Equity
-€16,603
Debts exceed assets in financial year 2025.
AVENUE 59
Lifetime
12 annual accounts with figures on one time axispeak €8,425 (2021)
-€7,362▼ €6,794
lowest -€12,025 (2015)
-€8,383▼ €6,396
peak €10,769 (2014)
-€16,603▼ €8,383
€27,630▲ 24.1%
Board4 names since 2018
2 directorsAZEVEDO DE CARVALHO Luis Alberto and 1 other
Documentsfilings and deeds
31-08-202631 days late
2025micro format
Gross margin from -€567 to -€7,362Loss of €8,383Equity from -€8,220 to -€16,603Debts from €22,264 to €27,630Cash from €4,248 to €881
Key points
from the 2025 annual accountsLosses
-€15,969 in three years
Every financial year from 2023 to 2025 closed with a loss. 2025 was the heaviest.
Debts
€27,630 251% of the balance sheet
Filings
12 annual accounts since 2014
Six of the last ten came late. The 2023 accounts came latest: 43 days after the end of the period.
At the same address
13 companies
Position in the sector
-150.6%
Lower solvency than 92% of companies in wholesale trade. Sector median 40.4% · 13,805 companies.
Turnover not published (micro format)
Checked score
52
Fair
Financially stronger than 7% of micro companies in wholesale trade (NACE 46)
Probability in this band: 1.5% to 4.2%
Bankruptcy probability within 12 months
1.6% Moderate
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.4% across 26,891 companies (NACE 46, micro).
About 2 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 1.6%
01-2025: 1.6%● unchanged vs 12-2024
02-2025: 1.6%● unchanged vs 01-2025
03-2025: 1.6%● unchanged vs 02-2025
04-2025: 1.7%▲ +0.1 percentage points vs 03-2025
05-2025: 1.6%▼ -0.1 percentage points vs 04-2025
06-2025: 1.6%● unchanged vs 05-2025
07-2025: 1.6%● unchanged vs 06-2025
08-2025: 2.1%▲ +0.5 percentage points vs 07-2025highest value
09-2025: 1.0%▼ -1.1 percentage points vs 08-2025
10-2025: 1.0%● unchanged vs 09-2025
11-2025: 1.0%● unchanged vs 10-2025
12-2025: 1.0%● unchanged vs 11-2025
01-2026: 1.0%● unchanged vs 12-2025
02-2026: 0.9%▼ -0.1 percentage points vs 01-2026
03-2026: 0.9%● unchanged vs 02-2026
04-2026: 0.8%▼ -0.1 percentage points vs 03-2026
05-2026: 0.8%● unchanged vs 04-2026
06-2026: 0.8%● unchanged vs 05-2026lowest value
07-2026: 0.8%● unchanged vs 06-2026
08-2026: 1.1%▲ +0.3 percentage points vs 07-2026
09-2026: 1.6%▲ +0.5 percentage points vs 08-2026
10-2026: 1.6%● unchanged vs 09-2026
11-2026: 1.6%● unchanged vs 10-2026
Financial strengthWeak
Score breakdown
raises risk
Loss of €8,383, the second in a row (financial year 2025)
Last filed accounts filed 31 days late; 2 of the last 3 accounts late
Negative equity -€16,603
lowers risk
Size: total assets €11,027
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 46, micro). It does better than 6% of them on solvency, 11% on liquidity, 6% on profitability and 4% on growth.
The bankruptcy probability was computed on 10-11-2026 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 31-12-2025.
Of the companies with a bankruptcy probability in the moderate class on 30-06-2025, 2.4% 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).
Comparable companies, two years later
In July 2024, 6,908 companies had the same profile as AVENUE 59 has now. Each dot stands for 18 companies, two years later.
85.4%
were still trading
8.1%
stopped another way
5.8%
went bankrupt
Another 0.7% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of AVENUE 59 itself: 1.6% within 12 months.
Test of the method
The method was tested on the 497,448 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 6,908 companies, not a prediction for AVENUE 59. 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.
Credit verdict
No credit on open account
Liquidity is insufficient, with a current ratio of 0.36 (0.54 in 2024), below 1. Short-term debt is 250.6% and cash 8% of total assets. Equity is negative.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Six signals.
lowers riskraises risk
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year -€16,603
raises risk · 2025 accounts filed 31 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 10 filingsDeviation from the deadline
2025
31 days late
2024
on the day
2023
43 days late
2022
30 days late
2021
30 days late
2020
19 days late
2019
51 days early
← 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 15 days after the deadline. In the sector (NACE 46), the median for financial year 2024 was 3 days before the deadline, and 39% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 30 August (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
11-11-2026 today31-12-2026 year end31-07-2027 deadline
Board and ownership
- Maria Olinda de jesus Almeida Azevedo 50 sharesdeed of 11-05-2022
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0553864159
Transfer of 50 shares from Azevedo de Carvalho Luis to Maria Olinda de jesus Almeida Azevedo
Appointment: Maria Olinda de jesus Almeida Azevedo (dirigeante d'entreprise et gérante) · General meeting of 01-01-2022 · Gazette deed
Registered office moved within Ixelles
New registered office: Avenue Louise 244 Bt 009 à 1050 Ixelles · Previous registered office: Avenue Louise 248 à 1050 Ixelles · General meeting of 01-07-2018 · Gazette deed
Transfer of 50 shares from Matias Felicio Pedro to Azevedo de Carvalho luis
Resignation: Matias Felicio Pedro (dirigeant d'entreprise et gérant) · General meeting of 28-02-2018 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| AVENUE 59 Ixelles | €11,027 | -€7,362 | -150.6% | - |
| URBAN COFFEE Sint-Genesius-Rode | €13,298 | €132 | 85.2% | - |
| BVKfé Seraing | €17,167 | €1,104 | 63.8% | - |
| THE GOOD CHOCOLATE COMPANY Ixelles | €5,245 | -€3,886 | -8886.5% | - |
| KVA BAR Anderlues | €13,890 | €1,114 | 24.9% | - |
| DASET TRADE Wuustwezel | €26,269 | -€14,937 | 88.0% | - |
| BITTERSWEET BEVERAGES Antwerp | €28,824 | -€1,932 | -18.7% | - |
These companies have the same main activity as AVENUE 59: wholesale trade (NACE 46370). They are comparable in size and age: total assets between €5,240 and €28,800, founded between 2010 and 2019.
Official details
Source: KBO- Status
- Active since 17-06-2014Normal situation
- Registered office
- 15 active companies are registered at this addressSource: KBO register, as of 10 November 2026.
- Activity
- Wholesale tradeNACE 46370and 4 others
- Establishment unit
- 2.273.455.4151050 Ixelles, since 29-01-2018
- Financial year end
- 31 December
- Peppol
- Reachable since 12-01-2026
Insights on AVENUE 59
AVENUE 59 files the micro format. That format states no turnover. The gross margin rose from -€7,386 in 2014 to -€7,362 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about AVENUE 59
- What is the company number of AVENUE 59?
- The company number of AVENUE 59 is 0553.864.159. The VAT number is the same number with BE in front: BE 0553.864.159.
- Where is AVENUE 59 based?
- The registered office is at Louizalaan 244, 1050 Ixelles.Company details
- What does AVENUE 59 do?
- According to the KBO register, the main activity is wholesale trade (NACE 46370).
- What is the legal form of AVENUE 59?
- AVENUE 59 is a private limited company (pre-2019) (BVBA).
- When was AVENUE 59 founded?
- AVENUE 59 was founded on 17-06-2014.
- Is AVENUE 59 still active?
- Yes, AVENUE 59 is an active enterprise in the KBO register.
- What is the turnover of AVENUE 59?
- The annual accounts for financial year 2025 state no turnover. The micro format does not require it.Financials
- Is AVENUE 59 profitable?
- In financial year 2025, AVENUE 59 made a loss of €8,383.
- Where can I find the annual accounts of AVENUE 59?
- AVENUE 59 filed 12 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of AVENUE 59 due?
- AVENUE 59 must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
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