Avanco Adventure
ActiveAvanco Adventure has been active since 2010 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €563k and a net result of €116k. Equity is growing by ~16.8% per year across the filed fiscal years. Its solvency ranks better than 91% of 907 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is < 0.1% (very low).
Checked score
Score 2024
100
/ 100
Excellent= vs 2023
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability100▲+13
Solvency100=
Growth78▲+26
Stability100
Bankruptcy probability, 12 months
< 0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €55k at 30 days acceptable
Liquidity ample (current ratio 10.31 against 79.88 in 2023), and 15.6% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six 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 93
Relative position
BE, all sectors
reference
Sector 93
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
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
84.4%
Return on assets
17.3%
Age of the figures
20 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 11-09-2025, 42 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
42 d late
2023
36 d late
2022
67 d late
2021
5 d early
2020
65 d late
2019
194 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, abbreviated schema
Equity
€563k▲ 25.8%
2023 · €447k
2018: €222k
2019: €240k
2020: €147k
2021: €326k
2022: €369k
2023: €447k
2018 → 2024
Total assets
€666k▲ 47.3%
2023 · €452k
2018: €222k
2019: €241k
2020: €147k
2021: €327k
2022: €374k
2023: €452k
2018 → 2024
Net result
€116k▲ 47.9%
2023 · €78k
2018: €101k
2019: €18k
2020: €-93k
2021: €179k
2022: €43k
2023: €78k
2018 → 2024
Working capital
€516k▲ 22.2%
2023 · €423k
2019: €196k
2020: €111k
2021: €298k
2022: €338k
2023: €423k
2019 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€147k-€326k▲ 121%€369k▲ 13.2%€447k▲ 21.2%€563k▲ 25.8%
Operating result€-92k-€179k€43k▼ 76.0%€78k▲ 82.0%€117k▲ 49.8%
Net result€-93k-€179k€43k▼ 76.0%€78k▲ 82.1%€116k▲ 47.9%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed two years in a row; 2024 is 50% above 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €666k
Fixed assets
€94k▲ 286%
Current assets
€572k▲ 33.6%
Equity and liabilities €666k
Equity
€563k▲ 25.8%
Debt
€104k▲ 1,837%
The debt ratio rises from 1.2% to 15.6%: debt grows faster than equity.
Key figures and ratios
EBITDA
€130k▲
2023 · €85k
Cash flow
€129k▲
2023 · €85k
Solvency
84.4%▼
2023 · 98.8%
Current ratio
10.31▼
2023 · 79.88
Quick ratio
10.31▼
2023 · 79.88
Debt / equity
0.18▲
2023 · 0.01
ROE
20.5%▲
2023 · 17.5%
ROA
17.3%▲
2023 · 17.3%
Interest coverage
79.90▼
2023 · 1227.52
Debt
€104k▲
2023 · €5k
Debt ≤ 1 year
€55k▲
2023 · €5k
Debt > 1 year
€48k
Staff costs
€138k▼
2023 · €146k
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€452k€666k▲
Fixed assets21/28€24k€94k▲
Tangible fixed assets22/27€24k€94k▲
Land and buildings22€24k€18k▼
Furniture and vehicles24-€36k
Leasing and similar rights25-€40k
Current assets29/58€428k€572k▲
Amounts receivable within one year40/41€405k€545k▲
Trade receivables40€2k-
Other amounts receivable41€404k€545k▲
Cash at bank and in hand54/58€23k€26k▲
Deferred charges and accrued income490/1€24€738▲
Equity and liabilities
Total equity and liabilities10/49€452k€666k▲
Equity10/15€447k€563k▲
Profit (loss) carried forward14€447k€563k▲
Amounts payable17/49€5k€104k▲
Amounts payable after more than one year17-€48k
Financial debts170/4-€48k
Amounts payable within one year42/48€5k€55k▲
Current portion of amounts payable after more than one year42-€22k
Trade debts44€3k€27k▲
Suppliers440/4€3k€27k▲
Taxes, remuneration and social security45€2k€6k▲
Taxes450/3€2k€3k▲
Remuneration and social security454/9-€3k
Income statement
Code20232024
Remuneration, social security and pensions62€146k€138k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€7k€13k▲
Other operating charges640/8-€1k
Non-recurring operating charges66A-€27k
Gross operating margin9900€231k€296k▲
Operating profit (loss)9901€78k€117k▲
Financial charges65/66B€69€2k▲
Recurring financial charges65€69€2k▲
Profit (loss) for the period before taxes9903€78k€116k▲
Profit (loss) for the period9904€78k€116k▲
Profit (loss) for the period to be appropriated9905€78k€116k▲
Appropriation of the result
Profit (loss) to be appropriated9906€447k€563k▲
Profit (loss) brought forward from the previous period14P€369k€447k▲
Social balance
Average headcount (FTE)90874.03.1▼
The notes to these accounts (9 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
11-09
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 42 days late
2024
31-12
Financial
Equity above €500kEq €563k ▲25.8%
4 profitable years in a row build equity to €563k.
05-09
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 36 days late
2023
06-10
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 67 days late
2022
26-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Back to profitnet €179k
Net result €179k after one loss-making year.
31-12
Financial
Equity above €200kEq €326k ▲121%
Equity rises from €147k to €326k.
04-10
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 65 days late
10-02
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 194 days late
2020
31-12
Financial
Weakest financial yearnet €-93k ▼608%
Net result drops to €-93k, the lowest in the series; recovery starts the following year.
31-12
Financial
Liquidity times 9current ratio 5052.34
Current ratio from 536.90 to 5052.34; short-term debt falls from €366 to €22.
2019
19-09
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 50 days late
2018
27-06
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
29-05
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
16-12
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 138 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 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, Kortrijk · 1 establishment unit since 2011
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.
Brumierstraat(Aal) 68511 KortrijkGround area
5,757 m²
Building footprint
209 m²
Volume, LiDAR
667 m³
Parcel 34001B0014/00B000, Flanders · tallest building 6.2 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
Avanco Adventure
since 20112.201.887.726
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34001B0014/00B000 | Flanders | 5,757 m² | 1 · 208 m² | 6.2 m · 1 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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Of 6,708 companies in sector 93299 we hold annual accounts for 1,160. 588 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formNon-profit association
Founded09-03-2010
Fiscal year end31-12
Activities, NACEBEL
93299Other amusement and recreation activities
Sources
Crossroads Bank for EnterprisesNational Bank · 15 filingsAddress and cadastre registers
Data from official sources, last processed on 15-09-2026. Scores and ratios are computed by Checked and are not a credit decision.