Equity
€209,788 ▲ 7.2%
AVARO has made a profit without a break since 2015.
AVARO
Lifetime
17 annual accounts with figures on one time axispeak €67,046 (2009)
€32,716▼ 31.7%
lowest -€60,722 (2013)
€21,668▼ 30.6%
peak €209,788 (2025)
€209,788▲ 7.2%
€34,977▲ 1.0%
Board1 name since 2009
1 directorVAN DEN BERGH Rudy
Documentsfilings and deeds
09-10-202670 days late
2025micro format
Gross margin from €47,924 to €32,716Result from €31,236 to €21,668Dividend €7,594
Key points
from the 2025 annual accountsFilings
17 annual accounts 70 days
Latest accounts filed late: after the legal deadline.
Position in the sector
85.7%
Higher solvency than 87% of companies in education. Sector median 43.8% · 2,612 companies.
Checked score
84
Excellent
Financially stronger than 58% of micro companies in education (NACE 85)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.4% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.1% across 3,825 companies (NACE 85, micro).
About 4 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.5%
01-2025: 0.5%● unchanged vs 12-2024
02-2025: 0.5%● unchanged vs 01-2025
03-2025: 0.5%● unchanged vs 02-2025
04-2025: 0.5%● unchanged vs 03-2025
05-2025: 0.5%● unchanged vs 04-2025
06-2025: 0.5%● unchanged vs 05-2025
07-2025: 0.5%● unchanged vs 06-2025
08-2025: 0.8%▲ +0.3 percentage points vs 07-2025
09-2025: 0.9%▲ +0.1 percentage points vs 08-2025highest value
10-2025: 0.4%▼ -0.5 percentage points vs 09-2025
11-2025: 0.4%● unchanged vs 10-2025
12-2025: 0.4%● unchanged vs 11-2025
01-2026: 0.4%● unchanged vs 12-2025lowest value
02-2026: 0.4%● unchanged vs 01-2026
03-2026: 0.4%● unchanged vs 02-2026
04-2026: 0.4%● unchanged vs 03-2026
05-2026: 0.4%● unchanged vs 04-2026
06-2026: 0.4%● unchanged vs 05-2026
07-2026: 0.4%● unchanged vs 06-2026
08-2026: 0.7%▲ +0.3 percentage points vs 07-2026
09-2026: 0.8%▲ +0.1 percentage points vs 08-2026
10-2026: 0.4%▼ -0.4 percentage points vs 09-2026
11-2026: 0.4%● unchanged vs 10-2026
Financial strengthStrong
Score breakdown
raises risk
Last filed accounts filed 70 days late; 3 of the last 3 accounts late
Liquidity: current ratio 7.01, cash €1,452
lowers risk
Sector: Education (NACE 85)
Founded in 2009
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 85, micro). It does better than 88% of them on solvency, 29% on liquidity, 59% on profitability and 57% on growth.
The bankruptcy probability was computed on 10-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 34,693 companies had the same profile as AVARO has now. Each dot stands for 87 companies, two years later.
95.3%
were still trading
3.9%
stopped another way
0.7%
went bankrupt
That fits the bankruptcy probability of AVARO itself: 0.4% within 12 months.
Test of the method
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 34,693 companies, not a prediction for AVARO. 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.
Credit verdict
Credit of up to €17,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 7.01 (6.64 in 2024), above the usual 1.5. Short-term debt is 14.3% and cash 0.6% of total assets. 14.3% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
lowers riskraises risk
raises risk · 2025 accounts filed 70 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 09-10-2026, 70 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 10 filingsDeviation from the deadline
2025
70 days late
2024
49 days late
2023
61 days late
2022
6 days early
2021
30 days late
2020
23 days late
2019
59 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 41 days after the deadline. In the sector (NACE 85), the median for financial year 2024 was 16 days before the deadline, and 32% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 18 September (4 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
11-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0809632571
Deed on the registered office and the legal form
Gazette deed
First establishment
Jessenhofstraat 4, Hasselt
Incorporation
published on 17-02-2009 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| AVARO Hasselt | €244,765 | €32,716 | 85.7% | - |
| L'ATELIER Ixelles | €205,048 | €32,402 | 26.1% | - |
| Griet Alice Bruges | €218,553 | €33,258 | -3.4% | - |
| DAYDREAM NATION Koekelberg | €300,270 | €39,850 | 91.4% | - |
| JL MCS Holsbeek | €224,899 | €34,649 | 77.0% | - |
| Detalle Consulting Herve | €313,848 | €29,026 | 80.9% | 1 |
| PSYCHOLOGISCHE GROEPSPRAKTIJK Zutendaal | €181,568 | €39,905 | 92.5% | - |
These companies have the same main activity as AVARO: other education (NACE 85599). They are comparable in size and age: total assets between €182,000 and €314,000, founded between 2009 and 2011.
Official details
Source: KBO- Status
- Active since 03-02-2009Normal situation
- Activity
- Other educationNACE 85599and 5 others
- Establishment unit
- 2.176.356.3363511 Hasselt, since 06-02-2009
- Financial year end
- 31 December
- Peppol
- Reachable since 21-10-2026
Insights on AVARO
AVARO files the micro format. That format states no turnover. The gross margin fell from €67,046 in 2009 to €32,716 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.
Key facts about AVARO
- What is the company number of AVARO?
- The company number of AVARO is 0809.632.571. The VAT number is the same number with BE in front: BE 0809.632.571.
- Where is AVARO based?
- The registered office is at Jessenhofstraat 4, 3511 Hasselt.Company details
- What does AVARO do?
- According to the KBO register, the main activity is other education (NACE 85599).
- What is the legal form of AVARO?
- AVARO is a private limited company (pre-2019) (BVBA).
- When was AVARO founded?
- AVARO was founded on 03-02-2009.
- Is AVARO still active?
- Yes, AVARO is an active enterprise in the KBO register.
- What is the turnover of AVARO?
- The turnover in financial year 2025 is ≈ €130,000. This figure is estimated from the gross margin of €32,716 and 2,936 comparable companies of the same size. It probably lies between €79,000 and €240,000. It is a rough estimate.Financials
- Is AVARO profitable?
- In financial year 2025, AVARO made a profit of €21,668.
- Where can I find the annual accounts of AVARO?
- AVARO filed 17 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of AVARO due?
- AVARO must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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