AEGIR PROJECTS

Active

Private limited companyfounded 20215 yrs activeVissenakenstraat(VSN) 149, 3300 Tienen, BelgiumKBO/BCE: BE 0767.873.180

The computed 12-month bankruptcy probability of AEGIR PROJECTS is 2.0% (moderate). The 2025 annual accounts show equity of €77k and a net result of €33k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 35% of 7757 sector peers (fiscal year 2025). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.

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Checked score

Score 2025

61 / 100

Healthy

The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.

Axes · tick = 2024

Profitability86▼-6

Solvency57▲+18

Growth52▼-6

Track record94

Bankruptcy probability, 12 months

2.0% Moderate

0%0.5%1.5%4%10%≥ 25%

Credit up to €4.5k at 30 days acceptable

Liquidity short (current ratio 0.73 against 0.77 in 2024; short-term debt: 53.8% of total assets), and 67.8% of the assets are financed with debt.

How do we compute the score and the probability?

Credit advice for your own amount and term

Signals

Six signals. The signal on the left, the evidence on the right.

−lowers risk+raises risk○neutral

Limited track record

This company has not been active as long as an established one and statistically fails somewhat more often.

KBO · incorporation date

Age against the risk zone

Higher-failure-rate sector

In this sector companies fail more often than the Belgian average.

Gazette · bankruptcies per sector, NACE 43

Relative position

BE, all sectors

reference

Sector 43

higher

← fewer bankruptcies more bankruptcies →

Annual accounts: healthy financial profile

The latest annual accounts show a healthy profile in solvency, result and liquidity.

NBB · annual accounts 2025

Solvency, return and age of the figures

Solvency

32.2%

Return on assets

13.7%

Age of the figures

9 mo

Latest accounts filed on time

The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 30-06-2026, 31 days ahead of the deadline.

NBB · 4 filings

Deviation from the deadline

2025

31 d early

2024

24 d early

2023

28 d early

2022

21 d early

← before the deadline after the deadline →

The next deadline is still running

The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.

Companies Code · seven months

Position in the running window

20-09-2026 today31-12-2026 close31-07-2027 deadline

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

Financials · fiscal year 2025, abbreviated schema

Equity

€77k▲ 74.0%

2024 · €44k

2022: €57k 2023: €-13k 2024: €44k

2022 → 2025

Total assets

€239k▼ 24.1%

2024 · €315k

2022: €321k 2023: €356k 2024: €315k

2022 → 2025

Net result

€33k▼ 42.9%

2024 · €57k

2022: €42k 2023: €-70k 2024: €57k

2022 → 2025

Working capital

€-35k▲ 15.0%

2024 · €-41k

2022: €36k 2023: €-90k 2024: €-41k

2022 → 2025

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line2022202320242025Trend

Equity€57k-€-13k€44k€77k▲ 74.0%

Operating result€61k-€-61k€73k€58k▼ 21.0%

Net result€42k-€-70k€57k€33k▼ 42.9%

Turnover and EBIT margin not published: the abbreviated schema does not require them.

Result per fiscal year

Operating resultNet result

The operating result falls in 2025; 2025 is 21% below 2024.

Balance-sheet composition

2025 in colour, 2024 as the grey bar beneath

Assets €239k

60.7%

39.3%

Fixed assets €145k▼ 19.9%

Current assets €94k▼ 29.8%

Equity and liabilities €239k

32.2%

67.8%

Equity €77k▲ 74.0%

Debt €162k▼ 40.1%

The debt ratio falls from 86.0% to 67.8%. Equity is higher and debt is lower.

Key figures and ratios

2025 value · change against 2024

EBITDA

€102k▼

2024 · €118k

Cash flow

€77k▼

2024 · €102k

Solvency

32.2%▲

2024 · 14.0%

Current ratio

0.73▼

2024 · 0.77

Quick ratio

0.73▼

2024 · 0.77

Debt / equity

2.11▼

2024 · 6.12

ROE

42.5%▼

2024 · 129.7%

ROA

13.7%▼

2024 · 18.2%

Interest coverage

8.08▲

2024 · 7.78

Debt

€162k▼

2024 · €271k

Debt ≤ 1 year

€129k▼

2024 · €175k

Debt > 1 year

€33k▼

2024 · €94k

Income taxes

€13k▲

2024 · €651

Staff costs

€102k▲

2024 · €21k

Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.

Filed annual accounts

As filed with the NBB · 2025 against 2024

Balance sheet Code20242025

Assets

Total assets20/58€315k€239k▼

Fixed assets21/28€181k€145k▼

Intangible fixed assets21€47k€40k▼

Tangible fixed assets22/27€134k€105k▼

Plant, machinery and equipment23€5k€5k▲

Furniture and vehicles24€129k€96k▼

Other tangible fixed assets26-€3k

Current assets29/58€134k€94k▼

Amounts receivable within one year40/41€129k€92k▼

Trade receivables40€97k€65k▼

Other amounts receivable41€32k€27k▼

Current investments50/53€2k€0▼

Deferred charges and accrued income490/1€4k€2k▼

Equity and liabilities

Total equity and liabilities10/49€315k€239k▼

Equity10/15€44k€77k▲

Contributions10/11€15k€15k=

Reserves13€42k€62k▲

Distributable reserves133€42k€62k▲

Profit (loss) carried forward14€-13k€0▲

Amounts payable17/49€271k€162k▼

Amounts payable after more than one year17€94k€33k▼

Financial debts170/4€94k€33k▼

Amounts payable within one year42/48€175k€129k▼

Current portion of amounts payable after more than one year42€59k€61k▲

Financial debts43€20k€21k▲

Credit institutions430/8€20k€11k▼

Other loans439€0€10k▲

Trade debts44€83k€38k▼

Suppliers440/4€83k€38k▼

Taxes, remuneration and social security45€13k€9k▼

Taxes450/3€8k€4k▼

Remuneration and social security454/9€5k€5k▼

Accrued charges and deferred income492/3€2k€300▼

Income statement Code20242025

Non-recurring operating income76A€32k€0▼

Remuneration, social security and pensions62€21k€102k▲

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€45k€45k▼

Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€33k€0▼

Other operating charges640/8€10k€5k▼

Gross operating margin9900€182k€209k▲

Operating profit (loss)9901€73k€58k▼

Financial income75/76B€154€723▲

Recurring financial income75€154€723▲

Financial charges65/66B€15k€13k▼

Recurring financial charges65€15k€13k▼

Profit (loss) for the period before taxes9903€58k€46k▼

Income taxes67/77€651€13k▲

Profit (loss) for the period9904€57k€33k▼

Profit (loss) for the period to be appropriated9905€57k€33k▼

Appropriation of the result

Profit (loss) to be appropriated9906€-13k€20k▲

Profit (loss) brought forward from the previous period14P€-70k€-13k▲

Transfer to equity691/2-€20k

To other reserves6921-€20k

Social balance

Average headcount (FTE)90870.52.3▲

The notes to these accounts (20 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

All 6Financial 2Filings 4

Next filing, fiscal year 2026, expected by 31-07-2027

2026

30-06

NBB filing Annual accounts filed

fiscal year 2025 · abbreviated schema

2025

07-07

NBB filing Annual accounts filed

fiscal year 2024 · abbreviated schema

2024

31-12

Financial Back to profitnet €57k

Net result €57k after one loss-making year.

03-07

NBB filing Annual accounts filed

fiscal year 2023 · abbreviated schema

2023

31-12

Financial Weakest financial yearnet €-70k ▼267%

Net result drops to €-70k, the lowest in the series; recovery starts the following year.

10-07

NBB filing Annual accounts filed

fiscal year 2022 · abbreviated schema

Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Directors · office · real estate

Directors

1 act for this company is 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, Tienen · 1 establishment unit since 2021

establishment The establishment unit on the map

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.

Vissenakenstraat(VSN) 1493300 Tienen

Ground area

182 m²

Building footprint

124 m²

Volume, LiDAR

890 m³

Parcel 24107B0148/00H007, Flanders · tallest building 9.8 m, ±3 floors. Linked by address, not a title deed.

1 establishment unit

AEGIR PROJECTS

Vissenakenstraat(VSN) 149, 3300 TienenCivil engineering

since 20212.317.400.373

1 parcel

Flanders 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
24107B0148/00H007	Flanders	182 m²	1 · 124 m²	9.8 m · 3 fl.

Linked by address, not proof of ownership

Methodology

via registered seat: 1

1 of 1 parcel with an exact address match; the rest are indicative.

Linked through address data, this is not proof of ownership.

Recognitions · licences · registrations

Recognised contractor

1 category

AEGIR PROJECTS BV45560

category G, class 1

decision 05-11-2025

Similar companies · same sector, comparable size

Of 8,456 companies in sector 43120 we hold annual accounts for 3,233. 2,608 are within a factor 10 of this equity.See the whole sector

Company data · Crossroads Bank

Identification

Legal formPrivate limited company

Founded05-05-2021

Fiscal year end31-12

Activities, NACEBEL

43120Site preparation

43331Floor and wall tiling

85599Other education

93299Other amusement and recreation activities

Sources

Crossroads Bank for EnterprisesNational Bank · 4 filingsAddress and cadastre registers

Data from official sources, last processed on 19-09-2026. Scores and ratios are computed by Checked and are not a credit decision.