Parent and group
- KAAFRALIE80.17%
AVASCO INDUSTRIES
ActiveSummary
AVASCO INDUSTRIES has been active since 1988 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €11.7m and a net result of -€4.1m. Equity has been growing by about 4.3% per year since 2018. Its solvency ranks better than 27% of 152 sector peers (NACE 31, financial year 2025). The computed 12-month bankruptcy probability is 1.3% (low).
Overview
Official details
Source: KBO- Status
- Active since 05-01-1988 Normal situation
- Activity
- Manufacture of furniture NACE 31001and 2 others
- Establishment unit
- 2.033.266.290 8600 Diksmuide, since 25-01-1988
- Financial year end
- 31 December
- Peppol
- Reachable since 15-12-2025
Board and ownership
Board
- VERGALLE INVESTChair · permanent representative Frank Vergalle
- JAVAHOManaging director · permanent representative Jan Van Houtte
- LV-ConsultingDirector · since 26-06-2018 · permanent representative Lieven Vergalle
- Auditor
- Moore Audit
Shareholders
- VERGALLE INVEST99.99%annual accounts 2025
- Frank Vergalle0.01%annual accounts 2025
Financial position
- Bankruptcy probabilitywithin 12 months
- 1.3%
Annual accounts 2025
- Turnover
- €34.3m
- ▼ 6.4%
- Loss
- €4.1m
- ▲ 0.1%
- Equity
- €11.7m
- ▼ 25.8%
- Total assets
- €50.1m
- ▲ 40.1%
- Employees on 31-12-2025
- 43
- =
Score breakdownraises riskLoss of €4.1m, the second in a row (financial year 2025)Equity €11.7m (23.4% of total assets)Liquidity: current ratio 1.03, cash €939,098Sector: Manufacture of furniture (NACE 31)Show the evidence
Checked score
Score 2025
63
/ 100
Healthy
Probability in this band: 0.55% to 1.5%
Financially stronger than 17% of small companies in furniture (NACE 31)
Financial strength · tick: 2024
Weak
Solvency
48-21
equity 23.4% of total assets
Liquidity
22-3
short-term debt 58.2% · cash 1.9%
Profitability
6+3
return on assets -8.1%
Bankruptcy probability within 12 months
1.3%
Low
0%0.5%1.5%4%10%≥ 25%
About 1 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.3%
01-2025: 0.3%● unchanged vs 12-2024
02-2025: 0.3%● unchanged vs 01-2025lowest value
03-2025: 0.3%● unchanged vs 02-2025
04-2025: 0.3%● unchanged vs 03-2025
05-2025: 0.3%● unchanged vs 04-2025
06-2025: 0.3%● unchanged vs 05-2025
07-2025: 0.4%▲ +0.1 percentage points vs 06-2025
08-2025: 0.7%▲ +0.3 percentage points vs 07-2025
09-2025: 0.7%● unchanged vs 08-2025
10-2025: 0.7%● unchanged vs 09-2025
11-2025: 0.7%● unchanged vs 10-2025
12-2025: 0.7%● unchanged vs 11-2025
01-2026: 0.7%● unchanged vs 12-2025
02-2026: 0.7%● unchanged vs 01-2026
03-2026: 0.7%● unchanged vs 02-2026
04-2026: 0.7%● unchanged vs 03-2026
05-2026: 0.7%● unchanged vs 04-2026
06-2026: 0.8%▲ +0.1 percentage points vs 05-2026
07-2026: 0.7%▼ -0.1 percentage points vs 06-2026
08-2026: 1.3%▲ +0.6 percentage points vs 07-2026highest value
09-2026: 1.3%● unchanged vs 08-2026highest value
10-2026: 1.3%● unchanged vs 09-2026highest value
11-2026: 1.3%● unchanged vs 10-2026highest value
Credit of up to €700,000 on 30-day terms is acceptable
Liquidity is tight, with a current ratio of 1.03 (1.48 in 2024), below the usual 1.5. Short-term debt is 58.2% and cash 1.9% of total assets. 76.6% of the assets are financed with debt and provisions.
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 31, small). It does better than 25% of them on solvency, 16% on liquidity, 8% on profitability and 20% on growth.
The bankruptcy probability was computed on 04-11-2026 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.
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).
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Signals
Six signals.
raises riskneutral
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 -€4.1m
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 15-07-2026, 16 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
16 days early
2024
14 days early
2023
21 days early
2022
17 days early
2021
16 days early
2020
16 days early
2019
22 days early
← 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 17 days before the deadline. In the sector (NACE 31), the median for financial year 2024 was 7 days before the deadline, and 37% 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 15 July (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
04-11-2026 today31-12-2026 year end31-07-2027 deadline
Key points
- Risk: 3 loss-making years in a rowloss in financial year 2025 -€4.1m View
- Caution: Lower net result than 95% of companies in furnituresector median €26,587 · 152 companies -€4.1m View
- Positive: Filed on time since financial year 2018accounts within the deadline every year 8 years View
- Caution: Equity fell in 2025from €15.8m to €11.7m ▼ 25.8% View
Recent changes
- · Gazette deed 5 reappointedReappointments: VERGALLE INVEST NV (director) and Javaho BV (director) · Permanent representatives: Frank Vergalle, Jan Van Houtte and 3 others
- · Gazette deed 1 director appointed, 2 reappointedPermanent representatives: Francis Vergalle, Kaatje Vergalle and 4 others · Reappointments: CISKON BV (director) and VEKA CONSULT BV (director) · Appointment: Moore Audit BV (statutory auditor)
- · Gazette deed Reappointment: LV-Consulting (director)Permanent representative: Lieven Vergalle
Companies linked to AVASCO INDUSTRIES
Comparable companies
These companies have the same main activity as AVASCO INDUSTRIES: manufacture of furniture (NACE 31001). They are comparable in size and age: total assets between €17m and €49m, founded between 1968 and 1999.
| Company | Total assets | Turnover |
|---|---|---|
| AVASCO INDUSTRIES Diksmuide | €50.1m | €34.3m |
| MOBITEC SYSTEMS Eupen | €45.9m | €42.3m |
| GONDELLA Nazareth-De Pinte | €27.7m | €18.8m |
| PAMI Pelt | €31.7m | €36.4m |
| HAELVOET Ingelmunster | €20.0m | €25.1m |
| ERVO Projects Turnhout | €49.2m | €23.2m |
| VANERUM BELGIE Diest | €16.6m | €17.0m |
Key facts about AVASCO INDUSTRIES
- What is the company number of AVASCO INDUSTRIES?
- The company number of AVASCO INDUSTRIES is 0433.026.509. The VAT number is the same number with BE in front: BE 0433.026.509.
- Where is AVASCO INDUSTRIES based?
- The registered office is at Cardijnlaan(D) 6, 8600 Diksmuide.Company details
- What does AVASCO INDUSTRIES do?
- According to the KBO register, the main activity is manufacture of furniture (NACE 31001).
- What is the legal form of AVASCO INDUSTRIES?
- The legal form of AVASCO INDUSTRIES is Public limited company (NV).
- When was AVASCO INDUSTRIES founded?
- AVASCO INDUSTRIES was founded on 05-01-1988.
- Is AVASCO INDUSTRIES still active?
- Yes, AVASCO INDUSTRIES is an active enterprise in the KBO register.
- How many employees does AVASCO INDUSTRIES have?
- AVASCO INDUSTRIES had an average of 40.5 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- What is the turnover of AVASCO INDUSTRIES?
- The turnover of AVASCO INDUSTRIES was €34.3m in financial year 2025, according to the filed annual accounts.
- Is AVASCO INDUSTRIES profitable?
- In financial year 2025, AVASCO INDUSTRIES made a loss of €4.1m.
- Where can I find the annual accounts of AVASCO INDUSTRIES?
- AVASCO INDUSTRIES filed 39 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of AVASCO INDUSTRIES due?
- AVASCO INDUSTRIES must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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