ACTIVE

AE+D

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Financial year 2025 · closed on 31/12/2025

Net result

29,3 k €

-38.1% YoY

Gross margin

452,9 k €

-6.4% YoY

Equity

890,5 k €

+3.4% YoY

Workforce

5,1 ETP

0.0% YoY

What does AE+D do?

AE+D is a Private company with limited liability incorporated in 1995. Its main activity is: Manufacture of made-up textile articles, except apparel. Its registered office is in Westerlo. It employs on average 5,1 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0455.760.834

Incorporation

01/08/1995

Legal form

Private company with limited liability

Registered office

de Merodedreef 46
2260 Westerlo · FlandreSee on map

Contributed capital

18 600,00 €

Latest accounts

31/12/2025

Average workforce

5,1 ETP

Activities (NACE)

13929Manufacture of made-up textile articles, except apparel· main 13929Manufacture of made-up textile articles, except apparel 17402Manufacture of paper and paper products 17402Manufacture of paper and paper products 33190Repair of other equipment 33190Repair of other equipment+8

Joint committees (2)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

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Health score

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✦ Verdict · Analyst summary

Financials

Trend over 20 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	452,9 k €	-6.4%	483,8 k €	-5.0%	509,2 k €	-3.5%	527,6 k €	+23.8%	426,3 k €	+68.1%	253,6 k €	-38.1%	409,8 k €	-65.7%	1,2 M €	+214%	380,7 k €	-16.3%	455,1 k €	+42.6%	319,3 k €	-5.4%	337,6 k €	-27.4%	464,9 k €	+27.9%	363,5 k €	+2.5%	354,8 k €	+20.7%	294 k €	+14.2%	257,5 k €	+31.1%	196,5 k €	-29.1%	277 k €	+54.9%	178,8 k €
EBITDA	170,7 k €	+24.9%	136,7 k €	-36.2%	214,2 k €	-17.2%	258,7 k €	+27.2%	203,5 k €	+151%	81,1 k €	-48.6%	157,7 k €	-83.7%	965,3 k €	+372%	204,6 k €	-32.6%	303,7 k €	+177%	109,8 k €	-19.8%	136,8 k €	-44.9%	248,3 k €	+51.1%	164,4 k €	-22.9%	213,2 k €	+64.0%	130 k €	+37.6%	94,5 k €	+289%	24,3 k €	-79.9%	120,9 k €	+52.3%	79,4 k €
Operating result	68,5 k €	-15.4%	80,9 k €	-28.7%	113,5 k €	-25.1%	151,5 k €	+30.2%	116,3 k €	+540%	18,2 k €	-79.2%	87,3 k €	-90.4%	905,6 k €	+454%	163,6 k €	-38.1%	264,3 k €	+413%	51,6 k €	-33.7%	77,8 k €	-55.5%	174,8 k €	+126%	77,4 k €	-48.3%	149,7 k €	+105%	73,2 k €	+68.9%	43,3 k €	+222%	-35,4 k €	-172%	49,2 k €	+151%	19,6 k €
Net result	29,3 k €	-38.1%	47,4 k €	+1.1%	46,9 k €	-56.2%	106,9 k €	+2.6%	104,2 k €	+596%	15 k €	-75.3%	60,6 k €	-89.9%	599 k €	+534%	94,4 k €	-33.9%	142,9 k €	+564%	21,5 k €	-50.5%	43,5 k €	-69.3%	141,4 k €	+189%	48,9 k €	-48.3%	94,5 k €	+71.1%	55,2 k €	+54.8%	35,7 k €	+187%	-40,9 k €	-229%	31,7 k €	+151%	12,6 k €
Balance sheet
Equity	890,5 k €	+3.4%	861,2 k €	-45.0%	1,6 M €	+3.0%	1,5 M €	+7.5%	1,4 M €	+7.6%	1,3 M €	+0.8%	1,3 M €	+4.6%	1,2 M €	+91.5%	650,6 k €	+16.2%	560 k €	+33.0%	420,9 k €	+4.4%	403,2 k €	+10.9%	363,5 k €	+60.9%	225,9 k €	+25.0%	180,8 k €	-4.9%	190 k €	+37.1%	138,6 k €	+29.9%	106,7 k €	-16.7%	128,1 k €	+28.1%	100 k €
Total assets	2,6 M €	-23.9%	3,5 M €	+5.9%	3,3 M €	+70.6%	1,9 M €	+13.0%	1,7 M €	+4.2%	1,6 M €	-1.0%	1,6 M €	-1.7%	1,7 M €	+65.0%	1 M €	+3.0%	984,3 k €	+17.1%	840,7 k €	-5.5%	889,2 k €	+10.4%	805,8 k €	+22.3%	658,9 k €	-20.8%	831,9 k €	+22.2%	680,6 k €	-10.8%	763,4 k €	+61.3%	473,3 k €	-18.2%	578,5 k €	+19.4%	484,3 k €
Cash	191,8 k €	-13.8%	222,5 k €	-40.1%	371,7 k €	+123%	166,6 k €	+42.5%	116,9 k €	-85.5%	805,6 k €	-27.0%	1,1 M €	+21.4%	908,6 k €	+66.5%	545,7 k €	+40.8%	387,6 k €	+84.3%	210,3 k €	-32.8%	313,2 k €	-2.6%	321,4 k €	+114%	150,2 k €	-61.4%	389 k €	+373%	82,3 k €	+0.6%	81,8 k €	+15.9%	70,6 k €	+19.4%	59,1 k €	+27.1%	46,5 k €
Debts	1,7 M €	-31.7%	2,5 M €	+52.6%	1,7 M €	+386%	342,1 k €	+28.9%	265,5 k €	-12.8%	304,4 k €	-9.1%	334,8 k €	-16.8%	402,4 k €	+13.3%	355,2 k €	-10.8%	398,5 k €	+0.0%	398,4 k €	-13.4%	460 k €	+12.4%	409,3 k €	+4.5%	391,6 k €	-36.4%	615,6 k €	+46.3%	420,7 k €	-28.9%	591,9 k €	+81.3%	326,6 k €	-22.4%	420,6 k €	+17.4%	358,3 k €
Other
Workforce	5,1 ETP	0.0%	5,1 ETP	+8.5%	4,7 ETP		–		–		3,5 ETP	-18.6%	4,3 ETP	+4.9%	4,1 ETP		–		–		3,7 ETP	-2.6%	3,8 ETP	-5.0%	4,0 ETP	+2.6%	3,9 ETP	-13.3%	4,5 ETP	-4.3%	4,7 ETP	+6.8%	4,4 ETP	-2.2%	4,5 ETP	-10.0%	5,0 ETP	+85.2%	2,7 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 0 € and 100 k€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 1 ended

Active mandates

Paul Vander Laenen

Director

Active

Ended mandates

Paul Vander Laenen

Manager

Ended

At this address

Other companies at this address

Company	CBE no.
Frédéric Vander Laenen Architect● Active	0563.614.441

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Abridged model	Abridged model	Micro model	Micro model	Abridged model
Start of the financial year	01/01/2025	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020
Closing of the financial year	31/12/2025	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	31/08/2026	29/08/2025	30/09/2024	16/08/2023	19/08/2022	31/08/2021
General meeting	08/06/2026	10/06/2025	10/06/2024	12/06/2023	13/06/2022	14/06/2021
Currency of the financial year	EUR	EUR	EUR	EUR	EUR	EUR
NBB quality label	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls

Ratios

Financial ratios

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Filings

Annual accounts filings

22 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	08/06/2026	31/08/2026	Dutch	PDF
Abridged model	31/12/2024	10/06/2025	29/08/2025	Dutch	PDF
Abridged model	31/12/2023	10/06/2024	30/09/2024	Dutch	PDF
Micro model	31/12/2022	12/06/2023	16/08/2023	Dutch	PDF
Micro model	31/12/2021	13/06/2022	19/08/2022	Dutch	PDF
Abridged model	31/12/2020	14/06/2021	31/08/2021	Dutch	PDF
Abridged model	31/12/2019	08/06/2020	22/12/2020	Dutch	PDF
Abridged model	31/12/2018	11/06/2019	30/08/2019	Dutch	PDF
Micro modelCorrection	31/12/2017	11/06/2018	25/10/2018	Dutch	PDF
Micro model	31/12/2017	11/06/2018	31/08/2018	Dutch	PDF
Micro model	31/12/2016	12/06/2017	11/08/2017	Dutch	PDF
Abridged model	31/12/2015	13/06/2016	25/08/2016	Dutch	PDF
Abridged model	31/12/2014	08/06/2015	14/08/2015	Dutch	PDF
Abridged modelCorrection	31/12/2013	10/06/2014	14/11/2014	Dutch	PDF
Abridged model	31/12/2013	10/06/2014	14/08/2014	Dutch	PDF
Abridged model	31/12/2012	10/06/2013	29/08/2013	Dutch	PDF
Abridged model	31/12/2011	11/06/2012	31/08/2012	Dutch	PDF
Abridged model	31/12/2010	14/06/2011	31/08/2011	Dutch	PDF
Abridged model	31/12/2009	14/06/2010	27/08/2010	Dutch	PDF
Abridged model	31/12/2008	08/06/2009	20/08/2009	Dutch	PDF
Abridged model	31/12/2007	09/06/2008	30/08/2008	Dutch	PDF
Abridged model	31/12/2006	11/06/2007	27/08/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 0 € and 100 k€

The detail comes with the Business plan: low and high bounds, the valuation bridge for each financial year, transaction multiples by sector and size, group valuation and exports.

Discover the Business plan

Disclaimer

Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.

Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 1 ended

Active mandates

Paul Vander Laenen

Director

Active

Ended mandates

Paul Vander Laenen

Manager

Ended

Shareholders

Ownership and network

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Try for 7 days

Competition

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

2025
Annual accounts 202529,3 k €↓
2024
Annual accounts 202447,4 k €↑
2023
Annual accounts 202346,9 k €↓
2022
Annual accounts 2022106,9 k €↑
2021
Annual accounts 2021104,2 k €↑
2020
Annual accounts 202015 k €↓
2019
Annual accounts 201960,6 k €↓
2018
Annual accounts 2018599 k €↑
2017
Annual accounts 201794,4 k €↓
2016
Annual accounts 2016142,9 k €↑
2015
Annual accounts 201521,5 k €↓
2014
Annual accounts 201443,5 k €↓
2013
Annual accounts 2013141,4 k €↑
2012
Annual accounts 201248,9 k €↓
2011
Annual accounts 201194,5 k €↑
2010
Annual accounts 201055,2 k €↑
2009
Annual accounts 200935,7 k €↑
2008
Annual accounts 2008-40,9 k €↓
2007
Annual accounts 200731,7 k €↑
2006
Annual accounts 200612,6 k €
01/08/1995
IncorporationPrivate company with limited liability

10/15	1 240 000	1 180 000	1 050 000
70	8 630 000	8 120 000	7 940 000
9904	412 000	388 000	301 000
17/49	2 970 000	3 140 000	3 380 000
9087	24,3	23,1	21,8

AE+D

Overview

What does AE+D do?

Trend over 20 financial years

Indicative valuation

Board of directors

Other companies at this address

Financials

Full financial information

Financial ratios

Annual accounts filings

Valuation

Indicative valuation

Directors & structure

Board of directors

Ownership and network

Publications

Similar companies

Similar companies

Timeline