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AV-NF

Active
Private limited companyfounded 200521 yrs activeRue Sainte Catherine 57, 7170 Manage, BelgiumKBO/BCE: BE 0876.200.010
Summary

AV-NF has been active since 2005 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €29,047 and a net result of -€1,461. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 65% of 36380 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 1.2% (low).

Checked score

Score 2024
Axes · tick = 2023
Profitability15▼-85
Solvency85▼-8
Growth78=
Track record100
Bankruptcy probability, 12 months
1.2% Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1,500 at 30 days acceptable
Liquidity ample (current ratio 2.24 against 2.9 in 2023; short-term debt: 40.2% and cash: 18% of total assets), and 40.2% of the assets are financed with debt.
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Signals

Five signals. The signal on the left, the evidence on the right.
−lowers risk+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 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% 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 2024
Solvency, return and age of the figures
Solvency
59.8%
Return on assets
-3%
Age of the figures
21 mo
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 21 years 0 30 y
raises risk · Higher-failure-rate region
In this region companies fail more often than in the rest of the country.
KBO · registered office
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 31-07-2025, 0 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
not confirmed
2024
on the day
2023
16 d early
2022
22 d late
2021
31 d late
2020
18 d late
2019
61 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 19 days after the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% of the sector filed late.

Checked, nothing found (1)
neutral · 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

History

On 22 September 2005, AV-NF was incorporated.1 Total assets went from EUR 6,538 in 2018 to EUR 48,610 in 2024.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2018 and 2024

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Financials · fiscal year 2024, micro schema

Equity
€29,047▼ 4.8%
2023 · €30,508
Total assets
€48,610▲ 8.8%
2023 · €44,689
Net result
-€1,461
2023 · €32,823
Working capital
€24,226▼ 10.3%
2023 · €27,000
Trend over the years

Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 43, Specialised construction 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€6,332▼ 74.2%-€1,464-€9,251▼ 532%€36,671-€1,325
Net result€6,131within the sector's middle half▼ 75.0%-€2,208below the sector's middle half-€10,163below the sector's middle half▼ 360%€32,823above the sector's middle half-€1,461below the sector's middle half
Equity€10,055below the sector's middle half▲ 156%€7,848below the sector's middle half▼ 22.0%-€2,315below the sector's middle half€30,508within the sector's middle half€29,047within the sector's middle half▼ 4.8%
Total assets€56,799below the sector's middle half▲ 181%€15,177below the sector's middle half▼ 73.3%€15,159below the sector's middle half▼ 0.1%€44,689below the sector's middle half▲ 195%€48,610below the sector's middle half▲ 8.8%
Debt€46,744▲ 187%€7,329▼ 84.3%€17,474▲ 138%€14,182▼ 18.8%€19,563▲ 37.9%
Working capital-€7,872€6,330-€7,421€27,000€24,226▼ 10.3%
Solvency17.7%below the sector's middle half▼ 1.7pp51.7%within the sector's middle half▲ 34.0pp-15.3%below the sector's middle half▼ 67.0pp68.3%above the sector's middle half▲ 83.5pp59.8%within the sector's middle half▼ 8.5pp
above within below the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
-€20,000€0€20,000€40,000Operating result 2020: €6,332€6,332Net result 2020: €6,131€6,131Operating result 2021: -€1,464-€1,464Net result 2021: -€2,208-€2,208Operating result 2022: -€9,251-€9,251Net result 2022: -€10,163-€10,163Operating result 2023: €36,671€36,671Net result 2023: €32,823€32,823Operating result 2024: -€1,325-€1,325Net result 2024: -€1,461-€1,46120202021202220232024-€20,000€0€20,000€40,000Operating result 2022: -€9,251-€9,250Net result 2022: -€10,163-€10,200Operating result 2023: €36,671€36,700Net result 2023: €32,823€32,800Operating result 2024: -€1,325-€1,320Net result 2024: -€1,461-€1,460202220232024
The operating result turns negative in 2024: a loss of €1,325 after €36,671 in 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €48,610
Fixed assets €4,821 ▲ 37.4%
Current assets €43,789 ▲ 6.3%
Equity and liabilities €48,610
Equity €29,047 ▼ 4.8%
Debt €19,563 ▲ 37.9%
Debt's share of the balance-sheet total rises from 31.7% to 40.2%. Equity is lower and debt is higher.
Key figures and ratios
2024 value · change against 2023
EBITDA
€62▼
2023 · €38,269
Cash flow
-€74▼
2023 · €34,421
Current ratio
2.24▼
2023 · 2.90
Debt to equity
0.67▲
2023 · 0.46
ROE
-5.0%▼
2023 · 107.6%
ROA
-3.0%▼
2023 · 73.4%
Interest coverage
0.06▼
2023 · 35.69
Debt ≤ 1 year
€19,563▲
2023 · €14,182
Income taxes
€268▼
2023 · €3,452
Staff costs
€1,984
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 12,304 companies that looked in July 2024 the way this one looks now, 0.6% went bankrupt within 24 months and 90% are still going.

  • Micro
  • 20 years or older
  • solvency 30% or more
  • a small loss
0.6% went bankrupt
8.6% stopped otherwise
90% still going

A further 0.6% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a higher bankruptcy probability: 1.2% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.

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%.

The companies in ten equal groups, from lowest to highest expected share.
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 12,304 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
Filed annual accounts As filed with the NBB · 2024 against 2023 · 41 lines
Balance sheet Code20232024
Assets
Total assets20/58€44,689€48,610▲
Fixed assets21/28€3,508€4,821▲
Tangible fixed assets22/27€3,508€4,821▲
Plant, machinery and equipment23€2,328€1,682▼
Furniture and vehicles24€1,179€3,140▲
Current assets29/58€41,181€43,789▲
Amounts receivable within one year40/41€35,613€35,059▼
Trade receivables40€17,401€9,351▼
Other amounts receivable41€18,212€25,709▲
Current investments50/53€2,000-
Cash at bank and in hand54/58€3,512€8,729▲
Deferred charges and accrued income490/1€57-
Equity and liabilities
Total equity and liabilities10/49€44,689€48,610▲
Equity10/15€30,508€29,047▼
Contributions10/11€20,000€20,000=
Profit (loss) carried forward14€10,508€9,047▼
Amounts payable17/49€14,182€19,563▲
Amounts payable within one year42/48€14,182€19,563▲
Current portion of amounts payable after more than one year42-€8,000
Financial debts43€1,625-
Credit institutions430/8€1,625-
Trade debts44€7,716€4,385▼
Suppliers440/4€7,716€4,385▼
Advances received on contracts in progress46€121-
Taxes, remuneration and social security45€4,720€7,177▲
Taxes450/3€4,720€7,177▲
Income statement Code20232024
Remuneration, social security and pensions62-€1,984
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€1,598€1,387▼
Other operating charges640/8€1,431€646▼
Gross operating margin9900€39,700€2,692▼
Operating profit (loss)9901€36,671-€1,325▼
Financial income75/76B€676€1,246▲
Recurring financial income75€676€1,246▲
Financial charges65/66B€1,072€1,114▲
Recurring financial charges65€1,072€1,114▲
Profit (loss) for the period before taxes9903€36,275-€1,192▼
Income taxes67/77€3,452€268▼
Profit (loss) for the period9904€32,823-€1,461▼
Profit (loss) for the period to be appropriated9905€32,823-€1,461▼
Appropriation of the result
Profit (loss) to be appropriated9906€10,508€9,047▼
Profit (loss) brought forward from the previous period14P-€22,315€10,508▲

The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20202021202220232024Change
Remuneration, social security and pensions62----€1,984-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€3,369€932€800€1,598€1,387▼ 13.2%
Other operating charges640/8-€7,810€659€1,431€646▼ 54.9%
Non-recurring operating charges66A--€1,076---
Gross operating margin9900€9,701€7,278-€6,716€39,700€2,692▼ 93.2%
Operating profit (loss)9901€6,332-€1,464-€9,251€36,671-€1,325▼ 104%
Financial income75/76B-€0€0€676€1,246▲ 84.4%
Recurring financial income75€0€0€0€676€1,246▲ 84.4%
Financial charges65/66B-€744€912€1,072€1,114▲ 3.9%
Recurring financial charges65€201€744€912€1,072€1,114▲ 3.9%
Profit (loss) for the period before taxes9903€6,131-€2,208-€10,163€36,275-€1,192▼ 103%
Income taxes67/77---€3,452€268▼ 92.2%
Profit (loss) for the period9904€6,131-€2,208-€10,163€32,823-€1,461▼ 104%
Profit (loss) for the period to be appropriated9905€6,131-€2,208-€10,163€32,823-€1,461▼ 104%
Line20202021202220232024Change
Assets
Total assets20/58€56,799€15,177€15,159€44,689€48,610▲ 8.8%
Fixed assets21/28€17,927€1,518€5,106€3,508€4,821▲ 37.4%
Tangible fixed assets22/27€17,927€1,518€5,106€3,508€4,821▲ 37.4%
Plant, machinery and equipment23--€2,975€2,328€1,682▼ 27.8%
Furniture and vehicles24-€1,518€2,131€1,179€3,140▲ 166%
Current assets29/58€38,872€13,659€10,053€41,181€43,789▲ 6.3%
Amounts receivable within one year40/41€36,811€12,302€9,359€35,613€35,059▼ 1.6%
Trade receivables40-€9,777€9,347€17,401€9,351▼ 46.3%
Other amounts receivable41-€2,525€12€18,212€25,709▲ 41.2%
Current investments50/53---€2,000--
Cash at bank and in hand54/58€1,806€26€642€3,512€8,729▲ 149%
Deferred charges and accrued income490/1-€1,331€52€57--
Equity and liabilities
Total equity and liabilities10/49€56,799€15,177€15,159€44,689€48,610▲ 8.8%
Equity10/15€10,055€7,848-€2,315€30,508€29,047▼ 4.8%
Contributions10/11-€20,000€20,000€20,000€20,000=
Profit (loss) carried forward14-€9,945-€12,152-€22,315€10,508€9,047▼ 13.9%
Amounts payable17/49€46,744€7,329€17,474€14,182€19,563▲ 37.9%
Amounts payable within one year42/48€46,744€7,329€17,474€14,182€19,563▲ 37.9%
Current portion of amounts payable after more than one year42----€8,000-
Financial debts43---€1,625--
Credit institutions430/8---€1,625--
Trade debts44€37,811€3,234€5,336€7,716€4,385▼ 43.2%
Suppliers440/4-€3,234€5,336€7,716€4,385▼ 43.2%
Advances received on contracts in progress46---€121--
Taxes, remuneration and social security45--€2,880€4,720€7,177▲ 52.1%
Taxes450/3--€2,880€4,720€7,177▲ 52.1%
Other amounts payable47/48-€4,095€9,258---
Line20202021202220232024Change
Profit (loss) for the period9904€6,131-€2,208-€10,163€32,823-€1,461▼ 104%
+ Depreciation and write-downs630€3,369€932€800€1,598€1,387▼ 13.2%
Operating cash flow (approximation)€9,501-€1,275-€9,363€34,421-€74▼ 100%
Investment in fixed assets (approximation)-€15,477-€4,388€0-€2,700-
Change in cash--€1,780€617€2,870€5,218▲ 81.8%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

2025
31-07
NBB filing Annual accounts filed
fiscal year 2024 · micro schema
2024
15-07
NBB filing Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial Back to profitnet €32,823
Net result €32,823 after 2 loss-making years.
31-12
Financial Liquidity times 5current ratio 2.90
Current ratio from 0.58 to 2.90; short-term debt falls from €17,474 to €14,182.
22-08
NBB filing Annual accounts filed
fiscal year 2022 · micro schema · 22 days late
2022
31-08
NBB filing Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
2021
31-12
Financial Liquidity doublescurrent ratio 1.86
Current ratio from 0.83 to 1.86; short-term debt falls from €46,744 to €7,329.
18-08
NBB filing Annual accounts filed
fiscal year 2020 · micro schema · 18 days late
2020
30-09
NBB filing Annual accounts filed
fiscal year 2019 · micro schema · 61 days late
2019
31-12
Financial Back to profitnet €24,524
Net result €24,524 after one loss-making year.
31-07
NBB filing Annual accounts filed
fiscal year 2018 · micro schema
2018
27-07
NBB filing Annual accounts filed
fiscal year 2017 · micro schema
2017
22-06
NBB filing Annual accounts filed
fiscal year 2016 · micro schema
2016
29-08
NBB filing Annual accounts filed
fiscal year 2015 · abbreviated schema · 29 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 10 acts read
About the unread acts

We know of 10 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
10 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, Manage · 1 establishment unit since 2005
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.

Rue Sainte Catherine 577170 Manage
1 establishment unit
AV-NF
Rue Sainte Catherine 57, 7170 ManageRaising of dairy cattle
since 20052.149.703.508

Similar companies · same sector, comparable size

Of 8,576 companies in sector 43410 we hold annual accounts for 4,368. 3,386 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
Founded22-09-2005
Fiscal year end31-12
Activities, NACEBEL 2025
43410Roofing work
25401Forging of metal
46820Wholesale trade
Contact
E-mail Avnf.bvba@gmail.com
E-invoicing
Reachable via Peppol
Peppol ID 0208:0876200010
Also 9925:BE0876200010
Registered 02-09-2025

Register as of 27 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.