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AERTS

Active
Private limited companyfounded 2013active for 13 yearsOkegem-Dorp(Oke) 14, 9400 Ninove, BelgiumKBO/BCE: BE 0537.922.804
Summary

The computed 12-month bankruptcy probability of AERTS is 7.3% (elevated). The 2024 annual accounts show equity of €152,939 and a net result of €23,443. Equity is growing by about 14% per year across the filed financial years. Its solvency ranks better than 81% of 36,379 sector peers (NACE 43, financial year 2024). The company has been active since 2013 and the Belgian Official Gazette contains no insolvency or warning signals.

Overview

Activity
Joinery installation
NACE 43320
1 site
Size
€203,590total assets 2024
Equity
€152,939
Profit
€23,443
Turnover not published (micro format)
Financial health
37 Weak Checked score 2024
Bankruptcy probabilitywithin 12 months
7.3%
Structure
Accounts 71 days overdue1 of 6 deeds read
Why 37raises risk1 change of registered office in 24 monthsFigures for financial year 2024 (filed 04-12-2025)1 financial year not filed after the legal deadline; latest accounts 126 days late; 3 of the last 3 lateSize: total assets €203,590Show the evidence

Checked score

Score 2024
37 / 100
Weak
Probability in this band: 4.2% to 15.0%
Financially better than 67% of its sector peers (NACE 43, micro)
Financial strength · tick = 2023
Strong
Solvency 100+13
equity 75.1% of total assets
Liquidity 52-5
short-term debt 14.1% · cash 3.6%
Profitability 83+6
return on assets 11.5%
Bankruptcy probability, 12 months
7.3% Elevated
0%0.5%1.5%4%10%≥ 25%

About 7 in 100 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.7% (47,541 companies, NACE 43, micro)
Last 24 months 11-2024: 10.4% 12-2024: 10.4%● unchanged vs 11-2024 01-2025: 10.4%● unchanged vs 12-2024 02-2025: 10.9%▲ +0.5 percentage points vs 01-2025highest value 03-2025: 10.9%● unchanged vs 02-2025highest value 04-2025: 2.1%▼ -8.8 percentage points vs 03-2025 05-2025: 2.1%● unchanged vs 04-2025 06-2025: 1.7%▼ -0.4 percentage points vs 05-2025 07-2025: 1.9%▲ +0.2 percentage points vs 06-2025 08-2025: 2.4%▲ +0.5 percentage points vs 07-2025 09-2025: 2.7%▲ +0.3 percentage points vs 08-2025 10-2025: 3.9%▲ +1.2 percentage points vs 09-2025 11-2025: 3.7%▼ -0.2 percentage points vs 10-2025 12-2025: 5.2%▲ +1.5 percentage points vs 11-2025 01-2026: 1.6%▼ -3.6 percentage points vs 12-2025 02-2026: 1.6%● unchanged vs 01-2026 03-2026: 1.6%● unchanged vs 02-2026 04-2026: 1.6%● unchanged vs 03-2026 05-2026: 1.6%● unchanged vs 04-2026 06-2026: 1.5%▼ -0.1 percentage points vs 05-2026lowest value 07-2026: 3.7%▲ +2.2 percentage points vs 06-2026 08-2026: 3.9%▲ +0.2 percentage points vs 07-2026 09-2026: 4.7%▲ +0.8 percentage points vs 08-2026 10-2026: 7.3%▲ +2.6 percentage points vs 09-2026
Credit of up to €5,000 on 30-day terms, only on tighter conditions
Liquidity ample (current ratio 6.33, compared with 3.16 in 2023; short-term debt: 14.1% and cash: 3.6% of total assets), and 24.9% of the assets are financed with debt.
How it is calculated

The band follows from the bankruptcy probability, on a scale where 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): better than 90% on solvency, 47% on liquidity, 65% on profitability and 65% on growth.

The bankruptcy probability was computed on 09-10-2026 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.

Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).

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Signals

Five signals.
raises risk
raises risk · 1 change of registered office in 24 months
Belgian Official Gazette
raises risk · Figures for financial year 2024 (filed 04-12-2025)
NBB · annual accounts
raises risk · 1 financial year not filed after the legal deadline; latest accounts 126 days late; 3 of the last 3 late
NBB · filings
raises risk · Size: total assets €203,590
The company's size counts in the probability; how much depends on the rest of its profile.
NBB · annual accounts
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 04-12-2025, 126 days past the deadline. Measured on financial year 2023: of the companies more than 90 days late, 5.61% are now in a legal situation other than normal in the KBO (such as bankruptcy, liquidation or dissolution), against 1.66% of all filers.
NBB · 9 filings
Deviation from the deadline
2025
not confirmed
2024
126 days late
2023
224 days late
2022
583 days late
2021
153 days late
2019
153 days late
2017
30 days late
← 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 212 days after the deadline; the sector median (NACE 43) for financial year 2024 is 1 day before the deadline, and 43% of those companies filed late.

Searched, nothing found (1)
neutral · No strike-offs in the KBO publications
Searched since 2021.
KBO publications · our coverage
  1. Registered officeRegistered-office move · Power of…
  2. Annual accounts filedfinancial year 2024 · micro…
  3. Annual accounts filedfinancial year 2023 · micro…

Key points

  • Caution: Accounts not fileddeadline was 31-07-2026 71 days late View
  • Positive: Among the best 20% on solvencysector median 46.6% · 36,379 companies 75.1% View
  • Positive: 5 profitable years in a rowprofit 2024: €23,443 5 years View

By topic

Financials

Financial year
2024
Total assets
€203,590
Profit
€23,443
Solvency
75.1%
Total assets▼ 2.2%
Net result
20192024
Go to Financials

Timeline

Events
15
Since
2015
  1. 05-03-2025Annual accounts filed
  2. 31-12-2024Highest result from 2019 to 2024
  3. 31-12-2024Liquidity doubles
Go to Timeline

Company details

Sites
1
Legal form
Private limited company
Activity
Joinery installationNACE 43320
Founded
05-09-2013
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

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