Aerts Bouw
ActiveSummary
Aerts Bouw has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €982k and a net result of €352k. Equity is growing by ~38.4% per year across the filed fiscal years. Its solvency ranks better than 48% of 2179 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.5% (low).
Checked score
Score 2025
67
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability85▲+10
Solvency61▲+11
Growth78=
Track record100
Bankruptcy probability, 12 months
1.5%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €65k at 30 days acceptable
Liquidity ample (current ratio 1.62 against 1.25 in 2024; short-term debt: 39.3% and cash: 26.7% of total assets), but 63.9% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 41
Relative position
BE, all sectors
reference
Sector 41
higher
← fewer bankruptcies
more bankruptcies →
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
36.1%
Return on assets
12.9%
Age of the figures
9 mo
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 28-07-2026, 3 days ahead of the deadline.
NBB · 6 filingsDeviation from the deadline
2025
3 d early
2024
27 d early
2023
14 d early
2022
34 d early
2021
23 d early
2020
89 d late
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
24-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€982k▲ 39.3%
2024 · €705k
2020: €49k
2021: €185k
2022: €363k
2023: €565k
2024: €705k
2020 → 2025
Total assets
€2.72M▼ 5.4%
2024 · €2.88M
2020: €692k
2021: €709k
2022: €1.35M
2023: €1.69M
2024: €2.88M
2020 → 2025
Net result
€352k▲ 150%
2024 · €141k
2020: €34k
2021: €136k
2022: €178k
2023: €262k
2024: €141k
2020 → 2025
Working capital
€668k▲ 75.6%
2024 · €380k
2020: €13k
2021: €136k
2022: €299k
2023: €383k
2024: €380k
2020 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€185k-€363k▲ 96.3%€565k▲ 55.6%€705k▲ 25.0%€982k▲ 39.3%
Operating result€171k-€229k▲ 34.1%€354k▲ 54.8%€203k▼ 42.5%€489k▲ 140%
Net result€136k-€178k▲ 30.8%€262k▲ 46.9%€141k▼ 46.2%€352k▲ 150%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 140% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €2.72M
Fixed assets
€985k ▼ 0.2%
Current assets
€1.74M ▼ 8.1%
Equity and liabilities €2.72M
Equity
€982k ▲ 39.3%
Debt
€1.74M ▼ 19.9%
Debt's share of the balance-sheet total falls from 75.5% to 63.9%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€603k▲
2024 · €292k
Cash flow
€465k▲
2024 · €229k
Current ratio
1.62▲
2024 · 1.25
Quick ratio
1.50▲
2024 · 0.74
Debt to equity
1.77▼
2024 · 3.08
ROE
35.8%▲
2024 · 20.0%
ROA
12.9%▲
2024 · 4.9%
Interest coverage
21.39▲
2024 · 8.85
Debt ≤ 1 year
€1.07M▼
2024 · €1.51M
Debt > 1 year
€619k▼
2024 · €660k
Income taxes
€118k▲
2024 · €42k
Staff costs
€364k▲
2024 · €174k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 56 lines
Balance sheet
Code20242025
Assets
Total assets20/58€2.88M€2.72M▼
Fixed assets21/28€987k€985k▼
Tangible fixed assets22/27€977k€975k▼
Land and buildings22€743k€716k▼
Plant, machinery and equipment23€83k€85k▲
Furniture and vehicles24€151k€174k▲
Financial fixed assets28€10k€10k=
Current assets29/58€1.89M€1.74M▼
Stocks and contracts in progress3€773k€133k▼
Stocks30/36€118k€133k▲
Contracts in progress37€655k€0▼
Amounts receivable within one year40/41€647k€864k▲
Trade receivables40€633k€686k▲
Other amounts receivable41€14k€178k▲
Cash at bank and in hand54/58€468k€727k▲
Deferred charges and accrued income490/1€2k€12k▲
Equity and liabilities
Total equity and liabilities10/49€2.88M€2.72M▼
Equity10/15€705k€982k▲
Contributions10/11€15k€15k=
Reserves13€690k€967k▲
Distributable reserves133€690k€967k▲
Profit (loss) carried forward14€0€0=
Amounts payable17/49€2.17M€1.74M▼
Amounts payable after more than one year17€660k€619k▼
Financial debts170/4€660k€619k▼
Amounts payable within one year42/48€1.51M€1.07M▼
Current portion of amounts payable after more than one year42€39k€40k▲
Financial debts43€41k€100k▲
Credit institutions430/8€41k€100k▲
Trade debts44€558k€751k▲
Suppliers440/4€558k€751k▲
Advances received on contracts in progress46€760k€0▼
Taxes, remuneration and social security45€52k€54k▲
Taxes450/3€25k€26k▲
Remuneration and social security454/9€26k€28k▲
Other amounts payable47/48€59k€124k▲
Accrued charges and deferred income492/3€2k€52k▲
Income statement
Code20242025
Remuneration, social security and pensions62€174k€364k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€88k€113k▲
Other operating charges640/8€6k€7k▲
Gross operating margin9900€472k€974k▲
Operating profit (loss)9901€203k€489k▲
Financial income75/76B€12k€9k▼
Recurring financial income75€12k€9k▼
Financial charges65/66B€33k€28k▼
Recurring financial charges65€33k€28k▼
Profit (loss) for the period before taxes9903€183k€470k▲
Income taxes67/77€42k€118k▲
Profit (loss) for the period9904€141k€352k▲
Profit (loss) for the period to be appropriated9905€141k€352k▲
Appropriation of the result
Profit (loss) to be appropriated9906€141k€352k▲
Transfer to equity691/2€141k€277k▲
To other reserves6921€141k€277k▲
Profit to be distributed694/7€0€75k▲
Return on contributions (dividend)694€0€75k▲
Social balance
Average headcount (FTE)90873.26.1▲
The notes to these accounts (16 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
28-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Highest result since 2020net €352k ▲150%
Operating result €489k, net result €352k, both a record.
04-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
17-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Equity above €500kEq €565k ▲55.6%
4 profitable years in a row build equity to €565k.
27-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Equity above €200kEq €363k ▲96.3%
3 profitable years in a row build equity to €363k.
08-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Equity above €150kEq €185k ▲279%
2 profitable years in a row build equity to €185k.
28-10
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 89 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 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, Sint-Gillis-Waas · 1 establishment unit since 2019
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Kemphoekstraat(SGW) 679170 Sint-Gillis-WaasGround area
1,244 m²
Building footprint
495 m²
Volume, LiDAR
2,739 m³
Parcel 46020A1080/02H000, Flanders · tallest building 6.8 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Aerts Bouw
since 20192.289.966.003
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 46020A1080/02H000 | Flanders | 1,244 m² | 1 · 495 m² | 6.8 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
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
2023 to 2025 · 4 entries · 3,228 EUR awarded · 2,873 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 2 | 2,545 EUR | 2,429 EUR |
| 2024 | 1 | 608 EUR | 406 EUR |
| 2023 | 1 | 75 EUR | 38 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Premie kwalificerend werkplekleren
Recognitions · licences · registrations
Recognised contractor
3 categoriesAerts Bouw BV46211
Dual-learning approval
2 live approvalsMedewerker ruwbouw (vwo)
Medewerker ruwbouw duaal (so)
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Of 29,797 companies in sector 41001 we hold annual accounts for 16,049. 6,479 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded29-05-2019
Fiscal year end31-12
Activities, NACEBEL 2025
41001General construction of residential buildings
41002Construction of residential and non-residential buildings
41003General construction of other non-residential buildings
Sources
Crossroads Bank for EnterprisesNational Bank · 6 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.