AENOA
ActiveThe file of AENOA contains 2 historical bankruptcy publications, as published in the Belgian State Gazette.
Summary
The computed 12-month bankruptcy probability is 2.5% (moderate). The 2025 annual accounts show negative equity (-€45,279) and a net result of -€959. The figures fluctuate too strongly year-on-year for a reliable trend projection.
Checked score
Score 2025
Axes · tick = 2024
Profitability0=
Solvency0=
Growth58▲+26
Track record85
Bankruptcy probability, 12 months
2.5%
Moderate
0%0.5%1.5%4%10%≥ 25%
No credit on open account
balance sheet total too small for a liquidity verdict, and equity is negative.
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Signals
Eight signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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 2025Age of the figures
Age of the figures
9 mo
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 · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
192021222425
2019 to 2025 · latest year -€45,279
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 28-04-2026, 94 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
94 d early
2024
115 d early
2022
193 d late
2021
52 d early
2020
26 d late
2019
7 d late
2018
193 d late
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 7 accounts on average 23 days after the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
Checked, nothing found (2)
neutral · 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. Usually files around 19 May (3 of the last 4 filed years within 42 days of that day).
Companies Code · seven monthsPosition in the running window
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
-€45,279▼ 2.2%
2024 · -€44,320
Total assets
€1,363▼ 10.5%
2024 · €1,522
Net result
-€959▲ 94.8%
2024 · -€18,493
Working capital
-€45,279▼ 2.2%
2024 · -€44,320
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220242025
Operating result-€1,290▼ 3.8%-€56,551▼ 4,285%-€37,666▲ 33.4%-€18,057--€916▲ 94.9%
Net result-€1,290▼ 1.1%-€54,420▼ 4,120%-€36,185▲ 33.5%-€18,493--€959▲ 94.8%
Equity€55,728▼ 2.3%€1,308▼ 97.7%-€25,827-€44,320--€45,279▼ 2.2%
Total assets€78,085▼ 1.1%€40,245▼ 48.5%€23,360▼ 42.0%€1,522-€1,363▼ 10.5%
Debt€22,357▲ 1.8%€38,937▲ 74.2%€49,187▲ 26.3%€45,842-€46,642▲ 1.7%
Working capital€55,736▼ 0.7%-€9,413-€36,549▼ 288%-€44,320--€45,279▼ 2.2%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €916 in 2025 against €18,057 in 2024; the loss shrinks.
Key figures and ratios
Debt ≤ 1 year
€46,642▲
2024 · €45,842
Ratios withheld: a balance sheet total of €1,363 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 6,639 companies that looked in July 2024 the way this one looks now, 4.1% went bankrupt within 24 months and 84% are still going.
- Micro
- 20 years or older
- negative equity
- a loss of 10% of the balance sheet or more
4.1%
went bankrupt
9.8%
stopped otherwise
84%
still going
A further 2.0% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 2.5% 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 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% 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 6,639 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 | 2020 | 2021 | 2022 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €892 | €10,721 | €3,574 | €10,722 | - | - |
| Other operating charges640/8 | - | €4,144 | €348 | - | €50 | - |
| Gross operating margin9900 | -€50 | -€41,685 | -€33,745 | -€7,336 | -€866 | ▲ 88.2% |
| Operating profit (loss)9901 | -€1,290 | -€56,551 | -€37,666 | -€18,057 | -€916 | ▲ 94.9% |
| Financial income75/76B | - | €140 | - | €13 | - | - |
| Recurring financial income75 | - | €140 | - | €13 | - | - |
| Financial charges65/66B | - | €409 | €919 | €448 | €44 | ▼ 90.3% |
| Recurring financial charges65 | - | €409 | €919 | €448 | €44 | ▼ 90.3% |
| Profit (loss) for the period before taxes9903 | -€1,290 | -€56,820 | -€38,585 | -€18,493 | -€959 | ▲ 94.8% |
| Income taxes67/77 | - | -€2,400 | -€2,400 | - | - | - |
| Profit (loss) for the period9904 | -€1,290 | -€54,420 | -€36,185 | -€18,493 | -€959 | ▲ 94.8% |
| Profit (loss) for the period to be appropriated9905 | -€1,290 | -€54,420 | -€36,185 | -€18,493 | -€959 | ▲ 94.8% |
| Line | 2020 | 2021 | 2022 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €78,085 | €40,245 | €23,360 | €1,522 | €1,363 | ▼ 10.5% |
| Fixed assets21/28 | - | €10,722 | €10,722 | - | - | - |
| Tangible fixed assets22/27 | - | €10,722 | €10,722 | - | - | - |
| Plant, machinery and equipment23 | - | €1,697 | €1,697 | - | - | - |
| Furniture and vehicles24 | - | €9,025 | €9,025 | - | - | - |
| Current assets29/58 | €78,085 | €29,523 | €12,638 | €1,522 | €1,363 | ▼ 10.5% |
| Stocks and contracts in progress3 | - | €8,820 | €8,820 | - | - | - |
| Stocks30/36 | - | €8,820 | €8,820 | - | - | - |
| Amounts receivable within one year40/41 | €70,601 | €13,855 | €2,093 | - | - | - |
| Trade receivables40 | - | €12,306 | - | - | - | - |
| Other amounts receivable41 | - | €1,549 | €2,093 | - | - | - |
| Cash at bank and in hand54/58 | €7,377 | €6,848 | €1,725 | €1,522 | €1,363 | ▼ 10.5% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €78,085 | €40,245 | €23,360 | €1,522 | €1,363 | ▼ 10.5% |
| Equity10/15 | €55,728 | €1,308 | -€25,827 | -€44,320 | -€45,279 | ▼ 2.2% |
| Contributions10/11 | €62,000 | €62,000 | €62,000 | €62,000 | €62,000 | = |
| Capital10 | - | €62,000 | €62,000 | €62,000 | €62,000 | = |
| Issued capital100 | - | €62,000 | €62,000 | €62,000 | €62,000 | = |
| Reserves13 | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Non-distributable reserves130/1 | - | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Legal reserve130 | - | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Profit (loss) carried forward14 | -€12,472 | -€66,892 | -€94,027 | -€112,520 | -€113,479 | ▼ 0.9% |
| Amounts payable17/49 | €22,357 | €38,937 | €49,187 | €45,842 | €46,642 | ▲ 1.7% |
| Amounts payable within one year42/48 | €22,350 | €38,937 | €49,187 | €45,842 | €46,642 | ▲ 1.7% |
| Trade debts44 | €9,374 | - | €8,848 | - | €800 | - |
| Suppliers440/4 | - | - | €8,848 | - | €800 | - |
| Taxes, remuneration and social security45 | - | €3,937 | €3,089 | €3,342 | €3,342 | = |
| Taxes450/3 | - | €3,937 | €3,089 | €3,342 | €3,342 | = |
| Other amounts payable47/48 | - | €35,000 | €37,250 | €42,500 | €42,500 | = |
| Line | 2020 | 2021 | 2022 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€1,290 | -€54,420 | -€36,185 | -€18,493 | -€959 | ▲ 94.8% |
| + Depreciation and write-downs630 | €892 | €10,721 | €3,574 | €10,722 | - | - |
| Operating cash flow (approximation) | -€398 | -€43,699 | -€32,612 | -€7,772 | -€959 | ▲ 87.7% |
| Investment in fixed assets (approximation) | - | - | -€3,574 | - | - | - |
| Change in cash | - | -€529 | -€5,123 | - | -€159 | - |
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
28-04
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
07-04
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
09-02
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 193 days late
2022
09-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Weakest financial yearnet -€54,420
Net result drops to -€54,420, the lowest in the series; recovery starts the following year.
26-02
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 26 days late
2020
07-02
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 7 days late
2019
03-10
Bankruptcy
Bankruptcy reversal
Tribunal de l’entreprise francophone de Bruxelles · event 24-09-2019
12-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 193 days late
19-07
Bankruptcy
Opening
Tribunal de l’entreprise francophone de Bruxelles · event 15-07-2019
2018
03-01
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2016
28-07
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
2015
29-12
NBB filing
Annual accounts filed
fiscal year 2015 · full schema
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 12 acts read
About the unread acts
We know of 12 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
12 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, Elsene · 1 establishment unit since 1993
Ground area
152 m²
Building footprint
145 m²
Volume, LiDAR
2,458 m³
Parcel 21807G0215/00H000, Brussels · tallest building 35.9 m, ±6 floors. Linked by address, not a title deed.
9
companies at this address
See who is registered here
1 establishment unit
CESAR COUTURE
since 19932.063.126.157
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21807G0215/00H000 ProtectedMonumentTweede zetel van de Gestapo |
Brussels | 152 m² | 1 · 145 m² | 35.9 m · 6 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
1 of these parcels carry protected heritage: expect extra rules on renovation or sale.
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | CHARLES-HENRI SPRINGUEL AVENUE LOUISE 349,
1050 BRUXELLES 5 |
15-07-2019 → 24-09-2019 |
Identification & contact
Identification
Legal formPublic limited company
Founded26-07-1991
Fiscal year end31-12
E-invoicing
Reachable via Peppol
Peppol ID
0208:0444813888
Registered
14-04-2026
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.