164/5`	130,500	254,250	317,250	326,250	443,500	450,250	470,250	470,250	470,250	470,250	-	-	-	-	-	-	-	-	-	-
`168`	-	-	-	17,961	36,058	54,155	72,252	90,349	108,445	126,542	144,639	162,736	180,833	198,930	112,955	31	59	88	152	398
`17/49`	9.5m	10.6m	10.9m	9.3m	10.6m	1.8m	2.0m	1.2m	814,208	1.7m	1.7m	1.9m	2.8m	3.2m	4.1m	4.3m	4.1m	1.8m	959,437	304,815
`17`	8.5m	8.5m	8.5m	8.5m	7.0m	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
`170/4`	8.5m	8.5m	8.5m	8.5m	7.0m	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
`42/48`	991,258	2.1m	2.4m	775,943	3.6m	1.8m	2.0m	1.2m	814,208	1.7m	1.7m	1.9m	2.8m	3.2m	4.1m	4.3m	4.1m	1.8m	959,437	304,815
`43`	200,000	250,000	500,000	500,000	1.5m	1.0m	1.5m	400,000	400,000	1.1m	1.2m	1.5m	2.3m	2.8m	2.8m	1.8m	480,000	454,000	454,000	-
`430/8`	-	-	-	-	1.5m	1.0m	1.5m	400,000	400,000	1.1m	1.2m	1.5m	2.3m	2.8m	2.8m	1.8m	480,000	454,000	454,000	-
`439`	200,000	250,000	500,000	500,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
`44`	63,778	102,367	114,860	164,996	2.0m	745,709	443,024	735,332	363,207	290,030	479,859	346,342	347,880	363,666	738,156	1.4m	3.1m	363,743	25,130	267,402
`440/4`	63,778	102,367	114,860	164,996	2.0m	745,709	443,024	735,332	363,207	290,030	479,859	346,342	347,880	363,666	738,156	1.4m	3.1m	363,743	25,130	267,402
`46`	-	-	-	-	-	-	-	-	-	-	-	-	-	-	501,423	549,390	511,293	-	-	-
`45`	69,881	159,421	256,797	104,234	107,851	96,372	84,016	72,565	47,890	139,405	34,114	45,053	157,105	35,313	27,063	36,553	12,418	4,183	30,307	34,741
`450/3`	37,364	122,949	216,881	70,278	47,586	30,996	19,513	27,449	3,589	104,187	2,796	1,438	118,425	-	3	19,653	4,795	-	21,540	28,891
`454/9`	32,517	36,472	39,916	33,955	60,265	65,377	64,502	45,116	44,301	35,218	31,317	43,615	38,680	35,313	27,060	16,900	7,623	4,183	8,767	5,850
`47/48`	657,599	1.6m	1.6m	6,714	9,056	7,328	10,204	7,525	3,111	146,513	1,551	1,335	1,368	1,426	315	570,832	832	986,344	450,000	2,672
`492/3`	-	-	-	-	-	-	-	-	-	-	-	-	-	27,123	-	8	8	12,485	-	-
Income statement
`76A`	135,621	-	64,648	21,875	16,651	-	-	-	500	-	-	-	-	-	-	6,198	-	-	-	3,156
`9900`	1.4m	1.2m	1.2m	2.2m	-552,367	1.0m	1.1m	773,543	791,736	875,159	684,191	571,139	742,793	689,400	500,410	654,321	674,415	178,767	100,070	146,716
`62`	264,010	301,757	322,876	316,580	513,073	477,844	451,175	379,346	362,604	292,897	252,167	344,571	305,086	296,081	212,316	114,516	67,985	102,776	51,645	44,104
`630`	210,849	242,040	429,977	438,351	429,834	431,102	419,156	295,441	321,697	288,308	276,425	291,925	284,640	284,991	284,236	275,254	272,429	47,223	30,802	35,010
`631/4`	-2,449	-219,346	-49,705	252,143	207,584	-1,446	-7,384	37,266	-7,723	105,280	-	-	-	-	-	-	-	-	-	-
`635/8`	-123,750	-63,000	-9,000	-117,250	-6,750	-20,000	-	-	-	-	-26,848	-	-	15,250	128,250	104,500	254,250	-	-	-
`640/8`	17,560	22,225	31,551	29,127	35,770	4,016	13,424	55,497	35,588	4,361	-	4,307	15,888	1,449	6,594	1,146	2,321	365	352	2,257
`66A`	-	-	99,315	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,332
`9901`	1.1m	881,308	361,091	1.3m	-1.7m	154,841	174,209	5,992	79,571	184,314	182,447	-69,664	137,179	91,630	-130,986	158,905	77,430	28,402	17,271	65,345
`75/76B`	1,893	542,381	554,937	572,477	183,452	120,949	48,959	42,605	45,486	48,294	48,621	43,960	42,108	97,700	82,623	1,518	2,372	5,132	3,528	3,995
`75`	1,893	542,381	554,937	572,477	183,452	120,949	48,959	42,605	45,486	48,294	48,621	43,960	42,108	97,700	82,623	1,518	2,372	5,132	3,528	3,995
`65/66B`	319,771	271,537	277,653	327,987	123,132	112,554	46,420	25,021	38,155	47,421	47,172	101,087	114,272	135,677	137,697	75,718	57,658	12,465	1,522	299
`65`	319,771	271,537	277,653	327,987	123,132	112,554	46,420	25,021	38,155	47,421	47,172	101,087	114,272	135,677	137,697	75,718	57,658	12,465	1,522	299
`9903`	757,262	1.2m	638,376	1.6m	-1.7m	163,235	176,748	23,577	86,902	185,186	183,896	-126,791	65,016	53,653	-186,060	90,905	22,144	21,069	19,278	70,864
`780`	-	-	17,961	18,097	18,097	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
`67/77`	185,252	294,252	109,104	381	373	351	373	169	25,043	18,227	553	-446	52	-837	-216	19,831	5,268	461	-	38
`9904`	572,010	857,900	547,233	1.6m	-1.7m	180,980	194,472	41,505	79,956	185,056	201,440	-108,248	83,060	98,625	-157,560	71,074	16,876	20,673	19,524	71,402
`9905`	572,010	857,900	547,233	1.6m	-1.7m	180,980	194,472	41,505	79,956	185,056	201,440	-108,248	83,060	98,625	-157,560	71,074	16,876	20,673	19,524	71,402
Appropriation of the result
`9906`	2.5m	1.9m	1.0m	482,157	-1.1m	543,494	362,513	168,041	126,536	254,740	93,763	-107,677	80,571	-2,489	-101,114	108,486	81,799	65,956	46,260	30,306
`14P`	1.9m	1.0m	482,157	-1.1m	543,494	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
`691/2`	-	-	-	-	-	-	-	-	-	-	24,080	-	80,000	-	-	52,040	44,387	1,034	976	3,570
`6920`	-	-	-	-	-	-	-	-	-	-	24,080	-	80,000	-	-	52,040	44,387	1,034	976	3,570
`694/7`	-	-	-	-	-	-	-	-	-	208,160	-	-	-	-	-	-	-	-	-	-
`694`	-	-	-	-	-	-	-	-	-	208,160	-	-	-	-	-	-	-	-	-	-
Social balance sheet
`9087`	2.8	2.8	2.9	3.3	7.3	6.8	6.2	5.2	5.3	4.6	4.5	5.6	4	4.9	3.8	2.2	1.1	1.4	1.3	1.3
Hours worked`1013`	4,129	4,908	4,719	5,511	12,372	11,273	10,209	8,481	9,131	7,310	6,657	9,372	6,907	8,394	6,644	3,917	2,029	2,462	2,029	2,245
Document	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF

The accounts for 5 older financial years (2002-2006) were filed as documents without figures as data, scans for example.

The notes to these accounts have 15 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.

Source: Annual accounts 2026 at the NBB, filed on 01-10-2026.

Download as CSV

Filings

each dot is a set of accounts, on the day it reached the National Bank

Financial year	Type	Filed	Reference	Document
31-03-2026	full format	01-10-2026	2026-00543823	PDF
31-03-2025	full format	19-09-2025	2025-00497718	PDF
31-03-2024	full format	28-09-2024	2024-00481938	PDF
31-03-2023	full format	31-10-2023	2023-00500716	PDF
31-03-2022	full format	18-10-2022	2022-20465255	PDF
31-03-2021	full format	03-11-2021	2021-76700240	PDF
31-03-2020	full format	30-11-2020	2020-73000059	PDF
31-03-2019	full format	28-09-2019	2019-67200426	PDF
31-03-2018	full format	25-10-2018	2018-69800453	PDF
31-03-2017	full format	25-09-2017	2017-62000065	PDF
31-03-2016	full format	08-11-2016	2016-67500131	PDF
31-03-2015	full format	29-09-2015	2015-60500085	PDF
31-03-2014	full format	26-09-2014	2014-59900047	PDF
31-03-2013	full format	22-10-2013	2013-63400143	PDF
31-03-2012	full format	30-11-2012	2012-64900283	PDF
31-03-2011	full format	20-11-2011	2011-61100396	PDF
31-03-2010	full format	04-11-2010	2010-59600149	PDF
31-03-2009	full format	19-11-2009	2009-85800059	PDF
31-03-2008	full format	15-10-2008	2008-78700046	PDF
31-03-2007	full format	27-09-2007	2007-75700088	PDF
31-03-2006	full format	22-09-2006	2006-79400354	PDF
31-03-2005	full format	03-10-2005	2005-81002167	PDF
31-03-2004	full format	21-09-2004	2004-65703990	PDF
31-03-2003	full format	04-11-2003	2003-78004476	PDF
31-03-2002	full format	19-09-2002	2002-57204564	PDF

Key figures and ratios

per financial year, computed from the annual accounts

2026	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007
1.3m	1.1m	791,068	1.8m	-1.3m	585,943	593,366	301,434	401,269	472,621	458,872	222,261	421,819	376,621	153,250	434,159	349,859	75,626	48,073	100,354
782,859	1.1m	977,210	2.0m	-1.2m	612,083	613,628	336,946	401,654	473,364	477,865	183,677	367,700	383,616	126,676	346,327	289,305	67,896	50,325	106,412
12,652	79,354	65,874	2.5m	6.1m	193,549	2.0m	376,506	380,771	66,217	16,219	61,440	59,733	65,195	51,807	392,222	2.9m	178,488	185,999	295,610
-107,020	-636,383	348,906	-131,110	265,579	14,037	-642,975	532,989	-607,205	542,159	275,885	-181,721	250,151	-208,515	334,397	38,879	-79,199	-183,758	203,801	-
1.8m	1.2m	238,451	1.1m	194,485	332,973	-17,327	1.4m	1.5m	1.5m	1.3m	925,335	856,331	597,914	-15,828	-1.7m	-2.2m	-187,976	-119,679	6,717
24.3%	18.8%	12.8%	22.6%	10.1%	55.5%	52.0%	59.7%	65.3%	53.4%	53.3%	49.4%	42.7%	39.5%	33.1%	20.5%	12.4%	15.5%	24.6%	49.0%
2.86	1.57	1.10	2.36	1.05	1.18	0.99	2.12	2.79	1.90	1.78	1.49	1.30	1.19	1.00	0.61	0.45	0.90	0.88	1.02
2.85	1.57	1.07	2.17	0.87	0.96	0.91	1.99	2.22	1.76	1.54	1.34	1.22	0.91	0.83	0.59	0.42	0.90	0.88	1.02
3.08	4.21	6.62	3.30	8.51	0.63	0.73	0.46	0.31	0.64	0.64	0.76	1.08	1.26	1.77	3.58	6.67	5.47	3.07	1.04
18.5%	34.2%	33.1%	56.7%	-132.4%	6.2%	7.0%	1.6%	3.0%	7.2%	7.6%	-4.4%	3.2%	3.8%	-6.8%	5.9%	2.8%	6.2%	6.2%	24.3%
4.5%	6.4%	4.2%	12.8%	-13.4%	3.4%	3.6%	0.9%	2.0%	3.8%	4.1%	-2.2%	1.4%	1.5%	-2.3%	1.2%	0.3%	1.0%	1.5%	11.9%
4.02	4.14	2.85	5.39	-10.57	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-

EBIT margin: not included in this filing.

A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.

Social balance sheet

Item	31-03-2026	31-03-2025	31-03-2024	31-03-2023	31-03-2022
Employees at the balance-sheet date	4	4	4	4	8
full-time	2	2	3	2	5
part-time	2	2	1	2	3
in full-time equivalents	2.8	2.8	3.1	2.9	6.6
	2.8	2.8	2.9	3.3	7.3
On a permanent contract	4	4	3	3	7
Joined	-	1	6	4	7
Left	-	1	6	8	8

Source: social balance sheet in the 2022 to 2026 annual accounts

Investments

fixed assets acquired

Item	31-03-2026	31-03-2025	31-03-2024	31-03-2023	31-03-2022
Tangible fixed assets	€6,095	€72,322	€64,874	€622	€27,205
Intangible fixed assets	€6,500	€7,000	-	-	€80,647
Financial fixed assets	€57	€31	€1,000	€2.5m	€6.0m
	€210,849	€242,040	€429,977	€438,351	€429,834

Source: notes to the 2022 to 2026 annual accounts (statement of fixed assets)

Insights on aeco

The operating result for 2026 is 22% higher than in 2025 and the highest since 2023. It is the second rise in a row, after the fall in 2024.

Debt's share of the balance-sheet total falls from 79.3% to 74.7%. Equity is higher and debt is lower.

Next steps

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Annual accounts 2026

Balance sheet

Change in equityin €m

Change in cashin euro

Position in the sector

Solvency24.3%

Current ratio2.86

Return on assets4.5%

Staff

Staff cost per FTE€94,289

Joined and left

Filed annual accounts

Filings

Key figures and ratios

Social balance sheet

Investments

Insights on aeco

Next steps

in €m

in euro

24.3%

2.86

4.5%

€94,289