Avelgem Real Estate 2

Active

Private limited companyfounded 20232 yrs activeNijverheidslaan 15, 8580 Avelgem, BelgiumKBO/BCE: BE 1001.627.740

Avelgem Real Estate 2 has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €74k and a net result of €28k. Its solvency ranks better than 18% of 9195 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).

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Checked score

Score 2025

53 / 100

Fair

The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.

Axes · tick = 2024

Profitability37=

Solvency26▲+1

Growth52

Track record82

Bankruptcy probability, 12 months

0.6% Low

0%0.5%1.5%4%10%≥ 25%

Credit up to €3.5k at 30 days acceptable

Liquidity short (current ratio 0.83 against 0.89 in 2024; short-term debt: 5.1% and cash: 3.3% of total assets), and 99.2% of the assets are financed with debt.

How do we compute the score and the probability?

Credit advice for your own amount and term

Signals

Six signals. The signal on the left, the evidence on the right.

−lowers risk+raises risk○neutral

Young company

A young company has little track record yet and statistically fails more often than an established one.

KBO · incorporation date

Age against the risk zone

Lower-failure-rate sector

In this sector companies fail less often than the Belgian average.

Gazette · bankruptcies per sector, NACE 68

Relative position

BE, all sectors

reference

Sector 68

lower

← fewer bankruptcies more bankruptcies →

Annual accounts: healthy financial profile

The latest annual accounts show a healthy profile in solvency, result and liquidity.

NBB · annual accounts 2025

Solvency, return and age of the figures

Solvency

0.8%

Return on assets

0.3%

Age of the figures

12 mo

Weak solvency vs sector

Solvency (equity / total assets) is in the sector's weakest quartile: better than 18% of 9195 sector peers (2025).

NBB · sector comparison

Position among 9195 sector peers

Solvency

better than 18%

← weakest strongest →

Latest accounts filed on time

The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 19-01-2026, 101 days ahead of the deadline.

NBB · 2 filings

Deviation from the deadline

2025

101 d early

2024

14 d early

← before the deadline after the deadline →

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

Financials · fiscal year 2025, abbreviated schema

Equity

€74k▲ 60.9%

2024 · €46k

2024: €46k

2024 → 2025

Total assets

€9.22M▼ 2.5%

2024 · €9.46M

2024: €9.46M

2024 → 2025

Net result

€28k▼ 34.1%

2024 · €43k

2024: €43k

2024 → 2025

Working capital

€-80k▼ 53.0%

2024 · €-52k

2024: €-52k

2024 → 2025

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20242025Trend

Equity€46k-€74k▲ 60.9%

Operating result€400k-€263k▼ 34.3%

Net result€43k-€28k▼ 34.1%

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

Result per fiscal year

Operating resultNet result

The operating result falls in 2025; 2025 is 34% below 2024.

Balance-sheet composition

2025 in colour, 2024 as the grey bar beneath

Assets €9.22M

95.8%

Fixed assets €8.84M▼ 2.4%

Current assets €388k▼ 4.4%

Equity and liabilities €9.22M

99.2%

Equity €74k▲ 60.9%

Debt €9.15M▼ 2.8%

The debt ratio falls from 99.5% to 99.2%. Equity is higher and debt is lower.

Key figures and ratios

2025 value · change against 2024

EBITDA

€479k▼

2024 · €739k

Cash flow

€244k▼

2024 · €382k

Solvency

0.8%▲

2024 · 0.5%

Current ratio

0.83▼

2024 · 0.89

Quick ratio

0.83▼

2024 · 0.89

ROE

37.8%▼

2024 · 92.4%

ROA

0.3%▼

2024 · 0.5%

Interest coverage

2.14▼

2024 · 2.17

Debt

€9.15M▼

2024 · €9.41M

Debt ≤ 1 year

€468k▲

2024 · €459k

Debt > 1 year

€8.66M▼

2024 · €8.95M

Income taxes

€10k▼

2024 · €16k

A ratio outside any meaningful range has been withheld (balance sheet total €9.22M, equity €74k).

Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.

Filed annual accounts

As filed with the NBB · 2025 against 2024

Balance sheet Code20242025

Assets

Total assets20/58€9.46M€9.22M▼

Fixed assets21/28€9.05M€8.84M▼

Tangible fixed assets22/27€9.05M€8.84M▼

Land and buildings22€9.05M€8.84M▼

Current assets29/58€406k€388k▼

Amounts receivable within one year40/41€25k€39k▲

Trade receivables40€25k€39k▲

Cash at bank and in hand54/58€382k€303k▼

Deferred charges and accrued income490/1-€46k

Equity and liabilities

Total equity and liabilities10/49€9.46M€9.22M▼

Equity10/15€46k€74k▲

Contributions10/11€4k€4k=

Profit (loss) carried forward14€43k€71k▲

Amounts payable17/49€9.41M€9.15M▼

Amounts payable after more than one year17€8.95M€8.66M▼

Financial debts170/4€8.95M€8.66M▼

Amounts payable within one year42/48€459k€468k▲

Current portion of amounts payable after more than one year42€377k€389k▲

Trade debts44€1k€3k▲

Suppliers440/4€1k€3k▲

Taxes, remuneration and social security45€81k€76k▼

Taxes450/3€81k€76k▼

Accrued charges and deferred income492/3-€21k

Income statement Code20242025

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€339k€216k▼

Other operating charges640/8€165k€128k▼

Gross operating margin9900€904k€606k▼

Operating profit (loss)9901€400k€263k▼

Financial income75/76B€0€0▼

Recurring financial income75€0€0▼

Financial charges65/66B€341k€224k▼

Recurring financial charges65€341k€224k▼

Profit (loss) for the period before taxes9903€59k€39k▼

Income taxes67/77€16k€10k▼

Profit (loss) for the period9904€43k€28k▼

Profit (loss) for the period to be appropriated9905€43k€28k▼

Appropriation of the result

Profit (loss) to be appropriated9906€43k€71k▲

Profit (loss) brought forward from the previous period14P-€43k

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

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Timeline · acts, filings and financial milestones

All 2Filings 2

2026

19-01

NBB filing Annual accounts filed

fiscal year 2025 · abbreviated schema

2025

17-07

NBB filing Annual accounts filed

fiscal year 2024 · abbreviated schema

NBB filing

Directors · office · real estate

Directors

no sitting director, no change since 2025

We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.

11-03-2025 BV AVELA: Resigned as Managing director

11-03-2025 BV DIEPSIE MANAGEMENT: Resigned as Managing director

11-03-2025 BV SIVA INVEST: Resigned as Managing director

29-11-2023 RUDEMA: Resigned as Director

29-11-2023 SDS Manco: Resigned as Director

Location & real-estate footprint

Registered office, Avelgem · 1 establishment unit since 2023

establishment The establishment unit on the map

Cannot be placed on the map

This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.

Nijverheidslaan 158580 Avelgem

Ground area