AVILEC
ActiveSummary
The computed 12-month bankruptcy probability of AVILEC is 2.2% (moderate). The 2024 annual accounts show equity of €128,609 and a net result of €22,064. Equity is growing by ~18% per year across the filed fiscal years. Its solvency ranks better than 65% of 36380 sector peers (fiscal year 2024). The company has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
Axes · tick = 2023
Profitability72▼-28
Solvency85▼-12
Growth52=
Track record100
Bankruptcy probability, 12 months
2.2%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €8,000 at 30 days acceptable
Liquidity ample (current ratio 1.63 against 2.03 in 2023; short-term debt: 39.8% and cash: 33.1% of total assets), and 39.8% of the assets are financed with debt.
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Signals
Three signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
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 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← fewer bankruptcies
more bankruptcies →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 13-06-2025, 48 days ahead of the deadline.
NBB · 5 filingsDeviation from the deadline
2025
not confirmed
2024
48 d early
2023
33 d early
2022
32 d early
2021
170 d early
2020
40 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 5 accounts on average 65 days before the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% of the sector filed late.
Checked, nothing found (1)
History
Go further with this company
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Financials · fiscal year 2024, micro schema
Equity
€128,609▼ 1.3%
2023 · €130,307
Total assets
€213,684▲ 17.8%
2023 · €181,441
Net result
€22,064▼ 56.1%
2023 · €50,257
Working capital
€53,349▲ 1.3%
2023 · €52,667
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 43, Specialised construction 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
Line20202021202220232024
Operating result€83,384-€925▼ 98.9%€10,960▲ 1,085%€66,196▲ 504%€38,112▼ 42.4%
Net result€67,673above the sector's middle half-€414below the sector's middle half▼ 99.4%€8,962within the sector's middle half▲ 2,066%€50,257above the sector's middle half▲ 461%€22,064within the sector's middle half▼ 56.1%
Equity€73,073within the sector's middle half-€72,687within the sector's middle half▼ 0.5%€80,849within the sector's middle half▲ 11.2%€130,307within the sector's middle half▲ 61.2%€128,609within the sector's middle half▼ 1.3%
Total assets€121,993within the sector's middle half-€143,086within the sector's middle half▲ 17.3%€159,503within the sector's middle half▲ 11.5%€181,441within the sector's middle half▲ 13.8%€213,684within the sector's middle half▲ 17.8%
Debt€48,919-€70,399▲ 43.9%€78,654▲ 11.7%€51,135▼ 35.0%€85,075▲ 66.4%
Working capital€14,390-€25,431▲ 76.7%€46,255▲ 81.9%€52,667▲ 13.9%€53,349▲ 1.3%
Solvency59.9%within the sector's middle half-50.8%within the sector's middle half▼ 9.1pp50.7%within the sector's middle half▼ 0.1pp71.8%above the sector's middle half▲ 21.1pp60.2%within the sector's middle half▼ 11.6pp
Staff (FTE)0.3below the sector's middle half-1▲ 233%1=1=0.2▼ 80.0%
above
within
below
the middle half (P25 to P75) of NACE 43, Specialised construction 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
The operating result falls in 2024; 2024 is 42% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €213,684
Fixed assets
€75,394 ▼ 3.0%
Current assets
€138,290 ▲ 33.3%
Equity and liabilities €213,684
Equity
€128,609 ▼ 1.3%
Debt
€85,075 ▲ 66.4%
Debt's share of the balance-sheet total rises from 28.2% to 39.8%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€52,230▼
2023 · €85,291
Cash flow
€36,182▼
2023 · €69,352
Current ratio
1.63▼
2023 · 2.03
Debt to equity
0.66▲
2023 · 0.39
ROE
17.2%▼
2023 · 38.6%
ROA
10.3%▼
2023 · 27.7%
Interest coverage
4.79▼
2023 · 313.20
Debt ≤ 1 year
€84,941▲
2023 · €51,071
Income taxes
€5,163▼
2023 · €15,667
Staff costs
€18,569▼
2023 · €33,743
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 26,964 companies that looked in July 2024 the way this one looks now, 1.5% went bankrupt within 24 months and 95% are still going.
- Micro
- 5 to 10 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
1.5%
went bankrupt
3.4%
stopped otherwise
95%
still going
A further 0.3% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a higher bankruptcy probability: 2.2% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
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 26,964 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 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | €4,496 | - | - | - |
| Remuneration, social security and pensions62 | - | - | €31,415 | €33,743 | €18,569 | ▼ 45.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €12,644 | €18,472 | €17,324 | €19,095 | €14,118 | ▼ 26.1% |
| Other operating charges640/8 | - | - | €1,803 | €1,522 | €1,218 | ▼ 19.9% |
| Non-recurring operating charges66A | - | - | - | - | €164 | - |
| Gross operating margin9900 | €112,365 | €53,912 | €61,501 | €120,556 | €72,181 | ▼ 40.1% |
| Operating profit (loss)9901 | €83,384 | €925 | €10,960 | €66,196 | €38,112 | ▼ 42.4% |
| Financial income75/76B | - | - | €723 | - | €23 | - |
| Recurring financial income75 | €206 | €30 | €723 | - | €23 | - |
| Financial charges65/66B | - | - | €219 | €272 | €10,908 | ▲ 3,905% |
| Recurring financial charges65 | €1,062 | €315 | €219 | €272 | €10,908 | ▲ 3,905% |
| Profit (loss) for the period before taxes9903 | €82,527 | €639 | €11,464 | €65,924 | €27,227 | ▼ 58.7% |
| Income taxes67/77 | €14,853 | €225 | €2,502 | €15,667 | €5,163 | ▼ 67.0% |
| Profit (loss) for the period9904 | €67,673 | €414 | €8,962 | €50,257 | €22,064 | ▼ 56.1% |
| Profit (loss) for the period to be appropriated9905 | €67,673 | €414 | €8,962 | €50,257 | €22,064 | ▼ 56.1% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €121,993 | €143,086 | €159,503 | €181,441 | €213,684 | ▲ 17.8% |
| Fixed assets21/28 | €67,917 | €53,364 | €37,268 | €77,704 | €75,394 | ▼ 3.0% |
| Tangible fixed assets22/27 | €67,917 | €53,364 | €37,268 | €77,704 | €75,394 | ▼ 3.0% |
| Plant, machinery and equipment23 | - | - | €1,540 | €8,344 | €5,887 | ▼ 29.4% |
| Furniture and vehicles24 | - | - | €35,728 | €69,360 | €69,507 | ▲ 0.2% |
| Current assets29/58 | €54,075 | €89,721 | €122,235 | €103,738 | €138,290 | ▲ 33.3% |
| Amounts receivable within one year40/41 | €37,497 | €73,716 | €93,485 | €83,235 | €64,696 | ▼ 22.3% |
| Trade receivables40 | - | - | €69,458 | €57,716 | €36,853 | ▼ 36.1% |
| Other amounts receivable41 | - | - | €24,027 | €25,519 | €27,842 | ▲ 9.1% |
| Cash at bank and in hand54/58 | €13,416 | €13,404 | €26,278 | €15,792 | €70,752 | ▲ 348% |
| Deferred charges and accrued income490/1 | - | - | €2,472 | €4,710 | €2,842 | ▼ 39.7% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €121,993 | €143,086 | €159,503 | €181,441 | €213,684 | ▲ 17.8% |
| Equity10/15 | €73,073 | €72,687 | €80,849 | €130,307 | €128,609 | ▼ 1.3% |
| Contributions10/11 | - | - | €6,200 | €6,200 | €18,600 | ▲ 200% |
| Reserves13 | €66,000 | €66,000 | €74,000 | €123,457 | €110,009 | ▼ 10.9% |
| Distributable reserves133 | - | - | €74,000 | €123,457 | €110,009 | ▼ 10.9% |
| Profit (loss) carried forward14 | €873 | €487 | €649 | €649 | - | - |
| Amounts payable17/49 | €48,919 | €70,399 | €78,654 | €51,135 | €85,075 | ▲ 66.4% |
| Amounts payable after more than one year17 | €9,234 | €6,108 | €2,674 | - | - | - |
| Financial debts170/4 | - | - | €2,674 | - | - | - |
| Amounts payable within one year42/48 | €39,685 | €64,291 | €75,979 | €51,071 | €84,941 | ▲ 66.3% |
| Current portion of amounts payable after more than one year42 | - | - | €3,171 | €2,674 | - | - |
| Trade debts44 | €13,604 | €14,294 | €13,926 | €10,817 | €72,808 | ▲ 573% |
| Suppliers440/4 | - | - | €13,926 | €10,817 | €72,808 | ▲ 573% |
| Advances received on contracts in progress46 | - | - | €38,439 | - | - | - |
| Taxes, remuneration and social security45 | - | - | €7,169 | €21,584 | €3,000 | ▼ 86.1% |
| Taxes450/3 | - | - | €2,040 | €12,893 | €3,000 | ▼ 76.7% |
| Remuneration and social security454/9 | - | - | €5,130 | €8,691 | - | - |
| Other amounts payable47/48 | - | - | €13,275 | €15,995 | €9,133 | ▼ 42.9% |
| Accrued charges and deferred income492/3 | - | - | - | €64 | €134 | ▲ 111% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €67,673 | €414 | €8,962 | €50,257 | €22,064 | ▼ 56.1% |
| + Depreciation and write-downs630 | €12,644 | €18,472 | €17,324 | €19,095 | €14,118 | ▼ 26.1% |
| Operating cash flow (approximation) | €80,318 | €18,886 | €26,286 | €69,352 | €36,182 | ▼ 47.8% |
| Investment in fixed assets (approximation) | - | -€3,919 | -€1,227 | -€59,530 | -€11,808 | ▲ 80.2% |
| Change in cash | - | -€12 | €12,873 | -€10,485 | €54,960 | ▲ 624% |
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
2026
27-08
State Gazette act
Registered officeRegistered-office move2 facts ▸
State Gazette act
Registered office
Registered-office move2 facts ▸
- General meeting, 28-05-2026
- Registered-office move, Brusselsesteenweg 199 - 1980 Eppegem (Zemst)
2025
13-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
28-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Equity above €100,000Eq €130,307 ▲61.2%
4 profitable years in a row build equity to €130,307.
29-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
11-02
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Weakest financial yearnet €414 ▼99.4%
Net result drops to €414, the lowest in the series; recovery starts the following year.
21-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 4 acts read
About the unread acts
Of the 4 Belgian State Gazette acts we know for this company, 1 has been read. The other 3 have not 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 1. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Zemst · 1 establishment unit since 2019
Ground area
731 m²
Building footprint
169 m²
Volume, LiDAR
1,034 m³
2 parcels, Flanders · tallest building 10.5 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
AVILEC
since 20192.287.755.886
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23020C0075/00H003 | Flanders | 431 m² | 1 · 89 m² | 10.5 m · 2 fl. |
| 23643G0262/00D002 | Flanders | 300 m² | 1 · 80 m² | 8.7 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.
Recognitions · licences · registrations
Legal Entity Identifier
254900QGA9DFLHRBJM31
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Of 22,831 companies in sector 43211 we hold annual accounts for 10,335. 8,717 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
Founded05-04-2019
Fiscal year end31-12
Activities, NACEBEL 2025
43211General electrical installation work
43222Installation of electric heating, air conditioning, cooling and ventilation
43240Other construction installation
Contact
E-mail
info@avilec.beVilvoorde
E-invoicing
Reachable via Peppol
Peppol ID
0208:0724616229
Also
9925:BE0724616229
Registered
30-01-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.