AVENUE DISTRIBUTION
Open bankruptcyA bankruptcy procedure is open for AVENUE DISTRIBUTION according to publications in the Belgian State Gazette; curator: CHARLES DE LA VALLEE POUSSIN.
Summary
The file additionally contains 2 judicial reorganisation notices. The 2024 annual accounts show equity of €24,823 and a net result of -€68,505.
Are you a creditor?
Open bankruptcy
Source: Belgian Official Gazette
If this company owes you money, you are not paid automatically: you file your claim yourself, within the deadline the judgment sets.
The procedure
- Court
- French-language Enterprise Court of Brussels
- Declared bankrupt
- 18 May 2026
- Supervising judge
- GRéGOIRE De Donnea De Fologne
- Official Gazette
- 26-05-2026 (pdf) ↗search the document for 2026/122310
Deadlines
- Appeal or third-party opposition until
- passed on 10 June 2026Fifteen days after the publication in the Official Gazette.art. XX.108 CEL
- File the claim in RegSol until
- passed on 17 June 2026art. XX.104 and XX.155 CEL
- First verification report
- passed on 24 June 2026Goods that belong to you, such as those delivered under retention of title, are reclaimed before this day.art. XX.104 and XX.194 CEL
- Late claim until
- 18 May 2027Late, you share only in what has not been paid out yet, and the costs are yours.art. XX.165 CEL
Curator
- Charles De la Vallee PoussinAvenue Louise 349, Bte 17, 1050 Ixellesc.delavallee@dlvp.be
What to do now
- Do not deliver on credit any more without an agreement with the curator.
- Gather your documents: invoices, purchase orders, contract, delivery notes and reminders.
- File your proof of claim in RegSol (regsol.be), yourself with eID or itsme, or through your lawyer. State principal, interest and costs separately, and any preferential right you hold.
- Delivered under retention of title? Reclaim your goods before the first report on the verification of claims.
- Ask your accountant about the VAT on the unpaid invoices: in a bankruptcy it can be recovered under conditions.
- Follow the file in RegSol: the verification report (admitted or disputed) and the curator's reports appear there.
The deadlines above come from the publication of the judgment. Check them in RegSol before you file anything; a passed deadline no longer applies.
File a claim in RegSol ↗
Watch
Follow this bankruptcy: you are alerted when it is closed or reversed.
General information, not legal advice. If in doubt, the curator, your lawyer or your accountant can help.Creditor guide for this company
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Signals
Two signals. The signal on the left, the evidence on the right.
+raises risk○neutral
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 23-09-2025, 54 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
2024
54 d late
2023
29 d late
2022
1 d early
2021
11 d late
2020
44 d late
2019
87 d late
2018
27 d early
← 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 28 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 (1)
History
Go further with this company
Who ran this company, and where was it based, on a date before the end?Company as of a date Is the registered address a letterbox address or a business centre?Addresses Are there other customers at risk in your own list?Process a list How is the Retail sale of bicycles sector doing?Sector figures
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2024, micro schema
Equity
€24,823▼ 73.4%
2023 · €93,328
Total assets
€155,525▼ 44.8%
2023 · €281,951
Net result
-€68,505
2023 · €4,146
Working capital
-€7,642
2023 · €64,627
Trend over the years
In euros
In per cent
Ratio
In full-time equivalents (FTE)
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
In full-time equivalents (FTE)
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: 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. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result€38,132▼ 20.4%€28,178▼ 26.1%-€12,647€8,866-€23,222
Net result€30,800above the sector's middle half▲ 3.0%€20,056within the sector's middle half▼ 34.9%-€20,606below the sector's middle half€4,146within the sector's middle half-€68,505below the sector's middle half
Equity€89,732within the sector's middle half▲ 52.3%€109,788within the sector's middle half▲ 22.4%€89,182within the sector's middle half▼ 18.8%€93,328within the sector's middle half▲ 4.6%€24,823within the sector's middle half▼ 73.4%
Total assets€465,195above the sector's middle half▲ 54.2%€495,650above the sector's middle half▲ 6.5%€347,446above the sector's middle half▼ 29.9%€281,951within the sector's middle half▼ 18.9%€155,525within the sector's middle half▼ 44.8%
Debt€375,462▲ 54.6%€385,862▲ 2.8%€258,264▼ 33.1%€188,623▼ 27.0%€130,702▼ 30.7%
Working capital€66,089within the sector's middle half▲ 196%€182,013above the sector's middle half▲ 175%€108,437above the sector's middle half▼ 40.4%€64,627within the sector's middle half▼ 40.4%-€7,642within the sector's middle half
Solvency19.3%within the sector's middle half▼ 0.2pp22.2%within the sector's middle half▲ 2.9pp25.7%within the sector's middle half▲ 3.5pp33.1%within the sector's middle half▲ 7.4pp16.0%within the sector's middle half▼ 17.1pp
Current ratio1.18within the sector's middle half▲ 0.081.69within the sector's middle half▲ 0.511.53within the sector's middle half▼ 0.151.34within the sector's middle half▼ 0.190.94within the sector's middle half▼ 0.40
Return on assets (ROA)6.6%within the sector's middle half▼ 3.3pp4.0%within the sector's middle half▼ 2.6pp-5.9%below the sector's middle half▼ 10.0pp1.5%within the sector's middle half▲ 7.4pp-44.0%below the sector's middle half▼ 45.5pp
Staff (FTE)3above the sector's middle half▲ 50.0%4▲ 33.3%3▼ 25.0%2▼ 33.3%2.5▲ 25.0%
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 micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2024: a loss of €23,222 after €8,866 in 2023, the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €155,525
Fixed assets
€32,465 ▲ 13.1%
Current assets
€123,060 ▼ 51.4%
Equity and liabilities €155,525
Equity
€24,823 ▼ 73.4%
Debt
€130,702 ▼ 30.7%
Debt's share of the balance-sheet total rises from 66.9% to 84.0%. Equity and debt are lower.
Key figures and ratios
EBITDA
-€16,758▼
2023 · €15,186
Cash flow
-€62,042▼
2023 · €10,467
Quick ratio
0.25▲
2023 · 0.22
Debt to equity
5.27▲
2023 · 2.02
ROE
-276.0%▼
2023 · 4.4%
Interest coverage
-1.23▼
2023 · 3.18
Debt ≤ 1 year
€130,702▼
2023 · €188,623
Staff costs
€97,465▲
2023 · €63,774
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €72,117 | - | - |
| Remuneration, social security and pensions62 | - | €197,520 | €100,325 | €63,774 | €97,465 | ▲ 52.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €3,072 | €6,912 | €6,321 | €6,321 | €6,463 | ▲ 2.3% |
| Other operating charges640/8 | - | €565 | €362 | €254 | €6,530 | ▲ 2,469% |
| Non-recurring operating charges66A | - | - | €576 | €116 | - | - |
| Gross operating margin9900 | €163,753 | €233,176 | €94,937 | €79,330 | €87,237 | ▲ 10.0% |
| Operating profit (loss)9901 | €38,132 | €28,178 | -€12,647 | €8,866 | -€23,222 | ▼ 362% |
| Financial income75/76B | - | €9 | €64 | €51 | €46 | ▼ 9.3% |
| Recurring financial income75 | €2,498 | €9 | €64 | €51 | €46 | ▼ 9.3% |
| Financial charges65/66B | - | €7,535 | €9,249 | €4,770 | €45,329 | ▲ 850% |
| Recurring financial charges65 | €2,080 | €7,535 | €9,249 | €4,770 | €13,572 | ▲ 185% |
| Non-recurring financial charges66B | - | - | - | - | €31,757 | - |
| Profit (loss) for the period before taxes9903 | €38,550 | €20,652 | -€21,832 | €4,146 | -€68,505 | ▼ 1,752% |
| Income taxes67/77 | €7,750 | €597 | -€1,225 | - | - | - |
| Profit (loss) for the period9904 | €30,800 | €20,056 | -€20,606 | €4,146 | -€68,505 | ▼ 1,752% |
| Profit (loss) for the period to be appropriated9905 | €30,800 | €20,056 | -€20,606 | €4,146 | -€68,505 | ▼ 1,752% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €465,195 | €495,650 | €347,446 | €281,951 | €155,525 | ▼ 44.8% |
| Fixed assets21/28 | €23,644 | €48,343 | €35,022 | €28,702 | €32,465 | ▲ 13.1% |
| Tangible fixed assets22/27 | €14,044 | €34,743 | €28,422 | €22,102 | €25,865 | ▲ 17.0% |
| Plant, machinery and equipment23 | - | €1,550 | €894 | €237 | €0 | ▼ 100% |
| Furniture and vehicles24 | - | €4,517 | €2,817 | €1,116 | €9,004 | ▲ 707% |
| Other tangible fixed assets26 | - | €28,676 | €24,712 | €20,748 | €16,861 | ▼ 18.7% |
| Financial fixed assets28 | €9,600 | €13,600 | €6,600 | €6,600 | €6,600 | = |
| Current assets29/58 | €441,551 | €447,307 | €312,424 | €253,250 | €123,060 | ▼ 51.4% |
| Stocks and contracts in progress3 | €223,668 | €379,989 | €247,628 | €210,901 | €89,790 | ▼ 57.4% |
| Stocks30/36 | - | €379,989 | €247,628 | €210,901 | €89,790 | ▼ 57.4% |
| Amounts receivable within one year40/41 | €216,651 | €64,180 | €40,057 | €37,602 | €17,269 | ▼ 54.1% |
| Trade receivables40 | - | €64,020 | €39,897 | €37,442 | €12,269 | ▼ 67.2% |
| Other amounts receivable41 | - | €160 | €160 | €160 | €5,000 | ▲ 3,025% |
| Cash at bank and in hand54/58 | €1,232 | €3,138 | €23,522 | €4,748 | €16,001 | ▲ 237% |
| Deferred charges and accrued income490/1 | - | - | €1,217 | - | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €465,195 | €495,650 | €347,446 | €281,951 | €155,525 | ▼ 44.8% |
| Equity10/15 | €89,732 | €109,788 | €89,182 | €93,328 | €24,823 | ▼ 73.4% |
| Contributions10/11 | €20,000 | €20,000 | €20,000 | €20,000 | €20,000 | = |
| Outside capital11 | - | €20,000 | - | - | - | - |
| Share premium1100/10 | - | €20,000 | - | - | - | - |
| Reserves13 | €2,000 | €2,000 | €2,000 | €2,000 | €2,000 | = |
| Non-distributable reserves130/1 | - | €2,000 | €2,000 | €2,000 | €2,000 | = |
| Reserves not available under the articles1311 | - | €2,000 | €2,000 | €2,000 | €2,000 | = |
| Profit (loss) carried forward14 | €67,733 | €87,789 | €67,182 | €71,328 | €2,823 | ▼ 96.0% |
| Amounts payable17/49 | €375,462 | €385,862 | €258,264 | €188,623 | €130,702 | ▼ 30.7% |
| Amounts payable after more than one year17 | - | €70,567 | €14,277 | - | - | - |
| Financial debts170/4 | - | €70,567 | €14,277 | - | - | - |
| Amounts payable within one year42/48 | €375,462 | €265,295 | €203,987 | €188,623 | €130,702 | ▼ 30.7% |
| Current portion of amounts payable after more than one year42 | - | €55,005 | €56,290 | €34,678 | €11,482 | ▼ 66.9% |
| Financial debts43 | - | - | - | €996 | €50,000 | ▲ 4,918% |
| Credit institutions430/8 | - | - | - | €996 | €50,000 | ▲ 4,918% |
| Trade debts44 | €247,818 | €45,763 | €39,226 | €50,252 | €1,757 | ▼ 96.5% |
| Suppliers440/4 | - | €45,763 | €39,226 | €50,252 | €1,757 | ▼ 96.5% |
| Advances received on contracts in progress46 | - | - | €12,476 | - | €10,156 | - |
| Taxes, remuneration and social security45 | - | €111,992 | €69,706 | €12,411 | €40,039 | ▲ 223% |
| Taxes450/3 | - | €92,943 | €68,787 | €12,411 | €20,878 | ▲ 68.2% |
| Remuneration and social security454/9 | - | €19,049 | €920 | - | €19,161 | - |
| Other amounts payable47/48 | - | €52,534 | €26,288 | €90,286 | €17,267 | ▼ 80.9% |
| Accrued charges and deferred income492/3 | - | €50,000 | €40,000 | - | - | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €30,800 | €20,056 | -€20,606 | €4,146 | -€68,505 | ▼ 1,752% |
| + Depreciation and write-downs630 | €3,072 | €6,912 | €6,321 | €6,321 | €6,463 | ▲ 2.3% |
| Operating cash flow (approximation) | €33,872 | €26,968 | -€14,286 | €10,467 | -€62,042 | ▼ 693% |
| Investment in fixed assets (approximation) | - | -€31,611 | €7,000 | €0 | -€10,227 | - |
| Change in cash | - | €1,907 | €20,384 | -€18,775 | €11,254 | ▲ 160% |
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
2026
26-05
Bankruptcy
Opening
Tribunal de l’entreprise francophone de Bruxelles · event 18-05-2026
2025
23-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 54 days late
2024
31-12
Financial
Weakest financial yearnet -€68,505
Net result drops to -€68,505, the lowest in the series.
29-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 29 days late
2023
31-12
Financial
Back to profitnet €4,146
Net result €4,146 after one loss-making year.
30-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
22-02
Judicial reorganisation
Plan homologation
Tribunal de l’entreprise francophone de Bruxelles · event 15-02-2023
2022
15-09
Judicial reorganisation
Opening
Tribunal de l’entreprise francophone de Bruxelles · collective agreement · event 07-09-2022
11-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 11 days late
2021
31-12
Financial
Equity above €100,000Eq €109,788 ▲22.4%
4 profitable years in a row build equity to €109,788.
13-09
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 44 days late
2020
26-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 87 days late
Show earlier events
2019
04-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
11-01
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 164 days late
2017
09-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 9 days late
2016
04-08
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 4 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts
We know of 5 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
No directors read yet: 0 of 5 Gazette acts processed. See the function holders in the CBE →
Location & real-estate footprint
Registered office, Sint-Gillis (bij-Brussel) · 1 establishment unit since 2017
Ground area
416 m²
Parcel 21013B0359/00E004, Brussels. Linked by address, not a title deed.
8
companies at this address
See who is registered here
1 establishment unit
Bike Avenue
since 20172.308.545.164
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21013B0359/00E004 | Brussels | 416 m² | - | - |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | CHARLES DE LA VALLEE POUSSIN Avenue Louise 349, Bte 17, 1050 Ixelles |
18-05-2026 → present |
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Of 1,464 companies in this sector we hold annual accounts for 733. 406 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company details
Identification
Legal formPrivate limited company (pre-2019)
Founded27-05-2014
Fiscal year end31-12
Activities, NACEBEL 2025
47632Retail sale of bicycles
95290Repair and maintenance of other personal and household goods
E-invoicing
Not found in the Peppol register
No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.
Register as of 30 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.