ADVANCED ELECTRICAL SOLUTIONS
Open bankruptcyAre you a creditor?
Open bankruptcy
Source: Belgian Official Gazette
If this company owes you money, you are not paid automatically: you file your claim yourself, within the deadline the judgment sets.
The procedure
- Court
- French-language Enterprise Court of Brussels
- Declared bankrupt
- 2 July 2026
- Supervising judge
- Alain Gillis
- Official Gazette
- 08-07-2026 (pdf) ↗search the document for 2026/131276
Deadlines
- Appeal or third-party opposition until
- passed on 23 July 2026Fifteen days after the publication in the Official Gazette.art. XX.108 CEL
- File the claim in RegSol until
- passed on 1 August 2026art. XX.104 and XX.155 CEL
- First verification report
- passed on 12 August 2026Goods that belong to you, such as those delivered under retention of title, are reclaimed before this day.art. XX.104 and XX.194 CEL
- Late claim until
- 2 July 2027Late, you share only in what has not been paid out yet, and the costs are yours.art. XX.165 CEL
Curator
- Charles-Henri SpringuelAvenue Louise 349, 1050 Ixellesch.springuel@avocat.be
What to do now
- Do not deliver on credit any more without an agreement with the curator.
- Gather your documents: invoices, purchase orders, contract, delivery notes and reminders.
- File your proof of claim in RegSol (regsol.be), yourself with eID or itsme, or through your lawyer. State principal, interest and costs separately, and any preferential right you hold.
- Delivered under retention of title? Reclaim your goods before the first report on the verification of claims.
- Ask your accountant about the VAT on the unpaid invoices: in a bankruptcy it can be recovered under conditions.
- Follow the file in RegSol: the verification report (admitted or disputed) and the curator's reports appear there.
The deadlines above come from the publication of the judgment. Check them in RegSol before you file anything; a passed deadline no longer applies.
File a claim in RegSol ↗
Watch
Follow this bankruptcy: you are alerted when it is closed or reversed.
General information, not legal advice. If in doubt, the curator, your lawyer or your accountant can help.Creditor guide for this company
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Signals
Two 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 →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 3 accounts on average 24 days before the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% of the sector filed late.
Checked, nothing found (1)
History
Go further with this company
Who ran this company, and where was it based, on a date before the end?Company as of a date Is the registered address a letterbox address or a business centre?Addresses Are there other customers at risk in your own list?Process a list How is the General electrical installation work sector doing?Sector figures
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2025, micro schema
Turnover
€216,931▲ 23.8%
2024 · €175,285
EBIT margin
3.9%▼ 5.3pp
2024 · 9.2%
Net result
€3,777▼ 70.4%
2024 · €12,747
Working capital
€42,049▲ 12.5%
2024 · €37,375
Trend over the years
In euros
In per cent
Ratio
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings. 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 fiscal year before
favourable
unfavourable
Line202320242025
Turnover€228,820-€175,285▼ 23.4%€216,931▲ 23.8%
Operating result€29,941-€16,169▼ 46.0%€8,544▼ 47.2%
Net result€23,034within the sector's middle half-€12,747within the sector's middle half▼ 44.7%€3,777within the sector's middle half▼ 70.4%
EBIT margin13.1%-9.2%▼ 3.9pp3.9%▼ 5.3pp
Equity€28,034within the sector's middle half-€40,782within the sector's middle half▲ 45.5%€44,559within the sector's middle half▲ 9.3%
Total assets€43,642below the sector's middle half-€58,532below the sector's middle half▲ 34.1%€100,979within the sector's middle half▲ 72.5%
Debt€15,608-€17,750▲ 13.7%€56,420▲ 218%
Working capital€27,213within the sector's middle half-€37,375within the sector's middle half▲ 37.3%€42,049within the sector's middle half▲ 12.5%
Solvency64.2%within the sector's middle half-69.7%above the sector's middle half▲ 5.4pp44.1%within the sector's middle half▼ 25.5pp
Current ratio2.74within the sector's middle half-3.11within the sector's middle half▲ 0.361.75within the sector's middle half▼ 1.36
Return on assets (ROA)52.8%above the sector's middle half-21.8%above the sector's middle half▼ 31.0pp3.7%within the sector's middle half▼ 18.0pp
above
within
below
the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings.
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 €100,979
Fixed assets
€2,510 ▼ 26.3%
Current assets
€98,469 ▲ 78.6%
Equity and liabilities €100,979
Equity
€44,559 ▲ 9.3%
Debt
€56,420 ▲ 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
€10,627▼
2024 · €17,009
Cash flow
€5,861▼
2024 · €13,588
Debt to equity
1.27▲
2024 · 0.44
ROE
8.5%▼
2024 · 31.3%
Interest coverage
4.61▼
2024 · 499.98
Debt ≤ 1 year
€56,420▲
2024 · €17,750
Income taxes
€2,461▼
2024 · €3,398
Staff costs
€26,267▲
2024 · €694
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Turnover70 | €228,820 | €175,285 | €216,931 | ▲ 23.8% |
| Non-recurring operating income76A | €1,217 | €1,689 | €3,697 | ▲ 119% |
| Goods, raw materials, services and sundry goods60/61 | €198,902 | €158,877 | €182,267 | ▲ 14.7% |
| Remuneration, social security and pensions62 | - | €694 | €26,267 | ▲ 3,687% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €534 | €840 | €2,084 | ▲ 148% |
| Other operating charges640/8 | €660 | €394 | €1,467 | ▲ 272% |
| Gross operating margin9900 | €31,135 | €18,097 | €38,361 | ▲ 112% |
| Operating profit (loss)9901 | €29,941 | €16,169 | €8,544 | ▼ 47.2% |
| Financial income75/76B | €58 | €11 | - | - |
| Recurring financial income75 | €58 | €11 | - | - |
| Financial charges65/66B | €540 | €34 | €2,306 | ▲ 6,678% |
| Recurring financial charges65 | €540 | €34 | €2,306 | ▲ 6,678% |
| Profit (loss) for the period before taxes9903 | €29,459 | €16,146 | €6,238 | ▼ 61.4% |
| Income taxes67/77 | €6,424 | €3,398 | €2,461 | ▼ 27.6% |
| Profit (loss) for the period9904 | €23,034 | €12,747 | €3,777 | ▼ 70.4% |
| Profit (loss) for the period to be appropriated9905 | €23,034 | €12,747 | €3,777 | ▼ 70.4% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €43,642 | €58,532 | €100,979 | ▲ 72.5% |
| Fixed assets21/28 | €821 | €3,407 | €2,510 | ▼ 26.3% |
| Tangible fixed assets22/27 | €596 | €3,182 | €2,285 | ▼ 28.2% |
| Plant, machinery and equipment23 | - | €2,161 | €1,375 | ▼ 36.4% |
| Furniture and vehicles24 | €596 | €1,021 | €910 | ▼ 10.9% |
| Financial fixed assets28 | €225 | €225 | €225 | = |
| Current assets29/58 | €42,821 | €55,124 | €98,469 | ▲ 78.6% |
| Amounts receivable within one year40/41 | €37,675 | €45,094 | €97,689 | ▲ 117% |
| Trade receivables40 | €1,980 | €10,735 | €21,310 | ▲ 98.5% |
| Other amounts receivable41 | €35,694 | €34,359 | €76,378 | ▲ 122% |
| Cash at bank and in hand54/58 | €4,197 | €9,750 | €6 | ▼ 99.9% |
| Deferred charges and accrued income490/1 | €949 | €280 | €775 | ▲ 176% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €43,642 | €58,532 | €100,979 | ▲ 72.5% |
| Equity10/15 | €28,034 | €40,782 | €44,559 | ▲ 9.3% |
| Contributions10/11 | €5,000 | €5,000 | €5,000 | = |
| Profit (loss) carried forward14 | €23,034 | €35,782 | €39,559 | ▲ 10.6% |
| Amounts payable17/49 | €15,608 | €17,750 | €56,420 | ▲ 218% |
| Amounts payable within one year42/48 | €15,608 | €17,750 | €56,420 | ▲ 218% |
| Financial debts43 | - | - | €10,141 | - |
| Credit institutions430/8 | - | - | €10,141 | - |
| Trade debts44 | €9,183 | €10,652 | €32,397 | ▲ 204% |
| Suppliers440/4 | €9,183 | €10,652 | €32,397 | ▲ 204% |
| Taxes, remuneration and social security45 | €6,424 | €7,097 | €13,882 | ▲ 95.6% |
| Taxes450/3 | €6,424 | €5,240 | €6,451 | ▲ 23.1% |
| Remuneration and social security454/9 | €0 | €1,858 | €7,431 | ▲ 300% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €23,034 | €12,747 | €3,777 | ▼ 70.4% |
| + Depreciation and write-downs630 | €534 | €840 | €2,084 | ▲ 148% |
| Operating cash flow (approximation) | €23,568 | €13,588 | €5,861 | ▼ 56.9% |
| Investment in fixed assets (approximation) | - | -€3,426 | -€1,186 | ▲ 65.4% |
| Change in cash | - | €5,553 | -€9,745 | ▼ 275% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
2026
08-07
Bankruptcy
Opening
Tribunal de l’entreprise francophone de Bruxelles · event 02-07-2026
2025
08-10
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
31-03
Financial
Weakest financial yearnet €3,777 ▼70.4%
Net result drops to €3,777, 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.
0 of 3 acts read
About the unread acts
We know of 3 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
No directors read yet: 0 of 3 Gazette acts processed. See the function holders in the CBE →
Location & real-estate footprint
Registered office, Brussel · 1 establishment unit since 2021
Ground 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.
280
companies at this address
See who is registered here
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
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.
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 22,818 companies in this sector we hold annual accounts for 10,343. 8,456 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company details
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
E-invoicing
Reachable via Peppol
Peppol ID
0208:0774633684
Also
9925:BE0774633684
Registered
12-12-2025
The company is no longer active; its Peppol card can remain until its access point withdraws it.
Register as of 1 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.