Avandes
ActiveAvandes has been active since 2012 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €15k and a net result of €-7k. Equity is growing by ~19.4% per year across the filed fiscal years. Its solvency ranks better than 37% of 3478 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
64
/ 100
Healthy
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability33▼-23
Solvency60▼-8
Growth52=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €500 at 30 days acceptable
Liquidity tight (current ratio 1.21 against 1.16 in 2024; short-term debt: 60% and cash: 62.4% of total assets), and 64.6% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 74
Relative position
BE, all sectors
reference
Sector 74
lower
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
35.4%
Return on assets
-15.3%
Age of the figures
12 mo
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
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year €-7k
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 02-04-2026, 28 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
28 d early
2024
1 d early
2023
25 d early
2022
3 d early
2021
10 d early
2020
2 d early
2019
31 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
22-09-2026 today30-09-2026 close30-04-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€15k▼ 30.1%
2024 · €22k
2018: €3k
2019: €9k
2020: €22k
2021: €17k
2022: €31k
2023: €27k
2024: €22k
2018 → 2025
Total assets
€44k▼ 14.4%
2024 · €51k
2018: €56k
2019: €71k
2020: €49k
2021: €34k
2022: €60k
2023: €53k
2024: €51k
2018 → 2025
Net result
€-7k▼ 26.3%
2024 · €-5k
2018: €940
2019: €5k
2020: €14k
2021: €-5k
2022: €14k
2023: €-4k
2024: €-5k
2018 → 2025
Working capital
€6k▲ 25.8%
2024 · €4k
2018: €-13k
2019: €3k
2020: €2k
2021: €-3k
2022: €13k
2023: €5k
2024: €4k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€17k-€31k▲ 79.9%€27k▼ 11.8%€22k▼ 19.3%€15k▼ 30.1%
Operating result€-4k-€18k€-3k€-5k▼ 101%€-6k▼ 27.4%
Net result€-5k-€14k€-4k€-5k▼ 43.2%€-7k▼ 26.3%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €6k in 2025 against €5k in 2024; the loss grows and 2025 has the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €44k
Fixed assets
€12k▼ 37.7%
Current assets
€32k▼ 0.5%
Equity and liabilities €44k
Equity
€15k▼ 30.1%
Debt
€28k▼ 2.4%
The debt ratio rises from 56.6% to 64.6%. Equity and debt are lower.
Key figures and ratios
EBITDA
€691▼
2024 · €4k
Cash flow
€514▼
2024 · €3k
Solvency
35.4%▼
2024 · 43.4%
Current ratio
1.21▲
2024 · 1.16
Quick ratio
1.21▲
2024 · 1.16
Debt / equity
1.82▲
2024 · 1.31
ROE
-43.1%▼
2024 · -23.8%
ROA
-15.3%▼
2024 · -10.3%
Interest coverage
3.91▼
2024 · 19.49
Debt
€28k▼
2024 · €29k
Debt ≤ 1 year
€26k▼
2024 · €27k
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 · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€51k€44k▼
Fixed assets21/28€19k€12k▼
Tangible fixed assets22/27€19k€12k▼
Plant, machinery and equipment23€2k€2k▼
Furniture and vehicles24€425€82▼
Other tangible fixed assets26€16k€10k▼
Current assets29/58€32k€32k▼
Amounts receivable within one year40/41€11k€4k▼
Trade receivables40€10k€4k▼
Other amounts receivable41€1k€14▼
Cash at bank and in hand54/58€20k€27k▲
Deferred charges and accrued income490/1€260€210▼
Equity and liabilities
Total equity and liabilities10/49€51k€44k▼
Equity10/15€22k€15k▼
Contributions10/11€12k€12k=
Reserves13€19k€19k=
Distributable reserves133€19k€19k=
Profit (loss) carried forward14€-9k€-16k▼
Amounts payable17/49€29k€28k▼
Amounts payable within one year42/48€27k€26k▼
Trade debts44€4k€2k▼
Suppliers440/4€4k€2k▼
Taxes, remuneration and social security45€971€537▼
Taxes450/3€971€537▼
Other amounts payable47/48€22k€24k▲
Accrued charges and deferred income492/3€1k€2k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€9k€7k▼
Other operating charges640/8€589€597▲
Gross operating margin9900€4k€1k▼
Operating profit (loss)9901€-5k€-6k▼
Financial income75/76B€0-
Recurring financial income75€0-
Financial charges65/66B€188€177▼
Recurring financial charges65€188€177▼
Profit (loss) for the period before taxes9903€-5k€-7k▼
Profit (loss) for the period9904€-5k€-7k▼
Profit (loss) for the period to be appropriated9905€-5k€-7k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-9k€-16k▼
Profit (loss) brought forward from the previous period14P€-4k€-9k▼
The notes to these accounts (4 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
02-04
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
30-09
Financial
Weakest financial yearnet €-7k
Net result drops to €-7k, the lowest in the series.
29-04
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
05-04
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
27-04
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
30-09
Financial
Back to profitnet €14k
Net result €14k after one loss-making year.
20-04
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
28-04
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
30-03
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
09-04
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
25-04
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
31-03
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.
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, Kruisem · 1 establishment unit since 2012
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.
Machelsestraat(KRU) 139770 KruisemGround area
1,296 m²
Building footprint
159 m²
Volume, LiDAR
854 m³
Parcel 45017D0242/00M000, Flanders · tallest building 7.1 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Avandes
since 20122.217.129.988
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 45017D0242/00M000 | Flanders | 1,296 m² | 1 · 159 m² | 7.1 m · 2 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.
Similar companies · same sector, comparable size
SANDER HOUTHUYS
BE 0797.931.304
Vorst · Eq €15k
Kathleen Van Den Brande
BE 0763.968.139
Londerzeel · Eq €16k
ZINNIG LICHT
BE 0644.842.043
Aarschot · Eq €15k
Eyefine
BE 1012.426.711
Keerbergen · Eq €16k
Kookaburra
BE 0738.830.192
Brasschaat · Eq €16k
Of 14,144 companies in sector 74201 we hold annual accounts for 2,612. 1,412 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded19-07-2012
Fiscal year end30-09
Activities, NACEBEL
74201Photography, excluding press photography
46130Agents in the wholesale of timber and building materials
46180Agents specialised in the wholesale of other particular products
Sources
Crossroads Bank for EnterprisesNational Bank · 13 filingsAddress and cadastre registers
Data from official sources, last processed on 20-09-2026. Scores and ratios are computed by Checked and are not a credit decision.