AVALON
InactiveAVALON was declared bankrupt on 19-09-2023 (Ondernemingsrechtbank Antwerpen, afdeling Turnhout); the bankruptcy was closed for insufficient assets by judgment of 23-04-2024, published in the Belgian State Gazette on 26-04-2024.
No longer registered with the KBO; last annual accounts for fiscal year 2021.
Signals
Four signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Two or more financial years not filed
Since the financial year that closed on 31-12-2022, 4 financial years are missing at the National Bank. A company this far behind goes bankrupt within the year nineteen times as often as a punctual filer.
NBB · 10 filingsPosition against the passed deadline
31-12-2022 close31-07-2023 deadline22-09-2026 today
neutral · Filed after the deadline
The financial year that closed on 31-12-2021 was due by 31-07-2022 and was filed on 17-10-2022, 78 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
not filed
2021
78 d late
2019
27 d late
2018
31 d late
← before the deadline
after the deadline →
Financials · fiscal year 2021, micro schema
Equity
€35k▲ 46.8%
2019 · €24k
2018: €14k
2019: €24k
2018 → 2021
Total assets
€45k▲ 6.3%
2019 · €42k
2018: €15k
2019: €42k
2018 → 2021
Net result
€2k▼ 46.9%
2019 · €5k
2019: €5k
2019 → 2021
Working capital
€35k▲ 87.6%
2019 · €18k
2019: €18k
2019 → 2021
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line201820192021Trend
Equity€14k-€24k▲ 69.6%€35k▲ 46.8%
Operating result€6k€608▼ 90.0%
Net result€5k€2k▼ 46.9%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result is €608 in 2021, compared with €6k in 2019. Comparable figures for the intervening years are unavailable.
Balance-sheet composition
2021 in colour, 2019 as the grey bar beneath
Assets €45k
Fixed assets
€800▼ 87.8%
Current assets
€44k▲ 23.7%
Equity and liabilities €45k
Equity
€35k▲ 46.8%
Debt
€9k▼ 48.7%
The debt ratio falls from 42.4% to 20.5%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€1k▼
2019 · €11k
Cash flow
€3k▼
2019 · €10k
Solvency
79.5%▲
2019 · 57.6%
Current ratio
4.80▲
2019 · 2.09
Quick ratio
4.80▲
2019 · 2.09
Debt / equity
0.26
ROE
6.9%▼
2019 · 18.9%
ROA
5.4%▼
2019 · 10.9%
Interest coverage
11.13
Debt
€9k▼
2019 · €18k
Debt ≤ 1 year
€9k▼
2019 · €17k
Income taxes
€809▼
2019 · €2k
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 · 2021 against 2019
Balance sheet
Code20192021
Assets
Total assets20/58€42k€45k▲
Fixed assets21/28€7k€800▼
Tangible fixed assets22/27€7k€800▼
Plant, machinery and equipment23-€800
Current assets29/58€35k€44k▲
Amounts receivable within one year40/41€28k€43k▲
Other amounts receivable41-€43k
Cash at bank and in hand54/58€7k€737▼
Deferred charges and accrued income490/1-€199
Equity and liabilities
Total equity and liabilities10/49€42k€45k▲
Equity10/15€24k€35k▲
Contributions10/11€94k€94k▲
Outside capital11-€94k
Other1109/19-€94k
Reserves13€5k€4k▼
Distributable reserves133-€4k
Profit (loss) carried forward14€-75k€-63k▲
Amounts payable17/49€18k€9k▼
Amounts payable within one year42/48€17k€9k▼
Trade debts44€13k€8k▼
Suppliers440/4-€8k
Taxes, remuneration and social security45-€1k
Taxes450/3-€1k
Income statement
Code20192021
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€5k€800▼
Other operating charges640/8-€895
Gross operating margin9900€12k€2k▼
Operating profit (loss)9901€6k€608▼
Financial income75/76B-€3k
Recurring financial income75€0€3k▲
Financial charges65/66B-€127
Recurring financial charges65€12€127▲
Profit (loss) for the period before taxes9903€6k€3k▼
Income taxes67/77€2k€809▼
Profit (loss) for the period9904€5k€2k▼
Profit (loss) for the period to be appropriated9905€5k€2k▼
Appropriation of the result
Profit (loss) to be appropriated9906-€-63k
Profit (loss) brought forward from the previous period14P-€-66k
The notes to these accounts (3 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2024
26-04
Bankruptcy
Bankruptcy closure (insufficient assets)
Ondernemingsrechtbank Antwerpen, afdeling Turnhout · AVALON NV ATEALAAN 34/A, 2200 HERENTALS · event 23-04-2024
2023
26-09
Bankruptcy
Opening
Ondernemingsrechtbank Antwerpen, afdeling Turnhout · AVALON NV ATEALAAN 34/A, 2200 HERENTALS · event 19-09-2023
2022
17-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 78 days late
2021
31-12
Financial
Liquidity doublescurrent ratio 4.80
Current ratio from 2.09 to 4.80; short-term debt falls from €17k to €9k.
2020
27-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 27 days late
2019
31-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 31 days late
2018
23-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 23 days late
2017
29-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 29 days late
2016
29-08
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 29 days late
2015
25-08
NBB filing
Annual accounts filed
fiscal year 2014 · abbreviated schema · 25 days late
2014
26-08
NBB filing
Annual accounts filed
fiscal year 2013 · abbreviated schema · 26 days late
2013
31-08
NBB filing
Annual accounts filed
fiscal year 2012 · abbreviated schema · 31 days late
2012
19-09
NBB filing
Annual accounts filed
fiscal year 2011 · abbreviated schema · 50 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
3 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
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.
Insolvency mandates
3 mandates| Role | Name | Tenure |
|---|---|---|
| Curator | KRISTOF BENIJTS LIERSEWEG 271-273,
2200 HERENTALS |
19-09-2023 → present |
| Curator | PHILIP SOMERS LIER-
SEWEG 271-273, 2200 HERENTALS |
19-09-2023 → present |
| Curator | VEERLE
VERHAEGEN STEENWEG OP ZEVENDONK 60, 2300 TURNHOUT- |
19-09-2023 → present |