A & E SOLUTIONS
ActiveSummary
The computed 12-month bankruptcy probability of A & E SOLUTIONS is 1.7% (moderate). The 2026 annual accounts show equity of €63,248 and a net result of €9,485. Equity has been growing by about 40% per year since 2019. Its solvency ranks better than 85% of 111 sector peers (NACE 49, financial year 2026). The company has been active since 2010 and the Belgian Official Gazette contains no insolvency or warning signals.
Overview
Overview
Official details
Source: KBO- Status
- Active since 26-03-2010 Normal situation
- Activity
- Freight transport by road NACE 49410and 1 other
- Establishment unit
- 2.186.717.223 8790 Waregem, since 26-03-2010
- Financial year end
- 31 March
- Peppol
- Reachable since 15-09-2025
Financial position
- Bankruptcy probabilitywithin 12 months
- 1.7%
- Gross margin
- €26,976
- ▼ 12.7%
- Turnover
- ≈ €94,000
- estimated
- Profit
- €9,485
- ▼ 25.6%
- Equity
- €63,248
- ▲ 17.6%
- Total assets
- €89,245
- ▲ 20.3%
Score breakdownraises risk1 change of registered office in 24 monthsLiquidity: current ratio 3.39Size: total assets €89,245Sector: Land transport and transport via pipelines (NACE 49)Show the evidence
Checked score
About 2 in 100 comparable companies go bankrupt within 12 months (an estimate).
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 49, micro). It does better than 81% of them on solvency, 81% on liquidity, 32% on profitability and 64% on growth.
The bankruptcy probability was computed on 02-11-2026 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.
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).
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
The company filed its last 7 accounts on average 22 days before the deadline. In the sector (NACE 49), the median for financial year 2024 was on the deadline day, and 49% of those companies filed late.
Searched, nothing found (2)
Financials
Financials · financial year 2026, micro format
Annual accounts 2026 filed on 28-10-2026 at the NBB all 16 filings
Amounts without an identifiable currency are taken as euros.
Every figure per financial year
The operating result for 2026 is 18% lower than in 2025. It is the second fall in a row.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Investments
| Item | 31-03-2022 | 31-03-2023 | 31-03-2024 | 31-03-2025 | 31-03-2026 |
|---|---|---|---|---|---|
| Tangible fixed assets | - | €2,368 | - | €1,652 | - |
| Depreciation and write-downs of the year | €2,270 | €1,747 | €1,499 | €237 | €330 |
Source: notes to the 2022 to 2026 annual accounts (statement of fixed assets)
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|---|---|---|
| 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 | €330 | ▲ 39.3% |
| Other operating charges640/8 | - | - | - | €2,325 | €2,833 | €7,111 | €1,828 | €2,873 | ▲ 57.2% |
| Gross operating margin9900 | €35,016 | -€6,296 | €36,173 | €5,481 | €16,718 | €41,555 | €30,911 | €26,976 | ▼ 12.7% |
| Operating profit (loss)9901 | €21,220 | -€17,995 | €21,908 | €885 | €12,138 | €32,944 | €28,846 | €23,773 | ▼ 17.6% |
| Financial income75/76B | - | - | - | - | €25 | - | €0 | - | - |
| Recurring financial income75 | €106 | - | €2 | - | €25 | - | €0 | - | - |
| Financial charges65/66B | - | - | - | €4,716 | €2,002 | €1,560 | €8,279 | €7,117 | ▼ 14.0% |
| Recurring financial charges65 | €3,564 | €3,379 | €3,677 | €4,716 | €2,002 | €1,560 | €8,279 | €7,117 | ▼ 14.0% |
| Profit (loss) for the period before taxes9903 | €17,762 | -€21,374 | €18,232 | -€3,830 | €10,160 | €31,384 | €20,567 | €16,656 | ▼ 19.0% |
| Income taxes67/77 | €4,029 | - | €3,656 | €393 | €3,904 | €10,467 | €7,815 | €7,171 | ▼ 8.2% |
| Profit (loss) for the period9904 | €13,733 | -€21,374 | €14,576 | -€4,223 | €6,256 | €20,917 | €12,752 | €9,485 | ▼ 25.6% |
| Profit (loss) for the period to be appropriated9905 | €13,733 | -€21,374 | €14,576 | -€4,223 | €6,256 | €20,917 | €12,752 | €9,485 | ▼ 25.6% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €71,369 | €88,139 | €76,277 | €70,230 | €65,059 | €70,829 | €74,187 | €89,245 | ▲ 20.3% |
| Fixed assets21/28 | €16,653 | €15,061 | €5,517 | €3,247 | €1,499 | - | €1,415 | €1,084 | ▼ 23.4% |
| Tangible fixed assets22/27 | €16,653 | €15,061 | €5,517 | €3,247 | €1,499 | - | €1,415 | €1,084 | ▼ 23.4% |
| Plant, machinery and equipment23 | - | - | - | €3,247 | €1,499 | - | - | - | - |
| Furniture and vehicles24 | - | - | - | - | - | - | €1,415 | €1,084 | ▼ 23.4% |
| Current assets29/58 | €54,716 | €73,078 | €70,760 | €66,984 | €63,560 | €70,829 | €72,772 | €88,161 | ▲ 21.1% |
| Amounts receivable within one year40/41 | €52,788 | €73,078 | €68,619 | €66,984 | €63,227 | €70,496 | €68,090 | €85,621 | ▲ 25.7% |
| Trade receivables40 | - | - | - | €32,509 | €18,275 | €18,470 | €8,326 | €15,158 | ▲ 82.1% |
| Other amounts receivable41 | - | - | - | €34,474 | €44,951 | €52,026 | €59,764 | €70,463 | ▲ 17.9% |
| Cash at bank and in hand54/58 | - | - | €2,141 | - | - | - | €131 | - | - |
| Deferred charges and accrued income490/1 | - | - | - | - | €333 | €333 | €4,551 | €2,540 | ▼ 44.2% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €71,369 | €88,139 | €76,277 | €70,230 | €65,059 | €70,829 | €74,187 | €89,245 | ▲ 20.3% |
| Equity10/15 | €24,859 | €3,485 | €18,061 | €13,837 | €20,094 | €41,011 | €53,763 | €63,248 | ▲ 17.6% |
| Contributions10/11 | €9,300 | - | - | €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 | €53,940 | ▲ 21.3% |
| 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 | €53,940 | ▲ 21.3% |
| Profit (loss) carried forward14 | - | -€7,675 | €1 | -€4,223 | €4 | €6 | €8 | €8 | ▲ 1.7% |
| Amounts payable17/49 | €46,510 | €84,654 | €58,216 | €56,393 | €44,965 | €29,818 | €20,425 | €25,997 | ▲ 27.3% |
| 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 | €25,997 | ▲ 27.3% |
| 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 | €3,622 | ▲ 479% |
| Credit institutions430/8 | - | - | - | €4,757 | €4,013 | €1,189 | €625 | €3,622 | ▲ 479% |
| Trade debts44 | €6,585 | €12,496 | €15,813 | €12,562 | €16,135 | €3,008 | €1,807 | €3,172 | ▲ 75.5% |
| Suppliers440/4 | - | - | - | €12,562 | €16,135 | €3,008 | €1,807 | €3,172 | ▲ 75.5% |
| Taxes, remuneration and social security45 | - | - | - | €12,243 | €13,462 | €25,134 | €9,241 | €19,203 | ▲ 108% |
| Taxes450/3 | - | - | - | €12,243 | €13,462 | €25,134 | €9,241 | €19,203 | ▲ 108% |
| Accrued charges and deferred income492/3 | - | - | - | - | - | €487 | - | - | - |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €13,733 | -€21,374 | €14,576 | -€4,223 | €6,256 | €20,917 | €12,752 | €9,485 | ▼ 25.6% |
| + Depreciation and write-downs630 | €8,276 | €9,781 | €9,544 | €2,270 | €1,747 | €1,499 | €237 | €330 | ▲ 39.3% |
| Operating cash flow (approximation) | €22,008 | -€11,593 | €24,120 | -€1,953 | €8,004 | €22,416 | €12,989 | €9,816 | ▼ 24.4% |
| Investment in fixed assets (approximation) | - | -€8,190 | €0 | €0 | €0 | - | - | €0 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 34,693 companies had the same profile as A & E SOLUTIONS has now. Two years later, 95.3% were still going and 0.7% had gone bankrupt.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
The bankruptcy probability of A & E SOLUTIONS itself is higher: 1.7% within 12 months. It rests on far more data about A & E SOLUTIONS than the profile alone.
Test of the method
The method was tested on the 497,446 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 34,693 companies, not a prediction for A & E SOLUTIONS. 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.
Latest 10 of 16 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-03-2026 | micro format | 28-10-2026 | 2026-00571213 | |
| 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 |
Board & ownership
Directors
Owners and capital
Capital transactions
- 30-11-2023 Converted to unavailable equity
Mandate history
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| VERMEULEN,Andy |
|
Articles of association
- Liquidation ruleIn a liquidation the creditors are paid first. What is left goes to the shareholders.
- “Om welke reden en op welk ogenblik ook, algemene vergadering mag één of meerdere vereffenaars aanduiden,bevoegdheden omlijnen en vergoeding…”
Articles of association, deed of 30-11-2023 (in Dutch)
Network & group
A & E SOLUTIONS shares no director with another company.
Connections & network
1 current directorThe network starts from the directors of A & E SOLUTIONS. Every other company they run is a node.
Timeline
Acts, filings and financial milestones
18-09
Gazette deed
Registered office moved from Zulte to WaregemNew seat: Ruitersdreef 145, 8790 Waregem · Previous seat: Lijsterstraat 27 bus A, 9870 Zulte · Permanent representative: Ignace Tavernier4 points ▸
- General meeting, 13-07-2026
- Registered-office move, Ruitersdreef 145, 8790 Waregem
- Power of attorney, BV Bartofisc
- Permanent representative, Ignace Tavernier
30-11
Gazette deed
Company renamed from A & E CARGO to A & E SOLUTIONSRegistered office moved within Zulte · New seat: 9870 Zulte, Lijsterstraat 27 A · Previous seat: 9870 Zulte, Waalstraat 1 bus B16 points ▸
- Other provision, “Statutair onbeschikbare eigen vermogensrekening” (deed in Dutch)
- Other provision, “TITEL VIII.ALGEMENE MAATREGELEN, weggelaten” (deed in Dutch)
- Director resignation, VERMEULEN,Andy (manager)
- Director appointment, VERMEULEN,Andy (director (not named in the articles))
- Other provision, “kwijting ontslagnemende zaakvoerder voor uitoefening mandaat, volgende jaarvergadering” (deed in Dutch)
- Registered office clause, “9870 Zulte,Lijsterstraat 27/A, TIENDE BESLUIT” (deed in Dutch)
- General meeting, 13-11-2023
- Registered-office move, 9870 Zulte,Lijsterstraat 27 A
- Name change, A & E SOLUTIONS
- Other provision, “verslag wijziging voorwerp, bevoegde griffie ondernemingsrechtbank” (deed in Dutch)
- Purpose change
- Other provision, “aanpassing statuten aan WVV en behoud rechtsvorm, statuten aanpassen” (deed in Dutch)
- The act holds 4 more points.
Show earlier events
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Register details
Identity
KBO recordRegistered office and establishments
1 former office
- Lijsterstraat 27 bus, 9870 Zulte until 13-07-2026 · act of 18-09-2026
Activities
NACEBEL 2025Codes under NACEBEL 2008
15 activities
- Nationaal en internationaal vervoer (transportonderneming);
- Het verhuren van rollend materieel;
- Het verwerven van participaties in eender welke vorm in alle bestaande of op te richten rechtspersonen en vennootschappen, het stimuleren, de planning, de coördinatie , de ontwikkeling van, en de investering in, rechtspersonen en ondernemingen waarin zij al of niet een participatie aanhoudt;
- Het toestaan van leningen en kredietopeningen aan rechtspersonen en ondernemingen of particulieren, onder om het even welke vorm, in dit kader kan zij zich ook borg stellen of haar aval verlenen, in de meest ruimste zin, alle handelingen financiële operaties verrichten behalve die wettelijk voor behouden zijn aan kredietinstellingen. De vennootschap kan zowel tot waarborg van eigen verbintenissen als tot waarborg van verbintenissen van derden borg stellen, onder meer door haar goederen in hypotheek of in pand te geven, inclusief de eigen handelszaak;
- Het ontwikkelen, kopen, verkopen, in licentie nemen of geven van octrooien, knowhow en aanverwante immateriële duurzame activa;
- Het onderzoek, de ontwikkeling, de vervaardiging of commercialiseren van nieuwe technologie en hun toepassingen;
- Het opnemen van mandaten als bestuurder en/of vereffenaar, managementactiviteiten van holdings, vertegenwoordigen van bedrijven op grond van bezit of controle over het maatschappelijke kapitaal en andere;
- Beheer van eigen roerend en onroerend vermogen ( aankoop en verkoop van patrimonium);
- Bijzondere bepalingen: De vennootschap mag alle verrichtingen stellen van .commerciële, industriële, onroerende, roerende of financiële aard dié rechtstreeks of onrechtstreeks met haar voorwerp verwant zijn of de verwezenlijking ervan kunnen bevorderen, in welk land ook. De vennootschap mag betrokken zijn bij wijze van inbreng, samensmelting, inschrijving of op elke andere wijze ook belanqen mogen hebben in alle ondernemingen die een gelijkaardig of gelijklopend voorwerp hebben of geacht worden het voorwerp van de vennootschap te beïnvloeden of te helpen realiseren.
- Algemene activiteit van mekanieker en onderhoud / herstellingen van allerlei rollend materieel, machines en divers materieel, zonder dat deze lijst beperkend is en met inbegrip van alle bijhorende activiteiten.
- Het verrichten van alle vormen van handelsbemiddeling, het optreden als agent en als zelfstandig vertegenwoordiger in diverse sectoren en voor diverse producten en diensten. De aan- en verkoop evenals de in- en uitvoer van om het even welke goederen evenals het optreden als tussenpersoon bij voormelde verrichtingen.
- Het verlenen van diensten en adviezen aan derden. Het optreden als consultant en diensten verlenen inzake commercieel, strategisch, financieel en administratief management, inzake technisch management en diverse technische aangelegenheden, inzake informatica en automatisering, inzake integrale kwaliteitszorg en divers zorg-, kwaliteits- en veiligheidssystemen, inzake productmanagement, design en vormgeving, inzake PR, publiciteit en marketing, inzake de administratieve organisatie en de implementatie van bedrijfsprocessen.
- Het aanleggen, het oordeelkundig uitbouwen en beheren van een onroerend vermogen; alle verrichtingen met betrekking tot onroerende goederen en onroerende zakelijke rechten (vruchtgebruik, recht van opstal, erfpacht, …), zoals de huurfinanciering van onroerend goederen aan derden, het aankopen, verkopen, ruilen, bouwen, verbouwen, onderhouden, verhuren, huren, verkavelen, prospecteren en uitbaten van onroerende goederen, het ontwerpen en opvolgen van projecten, en het maken van studies met betrekking tot immobiliën; de aan- en verkoop, huur en verhuur van roerende goederen betreffende de inrichting en uitrusting van onroerende goederen, alsmede alle handelingen die rechtstreeks of onrechtstreeks met dit voorwerp in verband staan en die van aard zijn de opbrengst van de onroerende goederen te bevorderen; alsmede zich borg stellen voor het goede verloop van verbintenissen, door derde personen aangegaan, die het genot zouden hebben van voormelde roerende en onroerende goederen.
- Het aanleggen, het oordeelkundig uitbouwen en beheren van een roerend vermogen; alle verrichtingen met betrekking tot roerende goederen en rechten, van welke aard ook, zoals het verwerven door inschrijving of aankoop, het beheren van aandelen, aandelenopties, obligaties, kasbons, afgeleide producten of andere roerende waarden, van welke vorm ook, uitgegeven door Belgische of buitenlandse emittenten.
- Overige zakelijke dienstverlening
Invoicing and payment
Financial year and general meeting
Accounts at the NBBSites & property
Buildings and parcels at the address
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 34452B0816/00X003 | Flanders | 914 m² | 1 · 176 m² | 8.0 m · 2 |