AETHERA
ActiveSummary
The computed 12-month bankruptcy probability of AETHERA is 2.9% (moderate). The 2025 annual accounts show negative equity (-€248,792) and a net result of -€10,335. Equity has been shrinking by about 5.1% per year since 2019. Its solvency ranks better than 5% of 145 sector peers (NACE 20, financial year 2025). The company has been active since 2014 and the Belgian Official Gazette contains no insolvency or warning signals.
Overview
Overview
Official details
Source: KBO- Status
- Active since 21-11-2014 Normal situation
- Activity
- Manufacture of chemicals and chemical products NACE 20590and 5 others
- Establishment unit
- 2.236.681.626 7850 Enghien, since 21-11-2014
- Financial year end
- 30 June
- Peppol
- Reachable since 09-07-2026
Board and ownership
- QUO VADIS PERFORMANCESDirector · since 21-11-2023 · permanent representative Lequeu Geoffroy
- BAUDOUX DominiqueDirector
- DMBB17.5%· score 672025 annual accounts of DMBB
Financial position
- Bankruptcy probabilitywithin 12 months
- 2.9%
- Gross margin
- -€10,145
- ▼ 894%
- Loss
- €10,335
- ▲ 793%
- Equity
- -€248,792
- ▼ 4.3%
- Total assets
- €41,928
- ▼ 32.3%
- Negative equity on 30-06-2025
Score breakdownraises risk1 change of registered office in 24 monthsNegative equity -€248,792Loss of €10,335, the second in a row (financial year 2025)lowers riskSize: total assets €41,928Show the evidence
Checked score
About 3 in 100 comparable companies go bankrupt within 12 months (an estimate).
Calculation
The band follows from the bankruptcy probability. 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 20, micro). It does better than 10% of them on solvency, 14% on liquidity, 11% on profitability and 39% on growth.
The bankruptcy probability was computed on 04-11-2026 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.
The probability rests on the annual accounts with balance sheet date 30-06-2025.
Of the companies with a bankruptcy probability in the moderate class on 30-06-2025, 2.4% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
The company filed its last 7 accounts on average 26 days before the deadline. In the sector (NACE 20), the median for financial year 2024 was 22 days before the deadline, and 26% of those companies filed late.
Searched, nothing found (2)
Financials
Financials · financial year 2025, micro format
Annual accounts 2025 filed on 29-12-2025 PDF all 10 filings
Every figure per financial year
The operating result for 2025 is a loss of €10,305, larger than the loss of €1,027 in 2024. It is the lowest result since 2022.
Turnover and EBIT margin are not published. The micro format does not require them.
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €4,112 | €1,542 | €0 | - | - | - | - | - |
| Other operating charges640/8 | - | - | - | €969 | €193 | €7 | €159 | ▲ 23× |
| Gross operating margin9900 | -€24,342 | -€15,254 | -€27,396 | -€10,640 | -€6,648 | -€1,020 | -€10,145 | ▼ 894% |
| Operating profit (loss)9901 | -€28,573 | -€16,796 | -€27,702 | -€11,609 | -€6,842 | -€1,027 | -€10,305 | ▼ 903% |
| Financial charges65/66B | - | - | - | €115 | €106 | €130 | €30 | ▼ 76.9% |
| Recurring financial charges65 | €26 | €28 | €30 | €115 | €106 | €130 | €30 | ▼ 76.9% |
| Profit (loss) for the period before taxes9903 | -€28,599 | -€16,825 | -€27,732 | -€11,724 | -€6,948 | -€1,157 | -€10,335 | ▼ 793% |
| Profit (loss) for the period9904 | -€28,599 | -€16,825 | -€27,732 | -€11,724 | -€6,948 | -€1,157 | -€10,335 | ▼ 793% |
| Profit (loss) for the period to be appropriated9905 | -€28,599 | -€16,825 | -€27,732 | -€11,724 | -€6,948 | -€1,157 | -€10,335 | ▼ 793% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €70,486 | €64,749 | €63,646 | €50,131 | €47,923 | €61,977 | €41,928 | ▼ 32.3% |
| Formation expenses20 | €190 | €0 | - | - | - | - | - | - |
| Fixed assets21/28 | €1,352 | €0 | - | - | - | - | - | - |
| Intangible fixed assets21 | €1,352 | €0 | - | - | - | - | - | - |
| Current assets29/58 | €68,944 | €64,749 | €63,646 | €50,131 | €47,923 | €61,977 | €41,928 | ▼ 32.3% |
| Stocks and contracts in progress3 | €37,319 | €44,351 | €47,067 | €39,943 | €25,238 | €46,509 | €32,003 | ▼ 31.2% |
| Stocks30/36 | - | - | - | €39,943 | €25,238 | €46,509 | €32,003 | ▼ 31.2% |
| Amounts receivable within one year40/41 | €24,183 | €16,314 | €12,078 | €7,891 | €19,384 | €4,083 | €6,252 | ▲ 53.1% |
| Trade receivables40 | - | - | - | €3,867 | €19,384 | €1,912 | €6,252 | ▲ 227% |
| Other amounts receivable41 | - | - | - | €4,024 | €0 | €2,172 | €0 | ▼ 100% |
| Cash at bank and in hand54/58 | €7,443 | €4,083 | €4,501 | €2,298 | €3,301 | €11,384 | €3,672 | ▼ 67.7% |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €70,486 | €64,749 | €63,646 | €50,131 | €47,923 | €61,977 | €41,928 | ▼ 32.3% |
| Equity10/15 | -€174,072 | -€190,897 | -€218,629 | -€230,353 | -€237,301 | -€238,458 | -€248,792 | ▼ 4.3% |
| Contributions10/11 | €18,550 | €0 | - | €18,550 | €18,550 | €18,550 | €18,550 | = |
| Profit (loss) carried forward14 | -€192,622 | -€209,447 | -€237,179 | -€248,903 | -€255,851 | -€257,008 | -€267,342 | ▼ 4.0% |
| Amounts payable17/49 | €244,558 | €255,646 | €282,275 | €280,484 | €285,224 | €300,435 | €290,720 | ▼ 3.2% |
| Amounts payable after more than one year17 | €168,000 | €168,000 | €168,000 | €168,000 | €168,000 | €168,000 | €168,000 | = |
| Other amounts payable178/9 | - | - | - | €168,000 | €168,000 | €168,000 | €168,000 | = |
| Amounts payable within one year42/48 | €76,558 | €87,646 | €114,275 | €112,484 | €117,224 | €132,435 | €122,720 | ▼ 7.3% |
| Trade debts44 | €75,504 | €87,646 | €114,275 | €112,484 | €116,945 | €132,435 | €122,008 | ▼ 7.9% |
| Suppliers440/4 | - | - | - | €112,484 | €116,945 | €132,435 | €122,008 | ▼ 7.9% |
| Taxes, remuneration and social security45 | - | - | - | - | €279 | €0 | €712 | - |
| Taxes450/3 | - | - | - | - | €279 | €0 | €712 | - |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€28,599 | -€16,825 | -€27,732 | -€11,724 | -€6,948 | -€1,157 | -€10,335 | ▼ 793% |
| + Depreciation and write-downs630 | €4,112 | €1,542 | €0 | - | - | - | - | - |
| Operating cash flow (approximation) | -€24,487 | -€15,283 | -€27,732 | -€11,724 | -€6,948 | -€1,157 | -€10,335 | ▼ 793% |
| Investment in fixed assets (approximation) | - | -€190 | - | - | - | - | - | - |
| Change in cash | - | -€3,360 | €417 | -€2,203 | €1,004 | €8,083 | -€7,713 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 6,907 companies had the same profile as AETHERA has now. Two years later, 85.5% were still going and 5.8% had gone bankrupt.
- Micro
- 10 to 20 years old
- negative equity
- a loss of 10% of the balance sheet or more
Another 0.6% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of AETHERA itself: 2.9% within 12 months.
Test of the method
The method was tested on the 497,446 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 6,907 companies, not a prediction for AETHERA. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Filings with the National Bank (10)
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 30-06-2025 | micro format | 29-12-2025 | 2025-00591587 | |
| 30-06-2024 | micro format | 16-01-2025 | 2025-00005726 | |
| 30-06-2023 | micro format | 20-12-2023 | 2023-00532347 | |
| 30-06-2022 | micro format | 31-01-2023 | 2023-00014559 | |
| 30-06-2021 | micro format | 31-01-2022 | 2022-03300243 | |
| 30-06-2020 | micro format | 29-01-2021 | 2021-03000228 | |
| 30-06-2019 | micro format | 31-10-2019 | 2019-72700538 | |
| 30-06-2018 | micro format | 30-10-2018 | 2018-71700301 | |
| 30-06-2017 | micro format | 30-01-2018 | 2018-03400168 | |
| 30-06-2016 | full format | 30-01-2017 | 2017-03900439 |
Board & ownership
Directors
Board 2
Permanent representatives 1
Owners and capital
Shareholders
1 ownerOwners 1
- Sourceaccounts DMBB 2025Equity €9.7m Profit of €1.5m in 2025 (loss of €1.3m in 2024) Checked score 6717.5%
Capital transactions
- 12-01-2024 Converted to unavailable equity · €18,550
Mandate history
- Board
- mandate already running before its first mention
| Name | Functions and periods |
|---|---|
| QUO VADIS PERFORMANCES |
|
| BAUDOUX Dominique |
|
| Geoffroy LEQUEU |
|
Network & group
Companies at the same address
1 other companyConnections & network
2 current directorsThe network starts from the directors of AETHERA. Every other company they run is a node.
Timeline
Deeds, filings and financial milestones
16-02
Gazette deed
Registered office moved from Enghien to TubizeNew registered office: 44, 1480 Tubize (Saintes) – rue Joseph Wauters · Previous registered office: avenue du Commerce 2, 7850 Enghien (Petit-Enghien) · Resignation: Geoffroy LEQUEU (director)6 points ▸
- Incorporation, 12-11-2014
- General meeting, 22-12-2025
- Registered-office move, 44, 1480 Tubize (Saintes) – rue Joseph Wauters
- Director resignation, Geoffroy LEQUEU
- Director discharge, Geoffroy LEQUEU
- Director appointment, BAUDOUX Dominique (sole director (not named in the articles))
12-01
Gazette deed
Change of role: QUO VADIS PERFORMANCES, from manager to directorPermanent representative: Lequeu Geoffroy6 points ▸
- General meeting, 21-11-2023
- 200 shares
- Registered office clause, Avenue du Commerce 2, 7850 Enghien
- Director appointment, QUO VADIS PERFORMANCES (director (not named in the articles))
- Permanent representative, Lequeu Geoffroy
- Director resignation, QUO VADIS PERFORMANCES (manager)
- The deed holds 4 more points.
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Register details
Identity
KBO recordRegistered office and establishments
1 former office
- 7850 Enghien (Petit-Enghien) until 01-01-2026 · deed of 16-02-2026
Activities
NACEBEL 2025Codes under NACEBEL 2008
9 activities
- Achat, conception, fabrication et/ou mélange d'huiles essentielles ; d’essences et de produits aromatiques naturels ; d'autres produits chimiques n.c.a. ; de préparations pour parfumer ou désodoriser les locaux
- Développement, fabrication et/ou achat de systèmes de diffusion atmosphérique
- Achat, conception, fabrication et/ou mélange de savons, parfums, cosmétiques, lotions pour les cheveux, dentifrices, etc
- Import, export, distribution, commercialisation (vente ou location, publicité, etc) des divers éléments précités, produits, préparations, huiles, essences, mélanges, savons, parfums, cosmétiques, lotions pour les cheveux, dentifrices, etc ainsi que des système de diffusions précités, et de consommables
- Gestion des affaires commerciales, administration commerciale et travaux de bureau
- Consultance, formation et enseignement dans les domaines scientifiques et pharmaceutiques
- Prestation de services (installation, entretien, service après-vente, etc)
- Réparation des équipements et produits
- Constitution et la valorisation d'un patrimoine immobilier pour compte propre, en ce compris : (a) le courtage, la représentation, la commission et la gestion de toutes opérations d’assurances et de réassurances, de prêts avec ou sans hypothèques et de financements ; (b) le courtage, l’achat, la vente, l’échange, la location, la sous-location, la gestion, l’exploitation directe ou indirecte de tous immeubles bâtis et non bâtis et de tous fonds de commerce ; (c) la construction, la transformation, l’aménagement, la décoration et l’ameublement de tous immeubles directement ou par sous-traitants, l’importation, l’exportation, l’achat et la vente, en gros et au détail, de tous produits et marchandises. (d) l’achat et la vente, même d’une quote-part indivise ou d’un droit réel démembré, la conclusion ou reprise de baux emphytéotiques ou de superficies et leur cession, le leasing, la démolition, la rénovation, la transformation, le lotissement, la division, la mise sous le régime de la copropriété forcée (statuts d’immeubles, actes de base), la location, la sous location, l’exploitation, l’échange et en général, tout ce qui se rattache directement à la mise en valeur de toutes propriétés immobilières bâties et non bâties, terrains forestiers et agricoles, étangs, pour son compte propre ou pour compte d’autrui, en Belgique ou à l’étranger
Invoicing and payment
Financial year and general meeting
Accounts at the NBBSites & property
Buildings and parcels at the addresses
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 55033D0080/00X002 | Wallonia | 5,659 m² | 1 · 530 m² | 5.4 m · 2 |
| 25097C0066/00V000 | Wallonia | 160 m² | 1 · 36 m² | 9.6 m · 3 |