Financials
- Fiscal year
- 2025
- Turnover
- €22.4m
- Profit
- €4.4m
- Solvency
- 39.6%
Turnover▲ 5.7%
Net result
20182025
AIRCOPLUS
ActiveSummary
AIRCOPLUS has been active since 1998 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €5.9m and a net result of €4.4m. Equity is growing by ~11.7% per year across the filed fiscal years. Its solvency ranks better than 58% of 1009 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Overview
Activity
General construction of residential buildings
NACE 41001General construction of buildings NACE 41201Installation of electric heating, air conditioning, cooling and ventilation NACE 43222
#6 employer in Aalst, Construction sector1 site
Size
€22.4mturnover 2025
- Staff
- 38.2 FTE
- Equity
- €5.9m
- Profit
- €4.4m
Structure
- Parent
- Jan De Nul · 100%
- Board
- 1 member
Accounts 2 d early1 of 17 deeds read
Why 89- 1 change of registered office in 24 months+ Size: turnover €22.4m, 38.2 FTE, total assets €15.0m+ Founded in 1998+ Figures for FY 2025 (filed 29-07-2026)Show the evidence
Checked score
Score 2025
89
/ 100
Excellent
Probability in this band: under 0.55%
Better than 63% of its sector peers (NACE 41, small)
Performance against the sector, not lower risk
Financial strength · tick = 2024
Strong
Solvency
65+3
equity 39.6% of total assets
Liquidity
30+4
short-term debt 57.7% · cash 8.2%
Profitability
100+11
return on assets 29.0%
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
About 2 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
11-2024: 1.1%
12-2024: 1.1%● 0.0% vs 11-2024
01-2025: 1.1%● 0.0% vs 12-2024
02-2025: 1.1%▼ -3.3% vs 01-2025
03-2025: 1.1%▼ -2.6% vs 02-2025
04-2025: 1.0%▼ -2.9% vs 03-2025
05-2025: 1.0%▲ +1.2% vs 04-2025
06-2025: 1.0%▲ +0.4% vs 05-2025
07-2025: 1.3%▲ +22.0% vs 06-2025
08-2025: 1.7%▲ +34.2% vs 07-2025highest value
09-2025: 0.3%▼ -83.3% vs 08-2025
10-2025: 0.3%● 0.0% vs 09-2025
11-2025: 0.3%● 0.0% vs 10-2025
12-2025: 0.3%● 0.0% vs 11-2025
01-2026: 0.3%● 0.0% vs 12-2025
02-2026: 0.3%▼ -3.9% vs 01-2026
03-2026: 0.3%▲ +3.3% vs 02-2026
04-2026: 0.3%▼ -3.5% vs 03-2026
05-2026: 0.6%▲ +124% vs 04-2026
06-2026: 0.6%▲ +2.1% vs 05-2026
07-2026: 0.6%▲ +1.8% vs 06-2026
08-2026: 0.2%▼ -62.0% vs 07-2026lowest value
09-2026: 0.2%● 0.0% vs 08-2026lowest value
10-2026: 0.2%● 0.0% vs 09-2026lowest value
- 1 change of registered office in 24 months raises the probability
- Size: turnover €22.4m, 38.2 FTE, total assets €15.0m lowers the probability for this profile
- Founded in 1998 lowers the probability for this profile
- Figures for FY 2025 (filed 29-07-2026) lowers the probability
Credit up to €500,000 at 30 days acceptable
Liquidity ample (current ratio 1.68 against 1.58 in 2024; short-term debt: 57.7% and cash: 8.2% of total assets), but 60.4% 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 41, small). Better than this share of them on solvency 60%, liquidity 32%, profitability 99%, growth against the median 60%. 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.
Credit check for your own amount and term
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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 29-07-2026, 2 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
2 d early
2024
26 d late
2023
20 d late
2022
31 d late
2021
78 d late
2020
61 d late
2019
66 d late
← 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 40 days after the deadline; the sector median for financial year 2024 is on the deadline day, and 46% 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 August (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
06-10-2026 today31-12-2026 close31-07-2027 deadline
- Annual accounts filedfiscal year 2025 · full…
- Permanent representatives: DE NUL Jan Pieter…Resignations: JDN (class A director)…
- Highest result since 2018net €4.4m ▲67.7%
Key points
- Caution: Board changedlatest change 21-04-2026 · 1 in office 2 joined · 1 left View
- Positive: Among the best 5% on net resultsector median €34,870 · 1,011 companies €4.4m View
- Positive: Result rose in 2025from €2.6m to €4.4m ▲ 67.7% View
- Positive: 8 profitable years in a rowprofit 2025: €4.4m 8 years View
- Controlled by Jan De Nul 100% View
By topic
Board & ownership
- Board
- 1 member
- Parent
- Jan De Nul · 100%
Go to Board & ownership
Network & group
- Connected companies
- 26
Timeline
- Events
- 13
- Since
- 2017
- Next accounts
- by 31-07-2027
- 29-07-2026Annual accounts filed
- 21-04-2026Permanent representatives: DE NUL Jan Pieter J…
- 31-12-2025Highest result since 2018
Company details
- Sites
- 1
- Legal form
- Public limited company
- Activity
- General construction of residential buildingsNACE 41001
- Founded
- 30-01-1998
- Year ends
- 31-12
- Peppol
- Reachable for e-invoices
Articles of association
- Provisions read
- 29
- Annual meeting
- Third Tuesday of June at 11:00
- Purpose
- De studie en de verwezenlijking van airconditioning, koeltechnieken, verwarming, leidingen…
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