A2V
ActiveSummary
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.
Credit check for your own amount and term
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 2024Solvency, return and age of the figures
Solvency
5.1%
Return on assets
-1.1%
Age of the figures
21 mo
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 filingsDeviation 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)
Financials · fiscal year 2024, micro schema
Equity
€37k▼ 18.5%
2023 · €45k
2018: €-136k
2019: €-176k▼ -29.2% vs 2018lowest in 7 years
2020: €-745▲ +99.6% vs 2019
2021: €12k▲ +1703% vs 2020
2022: €44k▲ +266% vs 2021
2023: €45k▲ +3.3% vs 2022highest in 7 years
2024: €37k▼ -18.5% vs 2023
2018 → 2024
Total assets
€725k▲ 48.8%
2023 · €487k
2018: €333k
2019: €311k▼ -6.6% vs 2018lowest in 7 years
2020: €507k▲ +62.8% vs 2019
2021: €579k▲ +14.2% vs 2020
2022: €347k▼ -40.0% vs 2021
2023: €487k▲ +40.2% vs 2022
2024: €725k▲ +48.8% vs 2023highest in 7 years
2018 → 2024
Net result
€-8k
2023 · €1k
2018: €-74klowest in 7 years
2019: €-40k▲ +46.0% vs 2018
2020: €176k▲ +541% vs 2019highest in 7 years
2021: €13k▼ -92.8% vs 2020
2022: €32k▲ +151% vs 2021
2023: €1k▼ -95.5% vs 2022
2024: €-8k▼ -680% vs 2023
2018 → 2024
Working capital
€285k▲ 413%
2023 · €56k
2018: €-96k
2019: €-140k▼ -45.8% vs 2018lowest in 7 years
2020: €66k▲ +147% vs 2019
2021: €76k▲ +15.3% vs 2020
2022: €90k▲ +18.3% vs 2021
2023: €56k▼ -38.1% vs 2022
2024: €285k▲ +413% vs 2023highest in 7 years
2018 → 2024
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€-745-€12k€44k▲ 266%€45k▲ 3.3%€37k▼ 18.5%
2020: €-745lowest in 5 years
2021: €12k▲ +1703% vs 2020
2022: €44k▲ +266% vs 2021
2023: €45k▲ +3.3% vs 2022highest in 5 years
2024: €37k▼ -18.5% vs 2023
Operating result€189k-€33k▼ 82.3%€36k▲ 6.8%€10k▼ 72.1%€-2k
2020: €189khighest in 5 years
2021: €33k▼ -82.3% vs 2020
2022: €36k▲ +6.8% vs 2021
2023: €10k▼ -72.1% vs 2022
2024: €-2k▼ -120% vs 2023lowest in 5 years
Net result€176k-€13k▼ 92.8%€32k▲ 151%€1k▼ 95.5%€-8k
2020: €176khighest in 5 years
2021: €13k▼ -92.8% vs 2020
2022: €32k▲ +151% vs 2021
2023: €1k▼ -95.5% vs 2022
2024: €-8k▼ -680% vs 2023lowest in 5 years
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 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
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.
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.
Accounts by statement
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| 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% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| 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 | - | - | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| 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.
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
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
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.
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Of 1,730 companies in sector 47742 we hold annual accounts for 1,138. 850 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.