Advanced Energy
ActiveSummary
The computed 12-month bankruptcy probability of Advanced Energy is 2.1% (moderate). The 2025 annual accounts show equity of €214,620 and a net result of €125,020. Equity is growing by ~93.5% per year across the filed fiscal years. Its solvency ranks better than 21% of 28374 sector peers (fiscal year 2025). The company has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability83▲+4
Solvency44▲+4
Growth78=
Track record94
Bankruptcy probability, 12 months
2.1%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €12,000 at 30 days acceptable
Liquidity tight (current ratio 1.25 against 1.15 in 2024; short-term debt: 69.8% and cash: 38.9% of total assets), and 80.6% of the assets are financed with debt.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
19.4%
Return on assets
11.3%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 21% of 28374 sector peers (2025).
NBB · sector comparisonPosition among 28374 sector peers
Solvency
better than 21%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 25-03-2026, 128 days ahead of the deadline.
NBB · 3 filingsDeviation from the deadline
2025
128 d early
2024
125 d early
2023
75 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 109 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 (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. Usually files around 28 March (3 of the last 3 filed years within 51 days of that day).
Companies Code · seven monthsPosition in the running window
30-09-2026 today31-12-2026 close31-07-2027 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you trust this company with building work?Contractor check Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check What other support did companies like this one receive, and it did not?Public money
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Financials · fiscal year 2025, micro schema
Equity
€214,620▲ 133%
2024 · €92,099
Total assets
€1.1m▲ 77.8%
2024 · €622,410
Net result
€125,020▲ 140%
2024 · €52,163
Working capital
€194,492▲ 209%
2024 · €62,968
Trend over the years
In euros
In per cent
Ratio
In full-time equivalents (FTE)
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
In full-time equivalents (FTE)
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
Operating result€56,258-€82,167▲ 46.1%€181,996▲ 121%
Net result€41,435above the sector's middle half-€52,163above the sector's middle half▲ 25.9%€125,020above the sector's middle half▲ 140%
Equity€42,435within the sector's middle half-€92,099within the sector's middle half▲ 117%€214,620above the sector's middle half▲ 133%
Total assets€321,659above the sector's middle half-€622,410above the sector's middle half▲ 93.5%€1.1mabove the sector's middle half▲ 77.8%
Debt€279,224-€530,312▲ 89.9%€891,964▲ 68.2%
Working capital€105,296above the sector's middle half-€62,968within the sector's middle half▼ 40.2%€194,492above the sector's middle half▲ 209%
Solvency13.2%below the sector's middle half-14.8%below the sector's middle half▲ 1.6pp19.4%below the sector's middle half▲ 4.6pp
Current ratio1.81within the sector's middle half-1.15within the sector's middle half▼ 0.661.25within the sector's middle half▲ 0.10
Return on assets (ROA)12.9%within the sector's middle half-8.4%within the sector's middle half▼ 4.5pp11.3%within the sector's middle half▲ 2.9pp
Staff (FTE)1-3▲ 200%7.8▲ 160%
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 risen two years in a row; 2025 is 121% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.1m
Fixed assets
€139,872 ▼ 7.1%
Current assets
€966,712 ▲ 105%
Equity and liabilities €1.1m
Equity
€214,620 ▲ 133%
Debt
€891,964 ▲ 68.2%
Debt's share of the balance-sheet total falls from 85.2% to 80.6%. Equity and debt are higher.
Key figures and ratios
EBITDA
€216,747▲
2024 · €109,324
Cash flow
€159,771▲
2024 · €79,319
Quick ratio
0.93▲
2024 · 0.83
Debt to equity
4.16▼
2024 · 5.76
ROE
58.3%▲
2024 · 56.6%
Interest coverage
20.97▲
2024 · 10.89
Debt ≤ 1 year
€772,220▲
2024 · €408,866
Debt > 1 year
€119,744▼
2024 · €121,446
Income taxes
€58,030▲
2024 · €23,208
Staff costs
€519,653▲
2024 · €181,363
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 7,976 companies that looked in July 2024 the way this one looks now, 3.6% went bankrupt within 24 months and 94% are still going.
- Micro
- 2 to 5 years old
- solvency 10 to 30%
- a profit of 5% of the balance sheet or more
3.6%
went bankrupt
1.8%
stopped otherwise
94%
still going
A further 0.3% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 2.1% 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 497,340 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.0% |
| 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% 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 7,976 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
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Remuneration, social security and pensions62 | €17,372 | €181,363 | €519,653 | ▲ 187% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €10,218 | €27,156 | €34,751 | ▲ 28.0% |
| Other operating charges640/8 | €584 | €1,620 | €6,221 | ▲ 284% |
| Gross operating margin9900 | €84,433 | €292,307 | €742,621 | ▲ 154% |
| Operating profit (loss)9901 | €56,258 | €82,167 | €181,996 | ▲ 121% |
| Financial income75/76B | €1,269 | €3,246 | €11,392 | ▲ 251% |
| Recurring financial income75 | €1,269 | €3,246 | €11,392 | ▲ 251% |
| Financial charges65/66B | €476 | €10,043 | €10,338 | ▲ 2.9% |
| Recurring financial charges65 | €476 | €10,043 | €10,338 | ▲ 2.9% |
| Profit (loss) for the period before taxes9903 | €57,051 | €75,370 | €183,050 | ▲ 143% |
| Income taxes67/77 | €15,616 | €23,208 | €58,030 | ▲ 150% |
| Profit (loss) for the period9904 | €41,435 | €52,163 | €125,020 | ▲ 140% |
| Profit (loss) for the period to be appropriated9905 | €41,435 | €52,163 | €125,020 | ▲ 140% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €321,659 | €622,410 | €1.1m | ▲ 77.8% |
| Fixed assets21/28 | €87,139 | €150,577 | €139,872 | ▼ 7.1% |
| Tangible fixed assets22/27 | €84,609 | €137,047 | €120,622 | ▼ 12.0% |
| Plant, machinery and equipment23 | €21,099 | €26,652 | €29,020 | ▲ 8.9% |
| Furniture and vehicles24 | €63,510 | €110,394 | €91,602 | ▼ 17.0% |
| Financial fixed assets28 | €2,530 | €13,530 | €19,250 | ▲ 42.3% |
| Current assets29/58 | €234,520 | €471,834 | €966,712 | ▲ 105% |
| Stocks and contracts in progress3 | €15,000 | €132,062 | €245,939 | ▲ 86.2% |
| Stocks30/36 | €15,000 | €132,062 | €245,939 | ▲ 86.2% |
| Amounts receivable within one year40/41 | €93,254 | €176,691 | €277,768 | ▲ 57.2% |
| Trade receivables40 | €36,009 | €128,648 | €195,142 | ▲ 51.7% |
| Other amounts receivable41 | €57,246 | €48,043 | €82,625 | ▲ 72.0% |
| Cash at bank and in hand54/58 | €126,025 | €158,636 | €429,956 | ▲ 171% |
| Deferred charges and accrued income490/1 | €240 | €4,445 | €13,050 | ▲ 194% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €321,659 | €622,410 | €1.1m | ▲ 77.8% |
| Equity10/15 | €42,435 | €92,099 | €214,620 | ▲ 133% |
| Contributions10/11 | €1,000 | €1,000 | €1,000 | = |
| Reserves13 | €41,435 | €91,099 | €213,620 | ▲ 134% |
| Distributable reserves133 | €41,435 | €91,099 | €213,620 | ▲ 134% |
| Amounts payable17/49 | €279,224 | €530,312 | €891,964 | ▲ 68.2% |
| Amounts payable after more than one year17 | €150,000 | €121,446 | €119,744 | ▼ 1.4% |
| Financial debts170/4 | €150,000 | €121,446 | €119,744 | ▼ 1.4% |
| Amounts payable within one year42/48 | €129,224 | €408,866 | €772,220 | ▲ 88.9% |
| Current portion of amounts payable after more than one year42 | - | €6,413 | €24,069 | ▲ 275% |
| Trade debts44 | €110,724 | €198,143 | €323,084 | ▲ 63.1% |
| Suppliers440/4 | €110,724 | €198,143 | €323,084 | ▲ 63.1% |
| Advances received on contracts in progress46 | - | €132,000 | €266,425 | ▲ 102% |
| Taxes, remuneration and social security45 | €16,865 | €58,677 | €144,639 | ▲ 147% |
| Taxes450/3 | €15,616 | €39,152 | €81,630 | ▲ 108% |
| Remuneration and social security454/9 | €1,249 | €19,525 | €63,009 | ▲ 223% |
| Other amounts payable47/48 | €1,635 | €13,633 | €14,003 | ▲ 2.7% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €41,435 | €52,163 | €125,020 | ▲ 140% |
| + Depreciation and write-downs630 | €10,218 | €27,156 | €34,751 | ▲ 28.0% |
| Operating cash flow (approximation) | €51,654 | €79,319 | €159,771 | ▲ 101% |
| Investment in fixed assets (approximation) | - | -€90,594 | -€24,046 | ▲ 73.5% |
| Change in cash | - | €32,610 | €271,320 | ▲ 732% |
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
Next filing, fiscal year 2026, expected by
2026
25-03
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Highest result since 2023net €125,020 ▲140%
Operating result €181,996, net result €125,020, both a record.
31-12
Financial
Equity above €200,000Eq €214,620 ▲133%
3 profitable years in a row build equity to €214,620.
28-03
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
17-05
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
Financial 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
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, Leuven · 1 establishment unit since 2022
Ground area
5,432 m²
Building footprint
610 m²
Volume, LiDAR
173 m³
Parcel 24126C0075/00R000, Flanders · tallest building 6.7 m. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
Advanced Energy
since 20222.336.572.424
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24126C0075/00R000 | Flanders | 5,432 m² | 1 · 610 m² | 6.7 m |
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.
Public money · subsidies and aid
Flemish government
2022 to 2025 · 3 entries · 3,520 EUR awarded · 3,520 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 564 EUR | 564 EUR |
| 2024 | 1 | 1,516 EUR | 1,516 EUR |
| 2022 | 1 | 1,440 EUR | 1,440 EUR |
Similar companies · same sector, comparable size
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BE 0453.260.511
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WIVO ELEKTRO
BE 0468.714.292
Antwerpen · Eq €214,791
VAMAX ELECTRO
BE 0789.925.042
Wetteren · Eq €214,372
PANDA SOUND & LIGHT
BE 0524.943.412
Oostende · Eq €214,367
Of 22,827 companies in sector 43211 we hold annual accounts for 10,338. 8,168 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
Founded10-10-2022
Fiscal year end31-12
Activities, NACEBEL 2025
43211General electrical installation work
43240Other construction installation
43212Electrical installation work in industrial facilities
43222Installation of electric heating, air conditioning, cooling and ventilation
E-invoicing
Reachable via Peppol
Peppol ID
0208:0792257594
Also
9925:BE0792257594
Registered
24-11-2023
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 30 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.