AVET BUILDING & ENGINEERING
Open bankruptcyAre 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
- Enterprise Court of Ghent, Kortrijk division
- Declared bankrupt
- 20 April 2023
- Supervising judge
- Joost Muylle
- Official Gazette
- 26-04-2023 (pdf) ↗search the document for 2023/116252
Deadlines
- Provisional date payments stopped
- 20 April 2023A later judgment can change the date.art. XX.105 CEL
- Appeal or third-party opposition until
- passed on 11 May 2023Fifteen days after the publication in the Official Gazette.art. XX.108 CEL
- File the claim in RegSol until
- passed on 20 May 2023art. XX.104 and XX.155 CEL
- First verification report
- passed on 6 June 2023Goods 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
- passed on 20 April 2024Late, you share only in what has not been paid out yet, and the costs are yours.art. XX.165 CEL
Curator
- Kathleen SegersFelix Verhaeghestraat 5, 8790 Waregemadvocaten@ksegers.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 31-12-2021 was due by 31-07-2022 and was filed on 30-09-2022, 61 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
2021
61 d late
2020
31 d late
2019
61 d late
2018
2 d early
2017
11 d early
2016
5 d early
2015
11 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 18 days after the deadline; the sector median for financial year 2021 is on the deadline day, and 49% 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 General construction of residential buildings sector doing?Sector figures
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2021, abbreviated schema
Equity
€18,237▼ 60.1%
2020 · €45,724
Total assets
€248,593▼ 34.8%
2020 · €381,443
Net result
-€27,487▲ 87.4%
2020 · -€218,504
Working capital
€218,954▼ 5.2%
2020 · €230,923
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 41, Construction of residential and non-residential buildings, 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
Line2018201920202021
Operating result-€14,563--€236,815▼ 1,526%-€248,459▼ 4.9%-€34,181▲ 86.2%
Net result€12,818--€211,815-€218,504below the sector's middle half▼ 3.2%-€27,487below the sector's middle half▲ 87.4%
Equity€476,043-€264,229▼ 44.5%€45,724below the sector's middle half▼ 82.7%€18,237below the sector's middle half▼ 60.1%
Total assets€1.0m-€848,187▼ 17.8%€381,443below the sector's middle half▼ 55.0%€248,593below the sector's middle half▼ 34.8%
Debt€376,923-€435,991▲ 15.7%€117,400▼ 73.1%€23,493▼ 80.0%
Working capital€648,692-€410,475▼ 36.7%€230,923within the sector's middle half▼ 43.7%€218,954within the sector's middle half▼ 5.2%
Solvency46.1%-31.2%▼ 15.0pp12.0%below the sector's middle half▼ 19.2pp7.3%below the sector's middle half▼ 4.7pp
Current ratio2.72-1.95▼ 0.772.98above the sector's middle half▲ 1.0310.32above the sector's middle half▲ 7.34
Return on assets (ROA)1.2%--25.0%▼ 26.2pp-57.3%below the sector's middle half▼ 32.3pp-11.1%below the sector's middle half▲ 46.2pp
Staff (FTE)1.5-1.5=1.5below the sector's middle half=0.5below the sector's middle half▼ 66.7%
above
within
below
the middle half (P25 to P75) of NACE 41, Construction of residential and non-residential buildings, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €34,181 in 2021 against €248,459 in 2020; the loss shrinks.
Balance-sheet composition
2021 in colour, 2020 as the grey bar beneath
Assets €248,593
Fixed assets
€6,146 ▼ 81.9%
Current assets
€242,447 ▼ 30.2%
Equity and liabilities €248,593
Equity
€18,237 ▼ 60.1%
Provisions
€206,863 ▼ 5.2%
Debt
€23,493 ▼ 80.0%
Debt's share of the balance-sheet total falls from 30.8% to 9.5%. Equity and debt are lower.
Key figures and ratios
EBITDA
-€34,127▲
2020 · -€246,200
Cash flow
-€27,433▲
2020 · -€216,246
Quick ratio
10.06▲
2020 · 2.98
Debt to equity
1.29
ROE
-150.7%▲
2020 · -477.9%
Interest coverage
-45.32
Debt ≤ 1 year
€23,493▼
2020 · €116,559
Income taxes
€0▼
2020 · €230
Staff costs
€16,860
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €0 | - |
| Remuneration, social security and pensions62 | - | - | - | €16,860 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €2,203 | €605 | €2,259 | €54 | ▼ 97.6% |
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | - | - | - | -€11,456 | - |
| Other operating charges640/8 | - | - | - | €6,255 | - |
| Non-recurring operating charges66A | - | - | - | €0 | - |
| Gross operating margin9900 | €73,010 | -€155,510 | -€85,491 | -€22,468 | ▲ 73.7% |
| Operating profit (loss)9901 | -€14,563 | -€236,815 | -€248,459 | -€34,181 | ▲ 86.2% |
| Financial income75/76B | - | - | - | €7,447 | - |
| Recurring financial income75 | €31,027 | €31,305 | €33,648 | €7,447 | ▼ 77.9% |
| Financial charges65/66B | - | - | - | €753 | - |
| Recurring financial charges65 | €8,330 | €8,578 | €3,463 | €753 | ▼ 78.3% |
| Profit (loss) for the period before taxes9903 | €12,999 | -€211,620 | -€218,274 | -€27,487 | ▲ 87.4% |
| Income taxes67/77 | €181 | €195 | €230 | €0 | ▼ 100% |
| Profit (loss) for the period9904 | €12,818 | -€211,815 | -€218,504 | -€27,487 | ▲ 87.4% |
| Profit (loss) for the period to be appropriated9905 | €12,818 | -€211,815 | -€218,504 | -€27,487 | ▲ 87.4% |
| Line | 2018 | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €1.0m | €848,187 | €381,443 | €248,593 | ▼ 34.8% |
| Fixed assets21/28 | €6,599 | €6,266 | €33,961 | €6,146 | ▼ 81.9% |
| Intangible fixed assets21 | €496 | - | - | - | - |
| Tangible fixed assets22/27 | €6,102 | €6,266 | €33,961 | €6,146 | ▼ 81.9% |
| Furniture and vehicles24 | - | - | - | €6,146 | - |
| Current assets29/58 | €1.0m | €841,922 | €347,483 | €242,447 | ▼ 30.2% |
| Stocks and contracts in progress3 | €241,540 | €275,888 | €0 | €6,080 | - |
| Contracts in progress37 | - | - | - | €6,080 | - |
| Amounts receivable within one year40/41 | €533,821 | €440,731 | €307,543 | €178,961 | ▼ 41.8% |
| Trade receivables40 | - | - | - | €88,316 | - |
| Other amounts receivable41 | - | - | - | €90,645 | - |
| Cash at bank and in hand54/58 | €102,625 | €79,005 | €39,939 | €57,406 | ▲ 43.7% |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €1.0m | €848,187 | €381,443 | €248,593 | ▼ 34.8% |
| Equity10/15 | €476,043 | €264,229 | €45,724 | €18,237 | ▼ 60.1% |
| Contributions10/11 | €62,000 | €62,000 | €62,000 | €62,000 | = |
| Capital10 | - | - | - | €62,000 | - |
| Issued capital100 | - | - | - | €62,000 | - |
| Reserves13 | €414,043 | €202,229 | €202,229 | €202,229 | = |
| Non-distributable reserves130/1 | - | - | - | €6,200 | - |
| Legal reserve130 | - | - | - | €6,200 | - |
| Tax-exempt reserves132 | - | - | - | €37,500 | - |
| Distributable reserves133 | - | - | - | €158,529 | - |
| Profit (loss) carried forward14 | - | - | -€218,504 | -€245,992 | ▼ 12.6% |
| Provisions and deferred taxes16 | €178,638 | €147,968 | €218,319 | €206,863 | ▼ 5.2% |
| Provisions for liabilities and charges160/5 | - | - | - | €206,863 | - |
| Other liabilities and charges164/5 | - | - | - | €206,863 | - |
| Amounts payable17/49 | €376,923 | €435,991 | €117,400 | €23,493 | ▼ 80.0% |
| Amounts payable within one year42/48 | €376,313 | €431,446 | €116,559 | €23,493 | ▼ 79.8% |
| Trade debts44 | €40,606 | €196,047 | €27,494 | €7,374 | ▼ 73.2% |
| Suppliers440/4 | - | - | - | €7,374 | - |
| Advances received on contracts in progress46 | - | - | - | €0 | - |
| Taxes, remuneration and social security45 | - | - | - | €1,663 | - |
| Taxes450/3 | - | - | - | €460 | - |
| Remuneration and social security454/9 | - | - | - | €1,203 | - |
| Other amounts payable47/48 | - | - | - | €14,457 | - |
| Accrued charges and deferred income492/3 | - | - | - | €0 | - |
| Line | 2018 | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €12,818 | -€211,815 | -€218,504 | -€27,487 | ▲ 87.4% |
| + Depreciation and write-downs630 | €2,203 | €605 | €2,259 | €54 | ▼ 97.6% |
| Operating cash flow (approximation) | €15,021 | -€211,209 | -€216,246 | -€27,433 | ▲ 87.3% |
| Investment in fixed assets (approximation) | - | -€272 | -€29,954 | €27,760 | ▲ 193% |
| Change in cash | - | -€23,620 | -€39,065 | €17,466 | ▲ 145% |
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
2023
26-04
Bankruptcy
Opening
Ondernemingsrechtbank Gent, afdeling Kortrijk · event 20-04-2023
2022
30-09
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 61 days late
2021
31-12
Financial
Liquidity triplescurrent ratio 10.32
Current ratio from 2.98 to 10.32; short-term debt falls from €116,559 to €23,493.
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 31 days late
2020
31-12
Financial
Weakest financial yearnet -€218,504
Net result drops to -€218,504, the lowest in the series.
30-09
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 61 days late
2019
29-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
20-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
26-07
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
20-07
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
2015
27-05
NBB filing
Annual accounts filed
fiscal year 2014 · abbreviated schema
2014
22-07
NBB filing
Annual accounts filed
fiscal year 2013 · abbreviated schema
2013
29-07
NBB filing
Annual accounts filed
fiscal year 2012 · abbreviated schema
SignalFinancial 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
No directors read yet: 0 of 7 Gazette acts processed. See the function holders in the CBE →
Location & real-estate footprint
Registered office, Anzegem · 1 establishment unit since 1992
Ground area
1,376 m²
Building footprint
231 m²
Volume, LiDAR
855 m³
Parcel 34037A0868/00L000, Flanders · tallest building 5.5 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
AVET BUILDING & ENGINEERING
since 19922.041.247.808
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34037A0868/00L000 | Flanders | 1,376 m² | 1 · 231 m² | 5.5 m · 1 fl. |
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 | Kathleen SEGERS Felix Verhaeghestraat 5, 8790 Waregem |
20-04-2023 → present |
Structure & network
Owners and holdings
1 ownerChain of control
- ALPHA-HOME
- AVET BUILDING & ENGINEERING
Highest known parent: ALPHA-HOME. The sources do not say who stands above it.
Owners 1
- ALPHA-HOMEparent99.8%
Holdings 0
No holding stated in the accounts, acts or LEI register we read.
According to the annual accounts of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
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Of 29,766 companies in this sector we hold annual accounts for 16,066. 11,314 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company details
Identification
Legal formPublic limited company
Founded27-10-1988
Fiscal year end31-12
Abbreviation NL
AVET B & E
Activities, NACEBEL 2025
41001General construction of residential buildings
43222Installation of electric heating, air conditioning, cooling and ventilation
43990Other specialised construction activities
71111Activities of building architects
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.