AEROPACK
ActiveSummary
AEROPACK has been active since 1992 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €325,257 and a net result of €145,593. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 94% of 37948 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability100=
Solvency100▲+1
Growth78=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €30,000 at 30 days acceptable
Liquidity ample (current ratio 17.51 against 3.19 in 2023; short-term debt: 5.1% and cash: 22.6% of total assets), and 5.1% of the assets are financed with debt.
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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
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
94.9%
Return on assets
42.5%
Age of the figures
21 mo
lowers risk · Growing equity
Reported equity is higher than in 2022 and did not fall compared with 2023. These amounts do not establish the cause of the change.
NBB · annual accounts 2024Equity per financial year
18192021222324
2018 to 2024 · latest year €325,257
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 30-06-2025, 31 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
31 d early
2023
24 d early
2022
36 d early
2021
32 d early
2020
37 d early
2019
39 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 33 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 (1)
History
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Financials · fiscal year 2024, micro schema
Equity
€325,257▲ 81.0%
2023 · €179,664
Total assets
€342,613▲ 41.8%
2023 · €241,604
Net result
€145,593▲ 1.7%
2023 · €143,230
Working capital
€286,533▲ 111%
2023 · €135,900
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
Line20202021202220232024
Operating result-€11,918▲ 9.7%-€8,394▲ 29.6%€94,055€148,200▲ 57.6%€149,128▲ 0.6%
Net result-€11,895▲ 11.4%-€8,441▲ 29.0%€93,858€143,230▲ 52.6%€145,593▲ 1.7%
Equity-€48,983▼ 32.1%-€57,424▼ 17.2%€36,434€179,664▲ 393%€325,257▲ 81.0%
Total assets€11,785▼ 37.8%€13,292▲ 12.8%€119,931▲ 802%€241,604▲ 101%€342,613▲ 41.8%
Debt€60,768▲ 8.4%€70,716▲ 16.4%€83,497▲ 18.1%€61,941▼ 25.8%€17,356▼ 72.0%
Working capital-€50,783▼ 33.1%-€59,241▼ 16.7%€9,426€135,900▲ 1,342%€286,533▲ 111%
Turnover and EBIT margin not published: the micro schema does not require them.
Why a figure moved sharply
- 2024 Equity +81% on 2023. Cause not known from the registers.
- 2023 Equity +393%, Total assets +101% on 2022. Cause not known from the registers.
- 2022 Total assets +802% on 2021. Cause not known from the registers.
Result per fiscal year
Operating resultNet result
The operating result has risen four years in a row; 2024 is 1% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €342,613
Fixed assets
€38,724 ▼ 11.5%
Current assets
€303,889 ▲ 53.6%
Equity and liabilities €342,613
Equity
€325,257 ▲ 81.0%
Debt
€17,356 ▼ 72.0%
Debt's share of the balance-sheet total falls from 25.6% to 5.1%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€169,168▲
2023 · €158,944
Cash flow
€165,633▲
2023 · €153,974
Current ratio
17.51▲
2023 · 3.19
Quick ratio
17.07▲
2023 · 3.07
Debt to equity
0.05▼
2023 · 0.34
ROE
44.8%▼
2023 · 79.7%
ROA
42.5%▼
2023 · 59.3%
Interest coverage
991.37▲
2023 · 100.24
Debt ≤ 1 year
€17,356▼
2023 · €61,941
Income taxes
€3,370▼
2023 · €3,385
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 31,324 companies that looked in July 2024 the way this one looks now, 0.4% went bankrupt within 24 months and 93% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.4%
went bankrupt
5.9%
stopped otherwise
93%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.1% 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 497,058 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% | 1.6% |
| 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 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 31,324 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 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €505 | €837 | €5,093 | €10,744 | €20,040 | ▲ 86.5% |
| Other operating charges640/8 | - | €788 | €1,227 | €1,253 | €1,283 | ▲ 2.4% |
| Gross operating margin9900 | -€11,065 | -€6,769 | €100,375 | €160,197 | €170,450 | ▲ 6.4% |
| Operating profit (loss)9901 | -€11,918 | -€8,394 | €94,055 | €148,200 | €149,128 | ▲ 0.6% |
| Financial income75/76B | - | - | €3 | €0 | €6 | ▲ 1,344% |
| Recurring financial income75 | - | - | €3 | €0 | €6 | ▲ 1,344% |
| Financial charges65/66B | - | €48 | €39 | €1,586 | €171 | ▼ 89.2% |
| Recurring financial charges65 | -€22 | €48 | €39 | €1,586 | €171 | ▼ 89.2% |
| Profit (loss) for the period before taxes9903 | -€11,895 | -€8,441 | €94,019 | €146,615 | €148,963 | ▲ 1.6% |
| Income taxes67/77 | - | - | €161 | €3,385 | €3,370 | ▼ 0.4% |
| Profit (loss) for the period9904 | -€11,895 | -€8,441 | €93,858 | €143,230 | €145,593 | ▲ 1.7% |
| Profit (loss) for the period to be appropriated9905 | -€11,895 | -€8,441 | €93,858 | €143,230 | €145,593 | ▲ 1.7% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €11,785 | €13,292 | €119,931 | €241,604 | €342,613 | ▲ 41.8% |
| Fixed assets21/28 | €1,800 | €1,817 | €27,007 | €43,764 | €38,724 | ▼ 11.5% |
| Intangible fixed assets21 | - | - | - | €27,485 | €21,985 | ▼ 20.0% |
| Tangible fixed assets22/27 | €1,800 | €1,817 | €27,007 | €16,278 | €16,739 | ▲ 2.8% |
| Plant, machinery and equipment23 | - | €1,175 | €816 | €458 | €287 | ▼ 37.3% |
| Furniture and vehicles24 | - | €642 | €26,191 | €15,821 | €16,452 | ▲ 4.0% |
| Current assets29/58 | €9,985 | €11,475 | €92,923 | €197,841 | €303,889 | ▲ 53.6% |
| Amounts receivable after more than one year29 | - | - | - | - | €185,000 | - |
| Other amounts receivable291 | - | - | - | - | €185,000 | - |
| Stocks and contracts in progress3 | €814 | - | - | €7,630 | €7,630 | = |
| Stocks30/36 | - | - | - | €7,630 | €7,630 | = |
| Amounts receivable within one year40/41 | €6,880 | €9,632 | €29,071 | €174,195 | €32,364 | ▼ 81.4% |
| Trade receivables40 | - | €7,643 | €29,069 | €29,194 | €32,253 | ▲ 10.5% |
| Other amounts receivable41 | - | €1,989 | €1 | €145,001 | €111 | ▼ 99.9% |
| Cash at bank and in hand54/58 | €2,291 | €1,726 | €62,024 | €15,389 | €77,278 | ▲ 402% |
| Deferred charges and accrued income490/1 | - | €117 | €1,828 | €627 | €1,617 | ▲ 158% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €11,785 | €13,292 | €119,931 | €241,604 | €342,613 | ▲ 41.8% |
| Equity10/15 | -€48,983 | -€57,424 | €36,434 | €179,664 | €325,257 | ▲ 81.0% |
| Contributions10/11 | €550,000 | €550,000 | €550,000 | €550,000 | €550,000 | = |
| Capital10 | - | €550,000 | €550,000 | - | - | - |
| Issued capital100 | - | €550,000 | €550,000 | - | - | - |
| Reserves13 | - | - | - | €30,000 | €60,000 | ▲ 100% |
| Distributable reserves133 | - | - | - | €30,000 | €60,000 | ▲ 100% |
| Profit (loss) carried forward14 | -€598,983 | -€607,424 | -€513,566 | -€400,336 | -€284,743 | ▲ 28.9% |
| Amounts payable17/49 | €60,768 | €70,716 | €83,497 | €61,941 | €17,356 | ▼ 72.0% |
| Amounts payable within one year42/48 | €60,768 | €70,716 | €83,497 | €61,941 | €17,356 | ▼ 72.0% |
| Trade debts44 | €1,052 | €5,001 | €4,137 | €48,943 | €1,395 | ▼ 97.1% |
| Suppliers440/4 | - | €5,001 | €4,137 | €48,943 | €1,395 | ▼ 97.1% |
| Taxes, remuneration and social security45 | - | - | €19,234 | €11,737 | €15,960 | ▲ 36.0% |
| Taxes450/3 | - | - | €19,234 | €11,737 | €15,960 | ▲ 36.0% |
| Other amounts payable47/48 | - | €65,716 | €60,125 | €1,261 | - | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€11,895 | -€8,441 | €93,858 | €143,230 | €145,593 | ▲ 1.7% |
| + Depreciation and write-downs630 | €505 | €837 | €5,093 | €10,744 | €20,040 | ▲ 86.5% |
| Operating cash flow (approximation) | -€11,390 | -€7,604 | €98,950 | €153,974 | €165,633 | ▲ 7.6% |
| Investment in fixed assets (approximation) | - | -€854 | -€30,283 | -€27,501 | -€15,000 | ▲ 45.5% |
| Change in cash | - | -€565 | €60,298 | -€46,635 | €61,889 | ▲ 233% |
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
2026
11-09
State Gazette act
General meeting · Registered-office move2 facts ▸
State Gazette act
General meeting · Registered-office move
2 facts ▸
- General meeting, 25-06-2026
- Registered-office move, rue Albert Mockel, 89 à 4000 Liège
2025
30-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Highest result since 2018net €145,593 ▲1.7%
Operating result €149,128, net result €145,593, both a record.
31-12
Financial
Liquidity times 5current ratio 17.51
Current ratio from 3.19 to 17.51; short-term debt falls from €61,941 to €17,356.
31-12
Financial
Equity above €200,000Eq €325,257 ▲81%
3 profitable years in a row build equity to €325,257.
07-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Liquidity triplescurrent ratio 3.19
Current ratio from 1.11 to 3.19; short-term debt falls from €83,497 to €61,941.
31-12
Financial
Equity above €150,000Eq €179,664 ▲393%
2 profitable years in a row build equity to €179,664.
25-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Back to profitnet €93,858
Net result €93,858 after 3 loss-making years.
31-12
Financial
Liquidity times 7current ratio 1.11
Current ratio from 0.16 to 1.11.
29-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
Show earlier events
2021
24-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
22-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Weakest financial yearnet -€13,428
Net result drops to -€13,428, the lowest in the series; recovery starts the following year.
28-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 28 days late
2018
06-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
20-06
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
2016
08-06
NBB filing
Annual accounts filed
fiscal year 2015 · full schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 8 acts read
About the unread acts
Of the 8 Belgian State Gazette acts we know for this company, 1 has been read. The other 7 have not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
8 acts for this company are in the Belgian State Gazette, of which we have read 1. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Liège · 1 establishment unit since 2002
Ground area
1,576 m²
Building footprint
65 m²
Volume, LiDAR
698 m³
2 parcels, Wallonia · tallest building 12.2 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
Rue Henri-Vieuxtemps 8, 4000 Liège
since 20022.112.657.030
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 62802D0037/00Z002 | Wallonia | 1,404 m² | - | - |
| 62814C0317/00C003 | Wallonia | 171 m² | 1 · 65 m² | 12.2 m · 4 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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Of 82,642 companies in sector 70200 we hold annual accounts for 52,590. 37,663 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
Founded19-05-1992
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
68110Buying and selling of own real estate
E-invoicing
Reachable via Peppol
Peppol ID
0208:0447411609
Registered
01-12-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.