AVENUE PROJECTS
ActiveAVENUE PROJECTS has been active since 2016 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €460k and a net result of €-150k. Equity is shrinking by ~6.1% per year across the filed fiscal years. Its solvency ranks better than 13% of 37959 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2024
49
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability28▲+14
Solvency32▼-2
Growth32=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €22k at 30 days acceptable
Liquidity short (current ratio 0.05 against 0.05 in 2023; short-term debt: 62.1% and cash: 0.6% of total assets), and 92.9% of the assets are financed with debt.
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
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Sector 70
lower
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
7.1%
Return on assets
-2.3%
Age of the figures
21 mo
raises risk · Persistent losses
Two consecutive loss-making years (2023 and 2024); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2024Net result per financial year
18192021222324
2018 to 2024 · latest year €-150k
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 13% of 37959 sector peers (2024).
NBB · sector comparisonPosition among 37959 sector peers
Solvency
better than 13%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 29-08-2025, 29 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 · 8 filingsDeviation from the deadline
2025
not confirmed
2024
29 d late
2023
77 d late
2022
71 d late
2021
151 d late
2020
89 d late
2019
83 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Equity
€460k▼ 24.5%
2023 · €610k
2018: €838k
2019: €890k
2020: €847k
2021: €797k
2022: €874k
2023: €610k
2018 → 2024
Total assets
€6.47M▼ 1.0%
2023 · €6.54M
2018: €1.68M
2019: €1.80M
2020: €2.60M
2021: €3.62M
2022: €6.36M
2023: €6.54M
2018 → 2024
Net result
€-150k▲ 43.4%
2023 · €-264k
2018: €35k
2019: €52k
2020: €-43k
2021: €-50k
2022: €77k
2023: €-264k
2018 → 2024
Working capital
€-3.81M▼ 1.9%
2023 · €-3.74M
2018: €82k
2019: €131k
2020: €306k
2021: €-248k
2022: €-2.76M
2023: €-3.74M
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€847k-€797k▼ 5.9%€874k▲ 9.7%€610k▼ 30.2%€460k▼ 24.5%
Operating result€-24k-€-17k▲ 27.9%€114k€-233k€-120k▲ 48.7%
Net result€-43k-€-50k▼ 15.1%€77k€-264k€-150k▲ 43.4%
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 €120k in 2024 against €233k in 2023; the loss shrinks.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €6.47M
Fixed assets
€6.26M▼ 1.4%
Current assets
€214k▲ 12.9%
Equity and liabilities €6.47M
Equity
€460k▼ 24.5%
Debt
€6.01M▲ 1.4%
The debt ratio rises from 90.7% to 92.9%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€50k▲
2023 · €-49k
Cash flow
€20k▲
2023 · €-80k
Solvency
7.1%▼
2023 · 9.3%
Current ratio
0.05▲
2023 · 0.05
Quick ratio
0.05▲
2023 · 0.05
Debt / equity
13.07▲
2023 · 9.72
ROE
-32.5%▲
2023 · -43.3%
ROA
-2.3%▲
2023 · -4.0%
Interest coverage
1.51▲
2023 · -1.44
Debt
€6.01M▲
2023 · €5.93M
Debt ≤ 1 year
€4.02M▲
2023 · €3.92M
Debt > 1 year
€1.93M▼
2023 · €2.01M
Income taxes
€285▲
2023 · €284
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 · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€6.54M€6.47M▼
Fixed assets21/28€6.35M€6.26M▼
Tangible fixed assets22/27€6.35M€6.26M▼
Land and buildings22€6.18M€6.09M▼
Plant, machinery and equipment23-€169k
Furniture and vehicles24€173k€5k▼
Current assets29/58€189k€214k▲
Amounts receivable within one year40/41€176k€170k▼
Trade receivables40€66k€60k▼
Other amounts receivable41€110k€110k▼
Cash at bank and in hand54/58€8k€41k▲
Deferred charges and accrued income490/1€5k€3k▼
Equity and liabilities
Total equity and liabilities10/49€6.54M€6.47M▼
Equity10/15€610k€460k▼
Contributions10/11€769k€769k=
Outside capital11€769k-
Other1109/19€769k-
Reserves13€6k€6k=
Non-distributable reserves130/1€6k€6k=
Reserves not available under the articles1311€6k€6k=
Profit (loss) carried forward14€-165k€-314k▼
Amounts payable17/49€5.93M€6.01M▲
Amounts payable after more than one year17€2.01M€1.93M▼
Financial debts170/4€2.01M€1.93M▼
Amounts payable within one year42/48€3.92M€4.02M▲
Current portion of amounts payable after more than one year42€101k€81k▼
Trade debts44€97k€2k▼
Suppliers440/4€97k€2k▼
Taxes, remuneration and social security45€18k€22k▲
Taxes450/3€18k€22k▲
Other amounts payable47/48€3.71M€3.91M▲
Accrued charges and deferred income492/3-€69k
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€184k€169k▼
Other operating charges640/8€10k€9k▼
Gross operating margin9900€-39k€59k▲
Operating profit (loss)9901€-233k€-120k▲
Financial income75/76B€3k€3k▲
Recurring financial income75€3k€3k▲
Financial charges65/66B€34k€33k▼
Recurring financial charges65€34k€33k▼
Profit (loss) for the period before taxes9903€-264k€-149k▲
Income taxes67/77€284€285▲
Profit (loss) for the period9904€-264k€-150k▲
Profit (loss) for the period to be appropriated9905€-264k€-150k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-165k€-314k▼
Profit (loss) brought forward from the previous period14P€100k€-165k▼
The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 29 days late
2024
16-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 77 days late
2023
31-12
Financial
Weakest financial yearnet €-264k ▼441%
Net result drops to €-264k, the lowest in the series; recovery starts the following year.
10-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 71 days late
2022
31-12
Financial
Back to profitnet €77k
Net result €77k after 2 loss-making years.
29-12
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 151 days late
2021
28-10
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 89 days late
2020
22-10
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 83 days late
2019
28-10
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 89 days late
2018
30-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 30 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
4 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, Oostende · 1 establishment unit since 2016
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.
Wellingtonstraat 12 - 168400 OostendeGround area
2,338 m²
Building footprint
1,256 m²
Volume, LiDAR
4,395 m³
2 parcels, Flanders · tallest building 8.3 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
AVENUE PROJECTS
since 20162.255.995.316
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 35386D0191/00A002 | Flanders | 1,491 m² | 1 · 409 m² | - |
| 35020B0471/00W003 | Flanders | 847 m² | 1 · 847 m² | 8.2 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
DEBEAUMONT FINANCES
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LoLa Consult
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MCN INVEST
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GESTIONIS
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FINAMED CONSULT
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Of 82,569 companies in sector 70200 we hold annual accounts for 52,573. 35,313 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded20-07-2016
Fiscal year end31-12
Activities, NACEBEL
70200Business and other management consultancy
70220Business consulting
64200Holdings
64210Activities of holding companies
70210Activities of head offices; management consultancy activities
73300Public relations and communication consultancy
Sources
Crossroads Bank for EnterprisesNational Bank · 8 filingsAddress and cadastre registers
Data from official sources, last processed on 21-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
2 entriesE-mail:oliviavanmoerkerke@gmail.com
Phone:0477 761 796