A.V.R.
ActiveSummary
A.V.R. has been active since 1996 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €166k and a net result of €-77k. Equity is shrinking by ~3.8% per year across the filed fiscal years. Its solvency ranks better than 91% of 11322 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (very low).
Checked score
Score 2025
72
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability0▼-85
Solvency100=
Growth32▼-46
Track record100
Bankruptcy probability, 12 months
0.5%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €11k at 30 days acceptable
Liquidity ample (current ratio 8.72 against 13.75 in 2024; short-term debt: 8.3% and cash: 55.7% of total assets), and 8.3% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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 · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Sector 46
higher
← fewer bankruptcies
more bankruptcies →
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 2025Solvency, return and age of the figures
Solvency
91.7%
Return on assets
-42.7%
Age of the figures
18 mo
neutral · Filed after the deadline
The financial year that closed on 31-03-2025 was due by 31-10-2025 and was filed on 30-12-2025, 60 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
60 d late
2024
2 d early
2023
15 d late
2022
92 d late
2021
30 d late
2020
27 d late
2019
22 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-03-2026 and is due by 31-10-2026. Nothing is late today.
Companies Code · seven monthsPosition in the running window
31-03-2026 close24-09-2026 today31-10-2026 deadline
Financials · fiscal year 2025, micro schema
Equity
€166k▼ 31.8%
2024 · €243k
2019: €231k
2020: €219k
2021: €203k
2022: €202k
2023: €208k
2024: €243k
2019 → 2025
Total assets
€181k▼ 32.4%
2024 · €267k
2019: €261k
2020: €259k
2021: €243k
2022: €246k
2023: €236k
2024: €267k
2019 → 2025
Net result
€-77k
2024 · €34k
2019: €-12k
2020: €-12k
2021: €-16k
2022: €-325
2023: €6k
2024: €34k
2019 → 2025
Working capital
€116k▼ 45.7%
2024 · €213k
2019: €181k
2020: €178k
2021: €173k
2022: €171k
2023: €180k
2024: €213k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€203k-€202k▼ 0.2%€208k▲ 3.0%€243k▲ 16.4%€166k▼ 31.8%
Operating result€-15k-€698€7k▲ 885%€36k▲ 422%€-76k
Net result€-16k-€-325▲ 98.0%€6k€34k▲ 470%€-77k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €76k after €36k in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €181k
Fixed assets
€50k ▲ 32.8%
Current assets
€131k ▼ 43.1%
Equity and liabilities €181k
Equity
€166k ▼ 31.8%
Debt
€15k ▼ 38.9%
Debt's share of the balance-sheet total falls from 9.2% to 8.3%. Equity and debt are lower.
Key figures and ratios
EBITDA
€-72k▼
2024 · €51k
Cash flow
€-73k▼
2024 · €50k
Current ratio
8.72▼
2024 · 13.75
Debt to equity
0.09▼
2024 · 0.10
ROE
-46.6%▼
2024 · 14.1%
ROA
-42.7%▼
2024 · 12.8%
Interest coverage
-89.37▼
2024 · 30.62
Debt ≤ 1 year
€15k▼
2024 · €17k
Income taxes
€540
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 · 2025 against 2024 · 51 lines
Balance sheet
Code20242025
Assets
Total assets20/58€267k€181k▼
Fixed assets21/28€38k€50k▲
Tangible fixed assets22/27€38k€50k▲
Land and buildings22€18k€48k▲
Plant, machinery and equipment23€168-
Furniture and vehicles24€17k-
Other tangible fixed assets26€2k€2k▼
Current assets29/58€230k€131k▼
Amounts receivable within one year40/41€197k€23k▼
Trade receivables40€46k€1k▼
Other amounts receivable41€150k€22k▼
Cash at bank and in hand54/58€19k€100k▲
Deferred charges and accrued income490/1€14k€7k▼
Equity and liabilities
Total equity and liabilities10/49€267k€181k▼
Equity10/15€243k€166k▼
Contributions10/11€314k€314k=
Capital10€314k€314k=
Issued capital100€314k€314k=
Reserves13€26k€26k=
Non-distributable reserves130/1€6k€6k=
Legal reserve130€6k€6k=
Tax-exempt reserves132€19k€19k=
Distributable reserves133€1k€1k=
Profit (loss) carried forward14€-98k€-175k▼
Amounts payable17/49€25k€15k▼
Amounts payable after more than one year17€8k-
Financial debts170/4€8k-
Amounts payable within one year42/48€17k€15k▼
Current portion of amounts payable after more than one year42€5k-
Trade debts44€5k€9k▲
Suppliers440/4€5k€9k▲
Taxes, remuneration and social security45€7k€540▼
Taxes450/3€7k€540▼
Other amounts payable47/48€0€6k▲
Income statement
Code20242025
Remuneration, social security and pensions62€3k-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€15k€4k▼
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4-€61k
Other operating charges640/8€30k€16k▼
Non-recurring operating charges66A-€398
Gross operating margin9900€84k€6k▼
Operating profit (loss)9901€36k€-76k▼
Financial income75/76B€7€36▲
Recurring financial income75€7€36▲
Financial charges65/66B€2k€806▼
Recurring financial charges65€2k€806▼
Profit (loss) for the period before taxes9903€34k€-77k▼
Income taxes67/77-€540
Profit (loss) for the period9904€34k€-77k▼
Profit (loss) for the period to be appropriated9905€34k€-77k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-98k€-175k▼
Profit (loss) brought forward from the previous period14P€-132k€-98k▲
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2025
30-12
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 60 days late
31-03
Financial
Weakest financial yearnet €-77k ▼325%
Net result drops to €-77k, the lowest in the series.
2024
29-10
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
31-03
Financial
Highest result since 2019net €34k ▲470%
Operating result €36k, net result €34k, both a record.
2023
15-11
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 15 days late
31-03
Financial
Back to profitnet €6k
Net result €6k after 4 loss-making years.
31-01
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 92 days late
2021
30-11
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 30 days late
2020
27-11
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 27 days late
2019
09-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2018
27-09
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2017
29-09
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2016
30-09
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Antwerpen · 1 establishment unit since 1996
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.
Noorderlaan 1772030 AntwerpenGround area
5,794 m²
Building footprint
3,738 m²
Parcel 11815A0223/00T002, Flanders. Linked by address, not a title deed.
1 establishment unit
A.V.R.
since 19962.079.248.547
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11815A0223/00T002 | Flanders | 5,793 m² | 1 · 3,738 m² | - |
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
EAST WINNERS IMPORT-EXPORT
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BE 0677.648.235
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Gladiator WorX Europe
BE 0806.971.308
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AZEC
BE 0465.433.615
Kalmthout · Eq €167,790
S-PROMOTION
BE 0847.968.951
Mons · Eq €163,096
Of 1,565 companies in sector 46900 we hold annual accounts for 920. 642 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
Founded15-10-1996
Fiscal year end31-03
Activities, NACEBEL 2025
46900Non-specialised wholesale trade
Sources
Crossroads Bank for EnterprisesNational Bank · 28 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.