Active BE 0880.689.823Private limited company (pre-2019)Open bankruptcy

AERO GENERATING TECHNOLOGIES

Heerbaan 54 ·3472 Kortenaken, Belgium· 20 yrs active

Sector: Engineering activities (71121)

Conclusion Checked

A bankruptcy procedure is open for AERO GENERATING TECHNOLOGIES according to publications in the Belgian State Gazette. The 2019 annual accounts show equity of €19k and a net result of €11k.

Based on the State Gazette, CBE and 2 annual accounts.

Key figures

Equity	€19k
Net result	€11k
Staff (FTE)	1
Active	20 yrs

Snowflake analysis 5 axes · computed by Checked

49 / 100

Mixed profile: strong on profitability, weaker on stability.

Health 23

Profitability 100

Solvency 43

Growth 78

Stability 0

Bankruptcy probability (12 mo) Checked model v1 · free

Bankruptcy opened

A bankruptcy procedure is already open, a probability score is no longer meaningful. See the insolvency timeline for the state of the procedure.

Risk Assessment rule-based

50 / 100

High risk

Components

· Open bankruptcy (+50)

Trust signals 1 signals

Open bankruptcy

Active bankruptcy procedure in the Belgisch Staatsblad. Claims are handled by the appointed curator.

Administrative Flags 0 events

No administrative flags

Health barometer FY 2019 · computed

23 / 100 Critical

050100

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Computed by Checked from NBB filings and Belgian State Gazette signals. Indicative, not credit advice.

Financial overview10 NBB filings

Annual accounts filed on 31-08-2020 with the NBB · fiscal year 2019 · micro

Operating resultNet result

EBITDA

€28k

- -41% vs sector

Net profit

€11k

- -63% vs sector

Cash flow

€19k

+85.4% -47% vs sector

Total assets

€672k

+16.7% +103% vs sector

Equity

€19k

+140.3% -74% vs sector

Working capital

€30k

-18.6% -49% vs sector

Employees (FTE)

1

-16.7% -44% vs sector

Income taxes

€5k

+120.1% +20% vs sector

Debt

€653k

+14.9% +158% vs sector

Debt ≤ 1y

€630k

+21.2% +149% vs sector

Debt > 1y

€18k

-54.9% -67% vs sector

Current ratio

1.05

-2.2% -14% vs sector

Quick ratio

0.71

-5.7% -40% vs sector

Solvency

2.9%

+105.9% -84% vs sector

Debt / equity

0.96

-81.2% -79% vs sector

ROE

58.1%

- +75% vs sector

ROA

1.7%

- -66% vs sector

Figures by fiscal year

Highlight YoY changes (±10%)

Fiscal year	2019
Revenue	-
EBITDA	€28k
Net profit	€11k
Cash flow	€19k
Staff costs	-
Income taxes	€5k
Dividends	-
Total assets	€672k
Equity	€19k
Debt	€653k
of which ≤ 1y	€630k
of which > 1y	€18k
Working capital	€30k
Employees (FTE)	1.0

Ratios (computed)

	2019
Current ratio	1.05
Quick ratio	0.71
Working capital ratio	4.5%
Solvency	2.9%
Debt / equity	0.96
Long-term debt ratio	0.96
Interest coverage	-
Gross margin	-
Net margin	-
ROA	1.7%
ROE	58.1%
EBITDA margin	-
Days sales outstanding	-
Days payable outstanding	-
Inventory turnover	-
Days inventory (DSI)	-

Balance-sheet composition 2019

Assets

Fixed assets €12k · 1.8% Current assets €660k · 98.3%

Equity & liabilities

Equity €19k · 2.9% Debt €653k · 97.1%

Full annual accounts

Filed balance sheet and income statement, exactly as deposited with the NBB.

Line item	Code	2019
Balance sheet, Assets
TOTAL ASSETS	20/58	€672k
Fixed assets	21/28	€12k
Tangible fixed assets	22/27	€12k
Current assets	29/58	€660k
Stocks & contracts in progress	3	€213k
Amounts receivable within one year	40/41	€230k
Cash & bank	54/58	€46k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES	10/49	€672k
Equity	10/15	€19k
Contributions / capital	10/11	€6k
Reserves	13	€2k
Accumulated profits (losses)	14	€11k
Amounts payable	17/49	€653k
Amounts payable after one year	17	€18k
Amounts payable within one year	42/48	€630k
Trade debts payable within one year	44	€232k
Income statement
Gross operating margin	9900	€80k
Operating result	9901	€20k
Financial income	75	€1
Financial charges	65	€4k
Result before taxes	9903	€17k
Income taxes	67/77	€5k
Net result for the period	9904	€11k
Result to be appropriated	9905	€11k

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Ratios computed by Checked.

Directors & mandates1 person

Role	Name	Tenure	Source
Curator	JAN DE RIECK FONTEINSTRAAT 1A, 3000 LEUVEN-	25-01-2024 → present	Belgian State Gazette

Legal Structure

NACE primary	Engineering activities(71121)
Legal form	Private limited company (pre-2019)(015)
Incorporation	12-04-2006
Status	Active
Postal code	3472
First BS signal	01-02-2024
Latest BS signal	01-02-2024

Company structure, linked entities1 linked entities

Mandates

Establishment units 1 location

AEGETEC

Heerbaan 54, 3472 Kortenakende vervaardiging van toestellen voor het filtreren of zuiveren van vloeistoffen, lucht of andere gassen.

since 20072.233.830.024

Physical sites registered in the Crossroads Bank for Enterprises (CBE).

Real-estate footprint Source: CBE × cadastre

Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.

Flanders 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
24050B0293/00Y000	Flanders	284 m²	1 · 277 m²	9.8 m · 2 fl.

Methodology

via registered seat: 1

1 of 1 parcels with an exact address match; the rest are indicative.

Linked through address data, this is not proof of ownership.

Updates 11 events

A single timeline of everything that happened to this company, publications, insolvency and lifecycle events, administrative changes and filed annual accounts.

2024

01-02-2024

Bankruptcy Opening

Ondernemingsrechtbank Leuven · AERO GENERATING TECHNO- LOGIES BV HEERBAAN 54/1, 3472 KERSBEEK-MISKOM · event 25-01-2024

2020

31-08-2020