AE+D
ActiveSummary
AE+D has been active since 1995 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €890,538 and a net result of €29,344. Equity is growing by ~2.8% per year across the filed fiscal years. Its solvency ranks better than 26% of 154 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability57▲+8
Solvency59▲+9
Growth32=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €60,000 at 30 days acceptable
Liquidity ample (current ratio 3.64 against 1.77 in 2024; short-term debt: 8.5% and cash: 7.3% of total assets), but 66.2% of the assets are financed with debt.
Credit check for your own amount and term
Open the credit simulator : see how the verdict changes with amount, term and advance.
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 13
Relative position
BE, all sectors
reference
Manufacture of textiles (NACE 13)
about 62% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
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
33.8%
Return on assets
1.1%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 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 · 10 filingsDeviation from the deadline
2025
31 d late
2024
29 d late
2023
61 d late
2022
16 d late
2021
19 d late
2020
31 d late
2019
144 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 47 days after the deadline; the sector median for financial year 2024 is 13 days before the deadline, and 32% 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.
Companies Code · seven monthsPosition in the running window
26-09-2026 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 simulator 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 What other support did companies like this one receive, and it did not?Subsidy mirror How does this company compare with its sector?Sector benchmark
Is this your company? See how customers and banks see it.
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2025, full schema
In the rankings
#7 company by total assets in the province of Antwerp, Textiles sector#9 company by equity in the province of Antwerp, Textiles sector
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€29,344▼ 38.1%
2024 · €47,406
Working capital
€589,494▼ 18.5%
2024 · €723,026
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
Line20212022202320242025
Operating result€116,339▲ 540%€151,491▲ 30.2%€113,496▼ 25.1%€80,926▼ 28.7%€68,480▼ 15.4%
Net result€104,186▲ 596%€106,920▲ 2.6%€46,878▼ 56.2%€47,406▲ 1.1%€29,344▼ 38.1%
Equity€1.4m▲ 7.6%€1.5m▲ 7.5%€1.6m▲ 3.0%€861,194▼ 45.0%€890,538▲ 3.4%
Total assets€1.7m▲ 4.2%€1.9m▲ 13.0%€3.3m▲ 70.6%€3.5m▲ 5.9%€2.6m▼ 23.9%
Debt€284,362▼ 9.3%€399,666▲ 40.5%€1.7m▲ 327%€2.6m▲ 52.4%€1.7m▼ 33.0%
Working capital€554,861▼ 42.8%€444,111▼ 20.0%€1.8m▲ 294%€723,026▼ 58.7%€589,494▼ 18.5%
Staff (FTE)3.4▼ 2.9%4.7▲ 38.2%4.7=5.1▲ 8.5%5.1=
Result per fiscal year
Operating resultNet result
The operating result has fallen three years in a row; 2025 is 15% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €2.6m
Fixed assets
€1.8m ▲ 1.3%
Current assets
€812,888 ▼ 51.2%
Equity and liabilities €2.6m
Equity
€890,538 ▲ 3.4%
Debt
€1.7m ▼ 33.0%
Debt's share of the balance-sheet total falls from 75.1% to 66.2%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€170,709▲
2024 · €136,702
Cash flow
€131,574▲
2024 · €103,182
Current ratio
3.64▲
2024 · 1.77
Quick ratio
3.34▲
2024 · 1.58
Debt to equity
1.96▼
2024 · 3.02
ROE
3.3%▼
2024 · 5.5%
ROA
1.1%▼
2024 · 1.4%
Interest coverage
4.47▲
2024 · 3.45
Debt ≤ 1 year
€223,395▼
2024 · €941,563
Debt > 1 year
€1.5m▼
2024 · €1.6m
Income taxes
€11,892▼
2024 · €20,940
Staff costs
€276,280▼
2024 · €341,271
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €208,538 | €261,890 | €290,012 | €341,271 | €276,280 | ▼ 19.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €87,115 | €107,243 | €100,695 | €55,777 | €102,230 | ▲ 83.3% |
| Other operating charges640/8 | €3,763 | €7,000 | €5,037 | €5,874 | €5,916 | ▲ 0.7% |
| Non-recurring operating charges66A | €10,559 | - | - | - | - | - |
| Gross operating margin9900 | €426,315 | €527,623 | €509,239 | €483,848 | €452,905 | ▼ 6.4% |
| Operating profit (loss)9901 | €116,339 | €151,491 | €113,496 | €80,926 | €68,480 | ▼ 15.4% |
| Financial income75/76B | €6,786 | €4,073 | €3,293 | €26,988 | €10,975 | ▼ 59.3% |
| Recurring financial income75 | €6,786 | €4,073 | €3,293 | €26,988 | €10,975 | ▼ 59.3% |
| Financial charges65/66B | €8,601 | €14,104 | €49,714 | €39,567 | €38,219 | ▼ 3.4% |
| Recurring financial charges65 | €8,601 | €14,104 | €49,714 | €39,567 | €38,219 | ▼ 3.4% |
| Profit (loss) for the period before taxes9903 | €114,525 | €141,460 | €67,075 | €68,346 | €41,236 | ▼ 39.7% |
| Income taxes67/77 | €10,339 | €34,540 | €20,198 | €20,940 | €11,892 | ▼ 43.2% |
| Profit (loss) for the period9904 | €104,186 | €106,920 | €46,878 | €47,406 | €29,344 | ▼ 38.1% |
| Transfer from tax-exempt reserves789 | €46,500 | €178,000 | - | - | - | - |
| Profit (loss) for the period to be appropriated9905 | €150,686 | €284,920 | €46,878 | €47,406 | €29,344 | ▼ 38.1% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.7m | €1.9m | €3.3m | €3.5m | €2.6m | ▼ 23.9% |
| Fixed assets21/28 | €876,602 | €1.1m | €1.3m | €1.8m | €1.8m | ▲ 1.3% |
| Tangible fixed assets22/27 | €876,602 | €1.1m | €1.3m | €1.8m | €1.8m | ▲ 1.3% |
| Land and buildings22 | €804,605 | €1.0m | €1.2m | €1.2m | €1.3m | ▲ 3.9% |
| Plant, machinery and equipment23 | €32,433 | €84,633 | €69,046 | €46,250 | €24,600 | ▼ 46.8% |
| Furniture and vehicles24 | €39,565 | €23,842 | €18,924 | €39,957 | €29,300 | ▼ 26.7% |
| Other tangible fixed assets26 | - | - | - | - | €7,561 | - |
| Assets under construction and advance payments27 | - | - | - | €494,991 | €494,991 | = |
| Current assets29/58 | €820,350 | €786,231 | €1.9m | €1.7m | €812,888 | ▼ 51.2% |
| Stocks and contracts in progress3 | €193,757 | €166,054 | €345,829 | €181,338 | €66,685 | ▼ 63.2% |
| Stocks30/36 | €134,497 | €71,356 | €63,898 | €75,409 | €66,685 | ▼ 11.6% |
| Contracts in progress37 | €59,259 | €94,697 | €281,932 | €105,929 | - | - |
| Amounts receivable within one year40/41 | €504,953 | €453,535 | €229,590 | €260,717 | €330,866 | ▲ 26.9% |
| Trade receivables40 | €477,861 | €404,955 | €197,596 | €230,423 | €292,281 | ▲ 26.8% |
| Other amounts receivable41 | €27,092 | €48,580 | €31,994 | €30,294 | €38,585 | ▲ 27.4% |
| Current investments50/53 | - | - | €1.0m | €1.0m | €223,579 | ▼ 77.6% |
| Cash at bank and in hand54/58 | €116,933 | €166,643 | €371,671 | €222,533 | €191,759 | ▼ 13.8% |
| Deferred charges and accrued income490/1 | €4,707 | - | - | - | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.7m | €1.9m | €3.3m | €3.5m | €2.6m | ▼ 23.9% |
| Equity10/15 | €1.4m | €1.5m | €1.6m | €861,194 | €890,538 | ▲ 3.4% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Outside capital11 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Other1109/19 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €1.4m | €1.5m | €1.5m | €842,594 | €871,938 | ▲ 3.5% |
| Non-distributable reserves130/1 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Reserves not available under the articles1311 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Tax-exempt reserves132 | €196,750 | €18,750 | €18,750 | €18,750 | €18,750 | = |
| Distributable reserves133 | €1.2m | €1.5m | €1.5m | €821,984 | €851,328 | ▲ 3.6% |
| Amounts payable17/49 | €284,362 | €399,666 | €1.7m | €2.6m | €1.7m | ▼ 33.0% |
| Amounts payable after more than one year17 | - | - | €1.5m | €1.6m | €1.5m | ▼ 5.4% |
| Financial debts170/4 | - | - | €1.5m | €1.6m | €1.5m | ▼ 5.4% |
| Amounts payable within one year42/48 | €265,489 | €342,120 | €195,903 | €941,563 | €223,395 | ▼ 76.3% |
| Current portion of amounts payable after more than one year42 | €18,516 | - | €22,222 | €84,525 | €86,384 | ▲ 2.2% |
| Trade debts44 | €14,781 | €43,626 | €47,284 | €46,928 | €7,678 | ▼ 83.6% |
| Suppliers440/4 | €14,781 | €43,626 | €47,284 | €46,928 | €7,678 | ▼ 83.6% |
| Taxes, remuneration and social security45 | €21,975 | €57,412 | €70,185 | €33,318 | €21,260 | ▼ 36.2% |
| Taxes450/3 | €14,086 | €48,404 | €56,948 | €24,040 | €12,721 | ▼ 47.1% |
| Remuneration and social security454/9 | €7,889 | €9,008 | €13,237 | €9,278 | €8,538 | ▼ 8.0% |
| Other amounts payable47/48 | €210,217 | €241,083 | €56,211 | €776,793 | €108,073 | ▼ 86.1% |
| Accrued charges and deferred income492/3 | €18,873 | €57,545 | €45,253 | €66,187 | €12,988 | ▼ 80.4% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €104,186 | €106,920 | €46,878 | €47,406 | €29,344 | ▼ 38.1% |
| + Depreciation and write-downs630 | €87,115 | €107,243 | €100,695 | €55,777 | €102,230 | ▲ 83.3% |
| Operating cash flow (approximation) | €191,301 | €214,163 | €147,572 | €103,182 | €131,574 | ▲ 27.5% |
| Investment in fixed assets (approximation) | - | -€362,785 | -€293,339 | -€529,718 | -€125,523 | ▲ 76.3% |
| Change in cash | - | €49,710 | €205,027 | -€149,138 | -€30,774 | ▲ 79.4% |
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
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · full schema · 31 days late
2025
31-12
Financial
Liquidity doublescurrent ratio 3.64
Current ratio from 1.77 to 3.64; short-term debt falls from €941,563 to €223,395.
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 29 days late
2024
30-09
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 61 days late
2023
31-12
Financial
Liquidity quadruplescurrent ratio 9.94
Current ratio from 2.30 to 9.94; short-term debt falls from €342,120 to €195,903.
16-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 16 days late
2022
19-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 19 days late
2021
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 31 days late
2020
31-12
Financial
Weakest financial yearnet €14,965 ▼75.3%
Net result drops to €14,965, the lowest in the series; recovery starts the following year.
22-12
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 144 days late
2019
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 30 days late
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 31 days late
2017
11-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 11 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
Location & real-estate footprint
Registered office, Westerlo · 1 establishment unit since 1995
Ground area
851 m²
Building footprint
269 m²
Parcel 13049B0768/00L000, Flanders. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
A E + D
since 19952.072.873.865
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 13049B0768/00L000 | Flanders | 851 m² | 1 · 269 m² | - |
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
2023 to 2024 · 2 entries · 1,730 EUR awarded · 1,730 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2024 | 1 | 480 EUR | 480 EUR |
| 2023 | 1 | 1,250 EUR | 1,250 EUR |
Recognitions · licences · registrations
Recognised contractor
1 categoryAE+D BV45617
Similar companies · same sector, comparable size
Etablissements Jarilux
BE 0405.422.782
Mouscron · Eq €915,548
THE FABRIC
BE 0668.585.762
Lokeren · Eq €922,892
INFINICO
BE 0406.814.832
Deerlijk · Eq €931,065
Dekzeilen Jeurissen
BE 0465.652.755
Lanaken · Eq €951,434
FERMOLUX SE
BE 0845.513.960
Lommel · Eq €816,806
Of 598 companies in sector 13929 we hold annual accounts for 236. 160 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 (pre-2019)
Founded01-08-1995
Fiscal year end31-12
Activities, NACEBEL 2025
13929Manufacture of textiles
33190Repair, maintenance and installation of machinery and equipment
47519Retail trade
47791Retail sale of antiques
77399Renting and leasing of other machinery, equipment and tangible goods
Scores and ratios are computed by Checked and are not a credit decision.