AERTS
ActiveSummary
AERTS has been active since 1993 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €2.9m and a net result of €211,360. Equity is growing by ~6% per year across the filed fiscal years. Its solvency ranks better than 68% of 5046 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability74▼-1
Solvency87▼-1
Growth78=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €220,000 at 30 days acceptable
Liquidity ample (current ratio 2.62 against 3.02 in 2024; short-term debt: 23.5% and cash: 9.1% of total assets), and 38.4% of the assets are financed with debt.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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 2025Solvency, return and age of the figures
Solvency
61.6%
Return on assets
4.4%
Age of the figures
9 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Wholesale trade (NACE 46)
about 21% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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 09-07-2026, 22 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
22 d early
2024
13 d early
2023
21 d early
2022
3 d early
2021
30 d early
2020
30 d early
2019
8 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 18 days before the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 39% 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 11 July (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€211,360▼ 13.3%
2024 · €243,888
Working capital
€1.8m▼ 8.3%
2024 · €2.0m
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 46, Wholesale trade, 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€276,936▼ 33.4%€170,986▼ 38.3%€361,623▲ 111%€380,004▲ 5.1%€326,676▼ 14.0%
Net result€188,503above the sector's middle half▼ 40.2%€72,018within the sector's middle half▼ 61.8%€178,317above the sector's middle half▲ 148%€243,888above the sector's middle half▲ 36.8%€211,360within the sector's middle half▼ 13.3%
Equity€3.1mabove the sector's middle half▲ 43.7%€3.2mabove the sector's middle half▲ 2.3%€3.3mabove the sector's middle half▲ 5.6%€3.1mabove the sector's middle half▼ 6.6%€2.9mwithin the sector's middle half▼ 5.4%
Total assets€4.7mabove the sector's middle half▲ 8.2%€4.8mabove the sector's middle half▲ 1.0%€4.9mabove the sector's middle half▲ 2.8%€4.9mabove the sector's middle half▲ 0.5%€4.8mwithin the sector's middle half▼ 2.7%
Debt€1.5m▼ 27.5%€1.5m▼ 1.2%€1.5m▼ 2.4%€1.7m▲ 17.4%€1.8m▲ 2.6%
Working capital€1.9mabove the sector's middle half▲ 94.0%€2.0mabove the sector's middle half▲ 6.9%€2.2mabove the sector's middle half▲ 9.8%€2.0mabove the sector's middle half▼ 9.3%€1.8mwithin the sector's middle half▼ 8.3%
Solvency65.5%above the sector's middle half▲ 16.2pp66.4%above the sector's middle half▲ 0.9pp68.2%above the sector's middle half▲ 1.8pp63.4%within the sector's middle half▼ 4.8pp61.6%within the sector's middle half▼ 1.8pp
Current ratio4.45above the sector's middle half▲ 2.554.20above the sector's middle half▼ 0.254.42above the sector's middle half▲ 0.223.02within the sector's middle half▼ 1.402.62within the sector's middle half▼ 0.39
Return on assets (ROA)4.0%within the sector's middle half▼ 3.2pp1.5%within the sector's middle half▼ 2.5pp3.6%within the sector's middle half▲ 2.1pp5.0%within the sector's middle half▲ 1.3pp4.4%within the sector's middle half▼ 0.5pp
Staff (FTE)8.1within the sector's middle half▲ 15.7%8.5above the sector's middle half▲ 4.9%8.5above the sector's middle half=7.2within the sector's middle half▼ 15.3%6.8within the sector's middle half▼ 5.6%
above
within
below
the middle half (P25 to P75) of NACE 46, Wholesale trade, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 14% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €4.8m
Fixed assets
€1.8m ▼ 5.3%
Current assets
€3.0m ▼ 1.0%
Equity and liabilities €4.8m
Equity
€2.9m ▼ 5.4%
Provisions
€81,546 ▼ 7.6%
Debt
€1.8m ▲ 2.6%
Debt's share of the balance-sheet total rises from 34.9% to 36.7%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€508,773▼
2024 · €558,503
Cash flow
€393,457▼
2024 · €422,387
Quick ratio
1.75▼
2024 · 2.05
Debt to equity
0.60▲
2024 · 0.55
ROE
7.2%▼
2024 · 7.8%
Interest coverage
17.64▲
2024 · 13.14
Debt ≤ 1 year
€1.1m▲
2024 · €986,943
Debt > 1 year
€635,208▼
2024 · €728,595
Income taxes
€101,712▼
2024 · €127,838
Staff costs
€586,806▲
2024 · €572,590
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 17,027 companies that looked in July 2024 the way this one looks now, 0.5% went bankrupt within 24 months and 94% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a profit under 5% of the balance sheet
0.5%
went bankrupt
4.9%
stopped otherwise
94%
still going
A further 0.3% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.3% 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 497,662 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% | 1.7% |
| 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 75% 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 17,027 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 |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €556,047 | €636,847 | €606,373 | €572,590 | €586,806 | ▲ 2.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €171,805 | €182,576 | €181,715 | €178,499 | €182,097 | ▲ 2.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | €1,807 | €0 | - | - |
| Other operating charges640/8 | €22,710 | €41,441 | €15,805 | €15,246 | €24,970 | ▲ 63.8% |
| Gross operating margin9900 | €1.0m | €1.0m | €1.2m | €1.1m | €1.1m | ▼ 2.2% |
| Operating profit (loss)9901 | €276,936 | €170,986 | €361,623 | €380,004 | €326,676 | ▼ 14.0% |
| Financial income75/76B | €15,327 | €13,757 | €7,697 | €26,479 | €8,508 | ▼ 67.9% |
| Recurring financial income75 | €15,327 | €13,757 | €7,697 | €26,479 | €8,508 | ▼ 67.9% |
| Financial charges65/66B | €16,115 | €15,499 | €17,609 | €42,498 | €28,848 | ▼ 32.1% |
| Recurring financial charges65 | €16,115 | €15,499 | €17,609 | €42,498 | €28,848 | ▼ 32.1% |
| Non-recurring financial charges66B | €0 | - | - | - | - | - |
| Profit (loss) for the period before taxes9903 | €276,147 | €169,244 | €351,711 | €363,985 | €306,336 | ▼ 15.8% |
| Transfer from deferred taxes780 | €7,741 | €7,741 | €7,741 | €7,741 | €6,736 | ▼ 13.0% |
| Income taxes67/77 | €95,385 | €104,967 | €181,135 | €127,838 | €101,712 | ▼ 20.4% |
| Profit (loss) for the period9904 | €188,503 | €72,018 | €178,317 | €243,888 | €211,360 | ▼ 13.3% |
| Transfer from tax-exempt reserves789 | €15,033 | €181,533 | €86,233 | €99,233 | €16,037 | ▼ 83.8% |
| Transfer to tax-exempt reserves689 | €0 | - | - | - | - | - |
| Profit (loss) for the period to be appropriated9905 | €203,535 | €253,550 | €264,549 | €343,121 | €227,397 | ▼ 33.7% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €4.7m | €4.8m | €4.9m | €4.9m | €4.8m | ▼ 2.7% |
| Fixed assets21/28 | €2.3m | €2.1m | €2.1m | €1.9m | €1.8m | ▼ 5.3% |
| Intangible fixed assets21 | - | - | - | - | €14,550 | - |
| Tangible fixed assets22/27 | €2.3m | €2.1m | €2.1m | €1.9m | €1.8m | ▼ 6.0% |
| Land and buildings22 | €2.1m | €2.0m | €1.9m | €1.7m | €1.6m | ▼ 6.2% |
| Plant, machinery and equipment23 | €59,167 | €58,383 | €66,102 | €64,470 | €62,367 | ▼ 3.3% |
| Furniture and vehicles24 | €175,351 | €115,657 | €137,952 | €131,623 | €126,074 | ▼ 4.2% |
| Current assets29/58 | €2.4m | €2.6m | €2.8m | €3.0m | €3.0m | ▼ 1.0% |
| Amounts receivable after more than one year29 | - | - | €75,000 | €75,000 | €75,000 | = |
| Other amounts receivable291 | - | - | €75,000 | €75,000 | €75,000 | = |
| Stocks and contracts in progress3 | €759,196 | €876,939 | €913,989 | €957,430 | €982,577 | ▲ 2.6% |
| Stocks30/36 | €759,196 | €876,939 | €913,989 | €957,430 | €982,577 | ▲ 2.6% |
| Amounts receivable within one year40/41 | €694,608 | €933,917 | €904,988 | €690,922 | €856,031 | ▲ 23.9% |
| Trade receivables40 | €581,785 | €825,222 | €784,236 | €556,495 | €707,032 | ▲ 27.1% |
| Other amounts receivable41 | €112,823 | €108,695 | €120,752 | €134,427 | €148,999 | ▲ 10.8% |
| Current investments50/53 | €500,000 | €500,000 | €500,000 | €601,837 | €601,837 | = |
| Cash at bank and in hand54/58 | €458,125 | €312,357 | €443,555 | €653,945 | €434,989 | ▼ 33.5% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €4.7m | €4.8m | €4.9m | €4.9m | €4.8m | ▼ 2.7% |
| Equity10/15 | €3.1m | €3.2m | €3.3m | €3.1m | €2.9m | ▼ 5.4% |
| Contributions10/11 | €1.2m | €1.2m | €1.2m | €1.2m | €1.2m | = |
| Capital10 | €1.2m | €1.2m | €1.2m | €1.2m | €1.2m | = |
| Issued capital100 | €1.2m | €1.2m | €1.2m | €1.2m | €1.2m | = |
| Reserves13 | €1.9m | €2.0m | €2.2m | €2.0m | €1.8m | ▼ 8.6% |
| Non-distributable reserves130/1 | €116,760 | €116,760 | €116,760 | €116,760 | €116,760 | = |
| Legal reserve130 | €116,760 | €116,760 | €116,760 | €116,760 | €116,760 | = |
| Tax-exempt reserves132 | €597,538 | €416,006 | €329,773 | €230,541 | €214,504 | ▼ 7.0% |
| Distributable reserves133 | €1.2m | €1.5m | €1.7m | €1.6m | €1.5m | ▼ 9.5% |
| Profit (loss) carried forward14 | - | - | - | €0 | €0 | - |
| Provisions and deferred taxes16 | €111,504 | €103,763 | €96,023 | €88,282 | €81,546 | ▼ 7.6% |
| Deferred taxes168 | €111,504 | €103,763 | €96,023 | €88,282 | €81,546 | ▼ 7.6% |
| Amounts payable17/49 | €1.5m | €1.5m | €1.5m | €1.7m | €1.8m | ▲ 2.6% |
| Amounts payable after more than one year17 | €973,845 | €873,040 | €819,873 | €728,595 | €635,208 | ▼ 12.8% |
| Financial debts170/4 | €973,845 | €873,040 | €819,873 | €728,595 | €635,208 | ▼ 12.8% |
| Amounts payable within one year42/48 | €541,708 | €624,088 | €641,697 | €986,943 | €1.1m | ▲ 13.9% |
| Current portion of amounts payable after more than one year42 | €104,996 | €100,805 | €112,735 | €97,431 | €94,849 | ▼ 2.7% |
| Trade debts44 | €279,192 | €347,807 | €312,777 | €188,689 | €296,894 | ▲ 57.3% |
| Suppliers440/4 | €279,192 | €347,807 | €312,777 | €188,689 | €296,894 | ▲ 57.3% |
| Taxes, remuneration and social security45 | €157,520 | €175,476 | €216,186 | €235,031 | €210,619 | ▼ 10.4% |
| Taxes450/3 | €43,878 | €36,161 | €101,938 | €170,487 | €116,737 | ▼ 31.5% |
| Remuneration and social security454/9 | €113,642 | €139,315 | €114,248 | €64,544 | €93,882 | ▲ 45.5% |
| Other amounts payable47/48 | €0 | - | - | €465,791 | €522,087 | ▲ 12.1% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €188,503 | €72,018 | €178,317 | €243,888 | €211,360 | ▼ 13.3% |
| + Depreciation and write-downs630 | €171,805 | €182,576 | €181,715 | €178,499 | €182,097 | ▲ 2.0% |
| Operating cash flow (approximation) | €360,308 | €254,594 | €360,031 | €422,387 | €393,457 | ▼ 6.8% |
| Investment in fixed assets (approximation) | - | -€17,144 | -€102,414 | -€61,221 | -€79,954 | ▼ 30.6% |
| Change in cash | - | -€145,768 | €131,198 | €210,390 | -€218,956 | ▼ 204% |
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
09-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
18-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
10-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
28-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Weakest financial yearnet €72,018 ▼61.8%
Net result drops to €72,018, the lowest in the series; recovery starts the following year.
01-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Liquidity doublescurrent ratio 4.45
Current ratio from 1.90 to 4.45; short-term debt falls from €1.1m to €541,708.
01-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Equity above €2mEq €2.2m ▲17.2%
3 profitable years in a row build equity to €2.2m.
23-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
31-12
Financial
Highest result since 2018net €529,396 ▲263%
Operating result €680,796, net result €529,396, both a record.
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 30 days late
2018
30-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 30 days late
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts
We know of 5 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
5 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, Lommel · 1 establishment unit since 1993
Ground area
4,431 m²
Building footprint
2,068 m²
Volume, LiDAR
5,399 m³
Parcel 72020C1408/00D009, Flanders · tallest building 14.1 m. Linked by address, not a title deed.
1 establishment unit
AERTS BVBA
since 19932.063.669.258
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 72020C1408/00D009 | Flanders | 4,431 m² | 1 · 2,068 m² | 14.1 m |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2025 · 1 entry · 2,933 EUR awarded| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 2,933 EUR | 0 EUR |
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Of 1,228 companies in sector 46851 we hold annual accounts for 528. 336 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded17-09-1993
Fiscal year end31-12
Activities, NACEBEL 2025
46851Wholesale of industrial chemicals
47521Retail sale of hardware, building materials, paint and glass (general range)
46833Wholesale trade
47526Retail trade
E-invoicing
Reachable via Peppol
Peppol ID
0208:0450882724
Also
9925:BE0450882724
Registered
02-09-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.