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AURE

Active
Public limited companyfounded 198244 yrs activeLouizalaan 480, 1050 Brussel, BelgiumKBO/BCE: BE 0423.180.019
Summary

AURE has been active since 1982 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €5.7m and a net result of €4,092. Equity is shrinking by ~8.5% per year across the filed fiscal years. Its solvency ranks better than 54% of 3241 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).

Checked score

Score 2025
Axes · tick = 2024
Profitability38▲+4
Solvency83▲+4
Growth58▲+26
Track record100
Bankruptcy probability, 12 months
0.1% Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €380,000 at 30 days acceptable
Liquidity ample (current ratio 2.36 against 2.14 in 2024; short-term debt: 42.3% and cash: 0.3% of total assets), and 42.3% of the assets are financed with debt.
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Signals

Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% fewer bankruptcies
← fewer bankruptcies more bankruptcies →
raises risk · Higher-failure-rate region
In this region companies fail more often than in the rest of the country.
KBO · registered office
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 44 years 0 50 y
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025
Solvency, return and age of the figures
Solvency
57.7%
Return on assets
0%
Age of the figures
9 mo
lowers risk · Lower-risk legal form
Companies with this legal form statistically fail less often than a BV.
KBO · legal form
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filings
Deviation from the deadline
2025
31 d late
2024
31 d early
2023
19 d early
2022
29 d late
2021
24 d late
2020
31 d late
2019
91 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 22 days after the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 32% 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 24 August (4 of the last 5 filed years within 42 days of that day).
Companies Code · seven months
Position in the running window
29-09-2026 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

History

On 16 September 1982, AURE was incorporated.1 In 2026 the registered office moved to Bruxelles.2 Waucquez Jean-Louis has served as managing director of the company since 2025.2 Total assets went from EUR 11 million in 2018 to EUR 9.8 million in 2025.3

  1. 1Crossroads Bank for Enterprises
  2. 2Belgian State Gazette, 19-03-2026
  3. 3National Bank, annual accounts 2018 and 2025

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Financials · fiscal year 2025, full schema

Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€4,092
2024 · -€161,693
Working capital
€5.7m▲ 2.7%
2024 · €5.5m
Trend over the years

Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy activities, each year against the same schema; no band under 30 filings. Dashed line: the median.

Every figure with its change against the fiscal year before
favourable unfavourable
Line20212022202320242025
Operating result-€93,534▲ 50.9%-€93,560=-€33,865▲ 63.8%-€49,108▼ 45.0%-€5,963▲ 87.9%
Net result-€63.6mbelow the sector's middle half▼ 57,997%€44,329within the sector's middle half€298,288above the sector's middle half▲ 573%-€161,693below the sector's middle half€4,092within the sector's middle half
Equity€6.2mabove the sector's middle half▼ 92.2%€6.2mabove the sector's middle half▲ 0.7%€6.5mabove the sector's middle half▲ 4.8%€5.7mabove the sector's middle half▼ 12.9%€5.7mabove the sector's middle half▲ 0.1%
Total assets€21.5mabove the sector's middle half▼ 74.8%€19.6mabove the sector's middle half▼ 8.9%€20.3mabove the sector's middle half▲ 3.9%€10.5mabove the sector's middle half▼ 48.2%€9.8mwithin the sector's middle half▼ 6.3%
Debt€15.3m▲ 164%€13.3m▼ 12.8%€13.8m▲ 3.5%€4.8m▼ 64.9%€4.2m▼ 13.9%
Working capital-€10.0mbelow the sector's middle half-€4.0mbelow the sector's middle half▲ 59.8%-€4.1mbelow the sector's middle half▼ 0.8%€5.5mabove the sector's middle half€5.7mabove the sector's middle half▲ 2.7%
Solvency28.8%within the sector's middle half▼ 64.4pp31.8%within the sector's middle half▲ 3.0pp32.1%within the sector's middle half▲ 0.3pp54.0%within the sector's middle half▲ 21.9pp57.7%within the sector's middle half▲ 3.7pp
Current ratio0.35below the sector's middle half▼ 0.780.70within the sector's middle half▲ 0.350.71within the sector's middle half▲ 0.012.14within the sector's middle half▲ 1.442.36within the sector's middle half▲ 0.22
Return on assets (ROA)-296.1%below the sector's middle half▼ 295.9pp0.2%within the sector's middle half▲ 296.3pp1.5%within the sector's middle half▲ 1.2pp-1.5%below the sector's middle half▼ 3.0pp0.0%within the sector's middle half▲ 1.6pp
above within below the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy activities, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
-€80.0m-€60.0m-€40.0m-€20.0m€0Operating result 2021: -€93,534-€93,534Net result 2021: -€63.6m-€63.6mOperating result 2022: -€93,560-€93,560Net result 2022: €44,329€44,329Operating result 2023: -€33,865-€33,865Net result 2023: €298,288€298,288Operating result 2024: -€49,108-€49,108Net result 2024: -€161,693-€161,693Operating result 2025: -€5,963-€5,963Net result 2025: €4,092€4,09220212022202320242025-€200,000€0€200,000Operating result 2023: -€33,865-€33,900Net result 2023: €298,288€298,000Operating result 2024: -€49,108-€49,100Net result 2024: -€161,693-€162,000Operating result 2025: -€5,963-€5,960Net result 2025: €4,092€4,090202320242025
The operating result stays negative: a loss of €5,963 in 2025 against €49,108 in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €9.8m
Fixed assets €5,000 ▼ 96.6%
Current assets €9.8m ▼ 5.0%
Equity and liabilities €9.8m
Equity €5.7m ▲ 0.1%
Debt €4.2m ▼ 13.9%
Debt's share of the balance-sheet total falls from 46.0% to 42.3%. Equity is higher and debt is lower.
Key figures and ratios
2025 value · change against 2024
Debt to equity
0.73▼
2024 · 0.85
ROE
0.1%▲
2024 · -2.8%
Debt ≤ 1 year
€4.2m▼
2024 · €4.8m
Income taxes
€1,368▼
2024 · €28,444
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 1,860 companies that looked in July 2024 the way this one looks now, 0.1% went bankrupt within 24 months and 98% are still going.

  • Medium-sized
  • 20 years or older
  • solvency 30% or more
  • a profit under 5% of the balance sheet
0.1% went bankrupt
2.0% stopped otherwise
98% still going

For this company itself Checked computes a bankruptcy probability of 0.1% over twelve months; the group does not contradict it.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,338 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.

The companies in ten equal groups, from lowest to highest expected share.
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% 1.0%
6 1.3% 1.5%
7 1.6% 1.8%
8 1.8% 1.9%
9 3.0% 3.1%
10 5.6% 6.2%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.

An observation about 1,860 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.

Annual accounts
Filed annual accounts As filed with the NBB · 2025 against 2024 · 43 lines
Balance sheet Code20242025
Assets
Total assets20/58€10.5m€9.8m▼
Fixed assets21/28€148,971€5,000▼
Financial fixed assets28€148,971€5,000▼
Current assets29/58€10.4m€9.8m▼
Amounts receivable within one year40/41€9.1m€8.6m▼
Trade receivables40€58,000€66,968▲
Other amounts receivable41€9.1m€8.5m▼
Current investments50/53€1.2m€1.2m=
Cash at bank and in hand54/58€18,940€26,052▲
Deferred charges and accrued income490/1€380€6,534▲
Equity and liabilities
Total equity and liabilities10/49€10.5m€9.8m▼
Equity10/15€5.7m€5.7m▲
Contributions10/11€1.2m€1.2m=
Capital10€1.2m€1.2m=
Issued capital100€1.2m€1.2m=
Reserves13€1.2m€1.2m=
Non-distributable reserves130/1€1.2m€1.2m=
Legal reserve130€6,197€6,197=
Own shares acquired1312€1.2m€1.2m=
Profit (loss) carried forward14€3.3m€3.3m▲
Amounts payable17/49€4.8m€4.2m▼
Amounts payable within one year42/48€4.8m€4.2m▼
Trade debts44€5,333€8,421▲
Suppliers440/4€5,333€8,421▲
Taxes, remuneration and social security45€117,198€29,807▼
Taxes450/3€117,198€29,807▼
Other amounts payable47/48€4.7m€4.1m▼
Income statement Code20242025
Other operating charges640/8€997-
Gross operating margin9900-€48,111-€5,963▲
Operating profit (loss)9901-€49,108-€5,963▲
Financial income75/76B€523,656€12,305▼
Recurring financial income75€523,656€12,305▼
Financial charges65/66B€607,798€882▼
Recurring financial charges65€1,769€882▼
Non-recurring financial charges66B€606,029-
Profit (loss) for the period before taxes9903-€133,249€5,460▲
Income taxes67/77€28,444€1,368▼
Profit (loss) for the period9904-€161,693€4,092▲
Profit (loss) for the period to be appropriated9905-€161,693€4,092▲
Appropriation of the result
Profit (loss) to be appropriated9906€4.0m€3.3m▼
Profit (loss) brought forward from the previous period14P€4.1m€3.3m▼
Profit to be distributed694/7€678,011-
Return on contributions (dividend)694€678,011-

The notes to these accounts (4 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20212022202320242025Change
Other operating charges640/8€12,888€2,483€960€997--
Gross operating margin9900-€80,647-€91,077-€32,904-€48,111-€5,963▲ 87.6%
Operating profit (loss)9901-€93,534-€93,560-€33,865-€49,108-€5,963▲ 87.9%
Financial income75/76B€98,892€142,057€333,964€523,656€12,305▼ 97.7%
Recurring financial income75€98,892€142,057€333,964€523,656€12,305▼ 97.7%
Financial charges65/66B€63.6m€4,168€1,811€607,798€882▼ 99.9%
Recurring financial charges65€63.6m€4,168€1,811€1,769€882▼ 50.1%
Non-recurring financial charges66B---€606,029--
Profit (loss) for the period before taxes9903-€63.6m€44,329€298,288-€133,249€5,460▲ 104%
Income taxes67/77---€28,444€1,368▼ 95.2%
Profit (loss) for the period9904-€63.6m€44,329€298,288-€161,693€4,092▲ 103%
Profit (loss) for the period to be appropriated9905-€63.6m€44,329€298,288-€161,693€4,092▲ 103%
Line20212022202320242025Change
Assets
Total assets20/58€21.5m€19.6m€20.3m€10.5m€9.8m▼ 6.3%
Fixed assets21/28€16.2m€10.2m€10.6m€148,971€5,000▼ 96.6%
Financial fixed assets28€16.2m€10.2m€10.6m€148,971€5,000▼ 96.6%
Current assets29/58€5.3m€9.3m€9.8m€10.4m€9.8m▼ 5.0%
Amounts receivable within one year40/41€4.0m€8.0m€8.5m€9.1m€8.6m▼ 5.9%
Trade receivables40€60,250€84,275€58,000€58,000€66,968▲ 15.5%
Other amounts receivable41€4.0m€7.9m€8.5m€9.1m€8.5m▼ 6.0%
Current investments50/53€1.2m€1.2m€1.2m€1.2m€1.2m=
Cash at bank and in hand54/58€34,905€73,619€16,335€18,940€26,052▲ 37.6%
Deferred charges and accrued income490/1-€190€190€380€6,534▲ 1,619%
Equity and liabilities
Total equity and liabilities10/49€21.5m€19.6m€20.3m€10.5m€9.8m▼ 6.3%
Equity10/15€6.2m€6.2m€6.5m€5.7m€5.7m▲ 0.1%
Contributions10/11€1.2m€1.2m€1.2m€1.2m€1.2m=
Capital10€1.2m€1.2m€1.2m€1.2m€1.2m=
Issued capital100€1.2m€1.2m€1.2m€1.2m€1.2m=
Reserves13€1.2m€1.2m€1.2m€1.2m€1.2m=
Non-distributable reserves130/1€1.2m€1.2m€1.2m€1.2m€1.2m=
Legal reserve130€6,197€6,197€6,197€6,197€6,197=
Own shares acquired1312€1.2m€1.2m€1.2m€1.2m€1.2m=
Profit (loss) carried forward14€3.8m€3.8m€4.1m€3.3m€3.3m▲ 0.1%
Amounts payable17/49€15.3m€13.3m€13.8m€4.8m€4.2m▼ 13.9%
Amounts payable within one year42/48€15.3m€13.3m€13.8m€4.8m€4.2m▼ 13.9%
Trade debts44€31,341€27,372€1,667€5,333€8,421▲ 57.9%
Suppliers440/4€31,341€27,372€1,667€5,333€8,421▲ 57.9%
Taxes, remuneration and social security45€11,520€6,547-€117,198€29,807▼ 74.6%
Taxes450/3€11,520€6,547-€117,198€29,807▼ 74.6%
Other amounts payable47/48€15.3m€13.3m€13.8m€4.7m€4.1m▼ 12.4%
Line20212022202320242025Change
Profit (loss) for the period9904-€63.6m€44,329€298,288-€161,693€4,092▲ 103%
Operating cash flow (approximation)-€63.6m€44,329€298,288-€161,693€4,092▲ 103%
Investment in fixed assets (approximation)-€5.9m-€331,877€10.4m€143,971▼ 98.6%
Change in cash-€38,714-€57,284€2,604€7,112▲ 173%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

Next filing, fiscal year 2026, expected by 31-07-2027
2026
31-08
NBB filing Annual accounts filed
fiscal year 2025 · full schema · 31 days late
19-03
State Gazette act Resignation: Emmanuel Barthelemy de Saizieu (managing director)
Appointment: Jean-Louis Waucquez (managing director) · Registered-office move · Director discharge6 facts ▸
  • Board meeting, 31/05/2025
  • Registered-office move, Avenue Louise. 480/17ème à 1050 Bruxelles
  • Director resignation, Emmanuel Barthelemy de Saizieu (managing director)
  • Director discharge, Emmanuel Barthelemy de Saizieu
  • Director appointment, Jean-Louis Waucquez (managing director)
  • Power of attorney, Xerius Contact ASBL
2025
31-12
Financial Back to profitnet €4,092
Net result €4,092 after one loss-making year.
30-06
NBB filing Annual accounts filed
fiscal year 2024 · full schema
2024
31-12
Financial Liquidity triplescurrent ratio 2.14
Current ratio from 0.71 to 2.14; short-term debt falls from €13.8m to €4.8m.
12-07
NBB filing Annual accounts filed
fiscal year 2023 · full schema
2023
29-08
NBB filing Annual accounts filed
fiscal year 2022 · full schema · 29 days late
2022
31-12
Financial Back to profitnet €44,329
Net result €44,329 after 2 loss-making years.
24-08
NBB filing Annual accounts filed
fiscal year 2021 · full schema · 24 days late
2021
31-12
Financial Weakest financial yearnet -€63.6m
Net result drops to -€63.6m, the lowest in the series; recovery starts the following year.
31-08
NBB filing Annual accounts filed
fiscal year 2020 · full schema · 31 days late
2020
30-10
NBB filing Annual accounts filed
fiscal year 2019 · full schema · 91 days late
Show earlier events
2019
31-12
Financial Back to profitnet €82.8m
Net result €82.8m after one loss-making year.
31-12
Financial Equity above €50mEq €80.0m ▲704%
Equity rises from €10.0m to €80.0m.
01-09
NBB filing Annual accounts filed
fiscal year 2018 · full schema · 32 days late
2018
31-08
NBB filing Annual accounts filed
fiscal year 2017 · full schema · 31 days late
2017
25-08
NBB filing Annual accounts filed
fiscal year 2016 · full schema · 25 days late
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 13 acts read
About the unread acts

Of the 13 Belgian State Gazette acts we know for this company, 1 has been read. The other 12 have not been read yet: what they contain is neither established nor disproved here.

Have them read with priority Sign in to place this company at the front of the reading queue.

Directors · office · real estate

Directors
1 office holder, last change in 2025

Day-to-day management 1

Waucquez Jean-Louis
Managing director · since 31-05-2025
Current
Derived from published Gazette acts. The CBE keeps the official list of function holders; we do not read it, so the two can differ. See the function holders in the CBE →
Not every act has been read: a resignation may be missing here
12 of this company's 13 Belgian State Gazette acts have not been read yet. Appointments and resignations recorded in them are missing above: a director who resigned there may therefore still show here as sitting. The acts are in the Timeline.
Location & real-estate footprint
Registered office, Brussel · 1 establishment unit since 1992
seat establishment The establishment unit on the map
Ground area
2,791 m²
Building footprint
1,235 m²
Volume, LiDAR
89,309 m³
Parcel 21822R0227/00V003, Brussels · tallest building 106.8 m, ±30 floors. Linked by address, not a title deed.
268 companies at this address See who is registered here
1 establishment unit
AURE
Louizalaan 480, 1050 ElseneAir transport
since 19922.021.759.419
1 parcel
Brussels 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
21822R0227/00V003 Brussels 2,791 m² 1 · 1,235 m² 106.8 m · 30 fl.
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.

Mandate history

2 people since 2025, 1 in office
Show
  • Day-to-day management
  • began earlier
Mandates per person, with start and end dates
Name Functions and periods
Waucquez Jean-Louis
  • Managing director, from 31-05-2025 to date
Emmanuel Barthelemy de Saizieu
  • Managing director, until 30-05-2025
See the board, name and seat on a given date →

Structure & network

Owners and holdings

1 owner · 1 holding

Chain of control

  1. FINANCIERE WEXFORD 100%
  2. AURE

Highest known parent: FINANCIERE WEXFORD. The sources do not say who stands above it.

Owners 1

Holdings 1

According to the 2023 annual accounts of AURE and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.

Connections & network

1 current director
Depth

The network starts from this company’s directors. Other companies they run appear here as nodes.

This company Company Director Shareholding +N: links not shown yet Click a node to look further, drag to arrange, scroll to zoom.

Similar companies · same sector, comparable size

Of 82,646 companies in sector 70200 we hold annual accounts for 52,627. 10,318 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector

Identification & contact

Identification
Legal formPublic limited company
Founded16-09-1982
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
E-invoicing
Not found in the Peppol register

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Register as of 29 September 2026 · Peppol Directory

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