AV-ELEC

Active

Private limited companyfounded 20206 yrs activeBois des Moines(AWR) 79, 4400 Flémalle, BelgiumKBO/BCE: BE 0745.406.891

The computed 12-month bankruptcy probability of AV-ELEC is 4.6% (elevated). The 2024 annual accounts show equity of €9k and a net result of €-5k. Equity is shrinking by ~2.9% per year across the filed fiscal years. Its solvency ranks better than 14% of 36375 sector peers (fiscal year 2024). The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals.

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Checked score

Score 2024

35 / 100

Weak

The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.

Axes · tick = 2023

Profitability44▼-5

Solvency35▼-3

Growth32▼-20

Track record100

Bankruptcy probability, 12 months

4.6% Elevated

0%0.5%1.5%4%10%≥ 25%

No publishable credit limit; credit only on tighter terms

Liquidity tight (current ratio 1.07 against 1.13 in 2023; short-term debt: 61.8% and cash: 1.9% of total assets), and 90% of the assets are financed with debt.

How do we compute the score and the probability?

Credit advice for your own amount and term

Signals

Eight signals. The signal on the left, the evidence on the right.

+raises risk○neutral

Limited track record

This company has not been active as long as an established one and statistically fails somewhat more often.

KBO · incorporation date

Age against the risk zone

Higher-failure-rate sector

In this sector companies fail more often than the Belgian average.

Gazette · bankruptcies per sector, NACE 43

Relative position

BE, all sectors

reference

Sector 43

higher

← fewer bankruptcies more bankruptcies →

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

10%

Return on assets

-5.8%

Age of the figures

21 mo

Multiple establishment units

Several establishment units mean more fixed costs, and such companies fail more often than a company with one establishment.

KBO · establishment units

Higher-failure-rate region

In this region companies fail more often than in the rest of the country.

KBO · registered office

Weak solvency vs sector

Solvency (equity / total assets) is in the sector's weakest quartile: better than 14% of 36375 sector peers (2024).

NBB · sector comparison

Position among 36375 sector peers

Solvency

better than 14%

← weakest strongest →

Filed after the deadline

The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 19-10-2025, 80 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 · 4 filings

Deviation from the deadline

2025

not confirmed

2024

80 d late

2023

91 d late

2022

61 d late

2021

31 d late

← before the deadline after the deadline →

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

Financials · fiscal year 2024, micro schema

Equity

€9k▼ 36.8%

2023 · €14k

2021: €12k 2022: €13k 2023: €14k

2021 → 2024

Total assets

€87k▼ 17.3%

2023 · €105k

2021: €63k 2022: €99k 2023: €105k

2021 → 2024

Net result

€-5k

2023 · €1k

2021: €7k 2022: €462 2023: €1k

2021 → 2024

Working capital

€4k▼ 47.1%

2023 · €7k

2021: €4k 2022: €7k 2023: €7k

2021 → 2024

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line2021202220232024Trend

Equity€12k-€13k▲ 3.8%€14k▲ 8.0%€9k▼ 36.8%

Operating result€10k-€960▼ 90.7%€5k▲ 387%€-1k

Net result€7k-€462▼ 93.6%€1k▲ 119%€-5k

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 €1k after €5k in 2023, the lowest result in the available series.

Balance-sheet composition

2024 in colour, 2023 as the grey bar beneath

Assets €87k

33.7%

66.3%

Fixed assets €29k▼ 30.9%

Current assets €58k▼ 8.1%

Equity and liabilities €87k

10%

90.0%

Equity €9k▼ 36.8%

Debt €78k▼ 14.4%

The debt ratio rises from 87.0% to 90.0%. Equity and debt are lower.

Key figures and ratios

2024 value · change against 2023

EBITDA

€15k▲

2023 · €9k

Cash flow

€11k▲

2023 · €6k

Solvency

10.0%▼

2023 · 13.0%

Current ratio

1.07▼

2023 · 1.13

Quick ratio

1.07▲

2023 · 0.86

Debt / equity

9.02▲

2023 · 6.66

ROE

-58.1%▼

2023 · 7.4%

ROA

-5.8%▼

2023 · 1.0%

Interest coverage

3.84▲

2023 · 3.49

Debt

€78k▼

2023 · €92k

Debt ≤ 1 year

€54k▼

2023 · €55k

Debt > 1 year

€25k▼

2023 · €36k

Income taxes

€-78▼

2023 · €1k

Staff costs

€12k▼

2023 · €105k

Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.

Filed annual accounts

As filed with the NBB · 2024 against 2023

Balance sheet Code20232024

Assets

Total assets20/58€105k€87k▼

Fixed assets21/28€42k€29k▼

Tangible fixed assets22/27€42k€29k▼

Plant, machinery and equipment23€1k€228▼

Furniture and vehicles24€41k€29k▼

Current assets29/58€63k€58k▼

Stocks and contracts in progress3€15k-

Stocks30/36€15k-

Amounts receivable within one year40/41€40k€56k▲

Trade receivables40€24k€50k▲

Other amounts receivable41€16k€6k▼

Cash at bank and in hand54/58€7k€2k▼

Equity and liabilities

Total equity and liabilities10/49€105k€87k▼

Equity10/15€14k€9k▼

Contributions10/11€5k€5k=

Reserves13€7k€7k=

Distributable reserves133€7k€7k=

Profit (loss) carried forward14€1k€-4k▼

Amounts payable17/49€92k€78k▼

Amounts payable after more than one year17€36k€25k▼

Financial debts170/4€36k€25k▼

Amounts payable within one year42/48€55k€54k▼

Current portion of amounts payable after more than one year42€11k€12k▲

Trade debts44€18k€18k▼

Suppliers440/4€18k€18k▼

Taxes, remuneration and social security45€16k€13k▼

Taxes450/3€1k€1k▼

Remuneration and social security454/9€15k€12k▼

Other amounts payable47/48€9k€11k▲

Income statement Code20232024

Remuneration, social security and pensions62€105k€12k▼

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€5k€16k▲

Other operating charges640/8€937€965▲

Gross operating margin9900€115k€28k▼

Operating profit (loss)9901€5k€-1k▼

Financial income75/76B€410-

Recurring financial income75€410-

Financial charges65/66B€3k€4k▲

Recurring financial charges65€3k€4k▲

Profit (loss) for the period before taxes9903€2k€-5k▼

Income taxes67/77€1k€-78▼

Profit (loss) for the period9904€1k€-5k▼

Profit (loss) for the period to be appropriated9905€1k€-5k▼

Appropriation of the result

Profit (loss) to be appropriated9906€1k€-4k▼

Profit (loss) brought forward from the previous period14P€462€1k▲

The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

All 5Financial 1Filings 4

2025

19-10

NBB filing Annual accounts filed

fiscal year 2024 · micro schema · 80 days late

2024

31-12

Financial Weakest financial yearnet €-5k ▼599%

Net result drops to €-5k, the lowest in the series.

30-10

NBB filing Annual accounts filed

fiscal year 2023 · micro schema · 91 days late

2023

30-09

NBB filing Annual accounts filed

fiscal year 2022 · micro schema · 61 days late

2022

31-08

NBB filing Annual accounts filed

fiscal year 2021 · micro schema · 31 days late

Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

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, Flémalle · 2 establishment units since 2020

establishment All 2 establishment units on the map

Cannot be placed on the map

This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.

Bois des Moines(AWR) 794400 Flémalle

Ground area

685 m²

Building footprint

97 m²

2 parcels, Wallonia. Linked by address, not a title deed.

2 establishment units

AV-ELEC

Grand'Route(Flh) 214, 4400 FlémalleInstallation of industrial machinery and equipment

since 20202.301.010.838

AV-ELEC

Bois des Moines(AWR) 79, 4400 FlémalleInstallation of industrial machinery and equipment

since 20202.301.010.937

2 parcels

Wallonia 2 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
62037B0182/00T002	Wallonia	553 m²	1 · 44 m²	-
62007B0147/00C000	Wallonia	132 m²	1 · 52 m²	-

Linked by address, not proof of ownership

Methodology

via registered seat: 1 · via establishment units: 1

2 of 2 parcels 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

Heusden-Zolder · Eq €9k

Algemene Elektriciteitswerken Eyckmans

BE 0673.983.021

Tessenderlo-Ham · Eq €9k

DC-Holding

BE 1031.677.152

Antwerpen · Eq €9k

Of 22,821 companies in sector 43211 we hold annual accounts for 10,324. 5,118 are within a factor 10 of this equity.See the whole sector

Company data · Crossroads Bank

Identification

Legal formPrivate limited company

Founded13-03-2020

Fiscal year end31-12

Activities, NACEBEL

43211General electrical installation work

Sources

Crossroads Bank for EnterprisesNational Bank · 4 filingsAddress and cadastre registers

Data from official sources, last processed on 16-09-2026. Scores and ratios are computed by Checked and are not a credit decision.

Contact details

3 entries

E-mail:info.avelec@gmail.com

Enterprise

Phone:0479777054

Enterprise

E-mail:ino.avelec@gmail.com

Establishment Flémalle 2.301.010.838