Avenue Création
ActiveSummary
Avenue Création has been active since 1991 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €259,167 and a net result of -€34,859. Equity is shrinking by ~4.9% per year across the filed fiscal years. Its solvency ranks better than 95% of 10522 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.3% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability3▼-4
Solvency100=
Growth32=
Track record100
Bankruptcy probability, 12 months
1.3%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €14,000 at 30 days acceptable
Liquidity ample (current ratio 18.35 against 12.19 in 2024; short-term debt: 4.8% and cash: 10.4% of total assets), and 4.8% of the assets are financed with debt.
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Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Retail trade (NACE 47)
about 45% more bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year -€34,859
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 30-08-2026, 30 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
30 d late
2024
29 d late
2023
29 d late
2022
31 d late
2021
31 d late
2020
31 d late
2019
31 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 30 days after the deadline; the sector median for financial year 2024 is on the deadline day, and 47% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. Usually files around 30 August (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
29-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
Equity
€259,167▼ 11.9%
2024 · €294,026
Total assets
€272,172▼ 14.1%
2024 · €316,773
Net result
-€34,859▼ 13.6%
2024 · -€30,690
Working capital
€225,645▼ 11.3%
2024 · €254,464
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 47, Retail trade, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result-€19,524▲ 67.9%€8,772€68,286▲ 678%-€37,131-€46,479▼ 25.2%
Net result-€19,325below the sector's middle half▲ 56.5%€7,997within the sector's middle half€58,484above the sector's middle half▲ 631%-€30,690below the sector's middle half-€34,859below the sector's middle half▼ 13.6%
Equity€258,235above the sector's middle half▼ 7.0%€266,232above the sector's middle half▲ 3.1%€324,716above the sector's middle half▲ 22.0%€294,026above the sector's middle half▼ 9.5%€259,167within the sector's middle half▼ 11.9%
Total assets€303,681within the sector's middle half▼ 1.6%€331,461above the sector's middle half▲ 9.1%€350,818above the sector's middle half▲ 5.8%€316,773within the sector's middle half▼ 9.7%€272,172below the sector's middle half▼ 14.1%
Debt€45,446▲ 46.3%€65,229▲ 43.5%€26,103▼ 60.0%€22,747▼ 12.9%€13,005▼ 42.8%
Working capital€219,743above the sector's middle half▼ 3.5%€235,175above the sector's middle half▲ 7.0%€307,161above the sector's middle half▲ 30.6%€254,464above the sector's middle half▼ 17.2%€225,645within the sector's middle half▼ 11.3%
Solvency85.0%above the sector's middle half▼ 4.9pp80.3%above the sector's middle half▼ 4.7pp92.6%above the sector's middle half▲ 12.2pp92.8%above the sector's middle half▲ 0.3pp95.2%above the sector's middle half▲ 2.4pp
Current ratio5.84above the sector's middle half▼ 2.504.61above the sector's middle half▼ 1.2312.77above the sector's middle half▲ 8.1612.19above the sector's middle half▼ 0.5818.35above the sector's middle half▲ 6.16
Return on assets (ROA)-6.4%below the sector's middle half▲ 8.0pp2.4%within the sector's middle half▲ 8.8pp16.7%above the sector's middle half▲ 14.3pp-9.7%below the sector's middle half▼ 26.4pp-12.8%below the sector's middle half▼ 3.1pp
Staff (FTE)6.6▲ 128%5.6▼ 15.2%0.5▼ 91.1%
above
within
below
the middle half (P25 to P75) of NACE 47, Retail trade, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €46,479 in 2025 against €37,131 in 2024; the loss grows and 2025 has the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €272,172
Fixed assets
€33,522 ▼ 15.3%
Current assets
€238,650 ▼ 13.9%
Equity and liabilities €272,172
Equity
€259,167 ▼ 11.9%
Debt
€13,005 ▼ 42.8%
Debt's share of the balance-sheet total falls from 7.2% to 4.8%. Equity and debt are lower.
Key figures and ratios
EBITDA
-€40,438▼
2024 · -€30,944
Cash flow
-€28,819▼
2024 · -€24,504
Quick ratio
18.21▲
2024 · 12.09
Debt to equity
0.05▼
2024 · 0.08
ROE
-13.5%▼
2024 · -10.4%
Interest coverage
-77.14▲
2024 · -2056.10
Debt ≤ 1 year
€13,005▼
2024 · €22,747
Income taxes
€232▲
2024 · -€146
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 5,834 companies that looked in July 2024 the way this one looks now, 1.7% went bankrupt within 24 months and 84% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a loss of 10% of the balance sheet or more
1.7%
went bankrupt
13%
stopped otherwise
84%
still going
A further 0.4% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 1.3% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,338 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.9% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 5,834 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | €1,074 | €1,708 | €81,111 | €37 | €267 | ▲ 625% |
| Remuneration, social security and pensions62 | €89,400 | €113,987 | €18,557 | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €11,262 | €7,435 | €1,309 | €6,186 | €6,040 | ▼ 2.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | €2,188 | €409 | ▼ 81.3% |
| Other operating charges640/8 | €2,378 | €2,655 | €2,207 | €2,771 | €2,305 | ▼ 16.8% |
| Non-recurring operating charges66A | €398 | €5,246 | €1,601 | - | €6,748 | - |
| Gross operating margin9900 | €83,915 | €138,095 | €91,960 | -€25,985 | -€30,976 | ▼ 19.2% |
| Operating profit (loss)9901 | -€19,524 | €8,772 | €68,286 | -€37,131 | -€46,479 | ▼ 25.2% |
| Financial income75/76B | €1,337 | €47 | €936 | €6,309 | €12,376 | ▲ 96.2% |
| Recurring financial income75 | €1,337 | €47 | €936 | €6,309 | €12,376 | ▲ 96.2% |
| Financial charges65/66B | €895 | €552 | €346 | €15 | €524 | ▲ 3,383% |
| Recurring financial charges65 | €895 | €552 | €346 | €15 | €524 | ▲ 3,383% |
| Profit (loss) for the period before taxes9903 | -€19,082 | €8,267 | €68,876 | -€30,837 | -€34,627 | ▼ 12.3% |
| Income taxes67/77 | €243 | €271 | €10,392 | -€146 | €232 | ▲ 259% |
| Profit (loss) for the period9904 | -€19,325 | €7,997 | €58,484 | -€30,690 | -€34,859 | ▼ 13.6% |
| Profit (loss) for the period to be appropriated9905 | -€19,325 | €7,997 | €58,484 | -€30,690 | -€34,859 | ▼ 13.6% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €303,681 | €331,461 | €350,818 | €316,773 | €272,172 | ▼ 14.1% |
| Fixed assets21/28 | €38,492 | €31,057 | €17,555 | €39,562 | €33,522 | ▼ 15.3% |
| Tangible fixed assets22/27 | €35,273 | €27,838 | €14,335 | €36,342 | €30,302 | ▼ 16.6% |
| Land and buildings22 | €12,413 | €12,413 | €12,413 | €15,133 | €14,453 | ▼ 4.5% |
| Plant, machinery and equipment23 | €1 | - | - | - | - | - |
| Furniture and vehicles24 | €18,487 | €12,278 | - | €20,512 | €15,554 | ▼ 24.2% |
| Other tangible fixed assets26 | €4,372 | €3,147 | €1,922 | €697 | €295 | ▼ 57.7% |
| Financial fixed assets28 | €3,220 | €3,220 | €3,220 | €3,220 | €3,220 | = |
| Current assets29/58 | €265,188 | €300,403 | €333,264 | €277,211 | €238,650 | ▼ 13.9% |
| Stocks and contracts in progress3 | €59,697 | €39,453 | €4,375 | €2,188 | €1,822 | ▼ 16.7% |
| Stocks30/36 | €59,697 | €39,453 | €4,375 | €2,188 | €1,822 | ▼ 16.7% |
| Amounts receivable within one year40/41 | €3,094 | €158 | €19,347 | €11,255 | €12,772 | ▲ 13.5% |
| Trade receivables40 | €3,086 | €158 | €19,082 | €5,010 | €7,511 | ▲ 49.9% |
| Other amounts receivable41 | €8 | - | €265 | €6,245 | €5,261 | ▼ 15.8% |
| Current investments50/53 | - | - | €240,000 | €80,000 | €195,328 | ▲ 144% |
| Cash at bank and in hand54/58 | €202,269 | €260,320 | €69,268 | €183,528 | €28,243 | ▼ 84.6% |
| Deferred charges and accrued income490/1 | €129 | €473 | €274 | €240 | €486 | ▲ 103% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €303,681 | €331,461 | €350,818 | €316,773 | €272,172 | ▼ 14.1% |
| Equity10/15 | €258,235 | €266,232 | €324,716 | €294,026 | €259,167 | ▼ 11.9% |
| Contributions10/11 | €62,000 | €62,000 | €62,000 | €62,000 | €62,000 | = |
| Capital10 | €62,000 | €62,000 | €62,000 | €62,000 | €62,000 | = |
| Issued capital100 | €62,000 | €62,000 | €62,000 | €62,000 | €62,000 | = |
| Reserves13 | €32,624 | €32,624 | €90,624 | €90,624 | €90,624 | = |
| Non-distributable reserves130/1 | €32,624 | €32,624 | €32,624 | €32,624 | €32,624 | = |
| Legal reserve130 | €32,624 | €32,624 | €32,624 | €32,624 | €32,624 | = |
| Distributable reserves133 | - | - | €58,000 | €58,000 | €58,000 | = |
| Profit (loss) carried forward14 | €163,611 | €171,608 | €172,092 | €141,402 | €106,543 | ▼ 24.7% |
| Amounts payable17/49 | €45,446 | €65,229 | €26,103 | €22,747 | €13,005 | ▼ 42.8% |
| Amounts payable within one year42/48 | €45,446 | €65,229 | €26,103 | €22,747 | €13,005 | ▼ 42.8% |
| Trade debts44 | €15,440 | €28,494 | €5,878 | €1,863 | €5,332 | ▲ 186% |
| Suppliers440/4 | €15,440 | €28,494 | €5,878 | €1,863 | €5,332 | ▲ 186% |
| Taxes, remuneration and social security45 | €28,474 | €28,397 | €11,829 | €12,843 | €1,430 | ▼ 88.9% |
| Taxes450/3 | €14,541 | €17,404 | €10,038 | €10,070 | €478 | ▼ 95.3% |
| Remuneration and social security454/9 | €13,933 | €10,992 | €1,791 | €2,774 | €952 | ▼ 65.7% |
| Other amounts payable47/48 | €1,532 | €8,338 | €8,396 | €8,041 | €6,244 | ▼ 22.4% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€19,325 | €7,997 | €58,484 | -€30,690 | -€34,859 | ▼ 13.6% |
| + Depreciation and write-downs630 | €11,262 | €7,435 | €1,309 | €6,186 | €6,040 | ▼ 2.4% |
| Operating cash flow (approximation) | -€8,063 | €15,432 | €59,793 | -€24,504 | -€28,819 | ▼ 17.6% |
| Investment in fixed assets (approximation) | - | €0 | €12,194 | -€28,194 | €0 | ▲ 100% |
| Change in cash | - | €58,051 | -€191,052 | €114,261 | -€155,286 | ▼ 236% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
30-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 30 days late
2025
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 29 days late
2024
29-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 29 days late
2023
31-12
Financial
Highest result since 2018net €58,484 ▲631%
Operating result €68,286, net result €58,484, both a record.
31-12
Financial
Liquidity triplescurrent ratio 12.77
Current ratio from 4.61 to 12.77; short-term debt falls from €65,229 to €26,103.
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 31 days late
2022
31-12
Financial
Back to profitnet €7,997
Net result €7,997 after 4 loss-making years.
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
2021
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
2020
31-12
Financial
Weakest financial yearnet -€44,427
Net result drops to -€44,427, the lowest in the series; recovery starts the following year.
31-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 31 days late
2019
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 30 days late
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 31 days late
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 7 acts read
About the unread acts
We know of 7 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
7 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Ukkel · 3 establishment units since 1992
Ground area
473 m²
Building footprint
327 m²
Volume, LiDAR
3,168 m³
4 parcels, Brussels · tallest building 18.1 m, ±4 floors. Linked by address, not a title deed.
3 establishment units
AVENUE
since 19922.056.326.655
AVENUE
since 19932.056.326.754
AVENUE KID'S
since 19942.056.326.853
4 parcels
Brussels
4
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21614E0049/00Y005 | Brussels | 164 m² | 1 · 87 m² | 11.5 m · 3 fl. |
| 21447B0220/00Y007 | Brussels | 124 m² | 1 · 85 m² | 18.1 m · 4 fl. |
| 21612C0056/02G055 | Brussels | 97 m² | 1 · 96 m² | 15.2 m · 4 fl. |
| 21612C0056/02S073 | Brussels | 88 m² | 1 · 59 m² | 16.5 m · 4 fl. |
Linked by address, not proof of ownership
Good to know
4 of 4 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 410 companies in sector 47722 we hold annual accounts for 166. 121 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded27-12-1991
Fiscal year end31-12
Activities, NACEBEL 2025
47722Retail trade
46423Wholesale of clothing, excluding workwear and underwear
46498Wholesale trade
47716Retail sale of clothing and accessories for women, men, children and babies (general range)
E-invoicing
Reachable via Peppol
Peppol ID
0208:0446219596
Also
9925:BE0446219596
Registered
05-02-2026
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.