AVAT
InactiveAVAT was declared bankrupt on 10-02-2025 (Tribunal de l’entreprise francophone de Bruxelles); the bankruptcy was closed for insufficient assets by judgment of 30-09-2025, published in the Belgian State Gazette on 08-10-2025.
Summary
Inactive; last annual accounts for fiscal year 2021.
Signals
Three signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Two or more financial years not filed
Since the financial year that closed on 31-12-2022, 4 financial years are missing at the National Bank. A company this far behind goes bankrupt within the year nineteen times as often as a punctual filer.
NBB · 5 filingsPosition against the passed deadline
31-12-2022 close31-07-2023 deadline26-09-2026 today
neutral · Filed after the deadline
The financial year that closed on 31-12-2021 was due by 31-07-2022 and was filed on 24-10-2022, 85 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 · 5 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
not filed
2021
85 d late
2020
194 d late
2019
234 d late
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 3 accounts on average 171 days after the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
Checked, nothing found (1)
History
Financials · fiscal year 2021, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
-€1,373▲ 87.8%
2020 · -€11,245
Working capital
-€70,761▼ 2.0%
2020 · -€69,388
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line201920202021
Operating result-€4,185--€11,245▼ 169%-€1,832▲ 83.7%
Net result-€4,185--€11,245▼ 169%-€1,373▲ 87.8%
Equity-€53,343--€64,588▼ 21.1%-€65,961▼ 2.1%
Total assets€7,528-€8,943▲ 18.8%€12,116▲ 35.5%
Debt€60,871-€73,531▲ 20.8%€78,077▲ 6.2%
Working capital-€58,143--€69,388▼ 19.3%-€70,761▼ 2.0%
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €1,832 in 2021 against €11,245 in 2020; the loss shrinks.
Balance-sheet composition
2021 in colour, 2020 as the grey bar beneath
Assets €12,116
Fixed assets
€4,800 =
Current assets
€7,316 ▲ 76.6%
Key figures and ratios
Solvency
-544.4%▲
2020 · -722.2%
Current ratio
0.09▲
2020 · 0.06
Quick ratio
0.07▲
2020 · 0.05
Debt to equity
-1.18
ROA
-11.3%▲
2020 · -125.7%
Debt ≤ 1 year
€78,077▲
2020 · €73,531
Income taxes
-€640
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €5,412 | - | - | - |
| Gross operating margin9900 | €1,227 | -€11,245 | -€1,832 | ▲ 83.7% |
| Operating profit (loss)9901 | -€4,185 | -€11,245 | -€1,832 | ▲ 83.7% |
| Financial charges65/66B | - | - | €182 | - |
| Recurring financial charges65 | - | - | €182 | - |
| Profit (loss) for the period before taxes9903 | -€4,185 | -€11,245 | -€2,013 | ▲ 82.1% |
| Income taxes67/77 | - | - | -€640 | - |
| Profit (loss) for the period9904 | -€4,185 | -€11,245 | -€1,373 | ▲ 87.8% |
| Profit (loss) for the period to be appropriated9905 | -€4,185 | -€11,245 | -€1,373 | ▲ 87.8% |
| Line | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €7,528 | €8,943 | €12,116 | ▲ 35.5% |
| Fixed assets21/28 | €4,800 | €4,800 | €4,800 | = |
| Financial fixed assets28 | €4,800 | €4,800 | €4,800 | = |
| Current assets29/58 | €2,728 | €4,143 | €7,316 | ▲ 76.6% |
| Stocks and contracts in progress3 | - | €640 | €1,625 | ▲ 154% |
| Stocks30/36 | - | - | €1,625 | - |
| Amounts receivable within one year40/41 | €2,728 | €3,486 | €5,541 | ▲ 59.0% |
| Trade receivables40 | - | - | €1,621 | - |
| Other amounts receivable41 | - | - | €3,920 | - |
| Cash at bank and in hand54/58 | - | €18 | €150 | ▲ 748% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €7,528 | €8,943 | €12,116 | ▲ 35.5% |
| Equity10/15 | -€53,343 | -€64,588 | -€65,961 | ▼ 2.1% |
| Contributions10/11 | €6,300 | €6,300 | €6,300 | = |
| Capital10 | - | - | €6,300 | - |
| Issued capital100 | - | - | €18,600 | - |
| Uncalled capital101 | - | - | €12,300 | - |
| Profit (loss) carried forward14 | -€59,643 | -€70,888 | -€72,261 | ▼ 1.9% |
| Amounts payable17/49 | €60,871 | €73,531 | €78,077 | ▲ 6.2% |
| Amounts payable within one year42/48 | €60,871 | €73,531 | €78,077 | ▲ 6.2% |
| Trade debts44 | €0 | €148 | €837 | ▲ 466% |
| Suppliers440/4 | - | - | €837 | - |
| Other amounts payable47/48 | - | - | €77,240 | - |
| Line | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | -€4,185 | -€11,245 | -€1,373 | ▲ 87.8% |
| + Depreciation and write-downs630 | €5,412 | - | - | - |
| Operating cash flow (approximation) | €1,227 | -€11,245 | -€1,373 | ▲ 87.8% |
| Investment in fixed assets (approximation) | - | €0 | €0 | - |
| Change in cash | - | - | €132 | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
2025
08-10
Bankruptcy
Bankruptcy closure (insufficient assets)
Tribunal de l’entreprise francophone de Bruxelles · event 30-09-2025
18-02
Bankruptcy
Opening
Tribunal de l’entreprise francophone de Bruxelles · event 10-02-2025
2022
24-10
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 85 days late
10-02
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 194 days late
2021
22-03
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 234 days late
2020
31-12
Financial
Weakest financial yearnet -€11,245
Net result drops to -€11,245, the lowest in the series.
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 31 days late
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 31 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 9 acts read
About the unread acts
We know of 9 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Have them read with priority
Sign in to place this company at the front of the reading queue.
Directors · office · real estate
Directors
9 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
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | JEAN-MICHEL DERICK AVENUE LOUISE 391 BTE 3,
1050 FR BRUXELLES 5 |
10-02-2025 → 30-09-2025 |