AVECOM

Active Public limited companyfounded 1995active for 31 yearsIndustrieweg 122p, 9032 GhentKBO/BCE: BE 0454.894.069

AVECOM

Financial year 2025

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Annual accounts 2025

abbreviated format, filed on 19-05-2026, 73 days before the deadline

€783,710

▼ 16.2%

€37,905

▼ 75.6%

€124,586

▼ 45.5%

€239,448

▼ 11.6%

75.2%

▲ 14.9 percentage points

2.94

▲ 1.17

Money flows

no detail for 2025

Balance sheet

balance sheet total €1.9m on 31-12-2025

What the company ownsHow it is paid for

in €m

in euro

Position in the sector

Compare with sector

75.2%

Higher than 82% of 11,297 companies in 2025.

2.94

Higher than 76% of 10,849 companies in 2025.

8.1%

Higher than 81% of 11,182 companies in 2025.

AVECOM Middle half of the sector 80% of the sector Abbreviated accounts in real estate (NACE 68)

Net result: top quarter · Equity: top quarter · Balance sheet total: middle half · Working capital: top quarter · Staff: top quarter

Staff

€80,446

Staff costs divided by the average number of full-time equivalents.

-4 people

people who joined people who left

In 2025, 2 people joined and 6 left.

Filed annual accounts

as filed with the National Bank, click a year to choose it

Line	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007
Balance sheet: assets
`20/58`	1.9m	2.4m	2.5m	2.7m	2.5m	2.5m	2.0m	1.9m	1.7m	1.6m	1.2m	1.2m	1.3m	1.2m	943,848	1.1m	966,207	1.2m	1.0m
`21/28`	653,383	749,381	410,110	601,613	319,383	317,303	365,215	395,509	463,711	481,149	491,448	393,433	408,835	406,992	401,016	462,255	511,492	573,959	536,194
`22/27`	178,132	274,130	260,060	179,202	169,533	167,453	215,366	245,659	313,862	331,300	326,583	353,568	376,478	380,022	374,046	433,035	486,642	549,109	536,144
`22`	0	81,107	82,257	77,032	79,804	95,758	120,864	147,431	173,997	195,894	221,868	248,338	274,807	295,051	321,078	348,771	364,735	397,022	432,850
`23`	152,571	161,830	136,489	94,254	81,461	57,988	71,779	79,998	109,306	88,983	56,709	45,038	40,216	38,676	35,178	56,088	80,037	121,847	59,521
`24`	25,561	31,192	41,314	7,915	8,268	13,708	22,723	18,230	30,559	46,423	48,006	60,192	61,455	46,295	17,790	28,176	41,870	30,240	43,773
`28`	475,251	475,251	150,050	422,411	149,850	149,850	149,850	149,850	149,850	149,850	164,865	39,865	32,357	26,970	26,970	29,220	24,850	24,850	50
`29/58`	1.2m	1.7m	2.1m	2.1m	2.2m	2.2m	1.7m	1.5m	1.3m	1.1m	672,340	802,581	925,834	820,944	542,832	607,875	454,715	599,926	480,344
`29`	50,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
`291`	50,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
`3`	-	-	-	-	8,096	19,820	8,052	16,408	4,451	13,689	5,194	11,887	3,516	11,443	5,907	1,996	12,169	9,243	18,532
`30/36`	-	-	-	-	8,096	19,820	8,052	16,408	4,451	13,689	5,194	11,887	3,516	11,443	5,907	1,996	12,169	9,243	18,532
`40/41`	606,400	579,322	501,104	517,137	542,651	542,294	393,083	181,655	317,401	247,802	259,538	159,172	309,812	251,540	273,885	265,766	318,626	313,757	257,697
`40`	143,711	235,692	215,531	189,228	185,359	196,026	186,176	151,715	220,660	167,762	235,939	133,875	282,504	251,540	244,745	249,299	305,838	303,186	251,632
`41`	462,689	343,630	285,573	327,909	357,292	346,268	206,907	29,940	96,741	80,040	23,599	25,297	27,308	-	29,140	16,467	12,788	10,571	6,065
`50/53`	227,077	565,075	504,006	18,295	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
`54/58`	327,961	531,065	1.1m	1.6m	1.6m	1.6m	1.3m	1.3m	964,391	807,517	407,608	631,522	612,506	557,961	263,040	340,113	123,920	276,926	204,115
`490/1`	19,064	4,655	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Balance sheet: equity and liabilities
`10/49`	1.9m	2.4m	2.5m	2.7m	2.5m	2.5m	2.0m	1.9m	1.7m	1.6m	1.2m	1.2m	1.3m	1.2m	943,848	1.1m	966,207	1.2m	1.0m
`10/15`	1.4m	1.5m	1.8m	1.7m	1.8m	1.7m	1.6m	1.5m	1.5m	1.1m	904,633	854,383	824,612	750,107	696,827	669,469	581,787	557,045	477,768
`10/11`	61,500	62,000	62,000	62,000	62,000	62,000	62,000	62,000	62,000	62,000	62,000	62,000	62,000	62,000	62,000	62,000	62,000	62,000	62,000
`10`	61,500	62,000	62,000	62,000	62,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-
`100`	61,500	62,000	62,000	62,000	62,000	62,000	62,000	62,000	62,000	62,000	62,000	62,000	62,000	62,000	62,000	62,000	62,000	62,000	62,000
`13`	1.2m	1.3m	1.6m	1.6m	1.6m	1.6m	1.5m	1.4m	1.4m	992,913	842,633	792,383	762,612	688,107	634,827	607,469	519,787	495,045	415,768
`130/1`	6,150	6,200	6,200	6,200	6,200	6,200	-	-	-	-	-	-	-	-	-	-	-	-	-
`130`	6,150	6,200	6,200	6,200	6,200	6,200	6,200	6,200	6,200	6,200	6,200	6,200	6,200	6,200	6,200	6,200	6,200	6,200	6,200
`133`	1.2m	1.3m	1.6m	1.6m	1.6m	1.6m	1.5m	1.4m	1.4m	986,713	836,433	786,183	756,412	681,907	628,627	601,269	513,587	488,845	409,568
`14`	132,772	113,086	113,086	83,410	121,048	-	-	-	-	-	-	-	-	-	-	-	-	-	-
`15`	-	-	0	668	2,260	4,831	8,697	17,262	31,268	35,196	-	-	-	-	-	-	-	-	-
`17/49`	466,699	964,306	751,257	964,897	733,892	831,986	465,541	374,777	290,369	460,048	259,155	341,631	510,057	477,829	247,021	400,661	384,420	616,840	538,770
`17`	-	-	-	-	-	-	-	-	-	-	-	14,583	49,583	84,583	119,583	154,583	189,583	224,583	259,583
`170/4`	-	-	-	-	-	-	-	-	-	-	-	14,583	49,583	84,583	119,583	154,583	189,583	224,583	259,583
`42/48`	418,235	950,119	743,373	964,897	710,392	831,986	465,541	374,777	290,369	460,048	259,155	327,048	460,474	393,246	127,438	246,078	194,837	392,257	279,187
`43`	76,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	11,324	20,806	17,646	24,595
`430/8`	76,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	11,324	20,806	17,646	24,595
`44`	112,768	83,187	123,864	102,582	102,324	129,564	103,567	113,610	215,217	126,961	70,464	74,188	93,719	63,254	32,120	57,106	43,973	187,630	63,675
`440/4`	112,768	83,187	123,864	102,582	102,324	129,564	103,567	113,610	215,217	126,961	70,464	74,188	93,719	63,254	32,120	57,106	43,973	187,630	63,675
`46`	19,832	277,305	287,110	591,160	353,675	513,716	226,154	130,000	29,500	121,700	105,000	133,609	208,952	190,131	-	-	-	-	-
`45`	93,235	104,626	132,400	71,156	54,392	78,706	85,820	84,127	45,652	106,386	83,691	97,651	97,803	99,051	71,493	104,998	55,658	72,981	100,917
`450/3`	3,600	25,096	14,931	10,035	10,231	11,844	3,753	24,627	3,754	45,000	2,462	15,611	30,032	19,284	19,862	35,586	16,483	19,701	28,452
`454/9`	89,635	79,530	117,469	61,120	44,161	66,862	82,066	59,500	41,898	61,386	81,229	82,040	67,771	79,767	51,631	69,412	39,175	53,280	72,465
`47/48`	116,400	485,000	200,000	200,000	200,000	110,000	50,000	47,040	-	105,000	-	21,600	60,000	40,810	23,825	72,650	74,400	114,000	90,000
`492/3`	48,464	14,187	7,884	-	23,500	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Income statement
`70`	-	-	-	-	-	1.1m	1.0m	1.1m	1.4m	1.4m	1.2m	1.0m	952,665	1.1m	898,439	1.0m	1.2m	1.5m	882,024
`76A`	2,964	1,334	0	3,306	-	-	-	6,750	-	593	4,000	-	-	487	278	-	-	-	-
`9900`	783,710	935,475	930,152	782,751	941,943	917,765	835,749	875,222	1.0m	1.0m	912,507	940,500	1.0m	827,417	740,616	949,428	632,458	866,659	686,546
`60/61`	-	-	-	-	-	783,843	716,797	769,299	883,763	904,694	780,026	620,239	480,566	423,417	298,905	248,265	586,029	708,098	310,405
`62`	651,609	701,874	703,777	555,190	551,322	610,579	648,335	654,172	555,216	627,714	777,231	773,407	698,844	594,826	565,925	583,009	453,737	514,399	452,805
`630`	86,681	73,361	58,080	44,326	57,153	74,963	86,573	88,573	97,736	92,763	81,328	72,650	71,720	66,485	82,124	88,926	97,449	105,804	88,991
`640/8`	7,514	5,102	15,206	5,974	6,104	6,953	13,999	8,685	4,920	5,744	6,252	5,525	6,360	7,217	4,211	3,812	4,916	5,705	4,024
`66A`	-	0	653	-	-	-	-	2,058	-	29	-	-	-	-	7,524	1,783	36	1,441	-
`9901`	37,905	155,138	152,436	177,261	327,364	225,269	86,842	121,734	383,432	304,734	47,696	88,918	232,878	158,889	88,356	273,681	76,356	240,751	140,726
`75/76B`	116,815	59,147	98,394	3,935	2,610	4,234	15,604	14,057	14,607	11,908	888	3,230	4,585	4,243	3,093	1,368	1,627	625	592
`75`	116,815	59,147	10,090	3,402	2,610	4,234	15,604	14,057	14,607	11,908	888	3,230	4,585	4,243	3,093	1,368	1,627	625	592
`76B`	-	0	88,304	533	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
`65/66B`	1,544	1,364	2,231	1,638	3,767	3,998	-63	729	700	15,971	797	2,156	3,402	4,828	6,082	10,104	13,473	14,974	16,512
`65`	1,544	1,364	2,231	1,638	3,767	3,998	-63	729	700	15,971	797	2,156	3,402	4,828	6,082	10,104	13,473	14,974	16,512
`9903`	153,176	212,921	248,598	179,559	326,207	225,505	102,510	135,062	397,339	300,671	51,787	89,992	234,061	158,791	78,121	263,162	64,474	224,961	124,806
`67/77`	409	15,404	18,922	17,197	1,424	2,024	736	645	23,934	392	1,537	31,421	79,556	52,511	23,263	87,980	15,732	71,684	37,716
`9904`	152,767	197,517	229,676	162,362	324,783	223,480	101,774	134,417	373,405	300,280	50,250	58,571	154,505	106,280	54,858	175,182	48,742	153,277	87,090
`9905`	152,767	197,517	229,676	162,362	324,783	223,480	101,774	134,417	373,405	300,280	50,250	58,571	154,505	106,280	54,858	175,182	48,742	153,277	87,090
Appropriation of the result
`9906`	252,772	310,603	313,086	283,410	324,783	223,480	101,774	134,417	373,405	300,280	50,250	58,571	154,505	106,280	54,858	175,182	48,742	153,277	87,090
`14P`	100,005	113,086	83,410	121,048	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
`791/2`	0	302,483	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
`691/2`	-	-	-	-	-	107,280	51,774	67,217	373,405	150,280	50,250	29,771	74,505	53,280	27,358	87,682	24,742	79,277	43,090
`6921`	-	-	-	-	-	107,280	51,774	67,217	373,405	150,280	50,250	29,771	74,505	53,280	27,358	87,682	24,742	79,277	43,090
`694/7`	120,000	500,000	200,000	200,000	203,735	116,200	50,000	67,200	-	150,000	-	28,800	80,000	53,000	27,500	87,500	24,000	74,000	44,000
`694`	120,000	500,000	200,000	200,000	200,000	110,000	50,000	67,200	-	150,000	-	28,800	80,000	53,000	27,500	87,500	24,000	74,000	44,000
`696`	-	-	-	-	3,735	6,200	-	-	-	-	-	-	-	-	-	-	-	-	-
Social balance sheet
`9087`	8.1	0	9.6	7.7	7.6	9.2	10.5	9	9.7	10.2	12.6	13.6	11.5	9.6	9.2	9.6	8.5	9.7	9.2
Hours worked`1013`	13,468	-	15,903	13,223	13,059	15,086	17,116	15,214	14,085	17,294	20,481	20,936	19,551	16,277	14,604	16,323	13,748	16,038	15,222
Document	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF

The accounts for 11 older financial years (1996-2006) were filed as documents without figures as data, scans for example.

The notes to these accounts have 23 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the filed accounts (PDF).

Source: Annual accounts 2025 (PDF), filed on 19-05-2026.

Download as CSV

Filings

each dot is a set of accounts, on the day it reached the National Bank

Financial year	Type	Filed	Reference	Document
31-12-2025	abbreviated format	19-05-2026	2026-00117072	PDF
31-12-2024	abbreviated format	09-05-2025	2025-00092978	PDF
31-12-2023	abbreviated format	02-05-2024	2024-00079630	PDF
31-12-2022	abbreviated format	12-05-2023	2023-00087565	PDF
31-12-2021	abbreviated format	28-07-2022	2022-20249948	PDF
31-12-2020	abbreviated format	09-07-2021	2021-34400050	PDF
31-12-2019	abbreviated format	17-06-2020	2020-17800163	PDF
31-12-2018	abbreviated format	24-05-2019	2019-14600151	PDF
31-12-2017	abbreviated format	31-08-2018	2018-60700437	PDF
31-12-2016	abbreviated format	26-06-2017	2017-21500534	PDF
31-12-2015	abbreviated format	29-08-2016	2016-52100371	PDF
31-12-2014	abbreviated format	31-08-2015	2015-53800559	PDF
31-12-2013	abbreviated format	29-08-2014	2014-55100523	PDF
31-12-2012	abbreviated format	28-08-2013	2013-51200270	PDF
31-12-2011	abbreviated format	28-08-2012	2012-48600535	PDF
31-12-2010	abbreviated format	25-08-2011	2011-44200592	PDF
31-12-2009	abbreviated format	29-07-2010	2010-36700337	PDF
31-12-2008	abbreviated format	29-07-2009	2009-50400363	PDF
31-12-2007	abbreviated format	18-07-2008	2008-44100318	PDF
31-12-2006	abbreviated format	24-07-2007	2007-44500174	PDF
31-12-2005	abbreviated format	27-07-2006	2006-55601430	PDF
31-12-2004	abbreviated format	28-07-2005	2005-59400090	PDF
31-12-2003	abbreviated format	07-10-2004	2004-72001817	PDF
31-12-2002	abbreviated format	31-07-2003	2003-58303813	PDF
31-12-2001	abbreviated format	02-08-2002	2002-45501390	PDF
31-12-2000	abbreviated format	01-08-2001	2001-47101347	PDF
31-12-1999	abbreviated format	04-07-2000	2000-36802622	PDF
31-12-1998	abbreviated format	28-09-1999	1999-49502427	PDF
31-12-1997	abbreviated format	31-07-1998	1998-38300324	PDF
31-12-1996	abbreviated format	04-08-1997	1997-36102146	PDF

Subsidies and aid

Flemish government 2022 to 2025, 11 entries, €413,254 awarded, €332,528 paid

Innovatieprojecten in de context van een speerpuntcluster

€398,726

Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)

€8,528

Subsidies voor internationaal ondernemen

€6,000

Year	Entries	Awarded	Paid
2025	4	€4,973	€48,973
2024	2	€4,439	€110,439
2023	3	€4,936	€172,936
2022	2	€398,906	€180

European Union 2022 to 2024, 9 entries, €1.7m in total

Horizon Europe

€1.7m

European Regional Development Fund (ERDF)

€72,572

Year	Entries	Awarded
2024	1	€0.08m
2023	3	€0.6m
2022	5	€1.0m

European research 18 projects, €4.8m EU contribution

Horizon 2020

€2.1m

Horizon Europe

€1.6m

Seventh Framework Programme

€1.2m

Projects

Production of advanced bioFUELS via pyrolysis and UPgrading of 100% biogenic residues for aviation and marine sector, including full valorisation of side streamsHorizon Europe, participant, 01-01-2024 to 31-12-2027, €532,156, FUEL-UP
Eco conversion of lower grade PET and mixed recalcitrant PET plastic waste into high performing biopolymersHorizon Europe, participant, 01-10-2022 to 30-09-2025, €514,500, EcoPlastiC
Demonstration of circular biofertilisers and implementation of optimized fertiliser strategies and value chains in rural communitiesHorizon 2020, participant, 01-01-2021 to 31-12-2024, €407,109, RUSTICA
Building a sustainable & circular economy through innovative, biobased manufacturing linesHorizon Europe, participant, 01-04-2022 to 31-03-2026, €399,875, NewWave
Bio Innovation of a Circular Economy for PlasticsHorizon 2020, participant, 01-01-2020 to 30-06-2024, €388,750, BioICEP
HIGH PERFORMANCE POLYHYDROXYALKANOATES BASED PACKAGING TO MINIMISE FOOD WASTEHorizon 2020, participant, 01-11-2017 to 30-04-2021, €350,175, YPACK
New tailor-made biopolymers produced from lignocellulosic sugars waste for highly demanding fire-resistant applicationsSeventh Framework Programme, participant, 01-08-2012 to 31-07-2016, €336,150, BRIGIT
Production of functional innovative ingredients from paper and agro-food side-streams through sustainable and efficient tailor-made biotechnological processes for food, feed, pharma and cosmeticsHorizon 2020, participant, 01-06-2019 to 30-11-2022, €279,288, INGREEN
Self-healing concrete to create durable and sustainable concrete structuresSeventh Framework Programme, participant, 01-01-2013 to 31-12-2016, €265,440, HEALCON
Self-healing, Multifunctional, Advanced Repair Technologies IN Cementitious SystemsHorizon 2020, participant, 01-12-2019 to 31-05-2024, €256,320, SMARTINCS
Microbial Resource Management and Engineering in the Urban Water CycleSeventh Framework Programme, participant, 01-09-2013 to 31-08-2017, €235,840, MERMAID
Training Network for Self-Healing Materials: from Concepts to MarketSeventh Framework Programme, participant, 01-01-2012 to 31-12-2015, €208,569, SHEMAT
Electricity driven Low Energy and Chemical input Technology foR Accelerated bioremediationHorizon 2020, participant, 01-01-2019 to 31-12-2022, €195,375, ELECTRA
Combining carboxylic acid production and fibre recovery as an innovative, cost-effective and sustainable pre-treatment process for heterogeneous bio-wasteHorizon 2020, participant, 01-06-2020 to 31-05-2023, €182,224, CAFIPLA
AgriLoop: Pushing the frontier of circular agriculture by converting residues into novel economic, social and environmental opportunitiesHorizon Europe, participant, 01-12-2022 to 30-11-2026, €144,209, AgriLoop
BIOTREATMENT OF DRINKING WATER RESOURCES POLLUTED BY PESTICIDES, PHARMACEUTICALS AND OTHER MICROPOLLUTANTSSeventh Framework Programme, participant, 01-01-2011 to 31-12-2014, €76,500, BIOTREAT
Mobilising the enzymatic potential of hydrocarbonoclastic bacteria and the oleaginous yeast Yarrowia lipolytica to create a powerful cellular production platform for lipid-derived industrial materialsSeventh Framework Programme, participant, 01-08-2008 to 31-07-2011, €60,000, LIPOYEASTS
Empowering Innovation for a Sustainable Plastic FutureHorizon Europe, associated partner, 01-01-2027 to 31-12-2030, SkillCirc
BIOTECH4FOOD - ACCELERATION OF NEW PROMISING CIRCULAR AGRI-FOOD VALUE CHAINS AND SUSTAINABLE BIO-INDUSTRIAL INTERREGIONAL INVESTMENT IN SMES BY INTEGRATION OF ADVANCED BIOTECHNOLOGYEuropean Regional Development Fund, 01-11-2023 to 31-10-2026, €72,572

Key figures and ratios

per financial year, computed from the annual accounts

2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007
124,586	228,499	210,515	221,587	384,517	300,232	173,415	210,308	481,168	397,498	129,024	161,568	304,598	225,374	170,480	362,607	173,805	346,555	229,717
239,448	270,878	287,756	206,688	381,936	298,444	188,346	222,990	471,141	393,043	131,578	131,221	226,225	172,765	136,982	264,108	146,191	259,081	176,081
77,732	437,432	139,188	326,556	59,233	27,051	56,280	43,178	80,298	101,048	194,825	57,352	75,683	71,974	23,450	41,472	35,018	145,010	68,668
-203,104	-572,647	-462,808	-75,139	29,669	356,793	-38,806	329,611	156,874	399,909	-223,914	19,016	54,545	294,921	-77,073	216,193	-153,006	72,811	-
812,266	729,998	1.4m	1.1m	1.5m	1.3m	1.2m	1.1m	995,875	608,960	413,185	475,533	465,360	427,698	415,394	361,797	259,878	207,669	201,157
-	-	-	-	-	21.3%	8.6%	10.6%	26.8%	21.6%	4.1%	8.6%	24.4%	14.2%	9.8%	26.4%	6.5%	16.2%	16.0%
75.2%	60.3%	70.2%	64.3%	70.8%	66.6%	77.0%	80.1%	83.4%	70.3%	77.7%	71.4%	61.8%	61.1%	73.8%	62.6%	60.2%	47.5%	47.0%
2.94	1.77	2.84	2.18	3.09	2.61	3.56	3.98	4.43	2.32	2.59	2.45	2.01	2.09	4.26	2.47	2.33	1.53	1.72
2.94	1.77	2.84	2.18	3.07	2.59	3.54	3.94	4.41	2.29	2.57	2.42	2.00	2.06	4.21	2.46	2.27	1.51	1.65
0.33	0.66	0.42	0.55	0.41	0.50	0.30	0.25	0.20	0.42	0.29	0.40	0.62	0.64	0.35	0.60	0.66	1.11	1.13
10.8%	13.5%	13.0%	9.3%	18.3%	13.5%	6.5%	8.9%	25.6%	27.5%	5.6%	6.9%	18.7%	14.2%	7.9%	26.2%	8.4%	27.5%	18.2%
8.1%	8.1%	9.1%	6.0%	12.9%	9.0%	5.0%	7.1%	21.3%	19.4%	4.3%	4.9%	11.6%	8.7%	5.8%	16.4%	5.0%	13.1%	8.6%
80.71	over 100	94.34	over 100	over 100	-	-	-	-	-	-	-	-	-	-	-	-	-	-
-	-	-	-	-	68 days	67 days	48 days	56 days	43 days	73 days	47 days	108 days	82 days	99 days	88 days	95 days	74 days	104 days
-	-	-	-	-	60 days	53 days	54 days	89 days	51 days	33 days	44 days	71 days	55 days	39 days	84 days	27 days	97 days	75 days

A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.

Social balance sheet

Item	31-12-2025	31-12-2023	31-12-2022	31-12-2021
Employees at the balance-sheet date	7	11	9	8
full-time	5	8	7	6
part-time	2	3	2	2
in full-time equivalents	6.6	9.1	8.3	7.6
	8.1	9.6	7.7	7.6
On a permanent contract	7	10	7	7
Joined	2	4	6	3
Left	6	2	5	4

Source: social balance sheet in the 2021 to 2025 annual accounts

Securities and guarantees

on own assets and for others

Item	2025	2024	2023	2022	2021
Pledge on other assets, amount secured	€151,000	-	-	-	-
Carrying value of the other pledged assets	€89,878	-	-	-	-

Source: notes to the 2021 to 2025 annual accounts (statement of debts and off-balance-sheet rights and commitments)

Investments

fixed assets acquired

Item	2025	2024	2023	2022	2021
Tangible fixed assets	€77,732	€87,431	€138,938	€53,994	€59,233
Financial fixed assets	-	€350,001	€250	€272,561	-
	€86,681	€73,361	€58,080	€44,326	€57,153

Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)

Insights on AVECOM

The operating result for 2025 is 76% lower than in 2024 and the lowest since 2007.

Debt's share of the balance-sheet total falls from 39.7% to 24.8%. Equity and debt are lower.

Next steps

Work out how much credit to give this customer and on what payment terms.Credit check Compare this company with its sector.Sector benchmark See what changed in the latest annual accounts.What changed

Annual accounts 2025

Money flows

Balance sheet

Change in equityin €m

Change in cashin euro

Position in the sector

Solvency75.2%

Current ratio2.94

Return on assets8.1%

Staff

Staff cost per FTE€80,446

Joined and left-4 people

Filed annual accounts

Filings

Subsidies and aid

Flemish government 2022 to 2025, 11 entries, €413,254 awarded, €332,528 paid

European Union 2022 to 2024, 9 entries, €1.7m in total

European research 18 projects, €4.8m EU contribution

Projects

Key figures and ratios

Social balance sheet

Securities and guarantees

Investments

Insights on AVECOM

Next steps

in €m

in euro

75.2%

2.94

8.1%

€80,446

-4 people