Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Two loss years in a row NBB
Negative result in 2024 and 2025.
-
Tight liquidity NBB
Cash and receivables cover 13 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
AEF Construct from Kortenberg, company number BE0744977420, closed financial year 2025 with a result of € -16,257 after tax. For that financial year AEF Construct recorded a gross margin of € 83,383 and equity of € 294,381. Compared with financial year 2024, the result moved from € -150,036 to € -16,257. The company made a loss. 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 August 27, 2026.
€ 294,381
▲ € 703,865 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -16,257
▲ 89 % less loss than in 2024
Profit after tax over the fiscal year.
€ 33,690
▼ 87% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -430,741.
People and assets in 2025
0.4
Average over the fiscal year, from the social balance sheet.
€ 18,303
Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 380
▼ 87% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 3.3 million
▲ 46% vs 2024
€ 20,752 is repaid this year. At this pace the long-term loan is gone in ≈ 11 years.
€ 434,000
▲ 245% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 117,796
▲ € 115,652 vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 559,926 | € -96,983 | € -27,249 | € 83,383 | ▲ € 110,632 |
| Profit after taxes | € 224,018 | € -183,246 | € -150,036 | € -16,257 | ▲ € 133,779 |
| Equity | € -76,202 | € -259,447 | € -409,484 | € 294,381 | ▲ € 703,865 |
| Total debts | € 685,929 | € 1,411,782 | € 3,936,063 | € 6,645,505 | ▲ 69% |
| Cash | € 20,294 | € 77,779 | € 251,750 | € 33,690 | ▼ 87% |
| Retained profit | € -81,202 | € -264,447 | € -414,484 | € -430,741 | ▼ € 16,257 |
| Bank debt | € 158,119 | € 278,261 | € 2,226,684 | € 3,252,031 | ▲ 46% |
| Balance sheet total | € 609,728 | € 1,152,334 | € 3,526,579 | € 6,939,887 | ▲ 97% |
| Employees (FTE) | 1.3 | - | - | 0.4 |
Key figures of AEF Construct, 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 AEF Construct?
What happened at AEF Construct in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 16,257. filed late Source: NBB ↗
- New establishment in Kortenberg. KBO
- Start of the company according to the CBE. KBO
In short
From € 224,018 profit in 2022 to € 16,257 loss in 2025.
Paid € 840 in corporate taxes since 2022.
Best year ever: 2022, with € 224,018 profit.
On average € 430,700 of value added per employee in 2022.
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De Lijn 8 June 2026 New annual account 2025
filed on 8 June 2026
What was left
€ 20 k ▼ 91%
Money in the bank
€ 178 k ▼ 98%
Open the dossier →
NMBS 8 June 2026 New annual account 2025 What was left ▼ 80%
bpost 18 May 2026 New annual account 2025 What was left from loss to profit
Management
The stake of AEF-INVEST comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
AEF ConstructBehind AEF Construct are Erik Franchitti and Lien Wolfcarius. The shares are held by AEF-INVEST (40%).
Directors
According to the 2025 annual accounts
Erik Franchitti
Director
Also active at: CASTLE CLASSIC & SPORTS CARS, KURIK, MAKIAM, CIRRIC Properties, ESP INVEST, ESVC Technics
Lien Wolfcarius
Director
Shareholders
40%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Engerstraat 89
3071 Kortenberg
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0744.977.420
- VAT number
- BE 0744.977.420
- Registered office
- Engerstraat 89, 3071 Kortenberg
- Names & denominations
- AEF Construct
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 11 March 2020
- Peppol
- Active · Active since 27 Mar 2026
- Contact
- [email protected]
- Activities · NACE
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