Equity
AVD has made a profit in every financial year since 2023.
AVD has made a profit in every financial year since 2023.
The micro format states no turnover.
Green is investment, beige is depreciation.
Short-term debts fell from €23,473 to €8,851.
The 2023 accounts came 31 days late. The other two were filed on time.
Higher solvency than 89% of companies in warehousing and transport support. Sector median 42.6% · 1,191 companies.
In July 2024, 39,278 companies had the same profile as AVD has now. Each dot stands for 99 companies, two years later.
Another 0.1% stopped without a precise date, possibly only after those two years.
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 39,278 companies, not a prediction for AVD. 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.
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
| Company | ||||
|---|---|---|---|---|
| AVD Sint-Gillis-Waas | €74,467 | €44,495 | 88.1% | - |
| Weska Herentals | €43,440 | €55,189 | 6.1% | - |
| Lennert Egghe Sint-Gillis-Waas | €105,250 | €82,163 | 60.5% | - |
| IGNACE VAN DAM Beveren-Kruibeke-Zwijndrecht | €109,320 | €86,433 | 79.7% | - |
| B Flexee BENELUX Grâce-Hollogne | €134,623 | €82,349 | 14.8% | 1 |
| Serge.P Handling Antwerp | €97,321 | €25,397 | 88.0% | - |
| SANDYWIM Sint-Gillis-Waas | €220,711 | €104,379 | 74.2% | - |
These companies have the same main activity as AVD: warehousing and support activities for transportation (NACE 52241). They are comparable in size and age: total assets between €43,400 and €221,000, founded between 2022 and 2024.
AVD files the micro format. That format states no turnover. The gross margin rose from €14,874 in 2023 to €44,495 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.
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