AVALON
InactiveInactive; last annual accounts for fiscal year 2022.
Signals
1 signal. The signal on the left, the evidence on the right.
○neutral
neutral · Latest accounts filed on time
The financial year that closed on 22-12-2022 was due by 22-07-2023 and was filed on 23-01-2023, 180 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2022
180 d early
2021
48 d early
2020
72 d early
2019
42 d early
2018
41 d early
2017
27 d early
2016
45 d early
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 7 accounts on average 65 days before the deadline; the Belgian median for financial year 2022 is 3 days before the deadline, and 42% of all filings were late.
Checked, nothing found (1)
Financials · fiscal year 2022, abbreviated schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
-€100,324▲ 30.5%
2021 · -€144,328
Working capital
-€10.6m▼ 1.0%
2021 · -€10.5m
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
Line20182019202020212022
Operating result-€29,101--€14,424▲ 50.4%€6,312-€24,846-€9,182▲ 63.0%
Net result-€186,514-€2.5m-€105,784-€144,328▼ 36.4%-€100,324▲ 30.5%
Equity-€12.7m--€10.2m▲ 19.5%-€10.3m▼ 1.0%-€10.5m▼ 1.4%-€10.6m▼ 1.0%
Total assets€2.1m-€9,832▼ 99.5%€13,732▲ 39.7%€142,996▲ 941%€17,945▼ 87.5%
Debt€14.8m-€10.2m▼ 30.8%€10.3m▲ 1.1%€10.6m▲ 2.7%€10.6m▼ 0.2%
Working capital-€14.7m--€10.2m▲ 30.8%-€10.3m▼ 0.9%-€10.5m▼ 1.5%-€10.6m▼ 1.0%
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €9,182 in 2022 against €24,846 in 2021; the loss shrinks.
Key figures and ratios
Current ratio
0.00▼
2021 · 0.01
Debt to equity
-1.00▲
2021 · -1.01
ROA
-559.1%▼
2021 · -100.9%
Debt ≤ 1 year
€10.6m▼
2021 · €10.6m
A ratio outside any meaningful range has been withheld (balance sheet total €17,945, equity -€10.6m).
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|---|
| Goods, raw materials, services and sundry goods60/61 | - | - | - | €24,784 | €9,120 | ▼ 63.2% |
| Other operating charges640/8 | - | - | - | €62 | €62 | = |
| Gross operating margin9900 | - | - | - | -€24,784 | -€9,120 | ▲ 63.2% |
| Operating profit (loss)9901 | -€29,101 | -€14,424 | €6,312 | -€24,846 | -€9,182 | ▲ 63.0% |
| Recurring financial income75 | €963 | €3.0m | - | - | - | - |
| Financial charges65/66B | - | - | - | €119,481 | €91,142 | ▼ 23.7% |
| Recurring financial charges65 | €158,376 | €156,582 | €118,160 | €119,481 | €91,142 | ▼ 23.7% |
| Debt charges650 | €158,152 | €156,267 | €117,887 | - | - | - |
| Profit (loss) for the period before taxes9903 | -€186,514 | €2.5m | -€105,784 | -€144,328 | -€100,324 | ▲ 30.5% |
| Profit (loss) for the period9904 | -€186,514 | €2.5m | -€105,784 | -€144,328 | -€100,324 | ▲ 30.5% |
| Profit (loss) for the period to be appropriated9905 | -€186,514 | €2.5m | -€105,784 | -€144,328 | -€100,324 | ▲ 30.5% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €2.1m | €9,832 | €13,732 | €142,996 | €17,945 | ▼ 87.5% |
| Fixed assets21/28 | €2.1m | €1 | - | - | - | - |
| Financial fixed assets28 | €2.1m | €1 | - | - | - | - |
| Current assets29/58 | €13,255 | €9,831 | €13,732 | €142,996 | €17,945 | ▼ 87.5% |
| Amounts receivable within one year40/41 | €9,902 | €7,625 | - | €128,405 | - | - |
| Other amounts receivable41 | - | - | - | €128,405 | - | - |
| Cash at bank and in hand54/58 | €3,353 | €2,206 | €13,732 | €14,591 | €17,945 | ▲ 23.0% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €2.1m | €9,832 | €13,732 | €142,996 | €17,945 | ▼ 87.5% |
| Equity10/15 | -€12.7m | -€10.2m | -€10.3m | -€10.5m | -€10.6m | ▼ 1.0% |
| Contributions10/11 | €5.5m | €5.5m | €5.5m | €5.5m | €5.5m | = |
| Capital10 | - | - | - | €5.5m | €5.5m | = |
| Issued capital100 | - | - | - | €5.5m | €5.5m | = |
| Reserves13 | €141,385 | €141,385 | €141,385 | €141,385 | €141,385 | = |
| Non-distributable reserves130/1 | - | - | - | €91,196 | €91,196 | = |
| Legal reserve130 | - | - | - | €91,196 | €91,196 | = |
| Distributable reserves133 | - | - | - | €50,189 | €50,189 | = |
| Profit (loss) carried forward14 | -€18.3m | -€15.8m | -€15.9m | -€16.1m | -€16.2m | ▼ 0.6% |
| Amounts payable17/49 | €14.8m | €10.2m | €10.3m | €10.6m | €10.6m | ▼ 0.2% |
| Amounts payable within one year42/48 | €14.8m | €10.2m | €10.3m | €10.6m | €10.6m | ▼ 0.2% |
| Trade debts44 | €425,739 | €221,451 | €11,451 | €24,727 | - | - |
| Suppliers440/4 | - | - | - | €24,727 | - | - |
| Other amounts payable47/48 | - | - | - | €10.6m | €10.6m | = |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€186,514 | €2.5m | -€105,784 | -€144,328 | -€100,324 | ▲ 30.5% |
| Operating cash flow (approximation) | -€186,514 | €2.5m | -€105,784 | -€144,328 | -€100,324 | ▲ 30.5% |
| Investment in fixed assets (approximation) | - | €2.1m | - | - | - | - |
| Change in cash | - | -€1,146 | €11,525 | €860 | €3,354 | ▲ 290% |
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
2023
23-01
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
13-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
20-05
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
19-06
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
31-12
Financial
Back to profitnet €2.5m
Net result €2.5m after one loss-making year.
20-06
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
04-07
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
16-06
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
2016
13-06
NBB filing
Annual accounts filed
fiscal year 2015 · full schema
2015
16-06
NBB filing
Annual accounts filed
fiscal year 2014 · full schema
2014
30-09
NBB filing
Annual accounts filed
fiscal year 2013 · full schema · 61 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 15 acts read
About the unread acts
We know of 15 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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Structure & network
Owners and holdings
Owners 0
No owner stated in the accounts, acts or LEI register we read.
Stated earlier (1)
An older source named these owners; newer accounts no longer list them.
-
100%
Holdings 0
The accounts to 22-12-2022 list no holdings, and no other source names one.
According to the annual accounts to 22-12-2022 of AVALON and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.