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Aeque

Active
Private limited companyfounded 2021active for 5 yearsBrasschaatsebaan 78, 2970 Schilde, BelgiumKBO/BCE: BE 0762.822.450
Summary

Aeque has been active since 2021 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €10,000 and a net result of €101,098. Equity fluctuates too strongly from year to year to read a trend from it. Its solvency ranks better than 10% of 15,759 sector peers (NACE 69, financial year 2025). The computed 12-month bankruptcy probability is below 0.1% (very low).

Overview

Overview

Official details

Source: KBO
Status
Active since 02-02-2021 Normal situation
Activity
Activities of lawyers NACE 69101
Establishment unit
2.313.655.777 2970 Schilde, since 02-02-2021
Financial year end
31 December
Peppol
Reachable since 29-12-2025

Board and ownership

Board
  • Magerman AnDirector · since 02-02-2021

Financial position

92 Excellent Checked score 2025
Bankruptcy probabilitywithin 12 months
< 0.1%
Annual accounts 2025
Gross margin
€137,328
▼ 19.6%
Turnover
≈ €240,000
estimated
Profit
€101,098
▼ 17.7%
Equity
€10,000
▼ 65.8%
Total assets
€160,242
▼ 30.5%
Filed on 31-03-2026, 122 days before the deadline
Score breakdownraises riskEquity €10,000 (6.2% of total assets)lowers riskSector: Legal and accounting activities (NACE 69)Liquidity: current ratio 1.08, cash €84,465, halvedSize: total assets €160,242Show the evidence

Checked score

Score 2025
92 / 100
Excellent
Probability in this band: under 0.55%
Financially stronger than 32% of micro companies in legal and accounting (NACE 69)
Financial strength · tick: 2024
Average
Solvency 31-7
equity 6.2% of total assets
Liquidity 50-2
short-term debt 90.2% · cash 52.7%
Profitability 100=
return on assets 63.1%
Bankruptcy probability within 12 months
< 0.1% Very low
0%0.5%1.5%4%10%≥ 25%

Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median < 0.1% (20,087 companies, NACE 69, micro)
Last 24 months 12-2024: < 0.1% 01-2025: < 0.1%● unchanged vs 12-2024 02-2025: < 0.1%● unchanged vs 01-2025lowest value 03-2025: < 0.1%● unchanged vs 02-2025 04-2025: < 0.1%● unchanged vs 03-2025 05-2025: < 0.1%● unchanged vs 04-2025 06-2025: < 0.1%● unchanged vs 05-2025 07-2025: < 0.1%● unchanged vs 06-2025 08-2025: < 0.1%● unchanged vs 07-2025 09-2025: < 0.1%● unchanged vs 08-2025 10-2025: < 0.1%● unchanged vs 09-2025 11-2025: < 0.1%● unchanged vs 10-2025 12-2025: < 0.1%● unchanged vs 11-2025 01-2026: < 0.1%● unchanged vs 12-2025 02-2026: < 0.1%● unchanged vs 01-2026 03-2026: < 0.1%● unchanged vs 02-2026 04-2026: < 0.1%● unchanged vs 03-2026 05-2026: < 0.1%● unchanged vs 04-2026 06-2026: < 0.1%● unchanged vs 05-2026 07-2026: < 0.1%● unchanged vs 06-2026 08-2026: < 0.1%● unchanged vs 07-2026 09-2026: < 0.1%● unchanged vs 08-2026 10-2026: < 0.1%● unchanged vs 09-2026highest value 11-2026: < 0.1%● unchanged vs 10-2026highest value
Credit of up to €500 on 30-day terms is acceptable
Liquidity is tight, with a current ratio of 1.08 (1.09 in 2024), below the usual 1.5. Short-term debt is 90.2% and cash 52.7% of total assets. 93.8% of the assets are financed with debt and provisions.
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 69, micro). It does better than 12% of them on solvency, 28% on liquidity, 82% on profitability and 8% on growth.

The bankruptcy probability was computed on 01-11-2026 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).

Credit check for an amount and term of your choice

Show the recommended maximum and see how the verdict changes with amount, term and advance.

The scores and ratios are Checked's own calculations, not a credit decision.

Signals

Six signals.
lowers riskraises riskneutral
lowers risk · Sector: Legal and accounting activities (NACE 69)
KBO
lowers risk · Liquidity: current ratio 1.08, cash €84,465, halved
NBB · annual accounts
lowers risk · Size: total assets €160,242
Companies of this size fail less often. How much that weighs depends on the rest of the company's profile.
NBB · annual accounts
raises risk · Equity €10,000 (6.2% of total assets)
NBB · annual accounts
raises risk · Weak solvency compared with the sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 10% of 15759 sector peers (2025).
NBB · sector comparison
Position among 15759 sector peers
Solvency
better than 10%
← weakest strongest →
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 31-03-2026, 122 days ahead of the deadline.
NBB · 5 filings
Deviation from the deadline
2025
122 days early
2024
20 days early
2023
19 days early
2022
33 days early
2021
26 days early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

The company filed its last 5 accounts on average 44 days before the deadline. In the sector (NACE 69), the median for financial year 2024 was 9 days before the deadline, and 32% of those companies filed late.

Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 5 July (4 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven months
Where today falls in the filing period
02-11-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
That holds for every publication since 2021.
KBO publications

Financials

Financials · financial year 2025, micro format

Annual accounts 2025 filed on 31-03-2026 PDF all 5 filings

Turnover
≈ €240,000
Estimated: probably between €190,000 and €360,000
Total assets
€160,242▼ 30.5%
2024 · €230,663
Net result
€101,098▼ 17.7%
2024 · €122,894
Working capital
€11,219▼ 40.5%
2024 · €18,842
Trend over the years

2021 to 2025, 5 financial years

The operating result for 2025 is 19% lower than in 2024.

Operating result€130,332 2025 Net result€101,098 2025

Turnover is what the company sold, the result is what was left of it. A loss stands below the zero line.

Use the arrow keys on the chart for the figures per year.

The sector band is the middle half of the companies in Legal and accounting activities (NACE 69). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30. The dashed line is the median. There is a sector band for net result, equity, total assets, working capital, solvency, current ratio and return on assets (ROA).

Every figure with its change against the financial year before
favourable unfavourable
Line20212022202320242025
Operating result€31,104-€73,896▲ 138%€85,210▲ 15.3%€160,207▲ 88.0%€130,332▼ 18.6%
Net result€23,923within the sector's middle half-€57,209within the sector's middle half▲ 139%€66,671within the sector's middle half▲ 16.5%€122,894above the sector's middle half▲ 84.3%€101,098above the sector's middle half▼ 17.7%
Equity€33,923below the sector's middle half-€91,132within the sector's middle half▲ 169%€82,803within the sector's middle half▼ 9.1%€29,226below the sector's middle half▼ 64.7%€10,000below the sector's middle half▼ 65.8%
Total assets€49,575below the sector's middle half-€105,287within the sector's middle half▲ 112%€166,118within the sector's middle half▲ 57.8%€230,663within the sector's middle half▲ 38.9%€160,242within the sector's middle half▼ 30.5%
Debt€15,652-€14,155▼ 9.6%€83,315▲ 489%€201,437▲ 142%€150,242▼ 25.4%
Working capital€13,127within the sector's middle half-€76,735within the sector's middle half▲ 485%€72,791within the sector's middle half▼ 5.1%€18,842within the sector's middle half▼ 74.1%€11,219within the sector's middle half▼ 40.5%
Solvency68.4%within the sector's middle half-86.6%above the sector's middle half▲ 18.1pp49.8%within the sector's middle half▼ 36.7pp12.7%below the sector's middle half▼ 37.2pp6.2%below the sector's middle half▼ 6.4pp
Current ratio1.84within the sector's middle half-6.42above the sector's middle half▲ 4.581.87within the sector's middle half▼ 4.551.09below the sector's middle half▼ 0.781.08below the sector's middle half▼ 0.02
Return on assets (ROA)48.3%above the sector's middle half-54.3%above the sector's middle half▲ 6.1pp40.1%above the sector's middle half▼ 14.2pp53.3%above the sector's middle half▲ 13.1pp63.1%above the sector's middle half▲ 9.8pp
above within below The sector band is the middle half of the companies in Legal and accounting activities (NACE 69). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €160,242
Fixed assets €4,444 ▼ 57.2%
Current assets €155,797 ▼ 29.3%
Equity and liabilities €160,242
Equity €10,000 ▼ 65.8%
Debt €150,242 ▼ 25.4%
Debt's share of the balance-sheet total rises from 87.3% to 93.8%. Equity and debt are lower.
Key figures and ratios
2025 value · change against 2024
EBITDA
€136,272▼
2024 · €169,835
Cash flow
€107,038▼
2024 · €132,521
Debt to equity
15.02▲
2024 · 6.89
Interest coverage
over 100
2024 · over 100
Debt ≤ 1 year
€144,578▼
2024 · €201,437
Income taxes
€29,046▼
2024 · €36,973
A ratio outside any meaningful range has been withheld (balance sheet total €160,242, equity €10,000).
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.

Investments

fixed assets acquired
Item20212022202320242025
Tangible fixed assets€25,595-€3,020€10,000-
Depreciation and write-downs of the year€4,799€6,399€7,405€9,627€5,940

Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)

Subsidies and aid

Flemish government

2022 to 2025 · 4 entries · €458 awarded · €416 paid
Year Entries AwardedPaid
2025 1 €42€0
2024 1 €147€147
2023 1 €74€74
2022 1 €195€195
Schemes
4 entries · €458 · €416 paid · Fonds voor Innoveren en Ondernemen

Comparable companies

These companies have the same main activity as Aeque: activities of lawyers (NACE 69101). They are comparable in size and age: total assets between €149,000 and €175,000, founded between 2020 and 2021.

CompanyFoundedTotal assetsEquityGross marginNet resultFinancial year
Aeque Schilde2021€160,242€10,000€137,328€101,0982025
THE HEDGEHOG AND THE FOX Schilde2020€175,274€128,315€143,968€101,3202025
Advocatenkantoor Céline Wauters Boechout2020€160,189€125,770€135,855€102,7112025
Mathias De Backer Antwerpen2021€149,226€129,962€146,179€111,8952025
DESUTTER FC Puurs-Sint-Amands2020€162,822€109,721€125,207€70,6602025
Alexandre Holvoet Antwerpen2020€157,421€3,000€134,200€84,4682025
CAL Legal Chastre2021€150,389€1,500€130,742€96,8732025

They were chosen from the 9,371 other active companies with that main activity and annual accounts from the past two years. All companies with this main activity

Companies with the same profile, two years later

Historical observation

In July 2024, 2,153 companies had the same profile as Aeque has now. Two years later, 1.7% had gone bankrupt and 96.1% were still going.

  • Micro
  • 5 to 10 years old
  • solvency under 10%
  • a profit of 5% of the balance sheet or more
1.7% went bankrupt
2.2% stopped otherwise
96.1% was still going

The bankruptcy probability of Aeque itself is lower: < 0.1% within 12 months. It rests on far more data about Aeque than the profile alone.

Test of the method

The method was tested on the 497,445 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.

The companies in ten equal groups, from the lowest to the highest expected share
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 2,153 companies, not a prediction for Aeque. 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.

Annual accounts
Filed annual accounts As filed with the NBB · 2025 against 2024 · 43 lines

Source: Annual accounts 2025 (PDF), filed on 31-03-2026.

Balance sheet Code20242025
Assets
Total assets20/58€230,663€160,242▼
Fixed assets21/28€10,384€4,444▼
Tangible fixed assets22/27€10,384€4,444▼
Furniture and vehicles24€2,606€0▼
Other tangible fixed assets26€7,778€4,444▼
Current assets29/58€220,279€155,797▼
Amounts receivable within one year40/41€45,133€43,525▼
Trade receivables40€30,906€27,146▼
Other amounts receivable41€14,227€16,379▲
Cash at bank and in hand54/58€175,147€84,465▼
Deferred charges and accrued income490/1€0€27,807▲
Equity and liabilities
Total equity and liabilities10/49€230,663€160,242▼
Equity10/15€29,226€10,000▼
Contributions10/11€10,000€10,000=
Reserves13€19,226€0▼
Distributable reserves133€19,226€0▼
Profit (loss) carried forward14€0€0=
Amounts payable17/49€201,437€150,242▼
Amounts payable within one year42/48€201,437€144,578▼
Trade debts44€360€153▼
Suppliers440/4€360€153▼
Advances received on contracts in progress46€19,387€6,894▼
Taxes, remuneration and social security45€26,608€26,824▲
Taxes450/3€26,608€23,715▼
Remuneration and social security454/9-€3,109
Other amounts payable47/48€155,082€110,708▼
Accrued charges and deferred income492/3-€5,664
Income statement Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€9,627€5,940▼
Other operating charges640/8€987€1,056▲
Gross operating margin9900€170,822€137,328▼
Operating profit (loss)9901€160,207€130,332▼
Financial income75/76B€51€59▲
Recurring financial income75€51€59▲
Financial charges65/66B€391€247▼
Recurring financial charges65€391€247▼
Profit (loss) for the period before taxes9903€159,867€130,144▼
Income taxes67/77€36,973€29,046▼
Profit (loss) for the period9904€122,894€101,098▼
Profit (loss) for the period to be appropriated9905€122,894€101,098▼
Appropriation of the result
Profit (loss) to be appropriated9906€122,894€101,098▼
Transfer from equity791/2€53,577€19,226▼
Profit to be distributed694/7€176,471€120,324▼
Return on contributions (dividend)694€176,471€120,324▼

The notes to these accounts have 4 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the filed accounts (PDF).

Line20212022202320242025Change
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€4,799€6,399€7,405€9,627€5,940▼ 38.3%
Other operating charges640/8€1,419€530€387€987€1,056▲ 7.0%
Gross operating margin9900€37,323€80,825€93,003€170,822€137,328▼ 19.6%
Operating profit (loss)9901€31,104€73,896€85,210€160,207€130,332▼ 18.6%
Financial income75/76B€0-€162€51€59▲ 15.5%
Recurring financial income75€0-€162€51€59▲ 15.5%
Financial charges65/66B€36€611€193€391€247▼ 36.9%
Recurring financial charges65€36€611€193€391€247▼ 36.9%
Profit (loss) for the period before taxes9903€31,069€73,286€85,179€159,867€130,144▼ 18.6%
Income taxes67/77€7,146€16,077€18,508€36,973€29,046▼ 21.4%
Profit (loss) for the period9904€23,923€57,209€66,671€122,894€101,098▼ 17.7%
Profit (loss) for the period to be appropriated9905€23,923€57,209€66,671€122,894€101,098▼ 17.7%
Line20212022202320242025Change
Assets
Total assets20/58€49,575€105,287€166,118€230,663€160,242▼ 30.5%
Fixed assets21/28€20,796€14,397€10,012€10,384€4,444▼ 57.2%
Tangible fixed assets22/27€20,796€14,397€10,012€10,384€4,444▼ 57.2%
Furniture and vehicles24€20,796€14,397€10,012€2,606€0▼ 100%
Other tangible fixed assets26---€7,778€4,444▼ 42.9%
Current assets29/58€28,779€90,890€156,107€220,279€155,797▼ 29.3%
Amounts receivable within one year40/41€21,804€35,976€36,669€45,133€43,525▼ 3.6%
Trade receivables40€12,950€22,902€18,194€30,906€27,146▼ 12.2%
Other amounts receivable41€8,854€13,073€18,476€14,227€16,379▲ 15.1%
Cash at bank and in hand54/58€6,975€54,914€117,000€175,147€84,465▼ 51.8%
Deferred charges and accrued income490/1--€2,437€0€27,807-
Equity and liabilities
Total equity and liabilities10/49€49,575€105,287€166,118€230,663€160,242▼ 30.5%
Equity10/15€33,923€91,132€82,803€29,226€10,000▼ 65.8%
Contributions10/11€10,000€10,000€10,000€10,000€10,000=
Reserves13€23,923€81,132€72,803€19,226€0▼ 100%
Distributable reserves133€23,923€81,132€72,803€19,226€0▼ 100%
Profit (loss) carried forward14---€0€0-
Amounts payable17/49€15,652€14,155€83,315€201,437€150,242▼ 25.4%
Amounts payable within one year42/48€15,652€14,155€83,315€201,437€144,578▼ 28.2%
Trade debts44-€4,974€3,545€360€153▼ 57.7%
Suppliers440/4-€4,974€3,545€360€153▼ 57.7%
Advances received on contracts in progress46€3,515€7,490€3,670€19,387€6,894▼ 64.4%
Taxes, remuneration and social security45€1,523-€15,000€26,608€26,824▲ 0.8%
Taxes450/3€1,523-€15,000€26,608€23,715▼ 10.9%
Remuneration and social security454/9----€3,109-
Other amounts payable47/48€10,614€1,691€61,101€155,082€110,708▼ 28.6%
Accrued charges and deferred income492/3----€5,664-
Line20212022202320242025Change
Profit (loss) for the period9904€23,923€57,209€66,671€122,894€101,098▼ 17.7%
+ Depreciation and write-downs630€4,799€6,399€7,405€9,627€5,940▼ 38.3%
Operating cash flow (approximation)€28,722€63,608€74,076€132,521€107,038▼ 19.2%
Investment in fixed assets (approximation)-€0-€3,020-€10,000€0-
Change in cash-€47,939€62,086€58,147-€90,682-

A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.

Download as CSV

Filings with the National Bank (5)
Financial year Type Filed Reference Document
31-12-2025 micro format 31-03-2026 2026-00067385 PDF
31-12-2024 micro format 11-07-2025 2025-00266455 PDF
31-12-2023 micro format 12-07-2024 2024-00238273 PDF
31-12-2022 micro format 28-06-2023 2023-00176685 PDF
31-12-2021 micro format 05-07-2022 2022-20131790 PDF

Board & ownership

Directors

Directors
1 director
Magerman An
Director · since 02-02-2021 · listed in the 2025 annual accounts, filed on 31-03-2026
Current

Owners and capital

Network & group

Aeque shares no director with another company.

Companies at the same address

2 other companies

Connections & network

1 current director
Depth

The network starts from the directors of Aeque. Every other company they run is a node.

This company Company Director Shareholding +N: links not shown yet Click a node to look further, drag to arrange, zoom with the mouse wheel.

Timeline

Acts, filings and financial milestones

Deadline for the 2026 accounts: 31-07-2027
2026
31-03
NBB filing Annual accounts 2025 filedPDF
micro format · 122 days before the deadline
2025
11-07
NBB filing Annual accounts 2024 filedPDF
micro format · 20 days before the deadline
2024
31-12
Financial Highest result from 2021 to 2025net €122,894 ▲84.3%
The operating result of €160,207 and the net result of €122,894 are both a record.
12-07
NBB filing Annual accounts 2023 filedPDF
micro format · 19 days before the deadline
2023
28-06
NBB filing Annual accounts 2022 filedPDF
micro format · 33 days before the deadline
2022
31-12
Financial Liquidity more than triplescurrent ratio 6.42
The current ratio rises from 1.84 to 6.42. Short-term debt falls from €15,652 to €14,155.
05-07
NBB filing Annual accounts 2021 filedPDF
micro format · 26 days before the deadline
2021
04-02
Gazette deed IncorporationPDF
Financial milestoneGazette deedNBB filingFinancial milestones sit on the financial year-end date, not the filing date.

Sources:Publications in the Belgian Official GazetteFilings with the National Bank

History

On 2 February 2021, Aeque was incorporated as a private limited company.1 Total assets went from €49,575 in 2021 to €160,242 in 2025.2

  1. 1KBO register
  2. 2National Bank, annual accounts 2021 and 2025

Company details

Register details

Identity

KBO record
Name Aeque in Dutch
Enterprise number 0762.822.450
Legal form Private limited company
Status Active, normale toestand
Founded 02-02-2021
Entity type Legal entity

Registered office and establishments

Registered office Brasschaatsebaan 78, 2970 Schilde, Belgium
Establishment unit Aeque, Brasschaatsebaan 78, 2970 Schilde since 02-02-2021 · unit number 2.313.655.777
E-mail anmagerman@skynet.be

Activities

NACEBEL 2025
69101 Activities of lawyers main activity
Codes under NACEBEL 2008
69101 Activities of lawyers main activity

Invoicing and payment

VAT number BE 0762.822.450
E-invoicing via Peppol
Reachable via Peppol
Peppol ID 0208:0762822450
Other Peppol ID 9925:BE0762822450
Registered 29-12-2025

Follow this company and you will hear the next morning if it leaves the Peppol register.

Register as of 1 November 2026 · Peppol Directory

Financial year and general meeting

Accounts at the NBB
Financial year end 31-12

Sites & property

Location
registered office establishment The establishment unit on the map
3 companies at this address See who is registered here

Buildings and parcels at the address

Ground area
2,329 m²
Building footprint
211 m²
Building volume
1,266 m³
Cadastral parcel Region Area Buildings Height / floors
11039D0198/00W005 Flanders 2,329 m² 1 · 211 m² 9.6 m · 2