AVANTGARDE
The computed 12-month bankruptcy probability of AVANTGARDE is 2.3% (moderate). The 2024 annual accounts show equity of €31k and a net result of €2k. Equity is growing by ~6.3% per year across the filed fiscal years. Its solvency ranks better than 28% of 36383 sector peers (fiscal year 2024). The company has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals.
| Equity | €31k |
| Net result | €2k |
| Staff (FTE) | 0.5 |
| Better than sector | 28% |
Strong profile, led by stability.
All 5 axes are computed from data Checked has read.
How do we compute this?
The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.
The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.
A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 26.3% | 46.6% | |
| Net result | €2k | €9k | |
| Equity | €31k | €58k | |
| Gross operating margin | €43k | €38k | |
| Staff costs | €25k | €40k |
Figures by fiscal year and ratios
| Fiscal year | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|
| Deposit | micro schema | micro schema | micro schema | micro schema |
| Revenue | - | - | - | - |
| EBITDA | €15k | €20k | €11k | €33k |
| Net profit | €2k | €3k | €270 | €11k |
| Cash flow | €8k | €10k | €9k | €21k |
| Staff costs | €25k | €84k | €146k | €98k |
| Income taxes | €5k | €9k | €665 | €12k |
| Dividends | - | - | - | - |
| Total assets | €117k | €174k | €248k | €341k |
| Equity | €31k | €29k | €26k | €26k |
| Debt | €86k | €145k | €222k | €315k |
| of which ≤ 1y | €86k | €145k | €222k | €315k |
| of which > 1y | - | - | - | - |
| Working capital | €25k | €11k | €11k | €3k |
| Employees (FTE) | 0.5 | 1.5 | 2.0 | 3.5 |
| 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|
| Current ratio | 1.30 | 1.07 | 1.05 | 1.01 |
| Quick ratio | 1.22 | 1.07 | 1.05 | 1.01 |
| Working capital ratio | 21.8% | 6.1% | 4.4% | 1.0% |
| Solvency | 26.3% | 16.6% | 10.6% | 7.6% |
| Debt / equity | 2.80 | 5.02 | 8.44 | 12.12 |
| Long-term debt ratio | - | - | - | - |
| Interest coverage | 8.25 | 17.43 | 5.50 | 16.01 |
| Gross margin | - | - | - | - |
| Net margin | - | - | - | - |
| ROA | 1.7% | 1.5% | 0.1% | 3.1% |
| ROE | 6.4% | 8.9% | 1.0% | 40.5% |
| EBITDA margin | - | - | - | - |
| Days sales outstanding | - | - | - | - |
| Days payable outstanding | - | - | - | - |
| Inventory turnover | - | - | - | - |
| Days inventory (DSI) | - | - | - | - |
Full annual accounts (25 line items)
| Line item | Code | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Balance sheet, Assets | |||||
| TOTAL ASSETS | 20/58 | €117k | €174k | €248k | €341k |
| Fixed assets | 21/28 | €5k | €18k | €16k | €23k |
| Intangible fixed assets | 21 | - | - | - | €0 |
| Tangible fixed assets | 22/27 | €5k | €18k | €15k | €23k |
| Financial fixed assets | 28 | €135 | €135 | €135 | €135 |
| Current assets | 29/58 | €112k | €155k | €232k | €319k |
| Stocks & contracts in progress | 3 | €7k | - | - | - |
| Amounts receivable within one year | 40/41 | €83k | €150k | €217k | €299k |
| Cash & bank | 54/58 | €18k | €3k | €12k | €18k |
| Balance sheet, Equity & liabilities | |||||
| TOTAL EQUITY & LIABILITIES | 10/49 | €117k | €174k | €248k | €341k |
| Equity | 10/15 | €31k | €29k | €26k | €26k |
| Contributions / capital | 10/11 | €6k | €6k | €6k | €6k |
| Reserves | 13 | €10k | €10k | €10k | €10k |
| Accumulated profits (losses) | 14 | €15k | €13k | €10k | €10k |
| Amounts payable | 17/49 | €86k | €145k | €222k | €315k |
| Amounts payable within one year | 42/48 | €86k | €145k | €222k | €315k |
| Trade debts payable within one year | 44 | €48k | €114k | €158k | €289k |
| Income statement | |||||
| Gross operating margin | 9900 | €43k | €122k | €164k | €141k |
| Operating result | 9901 | €9k | €12k | €3k | €22k |
| Financial income | 75 | - | €283 | €251 | €2k |
| Financial charges | 65 | €2k | €1k | €2k | €2k |
| Result before taxes | 9903 | €7k | €12k | €936 | €23k |
| Income taxes | 67/77 | €5k | €9k | €665 | €12k |
| Net result for the period | 9904 | €2k | €3k | €270 | €11k |
| Result to be appropriated | 9905 | €2k | €3k | €270 | €11k |
Former directors (1)
-
TUTKAL HALILDirectorState Gazette act 23034720 (10-03-2023)Former- → 10-03-2023
| NACE primary | Other building finishing work(43350) |
| Legal form | Private limited company(610) |
| Incorporation | 07-03-2019 |
| Status | Active |
| Postal code | 9030 |
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44038A0473/00P002 | Flanders | 1,115 m² | 1 · 236 m² | 9.4 m · 2 fl. |
We know of 4 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
10-03-2023 All shares are now held by a single shareholder
Technical details
{
"events": [
{
"kind": "share_transfer",
"after_eur": null,
"delta_eur": null,
"before_eur": null,
"subscribers": [
{
"kbo": null,
"rrn": null,
"kind": "person",
"name": "TUTKAL TALHA",
"share_class": null,
"liberation_pct": null,
"contribution_kind": null,
"n_shares_subscribed": 20,
"contribution_amount_eur": null
}
],
"decrease_purpose": null,
"contribution_type": null,
"paid_up_delta_eur": null,
"n_shares_destroyed": null,
"not_yet_called_eur": null,
"merger_new_shares_n": null,
"merger_exchange_ratio": null,
"distribution_amount_eur": null,
"statutory_unavailable_equity_op": null
},
{
"kind": "eenhoofdigheid_declaration",
"after_eur": null,
"delta_eur": null,
"before_eur": null,
"decrease_purpose": null,
"contribution_type": null,
"paid_up_delta_eur": null,
"n_shares_destroyed": null,
"not_yet_called_eur": null,
"merger_new_shares_n": null,
"merger_exchange_ratio": null,
"distribution_amount_eur": null,
"statutory_unavailable_equity_op": null
}
],
"notary": {
"name": null,
"firm_city": null,
"firm_name": null,
"office_city": "Gent",
"is_associated": false
},
"act_meta": {
"language": "mixed",
"pub_date": "2023-03-10",
"filing_date": null,
"act_kind_objet": "Onderwerp akte:"
},
"decision": {
"body": "bijzondere_algemene_vergadering",
"act_date": null,
"unanimous": null,
"under_authorized_capital": false,
"underlying_resolution_date": "2022-12-15"
},
"bedrijfsrevisor": null,
"subject_company": {
"kbo": "0721.990.103",
"name_full": "AVANTGARDE",
"legal_form": "BESLOTEN VENNOOTSCHAP",
"is_foreign_registered": false
},
"publication_proxy": {
"kind": "none",
"org_kbo": null,
"org_name": null,
"person_name": null,
"org_rep_person_name": null,
"person_role_at_subject": null
},
"co_filed_documents": [],
"shareholders_after": [
{
"kbo": null,
"pct": null,
"kind": "person",
"name": "TUTKAL TALHA",
"role": "simple_associ\u00E9",
"n_shares": 0,
"share_class": null
},
{
"kbo": null,
"pct": null,
"kind": "person",
"name": "TUTKAL HALIL",
"role": "simple_associ\u00E9",
"n_shares": 20,
"share_class": null
}
],
"share_classes_after": []
}| Legal nameNL | AVANTGARDE |