AVALON PROJECTS
ActiveSummary
AVALON PROJECTS has been active since 2002 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €189,439 and a net result of €28,667. Equity is growing by ~3.4% per year across the filed fiscal years. Its solvency ranks better than 70% of 28184 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability81▲+1
Solvency90▼-10
Growth78=
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €15,000 at 30 days acceptable
Liquidity ample (current ratio 3.08 against 6.28 in 2024; short-term debt: 23.4% and cash: 59.5% of total assets), and 34.6% of the assets are financed with debt.
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Signals
Four 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 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← 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
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
65.4%
Return on assets
9.9%
Age of the figures
15 mo
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 16-12-2025, 46 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
46 d early
2024
46 d early
2023
16 d early
2022
35 d early
2021
47 d early
2020
41 d early
2019
39 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 39 days before the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% 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 close27-09-2026 today31-01-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€189,439▼ 8.0%
2024 · €206,009
Total assets
€289,789▲ 4.8%
2024 · €276,434
Net result
€28,667▲ 16.3%
2024 · €24,652
Working capital
€140,625▼ 12.2%
2024 · €160,118
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 43, Specialised construction activities, 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
Line20212022202320242025
Operating result€30,119▲ 229%€4,153▼ 86.2%-€1,597€36,450€42,547▲ 16.7%
Net result€20,455within the sector's middle half▲ 298%€1,933within the sector's middle half▼ 90.6%-€2,499below the sector's middle half€24,652within the sector's middle half€28,667within the sector's middle half▲ 16.3%
Equity€181,924above the sector's middle half▲ 12.7%€183,856above the sector's middle half▲ 1.1%€181,357above the sector's middle half▼ 1.4%€206,009above the sector's middle half▲ 13.6%€189,439above the sector's middle half▼ 8.0%
Total assets€270,806within the sector's middle half▲ 5.6%€270,628within the sector's middle half▼ 0.1%€258,201within the sector's middle half▼ 4.6%€276,434within the sector's middle half▲ 7.1%€289,789within the sector's middle half▲ 4.8%
Debt€88,882▼ 6.5%€86,771▼ 2.4%€76,844▼ 11.4%€70,426▼ 8.4%€100,349▲ 42.5%
Working capital€150,054▲ 13.6%€148,733▼ 0.9%€142,802▼ 4.0%€160,118▲ 12.1%€140,625▼ 12.2%
Solvency67.2%above the sector's middle half▲ 4.2pp67.9%above the sector's middle half▲ 0.8pp70.2%above the sector's middle half▲ 2.3pp74.5%above the sector's middle half▲ 4.3pp65.4%within the sector's middle half▼ 9.2pp
above
within
below
the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 17% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €289,789
Fixed assets
€81,444 ▼ 5.3%
Current assets
€208,344 ▲ 9.4%
Equity and liabilities €289,789
Equity
€189,439 ▼ 8.0%
Debt
€100,349 ▲ 42.5%
Debt's share of the balance-sheet total rises from 25.5% to 34.6%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€47,115▲
2024 · €40,806
Cash flow
€33,235▲
2024 · €29,008
Current ratio
3.08▼
2024 · 6.28
Debt to equity
0.53▲
2024 · 0.34
ROE
15.1%▲
2024 · 12.0%
ROA
9.9%▲
2024 · 8.9%
Interest coverage
32.55▲
2024 · 25.15
Debt ≤ 1 year
€67,719▲
2024 · €30,304
Debt > 1 year
€32,630▼
2024 · €40,121
Income taxes
€14,723▲
2024 · €11,938
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 31,324 companies that looked in July 2024 the way this one looks now, 0.4% went bankrupt within 24 months and 93% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.4%
went bankrupt
5.9%
stopped otherwise
93%
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 0.7% 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 497,058 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 31,324 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 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €4,288 | €3,690 | €3,690 | €4,357 | €4,568 | ▲ 4.8% |
| Other operating charges640/8 | - | €1,512 | €1,365 | €1,757 | €1,878 | ▲ 6.9% |
| Non-recurring operating charges66A | - | €993 | - | - | - | - |
| Gross operating margin9900 | €36,053 | €10,348 | €3,458 | €42,563 | €48,993 | ▲ 15.1% |
| Operating profit (loss)9901 | €30,119 | €4,153 | -€1,597 | €36,450 | €42,547 | ▲ 16.7% |
| Financial income75/76B | - | €775 | €1,213 | €1,763 | €2,290 | ▲ 29.9% |
| Recurring financial income75 | €959 | €775 | €1,213 | €1,763 | €2,290 | ▲ 29.9% |
| Financial charges65/66B | - | €1,880 | €1,782 | €1,623 | €1,447 | ▼ 10.8% |
| Recurring financial charges65 | €2,053 | €1,880 | €1,782 | €1,623 | €1,447 | ▼ 10.8% |
| Profit (loss) for the period before taxes9903 | €29,025 | €3,048 | -€2,165 | €36,589 | €43,390 | ▲ 18.6% |
| Income taxes67/77 | €8,570 | €1,115 | €334 | €11,938 | €14,723 | ▲ 23.3% |
| Profit (loss) for the period9904 | €20,455 | €1,933 | -€2,499 | €24,652 | €28,667 | ▲ 16.3% |
| Profit (loss) for the period to be appropriated9905 | €20,455 | €1,933 | -€2,499 | €24,652 | €28,667 | ▲ 16.3% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €270,806 | €270,628 | €258,201 | €276,434 | €289,789 | ▲ 4.8% |
| Fixed assets21/28 | €93,360 | €89,670 | €85,980 | €86,012 | €81,444 | ▼ 5.3% |
| Tangible fixed assets22/27 | €93,360 | €89,670 | €85,980 | €86,012 | €81,444 | ▼ 5.3% |
| Land and buildings22 | - | €89,670 | €85,980 | €82,290 | €78,600 | ▼ 4.5% |
| Plant, machinery and equipment23 | - | - | - | €3,722 | €2,190 | ▼ 41.2% |
| Furniture and vehicles24 | - | - | - | - | €654 | - |
| Current assets29/58 | €177,446 | €180,958 | €172,221 | €190,422 | €208,344 | ▲ 9.4% |
| Amounts receivable within one year40/41 | €76,156 | €76,760 | €92,934 | €83,972 | €35,619 | ▼ 57.6% |
| Trade receivables40 | - | €71,759 | €88,240 | €78,489 | €35,099 | ▼ 55.3% |
| Other amounts receivable41 | - | €5,001 | €4,694 | €5,482 | €520 | ▼ 90.5% |
| Cash at bank and in hand54/58 | €101,289 | €104,197 | €79,287 | €106,450 | €172,307 | ▲ 61.9% |
| Deferred charges and accrued income490/1 | - | - | - | - | €419 | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €270,806 | €270,628 | €258,201 | €276,434 | €289,789 | ▲ 4.8% |
| Equity10/15 | €181,924 | €183,856 | €181,357 | €206,009 | €189,439 | ▼ 8.0% |
| Contributions10/11 | - | €12,400 | €12,400 | €12,400 | €12,400 | = |
| Reserves13 | €169,524 | €171,456 | €171,456 | €193,609 | €177,039 | ▼ 8.6% |
| Non-distributable reserves130/1 | - | €1,860 | €1,860 | - | - | - |
| Reserves not available under the articles1311 | - | €1,860 | €1,860 | - | - | - |
| Distributable reserves133 | - | €169,596 | €169,596 | €193,609 | €177,039 | ▼ 8.6% |
| Profit (loss) carried forward14 | - | - | -€2,499 | - | €0 | - |
| Amounts payable17/49 | €88,882 | €86,771 | €76,844 | €70,426 | €100,349 | ▲ 42.5% |
| Amounts payable after more than one year17 | €61,490 | €54,546 | €47,425 | €40,121 | €32,630 | ▼ 18.7% |
| Financial debts170/4 | - | €54,546 | €47,425 | €40,121 | €32,630 | ▼ 18.7% |
| Amounts payable within one year42/48 | €27,392 | €32,225 | €29,419 | €30,304 | €67,719 | ▲ 123% |
| Current portion of amounts payable after more than one year42 | - | €7,645 | €7,823 | €8,005 | €8,192 | ▲ 2.3% |
| Trade debts44 | €3,240 | €16,688 | €12,436 | €6,820 | €2,314 | ▼ 66.1% |
| Suppliers440/4 | - | €16,688 | €12,436 | €6,820 | €2,314 | ▼ 66.1% |
| Taxes, remuneration and social security45 | - | €2,650 | €1,615 | €13,036 | €9,634 | ▼ 26.1% |
| Taxes450/3 | - | €2,650 | €1,615 | €13,036 | €9,634 | ▼ 26.1% |
| Other amounts payable47/48 | - | €5,241 | €7,544 | €2,442 | €47,579 | ▲ 1,848% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €20,455 | €1,933 | -€2,499 | €24,652 | €28,667 | ▲ 16.3% |
| + Depreciation and write-downs630 | €4,288 | €3,690 | €3,690 | €4,357 | €4,568 | ▲ 4.8% |
| Operating cash flow (approximation) | €24,743 | €5,623 | €1,191 | €29,008 | €33,235 | ▲ 14.6% |
| Investment in fixed assets (approximation) | - | €0 | €0 | -€4,389 | €0 | ▲ 100% |
| Change in cash | - | €2,908 | -€24,911 | €27,164 | €65,856 | ▲ 142% |
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
16-12
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
30-06
Financial
Highest result since 2019net €28,667 ▲16.3%
Operating result €42,547, net result €28,667, both a record.
2024
16-12
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
30-06
Financial
Back to profitnet €24,652
Net result €24,652 after one loss-making year.
30-06
Financial
Equity above €200,000Eq €206,009 ▲13.6%
Equity rises from €181,357 to €206,009.
15-01
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
30-06
Financial
Weakest financial yearnet -€2,499
Net result drops to -€2,499, the lowest in the series; recovery starts the following year.
2022
27-12
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2021
15-12
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2020
21-12
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2019
23-12
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
02-01
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2017
20-12
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
25-01
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 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
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
Registered office, Gent · 1 establishment unit since 2002
Ground area
154 m²
Building footprint
97 m²
Volume, LiDAR
659 m³
Parcel 44363B0542/00D004, Flanders · tallest building 11.2 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Gontrodestraat 158, 9050 Gent
since 20022.114.377.294
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44363B0542/00D004 | Flanders | 154 m² | 1 · 97 m² | 11.2 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.
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Of 9,536 companies in sector 43222 we hold annual accounts for 5,667. 4,844 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
Founded22-07-2002
Fiscal year end30-06
Activities, NACEBEL 2025
43222Installation of electric heating, air conditioning, cooling and ventilation
43211General electrical installation work
Contact
E-mail
werner.colpaert@pandora.beGent
E-invoicing
Reachable via Peppol
Peppol ID
0208:0478051038
Also
9925:BE0478051038
Registered
12-03-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.