Result
The result fell in 2026 from €857,900 to €572,010.
The result fell in 2026 from €857,900 to €572,010.
The accounts state no turnover.
Of this, €991,258 falls due within a year.
Green is investment, beige is depreciation.
Between 2022 and 2026, 62% of the full-time equivalents disappeared.
Short-term debts fell from €2.1m to €991,258.
The dashed line is the sector median: 0.1% across 932 companies (NACE 72, micro).
About 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
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 72, micro). It does better than 30% of them on solvency, 35% on liquidity, 40% on profitability and 75% on growth.
The bankruptcy probability was computed on 09-11-2026 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 31-03-2026.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% 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).
Liquidity is ample, with a current ratio of 2.86 (1.57 in 2025), above the usual 1.5. Short-term debt is 7.8% and cash 1.1% of total assets. However, 75.7% of the assets are financed with debt and provisions.
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
The company filed its last 7 accounts on average 12 days before the deadline. In the sector (NACE 72), the median for financial year 2024 was 13 days before the deadline, and 32% of those companies filed late.
| Company | ||||
|---|---|---|---|---|
| aeco Raeren | €12.7m | €1.4m | 24.3% | 2.8 |
| ORS EUROPE EN ORGAN RECOVERY SYSTEMS Machelen (Brab.) | €8.7m | €3.0m | 40.1% | 5.1 |
| EUMETNET Uccle | €10.2m | €1.7m | - | 7.3 |
| BIPA Londerzeel | €3.3m | €1.2m | -448.1% | 3 |
| DOKTER DEROUS Tielt | €4.1m | €0.4m | 60.3% | 3.9 |
| WIELANDTS ULTRA PRECISION MACHINING TECHNOLOGIES Seraing | €8.5m | €2.7m | 69.3% | 7.9 |
| PÔLE MECA TECH Namur | €7.4m | €1.0m | 22.8% | 10.2 |
These companies have the same main activity as aeco: other research and development on natural sciences (NACE 72109). They are comparable in size and age: total assets between €3.3m and €10m, founded between 1997 and 2013.
aeco has existed since 2001. In 2010 the gross margin rose from €178,767 to €674,415.
Solvency rose in 2026 from 18.8% to 24.3% because of the retained profit and lower debts.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
The turnover shown is an estimate from the gross margin.
Turnover ≈ €2.5m. Estimated: probably between €1.7m and €4.1m.
Higher than 25% of 240 companies in 2025.
Higher than 35% of 232 companies in 2025.
Higher than 74% of 236 companies in 2025.
Staff costs divided by the average number of full-time equivalents.
| Line | Trend | 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 worked1013 |
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 | |||||||||||||||||||||
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.
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-03-2026 | full format | 01-10-2026 | 2026-00543823 | |
| 31-03-2025 | full format | 19-09-2025 | 2025-00497718 | |
| 31-03-2024 | full format | 28-09-2024 | 2024-00481938 | |
| 31-03-2023 | full format | 31-10-2023 | 2023-00500716 | |
| 31-03-2022 | full format | 18-10-2022 | 2022-20465255 | |
| 31-03-2021 | full format | 03-11-2021 | 2021-76700240 | |
| 31-03-2020 | full format | 30-11-2020 | 2020-73000059 | |
| 31-03-2019 | full format | 28-09-2019 | 2019-67200426 | |
| 31-03-2018 | full format | 25-10-2018 | 2018-69800453 | |
| 31-03-2017 | full format | 25-09-2017 | 2017-62000065 | |
| 31-03-2016 | full format | 08-11-2016 | 2016-67500131 | |
| 31-03-2015 | full format | 29-09-2015 | 2015-60500085 | |
| 31-03-2014 | full format | 26-09-2014 | 2014-59900047 | |
| 31-03-2013 | full format | 22-10-2013 | 2013-63400143 | |
| 31-03-2012 | full format | 30-11-2012 | 2012-64900283 | |
| 31-03-2011 | full format | 20-11-2011 | 2011-61100396 | |
| 31-03-2010 | full format | 04-11-2010 | 2010-59600149 | |
| 31-03-2009 | full format | 19-11-2009 | 2009-85800059 | |
| 31-03-2008 | full format | 15-10-2008 | 2008-78700046 | |
| 31-03-2007 | full format | 27-09-2007 | 2007-75700088 | |
| 31-03-2006 | full format | 22-09-2006 | 2006-79400354 | |
| 31-03-2005 | full format | 03-10-2005 | 2005-81002167 | |
| 31-03-2004 | full format | 21-09-2004 | 2004-65703990 | |
| 31-03-2003 | full format | 04-11-2003 | 2003-78004476 | |
| 31-03-2002 | full format | 19-09-2002 | 2002-57204564 |
| Line | Trend | 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.
| 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
| 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)
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.
Source: lists of holdings in the owners' accounts
Source: list of holdings in its own 31-03-2015 accounts. Every holding stands with its own latest accounts.
The board mandates are listed under Board mandates elsewhere. The network lets you explore the same ties.
Deadline for the 2027 accounts: 31-10-2027
Financial milestones sit on the financial year-end date, not the filing date.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
| Establishment | Since | Unit number |
|---|---|---|
| Breite Wege 1 registered office 4730 Raeren 35150 Electricity, gas, steam and air conditioning supply | 30-01-2001 | 2.100.060.886 |
| Château (Chevetogne) 0 5590 Ciney 35110 Production of electricity from non-renewable sources | 24-07-2002 | 2.100.060.787 |
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