AVIKA
ActiveSummary
AVIKA has been active since 1987 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €278,891 and a net result of €163,768. Equity is growing by ~11.6% per year across the filed fiscal years. Its solvency ranks better than 72% of 14220 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability100=
Solvency85▲+1
Growth78=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €23,000 at 30 days acceptable
Liquidity ample (current ratio 1.85 against 1.22 in 2024; short-term debt: 33.8% and cash: 10.4% of total assets), and 39.6% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Real estate activities (NACE 68)
about 43% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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
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
60.4%
Return on assets
35.5%
Age of the figures
9 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 09-07-2026, 22 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
22 d early
2024
on the day
2023
37 d early
2022
28 d early
2021
33 d early
2020
38 d early
2019
38 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 before the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 36% 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.
Companies Code · seven monthsPosition in the running window
27-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€278,891▲ 29.2%
2024 · €215,873
Total assets
€461,932▲ 26.1%
2024 · €366,452
Net result
€163,768▲ 17.6%
2024 · €139,297
Working capital
€132,972▲ 382%
2024 · €27,595
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 68, Real estate activities, 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€32,868▼ 63.2%€21,048▼ 36.0%€23,567▲ 12.0%€166,098▲ 605%€211,690▲ 27.4%
Net result€24,902within the sector's middle half▼ 62.6%€15,751within the sector's middle half▼ 36.8%€15,774within the sector's middle half▲ 0.1%€139,297above the sector's middle half▲ 783%€163,768above the sector's middle half▲ 17.6%
Equity€126,552within the sector's middle half▲ 12.1%€131,053within the sector's middle half▲ 3.6%€135,576within the sector's middle half▲ 3.5%€215,873within the sector's middle half▲ 59.2%€278,891within the sector's middle half▲ 29.2%
Total assets€260,596within the sector's middle half▲ 27.2%€221,818within the sector's middle half▼ 14.9%€223,444within the sector's middle half▲ 0.7%€366,452within the sector's middle half▲ 64.0%€461,932within the sector's middle half▲ 26.1%
Debt€134,044▲ 45.8%€90,766▼ 32.3%€87,868▼ 3.2%€150,579▲ 71.4%€183,041▲ 21.6%
Working capital€99,518▲ 57.0%€76,711▼ 22.9%€96,732▲ 26.1%€27,595▼ 71.5%€132,972▲ 382%
Solvency48.6%within the sector's middle half▼ 6.6pp59.1%within the sector's middle half▲ 10.5pp60.7%within the sector's middle half▲ 1.6pp58.9%within the sector's middle half▼ 1.8pp60.4%within the sector's middle half▲ 1.5pp
Staff (FTE)1.9▲ 5.6%1.8▼ 5.3%1.8=2.3▲ 27.8%3.2▲ 39.1%
above
within
below
the middle half (P25 to P75) of NACE 68, Real estate activities, 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
After the dip in 2022 the operating result has climbed three years in a row; 2025 is 27% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €461,932
Fixed assets
€173,011 ▼ 19.7%
Current assets
€288,922 ▲ 91.5%
Equity and liabilities €461,932
Equity
€278,891 ▲ 29.2%
Debt
€183,041 ▲ 21.6%
Debt's share of the balance-sheet total falls from 41.1% to 39.6%. Equity and debt are higher.
Key figures and ratios
EBITDA
€261,666▲
2024 · €208,147
Cash flow
€213,744▲
2024 · €181,347
Current ratio
1.85▲
2024 · 1.22
Debt to equity
0.66▼
2024 · 0.70
ROE
58.7%▼
2024 · 64.5%
ROA
35.5%▼
2024 · 38.0%
Interest coverage
286.21▲
2024 · 48.31
Debt ≤ 1 year
€155,950▲
2024 · €123,292
Debt > 1 year
€10,971▼
2024 · €24,252
Income taxes
€48,385▲
2024 · €34,959
Staff costs
€274,775▲
2024 · €184,628
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 31,324 companies that looked in July 2024 the way this one looks now, 0.4% went bankrupt within 24 months and 93% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.4%
went bankrupt
5.9%
stopped otherwise
93%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.2% 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 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
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 31,324 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 |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | €265 | - | €414 | - | - | - |
| Remuneration, social security and pensions62 | €136,652 | €136,146 | €152,080 | €184,628 | €274,775 | ▲ 48.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €22,191 | €22,714 | €23,698 | €42,050 | €49,976 | ▲ 18.9% |
| Other operating charges640/8 | €1,637 | €1,510 | €1,561 | €1,569 | €1,662 | ▲ 5.9% |
| Gross operating margin9900 | €193,348 | €181,418 | €200,906 | €394,344 | €538,103 | ▲ 36.5% |
| Operating profit (loss)9901 | €32,868 | €21,048 | €23,567 | €166,098 | €211,690 | ▲ 27.4% |
| Financial income75/76B | €0 | - | - | €12,467 | €1,378 | ▼ 88.9% |
| Recurring financial income75 | €0 | - | - | €1,467 | €1,378 | ▼ 6.1% |
| Non-recurring financial income76B | - | - | - | €11,000 | - | - |
| Financial charges65/66B | €215 | €758 | €586 | €4,308 | €914 | ▼ 78.8% |
| Recurring financial charges65 | €215 | €758 | €586 | €4,308 | €914 | ▼ 78.8% |
| Profit (loss) for the period before taxes9903 | €32,653 | €20,290 | €22,981 | €174,256 | €212,153 | ▲ 21.7% |
| Income taxes67/77 | €7,751 | €4,540 | €7,207 | €34,959 | €48,385 | ▲ 38.4% |
| Profit (loss) for the period9904 | €24,902 | €15,751 | €15,774 | €139,297 | €163,768 | ▲ 17.6% |
| Profit (loss) for the period to be appropriated9905 | €24,902 | €15,751 | €15,774 | €139,297 | €163,768 | ▲ 17.6% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €260,596 | €221,818 | €223,444 | €366,452 | €461,932 | ▲ 26.1% |
| Formation expenses20 | - | €0 | €0 | €0 | €0 | - |
| Fixed assets21/28 | €61,067 | €78,993 | €55,295 | €215,565 | €173,011 | ▼ 19.7% |
| Intangible fixed assets21 | €28,005 | €14,002 | €0 | €124,918 | €94,918 | ▼ 24.0% |
| Tangible fixed assets22/27 | €32,968 | €64,896 | €55,200 | €90,553 | €77,998 | ▼ 13.9% |
| Land and buildings22 | - | €12,335 | €10,998 | €18,998 | €16,657 | ▼ 12.3% |
| Plant, machinery and equipment23 | €31,377 | €51,667 | €44,005 | €37,354 | €30,703 | ▼ 17.8% |
| Furniture and vehicles24 | €1,591 | €895 | €198 | €34,201 | €30,639 | ▼ 10.4% |
| Financial fixed assets28 | €94 | €94 | €94 | €94 | €94 | = |
| Current assets29/58 | €199,528 | €142,826 | €168,149 | €150,887 | €288,922 | ▲ 91.5% |
| Amounts receivable within one year40/41 | €51,399 | €48,901 | €50,763 | €43,798 | €60,641 | ▲ 38.5% |
| Trade receivables40 | €49,149 | €45,918 | €45,470 | €43,317 | €60,435 | ▲ 39.5% |
| Other amounts receivable41 | €2,249 | €2,983 | €5,293 | €481 | €206 | ▼ 57.2% |
| Current investments50/53 | €75,010 | €60,000 | €60,000 | €90,000 | €171,097 | ▲ 90.1% |
| Cash at bank and in hand54/58 | €64,253 | €25,515 | €47,803 | €7,890 | €47,856 | ▲ 507% |
| Deferred charges and accrued income490/1 | €8,866 | €8,410 | €9,584 | €9,198 | €9,328 | ▲ 1.4% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €260,596 | €221,818 | €223,444 | €366,452 | €461,932 | ▲ 26.1% |
| Equity10/15 | €126,552 | €131,053 | €135,576 | €215,873 | €278,891 | ▲ 29.2% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €74,015 | €89,765 | €105,140 | €185,390 | €247,390 | ▲ 33.4% |
| Non-distributable reserves130/1 | €1,860 | €1,860 | - | - | - | - |
| Reserves not available under the articles1311 | €1,860 | €1,860 | - | - | - | - |
| Distributable reserves133 | €72,155 | €87,905 | €105,140 | €185,390 | €247,390 | ▲ 33.4% |
| Profit (loss) carried forward14 | €33,937 | €22,688 | €11,836 | €11,883 | €12,902 | ▲ 8.6% |
| Amounts payable17/49 | €134,044 | €90,766 | €87,868 | €150,579 | €183,041 | ▲ 21.6% |
| Amounts payable after more than one year17 | €32,297 | €24,448 | €16,451 | €24,252 | €10,971 | ▼ 54.8% |
| Financial debts170/4 | €32,297 | €24,448 | €16,451 | €24,252 | €10,971 | ▼ 54.8% |
| Amounts payable within one year42/48 | €100,011 | €66,115 | €71,417 | €123,292 | €155,950 | ▲ 26.5% |
| Current portion of amounts payable after more than one year42 | €11,098 | €7,849 | €7,997 | €12,949 | €13,281 | ▲ 2.6% |
| Trade debts44 | €21,372 | €23,037 | €23,084 | €29,566 | €2,383 | ▼ 91.9% |
| Suppliers440/4 | €21,372 | €23,037 | €23,084 | €29,566 | €2,383 | ▼ 91.9% |
| Taxes, remuneration and social security45 | €26,090 | €26,679 | €29,322 | €21,776 | €42,086 | ▲ 93.3% |
| Taxes450/3 | €2,700 | €2,700 | €2,700 | - | €10,522 | - |
| Remuneration and social security454/9 | €23,390 | €23,979 | €26,622 | €21,776 | €31,565 | ▲ 44.9% |
| Other amounts payable47/48 | €41,450 | €8,550 | €11,013 | €59,000 | €98,200 | ▲ 66.4% |
| Accrued charges and deferred income492/3 | €1,736 | €203 | - | €3,035 | €16,120 | ▲ 431% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €24,902 | €15,751 | €15,774 | €139,297 | €163,768 | ▲ 17.6% |
| + Depreciation and write-downs630 | €22,191 | €22,714 | €23,698 | €42,050 | €49,976 | ▲ 18.9% |
| Operating cash flow (approximation) | €47,093 | €38,464 | €39,472 | €181,347 | €213,744 | ▲ 17.9% |
| Investment in fixed assets (approximation) | - | -€40,639 | €0 | -€202,320 | -€7,421 | ▲ 96.3% |
| Change in cash | - | -€38,738 | €22,287 | -€39,912 | €39,966 | ▲ 200% |
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
09-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Highest result since 2018net €163,768 ▲17.6%
Operating result €211,690, net result €163,768, both a record.
31-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Equity above €200,000Eq €215,873 ▲59.2%
5 profitable years in a row build equity to €215,873.
24-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
03-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
28-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
23-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Back to profitnet €66,666
Net result €66,666 after one loss-making year.
31-12
Financial
Equity above €100,000Eq €112,900 ▲15.8%
Equity rises from €97,484 to €112,900.
23-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Weakest financial yearnet -€14,332
Net result drops to -€14,332, the lowest in the series; recovery starts the following year.
Show earlier events
03-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
13-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
20-06
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial 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
5 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, Aalst · 1 establishment unit since 1987
Ground area
365 m²
Building footprint
359 m²
Volume, LiDAR
3,078 m³
Parcel 41002B0201/00V002, Flanders · tallest building 13.3 m, ±3 floors. Linked by address, not a title deed.
4
companies at this address
See who is registered here
1 establishment unit
Capucienenlaan 41, 9300 Aalst
since 19872.032.957.672
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 41002B0201/00V002 | Flanders | 365 m² | 1 · 359 m² | 13.3 m · 3 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.
Structure & network
Owners and holdings
1 ownerOwners 1
-
20%
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.
Public money · subsidies and aid
Flemish government
2022 to 2025 · 4 entries · 977 EUR awarded · 977 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 101 EUR | 101 EUR |
| 2024 | 1 | 600 EUR | 600 EUR |
| 2023 | 1 | 165 EUR | 165 EUR |
| 2022 | 1 | 111 EUR | 111 EUR |
Similar companies · same sector, comparable size
IMMO FORUM
BE 0455.428.757
Brussel · Eq €278,890
STUDIO BRIX
BE 0874.634.152
Bonheiden · Eq €278,639
BONNY INVEST
BE 0671.502.789
Moorslede · Eq €278,425
ARTDELIS
BE 0870.857.882
Liège · Eq €278,248
WAB
BE 0838.762.760
Engis · Eq €279,778
Of 11,757 companies in sector 68310 we hold annual accounts for 6,907. 5,007 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded06-03-1987
Fiscal year end31-12
Activities, NACEBEL 2025
66191Agents and brokers in banking services
68310Real estate agency activities
E-invoicing
Reachable via Peppol
Peppol ID
0208:0430665449
Also
9925:BE0430665449
Registered
31-10-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.