Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
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Tight liquidity NBB
Cash and receivables cover 12 % of short-term debt in 2025; threshold 65 %.
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Busy address KBO
41 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2025
AERTSSEN GROUP from Stabroek, company number BE0423833976, closed financial year 2025 with a result of € 12.1 million after tax. For that financial year AERTSSEN GROUP recorded revenue of € 30 million and equity of € 60.1 million. Compared with financial year 2024, the result moved from € 10.1 million to € 12.1 million. Profitable, and profit is growing. The buffer is growing. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on June 17, 2026.
€ 60.1 million
▲ 3% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 12.1 million
▲ 20% vs 2024
Profit after tax over the fiscal year.
€ 0
▲ 167% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 10.5 million paid out
86 % of the profit went to the shareholders, the rest stayed in the company.
People and assets in 2025
104.5
▲ 3.6 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 11.3 million
▲ 5% vs 2024
€ 108,300 per full-time equivalent. Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 204,005
▼ 69% vs 2024
Of which on lease € 29,288.
Debts at end 2025
€ 40.9 million
▲ 8% vs 2024
€ 2.9 million is repaid this year. At this pace the long-term loan is gone in ≈ 5 years.
€ 4.3 million
▼ 1% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 111 days on average.
€ 2.4 million
▲ 75% vs 2024
Taxes, VAT and social contributions still to pay.
| 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|
| Revenue | € 23,546,784 | € 27,927,537 | € 30,006,909 | ▲ 7% |
| Profit after taxes | € 25,953,539 | € 10,123,350 | € 12,148,839 | ▲ 20% |
| Equity | € 59,573,596 | € 58,478,445 | € 60,120,785 | ▲ 3% |
| Total debts | € 41,603,312 | € 50,701,468 | € 58,121,213 | ▲ 15% |
| Cash | € 0 | € 0 | € 0 | ▲ 167% |
| Land & buildings | € 13,728,410 | € 13,795,895 | € 13,962,445 | ▲ 1% |
| Retained profit | € 58,854,569 | € 57,759,419 | € 59,401,758 | ▲ 3% |
| Dividend | € 8,865,000 | € 11,218,500 | € 10,506,500 | ▼ 6% |
| Bank debt | € 28,605,812 | € 37,770,580 | € 40,897,548 | ▲ 8% |
| Balance sheet total | € 101,482,508 | € 109,460,457 | € 118,497,486 | ▲ 8% |
| Employees (FTE) | 85.4 | 100.9 | 104.5 | ▲ 3.6 |
Key figures of AERTSSEN GROUP, fiscal years 2023 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 31 July 2027.
What happened to AERTSSEN GROUP?
What happened at AERTSSEN GROUP in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Wouter De Geest stepped down as director. NBB
- Acacia I BV stepped down as director. NBB
- POLDERDIJK NV stepped down as director. NBB
- AMO NV stepped down as director. NBB
- SAKKA NV stepped down as director. NBB
- Waterstreet NV stepped down as director. NBB
- ADEME NV stepped down as director. NBB
- New annual accounts for financial year 2025: profit of € 12.1 million (▲ 20% vs 2024). Source: NBB ↗
In short
From € 26 million profit in 2023 to € 12.1 million profit in 2025.
Paid € 387,360 in corporate taxes since 2023.
Best year ever: 2023, with € 26 million profit.
Paid out € 30.6 million in dividends to the owners in total.
Management
The stake of ADEME, AMO, SAKKA, POLDERDIJK comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
AERTSSEN GROUPThe shares are held by ADEME (24.8%), AMO (24.8%), SAKKA (24.8%) and POLDERDIJK (24.8%). It owns 100% of AERTSSEN SERVICES, 100% of AERTSSEN TRANSPORT, 100% of AERTSSEN LOGISTICS USA, 100% of AERTSSEN INFRA, 100% of AERTSSEN LOGISTICS and 100% of NEWMO WESTERLO itself.
Directors
According to the 2025 annual accounts
Wouter De Geest
Director
Also active at: BESIX Group, VLAAMS ECONOMISCH VERBOND, Tessenderlo Group, VOKA - VLAAMS NETWERK VAN ONDERNEMINGEN, Antwerp Symphony Orchestra, Vandenbussche, Rombit Group, Netwerk ZAS
since 2021 · until 2027
Director · represented by Els Verbraecken
Also active at: Jensen Group, VYNCKE, ONTEX GROUP
since 2026 · until 2027
Director · represented by Raphaël Aertssen
since 2021 · until 2027
Director · represented by Luc Aertssen
since 2021 · until 2027
Director · represented by Saskia Aertssen
since 2021 · until 2027
Director · represented by Eddy Bruyninckx
since 2021 · until 2027
Director · represented by Gregorius Aertssen
Also active at: SCHELDEWERF RUPELMONDE, SCHELDELAND RUPELMONDE, Manyvesté, YUN
since 2021 · until 2027
Shareholders
Participations
100%
100%
AERTSSEN LOGISTICS USA
100%
100%
100%
100%
100%
100%
100%
100%
100%
100%
100%
AERTSSEN GRUES ET TRANSPORT MAROC
100%
95%
66.7%
50%
50%
50%
EARTH MOVING WORLDWIDE
50%
50%
45%
33.3%
33.3%
28.7%
ENVIRONMENTAL PROJECT MANAGEMENT AD
25.5%
Establishments
Establishment units
Physical locations of this company
Laageind 91
2940 Stabroek
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 41 companies are registered at this address.
All companies at this address →NEWMO HAREN same network
€ -16,432 gross margin · 2025
Aertssen Infra same network
€ 199.1 million revenue · 2025
NEWMO same network
€ 1.1 million gross margin · 2025
AERTSSEN SERVICES same network
€ 37.9 million revenue · 2025
AERTSSEN TRANSPORT same network
€ 21.3 million revenue · 2025
+36 more
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0423.833.976
- VAT number
- BE 0423.833.976
- Registered office
- Laageind 91, 2940 Stabroek
- Names & denominations
- AERTSSEN GROUP
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 30 December 1982
- Peppol
- Active · Active since 1 Jan 2001
- Activities · NACE
Activiteiten van hoofdkantoren
Activiteiten van adviesbureaus op het gebied van bedrijfsvoering en overig managementadvies
Handel in onroerend goed
Overige adviesbureaus op het gebied van bedrijfsbeheer; adviesbureaus op het gebied van bedrijfsvoering
Verhuur en lease van kantoormachines, inclusief computers
Handel in eigen onroerend goed
Verhuur van kantoormachines en computers