ACTIVE

aeco

Financial year 2025 · closed on 31/03/2025
Net result
857,9 k €
+56.8% YoY
Gross margin
1,2 M €
-1.8% YoY
Equity
2,5 M €
+51.9% YoY
Workforce
2,8 ETP
-3.4% YoY

What does aeco do?

aeco is a Public limited company incorporated in 2001. Its main activity is: Engineering activities and related technical consultancy. Its registered office is in Raeren. It employs on average 2,8 ETP workers (FTE).

Legal situation
Normal situation
BCE/KBO no. / VAT
BE 0473.740.377
Incorporation
08/01/2001
Legal form
Public limited company
Registered office
Breite Wege 1
4730 Raeren · WallonieSee on map
Contributed capital
416 320,00 €
Latest accounts
31/03/2025
Average workforce
2,8 ETP
Joint committees (2)
  • 100
  • 218
Signals
ProfitableLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts
Health score
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Recommended credit limit
✦ Verdict · Analyst summary
Financials

Trend over 19 financial years

2025202420232022202120202019201820172016201520142013201220112010200920082007
Income statement
Gross margin1,2 M €1,2 M €2,2 M €-552,4 k €1 M €1,1 M €773,5 k €791,7 k €875,2 k €684,2 k €571,1 k €742,8 k €689,4 k €500,4 k €654,3 k €674,4 k €178,8 k €100,1 k €146,7 k €
EBITDA841 k €732,4 k €1,9 M €-1,1 M €564,5 k €586 k €338,7 k €393,5 k €577,9 k €458,9 k €222,3 k €421,8 k €376,6 k €153,2 k €434,2 k €349,9 k €75,6 k €48,1 k €100,4 k €
Operating result881,3 k €361,1 k €1,3 M €-1,7 M €154,8 k €174,2 k €6 k €79,6 k €184,3 k €182,4 k €-69,7 k €137,2 k €91,6 k €-131 k €158,9 k €77,4 k €28,4 k €17,3 k €65,3 k €
Net result857,9 k €547,2 k €1,6 M €-1,7 M €181 k €194,5 k €41,5 k €80 k €185,1 k €201,4 k €-108,2 k €83,1 k €98,6 k €-157,6 k €71,1 k €16,9 k €20,7 k €19,5 k €71,4 k €
Balance sheet
Equity2,5 M €1,7 M €2,8 M €1,2 M €2,9 M €2,8 M €2,6 M €2,6 M €2,6 M €2,6 M €2,5 M €2,6 M €2,6 M €2,3 M €1,2 M €610 k €332,9 k €312,4 k €293,4 k €
Total assets13,4 M €12,9 M €12,4 M €12,4 M €5,3 M €5,4 M €4,4 M €4 M €4,8 M €5 M €5 M €6,1 M €6,5 M €7 M €5,9 M €4,9 M €2,2 M €1,3 M €598,6 k €
Cash240,6 k €877 k €528,1 k €659,2 k €393,6 k €379,6 k €1 M €489,6 k €1,1 M €554,6 k €278,8 k €460,5 k €210,3 k €418,8 k €84,4 k €45,6 k €124,8 k €308,5 k €104,7 k €
Debts10,6 M €10,9 M €9,3 M €10,6 M €1,8 M €2 M €1,2 M €814,2 k €1,7 M €1,7 M €1,9 M €2,8 M €3,2 M €4,1 M €4,3 M €4,1 M €1,8 M €959,4 k €304,8 k €
Other
Workforce2,8 ETP2,9 ETP3,3 ETP7,3 ETP6,8 ETP6,2 ETP5,2 ETP5,3 ETP4,7 ETP4,5 ETP5,6 ETP4,7 ETP4,9 ETP3,8 ETP2,2 ETP1,1 ETP1,4 ETP1,3 ETP1,3 ETP
Estimate

Indicative valuation

As an indication, this company is worth

between 0 € and 100 k€
See the valuation
Governance

Board of directors

Seen on filing of 31/03/2025 · 4 active · 22 ended

Active mandates

DIRK WEBER

Director · since 10 septembre 2025 · until 10 septembre 2031

Active
MANFRED GUSSEN

Director · since 10 septembre 2025 · until 10 septembre 2031

Active
PATRICK KELLETER

Managing director · since 10 septembre 2025 · until 10 septembre 2031

Active
PIERRE ADANT

Chairman of the board of directors · since 11 septembre 2019 · until 10 septembre 2025

Active

Ended mandates

DIRK WEBER

Director · since 11 septembre 2019 · until 11 septembre 2025

Ended
DIRK WEBER

Director · since 11 septembre 2019

Ended
MANFRED GUSSEN

Director · since 11 septembre 2019 · until 11 septembre 2025

Ended
MANFRED GUSSEN

Director · since 11 septembre 2019

Ended
At this address

Other companies at this address

CompanyCBE no.
ENERGIE 2030Active
0455.494.479
Annual accounts

Full financial information

202520242023202220212020
Type of accountAbridged modelAbridged modelAbridged modelAbridged modelAbridged modelAbridged model
Start of the financial year01/04/202401/04/202301/04/202201/04/202101/04/202001/04/2019
Closing of the financial year31/03/202531/03/202431/03/202331/03/202231/03/202131/03/2020
Length of the financial year12 months12 months12 months12 months12 months12 months
Filing date19/09/202528/09/202431/10/202318/10/202226/09/202230/11/2020
General meeting10/09/202511/09/202413/09/202306/10/202208/09/202130/09/2020
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls
Ratios

Financial ratios

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Filings

Annual accounts filings

20 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Abridged model31/03/202510/09/202519/09/2025FrenchPDF
Abridged model31/03/202411/09/202428/09/2024FrenchPDF
Abridged model31/03/202313/09/202331/10/2023FrenchPDF
Abridged model31/03/202206/10/202218/10/2022FrenchPDF
Abridged model31/03/202108/09/202126/09/2022FrenchPDF
Abridged model31/03/202108/09/202103/11/2021FrenchPDF
Abridged model31/03/202030/09/202030/11/2020FrenchPDF
Abridged model31/03/201911/09/201928/09/2019FrenchPDF
Abridged model31/03/201812/09/201825/10/2018FrenchPDF
Abridged model31/03/201713/09/201725/09/2017FrenchPDF
Abridged model31/03/201614/09/201608/11/2016FrenchPDF
Abridged model31/03/201509/09/201529/09/2015FrenchPDF
Abridged model31/03/201410/09/201426/09/2014FrenchPDF
Abridged model31/03/201311/09/201322/10/2013FrenchPDF
Abridged model31/03/201212/09/201230/11/2012FrenchPDF
Abridged model31/03/201129/09/201120/11/2011FrenchPDF
Abridged model31/03/201022/09/201004/11/2010FrenchPDF
Abridged model31/03/200909/09/200919/11/2009FrenchPDF
Abridged model31/03/200810/09/200815/10/2008FrenchPDF
Abridged model31/03/200712/09/200727/09/2007FrenchPDF
Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 0 € and 100 k€

The detail comes with the Business plan: low and high bounds, the valuation bridge for each financial year, transaction multiples by sector and size, group valuation and exports.

Discover the Business plan
Disclaimer

Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.

Governance

Board of directors

Seen on filing of 31/03/2025 · 4 active · 22 ended

Active mandates

DIRK WEBER

Director · since 10 septembre 2025 · until 10 septembre 2031

Active
MANFRED GUSSEN

Director · since 10 septembre 2025 · until 10 septembre 2031

Active
PATRICK KELLETER

Managing director · since 10 septembre 2025 · until 10 septembre 2031

Active
PIERRE ADANT

Chairman of the board of directors · since 11 septembre 2019 · until 10 septembre 2025

Active

Ended mandates

DIRK WEBER

Director · since 11 septembre 2019 · until 11 septembre 2025

Ended
DIRK WEBER

Director · since 11 septembre 2019

Ended
MANFRED GUSSEN

Director · since 11 septembre 2019 · until 11 septembre 2025

Ended
MANFRED GUSSEN

Director · since 11 septembre 2019

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Mandates05/11/2025
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates31/01/2024
    DENOMINATION - OBJET - CAPITAL, ACTIONS - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, …)
    PDF
  • Mandates20/11/2019
    SIEGE SOCIAL - DEMISSIONS, NOMINATIONS
    PDF
  • Mandates06/03/2019
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates20/09/2017
    ENTLASSUNG - ERNENNUNG
    PDF
  • Capital / shares15/09/2011
    CAPITAL, ACTIONS - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, …)
    PDF
  • Mandates10/06/2011
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates26/10/2010
    CAPITAL, ACTIONS - DEMISSIONS, NOMINATIONS
    PDF

Source: Belgian Official Gazette

Competition

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

Timeline

  1. 2025
    Annual accounts 2025857,9 k €
  2. 2024
    Annual accounts 2024547,2 k €
  3. 2024
    Name changeaeco
  4. 2023
    Annual accounts 20231,6 M €
  5. 2022
    Annual accounts 2022-1,7 M €
  6. 2021
    Annual accounts 2021181 k €
  7. 2021
    Name changeENERGIE 2030 AGENCE
  8. 2020
    Annual accounts 2020194,5 k €
  9. 2019
    Annual accounts 201941,5 k €
  10. 2018
    Annual accounts 201880 k €
  11. 2017
    Annual accounts 2017185,1 k €
  12. 2016
    Annual accounts 2016201,4 k €
  13. 2015
    Annual accounts 2015-108,2 k €
  14. 2014
    Annual accounts 201483,1 k €
  15. 2013
    Annual accounts 201398,6 k €
  16. 2012
    Annual accounts 2012-157,6 k €
  17. 2011
    Annual accounts 201171,1 k €
  18. 2010
    Annual accounts 201016,9 k €
  19. 2009
    Annual accounts 200920,7 k €
  20. 2008
    Annual accounts 200819,5 k €
  21. 2007
    Annual accounts 200771,4 k €
  22. 08/01/2001
    IncorporationPublic limited company