Equity
Debts exceed assets in financial year 2025.
Debts exceed assets in financial year 2025.
Of this, €65,281 falls due within a year.
Lower solvency than 95% of companies in warehousing and transport support. Sector median 42.6% · 1,186 companies.
The dashed line is the sector median: 0.9% across 2,304 companies (NACE 52, micro).
About 2 in 100 comparable companies go bankrupt within 12 months (an estimate).
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 52, micro). It does better than 4% of them on solvency, 0% on liquidity, 20% on profitability and 35% on growth.
The bankruptcy probability was computed on 04-11-2026 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 31-12-2025.
Of the companies with a bankruptcy probability in the moderate class on 30-06-2025, 2.4% 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).
In July 2024, 2,796 companies had the same profile as AERO PRODUCTS has now. Each dot stands for 7 companies, two years later.
Another 1.4% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of AERO PRODUCTS itself: 2.2% within 12 months.
The method was tested on the 497,446 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 2,796 companies, not a prediction for AERO PRODUCTS. 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.
Liquidity is insufficient, with a current ratio of 0.7 (0.71 in 2024), below 1. Short-term debt is 143.1% of total assets. Equity is negative.
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.
The company filed its last 7 accounts on average 27 days after the deadline. In the sector (NACE 52), the median for financial year 2024 was 8 days before the deadline, and 36% of those companies filed late.
| Company | Total assets | Gross margin | Solvency | Staff |
|---|---|---|---|---|
| AERO PRODUCTS Sint-Niklaas | €45,623 | -€1,440 | -2276.2% | - |
| Dominique Coaching & Consultancy Schelle | €51,700 | €543 | 28.0% | - |
| ALBATROS AIR SERVICE Antwerp | €88,472 | -€10,045 | -1.2% | - |
| BRIDGE AVIATION Machelen (Brab.) | €48,099 | €2,406 | 18.4% | - |
| YDECO Pelt | €52,929 | -€434 | -54.1% | - |
| LES AILES NAMUROISES Namur | €123,333 | -€19,186 | 71.8% | - |
| ALIMANDOR Lens (Hainaut) | €119,795 | €4,382 | 93.7% | - |
These companies have the same main activity as AERO PRODUCTS: warehousing and support activities for transportation (NACE 52230). They are comparable in size and age: total assets between €48,100 and €123,000, founded between 1986 and 1997.
AERO PRODUCTS files the micro format. That format states no turnover. The gross margin rose from -€34,771 in 2006 to -€1,440 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
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