Antwerp Engineering Company
ActiveSummary
Antwerp Engineering Company has been active since 1993 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €207k and a net result of €52k. Equity remains stable across the filed fiscal years (±0.1% per year). Its solvency ranks better than 17% of 9716 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2024
57
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability43▼-33
Solvency27▼-8
Growth78▲+20
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €11k at 30 days only on tighter terms
Liquidity ample (current ratio 4.74 against 0.24 in 2023; short-term debt: 18.6% and cash: 0.9% of total assets), but 98.3% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Sector 68
lower
← 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
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 17% of 9716 sector peers (2024).
NBB · sector comparisonPosition among 9716 sector peers
Solvency
better than 17%
← weakest
strongest →
lowers risk · Growing equity
Reported equity is higher than in 2022 and did not fall compared with 2023. These amounts do not establish the cause of the change.
NBB · annual accounts 2024Equity per financial year
18192021222324
2018 to 2024 · latest year €207k
raises risk · Annual accounts not filed
The financial year that closed on 30-09-2025 was due at the National Bank by 30-04-2026. Nothing is on record, 147 days later.
NBB · 10 filingsPosition against the passed deadline
30-09-2025 close30-04-2026 deadline24-09-2026 today
neutral · A punctual record breaks
This company filed 3 consecutive financial years on time. The year that closed on 30-09-2024 was due by 30-04-2025 and was filed on 28-05-2025, 28 days late. Weigh it accordingly: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.
NBB · 10 filingsDeviation from the deadline
2025
not filed
2024
28 d late
2023
on the day
2022
26 d early
2021
1 d early
2020
7 d late
2019
1 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, abbreviated schema
Equity
€207k▲ 33.8%
2023 · €155k
2018: €197k
2019: €152k
2020: €152k
2021: €93k
2022: €64k
2023: €155k
2018 → 2024
Total assets
€11.90M▲ 702%
2023 · €1.48M
2018: €1.53M
2019: €1.45M
2020: €1.40M
2021: €1.49M
2022: €1.43M
2023: €1.48M
2018 → 2024
Net result
€52k▼ 42.6%
2023 · €91k
2018: €-112k
2019: €-45k
2020: €-174
2021: €-59k
2022: €-55k
2023: €91k
2018 → 2024
Working capital
€8.28M
2023 · €-367k
2018: €-69k
2019: €-94k
2020: €-146k
2021: €-178k
2022: €-248k
2023: €-367k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€152k-€93k▼ 38.9%€64k▼ 31.4%€155k▲ 143%€207k▲ 33.8%
Operating result€-914-€-41k▼ 4,386%€-50k▼ 21.7%€96k€106k▲ 10.7%
Net result€-174-€-59k▼ 33,976%€-55k▲ 6.5%€91k€52k▼ 42.6%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed two years in a row; 2024 is 11% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €11.90M
Fixed assets
€1.40M ▲ 2.3%
Current assets
€10.50M ▲ 9,160%
Equity and liabilities €11.90M
Equity
€207k ▲ 33.8%
Provisions
€64k ▼ 6.8%
Debt
€11.63M ▲ 823%
Debt's share of the balance-sheet total rises from 84.9% to 97.7%. Equity and debt are higher.
Key figures and ratios
EBITDA
€165k▲
2023 · €154k
Cash flow
€111k▼
2023 · €150k
Current ratio
4.74▲
2023 · 0.24
Quick ratio
0.88▲
2023 · 0.24
Debt to equity
56.06▲
2023 · 8.13
ROE
25.3%▼
2023 · 58.9%
ROA
0.4%▼
2023 · 6.2%
Interest coverage
2.79▼
2023 · 16.48
Debt ≤ 1 year
€2.22M▲
2023 · €480k
Debt > 1 year
€9.41M▲
2023 · €779k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2024 against 2023 · 57 lines
Balance sheet
Code20232024
Assets
Total assets20/58€1.48M€11.90M▲
Fixed assets21/28€1.37M€1.40M▲
Tangible fixed assets22/27€1.37M€1.40M▲
Land and buildings22€1.20M€1.15M▼
Plant, machinery and equipment23€11k€14k▲
Assets under construction and advance payments27€156k€238k▲
Current assets29/58€113k€10.50M▲
Stocks and contracts in progress3-€8.55M
Stocks30/36-€8.55M
Amounts receivable within one year40/41€61k€1.82M▲
Trade receivables40€15k€387k▲
Other amounts receivable41€46k€1.43M▲
Current investments50/53€28k-
Cash at bank and in hand54/58€24k€105k▲
Deferred charges and accrued income490/1-€30k
Equity and liabilities
Total equity and liabilities10/49€1.48M€11.90M▲
Equity10/15€155k€207k▲
Contributions10/11€85k€85k=
Capital10€85k€85k=
Issued capital100€85k€85k=
Reserves13€309k€295k▼
Non-distributable reserves130/1€8k€8k=
Legal reserve130€8k€8k=
Tax-exempt reserves132€208k€193k▼
Distributable reserves133€93k€93k=
Profit (loss) carried forward14€-239k€-172k▲
Provisions and deferred taxes16€69k€64k▼
Deferred taxes168€69k€64k▼
Amounts payable17/49€1.26M€11.63M▲
Amounts payable after more than one year17€779k€9.41M▲
Financial debts170/4€373k€9.34M▲
Other amounts payable178/9€406k€65k▼
Amounts payable within one year42/48€480k€2.22M▲
Current portion of amounts payable after more than one year42€46k€215k▲
Financial debts43-€1.18M
Credit institutions430/8-€1.18M
Trade debts44€202k€558k▲
Suppliers440/4€202k€558k▲
Taxes, remuneration and social security45€589€589=
Taxes450/3€589€589=
Other amounts payable47/48€232k€269k▲
Accrued charges and deferred income492/3-€4k
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€58k€59k▲
Other operating charges640/8€18k€42k▲
Gross operating margin9900€171k€207k▲
Operating profit (loss)9901€96k€106k▲
Financial income75/76B€392€978▲
Recurring financial income75€392€978▲
Financial charges65/66B€9k€59k▲
Recurring financial charges65€9k€59k▲
Profit (loss) for the period before taxes9903€87k€48k▼
Transfer from deferred taxes780€5k€5k=
Profit (loss) for the period9904€91k€52k▼
Transfer from tax-exempt reserves789€14k€14k=
Profit (loss) for the period to be appropriated9905€106k€67k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-239k€-172k▲
Profit (loss) brought forward from the previous period14P€-344k€-239k▲
The notes to these accounts (10 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
28-05
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 28 days late
2024
30-09
Financial
Liquidity times 20current ratio 4.74
Current ratio from 0.24 to 4.74.
30-09
Financial
Equity above €200kEq €207k ▲33.8%
2 profitable years in a row build equity to €207k.
30-04
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
30-09
Financial
Back to profitnet €91k
Net result €91k after 5 loss-making years.
30-09
Financial
Equity above €150kEq €155k ▲143%
Equity rises from €64k to €155k.
04-04
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
29-04
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
07-05
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 7 days late
2020
29-04
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
30-04
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
31-05
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 31 days late
2017
25-04
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
27-04
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
10 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, Antwerpen · 1 establishment unit since 1993
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Indiëstraat 102000 AntwerpenGround area
2,179 m²
Building footprint
632 m²
Volume, LiDAR
4,714 m³
Parcel 11807G0155/00M006, Flanders · tallest building 11.9 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
ANTWERP ENGINEERING COMPANY - A.E.C.
since 19932.060.730.950
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11807G0155/00M006 | Flanders | 2,179 m² | 1 · 632 m² | 11.9 m · 3 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
FB Dental
BE 0543.699.351
Ukkel · Eq €207,367
MIKARA
BE 0666.453.940
Hasselt · Eq €207,327
OFFIS
BE 1006.426.468
Antwerpen · Eq €207,131
KLAVER ZEVEN
BE 0450.179.671
Gent · Eq €207,082
D.A. GESTION
BE 0442.415.119
Liège · Eq €206,982
Of 12,022 companies in sector 68203 we hold annual accounts for 5,986. 4,269 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded05-02-1993
Fiscal year end30-09
Abbreviation NL
AEC
Activities, NACEBEL 2025
68203Renting and operating of own or leased non-residential real estate, excluding land
Sources
Crossroads Bank for EnterprisesNational Bank · 31 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.