Equity
Equity fell by 52% in 7 years.
Equity fell by 52% in 7 years.
The abbreviated format states no turnover.
Of this, €411,431 falls due within a year.
In 2025, 1 person joined and nobody left.
Seven of the last ten came late. The 2022 accounts came latest: 71 days after the end of the period.
Lower solvency than 81% of companies in other professional activities. Sector median 42.6% · 818 companies.
The dashed line is the sector median: 0.2% across 5,430 companies (NACE 74, micro).
About 5 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
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 74, micro). It does better than 17% of them on solvency, 26% on liquidity, 35% on profitability and 99% on growth.
The bankruptcy probability was computed on 06-11-2026 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 31-12-2025.
Of the companies with a bankruptcy probability in the low class on 30-06-2025, 0.8% 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).
In July 2024, 1,375 companies had the same profile as AORTA+ has now. Each dot stands for 4 companies, two years later.
Another 0.3% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of AORTA+ itself: 0.5% within 12 months.
The method was tested on the 497,447 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 1,375 companies, not a prediction for AORTA+. 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.
Liquidity is insufficient, with a current ratio of 0.92 (0.81 in 2024), below 1. Short-term debt is 49.9% and cash 13.7% of total assets. 95.2% of the assets are financed with debt and provisions.
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
The company filed its last 7 accounts on average 35 days after the deadline. In the sector (NACE 74), the median for financial year 2024 was 3 days before the deadline, and 38% of those companies filed late.
| Company | ||||
|---|---|---|---|---|
| AORTA+ Ghent | - | - | 4.8% | 3 |
| EXPONANZA Ghent | - | - | 40.6% | 3.4 |
| Lauwers & Letters Beerse | - | - | 64.9% | 3 |
| ALL SERVICES BRUSSELS Berchem-Sainte-Agathe | - | - | 25.1% | 4.5 |
| Kapitan Alken | - | - | 24.1% | 2.5 |
| COM2COM Kapelle-op-den-Bos | €4.0m | 5.0% | 35.1% | 4 |
| MIRROR MIRROR Kontich | €0.5m | 7.8% | 56.1% | 3.8 |
These companies have the same main activity as AORTA+: other specialised design activities (NACE 74140). They are comparable in size and age: total assets between €485,000 and €1.1m, founded between 2006 and 2011.
AORTA+ files the abbreviated format. That format states no turnover. The gross margin rose from €72,168 in 2010 to €250,355 in 2025.
The balance sheet grew most from 2017 to 2019 through fixed assets, financed with long-term debt.
wAwORTA holds all the shares.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Turnover and EBIT margin are not published. The abbreviated format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €590,000. Estimated: probably between €360,000 and €1.0m.
Amounts without an identifiable currency are taken as euros.
Higher than 18% of 818 companies in 2025.
Higher than 23% of 783 companies in 2025.
Higher than 50% of 791 companies in 2025.
Net result: middle half · Equity: middle half · Balance sheet total: middle half · Working capital: bottom quarter · Staff: middle half
Staff costs divided by the average number of full-time equivalents.
In 2025, 1 person joined and nobody left. Training hours in 2025: 769.
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | |||||||||||||||||
20/58 |
824,884 | 813,866 | 950,085 | 939,624 | 867,894 | 845,473 | 865,916 | 387,900 | 366,133 | 327,417 | 408,312 | 405,866 | 353,215 | 440,202 | 493,593 | 292,923 | |
20 |
- | - | - | - | - | 0 | 0 | 0 | 0 | 0 | 0 | 0 | - | - | - | - | |
21/28 |
445,602 | 495,029 | 548,724 | 600,304 | 609,735 | 614,320 | 482,905 | 140,593 | 156,987 | 177,662 | 187,294 | 200,387 | 189,187 | 213,873 | 193,714 | 137,336 | |
21 |
- | - | - | - | - | 0 | 0 | 0 | 0 | 0 | 0 | 0 | - | - | - | - | |
22/27 |
442,503 | 491,930 | 545,625 | 597,205 | 606,636 | 611,221 | 479,806 | 137,994 | 154,388 | 175,063 | 184,695 | 197,788 | 189,057 | 213,743 | 193,714 | 137,336 | |
22 |
431,814 | 469,621 | 507,427 | 542,191 | 570,127 | 573,923 | 461,607 | 120,822 | 132,046 | 140,822 | 151,923 | 163,025 | 174,126 | 185,647 | 176,364 | 116,864 | |
23 |
4,053 | 10,119 | 18,609 | 35,178 | 29,902 | 35,869 | 13,156 | 8,262 | 9,378 | 12,856 | 11,258 | 3,811 | 3,637 | 11,749 | 16,226 | 20,137 | |
24 |
6,635 | 12,191 | 19,588 | 19,837 | 6,607 | 1,430 | 5,043 | 8,910 | 12,964 | 21,385 | 21,514 | 30,953 | 11,294 | 16,346 | 1,125 | 335 | |
26 |
- | - | - | - | - | 0 | 0 | 0 | 0 | 0 | 0 | 0 | - | - | - | - | |
27 |
- | - | - | - | - | 0 | 0 | 0 | 0 | 0 | 0 | 0 | - | - | - | - | |
28 |
3,099 | 3,099 | 3,099 | 3,099 | 3,099 | 3,099 | 3,099 | 2,599 | 2,599 | 2,599 | 2,599 | 2,599 | 130 | 130 | - | - | |
29/58 |
379,282 | 318,837 | 401,361 | 339,319 | 258,159 | 231,153 | 383,011 | 247,307 | 209,146 | 149,755 | 221,018 | 205,479 | 164,028 | 226,330 | 299,879 | 155,586 | |
290 |
- | - | - | - | - | 0 | 0 | 0 | 0 | 0 | 0 | 0 | - | - | - | - | |
291 |
- | - | - | - | - | 0 | 0 | 0 | 0 | 0 | 0 | 0 | - | - | - | - | |
3 |
67,391 | 68,283 | 54,229 | 50,262 | 56,345 | 58,455 | 62,456 | 59,620 | 27,129 | 0 | 0 | 0 | - | - | - | - | |
30/36 |
67,391 | 68,283 | 54,229 | 50,262 | 56,345 | 58,455 | 62,456 | 59,620 | 27,129 | 0 | 0 | 0 | - | - | - | - | |
37 |
- | - | - | - | - | 0 | 0 | 0 | 0 | 0 | 0 | 0 | - | - | - | - | |
40/41 |
172,470 | 241,079 | 309,626 | 234,589 | 111,956 | 53,708 | 299,962 | 169,981 | 150,863 | 83,133 | 194,868 | 171,826 | 144,683 | 167,594 | 119,280 | 109,435 | |
40 |
163,242 | 224,837 | 297,272 | 222,034 | 101,263 | 48,007 | 281,334 | 169,981 | 144,094 | 75,207 | 174,950 | 166,736 | 132,658 | 138,029 | 113,720 | 109,007 | |
41 |
9,228 | 16,242 | 12,354 | 12,555 | 10,693 | 5,701 | 18,628 | 0 | 6,768 | 7,925 | 19,918 | 5,090 | 12,025 | 29,565 | 5,560 | 428 | |
50/53 |
500 | 500 | 500 | 500 | 500 | 500 | 500 | 500 | 500 | 0 | 0 | 0 | - | - | - | - | |
54/58 |
113,003 | 3,301 | 17,789 | 45,424 | 83,351 | 111,350 | 15,646 | 13,095 | 29,526 | 36,644 | 8,935 | 30,650 | 17,546 | 56,110 | 162,137 | 29,306 | |
490/1 |
25,919 | 5,674 | 19,218 | 8,544 | 6,008 | 7,140 | 4,446 | 4,111 | 1,129 | 29,978 | 17,215 | 3,002 | 1,799 | 2,626 | 18,463 | 16,846 | |
| Balance sheet: equity and liabilities | |||||||||||||||||
10/49 |
824,884 | 813,866 | 950,085 | 939,624 | 867,894 | 845,473 | 865,916 | 387,900 | 366,133 | 327,417 | 408,312 | 405,866 | 353,215 | 440,202 | 493,593 | 292,923 | |
10/15 |
39,546 | 879 | -21,071 | 47,739 | 57,047 | 50,796 | 50,611 | 83,006 | 49,324 | 48,190 | 46,538 | 42,093 | 1,599 | 14,821 | 49,342 | 31,541 | |
10/11 |
18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | |
100 |
- | - | - | - | - | - | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | |
101 |
- | - | - | - | - | - | 0 | 0 | 0 | 0 | 0 | 0 | - | - | - | - | |
11 |
- | - | - | - | - | - | 0 | 0 | 0 | 0 | 0 | 0 | - | - | - | - | |
1100/10 |
- | - | - | - | - | - | 0 | 0 | 0 | 0 | 0 | 0 | - | - | - | - | |
12 |
- | - | - | - | - | 0 | 0 | 0 | 0 | 0 | 0 | 0 | - | - | - | - | |
13 |
20,946 | - | 0 | 38,447 | 38,447 | 32,196 | 32,011 | 64,406 | 29,590 | 29,590 | 27,938 | 23,493 | 17,231 | 17,231 | 30,742 | 12,941 | |
130/1 |
- | - | 0 | 1,860 | 1,860 | 1,860 | - | - | - | - | - | - | - | - | - | - | |
130 |
- | - | - | - | - | - | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | |
1311 |
- | - | 0 | 1,860 | 1,860 | 1,860 | - | - | - | - | - | - | - | - | - | - | |
1312 |
- | - | - | - | - | - | 0 | 0 | 0 | 0 | 0 | 0 | - | - | - | - | |
1313 |
- | - | - | - | - | 0 | - | - | - | - | - | - | - | - | - | - | |
1319 |
- | - | - | - | - | 0 | 0 | 0 | 0 | 0 | 0 | 0 | - | - | - | - | |
132 |
- | - | - | - | - | 0 | 15,371 | 15,371 | 15,371 | 15,371 | 15,371 | 15,371 | 15,371 | 15,371 | 15,371 | 6,470 | |
133 |
20,946 | - | 0 | 36,587 | 36,587 | 30,336 | 14,779 | 47,175 | 12,359 | 12,359 | 10,707 | 6,262 | - | - | 13,511 | 4,610 | |
14 |
0 | -17,721 | -39,671 | -9,308 | - | 0 | 0 | 0 | 1,134 | 0 | 0 | 0 | -34,232 | -21,010 | - | - | |
15 |
- | - | - | - | - | 0 | 0 | 0 | 0 | 0 | 0 | 0 | - | - | - | - | |
160/5 |
- | - | - | - | - | 0 | 0 | 0 | 0 | 0 | 0 | 0 | - | - | - | - | |
160 |
- | - | - | - | - | 0 | 0 | 0 | 0 | 0 | - | - | - | - | - | - | |
161 |
- | - | - | - | - | 0 | 0 | 0 | 0 | 0 | - | - | - | - | - | - | |
162 |
- | - | - | - | - | 0 | 0 | 0 | 0 | 0 | - | - | - | - | - | - | |
163 |
- | - | - | - | - | 0 | 0 | 0 | 0 | 0 | - | - | - | - | - | - | |
164/5 |
- | - | - | - | - | 0 | 0 | 0 | 0 | 0 | - | - | - | - | - | - | |
168 |
- | - | - | - | - | 0 | 0 | 0 | 0 | 0 | 0 | 0 | - | - | - | - | |
17/49 |
785,338 | 812,987 | 971,156 | 891,885 | 810,847 | 794,678 | 815,306 | 304,894 | 316,809 | 279,227 | 361,774 | 363,773 | 351,616 | 425,381 | 444,251 | 261,382 | |
17 |
370,934 | 420,975 | 478,408 | 464,594 | 498,135 | 544,375 | 407,805 | 78,507 | 83,641 | 99,868 | 113,353 | 135,052 | 134,234 | 152,228 | 156,537 | 95,394 | |
170/4 |
370,934 | 420,975 | 478,408 | 464,594 | 498,135 | 544,375 | 407,805 | 78,507 | 83,641 | 99,868 | 113,353 | 135,052 | 134,234 | 152,228 | 156,537 | 95,394 | |
175 |
- | - | - | - | - | 0 | 0 | 0 | 0 | 0 | 0 | 0 | - | - | - | - | |
176 |
- | - | - | - | - | 0 | 0 | 0 | 0 | 0 | 0 | 0 | - | - | - | - | |
178/9 |
- | - | - | - | - | 0 | 0 | 0 | 0 | 0 | 0 | 0 | - | - | - | - | |
42/48 |
411,431 | 391,763 | 490,926 | 426,913 | 312,560 | 248,518 | 406,525 | 225,889 | 230,428 | 177,450 | 246,451 | 226,145 | 214,960 | 269,303 | 287,714 | 165,988 | |
42 |
54,142 | 61,410 | 68,853 | 52,530 | 51,034 | 56,401 | 48,389 | 31,488 | 23,677 | 29,677 | 25,871 | 23,928 | 18,766 | 17,694 | 15,171 | 7,957 | |
43 |
1,045 | 2,587 | 2,588 | 2,573 | - | - | - | - | - | - | - | - | 1,701 | 4,274 | 861 | 3,420 | |
430/8 |
- | - | - | - | - | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1,701 | 4,274 | 861 | 3,420 | |
439 |
1,045 | 2,587 | 2,588 | 2,573 | - | 0 | 0 | 0 | 0 | 0 | 0 | 0 | - | - | - | - | |
44 |
70,082 | 61,889 | 160,953 | 99,129 | 46,505 | 36,208 | 54,413 | 52,854 | 59,255 | 34,969 | 92,960 | 36,594 | 58,542 | 141,751 | 73,735 | 117,800 | |
440/4 |
70,082 | 61,889 | 160,953 | 99,129 | 46,505 | 36,208 | 54,413 | 52,854 | 59,255 | 34,969 | 92,960 | 36,594 | 58,542 | 141,751 | 73,735 | 117,800 | |
441 |
- | - | - | - | - | 0 | 0 | 0 | 0 | 0 | 0 | 0 | - | - | - | - | |
46 |
- | - | - | - | - | 0 | 0 | 0 | 0 | 0 | 0 | 0 | - | - | - | - | |
45 |
47,413 | 31,881 | 33,592 | 36,722 | 44,174 | 25,164 | 12,036 | 44,905 | 13,410 | 10,062 | 9,334 | 24,443 | 1,616 | 928 | 19,573 | 5,056 | |
450/3 |
35,056 | 25,775 | 22,407 | 19,849 | 30,472 | 14,513 | 110 | 32,239 | 236 | 167 | 56 | 16,495 | 473 | 41 | 19,573 | 5,056 | |
454/9 |
12,357 | 6,105 | 11,185 | 16,873 | 13,702 | 10,651 | 11,926 | 12,666 | 13,174 | 9,894 | 9,278 | 7,948 | 1,143 | 887 | - | - | |
47/48 |
238,750 | 233,995 | 224,940 | 235,960 | 170,847 | 130,745 | 291,687 | 96,642 | 134,086 | 102,743 | 118,287 | 141,180 | 134,335 | 104,656 | 178,375 | 31,754 | |
492/3 |
2,973 | 249 | 1,822 | 377 | 152 | 1,785 | 976 | 498 | 2,740 | 1,908 | 1,971 | 2,576 | 2,421 | 3,851 | - | - | |
| Income statement | |||||||||||||||||
70 |
- | - | - | - | - | - | - | - | 0 | 0 | 0 | 0 | - | - | - | - | |
76A |
- | - | - | - | - | 0 | 0 | 0 | 0 | 0 | 0 | 0 | - | - | - | - | |
9900 |
250,355 | 199,497 | 156,011 | 165,574 | 135,167 | 121,226 | 230,256 | 186,137 | 176,383 | 162,355 | 134,849 | 172,371 | 66,903 | 15,314 | 133,336 | 72,168 | |
60/61 |
- | - | - | - | - | - | - | - | 0 | 0 | 0 | 0 | - | - | - | - | |
62 |
126,230 | 75,086 | 121,119 | 98,145 | 56,291 | 43,538 | 75,698 | 91,653 | 89,112 | 78,082 | 79,959 | 75,784 | 33,890 | 7,152 | - | - | |
630 |
54,800 | 56,564 | 56,869 | 50,321 | 48,627 | 38,047 | 77,241 | 27,571 | 27,175 | 30,269 | 26,430 | 24,739 | 24,266 | 24,287 | 17,730 | 39,622 | |
631/4 |
- | 0 | 11,967 | - | - | 0 | 478 | 0 | 0 | 0 | 0 | 4,497 | 2,710 | - | - | - | |
635/8 |
- | - | - | - | - | 0 | 0 | 0 | 0 | 0 | 0 | 0 | - | - | - | - | |
640/8 |
6,826 | 24,636 | 10,937 | 4,996 | 4,615 | 2,580 | 1,646 | 2,141 | 2,310 | 7,181 | 1,609 | 952 | 847 | 1,483 | 720 | 1,751 | |
649 |
- | - | - | - | - | 0 | 0 | 0 | 0 | 0 | 0 | 0 | - | - | - | - | |
66A |
- | - | - | - | - | 0 | 0 | 0 | 0 | 0 | 0 | 0 | - | - | - | - | |
9901 |
62,499 | 43,212 | -44,880 | 12,112 | 25,634 | 37,061 | 75,193 | 64,772 | 57,787 | 46,823 | 26,851 | 66,398 | 5,191 | -17,607 | 114,886 | 30,796 | |
75/76B |
167 | 1,793 | 141 | 65 | 161 | 48 | 170 | 147 | 168 | 170 | 338 | 1,006 | 228 | 1,003 | 1,067 | 1,126 | |
75 |
167 | 1,793 | 141 | 65 | 161 | 48 | 170 | 147 | 168 | 170 | 338 | 1,006 | 228 | 1,003 | 1,067 | 1,126 | |
76B |
- | - | - | - | - | 0 | 0 | 0 | 0 | 0 | - | - | - | - | - | - | |
65/66B |
23,776 | 22,895 | 23,916 | 21,345 | 19,406 | 20,254 | 11,536 | 12,866 | 12,133 | 9,960 | 16,260 | 17,632 | 18,566 | 17,903 | 14,343 | 9,368 | |
65 |
23,776 | 22,895 | 23,916 | 21,345 | 19,406 | 20,254 | 11,536 | 12,866 | 12,133 | 9,960 | 16,260 | 17,632 | 18,566 | 17,903 | 14,343 | 9,368 | |
66B |
- | - | - | - | - | 0 | 0 | 0 | 0 | 0 | - | - | - | - | - | - | |
9903 |
38,891 | 22,110 | -68,656 | -9,168 | 6,388 | 16,855 | 63,826 | 52,053 | 45,823 | 37,034 | 10,928 | 49,772 | -13,147 | -34,507 | 101,610 | 22,553 | |
67/77 |
223 | 160 | 154 | 140 | 137 | 1,670 | 4,879 | 18,372 | 5,939 | 4,268 | 6,483 | 9,279 | 74 | 14 | 8,808 | 9,612 | |
9904 |
38,667 | 21,950 | -68,810 | -9,308 | 6,251 | 15,185 | 58,947 | 33,682 | 39,884 | 32,765 | 4,445 | 40,493 | -13,222 | -34,521 | 92,801 | 12,941 | |
789 |
- | - | - | - | - | 15,371 | 0 | 0 | 0 | 0 | 0 | 0 | - | - | - | - | |
689 |
- | - | - | - | - | 0 | 0 | 0 | 0 | 0 | 0 | 0 | - | - | 8,901 | 6,470 | |
9905 |
38,667 | 21,950 | -68,810 | -9,308 | 6,251 | 30,556 | 58,947 | 33,682 | 39,884 | 32,765 | 4,445 | 40,493 | -13,222 | -34,521 | 83,901 | 6,470 | |
| Appropriation of the result | |||||||||||||||||
9906 |
20,946 | -17,721 | -78,118 | -9,308 | 6,251 | 30,556 | 58,947 | 34,816 | 39,884 | 32,765 | 4,445 | 6,262 | -34,232 | -34,521 | 83,901 | 6,470 | |
14P |
-17,721 | -39,671 | -9,308 | - | - | - | - | - | - | - | - | - | - | - | - | - | |
791/2 |
- | 0 | 38,447 | - | - | 0 | 0 | 0 | 0 | 0 | 0 | 0 | - | 13,511 | - | - | |
691/2 |
20,946 | - | - | 0 | 6,251 | 15,556 | 947 | 34,816 | - | 1,652 | 4,445 | 6,262 | - | - | 8,901 | 6,470 | |
691 |
- | - | - | - | - | 0 | 0 | 0 | 0 | 0 | 0 | 0 | - | - | - | - | |
6920 |
- | - | - | - | - | 0 | 0 | 0 | 0 | 0 | 0 | 0 | - | - | - | 1,860 | |
6921 |
20,946 | - | - | 0 | 6,251 | 15,556 | 947 | 34,816 | 0 | 1,652 | 4,445 | 6,262 | - | - | 8,901 | 4,610 | |
694/7 |
- | - | - | - | - | 15,000 | 58,000 | - | 38,750 | 31,113 | - | - | - | - | 75,000 | - | |
694 |
- | - | - | - | - | 0 | 0 | 0 | 0 | 1,113 | 0 | 0 | - | - | - | - | |
695 |
- | - | - | - | - | 15,000 | 58,000 | 0 | 38,750 | 30,000 | 0 | 0 | - | - | 75,000 | - | |
696 |
- | - | - | - | - | 0 | 0 | 0 | 0 | 0 | - | - | - | - | - | - | |
| Social balance sheet | |||||||||||||||||
9087 |
3 | 2 | 2.3 | 2 | 1.3 | 1 | 1.8 | 2 | 2 | 2 | 2 | 2 | 1 | 0.3 | - | - | |
Hours worked1013 |
3,344 | 1,920 | 3,560 | 3,216 | 1,832 | 1,480 | 2,856 | 3,128 | 3,304 | 3,320 | 3,464 | 3,423 | 1,720 | 368 | - | - | |
| Document | |||||||||||||||||
The notes to these accounts have 17 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.
Source: Annual accounts 2025 at the NBB, filed on 24-08-2026.
2025 annual accounts filed 24 days after the deadline. Filed on 24 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00425416.
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | abbreviated format | 24-08-2026 | 2026-00425416 | |
| 31-12-2024 | abbreviated format | 10-10-2025 | 2025-00540988 | |
| 31-12-2023 | abbreviated format | 24-09-2024 | 2024-00476730 | |
| 31-12-2022 | abbreviated format | 10-10-2023 | 2023-00485586 | |
| 31-12-2021 | abbreviated format | 31-08-2022 | 2022-20410417 | |
| 31-12-2020 | abbreviated format | 29-07-2021 | 2021-43900172 | |
| 31-12-2019 | abbreviated format | 24-07-2020 | 2020-33800155 | |
| 31-12-2018 | abbreviated format | 30-07-2019 | 2019-41700126 | |
| 31-12-2017 | abbreviated format | 31-08-2018 | 2018-57500430 | |
| 31-12-2016 | abbreviated format | 26-09-2017 | 2017-62500260 | |
| 31-12-2015 | abbreviated format | 31-08-2016 | 2016-53400327 | |
| 31-12-2014 | abbreviated format | 31-08-2015 | 2015-54700386 | |
| 31-12-2013 | abbreviated format | 29-08-2014 | 2014-52100456 | |
| 31-12-2012 | abbreviated format | 30-08-2013 | 2013-52200163 | |
| 31-12-2011 | abbreviated format | 26-07-2012 | 2012-34600019 | |
| 31-12-2010 | abbreviated format | 29-07-2011 | 2011-36000360 |
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 117,299 | 99,776 | 11,989 | 62,433 | 74,260 | 75,108 | 152,434 | 92,342 | 84,962 | 77,092 | 53,281 | 91,137 | 29,456 | 6,679 | 132,616 | 70,417 | ||
| 93,468 | 78,514 | -11,941 | 41,013 | 54,878 | 53,232 | 136,188 | 61,252 | 67,059 | 63,035 | 30,875 | 65,232 | 11,044 | -10,235 | 110,532 | 52,563 | ||
| 5,373 | 2,869 | 25,722 | 40,891 | 44,042 | 169,462 | 424,095 | 11,177 | 6,500 | 20,637 | 13,337 | 35,939 | -420 | 44,445 | 74,108 | 176,958 | ||
| 109,702 | -14,488 | -27,635 | -37,927 | -27,999 | 95,703 | 2,551 | -16,431 | -7,118 | 27,709 | -21,715 | 13,104 | -38,564 | -106,027 | 132,831 | - | ||
| -32,149 | -72,926 | -89,565 | -87,594 | -54,401 | -17,364 | -23,514 | 21,417 | -21,282 | -27,695 | -25,433 | -20,666 | -50,932 | -42,973 | 12,165 | -10,401 | ||
| 4.8% | 0.1% | -2.2% | 5.1% | 6.6% | 6.0% | 5.8% | 21.4% | 13.5% | 14.7% | 11.4% | 10.4% | 0.5% | 3.4% | 10.0% | 10.8% | ||
| 0.92 | 0.81 | 0.82 | 0.79 | 0.83 | 0.93 | 0.94 | 1.09 | 0.91 | 0.84 | 0.90 | 0.91 | 0.76 | 0.84 | 1.04 | 0.94 | ||
| 0.76 | 0.64 | 0.71 | 0.68 | 0.65 | 0.69 | 0.79 | 0.83 | 0.79 | 0.84 | 0.90 | 0.91 | 0.76 | 0.84 | 1.04 | 0.94 | ||
| 19.86 | - | - | 18.68 | 14.21 | 15.64 | 16.11 | 3.67 | 6.42 | 5.79 | 7.77 | 8.64 | - | 28.70 | 9.00 | 8.29 | ||
| 97.8% | - | - | -19.5% | 11.0% | 29.9% | 116.5% | 40.6% | 80.9% | 68.0% | 9.6% | 96.2% | -826.6% | -232.9% | 188.1% | 41.0% | ||
| 4.7% | 2.7% | -7.2% | -1.0% | 0.7% | 1.8% | 6.8% | 8.7% | 10.9% | 10.0% | 1.1% | 10.0% | -3.7% | -7.8% | 18.8% | 4.4% | ||
| 4.93 | 4.36 | 0.50 | 2.92 | 3.83 | - | - | - | - | - | - | - | - | - | - | - |
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.
| Item | 31-12-2025 | 31-12-2024 | 31-12-2023 | 31-12-2022 | 31-12-2021 |
|---|---|---|---|---|---|
| Employees at the balance-sheet date | 3 | 2 | 2 | 2 | 2 |
| full-time | 3 | 2 | 2 | 2 | 2 |
| part-time | 0 | 0 | 0 | 0 | - |
| in full-time equivalents | 3 | 2 | 2 | 2 | 2 |
| 3 | 2 | 2.3 | 2 | 1.3 | |
| On a permanent contract | 3 | 2 | 2 | 2 | 2 |
| Joined | 1 | - | 1 | - | 1 |
| Left | 0 | - | 1 | - | 0 |
| Training hours | 769 | - | - | - | - |
Source: social balance sheet in the 2021 to 2025 annual accounts
| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Tangible fixed assets | €5,373 | €2,869 | €25,722 | €40,891 | €44,042 |
| Financial fixed assets | €0 | - | - | - | - |
| €54,800 | €56,564 | €56,869 | €50,321 | €48,627 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
The operating result for 2025 is 45% higher than in 2024 and the highest since 2019. It is the second rise in a row, after the fall in 2023.
Debt's share of the balance-sheet total falls from 99.9% to 95.2%. Equity is higher and debt is lower.
Source: lists of holdings in the owners' accounts
Source: list of holdings in the 2025 accounts of wAwORTA. Every holding stands with its own latest accounts.
The network starts from the directors of AORTA+. Every other company they run is a node.
Deadline for the 2026 accounts: 31-07-2027
Financial milestones sit on the financial year-end date, not the filing date.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
| Establishment | Since | Unit number |
|---|---|---|
| Molenwalstraat 23 registered office 9030 Ghent | 26-03-2009 | 2.177.178.955 |
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 44038A0496/00D002 | 1,249 m² | 1 · 722 m² | 7.8 m · 2 |
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