ANDAVA
ActiveSummary
ANDAVA has been active since 1989 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €3.9m and a net result of €96,957. Equity is growing by ~5.6% per year across the filed fiscal years. Its solvency ranks better than 61% of 4814 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability66▼-10
Solvency69▼-3
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €280,000 at 30 days acceptable
Liquidity short (current ratio 0.68 against 0.44 in 2023; short-term debt: 21.1% and cash: 7.4% of total assets), and 55.6% of the assets are financed with debt.
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Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Real estate activities (NACE 68)
about 43% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
44.4%
Return on assets
1.1%
Age of the figures
21 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 28-07-2025, 3 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
3 d early
2023
5 d early
2022
on the day
2021
12 d early
2020
30 d late
2019
56 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 11 days after the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 36% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, full schema
In the rankings
#2 company by equity in La Louvière, Real estate sector#3 company by total assets in La Louvière, Real estate sector
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€96,957▼ 78.2%
2023 · €445,731
Working capital
-€596,042▲ 36.5%
2023 · -€939,046
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 68, Real estate activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result€194,223▲ 14.8%€185,929▼ 4.3%€376,259▲ 102%€651,079▲ 73.0%€232,833▼ 64.2%
Net result€99,702within the sector's middle half▼ 11.6%€92,590within the sector's middle half▼ 7.1%€232,921above the sector's middle half▲ 152%€445,731above the sector's middle half▲ 91.4%€96,957within the sector's middle half▼ 78.2%
Equity€3.1mabove the sector's middle half▲ 3.9%€3.2mabove the sector's middle half▲ 3.0%€3.4mabove the sector's middle half▲ 7.4%€3.8mabove the sector's middle half▲ 13.2%€3.9mabove the sector's middle half▲ 2.5%
Total assets€5.6mwithin the sector's middle half▼ 1.0%€5.9mwithin the sector's middle half▲ 5.5%€6.2mwithin the sector's middle half▲ 4.8%€8.2mwithin the sector's middle half▲ 33.4%€8.9mwithin the sector's middle half▲ 8.0%
Debt€2.4m▼ 6.2%€2.6m▲ 9.1%€2.6m▲ 0.5%€4.2m▲ 58.1%€4.7m▲ 13.6%
Working capital-€90,827-€103,655▼ 14.1%-€347,359▼ 235%-€939,046▼ 170%-€596,042▲ 36.5%
Solvency55.0%within the sector's middle half▲ 2.6pp53.7%within the sector's middle half▼ 1.3pp55.1%within the sector's middle half▲ 1.4pp46.7%within the sector's middle half▼ 8.4pp44.4%within the sector's middle half▼ 2.3pp
Staff (FTE)0below the sector's middle half
above
within
below
the middle half (P25 to P75) of NACE 68, Real estate activities, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result falls in 2024; 2024 is 64% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €8.9m
Fixed assets
€7.6m ▲ 1.7%
Current assets
€1.3m ▲ 70.2%
Equity and liabilities €8.9m
Equity
€3.9m ▲ 2.5%
Provisions
€199,420 ▼ 5.2%
Debt
€4.7m ▲ 13.6%
Debt's share of the balance-sheet total rises from 50.7% to 53.4%. Equity and debt are higher.
Key figures and ratios
EBITDA
€703,317▼
2023 · €1.1m
Cash flow
€567,441▼
2023 · €849,902
Current ratio
0.68▲
2023 · 0.44
Debt to equity
1.20▲
2023 · 1.09
ROE
2.5%▼
2023 · 11.6%
ROA
1.1%▼
2023 · 5.4%
Interest coverage
5.56▼
2023 · 15.28
Debt ≤ 1 year
€1.9m▲
2023 · €1.7m
Debt > 1 year
€2.8m▲
2023 · €2.5m
Income taxes
€48,637▼
2023 · €68,644
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 1,832 companies that looked in July 2024 the way this one looks now, 0.1% went bankrupt within 24 months and 98% are still going.
- Medium-sized
- 20 years or older
- solvency 30% or more
- a profit under 5% of the balance sheet
0.1%
went bankrupt
2.0%
stopped otherwise
98%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.2% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 1,832 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €16,693 | €2,462 | €60,084 | €14,310 | ▼ 76.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €310,273 | €344,060 | €372,241 | €404,171 | €470,485 | ▲ 16.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | -€20,132 | - | €27,706 | €12,425 | ▼ 55.2% |
| Other operating charges640/8 | - | €90,671 | €66,968 | €53,682 | €75,916 | ▲ 41.4% |
| Non-recurring operating charges66A | - | - | - | €56,297 | €35,453 | ▼ 37.0% |
| Gross operating margin9900 | €582,461 | €600,529 | €815,467 | €1.2m | €827,111 | ▼ 30.7% |
| Operating profit (loss)9901 | €194,223 | €185,929 | €376,259 | €651,079 | €232,833 | ▼ 64.2% |
| Financial income75/76B | - | €35 | €38 | €13,197 | €28,298 | ▲ 114% |
| Recurring financial income75 | €3 | €35 | €38 | €13,197 | €28,298 | ▲ 114% |
| Financial charges65/66B | - | €62,322 | €59,593 | €69,043 | €126,461 | ▲ 83.2% |
| Recurring financial charges65 | €67,959 | €62,322 | €59,593 | €69,043 | €126,461 | ▲ 83.2% |
| Profit (loss) for the period before taxes9903 | €126,268 | €123,642 | €316,703 | €595,233 | €134,670 | ▼ 77.4% |
| Transfer from deferred taxes780 | - | €6,547 | €6,392 | €6,907 | €10,923 | ▲ 58.2% |
| Transfer to deferred taxes680 | - | - | €41,447 | €87,765 | €0 | ▼ 100% |
| Income taxes67/77 | €23,181 | €37,599 | €48,727 | €68,644 | €48,637 | ▼ 29.1% |
| Profit (loss) for the period9904 | €99,702 | €92,590 | €232,921 | €445,731 | €96,957 | ▼ 78.2% |
| Transfer from tax-exempt reserves789 | - | €19,128 | €19,175 | €20,720 | €32,770 | ▲ 58.2% |
| Transfer to tax-exempt reserves689 | - | - | €124,341 | €263,295 | €0 | ▼ 100% |
| Profit (loss) for the period to be appropriated9905 | €89,816 | €111,719 | €127,755 | €203,156 | €129,726 | ▼ 36.1% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €5.6m | €5.9m | €6.2m | €8.2m | €8.9m | ▲ 8.0% |
| Fixed assets21/28 | €5.2m | €5.5m | €5.5m | €7.5m | €7.6m | ▲ 1.7% |
| Tangible fixed assets22/27 | €5.2m | €5.5m | €5.5m | €7.5m | €7.6m | ▲ 1.7% |
| Land and buildings22 | - | €4.8m | €4.4m | €6.3m | €6.1m | ▼ 3.7% |
| Plant, machinery and equipment23 | - | €4,103 | €3,338 | €4,096 | €3,327 | ▼ 18.8% |
| Furniture and vehicles24 | - | - | €2,925 | €3,969 | €3,335 | ▼ 16.0% |
| Other tangible fixed assets26 | - | €728,546 | €1.0m | €1.1m | €1.5m | ▲ 31.7% |
| Assets under construction and advance payments27 | - | - | €10,798 | - | - | - |
| Current assets29/58 | €319,074 | €360,890 | €664,844 | €750,149 | €1.3m | ▲ 70.2% |
| Amounts receivable within one year40/41 | €113,137 | €145,814 | €343,779 | €541,059 | €560,597 | ▲ 3.6% |
| Trade receivables40 | - | €135,069 | €89,013 | €32,131 | €25,302 | ▼ 21.3% |
| Other amounts receivable41 | - | €10,745 | €254,766 | €508,928 | €535,294 | ▲ 5.2% |
| Cash at bank and in hand54/58 | €197,373 | €199,544 | €301,172 | €180,449 | €659,717 | ▲ 266% |
| Deferred charges and accrued income490/1 | - | €15,532 | €19,893 | €28,641 | €56,771 | ▲ 98.2% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €5.6m | €5.9m | €6.2m | €8.2m | €8.9m | ▲ 8.0% |
| Equity10/15 | €3.1m | €3.2m | €3.4m | €3.8m | €3.9m | ▲ 2.5% |
| Contributions10/11 | €1.0m | €1.0m | €1.0m | €1.0m | €1.0m | = |
| Capital10 | - | €1.0m | €1.0m | €1.0m | €1.0m | = |
| Issued capital100 | - | €1.0m | €1.0m | €1.0m | €1.0m | = |
| Reserves13 | €402,163 | €383,035 | €490,089 | €732,665 | €699,895 | ▼ 4.5% |
| Non-distributable reserves130/1 | - | €101,636 | €101,636 | €101,636 | €101,636 | = |
| Legal reserve130 | - | €101,636 | €101,636 | €101,636 | €101,636 | = |
| Tax-exempt reserves132 | - | €281,399 | €388,453 | €631,029 | €598,259 | ▼ 5.2% |
| Profit (loss) carried forward14 | €1.6m | €1.8m | €1.9m | €2.1m | €2.2m | ▲ 6.2% |
| Provisions and deferred taxes16 | €102,865 | €96,318 | €129,484 | €210,343 | €199,420 | ▼ 5.2% |
| Deferred taxes168 | - | €96,318 | €129,484 | €210,343 | €199,420 | ▼ 5.2% |
| Amounts payable17/49 | €2.4m | €2.6m | €2.6m | €4.2m | €4.7m | ▲ 13.6% |
| Amounts payable after more than one year17 | €2.0m | €2.2m | €1.6m | €2.5m | €2.8m | ▲ 14.9% |
| Financial debts170/4 | - | €1.9m | €1.6m | €2.5m | €2.8m | ▲ 14.9% |
| Other amounts payable178/9 | - | €211,101 | - | - | - | - |
| Amounts payable within one year42/48 | €409,901 | €464,546 | €1.0m | €1.7m | €1.9m | ▲ 10.9% |
| Current portion of amounts payable after more than one year42 | - | €324,045 | €323,869 | €339,165 | €322,602 | ▼ 4.9% |
| Trade debts44 | €73,111 | €83,616 | €67,918 | €28,381 | €61,619 | ▲ 117% |
| Suppliers440/4 | - | €83,616 | €67,918 | €28,381 | €61,619 | ▲ 117% |
| Taxes, remuneration and social security45 | - | €18,201 | €57,822 | €94,950 | €36,877 | ▼ 61.2% |
| Taxes450/3 | - | €18,201 | €57,822 | €94,950 | €36,877 | ▼ 61.2% |
| Other amounts payable47/48 | - | €38,683 | €562,593 | €1.2m | €1.5m | ▲ 18.4% |
| Accrued charges and deferred income492/3 | - | €4,407 | €4,069 | €6,954 | €22,978 | ▲ 230% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €99,702 | €92,590 | €232,921 | €445,731 | €96,957 | ▼ 78.2% |
| + Depreciation and write-downs630 | €310,273 | €344,060 | €372,241 | €404,171 | €470,485 | ▲ 16.4% |
| Operating cash flow (approximation) | €409,975 | €436,650 | €605,162 | €849,902 | €567,441 | ▼ 33.2% |
| Investment in fixed assets (approximation) | - | -€607,105 | -€348,613 | -€2.4m | -€597,160 | ▲ 74.9% |
| Change in cash | - | €2,171 | €101,628 | -€120,723 | €479,268 | ▲ 497% |
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
2026
07-08
State Gazette act
Reappointment: André GLOTZ (day-to-day manager)2 facts ▸
State Gazette act
Reappointment: André GLOTZ (day-to-day manager)
2 facts ▸
- Board meeting, 22-06-2026
- Director reappointment, André GLOTZ (day-to-day manager)
2025
28-07
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
26-07
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
31-12
Financial
Highest result since 2018net €445,731 ▲91.4%
Operating result €651,079, net result €445,731, both a record.
31-07
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
19-07
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
31-12
Financial
Weakest financial yearnet €92,590 ▼7.1%
Net result drops to €92,590, the lowest in the series; recovery starts the following year.
30-08
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 30 days late
2020
25-09
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 56 days late
2019
26-08
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 26 days late
2018
24-08
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 24 days late
2017
17-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 17 days late
2016
17-08
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 17 days late
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 8 acts read
About the unread acts
Of the 8 Belgian State Gazette acts we know for this company, 1 has been read. The other 7 have not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 office holder
Day-to-day management 1
André GLOTZ
CurrentDay-to-day manager
Derived from published Gazette acts. The CBE keeps the official list of function holders; we do not read it, so the two can differ.
See the function holders in the CBE →
Not every act has been read: a resignation may be missing here
7 of this company's 8 Belgian State Gazette acts have not been read yet. Appointments and resignations recorded in them are missing above: a director who resigned there may therefore still show here as sitting. The acts are in the Timeline.
Location & real-estate footprint
Registered office, La Louvière
Ground area
993 m²
Building footprint
96 m²
Volume, LiDAR
801 m³
Parcel 55015B0224/00H000, Wallonia · tallest building 11.4 m, ±3 floors. Linked by address, not a title deed.
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 55015B0224/00H000 | Wallonia | 993 m² | 1 · 96 m² | 11.4 m · 3 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.
Mandate history
1 person since 2026, 1 in office
- Day-to-day management
- began earlier
| Name | Functions and periods |
|---|---|
| André GLOTZ |
|
Structure & network
Connections & network
1 current directorThe network starts from this company’s directors. Other companies they run appear here as nodes.
This company
Company
Director
Shareholding
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Of 9,146 companies in sector 68201 we hold annual accounts for 6,775. 3,482 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded20-04-1989
Fiscal year end31-12
Activities, NACEBEL 2025
68201Renting and operating of own or leased residential real estate, excluding social housing
68202Real estate activities
E-invoicing
Reachable via Peppol
Peppol ID
0208:0437349442
Registered
21-10-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.