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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 20% of 1,364 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.

Overview

Activity
Beauty care and other beauty treatments
NACE 96220
1 site
Size
€259,283total assets 2025
Equity
-€30,607
Loss
-€33,607
Turnover not published (abbreviated format)
Financial health
48 Fair Checked score 2025
Bankruptcy probabilitywithin 12 months
3.7%
Structure
2025 accounts 7 days early
Why 48raises risk1 change of registered office in 24 monthsFounded in 2024lowers riskFigures for financial year 2025 (filed 24-07-2026)Size: total assets €259,283Show the evidence

Checked score

Score 2025
48 / 100
Fair
Probability in this band: 1.5% to 4.2%
Financially better than 33% of its sector peers (NACE 96, micro)
Financial strength
Weak
Solvency 13
equity -11.8% of total assets
Liquidity 54
short-term debt 7.7% · cash 2.8%
Profitability 3
return on assets -13.0%
Bankruptcy probability, 12 months
3.7% Moderate
0%0.5%1.5%4%10%≥ 25%

About 4 in 100 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.7% (7,615 companies, NACE 96, micro)
Last 24 months 10-2025: 1.6%lowest value 11-2025: 1.6%● unchanged vs 10-2025lowest value 12-2025: 1.7%▲ +0.1 percentage points vs 11-2025 01-2026: 2.0%▲ +0.3 percentage points vs 12-2025 02-2026: 2.1%▲ +0.1 percentage points vs 01-2026 03-2026: 2.4%▲ +0.3 percentage points vs 02-2026 04-2026: 4.7%▲ +2.3 percentage points vs 03-2026 05-2026: 4.9%▲ +0.2 percentage points vs 04-2026 06-2026: 5.0%▲ +0.1 percentage points vs 05-2026highest value 07-2026: 4.8%▼ -0.2 percentage points vs 06-2026 08-2026: 3.6%▼ -1.2 percentage points vs 07-2026 09-2026: 3.7%▲ +0.1 percentage points vs 08-2026 10-2026: 3.7%● unchanged vs 09-2026
No credit on open account
Liquidity insufficient (current ratio 0.65, below 1; short-term debt: 7.7% and cash: 2.8% of total assets), and equity is negative.
How it is calculated

The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:

75-100 Excellent under 0.55%
60-74 Healthy 0.55% to 1.5%
45-59 Fair 1.5% to 4.2%
25-44 Weak 4.2% to 15.0%
0-24 Critical over 15.0%

Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 96, micro): better than 25% on solvency, 56% on liquidity and 18% on profitability.

The bankruptcy probability was computed on 25-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.

Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).

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Signals

Six signals.
lowers riskraises riskneutral
raises risk · 1 change of registered office in 24 months
Belgian Official Gazette
lowers risk · Figures for financial year 2025 (filed 24-07-2026)
NBB · annual accounts
raises risk · Founded in 2024
Companies of this age fail more often than older ones; how much that weighs depends on the rest of its profile.
KBO
lowers risk · Size: total assets €259,283
Companies of this size fail less often; how much that weighs depends on the rest of its profile.
NBB · annual accounts
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 24-07-2026, 7 days ahead of the deadline.
NBB · 1 filing
Deviation from the deadline
2025
7 days early
← before the deadline after the deadline →
Searched, nothing found (1)
neutral · No strike-offs in the KBO publications
Searched since incorporation in 2024.
KBO publications · our coverage
  1. Annual accounts filedfinancial year 2025 · abbreviated…
  2. Registered officeRegistered-office move
  3. IncorporationAppointments: VAN EIKENHORST Axelle Renée…

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 7,639 companies that looked in July 2024 the way this one looks now, 8.8% went bankrupt within 24 months and 84.8% are still going.

  • Micro
  • 2 to 5 years old
  • negative equity
  • a loss of 10% of the balance sheet or more
8.8% went bankrupt
5.6% stopped otherwise
84.8% 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 497,475 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% 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%

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 7,639 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 24,961 active companies whose main activity is beauty care and other beauty treatments (NACE 96220), figures are known for 1,477. See the whole sector

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

Directors

Directors
2 directors, no change since 2024
Diëgo BRAGARD
Director (not named in the articles) · since 30-09-2024
Current
VAN EIKENHORST Axelle Renée Andrée
Director (not named in the articles) · since 30-09-2024
Current
Derived from published Gazette deeds. The KBO keeps the official list of office holders; we do not read it, so the two can differ. See the directors and other office holders in the KBO →

Mandate history

2 people since 2024, 2 in office
Show
  • Board
Mandates per person, with start and end dates
Name Functions and periods
Diëgo BRAGARD
  • Director (not named in the articles), from 30-09-2024 to date
VAN EIKENHORST Axelle Renée Andrée
  • Director (not named in the articles), from 30-09-2024 to date
See the board, name and registered office on a given date →

Owners and capital

Capital and shareholders

Shareholders according to the deeds
At incorporation act of 02-10-2024 ↗

The Belgian Official Gazette names shareholders only when an act mentions them; the share register itself is not published.

Capital over the years
  1. 02-10-2024 Incorporation · €3,000 · 100 shares

Group and network

Connections & network

2 current directors
Depth

The network starts from this company’s directors. Other companies they run appear here as nodes.

This company Company Director Shareholding +N: links not shown yet Click a node to look further, drag to arrange, zoom with the mouse wheel.

History

AVE Projects was incorporated on 30 September 2024 as a private limited company by two natural persons, with a starting capital of €3,000.12 The registered office was moved to Knokke-Heist in 2026.3 The board currently has 2 members; 2 of them have served since 2024.2

  1. 1KBO register
  2. 2Belgian Official Gazette, 02-10-2024
  3. 3Belgian Official Gazette, 16-03-2026

Acts, filings and financial milestones

2026
24-07
NBB filing Annual accounts filed
financial year 2025 · abbreviated format
16-03
Gazette deed Registered office
Registered-office move2 facts ▸
  • General meeting, 15-02-2026
  • Registered-office move, Patriottenstraat 40/42, 8301 Knokke-Heist
2024
02-10
Gazette deed Incorporation
Appointments: VAN EIKENHORST Axelle Renée Andrée (director) and BRAGARD Diëgo (director) · Permanent representative: VAN EIKENHORST Axelle Renée Andrée · Founder14 facts ▸
  • Incorporation, 30-09-2024
  • Founder, BRAGARD Diëgo
  • Founder, VAN EIKENHORST Axelle Renée Andrée
  • Bank account, “BELFIUS BANK, BE57 0689 5354 9635” (deed in Dutch)
  • Registered office clause, “8301 Knokke-Heist, Anemonenlaan 14” (deed in Dutch)
  • Director appointment, VAN EIKENHORST Axelle Renée Andrée (director (not named in the articles))
  • Director appointment, BRAGARD Diëgo (director (not named in the articles))
  • Permanent representative, VAN EIKENHORST Axelle Renée Andrée
  • Pre-incorporation commitments, “takeover, alle verbintenissen, verplichtingen en activiteiten in naam en voor rekening van de vennootschap in oprichting” (deed in Dutch)
  • Power of attorney, LAMBERT ACCOUNTANCY
  • Power of attorney, Daniel Lambert
  • Other provision, “oprichtingskosten”, 1328.61 (deed in Dutch)
  • +2 further facts in this act
Gazette deedNBB filing
2 of 2 deeds read

Register details

Identification
Legal formPrivate limited company
Founded30-09-2024
Financial year end31-12
Activities, NACEBEL 2025
96220Beauty care and other beauty treatments
47120Other non-specialised retail sale
47715Retail trade
47750Retail sale of cosmetics and toilet articles
47784Retail sale of souvenirs and religious articles
96999Other personal services
E-invoicing
Reachable via Peppol
Peppol ID 0208:1014374728
Also 9925:BE1014374728
Registered 31-10-2024

If you follow this company, Checked tells you the day it leaves the Peppol register.

Register as of 26 October 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.

Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.

Sites & property

Location & real-estate footprint
Registered office, Knokke-Heist · 1 establishment unit since 2024
registered office establishment The establishment unit on the map
Ground area
349 m²
Building footprint
309 m²
Building volume
6,755 m³
Parcel 31337F0025/00A000, Flanders · tallest building 28.8 m. Linked by address, not a title deed.
1 establishment unit
AVE Projects
Patriottenstraat 40/42, 8301 Knokke-HeistBeauty care and other beauty treatments
since 2024unit no. 2.365.822.575
1 parcel
Flanders 1 (100%)
Cadastral parcel Region Area Buildings Height / floors
31337F0025/00A000 Flanders 348 m² 1 · 309 m² 28.8 m · 8
How the parcels are linked
Good to know
The parcel matches the address exactly.

Articles of association

What the company does

PurposeThe activities the company may carry out under its articles.
“Haarverzorging; Wassen, knippen, verven, onduleren, enzovoort van haar bij mannen, vrouwen en kinderen; Schoonheidsverzorging…” (deed in Dutch)
27 activities (deed in Dutch)
  1. Haarverzorging
  2. Wassen, knippen, verven, onduleren, enzovoort van haar bij mannen, vrouwen en kinderen
  3. Schoonheidsverzorging
  4. Schoonheidsspecialiste in de ruimste zin van het woord
  5. Verlenen van advies op het gebied van de schoonheidszorgen en gezichtsverzorging; het aanbrengen van make-up, enz
  6. Detailhandel in cosmetica en toiletartikelen in gespecialiseerde winkels
  7. Kleinhandel in sieraden en edelsmeedwerk
  8. Kleinhandel in schoonheidsartikelen
  9. Kleinhandel in imitatiesieraden, gadgets, enz.
  10. Overige detailhandel in nieuwe artikelen in gespecialiseerde winkels, n.e.g.
  11. Webhandel in alle voormelde producten en artikelen
  12. Manicure en pedicure
  13. Huidverzorging en epileren
  14. Diensten in verband met het lichamelijk welzijn, zoals verleend in inrichtingen voor thalassotherapie, kuuroorden, Turkse baden, sauna's, stoombaden, massagesalons, enz.
  15. Detailhandel in damesbovenkleding in gespecialiseerde winkels
  16. Detailhandel in herenbovenkleding in gespecialiseerde winkels
  17. Detailhandel in baby- en kinderbovenkleding in gespecialiseerde winkels
  18. Detailhandel in onderkleding, lingerie en strand- en badkleding in gespecialiseerde winkels
  19. Detailhandel in kledingaccessoires in gespecialiseerde winkels
  20. Detailhandel in dames-, heren-, baby- en kinderboven- en onderkleding en kledingaccessoires in gespecialiseerde winkels (algemeen assortiment)
  21. Detailhandel in schoeisel in gespecialiseerde winkels
  22. Detailhandel in lederwaren en reisartikelen in gespecialiseerde winkels
  23. Overige persoonlijke diensten
  24. Overige zakelijke dienstverlening, n.e.g.
  25. Management en consultancy
  26. Verkoop voeding, groothandel en detailhandel, productie, webshop voor voeding
  27. Online coaching

The full purpose is in the deed

DurationHow long the company exists; usually unlimited, so until it is dissolved.
Unlimited
Name clauseThe name the company operates under according to its articles.
AVE Projects
Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
“8301 Knokke-Heist, Anemonenlaan 14” (deed in Dutch)

deed of 02-10-2024

Who represents it, and how

Who signsWho may bind the company towards others, for example by signing a contract.
Each director alone
Board ruleHow the board is made up, meets and takes decisions.
“Vergoeding bestuurders, onbezoldigd” (deed in Dutch)
2 more provisions on this in the deed

deed of 02-10-2024

Capital, shares and profit

Profit allocationHow profit is distributed; a BV may only pay out after a balance-sheet and liquidity test.
“Bestuursorgaan, algemene vergadering” (deed in Dutch)

deed of 02-10-2024

Meetings and financial year

Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
Last Saturday of June at 14:00
Voting ruleWhich majority the meeting decides by, for example a simple or a special majority.
“Ieder aandeel geeft recht op één enkele stem” (deed in Dutch)

deed of 02-10-2024

Oversight and winding up

Statutory auditorA statutory auditor is a registered auditor who checks the accounts; small companies need not have one. According to the deed, the legal criteria do not require one here.
No statutory auditor
Dissolution ruleWhen and by whom the company can be dissolved.
“Op elk moment, beslissing van de algemene vergadering” (deed in Dutch)
Liquidation ruleHow assets are shared after dissolution: creditors first, then shareholders.
“Indien geen andere vereffenaar zou zijn benoemd, bestuurder(s) in functie” (deed in Dutch)

deed of 02-10-2024

Other provisionsOther rules from the articles that fall under none of the themes above.

Liquidation distribution: “Goederen die nog in natura voorhanden zijn op dezelfde wijze verdeeld, naar verhouding van het aantal aandelen dat zij bezitten” (deed in Dutch)
Other provision: “Dagelijks bestuur” (deed in Dutch)
Other provision: “De comparanten nemen eenparig de volgende beslissingen die slechts uitwerking hebben vanaf de neerlegging ter griffie van een uitgifte van…” (deed in Dutch)

deed of 02-10-2024