AVAGON
ActiveSummary
The computed 12-month bankruptcy probability of AVAGON is 4.7% (elevated). The 2025 annual accounts show negative equity (-€31,113) and a net result of -€24,950. Its solvency ranks better than 6% of 1577 sector peers (fiscal year 2025). The company has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability0=
Solvency0=
Growth32
Track record82
Bankruptcy probability, 12 months
4.7%
Elevated
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.25 against 0.33 in 2024; short-term debt: 228.1% and cash: 28.2% of total assets), and equity is negative.
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Signals
Five signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Young company
A young company has little track record yet and statistically fails more often than an established one.
KBO · incorporation dateAge against the risk zone
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 2025Solvency, return and age of the figures
Solvency
-128.1%
Return on assets
-102.7%
Age of the figures
15 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 10
Relative position
BE, all sectors
reference
Manufacture of food products (NACE 10)
about 60% more bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
2425
2024 to 2025 · latest year -€31,113
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 22-11-2025, 70 days ahead of the deadline.
NBB · 2 filingsDeviation from the deadline
2025
70 d early
2024
64 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 2 accounts on average 67 days before the deadline; the sector median for financial year 2024 is 5 days before the deadline, and 38% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close28-09-2026 today31-01-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
-€31,113▼ 405%
2024 · -€6,163
Total assets
€24,297▲ 102%
2024 · €12,001
Net result
-€24,950▼ 206%
2024 · -€8,163
Working capital
-€41,792▼ 246%
2024 · -€12,083
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 10, Manufacture of food products, 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
Line20242025
Operating result-€8,142--€24,873▼ 206%
Net result-€8,163below the sector's middle half--€24,950below the sector's middle half▼ 206%
Equity-€6,163below the sector's middle half--€31,113below the sector's middle half▼ 405%
Total assets€12,001below the sector's middle half-€24,297below the sector's middle half▲ 102%
Debt€18,165-€55,410▲ 205%
Working capital-€12,083within the sector's middle half--€41,792below the sector's middle half▼ 246%
Solvency-51.4%below the sector's middle half--128.1%below the sector's middle half▼ 76.7pp
Current ratio0.33below the sector's middle half-0.25below the sector's middle half▼ 0.09
Return on assets (ROA)-68.0%below the sector's middle half--102.7%below the sector's middle half▼ 34.7pp
above
within
below
the middle half (P25 to P75) of NACE 10, Manufacture of food products, 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
The operating result stays negative: a loss of €24,873 in 2025 against €8,142 in 2024; the loss grows.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €24,297
Fixed assets
€10,679 ▲ 80.4%
Current assets
€13,618 ▲ 124%
Key figures and ratios
EBITDA
-€23,169▼
2024 · -€7,999
Cash flow
-€23,245▼
2024 · -€8,021
Quick ratio
0.15▼
2024 · 0.17
Debt to equity
-1.78▲
2024 · -2.95
Interest coverage
-241.24▲
2024 · -367.26
Debt ≤ 1 year
€55,410▲
2024 · €18,165
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 7,657 companies that looked in July 2024 the way this one looks now, 8.2% went bankrupt within 24 months and 84% are still going.
- Micro
- 2 to 5 years old
- negative equity
- a loss of 10% of the balance sheet or more
8.2%
went bankrupt
5.3%
stopped otherwise
84%
still going
A further 2.0% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 4.7% 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 497,662 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% | 1.7% |
| 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 75% 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 7,657 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 | 2024 | 2025 | Change |
|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €143 | €1,704 | ▲ 1,094% |
| Other operating charges640/8 | - | €505 | - |
| Gross operating margin9900 | -€7,999 | -€22,664 | ▼ 183% |
| Operating profit (loss)9901 | -€8,142 | -€24,873 | ▼ 206% |
| Financial income75/76B | €0 | €20 | ▲ 197,800% |
| Recurring financial income75 | €0 | €20 | ▲ 197,800% |
| Financial charges65/66B | €22 | €96 | ▲ 341% |
| Recurring financial charges65 | €22 | €96 | ▲ 341% |
| Profit (loss) for the period before taxes9903 | -€8,163 | -€24,950 | ▼ 206% |
| Profit (loss) for the period9904 | -€8,163 | -€24,950 | ▼ 206% |
| Profit (loss) for the period to be appropriated9905 | -€8,163 | -€24,950 | ▼ 206% |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €12,001 | €24,297 | ▲ 102% |
| Fixed assets21/28 | €5,920 | €10,679 | ▲ 80.4% |
| Intangible fixed assets21 | €5,920 | €5,314 | ▼ 10.2% |
| Tangible fixed assets22/27 | - | €5,365 | - |
| Plant, machinery and equipment23 | - | €5,060 | - |
| Furniture and vehicles24 | - | €305 | - |
| Current assets29/58 | €6,082 | €13,618 | ▲ 124% |
| Stocks and contracts in progress3 | €2,955 | €5,096 | ▲ 72.5% |
| Stocks30/36 | €2,955 | €5,096 | ▲ 72.5% |
| Amounts receivable within one year40/41 | €395 | €1,676 | ▲ 325% |
| Trade receivables40 | €165 | €165 | = |
| Other amounts receivable41 | €230 | €1,511 | ▲ 557% |
| Cash at bank and in hand54/58 | €2,732 | €6,847 | ▲ 151% |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €12,001 | €24,297 | ▲ 102% |
| Equity10/15 | -€6,163 | -€31,113 | ▼ 405% |
| Contributions10/11 | €2,000 | €2,000 | = |
| Profit (loss) carried forward14 | -€8,163 | -€33,113 | ▼ 306% |
| Amounts payable17/49 | €18,165 | €55,410 | ▲ 205% |
| Amounts payable within one year42/48 | €18,165 | €55,410 | ▲ 205% |
| Trade debts44 | €165 | €410 | ▲ 149% |
| Suppliers440/4 | €165 | €410 | ▲ 149% |
| Other amounts payable47/48 | €18,000 | €55,000 | ▲ 206% |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | -€8,163 | -€24,950 | ▼ 206% |
| + Depreciation and write-downs630 | €143 | €1,704 | ▲ 1,094% |
| Operating cash flow (approximation) | -€8,021 | -€23,245 | ▼ 190% |
| Investment in fixed assets (approximation) | - | -€6,463 | - |
| Change in cash | - | €4,114 | - |
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 2026, expected by
2025
22-11
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2024
28-11
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
NBB filing
Directors · office · real estate
Directors
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
Location & real-estate footprint
Registered office, Vosselaar · 1 establishment unit since 2024
Ground area
635 m²
Building footprint
221 m²
Volume, LiDAR
898 m³
Parcel 13046C0255/00Z000, Flanders · tallest building 7.9 m, ±1 floor. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
AVAGON
since 20242.353.613.245
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 13046C0255/00Z000 | Flanders | 635 m² | 1 · 221 m² | 7.9 m · 1 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.
Recognitions · licences · registrations
Food safety, FASFC
1 siteVosselaar2.353.613.245
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This company's figures show no positive equity and no headcount, so a size comparison is not possible. These companies share only the sector and the region. Of 87 companies in sector 10860 we hold annual accounts for 47. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded27-12-2023
Fiscal year end30-06
Activities, NACEBEL 2025
10860Manufacture of food products
20420Manufacture of chemicals and chemical products
46170Agents in the wholesale of food, beverages and tobacco
47120Other non-specialised retail sale
47750Retail sale of cosmetics and toilet articles
72109Other research and development on natural sciences
Contact
E-mail
wim@avagon.beVosselaar
Phone
+32477720965Vosselaar
E-invoicing
Reachable via Peppol
Peppol ID
0208:1003945644
Also
9925:BE1003945644
Registered
22-01-2024
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.