Summary
AED is a financial institution. The bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €1.4m and a net result of €19,233. Equity has been growing by about 7.4% per year since 2018. Its solvency ranks better than 88% of 6,697 sector peers (NACE 64, financial year 2025). The company has been active since 2014 and the Belgian Official Gazette contains no insolvency or warning signals.
Overview
Overview
Official details
Source: KBO- Status
- Active since 25-11-2014 Normal situation
- Activity
- Activities of holding companies NACE 64210and 1 other
- Establishment unit
- 2.239.207.881 4300 Waremme, since 01-01-2015
- Financial year end
- 31 December
- Peppol
- Reachable since 12-01-2026
Financial position
Financial institution: outside the modelBankruptcy probability: sector outside the model
Annual accounts 2025
- Profit
- €19,233
- ▼ 66.0%
- Equity
- €1.4m
- ▲ 1.4%
- Total assets
- €1.5m
- ▲ 0.7%
SignalsneutralLatest accounts filed on timeShow the evidence
Checked score
Outside the general model
Model not applicable to financial institutions
The Checked score measures liquidity, leverage and margins against the norms for trading and manufacturing companies. A bank, insurer or financial holding has a very different balance sheet. Those ratios and the score mean nothing here. So there is no financial strength either.
Bankruptcy probability within 12 months
The company is a financial institution: a bank, insurer or financial holding. Its balance sheet works differently from that of a trading or manufacturing company. A bankruptcy probability from the general model would mislead here.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
1 signal.
neutral
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 22-07-2026, 9 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
9 days early
2024
3 days early
2023
29 days late
2022
30 days late
2021
25 days early
2020
26 days late
2019
31 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 11 days after the deadline. In the sector (NACE 64), the median for financial year 2024 was 14 days before the deadline, and 28% 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 28 July (5 of the last 5 accounts filed within 33 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
05-11-2026 today31-12-2026 year end31-07-2027 deadline
Financials
Financials · financial year 2025, abbreviated format
Annual accounts 2025 filed on 22-07-2026 at the NBB all 11 filings
Equity
€1.4m▲ 1.4%
2024 · €1.4m
Net result
€19,233▼ 66.0%
2024 · €56,632
Total assets
€1.5m▲ 0.7%
2024 · €1.5m
Solvency
92.7%▲ 0.6pp
2024 · 92.1%
In the rankings
#4 company by equity in Soumagne, Finance and insurance sector#5 company by total assets in Soumagne, Finance and insurance sector#6 oldest company in Soumagne, Finance and insurance sector
Multi-year overview
2018 to 2025, 8 financial yearsTurnover
€0
2025
20182025
Operating result
€26,824
▲ 8.5%
2025
20182025
Net result
€19,233
▼ 66.0%
2025
middle half of the sector
20182025
Equity
€1.4m
▲ 1.4%
2025
middle half of the sector
20182025
Total assets
€1.5m
▲ 0.7%
2025
middle half of the sector
20182025
Debt
€111,263
▼ 6.7%
2025
20182025
Working capital
-€62,568
▲ 23.5%
2025
middle half of the sector
20182025
Solvency
92.7%
▲ 0.6pp
2025
highest quarter of the sector
20182025
Current ratio
0.44
▲ 0.12
2025
middle half of the sector
20182025
Return on assets (ROA)
1.3%
▼ 2.5pp
2025
middle half of the sector
20182025
Staff (FTE)
no figure
2025
20182025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022202320242025
Turnover€0€0€0€0
Operating result€0.04m-€0.07m▲ 101%€0.03m▼ 64.4%€0.06m▲ 120%€0.05m▼ 20.4%€0.03m▼ 33.4%€0.02m▼ 18.4%€0.03m▲ 8.5%
Net result€0.02m-€0.05m▲ 151%€0.01mwithin the sector's middle half▼ 74.7%€0.04mwithin the sector's middle half▲ 207%€0.3mwithin the sector's middle half▲ 825%€0.06mwithin the sector's middle half▼ 81.3%€0.06mwithin the sector's middle half▼ 7.2%€0.02mwithin the sector's middle half▼ 66.0%
Equity€0.9m-€0.9m▲ 5.3%€0.9mabove the sector's middle half▲ 1.3%€0.9mwithin the sector's middle half▲ 3.9%€1.3mwithin the sector's middle half▲ 34.3%€1.3mwithin the sector's middle half▲ 4.8%€1.4mwithin the sector's middle half▲ 4.2%€1.4mwithin the sector's middle half▲ 1.4%
Total assets€1.5m-€1.5m▼ 1.0%€1.5mabove the sector's middle half▼ 1.8%€1.5mbelow the sector's middle half▲ 0.6%€1.5mbelow the sector's middle half▼ 3.5%€1.5mbelow the sector's middle half▲ 0.8%€1.5mbelow the sector's middle half▲ 3.4%€1.5mwithin the sector's middle half▲ 0.7%
Debt€0.7m-€0.6m▼ 9.0%€0.6m▼ 6.3%€0.6m▼ 4.5%€0.2m▼ 68.2%€0.1m▼ 28.2%€0.1m▼ 5.7%€0.1m▼ 6.7%
Working capital-€0.5m--€0.5m▲ 3.2%-€0.5mbelow the sector's middle half▲ 1.1%-€0.5mwithin the sector's middle half▼ 2.1%-€0.2mwithin the sector's middle half▲ 66.3%-€0.1mwithin the sector's middle half▲ 40.9%-€0.08mwithin the sector's middle half▲ 19.0%-€0.06mwithin the sector's middle half▲ 23.5%
Solvency55.8%-59.3%▲ 3.6pp61.2%within the sector's middle half▲ 1.9pp63.1%within the sector's middle half▲ 2.0pp87.9%above the sector's middle half▲ 24.7pp91.4%above the sector's middle half▲ 3.5pp92.1%above the sector's middle half▲ 0.8pp92.7%above the sector's middle half▲ 0.6pp
Current ratio0.04-0.04=0.02below the sector's middle half▼ 0.020.03below the sector's middle half▲ 0.010.03below the sector's middle half=0.20below the sector's middle half▲ 0.170.31below the sector's middle half▲ 0.110.44within the sector's middle half▲ 0.12
Return on assets (ROA)1.2%-3.0%▲ 1.8pp0.8%within the sector's middle half▼ 2.2pp2.3%within the sector's middle half▲ 1.6pp22.4%above the sector's middle half▲ 20.1pp4.2%within the sector's middle half▼ 18.3pp3.7%within the sector's middle half▼ 0.4pp1.3%within the sector's middle half▼ 2.5pp
Staff (FTE)0.10.2below the sector's middle half▲ 100%
above
within
below
The sector band is the middle half of the companies in Financial service activities, except insurance and pension funding (NACE 64). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.
The operating result for 2025 is 9% higher than in 2024. It is a recovery after the fall in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.5m
Fixed assets
€1.5m =
Current assets
€48,695 ▲ 30.2%
Equity and liabilities €1.5m
Equity
€1.4m ▲ 1.4%
Debt
€111,263 ▼ 6.7%
Debt's share of the balance-sheet total falls from 7.9% to 7.3%. Equity is higher and debt is lower.
Key figures and ratios
ROE
1.4%▼
2024 · 4.1%
Debt ≤ 1 year
€111,263▼
2024 · €119,197
Income taxes
€4,774▼
2024 · €4,945
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Investments
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Tangible fixed assets | €26,836 | - | - | - | - |
| Financial fixed assets | - | - | - | €40,000 | - |
| Depreciation and write-downs of the year | €16,393 | €8,945 | €8,945 | €2,598 | - |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Turnover70 | - | - | €0 | €0 | - | €0 | - | €0 | - |
| Non-recurring operating income76A | - | - | - | - | - | €0 | - | €0 | - |
| Goods, raw materials, services and sundry goods60/61 | - | - | - | €0 | - | €0 | - | €0 | - |
| Remuneration, social security and pensions62 | - | - | - | €0 | - | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €18,002 | €16,598 | €16,597 | €16,393 | €8,945 | €8,945 | €2,598 | - | - |
| Other operating charges640/8 | - | - | - | €2,558 | €4,756 | €1,834 | €1,434 | €1,128 | ▼ 21.3% |
| Gross operating margin9900 | €55,799 | €94,630 | €53,671 | €76,055 | €59,146 | €41,054 | €28,744 | €27,952 | ▼ 2.8% |
| Operating profit (loss)9901 | €36,282 | €72,817 | €25,930 | €57,104 | €45,445 | €30,275 | €24,712 | €26,824 | ▲ 8.5% |
| Financial income75/76B | - | - | - | €3 | €298,491 | €41,596 | €40,006 | €12 | ▼ 100.0% |
| Recurring financial income75 | - | €0 | €150 | €3 | €298,491 | €41,596 | €40,006 | €12 | ▼ 100.0% |
| Financial charges65/66B | - | - | - | €11,672 | €6,905 | €3,254 | €3,142 | €2,828 | ▼ 10.0% |
| Recurring financial charges65 | €11,192 | €12,890 | €11,701 | €11,672 | €6,905 | €3,254 | €3,142 | €2,828 | ▼ 10.0% |
| Profit (loss) for the period before taxes9903 | €25,091 | €59,927 | €14,379 | €45,434 | €337,031 | €68,617 | €61,577 | €24,007 | ▼ 61.0% |
| Income taxes67/77 | €6,964 | €14,480 | €2,901 | €10,193 | €11,164 | €7,571 | €4,945 | €4,774 | ▼ 3.4% |
| Profit (loss) for the period9904 | €18,126 | €45,448 | €11,478 | €35,241 | €325,867 | €61,046 | €56,632 | €19,233 | ▼ 66.0% |
| Profit (loss) for the period to be appropriated9905 | €18,126 | €45,448 | €11,478 | €35,241 | €325,867 | €61,046 | €56,632 | €19,233 | ▼ 66.0% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €1.5m | €1.5m | €1.5m | €1.5m | €1.5m | €1.5m | €1.5m | €1.5m | ▲ 0.7% |
| Formation expenses20 | €0 | - | €0 | €0 | €0 | €0 | €0 | €0 | - |
| Fixed assets21/28 | €1.5m | €1.5m | €1.5m | €1.5m | €1.4m | €1.4m | €1.5m | €1.5m | = |
| Intangible fixed assets21 | €0 | - | €0 | €0 | €0 | €0 | €0 | €0 | - |
| Tangible fixed assets22/27 | €0.05m | €0.03m | €0.02m | €0.02m | €0.01m | €0.003m | €0 | €0 | - |
| Furniture and vehicles24 | - | - | - | €0.02m | €0.01m | €0.003m | €0 | €0 | - |
| Financial fixed assets28 | €1.5m | €1.5m | €1.5m | €1.5m | €1.4m | €1.4m | €1.5m | €1.5m | = |
| Current assets29/58 | €0.02m | €0.02m | €0.01m | €0.01m | €0.005m | €0.03m | €0.04m | €0.05m | ▲ 30.2% |
| Amounts receivable within one year40/41 | €0.01m | €0.001m | €200 | €7 | €0 | €0.01m | €0.04m | €0.04m | ▲ 8.5% |
| Trade receivables40 | - | - | - | €0 | €0 | €0 | €0.03m | €0.03m | ▲ 11.8% |
| Other amounts receivable41 | - | - | - | €7 | €0 | €0.01m | €0.01m | €0.01m | ▲ 0.1% |
| Cash at bank and in hand54/58 | €0.002m | €0.01m | €0.002m | €0.007m | €0.004m | €0.01m | €372 | €0.009m | ▲ 24× |
| Deferred charges and accrued income490/1 | - | - | - | €0.007m | €0.001m | €396 | €0.001m | €0.001m | ▼ 9.4% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €1.5m | €1.5m | €1.5m | €1.5m | €1.5m | €1.5m | €1.5m | €1.5m | ▲ 0.7% |
| Equity10/15 | €0.9m | €0.9m | €0.9m | €0.9m | €1.3m | €1.3m | €1.4m | €1.4m | ▲ 1.4% |
| Contributions10/11 | €0.8m | €0.8m | - | €0.8m | €0.8m | €0.8m | €0.8m | €0.8m | = |
| Reserves13 | €0.04m | €0.06m | €0.1m | €0.1m | €0.1m | €0.1m | €0.1m | €0.1m | = |
| Non-distributable reserves130/1 | - | - | - | €0.007m | €0.007m | €0.007m | €0.007m | €0.007m | = |
| Reserves not available under the articles1311 | - | - | - | €0.007m | €0.007m | €0.007m | €0.007m | €0.007m | = |
| Distributable reserves133 | - | - | - | €0.1m | €0.1m | €0.1m | €0.1m | €0.1m | = |
| Profit (loss) carried forward14 | €0.02m | €0.04m | €0.01m | €0.04m | €0.4m | €0.4m | €0.5m | €0.5m | ▲ 4.0% |
| Amounts payable17/49 | €0.7m | €0.6m | €0.6m | €0.6m | €0.2m | €0.1m | €0.1m | €0.1m | ▼ 6.7% |
| Amounts payable after more than one year17 | €0.1m | €0.09m | €0.07m | €0.03m | €0 | - | - | - | - |
| Financial debts170/4 | - | - | - | €0.03m | €0 | - | - | - | - |
| Amounts payable within one year42/48 | €0.5m | €0.5m | €0.5m | €0.5m | €0.2m | €0.1m | €0.1m | €0.1m | ▼ 6.7% |
| Current portion of amounts payable after more than one year42 | - | - | - | €0.04m | €0.03m | €0 | - | - | - |
| Financial debts43 | - | - | - | - | €0.002m | €0 | - | - | - |
| Credit institutions430/8 | - | - | - | - | €0.002m | €0 | - | - | - |
| Trade debts44 | €0.003m | €0.002m | €445 | €0.001m | €0.001m | €0.001m | €0.001m | €0.001m | ▼ 55.8% |
| Suppliers440/4 | - | - | - | €0.001m | €0.001m | €0.001m | €0.001m | €0.001m | ▼ 55.8% |
| Taxes, remuneration and social security45 | - | - | - | €0.01m | €0.008m | €0.01m | €0.004m | €0.009m | ▲ 117% |
| Taxes450/3 | - | - | - | €0.01m | €0.008m | €0.01m | €0.004m | €0.009m | ▲ 132% |
| Remuneration and social security454/9 | - | - | - | €0 | €0 | €0 | €265 | €0 | ▼ 100% |
| Other amounts payable47/48 | - | - | - | €0.5m | €0.1m | €0.1m | €0.1m | €0.1m | ▼ 10.7% |
| Accrued charges and deferred income492/3 | - | - | - | - | €0 | €0 | - | - | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €18,126 | €45,448 | €11,478 | €35,241 | €325,867 | €61,046 | €56,632 | €19,233 | ▼ 66.0% |
| + Depreciation and write-downs630 | €18,002 | €16,598 | €16,597 | €16,393 | €8,945 | €8,945 | €2,598 | - | - |
| Operating cash flow (approximation) | €36,128 | €62,045 | €28,076 | €51,634 | €334,812 | €69,991 | €59,230 | €19,233 | ▼ 67.5% |
| Investment in fixed assets (approximation) | - | €0 | €0 | -€21,630 | €35,000 | €0 | -€40,000 | €0 | - |
| Change in cash | - | €9,586 | -€9,664 | €4,863 | -€2,349 | €7,410 | -€11,337 | €8,425 | - |
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 11 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | abbreviated format | 22-07-2026 | 2026-00318788 | |
| 31-12-2024 | full format | 28-07-2025 | 2025-00317674 | |
| 31-12-2023 | full format | 29-08-2024 | 2024-00413097 | |
| 31-12-2022 | full format | 30-08-2023 | 2023-00380687 | |
| 31-12-2021 | full format | 06-07-2022 | 2022-20166892 | |
| 31-12-2020 | micro format | 26-08-2021 | 2021-54100441 | |
| 31-12-2019 | micro format | 31-08-2020 | 2020-47700499 | |
| 31-12-2018 | micro format | 28-08-2019 | 2019-53100143 | |
| 31-12-2017 | micro format | 27-08-2018 | 2018-51000101 | |
| 31-12-2016 | full format | 30-08-2017 | 2017-57500278 |
Board & ownership
Directors
Directors
2 directors
DAMIANO Emma
Current
Director · listed in the 2025 annual accounts, filed on 22-07-2026
EUSSEN Axel
Current
Director · listed in the 2025 annual accounts, filed on 22-07-2026
Owners and capital
Capital transactions
Capital over time
- 12-12-2023 Converted to unavailable equity · €806,929
Mandate history
2 people, 2 in office
- Board
- mandate already running before its first mention
| Name | Functions and periods |
|---|---|
| DAMIANO Emma |
|
| EUSSEN Axel |
|
Articles of association
- Board ruleThese rules set how the board is made up, meets and takes decisions.
- At least 1 director
Articles of association, deed of 12-12-2023 (in French)
Network & group
Holdings through the years
2019 to 2025Connections & network
2 current directorsThe network starts from the directors of AED. Every other company they run is a node.
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
Deeds, filings and financial milestones
Deadline for the 2026 accounts:
2026
22-07
abbreviated format · 9 days before the deadline
2025
28-07
full format · 3 days before the deadline
2024
29-08
full format · 29 days late
2023
12-12
Gazette deed
Amendment of the articles · Legal-form change · Resignations & appointmentsGeneral meeting of 06-12-20232 points ▸
Gazette deed
Amendment of the articles · Legal-form change · Resignations & appointments
General meeting of 06-12-20232 points ▸
- General meeting, 06-12-2023
- 800 shares
- The deed holds 2 more points.
30-08
full format · 30 days late
2022
31-12
Financial
Highest result from 2018 to 2025net €325,867 ▲825%
The net result of €325,867 is the highest of those years.
31-12
Financial
Equity above €1mequity €1.3m ▲34.3%
With a profit in every financial year since 2018, equity grows to €1.3m.
06-07
full format · 25 days before the deadline
2021
26-08
micro format · 26 days late
2020
31-12
Financial
Weakest financial yearnet €11,478 ▼74.7%
The net result drops to €11,478, the lowest from 2018 to 2025. It recovers the following year.
31-08
micro format · 31 days late
2019
28-08
micro format · 28 days late
Financial milestoneGazette deedNBB filingFinancial milestones sit on the financial year-end date, not the filing date.
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Register details
Identity
KBO recordName
AED in French
Enterprise number
0505.666.146
Legal form
Private limited company
Status
Active, normal situation
Founded
25-11-2014
Entity type
Legal entity
DurationMost companies exist for an unlimited period, until they are dissolved.
Unlimited
deed of 12-12-2023 (in French)Registered office and establishments
Registered office
Rue Hotteux 27, 4630 Soumagne, Belgium
Establishment unit
AED, Chaussée Romaine 250, 4300 Waremme since 01-01-2015 · unit number 2.239.207.881
Activities
NACEBEL 202564210
Activities of holding companies main activity
70200
Business and other management consultancy
Codes under NACEBEL 2008
64200
Holdings main activity
70220
Business consulting
PurposeThe purpose describes the activities the company may carry out under its articles.
deed of 12-12-2023 (in French)
“La prise de participation directe ou indirecte dans toutes sociétés ou entreprises commerciales,industrielles,financières,mobilières et…”
7 activities
- La prise de participation directe ou indirecte dans toutes sociétés ou entreprises commerciales,industrielles,financières,mobilières et immobilières
- Le contrôle de leur gestion ou la participation à celle-ci par prise de tous mandats au sein desdites sociétés ou entreprises
- L'achat,l'administration,la vente et toutes valeurs mobilières et immobilières,de tous droits sociaux et d'une manière plus générale toutes opérations de gestion du portefeuille ainsi constitué
- La réalisation d'opérations d'achat,de vente,de constitution ou cession de droits réels immobiliers,de location ou mise à disposition d'immeubles,ainsi que les opérations de promotion associées ou non à la réalisation de magasins
- Faire toutes opérations commerciales,industrielles,mobilières,immobilières ou financières se rattachant directement ou indirectement à son objet social
- S'intéresser par voie d'apport,de fusion,de souscription,d'intervention financière ou par tout autre mode,dans toutes sociétés ou entreprises,en Belgique ou à l'étranger,ayant en tout ou en partie,un objet similaire ou connexe au sien ou susceptible d'en favoriser l'extension et le développement
- Prêter à toutes sociétés et se porter caution pour elles,même hypothécairement
Invoicing and payment
VAT number
BE 0505.666.146
Financial year and general meeting
Accounts at the NBBFinancial year end
31-12
Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
Last Monday of May
deed of 12-12-2023 (in French)Sites & property
Location
Buildings and parcels at the addresses
Ground area
4,642 m²
Building footprint
768 m²
Building volume
4,720 m³
Tallest building: 6.7 m.
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 64040B0306/00E000 | Wallonia | 2,996 m² | 1 · 632 m² | 6.7 m · 2 |
| 62008D0063/00N000 | Wallonia | 1,646 m² | 1 · 136 m² | 6.4 m · 2 |