AERTS PASCAL
ActiveSummary
AERTS PASCAL has been active since 2007 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €8,927 and a net result of €836. Equity is growing by about 16% per year across the filed financial years. Its solvency ranks better than 22% of 34,807 sector peers (NACE 43, financial year 2025). The computed 12-month bankruptcy probability is 0.7% (low).
Overview
- Equity
- €8,927
- Profit
- €836
Why 69raises riskLast filed accounts filed 31 days late; 2 of the last 3 lateSector: Specialised construction activities (NACE 43)lowers riskFounded in 2007Liquidity: current ratio 1.06, cash €14,733Show the evidence
Checked score
About 7 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
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 21% on solvency, 67% on liquidity, 40% on profitability and 56% on growth.
The bankruptcy probability was computed on 29-10-2026 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
This company filed its last 7 accounts on average 22 days before 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 (2)
- Annual accounts filedfinancial year 2025 · micro…
- Liquidity more than doubledcurrent ratio 1.06
- Annual accounts filedfinancial year 2024 · micro…
Financials · financial year 2025, micro format
2025 annual accounts filed late (31 days) Filed on 31 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00504186.
2021 to 2025, 5 financial years 2018 to 2025, 8 financial years
The operating result falls in 2025; 2025 is 57% below 2024.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 43, Specialised construction activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Peer companies
Historical observationOf the 4,508 companies that looked in July 2024 the way this one looks now, 1.4% went bankrupt within 24 months and 96.9% are still going.
- Micro
- 10 to 20 years old
- solvency 10 to 30%
- a profit under 5% of the balance sheet
A further 0.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.7% 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 497,445 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74.5% 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 4,508 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.
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €7,092 | €7,092 | €7,166 | €8,047 | €8,952 | €1,984 | €1,868 | €1,650 | ▼ 11.7% |
| Other operating charges640/8 | - | - | - | €1,098 | €746 | €1,004 | €1,095 | €753 | ▼ 31.2% |
| Gross operating margin9900 | €9,078 | €2,992 | €16,864 | €8,156 | €14,055 | -€1,250 | €8,721 | €4,861 | ▼ 44.3% |
| Operating profit (loss)9901 | €787 | -€5,108 | €9,014 | -€988 | €4,357 | -€4,238 | €5,758 | €2,459 | ▼ 57.3% |
| Financial income75/76B | - | - | - | €3 | €0 | €17 | €0 | €1 | ▲ 32× |
| Recurring financial income75 | €200 | €15 | €46 | €3 | €0 | €17 | €0 | €1 | ▲ 32× |
| Financial charges65/66B | - | - | - | €1,217 | €105 | €114 | €279 | €411 | ▲ 47.4% |
| Recurring financial charges65 | €91 | €88 | €102 | €109 | €105 | €114 | €279 | €411 | ▲ 47.4% |
| Non-recurring financial charges66B | - | - | - | €1,109 | - | - | - | - | - |
| Profit (loss) for the period before taxes9903 | -€9 | -€5,180 | €8,958 | -€2,203 | €4,252 | -€4,335 | €5,480 | €2,049 | ▼ 62.6% |
| Income taxes67/77 | - | - | €136 | €108 | €1,471 | -€8 | - | €1,213 | - |
| Profit (loss) for the period9904 | -€9 | -€5,180 | €8,822 | -€2,311 | €2,780 | -€4,327 | €5,480 | €836 | ▼ 84.7% |
| Profit (loss) for the period to be appropriated9905 | -€9 | -€5,180 | €8,822 | -€2,311 | €2,780 | -€4,327 | €5,480 | €836 | ▼ 84.7% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €33,919 | €28,867 | €27,062 | €20,186 | €42,980 | €14,073 | €31,373 | €45,332 | ▲ 44.5% |
| Fixed assets21/28 | €28,248 | €21,157 | €15,956 | €14,349 | €6,151 | €4,167 | €20,299 | €23,605 | ▲ 16.3% |
| Tangible fixed assets22/27 | €28,186 | €21,095 | €15,894 | €14,287 | €6,089 | €4,105 | €20,237 | €23,543 | ▲ 16.3% |
| Plant, machinery and equipment23 | - | - | - | €4,987 | €4,379 | €2,982 | €1,639 | €5,285 | ▲ 222% |
| Furniture and vehicles24 | - | - | - | €9,299 | €1,710 | €1,123 | €598 | €258 | ▼ 56.9% |
| Other tangible fixed assets26 | - | - | - | - | - | - | €18,000 | €18,000 | = |
| Financial fixed assets28 | €62 | €62 | €62 | €62 | €62 | €62 | €62 | €62 | = |
| Current assets29/58 | €5,671 | €7,710 | €11,107 | €5,837 | €36,829 | €9,906 | €11,074 | €21,727 | ▲ 96.2% |
| Stocks and contracts in progress3 | €112 | - | - | - | - | - | - | - | - |
| Amounts receivable within one year40/41 | €3,364 | €2,450 | €3,154 | €3,840 | €32,836 | €6,175 | €8,502 | €5,997 | ▼ 29.5% |
| Trade receivables40 | - | - | - | €2,928 | €21,287 | €6,012 | €2,036 | €2,960 | ▲ 45.4% |
| Other amounts receivable41 | - | - | - | €913 | €11,549 | €163 | €6,465 | €3,037 | ▼ 53.0% |
| Cash at bank and in hand54/58 | €993 | €5,030 | €7,792 | €1,827 | €3,786 | €2,734 | €1,576 | €14,733 | ▲ 835% |
| Deferred charges and accrued income490/1 | - | - | - | €170 | €208 | €997 | €997 | €997 | = |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €33,919 | €28,867 | €27,062 | €20,186 | €42,980 | €14,073 | €31,373 | €45,332 | ▲ 44.5% |
| Equity10/15 | €2,827 | -€2,354 | €6,469 | €4,158 | €6,939 | €2,611 | €8,091 | €8,927 | ▲ 10.3% |
| Contributions10/11 | €19,000 | €19,000 | - | €19,000 | €19,000 | €19,000 | €19,000 | €19,000 | = |
| Reserves13 | €1,900 | €1,900 | €1,900 | €1,900 | €1,900 | €1,900 | €1,900 | €1,900 | = |
| Non-distributable reserves130/1 | - | - | - | €1,900 | €1,900 | €1,900 | €1,900 | €1,900 | = |
| Reserves not available under the articles1311 | - | - | - | €1,900 | €1,900 | €1,900 | €1,900 | €1,900 | = |
| Profit (loss) carried forward14 | -€18,073 | -€23,254 | -€14,431 | -€16,742 | -€13,961 | -€18,289 | -€12,809 | -€11,973 | ▲ 6.5% |
| Amounts payable17/49 | €31,093 | €31,220 | €20,594 | €16,028 | €36,042 | €11,461 | €23,282 | €36,406 | ▲ 56.4% |
| Amounts payable after more than one year17 | - | - | - | - | - | - | - | €15,994 | - |
| Financial debts170/4 | - | - | - | - | - | - | - | €15,994 | - |
| Amounts payable within one year42/48 | €31,093 | €31,220 | €20,594 | €16,028 | €36,042 | €11,461 | €23,282 | €20,411 | ▼ 12.3% |
| Current portion of amounts payable after more than one year42 | - | - | - | - | - | - | - | €3,085 | - |
| Trade debts44 | €4,067 | €2,554 | €4,437 | €5,249 | €26,579 | €3,946 | €13,035 | €5,903 | ▼ 54.7% |
| Suppliers440/4 | - | - | - | €5,249 | €26,579 | €3,946 | €13,035 | €5,903 | ▼ 54.7% |
| Advances received on contracts in progress46 | - | - | - | €4,300 | €1,272 | €4,079 | €9,712 | €8,481 | ▼ 12.7% |
| Taxes, remuneration and social security45 | - | - | - | €305 | €2,083 | €3,073 | €535 | €2,942 | ▲ 449% |
| Taxes450/3 | - | - | - | €305 | €2,083 | €2,688 | €535 | €1,213 | ▲ 127% |
| Remuneration and social security454/9 | - | - | - | - | - | €385 | - | €1,729 | - |
| Other amounts payable47/48 | - | - | - | €6,174 | €6,108 | €364 | - | - | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€9 | -€5,180 | €8,822 | -€2,311 | €2,780 | -€4,327 | €5,480 | €836 | ▼ 84.7% |
| + Depreciation and write-downs630 | €7,092 | €7,092 | €7,166 | €8,047 | €8,952 | €1,984 | €1,868 | €1,650 | ▼ 11.7% |
| Operating cash flow (approximation) | €7,083 | €1,912 | €15,989 | €5,736 | €11,732 | -€2,343 | €7,347 | €2,486 | ▼ 66.2% |
| Investment in fixed assets (approximation) | - | €0 | -€1,965 | -€6,440 | -€754 | €0 | -€18,000 | -€4,956 | ▲ 72.5% |
| Change in cash | - | €4,038 | €2,762 | -€5,965 | €1,958 | -€1,051 | -€1,158 | €13,157 | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Latest 10 of 19 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | micro format | 31-08-2026 | 2026-00504186 |
| 31-12-2024 | micro format | 31-08-2025 | 2025-00472108 |
| 31-12-2023 | micro format | 24-06-2024 | 2024-00168058 |
| 31-12-2022 | micro format | 26-06-2023 | 2023-00162031 |
| 31-12-2021 | micro format | 25-05-2022 | 2022-20034279 |
| 31-12-2020 | full format | 28-06-2021 | 2021-28200042 |
| 31-12-2019 | full format | 17-06-2020 | 2020-17800387 |
| 31-12-2018 | full format | 19-06-2019 | 2019-20600161 |
| 31-12-2017 | full format | 31-12-2018 | 2018-76300170 |
| 31-12-2016 | full format | 29-08-2017 | 2017-51400087 |
Similar companies · same sector, comparable size
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Not every act has been read: a resignation may still be missing
Mandate history
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| Pascal AERTS |
|
Owners and capital
Capital and shareholders
- 23-07-2024 Converted to unavailable equity · €19,000
Group and network
Connections & network
1 current directorThe network starts from this company’s directors. Other companies they run appear here as nodes.
History
Acts, filings and financial milestones
23-07
Gazette deed
Amendment of the articles · Legal-form change · Resignations & appointments · MiscellaneousResignation: Pascal AERTS (manager) · Reappointment: Pascal AERTS (director) · Incorporation10 facts ▸
- General meeting, 18-07-2024
- Incorporation, 28-03-2007
- Other provision, “statute modification history, statuts n’ont pas été modifiés” (deed in French)
- Amendment of the articles (2 times)
- Capital conversion, “compte de capitaux propres statutairement indisponible” (deed in French)
- Reserve release, “suppression, compte de capitaux propres statutairement indisponible” (deed in French)
- Capital
- Director resignation, Pascal AERTS (manager)
- Director reappointment, Pascal AERTS (director (not named in the articles))
- Director discharge, Pascal AERTS
Show earlier events
About the unread acts
Of the 2 Belgian Official Gazette deeds we know for this company, 1 has been read. The other one has not been read yet: what they contain is neither established nor disproved here.
Register details
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 30 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Check the withholding obligation If you pay this company for building or cleaning work, check before every payment whether you must withhold part of the invoice, with enterprise number 0888.729.935
Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.
Sites & property
1 establishment unit
1 parcel
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 92114G0428/00Z000 | Wallonia | 768 m² | 1 · 57 m² | - |
How the parcels are linked
Articles of association
What the company does
- PurposeThe activities the company may carry out under its articles.
- “Le développement des activités relatives à {'achat,la vente,l'Importation et l'exportation d'articles en PVC,de bois,de meubles,de…” (deed in French)
5 activities (deed in French)
- Le développement des activités relatives à {'achat,la vente,l'Importation et l'exportation d'articles en PVC,de bois,de meubles,de placards,de portes,de châssis,et tout ce qui touche au secteur des travaux de décoration et d'entretien d'immeubles,de locaux,d'habitations en général
- La menuiserie en bois (pose) et en PVC,la menuiserie métallique de portes et notamment portes coupe-feu,de châssis,ainsi que le commerce de détail pour la menuiserie de détail et pour la menuiserie charpenterie
- La pose et l'entretien de clôtures
- Le placement et la vente de parquets et cloisons
- L'entreprise d'isolation thermique et acoustique
- DurationHow long the company exists; usually unlimited, so until it is dissolved.
- Unlimited
- Name clauseThe name the company operates under according to its articles.
- AERTS PASCAL
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- “Région wallonne, transfert en tout endroit Région Bruxelles-Capitale ou région langue française par simple décision organe d’administration…” (deed in French)
Who represents it, and how
- Board ruleHow the board is made up, meets and takes decisions.
- “Organe d'administration, personnes physiques ou morales,actionnaires ou non” (deed in French)“Fixe ou proportionnelle, mandat d'administrateur exercé gratuitement ou non” (deed in French)
Capital, shares and profit
- Kind of sharesWhich classes of shares exist and what rights each class carries.
- “Actions, registre actions nominatives” (deed in French)
- Transfer restrictionWhether shareholders may sell their shares freely or need approval first.
- One provision in the deed
- Share issue ruleHow and by whom new shares can be issued.
- One provision in the deed
Meetings and financial year
- Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
- Third Friday of May at 18:00
Oversight and winding up
- Dissolution ruleWhen and by whom the company can be dissolved.
- “Délibérant dans les formes prévues pour les modifications aux statuts, peut être dissoute en tout temps” (deed in French)
- Liquidation ruleHow assets are shared after dissolution: creditors first, then shareholders.
- “Dissolution pour quelque cause et à quelque moment que ce soit, faculté de désigner un ou plusieurs liquidateurs et déterminer pouvoirs et…” (deed in French)