AE CONCEPT
ActiveSummary
The computed 12-month bankruptcy probability of AE CONCEPT is 3.4% (moderate). The 2024 annual accounts show equity of €309,781 and a net result of €48,090. Equity is growing by ~32.8% per year across the filed fiscal years. Its solvency ranks better than 71% of 18930 sector peers (fiscal year 2024). The company has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
Axes · tick = 2023
Profitability72▼-15
Solvency78▲+13
Growth68▼-17
Track record100
Bankruptcy probability, 12 months
3.4%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €20,000 at 30 days acceptable
Liquidity ample (current ratio 2.09 against 1.6 in 2023; short-term debt: 44.3% and cash: 51.3% of total assets), and 46.6% of the assets are financed with debt.
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Signals
Three signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 56
Relative position
BE, all sectors
reference
Food and beverage service activities (NACE 56)
about 206% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 18-09-2025, 49 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 5 filingsDeviation from the deadline
2025
not confirmed
2024
49 d late
2023
68 d late
2022
6 d late
2021
11 d early
2020
8 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 5 accounts on average 21 days after the deadline; the sector median for financial year 2024 is 6 days after the deadline, and 52% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, micro schema
Turnover
€1.1m▲ 26.1%
2023 · €879,121
EBIT margin
6.7%▼ 6.5pp
2023 · 13.2%
Net result
€48,090▼ 41.6%
2023 · €82,354
Working capital
€279,740▲ 25.0%
2023 · €223,816
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Turnover€493,648-€501,226▲ 1.5%€722,818▲ 44.2%€879,121▲ 21.6%€1.1m▲ 26.1%
Operating result€78,006-€84,890▲ 8.8%€59,323▼ 30.1%€115,919▲ 95.4%€74,118▼ 36.1%
Net result€58,975-€62,974▲ 6.8%€37,389▼ 40.6%€82,354▲ 120%€48,090▼ 41.6%
EBIT margin15.8%-16.9%▲ 1.1pp8.2%▼ 8.7pp13.2%▲ 5.0pp6.7%▼ 6.5pp
Equity€78,975-€141,948▲ 79.7%€179,337▲ 26.3%€261,691▲ 45.9%€309,781▲ 18.4%
Total assets€165,158-€213,911▲ 29.5%€330,326▲ 54.4%€654,882▲ 98.3%€580,051▼ 11.4%
Debt€86,183-€71,963▼ 16.5%€150,989▲ 110%€393,191▲ 160%€270,270▼ 31.3%
Working capital€11,241-€85,756▲ 663%€123,715▲ 44.3%€223,816▲ 80.9%€279,740▲ 25.0%
Staff (FTE)5.6-6.8▲ 21.4%6.8=9.1▲ 33.8%8.8▼ 3.3%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2024; 2024 is 36% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €580,051
Fixed assets
€43,561 ▼ 28.7%
Current assets
€536,489 ▼ 9.7%
Equity and liabilities €580,051
Equity
€309,781 ▲ 18.4%
Debt
€270,270 ▼ 31.3%
Debt's share of the balance-sheet total falls from 60.0% to 46.6%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€107,016▼
2023 · €157,963
Cash flow
€80,987▼
2023 · €124,399
Current ratio
2.09▲
2023 · 1.60
Quick ratio
2.03▲
2023 · 1.56
Debt to equity
0.87▼
2023 · 1.50
ROE
15.5%▼
2023 · 31.5%
ROA
8.3%▼
2023 · 12.6%
Interest coverage
12.97▼
2023 · 16.31
Debt ≤ 1 year
€256,749▼
2023 · €369,991
Debt > 1 year
€13,521▼
2023 · €23,200
Income taxes
€17,775▼
2023 · €23,879
Staff costs
€80,655▲
2023 · €49,878
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 26,964 companies that looked in July 2024 the way this one looks now, 1.5% went bankrupt within 24 months and 95% are still going.
- Micro
- 5 to 10 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
1.5%
went bankrupt
3.4%
stopped otherwise
95%
still going
A further 0.3% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a higher bankruptcy probability: 3.4% 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 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
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 26,964 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 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | €493,648 | €501,226 | €722,818 | €879,121 | €1.1m | ▲ 26.1% |
| Goods, raw materials, services and sundry goods60/61 | - | €334,754 | €581,535 | €635,816 | €866,760 | ▲ 36.3% |
| Remuneration, social security and pensions62 | - | €40,548 | €45,056 | €49,878 | €80,655 | ▲ 61.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €14,124 | €25,242 | €29,418 | €42,045 | €32,898 | ▼ 21.8% |
| Other operating charges640/8 | - | €21,054 | €7,652 | €35,827 | €54,751 | ▲ 52.8% |
| Gross operating margin9900 | €149,531 | €171,733 | €141,449 | €243,668 | €242,422 | ▼ 0.5% |
| Operating profit (loss)9901 | €78,006 | €84,890 | €59,323 | €115,919 | €74,118 | ▼ 36.1% |
| Financial income75/76B | - | - | €0 | - | €0 | - |
| Recurring financial income75 | €2 | - | €0 | - | €0 | - |
| Financial charges65/66B | - | €5,125 | €7,545 | €9,685 | €8,253 | ▼ 14.8% |
| Recurring financial charges65 | €5,952 | €5,125 | €7,545 | €9,685 | €8,253 | ▼ 14.8% |
| Profit (loss) for the period before taxes9903 | €72,056 | €79,765 | €51,779 | €106,233 | €65,865 | ▼ 38.0% |
| Income taxes67/77 | €13,081 | €16,791 | €14,390 | €23,879 | €17,775 | ▼ 25.6% |
| Profit (loss) for the period9904 | €58,975 | €62,974 | €37,389 | €82,354 | €48,090 | ▼ 41.6% |
| Profit (loss) for the period to be appropriated9905 | €58,975 | €62,974 | €37,389 | €82,354 | €48,090 | ▼ 41.6% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €165,158 | €213,911 | €330,326 | €654,882 | €580,051 | ▼ 11.4% |
| Fixed assets21/28 | €71,905 | €56,192 | €55,623 | €61,076 | €43,561 | ▼ 28.7% |
| Tangible fixed assets22/27 | €71,905 | €56,192 | €55,623 | €61,076 | €43,561 | ▼ 28.7% |
| Plant, machinery and equipment23 | - | €9,265 | €9,711 | €5,334 | €4,815 | ▼ 9.7% |
| Furniture and vehicles24 | - | €31,912 | €35,227 | €49,387 | €35,742 | ▼ 27.6% |
| Leasing and similar rights25 | - | €9,470 | €6,020 | €2,571 | - | - |
| Other tangible fixed assets26 | - | €5,546 | €4,665 | €3,784 | €3,005 | ▼ 20.6% |
| Current assets29/58 | €93,252 | €157,719 | €274,703 | €593,807 | €536,489 | ▼ 9.7% |
| Stocks and contracts in progress3 | - | - | - | €15,000 | €15,000 | = |
| Stocks30/36 | - | - | - | €15,000 | €15,000 | = |
| Amounts receivable within one year40/41 | €68,888 | €50,043 | €174,407 | €419,795 | €223,899 | ▼ 46.7% |
| Trade receivables40 | - | €34,582 | €102,861 | €329,780 | €185,608 | ▼ 43.7% |
| Other amounts receivable41 | - | €15,461 | €71,546 | €90,015 | €38,291 | ▼ 57.5% |
| Cash at bank and in hand54/58 | €22,380 | €107,676 | €100,297 | €157,739 | €297,591 | ▲ 88.7% |
| Deferred charges and accrued income490/1 | - | - | - | €1,273 | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €165,158 | €213,911 | €330,326 | €654,882 | €580,051 | ▼ 11.4% |
| Equity10/15 | €78,975 | €141,948 | €179,337 | €261,691 | €309,781 | ▲ 18.4% |
| Contributions10/11 | - | €20,000 | €20,000 | €20,000 | €20,000 | = |
| Outside capital11 | - | €20,000 | €20,000 | €20,000 | €20,000 | = |
| Other1109/19 | - | €20,000 | €20,000 | €20,000 | €20,000 | = |
| Profit (loss) carried forward14 | €58,975 | €121,948 | €159,337 | €241,691 | €289,781 | ▲ 19.9% |
| Amounts payable17/49 | €86,183 | €71,963 | €150,989 | €393,191 | €270,270 | ▼ 31.3% |
| Amounts payable after more than one year17 | €4,172 | - | - | €23,200 | €13,521 | ▼ 41.7% |
| Financial debts170/4 | - | - | - | €23,200 | €13,521 | ▼ 41.7% |
| Amounts payable within one year42/48 | €82,011 | €71,963 | €150,989 | €369,991 | €256,749 | ▼ 30.6% |
| Current portion of amounts payable after more than one year42 | - | €2,333 | €2,333 | €13,874 | €14,254 | ▲ 2.7% |
| Trade debts44 | €57,638 | €31,178 | €95,496 | €328,138 | €195,712 | ▼ 40.4% |
| Suppliers440/4 | - | €31,178 | €95,496 | €328,138 | €195,712 | ▼ 40.4% |
| Taxes, remuneration and social security45 | - | €31,293 | €42,547 | €9,326 | €38,975 | ▲ 318% |
| Taxes450/3 | - | €29,873 | €30,875 | €5,879 | - | - |
| Remuneration and social security454/9 | - | €1,420 | €11,673 | €3,447 | €38,975 | ▲ 1,031% |
| Other amounts payable47/48 | - | €7,159 | €10,613 | €18,653 | €7,808 | ▼ 58.1% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €58,975 | €62,974 | €37,389 | €82,354 | €48,090 | ▼ 41.6% |
| + Depreciation and write-downs630 | €14,124 | €25,242 | €29,418 | €42,045 | €32,898 | ▼ 21.8% |
| Operating cash flow (approximation) | €73,099 | €88,216 | €66,807 | €124,399 | €80,987 | ▼ 34.9% |
| Investment in fixed assets (approximation) | - | -€9,529 | -€28,848 | -€47,498 | -€15,384 | ▲ 67.6% |
| Change in cash | - | €85,296 | -€7,379 | €57,442 | €139,852 | ▲ 143% |
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
2025
18-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 49 days late
2024
07-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 68 days late
2023
31-12
Financial
Highest result since 2020net €82,354 ▲120%
Operating result €115,919, net result €82,354, both a record.
31-12
Financial
Equity above €200,000Eq €261,691 ▲45.9%
4 profitable years in a row build equity to €261,691.
06-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 6 days late
2022
31-12
Financial
Weakest financial yearnet €37,389 ▼40.6%
Net result drops to €37,389, the lowest in the series; recovery starts the following year.
31-12
Financial
Equity above €150,000Eq €179,337 ▲26.3%
3 profitable years in a row build equity to €179,337.
20-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Equity above €100,000Eq €141,948 ▲79.7%
2 profitable years in a row build equity to €141,948.
23-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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, Antwerpen · 1 establishment unit since 2019
Ground area
120 m²
Building footprint
111 m²
Volume, LiDAR
1,188 m³
Parcel 11302A0058/00H002, Flanders · tallest building 12.0 m, ±4 floors. Linked by address, not a title deed.
4
companies at this address
See who is registered here
1 establishment unit
PIZZA TAXI
since 20192.290.142.581
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11302A0058/00H002 | Flanders | 120 m² | 1 · 111 m² | 11.9 m · 4 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.
Recognitions · licences · registrations
Food safety, FASFC
1 siteAntwerpen2.290.142.581
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Of 21,859 companies in sector 56112 we hold annual accounts for 9,779. 5,649 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
Founded13-06-2019
Fiscal year end31-12
Activities, NACEBEL 2025
56112Limited-service restaurants, excluding mobile food services
Contact
E-mail
companybeveren@gmail.com
E-invoicing
Reachable via Peppol
Peppol ID
0208:0728466040
Registered
31-03-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.