AEGIR
ActiveSummary
AEGIR has been active since 1996 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €320 and a net result of -€461. Equity is shrinking by ~25.2% per year and would, assuming unchanged policy, indicatively turn negative around fiscal year 2026. Its solvency ranks better than 21% of 11547 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability65▼-35
Solvency27▼-17
Growth32▼-26
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
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Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
2.2%
Return on assets
-3.1%
Age of the figures
12 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Wholesale trade (NACE 46)
about 21% more bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 21% of 11547 sector peers (2025).
NBB · sector comparisonPosition among 11547 sector peers
Solvency
better than 21%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 26-03-2026, 35 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
35 d early
2024
86 d early
2023
85 d early
2022
39 d early
2021
71 d early
2020
88 d early
2019
77 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 69 days before the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 39% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today. Usually files around 18 February (4 of the last 5 filed years within 32 days of that day).
Companies Code · seven monthsPosition in the running window
30-09-2026 close30-09-2026 today30-04-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€320▼ 95.3%
2024 · €6,781
Total assets
€14,717▼ 58.9%
2024 · €35,803
Net result
-€461
2024 · €20,886
Working capital
-€2,628▲ 42.3%
2024 · -€4,555
Trend over the years
In euros
In per cent
Ratio
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 46, Wholesale trade, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€47,805▼ 7.5%€33,159▼ 30.6%€30,579▼ 7.8%€27,483▼ 10.1%€590▼ 97.9%
Net result€34,429above the sector's middle half▼ 6.5%€21,323within the sector's middle half▼ 38.1%€22,002within the sector's middle half▲ 3.2%€20,886within the sector's middle half▼ 5.1%-€461within the sector's middle half
Equity€31,823within the sector's middle half▼ 3.9%€17,432within the sector's middle half▼ 45.2%€18,005within the sector's middle half▲ 3.3%€6,781within the sector's middle half▼ 62.3%€320below the sector's middle half▼ 95.3%
Total assets€158,662within the sector's middle half▼ 9.1%€115,028within the sector's middle half▼ 27.5%€74,206within the sector's middle half▼ 35.5%€35,803below the sector's middle half▼ 51.8%€14,717below the sector's middle half▼ 58.9%
Debt€126,838▼ 10.3%€97,596▼ 23.1%€56,200▼ 42.4%€29,022▼ 48.4%€14,397▼ 50.4%
Working capital€1,867within the sector's middle half€564within the sector's middle half▼ 69.8%-€5,310within the sector's middle half-€4,555within the sector's middle half▲ 14.2%-€2,628within the sector's middle half▲ 42.3%
Solvency20.1%within the sector's middle half▲ 1.1pp15.2%within the sector's middle half▼ 4.9pp24.3%within the sector's middle half▲ 9.1pp18.9%within the sector's middle half▼ 5.3pp2.2%below the sector's middle half▼ 16.8pp
Current ratio1.03within the sector's middle half▲ 0.131.01within the sector's middle half▼ 0.020.90below the sector's middle half▼ 0.100.84below the sector's middle half▼ 0.060.81below the sector's middle half▼ 0.03
Return on assets (ROA)21.7%above the sector's middle half▲ 0.6pp18.5%above the sector's middle half▼ 3.2pp29.7%above the sector's middle half▲ 11.1pp58.3%above the sector's middle half▲ 28.7pp-3.1%within the sector's middle half▼ 61.5pp
above
within
below
the middle half (P25 to P75) of NACE 46, Wholesale trade, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen four years in a row; 2025 is 98% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €14,717
Fixed assets
€3,192 ▼ 73.2%
Current assets
€11,525 ▼ 51.7%
Equity and liabilities €14,717
Equity
€320 ▼ 95.3%
Debt
€14,397 ▼ 50.4%
Debt's share of the balance-sheet total rises from 81.1% to 97.8%. Equity and debt are lower.
Key figures and ratios
EBITDA
€1,966▼
2024 · €41,048
Cash flow
€915▼
2024 · €34,452
Interest coverage
12.79▼
2024 · 52.87
Debt ≤ 1 year
€14,153▼
2024 · €28,431
Debt > 1 year
€243=
2024 · €243
Income taxes
€898▼
2024 · €6,438
Equity ratios withheld: equity of €320 is too small for a meaningful ratio.
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 974 companies that looked in July 2024 the way this one looks now, 2.3% went bankrupt within 24 months and 93% are still going.
- Micro
- 20 years or older
- solvency under 10%
- a small loss
2.3%
went bankrupt
4.5%
stopped otherwise
93%
still going
A further 0.5% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.7% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,340 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.0% |
| 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% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 974 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €50,129 | €41,471 | €34,518 | €13,566 | €1,376 | ▼ 89.9% |
| Other operating charges640/8 | - | €4,235 | €3,471 | €4,176 | €6,518 | ▲ 56.1% |
| Non-recurring operating charges66A | - | - | - | - | €7,360 | - |
| Gross operating margin9900 | €102,911 | €78,866 | €68,568 | €45,224 | €15,844 | ▼ 65.0% |
| Operating profit (loss)9901 | €47,805 | €33,159 | €30,579 | €27,483 | €590 | ▼ 97.9% |
| Financial income75/76B | - | - | €11 | €618 | €0 | ▼ 100% |
| Recurring financial income75 | €44 | - | €11 | €618 | €0 | ▼ 100% |
| Financial charges65/66B | - | €3,694 | €1,792 | €776 | €154 | ▼ 80.2% |
| Recurring financial charges65 | €4,096 | €2,787 | €1,792 | €776 | €154 | ▼ 80.2% |
| Non-recurring financial charges66B | - | €907 | - | - | - | - |
| Profit (loss) for the period before taxes9903 | €44,405 | €29,465 | €28,798 | €27,325 | €437 | ▼ 98.4% |
| Income taxes67/77 | €9,976 | €8,143 | €6,795 | €6,438 | €898 | ▼ 86.1% |
| Profit (loss) for the period9904 | €34,429 | €21,323 | €22,002 | €20,886 | -€461 | ▼ 102% |
| Profit (loss) for the period to be appropriated9905 | €34,429 | €21,323 | €22,002 | €20,886 | -€461 | ▼ 102% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €158,662 | €115,028 | €74,206 | €35,803 | €14,717 | ▼ 58.9% |
| Fixed assets21/28 | €86,742 | €46,716 | €23,906 | €11,927 | €3,192 | ▼ 73.2% |
| Tangible fixed assets22/27 | €85,934 | €45,907 | €23,098 | €11,119 | €2,384 | ▼ 78.6% |
| Land and buildings22 | - | €20,124 | €10,631 | €7,360 | €0 | ▼ 100% |
| Plant, machinery and equipment23 | - | €3,672 | €1,370 | €1,072 | €783 | ▼ 27.0% |
| Furniture and vehicles24 | - | €22,111 | €11,097 | €2,687 | €1,601 | ▼ 40.4% |
| Financial fixed assets28 | €808 | €808 | €808 | €808 | €808 | = |
| Current assets29/58 | €71,919 | €68,313 | €50,300 | €23,876 | €11,525 | ▼ 51.7% |
| Amounts receivable after more than one year29 | - | - | €10,000 | - | - | - |
| Other amounts receivable291 | - | - | €10,000 | - | - | - |
| Amounts receivable within one year40/41 | €16,921 | €25,464 | €14,191 | €7,565 | €4,346 | ▼ 42.6% |
| Trade receivables40 | - | €24,120 | €13,616 | €7,565 | €596 | ▼ 92.1% |
| Other amounts receivable41 | - | €1,344 | €575 | - | €3,750 | - |
| Cash at bank and in hand54/58 | €54,895 | €40,189 | €25,051 | €16,311 | €4,611 | ▼ 71.7% |
| Deferred charges and accrued income490/1 | - | €2,659 | €1,058 | - | €2,568 | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €158,662 | €115,028 | €74,206 | €35,803 | €14,717 | ▼ 58.9% |
| Equity10/15 | €31,823 | €17,432 | €18,005 | €6,781 | €320 | ▼ 95.3% |
| Contributions10/11 | - | €12,395 | €12,395 | - | - | - |
| Reserves13 | €1,859 | €1,859 | €1,859 | - | - | - |
| Non-distributable reserves130/1 | - | €1,859 | €1,859 | - | - | - |
| Reserves not available under the articles1311 | - | €1,859 | €1,859 | - | - | - |
| Profit (loss) carried forward14 | €17,569 | €3,178 | €3,752 | €6,781 | €320 | ▼ 95.3% |
| Amounts payable17/49 | €126,838 | €97,596 | €56,200 | €29,022 | €14,397 | ▼ 50.4% |
| Amounts payable after more than one year17 | €56,439 | €29,500 | €243 | €243 | €243 | = |
| Financial debts170/4 | - | €29,257 | - | - | - | - |
| Other amounts payable178/9 | - | €243 | €243 | €243 | €243 | = |
| Amounts payable within one year42/48 | €70,052 | €67,749 | €55,609 | €28,431 | €14,153 | ▼ 50.2% |
| Current portion of amounts payable after more than one year42 | - | €26,933 | €29,257 | €2,253 | €0 | ▼ 100% |
| Trade debts44 | €4,147 | €1,885 | €2,836 | €1,757 | €4,910 | ▲ 179% |
| Suppliers440/4 | - | €1,885 | €2,836 | €1,757 | €4,910 | ▲ 179% |
| Taxes, remuneration and social security45 | - | €13,931 | €8,517 | €11,921 | €3,243 | ▼ 72.8% |
| Taxes450/3 | - | €13,931 | €8,517 | €11,921 | €3,243 | ▼ 72.8% |
| Other amounts payable47/48 | - | €25,000 | €15,000 | €12,500 | €6,000 | ▼ 52.0% |
| Accrued charges and deferred income492/3 | - | €348 | €348 | €348 | €0 | ▼ 100% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €34,429 | €21,323 | €22,002 | €20,886 | -€461 | ▼ 102% |
| + Depreciation and write-downs630 | €50,129 | €41,471 | €34,518 | €13,566 | €1,376 | ▼ 89.9% |
| Operating cash flow (approximation) | €84,558 | €62,794 | €56,520 | €34,452 | €915 | ▼ 97.3% |
| Investment in fixed assets (approximation) | - | -€1,445 | -€11,708 | -€1,587 | €7,360 | ▲ 564% |
| Change in cash | - | -€14,706 | -€15,139 | -€8,740 | -€11,700 | ▼ 33.9% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
26-03
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
30-09
Financial
Weakest financial yearnet -€461
Net result drops to -€461, the lowest in the series.
03-02
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
05-02
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
22-03
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
18-02
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
01-02
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
30-09
Financial
Highest result since 2018net €36,834 ▲47%
Operating result €51,687, net result €36,834, both a record.
13-02
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
14-03
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
05-02
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
09-03
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
2 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Braine-l'Alleud · 1 establishment unit since 1996
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Av Grande Jonction 8B1420 Braine-l'Alleud1 establishment unit
AEGIR
since 19962.078.821.549
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Of 1,136 companies in sector 46130 we hold annual accounts for 647. 20 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded04-09-1996
Fiscal year end30-09
Activities, NACEBEL 2025
46130Agents in the wholesale of timber and building materials
46832Wholesale of timber
47521Retail sale of hardware, building materials, paint and glass (general range)
E-invoicing
Reachable via Peppol
Peppol ID
0208:0458729232
Also
9925:BE0458729232
Registered
11-08-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 30 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.