Losses
-€10,878 in two years
The 2024 and 2025 financial years closed with a loss. 2024 was the heaviest.
A.E. Concept
Lifetime
4 annual accounts with figures on one time axispeak €36,185 (2023)
€8,119▼ 67.7%
lowest -€6,906 (2022)
-€4,239▲ €2,401
peak €12,779 (2023)
€1,901▼ 69.0%
€31,318▼ 31.6%
Board3 names since 2021
2 directorsARSLAN Erdal and 1 other
Documentsfilings and deeds
30-08-202630 days late
2025micro format
Gross margin from €25,111 to €8,119Loss of €4,239Equity from €6,140 to €1,901Debts from €45,788 to €31,318Cash from €7,034 to €1,757
Key points
from the 2025 annual accountsTurnover
≈ €70,000 estimated
The micro format states no turnover.
Debts
€31,318 94% of the balance sheet
Suppliers 15%Taxes and wages 85%
Filings
4 annual accounts 2 late
The 2023 accounts came latest: 53 days after the end of the period.
Starting capital
€3,500 3,500 shares
Position in the sector
€1,901
Less equity than 86% of companies in building services and landscaping. Sector median €44,710 · 5,731 companies.
Checked score
33
Weak
Financially stronger than 10% of micro companies in building services and landscaping (NACE 81)
Probability in this band: 4.2% to 15.0%
Bankruptcy probability within 12 months
6.3% Elevated
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.9% across 7,709 companies (NACE 81, micro).
About 6 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 4.8%
01-2025: 4.7%▼ -0.1 percentage points vs 12-2024
02-2025: 4.7%● unchanged vs 01-2025
03-2025: 4.3%▼ -0.4 percentage points vs 02-2025
04-2025: 4.3%● unchanged vs 03-2025
05-2025: 4.4%▲ +0.1 percentage points vs 04-2025
06-2025: 4.5%▲ +0.1 percentage points vs 05-2025
07-2025: 4.4%▼ -0.1 percentage points vs 06-2025
08-2025: 4.2%▼ -0.2 percentage points vs 07-2025
09-2025: 4.2%● unchanged vs 08-2025
10-2025: 4.2%● unchanged vs 09-2025
11-2025: 4.2%● unchanged vs 10-2025
12-2025: 4.2%● unchanged vs 11-2025
01-2026: 4.1%▼ -0.1 percentage points vs 12-2025lowest value
02-2026: 4.1%● unchanged vs 01-2026lowest value
03-2026: 4.1%● unchanged vs 02-2026
04-2026: 4.2%▲ +0.1 percentage points vs 03-2026
05-2026: 4.4%▲ +0.2 percentage points vs 04-2026
06-2026: 4.4%● unchanged vs 05-2026
07-2026: 4.3%▼ -0.1 percentage points vs 06-2026
08-2026: 5.3%▲ +1.0 percentage point vs 07-2026
09-2026: 4.7%▼ -0.6 percentage points vs 08-2026
10-2026: 6.3%▲ +1.6 percentage points vs 09-2026highest value
11-2026: 6.3%● unchanged vs 10-2026highest value
Financial strengthWeak
Score breakdown
raises risk
No registered site in the KBO
Last filed accounts filed 30 days late; 1 of the last 3 accounts late
1 change of registered office in 24 months
lowers risk
Size: total assets €33,220
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 81, micro). It does better than 15% of them on solvency, 6% on liquidity, 13% on profitability and 7% on growth.
The bankruptcy probability was computed on 09-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the elevated class on 30-06-2025, 6.3% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 646 companies had the same profile as A.E. Concept has now. Each dot stands for 2 companies, two years later.
86.1%
were still trading
5.7%
stopped another way
7.3%
went bankrupt
Another 0.9% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of A.E. Concept itself: 6.3% within 12 months.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% | 0.9% |
| 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% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 646 companies, not a prediction for A.E. Concept. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
No publishable credit limit, so credit only on tighter terms
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity is insufficient, with a current ratio of 0.4 (0.53 in 2024), below 1. Short-term debt is 94.3% and cash 5.3% of total assets. 94.3% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Seven signals.
lowers riskraises risk
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
22232425
2022 to 2025 · latest year -€4,239
raises risk · Weak solvency compared with the sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 16% of 5725 sector peers (2025).
NBB · sector comparisonPosition among 5725 sector peers
Solvency
better than 16%
← weakest
strongest →
raises risk · 2025 accounts filed 30 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 30-08-2026, 30 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 4 filingsDeviation from the deadline
2025
30 days late
2024
1 day early
2023
53 days late
2022
32 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 4 accounts on average 13 days after the deadline. In the sector (NACE 81), the median for financial year 2024 was 1 day before the deadline, and 43% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 15 August (3 of the last 4 accounts filed within 39 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
10-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
Registered office moved from Binche to Leval-Trahegnies
New registered office: Rue Albert 1er 46, B15, 7134 Leval-Trahegnies · Previous registered office: Rue Albert 1er 269, 7134 Binche · Resignation: Bruno Serafini (director) · General meeting of 17-07-2026 · Gazette deed
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0770691328
Resignation: Erdal Arslan (director)
Appointment: Arslan Ayse (director) · General meeting of 13-04-2023 · Gazette deed
Appointment: Bruno Serafini (director)
General meeting of 30-08-2021 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| A.E. Concept Binche | €33,220 | €8,119 | 5.7% | - |
| TIME FACADE Zaventem | €33,356 | €10,876 | 72.2% | - |
| Sertim Dessel | €36,384 | €10,525 | 56.6% | - |
| PMHS Verviers | €25,270 | €7,085 | 44.1% | - |
| Klaas Beyens Roeselare | €26,307 | €8,280 | 73.3% | - |
| HANDSPOWER CLEANING SERVICES Ganshoren | €48,128 | €6,878 | 85.0% | - |
| VERHAGEN DENSNEY Mol | €26,395 | €11,953 | 70.0% | - |
These companies have the same main activity as A.E. Concept: other building cleaning and industrial cleaning (NACE 81220). They are comparable in size and age: total assets between €25,300 and €48,100, founded between 2020 and 2021.
Official details
Source: KBO- Status
- Active since 02-07-2021Normal situation
- Registered office
- 28 active companies are registered at this address1 started in the 12 months before. Source: KBO register, as of 9 November 2026.
- Activity
- Other building cleaning and industrial cleaningNACE 81220
- Financial year end
- 31 December
- Peppol
- Reachable since 08-12-2025
Insights on A.E. Concept
A.E. Concept files the micro format. That format states no turnover. The gross margin rose from €3,654 in 2022 to €8,119 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about A.E. Concept
- What is the company number of A.E. Concept?
- The company number of A.E. Concept is 0770.691.328. The VAT number is the same number with BE in front: BE 0770.691.328.
- Where is A.E. Concept based?
- The registered office is at Rue Albert 1er 46, 7134 Binche.Company details
- What does A.E. Concept do?
- According to the KBO register, the main activity is other building cleaning and industrial cleaning (NACE 81220).
- What is the legal form of A.E. Concept?
- A.E. Concept is a private limited company (BV).
- When was A.E. Concept founded?
- A.E. Concept was founded on 02-07-2021.
- Is A.E. Concept still active?
- Yes, A.E. Concept is an active enterprise in the KBO register.
- What is the turnover of A.E. Concept?
- The turnover in financial year 2025 is ≈ €70,000. This figure is estimated from the gross margin of €8,119 and 40 comparable companies (NACE 81220). It probably lies between €40,000 and €180,000. It is a rough estimate.Financials
- Is A.E. Concept profitable?
- In financial year 2025, A.E. Concept made a loss of €4,239.
- Where can I find the annual accounts of A.E. Concept?
- A.E. Concept filed 4 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of A.E. Concept due?
- A.E. Concept must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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