AVIEX
ActiveSummary
AVIEX has been active since 1991 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €77,844 and a net result of €38,464. Equity is shrinking by ~4.5% per year across the filed fiscal years. Its solvency ranks better than 21% of 5048 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability81▼-19
Solvency44▼-25
Growth58▼-20
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €5,000 at 30 days acceptable
Liquidity short (current ratio 0.59 against 1.07 in 2024; short-term debt: 79.9% and cash: 37.7% of total assets), and 80.7% 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 46
Relative position
BE, all sectors
reference
Wholesale trade (NACE 46)
about 21% more bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
19.3%
Return on assets
9.5%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 21% of 5048 sector peers (2025).
NBB · sector comparisonPosition among 5048 sector peers
Solvency
better than 21%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 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
31 d late
2024
29 d late
2023
30 d late
2022
7 d early
2021
31 d early
2020
3 d early
2019
9 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 6 days after the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 39% 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 29 August (4 of the last 5 filed years within 36 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, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€38,464▼ 81.0%
2024 · €202,499
Working capital
-€131,355
2024 · €20,007
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 46, Wholesale 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-€44,756-€135▲ 99.7%€63,614€286,044▲ 350%€55,712▼ 80.5%
Net result-€49,559below the sector's middle half-€4,179below the sector's middle half▲ 91.6%€50,074within the sector's middle half€202,499above the sector's middle half▲ 304%€38,464within the sector's middle half▼ 81.0%
Equity€120,985below the sector's middle half▼ 29.1%€116,806below the sector's middle half▼ 3.5%€116,881below the sector's middle half▲ 0.1%€219,380above the sector's middle half▲ 87.7%€77,844below the sector's middle half▼ 64.5%
Total assets€460,052below the sector's middle half▲ 0.2%€310,311below the sector's middle half▼ 32.5%€314,539below the sector's middle half▲ 1.4%€498,058above the sector's middle half▲ 58.3%€404,012below the sector's middle half▼ 18.9%
Debt€339,067▲ 17.6%€193,505▼ 42.9%€197,658▲ 2.1%€278,677▲ 41.0%€326,168▲ 17.0%
Working capital-€78,686below the sector's middle half▼ 2,736%-€87,655below the sector's middle half▼ 11.4%-€92,897below the sector's middle half▼ 6.0%€20,007within the sector's middle half-€131,355below the sector's middle half
Solvency26.3%within the sector's middle half▼ 10.9pp37.6%within the sector's middle half▲ 11.3pp37.2%within the sector's middle half▼ 0.5pp44.0%within the sector's middle half▲ 6.9pp19.3%below the sector's middle half▼ 24.8pp
Current ratio0.67below the sector's middle half▼ 0.310.39below the sector's middle half▼ 0.290.50below the sector's middle half▲ 0.111.07within the sector's middle half▲ 0.580.59below the sector's middle half▼ 0.48
Return on assets (ROA)-10.8%below the sector's middle half▼ 16.0pp-1.3%below the sector's middle half▲ 9.4pp15.9%above the sector's middle half▲ 17.3pp40.7%above the sector's middle half▲ 24.7pp9.5%above the sector's middle half▼ 31.1pp
Staff (FTE)2below the sector's middle half2.3below the sector's middle half▲ 15.0%2.3below the sector's middle half=2.2▼ 4.3%2.6below the sector's middle half▲ 18.2%
above
within
below
the middle half (P25 to P75) of NACE 46, Wholesale trade, each year against the same schema; no band under 30 filings.
Why a figure moved sharply
- 2025 Net result -81% on 2024. The accounts now follow the full schema, last year the micro schema.
- 2024 Net result +304% on 2023. The accounts now follow the micro schema, last year the full schema.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 81% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €404,012
Fixed assets
€212,619 ▲ 4.8%
Current assets
€191,394 ▼ 35.2%
Equity and liabilities €404,012
Equity
€77,844 ▼ 64.5%
Debt
€326,168 ▲ 17.0%
Debt's share of the balance-sheet total rises from 56.0% to 80.7%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€71,607▼
2024 · €296,293
Cash flow
€54,359▼
2024 · €212,749
Debt to equity
4.19▲
2024 · 1.27
ROE
49.4%▼
2024 · 92.3%
Interest coverage
44.64▼
2024 · 224.31
Debt ≤ 1 year
€322,748▲
2024 · €275,257
Debt > 1 year
€3,420=
2024 · €3,420
Income taxes
€15,644▼
2024 · €82,223
Staff costs
€253,499▲
2024 · €211,401
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 3,818 companies that looked in July 2024 the way this one looks now, 1.0% went bankrupt within 24 months and 95% are still going.
- Micro
- 20 years or older
- solvency 10 to 30%
- a profit of 5% of the balance sheet or more
1.0%
went bankrupt
3.7%
stopped otherwise
95%
still going
A further 0.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.6% 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 3,818 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 |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €191,458 | €195,575 | €146,706 | €211,401 | €253,499 | ▲ 19.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €41,796 | €39,963 | €19,906 | €10,250 | €15,895 | ▲ 55.1% |
| Other operating charges640/8 | €17,114 | €11,869 | €11,860 | €9,656 | €7,163 | ▼ 25.8% |
| Non-recurring operating charges66A | €11,666 | €2,387 | €12,000 | €3,489 | €0 | ▼ 100% |
| Gross operating margin9900 | €217,278 | €249,659 | €254,086 | €520,839 | €332,269 | ▼ 36.2% |
| Operating profit (loss)9901 | -€44,756 | -€135 | €63,614 | €286,044 | €55,712 | ▼ 80.5% |
| Financial income75/76B | - | - | - | - | €0 | - |
| Recurring financial income75 | - | - | - | - | €0 | - |
| Financial charges65/66B | €4,188 | €3,491 | €1,913 | €1,321 | €1,604 | ▲ 21.4% |
| Recurring financial charges65 | €4,188 | €3,491 | €1,913 | €1,321 | €1,604 | ▲ 21.4% |
| Profit (loss) for the period before taxes9903 | -€48,944 | -€3,626 | €61,701 | €284,723 | €54,108 | ▼ 81.0% |
| Income taxes67/77 | €615 | €553 | €11,627 | €82,223 | €15,644 | ▼ 81.0% |
| Profit (loss) for the period9904 | -€49,559 | -€4,179 | €50,074 | €202,499 | €38,464 | ▼ 81.0% |
| Profit (loss) for the period to be appropriated9905 | -€49,559 | -€4,179 | €50,074 | €202,499 | €38,464 | ▼ 81.0% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €460,052 | €310,311 | €314,539 | €498,058 | €404,012 | ▼ 18.9% |
| Fixed assets21/28 | €297,336 | €254,610 | €222,704 | €202,793 | €212,619 | ▲ 4.8% |
| Intangible fixed assets21 | €3,667 | - | - | - | - | - |
| Tangible fixed assets22/27 | €148,255 | €109,196 | €89,290 | €69,380 | €79,205 | ▲ 14.2% |
| Land and buildings22 | €90,436 | €72,150 | €65,554 | €57,150 | €68,036 | ▲ 19.0% |
| Plant, machinery and equipment23 | €758 | - | - | - | - | - |
| Furniture and vehicles24 | €9,589 | €1,442 | - | €12,230 | €11,169 | ▼ 8.7% |
| Leasing and similar rights25 | €47,472 | €35,604 | €23,736 | €0 | - | - |
| Financial fixed assets28 | €145,414 | €145,414 | €133,414 | €133,414 | €133,414 | = |
| Current assets29/58 | €162,716 | €55,701 | €91,835 | €295,264 | €191,394 | ▼ 35.2% |
| Stocks and contracts in progress3 | €25,929 | - | - | - | - | - |
| Stocks30/36 | €25,929 | - | - | - | - | - |
| Amounts receivable within one year40/41 | €106,227 | €17,468 | €6,847 | €20,966 | €36,355 | ▲ 73.4% |
| Trade receivables40 | €81,227 | €10,020 | €6,847 | €17,351 | €36,355 | ▲ 110% |
| Other amounts receivable41 | €25,000 | €7,448 | - | €3,615 | €0 | ▼ 100% |
| Cash at bank and in hand54/58 | €22,934 | €38,233 | €84,988 | €273,006 | €152,388 | ▼ 44.2% |
| Deferred charges and accrued income490/1 | €7,626 | - | - | €1,292 | €2,651 | ▲ 105% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €460,052 | €310,311 | €314,539 | €498,058 | €404,012 | ▼ 18.9% |
| Equity10/15 | €120,985 | €116,806 | €116,881 | €219,380 | €77,844 | ▼ 64.5% |
| 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 | €34,871 | €34,871 | €34,872 | €37,072 | €6,200 | ▼ 83.3% |
| Non-distributable reserves130/1 | €4,000 | €4,000 | €4,000 | €6,200 | €6,200 | = |
| Legal reserve130 | - | - | €4,000 | €6,200 | €6,200 | = |
| Reserves not available under the articles1311 | €4,000 | €4,000 | - | - | - | - |
| Tax-exempt reserves132 | €7,075 | €7,075 | - | - | - | - |
| Distributable reserves133 | €23,796 | €23,796 | €30,872 | €30,872 | €0 | ▼ 100% |
| Profit (loss) carried forward14 | €24,114 | €19,935 | €20,009 | €120,309 | €9,644 | ▼ 92.0% |
| Amounts payable17/49 | €339,067 | €193,505 | €197,658 | €278,677 | €326,168 | ▲ 17.0% |
| Amounts payable after more than one year17 | €97,665 | €50,149 | €12,925 | €3,420 | €3,420 | = |
| Financial debts170/4 | €97,665 | €50,149 | €12,925 | €3,420 | €0 | ▼ 100% |
| Other amounts payable178/9 | - | - | - | - | €3,420 | - |
| Amounts payable within one year42/48 | €241,402 | €143,356 | €184,732 | €275,257 | €322,748 | ▲ 17.3% |
| Current portion of amounts payable after more than one year42 | €45,252 | €46,744 | €35,264 | €1,329 | €0 | ▼ 100% |
| Trade debts44 | €54,339 | €20,458 | €20,148 | €35,129 | €2,549 | ▼ 92.7% |
| Suppliers440/4 | €54,339 | €20,458 | €20,148 | €35,129 | €2,549 | ▼ 92.7% |
| Taxes, remuneration and social security45 | €78,230 | €76,154 | €79,321 | €138,800 | €140,074 | ▲ 0.9% |
| Taxes450/3 | €52,277 | €58,818 | €51,176 | €112,283 | €108,959 | ▼ 3.0% |
| Remuneration and social security454/9 | €25,953 | €17,336 | €28,144 | €26,517 | €31,115 | ▲ 17.3% |
| Other amounts payable47/48 | €63,581 | - | €50,000 | €100,000 | €180,125 | ▲ 80.1% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€49,559 | -€4,179 | €50,074 | €202,499 | €38,464 | ▼ 81.0% |
| + Depreciation and write-downs630 | €41,796 | €39,963 | €19,906 | €10,250 | €15,895 | ▲ 55.1% |
| Operating cash flow (approximation) | -€7,763 | €35,784 | €69,980 | €212,749 | €54,359 | ▼ 74.4% |
| Investment in fixed assets (approximation) | - | €2,763 | €12,001 | €9,661 | -€25,721 | ▼ 366% |
| Change in cash | - | €15,299 | €46,755 | €188,018 | -€120,618 | ▼ 164% |
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
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · full schema · 31 days late
2025
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 29 days late
2024
31-12
Financial
Highest result since 2018net €202,499 ▲304%
Operating result €286,044, net result €202,499, both a record.
31-12
Financial
Liquidity doublescurrent ratio 1.07
Current ratio from 0.50 to 1.07.
31-12
Financial
Equity above €200,000Eq €219,380 ▲87.7%
2 profitable years in a row build equity to €219,380.
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 30 days late
2023
31-12
Financial
Back to profitnet €50,074
Net result €50,074 after 2 loss-making years.
24-07
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
30-06
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
31-12
Financial
Weakest financial yearnet -€49,559
Net result drops to -€49,559, the lowest in the series; recovery starts the following year.
28-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Equity above €150,000Eq €170,544 ▲16.2%
3 profitable years in a row build equity to €170,544.
Show earlier events
22-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
23-07
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
24-07
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
20-07
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial 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
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, Ukkel · 1 establishment unit since 1991
Ground area
1,214 m²
Building footprint
304 m²
Volume, LiDAR
6,229 m³
2 parcels, Brussels · tallest building 28.2 m, ±8 floors. Linked by address, not a title deed.
22
companies at this address
See who is registered here
1 establishment unit
Broekstraat 347, 1082 Sint-Agatha-Berchem
since 19912.053.474.360
2 parcels
Brussels
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21612C0003/00T018 | Brussels | 965 m² | 1 · 227 m² | 28.2 m · 8 fl. |
| 21003A0195/00R002 | Brussels | 249 m² | 1 · 77 m² | 10.8 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Structure & network
Owners and holdings
1 owner · 2 holdingsChain of control
- IDENTIC HOLDING
- AVIEX
Highest known parent: IDENTIC HOLDING. The sources do not say who stands above it.
Owners 1
- IDENTIC HOLDINGparent100%
Holdings 2
-
100%
- Sourceown accounts 2025Equity €74,223Result €1,252100%
According to the 2025 annual accounts of AVIEX and those 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 6,144 companies in sector 46190 we hold annual accounts for 2,576. 1,960 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
Founded14-05-1991
Fiscal year end31-12
Activities, NACEBEL 2025
46190Agents in non-specialised wholesale trade
64210Activities of holding companies
E-invoicing
Reachable via Peppol
Peppol ID
0208:0444219121
Registered
31-01-2025
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.