AERCON
ActiveSummary
AERCON has been active since 1998 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.5m and a net result of -€403,868. Equity remains stable across the filed fiscal years (±0.6% per year). Its solvency ranks better than 16% of 8711 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability15▼-3
Solvency37▼-2
Growth32=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €80,000 at 30 days acceptable
Liquidity ample (current ratio 4.56 against 4.91 in 2024; short-term debt: 13.4% and cash: 1.7% of total assets), but 88.4% of the assets are financed with debt.
Credit check for your own amount and term
Open the credit simulator : see how the verdict changes with amount, term and advance.
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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 · 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 vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 16% of 8711 sector peers (2025).
NBB · sector comparisonPosition among 8711 sector peers
Solvency
better than 16%
← 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
2025
1 d early
2024
52 d early
2023
5 d early
2022
32 d early
2021
3 d early
2020
38 d early
2019
27 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 23 days before the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 32% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-03-2026 and is due by 31-10-2026. Nothing is late today.
Companies Code · seven monthsPosition in the running window
31-03-2026 close26-09-2026 today31-10-2026 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit simulator What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed
Is this your company? See how customers and banks see it.
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2025, abbreviated schema
In the rankings
#5 company by total assets in Dilsen-Stokkem, Professional and technical services sector#6 company by equity in Dilsen-Stokkem, Professional and technical services sector#7 oldest company in Dilsen-Stokkem, Professional and technical services sector
Equity
€1.5m▼ 21.4%
2024 · €1.9m
Total assets
€12.8m▼ 2.0%
2024 · €13.1m
Net result
-€403,868▼ 560%
2024 · -€61,202
Working capital
€6.1m▼ 5.6%
2024 · €6.5m
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
Line20212022202320242025
Operating result-€545,327▼ 47.2%-€400,489▲ 26.6%-€441,537▼ 10.2%-€441,666=-€345,721▲ 21.7%
Net result-€68,280▼ 47.3%€78,344€53,045▼ 32.3%-€61,202-€403,868▼ 560%
Equity€1.8m▼ 3.6%€1.9m▲ 4.3%€1.9m▲ 2.8%€1.9m▼ 3.1%€1.5m▼ 21.4%
Total assets€13.6m▼ 6.9%€13.6m▲ 0.4%€13.2m▼ 2.9%€13.1m▼ 1.3%€12.8m▼ 2.0%
Debt€11.5m▼ 7.4%€11.5m▼ 0.1%€11.1m▼ 3.7%€11.0m▼ 0.8%€11.1m▲ 1.4%
Working capital€7.5m▲ 2.5%€7.6m▲ 2.3%€7.9m▲ 3.0%€6.5m▼ 18.0%€6.1m▼ 5.6%
Staff (FTE)000
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €345,721 in 2025 against €441,666 in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €12.8m
Fixed assets
€5.0m ▲ 0.7%
Current assets
€7.8m ▼ 3.7%
Equity and liabilities €12.8m
Equity
€1.5m ▼ 21.4%
Provisions
€185,825 ▼ 7.7%
Debt
€11.1m ▲ 1.4%
Debt's share of the balance-sheet total rises from 84.0% to 86.9%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
-€80,092▲
2024 · -€175,165
Cash flow
-€138,239▼
2024 · €205,299
Current ratio
4.56▼
2024 · 4.91
Debt to equity
7.49▲
2024 · 5.81
ROE
-27.2%▼
2024 · -3.2%
ROA
-3.2%▼
2024 · -0.5%
Interest coverage
-0.79▲
2024 · -1.39
Debt ≤ 1 year
€1.7m▲
2024 · €1.6m
Debt > 1 year
€9.4m▲
2024 · €9.3m
Income taxes
€2,135▼
2024 · €2,339
Staff costs
€0
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €43,572 | €0 | - | - | - |
| Remuneration, social security and pensions62 | - | - | - | - | €0 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €265,384 | €252,836 | €266,502 | €266,501 | €265,629 | ▼ 0.3% |
| Other operating charges640/8 | - | €3,306 | €2,688 | €18,093 | €2,942 | ▼ 83.7% |
| Gross operating margin9900 | -€273,691 | -€144,347 | -€172,348 | -€157,073 | -€77,150 | ▲ 50.9% |
| Operating profit (loss)9901 | -€545,327 | -€400,489 | -€441,537 | -€441,666 | -€345,721 | ▲ 21.7% |
| Financial income75/76B | - | €493,419 | €491,292 | €493,125 | €29,902 | ▼ 93.9% |
| Recurring financial income75 | €491,527 | €493,419 | €491,292 | €493,125 | €29,902 | ▼ 93.9% |
| Financial charges65/66B | - | €21,933 | €9,869 | €125,807 | €101,398 | ▼ 19.4% |
| Recurring financial charges65 | €25,467 | €21,933 | €9,869 | €125,807 | €101,398 | ▼ 19.4% |
| Profit (loss) for the period before taxes9903 | -€79,267 | €70,997 | €39,886 | -€74,349 | -€417,218 | ▼ 461% |
| Transfer from deferred taxes780 | - | €15,485 | €15,485 | €15,485 | €15,485 | = |
| Income taxes67/77 | €4,498 | €8,139 | €2,326 | €2,339 | €2,135 | ▼ 8.7% |
| Profit (loss) for the period9904 | -€68,280 | €78,344 | €53,045 | -€61,202 | -€403,868 | ▼ 560% |
| Transfer from tax-exempt reserves789 | - | €83,956 | €46,456 | €46,456 | €46,456 | = |
| Profit (loss) for the period to be appropriated9905 | -€21,823 | €162,300 | €99,502 | -€14,746 | -€357,412 | ▼ 2,324% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €13.6m | €13.6m | €13.2m | €13.1m | €12.8m | ▼ 2.0% |
| Fixed assets21/28 | €3.8m | €3.7m | €3.5m | €5.0m | €5.0m | ▲ 0.7% |
| Tangible fixed assets22/27 | €3.8m | €3.6m | €3.4m | €3.1m | €2.8m | ▼ 8.6% |
| Plant, machinery and equipment23 | - | €3.5m | €3.3m | €3.0m | €2.8m | ▼ 8.0% |
| Furniture and vehicles24 | - | €113,258 | €88,314 | €63,371 | €39,300 | ▼ 38.0% |
| Financial fixed assets28 | €5,495 | €50,495 | €135,071 | €1.9m | €2.2m | ▲ 16.2% |
| Current assets29/58 | €9.8m | €9.9m | €9.7m | €8.1m | €7.8m | ▼ 3.7% |
| Amounts receivable after more than one year29 | - | €8.7m | €8.8m | €7.2m | €7.2m | = |
| Other amounts receivable291 | - | €8.7m | €8.8m | €7.2m | €7.2m | = |
| Amounts receivable within one year40/41 | €747,403 | €806,908 | €502,017 | €482,600 | €363,542 | ▼ 24.7% |
| Trade receivables40 | - | €480,996 | €187,052 | €167,202 | €52,677 | ▼ 68.5% |
| Other amounts receivable41 | - | €325,912 | €314,965 | €315,398 | €310,865 | ▼ 1.4% |
| Cash at bank and in hand54/58 | €185,157 | €316,261 | €270,587 | €266,831 | €215,407 | ▼ 19.3% |
| Deferred charges and accrued income490/1 | - | €153,942 | €151,592 | €165,347 | €35,165 | ▼ 78.7% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €13.6m | €13.6m | €13.2m | €13.1m | €12.8m | ▼ 2.0% |
| Equity10/15 | €1.8m | €1.9m | €1.9m | €1.9m | €1.5m | ▼ 21.4% |
| Contributions10/11 | €750,000 | €750,000 | €750,000 | €750,000 | €750,000 | = |
| Capital10 | - | €750,000 | €750,000 | €750,000 | €750,000 | = |
| Issued capital100 | - | €750,000 | €750,000 | €750,000 | €750,000 | = |
| Reserves13 | €855,802 | €771,845 | €725,389 | €678,933 | €632,476 | ▼ 6.8% |
| Non-distributable reserves130/1 | - | €75,000 | €75,000 | €75,000 | €75,000 | = |
| Legal reserve130 | - | €75,000 | €75,000 | €75,000 | €75,000 | = |
| Tax-exempt reserves132 | - | €696,845 | €650,389 | €603,933 | €557,476 | ▼ 7.7% |
| Profit (loss) carried forward14 | €212,468 | €374,768 | €474,270 | €459,524 | €102,113 | ▼ 77.8% |
| Provisions and deferred taxes16 | €247,767 | €232,282 | €216,796 | €201,311 | €185,825 | ▼ 7.7% |
| Deferred taxes168 | - | €232,282 | €216,796 | €201,311 | €185,825 | ▼ 7.7% |
| Amounts payable17/49 | €11.5m | €11.5m | €11.1m | €11.0m | €11.1m | ▲ 1.4% |
| Amounts payable after more than one year17 | €9.2m | €9.2m | €9.2m | €9.3m | €9.4m | ▲ 1.0% |
| Financial debts170/4 | - | €9.2m | €9.2m | €9.3m | €9.4m | ▲ 1.0% |
| Amounts payable within one year42/48 | €2.3m | €2.3m | €1.9m | €1.6m | €1.7m | ▲ 3.7% |
| Trade debts44 | €259,901 | €309,765 | €62,244 | €50,423 | €43,664 | ▼ 13.4% |
| Suppliers440/4 | - | €309,765 | €62,244 | €50,423 | €43,664 | ▼ 13.4% |
| Taxes, remuneration and social security45 | - | €9,257 | €4,180 | €4,395 | €15,964 | ▲ 263% |
| Taxes450/3 | - | €9,257 | €4,180 | €4,395 | €15,964 | ▲ 263% |
| Other amounts payable47/48 | - | €2.0m | €1.8m | €1.6m | €1.7m | ▲ 3.5% |
| Accrued charges and deferred income492/3 | - | €17,726 | €2,672 | €25,375 | €25,700 | ▲ 1.3% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€68,280 | €78,344 | €53,045 | -€61,202 | -€403,868 | ▼ 560% |
| + Depreciation and write-downs630 | €265,384 | €252,836 | €266,502 | €266,501 | €265,629 | ▼ 0.3% |
| Operating cash flow (approximation) | €197,104 | €331,180 | €319,547 | €205,299 | -€138,239 | ▼ 167% |
| Investment in fixed assets (approximation) | - | -€143,966 | -€84,576 | -€1.7m | -€300,000 | ▲ 82.6% |
| Change in cash | - | €131,105 | -€45,674 | -€3,756 | -€51,424 | ▼ 1,269% |
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
2025
30-10
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
31-03
Financial
Weakest financial yearnet -€403,868
Net result drops to -€403,868, the lowest in the series.
2024
09-09
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2023
26-10
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2022
29-09
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
31-03
Financial
Back to profitnet €78,344
Net result €78,344 after 2 loss-making years.
2021
28-10
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2020
23-09
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
31-03
Financial
Liquidity triplescurrent ratio 3.26
Current ratio from 1.03 to 3.26; short-term debt falls from €3.3m to €3.2m.
2019
04-10
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2018
26-10
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
23-07
State Gazette act
General meeting · Director reappointment
Permanent representative · Board meeting
Show earlier events
2017
03-10
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2016
25-10
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2015
17-07
State Gazette act
General meeting · Director reappointment
Permanent representative · Board meeting
2012
20-09
State Gazette act
General meeting · Share cancellation
Reserve release · Director resignation
2010
21-01
State Gazette act
General meeting · Capital increase
Bank account · Capital
07-01
State Gazette act
General meeting · Director resignation
Permanent representative · Director appointment
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 9 acts read
About the unread acts
We know of 9 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Have them read with priority
Sign in to place this company at the front of the reading queue.
Directors · office · real estate
Directors
9 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, Dilsen-Stokkem · 1 establishment unit since 1998
Ground area
408 m²
Building footprint
417 m²
Parcel 73043B1401/00H002, Flanders · tallest building 0.1 m. Linked by address, not a title deed.
7
companies at this address
See who is registered here
1 establishment unit
IQ-Parklaan 4A, 3650 Dilsen-Stokkem
since 19982.089.536.980
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 73043B1401/00H002 | Flanders | 408 m² | 1 · 417 m² | 0.1 m |
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.
Structure & network
Connections & network
The group is listed under Ownership & control below; here you explore it as a network.
This company
Company
Director
Shareholding
+N: links not shown yet
Click a node to look further, drag to arrange, scroll to zoom.
Ownership & control
2 board mandatesBoard mandates of this companythis company sits on their board2
1 location
1 location
Similar companies · same sector, comparable size
MARALI
BE 0457.134.373
Tessenderlo-Ham · Eq €1,484,633
Verborgstads
BE 0727.828.414
Westerlo · Eq €1,481,034
Ramence
BE 0811.201.397
Roeselare · Eq €1,478,658
A.V.L.
BE 0440.251.623
Beringen · Eq €1,492,874
BL-INVEST
BE 0715.419.936
Beerse · Eq €1,471,404
Of 5,712 companies in sector 70100 we hold annual accounts for 3,504. 1,756 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded20-11-1998
Fiscal year end31-03
Activities, NACEBEL 2025
70100Activities of head offices
51100Air transport
E-invoicing
Reachable via Peppol
Peppol ID
0208:0464640490
Registered
27-03-2026
Register as of 26 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.