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AERTSSEN LIFTING

Active
Public limited companyfounded 199036 yrs activeLaageind 91, 2940 Stabroek, BelgiumKBO/BCE: BE 0441.175.794
Summary

The computed 12-month bankruptcy probability of AERTSSEN LIFTING is 3.5% (moderate). The 2024 annual accounts show equity of €6.0m and a net result of -€4.4m. Equity is shrinking by ~9.5% per year across the filed fiscal years. The company has been active since 1990 and the Belgian State Gazette contains no insolvency or warning signals.

Risk analysisWatch ReportCompare
AERTSSEN LIFTINGActiveChecked score 49/100
Risk analysis ReportCompare

Overview

Activity
Warehousing and support activities for transportation
NACE 52241Other specialised construction activities NACE 43990NACE 71320
#1 company by total assets in Stabroek, Transport and storage sector6 sites
Size
€49.9mturnover 2024
Staff
197.2 FTE
Equity
€6.0m
Loss
-€4.4m
Financial health
49 Fair Checked score 2024
Bankruptcy chance 12 m
3.5%
Structure
Parent
AERTSSEN GROUP · 100%
Board
4 members
Accounts 46 d early
Why 49- Liquidity: current ratio 1.01, cash €147,885- Equity €6.0m (14.6% of total assets)- Figures for FY 2024 (filed 23-06-2025)- Loss of €4.4m, the second in a row (FY 2024)Show the evidence

Checked score

Score 2024
49 / 100
Fair
Probability in this band: 1.5% to 4.2%
Better than 34% of its sector peers (NACE 52, medium-sized)
Performance against the sector, not lower risk
Every signal that weighs is under Signals.
Financial strength · tick = 2023
Weak
Solvency 40-10
equity 14.6% of total assets
Liquidity 33-2
short-term debt 38.1% · cash 0.4%
Profitability 40-31
return on assets -10.8%
Bankruptcy probability, 12 months
3.5% Moderate
0%0.5%1.5%4%10%≥ 25%

About 4 in 100 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.6% (176 companies)
Last 16 months 07-2025: 2.5% 08-2025: 2.5%● 0.0% vs 07-2025 09-2025: 2.5%● 0.0% vs 08-2025 10-2025: 2.5%● 0.0% vs 09-2025 11-2025: 2.5%● 0.0% vs 10-2025 12-2025: 2.5%● 0.0% vs 11-2025 01-2026: 2.5%● 0.0% vs 12-2025 02-2026: 2.4%▼ -2.9% vs 01-2026lowest value 03-2026: 2.5%▲ +1.2% vs 02-2026 04-2026: 2.5%● 0.0% vs 03-2026 05-2026: 2.5%● 0.0% vs 04-2026 06-2026: 2.5%▲ +1.8% vs 05-2026 07-2026: 2.5%▲ +1.3% vs 06-2026 08-2026: 2.7%▲ +7.3% vs 07-2026 09-2026: 2.9%▲ +7.9% vs 08-2026 10-2026: 3.5%▲ +20.9% vs 09-2026highest value
  • Liquidity: current ratio 1.01, cash €147,885 raises the probability
  • Equity €6.0m (14.6% of total assets) raises the probability
  • Figures for FY 2024 (filed 23-06-2025) raises the probability
  • Loss of €4.4m, the second in a row (FY 2024) raises the probability
Credit up to €290,000 at 30 days acceptable
Liquidity tight (current ratio 1.01 against 1.08 in 2023; short-term debt: 38.1% and cash: 0.4% of total assets), and 85.4% 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 52, medium-sized). Better than this share of them on solvency 33%, liquidity 37%, profitability 24%, growth against the median 42%. That is performance, not lower risk; the band itself always comes from the probability.

Bankruptcy probability: model pd-v3.202610021621, computed on 02-10-2026. 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.
+raises risk○neutral
raises risk · Liquidity: current ratio 1.01, cash €147,885
In the bankruptcy model this factor raises the probability.
NBB · annual accounts
raises risk · Equity €6.0m (14.6% of total assets)
In the bankruptcy model this factor raises the probability.
NBB · annual accounts
raises risk · Figures for FY 2024 (filed 23-06-2025)
In the bankruptcy model this factor raises the probability.
NBB · annual accounts
raises risk · Loss of €4.4m, the second in a row (FY 2024)
In the bankruptcy model this factor raises the probability.
NBB · annual accounts
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 15-06-2026, 46 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
46 d early
2024
42 d early
2023
43 d early
2022
38 d early
2021
38 d early
2020
50 d early
2019
32 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 41 days before the deadline; the sector median for financial year 2024 is 8 days before the deadline, and 36% 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 19 June (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Position in the running window
02-10-2026 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. Annual accounts filedfiscal year 2025 · full…
  2. Resignations & appointmentsPower of attorney · Mandate…
  3. Reappointments: AERTSSEN GREGORIUS, AERTSSEN YVES and…State Gazette act

Key points

  • Caution: Result fell in 2024from -€1.0m to -€4.4m ▼ 333% View
  • Positive: Company by total assets in Stabroek, Transport and…in the Checked rankings #1 View
  • Positive: Always filed on timeaccounts within the deadline every year 8 years View
  • Controlled by AERTSSEN GROUP 100% View
  • Merger with MICHIELSENSmerger on 01-01-2025 2025 View
  • Caution: 2 loss-making years in a rowloss fiscal year 2024 -€4.4m View
  • Flemish supportawarded 2022 - 2025 €288,432 View

By topic

Financials

Fiscal year
2024
Turnover
€49.9m
Loss
-€4.4m
Solvency
14.6%
Turnover▲ 12.7%
Net result
20182024
Go to Financials

Timeline

Events
34
Since
2012
Next accounts
by 31-07-2027
  1. 15-06-2026Annual accounts filed
  2. 18-02-2026Resignations & appointments
  3. 01-08-2025Reappointments: AERTSSEN GREGORIUS, AERTSSEN YVES and 2…
Go to Timeline

Company details

Sites
6
Legal form
Public limited company
Activity
Warehousing and support activities for transportationNACE 52241
Founded
21-06-1990
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

Articles of association

Provisions read
1
Purpose
Het voorwerp luidt overeenkomstig artikel 3 van de statuten letterlijk als volgt: De…
Go to Articles of association

Go further with this company

How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check What other support did companies like this one receive, and it did not?Subsidies Which other companies belong to the same group?AERTSSEN GROUP · 18 companies

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