AVAK DECORATION
ActiveAVAK DECORATION has been active since 1991 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €257k and a net result of €14k. Equity is growing by ~12.6% per year across the filed fiscal years. Its solvency ranks better than 80% of 290 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2024
83
/ 100
Excellent
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability74▲+1
Solvency100=
Growth78=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €21k at 30 days acceptable
Liquidity ample (current ratio 4.72 against 4.18 in 2023; short-term debt: 21% and cash: 19% of total assets), and 21% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 13
Relative position
BE, all sectors
reference
Sector 13
lower
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
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 11-07-2025, 20 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
20 d early
2023
5 d early
2022
3 d early
2021
39 d early
2020
31 d early
2019
35 d early
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Equity
€257k▲ 5.9%
2023 · €242k
2018: €141k
2019: €142k
2020: €142k
2021: €166k
2022: €231k
2023: €242k
2018 → 2024
Total assets
€325k▲ 2.6%
2023 · €317k
2018: €258k
2019: €248k
2020: €245k
2021: €231k
2022: €306k
2023: €317k
2018 → 2024
Net result
€14k▲ 22.6%
2023 · €12k
2018: €2k
2019: €1k
2020: €339
2021: €24k
2022: €65k
2023: €12k
2018 → 2024
Working capital
€253k▲ 7.4%
2023 · €236k
2018: €110k
2019: €134k
2020: €163k
2021: €163k
2022: €224k
2023: €236k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€142k-€166k▲ 16.8%€231k▲ 39.0%€242k▲ 5.0%€257k▲ 5.9%
Operating result€810-€25k▲ 2,936%€73k▲ 196%€17k▼ 77.2%€20k▲ 20.5%
Net result€339-€24k▲ 6,944%€65k▲ 171%€12k▼ 82.0%€14k▲ 22.6%
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 2024; 2024 is 21% above 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €325k
Fixed assets
€3k▼ 48.3%
Current assets
€321k▲ 3.6%
Equity and liabilities €325k
Equity
€257k▲ 5.9%
Debt
€68k▼ 8.3%
The debt ratio falls from 23.4% to 21.0%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€23k▲
2023 · €20k
Cash flow
€17k▲
2023 · €15k
Solvency
79.0%▲
2023 · 76.6%
Current ratio
4.72▲
2023 · 4.18
Quick ratio
3.04▲
2023 · 2.80
Debt / equity
0.27▼
2023 · 0.31
ROE
5.6%▲
2023 · 4.8%
ROA
4.4%▲
2023 · 3.7%
Interest coverage
60.87▲
2023 · 39.15
Debt
€68k▼
2023 · €74k
Debt ≤ 1 year
€68k▼
2023 · €74k
Income taxes
€5k▲
2023 · €5k
Staff costs
€99k▲
2023 · €98k
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€317k€325k▲
Fixed assets21/28€6k€3k▼
Tangible fixed assets22/27€6k€3k▼
Plant, machinery and equipment23€5k€3k▼
Furniture and vehicles24€2k€0▼
Current assets29/58€310k€321k▲
Stocks and contracts in progress3€102k€115k▲
Stocks30/36€102k€115k▲
Amounts receivable within one year40/41€71k€94k▲
Trade receivables40€63k€84k▲
Other amounts receivable41€8k€10k▲
Current investments50/53-€50k
Cash at bank and in hand54/58€133k€62k▼
Deferred charges and accrued income490/1€4k€782▼
Equity and liabilities
Total equity and liabilities10/49€317k€325k▲
Equity10/15€242k€257k▲
Contributions10/11€262k€262k=
Profit (loss) carried forward14€-20k€-5k▲
Amounts payable17/49€74k€68k▼
Amounts payable within one year42/48€74k€68k▼
Current portion of amounts payable after more than one year42€0-
Trade debts44€23k€33k▲
Suppliers440/4€23k€33k▲
Taxes, remuneration and social security45€26k€27k▲
Taxes450/3€11k€13k▲
Remuneration and social security454/9€15k€14k▼
Other amounts payable47/48€25k€8k▼
Accrued charges and deferred income492/3€0-
Income statement
Code20232024
Non-recurring operating income76A€0-
Remuneration, social security and pensions62€98k€99k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€4k€3k▼
Other operating charges640/8€3k€3k▼
Gross operating margin9900€122k€125k▲
Operating profit (loss)9901€17k€20k▲
Financial income75/76B€150€109▼
Recurring financial income75€150€109▼
Financial charges65/66B€519€380▼
Recurring financial charges65€519€380▼
Profit (loss) for the period before taxes9903€16k€20k▲
Income taxes67/77€5k€5k▲
Profit (loss) for the period9904€12k€14k▲
Profit (loss) for the period to be appropriated9905€12k€14k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-20k€-5k▲
Profit (loss) brought forward from the previous period14P€-31k€-20k▲
The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
11-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
26-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
28-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Highest result since 2018net €65k ▲171%
Operating result €73k, net result €65k, both a record.
31-12
Financial
Equity above €200kEq €231k ▲39%
5 profitable years in a row build equity to €231k.
22-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Equity above €150kEq €166k ▲16.8%
4 profitable years in a row build equity to €166k.
30-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Weakest financial yearnet €339 ▼70.8%
Net result drops to €339, the lowest in the series; recovery starts the following year.
26-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
27-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
22-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
30-06
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
2016
23-06
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
5 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, Zaventem · 1 establishment unit since 1991
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.
Nijverheidsstraat 71930 ZaventemGround area
791 m²
Building footprint
609 m²
Volume, LiDAR
3,773 m³
Parcel 23094D0356/00K003, Flanders · tallest building 7.5 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Nijverheidsstraat 7, 1930 Zaventem
since 19912.053.193.951
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23094D0356/00K003 | Flanders | 791 m² | 1 · 609 m² | 7.5 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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SCREEN SERVICE
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TARDEL
BE 0418.754.641
Kortrijk · Eq €262k
Ververijen Escotex
BE 0401.071.442
Deinze · Eq €249k
NYMPHEA
BE 0627.703.925
Mouscron · Eq €249k
VERAMTEX
BE 0425.291.946
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Of 755 companies in sector 13300 we hold annual accounts for 160. 113 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded15-05-1991
Fiscal year end31-12
Activities, NACEBEL
13300Finishing of textiles
13929Manufacture of textiles
17402
Sources
Crossroads Bank for EnterprisesNational Bank · 32 filingsAddress and cadastre registers
Data from official sources, last processed on 22-09-2026. Scores and ratios are computed by Checked and are not a credit decision.