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AUREL ENGINEERING

Active
Private limited companyfounded 200224 yrs activeRue Henri Delhalle 43, 4400 Flémalle, BelgiumKBO/BCE: BE 0477.463.989
Summary

The computed 12-month bankruptcy probability of AUREL ENGINEERING is 2.1% (moderate). The 2025 annual accounts show equity of €70,093 and a net result of €433. Equity is growing by ~20.5% per year across the filed fiscal years. Its solvency ranks better than 93% of 28254 sector peers (fiscal year 2025). The company has been active since 2002 and the Belgian State Gazette contains no insolvency signals. The CBE does carry 1 administrative register entry (see administrative flags).

Checked score

Score 2025
Axes · tick = 2021
Profitability39▼-61
Solvency100▲+25
Growth52▼-26
Track record92
Bankruptcy probability, 12 months
2.1% Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €4,500 at 30 days acceptable
Liquidity ample (current ratio 13.9 against 2.03 in 2021; short-term debt: 7.2% and cash: 43.4% of total assets), and 9.7% of the assets are financed with debt.
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Signals

Eight signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Recent warning signals
The last 24 months brought warning signals in the Staatsblad or the KBO, and those often pile up before a bankruptcy.
Belgian State Gazette
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← fewer bankruptcies more bankruptcies →
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 24 years 0 30 y
raises risk · Ex-officio strike-off
The KBO struck this company off ex officio, which points to unmet obligations and often precedes a bankruptcy.
KBO publications
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
90.3%
Return on assets
0.6%
Age of the figures
11 mo
raises risk · Higher-failure-rate region
In this region companies fail more often than in the rest of the country.
KBO · registered office
neutral · Filed after the deadline
The financial year that closed on 31-10-2025 was due by 31-05-2026 and was filed on 25-08-2026, 86 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
86 d late
2021
179 d late
2019
61 d late
2018
84 d late
2017
92 d late
2016
30 d late
2015
23 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 79 days after the deadline; the sector median for financial year 2021 is 1 day before the deadline, and 47% of the sector filed late.

raises risk · Administrative warnings in the KBO publications
1 publication by the FPS Economy about this company, such as a strike-off for address, accounts or UBO, or its withdrawal.
KBO publications
Publications
Late accounts filing
Checked, nothing found (1)
neutral · The next deadline is still running
The next financial year closes on 31-10-2026 and is due by 31-05-2027. Nothing is late today.
Companies Code · seven months
Position in the running window
28-09-2026 today31-10-2026 close31-05-2027 deadline

History

AUREL ENGINEERING was incorporated on 3 May 2002.1 Total assets rose from EUR 32,935 in 2018 to EUR 77,599 in 2025.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2018 and 2025

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Financials · fiscal year 2025, micro schema

Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€433▼ 98.5%
2021 · €28,287
Working capital
€71,693▲ 43.3%
2021 · €50,028
Trend over the years

Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 43, Specialised construction 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
Line2018201920212025
Operating result€680-€1,558▲ 129%€38,318-€296-
Net result€469-€1,295▲ 176%€28,287above the sector's middle half-€433within the sector's middle half-
Equity€20,371-€21,667▲ 6.4%€49,934within the sector's middle half-€70,093within the sector's middle half-
Total assets€32,935-€43,328▲ 31.6%€99,227within the sector's middle half-€77,599within the sector's middle half-
Debt€12,564-€21,661▲ 72.4%€49,293-€7,506-
Working capital€20,021-€21,317▲ 6.5%€50,028within the sector's middle half-€71,693within the sector's middle half-
Solvency61.9%-50.0%▼ 11.8pp50.3%within the sector's middle half-90.3%above the sector's middle half-
Current ratio2.59-1.98▼ 0.612.03within the sector's middle half-13.90above the sector's middle half-
Return on assets (ROA)1.4%-3.0%▲ 1.6pp28.5%above the sector's middle half-0.6%within the sector's middle half-
above within below the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
€0€10,000€20,000€30,000€40,000Operating result 2018: €680€680Net result 2018: €469€469Operating result 2019: €1,558€1,558Net result 2019: €1,295€1,295Operating result 2021: €38,318€38,318Net result 2021: €28,287€28,287Operating result 2025: €296€296Net result 2025: €433€4332018201920212025€0€10,000€20,000€30,000€40,000Operating result 2019: €1,558€1,560Net result 2019: €1,295€1,300Operating result 2021: €38,318€38,300Net result 2021: €28,287€28,300Operating result 2025: €296€296Net result 2025: €433€433201920212025
The operating result is €296 in 2025, compared with €38,318 in 2021. Comparable figures for the intervening years are unavailable.
Balance-sheet composition
2025 in colour, 2021 as the grey bar beneath
Assets €77,599
Fixed assets €350 ▼ 58.6%
Current assets €77,249 ▼ 21.5%
Equity and liabilities €77,599
Equity €70,093 ▲ 40.4%
Debt €7,506 ▼ 84.8%
Debt's share of the balance-sheet total falls from 49.7% to 9.7%. Equity is higher and debt is lower.
Key figures and ratios
2025 value · change against 2021
Debt to equity
0.11▼
2021 · 0.99
ROE
0.6%▼
2021 · 56.6%
Debt ≤ 1 year
€5,556▼
2021 · €48,354
Income taxes
€353▼
2021 · €9,959
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 17,027 companies that looked in July 2024 the way this one looks now, 0.5% went bankrupt within 24 months and 94% are still going.

  • Micro
  • 20 years or older
  • solvency 30% or more
  • a profit under 5% of the balance sheet
0.5% went bankrupt
4.9% stopped otherwise
94% still going

A further 0.3% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a higher bankruptcy probability: 2.1% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.

The companies in ten equal groups, from lowest to highest expected share.
Group Expected Actual
1 0.2% 0.2%
2 0.3% 0.4%
3 0.5% 0.5%
4 0.6% 0.7%
5 0.8% 0.9%
6 1.2% 1.3%
7 1.5% 1.7%
8 1.7% 1.7%
9 2.7% 2.8%
10 5.3% 5.7%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% 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 17,027 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 2021 · 43 lines
Balance sheet Code20212025
Assets
Total assets20/58€99,227€77,599▼
Fixed assets21/28€846€350▼
Tangible fixed assets22/27€496-
Furniture and vehicles24€496-
Financial fixed assets28€350€350=
Current assets29/58€98,381€77,249▼
Stocks and contracts in progress3€9,950-
Stocks30/36€1,500-
Contracts in progress37€8,450-
Amounts receivable within one year40/41€38,120€43,576▲
Trade receivables40€34,110-
Other amounts receivable41€4,010€43,576▲
Cash at bank and in hand54/58€49,768€33,673▼
Deferred charges and accrued income490/1€542-
Equity and liabilities
Total equity and liabilities10/49€99,227€77,599▼
Equity10/15€49,934€70,093▲
Contributions10/11€13,000€13,000=
Reserves13€2,141€2,141=
Non-distributable reserves130/1€2,141€2,141=
Reserves not available under the articles1311€2,141€2,141=
Profit (loss) carried forward14€34,792€54,951▲
Amounts payable17/49€49,293€7,506▼
Amounts payable within one year42/48€48,354€5,556▼
Trade debts44€27,506€3,403▼
Suppliers440/4€27,506€3,403▼
Taxes, remuneration and social security45€15,314-
Taxes450/3€15,314-
Other amounts payable47/48€5,534€2,153▼
Accrued charges and deferred income492/3€940€1,950▲
Income statement Code20212025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€496-
Other operating charges640/8-€50
Gross operating margin9900€38,814€346▼
Operating profit (loss)9901€38,318€296▼
Financial income75/76B€9€604▲
Recurring financial income75€9€604▲
Financial charges65/66B€82€114▲
Recurring financial charges65€82€114▲
Profit (loss) for the period before taxes9903€38,245€785▼
Income taxes67/77€9,959€353▼
Profit (loss) for the period9904€28,287€433▼
Profit (loss) for the period to be appropriated9905€28,287€433▼
Appropriation of the result
Profit (loss) to be appropriated9906€34,792€54,951▲
Profit (loss) brought forward from the previous period14P€6,506€54,519▲

The notes to these accounts (2 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line2018201920212025Change
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630--€496--
Other operating charges640/8---€50-
Gross operating margin9900€2,348€1,810€38,814€346-
Operating profit (loss)9901€680€1,558€38,318€296-
Financial income75/76B--€9€604-
Recurring financial income75€0€25€9€604-
Financial charges65/66B--€82€114-
Recurring financial charges65€72€93€82€114-
Profit (loss) for the period before taxes9903€608€1,490€38,245€785-
Income taxes67/77€139€195€9,959€353-
Profit (loss) for the period9904€469€1,295€28,287€433-
Profit (loss) for the period to be appropriated9905€469€1,295€28,287€433-
Line2018201920212025Change
Assets
Total assets20/58€32,935€43,328€99,227€77,599-
Fixed assets21/28€350€350€846€350-
Tangible fixed assets22/27--€496--
Furniture and vehicles24--€496--
Financial fixed assets28€350€350€350€350-
Current assets29/58€32,585€42,978€98,381€77,249-
Stocks and contracts in progress3€7,876€6,548€9,950--
Stocks30/36--€1,500--
Contracts in progress37--€8,450--
Amounts receivable within one year40/41€21,417€30,856€38,120€43,576-
Trade receivables40--€34,110--
Other amounts receivable41--€4,010€43,576-
Cash at bank and in hand54/58€2,940€5,216€49,768€33,673-
Deferred charges and accrued income490/1--€542--
Equity and liabilities
Total equity and liabilities10/49€32,935€43,328€99,227€77,599-
Equity10/15€20,371€21,667€49,934€70,093-
Contributions10/11€13,000€13,000€13,000€13,000-
Reserves13€2,141€2,141€2,141€2,141-
Non-distributable reserves130/1--€2,141€2,141-
Reserves not available under the articles1311--€2,141€2,141-
Profit (loss) carried forward14€5,230€6,525€34,792€54,951-
Amounts payable17/49€12,564€21,661€49,293€7,506-
Amounts payable within one year42/48€12,564€21,661€48,354€5,556-
Trade debts44€8,508€16,155€27,506€3,403-
Suppliers440/4--€27,506€3,403-
Taxes, remuneration and social security45--€15,314--
Taxes450/3--€15,314--
Other amounts payable47/48--€5,534€2,153-
Accrued charges and deferred income492/3--€940€1,950-
Line2018201920212025Change
Profit (loss) for the period9904€469€1,295€28,287€433-
+ Depreciation and write-downs630--€496--
Operating cash flow (approximation)€469€1,295€28,782€433-
Investment in fixed assets (approximation)-€0---
Change in cash-€2,276---

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 31-05-2027
2026
28-08
KBO administration Late accounts filing
event 18-08-2026
25-08
NBB filing Annual accounts filed
fiscal year 2025 · micro schema · 86 days late
2025
31-10
Financial Weakest financial yearnet €433 ▼98.5%
Net result drops to €433, the lowest in the series.
31-10
Financial Liquidity times 7current ratio 13.90
Current ratio from 2.03 to 13.90; short-term debt falls from €48,354 to €5,556.
2022
26-11
NBB filing Annual accounts filed
fiscal year 2021 · micro schema · 179 days late
2021
31-10
Financial Highest result since 2018net €28,287 ▲2,084%
Operating result €38,318, net result €28,287, both a record.
2020
31-07
NBB filing Annual accounts filed
fiscal year 2019 · full schema · 61 days late
2019
23-08
NBB filing Annual accounts filed
fiscal year 2018 · full schema · 84 days late
2018
31-08
NBB filing Annual accounts filed
fiscal year 2017 · micro schema · 92 days late
2017
30-06
NBB filing Annual accounts filed
fiscal year 2016 · full schema · 30 days late
2016
23-06
NBB filing Annual accounts filed
fiscal year 2015 · full schema · 23 days late
2015
28-04
NBB filing Annual accounts filed
fiscal year 2014 · full schema
2014
27-05
NBB filing Annual accounts filed
fiscal year 2013 · full schema
09-01
NBB filing Annual accounts filed
fiscal year 2012 · full schema · 223 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts

We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.

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Directors · office · real estate

Directors
1 act for this company is in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Flémalle · 1 establishment unit since 2002
seat establishment The establishment unit on the map
Ground area
1,567 m²
Building footprint
108 m²
Volume, LiDAR
590 m³
Parcel 62007A0203/00F000, Wallonia · tallest building 10.4 m, ±2 floors. Linked by address, not a title deed.
2 companies at this address See who is registered here
1 establishment unit
Rue Henri Delhalle 43, 4400 Flémalle
NACE 45310
since 20022.099.077.129
1 parcel
Wallonia 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
62007A0203/00F000 Wallonia 1,567 m² 1 · 108 m² 10.4 m · 2 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.

Similar companies · same sector, comparable size

Of 4,093 companies in sector 43240 we hold annual accounts for 1,635. 1,365 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector

Identification & contact

Identification
Legal formPrivate limited company
Founded03-05-2002
Fiscal year end31-10
Activities, NACEBEL 2025
43240Other construction installation
E-invoicing
Not found in the Peppol register

No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.

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Register as of 28 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.