ADVANCED ELECTRICAL SOLUTIONS
Open bankruptcyA bankruptcy procedure is open for ADVANCED ELECTRICAL SOLUTIONS according to publications in the Belgian State Gazette; curator: CHARLES-HENRI SPRINGUEL.
Summary
The 2025 annual accounts show equity of €45k and a net result of €4k.
Signals
Three signals. The signal on the left, the evidence on the right.
+raises risk○neutral
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2025 was due by 31-10-2025 and was filed on 08-10-2025, 23 days ahead of the deadline.
NBB · 3 filingsDeviation from the deadline
2025
23 d early
2024
35 d early
2023
15 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-03-2026 and is due by 31-10-2026. Nothing is late today.
Companies Code · seven monthsPosition in the running window
31-03-2026 close24-09-2026 today31-10-2026 deadline
Financials · fiscal year 2025, micro schema
Turnover
€217k▲ 23.8%
2024 · €175k
2023: €229k
2024: €175k
2023 → 2025
EBIT margin
3.9%▼ 5.3pp
2024 · 9.2%
2023: 13.1%
2024: 9.2%
2023 → 2025
Net result
€4k▼ 70.4%
2024 · €13k
2023: €23k
2024: €13k
2023 → 2025
Working capital
€42k▲ 12.5%
2024 · €37k
2023: €27k
2024: €37k
2023 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line202320242025Trend
Turnover€229k-€175k▼ 23.4%€217k▲ 23.8%
Equity€28k-€41k▲ 45.5%€45k▲ 9.3%
Operating result€30k-€16k▼ 46.0%€9k▼ 47.2%
Net result€23k-€13k▼ 44.7%€4k▼ 70.4%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2025 is 47% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €101k
Fixed assets
€3k ▼ 26.3%
Current assets
€98k ▲ 78.6%
Equity and liabilities €101k
Equity
€45k ▲ 9.3%
Debt
€56k ▲ 218%
Debt's share of the balance-sheet total rises from 30.3% to 55.9%. Equity and debt are higher.
Key figures and ratios
EBITDA
€11k▼
2024 · €17k
Cash flow
€6k▼
2024 · €14k
Current ratio
1.75▼
2024 · 3.11
Debt to equity
1.27▲
2024 · 0.44
ROE
8.5%▼
2024 · 31.3%
ROA
3.7%▼
2024 · 21.8%
Interest coverage
4.61▼
2024 · 499.98
Debt ≤ 1 year
€56k▲
2024 · €18k
Income taxes
€2k▼
2024 · €3k
Staff costs
€26k▲
2024 · €694
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 43 lines
Balance sheet
Code20242025
Assets
Total assets20/58€59k€101k▲
Fixed assets21/28€3k€3k▼
Tangible fixed assets22/27€3k€2k▼
Plant, machinery and equipment23€2k€1k▼
Furniture and vehicles24€1k€910▼
Financial fixed assets28€225€225=
Current assets29/58€55k€98k▲
Amounts receivable within one year40/41€45k€98k▲
Trade receivables40€11k€21k▲
Other amounts receivable41€34k€76k▲
Cash at bank and in hand54/58€10k€6▼
Deferred charges and accrued income490/1€280€775▲
Equity and liabilities
Total equity and liabilities10/49€59k€101k▲
Equity10/15€41k€45k▲
Contributions10/11€5k€5k=
Profit (loss) carried forward14€36k€40k▲
Amounts payable17/49€18k€56k▲
Amounts payable within one year42/48€18k€56k▲
Financial debts43-€10k
Credit institutions430/8-€10k
Trade debts44€11k€32k▲
Suppliers440/4€11k€32k▲
Taxes, remuneration and social security45€7k€14k▲
Taxes450/3€5k€6k▲
Remuneration and social security454/9€2k€7k▲
Income statement
Code20242025
Turnover70€175k€217k▲
Non-recurring operating income76A€2k€4k▲
Goods, raw materials, services and sundry goods60/61€159k€182k▲
Remuneration, social security and pensions62€694€26k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€840€2k▲
Other operating charges640/8€394€1k▲
Gross operating margin9900€18k€38k▲
Operating profit (loss)9901€16k€9k▼
Financial income75/76B€11-
Recurring financial income75€11-
Financial charges65/66B€34€2k▲
Recurring financial charges65€34€2k▲
Profit (loss) for the period before taxes9903€16k€6k▼
Income taxes67/77€3k€2k▼
Profit (loss) for the period9904€13k€4k▼
Profit (loss) for the period to be appropriated9905€13k€4k▼
Appropriation of the result
Profit (loss) to be appropriated9906€36k€40k▲
Profit (loss) brought forward from the previous period14P€23k€36k▲
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
08-07
Bankruptcy
Opening
Tribunal de l’entreprise francophone de Bruxelles · SRL ADVANCED ELECTRICAL SOLUTIONS AVENUE DE STALINGRAD 52, 1000 BRUXELLES · event 02-07-2026
2025
08-10
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
31-03
Financial
Weakest financial yearnet €4k ▼70.4%
Net result drops to €4k, the lowest in the series.
2024
26-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2023
16-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
3 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Brussel · 1 establishment unit since 2021
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Stalingradlaan 521000 BrusselGround area
336 m²
Building footprint
340 m²
Volume, LiDAR
4,175 m³
Parcel 21809K0170/02B005, Brussels · tallest building 21.1 m, ±5 floors. Linked by address, not a title deed.
1 establishment unit
ADVANCED ELECTRICAL SOLUTIONS
since 20212.321.982.040
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21809K0170/02B005 | Brussels | 336 m² | 1 · 340 m² | 21.1 m · 5 fl. |
Linked by address, not proof of ownership
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.
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | CHARLES-HENRI SPRINGUEL AVENUE LOUISE 349,
1050 IXELLES |
02-07-2026 → present |
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Of 22,821 companies in sector 43211 we hold annual accounts for 10,326. 8,447 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded27-09-2021
Fiscal year end31-03
Abbreviation FR
AES
Activities, NACEBEL 2025
43211General electrical installation work
43212Electrical installation work in industrial facilities
43222Installation of electric heating, air conditioning, cooling and ventilation
Sources
Crossroads Bank for EnterprisesNational Bank · 3 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.