AERO-PHYSICS
ActiveSummary
AERO-PHYSICS has been active since 1985 and the Belgian State Gazette contains no insolvency signals. The CBE does carry 2 administrative register entries (see administrative flags). The 2025 annual accounts show negative equity (-€244,785) and a net result of -€26,411. Equity remains stable across the filed fiscal years (±1.5% per year). Its solvency ranks better than 9% of 201 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability4▼-19
Solvency0=
Growth32▼-26
Track record84
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
short-term debt: 104.3% of total assets, and equity is negative.
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Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Nine 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 26
Relative position
BE, all sectors
reference
Manufacture of computer, electronic and optical products (NACE 26)
about 73% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
-125.1%
Return on assets
-13.5%
Age of the figures
16 mo
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 · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
19202122232425
2019 to 2025 · latest year -€244,785
neutral · Filed after the deadline
The financial year that closed on 31-05-2025 was due by 31-12-2025 and was filed on 06-02-2026, 37 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
37 d late
2024
170 d late
2023
536 d late
2022
901 d late
2021
38 d early
2020
15 d early
2019
32 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 223 days after the deadline; the sector median for financial year 2024 is 8 days before the deadline, and 34% of the sector filed late.
raises risk · Administrative warnings in the KBO publications
2 publications by the FPS Economy about this company, such as a strike-off for address, accounts or UBO, or their withdrawal.
KBO publicationsPublications
UBO non-compliance×2
Checked, nothing found (1)
neutral · The next deadline is still running
The next financial year closes on 31-05-2026 and is due by 31-12-2026. Nothing is late today. Usually files around 19 June (4 of the last 5 filed years within 366 days of that day).
Companies Code · seven monthsPosition in the running window
31-05-2026 close30-09-2026 today31-12-2026 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
-€244,785▼ 12.1%
2024 · -€218,374
Total assets
€195,709▲ 350%
2024 · €43,492
Net result
-€26,411▼ 960%
2024 · -€2,493
Working capital
Not included in this filing
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 26, Manufacture of computer, electronic and optical products, 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-€3,064▲ 4.5%-€3,255▼ 6.2%-€2,946▲ 9.5%-€2,493▲ 15.4%-€24,885▼ 898%
Net result-€3,064within the sector's middle half▲ 4.5%-€3,255within the sector's middle half▼ 6.2%-€2,946within the sector's middle half▲ 9.5%-€2,493within the sector's middle half▲ 15.4%-€26,411below the sector's middle half▼ 960%
Equity-€209,682below the sector's middle half▼ 1.5%-€212,936below the sector's middle half▼ 1.6%-€215,882below the sector's middle half▼ 1.4%-€218,374below the sector's middle half▼ 1.2%-€244,785below the sector's middle half▼ 12.1%
Total assets€43,950below the sector's middle half▼ 0.1%€43,902below the sector's middle half▼ 0.1%€43,492below the sector's middle half▼ 0.9%€43,492below the sector's middle half=€195,709within the sector's middle half▲ 350%
Debt€253,632▲ 1.2%€256,838▲ 1.3%€259,374▲ 1.0%€261,866▲ 1.0%€440,494▲ 68.2%
Solvency-477.1%below the sector's middle half▼ 7.5pp-485.0%below the sector's middle half▼ 7.9pp-496.4%below the sector's middle half▼ 11.3pp-502.1%below the sector's middle half▼ 5.7pp-125.1%below the sector's middle half▲ 377.0pp
Return on assets (ROA)-7.0%below the sector's middle half▲ 0.3pp-7.4%below the sector's middle half▼ 0.4pp-6.8%below the sector's middle half▲ 0.6pp-5.7%below the sector's middle half▲ 1.0pp-13.5%below the sector's middle half▼ 7.8pp
above
within
below
the middle half (P25 to P75) of NACE 26, Manufacture of computer, electronic and optical products, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €24,885 in 2025 against €2,493 in 2024; the loss grows and 2025 has the lowest result in the available series.
Key figures and ratios
Debt to equity
-1.80▼
2024 · -1.20
Debt ≤ 1 year
€204,044▲
2024 · €25,417
Debt > 1 year
€236,000=
2024 · €236,000
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 6,621 companies that looked in July 2024 the way this one looks now, 4.5% went bankrupt within 24 months and 84% are still going.
- Micro
- 20 years or older
- negative equity
- a loss of 10% of the balance sheet or more
4.5%
went bankrupt
10.0%
stopped otherwise
84%
still going
A further 1.0% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a lower bankruptcy probability: 0.4% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,340 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.0% |
| 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% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% 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 6,621 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 |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €48 | €48 | €410 | - | - | - |
| Other operating charges640/8 | - | €1,899 | €2,536 | €2,493 | €4,861 | ▲ 95.0% |
| Gross operating margin9900 | -€1,016 | -€1,307 | - | - | -€20,024 | - |
| Operating profit (loss)9901 | -€3,064 | -€3,255 | -€2,946 | -€2,493 | -€24,885 | ▼ 898% |
| Financial charges65/66B | - | - | - | - | €1,526 | - |
| Recurring financial charges65 | - | - | - | - | €1,526 | - |
| Profit (loss) for the period before taxes9903 | -€3,064 | -€3,255 | -€2,946 | -€2,493 | -€26,411 | ▼ 960% |
| Profit (loss) for the period9904 | -€3,064 | -€3,255 | -€2,946 | -€2,493 | -€26,411 | ▼ 960% |
| Profit (loss) for the period to be appropriated9905 | -€3,064 | -€3,255 | -€2,946 | -€2,493 | -€26,411 | ▼ 960% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €43,950 | €43,902 | €43,492 | €43,492 | €195,709 | ▲ 350% |
| Fixed assets21/28 | €43,950 | €43,902 | €43,492 | €43,492 | €195,709 | ▲ 350% |
| Tangible fixed assets22/27 | €43,826 | €43,778 | €43,368 | €43,368 | €195,585 | ▲ 351% |
| Land and buildings22 | - | €43,778 | €43,368 | €43,368 | €195,585 | ▲ 351% |
| Financial fixed assets28 | €124 | €124 | €124 | €124 | €124 | = |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €43,950 | €43,902 | €43,492 | €43,492 | €195,709 | ▲ 350% |
| Equity10/15 | -€209,682 | -€212,936 | -€215,882 | -€218,374 | -€244,785 | ▼ 12.1% |
| Contributions10/11 | €67,923 | €75,731 | €75,731 | €75,731 | €75,731 | = |
| Capital10 | - | €67,923 | €67,923 | €67,923 | €67,923 | = |
| Issued capital100 | - | €67,923 | €67,923 | €67,923 | €67,923 | = |
| Outside capital11 | - | €7,809 | €7,809 | €7,809 | €7,809 | = |
| Share premium1100/10 | - | €7,809 | €7,809 | €7,809 | €7,809 | = |
| Reserves13 | €6,792 | €6,792 | €6,792 | €6,792 | €6,792 | = |
| Non-distributable reserves130/1 | - | €6,792 | €6,792 | €6,792 | €6,792 | = |
| Legal reserve130 | - | €6,792 | €6,792 | €6,792 | €6,792 | = |
| Profit (loss) carried forward14 | -€292,206 | -€295,460 | -€298,406 | -€300,898 | -€327,309 | ▼ 8.8% |
| Amounts payable17/49 | €253,632 | €256,838 | €259,374 | €261,866 | €440,494 | ▲ 68.2% |
| Amounts payable after more than one year17 | €236,000 | €236,000 | €236,000 | €236,000 | €236,000 | = |
| Financial debts170/4 | - | €236,000 | €236,000 | €236,000 | €236,000 | = |
| Amounts payable within one year42/48 | €17,632 | €20,838 | €22,924 | €25,417 | €204,044 | ▲ 703% |
| Other amounts payable47/48 | - | €20,838 | €22,924 | €25,417 | €204,044 | ▲ 703% |
| Accrued charges and deferred income492/3 | - | - | €450 | €450 | €450 | = |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€3,064 | -€3,255 | -€2,946 | -€2,493 | -€26,411 | ▼ 960% |
| + Depreciation and write-downs630 | €48 | €48 | €410 | - | - | - |
| Operating cash flow (approximation) | -€3,016 | -€3,206 | -€2,536 | -€2,493 | -€26,411 | ▼ 960% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | -€152,217 | - |
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
13-02
KBO administration
UBO non-compliance
event 02-02-2026
06-02
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 37 days late
2025
19-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 170 days late
19-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 536 days late
19-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 901 days late
31-05
Financial
Weakest financial yearnet -€26,411
Net result drops to -€26,411, the lowest in the series.
2024
01-03
KBO administration
UBO non-compliance
event 22-02-2024
2021
23-11
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2020
16-12
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2019
29-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2018
23-11
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2017
24-11
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2016
23-11
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
2 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, Hove · 1 establishment unit since 1985
Ground area
2,951 m²
Building footprint
583 m²
Volume, LiDAR
2,182 m³
2 parcels, Flanders · tallest building 6.3 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
AERO-PHYSICS
since 19852.076.552.937
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23074B0035/00C000 | Flanders | 2,032 m² | 1 · 341 m² | 5.0 m · 1 fl. |
| 11021B0262/00H000 | Flanders | 919 m² | 1 · 242 m² | 6.3 m · 1 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Ans
This company's figures show no positive equity and no headcount, so a size comparison is not possible. These companies share only the sector. Of 213 companies in sector 26510 we hold annual accounts for 166. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded12-09-1985
Fiscal year end31-05
Activities, NACEBEL 2025
26510Manufacture of computer, electronic and optical products
E-invoicing
Reachable via Peppol
Peppol ID
0208:0427690915
Also
9925:BE0427690915
Registered
04-02-2026
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 30 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.