AVANGARDE
ActiveAVANGARDE has been active since 2014 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €240k and a net result of €14k. Equity is growing by ~16.1% per year across the filed fiscal years. Its solvency ranks better than 56% of 7692 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.0% (low).
Checked score
Score 2025
71
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability45▼-13
Solvency74▲+1
Growth52=
Track record100
Bankruptcy probability, 12 months
1.0%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €17k at 30 days acceptable
Liquidity ample (current ratio 4.16 against 3.82 in 2024; short-term debt: 14.2% of total assets), but 51% 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+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
Sector 43
higher
← 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
49%
Return on assets
2.8%
Age of the figures
18 mo
neutral · Filed after the deadline
The financial year that closed on 31-03-2025 was due by 31-10-2025 and was filed on 28-11-2025, 28 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
28 d late
2024
20 d late
2023
6 d late
2022
4 d late
2021
24 d late
2020
27 d late
2019
7 d late
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-03-2026 and is due by 31-10-2026. Nothing is late today.
Companies Code · seven monthsPosition in the running window
31-03-2026 close17-09-2026 today31-10-2026 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€240k▲ 6.1%
2024 · €226k
2019: €54k
2020: €88k
2021: €167k
2022: €189k
2023: €196k
2024: €226k
2019 → 2025
Total assets
€491k▲ 4.0%
2024 · €472k
2019: €308k
2020: €383k
2021: €492k
2022: €479k
2023: €568k
2024: €472k
2019 → 2025
Net result
€14k▼ 23.4%
2024 · €18k
2019: €27k
2020: €35k
2021: €79k
2022: €23k
2023: €7k
2024: €18k
2019 → 2025
Working capital
€220k▲ 10.9%
2024 · €199k
2019: €15k
2020: €67k
2021: €145k
2022: €154k
2023: €253k
2024: €199k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€167k-€189k▲ 13.6%€196k▲ 3.5%€226k▲ 15.5%€240k▲ 6.1%
Operating result€105k-€36k▼ 65.6%€11k▼ 68.3%€34k▲ 199%€31k▼ 10.0%
Net result€79k-€23k▼ 71.2%€7k▼ 71.0%€18k▲ 175%€14k▼ 23.4%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 10% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €491k
Fixed assets
€201k▼ 1.2%
Current assets
€290k▲ 7.9%
Equity and liabilities €491k
Equity
€240k▲ 6.1%
Debt
€251k▲ 2.0%
The debt ratio falls from 52.0% to 51.0%. Equity and debt are higher.
Key figures and ratios
EBITDA
€36k▼
2024 · €39k
Cash flow
€19k▼
2024 · €23k
Solvency
49.0%▲
2024 · 48.0%
Current ratio
4.16▲
2024 · 3.82
Quick ratio
4.03▲
2024 · 3.76
Debt / equity
1.04▼
2024 · 1.08
ROE
5.8%▼
2024 · 8.0%
ROA
2.8%▼
2024 · 3.8%
Interest coverage
2.77▼
2024 · 4.13
Debt
€251k▲
2024 · €246k
Debt ≤ 1 year
€70k▼
2024 · €70k
Debt > 1 year
€150k▲
2024 · €138k
Income taxes
€4k▼
2024 · €7k
Staff costs
€17k▼
2024 · €32k
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€472k€491k▲
Fixed assets21/28€203k€201k▼
Tangible fixed assets22/27€200k€198k▼
Land and buildings22€198k€196k▼
Plant, machinery and equipment23€2k€2k▼
Furniture and vehicles24€1k€891▼
Financial fixed assets28€3k€3k=
Current assets29/58€269k€290k▲
Stocks and contracts in progress3€4k€8k▲
Stocks30/36€4k€8k▲
Amounts receivable within one year40/41€263k€269k▲
Trade receivables40€128k€145k▲
Other amounts receivable41€135k€123k▼
Deferred charges and accrued income490/1€1k€13k▲
Equity and liabilities
Total equity and liabilities10/49€472k€491k▲
Equity10/15€226k€240k▲
Contributions10/11€19k€19k=
Outside capital11€19k€19k=
Other1109/19€19k€19k=
Reserves13€2k€2k=
Distributable reserves133€2k€2k=
Profit (loss) carried forward14€206k€220k▲
Amounts payable17/49€246k€251k▲
Amounts payable after more than one year17€138k€150k▲
Financial debts170/4€138k€150k▲
Amounts payable within one year42/48€70k€70k▼
Current portion of amounts payable after more than one year42€16k€16k▲
Trade debts44€16k€2k▼
Suppliers440/4€16k€2k▼
Taxes, remuneration and social security45€20k€17k▼
Taxes450/3€7k€5k▼
Remuneration and social security454/9€13k€12k▼
Other amounts payable47/48€19k€35k▲
Accrued charges and deferred income492/3€37k€31k▼
Income statement
Code20242025
Remuneration, social security and pensions62€32k€17k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€5k€5k▼
Other operating charges640/8€7k€4k▼
Gross operating margin9900€78k€56k▼
Operating profit (loss)9901€34k€31k▼
Financial income75/76B€101€2▼
Recurring financial income75€101€2▼
Financial charges65/66B€9k€13k▲
Recurring financial charges65€9k€13k▲
Profit (loss) for the period before taxes9903€25k€18k▼
Income taxes67/77€7k€4k▼
Profit (loss) for the period9904€18k€14k▼
Profit (loss) for the period to be appropriated9905€18k€14k▼
Appropriation of the result
Profit (loss) to be appropriated9906€206k€220k▲
Profit (loss) brought forward from the previous period14P€188k€206k▲
Social balance
Average headcount (FTE)90870.70.5▼
The notes to these accounts (10 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
2025
28-11
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 28 days late
2024
20-11
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 20 days late
31-03
Financial
Equity above €200kEq €226k ▲15.5%
6 profitable years in a row build equity to €226k.
2023
06-11
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 6 days late
31-03
Financial
Weakest financial yearnet €7k ▼71%
Net result drops to €7k, the lowest in the series; recovery starts the following year.
2022
04-11
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 4 days late
2021
24-11
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 24 days late
31-03
Financial
Highest result since 2019net €79k ▲127%
Operating result €105k, net result €79k, both a record.
31-03
Financial
Equity above €150kEq €167k ▲88.9%
3 profitable years in a row build equity to €167k.
2020
27-11
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 27 days late
2019
07-11
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 7 days late
2018
08-11
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 8 days late
2017
12-12
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 42 days late
2016
12-12
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 42 days late
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, Antwerpen · 1 establishment unit since 2014
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.
Luitenant Lippenslaan 442140 AntwerpenGround area
943 m²
Building footprint
951 m²
Volume, LiDAR
17,255 m³
Parcel 11006A0226/03L002, Flanders · tallest building 25.3 m, ±8 floors. Linked by address, not a title deed.
1 establishment unit
AVANGARDE BVBA
since 20142.234.348.775
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11006A0226/03L002 | Flanders | 943 m² | 1 · 950 m² | 25.3 m · 8 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 20,030 companies in sector 43320 we hold annual accounts for 9,132. 7,211 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded10-09-2014
Fiscal year end31-03
Activities, NACEBEL
43320Joinery installation
43350Other building finishing work
46150Agents in the wholesale of furniture, household goods and hardware
47551Retail sale of household furniture
47591Retail trade
Sources
Crossroads Bank for EnterprisesNational Bank · 10 filingsAddress and cadastre registers
Data from official sources, last processed on 17-09-2026. Scores and ratios are computed by Checked and are not a credit decision.