Equity
€683,773 ▲ 37.1%
AERTECH has made a profit without a break since 2021.
AERTECH
Lifetime
20 annual accounts with figures on one time axispeak €378,133 (2025)
€378,133▲ 15.8%
lowest -€51,905 (2020)
€185,094▲ 29.7%
peak €683,773 (2025)
€683,773▲ 37.1%
€663,967▲ 4.0%
peak 1 FTE (2011)
-not published
Board2 names since 2021
2 directorsDE MUYNCK Edwin Gentiel Maria and 1 other
Owners3 names in the annual accounts
Documentsfilings and deeds
16-07-202615 days before the deadline
2025micro format
Gross margin from €326,411 to €378,133Result from €142,752 to €185,094Equity from €498,679 to €683,773Investments €81,400Cash from €45,491 to €84,960
Key points
from the 2025 annual accountsTurnover
≈ €830,000 estimated
The accounts state no turnover.
Investments
€81,400 1.8 × depreciation
Green is investment, beige is depreciation.
Staff
2 employees on 31-12-2025
In 2025, 1 person joined and nobody left.
Filings
20 annual accounts since 2006
Eight of the last ten came late. The 2016 accounts came latest: 61 days after the end of the period.
Position in the sector
€185,094
Higher net result than 95% of companies in specialised construction. Sector median €10,190 · 35,144 companies.
Checked score
89
Excellent
Financially stronger than 58% of micro companies in specialised construction (NACE 43)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.2% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.7% across 47,696 companies (NACE 43, micro).
About 2 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.4%
01-2025: 0.4%● unchanged vs 12-2024
02-2025: 0.4%● unchanged vs 01-2025
03-2025: 0.5%▲ +0.1 percentage points vs 02-2025
04-2025: 0.4%▼ -0.1 percentage points vs 03-2025
05-2025: 0.5%▲ +0.1 percentage points vs 04-2025
06-2025: 0.5%● unchanged vs 05-2025
07-2025: 0.6%▲ +0.1 percentage points vs 06-2025
08-2025: 0.9%▲ +0.3 percentage points vs 07-2025
09-2025: 1.1%▲ +0.2 percentage points vs 08-2025highest value
10-2025: 0.4%▼ -0.7 percentage points vs 09-2025
11-2025: 0.4%● unchanged vs 10-2025
12-2025: 0.4%● unchanged vs 11-2025
01-2026: 0.4%● unchanged vs 12-2025
02-2026: 0.4%● unchanged vs 01-2026
03-2026: 0.4%● unchanged vs 02-2026
04-2026: 0.4%● unchanged vs 03-2026
05-2026: 0.4%● unchanged vs 04-2026
06-2026: 0.4%● unchanged vs 05-2026
07-2026: 0.5%▲ +0.1 percentage points vs 06-2026
08-2026: 0.2%▼ -0.3 percentage points vs 07-2026lowest value
09-2026: 0.2%● unchanged vs 08-2026lowest value
10-2026: 0.2%● unchanged vs 09-2026lowest value
11-2026: 0.2%● unchanged vs 10-2026lowest value
Financial strengthStrong
Score breakdown
raises risk
Sector: Specialised construction activities (NACE 43)
1 of the last 3 accounts late
lowers risk
Size: total assets €1.3m
Founded in 2005
Calculation
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 43, micro). It does better than 55% of them on solvency, 30% on liquidity, 70% on profitability and 78% on growth.
The bankruptcy probability was computed on 10-11-2026 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 very low class on 30-06-2025, 0.1% 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).
Comparable companies, two years later
In July 2024, 31,368 companies had the same profile as AERTECH has now. Each dot stands for 79 companies, two years later.
93.5%
were still trading
5.9%
stopped another way
0.5%
went bankrupt
Another 0.1% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of AERTECH itself: 0.2% within 12 months.
Test of the method
The method was tested on the 497,448 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 31,368 companies, not a prediction for AERTECH. 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.
Credit verdict
Credit of up to €60,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 1.55 (1.35 in 2024), above the usual 1.5. Short-term debt is 37.5% and cash 6.3% of total assets. 49.3% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
lowers riskraises riskneutral
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 16-07-2026, 15 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
15 days early
2024
29 days late
2023
61 days late
2022
31 days late
2021
31 days late
2020
40 days late
2019
13 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 27 days after the deadline. In the sector (NACE 43), the median for financial year 2024 was 1 day before the deadline, and 43% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 31 August (4 of the last 5 accounts filed within 31 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
11-11-2026 today31-12-2026 year end31-07-2027 deadline
Board and ownership
- Edwin De Muynck 93.54%annual accounts 2018
- Charlotte De Muynck 3.23%annual accounts 2018
- Niels De Muynck 3.23%annual accounts 2018
Recent changes
1 manager resigning, 2 directors reappointed
Change of role: DE MUYNCK Edwin Gentiel Maria, from statutory manager to statutory director · Resignation: DE MUYNCK Niels Jérôme Jeanine (manager) · Reappointments: DE MUYNCK Edwin Gentiel Maria (statutory director) and DE MUYNCK Niels Jérôme Jeanine (director) · General meeting of 05-12-2023 · Gazette deed
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0874208738
First establishment
Doornzeelsestraat 58, Evergem
Incorporation
published on 10-06-2005 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| AERTECH Evergem | €1.3m | €378,133 | 50.7% | - |
| P&F Wetteren | €1.3m | €374,788 | 50.7% | 5.6 |
| ELECTRO SERVICE DUPON Beveren-Kruibeke-Zwijndrecht | €1.5m | €340,749 | 15.8% | 0.3 |
| OXIRA Ottignies-Louvain-la-Neuve | €1.4m | €361,974 | 41.3% | 3.2 |
| SITE ASSIST Tienen | €1.4m | €424,503 | 17.3% | 5.8 |
| IGOR Roeselare | €1.4m | €323,443 | 50.7% | - |
| DECRU MARC Koekelare | €1.4m | €447,512 | 77.7% | 4.4 |
These companies have the same main activity as AERTECH: general electrical installation work (NACE 43211). They are comparable in size and age: total assets between €1.3m and €1.5m, founded between 2003 and 2007.
Official details
Source: KBO- Status
- Active since 30-05-2005Normal situation
- Activity
- General electrical installation workNACE 43211and 4 others
- Joint committee
- 149.01Electricians: installation and distribution · annual accounts 2025
- Establishment unit
- 2.147.786.3719940 Evergem, since 02-06-2005
- Financial year end
- 31 December
- Peppol
- Reachable since 20-11-2020
Annual accounts 2025
- €1.3m▲ 18.5%
- Employeeson 31-12-2025
- 2▲ 100%
- Filing
- Filed on 16-07-2026, 15 days before the end of the filing period
Insights on AERTECH
AERTECH files the micro format. That format states no turnover. The gross margin rose from €24,799 in 2006 to €378,133 in 2025.
The balance sheet grew most from 2010 to 2012 through fixed assets.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about AERTECH
- What is the company number of AERTECH?
- The company number of AERTECH is 0874.208.738. The VAT number is the same number with BE in front: BE 0874.208.738.
- Where is AERTECH based?
- The registered office is at Doornzeelsestraat 58, 9940 Evergem.Company details
- What does AERTECH do?
- According to the KBO register, the main activity is general electrical installation work (NACE 43211).
- What is the legal form of AERTECH?
- AERTECH is a private limited company (BV).
- When was AERTECH founded?
- AERTECH was founded on 30-05-2005.
- Is AERTECH still active?
- Yes, AERTECH is an active enterprise in the KBO register.
- How many employees does AERTECH have?
- AERTECH had an average of 1.6 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- Which joint committee does AERTECH fall under?
- In its 2025 annual accounts, AERTECH states joint committee 149.01 (Electricians: installation and distribution).
- What is the turnover of AERTECH?
- The turnover in financial year 2025 is ≈ €830,000. This figure is estimated from the gross margin of €378,133 and 35 comparable companies (NACE 43211). It probably lies between €720,000 and €1.0m.
- Is AERTECH profitable?
- In financial year 2025, AERTECH made a profit of €185,094.
- Where can I find the annual accounts of AERTECH?
- AERTECH filed 20 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of AERTECH due?
- AERTECH must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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