Losses
-€9,238 in three years
Every financial year from 2020 to 2022 closed with a loss. 2022 was the heaviest.
AES
Overview
Lifetime
3 annual accounts with figures on one time axispeak €34,680 (2020)
-€3,393▼ €8,551
lowest -€6,535 (2022)
-€6,535▼ €4,453
peak €5,579 (2020)
-€3,038▼ €6,535
€174,363▲ 4.0%
Board1 name since 2018
1 directorDEVROE Johan Armand Helena
Owners
51%ADCOCHEM
Documentsfilings and deeds
27-04-20233 days before the deadline
2022abbreviated format
Gross margin from €5,158 to -€3,393Loss of €6,535Equity from €3,497 to -€3,038Cash from €72 to €1,893
Key points
from the 2022 annual accounts, the last ones filedDebts
€174,363 102% of the balance sheet
Financial debts 98%Suppliers 1%Other 2%
Of this, €971 falls due within a year.
Filings
3 annual accounts since 2020
The last three annual accounts were filed 3 to 9 days before the end of the period.
No scoreTurnover not published (abbreviated format)
Recent changes
Bankruptcy closure (insufficient assets)
Enterprise Court of Antwerp, Antwerp division · judgment of 10-06-2025 · Bankruptcy
Bankruptcy published
Enterprise Court of Antwerp, Antwerp division · judgment of 11-04-2024 · Bankruptcy
Registered office moved within Antwerp
New registered office: ITALIËLEI 189 BUS 5, 2000 ANTWERPEN · Previous registered office: Italiëlei 189, 2000 Antwerpen · Board meeting of 17-12-2020 · Gazette deed
Incorporation
Founders: ADCOCHEM and DEVROE Johan Armand Helena · Founding capital of €18,600, 100 shares, €6,200 paid up · Appointment: DEVROE Johan Armand Helena (manager) · Gazette deed
Official details
Source: KBO- Status
- Inactivedeed of incorporation of 12-11-2018 · bankruptcy closed on 10-06-2025
- Activity
- “Aannemer van werken in de breedste zin van het woord.” (deed in Dutch)From the articles, 5 activitiesNo NACE code in the KBO yet
- Financial year end
- 30 September
- Peppol
- Not found in the Peppol Directory
Annual accounts to 30-09-2022
- -€3,393
- €6,535▲ 214%
- -€3,038
- €171,325▲ 0.1%
- Filing
- Filed on 27-04-2023
Insights on AES
Equity fell from €5,579 in 2020 to -€3,038 in 2022, while debts rose from €169,209 to €174,363.
On 11 April 2024 the court declared AES bankrupt. Parent company ADCOCHEM went bankrupt the same day.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Financials
Annual accounts 2022
abbreviated format, filed on 27-04-2023, 3 days before the deadline-€3,393
▼ €8,551
-€3,596
▼ €3,754
-€6,535
▼ €4,453
€170,354
▲ 37×
-1.8%
▼ 3.8 percentage points
-
Turnover and EBIT margin are not published. The abbreviated format does not require them.
Balance sheet
balance sheet total €171,325 on 30-09-2022What the company ownsHow it is paid for
in euro
in euro
Filed annual accounts
as filed with the National Bank, click a year to choose it| Line | Trend | 2022 | 2021 | 2020 |
|---|---|---|---|---|
| Balance sheet: assets | ||||
20/58 |
171,325 | 171,101 | 174,788 | |
29/58 |
171,325 | 171,101 | 174,788 | |
40/41 |
169,162 | 170,541 | 174,268 | |
40 |
165,000 | 165,000 | 170,893 | |
41 |
4,162 | 5,541 | 3,375 | |
54/58 |
1,893 | 72 | 32 | |
490/1 |
269 | 488 | 488 | |
| Balance sheet: equity and liabilities | ||||
10/49 |
171,325 | 171,101 | 174,788 | |
10/15 |
-3,038 | 3,497 | 5,579 | |
10/11 |
6,200 | 6,200 | 6,200 | |
14 |
-9,238 | -2,703 | -621 | |
17/49 |
174,363 | 167,604 | 169,209 | |
17 |
170,213 | - | - | |
170/4 |
170,213 | - | - | |
42/48 |
971 | 166,484 | 169,209 | |
44 |
971 | 5,491 | 127,005 | |
440/4 |
971 | 5,491 | 127,005 | |
47/48 |
- | 160,993 | 42,204 | |
492/3 |
3,180 | 1,120 | - | |
| Income statement | ||||
9900 |
-3,393 | 5,158 | 34,680 | |
640/8 |
203 | 5,000 | 198 | |
66A |
- | - | 34,695 | |
9901 |
-3,596 | 158 | -213 | |
75/76B |
266 | 239 | 488 | |
75 |
266 | 239 | 488 | |
65/66B |
3,205 | 2,479 | 896 | |
65 |
3,205 | 2,479 | 896 | |
9903 |
-6,535 | -2,082 | -621 | |
9904 |
-6,535 | -2,082 | -621 | |
9905 |
-6,535 | -2,082 | -621 | |
| Appropriation of the result | ||||
9906 |
-9,238 | -2,703 | -621 | |
14P |
-2,703 | -621 | - | |
| Document | ||||
The notes to these accounts have 4 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the filed accounts (PDF).
Source: Annual accounts 2022 (PDF), filed on 27-04-2023.
Filings
each dot is a set of accounts, on the day it reached the National BankKey figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2022 | 2021 | 2020 |
|---|---|---|---|---|
| 1,821 | 40 | - | ||
| 170,354 | 4,617 | 5,579 | ||
| -1.8% | 2.0% | 3.2% | ||
| - | 1.03 | 1.03 | ||
| - | 47.93 | 30.33 | ||
| - | -59.5% | -11.1% | ||
| -3.8% | -1.2% | -0.4% |
A ratio outside any meaningful range has been withheld (balance sheet total €171,325, equity -€3,038).
Debt to equity is not shown because equity is negative. Debt divided by negative equity means nothing.
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
Insights on AES
The operating result for 2022 is a loss of €3,596, after a profit of €158 in 2021. It is the lowest result since 2020.
Equity is negative. Debt (€174,363) exceeds the balance-sheet total (€171,325).
Board & ownership
Curator
1 mandateCurator, Mechelsesteenweg 271/8.1, 2018 Antwerpen 1
from 11-04-2024 to 10-06-2025
Also on 116 other cases
Last board
1 director, no change since 2018Manager (not named in the articles)
appointed by deed of 12-11-2018
term without a fixed end
listed in the 2022 annual accounts, filed on 27-04-2023
3 other companies bankrupt- Signing authorityThe articles say who may bind the company, for example by signing a contract.
- “gedeponeerd op naam van de vennootschap in oprichting op rekening bij BNP Paribas Fortis. De zaakvoerder heeft de meest uitgebreide machten…”deed of 12-11-2018
Mandates through the years
1 name, the dashed line is todayDEVROE Johan Armand Helena
Manager (not named in the articles)
Manager (not named in the articles)
BoardBankruptcy 11-04-2024
Mandates as a list
- DEVROE Johan Armand Helena
- Manager (not named in the articles), appointed by deed of 12-11-2018, until the bankruptcy of 11-04-2024
Control
Parent
Equity €147,902
Profit €5,870 in 2022
Checked score 24
bankrupt on 11-04-2024
Source: accounts ADCOCHEM 2022
51%
This company
AES
Equity -€3,038
Loss €6,535 in 2022
Capital
- Contribution
- €6,200
- Source
- 2022 annual accounts
Owners through the years
as the annual accounts name themOwners as a list
- ADCOCHEM
Source: lists of holdings in the owners' accounts
Articles of association
deed of 12-11-2018 (in Dutch)- Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
- Last Friday of March at 14:00
Capital transactions
Shareholders according to the deeds
At incorporation
deed of 12-11-2018 ↗
- ADCOCHEM (BE 0589.984.583) founder
- DEVROE Johan Armand Helena founder
The directors' other companies
1 last director with another company that went bankrupt, was dissolved or struck off3 other companies of this director went bankrupt (2024).
- ACS POLYMERS bankruptcy on 11-04-2024Official Gazetteappointed in 2020, still in office
- ADCOCHEM bankruptcy on 11-04-2024Official Gazette
- ADCOS bankruptcy on 11-04-2024Official Gazettemandate until 2019
Source: Belgian Official Gazette (bankruptcies, judicial dissolutions, board mandates), FPS Economy (strike-offs) and the KBO register. A bankruptcy, dissolution or strike-off says nothing about the director's part in it.
Network & group
Group
ADCOCHEM has 2 holdings (2022 accounts)Source: list of holdings in the 2022 accounts of ADCOCHEM. Every holding stands with its own latest accounts.
Earlier ties
| ADCOS via DEVROE Johan Armand Helena, no longer at ADCOS · Director · deed of 27-08-2019 Open bankruptcy · founded in 2004 |
8.2 FTE (2022) |
| ADCOS INTERNATIONAL via DEVROE Johan Armand Helena, no longer at ADCOS INTERNATIONAL · Director · deed of 05-03-2020 No longer active |
total assets €83,200 (2024) |
Connections & network
3 connected companiesThis company
Company
Director
Shareholding
+N: links not shown yet
Click a node to look further, drag to arrange, zoom with the mouse wheel.
Linked via shared directors
ACS POLYMERS
via DEVROE Johan Armand Helena · Director (not named in the articles) · deed of 24-09-2020
Bankrupt · total assets €47,205 (2022)
→
BEDRIJVENCENTRUM MALLE
via DEVROE Johan Armand Helena · Director · deed of 12-05-2020
Founded in 1990 · total assets €478,328 (2025) · negative equity · group KORAMIC INVESTMENTS
→
INVESTCO
via DEVROE Johan Armand Helena · Permanent representative · deed of 12-05-2020
Founded in 2007 · total assets €1.6m (2025) · group KORAMIC INVESTMENTS
→
Timeline
Timeline
9 events since 2018Filings
Financial
Insolvency
Address
20182020202220242026
2025
Bankruptcy closure (insufficient assets) Enterprise Court of Antwerp, Antwerp division · judgment of 10-06-2025
2024
Bankruptcy published Enterprise Court of Antwerp, Antwerp division · judgment of 11-04-2024
2023
Annual accounts 2022 filed PDFabbreviated format · 3 days before the deadline
2022
Weakest financial year net -€6,535 The net result drops to -€6,535, the lowest from 2020 to 2022.
Liquidity more than 171 times current ratio 176.53 The current ratio rises from 1.03 to 176.53. Short-term debt falls from €166,484 to €971.
Annual accounts 2021 filed PDFabbreviated format · 9 days before the deadline
2021
Annual accounts 2020 filed PDFabbreviated format · 7 days before the deadline
Registered office moved within AntwerpNew registered office: ITALIËLEI 189 BUS 5, 2000 ANTWERPEN · Previous registered office: Italiëlei 189, 2000 Antwerpen · Board meeting of 17-12-20202 points ▸
- Board meeting, 17-12-2020
- Registered-office move, ITALIËLEI 189 BUS 5, 2000 ANTWERPEN
2018
IncorporationFounders: ADCOCHEM and DEVROE Johan Armand Helena · Founding capital of €18,600, 100 shares, €6,200 paid up · Appointment: DEVROE Johan Armand Helena (manager)5 points ▸
- Founder, ADCOCHEM
- Founder, DEVROE Johan Armand Helena
- Founding capital, €18,600, 100 shares
- Incorporation, 28-01-2015
- Director appointment, DEVROE Johan Armand Helena (manager (not named in the articles))
- The deed holds 3 more points.
Financial milestones sit on the financial year-end date, not the filing date.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
History
On 12 November 2018 the Belgian Official Gazette published the deed of incorporation of AES.1 In 2021 the registered office moved to Antwerp.2 DEVROE Johan Armand Helena is manager of the company, appointed by deed of 12-11-2018.1 Total assets went from €174,788 in 2020 to €171,325 in 2022.3 The company was declared bankrupt on 11 April 2024. The bankruptcy was closed on 10 June 2025.45
Company details
Purpose, financial year and meetings according to the articles of association
- PurposeThe purpose describes the activities the company may carry out under its articles.
- “Aannemer van werken in de breedste zin van het woord; Aannemer van dakdichtingswerken,inzonderheid met coatings; Gespecialiseerd…”
5 activities
- Aannemer van werken in de breedste zin van het woord.
- Aannemer van dakdichtingswerken,inzonderheid met coatings
- Gespecialiseerd aannemingsbedrijf in de bouwsector inzonderheid voor waterdichtingswerken
- Algemene bouwwerkzaamheden beperkt tot de coördinatie van werken uitgevoerd door onderaannemers
- Het verlenen van adviezen en technische bijstand bij het aanwenden,plaatsen van bouwchemische en bouwtechnologische producten en systemen.
- Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
- Last Friday of March at 14:00
Articles of association, deed of 12-11-2018 (in Dutch)
Inactive
AES is no longer in the KBO register.
- Last annual accounts
- financial year to 30 September 2022
- Last registered office
- Italielei 189, 2000 Antwerpenas published on 23 February 2021
- Legal form
- Private limited company (pre-2019)
- First annual accounts
- financial year 2020