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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

Overview

Lifetime

20 annual accounts with figures on one time axis, 25 filings since 2002
peak €2.2m (2023)
€1.4m▲ 23.7%
lowest -€1.7m (2022)
€572,010▼ 33.3%
peak €3.1m (2026)
€3.1m▲ 22.8%
€9.5m▼ 10.3%
peak 7.3 FTE (2022)
2.8 FTEunchanged
Board6 names since 2018
3 directorsGUSSEN Manfred and 2 others
Owners3 names in the annual accounts
  
Documentsfilings and deeds
01-10-202630 days before the deadline
2026financial year
Gross margin from €1.2m to €1.4mResult from €857,900 to €572,010Equity from €2.5m to €3.1mCash from €240,632 to €133,612

Key points

from the 2026 annual accounts

Result

€572,010 ▼ 33.3%
€858,0002025€572,0002026

The result fell in 2026 from €857,900 to €572,010.

Turnover

≈ €2.5m estimated

The accounts state no turnover.

Debts

€9.5m 75% of the balance sheet
Financial debts 92%Suppliers 1%Taxes and wages 1%Other 7%

Of this, €991,258 falls due within a year.

Investments

€12,595 0.1 × depreciation
20222023202420252026

Green is investment, beige is depreciation.

Staff

2.8 FTE from 7.3 in 2022

Between 2022 and 2026, 62% of the full-time equivalents disappeared.

Liquidity

2.86 was 1.57 in 2025

Short-term debts fell from €2.1m to €991,258.

Checked score

90
Excellent
Financially stronger than 45% of micro companies in research and development (NACE 72)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.1% Very low
0%0.5%1.5%4%10%≥ 25%

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).

Last 24 months 12-2024: 0.2% 01-2025: 0.2%● unchanged vs 12-2024 02-2025: 0.2%● unchanged vs 01-2025 03-2025: 0.2%● unchanged vs 02-2025 04-2025: 0.2%● unchanged vs 03-2025 05-2025: 0.2%● unchanged vs 04-2025 06-2025: 0.2%● unchanged vs 05-2025 07-2025: 0.3%▲ +0.1 percentage points vs 06-2025 08-2025: 0.3%● unchanged vs 07-2025 09-2025: 0.3%● unchanged vs 08-2025highest value 10-2025: 0.2%▼ -0.1 percentage points vs 09-2025 11-2025: 0.2%● unchanged vs 10-2025 12-2025: 0.2%● unchanged vs 11-2025 01-2026: 0.2%● unchanged vs 12-2025 02-2026: 0.2%● unchanged vs 01-2026 03-2026: 0.2%● unchanged vs 02-2026 04-2026: 0.2%● unchanged vs 03-2026 05-2026: 0.2%● unchanged vs 04-2026 06-2026: 0.2%● unchanged vs 05-2026 07-2026: 0.3%▲ +0.1 percentage points vs 06-2026 08-2026: 0.3%● unchanged vs 07-2026 09-2026: 0.3%● unchanged vs 08-2026 10-2026: 0.1%▼ -0.2 percentage points vs 09-2026lowest value 11-2026: 0.1%● unchanged vs 10-2026lowest value

Financial strength
Average

49+5equity 24.3% of total assets
51+2short-term debt 7.8% · cash 1.1%
58-3return on assets 4.5%

Score breakdown

raises risk
Liquidity: current ratio 2.86, cash €133,612
lowers risk
Size: 2.8 FTE, total assets €12.7m
Figures for financial year 2026 (filed on 03-10-2026)
Founded in 2001
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 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).

Credit verdict

Credit of up to €270,000 on 30-day terms is acceptable

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.

Credit check for an amount and term of your choice

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.

Signals

Six signals.
lowers riskraises riskneutral
raises risk · Liquidity: current ratio 2.86, cash €133,612
NBB · annual accounts
lowers risk · Size: 2.8 FTE, total assets €12.7m
Companies of this size fail less often. How much that weighs depends on the rest of the company's profile.
NBB · annual accounts
lowers risk · Figures for financial year 2026 (filed on 03-10-2026)
NBB · annual accounts
lowers risk · Founded in 2001
Companies that have existed this long fail less often. How much that weighs depends on the rest of the company's profile.
KBO
lowers risk · Growing equity
Reported equity is higher than in 2024 and did not fall compared with 2025. These amounts do not establish the cause of the change.
NBB · annual accounts 2026
Equity per financial year
1920212223242526
2019 to 2026 · latest year €3.1m
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2026 was due by 31-10-2026 and was filed on 01-10-2026, 30 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2026
30 days early
2025
42 days early
2024
33 days early
2023
on the day
2022
13 days early
2021
3 days late
2020
30 days late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

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.

Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-03-2027 and is due by 31-10-2027. Nothing is late today. The company usually files around 1 October (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven months
Where today falls in the filing period
10-11-2026 today31-03-2027 year end31-10-2027 deadline
neutral · No strike-offs in the KBO publications
That holds for every publication since 2021.
KBO publications

Board and ownership

KP
Managing director
GM
Director
WD
Director
Board & ownership

Recent changes

Registered in the Peppol Directory Reachable for e-invoices through 0208:0473740377
3 directors appointed, 1 resignation Appointments: GUSSEN Manfred, KELLETER Patrick (managing director and chair) and WEBER Dirk · Resignation: ADANT Pierre · General meeting of 10-09-2025 · Gazette deed
Company renamed from ENERGIE 2030 AGENCE to aeco Capital decrease of €1,665,280 to €416,320 · Capital from €2,081,600 to €416,320 · “La recherche,les études,les réalisations,les montages et les services pour des projets dans le domaine du…” (deed in French) · General meeting of 11-01-2024 · Gazette deed
Registered office moved within Raeren New registered office: Breite Wege 1, B-4730 RAEREN · Previous registered office: Pützhag 8, 4730 Raeren · Appointments: ADANT Pierre (chair), GUSSEN Manfred, KELLETER Patrick (managing director) and WEBER Dirk · General meeting of 11-09-2019 · Gazette deed
All 41 events

Comparable companies

same main activity, similar in size and age
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.

Official details

Source: KBO
Status
Active since 08-01-2001Normal situation
Activity
Other research and development on natural sciencesNACE 72109and 4 others
Establishment units
2.100.060.8864730 Raeren, since 30-01-2001
2.100.060.7875590 Ciney, since 24-07-2002
Financial year end
31 March
Peppol
Reachable since 01-12-2025
Company details

Annual accounts to 31-03-2026

€1.4m▲ 23.7%
€572,010▼ 33.3%
€3.1m▲ 22.8%
€12.7m▼ 4.8%
Employeeson 31-03-2026
4=
Filing
Filed on 01-10-2026, 30 days before the end of the filing period
Financials

Insights on aeco

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.

Financials

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.

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

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 Trend20262025202420232022202120202019201820172016201520142013201220112010200920082007
Balance sheet: assets
20/58 12.7m13.4m12.9m12.4m12.4m5.3m5.4m4.4m4.0m4.8m5.0m5.0m6.1m6.5m7.0m5.9m4.9m2.2m1.3m598,564
21/28 9.9m10.1m10.2m10.6m8.5m3.1m3.4m1.8m1.7m1.7m1.9m2.2m2.4m2.7m2.9m3.2m3.1m533,494432,229287,033
21 12,83715,93227,58458,43289,87333,82410,0172,40010,35927,91648,45073,78253,35229,913----8341,667
22/27 1.4m1.6m1.7m2.0m2.4m3.1m3.3m1.8m1.7m1.7m1.9m2.1m2.4m2.6m2.9m3.1m3.0m418,494286,396275,366
22 -----253,349249,540256,140262,74026,340----------
23 1.3m1.4m1.6m2.0m2.4m2.8m3.0m1.5m1.5m1.6m1.9m2.1m2.4m2.6m2.9m3.1m3.0m402,111279,768264,790
24 84,093113,24273,56532,79062,76961,18768,07332,0475,2336,8593,9206,49210,53820,76918,78624,80332,88316,3836,62710,576
28 8.5m8.5m8.5m8.5m6.0m3,0008,00023,8333,0003,00017,91530,12729,40826,56822,223100,000100,000115,000145,00010,000
29/58 2.8m3.3m2.7m1.8m3.8m2.2m2.0m2.6m2.3m3.1m3.0m2.8m3.7m3.8m4.1m2.6m1.8m1.6m839,758311,531
3 9,03510,01078,768143,831673,461400,885157,008165,819465,002233,792420,607283,082229,728883,859663,179110,523110,523---
30/36 9,03510,01078,768143,831673,461400,885157,008165,819465,002233,792420,607283,082229,728883,859663,179110,523110,523---
40/41 2.6m3.0m1.7m1.1m2.4m1.3m1.4m1.3m1.3m1.8m2.0m2.2m3.0m2.7m3.0m2.4m1.7m1.5m525,460203,302
40 271,036679,768424,9111.0m2.3m1.2m1.1m808,338465,305636,508579,241535,256995,798431,704515,030371,168278,762603,581263,695203,096
41 2.4m2.3m1.2m89,825124,146106,536347,085537,201809,3541.2m1.4m1.7m2.0m2.3m2.4m2.1m1.4m886,964261,765205
54/58 133,612240,632877,015528,109659,219393,640379,6041.0m489,5901.1m554,636278,751460,473210,322418,83784,44045,561124,760308,518104,717
490/1 68,81664,62768,00356,64285,33954,84360,50945,97042,23427,38833,37421,51524,5949,9746,3444,9994,2854,9895,7803,513
Balance sheet: equity and liabilities
10/49 12.7m13.4m12.9m12.4m12.4m5.3m5.4m4.4m4.0m4.8m5.0m5.0m6.1m6.5m7.0m5.9m4.9m2.2m1.3m598,564
10/15 3.1m2.5m1.7m2.8m1.2m2.9m2.8m2.6m2.6m2.6m2.6m2.5m2.6m2.6m2.3m1.2m609,967332,946312,398293,352
10/11 416,320416,320416,3202.1m2.1m2.1m2.1m2.1m2.1m2.1m2.1m2.1m2.1m2.1m2.1m1.0m520,400260,200260,200260,200
10 416,320416,320416,3202.1m2.1m---------------
100 416,320416,320416,3202.1m2.1m-2.1m2.1m2.1m2.1m2.1m2.1m2.1m2.1m2.1m1.0m520,400260,200260,200260,200
13 208,160208,160208,160208,160208,160208,160208,160208,160208,160208,160208,160184,080184,080104,080104,080104,08052,0407,6536,6195,643
130/1 208,160208,160208,160208,160208,160208,160--------------
130 208,160208,160208,160208,160208,160-208,160208,160208,160208,160208,160184,080184,080104,080104,080104,08052,0407,6536,6195,643
1311 -----208,160--------------
14 2.5m1.9m1.0m482,157-1.1m543,494362,513168,041126,53646,58069,683-107,677571-2,489-101,11456,44637,41264,92345,28426,736
15 ---34,87370,010105,147140,283175,420210,557245,693280,830315,967351,103386,240219,26660115170295772
16 130,500254,250317,250344,211479,558504,405542,502560,599578,695596,792614,889664,986683,083701,180599,955358,781254,30988152398
160/5 130,500254,250317,250326,250443,500450,250470,250470,250470,250470,250470,250502,250502,250502,250487,000358,750254,250---
164/5 130,500254,250317,250326,250443,500450,250470,250470,250470,250470,250----------
168 ---17,96136,05854,15572,25290,349108,445126,542144,639162,736180,833198,930112,955315988152398
17/49 9.5m10.6m10.9m9.3m10.6m1.8m2.0m1.2m814,2081.7m1.7m1.9m2.8m3.2m4.1m4.3m4.1m1.8m959,437304,815
17 8.5m8.5m8.5m8.5m7.0m---------------
170/4 8.5m8.5m8.5m8.5m7.0m---------------
42/48 991,2582.1m2.4m775,9433.6m1.8m2.0m1.2m814,2081.7m1.7m1.9m2.8m3.2m4.1m4.3m4.1m1.8m959,437304,815
43 200,000250,000500,000500,0001.5m1.0m1.5m400,000400,0001.1m1.2m1.5m2.3m2.8m2.8m1.8m480,000454,000454,000-
430/8 ----1.5m1.0m1.5m400,000400,0001.1m1.2m1.5m2.3m2.8m2.8m1.8m480,000454,000454,000-
439 200,000250,000500,000500,000----------------
44 63,778102,367114,860164,9962.0m745,709443,024735,332363,207290,030479,859346,342347,880363,666738,1561.4m3.1m363,74325,130267,402
440/4 63,778102,367114,860164,9962.0m745,709443,024735,332363,207290,030479,859346,342347,880363,666738,1561.4m3.1m363,74325,130267,402
46 --------------501,423549,390511,293---
45 69,881159,421256,797104,234107,85196,37284,01672,56547,890139,40534,11445,053157,10535,31327,06336,55312,4184,18330,30734,741
450/3 37,364122,949216,88170,27847,58630,99619,51327,4493,589104,1872,7961,438118,425-319,6534,795-21,54028,891
454/9 32,51736,47239,91633,95560,26565,37764,50245,11644,30135,21831,31743,61538,68035,31327,06016,9007,6234,1838,7675,850
47/48 657,5991.6m1.6m6,7149,0567,32810,2047,5253,111146,5131,5511,3351,3681,426315570,832832986,344450,0002,672
492/3 -------------27,123-8812,485--
Income statement
76A 135,621-64,64821,87516,651---500------6,198---3,156
9900 1.4m1.2m1.2m2.2m-552,3671.0m1.1m773,543791,736875,159684,191571,139742,793689,400500,410654,321674,415178,767100,070146,716
62 264,010301,757322,876316,580513,073477,844451,175379,346362,604292,897252,167344,571305,086296,081212,316114,51667,985102,77651,64544,104
630 210,849242,040429,977438,351429,834431,102419,156295,441321,697288,308276,425291,925284,640284,991284,236275,254272,42947,22330,80235,010
631/4 -2,449-219,346-49,705252,143207,584-1,446-7,38437,266-7,723105,280----------
635/8 -123,750-63,000-9,000-117,250-6,750-20,000-----26,848--15,250128,250104,500254,250---
640/8 17,56022,22531,55129,12735,7704,01613,42455,49735,5884,361-4,30715,8881,4496,5941,1462,3213653522,257
66A --99,315----------------1,332
9901 1.1m881,308361,0911.3m-1.7m154,841174,2095,99279,571184,314182,447-69,664137,17991,630-130,986158,90577,43028,40217,27165,345
75/76B 1,893542,381554,937572,477183,452120,94948,95942,60545,48648,29448,62143,96042,10897,70082,6231,5182,3725,1323,5283,995
75 1,893542,381554,937572,477183,452120,94948,95942,60545,48648,29448,62143,96042,10897,70082,6231,5182,3725,1323,5283,995
65/66B 319,771271,537277,653327,987123,132112,55446,42025,02138,15547,42147,172101,087114,272135,677137,69775,71857,65812,4651,522299
65 319,771271,537277,653327,987123,132112,55446,42025,02138,15547,42147,172101,087114,272135,677137,69775,71857,65812,4651,522299
9903 757,2621.2m638,3761.6m-1.7m163,235176,74823,57786,902185,186183,896-126,79165,01653,653-186,06090,90522,14421,06919,27870,864
780 --17,96118,09718,097---------------
67/77 185,252294,252109,10438137335137316925,04318,227553-44652-837-21619,8315,268461-38
9904 572,010857,900547,2331.6m-1.7m180,980194,47241,50579,956185,056201,440-108,24883,06098,625-157,56071,07416,87620,67319,52471,402
9905 572,010857,900547,2331.6m-1.7m180,980194,47241,50579,956185,056201,440-108,24883,06098,625-157,56071,07416,87620,67319,52471,402
Appropriation of the result
9906 2.5m1.9m1.0m482,157-1.1m543,494362,513168,041126,536254,74093,763-107,67780,571-2,489-101,114108,48681,79965,95646,26030,306
14P 1.9m1.0m482,157-1.1m543,494---------------
691/2 ----------24,080-80,000--52,04044,3871,0349763,570
6920 ----------24,080-80,000--52,04044,3871,0349763,570
694/7 ---------208,160----------
694 ---------208,160----------
Social balance sheet
9087 2.82.82.93.37.36.86.25.25.34.64.55.644.93.82.21.11.41.31.3
Hours worked1013 4,1294,9084,7195,51112,37211,27310,2098,4819,1317,3106,6579,3726,9078,3946,6443,9172,0292,4622,0292,245
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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
Line Trend20262025202420232022202120202019201820172016201520142013201220112010200920082007
1.3m1.1m791,0681.8m-1.3m585,943593,366301,434401,269472,621458,872222,261421,819376,621153,250434,159349,85975,62648,073100,354
782,8591.1m977,2102.0m-1.2m612,083613,628336,946401,654473,364477,865183,677367,700383,616126,676346,327289,30567,89650,325106,412
12,65279,35465,8742.5m6.1m193,5492.0m376,506380,77166,21716,21961,44059,73365,19551,807392,2222.9m178,488185,999295,610
-107,020-636,383348,906-131,110265,57914,037-642,975532,989-607,205542,159275,885-181,721250,151-208,515334,39738,879-79,199-183,758203,801-
1.8m1.2m238,4511.1m194,485332,973-17,3271.4m1.5m1.5m1.3m925,335856,331597,914-15,828-1.7m-2.2m-187,976-119,6796,717
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%
2.861.571.102.361.051.180.992.122.791.901.781.491.301.191.000.610.450.900.881.02
2.851.571.072.170.870.960.911.992.221.761.541.341.220.910.830.590.420.900.881.02
3.084.216.623.308.510.630.730.460.310.640.640.761.081.261.773.586.675.473.071.04
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%
4.024.142.855.39-10.57---------------

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

Item31-03-202631-03-202531-03-202431-03-202331-03-2022
Employees at the balance-sheet date44448
full-time22325
part-time22123
in full-time equivalents2.82.83.12.96.6
2.82.82.93.37.3
On a permanent contract44337
Joined-1647
Left-1688

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

Investments

fixed assets acquired
Item31-03-202631-03-202531-03-202431-03-202331-03-2022
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.

Board & ownership

Board

3 directors, 1 in day-to-day management, last change in 2025
Managing director and chair
managing director and chair since 10-09-2025 managing director and chair appointed by deed of 20-11-2019 term until 10-09-2031
listed in the 2026 annual accounts, filed on 01-10-2026
Director
current term since 10-09-2025 term until 10-09-2031
listed in the 2026 annual accounts, filed on 01-10-2026
Director
current term since 10-09-2025 term until 10-09-2031
listed in the 2026 annual accounts, filed on 01-10-2026
KELLETER Patrick

Office holders in the KBO →

Mandates through the years

6 names, the dashed line is today
KELLETER Patrick
Managing director and chair, Managing director
WEBER Dirk
Director
ADANT Pierre
Director
Sabine BRANDT
Director (executive)
LeadershipBoardEarlierRest of the termmandate already running before its first mentionend not dated
Mandates as a list
  • GUSSEN Manfred
    • Director, appointed by deed of 20-11-2019, still in office
  • KELLETER Patrick
    • Managing director and chair, from 11-09-2019 to date
    • Managing director, appointed by deed of 20-11-2019, still in office
  • WEBER Dirk
    • Director, appointed by deed of 20-11-2019, still in office
  • ADANT Pierre
    • Chair, appointed by deed of 20-11-2019, ended, last mentioned on 20-11-2019
    • Director, from 11-09-2019 to 05-11-2025
  • PFLEIDERER Klaus
    • Board, until 20-11-2019
  • Sabine BRANDT
    • Director (executive), appointed by deed of 06-03-2019, last mentioned in 2019

See the board, name and registered office on a given date →

Control

Shareholder
Equity €10.6m
Profit €433,201 in 2025 (profit €1.0m in 2024)
Checked score 94
16%
This company
aeco
Equity €3.1m
Profit €572,010 in 2026

and 1 other shareholder

Capital

Capital
€416,320
Source
deed of 31-01-2024

Owners through the years

as the annual accounts name them
listed until 2023
listed until 2021
Owners as a list

Source: lists of holdings in the owners' accounts

Articles of association

deed of 31-01-2024 (in French)
DurationMost companies exist for an unlimited period, until they are dissolved.
Unlimited

Shareholders

2 owners

Owners 2

Network & group

Holdings

own accounts to 31-03-2015, the bar shows equity in euros
This companyaeco1 holding, 1 country accounts to 31-03-2015

Belgium 1 Equity Result

Source: list of holdings in its own 31-03-2015 accounts. Every holding stands with its own latest accounts.

Holdings through the years

2008 to 2015

Source: list of holdings in its own accounts

Board mandates elsewhere

1 board mandate
Board mandates of aecoaeco sits on their board1
Director
Founded in 2017 · total assets €22.0m (2025) · group Renner Energies

Connections & network

3 current directors
Depth

The board mandates are listed under Board mandates elsewhere. The network lets you explore the same ties.

This company Company Director Shareholding +N: links not shown yet Click a node to look further, drag to arrange, zoom with the mouse wheel.

Timeline

Timeline

41 events since 2001

Deadline for the 2027 accounts: 31-10-2027

2026
Annual accounts 2026 filed NBBfull format · 30 days before the deadline
2025
Registered in the Peppol Directory Reachable for e-invoices through 0208:0473740377
3 directors appointed, 1 resignationAppointments: GUSSEN Manfred, KELLETER Patrick (managing director and chair) and WEBER Dirk · Resignation: ADANT Pierre · General meeting of 10-09-20255 points ▸

Open the deed in the Belgian Official Gazette

Annual accounts 2025 filed PDFfull format · 42 days before the deadline
2024
Annual accounts 2024 filed PDFfull format · 33 days before the deadline
Company renamed from ENERGIE 2030 AGENCE to aecoCapital decrease of €1,665,280 to €416,320 · Capital from €2,081,600 to €416,320 · “La recherche,les études,les réalisations,les montages et les services pour des projets dans le domaine du…” (deed in French) · General meeting of 11-01-20246 points ▸
  • General meeting, 11-01-2024
  • Name change, aeco
  • Purpose change, “La recherche,les études,les réalisations,les montages et les services pour des projets dans le domaine du développement durable ("nachhaltige Entwicklung"),de…” (deed in French)
  • Capital decrease, €1,665,280
  • Capital, €416,320, 2,081,600 shares
  • Registered office clause, Breite Wege 1, 4730 Raeren
  • The deed holds 3 more points.

Open the deed in the Belgian Official Gazette

2023
Annual accounts 2023 filed PDFfull format · on the deadline day
Back to profit net €1.6m The net result is €1.6m, after one loss-making year.
Liquidity more than doubled current ratio 2.36 The current ratio rises from 1.05 to 2.36. Short-term debt falls from €3.6m to €775,943.
2022
Annual accounts 2022 filed PDFfull format · 13 days before the deadline
Weakest financial year net -€1.7m The net result drops to -€1.7m, the lowest from 2007 to 2026. It recovers the following year.
2021
Annual accounts 2021 filed PDFfull format · 3 days late
2020
Annual accounts 2020 filed PDFfull format · 30 days late
2019
Registered office moved within RaerenNew registered office: Breite Wege 1, B-4730 RAEREN · Previous registered office: Pützhag 8, 4730 Raeren · Appointments: ADANT Pierre (chair), GUSSEN Manfred, KELLETER Patrick (managing director) and WEBER Dirk · General meeting of 11-09-20198 points ▸

Open the deed in the Belgian Official Gazette

Annual accounts 2019 filed PDFfull format · 33 days before the deadline
Appointment: Sabine BRANDT (director)Board meeting of 08-10-20182 points ▸
  • Board meeting, 08-10-2018
  • Director appointment, Sabine BRANDT (director (executive))

Open the deed in the Belgian Official Gazette

2018
Annual accounts 2018 filed PDFfull format · 6 days before the deadline
2017
Annual accounts 2017 filed PDFfull format · 36 days before the deadline
2016
Annual accounts 2016 filed PDFfull format · 8 days late
Back to profit net €201,440 The net result is €201,440, after one loss-making year.
2015
Annual accounts 2015 filed PDFfull format · 32 days before the deadline
2014
Annual accounts 2014 filed PDFfull format · 35 days before the deadline
2013
Annual accounts 2013 filed PDFfull format · 9 days before the deadline
Back to profit net €98,625 The net result is €98,625, after one loss-making year.
2012
Annual accounts 2012 filed PDFfull format · 30 days late
Equity above €2m equity €2.3m ▲91.8% Equity rises from €1.2m to €2.3m.
2011
Annual accounts 2011 filed PDFfull format · 20 days late
Equity above €1m equity €1.2m ▲97% With a profit in every financial year since 2007, equity grows to €1.2m.
2010
Annual accounts 2010 filed PDFfull format · 4 days late
Equity above €500,000 equity €609,967 ▲83.2% With a profit in every financial year since 2007, equity grows to €609,967.
2009
Annual accounts 2009 filed PDFfull format · 19 days late
2008
Annual accounts 2008 filed PDFfull format · 16 days before the deadline
2007
Annual accounts 2007 filed PDFfull format · 34 days before the deadline
2006
Annual accounts 2006 filed PDFfull format · 39 days before the deadline
2005
Annual accounts 2005 filed PDFfull format
2004
Annual accounts 2004 filed PDFfull format
2003
Annual accounts 2003 filed PDFfull format
2002
Annual accounts 2002 filed PDFfull format
New establishment in Ciney Château (Chevetogne) 0
2001
First establishment Breite Wege 1, Raeren
Incorporation published on 18-01-2001

Financial milestones sit on the financial year-end date, not the filing date.

Sources: Publications in the Belgian Official GazetteFilings with the National Bank

History

On 8 January 2001, aeco was incorporated.1 In 2019 the registered office moved to Raeren.2 The name was changed to aeco in 2024.3 Total assets went from €4.4m in 2019 to €12.7m in 2026 and headcount from 5.2 to 2.8 full-time equivalents.4

  1. 1KBO register
  2. 2Belgian Official Gazette, 20-11-2019
  3. 3Belgian Official Gazette, 31-01-2024
  4. 4National Bank, annual accounts 2019 and 2026

Company details

Identity

Enterprise number
0473.740.377
VAT number
BE 0473.740.377
Peppol ID
0208:0473740377
Legal form
Public limited company
Status
Active, normal situation
Founded
08-01-2001
Financial year
ends on 31 March
Peppol
Reachable since 01-12-2025Follow this company and you will hear the next morning if it leaves the Peppol register.
Name
aeco in German
Former name
ENERGIE 2030 AGENCE until the deed of 31-01-2024
Entity type
Legal entity
DurationMost companies exist for an unlimited period, until they are dissolved.
Unlimited
deed of 31-01-2024 (in French)

Activities

NACEBEL 2025
VAT activities
Social security (RSZ) activities
Codes under NACEBEL 2008
VAT activities
72190 Scientific research and development main activity
35110 Electricity, gas, steam and air conditioning supply
35140 Electricity, gas, steam and air conditioning supply
35230 Electricity, gas, steam and air conditioning supply
Social security (RSZ) activities
71121 Engineering activities main activity
Codes under NACEBEL 2003
VAT activities
73100 main activity
40110
Social security (RSZ) activities
74203 main activity
PurposeThe purpose describes the activities the company may carry out under its articles.
“La recherche,les études,les réalisations,les montages et les services pour des projets dans le domaine du développement durable…”
13 activities
  1. La recherche,les études,les réalisations,les montages et les services pour des projets dans le domaine du développement durable ("nachhaltige Entwicklung"),de même que l'importation,l'exportation,l'achat et la vente de tous produits liés au développement durable.
  2. La mise en présence,à travers une plateforme internet,d'une part,de sociétés et/ou entrepreneurs désireux d'emprunter des fonds destinés à financer leur activité,et d'autre part,de personnes désireuses de réaliser un investissement.
  3. L'analyse et la sélection des entreprises en recherche de financement afin de les présenter à des investisseurs via un site web de financement participatif;
  4. La gestion de et l'assistance à toute société ou entreprise liée ou avec laquelle il existe un lien de participation
  5. La cession et la gestion pour compte propre de toute participation,intérêt,prêt ou toute autre forme d'intervention financière;
  6. La promotion des énergies renouvelables et du développement durable;
  7. Le développement de projets de production d'énergie renouvelable;
  8. La gestion de la production d'énergie verte;
  9. La prise de participation au sein d'unités de production existantes ou en projet.
  10. Elle peut notamment se porter caution et donner toute sûreté personnelle ou réelle en faveur de toute personne ou société liée ou non.
  11. Elle peut accomplir toutes opérations commerciales,industrielles,financières,mobilières ou immobilières se rapportant directement ou indirectement à son objet.
  12. Elle peut s'intéresser par toutes voies de droit dans toutes sociétés,associations ou entreprises ayant un objet similaire ou connexe au sien ou susceptible de favoriser son développement.
  13. Un des buts de la Société est d'avoir un impact positif significatif sur la société et l'environnement,au travers de ses activités opérationnelles et commerciales.
deed of 31-01-2024 (in French)

Registered office and establishments

2 establishments
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