S.E. Aeropa
ActiveSummary
S.E. Aeropa has been active since 2006 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €215,538 and a net result of €22,958. Equity is growing by ~20.2% per year across the filed fiscal years. Its solvency ranks better than 81% of 8190 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability70▲+68
Solvency100▲+2
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €16,000 at 30 days acceptable
Liquidity ample (current ratio 5.91 against 3.72 in 2024; short-term debt: 16.3% and cash: 0.3% of total assets), and 23.5% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
76.5%
Return on assets
8.1%
Age of the figures
9 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Wholesale trade (NACE 46)
about 21% more bankruptcies
← fewer bankruptcies
more bankruptcies →
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 13-08-2026, 13 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 filingsDeviation from the deadline
2025
13 d late
2024
30 d late
2023
163 d late
2022
157 d late
2021
31 d late
2020
30 d late
2019
31 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 65 days after the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 39% 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 31 August (4 of the last 5 filed years within 126 days of that day).
Companies Code · seven monthsPosition in the running window
30-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
Equity
€215,538▲ 11.9%
2024 · €192,580
Total assets
€281,839▲ 7.1%
2024 · €263,205
Net result
€22,958
2024 · -€34,956
Working capital
€224,941▲ 26.5%
2024 · €177,881
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 46, Wholesale trade, 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€44,526▼ 13.6%€37,025▼ 16.8%€189,437▲ 412%-€39,615€20,853
Net result€26,553within the sector's middle half▼ 19.0%€24,140within the sector's middle half▼ 9.1%€129,395above the sector's middle half▲ 436%-€34,956below the sector's middle half€22,958within the sector's middle half
Equity€91,501within the sector's middle half▲ 14.5%€98,141within the sector's middle half▲ 7.3%€227,536above the sector's middle half▲ 132%€192,580above the sector's middle half▼ 15.4%€215,538within the sector's middle half▲ 11.9%
Total assets€324,849within the sector's middle half▲ 21.1%€296,123within the sector's middle half▼ 8.8%€296,702within the sector's middle half▲ 0.2%€263,205within the sector's middle half▼ 11.3%€281,839below the sector's middle half▲ 7.1%
Debt€233,349▲ 24.0%€197,982▼ 15.2%€69,167▼ 65.1%€70,625▲ 2.1%€66,301▼ 6.1%
Working capital-€21,377below the sector's middle half▼ 174%-€23,385below the sector's middle half▼ 9.4%€224,230above the sector's middle half€177,881above the sector's middle half▼ 20.7%€224,941within the sector's middle half▲ 26.5%
Solvency28.2%within the sector's middle half▼ 1.6pp33.1%within the sector's middle half▲ 5.0pp76.7%above the sector's middle half▲ 43.5pp73.2%above the sector's middle half▼ 3.5pp76.5%above the sector's middle half▲ 3.3pp
Current ratio0.67below the sector's middle half▼ 0.150.63below the sector's middle half▼ 0.054.89above the sector's middle half▲ 4.263.72above the sector's middle half▼ 1.175.91above the sector's middle half▲ 2.19
Return on assets (ROA)8.2%within the sector's middle half▼ 4.0pp8.2%within the sector's middle half=43.6%above the sector's middle half▲ 35.5pp-13.3%below the sector's middle half▼ 56.9pp8.1%within the sector's middle half▲ 21.4pp
Staff (FTE)0.3
above
within
below
the middle half (P25 to P75) of NACE 46, Wholesale trade, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €20,853 after a loss of €39,615 in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €281,839
Fixed assets
€11,075 ▼ 44.4%
Current assets
€270,764 ▲ 11.3%
Equity and liabilities €281,839
Equity
€215,538 ▲ 11.9%
Debt
€66,301 ▼ 6.1%
Debt's share of the balance-sheet total falls from 26.8% to 23.5%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€23,292▲
2024 · -€37,469
Cash flow
€25,397▲
2024 · -€32,809
Debt to equity
0.31▼
2024 · 0.37
ROE
10.7%▲
2024 · -18.2%
Interest coverage
4.89▲
2024 · -9.39
Debt ≤ 1 year
€45,823▼
2024 · €65,414
Debt > 1 year
€20,478▲
2024 · €5,211
Income taxes
€5,218▲
2024 · €127
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 34,696 companies that looked in July 2024 the way this one looks now, 0.7% went bankrupt within 24 months and 95% are still going.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.7%
went bankrupt
3.9%
stopped otherwise
95%
still going
For this company itself Checked computes a bankruptcy probability of 0.4% 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 497,340 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% | 1.0% |
| 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% 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 34,696 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
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | €151,638 | - | €1,052 | - |
| Remuneration, social security and pensions62 | €7,716 | €9,174 | €11,892 | €4,152 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €16,842 | €26,616 | €3,550 | €2,146 | €2,439 | ▲ 13.6% |
| Other operating charges640/8 | €1,998 | €1,943 | €1,776 | €1,473 | €981 | ▼ 33.4% |
| Non-recurring operating charges66A | - | - | - | €2,186 | - | - |
| Gross operating margin9900 | €71,082 | €74,758 | €206,654 | -€29,658 | €24,273 | ▲ 182% |
| Operating profit (loss)9901 | €44,526 | €37,025 | €189,437 | -€39,615 | €20,853 | ▲ 153% |
| Financial income75/76B | €1,628 | €1,716 | €1,484 | €8,778 | €12,089 | ▲ 37.7% |
| Recurring financial income75 | €1,628 | €1,716 | €1,484 | €8,778 | €12,089 | ▲ 37.7% |
| Financial charges65/66B | €8,283 | €7,378 | €12,426 | €3,992 | €4,766 | ▲ 19.4% |
| Recurring financial charges65 | €8,283 | €7,378 | €7,737 | €3,992 | €4,766 | ▲ 19.4% |
| Non-recurring financial charges66B | - | - | €4,690 | - | - | - |
| Profit (loss) for the period before taxes9903 | €37,871 | €31,363 | €178,494 | -€34,829 | €28,176 | ▲ 181% |
| Income taxes67/77 | €11,317 | €7,224 | €49,099 | €127 | €5,218 | ▲ 4,012% |
| Profit (loss) for the period9904 | €26,553 | €24,140 | €129,395 | -€34,956 | €22,958 | ▲ 166% |
| Profit (loss) for the period to be appropriated9905 | €26,553 | €24,140 | €129,395 | -€34,956 | €22,958 | ▲ 166% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €324,849 | €296,123 | €296,702 | €263,205 | €281,839 | ▲ 7.1% |
| Fixed assets21/28 | €280,790 | €256,709 | €14,839 | €19,910 | €11,075 | ▼ 44.4% |
| Tangible fixed assets22/27 | €280,790 | €256,709 | €14,839 | €19,910 | €10,575 | ▼ 46.9% |
| Land and buildings22 | €218,059 | €203,862 | - | - | - | - |
| Furniture and vehicles24 | €54,783 | €44,898 | €6,890 | €3,266 | €2,880 | ▼ 11.8% |
| Leasing and similar rights25 | - | - | - | €4,295 | €3,295 | ▼ 23.3% |
| Other tangible fixed assets26 | €7,949 | €7,949 | €7,949 | €12,349 | €4,400 | ▼ 64.4% |
| Financial fixed assets28 | - | - | - | - | €500 | - |
| Current assets29/58 | €44,059 | €39,414 | €281,864 | €243,295 | €270,764 | ▲ 11.3% |
| Amounts receivable after more than one year29 | - | - | €180,000 | €180,000 | - | - |
| Other amounts receivable291 | - | - | €180,000 | €180,000 | - | - |
| Amounts receivable within one year40/41 | €38,131 | €38,238 | €74,243 | €63,295 | €268,297 | ▲ 324% |
| Trade receivables40 | €11,639 | €9,177 | €6,404 | €3,580 | €2,496 | ▼ 30.3% |
| Other amounts receivable41 | €26,492 | €29,061 | €67,840 | €59,715 | €265,802 | ▲ 345% |
| Cash at bank and in hand54/58 | €5,928 | €1,176 | €27,620 | €0 | €975 | - |
| Deferred charges and accrued income490/1 | - | - | - | - | €1,492 | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €324,849 | €296,123 | €296,702 | €263,205 | €281,839 | ▲ 7.1% |
| Equity10/15 | €91,501 | €98,141 | €227,536 | €192,580 | €215,538 | ▲ 11.9% |
| Contributions10/11 | €6,250 | €6,250 | €6,250 | €6,250 | €6,250 | = |
| Reserves13 | €85,251 | €91,891 | €221,286 | €221,286 | €209,288 | ▼ 5.4% |
| Non-distributable reserves130/1 | €1,875 | €1,875 | €1,875 | €1,875 | €1,875 | = |
| Reserves not available under the articles1311 | €1,875 | €1,875 | €1,875 | €1,875 | €1,875 | = |
| Distributable reserves133 | €83,376 | €90,016 | €219,411 | €219,411 | €207,413 | ▼ 5.5% |
| Profit (loss) carried forward14 | - | - | - | -€34,956 | - | - |
| Amounts payable17/49 | €233,349 | €197,982 | €69,167 | €70,625 | €66,301 | ▼ 6.1% |
| Amounts payable after more than one year17 | €167,912 | €135,184 | €11,533 | €5,211 | €20,478 | ▲ 293% |
| Financial debts170/4 | €167,912 | €135,184 | €11,533 | €5,211 | €20,478 | ▲ 293% |
| Amounts payable within one year42/48 | €65,437 | €62,799 | €57,634 | €65,414 | €45,823 | ▼ 29.9% |
| Current portion of amounts payable after more than one year42 | €34,161 | €33,679 | €1,708 | €4,906 | €29,898 | ▲ 509% |
| Trade debts44 | €7,926 | €2,781 | - | €3,657 | €6,419 | ▲ 75.5% |
| Suppliers440/4 | €7,926 | €2,781 | - | €3,657 | €6,419 | ▲ 75.5% |
| Advances received on contracts in progress46 | - | - | - | - | €4,417 | - |
| Taxes, remuneration and social security45 | €23,350 | €26,339 | €55,926 | €47,915 | €5,090 | ▼ 89.4% |
| Taxes450/3 | €19,430 | €21,994 | €51,130 | €47,915 | €5,090 | ▼ 89.4% |
| Remuneration and social security454/9 | €3,920 | €4,345 | €4,796 | - | - | - |
| Other amounts payable47/48 | - | - | - | €8,936 | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €26,553 | €24,140 | €129,395 | -€34,956 | €22,958 | ▲ 166% |
| + Depreciation and write-downs630 | €16,842 | €26,616 | €3,550 | €2,146 | €2,439 | ▲ 13.6% |
| Operating cash flow (approximation) | €43,395 | €50,756 | €132,945 | -€32,809 | €25,397 | ▲ 177% |
| Investment in fixed assets (approximation) | - | -€2,535 | €238,321 | -€7,218 | €6,397 | ▲ 189% |
| Change in cash | - | -€4,752 | €26,444 | -€27,620 | €975 | ▲ 104% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
13-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 13 days late
2025
31-12
Financial
Back to profitnet €22,958
Net result €22,958 after one loss-making year.
31-12
Financial
Equity above €200,000Eq €215,538 ▲11.9%
Equity rises from €192,580 to €215,538.
30-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 30 days late
10-01
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 163 days late
2024
31-12
Financial
Weakest financial yearnet -€34,956
Net result drops to -€34,956, the lowest in the series; recovery starts the following year.
04-01
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 157 days late
2023
31-12
Financial
Highest result since 2018net €129,395 ▲436%
Operating result €189,437, net result €129,395, both a record.
31-12
Financial
Liquidity times 8current ratio 4.89
Current ratio from 0.63 to 4.89; short-term debt falls from €62,799 to €57,634.
31-12
Financial
Equity above €200,000Eq €227,536 ▲132%
6 profitable years in a row build equity to €227,536.
2022
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
2021
30-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 30 days late
Show earlier events
2020
31-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 31 days late
2019
26-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 26 days late
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 31 days late
2017
30-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 30 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
4 acts for this company are 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, Oudenaarde · 1 establishment unit since 2006
Ground area
506 m²
Building footprint
182 m²
Parcel 45508B0210/00N005, Flanders. Linked by address, not a title deed.
5
companies at this address
See who is registered here
1 establishment unit
S.E. Aeropa
since 20062.157.444.405
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 45508B0210/00N005 | Flanders | 506 m² | 1 · 182 m² | - |
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.
Structure & network
Owners and holdings
1 holdingOwners 0
The accounts to 31-12-2025 list no shareholders, and no other source names one.
Holdings 1
- Sourceown accounts 202550%
According to the 2025 annual accounts of S.E. Aeropa 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
No current directors or connected companies found in the register.
Public money · subsidies and aid
Flemish government
2024 · 1 entry · 297 EUR awarded · 297 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2024 | 1 | 297 EUR | 297 EUR |
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Of 2,501 companies in sector 46649 we hold annual accounts for 1,762. 1,281 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
Founded13-10-2006
Fiscal year end31-12
Activities, NACEBEL 2025
46649Wholesale of other machinery and equipment
47521Retail sale of hardware, building materials, paint and glass (general range)
E-invoicing
Reachable via Peppol
Peppol ID
0208:0884247842
Also
9925:BE0884247842
Registered
04-03-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 30 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.