AUREL ENGINEERING
ActiveSummary
AUREL ENGINEERING has been active since 2002 and the Belgian Official Gazette contains no insolvency signals. The KBO does carry 2 administrative register entries (see administrative flags). The 2025 annual accounts show equity of €70,093 and a net result of €433. Equity is growing by about 13% per year across the filed financial years. Its solvency ranks better than 94% of 34,678 sector peers (NACE 43, financial year 2025). The computed 12-month bankruptcy probability is 0.5% (low).
Overview
- Equity
- €70,093
- Profit
- €433
- Board
- 4 members
Why 83raises riskLatest accounts 86 days late; 3 of the last 3 lateEx-officio strike-off in the KBOlowers riskLiquidity: current ratio 13.90, cash €33,673, halvedEquity €70,093 (90.3% of total assets)Show the evidence
Checked score
About 5 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
How it is calculated
The band follows from the bankruptcy probability, on a scale where 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 43, micro): better than 90% on solvency, 98% on liquidity, 19% on profitability and 37% on growth.
The bankruptcy probability was computed on 23-10-2026 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.
Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).
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Signals
This company filed its last 7 accounts on average 425 days after the deadline; the sector median (NACE 43) for financial year 2024 is 1 day before the deadline, and 43% of those companies filed late.
Searched, nothing found (1)
- Strikeout withdrawnevent 03-10-2026
- Annual accounts filedfinancial year 2024 · micro…
- Annual accounts filedfinancial year 2023 · micro…
Financials · financial year 2025, micro format
2025 annual accounts filed late (86 days) Filed on 25 August 2026, deadline 31 May 2026 (7 months after the close on 31 October 2025, Companies Code art. 3:10). Source: NBB, 2026-00422666.
2021 to 2025, 5 financial years 2018 to 2025, 7 financial years
The operating result has fallen four years in a row; 2025 is 95% below 2024 and is the lowest result in the available series.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 43, Specialised construction activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Peer companies
Historical observationOf the 17,042 companies that looked in July 2024 the way this one looks now, 0.5% went bankrupt within 24 months and 94.4% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a profit under 5% of the balance sheet
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.5% 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 497,474 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74.5% 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 17,042 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.
| Line | 2018 | 2019 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | - | €496 | €496 | - | - | - | - |
| Other operating charges640/8 | - | - | - | - | - | €163 | €50 | ▼ 69.3% |
| Gross operating margin9900 | €2,348 | €1,810 | €38,814 | €15,666 | €7,882 | €6,449 | €346 | ▼ 94.6% |
| Operating profit (loss)9901 | €680 | €1,558 | €38,318 | €15,170 | €7,882 | €6,286 | €296 | ▼ 95.3% |
| Financial income75/76B | - | - | €9 | €2 | - | €402 | €604 | ▲ 50.2% |
| Recurring financial income75 | €0 | €25 | €9 | €2 | - | €402 | €604 | ▲ 50.2% |
| Non-recurring financial income76B | - | - | - | €2 | - | €402 | - | - |
| Financial charges65/66B | - | - | €82 | €259 | €89 | €78 | €114 | ▲ 46.6% |
| Recurring financial charges65 | €72 | €93 | €82 | €259 | €89 | €78 | €114 | ▲ 46.6% |
| Non-recurring financial charges66B | - | - | - | €259 | - | - | - | - |
| Profit (loss) for the period before taxes9903 | €608 | €1,490 | €38,245 | €14,913 | €7,793 | €6,610 | €785 | ▼ 88.1% |
| Income taxes67/77 | €139 | €195 | €9,959 | €6,737 | €904 | €1,948 | €353 | ▼ 81.9% |
| Profit (loss) for the period9904 | €469 | €1,295 | €28,287 | €8,176 | €6,889 | €4,662 | €433 | ▼ 90.7% |
| Profit (loss) for the period to be appropriated9905 | €469 | €1,295 | €28,287 | €8,176 | €6,889 | €4,662 | €433 | ▼ 90.7% |
| Line | 2018 | 2019 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €32,935 | €43,328 | €99,227 | €91,940 | €120,548 | €102,827 | €77,599 | ▼ 24.5% |
| Fixed assets21/28 | €350 | €350 | €846 | €350 | €350 | €350 | €350 | = |
| Tangible fixed assets22/27 | - | - | €496 | - | - | - | - | - |
| Furniture and vehicles24 | - | - | €496 | - | - | - | - | - |
| Financial fixed assets28 | €350 | €350 | €350 | €350 | €350 | €350 | €350 | = |
| Current assets29/58 | €32,585 | €42,978 | €98,381 | €91,590 | €120,198 | €102,477 | €77,249 | ▼ 24.6% |
| Stocks and contracts in progress3 | €7,876 | €6,548 | €9,950 | €1,500 | €1,500 | - | - | - |
| Stocks30/36 | - | - | €1,500 | €1,500 | €1,500 | - | - | - |
| Contracts in progress37 | - | - | €8,450 | - | - | - | - | - |
| Amounts receivable within one year40/41 | €21,417 | €30,856 | €38,120 | €30,700 | €40,491 | €24,279 | €43,576 | ▲ 79.5% |
| Trade receivables40 | - | - | €34,110 | €25,815 | €33,554 | €24,178 | - | - |
| Other amounts receivable41 | - | - | €4,010 | €4,886 | €6,937 | €101 | €43,576 | ▲ 42,947% |
| Cash at bank and in hand54/58 | €2,940 | €5,216 | €49,768 | €58,837 | €77,637 | €78,197 | €33,673 | ▼ 56.9% |
| Deferred charges and accrued income490/1 | - | - | €542 | €553 | €570 | - | - | - |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €32,935 | €43,328 | €99,227 | €91,940 | €120,548 | €102,827 | €77,599 | ▼ 24.5% |
| Equity10/15 | €20,371 | €21,667 | €49,934 | €58,110 | €64,998 | €69,660 | €70,093 | ▲ 0.6% |
| Contributions10/11 | €13,000 | €13,000 | €13,000 | €13,000 | €13,000 | €13,000 | €13,000 | = |
| Reserves13 | €2,141 | €2,141 | €2,141 | €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 | - |
| Distributable reserves133 | - | - | - | €2,141 | €2,141 | €2,141 | - | - |
| Profit (loss) carried forward14 | €5,230 | €6,525 | €34,792 | €42,968 | €49,857 | €54,519 | €54,951 | ▲ 0.8% |
| Amounts payable17/49 | €12,564 | €21,661 | €49,293 | €33,831 | €55,550 | €33,167 | €7,506 | ▼ 77.4% |
| Amounts payable within one year42/48 | €12,564 | €21,661 | €48,354 | €32,533 | €50,725 | €27,389 | €5,556 | ▼ 79.7% |
| Trade debts44 | €8,508 | €16,155 | €27,506 | €24,229 | €42,088 | €19,299 | €3,403 | ▼ 82.4% |
| Suppliers440/4 | - | - | €27,506 | €24,229 | €42,088 | €19,299 | €3,403 | ▼ 82.4% |
| Taxes, remuneration and social security45 | - | - | €15,314 | €2,091 | €2,425 | €1,876 | - | - |
| Taxes450/3 | - | - | €15,314 | €2,091 | €2,425 | €1,876 | - | - |
| Other amounts payable47/48 | - | - | €5,534 | €6,213 | €6,213 | €6,213 | €2,153 | ▼ 65.3% |
| Accrued charges and deferred income492/3 | - | - | €940 | €1,298 | €4,824 | €5,778 | €1,950 | ▼ 66.3% |
| Line | 2018 | 2019 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €469 | €1,295 | €28,287 | €8,176 | €6,889 | €4,662 | €433 | ▼ 90.7% |
| + Depreciation and write-downs630 | - | - | €496 | €496 | - | - | - | - |
| Operating cash flow (approximation) | €469 | €1,295 | €28,782 | €8,672 | €6,889 | €4,662 | €433 | ▼ 90.7% |
| Investment in fixed assets (approximation) | - | €0 | - | €0 | €0 | €0 | €0 | - |
| Change in cash | - | €2,276 | - | €9,069 | €18,800 | €560 | -€44,525 | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Latest 10 of 21 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-10-2025 | micro format | 25-08-2026 | 2026-00422666 |
| 31-10-2024 | micro format | 03-10-2026 | 2026-00545243 |
| 31-10-2023 | micro format | 03-10-2026 | 2026-00545251 |
| 31-10-2022 | micro format | 03-10-2026 | 2026-00545269 |
| 31-10-2021 | micro format | 26-11-2022 | 2022-20525769 |
| 31-10-2019 | full format | 31-07-2020 | 2020-37500497 |
| 31-10-2018 | full format | 23-08-2019 | 2019-49600133 |
| 31-10-2017 | micro format | 31-08-2018 | 2018-58700346 |
| 31-10-2016 | full format | 30-06-2017 | 2017-25100145 |
| 31-10-2015 | full format | 23-06-2016 | 2016-21400170 |
Similar companies · same sector, comparable size
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Mandate history
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| LISMONT Alain |
|
| SPELGATTI Daniel |
|
| SPELGATTI Jean-Pierre |
|
| WARNOTTE Michel |
|
Owners and capital
Capital and shareholders
- 18-12-2023 Capital stated in the deed · 100 shares
Group and network
Connections & network
4 current directorsThe network starts from this company’s directors. Other companies they run appear here as nodes.
History
Acts, filings and financial milestones
18-12
Gazette deed
Reappointments: SPELGATTI Jean-Pierre, LISMONT Alain and 2 othersCapital conversion · Amendment of the articles · Capital10 facts ▸
- General meeting, 30-11-2023
- Capital conversion, “compte de capitaux propres statutairement indisponible, transfert” (deed in French)
- Amendment of the articles
- Capital
- Other provision, “Code des Sociétés et des Associations, référence résiduelle au Code des Sociétés et des Associations” (deed in French)
- Registered office clause, “confirme, 4400 Awirs, rue Henri Delhalle”, 43 (deed in French)
- Director reappointment, SPELGATTI Jean-Pierre (director (not named in the articles))
- Director reappointment, LISMONT Alain (director (not named in the articles))
- Director reappointment, WARNOTTE Michel (director (not named in the articles))
- Director reappointment, SPELGATTI Daniel (director (not named in the articles))
Show earlier events
Register details
No listing in the Peppol Directory under this enterprise or VAT number. That proves nothing: being listed there is voluntary.
What can you do?
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If you follow this company, Checked tells you the day it appears in the Peppol register.
Register as of 24 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Check the withholding obligation If you pay this company for building or cleaning work, check before every payment whether you must withhold part of the invoice, with enterprise number 0477.463.989
Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.
Sites & property
1 establishment unit
1 parcel
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 62007A0203/00F000 | Wallonia | 1,567 m² | 1 · 108 m² | 10.4 m · 2 |
How the parcels are linked
Articles of association
What the company does
- DurationHow long the company exists; usually unlimited, so until it is dissolved.
- Unlimited
- Name clauseThe name the company operates under according to its articles.
- AUREL ENGINEERING
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- “Région wallonne, sièges administratifs,d’exploitation,agences et succursales tant en Belgique qu’à l’étranger ou les supprimer par simple…” (deed in French)
Who represents it, and how
- Who signsWho may bind the company towards others, for example by signing a contract.
- Each director alone
- Board ruleHow the board is made up, meets and takes decisions.
- “Administrateurs, même assemblée générale” (deed in French)
Capital, shares and profit
- Transfer restrictionWhether shareholders may sell their shares freely or need approval first.
- “Valeur fixée à dires d'expert, cessions entre vifs et transmissions pour cause de mort” (deed in French)
- Share issue ruleHow and by whom new shares can be issued.
- “Aux actionnaires ayant exercé totalité de leur droit en proportion détenue jusqu’à souscription entière,selon modalités arrêtées par…” (deed in French)
Meetings and financial year
- Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
- Last Friday of March at 17:00
Oversight and winding up
- Dissolution ruleWhen and by whom the company can be dissolved.
- “Décision de l'assemblée générale délibérant comme en matière de modification aux statuts” (deed in French)“Mesures pour assurer la continuité annoncé dans l’ordre du jour et adressé avec la convocation, dissolution ou mesures de continuité…” (deed in French)
- Liquidation ruleHow assets are shared after dissolution: creditors first, then shareholders.
- “Réparti de manière égale entre toutes les actions, paiement dettes et charges ou consignation puis remboursement des actions à concurrence…” (deed in French)