Result
-€403,868 ▼ 560%
The result fell in 2025 from -€61,202 to -€403,868.
AERCON
Lifetime
18 annual accounts with figures on one time axis, 25 filings since 2000peak €1.6m (2018)
-€77,150▲ €79,923
lowest -€418,012 (2011)
-€403,868▼ €342,666
peak €1.9m (2023)
€1.5m▼ 21.4%
€11.1m▲ 1.4%
peak 0 FTE (2023)
0 FTE
Board6 names since 2018
2 directorsLucien THIJS and 1 other
Owners
100%PUIN 54
Documentsfilings and deeds
30-10-20251 day before the deadline
2025abbreviated format
Gross margin from -€157,073 to -€77,150Loss of €403,868Equity from €1.9m to €1.5m
Key points
from the 2025 annual accountsDebts
€11.1m 87% of the balance sheet
Financial debts 84%Suppliers 0%Taxes and wages 0%Other 15%
Of this, €1.7m falls due within a year.
Position in the sector
-€403,868
Lower net result than 95% of companies in head offices and management consultancy. Sector median €37,464 · 10,858 companies.
2026 accounts not filed, 11 days past the deadlineTurnover not published (abbreviated format)
Checked score
84
Excellent
Financially stronger than 16% of medium-sized companies in head offices and management consultancy (NACE 70)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.2% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.1% across 803 companies (NACE 70, medium-sized).
About 2 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: < 0.1%
01-2025: < 0.1%● unchanged vs 12-2024
02-2025: < 0.1%● unchanged vs 01-2025
03-2025: < 0.1%● unchanged vs 02-2025lowest value
04-2025: < 0.1%● unchanged vs 03-2025lowest value
05-2025: < 0.1%● unchanged vs 04-2025
06-2025: < 0.1%● unchanged vs 05-2025
07-2025: 0.1%▲ +0.1 percentage points 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: 0.2%▲ +0.1 percentage points vs 09-2026
11-2026: 0.2%● unchanged vs 10-2026highest value
Financial strengthWeak
Score breakdown
raises risk
Figures for financial year 2025 (filed on 30-10-2025)
Liquidity: current ratio 4.56, cash €215,407
lowers risk
Size: total assets €12.8m
Sector: Activities of head offices; management consultancy activities (NACE 70)
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 70, medium-sized). It does better than 12% of them on solvency, 41% on liquidity, 5% on profitability and 7% on growth.
The bankruptcy probability was computed on 10-11-2026 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.
The probability rests on the annual accounts with balance sheet date 31-03-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
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).
Comparable companies, two years later
In July 2024, 371 companies had the same profile as AERCON has now. Each dot is one company, two years later.
97.0%
were still trading
2.2%
stopped another way
0.5%
went bankrupt
Another 0.3% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of AERCON itself: 0.2% within 12 months.
Test of the method
The method was tested on the 497,448 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 | 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 371 companies, not a prediction for AERCON. 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
Credit of up to €120,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 4.56 (4.91 in 2024), above the usual 1.5. Short-term debt is 13.4% and cash 1.7% of total assets. However, 88.4% of the assets are financed with debt and provisions.
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
Seven signals.
lowers riskraises riskneutral
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
19202122232425
2019 to 2025 · latest year -€403,868
raises risk · Weak solvency compared with the sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 17% of 10858 sector peers (2025).
NBB · sector comparisonPosition among 10858 sector peers
Solvency
better than 17%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2025 was due by 31-10-2025 and was filed on 30-10-2025, 1 day ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2026
not filed
2025
1 day early
2024
52 days early
2023
5 days early
2022
32 days early
2021
3 days early
2020
38 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 6 accounts on average 22 days before the deadline. In the sector (NACE 70), the median for financial year 2024 was 9 days before the deadline, and 32% of those companies filed late.
Searched, nothing found (1)
Recent changes
3 directors appointed, 2 reappointments
Capital from €750,000 to €9,950,000, 37,106 new shares · Capital from €9,950,000 to €2,850,000 · Permanent representative: Suzanne COLSON · General meeting of 31-03-2026 · Gazette deed
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0464640490
Amendment of the articles
enige aandeelhouder holds all the shares · General meeting of 07-03-2024 · Gazette deed
2 directors appointed, 3 resignations, 1 reappointment
Resignations: SEBELKO, ELTOM (managing director) and Tom Thijs · Permanent representatives: Elke Thijs and Suzanne Colson · Appointments: PUIN 54 (managing director) and Lucien Thijs (managing director and chair) · General meeting of 18-12-2020 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| AERCON Dilsen-Stokkem | €12.8m | -€77,150 | 11.6% | 0 |
| EUROPEAN MANAGEMENT AND CONSULTANCY SERVICES Houthalen-Helchteren | €14.1m | -€33,799 | 92.2% | 1.4 |
| Korys Business Services II NV Halle | €5.4m | -€10,379 | 99.5% | 0 |
| Korys Business Services III NV Halle | €9.5m | -€11,254 | 99.5% | 0 |
| KORYS BUSINESS SERVICES I NV Halle | €11.0m | -€8,128 | 99.6% | 0 |
| De Watervogel Ravels | €40.3m | -€24,448 | 59.4% | 0 |
| RENO INVEST Izegem | €5.2m | -€1,377 | 1.0% | 0 |
These companies have the same main activity as AERCON: activities of head offices (NACE 70100). They are comparable in size and age: total assets between €5.2m and €40m, founded between 1978 and 2011.
Official details
Source: KBO- Status
- Active since 20-11-1998Normal situation
- Activity
- Activities of head officesNACE 70100and 1 other
- Establishment unit
- 2.089.536.9803650 Dilsen-Stokkem, since 09-12-1998
- Financial year end
- 31 March
- Peppol
- Reachable since 27-03-2026
Insights on AERCON
AERCON files the abbreviated format. That format states no turnover. The gross margin fell from €457,832 in 2007 to -€77,150 in 2025.
PUIN 54 holds all the shares.
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 AERCON
- What is the company number of AERCON?
- The company number of AERCON is 0464.640.490. The VAT number is the same number with BE in front: BE 0464.640.490.
- Where is AERCON based?
- The registered office is at IQ-Parklaan 4A, 3650 Dilsen-Stokkem.Company details
- What does AERCON do?
- According to the KBO register, the main activity is activities of head offices (NACE 70100).
- What is the legal form of AERCON?
- AERCON is a public limited company (NV).
- When was AERCON founded?
- AERCON was founded on 20-11-1998.
- Is AERCON still active?
- Yes, AERCON is an active enterprise in the KBO register.
- What is the turnover of AERCON?
- The annual accounts for financial year 2025 state no turnover. The abbreviated format does not require it.Financials
- Is AERCON profitable?
- In financial year 2025, AERCON made a loss of €403,868.
- Where can I find the annual accounts of AERCON?
- AERCON filed 25 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
Next steps
Work out how much credit to give this customer and on what payment terms.Credit check Check what to know before you do business with this company.Supplier due diligence Check whether you can accept this company as a client under the anti-money-laundering law.AML client file Check which of your other customers you can e-invoice via Peppol.Peppol check See the other companies in the same group.PUIN 54 · 10 companies Compare this company with its sector.Sector benchmark
See how customers, suppliers and banks see your own company and what to improve first.