Financials
- Fiscal year
- 2025
- Total assets
- €3.8m
- Loss
- -€2.2m
- Solvency
- -34.5%
Turnover▲ 16.2%
Net result
20192020
A.V.M.
ActiveThe file of A.V.M. contains 3 judicial reorganisation notices, as published in the Belgian State Gazette.
Summary
During the judicial reorganisation Checked does not compute a bankruptcy probability from the figures: of the Belgian companies that opened one in 2023 and 2024, about one in four went bankrupt within twelve months. The 2025 annual accounts show negative equity (-€1.3m) and a net result of -€2.2m. Equity is shrinking by ~15.8% per year across the filed fiscal years. Its solvency ranks better than 5% of 1212 sector peers (fiscal year 2025).
Overview
Activity
Manufacture of metal structures and parts of structures
NACE 25110Manufacture of machinery and equipment not elsewhere classified NACE 28110NACE 45422
2 sites
Size
€3.8mtotal assets 2025
- Staff
- 12.1 FTE
- Equity
- -€1.3m
- Loss
- -€2.2m
Financial health
0
Critical
Checked score 2025Reorganisation running: about 1 in 4 bankrupt within the year
Structure
- Parent
- MeeVan · 100%
- Holdings
- 2
Accounts 4 d early0 of 8 deeds read
Why 0- Negative equityEarlier reorganisation (closed)Latest accounts filed on timeShow the evidence
Checked score
Score 2025
0
/ 100
Critical
Without a bankruptcy probability: score from the figures alone
Financial strength · tick = 2024
Weak
Solvency
0-39
equity -34.5% of total assets
Liquidity
5-4
short-term debt 125.0% · cash 3.8%
Profitability
0-8
return on assets -57.2%
Bankruptcy probability, 12 months
Judicial reorganisation
About 1 in 4 comparable companies went bankrupt within the year
A judicial reorganisation is open: we then compute no probability from the figures. Measured over every Belgian company in an open or failed reorganisation: 25% to 26% bankrupt within twelve months (2024 and 2025).
No credit on open account during an ongoing judicial reorganisation
Liquidity short (current ratio 0.54 against 1.0 in 2024; short-term debt: 125% and cash: 3.8% of total assets), and equity is negative.
Signals
Three signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year -€1.3m
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 27-07-2026, 4 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
4 d early
2024
29 d late
2023
1 d early
2022
17 d early
2021
30 d late
2020
25 d early
2019
14 d early
← 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 on the deadline day; the sector median for financial year 2024 is 7 days before the deadline, and 35% 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 31 July (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
04-10-2026 today31-12-2026 close31-07-2027 deadline
- Plan approval refusedOndernemingsrechtbank Antwerpen, afdeling Hasselt ·…
- Annual accounts filedfiscal year 2025 · abbreviated…
- Filing of a new plan authorisedOndernemingsrechtbank Antwerpen, afdeling Hasselt ·…
Key points
- Risk: Negative equityfiscal year 2025: debts exceed assets -€1.3m View
- Caution: Result fell in 2025from -€550,853 to -€2.2m ▼ 295% View
- Caution: Among the weakest 5% on solvencysector median 46.8% · 1,212 companies -34.5% View
- Controlled by MeeVanultimately: M3-Projects 100% View
- Caution: 2 loss-making years in a rowloss fiscal year 2025 -€2.2m View
By topic
Board & ownership
- Parent
- MeeVan · 100%
Network & group
- Group
- M3-Projects
- Subsidiaries
- 2
2 subsidiaries
Timeline
- Events
- 15
- Since
- 2017
- Next accounts
- by 31-07-2027
- 01-09-2026Plan approval refused
- 27-07-2026Annual accounts filed
- 10-06-2026Filing of a new plan authorised
Company details
- Sites
- 2
- Legal form
- Private limited company
- Activity
- Manufacture of metal structures and parts of structuresNACE 25110
- Founded
- 07-11-1995
- Year ends
- 31-12
- Peppol
- Reachable for e-invoices
Go further with this company
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