AVI GROUP
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
- French-language Enterprise Court of Brussels
- Declared bankrupt
- 16 December 2024
- Supervising judge
- Vincent Lantonnois Van Rode
- Official Gazette
- 27-12-2024 (pdf) ↗search the document for 2024/150941
Deadlines
- Appeal or third-party opposition until
- passed on 11 January 2025Fifteen days after the publication in the Official Gazette.art. XX.108 CEL
- File the claim in RegSol until
- passed on 15 January 2025art. XX.104 and XX.155 CEL
- First verification report
- passed on 22 January 2025Goods 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 16 December 2025Late, you share only in what has not been paid out yet, and the costs are yours.art. XX.165 CEL
Curator
- Bernard VanhamRue de Charleroi 2, 1400 Nivellesbv@exalaw.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
raises risk · Administrative warnings in the KBO publications
1 publication by the FPS Economy about this company, such as a strike-off for address, accounts or UBO, or its withdrawal.
KBO publicationsPublications
Address struck
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
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2021, micro schema
Turnover
€700,851
EBIT margin
-12.2%
Net result
-€86,426
2020 · €44,624
Working capital
-€208,088▼ 159%
2020 · -€80,293
Trend over the years
In euros
In full-time equivalents (FTE)
In euros
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.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line2018201920202021
Turnover€700,851
Operating result€3,514--€72,004€44,864-€85,734
Net result€1,645--€72,893€44,624-€86,426
EBIT margin-12.2%
Equity€15,586--€57,306-€12,683▲ 77.9%-€99,108▼ 681%
Total assets€107,045-€106,330▼ 0.7%€249,278▲ 134%€316,701▲ 27.0%
Debt€91,459-€163,636▲ 78.9%€261,960▲ 60.1%€415,809▲ 58.7%
Working capital-€12,182--€99,248▼ 715%-€80,293▲ 19.1%-€208,088▼ 159%
Staff (FTE)2-1▼ 50.0%2.7▲ 170%2.9▲ 7.4%
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 2021: a loss of €85,734 after €44,864 in 2020, the lowest result in the available series.
Balance-sheet composition
2021 in colour, 2020 as the grey bar beneath
Assets €316,701
Fixed assets
€108,979 ▲ 61.2%
Current assets
€207,722 ▲ 14.3%
Equity and liabilities
Equity-€99,108
Debt€415,809
Equity is negative: debt (€415,809) exceeds the balance-sheet total (€316,701).
Key figures and ratios
EBITDA
-€56,169▼
2020 · €65,564
Cash flow
-€56,861▼
2020 · €65,324
Solvency
-31.3%▼
2020 · -5.1%
Current ratio
0.50▼
2020 · 0.69
ROA
-27.3%▼
2020 · 17.9%
Interest coverage
-55.80
Debt ≤ 1 year
€415,809▲
2020 · €261,960
Staff costs
€51,454
No debt to equity: equity is negative, so debt divided by equity means nothing.
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 |
|---|---|---|---|---|---|
| Turnover70 | - | - | - | €700,851 | - |
| Non-recurring operating income76A | - | - | - | €8,517 | - |
| Goods, raw materials, services and sundry goods60/61 | - | - | - | €554,538 | - |
| Remuneration, social security and pensions62 | - | - | - | €51,454 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €8,956 | €16,478 | €20,700 | €29,565 | ▲ 42.8% |
| Other operating charges640/8 | - | - | - | €9,204 | - |
| Non-recurring operating charges66A | - | - | - | €141,825 | - |
| Gross operating margin9900 | €62,600 | -€8,908 | €137,945 | €146,313 | ▲ 6.1% |
| Operating profit (loss)9901 | €3,514 | -€72,004 | €44,864 | -€85,734 | ▼ 291% |
| Financial income75/76B | - | - | - | €315 | - |
| Recurring financial income75 | €14 | €0 | €814 | €315 | ▼ 61.3% |
| Financial charges65/66B | - | - | - | €1,007 | - |
| Recurring financial charges65 | €408 | €724 | €909 | €1,007 | ▲ 10.8% |
| Profit (loss) for the period before taxes9903 | €3,120 | -€72,728 | €44,769 | -€86,426 | ▼ 293% |
| Income taxes67/77 | €1,475 | €165 | €145 | - | - |
| Profit (loss) for the period9904 | €1,645 | -€72,893 | €44,624 | -€86,426 | ▼ 294% |
| Profit (loss) for the period to be appropriated9905 | €1,645 | -€72,893 | €40,624 | -€86,426 | ▼ 313% |
| Line | 2018 | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €107,045 | €106,330 | €249,278 | €316,701 | ▲ 27.0% |
| Fixed assets21/28 | €27,768 | €41,942 | €67,610 | €108,979 | ▲ 61.2% |
| Tangible fixed assets22/27 | €26,060 | €40,234 | €61,102 | €94,971 | ▲ 55.4% |
| Plant, machinery and equipment23 | - | - | - | €4,927 | - |
| Furniture and vehicles24 | - | - | - | €69,676 | - |
| Other tangible fixed assets26 | - | - | - | €20,368 | - |
| Financial fixed assets28 | €1,708 | €1,708 | €6,508 | €14,008 | ▲ 115% |
| Current assets29/58 | €79,277 | €64,388 | €181,668 | €207,722 | ▲ 14.3% |
| Stocks and contracts in progress3 | - | €35,242 | €105,842 | - | - |
| Amounts receivable within one year40/41 | €62,866 | €21,359 | €39,137 | €169,123 | ▲ 332% |
| Trade receivables40 | - | - | - | €141,837 | - |
| Other amounts receivable41 | - | - | - | €27,286 | - |
| Cash at bank and in hand54/58 | €16,043 | €6,775 | €34,119 | €31,934 | ▼ 6.4% |
| Deferred charges and accrued income490/1 | - | - | - | €6,664 | - |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €107,045 | €106,330 | €249,278 | €316,701 | ▲ 27.0% |
| Equity10/15 | €15,586 | -€57,306 | -€12,683 | -€99,108 | ▼ 681% |
| Contributions10/11 | €18,550 | €18,550 | €18,550 | €18,550 | = |
| Capital10 | - | - | - | €18,550 | - |
| Issued capital100 | - | - | - | €18,550 | - |
| Reserves13 | €114 | €114 | €4,114 | €4,114 | = |
| Non-distributable reserves130/1 | - | - | - | €114 | - |
| Legal reserve130 | - | - | - | €114 | - |
| Tax-exempt reserves132 | - | - | - | €4,000 | - |
| Profit (loss) carried forward14 | -€3,077 | -€75,970 | -€35,346 | -€121,772 | ▼ 245% |
| Amounts payable17/49 | €91,459 | €163,636 | €261,960 | €415,809 | ▲ 58.7% |
| Amounts payable within one year42/48 | €91,459 | €163,636 | €261,960 | €415,809 | ▲ 58.7% |
| Trade debts44 | €22,790 | €104,939 | €207,150 | €248,585 | ▲ 20.0% |
| Suppliers440/4 | - | - | - | €248,585 | - |
| Taxes, remuneration and social security45 | - | - | - | €11,903 | - |
| Taxes450/3 | - | - | - | €2,103 | - |
| Remuneration and social security454/9 | - | - | - | €9,800 | - |
| Other amounts payable47/48 | - | - | - | €155,321 | - |
| Line | 2018 | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €1,645 | -€72,893 | €44,624 | -€86,426 | ▼ 294% |
| + Depreciation and write-downs630 | €8,956 | €16,478 | €20,700 | €29,565 | ▲ 42.8% |
| Operating cash flow (approximation) | €10,601 | -€56,414 | €65,324 | -€56,861 | ▼ 187% |
| Investment in fixed assets (approximation) | - | -€30,652 | -€46,369 | -€70,934 | ▼ 53.0% |
| Change in cash | - | -€9,269 | €27,345 | -€2,185 | ▼ 108% |
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
2025
22-08
KBO administration
Address struck
2024
27-12
Bankruptcy
Opening
Tribunal de l’entreprise francophone de Bruxelles · event 16-12-2024
2023
16-04
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 259 days late
2022
11-02
Bankruptcy
Bankruptcy reversal
Tribunal de l’entreprise francophone de Bruxelles · event 07-02-2022
02-02
Bankruptcy
Opening
Tribunal de l’entreprise francophone de Bruxelles · event 24-01-2022
2021
31-12
Financial
Weakest financial yearnet -€86,426
Net result drops to -€86,426, the lowest in the series.
23-10
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 84 days late
08-02
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 192 days late
2020
31-12
Financial
Back to profitnet €44,624
Net result €44,624 after one loss-making year.
2019
18-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 18 days late
2018
17-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 17 days late
2017
28-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 28 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 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 4 Gazette acts processed. See the function holders in the CBE →
Location & real-estate footprint
Registered office, Elsene · 3 establishment units since 2015
Ground area
3,935 m²
Building footprint
2,186 m²
Volume, LiDAR
26,197 m³
4 parcels, Brussels, Wallonia · tallest building 29.8 m, ±8 floors. Linked by address, not a title deed.
276
companies at this address
See who is registered here
3 establishment units
AVI GROUP
since 2015unit no. 2.244.154.683
Avi Group
since 2020unit no. 2.313.808.306
Avi Group
since 2020unit no. 2.311.788.627
4 parcels
Wallonia
2
(50%)
Brussels
2
(50%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 52049C0894/00L002 | Wallonia | 2,413 m² | 1 · 1,229 m² | 8.4 m · 2 fl. |
| 21819D0202/00B003 | Brussels | 833 m² | 1 · 487 m² | 22.8 m · 5 fl. |
| 21807G0120/00H005 | Brussels | 480 m² | 1 · 417 m² | 29.8 m · 8 fl. |
| 52028B0375/00L010indicative | Wallonia | 209 m² | 1 · 51 m² | 12.3 m · 4 fl. |
Linked by address, not proof of ownership
Good to know
3 of 4 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Insolvency mandates
2 mandates| Role | Name | Tenure |
|---|---|---|
| Curator | Bernard VANHAM Rue de Charleroi 2, 1400 Nivelles |
16-12-2024 → present |
| Curator | ALAIN GOLDSCHMIDT Chaussee De La Hulpe 150, 1170 03 Watermael-Boitsfort |
24-01-2022 → 07-02-2022 |
Company details
Identification
Legal formPrivate limited company (pre-2019)
Founded22-05-2015
Fiscal year end31-12
Contact
E-mail
youness@avicenne.biz
Phone
0471501501
E-mail
info@avicenne.bizCharleroi
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 1 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.