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AVEDRO

Active
Private limited companyfounded 1995active for 31 yearsDrossaardshoevedreef 4, 2440 Geel, BelgiumKBO/BCE: BE 0454.921.387
Summary

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

Board and ownership

Board

Financial position

94 Excellent Checked score 2026
Bankruptcy probabilitywithin 12 months
< 0.1%
Annual accounts to 31-03-2026
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

Score 2026
94 / 100
Excellent
Probability in this band: under 0.55%
Financially stronger than 55% of micro companies in crop and animal production (NACE 01)
Financial strength · tick: 2025
Strong
Solvency 70+6
equity 45.1% of total assets
Liquidity 48-32
short-term debt 34.0% · cash 10.0%
Profitability 72-2
return on assets 2.9%
Bankruptcy probability within 12 months
< 0.1% Very low
0%0.5%1.5%4%10%≥ 25%

Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.1% (5,695 companies, NACE 01, micro)
Last 24 months 12-2024: 0.1% 01-2025: 0.1%● unchanged vs 12-2024 02-2025: 0.1%● unchanged vs 01-2025 03-2025: 0.1%● unchanged vs 02-2025 04-2025: 0.1%● unchanged vs 03-2025 05-2025: 0.2%▲ +0.1 percentage points vs 04-2025 06-2025: 0.2%● unchanged vs 05-2025 07-2025: 0.2%● unchanged vs 06-2025 08-2025: 0.2%● unchanged vs 07-2025 09-2025: 0.2%● unchanged vs 08-2025 10-2025: 0.2%● unchanged vs 09-2025highest value 11-2025: < 0.1%▼ -0.2 percentage points vs 10-2025lowest value 12-2025: < 0.1%● unchanged vs 11-2025lowest value 01-2026: < 0.1%● unchanged vs 12-2025lowest value 02-2026: < 0.1%● unchanged vs 01-2026lowest value 03-2026: < 0.1%● unchanged vs 02-2026lowest value 04-2026: < 0.1%● unchanged vs 03-2026lowest value 05-2026: < 0.1%● unchanged vs 04-2026 06-2026: < 0.1%● unchanged vs 05-2026 07-2026: < 0.1%● unchanged vs 06-2026 08-2026: < 0.1%● unchanged vs 07-2026 09-2026: < 0.1%● unchanged vs 08-2026 10-2026: < 0.1%● unchanged vs 09-2026 11-2026: < 0.1%● unchanged vs 10-2026
Credit of up to €55,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 1.52 (1.34 in 2025), above the usual 1.5. Short-term debt is 34% and cash 10% of total assets. However, 54.9% of the assets are financed with debt and provisions.
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).

Credit check for an amount and term of your choice

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.

Signals

Five signals.
lowers riskraises riskneutral
lowers risk · Size: total assets €1.4m
Companies of this size fail less often. How much that weighs depends on the rest of the company's profile.
NBB · annual accounts
lowers risk · Sector: Crop and animal production, hunting and related service activities (NACE 01)
KBO
lowers risk · Figures for financial year 2026 (filed on 07-10-2026)
NBB · annual accounts
raises risk · Liquidity: current ratio 1.52, cash €138,039, halved
NBB · annual accounts
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2026 was due by 31-10-2026 and was filed on 05-10-2026, 26 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2026
26 days early
2025
14 days early
2024
6 days early
2023
on the day
2022
3 days early
2021
2 days late
2020
13 days late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

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)
neutral · Next filing not due yet
The next financial year closes on 31-03-2027 and is due by 31-10-2027. Nothing is late today. The company usually files around 25 October (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven months
Where today falls in the filing period
05-11-2026 today31-03-2027 year end31-10-2027 deadline
neutral · No strike-offs in the KBO publications
That holds for every publication since 2021.
KBO publications

Financials

Financials · financial year 2026, abbreviated format

Annual accounts 2026 filed on 05-10-2026 at the NBB all 31 filings

Turnover
≈ €840,000
Estimated: probably between €630,000 and €1.0m
Total assets
€1.4m▼ 2.7%
2025 · €1.4m
Net result
€40,320▼ 34.5%
2025 · €61,515
Working capital
€241,839▲ 63.1%
2025 · €148,310
Multi-year overview
2019 to 2026, 8 financial years
Operating result
€54,495
▼ 50.8% 2026
20192026
Net result
€40,320
▼ 34.5% 2026
20192026
Equity
€619,761
▲ 11.6% 2026
20192026
Total assets
€1.4m
▼ 2.7% 2026
20192026
Debt
€752,005
▼ 12.2% 2026
20192026
Working capital
€241,839
▲ 63.1% 2026
20192026
Solvency
45.1%
▲ 5.8pp 2026
20192026
Current ratio
1.52
▲ 0.18 2026
20192026
Return on assets (ROA)
2.9%
▼ 1.4pp 2026
20192026
Staff (FTE)
0
2026
20192026
Every figure per financial year
Every figure with its change against the financial year before
favourable unfavourable
Line20192020202120222023202420252026
Operating result€0.06m-€0.03m▼ 51.5%€0.06m▲ 109%€0.03m▼ 48.5%€0.1m▲ 325%€0.06m▼ 51.8%€0.1m▲ 78.0%€0.05m▼ 50.8%
Net result€0.04m-€0.01m▼ 76.8%€0.04mwithin the sector's middle half▲ 312%€0.01mwithin the sector's middle half▼ 65.2%€0.1mwithin the sector's middle half▲ 641%€0.04mwithin the sector's middle half▼ 61.9%€0.06mwithin the sector's middle half▲ 59.0%€0.04m▼ 34.5%
Equity€0.3m-€0.3m▲ 1.9%€0.3mwithin the sector's middle half▲ 11.9%€0.3mwithin the sector's middle half▲ 2.9%€0.4mwithin the sector's middle half▲ 28.5%€0.5mwithin the sector's middle half▲ 7.9%€0.6mwithin the sector's middle half▲ 17.1%€0.6m▲ 11.6%
Total assets€1.0m-€1.4m▲ 33.5%€1.4mwithin the sector's middle half▲ 2.2%€1.3mwithin the sector's middle half▼ 7.9%€1.2mwithin the sector's middle half▼ 4.2%€1.4mwithin the sector's middle half▲ 12.5%€1.4mwithin the sector's middle half▲ 1.3%€1.4m▼ 2.7%
Debt€0.7m-€1.1m▲ 46.2%€1.1m▼ 0.4%€1.0m▼ 11.2%€0.8m▼ 15.9%€0.9m▲ 15.1%€0.9m▼ 7.0%€0.8m▼ 12.2%
Working capital€0.3m-€0.07m▼ 76.1%€0.3mwithin the sector's middle half▲ 308%€0.3mwithin the sector's middle half▼ 8.8%€0.2mwithin the sector's middle half▼ 40.8%-€0.2mbelow the sector's middle half€0.1mwithin the sector's middle half€0.2m▲ 63.1%
Solvency28.3%-21.6%▼ 6.7pp23.7%within the sector's middle half▲ 2.0pp26.4%within the sector's middle half▲ 2.8pp35.4%within the sector's middle half▲ 9.0pp34.0%within the sector's middle half▼ 1.5pp39.3%within the sector's middle half▲ 5.3pp45.1%▲ 5.8pp
Current ratio2.06-1.18▼ 0.881.71within the sector's middle half▲ 0.531.61within the sector's middle half▼ 0.101.38within the sector's middle half▼ 0.230.74below the sector's middle half▼ 0.631.34within the sector's middle half▲ 0.591.52▲ 0.18
Return on assets (ROA)4.0%-0.7%▼ 3.3pp2.8%within the sector's middle half▲ 2.1pp1.1%within the sector's middle half▼ 1.7pp8.2%within the sector's middle half▲ 7.1pp2.8%within the sector's middle half▼ 5.4pp4.4%within the sector's middle half▲ 1.6pp2.9%▼ 1.4pp
Staff (FTE)0below the sector's middle half0below the sector's middle half0
above within below The sector band is the middle half of the companies in Crop and animal production, hunting and related service activities (NACE 01). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.

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.

Balance-sheet composition
2026 in colour, 2025 as the grey bar beneath
Assets €1.4m
Fixed assets €665,573 ▼ 19.4%
Current assets €709,531 ▲ 20.6%
Equity and liabilities €1.4m
Equity €619,761 ▲ 11.6%
Provisions €3,338 ▲ 61.3%
Debt €752,005 ▼ 12.2%
Debt's share of the balance-sheet total falls from 60.6% to 54.7%. Equity is higher and debt is lower.
Key figures and ratios
2026 value · change against 2025
EBITDA
€334,916▼
2025 · €377,007
Cash flow
€320,741▼
2025 · €327,677
Quick ratio
0.37▼
2025 · 1.20
Debt to equity
1.21▼
2025 · 1.54
ROE
6.5%▼
2025 · 11.1%
Interest coverage
7.47▼
2025 · 8.30
Debt ≤ 1 year
€467,691▲
2025 · €440,146
Debt > 1 year
€284,314▼
2025 · €416,331
Income taxes
€6,718▼
2025 · €22,589
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.

Securities and guarantees

on own assets and for others
Item31-03-202231-03-202331-03-202431-03-202531-03-2026
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

fixed assets acquired
Item31-03-202231-03-202331-03-202431-03-202531-03-2026
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 AwardedPaid
2025 1 €34,071€34,071
2024 2 €5,584€5,584
2023 1 €5,662€5,662
2022 1 €4,218€4,218
Schemes
2 entries · €38,441 · €38,441 paid · Vlaams Landbouwinvesteringsfonds
3 entries · €11,094 · €11,094 paid · VLAAMS FONDS VOOR DE LASTENDELGING
Annual accounts
Filed annual accounts As filed with the NBB · 2026 against 2025 · 55 lines
Balance sheet Code20252026
Assets
Total assets20/58€1.4m€1.4m▼
Fixed assets21/28€0.8m€0.7m▼
Tangible fixed assets22/27€0.8m€0.7m▼
Land and buildings22€0.2m€0.2m▼
Plant, machinery and equipment23€0.4m€0.3m▼
Furniture and vehicles24€0.2m€0.2m▼
Leasing and similar rights25€0.07m€0▼
Financial fixed assets28€400€400=
Current assets29/58€0.6m€0.7m▲
Stocks and contracts in progress3€0.06m€0.5m▲
Stocks30/36€0.06m€0.5m▲
Amounts receivable within one year40/41€0.03m€0.02m▼
Trade receivables40€0.01m€0.002m▼
Other amounts receivable41€0.01m€0.02m▲
Cash at bank and in hand54/58€0.5m€0.1m▼
Deferred charges and accrued income490/1€0.02m€0.02m▼
Equity and liabilities
Total equity and liabilities10/49€1.4m€1.4m▼
Equity10/15€0.6m€0.6m▲
Contributions10/11€0.1m€0.1m=
Reserves13€0.4m€0.5m▲
Tax-exempt reserves132€0.02m€0.02m=
Distributable reserves133€0.4m€0.4m▲
Investment grants15€0.04m€0.06m▲
Provisions and deferred taxes16€0.002m€0.003m▲
Deferred taxes168€0.002m€0.003m▲
Amounts payable17/49€0.9m€0.8m▼
Amounts payable after more than one year17€0.4m€0.3m▼
Financial debts170/4€0.4m€0.3m▼
Amounts payable within one year42/48€0.4m€0.5m▲
Current portion of amounts payable after more than one year42€0.2m€0.1m▼
Financial debts43€0-
Credit institutions430/8€0-
Trade debts44€0.02m€0.03m▲
Suppliers440/4€0.02m€0.03m▲
Taxes, remuneration and social security45€0.005m€0.006m▲
Taxes450/3€0.005m€0.006m▲
Other amounts payable47/48€0.3m€0.3m▲
Accrued charges and deferred income492/3€18€0▼
Income statement Code20252026
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€0.3m€0.3m▲
Other operating charges640/8€0.004m€0.003m▼
Gross operating margin9900€0.4m€0.3m▼
Operating profit (loss)9901€0.1m€0.05m▼
Financial income75/76B€0.02m€0.04m▲
Recurring financial income75€0.02m€0.04m▲
Financial charges65/66B€0.05m€0.04m▼
Recurring financial charges65€0.05m€0.04m▼
Profit (loss) for the period before taxes9903€0.08m€0.05m▼
Transfer from deferred taxes780€0.001m€0.002m▲
Income taxes67/77€0.02m€0.007m▼
Profit (loss) for the period9904€0.06m€0.04m▼
Profit (loss) for the period to be appropriated9905€0.06m€0.04m▼
Appropriation of the result
Profit (loss) to be appropriated9906€0.06m€0.04m▼
Transfer to equity691/2€0.06m€0.04m▼
To other reserves6921€0.06m€0.04m▼
Social balance sheet
Average headcount (FTE)90870.00.0=

The notes to these accounts have 24 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.

Source: Annual accounts 2026 at the NBB, filed on 05-10-2026.

Line20192020202120222023202420252026Change
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%
Line20192020202120222023202420252026Change
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%
Line20192020202120222023202420252026Change
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.

Download as CSV

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
96.2% was still going
3.5% stopped otherwise
0.2% went bankrupt

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.

The companies in ten equal groups, from the lowest to the 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%

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 PDF
31-03-2025 abbreviated format 17-10-2025 2025-00547847 PDF
31-03-2024 abbreviated format 25-10-2024 2024-00521739 PDF
31-03-2023 abbreviated format 31-10-2023 2023-00503251 PDF
31-03-2022 abbreviated format 28-10-2022 2022-20486429 PDF
31-03-2021 abbreviated format 02-11-2021 2021-76100091 PDF
31-03-2020 abbreviated format 13-11-2020 2020-70700014 PDF
31-03-2019 abbreviated format 28-10-2019 2019-71600335 PDF
31-03-2018 abbreviated format 26-10-2018 2018-70300254 PDF
31-03-2017 micro format 30-10-2017 2017-68000273 PDF

Show all 31 filings

Board & ownership

Directors

Directors
2 directors, last change in 2023
VAN EYCK Niels
Director (not named in the articles) · appointed by deed of 13-12-2023 · term without a fixed end · listed in the 2026 annual accounts, filed on 05-10-2026
Current
Van Eyck Koen
Director · listed in the 2026 annual accounts, filed on 05-10-2026
Current
Signing authorityThe articles say who may bind the company, for example by signing a contract.
“VERTEGENWOORDIGING Iedere bestuurder vertegenwoordigt de vennootschap jegens derden, met inbegrip van de vertegenwoordiging in rechte. Hij…”
deed of 13-12-2023

Owners and capital

Capital transactions

Capital over time
  1. 13-12-2023 Converted to unavailable equity

Mandate history

3 people, 2 in office
Show
  • Board
  • mandate already running before its first mention
  • end not dated
Mandates per person, with start and end dates
Name Functions and periods
VAN EYCK Niels
  • Director (not named in the articles), appointed by deed of 13-12-2023, still in office
Van Eyck Koen
  • Director, since before 31-03-2026
VAN EYCK Koenraad August Elisa
  • Statutory director, until 13-12-2023
  • Director (not named in the articles), appointed by deed of 13-12-2023, no longer listed in the 2026 annual accounts
See the board, name and registered office on a given date →

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

Connections & network

2 current directors
Depth

The network starts from the directors of AVEDRO. Every other company they run is a node.

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

Timeline

Deeds, filings and financial milestones

Deadline for the 2027 accounts: 31-10-2027
2026
05-10
NBB filing Annual accounts 2026 filedNBB
abbreviated format · 26 days before the deadline
2025
17-10
NBB filing Annual accounts 2025 filedPDF
abbreviated format · 14 days before the deadline
31-03
Financial Equity above €500,000equity €555,351 ▲17.1%
With a profit in every financial year since 2019, equity grows to €555,351.
2024
25-10
NBB filing Annual accounts 2024 filedPDF
abbreviated format · 6 days before the deadline
2023
13-12
Gazette deed Change of role: VAN EYCK Koenraad August Elisa, from statutory director to director
Appointment: 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.

Open the deed in the Belgian Official Gazette

31-10
NBB filing Annual accounts 2023 filedPDF
abbreviated format · on the deadline day
31-03
Financial Highest result from 2019 to 2026net €101,491 ▲641%
The operating result of €129,245 and the net result of €101,491 are both a record.
2022
28-10
NBB filing Annual accounts 2022 filedPDF
abbreviated format · 3 days before the deadline
2021
02-11
NBB filing Annual accounts 2021 filedPDF
abbreviated format · 2 days late
2020
13-11
NBB filing Annual accounts 2020 filedPDF
abbreviated format · 13 days late
31-03
Financial Weakest financial yearnet €9,564 ▼76.8%
The net result drops to €9,564, the lowest from 2019 to 2026. It recovers the following year.
2019
28-10
NBB filing Annual accounts 2019 filedPDF
abbreviated format · 3 days before the deadline
Show earlier events
2018
26-10
NBB filing Annual accounts 2018 filedPDF
abbreviated format · 5 days before the deadline
2017
30-10
NBB filing Annual accounts 2017 filedPDF
micro format · 1 day before the deadline
1995
22-04
Gazette deed Incorporation
Financial milestoneGazette deedNBB filingFinancial milestones sit on the financial year-end date, not the filing date.

Sources:Publications in the Belgian Official GazetteFilings with the National Bank

History

AVEDRO was incorporated on 31 March 1995.1 Total assets rose from €1.0m in 2019 to €1.4m in 2026.2

  1. 1KBO register
  2. 2National Bank, annual accounts 2019 and 2026

Company details

Register details

Identity

KBO record
Name AVEDRO in Dutch
Enterprise number 0454.921.387
Legal form Private limited company
Status Active, normal situation
Founded 31-03-1995
Entity type Legal entity
DurationMost companies exist for an unlimited period, until they are dissolved.
Unlimited
deed of 13-12-2023 (in Dutch)
Registered office clauseThe articles name the region of the registered office. The language of official documents depends on that region, among other things.
“Vlaamse Gewest”
deed of 13-12-2023 (in Dutch)

Registered office and establishments

Registered office Drossaardshoevedreef 4, 2440 Geel, Belgium
Establishment unit Drossaardshoevedreef 4, 2440 Geel since 27-04-1995 · unit number 2.071.392.636 0111001 Growing of cereals (except rice), leguminous crops and oil seeds

Activities

NACEBEL 2025
01110 Growing of cereals (except rice), leguminous crops and oil seeds main activity
81300 Landscape service activities
Codes under NACEBEL 2008
01110 Crop and animal production, hunting and related service activities main activity
81300 Landscape service activities
Codes under NACEBEL 2003
01110 main activity
01410
PurposeThe purpose describes the activities the company may carry out under its articles.
“Het kweken,telen en bewaren van groenten,bloemen,planten,akker- en voedergewassen,de aan- en verkoop van deze producten en aanverwante…”
9 activities
  1. 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.
  2. 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.
  3. 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.
  4. 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.
  5. 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.
  6. Het uitvoeren van diverse land- en tuinbouwwerken voor rekening van derden,het uitvoeren van grondwerken en alle hiermee verband houdende activiteiten.
  7. 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.
  8. De verhuur,verkoop,onderhoud,herstelling van alle land en tuinbouwmachines.
  9. Alle voormelde activiteiten uitvoeren of laten uitvoeren door en voor derden,met inbegrip van alle activiteiten van makelaar,tussenpersoon,commissionair.
deed of 13-12-2023 (in Dutch)

Invoicing and payment

VAT number BE 0454.921.387
E-invoicing via Peppol
Reachable via Peppol
Peppol ID 0208:0454921387
Other Peppol ID 9925:BE0454921387
Registered 27-05-2025

Follow this company and you will hear the next morning if it leaves the Peppol register.

Register as of 5 November 2026 · Peppol Directory

Financial year and general meeting

Accounts at the NBB
Financial year end 31-03
Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
Third Friday of September
deed of 13-12-2023 (in Dutch)

Recognitions · licences · registrations

Food safety, FASFC

1 site
Geelunit number 2.071.392.636
1 permission
Farm - field crops · since 12-05-2006

Source: FAVV-AFSCA, open data, updated on 26-10-2026

Environmental permits

1 application in Flanders since 2022 · 1 granted
Bouwen of herbouwen; Het reliëf van de bodem aanmerkelijk wijzigen; Nieuwbouw of aanleggen
Granted on 29-08-2022submitted 07-02-2022authority: Geelproject 2021193523

Source: Omgevingsloket Vlaanderen.

Sites & property

Location
registered office establishment The establishment unit on the map
5 companies at this address See who is registered here

Buildings and parcels at the address

Ground area
8,048 m²
Building footprint
128 m²
Building volume
423 m³
Cadastral parcel Region Area Buildings Height / floors
13372B0624/00P000 Flanders 8,048 m² 1 · 128 m² 7.0 m · 1