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AVE Projects

Active
Private limited companyfounded 2024active for 2 yearsPatriottenstraat 40:42, 8301 Knokke-Heist, BelgiumKBO/BCE: BE 1014.374.728
Summary

The computed 12-month bankruptcy probability of AVE Projects is 3.7% (moderate). The 2025 annual accounts show negative equity (-€30,607) and a net result of -€33,607. Its solvency ranks better than 21% of 1,341 sector peers (NACE 96, financial year 2025). The company has been active since 2024 and the Belgian Official Gazette contains no insolvency or warning signals.

Financials · financial year 2025, abbreviated format

Equity
-€30,607
Total assets
€259,283
Net result
-€33,607
Working capital
-€6,929

Turnover and EBIT margin not published: the abbreviated format does not require them.

Balance-sheet composition
Assets €259,283
Fixed assets €246,306
Current assets €12,978
Equity and liabilities
Equity-€30,607
Debt€289,891
Equity is negative: debt (€289,891) exceeds the balance-sheet total (€259,283).
Key figures and ratios
2025 value
EBITDA
-€288
Cash flow
-€2,708
Solvency
-11.8%
Current ratio
0.65
ROA
-13.0%
Interest coverage
-0.12
Debt
€289,891
Debt ≤ 1 year
€19,907
Debt > 1 year
€268,397
No debt to equity: equity is negative, so debt divided by equity means nothing.

Peer companies

Historical observation

Of the 7,638 companies that looked in July 2024 the way this one looks now, 8.9% went bankrupt within 24 months and 84.9% are still going.

  • Micro
  • 2 to 5 years old
  • negative equity
  • a loss of 10% of the balance sheet or more
8.9% went bankrupt
5.6% stopped otherwise
84.9% still going

A further 0.7% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a bankruptcy probability of 3.7% over twelve months; the group does not contradict it.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,473 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.

The companies in ten equal groups, from lowest to highest expected share.
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% 1.0%
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%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74.5% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.

An observation about 7,638 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.

Annual accounts
Filed annual accounts As filed with the NBB · 2025 · 38 lines
Balance sheet Code2025
Assets
Total assets20/58€259,283
Fixed assets21/28€246,306
Tangible fixed assets22/27€246,306
Land and buildings22€239,283
Plant, machinery and equipment23€4,677
Furniture and vehicles24€2,345
Current assets29/58€12,978
Amounts receivable within one year40/41€5,154
Other amounts receivable41€5,154
Cash at bank and in hand54/58€7,330
Deferred charges and accrued income490/1€494
Equity and liabilities
Total equity and liabilities10/49€259,283
Equity10/15-€30,607
Contributions10/11€3,000
Profit (loss) carried forward14-€33,607
Amounts payable17/49€289,891
Amounts payable after more than one year17€268,397
Financial debts170/4€268,397
Amounts payable within one year42/48€19,907
Current portion of amounts payable after more than one year42€15,743
Trade debts44€459
Suppliers440/4€459
Taxes, remuneration and social security45€3,705
Taxes450/3€2,205
Remuneration and social security454/9€1,500
Accrued charges and deferred income492/3€1,587
Income statement Code2025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€30,899
Other operating charges640/8€2,011
Gross operating margin9900€1,723
Operating profit (loss)9901-€31,187
Financial income75/76B€1
Recurring financial income75€1
Financial charges65/66B€2,421
Recurring financial charges65€2,421
Profit (loss) for the period before taxes9903-€33,607
Profit (loss) for the period9904-€33,607
Profit (loss) for the period to be appropriated9905-€33,607
Appropriation of the result
Profit (loss) to be appropriated9906-€33,607

The notes to these accounts (16 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line2025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€30,899
Other operating charges640/8€2,011
Gross operating margin9900€1,723
Operating profit (loss)9901-€31,187
Financial income75/76B€1
Recurring financial income75€1
Financial charges65/66B€2,421
Recurring financial charges65€2,421
Profit (loss) for the period before taxes9903-€33,607
Profit (loss) for the period9904-€33,607
Profit (loss) for the period to be appropriated9905-€33,607
Line2025
Assets
Total assets20/58€259,283
Fixed assets21/28€246,306
Tangible fixed assets22/27€246,306
Land and buildings22€239,283
Plant, machinery and equipment23€4,677
Furniture and vehicles24€2,345
Current assets29/58€12,978
Amounts receivable within one year40/41€5,154
Other amounts receivable41€5,154
Cash at bank and in hand54/58€7,330
Deferred charges and accrued income490/1€494
Equity and liabilities
Total equity and liabilities10/49€259,283
Equity10/15-€30,607
Contributions10/11€3,000
Profit (loss) carried forward14-€33,607
Amounts payable17/49€289,891
Amounts payable after more than one year17€268,397
Financial debts170/4€268,397
Amounts payable within one year42/48€19,907
Current portion of amounts payable after more than one year42€15,743
Trade debts44€459
Suppliers440/4€459
Taxes, remuneration and social security45€3,705
Taxes450/3€2,205
Remuneration and social security454/9€1,500
Accrued charges and deferred income492/3€1,587
Line2025
Profit (loss) for the period9904-€33,607
+ Depreciation and write-downs630€30,899
Operating cash flow (approximation)-€2,708

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

Download as CSV

Filings with the National Bank (1)
Financial year Type Filed Reference
31-12-2025 abbreviated format 24-07-2026 2026-00332713

Similar companies · same sector and region

This company's figures show no positive equity and no headcount, so a size comparison is not possible. These companies share only the sector and the region. Of the 24,930 active companies whose main activity is beauty care and other beauty treatments (NACE 96220), figures are known for 1,455. See the whole sector

Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.