AVADO
ActiveSummary
AVADO has been active since 2015 and the Belgian State Gazette contains no insolvency or warning signals. The 2026 annual accounts show equity of €62,700 and a net result of €63,834. Equity remains stable across the filed fiscal years (±0% per year). Its solvency ranks better than 50% of 144 sector peers (fiscal year 2026). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2026
Axes · tick = 2025
Profitability100=
Solvency72▲+5
Growth78=
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €5,000 at 30 days acceptable
Liquidity ample (current ratio 1.87 against 1.71 in 2025; short-term debt: 52.9% and cash: 67.9% of total assets), but 52.9% of the assets are financed with debt.
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Signals
Three 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 46
Relative position
BE, all sectors
reference
Wholesale trade (NACE 46)
about 21% more bankruptcies
← 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 2026Solvency, return and age of the figures
Solvency
47.1%
Return on assets
47.9%
Age of the figures
3 mo
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2026 was due by 31-01-2027 and was filed on 16-09-2026, 137 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2026
137 d early
2025
61 d early
2024
57 d early
2023
75 d early
2022
88 d early
2021
3 d early
2020
41 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 66 days before the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 39% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-06-2027 and is due by 31-01-2028. Nothing is late today.
Companies Code · seven monthsPosition in the running window
27-09-2026 today30-06-2027 close31-01-2028 deadline
History
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Financials · fiscal year 2026, abbreviated schema
Equity
€62,700=
2025 · €62,700
Total assets
€133,258▼ 10.3%
2025 · €148,575
Net result
€63,834▼ 2.0%
2025 · €65,140
Working capital
€61,546▲ 1.8%
2025 · €60,462
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
Line20222023202420252026
Operating result€53,956▲ 46.2%€91,481▲ 69.5%€32,828▼ 64.1%€83,430▲ 154%€81,829▼ 1.9%
Net result€41,420▲ 64.8%€72,286▲ 74.5%€23,874▼ 67.0%€65,140▲ 173%€63,834▼ 2.0%
Equity€135,844▲ 54.0%€146,486▲ 7.8%€62,700▼ 57.2%€62,700=€62,700=
Total assets€141,934▲ 37.3%€158,475▲ 11.7%€100,876▼ 36.3%€148,575▲ 47.3%€133,258▼ 10.3%
Debt€6,091▼ 59.7%€11,989▲ 96.8%€38,176▲ 218%€85,875▲ 125%€70,558▼ 17.8%
Working capital€127,762▲ 47.6%€138,020▲ 8.0%€57,019▼ 58.7%€60,462▲ 6.0%€61,546▲ 1.8%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2026; 2026 is 2% below 2025.
Balance-sheet composition
2026 in colour, 2025 as the grey bar beneath
Assets €133,258
Fixed assets
€1,154 ▼ 53.6%
Current assets
€132,103 ▼ 9.6%
Equity and liabilities €133,258
Equity
€62,700 =
Debt
€70,558 ▼ 17.8%
Debt's share of the balance-sheet total falls from 57.8% to 52.9%. Debt is lower.
Key figures and ratios
EBITDA
€83,162▼
2025 · €86,874
Cash flow
€65,168▼
2025 · €68,583
Current ratio
1.87▲
2025 · 1.71
Debt to equity
1.13▼
2025 · 1.37
ROE
101.8%▼
2025 · 103.9%
ROA
47.9%▲
2025 · 43.8%
Interest coverage
635.02▼
2025 · 659.74
Debt ≤ 1 year
€70,558▼
2025 · €85,625
Income taxes
€18,019▼
2025 · €18,269
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 34,672 companies that looked in July 2024 the way this one looks now, 0.6% went bankrupt within 24 months and 95% are still going.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.6%
went bankrupt
3.9%
stopped otherwise
95%
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 0.6% 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 34,672 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 | 2022 | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,497 | €3,837 | €3,934 | €3,444 | €1,334 | ▼ 61.3% |
| Other operating charges640/8 | €546 | €648 | €1,232 | €1,219 | €1,054 | ▼ 13.5% |
| Gross operating margin9900 | €55,998 | €95,966 | €37,994 | €88,093 | €84,216 | ▼ 4.4% |
| Operating profit (loss)9901 | €53,956 | €91,481 | €32,828 | €83,430 | €81,829 | ▼ 1.9% |
| Financial income75/76B | €54 | €986 | €432 | €110 | €155 | ▲ 41.8% |
| Recurring financial income75 | €54 | €986 | €432 | €110 | €155 | ▲ 41.8% |
| Financial charges65/66B | €307 | €105 | €104 | €132 | €131 | ▼ 0.5% |
| Recurring financial charges65 | €307 | €105 | €104 | €132 | €131 | ▼ 0.5% |
| Profit (loss) for the period before taxes9903 | €53,703 | €92,362 | €33,156 | €83,408 | €81,853 | ▼ 1.9% |
| Income taxes67/77 | €12,283 | €20,076 | €9,282 | €18,269 | €18,019 | ▼ 1.4% |
| Profit (loss) for the period9904 | €41,420 | €72,286 | €23,874 | €65,140 | €63,834 | ▼ 2.0% |
| Profit (loss) for the period to be appropriated9905 | €41,420 | €72,286 | €23,874 | €65,140 | €63,834 | ▼ 2.0% |
| Line | 2022 | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €141,934 | €158,475 | €100,876 | €148,575 | €133,258 | ▼ 10.3% |
| Fixed assets21/28 | €8,331 | €8,716 | €5,931 | €2,488 | €1,154 | ▼ 53.6% |
| Tangible fixed assets22/27 | €8,331 | €8,716 | €5,931 | €2,488 | €1,154 | ▼ 53.6% |
| Furniture and vehicles24 | €8,331 | €8,716 | €5,931 | €2,488 | €1,154 | ▼ 53.6% |
| Current assets29/58 | €133,603 | €149,759 | €94,944 | €146,087 | €132,103 | ▼ 9.6% |
| Amounts receivable within one year40/41 | €17,625 | €63,528 | €45,281 | €71,567 | €41,592 | ▼ 41.9% |
| Trade receivables40 | €7,076 | €37,707 | €39,538 | €69,815 | €37,517 | ▼ 46.3% |
| Other amounts receivable41 | €10,549 | €25,820 | €5,743 | €1,752 | €4,075 | ▲ 133% |
| Cash at bank and in hand54/58 | €115,339 | €85,245 | €49,234 | €73,738 | €90,511 | ▲ 22.7% |
| Deferred charges and accrued income490/1 | €638 | €986 | €430 | €782 | €0 | ▼ 100% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €141,934 | €158,475 | €100,876 | €148,575 | €133,258 | ▼ 10.3% |
| Equity10/15 | €135,844 | €146,486 | €62,700 | €62,700 | €62,700 | = |
| Contributions10/11 | €12,400 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €123,444 | €127,886 | €44,100 | €44,100 | €44,100 | = |
| Distributable reserves133 | €123,444 | €127,886 | €44,100 | €44,100 | €44,100 | = |
| Profit (loss) carried forward14 | - | €0 | €0 | €0 | €0 | - |
| Amounts payable17/49 | €6,091 | €11,989 | €38,176 | €85,875 | €70,558 | ▼ 17.8% |
| Amounts payable within one year42/48 | €5,841 | €11,739 | €37,926 | €85,625 | €70,558 | ▼ 17.6% |
| Trade debts44 | €1,466 | €2,197 | €1,735 | €2,019 | €0 | ▼ 100% |
| Suppliers440/4 | €1,466 | €2,197 | €1,735 | €2,019 | €0 | ▼ 100% |
| Taxes, remuneration and social security45 | €4,375 | €9,542 | €12,317 | €18,466 | €6,723 | ▼ 63.6% |
| Taxes450/3 | €4,375 | €6,792 | €9,567 | €18,466 | €6,723 | ▼ 63.6% |
| Remuneration and social security454/9 | €0 | €2,750 | €2,750 | €0 | - | - |
| Other amounts payable47/48 | - | - | €23,874 | €65,140 | €63,834 | ▼ 2.0% |
| Accrued charges and deferred income492/3 | €250 | €250 | €250 | €250 | €0 | ▼ 100% |
| Line | 2022 | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €41,420 | €72,286 | €23,874 | €65,140 | €63,834 | ▼ 2.0% |
| + Depreciation and write-downs630 | €1,497 | €3,837 | €3,934 | €3,444 | €1,334 | ▼ 61.3% |
| Operating cash flow (approximation) | €42,916 | €76,123 | €27,808 | €68,583 | €65,168 | ▼ 5.0% |
| Investment in fixed assets (approximation) | - | -€4,221 | -€1,149 | €0 | €0 | - |
| Change in cash | - | -€30,094 | -€36,012 | €24,505 | €16,773 | ▼ 31.6% |
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
Next filing, fiscal year 2027, expected by
2026
16-09
NBB filing
Annual accounts filed
fiscal year 2026 · abbreviated schema
2025
01-12
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2024
05-12
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2023
17-11
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
30-06
Financial
Highest result since 2019net €72,286 ▲74.5%
Operating result €91,481, net result €72,286, both a record.
2022
04-11
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
30-06
Financial
Liquidity triplescurrent ratio 22.87
Current ratio from 6.82 to 22.87; short-term debt falls from €14,880 to €5,841.
30-06
Financial
Equity above €100,000Eq €135,844 ▲54%
4 profitable years in a row build equity to €135,844.
28-01
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2020
21-12
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
30-06
Financial
Weakest financial yearnet €1,925 ▼89.9%
Net result drops to €1,925, the lowest in the series; recovery starts the following year.
27-01
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
10-01
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
10-01
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 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
2 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, Brugge · 1 establishment unit since 2015
Ground area
165 m²
Building footprint
98 m²
Volume, LiDAR
625 m³
Parcel 31808K0740/00D003, Flanders · tallest building 10.6 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
AVADO
since 20152.244.558.422
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 31808K0740/00D003 | Flanders | 165 m² | 1 · 97 m² | 10.6 m · 2 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.
Similar companies · same sector, comparable size
THORP
BE 0771.603.227
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BE 0742.501.940
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ELAIR
BE 0747.479.426
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Laura Delcourt
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DEPOTTE INVEST
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Of 4,414 companies in sector 46180 we hold annual accounts for 1,887. 1,387 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
Founded05-08-2015
Fiscal year end30-06
Activities, NACEBEL 2025
46180Agents specialised in the wholesale of other particular products
20140Manufacture of chemicals and chemical products
20411Manufacture of chemicals and chemical products
20420Manufacture of chemicals and chemical products
46190Agents in non-specialised wholesale trade
46450Wholesale of perfume and cosmetics
47789Other retail sale of new goods
64210Activities of holding companies
66300Activities auxiliary to financial services and insurance activities
68110Buying and selling of own real estate
68201Renting and operating of own or leased residential real estate, excluding social housing
E-invoicing
Reachable via Peppol
Peppol ID
0208:0634877470
Also
9925:BE0634877470
Registered
16-12-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.