AEDEX
ActiveSummary
The annual accounts of AEDEX for financial year 2025 show a net loss of 54% of the equity at the start of that year. The 2025 annual accounts show equity of €21,169 and a net result of -€25,353. Equity has been shrinking by about 11% per year since 2018. Its solvency ranks better than 39% of 9,845 sector peers (NACE 46, financial year 2025). The company has been active since 1994 and the Belgian Official Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 0.2% (very low).
Overview
Overview
Official details
Source: KBO- Status
- Active since 08-06-1994 Normal situation
- Activity
- Wholesale of other machinery and equipment NACE 46649
- Establishment unit
- 2.067.133.049 2160 Wommelgem, since 26-11-1999
- Financial year end
- 31 December
- Peppol
- Reachable since 30-12-2025
Board and ownership
- Roeland Peter UlrixManaging director
- Annick Catherina LeclairDirector · since 22-05-2021
Financial position
- Bankruptcy probabilitywithin 12 months
- 0.2%
- Gross margin
- -€9,136
- Loss
- €25,353
- ▲ 147%
- Equity
- €21,169
- ▼ 54.5%
- Total assets
- €65,885
- ▼ 28.3%
Score breakdownraises riskCapped at 59: a net loss of at least half of total assets or of the equity at the start of the financial yearLoss of €25,353, the second in a row (financial year 2025)lowers riskSize: total assets €65,885Liquidity: current ratio 1.24, cash €28,504Founded in 1994Show 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 46, micro). It does better than 42% of them on solvency, 77% on liquidity, 6% on profitability and 9% 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 27 days after the deadline. In the sector (NACE 46), the median for financial year 2024 was 3 days before the deadline, and 39% of those companies filed late.
Searched, nothing found (2)
Financials
Financials · financial year 2025, abbreviated format
Annual accounts 2025 filed on 31-07-2026 at the NBB all 31 filings
Every figure per financial year
The operating result for 2025 is a loss of €26,434, larger than the loss of €11,625 in 2024. It is the lowest result since 2021.
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Turnover70 | - | €67,765 | - | - | - | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €20,956 | €20,693 | €20,916 | €20,926 | €11,091 | €6,339 | €10,867 | €10,867 | = |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | - | €4,916 | €0 | - | - | - |
| Other operating charges640/8 | - | - | - | €2,080 | €2,300 | €1,774 | €1,848 | €1,905 | ▲ 3.1% |
| Non-recurring operating charges66A | - | - | - | - | - | - | - | €4,527 | - |
| Gross operating margin9900 | €10,908 | €9,136 | €20,321 | €8,490 | €11,434 | €3,375 | €1,090 | -€9,136 | - |
| Operating profit (loss)9901 | -€12,233 | -€14,065 | -€2,660 | -€14,516 | -€6,873 | -€4,738 | -€11,625 | -€26,434 | ▼ 127% |
| Financial income75/76B | - | - | - | €169 | €409 | €64 | €169 | €195 | ▲ 14.9% |
| Recurring financial income75 | €8 | €4 | €1 | €169 | €409 | €64 | €169 | €195 | ▲ 14.9% |
| Financial charges65/66B | - | - | - | €930 | €47 | €55 | €1,113 | €1,975 | ▲ 77.3% |
| Recurring financial charges65 | €1,377 | €1,073 | €922 | €930 | €47 | €55 | €1,113 | €1,975 | ▲ 77.3% |
| Profit (loss) for the period before taxes9903 | -€13,602 | -€15,134 | -€3,581 | -€15,277 | -€6,512 | -€4,729 | -€12,569 | -€28,214 | ▼ 124% |
| Transfer from deferred taxes780 | - | - | - | €3,144 | €3,144 | €3,144 | €3,144 | €3,144 | = |
| Income taxes67/77 | €1,249 | €585 | €2,922 | €334 | €1,911 | €2,221 | €830 | €283 | ▼ 65.9% |
| Profit (loss) for the period9904 | -€11,707 | -€12,574 | -€3,359 | -€12,467 | -€5,279 | -€3,806 | -€10,254 | -€25,353 | ▼ 147% |
| Transfer from tax-exempt reserves789 | - | - | - | €6,105 | €6,105 | €6,105 | €6,105 | €6,105 | = |
| Profit (loss) for the period to be appropriated9905 | -€5,602 | -€6,469 | €2,747 | -€6,362 | €827 | €2,299 | -€4,149 | -€19,248 | ▼ 364% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €149,419 | €121,079 | €125,672 | €103,637 | €83,899 | €90,315 | €91,860 | €65,885 | ▼ 28.3% |
| Fixed assets21/28 | €127,294 | €107,458 | €86,542 | €65,616 | €54,526 | €48,187 | €37,320 | €21,926 | ▼ 41.2% |
| Tangible fixed assets22/27 | €127,294 | €107,458 | €86,542 | €65,616 | €54,526 | €48,187 | €37,320 | €21,926 | ▼ 41.2% |
| Land and buildings22 | - | - | - | €65,392 | €54,526 | €48,187 | €37,320 | €21,926 | ▼ 41.2% |
| Furniture and vehicles24 | - | - | - | €224 | - | - | - | - | - |
| Current assets29/58 | €22,125 | €13,622 | €39,130 | €38,021 | €29,374 | €42,128 | €54,540 | €43,959 | ▼ 19.4% |
| Amounts receivable within one year40/41 | €18,268 | €11,085 | €23,920 | €17,258 | €15,031 | €18,668 | €11,703 | €15,455 | ▲ 32.1% |
| Trade receivables40 | - | - | - | €14,991 | €3,948 | €18,668 | €11,703 | €13,575 | ▲ 16.0% |
| Other amounts receivable41 | - | - | - | €2,267 | €11,082 | €0 | - | €1,880 | - |
| Cash at bank and in hand54/58 | €3,857 | €2,537 | €15,210 | €20,762 | €14,343 | €23,460 | €42,838 | €28,504 | ▼ 33.5% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €149,419 | €121,079 | €125,672 | €103,637 | €83,899 | €90,315 | €91,860 | €65,885 | ▼ 28.3% |
| Equity10/15 | €94,261 | €81,687 | €78,328 | €65,861 | €60,582 | €56,776 | €46,521 | €21,169 | ▼ 54.5% |
| Contributions10/11 | €62,000 | €62,000 | €62,000 | €62,000 | €62,000 | €62,000 | €62,000 | €62,000 | = |
| Capital10 | - | - | - | €62,000 | €62,000 | €62,000 | €62,000 | €62,000 | = |
| Issued capital100 | - | - | - | €62,000 | €62,000 | €62,000 | €62,000 | €62,000 | = |
| Reserves13 | €69,653 | €63,547 | €57,442 | €51,337 | €45,231 | €39,126 | €33,021 | €26,915 | ▼ 18.5% |
| Non-distributable reserves130/1 | - | - | - | €4,239 | €4,239 | €4,239 | €4,239 | €4,239 | = |
| Legal reserve130 | - | - | - | €4,239 | €4,239 | €4,239 | €4,239 | €4,239 | = |
| Tax-exempt reserves132 | - | - | - | €26,628 | €20,523 | €14,418 | €8,312 | €2,207 | ▼ 73.5% |
| Distributable reserves133 | - | - | - | €20,470 | €20,470 | €20,470 | €20,470 | €20,470 | = |
| Profit (loss) carried forward14 | -€37,392 | -€43,861 | -€41,114 | -€47,476 | -€46,649 | -€44,350 | -€48,499 | -€67,747 | ▼ 39.7% |
| Provisions and deferred taxes16 | €23,143 | €19,999 | €16,855 | €13,712 | €10,568 | €7,424 | €4,280 | €1,136 | ▼ 73.5% |
| Deferred taxes168 | - | - | - | €13,712 | €10,568 | €7,424 | €4,280 | €1,136 | ▼ 73.5% |
| Amounts payable17/49 | €32,015 | €19,393 | €30,489 | €24,065 | €12,750 | €26,115 | €41,059 | €43,581 | ▲ 6.1% |
| Amounts payable within one year42/48 | €29,225 | €15,536 | €25,709 | €20,293 | €8,978 | €20,144 | €33,941 | €35,485 | ▲ 4.5% |
| Trade debts44 | €182 | €849 | - | - | €15 | €1,196 | €5,667 | €2,325 | ▼ 59.0% |
| Suppliers440/4 | - | - | - | - | €15 | €1,196 | €5,667 | €2,325 | ▼ 59.0% |
| Taxes, remuneration and social security45 | - | - | - | €3,255 | €2,963 | €3,150 | €4,119 | €0 | ▼ 100% |
| Taxes450/3 | - | - | - | €3,255 | €2,963 | €3,150 | €4,119 | €0 | ▼ 100% |
| Other amounts payable47/48 | - | - | - | €17,038 | €6,000 | €15,798 | €24,154 | €33,160 | ▲ 37.3% |
| Accrued charges and deferred income492/3 | - | - | - | €3,771 | €3,771 | €5,971 | €7,118 | €8,095 | ▲ 13.7% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€11,707 | -€12,574 | -€3,359 | -€12,467 | -€5,279 | -€3,806 | -€10,254 | -€25,353 | ▼ 147% |
| + Depreciation and write-downs630 | €20,956 | €20,693 | €20,916 | €20,926 | €11,091 | €6,339 | €10,867 | €10,867 | = |
| Operating cash flow (approximation) | €9,249 | €8,118 | €17,557 | €8,458 | €5,812 | €2,533 | €612 | -€14,486 | - |
| Investment in fixed assets (approximation) | - | -€856 | €0 | €0 | €0 | €0 | €0 | €4,527 | - |
| Change in cash | - | -€1,320 | €12,673 | €5,552 | -€6,419 | €9,117 | €19,378 | -€14,333 | - |
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, 5,831 companies had the same profile as AEDEX has now. Two years later, 84.6% were still going and 1.7% had gone bankrupt.
- Micro
- 20 years or older
- solvency 30% or more
- a loss of 10% of the balance sheet or more
Another 0.3% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of AEDEX itself is lower: 0.2% within 12 months. It rests on far more data about AEDEX than the profile alone.
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 5,831 companies, not a prediction for AEDEX. 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 31 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | abbreviated format | 31-07-2026 | 2026-00373464 | |
| 31-12-2024 | micro format | 31-07-2025 | 2025-00339580 | |
| 31-12-2023 | micro format | 22-08-2024 | 2024-00388931 | |
| 31-12-2022 | micro format | 17-08-2023 | 2023-00334462 | |
| 31-12-2021 | micro format | 31-08-2022 | 2022-20386712 | |
| 31-12-2020 | micro format | 31-08-2021 | 2021-58600410 | |
| 31-12-2019 | micro format | 30-10-2020 | 2020-67200207 | |
| 31-12-2018 | micro format | 22-08-2019 | 2019-48400469 | |
| 31-12-2017 | micro format | 25-07-2018 | 2018-37000080 | |
| 31-12-2016 | micro format | 27-06-2017 | 2017-21200325 |
Board & ownership
Directors
Board 2
Day-to-day management 1
Owners and capital
Owners
Mandate history
- Board
- Day-to-day management
- began earlier
| Name | Functions and periods |
|---|---|
| Annick Catherina Leclair |
|
| Roeland Peter Ulrix |
|
| Jacqueline Ketelsiegers |
|
Network & group
AEDEX shares no director with another company.
Connections & network
2 current directorsThe network starts from the directors of AEDEX. Every other company they run is a node.
Timeline
Acts, filings and financial milestones
02-09
Gazette deed
Reappointments: Roeland Peter Ulrix (director) and Annick Catherina Leclair (director)Resignation: Jacqueline Ketelsiegers (director) · Appointment: Roeland Peter Ulrix (managing director)6 points ▸
- General meeting, 22-05-2021
- Director reappointment, Roeland Peter Ulrix (director)
- Director reappointment, Annick Catherina Leclair (director)
- Director resignation, Jacqueline Ketelsiegers (director)
- Board meeting, 23-05-2021
- Director appointment, Roeland Peter Ulrix (managing director)
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
Codes under NACEBEL 2003
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 |
|---|---|---|---|---|
| 11052D0190/00T002 | Flanders | 2,937 m² | 1 · 485 m² | 12.7 m · 2 |