AVEDRO
ActiveSummary
AVEDRO has been active since 1995 and the Belgian Official Gazette contains no insolvency or warning signals. The 2026 annual accounts show equity of €619,761 and a net result of €40,320. Equity has been growing by about 11% per year since 2019. Its solvency ranks better than 55% of 144 sector peers (NACE 01, financial year 2026). The computed 12-month bankruptcy probability is below 0.1% (very low).
Overview
Overview
Official details
Source: KBO- Status
- Active since 31-03-1995 Normal situation
- Activity
- Growing of cereals (except rice), leguminous crops and oil seeds NACE 01110and 1 other
- Establishment unit
- 2.071.392.636 2440 Geel, since 27-04-1995
- Financial year end
- 31 March
- Peppol
- Reachable since 27-05-2025
Financial position
- Bankruptcy probabilitywithin 12 months
- < 0.1%
- Gross margin
- €337,834
- ▼ 11.3%
- Turnover
- ≈ €840,000
- estimated
- Profit
- €40,320
- ▼ 34.5%
- Equity
- €619,761
- ▲ 11.6%
- Total assets
- €1.4m
- ▼ 2.7%
Score breakdownraises riskLiquidity: current ratio 1.52, cash €138,039, halvedlowers riskSize: total assets €1.4mSector: Crop and animal production, hunting and related service activities (NACE 01)Figures for financial year 2026 (filed on 07-10-2026)Show the evidence
Checked score
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Calculation
The band follows from the bankruptcy probability. 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 01, micro). It does better than 59% of them on solvency, 46% on liquidity, 54% on profitability and 62% on growth.
The bankruptcy probability was computed on 04-11-2026 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.
The probability rests on the annual accounts with balance sheet date 31-03-2026.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
The company filed its last 7 accounts on average 5 days before the deadline. In the sector (NACE 01), the median for financial year 2024 was 3 days before the deadline, and 37% of those companies filed late.
Searched, nothing found (2)
Financials
Financials · financial year 2026, abbreviated format
Annual accounts 2026 filed on 05-10-2026 at the NBB all 31 filings
Every figure per financial year
The operating result for 2026 is 51% lower than in 2025 and the lowest since 2022.
Turnover and EBIT margin are not published. The abbreviated format does not require them. The turnover shown is an estimate from the gross margin.
Securities and guarantees
| Item | 31-03-2022 | 31-03-2023 | 31-03-2024 | 31-03-2025 | 31-03-2026 |
|---|---|---|---|---|---|
| Debts secured on the company's own assets | €393,933 | €302,667 | €220,000 | €167,143 | €114,286 |
| Mortgages, amount registered | - | - | €0 | €400,000 | €400,000 |
| Carrying value of the mortgaged assets | - | - | €0 | €113,323 | €86,163 |
| Pledge on the business | €54,537 | €54,537 | €54,537 | €54,537 | €54,537 |
Source: notes to the 2022 to 2026 annual accounts (statement of debts and off-balance-sheet rights and commitments)
Investments
| Item | 31-03-2022 | 31-03-2023 | 31-03-2024 | 31-03-2025 | 31-03-2026 |
|---|---|---|---|---|---|
| Tangible fixed assets | €58,928 | €250,419 | €465,845 | €161,569 | €120,534 |
| Financial fixed assets | - | - | - | - | €0 |
| Depreciation and write-downs of the year | €167,492 | €183,529 | €223,356 | €266,162 | €280,421 |
Source: notes to the 2022 to 2026 annual accounts (statement of fixed assets)
Subsidies and aid
Flemish government
2022 to 2025 · 5 entries · €49,535 awarded · €49,535 paid| Year | Entries | Awarded | Paid |
|---|---|---|---|
| 2025 | 1 | €34,071 | €34,071 |
| 2024 | 2 | €5,584 | €5,584 |
| 2023 | 1 | €5,662 | €5,662 |
| 2022 | 1 | €4,218 | €4,218 |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €20,000 | €4,500 | €0 | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €158,415 | €209,919 | €198,645 | €167,492 | €183,529 | €223,356 | €266,162 | €280,421 | ▲ 5.4% |
| Other operating charges640/8 | - | - | - | €9,686 | €3,439 | €5,538 | €4,058 | €2,918 | ▼ 28.1% |
| Gross operating margin9900 | €221,524 | €249,445 | €264,294 | €207,597 | €316,214 | €291,179 | €381,065 | €337,834 | ▼ 11.3% |
| Operating profit (loss)9901 | €58,241 | €28,232 | €59,052 | €30,419 | €129,245 | €62,286 | €110,845 | €54,495 | ▼ 50.8% |
| Financial income75/76B | - | - | - | €5,600 | €5,709 | €7,003 | €17,834 | €35,568 | ▲ 99.4% |
| Recurring financial income75 | €5,827 | €5,395 | €4,773 | €5,600 | €5,709 | €7,003 | €17,834 | €35,568 | ▲ 99.4% |
| Financial charges65/66B | - | - | - | €20,948 | €20,490 | €24,091 | €45,409 | €44,841 | ▼ 1.3% |
| Recurring financial charges65 | €18,601 | €23,079 | €20,512 | €20,948 | €20,490 | €24,091 | €45,409 | €44,841 | ▼ 1.3% |
| Profit (loss) for the period before taxes9903 | €45,466 | €10,548 | €43,313 | €15,071 | €114,464 | €45,198 | €83,270 | €45,222 | ▼ 45.7% |
| Transfer from deferred taxes780 | - | - | - | €210 | €210 | €210 | €834 | €1,816 | ▲ 118% |
| Income taxes67/77 | €4,385 | €1,193 | €4,160 | €1,580 | €13,183 | €6,724 | €22,589 | €6,718 | ▼ 70.3% |
| Profit (loss) for the period9904 | €41,295 | €9,564 | €39,363 | €13,701 | €101,491 | €38,683 | €61,515 | €40,320 | ▼ 34.5% |
| Profit (loss) for the period to be appropriated9905 | €41,295 | €9,564 | €39,363 | €13,701 | €101,491 | €38,683 | €61,515 | €40,320 | ▼ 34.5% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €1.0m | €1.4m | €1.4m | €1.3m | €1.2m | €1.4m | €1.4m | €1.4m | ▼ 2.7% |
| Fixed assets21/28 | €0.5m | €0.9m | €0.7m | €0.6m | €0.7m | €0.9m | €0.8m | €0.7m | ▼ 19.4% |
| Tangible fixed assets22/27 | €0.5m | €0.9m | €0.7m | €0.6m | €0.7m | €0.9m | €0.8m | €0.7m | ▼ 19.4% |
| Land and buildings22 | - | - | - | €0.2m | €0.2m | €0.1m | €0.2m | €0.2m | ▼ 15.6% |
| Plant, machinery and equipment23 | - | - | - | €0.1m | €0.3m | €0.4m | €0.4m | €0.3m | ▼ 10.7% |
| Furniture and vehicles24 | - | - | - | €0.009m | €0.05m | €0.2m | €0.2m | €0.2m | ▼ 11.3% |
| Leasing and similar rights25 | - | - | - | €0.3m | €0.2m | €0.1m | €0.07m | €0 | ▼ 100% |
| Financial fixed assets28 | €400 | €400 | €400 | €400 | €400 | €400 | €400 | €400 | = |
| Current assets29/58 | €0.6m | €0.4m | €0.7m | €0.7m | €0.6m | €0.5m | €0.6m | €0.7m | ▲ 20.6% |
| Stocks and contracts in progress3 | €0.2m | €0.2m | €0.01m | €0.09m | €0.4m | €0.3m | €0.06m | €0.5m | ▲ 812% |
| Stocks30/36 | - | - | - | €0.09m | €0.4m | €0.3m | €0.06m | €0.5m | ▲ 812% |
| Amounts receivable within one year40/41 | €0.001m | €0.006m | €0.5m | €0.3m | €0.05m | €0.09m | €0.03m | €0.02m | ▼ 28.8% |
| Trade receivables40 | - | - | - | €0.3m | €0.05m | €0 | €0.01m | €0.002m | ▼ 81.1% |
| Other amounts receivable41 | - | - | - | €0.001m | €0.008m | €0.09m | €0.01m | €0.02m | ▲ 21.1% |
| Cash at bank and in hand54/58 | €0.3m | €0.2m | €0.2m | €0.2m | €0.1m | €0.005m | €0.5m | €0.1m | ▼ 71.7% |
| Deferred charges and accrued income490/1 | - | - | - | €0.02m | €0.004m | €0.02m | €0.02m | €0.02m | ▼ 3.9% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €1.0m | €1.4m | €1.4m | €1.3m | €1.2m | €1.4m | €1.4m | €1.4m | ▼ 2.7% |
| Equity10/15 | €0.3m | €0.3m | €0.3m | €0.3m | €0.4m | €0.5m | €0.6m | €0.6m | ▲ 11.6% |
| Contributions10/11 | €0.1m | - | - | €0.1m | €0.1m | €0.1m | €0.1m | €0.1m | = |
| Reserves13 | €0.2m | €0.2m | €0.2m | €0.2m | €0.3m | €0.4m | €0.4m | €0.5m | ▲ 9.6% |
| Non-distributable reserves130/1 | - | - | - | €0.01m | €0.01m | €0 | - | - | - |
| Reserves not available under the articles1311 | - | - | - | €0.01m | €0.01m | €0 | - | - | - |
| Tax-exempt reserves132 | - | - | - | €0.02m | €0.02m | €0.02m | €0.02m | €0.02m | = |
| Distributable reserves133 | - | - | - | €0.2m | €0.3m | €0.3m | €0.4m | €0.4m | ▲ 10.1% |
| Investment grants15 | - | - | - | €0.03m | €0.02m | €0.02m | €0.04m | €0.06m | ▲ 61.3% |
| Provisions and deferred taxes16 | €0.002m | €0.002m | €0.002m | €0.001m | €0.001m | €0.001m | €0.002m | €0.003m | ▲ 61.3% |
| Deferred taxes168 | - | - | - | €0.001m | €0.001m | €0.001m | €0.002m | €0.003m | ▲ 61.3% |
| Amounts payable17/49 | €0.7m | €1.1m | €1.1m | €1.0m | €0.8m | €0.9m | €0.9m | €0.8m | ▼ 12.2% |
| Amounts payable after more than one year17 | €0.5m | €0.7m | €0.7m | €0.5m | €0.4m | €0.3m | €0.4m | €0.3m | ▼ 31.7% |
| Financial debts170/4 | - | - | - | €0.5m | €0.4m | €0.3m | €0.4m | €0.3m | ▼ 31.7% |
| Amounts payable within one year42/48 | €0.3m | €0.4m | €0.4m | €0.4m | €0.4m | €0.6m | €0.4m | €0.5m | ▲ 6.3% |
| Current portion of amounts payable after more than one year42 | - | - | - | €0.1m | €0.1m | €0.1m | €0.2m | €0.1m | ▼ 17.7% |
| Financial debts43 | - | - | - | - | - | €0.06m | €0 | - | - |
| Credit institutions430/8 | - | - | - | - | - | €0.06m | €0 | - | - |
| Trade debts44 | €0.02m | €0.08m | €0.03m | €0.06m | €0.05m | €0.2m | €0.02m | €0.03m | ▲ 72.5% |
| Suppliers440/4 | - | - | - | €0.06m | €0.05m | €0.2m | €0.02m | €0.03m | ▲ 72.5% |
| Taxes, remuneration and social security45 | - | - | - | €0.02m | €0.03m | €0.01m | €0.005m | €0.006m | ▲ 2.8% |
| Taxes450/3 | - | - | - | €0.02m | €0.03m | €0.01m | €0.005m | €0.006m | ▲ 2.8% |
| Remuneration and social security454/9 | - | - | - | - | €0.008m | €0 | - | - | - |
| Other amounts payable47/48 | - | - | - | €0.2m | €0.2m | €0.2m | €0.3m | €0.3m | ▲ 16.6% |
| Accrued charges and deferred income492/3 | - | - | - | - | - | - | €18 | €0 | ▼ 100% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €41,295 | €9,564 | €39,363 | €13,701 | €101,491 | €38,683 | €61,515 | €40,320 | ▼ 34.5% |
| + Depreciation and write-downs630 | €158,415 | €209,919 | €198,645 | €167,492 | €183,529 | €223,356 | €266,162 | €280,421 | ▲ 5.4% |
| Operating cash flow (approximation) | €199,710 | €219,483 | €238,008 | €181,193 | €285,020 | €262,039 | €327,677 | €320,741 | ▼ 2.1% |
| Investment in fixed assets (approximation) | - | -€665,805 | €0 | -€58,928 | -€250,419 | -€465,845 | -€161,569 | -€120,534 | ▲ 25.4% |
| Change in cash | - | -€40,554 | -€72,562 | €49,226 | -€84,711 | -€134,303 | €481,863 | -€348,923 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 14,766 companies had the same profile as AVEDRO has now. Two years later, 96.2% were still going and 0.2% had gone bankrupt.
- Small
- 20 years or older
- solvency 30% or more
- a profit under 5% of the balance sheet
Another 0.1% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of AVEDRO itself: < 0.1% within 12 months.
Test of the method
The method was tested on the 497,446 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 14,766 companies, not a prediction for AVEDRO. 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.
Latest 10 of 31 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-03-2026 | abbreviated format | 05-10-2026 | 2026-00549569 | |
| 31-03-2025 | abbreviated format | 17-10-2025 | 2025-00547847 | |
| 31-03-2024 | abbreviated format | 25-10-2024 | 2024-00521739 | |
| 31-03-2023 | abbreviated format | 31-10-2023 | 2023-00503251 | |
| 31-03-2022 | abbreviated format | 28-10-2022 | 2022-20486429 | |
| 31-03-2021 | abbreviated format | 02-11-2021 | 2021-76100091 | |
| 31-03-2020 | abbreviated format | 13-11-2020 | 2020-70700014 | |
| 31-03-2019 | abbreviated format | 28-10-2019 | 2019-71600335 | |
| 31-03-2018 | abbreviated format | 26-10-2018 | 2018-70300254 | |
| 31-03-2017 | micro format | 30-10-2017 | 2017-68000273 |
Board & ownership
Directors
Owners and capital
Capital transactions
- 13-12-2023 Converted to unavailable equity
Mandate history
- Board
- mandate already running before its first mention
- end not dated
| Name | Functions and periods |
|---|---|
| VAN EYCK Niels |
|
| Van Eyck Koen |
|
| VAN EYCK Koenraad August Elisa |
|
Articles of association
- Board ruleThese rules set how the board is made up, meets and takes decisions.
- “Onbezoldigd behoudens andersluidende beslissing algemene vergadering,bij bezoldigd bepaalt algemene vergadering met absolute meerderheid of…”
- Share issue ruleThe articles set how and by whom new shares are issued.
- “Ten minste vijftien dagen te rekenen van openstelling intekening, inbreng in geld met uitgifte nieuwe aandelen-recht van voorkeur”
Articles of association, deed of 13-12-2023 (in Dutch)
Network & group
AVEDRO shares no director with another company.
Companies at the same address
4 other companies- SQRL Comms Registered office · since 01-07-2023Founded in 2023 0803.062.802
- Roefs, Carine (sole trader) Establishment · since 01-05-2012Founded in 2012 0845.357.473
- Van Eyck Koenraad en Roefs Carine Registered office · since 15-04-2012Founded in 2012 0845.477.041
- Van Eyck, Koenraad (sole trader) Establishment · since 01-04-1989Founded in 1989 0629.424.585
Connections & network
2 current directorsThe network starts from the directors of AVEDRO. Every other company they run is a node.
Timeline
Deeds, filings and financial milestones
13-12
Gazette deed
Change of role: VAN EYCK Koenraad August Elisa, from statutory director to directorAppointment: VAN EYCK Niels (director) · Legal-form conversion: from private limited company (pre-2019) to private limited company · Director discharge: VAN EYCK Koenraad August Elisa8 points ▸
- General meeting, 21-11-2023
- Legal-form conversion, from private limited company (pre-2019) to private limited company
- Director resignation, VAN EYCK Koenraad August Elisa (statutory director)
- Director appointment, VAN EYCK Koenraad August Elisa (director (not named in the articles))
- Director appointment, VAN EYCK Niels (director (not named in the articles))
- Director discharge, VAN EYCK Koenraad August Elisa
- 750 shares
- Registered office clause, Drossaardshoevedreef 4, 2440 Geel
- The deed holds 4 more points.
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Register details
Identity
KBO recordRegistered office and establishments
Activities
NACEBEL 2025Codes under NACEBEL 2008
Codes under NACEBEL 2003
9 activities
- Het kweken,telen en bewaren van groenten,bloemen,planten,akker- en voedergewassen,de aan- en verkoop van deze producten en aanverwante artikelen,in het groot en in het klein.
- Het kweken en/of vetmesten van vee,met inbegrip van melkvee en de daaruitvolgende productie van zuivel in al zijn vormen,alsook het uitbaten van een volwaardig landbouwbedrijf in het algemeen,dit alles in de ruimst mogelijke zin genomen.
- Zij kan,binnen de perken van haar maatschappelijk voorwerp,zowel in België als in het buitenland,alle roerende,onroerende,financiële,industriële,commerciële of burgerrechtelijke verrichtingen doen,die rechtstreeks of onrechtstreeks in verband staan met haar voorwerp.
- Zij kan zich bij wijze van inbreng,overdracht,samensmelting,inschrijving,participatie,financiële tussenkomst of op andere wijze interesseren in alle vennootschappen of ondernemingen die een gelijkaardig voorwerp hebben of die van aard zijn de verwezenlijking van haar voorwerp te bevorderen,evenals in dergelijke vennootschappen mandaten van bestuur en vereffening uitoefenen,en zich voor dergelijke vennootschappen solidair en hoofdelijk borg te stellen.
- De vennootschap mag ter verwezenlijking van haar voorwerp alle roerende en onroerende goederen kopen en verkopen,huren en verhuren,leningen aangaan,hypotheken toestaan,en in het algemeen alle daden stellen van burgerlijke,commerciële of financiële aard en die rechtstreeks of onrechtstreeks verband houden met het maatschappelijk voorwerp.
- Het uitvoeren van diverse land- en tuinbouwwerken voor rekening van derden,het uitvoeren van grondwerken en alle hiermee verband houdende activiteiten.
- De invoer,uitvoer,groot en kleinhandel in alle land- en tuinbouwproducten en materiaal,met inbegrip van meststoffen,pesticiden,herbiciden,insecticiden,zaaigoed,grond,kiezel,compost,grondverbeteraars.
- De verhuur,verkoop,onderhoud,herstelling van alle land en tuinbouwmachines.
- Alle voormelde activiteiten uitvoeren of laten uitvoeren door en voor derden,met inbegrip van alle activiteiten van makelaar,tussenpersoon,commissionair.
Invoicing and payment
Financial year and general meeting
Accounts at the NBBRecognitions · licences · registrations
Food safety, FASFC
1 siteEnvironmental permits
Source: Omgevingsloket Vlaanderen.
Sites & property
Buildings and parcels at the address
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 13372B0624/00P000 | Flanders | 8,048 m² | 1 · 128 m² | 7.0 m · 1 |