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AEROS

Active
Private limited company (pre-2019)founded 198244 yrs activeBookmolenstraat (BAA) 135, 9200 Dendermonde, BelgiumKBO/BCE: BE 0422.188.144
Summary

The annual accounts of AEROS for fiscal year 2025 show a net loss of 76% of the equity at the start of that year. The 2025 annual accounts show equity of €4,342 and a net result of -€13,659. Equity is shrinking by ~21.7% per year and would, assuming unchanged policy, indicatively turn negative around fiscal year 2026. Its solvency ranks better than 14% of 416 sector peers (fiscal year 2025). The company has been active since 1982 and the Belgian State Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 0.2% (very low).

Overview

Activity
Manufacture of other non-metallic mineral products
NACE 23660NACE 23690NACE 26660
1 site
Size
€135,491total assets 2025
Equity
€4,342
Loss
-€13,659
Turnover not published (abridged schema)
Financial health
53 Fair Checked score 2025
Bankruptcy chance 12 m
0.2%
Structure
Accounts 35 d early
Why 53Capped at 59: a net loss of at least half of total assets or of the equity at the start of the financial year- Loss of €13,659, the second in a row (FY 2025)- Equity €4,342 (3.2% of total assets)+ Size: total assets €135,491+ Sector Manufacture of other non-metallic mineral products (NACE 23)Show the evidence

Checked score

Score 2025
53 / 100
Fair
Probability in this band: 1.5% to 4.2%
Better than 10% of its sector peers (NACE 23, micro)
Performance against the sector, not lower risk
A net loss of at least half of total assets or of the equity at the start of the financial year caps the score at 59. Every signal that weighs is under Signals.
Financial strength · tick = 2024
Weak
Solvency 28-9
equity 3.2% of total assets
Liquidity 27-5
short-term debt 95.6% · cash 22.0%
Profitability 8-36
return on assets -10.1%
Bankruptcy probability, 12 months
0.2% Very low
0%0.5%1.5%4%10%≥ 25%

About 2 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.1% (853 companies)
Last 24 months 11-2024: 0.2% 12-2024: 0.2%● 0.0% vs 11-2024 01-2025: 0.2%▼ -1.5% vs 12-2024 02-2025: 0.2%● 0.0% vs 01-2025 03-2025: 0.2%● 0.0% vs 02-2025 04-2025: 0.2%▲ +0.5% vs 03-2025 05-2025: 0.2%▲ +2.0% vs 04-2025 06-2025: 0.2%▲ +11.5% vs 05-2025 07-2025: 0.3%▲ +31.9% vs 06-2025 08-2025: 0.4%▲ +46.1% vs 07-2025highest value 09-2025: 0.1%▼ -82.6% vs 08-2025 10-2025: 0.1%● 0.0% vs 09-2025 11-2025: 0.1%● 0.0% vs 10-2025 12-2025: 0.1%● 0.0% vs 11-2025 01-2026: 0.1%▼ -1.3% vs 12-2025lowest value 02-2026: 0.1%● 0.0% vs 01-2026lowest value 03-2026: 0.1%● 0.0% vs 02-2026lowest value 04-2026: 0.1%● 0.0% vs 03-2026lowest value 05-2026: 0.1%● 0.0% vs 04-2026lowest value 06-2026: 0.1%▲ +11.7% vs 05-2026 07-2026: 0.1%▲ +15.1% vs 06-2026 08-2026: 0.2%▲ +73.7% vs 07-2026 09-2026: 0.2%▲ +20.9% vs 08-2026 10-2026: 0.2%▼ -4.3% vs 09-2026
  • Loss of €13,659, the second in a row (FY 2025) raises the probability
  • Size: total assets €135,491 lowers the probability for this profile
  • Equity €4,342 (3.2% of total assets) raises the probability
  • Sector Manufacture of other non-metallic mineral products (NACE 23) lowers the probability
No publishable credit limit; credit only on tighter terms
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity short (current ratio 0.34 against 0.36 in 2024; short-term debt: 95.6% and cash: 22% of total assets), and 96.8% of the assets are financed with debt.
How it is calculated

The band comes from the bankruptcy probability on a scale of 0 to 100: every 10 points more double the odds of getting through the year without bankruptcy.

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%

Place inside the band: half the bankruptcy probability, half how the company does against its sector peers (NACE 23, micro). Better than this share of them on solvency 11%, liquidity 17%, profitability 9%, growth against the median 4%. That is performance, not lower risk; the band itself always comes from the probability.

Bankruptcy probability: model pd-v3.202610021621, computed on 03-10-2026. The model learns from Belgian bankruptcies and reads the registers, the annual accounts and the gazette.

Ceilings: negative or zero equity, a heavy loss, a special KBO legal situation and a missing filing 59 (two missing 44), an ongoing judicial reorganisation or an ending 24. Financial strength does not count in the score.

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Signals

Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Loss of €13,659, the second in a row (FY 2025)
In the bankruptcy model this factor raises the probability.
NBB · annual accounts
lowers risk · Size: total assets €135,491
In the bankruptcy model this factor lowers the probability for this profile.
NBB · annual accounts
raises risk · Equity €4,342 (3.2% of total assets)
In the bankruptcy model this factor raises the probability.
NBB · annual accounts
lowers risk · Sector Manufacture of other non-metallic mineral products (NACE 23)
In the bankruptcy model this factor lowers the probability.
KBO
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025
Net result per financial year
1819202122232425
2018 to 2025 · latest year -€13,659
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 14% of 416 sector peers (2025).
NBB · sector comparison
Position among 416 sector peers
Solvency
better than 14%
← 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 26-06-2026, 35 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
35 d early
2024
1 d early
2023
52 d early
2022
56 d early
2021
41 d early
2020
47 d early
2019
48 d late
← 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 26 days before the deadline; the sector median for financial year 2024 is 11 days before the deadline, and 34% 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. Usually files around 20 June (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Position in the running window
04-10-2026 today31-12-2026 close31-07-2027 deadline
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage
  1. Annual accounts filedfiscal year 2025 · micro…
  2. Annual accounts filedfiscal year 2024 · micro…
  3. Annual accounts filedfiscal year 2023 · micro…

Key points

  • Risk: 8 loss-making years in a rowloss fiscal year 2025 -€13,659 View
  • Caution: Among the weakest 14% on net resultsector median €6,024 · 415 companies -€13,659 View
  • Positive: Always filed on timeaccounts within the deadline every year 6 years View

By topic

Financials

Fiscal year
2025
Total assets
€135,491
Loss
-€13,659
Solvency
3.2%
Total assets▼ 9.4%
Net result
20182025
Go to Financials

Timeline

Events
11
Since
2017
Next accounts
by 31-07-2027
  1. 26-06-2026Annual accounts filed
  2. 30-07-2025Annual accounts filed
  3. 09-06-2024Annual accounts filed
Go to Timeline

Company details

Sites
1
Legal form
Private limited company (pre-2019)
Activity
Manufacture of other non-metallic mineral productsNACE 23660
Founded
19-02-1982
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

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