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A & E SOLUTIONS

Active
Private limited companyfounded 2010active for 16 yearsRuitersdreef 145, 8790 Waregem, BelgiumKBO/BCE: BE 0824.362.319
Summary

The computed 12-month bankruptcy probability of A & E SOLUTIONS is 2.7% (moderate). The 2025 annual accounts show equity of €53,763 and a net result of €12,752. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 82% of 5,826 sector peers (NACE 49, financial year 2025). The company has been active since 2010 and the Belgian Official Gazette contains no insolvency or warning signals.

Financials · financial year 2025, micro format

Source amounts without an identifiable currency are assumed to be EUR.

Equity
€53,763▲ 31.1%
2024 · €41,011
Total assets
€74,187▲ 4.7%
2024 · €70,829
Net result
€12,752▼ 39.0%
2024 · €20,917
Working capital
€52,348▲ 26.1%
2024 · €41,498
Trend over the years

2021 to 2025, 5 financial years 2019 to 2025, 7 financial years

The operating result falls in 2025; 2025 is 12% below 2024.

What the company sold each financial year and what was left of it. A loss stands below the zero line.

Operating result€28,846 2025 Net result€12,752 2025

Use the arrow keys on the chart for the figures per year.

Sector: the middle half of NACE 49, Land transport and transport via pipelines: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).

Every figure with its change against the financial year before
favourable unfavourable
Line2019202020212022202320242025
Operating result€21,220--€17,995€21,908€885▼ 96.0%€12,138▲ 14×€32,944▲ 171%€28,846▼ 12.4%
Net result€13,733--€21,374below the sector's middle half€14,576within the sector's middle half-€4,223below the sector's middle half€6,256within the sector's middle half€20,917above the sector's middle half▲ 234%€12,752within the sector's middle half▼ 39.0%
Equity€24,859-€3,485below the sector's middle half▼ 86.0%€18,061within the sector's middle half▲ 418%€13,837within the sector's middle half▼ 23.4%€20,094within the sector's middle half▲ 45.2%€41,011within the sector's middle half▲ 104%€53,763within the sector's middle half▲ 31.1%
Total assets€71,369-€88,139within the sector's middle half▲ 23.5%€76,277within the sector's middle half▼ 13.5%€70,230within the sector's middle half▼ 7.9%€65,059within the sector's middle half▼ 7.4%€70,829within the sector's middle half▲ 8.9%€74,187within the sector's middle half▲ 4.7%
Debt€46,510-€84,654▲ 82.0%€58,216▼ 31.2%€56,393▼ 3.1%€44,965▼ 20.3%€29,818▼ 33.7%€20,425▼ 31.5%
Working capital€21,177-€5,520within the sector's middle half▼ 73.9%€13,075within the sector's middle half▲ 137%€21,947within the sector's middle half▲ 67.9%€18,594within the sector's middle half▼ 15.3%€41,498within the sector's middle half▲ 123%€52,348within the sector's middle half▲ 26.1%
Solvency34.8%-4.0%below the sector's middle half▼ 30.9pp23.7%within the sector's middle half▲ 19.7pp19.7%within the sector's middle half▼ 4.0pp30.9%within the sector's middle half▲ 11.2pp57.9%within the sector's middle half▲ 27.0pp72.5%above the sector's middle half▲ 14.6pp
Current ratio1.63-1.08within the sector's middle half▼ 0.551.23within the sector's middle half▲ 0.141.49within the sector's middle half▲ 0.261.41within the sector's middle half▼ 0.072.41within the sector's middle half▲ 1.003.56above the sector's middle half▲ 1.15
Return on assets (ROA)19.2%--24.3%below the sector's middle half▼ 43.5pp19.1%above the sector's middle half▲ 43.4pp-6.0%below the sector's middle half▼ 25.1pp9.6%within the sector's middle half▲ 15.6pp29.5%above the sector's middle half▲ 19.9pp17.2%above the sector's middle half▼ 12.3pp
above within below the middle half of NACE 49, Land transport and transport via pipelines: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30.
Turnover and EBIT margin not published: the micro format does not require them.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €74,187
Fixed assets €1,415
Current assets €72,772
Equity and liabilities €74,187
Equity €53,763 ▲ 31.1%
Debt €20,425 ▼ 31.5%
Debt's share of the balance-sheet total falls from 42.1% to 27.5%. Equity is higher and debt is lower.
Key figures and ratios
2025 value · change against 2024
EBITDA
€29,083▼
2024 · €34,443
Cash flow
€12,989▼
2024 · €22,416
Debt to equity
0.38▼
2024 · 0.73
ROE
23.7%▼
2024 · 51.0%
Interest coverage
3.51▼
2024 · 22.08
Debt ≤ 1 year
€20,425▼
2024 · €29,331
Income taxes
€7,815▼
2024 · €10,467
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 34,695 companies that looked in July 2024 the way this one looks now, 0.7% went bankrupt within 24 months and 95.3% are still going.

  • Micro
  • 10 to 20 years old
  • solvency 30% or more
  • a profit of 5% of the balance sheet or more
0.7% went bankrupt
3.9% stopped otherwise
95.3% still going

For this company itself Checked computes a higher bankruptcy probability: 2.7% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,475 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.

The companies in ten equal groups, from lowest to highest expected share.
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%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74.5% 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 34,695 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 · 2025 against 2024 · 43 lines
Balance sheet Code20242025
Assets
Total assets20/58€70,829€74,187▲
Fixed assets21/28-€1,415
Tangible fixed assets22/27-€1,415
Furniture and vehicles24-€1,415
Current assets29/58€70,829€72,772▲
Amounts receivable within one year40/41€70,496€68,090▼
Trade receivables40€18,470€8,326▼
Other amounts receivable41€52,026€59,764▲
Cash at bank and in hand54/58-€131
Deferred charges and accrued income490/1€333€4,551▲
Equity and liabilities
Total equity and liabilities10/49€70,829€74,187▲
Equity10/15€41,011€53,763▲
Contributions10/11€9,300€9,300=
Reserves13€31,705€44,455▲
Distributable reserves133€31,705€44,455▲
Profit (loss) carried forward14€6€8▲
Amounts payable17/49€29,818€20,425▼
Amounts payable within one year42/48€29,331€20,425▼
Current portion of amounts payable after more than one year42-€8,751
Financial debts43€1,189€625▼
Credit institutions430/8€1,189€625▼
Trade debts44€3,008€1,807▼
Suppliers440/4€3,008€1,807▼
Taxes, remuneration and social security45€25,134€9,241▼
Taxes450/3€25,134€9,241▼
Accrued charges and deferred income492/3€487-
Income statement Code20242025
Non-recurring operating income76A€17,195-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€1,499€237▼
Other operating charges640/8€7,111€1,828▼
Gross operating margin9900€41,555€30,911▼
Operating profit (loss)9901€32,944€28,846▼
Financial income75/76B-€0
Recurring financial income75-€0
Financial charges65/66B€1,560€8,279▲
Recurring financial charges65€1,560€8,279▲
Profit (loss) for the period before taxes9903€31,384€20,567▼
Income taxes67/77€10,467€7,815▼
Profit (loss) for the period9904€20,917€12,752▼
Profit (loss) for the period to be appropriated9905€20,917€12,752▼
Appropriation of the result
Profit (loss) to be appropriated9906€20,921€12,758▼
Profit (loss) brought forward from the previous period14P€4€6▲
Transfer to equity691/2€20,915€12,750▼
To other reserves6921€20,915€12,750▼

The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line2019202020212022202320242025Change
Non-recurring operating income76A----€4,632€17,195--
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€8,276€9,781€9,544€2,270€1,747€1,499€237▼ 84.2%
Other operating charges640/8---€2,325€2,833€7,111€1,828▼ 74.3%
Gross operating margin9900€35,016-€6,296€36,173€5,481€16,718€41,555€30,911▼ 25.6%
Operating profit (loss)9901€21,220-€17,995€21,908€885€12,138€32,944€28,846▼ 12.4%
Financial income75/76B----€25-€0-
Recurring financial income75€106-€2-€25-€0-
Financial charges65/66B---€4,716€2,002€1,560€8,279▲ 431%
Recurring financial charges65€3,564€3,379€3,677€4,716€2,002€1,560€8,279▲ 431%
Profit (loss) for the period before taxes9903€17,762-€21,374€18,232-€3,830€10,160€31,384€20,567▼ 34.5%
Income taxes67/77€4,029-€3,656€393€3,904€10,467€7,815▼ 25.3%
Profit (loss) for the period9904€13,733-€21,374€14,576-€4,223€6,256€20,917€12,752▼ 39.0%
Profit (loss) for the period to be appropriated9905€13,733-€21,374€14,576-€4,223€6,256€20,917€12,752▼ 39.0%
Line2019202020212022202320242025Change
Assets
Total assets20/58€71,369€88,139€76,277€70,230€65,059€70,829€74,187▲ 4.7%
Fixed assets21/28€16,653€15,061€5,517€3,247€1,499-€1,415-
Tangible fixed assets22/27€16,653€15,061€5,517€3,247€1,499-€1,415-
Plant, machinery and equipment23---€3,247€1,499---
Furniture and vehicles24------€1,415-
Current assets29/58€54,716€73,078€70,760€66,984€63,560€70,829€72,772▲ 2.7%
Amounts receivable within one year40/41€52,788€73,078€68,619€66,984€63,227€70,496€68,090▼ 3.4%
Trade receivables40---€32,509€18,275€18,470€8,326▼ 54.9%
Other amounts receivable41---€34,474€44,951€52,026€59,764▲ 14.9%
Cash at bank and in hand54/58--€2,141---€131-
Deferred charges and accrued income490/1----€333€333€4,551▲ 14×
Equity and liabilities
Total equity and liabilities10/49€71,369€88,139€76,277€70,230€65,059€70,829€74,187▲ 4.7%
Equity10/15€24,859€3,485€18,061€13,837€20,094€41,011€53,763▲ 31.1%
Contributions10/11€9,300--€9,300€9,300€9,300€9,300=
Reserves13€15,559€1,860€8,760€8,760€10,790€31,705€44,455▲ 40.2%
Non-distributable reserves130/1---€1,860€1,860---
Reserves not available under the articles1311---€1,860€1,860---
Distributable reserves133---€6,900€8,930€31,705€44,455▲ 40.2%
Profit (loss) carried forward14--€7,675€1-€4,223€4€6€8▲ 37.5%
Amounts payable17/49€46,510€84,654€58,216€56,393€44,965€29,818€20,425▼ 31.5%
Amounts payable after more than one year17€12,780€17,096€532€11,356----
Financial debts170/4---€11,356----
Amounts payable within one year42/48€33,540€67,558€57,685€45,037€44,965€29,331€20,425▼ 30.4%
Current portion of amounts payable after more than one year42---€15,475€11,356-€8,751-
Financial debts43---€4,757€4,013€1,189€625▼ 47.4%
Credit institutions430/8---€4,757€4,013€1,189€625▼ 47.4%
Trade debts44€6,585€12,496€15,813€12,562€16,135€3,008€1,807▼ 39.9%
Suppliers440/4---€12,562€16,135€3,008€1,807▼ 39.9%
Taxes, remuneration and social security45---€12,243€13,462€25,134€9,241▼ 63.2%
Taxes450/3---€12,243€13,462€25,134€9,241▼ 63.2%
Accrued charges and deferred income492/3-----€487--
Line2019202020212022202320242025Change
Profit (loss) for the period9904€13,733-€21,374€14,576-€4,223€6,256€20,917€12,752▼ 39.0%
+ Depreciation and write-downs630€8,276€9,781€9,544€2,270€1,747€1,499€237▼ 84.2%
Operating cash flow (approximation)€22,008-€11,593€24,120-€1,953€8,004€22,416€12,989▼ 42.1%
Investment in fixed assets (approximation)--€8,190€0€0€0---

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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Latest 10 of 15 filings with the National Bank
Financial year Type Filed Reference
31-03-2025 micro format 20-10-2025 2025-00545825
31-03-2024 micro format 24-10-2024 2024-00516954
31-03-2023 micro format 28-09-2023 2023-00457997
31-03-2022 micro format 28-09-2022 2022-20452080
31-03-2021 micro format 22-09-2021 2021-67900515
31-03-2020 micro format 05-10-2020 2020-58700502
31-03-2019 micro format 23-09-2019 2019-65500219
31-03-2018 micro format 30-10-2018 2018-70700269
31-03-2017 micro format 10-11-2017 2017-69500112
31-03-2016 abbreviated format 01-10-2016 2016-64800321

Show all 15 filings

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