AV Welding
ActiveThe computed 12-month bankruptcy probability of AV Welding is 2.5% (moderate). The 2025 annual accounts show equity of €47k and a net result of €20k. Equity is growing by ~45.9% per year across the filed fiscal years. Its solvency ranks better than 34% of 1887 sector peers (fiscal year 2025). The company has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
55
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability84▲+8
Solvency55=
Growth78▲+26
Track record94
Bankruptcy probability, 12 months
2.5%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €2.5k at 30 days acceptable
Liquidity tight (current ratio 1.36 against 0.88 in 2024; short-term debt: 48.8% and cash: 5.6% of total assets), and 69.9% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 25
Relative position
BE, all sectors
reference
Sector 25
higher
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
30.1%
Return on assets
12.6%
Age of the figures
9 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 01-07-2026, 30 days ahead of the deadline.
NBB · 3 filingsDeviation from the deadline
2025
30 d early
2024
9 d early
2023
28 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
17-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Turnover
€250k
EBIT margin
9.9%
Net result
€20k▲ 257%
2024 · €5k
2023: €18k
2024: €5k
2023 → 2025
Working capital
€28k
2024 · €-6k
2023: €-12k
2024: €-6k
2023 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line202320242025Trend
Turnover€250k-
Equity€22k-€27k▲ 25.1%€47k▲ 71.7%
Operating result€25k-€9k▼ 64.9%€28k▲ 223%
Net result€18k-€5k▼ 69.0%€20k▲ 257%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 223% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €156k
Fixed assets
€52k▲ 19.3%
Current assets
€104k▲ 124%
Equity and liabilities €156k
Equity
€47k▲ 71.7%
Debt
€109k▲ 74.1%
The debt ratio rises from 69.6% to 69.9%. Equity and debt are higher.
Key figures and ratios
EBITDA
€54k▲
2024 · €31k
Cash flow
€45k▲
2024 · €27k
Solvency
30.1%▼
2024 · 30.4%
Current ratio
1.36▲
2024 · 0.88
Quick ratio
1.20▲
2024 · 0.77
Debt / equity
2.32▲
2024 · 2.29
ROE
41.8%▲
2024 · 20.1%
ROA
12.6%▲
2024 · 6.1%
Interest coverage
21.18▼
2024 · 58.60
Debt
€109k▲
2024 · €63k
Debt ≤ 1 year
€76k▲
2024 · €52k
Debt > 1 year
€33k▲
2024 · €10k
Income taxes
€6k▲
2024 · €3k
Staff costs
€48k
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 · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€90k€156k▲
Fixed assets21/28€44k€52k▲
Intangible fixed assets21€5k€3k▼
Tangible fixed assets22/27€38k€48k▲
Plant, machinery and equipment23€11k€5k▼
Furniture and vehicles24€15k€7k▼
Leasing and similar rights25-€26k
Other tangible fixed assets26€12k€10k▼
Current assets29/58€46k€104k▲
Stocks and contracts in progress3€6k€13k▲
Stocks30/36€6k€973▼
Contracts in progress37-€12k
Amounts receivable within one year40/41€40k€82k▲
Trade receivables40€40k€82k▲
Other amounts receivable41€105€103▼
Cash at bank and in hand54/58€182€9k▲
Deferred charges and accrued income490/1€44€529▲
Equity and liabilities
Total equity and liabilities10/49€90k€156k▲
Equity10/15€27k€47k▲
Contributions10/11€5k€5k=
Reserves13€22k€42k▲
Distributable reserves133€22k€42k▲
Profit (loss) carried forward14€0-
Amounts payable17/49€63k€109k▲
Amounts payable after more than one year17€10k€33k▲
Financial debts170/4€10k€33k▲
Amounts payable within one year42/48€52k€76k▲
Current portion of amounts payable after more than one year42€11k€17k▲
Financial debts43-€6k
Credit institutions430/8-€6k
Trade debts44€25k€31k▲
Suppliers440/4€25k€31k▲
Taxes, remuneration and social security45€10k€18k▲
Taxes450/3€7k€12k▲
Remuneration and social security454/9€2k€5k▲
Other amounts payable47/48€7k€5k▼
Accrued charges and deferred income492/3€177€0▼
Income statement
Code20242025
Remuneration, social security and pensions62-€48k
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€22k€26k▲
Other operating charges640/8€1k€2k▲
Gross operating margin9900€32k€103k▲
Operating profit (loss)9901€9k€28k▲
Financial income75/76B€0€4▲
Recurring financial income75€0€4▲
Financial charges65/66B€521€3k▲
Recurring financial charges65€521€3k▲
Profit (loss) for the period before taxes9903€8k€25k▲
Income taxes67/77€3k€6k▲
Profit (loss) for the period9904€5k€20k▲
Profit (loss) for the period to be appropriated9905€5k€20k▲
Appropriation of the result
Profit (loss) to be appropriated9906€5k€20k▲
Transfer to equity691/2€5k€20k▲
To other reserves6921€5k€20k▲
Profit to be distributed694/7€0-
Return on contributions (dividend)694€0-
The notes to these accounts (14 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
01-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Highest result since 2023net €20k ▲257%
Operating result €28k, net result €20k, both a record.
22-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Weakest financial yearnet €5k ▼69%
Net result drops to €5k, the lowest in the series; recovery starts the following year.
03-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
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, Ronse · 2 establishment units since 2022
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.
Kapellestraat 529600 RonseGround area
4,646 m²
Building footprint
227 m²
Volume, LiDAR
1,416 m³
2 parcels, Flanders, Wallonia · tallest building 9.4 m, ±2 floors. Linked by address, not a title deed.
2 establishment units
AV Welding
since 20222.335.685.863
AV Welding
since 20232.360.022.866
2 parcels
Flanders
1
(50%)
Wallonia
1
(50%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 51046C0423/00D000 | Wallonia | 4,474 m² | 1 · 169 m² | 8.6 m · 2 fl. |
| 45041A0129/00R004 | Flanders | 172 m² | 1 · 58 m² | 9.4 m · 2 fl. |
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.
Public money · subsidies and aid
Flemish government
2025 · 1 entry · 171 EUR awarded · 171 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 171 EUR | 171 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 908 companies in sector 25120 we hold annual accounts for 677. 375 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded21-09-2022
Fiscal year end31-12
Activities, NACEBEL
25120Manufacture of fabricated metal products, except machinery and equipment
25530Machining of metals
25999Manufacture of fabricated metal products, except machinery and equipment
43320Joinery installation
Sources
Crossroads Bank for EnterprisesNational Bank · 3 filingsAddress and cadastre registers
Data from official sources, last processed on 17-09-2026. Scores and ratios are computed by Checked and are not a credit decision.