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AVAN

Active
Public limited companyfounded 199134 yrs activeResedalaan 11, 8400 Oostende, BelgiumKBO/BCE: BE 0446.051.926
Summary

AVAN has been active since 1991 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €168,239 and a net result of -€19,955. Equity is shrinking by ~4.7% per year across the filed fiscal years. The computed 12-month bankruptcy probability is 0.7% (low).

Checked score

Score 2025
Axes · tick = 2024
Profitability37▼-33
Solvency66▼-2
Growth32▼-26
Track record100
Bankruptcy probability, 12 months
0.7% Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €9,000 at 30 days acceptable
Liquidity short (current ratio 0.3 against 0.57 in 2024; short-term debt: 36.4% and cash: 10.2% of total assets), and 59.3% 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 · No NACE activity registered
No NACE activity is registered in the KBO, which is more common among companies that later fail.
KBO · activities
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 34 years 0 40 y
lowers risk · Lower-risk legal form
Companies with this legal form statistically fail less often than a BV.
KBO · legal form
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 17-08-2026, 17 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 filings
Deviation from the deadline
2025
17 d late
2024
28 d late
2023
30 d late
2022
18 d late
2021
25 d late
2020
27 d late
2019
70 d late
← before the deadline after the deadline →
tick = median of all Belgian filings

This company filed its last 7 accounts on average 31 days after the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.

Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven months
Position in the running window
28-09-2026 today31-12-2026 close31-07-2027 deadline
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

AVAN was incorporated on 23 December 1991.1 Total assets fell from EUR 542,654 in 2018 to EUR 413,603 in 2025.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2018 and 2025

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Financials · fiscal year 2025, abbreviated schema

Equity
€168,239▼ 10.6%
2024 · €188,194
Total assets
€413,603▼ 6.3%
2024 · €441,256
Net result
-€19,955
2024 · €5,393
Working capital
-€104,774▼ 55.5%
2024 · -€67,388
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
Line20212022202320242025
Operating result-€3,137-€23,843▼ 660%-€27,149▼ 13.9%€2,946-€20,809
Net result-€4,610-€23,019▼ 399%-€26,502▼ 15.1%€5,393-€19,955
Equity€233,989▼ 1.9%€210,970▼ 9.8%€184,468▼ 12.6%€188,194▲ 2.0%€168,239▼ 10.6%
Total assets€512,980▼ 3.0%€481,630▼ 6.1%€445,418▼ 7.5%€441,256▼ 0.9%€413,603▼ 6.3%
Debt€243,233▼ 3.8%€236,632▼ 2.7%€228,650▼ 3.4%€224,167▼ 2.0%€218,096▼ 2.7%
Working capital-€76,878▲ 4.7%-€84,957▼ 10.5%-€94,624▼ 11.4%-€67,388▲ 28.8%-€104,774▼ 55.5%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
-€30,000-€20,000-€10,000€0€10,000Operating result 2021: -€3,137-€3,137Net result 2021: -€4,610-€4,610Operating result 2022: -€23,843-€23,843Net result 2022: -€23,019-€23,019Operating result 2023: -€27,149-€27,149Net result 2023: -€26,502-€26,502Operating result 2024: €2,946€2,946Net result 2024: €5,393€5,393Operating result 2025: -€20,809-€20,809Net result 2025: -€19,955-€19,95520212022202320242025-€30,000-€20,000-€10,000€0€10,000Operating result 2023: -€27,149-€27,100Net result 2023: -€26,502-€26,500Operating result 2024: €2,946€2,950Net result 2024: €5,393€5,390Operating result 2025: -€20,809-€20,800Net result 2025: -€19,955-€20,000202320242025
The operating result turns negative in 2025: a loss of €20,809 after €2,946 in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €413,603
Fixed assets €368,025 ▲ 4.4%
Current assets €45,577 ▼ 48.6%
Equity and liabilities €413,603
Equity €168,239 ▼ 10.6%
Provisions €27,268 ▼ 5.6%
Debt €218,096 ▼ 2.7%
Debt's share of the balance-sheet total rises from 50.8% to 52.7%. Equity and debt are lower.
Key figures and ratios
2025 value · change against 2024
EBITDA
€3,323▼
2024 · €27,109
Cash flow
€4,178▼
2024 · €29,555
Current ratio
0.30▼
2024 · 0.57
Debt to equity
1.30▲
2024 · 1.19
ROE
-11.9%▼
2024 · 2.9%
ROA
-4.8%▼
2024 · 1.2%
Interest coverage
2.90▼
2024 · 22.80
Debt ≤ 1 year
€150,351▼
2024 · €156,097
Debt > 1 year
€64,739▼
2024 · €68,071
Income taxes
€88▼
2024 · €105
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 12,321 companies that looked in July 2024 the way this one looks now, 0.6% went bankrupt within 24 months and 90% are still going.

  • Micro
  • 20 years or older
  • solvency 30% or more
  • a small loss
0.6% went bankrupt
8.5% stopped otherwise
90% still going

A further 0.6% 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 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.

The companies in ten equal groups, from lowest to highest expected share.
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 12,321 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
Filed annual accounts As filed with the NBB · 2025 against 2024 · 56 lines
Balance sheet Code20242025
Assets
Total assets20/58€441,256€413,603▼
Fixed assets21/28€352,547€368,025▲
Tangible fixed assets22/27€337,884€351,406▲
Land and buildings22€333,993€348,841▲
Plant, machinery and equipment23€3,892€2,565▼
Financial fixed assets28€14,663€16,619▲
Current assets29/58€88,708€45,577▼
Amounts receivable within one year40/41-€1,864
Trade receivables40-€1,813
Other amounts receivable41-€51
Cash at bank and in hand54/58€87,126€42,042▼
Deferred charges and accrued income490/1€1,582€1,671▲
Equity and liabilities
Total equity and liabilities10/49€441,256€413,603▼
Equity10/15€188,194€168,239▼
Contributions10/11€62,000€62,000=
Capital10€62,000€62,000=
Issued capital100€62,000€62,000=
Reserves13€122,882€118,004▼
Non-distributable reserves130/1€6,200€6,200=
Legal reserve130€6,200€6,200=
Tax-exempt reserves132€86,682€81,804▼
Distributable reserves133€30,000€30,000=
Profit (loss) carried forward14€3,312-€11,764▼
Provisions and deferred taxes16€28,894€27,268▼
Deferred taxes168€28,894€27,268▼
Amounts payable17/49€224,167€218,096▼
Amounts payable after more than one year17€68,071€64,739▼
Financial debts170/4€8,021€4,739▼
Other amounts payable178/9€60,050€60,000▼
Amounts payable within one year42/48€156,097€150,351▼
Current portion of amounts payable after more than one year42€5,733€3,248▼
Trade debts44€477€0▼
Suppliers440/4€477€0▼
Taxes, remuneration and social security45€879€0▼
Taxes450/3€879€0▼
Other amounts payable47/48€149,007€147,103▼
Accrued charges and deferred income492/3-€3,006
Income statement Code20242025
Non-recurring operating income76A€29,039€0▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€24,163€24,132▼
Other operating charges640/8€6,116€5,964▼
Gross operating margin9900€33,225€9,287▼
Operating profit (loss)9901€2,946-€20,809▼
Financial income75/76B€334€461▲
Recurring financial income75€334€461▲
Financial charges65/66B€1,189€1,145▼
Recurring financial charges65€1,189€1,145▼
Profit (loss) for the period before taxes9903€2,091-€21,493▼
Transfer from deferred taxes780€3,406€1,626▼
Income taxes67/77€105€88▼
Profit (loss) for the period9904€5,393-€19,955▼
Transfer from tax-exempt reserves789€10,218€4,879▼
Profit (loss) for the period to be appropriated9905€15,610-€15,076▼
Appropriation of the result
Profit (loss) to be appropriated9906€4,978-€11,764▼
Profit (loss) brought forward from the previous period14P-€10,633€3,312▲
Profit to be distributed694/7€1,666€0▼
Return on contributions (dividend)694€1,666€0▼

The notes to these accounts (17 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20212022202320242025Change
Non-recurring operating income76A-€233€0€29,039€0▼ 100%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€25,050€24,753€24,516€24,163€24,132▼ 0.1%
Other operating charges640/8€5,096€5,216€5,759€6,116€5,964▼ 2.5%
Non-recurring operating charges66A€232€124€0---
Gross operating margin9900€27,241€6,250€3,125€33,225€9,287▼ 72.0%
Operating profit (loss)9901-€3,137-€23,843-€27,149€2,946-€20,809▼ 806%
Financial income75/76B--€233€334€461▲ 38.1%
Recurring financial income75--€233€334€461▲ 38.1%
Financial charges65/66B€889€817€1,232€1,189€1,145▼ 3.7%
Recurring financial charges65€889€817€1,232€1,189€1,145▼ 3.7%
Profit (loss) for the period before taxes9903-€4,025-€24,660-€28,148€2,091-€21,493▼ 1,128%
Transfer from deferred taxes780€1,729€1,729€1,729€3,406€1,626▼ 52.3%
Income taxes67/77€2,314€88€83€105€88▼ 16.3%
Profit (loss) for the period9904-€4,610-€23,019-€26,502€5,393-€19,955▼ 470%
Transfer from tax-exempt reserves789€5,187€5,187€5,187€10,218€4,879▼ 52.3%
Profit (loss) for the period to be appropriated9905€577-€17,832-€21,315€15,610-€15,076▼ 197%
Line20212022202320242025Change
Assets
Total assets20/58€512,980€481,630€445,418€441,256€413,603▼ 6.3%
Fixed assets21/28€431,029€408,898€384,999€352,547€368,025▲ 4.4%
Tangible fixed assets22/27€431,029€400,027€375,511€337,884€351,406▲ 4.0%
Land and buildings22€353,898€339,355€370,252€333,993€348,841▲ 4.4%
Plant, machinery and equipment23€77,130€60,672€5,259€3,892€2,565▼ 34.1%
Financial fixed assets28-€8,872€9,488€14,663€16,619▲ 13.3%
Current assets29/58€81,951€72,732€60,419€88,708€45,577▼ 48.6%
Amounts receivable within one year40/41€983---€1,864-
Trade receivables40€983---€1,813-
Other amounts receivable41----€51-
Cash at bank and in hand54/58€80,968€72,732€58,720€87,126€42,042▼ 51.7%
Deferred charges and accrued income490/1--€1,700€1,582€1,671▲ 5.6%
Equity and liabilities
Total equity and liabilities10/49€512,980€481,630€445,418€441,256€413,603▼ 6.3%
Equity10/15€233,989€210,970€184,468€188,194€168,239▼ 10.6%
Contributions10/11€62,000€62,000€62,000€62,000€62,000=
Capital10€62,000€62,000€62,000€62,000€62,000=
Issued capital100€62,000€62,000€62,000€62,000€62,000=
Reserves13€143,474€138,287€133,100€122,882€118,004▼ 4.0%
Non-distributable reserves130/1€6,200€6,200€6,200€6,200€6,200=
Legal reserve130€6,200€6,200€6,200€6,200€6,200=
Tax-exempt reserves132€107,274€102,087€96,900€86,682€81,804▼ 5.6%
Distributable reserves133€30,000€30,000€30,000€30,000€30,000=
Profit (loss) carried forward14€28,515€10,683-€10,633€3,312-€11,764▼ 455%
Provisions and deferred taxes16€35,758€34,029€32,300€28,894€27,268▼ 5.6%
Deferred taxes168€35,758€34,029€32,300€28,894€27,268▼ 5.6%
Amounts payable17/49€243,233€236,632€228,650€224,167€218,096▼ 2.7%
Amounts payable after more than one year17€84,404€78,943€73,607€68,071€64,739▼ 4.9%
Financial debts170/4€84,354€78,893€13,557€8,021€4,739▼ 40.9%
Other amounts payable178/9€50€50€60,050€60,050€60,000▼ 0.1%
Amounts payable within one year42/48€158,829€157,689€155,044€156,097€150,351▼ 3.7%
Current portion of amounts payable after more than one year42€5,388€5,493€5,599€5,733€3,248▼ 43.3%
Trade debts44€1,335€3,025€1,136€477€0▼ 100%
Suppliers440/4€1,335€3,025€1,136€477€0▼ 100%
Taxes, remuneration and social security45€3,156€1,250€388€879€0▼ 100%
Taxes450/3€3,156€1,250€388€879€0▼ 100%
Other amounts payable47/48€148,950€147,921€147,921€149,007€147,103▼ 1.3%
Accrued charges and deferred income492/3----€3,006-
Line20212022202320242025Change
Profit (loss) for the period9904-€4,610-€23,019-€26,502€5,393-€19,955▼ 470%
+ Depreciation and write-downs630€25,050€24,753€24,516€24,163€24,132▼ 0.1%
Operating cash flow (approximation)€20,440€1,734-€1,986€29,555€4,178▼ 85.9%
Investment in fixed assets (approximation)--€2,623-€616€8,289-€39,611▼ 578%
Change in cash--€8,236-€14,012€28,406-€45,084▼ 259%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

Next filing, fiscal year 2026, expected by 31-07-2027
2026
17-08
NBB filing Annual accounts filed
fiscal year 2025 · abbreviated schema · 17 days late
2025
28-08
NBB filing Annual accounts filed
fiscal year 2024 · micro schema · 28 days late
2024
31-12
Financial Back to profitnet €5,393
Net result €5,393 after 3 loss-making years.
30-08
NBB filing Annual accounts filed
fiscal year 2023 · micro schema · 30 days late
2023
31-12
Financial Weakest financial yearnet -€26,502
Net result drops to -€26,502, the lowest in the series; recovery starts the following year.
18-08
NBB filing Annual accounts filed
fiscal year 2022 · micro schema · 18 days late
2022
25-08
NBB filing Annual accounts filed
fiscal year 2021 · micro schema · 25 days late
2021
27-08
NBB filing Annual accounts filed
fiscal year 2020 · micro schema · 27 days late
2020
31-12
Financial Highest result since 2018net €9,846 ▲65.2%
Operating result €13,666, net result €9,846, both a record.
09-10
NBB filing Annual accounts filed
fiscal year 2019 · micro schema · 70 days late
2019
30-08
NBB filing Annual accounts filed
fiscal year 2018 · micro schema · 30 days late
2018
21-08
NBB filing Annual accounts filed
fiscal year 2017 · micro schema · 21 days late
2017
31-08
NBB filing Annual accounts filed
fiscal year 2016 · micro schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts

We know of 5 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.

Have them read with priority Sign in to place this company at the front of the reading queue.

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, Oostende · 1 establishment unit since 1991
seat establishment The establishment unit on the map
Ground area
345 m²
Building footprint
88 m²
Volume, LiDAR
555 m³
Parcel 35020B0274/00F000, Flanders · tallest building 10.5 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
AVAN NV
Resedalaan 11, 8400 OostendeInsurance, reinsurance and pension funding, except compulsory social security
since 19912.055.554.516
1 parcel
Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
35020B0274/00F000 Flanders 345 m² 1 · 88 m² 10.5 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.

Structure & network

Owners and holdings

1 holding

Owners 0

The accounts to 31-12-2021 list no shareholders, and no other source names one.

Holdings 1

According to the 2021 annual accounts of AVAN 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.

Identification & contact

Identification
Legal formPublic limited company
Founded23-12-1991
Fiscal year end31-12
E-invoicing
Not found in the Peppol register

No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.

What can you do?

Try sending from your invoicing software; if that fails, ask the customer whether they already receive via Peppol.

If the customer is not ready yet, you may send the invoice another way, for example as a PDF; if electronically, with their agreement on a secure alternative. That invoice is valid; the customer risks a penalty. FPS Finance

Register as of 27 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.