Losses
-€349,540 in three years
Every financial year from 2023 to 2025 closed with a loss. 2023 was the heaviest.
AEF Construct
Lifetime
5 annual accounts with figures on one time axispeak €559,926 (2022)
€83,383▲ €110,632
lowest -€305,220 (2021)
-€16,257▲ €133,779
peak €294,381 (2025)
€294,381▲ €703,865
€6.6m▲ 68.8%
peak 1.3 FTE (2022)
0.4 FTE
Board2 names since 2020
2 directors and 1 other
Owners
40%
Documentsfilings and deeds
27-08-202627 days late
2025abbreviated format
Gross margin from -€27,249 to €83,383Loss of €16,257Amendment of the articles 12-11Equity from -€409,484 to €294,381Debts from €3.9m to €6.6mCash from €251,750 to €33,690
Key points
from the 2025 annual accountsTurnover
≈ €220,000 estimated
The accounts state no turnover.
Debts
€6.6m 96% of the balance sheet
Financial debts 49%Suppliers 7%Taxes and wages 2%Other 43%
Of this, €6.4m falls due within a year.
Investments
€6,747 2.5 × depreciation
Green is investment, beige is depreciation.
Filings
5 annual accounts 2 late
The 2024 accounts came latest: 27 days after the end of the period.
Starting capital
€5,000 100 shares
Checked score
Bankruptcy probability within 12 months
Financial strength
Score breakdown
Comparable companies, two years later
In July 2024, 849 companies had the same profile as AEF Construct has now. Each dot stands for 3 companies, two years later.
91.9%
were still trading
3.3%
stopped another way
4.7%
went bankrupt
Another 0.1% stopped without a precise date, possibly only after those two years.
Test of the method
The method was tested on the 497,762 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 | 2.9% | 3.1% |
| 10 | 5.6% | 6.1% |
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 849 companies, not a prediction for AEF Construct. 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.
Credit verdict
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Board and ownership
Director
Director
- 40%score equity €920,990 (2025) · 2025 annual accounts of
- deed of 12-11-2025
- score equity -€42,605 (2025) · deed of 12-11-2025
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0744977420
Appointment: (director)
General meeting of 23-03-2026 · Gazette deed
Environmental permit refused
Nieuwbouw of aanleggen · Provincie Vlaams-Brabant
Amendment of the articles
300 new shares · 400 new shares · 200 new shares · General meeting of 05-11-2025 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| AEF Construct Kortenberg | €6.9m | €83,383 | 4.2% | 0.4 |
| BVI.EU Green Business Park Merksem Kontich | €11.1m | €58,580 | 4.0% | 0 |
| BVI.EU GBP Belgrade Wavre | €3.8m | €71,064 | 9.5% | 0 |
| AYA PROPERTIES Sint-Gillis (bij-Brussel) | €3.3m | €251,801 | 31.1% | 0.5 |
| BILT Bierbeek | €4.8m | €209,599 | 44.5% | 0 |
| LANTERNEAU Brussels | €3.6m | €406,244 | 0.3% | 0 |
| BVI.EU GREEN BUSINESS PARK KORTESSEM Kontich | €5.3m | €267,005 | 4.0% | 0 |
These companies have the same main activity as AEF Construct: development of non-residential building projects (NACE 68122). They are comparable in size and age: total assets between €3.3m and €11m, founded between 2014 and 2023.
Official details
Source: KBO- Status
- Active since 11-03-2020Normal situation
- Activity
- Development of non-residential building projectsNACE 68122and 1 other
- Establishment unit
- 2.300.366.0843071 Kortenberg, since 11-03-2020
- Financial year end
- 31 December
- Peppol
- Reachable since 21-10-2026
Insights on AEF Construct
AEF Construct files the abbreviated format. That format states no turnover. The gross margin rose from -€213,466 in 2021 to €83,383 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about AEF Construct
- What is the company number of AEF Construct?
- The company number of AEF Construct is 0744.977.420. The VAT number is the same number with BE in front: BE 0744.977.420.
- Where is AEF Construct based?
- The registered office is at Engerstraat 89, 3071 Kortenberg.Company details
- What does AEF Construct do?
- According to the KBO register, the main activity is development of non-residential building projects (NACE 68122).
- What is the legal form of AEF Construct?
- AEF Construct is a private limited company (BV).
- When was AEF Construct founded?
- AEF Construct was founded on 11-03-2020.
- Is AEF Construct still active?
- Yes, AEF Construct is an active enterprise in the KBO register.
- How many employees does AEF Construct have?
- AEF Construct had an average of 0.4 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- What is the turnover of AEF Construct?
- The turnover in financial year 2025 is ≈ €220,000. This figure is estimated from the gross margin of €83,383 and 48 comparable companies (NACE 681). It probably lies between €110,000 and €510,000.
- Is AEF Construct profitable?
- In financial year 2025, AEF Construct made a loss of €16,257.
- Where can I find the annual accounts of AEF Construct?
- AEF Construct filed 5 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of AEF Construct due?
- AEF Construct must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
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