BERAECO
ActiveSummary
BERAECO has been active since 2019 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.2m and a net result of €3,084. Equity has been stable since 2020 (±0.6% per year). The computed 12-month bankruptcy probability is 0.1% (very low).
Overview
Overview
Official details
Source: KBO- Status
- Active since 31-10-2019 Normal situation
- Registered office
- 43 active companies are registered at this address 4 started in the 12 months before. Source: KBO register, as of 4 November 2026.
- Activity
- No activity registered in the KBO
- Establishment unit
- 2.297.877.144 2940 Stabroek, since 31-10-2019
- Financial year end
- 31 December
- Peppol
- Reachable
Board and ownership
- Aertssen GregoriusDirector · since 24-10-2019
- Walter WesenbeekDirector · since 24-10-2019
- BERT WEEMAESDirector · since 18-09-2023
- Auditor
- DELOITTE Bedrijfsrevisoren BV
- VLAECO100%· score 942025 annual accounts of VLAECO
- Aertssen Group nvconsolidatesannual accounts 2025
- Cordeel Group nvconsolidatesannual accounts 2025
Financial position
- Bankruptcy probabilitywithin 12 months
- 0.1%
- Gross margin
- -€8,034
- ▼ 7.1%
- Profit
- €3,084
- ▼ 73.4%
- Equity
- €1.2m
- ▲ 0.3%
- Total assets
- €1.2m
- ▲ 0.3%
Score breakdownraises riskLiquidity: current ratio 147.54, cash €8,285Founded in 2019lowers riskSize: total assets €1.2mNo main activity registeredShow the evidence
Checked score
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Calculation
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 (no NACE code, micro). It does better than 81% of them on solvency, 42% on liquidity, 29% on profitability and 49% on growth.
The bankruptcy probability was computed on 03-11-2026 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.
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).
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
The company filed its last 6 accounts on average 45 days before the deadline. The Belgian median for financial year 2024 was 4 days before the deadline, and 38% of all filings were late.
Searched, nothing found (2)
Financials
Financials · financial year 2025, full format
Annual accounts 2025 filed on 23-06-2026 at the NBB all 6 filings
Every figure per financial year
The operating result for 2025 is a loss of €9,461, larger than the loss of €8,897 in 2024. It is the lowest result since 2021.
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|
| Other operating charges640/8 | - | €712 | €1,241 | €1,365 | €1,394 | €1,426 | ▲ 2.4% |
| Gross operating margin9900 | -€10,891 | -€4,316 | -€4,890 | -€5,120 | -€7,503 | -€8,034 | ▼ 7.1% |
| Operating profit (loss)9901 | -€11,948 | -€5,028 | -€6,130 | -€6,485 | -€8,897 | -€9,461 | ▼ 6.3% |
| Financial income75/76B | - | €2,837 | €9,973 | €22,490 | €25,012 | €14,202 | ▼ 43.2% |
| Recurring financial income75 | €3,806 | €2,837 | €9,973 | €22,490 | €25,012 | €14,202 | ▼ 43.2% |
| Financial charges65/66B | - | €157 | €36 | €598 | €616 | €629 | ▲ 2.2% |
| Recurring financial charges65 | €153 | €157 | €36 | €598 | €616 | €629 | ▲ 2.2% |
| Profit (loss) for the period before taxes9903 | -€8,294 | -€2,348 | €3,807 | €15,406 | €15,499 | €4,112 | ▼ 73.5% |
| Income taxes67/77 | - | - | - | €2,143 | €3,914 | €1,028 | ▼ 73.7% |
| Profit (loss) for the period9904 | -€8,294 | -€2,348 | €3,807 | €13,263 | €11,585 | €3,084 | ▼ 73.4% |
| Profit (loss) for the period to be appropriated9905 | -€8,294 | -€2,348 | €3,807 | €13,263 | €11,585 | €3,084 | ▼ 73.4% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|
| Assets | |||||||
| Total assets20/58 | €1.2m | €1.2m | €1.2m | €1.2m | €1.2m | €1.2m | ▲ 0.3% |
| Current assets29/58 | €1.2m | €1.2m | €1.2m | €1.2m | €1.2m | €1.2m | ▲ 0.3% |
| Stocks and contracts in progress3 | €0.6m | €0.6m | €0.6m | €0.6m | €0.6m | €0.8m | ▲ 30.7% |
| Stocks30/36 | - | €0.6m | €0.6m | €0.6m | €0.6m | €0.8m | ▲ 30.7% |
| Amounts receivable within one year40/41 | €0.6m | €0.6m | €0.6m | €0.6m | €0.6m | €0.4m | ▼ 30.2% |
| Trade receivables40 | - | - | - | €197 | - | - | - |
| Other amounts receivable41 | - | €0.6m | €0.6m | €0.6m | €0.6m | €0.4m | ▼ 30.2% |
| Cash at bank and in hand54/58 | €0.003m | €0.003m | €0.002m | €0.002m | €11 | €0.008m | ▲ 749× |
| Equity and liabilities | |||||||
| Total equity and liabilities10/49 | €1.2m | €1.2m | €1.2m | €1.2m | €1.2m | €1.2m | ▲ 0.3% |
| Equity10/15 | €1.2m | €1.2m | €1.2m | €1.2m | €1.2m | €1.2m | ▲ 0.3% |
| Contributions10/11 | €1.2m | €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 | - | - | - | €0.006m | €0.02m | €0.02m | ▲ 17.1% |
| Non-distributable reserves130/1 | - | - | - | €0.006m | €0.02m | €0.02m | ▲ 17.1% |
| Legal reserve130 | - | - | - | €0.006m | €0.02m | €0.02m | ▲ 17.1% |
| Profit (loss) carried forward14 | -€0.008m | -€0.01m | -€0.007m | - | - | - | - |
| Amounts payable17/49 | - | - | €66 | €0.003m | €0.008m | €0.008m | ▲ 5.7% |
| Amounts payable within one year42/48 | - | - | €66 | €0.003m | €0.008m | €0.008m | ▲ 5.7% |
| Trade debts44 | - | - | €66 | €0.003m | €0.008m | €0.008m | ▲ 5.7% |
| Suppliers440/4 | - | - | €66 | €0.003m | €0.008m | €0.008m | ▲ 5.7% |
| Taxes, remuneration and social security45 | - | - | - | €393 | - | - | - |
| Taxes450/3 | - | - | - | €393 | - | - | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€8,294 | -€2,348 | €3,807 | €13,263 | €11,585 | €3,084 | ▼ 73.4% |
| Operating cash flow (approximation) | -€8,294 | -€2,348 | €3,807 | €13,263 | €11,585 | €3,084 | ▼ 73.4% |
| Change in cash | - | -€185 | -€1,101 | €343 | -€2,075 | €8,274 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 1,639 companies had the same profile as BERAECO has now. Two years later, 95.5% were still going and 0.5% had gone bankrupt.
- Small
- 5 to 10 years old
- solvency 30% or more
- a profit under 5% of the balance sheet
Another 0.2% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of BERAECO itself: 0.1% within 12 months.
Test of the method
The method was tested on the 497,446 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 1,639 companies, not a prediction for BERAECO. 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.
Filings with the National Bank (6)
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | full format | 23-06-2026 | 2026-00199859 | |
| 31-12-2024 | abbreviated format | 16-06-2025 | 2025-00153902 | |
| 31-12-2023 | abbreviated format | 19-06-2024 | 2024-00161367 | |
| 31-12-2022 | abbreviated format | 06-06-2023 | 2023-00115044 | |
| 31-12-2021 | abbreviated format | 16-06-2022 | 2022-20089719 | |
| 31-12-2020 | abbreviated format | 16-06-2021 | 2021-22200380 |
Board & ownership
Directors
Act of 29-07-2026Reappointment: Deloitte Bedrijfsrevisoren BV (statutory auditor)
Board 6
Permanent representatives 2
Statutory auditor 1
Owners and capital
Shareholders
3 ownersChain of control
- Cordeel Group nv
- Aertssen Group nv
- VLAECO
- BERAECO
Owners 3
- VLAECOparentSourceaccounts VLAECO 2025Equity €19.2m Loss of €346,663 in 2025 (profit of €71,792 in 2024) Checked score 94100%
- Aertssen Group nvconsolidating parentconsolidates
- Cordeel Group nvconsolidating parentconsolidates
Mandate history
- Board
- Statutory auditor
- began earlier
| Name | Functions and periods |
|---|---|
| Aertssen Gregorius |
|
| BERT WEEMAES |
|
| Filip Cordeel |
|
| Nova LaGa |
|
| AERTSSEN G. |
|
| Walter Wesenbeek |
|
| DELOITTE Bedrijfsrevisoren BV |
|
| Erik De Bruyn |
|
| Paul Ivens |
|
Network & group
Companies at the same address
42 other companies- TM Aertssen Infra – Artes Roegiers Registered office · since 2026 1042491563
- TM Aertssen - Despe Registered office · since 2026 1037740147
- Tijdelijke Maatschap Bridge Aertssen-Mourik Registered office · since 2026 1035223194
- TM Aertssen Infra – Heyrman De Roeck Registered office · since 2025 1033601019
- TM Aertssen - Hye - Cordeel Registered office · since 2025 1027214360
- TM Aertssen - Dhulst Registered office · since 2025 1023484216
- Beringen Logistics & Terminal Registered office · since 2024 1010017844
- TM Aertssen - Mourik (geïntegreerd) Registered office · since 2024 1008235222
- TM Keulen - Aertssen Registered office · since 2023 0800677986
- TM Aertssen-Mourik Registered office · since 2023 0801052922
Connections & network
45 connected companiesShow 41 more companies with a shared director
Timeline
Acts, filings and financial milestones
29-07
Gazette deed
Reappointment: Deloitte Bedrijfsrevisoren BV (statutory auditor)2 points ▸
- General meeting, 02-06-2026
- Auditor reappointment, Deloitte Bedrijfsrevisoren BV (statutory auditor)
05-05
Gazette deed
Reappointments: AERTSSEN G., Walter Wesenbeek and CORDEEL F.Power of attorney5 points ▸
- General meeting, 02-06-2025
- Director reappointment, AERTSSEN G. (director)
- Director reappointment, Walter Wesenbeek (director)
- Director reappointment, CORDEEL F. (director)
- Power of attorney, CORDEEL F.
18-12
Gazette deed
1 director appointed, 1 director resigningResignation: Filip Cordeel (director) · Appointment: Nova LaGa BV (director) · Permanent representative: Laurence Gacoin4 points ▸
- General meeting, 18-11-2025
- Director resignation, Filip Cordeel (director)
- Director appointment, Nova LaGa BV (director)
- Permanent representative, Laurence Gacoin
25-01
Gazette deed
1 director appointed, 1 director resigningResignation: Erik De Bruyn (director) · Appointment: Bert Weemaes BV (director) · Permanent representative: Bert Weemaes4 points ▸
- General meeting, 12-12-2023
- Director resignation, Erik De Bruyn (director)
- Director appointment, Bert Weemaes BV (director)
- Permanent representative, Bert Weemaes
07-07
Gazette deed
Reappointment: Deloitte Bedrijfsrevisoren BV (statutory auditor)2 points ▸
- General meeting, 02-06-2023
- Auditor reappointment, Deloitte Bedrijfsrevisoren BV (statutory auditor)
27-09
Gazette deed
1 director appointed, 1 director resigningResignation: Paul Ivens (director) · Appointment: Erik De Bruyn (director) · Permanent representative: Ben Vandeweyer5 points ▸
- General meeting, 09-08-2022
- Director resignation, Paul Ivens (director)
- Director appointment, Erik De Bruyn (director)
- Other provision, “commissaris, commissaris” (deed in Dutch)
- Permanent representative, Ben Vandeweyer (vaste vertegenwoordiger van de commissaris)
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Register details
Identity
KBO recordRegistered office and establishments
Invoicing and payment
Financial year and general meeting
Accounts at the NBBSites & property
Buildings and parcels at the address
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 11044C0025/00G000 | Flanders | 5.1 ha | 1 · 9,238 m² | 14.7 m · 3 |