AYCEK
ActiveSummary
The computed 12-month bankruptcy probability of AYCEK is 1.9% (moderate). The 2025 annual accounts show equity of €25,692 and a net result of €3,799. Equity is shrinking by ~10.5% per year across the filed fiscal years. Its solvency ranks better than 65% of 489 sector peers (fiscal year 2025). The company has been active since 2015 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability78▲+8
Solvency74▼-22
Growth58▲+26
Track record100
Bankruptcy probability, 12 months
1.9%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €1,500 at 30 days acceptable
Liquidity ample (current ratio 1.92 against 3.61 in 2024; short-term debt: 51% and cash: 28.6% of total assets), but 51% of the assets are financed with debt.
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+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 53
Relative position
BE, all sectors
reference
Postal and courier activities (NACE 53)
about 277% 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
49%
Return on assets
7.2%
Age of the figures
9 mo
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 · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €25,692
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 16-08-2026, 16 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
16 d late
2024
68 d early
2023
48 d late
2022
31 d late
2021
28 d late
2020
30 d late
2019
19 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 15 days after the deadline; the sector median for financial year 2024 is 12 days after the deadline, and 56% 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 August (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
29-09-2026 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 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 How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed
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Financials · fiscal year 2025, micro schema
Equity
€25,692▲ 17.4%
2024 · €21,893
Total assets
€52,432▲ 70.6%
2024 · €30,731
Net result
€3,799▲ 817%
2024 · €414
Working capital
€24,557▲ 36.7%
2024 · €17,961
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 53, Postal and courier activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€5,085-€10,754-€7,473▲ 30.5%€403€6,259▲ 1,455%
Net result€3,344within the sector's middle half-€11,009below the sector's middle half-€8,475below the sector's middle half▲ 23.0%€414within the sector's middle half€3,799within the sector's middle half▲ 817%
Equity€40,962within the sector's middle half▲ 8.9%€29,953within the sector's middle half▼ 26.9%€21,478within the sector's middle half▼ 28.3%€21,893within the sector's middle half▲ 1.9%€25,692within the sector's middle half▲ 17.4%
Total assets€53,979within the sector's middle half▼ 4.4%€53,184within the sector's middle half▼ 1.5%€34,450below the sector's middle half▼ 35.2%€30,731below the sector's middle half▼ 10.8%€52,432within the sector's middle half▲ 70.6%
Debt€13,017▼ 31.0%€23,230▲ 78.5%€12,972▼ 44.2%€8,838▼ 31.9%€26,740▲ 203%
Working capital€40,258within the sector's middle half▲ 11.6%€23,706within the sector's middle half▼ 41.1%€17,932within the sector's middle half▼ 24.4%€17,961within the sector's middle half▲ 0.2%€24,557within the sector's middle half▲ 36.7%
Solvency75.9%above the sector's middle half▲ 9.3pp56.3%within the sector's middle half▼ 19.6pp62.3%above the sector's middle half▲ 6.0pp71.2%above the sector's middle half▲ 8.9pp49.0%within the sector's middle half▼ 22.2pp
Current ratio5.76above the sector's middle half▲ 1.042.96above the sector's middle half▼ 2.803.68above the sector's middle half▲ 0.723.61above the sector's middle half▼ 0.071.92within the sector's middle half▼ 1.69
Return on assets (ROA)6.2%within the sector's middle half▲ 26.4pp-20.7%below the sector's middle half▼ 26.9pp-24.6%below the sector's middle half▼ 3.9pp1.3%within the sector's middle half▲ 25.9pp7.2%within the sector's middle half▲ 5.9pp
Staff (FTE)
above
within
below
the middle half (P25 to P75) of NACE 53, Postal and courier 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
After the dip in 2022 the operating result has climbed three years in a row; 2025 is 1,455% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €52,432
Fixed assets
€1,135 ▼ 80.7%
Current assets
€51,297 ▲ 106%
Equity and liabilities €52,432
Equity
€25,692 ▲ 17.4%
Debt
€26,740 ▲ 203%
Debt's share of the balance-sheet total rises from 28.8% to 51.0%. Equity and debt are higher.
Key figures and ratios
EBITDA
€7,567▲
2024 · €6,558
Cash flow
€5,107▼
2024 · €6,569
Debt to equity
1.04▲
2024 · 0.40
ROE
14.8%▲
2024 · 1.9%
Interest coverage
24.35▲
2024 · 11.65
Debt ≤ 1 year
€26,740▲
2024 · €6,887
Income taxes
€2,150▲
2024 · €140
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 34,696 companies that looked in July 2024 the way this one looks now, 0.7% went bankrupt within 24 months and 95% are still going.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.7%
went bankrupt
3.9%
stopped otherwise
95%
still going
For this company itself Checked computes a higher bankruptcy probability: 1.9% 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 497,338 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% | 1.9% |
| 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 34,696 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 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €409 | - | - |
| Remuneration, social security and pensions62 | - | €74 | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,340 | €3,959 | €7,533 | €6,155 | €1,308 | ▼ 78.7% |
| Other operating charges640/8 | €6,789 | €2,586 | €997 | €352 | €2,891 | ▲ 721% |
| Gross operating margin9900 | €13,214 | -€4,135 | €1,057 | €6,910 | €10,458 | ▲ 51.3% |
| Operating profit (loss)9901 | €5,085 | -€10,754 | -€7,473 | €403 | €6,259 | ▲ 1,455% |
| Financial income75/76B | €0 | - | €23 | €714 | €1 | ▼ 99.9% |
| Recurring financial income75 | €0 | - | €23 | €714 | €1 | ▼ 99.9% |
| Financial charges65/66B | €842 | €255 | €1,025 | €563 | €311 | ▼ 44.8% |
| Recurring financial charges65 | €842 | €255 | €1,025 | €563 | €311 | ▼ 44.8% |
| Profit (loss) for the period before taxes9903 | €4,243 | -€11,009 | -€8,475 | €554 | €5,949 | ▲ 974% |
| Income taxes67/77 | €899 | - | - | €140 | €2,150 | ▲ 1,441% |
| Profit (loss) for the period9904 | €3,344 | -€11,009 | -€8,475 | €414 | €3,799 | ▲ 817% |
| Profit (loss) for the period to be appropriated9905 | €3,344 | -€11,009 | -€8,475 | €414 | €3,799 | ▲ 817% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €53,979 | €53,184 | €34,450 | €30,731 | €52,432 | ▲ 70.6% |
| Fixed assets21/28 | €5,258 | €17,353 | €9,819 | €5,883 | €1,135 | ▼ 80.7% |
| Tangible fixed assets22/27 | €5,258 | €17,353 | €9,819 | €5,883 | €1,135 | ▼ 80.7% |
| Furniture and vehicles24 | €5,258 | €17,353 | €9,819 | €5,883 | €1,135 | ▼ 80.7% |
| Current assets29/58 | €48,721 | €35,831 | €24,631 | €24,848 | €51,297 | ▲ 106% |
| Amounts receivable within one year40/41 | €38,453 | €30,245 | €10,409 | €20,988 | €35,374 | ▲ 68.5% |
| Trade receivables40 | €12,099 | €7,079 | €3,497 | €5,399 | €20,207 | ▲ 274% |
| Other amounts receivable41 | €26,354 | €23,166 | €6,911 | €15,589 | €15,167 | ▼ 2.7% |
| Cash at bank and in hand54/58 | €10,268 | €5,000 | €14,222 | €3,860 | €15,010 | ▲ 289% |
| Deferred charges and accrued income490/1 | - | €586 | - | - | €913 | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €53,979 | €53,184 | €34,450 | €30,731 | €52,432 | ▲ 70.6% |
| Equity10/15 | €40,962 | €29,953 | €21,478 | €21,893 | €25,692 | ▲ 17.4% |
| Contributions10/11 | €12,200 | €12,200 | €12,200 | €12,200 | €12,200 | = |
| Reserves13 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| 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 | = |
| Profit (loss) carried forward14 | €26,902 | €15,893 | €7,418 | €7,833 | €11,632 | ▲ 48.5% |
| Amounts payable17/49 | €13,017 | €23,230 | €12,972 | €8,838 | €26,740 | ▲ 203% |
| Amounts payable after more than one year17 | €4,554 | €11,105 | €6,272 | €1,951 | - | - |
| Financial debts170/4 | €4,554 | €11,105 | €6,272 | €1,951 | - | - |
| Amounts payable within one year42/48 | €8,463 | €12,125 | €6,699 | €6,887 | €26,740 | ▲ 288% |
| Current portion of amounts payable after more than one year42 | €4,609 | €3,787 | €4,519 | €4,321 | €1,951 | ▼ 54.8% |
| Trade debts44 | €1,923 | €6,123 | €664 | €359 | €3,876 | ▲ 981% |
| Suppliers440/4 | €1,923 | €6,123 | €664 | €359 | €3,876 | ▲ 981% |
| Advances received on contracts in progress46 | - | - | - | - | €18,763 | - |
| Taxes, remuneration and social security45 | €1,931 | €2,216 | €1,516 | €2,207 | €2,150 | ▼ 2.6% |
| Taxes450/3 | €1,931 | €2,216 | €1,516 | €2,207 | €2,150 | ▼ 2.6% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €3,344 | -€11,009 | -€8,475 | €414 | €3,799 | ▲ 817% |
| + Depreciation and write-downs630 | €1,340 | €3,959 | €7,533 | €6,155 | €1,308 | ▼ 78.7% |
| Operating cash flow (approximation) | €4,684 | -€7,050 | -€942 | €6,569 | €5,107 | ▼ 22.3% |
| Investment in fixed assets (approximation) | - | -€16,053 | €0 | -€2,219 | €3,440 | ▲ 255% |
| Change in cash | - | -€5,268 | €9,222 | -€10,362 | €11,150 | ▲ 208% |
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
16-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 16 days late
2025
24-05
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Back to profitnet €414
Net result €414 after 2 loss-making years.
17-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 48 days late
2023
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 31 days late
2022
28-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 28 days late
2021
31-12
Financial
Back to profitnet €3,344
Net result €3,344 after one loss-making year.
30-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 30 days late
2020
31-12
Financial
Weakest financial yearnet -€11,438
Net result drops to -€11,438, the lowest in the series; recovery starts the following year.
19-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 19 days late
2019
31-12
Financial
Highest result since 2018net €9,406 ▲149%
Operating result €12,418, net result €9,406, both a record.
22-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 22 days late
2018
20-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 20 days late
2017
26-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 26 days late
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, Machelen (Brab.) · 1 establishment unit since 2015
Ground area
216 m²
Building footprint
79 m²
Parcel 23015C0440/00E000, Flanders · tallest building 0.2 m. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
AYCEK
since 20152.238.691.209
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23015C0440/00E000 | Flanders | 216 m² | 1 · 79 m² | 0.1 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.
Recognitions · licences · registrations
Parcel delivery
Notified to the BIPT
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Of 4,920 companies in sector 53200 we hold annual accounts for 1,323. 1,089 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
Founded13-01-2015
Fiscal year end31-12
Activities, NACEBEL 2025
53200Other postal and courier activities
43990Other specialised construction activities
49410Freight transport by road
E-invoicing
Reachable via Peppol
Peppol ID
0208:0568660025
Also
9925:BE0568660025
Registered
30-01-2026
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.