AVCIM
ActiveSummary
AVCIM has been active since 2009 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €162,462 and a net result of €8,612. Equity is growing by ~4.7% per year across the filed fiscal years. Its solvency ranks better than 37% of 36377 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.9% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability36▼-1
Solvency60▼-1
Growth52=
Track record100
Bankruptcy probability, 12 months
0.9%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €8,000 at 30 days acceptable
Liquidity ample (current ratio 2.03 against 2.58 in 2023; short-term debt: 26.7% and cash: 1.4% of total assets), but 65.3% of the assets are financed with debt.
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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 23-06-2025, 38 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
38 d early
2023
30 d early
2022
32 d early
2021
25 d early
2020
40 d early
2019
36 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 34 days before the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, micro schema
Equity
€162,462▲ 5.6%
2023 · €153,849
Total assets
€467,876▲ 9.9%
2023 · €425,867
Net result
€8,612▲ 68.2%
2023 · €5,122
Working capital
€128,411▲ 0.5%
2023 · €127,806
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
Line20202021202220232024
Operating result€29,546▼ 12.2%€10,258▼ 65.3%-€7,255€27,187€32,154▲ 18.3%
Net result€12,115▼ 42.3%€14,832▲ 22.4%-€6,113€5,122€8,612▲ 68.2%
Equity€140,008▲ 9.5%€154,840▲ 10.6%€148,728▼ 3.9%€153,849▲ 3.4%€162,462▲ 5.6%
Total assets€443,804▲ 105%€512,518▲ 15.5%€399,902▼ 22.0%€425,867▲ 6.5%€467,876▲ 9.9%
Debt€303,795▲ 241%€357,677▲ 17.7%€251,174▼ 29.8%€272,017▲ 8.3%€305,415▲ 12.3%
Working capital€128,934▼ 0.7%€138,971▲ 7.8%€127,902▼ 8.0%€127,806▼ 0.1%€128,411▲ 0.5%
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 18% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €467,876
Fixed assets
€214,310 ▼ 1.4%
Current assets
€253,567 ▲ 21.6%
Equity and liabilities €467,876
Equity
€162,462 ▲ 5.6%
Debt
€305,415 ▲ 12.3%
Debt's share of the balance-sheet total rises from 63.9% to 65.3%. Equity and debt are higher.
Key figures and ratios
EBITDA
€38,246▲
2023 · €32,909
Cash flow
€14,704▲
2023 · €10,843
Current ratio
2.03▼
2023 · 2.58
Debt to equity
1.88▲
2023 · 1.77
ROE
5.3%▲
2023 · 3.3%
ROA
1.8%▲
2023 · 1.2%
Interest coverage
1.83▼
2023 · 2.05
Debt ≤ 1 year
€125,156▲
2023 · €80,652
Debt > 1 year
€180,259▼
2023 · €191,365
Income taxes
€4,001▼
2023 · €6,494
Staff costs
€398▼
2023 · €1,895
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €5,523 | - | €1,895 | €398 | ▼ 79.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €4,084 | €5,818 | €5,818 | €5,722 | €6,092 | ▲ 6.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | €47,301 | - | - | - | - |
| Other operating charges640/8 | - | €2,125 | €4,074 | €3,914 | €17,373 | ▲ 344% |
| Gross operating margin9900 | €66,072 | €71,025 | €2,637 | €38,717 | €56,017 | ▲ 44.7% |
| Operating profit (loss)9901 | €29,546 | €10,258 | -€7,255 | €27,187 | €32,154 | ▲ 18.3% |
| Financial income75/76B | - | €25,753 | €9,736 | €505 | €1,390 | ▲ 175% |
| Recurring financial income75 | €2,166 | €25,753 | €9,736 | €505 | €1,390 | ▲ 175% |
| Financial charges65/66B | - | €13,328 | €8,150 | €16,077 | €20,931 | ▲ 30.2% |
| Recurring financial charges65 | €12,055 | €13,328 | €8,150 | €16,077 | €20,931 | ▲ 30.2% |
| Profit (loss) for the period before taxes9903 | €19,657 | €22,684 | -€5,669 | €11,615 | €12,613 | ▲ 8.6% |
| Income taxes67/77 | €7,542 | €7,852 | €444 | €6,494 | €4,001 | ▼ 38.4% |
| Profit (loss) for the period9904 | €12,115 | €14,832 | -€6,113 | €5,122 | €8,612 | ▲ 68.2% |
| Profit (loss) for the period to be appropriated9905 | €12,115 | €14,832 | -€6,113 | €5,122 | €8,612 | ▲ 68.2% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €443,804 | €512,518 | €399,902 | €425,867 | €467,876 | ▲ 9.9% |
| Fixed assets21/28 | €234,766 | €228,948 | €223,130 | €217,408 | €214,310 | ▼ 1.4% |
| Tangible fixed assets22/27 | €232,916 | €227,098 | €221,280 | €215,558 | €212,460 | ▼ 1.4% |
| Land and buildings22 | - | €225,861 | €220,710 | €215,558 | €210,406 | ▼ 2.4% |
| Plant, machinery and equipment23 | - | €1,237 | €570 | - | - | - |
| Furniture and vehicles24 | - | - | - | - | €2,053 | - |
| Financial fixed assets28 | €1,850 | €1,850 | €1,850 | €1,850 | €1,850 | = |
| Current assets29/58 | €209,037 | €283,570 | €176,772 | €208,459 | €253,567 | ▲ 21.6% |
| Amounts receivable within one year40/41 | €203,950 | €253,634 | €170,425 | €182,111 | €246,912 | ▲ 35.6% |
| Trade receivables40 | - | €190,667 | €99,353 | €98,322 | €132,617 | ▲ 34.9% |
| Other amounts receivable41 | - | €62,967 | €71,071 | €83,789 | €114,295 | ▲ 36.4% |
| Current investments50/53 | - | - | €500 | - | - | - |
| Cash at bank and in hand54/58 | €5,088 | €29,936 | €5,847 | €6,347 | €6,655 | ▲ 4.8% |
| Deferred charges and accrued income490/1 | - | - | - | €20,000 | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €443,804 | €512,518 | €399,902 | €425,867 | €467,876 | ▲ 9.9% |
| Equity10/15 | €140,008 | €154,840 | €148,728 | €153,849 | €162,462 | ▲ 5.6% |
| Contributions10/11 | - | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Non-distributable reserves130/1 | - | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Reserves not available under the articles1311 | - | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Profit (loss) carried forward14 | €119,548 | €134,380 | €128,268 | €133,389 | €142,002 | ▲ 6.5% |
| Amounts payable17/49 | €303,795 | €357,677 | €251,174 | €272,017 | €305,415 | ▲ 12.3% |
| Amounts payable after more than one year17 | €223,692 | €213,079 | €202,304 | €191,365 | €180,259 | ▼ 5.8% |
| Financial debts170/4 | - | €213,079 | €202,304 | €191,365 | €180,259 | ▼ 5.8% |
| Amounts payable within one year42/48 | €80,103 | €144,599 | €48,870 | €80,652 | €125,156 | ▲ 55.2% |
| Current portion of amounts payable after more than one year42 | - | €10,613 | €10,775 | €10,939 | €11,106 | ▲ 1.5% |
| Financial debts43 | - | - | €20,831 | €23,317 | €15,551 | ▼ 33.3% |
| Credit institutions430/8 | - | - | €20,831 | €23,317 | €15,551 | ▼ 33.3% |
| Trade debts44 | €47,443 | €108,593 | €5,263 | €46,396 | €97,841 | ▲ 111% |
| Suppliers440/4 | - | €108,593 | €5,263 | €46,396 | €97,841 | ▲ 111% |
| Taxes, remuneration and social security45 | - | €14,853 | €2,002 | - | €658 | - |
| Taxes450/3 | - | €14,832 | - | - | €658 | - |
| Remuneration and social security454/9 | - | €20 | €2,002 | - | - | - |
| Other amounts payable47/48 | - | €10,539 | €10,000 | - | - | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €12,115 | €14,832 | -€6,113 | €5,122 | €8,612 | ▲ 68.2% |
| + Depreciation and write-downs630 | €4,084 | €5,818 | €5,818 | €5,722 | €6,092 | ▲ 6.5% |
| Operating cash flow (approximation) | €16,199 | €20,650 | -€294 | €10,843 | €14,704 | ▲ 35.6% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | -€2,994 | - |
| Change in cash | - | €24,848 | -€24,089 | €500 | €307 | ▼ 38.5% |
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
23-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
01-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Back to profitnet €5,122
Net result €5,122 after one loss-making year.
31-12
Financial
Equity above €150,000Eq €153,849 ▲3.4%
Equity rises from €148,728 to €153,849.
29-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Weakest financial yearnet -€6,113
Net result drops to -€6,113, the lowest in the series; recovery starts the following year.
06-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Equity above €150,000Eq €154,840 ▲10.6%
4 profitable years in a row build equity to €154,840.
21-06
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
Highest result since 2018net €21,008 ▲40%
Operating result €33,638, net result €21,008, both a record.
28-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
Show earlier events
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 4 acts read
About the unread acts
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.
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Directors · office · real estate
Directors
4 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, Kortessem · 1 establishment unit since 2009
Ground area
2.1 ha
Building footprint
282 m²
Volume, LiDAR
1,439 m³
Parcel 73040B0321/00E000, Flanders · tallest building 9.1 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
AVCIM
since 20092.177.914.472
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 73040B0321/00E000 | Flanders | 2.1 ha | 1 · 282 m² | 9.1 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
BILICI CONSTRUCT
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J&M BOUW
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Stucproject
BE 0718.847.402
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ROCHA
BE 0681.425.889
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R.T.T.
BE 0746.508.832
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Of 4,020 companies in sector 43310 we hold annual accounts for 1,747. 1,419 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
Founded20-02-2009
Fiscal year end31-12
Activities, NACEBEL 2025
43310Plastering work
43341Painting of buildings
Scores and ratios are computed by Checked and are not a credit decision.