Equity
Equity fell by 70% in 2 years.
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Equity fell by 70% in 2 years.
The result rose in 2025 from €55,472 to €136,227.
The accounts state no turnover.
Of this, €172,916 falls due within a year.
Eight of the last ten came late. The 2022 accounts came latest: 101 days after the end of the period.
Lower solvency than 82% of companies in specialised construction. Sector median 44.0% · 9,974 companies.
In July 2024, 5,053 companies had the same profile as AVANE has now. Each dot stands for 13 companies, two years later.
Another 0.1% stopped without a precise date, possibly only after those two years.
The method was tested on the 497,448 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 5,053 companies, not a prediction for AVANE. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
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| Company | ||||
|---|---|---|---|---|
| AVANE Brussels | €232,626 | €200,358 | 17.1% | 0 |
| ALL-IN BRUXELLES Brussels | €439,512 | €213,072 | 48.8% | 0 |
| D&C Services Maldegem | €258,378 | €169,480 | 39.5% | 0.8 |
| HOBIN Tienen | €283,466 | €80,088 | 11.2% | 0 |
| Li VE Malmedy | €218,173 | €100,498 | 24.2% | 0 |
| W.A. & CO Leopoldsburg | €235,178 | €68,188 | 89.7% | 0 |
| LL-CONSTRUCT Dessel | €309,854 | €138,200 | 55.1% | 0.3 |
These companies have the same main activity as AVANE: other specialised construction activities (NACE 43990). They are comparable in size and age: total assets between €218,000 and €440,000, founded between 2006 and 2018.
AVANE files the abbreviated format. That format states no turnover. The gross margin rose from -€883 in 2011 to €200,358 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
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