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A.E.S.

Active
Private limited companyfounded 198342 yrs activeKalmthoutsesteenweg 71, 2950 Kapellen, BelgiumKBO/BCE: BE 0424.872.173
Summary

A.E.S. has been active since 1983 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show negative equity (-€7,169) and a net result of €5,076. Equity is shrinking by ~43.9% per year across the filed fiscal years. Its solvency ranks better than 18% of 2023 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.7% (low).

Checked score

Score 2024
Axes · tick = 2023
Profitability80▲+80
Solvency13▲+7
Growth58▲+26
Track record100
Bankruptcy probability, 12 months
0.7% Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.24 against 0.22 in 2023; short-term debt: 112.4% of total assets), and equity is negative.
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Signals

Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 42 years 0 50 y
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024
Solvency, return and age of the figures
Solvency
-12.4%
Return on assets
8.8%
Age of the figures
21 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 77
Relative position
BE, all sectors
reference
Rental and leasing activities (NACE 77)
about 44% more bankruptcies
← fewer bankruptcies more bankruptcies →
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 18% of 2023 sector peers (2024).
NBB · sector comparison
Position among 2023 sector peers
Solvency
better than 18%
← weakest strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 16-10-2025, 77 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filings
Deviation from the deadline
2025
not confirmed
2024
77 d late
2023
55 d early
2022
4 d early
2021
31 d late
2020
31 d late
2019
31 d late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 6 accounts on average 19 days after the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 38% of the sector filed late.

Checked, nothing found (1)
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

On 5 December 1983, A.E.S. was incorporated.1 In 2026 the registered office moved to Kapellen.2 Total assets went from EUR 16,303 in 2018 to EUR 57,926 in 2024.3

  1. 1Crossroads Bank for Enterprises
  2. 2Belgian State Gazette, 07-08-2026
  3. 3National Bank, annual accounts 2018 and 2024

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Financials · fiscal year 2024, micro schema

Equity
-€7,169▲ 41.5%
2023 · -€12,245
Total assets
€57,926▼ 10.5%
2023 · €64,688
Net result
€5,076
2023 · -€10,625
Working capital
-€49,152▲ 17.1%
2023 · -€59,278
Trend over the years

Click a name to add, emphasise or remove a line.

Every figure with its change against the fiscal year before
favourable unfavourable
Line20202021202220232024
Operating result-€1,441▲ 61.8%-€2,454▼ 70.3%-€6,876▼ 180%-€7,657▼ 11.4%€5,555
Net result-€1,704▲ 37.2%-€2,209▼ 29.6%-€7,410▼ 235%-€10,625▼ 43.4%€5,076
Equity€7,999▼ 17.6%€5,790▼ 27.6%-€1,620-€12,245▼ 656%-€7,169▲ 41.5%
Total assets€14,231▼ 20.7%€74,567▲ 424%€70,025▼ 6.1%€64,688▼ 7.6%€57,926▼ 10.5%
Debt€6,232▼ 24.4%€68,776▲ 1,004%€71,645▲ 4.2%€76,933▲ 7.4%€65,095▼ 15.4%
Working capital€7,999▼ 17.6%-€54,177-€55,253▼ 2.0%-€59,278▼ 7.3%-€49,152▲ 17.1%
Staff (FTE)0
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
-€15,000-€10,000-€5,000€0€5,000Operating result 2020: -€1,441-€1,441Net result 2020: -€1,704-€1,704Operating result 2021: -€2,454-€2,454Net result 2021: -€2,209-€2,209Operating result 2022: -€6,876-€6,876Net result 2022: -€7,410-€7,410Operating result 2023: -€7,657-€7,657Net result 2023: -€10,625-€10,625Operating result 2024: €5,555€5,555Net result 2024: €5,076€5,07620202021202220232024-€15,000-€10,000-€5,000€0€5,000Operating result 2022: -€6,876-€6,880Net result 2022: -€7,410-€7,410Operating result 2023: -€7,657-€7,660Net result 2023: -€10,625-€10,600Operating result 2024: €5,555€5,560Net result 2024: €5,076€5,080202220232024
The operating result returns to profit in 2024: €5,555 after a loss of €7,657 in 2023, the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €57,926
Fixed assets €41,983 ▼ 12.5%
Current assets €15,943 ▼ 4.6%
Key figures and ratios
2024 value · change against 2023
EBITDA
€11,555▲
2023 · -€1,657
Cash flow
€11,076▲
2023 · -€4,625
Solvency
-12.4%▲
2023 · -18.9%
Current ratio
0.24▲
2023 · 0.22
Debt to equity
-9.08▼
2023 · -6.28
ROA
8.8%▲
2023 · -16.4%
Interest coverage
24.12▲
2023 · -0.44
Debt ≤ 1 year
€65,095▼
2023 · €75,983
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 3,799 companies that looked in July 2024 the way this one looks now, 2.5% went bankrupt within 24 months and 91% are still going.

  • Micro
  • 20 years or older
  • negative equity
  • a profit of 5% of the balance sheet or more
2.5% went bankrupt
5.3% stopped otherwise
91% still going

A further 0.8% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a bankruptcy probability of 0.7% over twelve months; the group does not contradict it.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.

The companies in ten equal groups, from lowest to highest expected share.
Group Expected Actual
1 0.2% 0.2%
2 0.3% 0.4%
3 0.5% 0.5%
4 0.6% 0.7%
5 0.8% 0.9%
6 1.2% 1.3%
7 1.5% 1.6%
8 1.7% 1.7%
9 2.7% 2.8%
10 5.3% 5.7%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.

An observation about 3,799 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.

Annual accounts
Filed annual accounts As filed with the NBB · 2024 against 2023 · 42 lines
Balance sheet Code20232024
Assets
Total assets20/58€64,688€57,926▼
Fixed assets21/28€47,984€41,983▼
Intangible fixed assets21€47,984€41,983▼
Current assets29/58€16,704€15,943▼
Amounts receivable within one year40/41€16,704€15,772▼
Trade receivables40€1,409€15,200▲
Other amounts receivable41€15,296€572▼
Cash at bank and in hand54/58€0-
Deferred charges and accrued income490/1-€171
Equity and liabilities
Total equity and liabilities10/49€64,688€57,926▼
Equity10/15-€12,245-€7,169▲
Contributions10/11€18,592€18,592=
Reserves13€3,189€3,189=
Non-distributable reserves130/1€1,859€1,859=
Reserves not available under the articles1311€1,859-
Other1319-€1,859
Distributable reserves133€1,330€1,330=
Profit (loss) carried forward14-€34,026-€28,950▲
Amounts payable17/49€76,933€65,095▼
Amounts payable within one year42/48€75,983€65,095▼
Financial debts43€89€1,045▲
Credit institutions430/8€89€1,045▲
Trade debts44€2,367€2,536▲
Suppliers440/4€2,367€2,536▲
Taxes, remuneration and social security45€0-
Taxes450/3€0-
Other amounts payable47/48€73,527€61,514▼
Accrued charges and deferred income492/3€950-
Income statement Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€6,000€6,000=
Other operating charges640/8€605€427▼
Gross operating margin9900-€1,051€11,982▲
Operating profit (loss)9901-€7,657€5,555▲
Financial income75/76B€770-
Recurring financial income75€770-
Financial charges65/66B€3,738€479▼
Recurring financial charges65€3,738€479▼
Profit (loss) for the period before taxes9903-€10,625€5,076▲
Profit (loss) for the period9904-€10,625€5,076▲
Profit (loss) for the period to be appropriated9905-€10,625€5,076▲
Appropriation of the result
Profit (loss) to be appropriated9906-€34,026-€28,950▲
Profit (loss) brought forward from the previous period14P-€23,401-€34,026▼
Social balance
Average headcount (FTE)90870.0-

The notes to these accounts (4 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20202021202220232024Change
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630-€33€5,984€6,000€6,000=
Other operating charges640/8-€459€460€605€427▼ 29.5%
Gross operating margin9900-€986-€1,963-€433-€1,051€11,982▲ 1,240%
Operating profit (loss)9901-€1,441-€2,454-€6,876-€7,657€5,555▲ 173%
Financial income75/76B-€887€978€770--
Recurring financial income75€0€887€978€770--
Financial charges65/66B-€642€1,512€3,738€479▼ 87.2%
Recurring financial charges65€264€642€1,512€3,738€479▼ 87.2%
Profit (loss) for the period before taxes9903-€1,704-€2,209-€7,410-€10,625€5,076▲ 148%
Profit (loss) for the period9904-€1,704-€2,209-€7,410-€10,625€5,076▲ 148%
Profit (loss) for the period to be appropriated9905-€1,704-€2,209-€7,410-€10,625€5,076▲ 148%
Line20202021202220232024Change
Assets
Total assets20/58€14,231€74,567€70,025€64,688€57,926▼ 10.5%
Fixed assets21/28-€59,967€53,984€47,984€41,983▼ 12.5%
Intangible fixed assets21-€59,967€53,984€47,984€41,983▼ 12.5%
Current assets29/58€14,231€14,599€16,042€16,704€15,943▼ 4.6%
Amounts receivable within one year40/41€14,231€14,423€13,808€16,704€15,772▼ 5.6%
Trade receivables40---€1,409€15,200▲ 979%
Other amounts receivable41-€14,423€13,808€15,296€572▼ 96.3%
Cash at bank and in hand54/58-€176€2,234€0--
Deferred charges and accrued income490/1----€171-
Equity and liabilities
Total equity and liabilities10/49€14,231€74,567€70,025€64,688€57,926▼ 10.5%
Equity10/15€7,999€5,790-€1,620-€12,245-€7,169▲ 41.5%
Contributions10/11-€18,592€18,592€18,592€18,592=
Reserves13€3,189€3,189€3,189€3,189€3,189=
Non-distributable reserves130/1-€1,859€1,859€1,859€1,859=
Reserves not available under the articles1311-€1,859€1,859€1,859--
Other1319----€1,859-
Distributable reserves133-€1,330€1,330€1,330€1,330=
Profit (loss) carried forward14-€13,782-€15,991-€23,401-€34,026-€28,950▲ 14.9%
Amounts payable17/49€6,232€68,776€71,645€76,933€65,095▼ 15.4%
Amounts payable within one year42/48€6,232€68,776€71,295€75,983€65,095▼ 14.3%
Financial debts43-€0-€89€1,045▲ 1,072%
Credit institutions430/8-€0-€89€1,045▲ 1,072%
Trade debts44€5,018€4,943€6,741€2,367€2,536▲ 7.2%
Suppliers440/4-€4,943€6,741€2,367€2,536▲ 7.2%
Taxes, remuneration and social security45--€753€0--
Taxes450/3--€753€0--
Other amounts payable47/48-€63,833€63,801€73,527€61,514▼ 16.3%
Accrued charges and deferred income492/3--€350€950--
Line20202021202220232024Change
Profit (loss) for the period9904-€1,704-€2,209-€7,410-€10,625€5,076▲ 148%
+ Depreciation and write-downs630-€33€5,984€6,000€6,000=
Operating cash flow (approximation)-€1,704-€2,176-€1,427-€4,625€11,076▲ 339%
Investment in fixed assets (approximation)--€0€0€1-
Change in cash--€2,058-€2,234--

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

2026
07-08
State Gazette act Registered office
Registered-office move · Director in office3 facts ▸
  • Registered-office move, Kalmthoutsesteenweg 71 2950 Kapellen
  • Board meeting, 15-07-2026
  • Director in office, Vargas Vargas Antonio (director)
2025
16-10
NBB filing Annual accounts filed
fiscal year 2024 · micro schema · 77 days late
2024
31-12
Financial Back to profitnet €5,076
Net result €5,076 after 6 loss-making years.
06-06
NBB filing Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial Weakest financial yearnet -€10,625
Net result drops to -€10,625, the lowest in the series; recovery starts the following year.
27-07
NBB filing Annual accounts filed
fiscal year 2022 · micro schema
2022
31-08
NBB filing Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
2021
31-08
NBB filing Annual accounts filed
fiscal year 2020 · abbreviated schema · 31 days late
2020
31-08
NBB filing Annual accounts filed
fiscal year 2019 · abbreviated schema · 31 days late
2019
30-07
NBB filing Annual accounts filed
fiscal year 2018 · micro schema
2018
02-08
NBB filing Annual accounts filed
fiscal year 2017 · micro schema · 2 days late
2017
14-09
NBB filing Annual accounts filed
fiscal year 2016 · micro schema · 45 days late
2016
15-06
NBB filing Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 6 acts read
About the unread acts

Of the 6 Belgian State Gazette acts we know for this company, 1 has been read. The other 5 have not been read yet: what they contain is neither established nor disproved here.

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Directors · office · real estate

Directors
6 acts for this company are in the Belgian State Gazette, of which we have read 1. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Kapellen · 1 establishment unit since 1983
seat establishment The establishment unit on the map
Ground area
886 m²
Building footprint
93 m²
Volume, LiDAR
684 m³
Parcel 11023I0086/00L000, Flanders · tallest building 13.8 m, ±2 floors. Linked by address, not a title deed.
2 companies at this address See who is registered here
1 establishment unit
A.E.S.
Kalmthoutsesteenweg 71, 2950 KapellenRenting and leasing of other machinery, equipment and tangible goods
since 19832.023.518.285
1 parcel
Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
11023I0086/00L000 Flanders 886 m² 1 · 93 m² 13.8 m · 2 fl.
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.

Structure & network

Owners and holdings

1 owner

Chain of control

  1. VARGAS D & S 100%
  2. A.E.S.

Highest known parent: VARGAS D & S. The sources do not say who stands above it.

Owners 1

Holdings 0

No holding stated in the accounts, acts or LEI register we read.

According to the annual accounts of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.

Connections & network

No current directors or connected companies found in the register.

Recognitions · licences · registrations

Food safety, FASFC

1 site
Kapellen (Antw.)2.023.518.285
1 permission
Drankgelegenheid · since 24-06-2026

Similar companies · same sector, comparable size

Of 1,188 companies in sector 77399 we hold annual accounts for 711. 153 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector

Identification & contact

Identification
Legal formPrivate limited company
Founded05-12-1983
Fiscal year end31-12
Activities, NACEBEL 2025
77399Renting and leasing of other machinery, equipment and tangible goods
Contact
Website www.cafe-latino.beKapellen
E-mail info@cafe-latino.beKapellen
E-invoicing
Reachable via Peppol
Peppol ID 0208:0424872173
Also 9925:BE0424872173
Registered 02-01-2025

Register as of 26 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.