AVCI
ActiveSummary
AVCI has been active since 2014 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €114k and a net result of €36k. Equity is growing by ~22.7% per year across the filed fiscal years. Its solvency ranks better than 57% of 36375 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 1.0% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability90▲+30
Solvency78▼-1
Growth78=
Track record100
Bankruptcy probability, 12 months
1.0%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €8k at 30 days acceptable
Liquidity ample (current ratio 1.93 against 1.97 in 2023; short-term debt: 47% and cash: 36.7% of total assets), and 47% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Three 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
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← 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
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 03-07-2025, 28 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
28 d early
2023
30 d early
2022
31 d early
2021
10 d early
2020
33 d early
2019
36 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Equity
€114k▲ 19.3%
2023 · €96k
2018: €39klowest in 7 years
2019: €41k▲ +5.5% vs 2018
2020: €47k▲ +15.4% vs 2019
2021: €80k▲ +69.5% vs 2020
2022: €98k▲ +22.7% vs 2021
2023: €96k▼ -2.5% vs 2022
2024: €114k▲ +19.3% vs 2023highest in 7 years
2018 → 2024
Total assets
€215k▲ 21.5%
2023 · €177k
2018: €100klowest in 7 years
2019: €113k▲ +12.5% vs 2018
2020: €133k▲ +18.0% vs 2019
2021: €132k▼ -0.5% vs 2020
2022: €141k▲ +7.0% vs 2021
2023: €177k▲ +25.3% vs 2022
2024: €215k▲ +21.5% vs 2023highest in 7 years
2018 → 2024
Net result
€36k▲ 137%
2023 · €15k
2018: €7k
2019: €2k▼ -70.8% vs 2018lowest in 7 years
2020: €6k▲ +195% vs 2019
2021: €33k▲ +420% vs 2020
2022: €18k▼ -44.7% vs 2021
2023: €15k▼ -16.0% vs 2022
2024: €36k▲ +137% vs 2023highest in 7 years
2018 → 2024
Working capital
€94k▲ 18.5%
2023 · €79k
2018: €39k
2019: €38k▼ -0.4% vs 2018
2020: €7k▼ -83.0% vs 2019lowest in 7 years
2021: €73k▲ +1012% vs 2020
2022: €80k▲ +10.4% vs 2021
2023: €79k▼ -1.2% vs 2022
2024: €94k▲ +18.5% vs 2023highest in 7 years
2018 → 2024
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€47k-€80k▲ 69.5%€98k▲ 22.7%€96k▼ 2.5%€114k▲ 19.3%
2020: €47klowest in 5 years
2021: €80k▲ +69.5% vs 2020
2022: €98k▲ +22.7% vs 2021
2023: €96k▼ -2.5% vs 2022
2024: €114k▲ +19.3% vs 2023highest in 5 years
Operating result€23k-€61k▲ 169%€36k▼ 40.6%€37k▲ 1.6%€71k▲ 92.7%
2020: €23klowest in 5 years
2021: €61k▲ +169% vs 2020
2022: €36k▼ -40.6% vs 2021
2023: €37k▲ +1.6% vs 2022
2024: €71k▲ +92.7% vs 2023highest in 5 years
Net result€6k-€33k▲ 420%€18k▼ 44.7%€15k▼ 16.0%€36k▲ 137%
2020: €6klowest in 5 years
2021: €33k▲ +420% vs 2020
2022: €18k▼ -44.7% vs 2021
2023: €15k▼ -16.0% vs 2022
2024: €36k▲ +137% vs 2023highest in 5 years
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed two years in a row; 2024 is 93% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €215k
Fixed assets
€20k ▲ 23.3%
Current assets
€195k ▲ 21.4%
Equity and liabilities €215k
Equity
€114k ▲ 19.3%
Debt
€101k ▲ 24.2%
Debt's share of the balance-sheet total rises from 46.0% to 47.0%. Equity and debt are higher.
Key figures and ratios
EBITDA
€83k▲
2023 · €49k
Cash flow
€48k▲
2023 · €27k
Current ratio
1.93▼
2023 · 1.97
Debt to equity
0.89▲
2023 · 0.85
ROE
31.6%▲
2023 · 15.9%
ROA
16.8%▲
2023 · 8.6%
Interest coverage
9.56▲
2023 · 3.70
Debt ≤ 1 year
€101k▲
2023 · €81k
Income taxes
€27k▲
2023 · €9k
Staff costs
€15k▲
2023 · €5k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2024 against 2023 · 44 lines
Balance sheet
Code20232024
Assets
Total assets20/58€177k€215k▲
Fixed assets21/28€16k€20k▲
Tangible fixed assets22/27€13k€15k▲
Plant, machinery and equipment23€7k€3k▼
Furniture and vehicles24€7k€12k▲
Financial fixed assets28€3k€5k▲
Current assets29/58€161k€195k▲
Amounts receivable within one year40/41€141k€116k▼
Trade receivables40€66k€37k▼
Other amounts receivable41€74k€80k▲
Cash at bank and in hand54/58€20k€79k▲
Equity and liabilities
Total equity and liabilities10/49€177k€215k▲
Equity10/15€96k€114k▲
Contributions10/11€17k€17k=
Reserves13€2k€2k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Profit (loss) carried forward14€77k€96k▲
Amounts payable17/49€81k€101k▲
Amounts payable within one year42/48€81k€101k▲
Current portion of amounts payable after more than one year42€4k-
Trade debts44€70k€75k▲
Suppliers440/4€70k€75k▲
Taxes, remuneration and social security45€7k€26k▲
Taxes450/3€7k€26k▲
Remuneration and social security454/9€10€10=
Income statement
Code20232024
Remuneration, social security and pensions62€5k€15k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€12k€12k▼
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€10k-
Other operating charges640/8€4k€2k▼
Gross operating margin9900€68k€100k▲
Operating profit (loss)9901€37k€71k▲
Financial income75/76B€669€356▼
Recurring financial income75€669€356▼
Financial charges65/66B€13k€9k▼
Recurring financial charges65€13k€9k▼
Profit (loss) for the period before taxes9903€24k€63k▲
Income taxes67/77€9k€27k▲
Profit (loss) for the period9904€15k€36k▲
Profit (loss) for the period to be appropriated9905€15k€36k▲
Appropriation of the result
Profit (loss) to be appropriated9906€95k€113k▲
Profit (loss) brought forward from the previous period14P€80k€77k▼
Profit to be distributed694/7€18k€18k=
Return on contributions (dividend)694€18k€18k=
The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €4k | €6k | €5k | €15k | ▲ 169% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €13k | €34k | €3k | €12k | €12k | ▼ 1.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | €10k | - | - |
| Other operating charges640/8 | - | €3k | €3k | €4k | €2k | ▼ 38.4% |
| Gross operating margin9900 | €40k | €102k | €50k | €68k | €100k | ▲ 46.1% |
| Operating profit (loss)9901 | €23k | €61k | €36k | €37k | €71k | ▲ 92.7% |
| Financial income75/76B | - | €603 | €3k | €669 | €356 | ▼ 46.7% |
| Recurring financial income75 | €225 | €603 | €3k | €669 | €356 | ▼ 46.7% |
| Financial charges65/66B | - | €13k | €12k | €13k | €9k | ▼ 34.3% |
| Recurring financial charges65 | €9k | €13k | €12k | €13k | €9k | ▼ 34.3% |
| Profit (loss) for the period before taxes9903 | €14k | €48k | €27k | €24k | €63k | ▲ 157% |
| Income taxes67/77 | €8k | €16k | €9k | €9k | €27k | ▲ 191% |
| Profit (loss) for the period9904 | €6k | €33k | €18k | €15k | €36k | ▲ 137% |
| Profit (loss) for the period to be appropriated9905 | €6k | €33k | €18k | €15k | €36k | ▲ 137% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €133k | €132k | €141k | €177k | €215k | ▲ 21.5% |
| Fixed assets21/28 | €41k | €7k | €18k | €16k | €20k | ▲ 23.3% |
| Tangible fixed assets22/27 | €38k | €4k | €15k | €13k | €15k | ▲ 12.1% |
| Plant, machinery and equipment23 | - | - | - | €7k | €3k | ▼ 56.4% |
| Furniture and vehicles24 | - | €4k | €15k | €7k | €12k | ▲ 79.3% |
| Financial fixed assets28 | €3k | €3k | €3k | €3k | €5k | ▲ 73.3% |
| Current assets29/58 | €92k | €125k | €123k | €161k | €195k | ▲ 21.4% |
| Amounts receivable after more than one year29 | - | - | €11k | - | - | - |
| Other amounts receivable291 | - | - | €11k | - | - | - |
| Amounts receivable within one year40/41 | €60k | €87k | €90k | €141k | €116k | ▼ 17.5% |
| Trade receivables40 | - | €5k | €39k | €66k | €37k | ▼ 44.9% |
| Other amounts receivable41 | - | €81k | €51k | €74k | €80k | ▲ 7.0% |
| Cash at bank and in hand54/58 | €21k | €38k | €22k | €20k | €79k | ▲ 293% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €133k | €132k | €141k | €177k | €215k | ▲ 21.5% |
| Equity10/15 | €47k | €80k | €98k | €96k | €114k | ▲ 19.3% |
| Contributions10/11 | - | €17k | €17k | €17k | €17k | = |
| Reserves13 | €2k | €2k | €2k | €2k | €2k | = |
| Non-distributable reserves130/1 | - | €2k | €2k | €2k | €2k | = |
| Reserves not available under the articles1311 | - | €2k | €2k | €2k | €2k | = |
| Profit (loss) carried forward14 | €29k | €62k | €80k | €77k | €96k | ▲ 23.9% |
| Amounts payable17/49 | €86k | €52k | €43k | €81k | €101k | ▲ 24.2% |
| Amounts payable within one year42/48 | €86k | €52k | €43k | €81k | €101k | ▲ 24.2% |
| Current portion of amounts payable after more than one year42 | - | €5k | €4k | €4k | - | - |
| Trade debts44 | €77k | €45k | €35k | €70k | €75k | ▲ 6.9% |
| Suppliers440/4 | - | €45k | €35k | €70k | €75k | ▲ 6.9% |
| Taxes, remuneration and social security45 | - | €3k | €4k | €7k | €26k | ▲ 269% |
| Taxes450/3 | - | €3k | €4k | €7k | €26k | ▲ 270% |
| Remuneration and social security454/9 | - | €87 | €201 | €10 | €10 | = |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €6k | €33k | €18k | €15k | €36k | ▲ 137% |
| + Depreciation and write-downs630 | €13k | €34k | €3k | €12k | €12k | ▼ 1.6% |
| Operating cash flow (approximation) | €20k | €67k | €22k | €27k | €48k | ▲ 76.7% |
| Investment in fixed assets (approximation) | - | €-501 | €-14k | €-10k | €-15k | ▼ 49.5% |
| Change in cash | - | €17k | €-16k | €-2k | €59k | ▲ 3,116% |
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
03-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Highest result since 2018net €36k ▲137%
Operating result €71k, net result €36k, both a record.
31-12
Financial
Equity above €100kEq €114k ▲19.3%
7 profitable years in a row build equity to €114k.
01-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
30-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
21-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Liquidity doublescurrent ratio 2.40
Current ratio from 1.08 to 2.40; short-term debt falls from €86k to €52k.
28-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
25-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Weakest financial yearnet €2k ▼70.8%
Net result drops to €2k, the lowest in the series; recovery starts the following year.
28-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 28 days late
2018
22-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 22 days late
2017
29-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 29 days late
2016
05-08
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 5 days late
Financial 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
Registered office, Zonhoven · 1 establishment unit since 2014
Ground area
905 m²
Building footprint
209 m²
Volume, LiDAR
1,406 m³
Parcel 71443F0616/00A002, Flanders · tallest building 10.8 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
AVCI BV
since 20142.233.835.071
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71443F0616/00A002 | Flanders | 905 m² | 1 · 209 m² | 10.8 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
A-BEL DECORATION
BE 0764.711.079
Pecq · Eq €114,226
ELEGANCIA
BE 0455.484.185
Brecht · Eq €114,021
Schilderwerken NS
BE 1008.402.892
Aalst · Eq €114,591
DEKORATIE VANLERBERGHE WOUTER
BE 0808.833.213
Anzegem · Eq €113,602
INTEGRALE SAMENWERKING MET BEDRIJVEN
BE 0433.891.193
Genk · Eq €114,921
Of 7,863 companies in sector 43341 we hold annual accounts for 2,663. 2,233 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded06-05-2014
Fiscal year end31-12
Activities, NACEBEL 2025
43310Plastering work
43341Painting of buildings
68121Development of residential building projects
43320Joinery installation
Scores and ratios are computed by Checked and are not a credit decision.