AAVES
Open bankruptcyA bankruptcy procedure is open for AAVES according to publications in the Belgian State Gazette; curator: CHARLOTTE GEERAERT.
Summary
The 2022 annual accounts show equity of €155,971 and a net result of €103,541.
Are you a creditor?
Open bankruptcy
Source: Belgian Official Gazette
If this company owes you money, you are not paid automatically: you file your claim yourself, within the deadline the judgment sets.
The procedure
- Court
- Enterprise Court of Ghent, Dendermonde division
- Declared bankrupt
- 4 November 2024
- Supervising judge
- Evelyne Martens
- Official Gazette
- 08-11-2024 (pdf) ↗search the document for 2024/143097
Curator
- Charlotte GeeraertEikenlaan 21, 9250 Waas- Munstercharlotte.geeraert@verkest-creve.be
What to do now
- Do not deliver on credit any more without an agreement with the curator.
- Gather your documents: invoices, purchase orders, contract, delivery notes and reminders.
- File your proof of claim in RegSol (regsol.be), yourself with eID or itsme, or through your lawyer. State principal, interest and costs separately, and any preferential right you hold.
- Delivered under retention of title? Reclaim your goods before the first report on the verification of claims.
- Ask your accountant about the VAT on the unpaid invoices: in a bankruptcy it can be recovered under conditions.
- Follow the file in RegSol: the verification report (admitted or disputed) and the curator's reports appear there.
Deadlines: the judgment sets the last day to file your claim, by law at most thirty days after the judgment, and the day of the first verification report. Both dates are in the publication in the Official Gazette and in RegSol; Checked does not read them yet. A late claim is sometimes still possible, but not without consequences.
File a claim in RegSol ↗
Watch
Follow this bankruptcy: you are alerted when it is closed or reversed.
General information, not legal advice. If in doubt, the curator, your lawyer or your accountant can help. Full guide for creditors
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Signals
Three signals. The signal on the left, the evidence on the right.
+raises risk○neutral
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2022 was due by 31-07-2023 and was filed on 13-06-2023, 48 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
48 d early
2021
30 d early
2020
59 d early
2019
11 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 4 accounts on average 37 days before the deadline; the sector median for financial year 2024 is on the deadline day, and 46% of the sector filed late.
Checked, nothing found (1)
History
Go further with this company
Who ran this company, and where was it based, on a date before the end?Company as of a date Are there other customers at risk in your own list?Debtor check How is the Retail sale of lighting equipment sector doing?Sector figures
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2022, abbreviated schema
Equity
€155,971▲ 197%
2021 · €52,430
Total assets
€722,812▲ 1.2%
2021 · €714,069
Net result
€103,541
2021 · -€38,384
Working capital
€108,501▲ 5,011%
2021 · €2,123
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
Line20182019202020212022
Operating result-€71,370--€2,357▲ 96.7%€6,115-€43,480€83,137
Net result-€74,647-€1,002€12,596▲ 1,157%-€38,384€103,541
Equity€77,217-€78,219▲ 1.3%€90,815▲ 16.1%€52,430▼ 42.3%€155,971▲ 197%
Total assets€783,515-€929,790▲ 18.7%€756,762▼ 18.6%€714,069▼ 5.6%€722,812▲ 1.2%
Debt€706,298-€851,571▲ 20.6%€665,947▼ 21.8%€661,639▼ 0.6%€566,841▼ 14.3%
Working capital€64,722-€84,852▲ 31.1%€88,435▲ 4.2%€2,123▼ 97.6%€108,501▲ 5,011%
Staff (FTE)4-4.1▲ 2.5%4.1=3.2▼ 22.0%4▲ 25.0%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Why a figure moved sharply
- 2022 Equity +197% on 2021. Cause not known from the registers.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2022: €83,137 after a loss of €43,480 in 2021, the highest result in the available series.
Balance-sheet composition
2022 in colour, 2021 as the grey bar beneath
Assets €722,812
Fixed assets
€77,120 ▲ 1.2%
Current assets
€645,692 ▲ 1.2%
Equity and liabilities €722,812
Equity
€155,971 ▲ 197%
Debt
€566,841 ▼ 14.3%
Debt's share of the balance-sheet total falls from 92.7% to 78.4%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€102,903▲
2021 · -€36,333
Cash flow
€123,307▲
2021 · -€31,237
Current ratio
1.20▲
2021 · 1.00
Quick ratio
0.30▲
2021 · 0.23
Debt to equity
3.63▼
2021 · 12.62
ROE
66.4%▲
2021 · -73.2%
ROA
14.3%▲
2021 · -5.4%
Interest coverage
7.72▲
2021 · -25.57
Debt ≤ 1 year
€537,191▼
2021 · €635,774
Debt > 1 year
€18,920▼
2021 · €25,865
Income taxes
€321▼
2021 · €397
Staff costs
€164,996▲
2021 · €163,663
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | - | €163,663 | €164,996 | ▲ 0.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €25,611 | €18,007 | €6,550 | €7,148 | €19,766 | ▲ 177% |
| Other operating charges640/8 | - | - | - | €1,560 | €1,871 | ▲ 20.0% |
| Non-recurring operating charges66A | - | - | - | - | €550 | - |
| Gross operating margin9900 | €160,597 | €211,225 | €136,858 | €128,890 | €270,320 | ▲ 110% |
| Operating profit (loss)9901 | -€71,370 | -€2,357 | €6,115 | -€43,480 | €83,137 | ▲ 291% |
| Financial income75/76B | - | - | - | €6,914 | €34,047 | ▲ 392% |
| Recurring financial income75 | €8,421 | €6,461 | €12,573 | €6,914 | €34,047 | ▲ 392% |
| Financial charges65/66B | - | - | - | €1,421 | €13,323 | ▲ 837% |
| Recurring financial charges65 | €10,995 | €2,403 | €5,213 | €1,421 | €13,323 | ▲ 837% |
| Profit (loss) for the period before taxes9903 | -€73,944 | €1,701 | €13,086 | -€37,987 | €103,861 | ▲ 373% |
| Income taxes67/77 | €704 | €699 | €490 | €397 | €321 | ▼ 19.2% |
| Profit (loss) for the period9904 | -€74,647 | €1,002 | €12,596 | -€38,384 | €103,541 | ▲ 370% |
| Profit (loss) for the period to be appropriated9905 | -€74,647 | €1,002 | €12,596 | -€38,384 | €103,541 | ▲ 370% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €783,515 | €929,790 | €756,762 | €714,069 | €722,812 | ▲ 1.2% |
| Fixed assets21/28 | €33,430 | €16,965 | €5,771 | €76,172 | €77,120 | ▲ 1.2% |
| Intangible fixed assets21 | €1,261 | - | - | - | - | - |
| Tangible fixed assets22/27 | €26,599 | €11,395 | €5,751 | €76,162 | €77,110 | ▲ 1.2% |
| Plant, machinery and equipment23 | - | - | - | €5,290 | €3,848 | ▼ 27.2% |
| Furniture and vehicles24 | - | - | - | €41,735 | €48,202 | ▲ 15.5% |
| Other tangible fixed assets26 | - | - | - | €29,137 | €25,059 | ▼ 14.0% |
| Financial fixed assets28 | €5,570 | €5,570 | €20 | €10 | €10 | = |
| Current assets29/58 | €750,085 | €912,825 | €750,991 | €637,897 | €645,692 | ▲ 1.2% |
| Stocks and contracts in progress3 | €541,061 | €662,325 | €490,188 | €489,308 | €482,384 | ▼ 1.4% |
| Stocks30/36 | - | - | - | €489,308 | €482,384 | ▼ 1.4% |
| Amounts receivable within one year40/41 | €165,639 | €233,813 | €197,882 | €135,112 | €130,705 | ▼ 3.3% |
| Trade receivables40 | - | - | - | €123,159 | €122,774 | ▼ 0.3% |
| Other amounts receivable41 | - | - | - | €11,953 | €7,931 | ▼ 33.6% |
| Cash at bank and in hand54/58 | €39,279 | €13,741 | €59,770 | €7,464 | €28,104 | ▲ 277% |
| Deferred charges and accrued income490/1 | - | - | - | €6,014 | €4,498 | ▼ 25.2% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €783,515 | €929,790 | €756,762 | €714,069 | €722,812 | ▲ 1.2% |
| Equity10/15 | €77,217 | €78,219 | €90,815 | €52,430 | €155,971 | ▲ 197% |
| Contributions10/11 | €80,000 | €80,000 | - | €80,000 | €80,000 | = |
| Reserves13 | €7,508 | €7,508 | €7,508 | €7,508 | €8,000 | ▲ 6.6% |
| Non-distributable reserves130/1 | - | - | - | €7,508 | €8,000 | ▲ 6.6% |
| Reserves not available under the articles1311 | - | - | - | €7,508 | €8,000 | ▲ 6.6% |
| Profit (loss) carried forward14 | -€10,291 | -€9,289 | €3,307 | -€35,077 | €67,971 | ▲ 294% |
| Amounts payable17/49 | €706,298 | €851,571 | €665,947 | €661,639 | €566,841 | ▼ 14.3% |
| Amounts payable after more than one year17 | €5,890 | €23,597 | €3,392 | €25,865 | €18,920 | ▼ 26.9% |
| Financial debts170/4 | - | - | - | €25,865 | €18,920 | ▼ 26.9% |
| Amounts payable within one year42/48 | €685,363 | €827,973 | €662,556 | €635,774 | €537,191 | ▼ 15.5% |
| Current portion of amounts payable after more than one year42 | - | - | - | €10,256 | €6,945 | ▼ 32.3% |
| Trade debts44 | €399,613 | €526,207 | €380,786 | €300,801 | €246,451 | ▼ 18.1% |
| Suppliers440/4 | - | - | - | €300,801 | €246,451 | ▼ 18.1% |
| Taxes, remuneration and social security45 | - | - | - | €18,270 | €30,652 | ▲ 67.8% |
| Taxes450/3 | - | - | - | €2,047 | €13,338 | ▲ 552% |
| Remuneration and social security454/9 | - | - | - | €16,223 | €17,314 | ▲ 6.7% |
| Other amounts payable47/48 | - | - | - | €306,446 | €253,143 | ▼ 17.4% |
| Accrued charges and deferred income492/3 | - | - | - | - | €10,731 | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€74,647 | €1,002 | €12,596 | -€38,384 | €103,541 | ▲ 370% |
| + Depreciation and write-downs630 | €25,611 | €18,007 | €6,550 | €7,148 | €19,766 | ▲ 177% |
| Operating cash flow (approximation) | -€49,037 | €19,009 | €19,146 | -€31,237 | €123,307 | ▲ 495% |
| Investment in fixed assets (approximation) | - | -€1,542 | €4,643 | -€77,549 | -€20,714 | ▲ 73.3% |
| Change in cash | - | -€25,538 | €46,028 | -€52,306 | €20,641 | ▲ 139% |
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
2024
08-11
Bankruptcy
Opening
Ondernemingsrechtbank Gent, afdeling Dendermonde · event 04-11-2024
2023
13-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Back to profitnet €103,541
Net result €103,541 after one loss-making year.
31-12
Financial
Equity above €150,000Eq €155,971 ▲197%
Equity rises from €52,430 to €155,971.
01-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
02-06
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
20-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
31-12
Financial
Back to profitnet €1,002
Net result €1,002 after one loss-making year.
02-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 2 days late
2018
01-06
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
09-06
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
03-06
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
2015
05-06
NBB filing
Annual accounts filed
fiscal year 2014 · abbreviated schema
2014
27-05
NBB filing
Annual accounts filed
fiscal year 2013 · abbreviated schema
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 8 acts read
About the unread acts
We know of 8 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
8 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, Sint-Niklaas · 1 establishment unit since 2010
Ground area
2,483 m²
Building footprint
1,845 m²
Volume, LiDAR
18,781 m³
Parcel 46447B0552/00Z000, Flanders · tallest building 22.0 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Vijfstraten 207, 9100 Sint-Niklaas
since 20102.192.342.827
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 46447B0552/00Z000indicative | Flanders | 2,483 m² | 1 · 1,845 m² | 22.0 m · 3 fl. |
Linked by address, not proof of ownership
Good to know
0 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | CHARLOTTE GEERAERT EIKENLAAN 21, 9250 WAAS-
MUNSTER |
04-11-2024 → present |
Public money · subsidies and aid
Flemish government
2022 · 2 entries · 2,834 EUR awarded · 2,834 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2022 | 2 | 2,834 EUR | 2,834 EUR |
Recognitions · licences · registrations
Dual-learning approval
2 endedElektrische installaties duaal (so)
Elektrotechnisch installateur (vwo)
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Of 765 companies in sector 47552 we hold annual accounts for 444. 379 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
Founded29-09-2010
Fiscal year end31-12
Activities, NACEBEL 2025
47552Retail sale of lighting equipment
46643Wholesale of electrical equipment, including installation materials
68201Renting and operating of own or leased residential real estate, excluding social housing
E-invoicing
Not found in the Peppol register
No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.