Checked.be
Active
BE 0475.325.140Private limited company
A & E LIGHTING SERVICES
Krom Genthof 7 ·8000 Brugge, Belgium· 25 yrs active
Sector: General electrical installation work
(43211)
Conclusion
A & E LIGHTING SERVICES has been active since 2001 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €77k and a net result of €2k. Equity is growing by ~16.4% per year across the filed fiscal years. Its solvency ranks better than 65% of 26547 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.7% (low).
Based on the State Gazette, CBE and 5 annual accounts.
Key figures
| Equity | €77k |
| Net result | €2k |
| Better than sector | 65% |
| Active | 25 yrs |
Financial profile
75
/ 100
Exceptional profile, strong across almost every axis.
All 5 axes are computed from data Checked has read.
Health
86
Profitability
14
Solvency
99
Growth
78
Stability
100
Bankruptcy probability (12 mo)
Risk Assessment
0 / 100
Low riskTrust signals
Long-established
Founded in 2001, 25 years in business.
No legal incidents
No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.
Administrative Flags
No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
Checked score
86
/ 100
Excellent
Computed from 5 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.
Indicative credit limit
€7k
estimate, not credit advice
Score history
86
2021
100
2022
70
2023
100
2024
86
2025
purely financial, excl. current insolvency signals
Score components
Liquidity
Current ratio 3.04 (≥ 1.5)
+10
Quick ratio
Quick ratio 3.04 (≥ 1.0)
+5
Leverage
Debt/equity 0.64 (< 1.0)
+10
Profitability
ROE 3%
+3
Interest coverage
Interest coverage 10.3× (≥ 3×)
+8
Profit trend
Net profit down YoY
-3
Equity growth
Equity growing YoY
+3
Computed by Checked from the NBB filing for FY 2025. Indicative, not credit advice.
Financial overview
Annual accounts filed on 09-07-2026 with the NBB · fiscal year 2025 · micro schema
Trajectory (indicative)
Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.
growing
Equity: growth of ~16.4%/year over 5 fiscal years, indicative, assuming unchanged policy.
Solid line = filed figures · dashed = extended trend · area = indicative range.
How do we compute this?
The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.
The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.
A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).
Sector comparison
Fiscal year 2025 · NACE 43, Specialised construction activities · compared within the same schema type (micro schema)
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 60.8% | 47.4% | |
| Net result | €2k | €10k | |
| Equity | €77k | €60k | |
| Gross operating margin | €11k | €39k | |
| Total assets | €127k | €141k |
€9k
-73.7%
21-25
€2k
-89.6%
21-25
€7k
-67.4%
21-25
€127k
+16.5%
21-25
€77k
+2.9%
21-25
€74k
-1.9%
21-25
€678
-93.9%
21-25
€50k
+46.8%
21-25
€36k
+13.2%
21-25
€13k
-
21-25
3.04
-9.4%
21-25
3.04
-9.4%
21-25
60.8%
-11.7%
21-25
0.64
+42.7%
21-25
2.8%
-89.9%
21-25
1.7%
-91.1%
21-25
10.35
-96.4%
21-25
Figures by fiscal year and ratios
Change versus the prior fiscal year, coloured by direction (green = favourable).
| Fiscal year | 2025 Δ | 2024 Δ | 2023 Δ | 2022 Δ | 2021 Δ |
|---|---|---|---|---|---|
| Deposit | micro schema | micro schema | micro schema | micro schema | micro schema |
| Revenue | - | - | - | - | - |
| EBITDA | -73.7% | +1996.6% | -90.0% | +246.2% | - |
| Net profit | -89.6% | - | - | +466.0% | - |
| Cash flow | -67.4% | +1492.7% | -89.1% | +196.2% | - |
| Staff costs | - | - | - | - | - |
| Income taxes | -93.9% | +13624.5% | -97.3% | +1561.7% | - |
| Dividends | - | - | - | - | - |
| Total assets | +16.5% | +46.4% | +11.9% | +41.0% | - |
| Equity | +2.9% | +37.9% | -1.2% | +23.1% | - |
| Debt | +46.8% | +69.6% | +75.4% | +379.0% | - |
| of which ≤ 1y | +13.2% | +59.4% | +75.4% | +379.0% | - |
| of which > 1y | - | - | - | - | - |
| Working capital | -1.9% | +48.6% | +0.3% | +34.7% | - |
| Employees (FTE) | - | - | - | - | - |
Ratios (computed)
| 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|
| Current ratio | 3.04 | 3.36 | 3.53 | 5.42 | 16.73 |
| Quick ratio | 3.04 | 3.36 | 3.53 | 5.42 | 16.73 |
| Working capital ratio | 58.0% | 68.9% | 67.9% | 75.8% | 79.3% |
| Solvency | 60.8% | 68.9% | 73.1% | 82.9% | 95.0% |
| Debt / equity | 0.64 | 0.45 | 0.37 | 0.21 | 0.05 |
| Long-term debt ratio | 0.17 | - | - | - | - |
| Interest coverage | 10.35 | 287.99 | 13.90 | 84.78 | 40.26 |
| Gross margin | - | - | - | - | - |
| Net margin | - | - | - | - | - |
| ROA | 1.7% | 18.9% | -0.9% | 15.5% | 3.9% |
| ROE | 2.8% | 27.5% | -1.2% | 18.7% | 4.1% |
| EBITDA margin | - | - | - | - | - |
| Days sales outstanding | - | - | - | - | - |
| Days payable outstanding | - | - | - | - | - |
| Inventory turnover | - | - | - | - | - |
| Days inventory (DSI) | - | - | - | - | - |
Balance-sheet composition 2025
Full annual accounts (22 line items)
Filed balance sheet and income statement, exactly as deposited with the NBB.
| Line item | Code | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
| Balance sheet, Assets | ||||||
| TOTAL ASSETS | 20/58 | €127k | €109k | €75k | €67k | €47k |
| Fixed assets | 21/28 | €17k | €2k | €4k | €5k | €7k |
| Tangible fixed assets | 22/27 | €17k | €2k | €4k | €5k | €7k |
| Current assets | 29/58 | €110k | €107k | €71k | €62k | €40k |
| Amounts receivable within one year | 40/41 | €94k | €71k | €55k | €28k | €21k |
| Cash & bank | 54/58 | €14k | €36k | €16k | €33k | €19k |
| Balance sheet, Equity & liabilities | ||||||
| TOTAL EQUITY & LIABILITIES | 10/49 | €127k | €109k | €75k | €67k | €47k |
| Equity | 10/15 | €77k | €75k | €55k | €55k | €45k |
| Contributions / capital | 10/11 | €19k | €19k | €19k | €19k | €19k |
| Reserves | 13 | €59k | €57k | €36k | €37k | €26k |
| Amounts payable | 17/49 | €50k | €34k | €20k | €11k | €2k |
| Amounts payable after one year | 17 | €13k | - | - | - | - |
| Amounts payable within one year | 42/48 | €36k | €32k | €20k | €11k | €2k |
| Trade debts payable within one year | 44 | €41 | €656 | €8k | €3k | €1k |
| Income statement | ||||||
| Gross operating margin | 9900 | €11k | €35k | €2k | €17k | €5k |
| Operating result | 9901 | €4k | €32k | €-469 | €14k | €2k |
| Financial income | 75 | - | €3 | - | - | - |
| Financial charges | 65 | €860 | €118 | €116 | €191 | €116 |
| Result before taxes | 9903 | €3k | €32k | €-585 | €13k | €2k |
| Income taxes | 67/77 | €678 | €11k | €81 | €3k | €183 |
| Net result for the period | 9904 | €2k | €21k | €-666 | €10k | €2k |
| Result to be appropriated | 9905 | €2k | €21k | €-666 | €10k | €2k |
Legal Structure
| NACE primary | General electrical installation work(43211) |
| Legal form | Private limited company(610) |
| Incorporation | 03-08-2001 |
| Status | Active |
| Postal code | 8000 |
Establishment units
Krom Genthof 7, 8000 Brugge
since 20022.101.714.143
Real-estate footprint
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 31806F0449/00C000 | Flanders | 156 m² | 1 · 104 m² | 12.9 m · 3 fl. |
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
1 of these parcels carry protected heritage (source: regional heritage registers, Onroerend Erfgoed / patrimoine.brussels).
Updates
Next filing, fiscal year 2026, expected by
2026
09-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
26-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 26 days late
2024
31-12
Financial
Back to profitnet €21k
Net result €21k after one loss-making year.
18-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 79 days late
2023
31-12
Financial
Weakest financial yearnet €-666 ▼106%
Net result drops to €-666, the lowest in the series; recovery starts the following year.
27-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 58 days late
2022
09-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
05-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
03-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 3 days late
2019
02-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
03-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 3 days late
2017
22-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 22 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Credit advice
Company registry (CBE)
Activities
General electrical installation work4321145310
Names & trade names
| Legal nameNL | A & E LIGHTING SERVICES |
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