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.
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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 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)
History
Go further with this company
How much credit can you give this customer, and on what term?Credit simulator What should you check before you do business with this company?Supplier due diligence Accepting this client? The AML file with identity, beneficial owners and sanctions lists.AML client file How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed Roughly what is this company worth?Value indication
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
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.
Annual accounts
| 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 1,732 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.