AEF
ActiveSummary
The computed 12-month bankruptcy probability of AEF is 4.8% (elevated). The 2024 annual accounts show equity of €26,713 and a net result of -€1,760. Equity is growing by ~5% per year across the filed fiscal years. Its solvency ranks better than 70% of 18936 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
Profitability61▲+61
Solvency78▼-20
Growth52=
Track record100
Bankruptcy probability, 12 months
4.8%
Elevated
0%0.5%1.5%4%10%≥ 25%
Credit up to €1,000 at 30 days only on tighter terms
Liquidity ample (current ratio 1.67 against 2.83 in 2023; short-term debt: 45.1% and cash: 9.3% of total assets), and 46.8% of the assets are financed with debt.
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Signals
Five 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
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
53.2%
Return on assets
-3.5%
Age of the figures
21 mo
raises risk · Persistent losses
Two consecutive loss-making years (2023 and 2024); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2024Net result per financial year
2021222324
2020 to 2024 · latest year -€1,760
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 29-08-2025, 29 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
29 d late
2023
65 d late
2022
141 d late
2021
110 d late
2020
475 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
History
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Financials · fiscal year 2024, micro schema
Equity
€26,713▼ 6.2%
2023 · €28,473
Total assets
€50,246▲ 29.5%
2023 · €38,813
Net result
-€1,760▲ 89.4%
2023 · -€16,616
Working capital
€15,233▼ 19.6%
2023 · €18,943
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
Operating result€8,547-€20,762▲ 143%€14,457▼ 30.4%-€5,007€7,161
Net result€8,461-€20,479▲ 142%€14,150▼ 30.9%-€16,616-€1,760▲ 89.4%
Equity€10,461-€30,940▲ 196%€45,089▲ 45.7%€28,473▼ 36.9%€26,713▼ 6.2%
Total assets€29,801-€35,078▲ 17.7%€67,790▲ 93.3%€38,813▼ 42.7%€50,246▲ 29.5%
Debt€19,340-€4,139▼ 78.6%€22,701▲ 448%€10,340▼ 54.5%€23,533▲ 128%
Working capital€10,461-€30,940▲ 196%€45,089▲ 45.7%€18,943▼ 58.0%€15,233▼ 19.6%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2024: €7,161 after a loss of €5,007 in 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €50,246
Fixed assets
€12,359 ▲ 29.7%
Current assets
€37,887 ▲ 29.4%
Equity and liabilities €50,246
Equity
€26,713 ▼ 6.2%
Debt
€23,533 ▲ 128%
Debt's share of the balance-sheet total rises from 26.6% to 46.8%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€11,106▲
2023 · -€3,310
Cash flow
€2,186▲
2023 · -€14,919
Current ratio
1.67▼
2023 · 2.83
Debt to equity
0.88▲
2023 · 0.36
ROE
-6.6%▲
2023 · -58.4%
ROA
-3.5%▲
2023 · -42.8%
Interest coverage
5.54▲
2023 · -3.17
Debt ≤ 1 year
€22,654▲
2023 · €10,340
Income taxes
€8,081▼
2023 · €10,567
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €28,425 | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | - | - | €1,697 | €3,946 | ▲ 133% |
| Other operating charges640/8 | - | €14,320 | €313 | €2,996 | €1,522 | ▼ 49.2% |
| Gross operating margin9900 | €8,547 | €63,506 | €14,770 | -€314 | €12,629 | ▲ 4,127% |
| Operating profit (loss)9901 | €8,547 | €20,762 | €14,457 | -€5,007 | €7,161 | ▲ 243% |
| Financial income75/76B | - | €0 | - | €2 | €1,166 | ▲ 77,607% |
| Recurring financial income75 | - | €0 | - | €2 | €1,166 | ▲ 77,607% |
| Financial charges65/66B | €86 | €187 | €307 | €1,044 | €2,005 | ▲ 92.0% |
| Recurring financial charges65 | €86 | €187 | €307 | €1,044 | €2,005 | ▲ 92.0% |
| Profit (loss) for the period before taxes9903 | €8,461 | €20,575 | €14,150 | -€6,049 | €6,321 | ▲ 204% |
| Income taxes67/77 | - | €96 | - | €10,567 | €8,081 | ▼ 23.5% |
| Profit (loss) for the period9904 | €8,461 | €20,479 | €14,150 | -€16,616 | -€1,760 | ▲ 89.4% |
| Profit (loss) for the period to be appropriated9905 | €8,461 | €20,479 | €14,150 | -€16,616 | -€1,760 | ▲ 89.4% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €29,801 | €35,078 | €67,790 | €38,813 | €50,246 | ▲ 29.5% |
| Fixed assets21/28 | - | - | - | €9,530 | €12,359 | ▲ 29.7% |
| Tangible fixed assets22/27 | - | - | - | €6,530 | €12,359 | ▲ 89.3% |
| Furniture and vehicles24 | - | - | - | €6,530 | €12,359 | ▲ 89.3% |
| Financial fixed assets28 | - | - | - | €3,000 | - | - |
| Current assets29/58 | €29,801 | €35,078 | €67,790 | €29,282 | €37,887 | ▲ 29.4% |
| Amounts receivable within one year40/41 | €25,596 | €12,760 | €51,989 | €26,711 | €32,311 | ▲ 21.0% |
| Trade receivables40 | €10,784 | €4,489 | €6,754 | €8,905 | €6,515 | ▼ 26.8% |
| Other amounts receivable41 | €14,812 | €8,271 | €45,235 | €17,806 | €25,796 | ▲ 44.9% |
| Cash at bank and in hand54/58 | €4,205 | €22,318 | €15,801 | €2,391 | €4,670 | ▲ 95.3% |
| Deferred charges and accrued income490/1 | - | - | - | €180 | €906 | ▲ 403% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €29,801 | €35,078 | €67,790 | €38,813 | €50,246 | ▲ 29.5% |
| Equity10/15 | €10,461 | €30,940 | €45,089 | €28,473 | €26,713 | ▼ 6.2% |
| Contributions10/11 | €2,000 | €2,000 | €2,000 | €2,000 | €2,000 | = |
| Capital10 | €2,000 | €2,000 | €2,000 | - | - | - |
| Issued capital100 | €2,000 | €2,000 | €2,000 | - | - | - |
| Reserves13 | - | - | - | - | €24,713 | - |
| Distributable reserves133 | - | - | - | - | €24,713 | - |
| Profit (loss) carried forward14 | €8,461 | €28,940 | €43,089 | €26,473 | - | - |
| Amounts payable17/49 | €19,340 | €4,139 | €22,701 | €10,340 | €23,533 | ▲ 128% |
| Amounts payable within one year42/48 | €19,340 | €4,139 | €22,701 | €10,340 | €22,654 | ▲ 119% |
| Current portion of amounts payable after more than one year42 | - | - | - | - | €5,269 | - |
| Trade debts44 | €8,762 | €4,139 | €18,612 | €1,843 | €4,189 | ▲ 127% |
| Suppliers440/4 | €8,762 | €4,139 | €18,612 | €1,843 | €4,189 | ▲ 127% |
| Taxes, remuneration and social security45 | - | - | €4,089 | €8,497 | €13,196 | ▲ 55.3% |
| Taxes450/3 | - | - | €4,089 | €8,497 | €13,196 | ▲ 55.3% |
| Other amounts payable47/48 | €10,578 | - | - | - | - | - |
| Accrued charges and deferred income492/3 | - | - | - | - | €879 | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €8,461 | €20,479 | €14,150 | -€16,616 | -€1,760 | ▲ 89.4% |
| + Depreciation and write-downs630 | - | - | - | €1,697 | €3,946 | ▲ 133% |
| Operating cash flow (approximation) | €8,461 | €20,479 | €14,150 | -€14,919 | €2,186 | ▲ 115% |
| Investment in fixed assets (approximation) | - | - | - | - | -€6,774 | - |
| Change in cash | - | €18,114 | -€6,517 | -€13,410 | €2,279 | ▲ 117% |
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
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 29 days late
2024
04-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 65 days late
2023
31-12
Financial
Weakest financial yearnet -€16,616
Net result drops to -€16,616, the lowest in the series; recovery starts the following year.
19-12
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 141 days late
2022
18-11
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 110 days late
18-11
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 475 days late
2021
31-12
Financial
Highest result since 2020net €20,479 ▲142%
Operating result €20,762, net result €20,479, both a record.
31-12
Financial
Liquidity times 6current ratio 8.48
Current ratio from 1.54 to 8.48; short-term debt falls from €19,340 to €4,139.
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 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
4 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, Hasselt · 1 establishment unit since 2020
Ground area
9,888 m²
Building footprint
984 m²
Volume, LiDAR
7,855 m³
2 parcels, Flanders · tallest building 21.6 m, ±2 floors. Linked by address, not a title deed.
110
companies at this address
See who is registered here
1 establishment unit
AEF
since 20202.298.090.940
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71323C0155/00H002 | Flanders | 6,122 m² | - | - |
| 71323C0286/00F002 | Flanders | 3,766 m² | 1 · 984 m² | 21.6 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 7,501 companies in sector 56210 we hold annual accounts for 2,448. 1,912 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
Founded10-10-2019
Fiscal year end31-12
Activities, NACEBEL 2025
56210Event catering
56220Contract catering and other food service activities
Contact
E-mail
youness96@icloud.comHasselt
Phone
0477247670Hasselt
Scores and ratios are computed by Checked and are not a credit decision.