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A2V

Active
Private limited company (pre-2019)founded 201510 yrs activePlace Cardinal Mercier 3, 1300 Wavre, BelgiumKBO/BCE: BE 0643.584.904
Summary

A2V has been active since 2015 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €37k and a net result of €-8k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 26% of 26043 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 1.2% (low).

Checked score

Score 2024
Axes · tick = 2023
Profitability46▼-16
Solvency30▼-4
Growth78=
Track record100
Bankruptcy probability, 12 months
1.2% Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1.5k at 30 days acceptable
Liquidity ample (current ratio 2.28 against 1.16 in 2023; short-term debt: 30.8% and cash: 20% of total assets), but 94.9% of the assets are financed with debt.
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Signals

Four signals. The signal on the left, the evidence on the right.
+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 47
Relative position
BE, all sectors
reference
Retail trade (NACE 47)
about 45% more bankruptcies
← 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 2024
Solvency, return and age of the figures
Solvency
5.1%
Return on assets
-1.1%
Age of the figures
21 mo
raises risk · Higher-failure-rate region
In this region companies fail more often than in the rest of the country.
KBO · registered office
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 28-08-2025, 28 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 · 9 filings
Deviation from the deadline
2025
not confirmed
2024
28 d late
2023
30 d late
2022
30 d late
2021
29 d late
2020
30 d late
2019
31 d late
← before the deadline after the deadline →
Checked, nothing found (1)
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

A2V was incorporated on 24 November 2015.1 Total assets rose from EUR 333,391 in 2018 to EUR 724,987 in 2024 and headcount from 1.8 full-time equivalents in 2020 to 3.5 in 2024.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2018, 2020 and 2024

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Financials · fiscal year 2024, micro schema

Equity
€37k▼ 18.5%
2023 · €45k
Total assets
€725k▲ 48.8%
2023 · €487k
Net result
€-8k
2023 · €1k
Working capital
€285k▲ 413%
2023 · €56k
Trend over the years

Click a name to add, emphasise or remove a line.

Every figure with its change against the fiscal year before
favourable unfavourable
Line20202021202220232024
Operating result€189k€33k▼ 82.3%€36k▲ 6.8%€10k▼ 72.1%€-2k
Net result€176k€13k▼ 92.8%€32k▲ 151%€1k▼ 95.5%€-8k
Equity€-745▲ 99.6%€12k€44k▲ 266%€45k▲ 3.3%€37k▼ 18.5%
Total assets€507k▲ 62.8%€579k▲ 14.2%€347k▼ 40.0%€487k▲ 40.2%€725k▲ 48.8%
Debt€508k▲ 4.1%€567k▲ 11.7%€304k▼ 46.4%€442k▲ 45.5%€688k▲ 55.7%
Working capital€66k€76k▲ 15.3%€90k▲ 18.3%€56k▼ 38.1%€285k▲ 413%
Staff (FTE)1.81.1▼ 38.9%1.3▲ 18.2%1.5▲ 15.4%3.5▲ 133%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
€-50k€0€50k€100k€150k€200kOperating result 2020: €189k€189kNet result 2020: €176k€176kOperating result 2021: €33k€33kNet result 2021: €13k€13kOperating result 2022: €36k€36kNet result 2022: €32k€32kOperating result 2023: €10k€10kNet result 2023: €1k€1kOperating result 2024: €-2k€-2kNet result 2024: €-8k€-8k20202021202220232024€-20k€0€20k€40kOperating result 2022: €36k€36kNet result 2022: €32k€32kOperating result 2023: €10k€9.9kNet result 2023: €1k€1.4kOperating result 2024: €-2k€-2kNet result 2024: €-8k€-8.3k202220232024
The operating result turns negative in 2024: a loss of €2k after €10k in 2023, the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €725k
Fixed assets €217k ▲ 161%
Current assets €508k ▲ 25.8%
Equity and liabilities €725k
Equity €37k ▼ 18.5%
Debt €688k ▲ 55.7%
Debt's share of the balance-sheet total rises from 90.7% to 94.9%. Equity is lower and debt is higher.
Key figures and ratios
2024 value · change against 2023
EBITDA
€32k▲
2023 · €32k
Cash flow
€26k▲
2023 · €23k
Current ratio
2.28▲
2023 · 1.16
Quick ratio
1.80▲
2023 · 0.91
Debt to equity
18.69▲
2023 · 9.79
ROE
-22.6%▼
2023 · 3.2%
ROA
-1.1%▼
2023 · 0.3%
Interest coverage
3.44▼
2023 · 5.09
Debt ≤ 1 year
€223k▼
2023 · €348k
Debt > 1 year
€465k▲
2023 · €94k
Income taxes
€464▼
2023 · €6k
Staff costs
€103k▲
2023 · €51k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
Filed annual accounts As filed with the NBB · 2024 against 2023 · 46 lines
Balance sheet Code20232024
Assets
Total assets20/58€487k€725k▲
Fixed assets21/28€83k€217k▲
Tangible fixed assets22/27€83k€217k▲
Plant, machinery and equipment23€3k€1k▼
Furniture and vehicles24€68k€58k▼
Other tangible fixed assets26€13k€157k▲
Current assets29/58€404k€508k▲
Stocks and contracts in progress3€87k€108k▲
Stocks30/36€87k€108k▲
Amounts receivable within one year40/41€234k€253k▲
Trade receivables40€222k€128k▼
Other amounts receivable41€12k€125k▲
Cash at bank and in hand54/58€78k€145k▲
Deferred charges and accrued income490/1€4k€2k▼
Equity and liabilities
Total equity and liabilities10/49€487k€725k▲
Equity10/15€45k€37k▼
Contributions10/11€36k€36k=
Profit (loss) carried forward14€9k€821▼
Amounts payable17/49€442k€688k▲
Amounts payable after more than one year17€94k€465k▲
Financial debts170/4€94k€465k▲
Amounts payable within one year42/48€348k€223k▼
Current portion of amounts payable after more than one year42€48k€59k▲
Trade debts44€236k€121k▼
Suppliers440/4€236k€121k▼
Taxes, remuneration and social security45€38k€40k▲
Taxes450/3€34k€29k▼
Remuneration and social security454/9€4k€11k▲
Other amounts payable47/48€27k€3k▼
Income statement Code20232024
Remuneration, social security and pensions62€51k€103k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€22k€34k▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€9k€12k▲
Other operating charges640/8€2k€2k▲
Non-recurring operating charges66A€491-
Gross operating margin9900€95k€149k▲
Operating profit (loss)9901€10k€-2k▼
Financial income75/76B€4k€3k▼
Recurring financial income75€4k€3k▼
Financial charges65/66B€6k€9k▲
Recurring financial charges65€6k€9k▲
Profit (loss) for the period before taxes9903€7k€-8k▼
Income taxes67/77€6k€464▼
Profit (loss) for the period9904€1k€-8k▼
Profit (loss) for the period to be appropriated9905€1k€-8k▼
Appropriation of the result
Profit (loss) to be appropriated9906€9k€821▼
Profit (loss) brought forward from the previous period14P€8k€9k▲

The notes to these accounts (9 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20202021202220232024Change
Remuneration, social security and pensions62-€39k€45k€51k€103k▲ 102%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€68k€55k€51k€22k€34k▲ 55.2%
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4-€14k€11k€9k€12k▲ 25.6%
Other operating charges640/8-€2k€2k€2k€2k▲ 19.6%
Non-recurring operating charges66A---€491--
Gross operating margin9900€301k€143k€145k€95k€149k▲ 57.7%
Operating profit (loss)9901€189k€33k€36k€10k€-2k▼ 120%
Financial income75/76B-€1k€18k€4k€3k▼ 7.7%
Recurring financial income75€243€1k€18k€4k€3k▼ 7.7%
Financial charges65/66B-€14k€7k€6k€9k▲ 49.0%
Recurring financial charges65€12k€14k€7k€6k€9k▲ 49.0%
Profit (loss) for the period before taxes9903€176k€21k€47k€7k€-8k▼ 206%
Income taxes67/77€509€8k€15k€6k€464▼ 92.2%
Profit (loss) for the period9904€176k€13k€32k€1k€-8k▼ 680%
Profit (loss) for the period to be appropriated9905€176k€13k€32k€1k€-8k▼ 680%
Line20202021202220232024Change
Assets
Total assets20/58€507k€579k€347k€487k€725k▲ 48.8%
Fixed assets21/28€157k€116k€67k€83k€217k▲ 161%
Intangible fixed assets21€67k€31k----
Tangible fixed assets22/27€72k€67k€67k€83k€217k▲ 161%
Plant, machinery and equipment23-€6k€4k€3k€1k▼ 54.2%
Furniture and vehicles24-€61k€48k€68k€58k▼ 14.2%
Other tangible fixed assets26--€15k€13k€157k▲ 1,136%
Financial fixed assets28€18k€18k----
Current assets29/58€350k€464k€281k€404k€508k▲ 25.8%
Stocks and contracts in progress3€79k€90k€89k€87k€108k▲ 23.6%
Stocks30/36-€90k€89k€87k€108k▲ 23.6%
Amounts receivable within one year40/41€199k€267k€117k€234k€253k▲ 8.1%
Trade receivables40-€267k€106k€222k€128k▼ 42.2%
Other amounts receivable41-€74€10k€12k€125k▲ 917%
Cash at bank and in hand54/58€59k€96k€75k€78k€145k▲ 85.5%
Deferred charges and accrued income490/1-€10k€591€4k€2k▼ 49.6%
Equity and liabilities
Total equity and liabilities10/49€507k€579k€347k€487k€725k▲ 48.8%
Equity10/15€-745€12k€44k€45k€37k▼ 18.5%
Contributions10/11-€36k€36k€36k€36k=
Profit (loss) carried forward14€-37k€-24k€8k€9k€821▼ 91.0%
Amounts payable17/49€508k€567k€304k€442k€688k▲ 55.7%
Amounts payable after more than one year17€188k€157k€105k€94k€465k▲ 397%
Financial debts170/4-€157k€105k€94k€465k▲ 397%
Amounts payable within one year42/48€284k€388k€191k€348k€223k▼ 36.0%
Current portion of amounts payable after more than one year42-€52k€53k€48k€59k▲ 22.7%
Trade debts44€141k€180k€91k€236k€121k▼ 48.5%
Suppliers440/4-€180k€91k€236k€121k▼ 48.5%
Taxes, remuneration and social security45-€86k€31k€38k€40k▲ 3.3%
Taxes450/3-€82k€29k€34k€29k▼ 15.5%
Remuneration and social security454/9-€4k€2k€4k€11k▲ 162%
Other amounts payable47/48-€70k€16k€27k€3k▼ 87.1%
Accrued charges and deferred income492/3-€22k€8k---
Line20202021202220232024Change
Profit (loss) for the period9904€176k€13k€32k€1k€-8k▼ 680%
+ Depreciation and write-downs630€68k€55k€51k€22k€34k▲ 55.2%
Operating cash flow (approximation)€243k€68k€83k€23k€26k▲ 10.2%
Investment in fixed assets (approximation)-€-13k€-2k€-39k€-168k▼ 336%
Change in cash-€37k€-22k€3k€67k▲ 1,816%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

2025
28-08
NBB filing Annual accounts filed
fiscal year 2024 · micro schema · 28 days late
2024
30-08
NBB filing Annual accounts filed
fiscal year 2023 · micro schema · 30 days late
2023
30-08
NBB filing Annual accounts filed
fiscal year 2022 · micro schema · 30 days late
2022
29-08
NBB filing Annual accounts filed
fiscal year 2021 · micro schema · 29 days late
2021
30-08
NBB filing Annual accounts filed
fiscal year 2020 · micro schema · 30 days late
2020
31-12
Financial Back to profitnet €176k
Net result €176k after 2 loss-making years.
31-12
Financial Liquidity doublescurrent ratio 1.23
Current ratio from 0.50 to 1.23.
31-08
NBB filing Annual accounts filed
fiscal year 2019 · micro schema · 31 days late
2019
28-08
NBB filing Annual accounts filed
fiscal year 2018 · micro schema · 28 days late
2018
27-08
NBB filing Annual accounts filed
fiscal year 2017 · micro schema · 27 days late
2017
31-08
NBB filing Annual accounts filed
fiscal year 2016 · full schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts

We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.

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Directors · office · real estate

Directors
1 act for this company is 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, Wavre · 1 establishment unit since 2015
seat establishment The establishment unit on the map
Ground area
118 m²
Building footprint
106 m²
Volume, LiDAR
1,293 m³
Parcel 25112M0260/00C000, Wallonia · tallest building 14.3 m, ±4 floors. Linked by address, not a title deed.
4 companies at this address See who is registered here
1 establishment unit
Arts de Vue
Place Cardinal Mercier 3, 1300 WavreWholesale trade
since 20152.248.112.481
1 parcel
Wallonia 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
25112M0260/00C000 Wallonia 118 m² 1 · 106 m² 14.3 m · 4 fl.
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.

Similar companies · same sector, comparable size

Of 1,732 companies in sector 47742 we hold annual accounts for 1,137. 849 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 (pre-2019)
Founded24-11-2015
Fiscal year end31-12
Activities, NACEBEL 2025
47742Retail sale of prescription glasses, lenses and sunglasses

Scores and ratios are computed by Checked and are not a credit decision.