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AERTSSEN GROUP

Active
Public limited companyfounded 198243 yrs activeLaageind 91, 2940 Stabroek, BelgiumKBO/BCE: BE 0423.833.976
Summary

AERTSSEN GROUP has been active since 1982 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €60.1m and a net result of €12.1m. Equity is growing by ~9% per year across the filed fiscal years. Its solvency ranks better than 48% of 3808 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).

Risk analysisWatch ReportCompare
AERTSSEN GROUPActiveChecked score 93/100
Risk analysis ReportCompare

Overview

Activity
Business and other management consultancy
NACE 70200Activities of head offices NACE 70100NACE 70120
#1 company by equity in Stabroek1 site
Size
€30.0mturnover 2025
Staff
104.5 FTE
Equity
€60.1m
Profit
€12.1m
Financial health
93 Excellent Checked score 2025
Bankruptcy chance 12 m
0.1%
Structure
Largest shareholder
ADEME · 24.83%
Board
1 member
Holdings
30
Accounts 44 d early2 of 24 deeds read
Why 93- Liquidity: current ratio 0.16, cash €0+ Size: turnover €30.0m, 104.5 FTE, total assets €118.5m, files consolidated accounts+ Founded in 1982+ Sector Activities of head offices; management consultancy activities (NACE 70)Show the evidence

Checked score

Score 2025
93 / 100
Excellent
Probability in this band: under 0.55%
Better than 48% of its sector peers (NACE 70, medium-sized)
Performance against the sector, not lower risk
Every signal that weighs is under Signals.
Financial strength · tick = 2024
Average
Solvency 76-2
equity 50.7% of total assets
Liquidity 32-4
short-term debt 38.3% · cash 0.0%
Profitability 70+18
return on assets 10.3%
Bankruptcy probability, 12 months
0.1% Very low
0%0.5%1.5%4%10%≥ 25%

Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.1% (797 companies)
Last 24 months 11-2024: 0.1% 12-2024: 0.1%● 0.0% vs 11-2024 01-2025: 0.1%● 0.0% vs 12-2024 02-2025: 0.1%▼ -4.5% vs 01-2025lowest value 03-2025: 0.1%▲ +2.4% vs 02-2025 04-2025: 0.1%▲ +2.3% vs 03-2025 05-2025: 0.1%▲ +3.4% vs 04-2025 06-2025: 0.1%▲ +3.3% vs 05-2025 07-2025: 0.1%▲ +23.4% vs 06-2025 08-2025: 0.1%▼ -19.0% vs 07-2025 09-2025: 0.1%● 0.0% vs 08-2025 10-2025: 0.1%● 0.0% vs 09-2025 11-2025: 0.1%● 0.0% vs 10-2025 12-2025: 0.1%● 0.0% vs 11-2025 01-2026: 0.1%● 0.0% vs 12-2025 02-2026: 0.1%▼ -4.3% vs 01-2026 03-2026: 0.1%▲ +2.2% vs 02-2026 04-2026: 0.1%▲ +2.2% vs 03-2026 05-2026: 0.1%▲ +3.2% vs 04-2026 06-2026: 0.1%▲ +3.1% vs 05-2026 07-2026: 0.1%▲ +1.0% vs 06-2026 08-2026: 0.2%▲ +96.0% vs 07-2026 09-2026: 0.3%▲ +28.8% vs 08-2026highest value 10-2026: 0.1%▼ -62.4% vs 09-2026
  • Liquidity: current ratio 0.16, cash €0 raises the probability
  • Size: turnover €30.0m, 104.5 FTE, total assets €118.5m, files consolidated accounts lowers the probability for this profile
  • Founded in 1982 lowers the probability for this profile
  • Sector Activities of head offices; management consultancy activities (NACE 70) lowers the probability
Credit up to €3,000,000 at 30 days acceptable
Liquidity short (current ratio 0.16 against 0.23 in 2024; short-term debt: 38.3% and cash: 0% of total assets), and 49.3% of the assets are financed with debt.
How it is calculated

The band comes from the bankruptcy probability on a scale of 0 to 100: every 10 points more double the odds of getting through the year without bankruptcy.

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%

Place inside the band: half the bankruptcy probability, half how the company does against its sector peers (NACE 70, medium-sized). Better than this share of them on solvency 40%, liquidity 17%, profitability 72%, growth against the median 62%. That is performance, not lower risk; the band itself always comes from the probability.

Bankruptcy probability: model pd-v3.202610021621, computed on 05-10-2026. The model learns from Belgian bankruptcies and reads the registers, the annual accounts and the gazette.

Ceilings: negative or zero equity, a heavy loss, a special KBO legal situation and a missing filing 59 (two missing 44), an ongoing judicial reorganisation or an ending 24. Financial strength does not count in the score.

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Signals

Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Liquidity: current ratio 0.16, cash €0
In the bankruptcy model this factor raises the probability.
NBB · annual accounts
lowers risk · Size: turnover €30.0m, 104.5 FTE, total assets €118.5m, files consolidated accounts
In the bankruptcy model this factor lowers the probability for this profile.
NBB · annual accounts
lowers risk · Founded in 1982
In the bankruptcy model this factor lowers the probability for this profile.
KBO
lowers risk · Sector Activities of head offices; management consultancy activities (NACE 70)
In the bankruptcy model this factor lowers the probability.
KBO
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 17-06-2026, 44 days ahead of the deadline.
NBB · 4 filings
Deviation from the deadline
2025
44 d early
2024
28 d early
2023
43 d early
2022
25 d early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 4 accounts on average 35 days before the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 32% 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 26 June (4 of the last 4 filed years within 30 days of that day).
Companies Code · seven months
Position in the running window
05-10-2026 today31-12-2026 close31-07-2027 deadline
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage
  1. Appointment: Acacia | bv (director)Permanent representative: Els Verbraecken
  2. Capital & shares · Statutes amendmentApproval · Share class
  3. Annual accounts filedfiscal year 2025 · full…

Key points

  • Positive: Company by equity in Stabroekin the Checked rankings #1 View
  • Heads a groupcompanies controlled 19 View
  • Positive: 4 years of growth in a rowturnover 2025: €30.0m 4 years View
  • Flemish supportawarded 2022 - 2025 €3.0m View
  • New directorlatest change 09-01-2026 · 1 in office 1 joined View
  • Positive: Always filed on timeaccounts within the deadline every year 4 years View

By topic

Financials

Fiscal year
2025
Turnover
€30.0m
Profit
€12.1m
Solvency
50.7%
Turnover▲ 7.4%
Net result
20182025
Go to Financials

Timeline

Events
15
Since
2020
Next accounts
by 31-07-2027
  1. 27-08-2026Appointment: Acacia | bv (director)
  2. 06-07-2026Capital & shares · Statutes amendment
  3. 17-06-2026Annual accounts filed
Go to Timeline

Company details

Sites
1
Legal form
Public limited company
Activity
Business and other management consultancyNACE 70200
Founded
30-12-1982
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

Go further with this company

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