AEDES
ActiveSummary
AEDES has been active since 1991 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €81,015 and a net result of €19,986. Equity has been stable since 2018 (±0.4% per year). Its solvency ranks better than 94% of 2,559 sector peers (NACE 71, financial year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Overview
Overview
Official details
Source: KBO- Status
- Active since 28-10-1991 Normal situation
- Activity
- Activities of building architects NACE 71111
- Establishment unit
- 2.054.901.547 1050 Elsene, since 12-11-1991
- Financial year end
- 31 December
- Peppol
- Not found in the Peppol Directory
Financial position
- Bankruptcy probabilitywithin 12 months
- 0.2%
- Gross margin
- €21,275
- Turnover
- ≈ €140,000
- estimated
- Profit
- €19,986
- ▲ 638%
- Equity
- €81,015
- ▲ 32.7%
- Total assets
- €89,195
- ▲ 6.3%
Score breakdownraises riskLiquidity: current ratio 10.90lowers riskFounded in 1991Figures for financial year 2025 (filed on 29-07-2026)Sector: Architectural and engineering activities; technical testing and analysis (NACE 71)Show the evidence
Checked score
About 2 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
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 71, micro). It does better than 87% of them on solvency, 97% on liquidity, 69% on profitability and 75% on growth.
The bankruptcy probability was computed on 02-11-2026 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.
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).
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
The company filed its last 7 accounts on average 12 days before the deadline. In the sector (NACE 71), the median for financial year 2024 was 8 days before the deadline, and 34% of those companies filed late.
Searched, nothing found (2)
Financials
Financials · financial year 2025, abbreviated format
Annual accounts 2025 filed on 29-07-2026 at the NBB all 34 filings
Every figure per financial year
The operating result for 2025 is a profit of €21,275, after a loss of €1,358 in 2024. It is the highest result since 2021.
Turnover and EBIT margin are not published. The abbreviated or micro format does not require them. The turnover shown is an estimate from the gross margin.
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €19,595 | €3,214 | €2,303 | €1,378 | €977 | €150 | - | - | - |
| Other operating charges640/8 | - | - | - | - | €3,978 | €745 | - | - | - |
| Non-recurring operating charges66A | - | - | - | - | - | €5,851 | - | - | - |
| Gross operating margin9900 | €62,680 | €5,209 | -€96 | -€4,558 | €350 | -€2,794 | -€1,358 | €21,275 | - |
| Operating profit (loss)9901 | €31,852 | -€1,490 | -€2,421 | -€5,937 | -€4,605 | -€9,540 | -€1,358 | €21,275 | - |
| Financial income75/76B | - | - | - | €4,307 | €4,948 | €3,757 | €4,233 | €4,355 | ▲ 2.9% |
| Recurring financial income75 | €3,658 | €4,570 | €6,128 | €4,307 | €4,948 | €3,757 | €4,233 | €4,355 | ▲ 2.9% |
| Financial charges65/66B | - | - | - | €59 | €107 | €343 | €167 | €198 | ▲ 18.2% |
| Recurring financial charges65 | €2,388 | €1,369 | €160 | €59 | €107 | €343 | €167 | €198 | ▲ 18.2% |
| Profit (loss) for the period before taxes9903 | €33,122 | €1,710 | €3,547 | -€1,689 | €237 | -€6,126 | €2,708 | €25,432 | ▲ 839% |
| Income taxes67/77 | €11,691 | €966 | €1,235 | - | €141 | €309 | - | €5,445 | - |
| Profit (loss) for the period9904 | €21,432 | €744 | €2,312 | -€1,689 | €96 | -€6,435 | €2,708 | €19,986 | ▲ 638% |
| Profit (loss) for the period to be appropriated9905 | €21,432 | €744 | €2,312 | -€1,689 | €96 | -€6,435 | €2,708 | €19,986 | ▲ 638% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €127,994 | €86,021 | €91,999 | €89,689 | €87,188 | €80,595 | €83,895 | €89,195 | ▲ 6.3% |
| Fixed assets21/28 | €47,564 | €17,188 | €14,884 | €13,506 | €12,529 | €12,379 | €12,379 | - | - |
| Tangible fixed assets22/27 | €44,664 | €14,288 | €11,984 | €10,606 | €9,629 | €9,479 | €9,479 | - | - |
| Furniture and vehicles24 | - | - | - | €827 | - | - | - | - | - |
| Other tangible fixed assets26 | - | - | - | €9,779 | €9,629 | €9,479 | €9,479 | - | - |
| Financial fixed assets28 | €2,900 | €2,900 | €2,900 | €2,900 | €2,900 | €2,900 | €2,900 | - | - |
| Current assets29/58 | €80,429 | €68,833 | €77,114 | €76,183 | €74,659 | €68,216 | €71,517 | €89,195 | ▲ 24.7% |
| Amounts receivable within one year40/41 | €51,022 | €58,937 | €72,408 | €74,226 | €74,659 | €68,176 | €71,517 | €89,195 | ▲ 24.7% |
| Trade receivables40 | - | - | - | €4,161 | - | - | - | - | - |
| Other amounts receivable41 | - | - | - | €70,065 | €74,659 | €68,176 | €71,517 | €89,195 | ▲ 24.7% |
| Cash at bank and in hand54/58 | €28,975 | €9,896 | €4,555 | €1,958 | - | €40 | - | - | - |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €127,994 | €86,021 | €91,999 | €89,689 | €87,188 | €80,595 | €83,895 | €89,195 | ▲ 6.3% |
| Equity10/15 | €63,293 | €64,037 | €66,349 | €64,660 | €64,756 | €58,321 | €61,029 | €81,015 | ▲ 32.7% |
| Contributions10/11 | €6,200 | €6,200 | - | €6,200 | €6,200 | €8,059 | €8,059 | €8,059 | = |
| Contributions outside capital11 | - | - | - | €6,200 | €6,200 | €8,059 | €8,059 | €8,059 | = |
| Other1109/19 | - | - | - | €6,200 | €6,200 | €8,059 | €8,059 | €8,059 | = |
| Reserves13 | €56,859 | €57,359 | €59,359 | €59,359 | €59,359 | €57,500 | €57,500 | €57,500 | = |
| Non-distributable reserves130/1 | - | - | - | €1,859 | €1,859 | - | - | - | - |
| Reserves not available under the articles1311 | - | - | - | €1,859 | €1,859 | - | - | - | - |
| Tax-exempt reserves132 | - | - | - | €6,500 | €6,500 | €6,500 | €6,500 | €6,500 | = |
| Distributable reserves133 | - | - | - | €51,000 | €51,000 | €51,000 | €51,000 | €51,000 | = |
| Profit (loss) carried forward14 | €234 | €478 | €790 | -€899 | -€803 | -€7,238 | -€4,530 | €15,456 | - |
| Amounts payable17/49 | €64,701 | €21,984 | €25,649 | €25,030 | €22,432 | €22,274 | €22,866 | €8,180 | ▼ 64.2% |
| Amounts payable after more than one year17 | €25,980 | - | - | - | - | - | - | - | - |
| Amounts payable within one year42/48 | €38,721 | €21,984 | €25,649 | €25,030 | €22,432 | €22,274 | €22,866 | €8,180 | ▼ 64.2% |
| Financial debts43 | - | - | - | - | €158 | - | €733 | €2,735 | ▲ 273% |
| Credit institutions430/8 | - | - | - | - | €158 | - | €733 | €2,735 | ▲ 273% |
| Trade debts44 | €18,536 | €18,524 | €23,448 | €23,795 | €22,133 | €22,133 | €22,133 | - | - |
| Suppliers440/4 | - | - | - | €23,795 | €22,133 | €22,133 | €22,133 | - | - |
| Taxes, remuneration and social security45 | - | - | - | €1,235 | €141 | €141 | - | €5,445 | - |
| Taxes450/3 | - | - | - | €1,235 | €141 | €141 | - | €5,445 | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €21,432 | €744 | €2,312 | -€1,689 | €96 | -€6,435 | €2,708 | €19,986 | ▲ 638% |
| + Depreciation and write-downs630 | €19,595 | €3,214 | €2,303 | €1,378 | €977 | €150 | - | - | - |
| Operating cash flow (approximation) | €41,027 | €3,959 | €4,616 | -€311 | €1,073 | -€6,285 | €2,708 | €19,986 | ▲ 638% |
| Investment in fixed assets (approximation) | - | €27,162 | €0 | €0 | €0 | €0 | €0 | - | - |
| Change in cash | - | -€19,079 | -€5,341 | -€2,597 | - | - | - | - | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 31,368 companies had the same profile as AEDES has now. Two years later, 93.5% were still going and 0.5% had gone bankrupt.
- Micro
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
Another 0.1% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of AEDES itself: 0.2% within 12 months.
Test of the method
The method was tested on the 497,446 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 31,368 companies, not a prediction for AEDES. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Latest 10 of 34 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | abbreviated format | 29-07-2026 | 2026-00350168 | |
| 31-12-2024 | micro format | 30-06-2025 | 2025-00200870 | |
| 31-12-2023 | micro format | 23-06-2024 | 2024-00151542 | |
| 31-12-2022 | micro format | 29-06-2023 | 2023-00174909 | |
| 31-12-2021 | micro format | 22-07-2022 | 2022-20212741 | |
| 31-12-2020 | micro format | 07-08-2021 | 2021-46900252 | |
| 31-12-2019 | micro format | 19-08-2020 | 2020-42300107 | |
| 31-12-2018 | micro format | 25-07-2019 | 2019-37200132 | |
| 31-12-2017 | micro format | 28-08-2018 | 2018-50500213 | |
| 31-12-2016 | micro format | 25-08-2017 | 2017-47000095 |
Board & ownership
Directors
Owners and capital
Capital transactions
- 21-12-2023 Converted to unavailable equity
Mandate history
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| VAN HOVE Frédéric |
|
Articles of association
- Transfer restrictionThis rule says whether shareholders may sell their shares freely or need approval first.
- “Moitié cédant moitié acquéreurs proportionnellement si plusieurs, actions dont cession proposée”
Articles of association, deed of 21-12-2023 (in French)
Network & group
AEDES shares no director with another company.
Companies at the same address
4 other companiesConnections & network
1 current directorThe network starts from the directors of AEDES. Every other company they run is a node.
Timeline
Acts, filings and financial milestones
21-12
Gazette deed
Amendment of the articles · Legal-form change · Resignations & appointmentsChange of role: VAN HOVE Frédéric, from manager to director · Incorporation · Capital conversion17 points ▸
- Incorporation, 28-10-1991
- General meeting, 11-12-2023
- Other provision, “adapter les statuts aux dispositions du Code des sociétés et des associations” (deed in French)
- Other provision, “supprimer le compte de capitaux propres statutairement indisponible et le mettre à disposition pour des distributions futures” (deed in French)
- Other provision, “offrir la possibilité de procéder à des avances sur dividende” (deed in French)
- Other provision, “adoption de nouveaux statuts en concordance avec le Code des sociétés et des associations” (deed in French)
- Other provision, “démission du gérant et renouvellement de son mandat comme administrateur” (deed in French)
- Other provision, “adresse du siège” (deed in French)
- Director in office, VAN HOVE (sole director)
- Amendment of the articles, mentioned 2 times in the deed
- Capital conversion, “unanimité”, EUR (deed in French)
- Other provision, “unanimité, avances sur dividendes” (deed in French)
- The act holds 5 more points.
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Register details
Identity
KBO recordRegistered office and establishments
Activities
NACEBEL 2025Codes under NACEBEL 2008
7 activities
- Les études, conseils, plans d’architecture, d’urbanisme, d’aménagements intérieurs ou extérieurs, l’aménagement de jardins, les études techniques et de génie civil, les expertises en général, toute activité rentrant dans le cadre de la profession d’architecte et de paysagiste
- Tous actes requérant une formation particulière, seront accomplis au nom et pour compte de la société, par une ou plusieurs personnes, associés ou non, titulaires des diplômes légalement exigés
- Tous les membres devront respecter toutes les règles de déontologie édictées par l’Ordre des Architectes
- La société pourra acquérir, louer tous terrains, immeubles ou installations, y apporter toutes modifications ou constructions qu’elle jugera nécessaire à la gestion de son patrimoine et, pour la même raison, elle pourra faire en Belgique ou à l’Etranger et d’une façon générale, toutes les opérations immobilières ou mobilières, financières ou civiles
- Elle peut réaliser son objet pour, son compte ou le compte d’autrui, en tous lieux, de toutes manières et suivant les modalités qui lui apparaîtront les mieux appropriées
- La société a aussi pour objet toutes opérations généralement quelconques industrielles, commerciales, financières, mobilières, immobilières se rapportant directement ou indirectement à son objet
- Elle pourra s’intéresser, par voie d’association, d’apport, de fusion, de scission, de participation, de souscription, d’intervention financière ou par tout autre moyen, dans toutes sociétés, entreprises ou associations ayant un objet similaire ou connexe au sien, ou de nature à favoriser la réalisation de son objet, ou qui seraient susceptibles de constituer pour elle une source d’approvisionnement ou une possibilité de profit
Invoicing and payment
Financial year and general meeting
Accounts at the NBBSites & property
Buildings and parcels at the address
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 21443C0014/00E003 | Brussels | 252 m² | 1 · 135 m² | 18.2 m · 5 |