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 7 % of short-term debt in 2025; threshold 65 %.
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Board fully replaced NBB
No director from three years ago is still active according to annual account 2025.
Financials
Financial year 2025
AERCO from Beringen, company number BE0440715441, closed financial year 2025 with a result of € 45,920 after tax. For that financial year AERCO recorded a gross margin of € 242,699 and equity of € 302,382. Compared with financial year 2024, the result moved from € 4,396 to € 45,920. Profitable, and profit is growing. The buffer is growing. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on July 2, 2026.
€ 302,382
▲ 18% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 45,920
▲ € 41,524 vs 2024
Profit after tax over the fiscal year.
€ 30,386
▲ 177% vs 2024
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2025. Retained profit grew to € 240,882.
Debts at end 2025
€ 2 million
▼ 6% vs 2024
€ 129,077 is repaid this year. At this pace the long-term loan is gone in ≈ 16 years.
€ 118
▼ € 31,073 vs 2024
Supplier invoices still open on the last day of the fiscal year.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 115,392 | € 116,807 | € 191,522 | € 242,699 | ▲ 27% |
| Profit after taxes | € 26,218 | € 8,274 | € 4,396 | € 45,920 | ▲ € 41,524 |
| Equity | € 243,792 | € 252,066 | € 256,462 | € 302,382 | ▲ 18% |
| Total debts | € 1,724,832 | € 2,442,430 | € 2,508,988 | € 2,372,361 | ▼ 5% |
| Cash | € 36,808 | € 13,083 | € 10,951 | € 30,386 | ▲ 177% |
| Land & buildings | € 1,466,689 | € 1,440,152 | € 2,503,944 | € 2,635,494 | ▲ 5% |
| Retained profit | € 182,292 | € 190,566 | € 194,962 | € 240,882 | ▲ 24% |
| Bank debt | € 1,659,811 | € 2,280,144 | € 2,157,827 | € 2,020,940 | ▼ 6% |
| Balance sheet total | € 1,968,623 | € 2,694,496 | € 2,765,450 | € 2,674,743 | ▼ 3% |
Key figures of AERCO, fiscal years 2022 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 AERCO?
What happened at AERCO in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Tony Aerts stepped down as director. NBB
- New annual accounts for financial year 2025: profit of € 45,920 (▲ € 41,524 vs 2024). Source: NBB ↗
- Tony Aerts became a director. NBB
- New establishment in Beringen. KBO
- New establishment in Beringen. KBO
- New establishment in Beringen. KBO
- Start of the company according to the CBE. KBO
In short
From € 26,218 profit in 2022 to € 45,920 profit in 2025.
Paid € 9,071 in corporate taxes since 2022.
Best year ever: 2025, with € 45,920 profit.
Management
The stake of MATONI, AENI comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
AERCOBehind AERCO is Matoni NV. The shares are held by MATONI (99%) and AENI (1%).
Directors
According to the 2025 annual accounts
Tony Aerts
Managing director
since 2023 · until 2029
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Kerkstraat 5
3581 Beringen
Kerkstraat 3 5
3581 Beringen
Active since 9 July 1990
Tessenderlosesteenweg 27
3583 Beringen
Active since 9 July 1990
Kerkplein 3
3582 Beringen
Active since 9 July 1990
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 5 companies are registered at this address.
All companies at this address →What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0440.715.441
- VAT number
- BE 0440.715.441
- Registered office
- Kerkstraat 5, 3581 Beringen
- Names & denominations
- AERCO
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 25 April 1990
- Peppol
- Active · Active since 18 Oct 2025
- Activities · NACE
Verhuur en exploitatie van eigen of geleased residentieel onroerend goed, exclusief sociale woningen