AERO
ActiveSummary
The computed 12-month bankruptcy probability of AERO is 1.8% (moderate). The 2025 annual accounts show equity of €342,094 and a net result of €44,338. Equity is growing by ~10.1% per year across the filed fiscal years. Its solvency ranks better than 21% of 7900 sector peers (fiscal year 2025). The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability46=
Solvency45▲+2
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
1.8%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €17,000 at 30 days acceptable
Liquidity ample (current ratio 1.55 against 0.85 in 2024; short-term debt: 7.2% and cash: 5.3% of total assets), but 79.7% of the assets are financed with debt.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · 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
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
20.3%
Return on assets
2.6%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 21% of 7900 sector peers (2025).
NBB · sector comparisonPosition among 7900 sector peers
Solvency
better than 21%
← 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 01-06-2026, 60 days ahead of the deadline.
NBB · 6 filingsDeviation from the deadline
2025
60 d early
2024
15 d early
2023
155 d early
2022
174 d early
2021
72 d early
2020
131 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 101 days before the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% of the sector filed 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.
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, abbreviated schema
In the rankings
#5 company by total assets in Bonheiden, Construction sector
Equity
€342,094▲ 14.9%
2024 · €297,755
Total assets
€1.7m▲ 4.7%
2024 · €1.6m
Net result
€44,338
2024 · -€24,970
Working capital
€66,918
2024 · -€20,920
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€6,793▼ 58.2%€58,956▲ 768%€46,372▼ 21.3%-€7,552€93,902
Net result-€11,123below the sector's middle half€32,019within the sector's middle half€17,834within the sector's middle half▼ 44.3%-€24,970below the sector's middle half€44,338within the sector's middle half
Equity€222,872within the sector's middle half▼ 4.8%€254,892within the sector's middle half▲ 14.4%€322,726within the sector's middle half▲ 26.6%€297,755within the sector's middle half▼ 7.7%€342,094within the sector's middle half▲ 14.9%
Total assets€1.4mwithin the sector's middle half▲ 31.1%€1.6mwithin the sector's middle half▲ 9.5%€1.7mabove the sector's middle half▲ 10.1%€1.6mwithin the sector's middle half▼ 6.5%€1.7mabove the sector's middle half▲ 4.7%
Debt€1.2m▲ 40.9%€1.3m▲ 8.5%€1.4m▲ 6.9%€1.3m▼ 6.3%€1.3m▲ 2.4%
Working capital-€47,542▼ 64.9%€11,656€20,445▲ 75.4%-€20,920€66,918
Solvency15.6%below the sector's middle half▼ 5.9pp16.3%below the sector's middle half▲ 0.7pp18.7%below the sector's middle half▲ 2.4pp18.5%below the sector's middle half▼ 0.2pp20.3%below the sector's middle half▲ 1.8pp
Staff (FTE)0below the sector's middle half0below the sector's middle half
above
within
below
the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €93,902 after a loss of €7,552 in 2024, the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.7m
Fixed assets
€1.5m ▲ 0.3%
Current assets
€187,766 ▲ 61.6%
Equity and liabilities €1.7m
Equity
€342,094 ▲ 14.9%
Debt
€1.3m ▲ 2.4%
Debt's share of the balance-sheet total falls from 81.5% to 79.7%. Equity and debt are higher.
Key figures and ratios
EBITDA
€155,498▲
2024 · €59,349
Cash flow
€105,933▲
2024 · €41,932
Current ratio
1.55▲
2024 · 0.85
Quick ratio
0.94▲
2024 · 0.58
Debt to equity
3.94▼
2024 · 4.41
ROE
13.0%▲
2024 · -8.4%
ROA
2.6%▲
2024 · -1.5%
Interest coverage
2.92▼
2024 · 3.51
Debt ≤ 1 year
€120,847▼
2024 · €137,082
Debt > 1 year
€1.2m▲
2024 · €1.2m
Income taxes
€652▼
2024 · €5,000
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 2,368 companies that looked in July 2024 the way this one looks now, 1.7% went bankrupt within 24 months and 97% are still going.
- Small
- 5 to 10 years old
- solvency 10 to 30%
- a profit under 5% of the balance sheet
1.7%
went bankrupt
1.4%
stopped otherwise
97%
still going
A further 0.3% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 1.8% 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 2,368 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 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | €94,787 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €51,430 | €57,032 | €57,034 | €66,902 | €61,595 | ▼ 7.9% |
| Other operating charges640/8 | €25,086 | €30,237 | €3,540 | €3,647 | €3,003 | ▼ 17.7% |
| Gross operating margin9900 | €83,309 | €146,225 | €106,945 | €62,996 | €158,500 | ▲ 152% |
| Operating profit (loss)9901 | €6,793 | €58,956 | €46,372 | -€7,552 | €93,902 | ▲ 1,343% |
| Financial income75/76B | €5,170 | €4,557 | €6,141 | €4,493 | €4,386 | ▼ 2.4% |
| Recurring financial income75 | €5,170 | €4,557 | €6,141 | €4,493 | €4,386 | ▼ 2.4% |
| Financial charges65/66B | €22,849 | €25,571 | €29,826 | €16,911 | €53,299 | ▲ 215% |
| Recurring financial charges65 | €21,811 | €25,571 | €29,826 | €16,911 | €53,299 | ▲ 215% |
| Non-recurring financial charges66B | €1,038 | - | - | - | - | - |
| Profit (loss) for the period before taxes9903 | -€10,886 | €37,942 | €22,687 | -€19,970 | €44,990 | ▲ 325% |
| Income taxes67/77 | €237 | €5,923 | €4,853 | €5,000 | €652 | ▼ 87.0% |
| Profit (loss) for the period9904 | -€11,123 | €32,019 | €17,834 | -€24,970 | €44,338 | ▲ 278% |
| Profit (loss) for the period to be appropriated9905 | -€11,123 | €32,019 | €17,834 | -€24,970 | €44,338 | ▲ 278% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.4m | €1.6m | €1.7m | €1.6m | €1.7m | ▲ 4.7% |
| Fixed assets21/28 | €1.3m | €1.4m | €1.5m | €1.5m | €1.5m | ▲ 0.3% |
| Tangible fixed assets22/27 | €1.3m | €1.4m | €1.5m | €1.5m | €1.5m | ▲ 0.3% |
| Land and buildings22 | €1.3m | €1.4m | €1.5m | €1.5m | €1.5m | ▲ 0.8% |
| Plant, machinery and equipment23 | - | - | €13,361 | €10,631 | €7,901 | ▼ 25.7% |
| Furniture and vehicles24 | €4,251 | €2,026 | €1,137 | €10,541 | €6,046 | ▼ 42.6% |
| Current assets29/58 | €141,459 | €201,968 | €236,202 | €116,162 | €187,766 | ▲ 61.6% |
| Stocks and contracts in progress3 | €67,100 | €127,055 | €112,780 | €37,126 | €73,954 | ▲ 99.2% |
| Stocks30/36 | €67,100 | €127,055 | €87,262 | €37,126 | €73,954 | ▲ 99.2% |
| Contracts in progress37 | - | - | €25,517 | €0 | - | - |
| Amounts receivable within one year40/41 | €13,554 | €4,240 | €21,096 | €14,463 | €23,797 | ▲ 64.5% |
| Trade receivables40 | €7,955 | €4,240 | €21,096 | €14,165 | €7,710 | ▼ 45.6% |
| Other amounts receivable41 | €5,599 | - | €0 | €298 | €16,087 | ▲ 5,293% |
| Cash at bank and in hand54/58 | €59,076 | €70,251 | €95,135 | €49,922 | €90,015 | ▲ 80.3% |
| Deferred charges and accrued income490/1 | €1,729 | €422 | €7,192 | €14,650 | €0 | ▼ 100% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.4m | €1.6m | €1.7m | €1.6m | €1.7m | ▲ 4.7% |
| Equity10/15 | €222,872 | €254,892 | €322,726 | €297,755 | €342,094 | ▲ 14.9% |
| Contributions10/11 | €225,000 | €225,000 | €275,000 | €275,000 | €275,000 | = |
| Outside capital11 | €225,000 | €225,000 | - | - | - | - |
| Share premium1100/10 | €225,000 | - | - | - | - | - |
| Other1109/19 | - | €225,000 | - | - | - | - |
| Reserves13 | €8,996 | €8,996 | €8,996 | €8,996 | €67,094 | ▲ 646% |
| Distributable reserves133 | €8,996 | €8,996 | €8,996 | €8,996 | €67,094 | ▲ 646% |
| Profit (loss) carried forward14 | -€11,123 | €20,896 | €38,730 | €13,760 | €0 | ▼ 100% |
| Amounts payable17/49 | €1.2m | €1.3m | €1.4m | €1.3m | €1.3m | ▲ 2.4% |
| Amounts payable after more than one year17 | €1.0m | €1.1m | €1.2m | €1.2m | €1.2m | ▲ 4.1% |
| Financial debts170/4 | €1.0m | €1.1m | €1.2m | €879,369 | €902,597 | ▲ 2.6% |
| Trade debts175 | - | - | - | €245,508 | €231,587 | ▼ 5.7% |
| Advances received on contracts in progress176 | - | - | - | €52,441 | €91,349 | ▲ 74.2% |
| Amounts payable within one year42/48 | €189,001 | €190,312 | €215,757 | €137,082 | €120,847 | ▼ 11.8% |
| Current portion of amounts payable after more than one year42 | €27,681 | €28,054 | €60,676 | €61,511 | €74,083 | ▲ 20.4% |
| Financial debts43 | - | - | - | €1,692 | €0 | ▼ 100% |
| Credit institutions430/8 | - | - | - | €1,692 | €0 | ▼ 100% |
| Trade debts44 | €477 | €6,123 | €53,916 | €1,466 | €6,902 | ▲ 371% |
| Suppliers440/4 | €477 | €6,123 | €53,916 | €1,466 | €6,902 | ▲ 371% |
| Taxes, remuneration and social security45 | €8,474 | €7,009 | €17,346 | €8,420 | €8,856 | ▲ 5.2% |
| Taxes450/3 | €5,900 | €7,009 | €17,346 | €8,420 | €4,077 | ▼ 51.6% |
| Remuneration and social security454/9 | €2,575 | - | - | €0 | €4,779 | - |
| Other amounts payable47/48 | €152,369 | €149,127 | €83,819 | €63,993 | €31,007 | ▼ 51.5% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€11,123 | €32,019 | €17,834 | -€24,970 | €44,338 | ▲ 278% |
| + Depreciation and write-downs630 | €51,430 | €57,032 | €57,034 | €66,902 | €61,595 | ▼ 7.9% |
| Operating cash flow (approximation) | €40,307 | €89,051 | €74,868 | €41,932 | €105,933 | ▲ 153% |
| Investment in fixed assets (approximation) | - | -€131,819 | -€180,978 | -€74,227 | -€66,308 | ▲ 10.7% |
| Change in cash | - | €11,175 | €24,884 | -€45,212 | €40,092 | ▲ 189% |
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
01-06
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Back to profitnet €44,338
Net result €44,338 after one loss-making year.
16-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Weakest financial yearnet -€24,970
Net result drops to -€24,970, the lowest in the series; recovery starts the following year.
27-02
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
07-02
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Back to profitnet €32,019
Net result €32,019 after one loss-making year.
20-05
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
22-03
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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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, Bonheiden · 1 establishment unit since 2020
Ground area
1,616 m²
Building footprint
127 m²
Volume, LiDAR
680 m³
Parcel 12005C0107/00X004, Flanders · tallest building 8.1 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
AERO
since 20202.298.569.903
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 12005C0107/00X004 | Flanders | 1,616 m² | 1 · 127 m² | 8.1 m · 2 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.
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Of 9,536 companies in sector 43222 we hold annual accounts for 5,669. 4,434 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded30-01-2020
Fiscal year end31-12
Activities, NACEBEL 2025
43222Installation of electric heating, air conditioning, cooling and ventilation
33110Repair and maintenance of fabricated metal products
E-invoicing
Reachable via Peppol
Peppol ID
0208:0742684953
Also
9925:BE0742684953
Registered
24-04-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.