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AVIMA

Active Private limited companyfounded 1991active for 35 yearsRue Vital Rousseau 8, 1472 GenappeKBO/BCE: BE 0444.851.797 #2 company by total assets in Genappe, Agriculture, forestry and fishing sector
AVIMA
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Overview

Lifetime

19 annual accounts with figures on one time axis, 33 filings since 1992
Gross marginpeak €1.9m (2024)
€1.2m▼ 37.7%
Resultlowest -€21,417 (2018)
€197,125▼ 79.0%
Equitypeak €2.6m (2025)
€2.6m▲ 8.1%
Debts
€5.4m▲ 1.4%
Staffpeak 1.6 FTE (2025)
1.6 FTE▲ 60.0%
Board6 names since 2019
3 directorsVAN HULLE Bart,August,Godelieve and 2 others
Documentsfilings and deeds
21-10-202510 days before the deadline
2025financial year
Gross margin from €1.9m to €1.2mResult from €936,485 to €197,125Staff from 1 FTE to 1.6 FTEMerger proposal: AVIMA takes over SOVIMA 17-11Investments €2.1mCash from €387,410 to €110,981

Key points

from the 2025 annual accounts

Equity

€2.6m ▲ 8.1%

AVIMA has made a profit without a break since 2019.

Result

€197,125 ▼ 79.0%
€936,0002024€197,0002025

The result fell in 2025 from €936,485 to €197,125.

Turnover

≈ €2.0m estimated

The accounts state no turnover.

Investments

€2.2m 4.4 × depreciation
2022202320242025

Green is investment, beige is depreciation. Land and buildings stand 46.1% higher than in 2024.

Filings

33 annual accounts 5 days past the deadline
deadline200020102020

2026 accounts not filed: deadline was 31-10-2026.

Restructuring

2
  • 12-11-2025 merger with SOVIMA
  • 29-12-2025 branch from SOVIMA

2 restructurings since 2025. Latest: branch taken over from SOVIMA.

Checked score

86
Excellent
Financially stronger than 53% of micro companies in crop and animal production (NACE 01)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.3% Very low
0%0.5%1.5%4%10%≥ 25%

The dashed line is the sector median: 0.1% across 5,695 companies (NACE 01, micro).

About 3 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Last 24 months 12-2024: < 0.1%lowest value 01-2025: < 0.1%● unchanged vs 12-2024lowest value 02-2025: < 0.1%● unchanged vs 01-2025lowest value 03-2025: < 0.1%● unchanged vs 02-2025lowest value 04-2025: < 0.1%● unchanged vs 03-2025lowest value 05-2025: < 0.1%● unchanged vs 04-2025lowest value 06-2025: < 0.1%● unchanged vs 05-2025 07-2025: < 0.1%● unchanged vs 06-2025 08-2025: < 0.1%● unchanged vs 07-2025 09-2025: < 0.1%● unchanged vs 08-2025 10-2025: 0.1%▲ +0.1 percentage points vs 09-2025 11-2025: 0.1%● unchanged vs 10-2025 12-2025: 0.1%● unchanged vs 11-2025 01-2026: 0.1%● unchanged vs 12-2025 02-2026: 0.1%● unchanged vs 01-2026 03-2026: 0.1%● unchanged vs 02-2026 04-2026: 0.1%● unchanged vs 03-2026 05-2026: 0.1%● unchanged vs 04-2026 06-2026: 0.1%● unchanged vs 05-2026 07-2026: 0.1%● unchanged vs 06-2026 08-2026: 0.1%● unchanged vs 07-2026 09-2026: 0.1%● unchanged vs 08-2026 10-2026: 0.2%▲ +0.1 percentage points vs 09-2026 11-2026: 0.3%▲ +0.1 percentage points vs 10-2026highest value

Financial strength
Strong

Solvency
57+1equity 32.3% of total assets
Liquidity
52-1short-term debt 6.9% · cash 1.4%
Profitability
72-12return on assets 2.5%

Score breakdown

raises risk
Figures for financial year 2025 (filed on 23-10-2025)
Liquidity: current ratio 2.69, cash €110,981, halved
lowers risk
Size: 1.6 FTE, total assets €7.9m
Founded in 1991
Calculation

The band follows from the bankruptcy probability. 10 more points roughly halve it.

75-100 Excellent under 0.55%
60-74 Healthy 0.55% to 1.5%
45-59 Fair 1.5% to 4.2%
25-44 Weak 4.2% to 15.0%
0-24 Critical over 15.0%

Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 01, micro). It does better than 47% of them on solvency, 56% on liquidity, 52% on profitability and 56% on growth.

The bankruptcy probability was computed on 04-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.

The probability rests on the annual accounts with balance sheet date 31-03-2025.

Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.

Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).

Comparable companies, two years later

In July 2024, 17,041 companies had the same profile as AVIMA has now. Each dot stands for 43 companies, two years later.

94.4%
were still trading
4.9%
stopped another way
0.5%
went bankrupt
  • Micro
  • 20 years or older
  • solvency 30% or more
  • a profit under 5% of the balance sheet

Another 0.2% stopped without a precise date, possibly only after those two years.

That fits the bankruptcy probability of AVIMA itself: 0.3% within 12 months.

Test of the method

The method was tested on the 497,446 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.

The companies in ten equal groups, from the lowest to the highest expected share
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% 0.9%
6 1.3% 1.5%
7 1.6% 1.8%
8 1.8% 1.8%
9 3.0% 3.1%
10 5.6% 6.2%

A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.

This is an observation about 17,041 companies, not a prediction for AVIMA. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.

Credit verdict

Credit of up to €220,000 on 30-day terms is acceptable

Liquidity is ample, with a current ratio of 2.69 (2.45 in 2024), above the usual 1.5. Short-term debt is 6.9% and cash 1.4% of total assets. However, 67.7% of the assets are financed with debt and provisions.

Credit check for an amount and term of your choice

Show the recommended maximum and see how the verdict changes with amount, term and advance.

The scores and ratios are Checked's own calculations, not a credit decision.

Signals

Five signals.
lowers riskraises riskneutral
raises risk · Figures for financial year 2025 (filed on 23-10-2025)
NBB · annual accounts
raises risk · Liquidity: current ratio 2.69, cash €110,981, halved
NBB · annual accounts
lowers risk · Size: 1.6 FTE, total assets €7.9m
Companies of this size fail less often. How much that weighs depends on the rest of the company's profile.
NBB · annual accounts
lowers risk · Founded in 1991
Companies that have existed this long fail less often. How much that weighs depends on the rest of the company's profile.
KBO
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2025 was due by 31-10-2025 and was filed on 21-10-2025, 10 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2026
not filed
2025
10 days early
2024
27 days early
2023
24 days late
2022
5 days early
2021
2 days early
2020
27 days late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

The company filed its last 6 accounts on average 1 day after the deadline. In the sector (NACE 01), the median for financial year 2024 was 3 days before the deadline, and 37% of those companies filed late.

Searched, nothing found (1)
neutral · No strike-offs in the KBO publications
That holds for every publication since 2021.
KBO publications

Recent changes

Appointment: MICHELETTI Philippe (director) General meeting of 21-05-2026 · Gazette deed
Transfer: SOVIMA transfers a universality to AVIMA Legal-form conversion: from public limited company to private limited company · Gazette deed
Registered in the Peppol Directory Reachable for e-invoices through 0208:0444851797
Merger proposal: AVIMA takes over SOVIMA Gazette deed
All 50 events

Comparable companies

same main activity, similar in size and age
Company Total assets Gross margin Solvency Staff
AVIMA Genappe €7.9m €1.2m 32.3% 1.6
Etablissements Luc Mauroy Eghezée €8.7m €0.8m 36.6% 2.1
ELKO FRUIT Sint-Truiden €5.4m €0.7m 41.6% 1
DE ZWANEBLOEM De Panne €9.8m €2.4m 32.9% 1
GAPAARDHOEVE Lo-Reninge €3.7m €0.9m 36.4% 1.4
eRBVee Kasterlee €3.9m €1.3m 50.4% 1
DCR Maarkedal €4.9m €0.9m 75.9% 2.3

These companies have the same main activity as AVIMA: mixed farming (NACE 01500). They are comparable in size and age: total assets between €3.7m and €9.8m, founded between 1982 and 2001.

Official details

Source: KBO
Status
Active since 09-08-1991Normal situation
Activity
Mixed farmingNACE 01500
Joint committees
144Agriculture
200Auxiliary committee for white-collar workers · annual accounts 31-03-2025
Establishment unit
2.054.043.9871472 Genappe, since 03-09-1991
Financial year end
31 March
Peppol
Reachable since 22-12-2025
Company details

Annual accounts to 31-03-2025

Gross margin
€1.2m▼ 37.7%
Profit
€197,125▼ 79.0%
Equity
€2.6m▲ 8.1%
Total assets
€7.9m▲ 3.4%
Employeeson 31-03-2025
2▲ 100%
Filing
Filed on 21-10-2025
Financials

Insights on AVIMA

AVIMA has existed since 1991. The gross margin grew from €135,588 in 2007 to €1.2m in 2025 and staff from 0.5 to 1.6 full-time equivalents.

Sources: KBO register, filings at the National Bank, Belgian Official Gazette.

Financials

Annual accounts 2025

full format, filed on 21-10-2025, 10 days before the deadline
Gross margin
€1.2m
▼ 37.7%
Operating result
€330,060
▼ 75.0%
EBITDA
€840,095
▼ 52.3%
Cash flow
€707,159
▼ 48.8%
Solvency
32.3%
▲ 1.4 percentage points
Current ratio
2.69
▲ 0.24

The turnover shown is an estimate from the gross margin.

Turnover ≈ €2.0m. Estimated: probably between €1.3m and €3.3m.

In the rankings #2 company by total assets in Genappe, Agriculture, forestry and fishing sector#3 company by equity in Genappe, Agriculture, forestry and fishing sector#5 oldest company in Genappe, Agriculture, forestry and fishing sector

Money flows

no detail for 2025

Balance sheet

balance sheet total €7.9m on 31-03-2025
What the company ownsHow it is paid for

Change in equityin €m

Change in cashin €m

Position in the sector

Compare with sector

Solvency32.3%

Higher than 37% of 563 companies in 2025.

Current ratio2.69

Higher than 72% of 548 companies in 2025.

Return on assets2.5%

Higher than 46% of 561 companies in 2025.

AVIMA Middle half of the sector 80% of the sector Full accounts in crop and animal production (NACE 01)

Net result: middle half · Equity: top quarter · Balance sheet total: top quarter · Working capital: middle half · Staff: middle half

Staff

Staff cost per FTE€40,902

Staff costs divided by the average number of full-time equivalents.

Joined and left+1

Filed annual accounts

as filed with the National Bank, click a year to choose it
Line Trend2025202420232022202120202019201820172016201520142013201220112010200920082007
Balance sheet: assets
Total assets20/58 7.9m7.7m6.4m5.3m4.4m4.9m4.7m4.5m3.9m2.9m3.0m2.9m3.1m2.7m2.5m2.4m1.9m1.8m1.2m
Fixed assets21/28 6.5m4.8m4.7m3.6m3.2m3.2m3.3m3.4m2.5m2.2m2.4m2.3m2.4m2.3m2.1m1.8m1.5m1.5m877,708
Intangible fixed assets21 -------2434877309731,2171,4601,7031,9472,1902,433--
Tangible fixed assets22/27 6.4m4.8m4.6m3.6m3.1m3.2m3.2m3.4m2.5m2.2m2.4m2.3m2.4m2.3m2.1m1.8m1.5m1.5m871,590
Land and buildings22 5.1m3.5m3.3m2.5m2.2m2.3m2.4m2.3m1.2m800,313829,741859,782890,738927,191960,382745,483771,026795,869628,376
Plant, machinery and equipment23 1.3m1.3m1.4m1.1m853,452841,059820,6081.1m1.3m1.4m1.6m1.4m1.5m1.4m1.1m1.1m662,234635,746218,389
Furniture and vehicles24 13,71920,77731,2768,73212,80714,1901,2602,7552,3593045354772574,1648,78213,68118,58023,48024,825
Financial fixed assets28 27,85811,76711,76711,76773,76773,76773,76711,76711,7675,7479,2029,0458,8878,7298,5728,4146,3146,3146,118
Current assets29/58 1.5m2.8m1.7m1.7m1.3m1.7m1.4m1.1m1.4m786,037611,239643,631724,862405,328386,182515,550431,634364,190339,662
Stocks and contracts in progress3 1.2m1.4m847,3811.2m656,946831,518691,165772,679627,179140,999153,26091,714142,252159,07049,70827,94134,2444,38019,067
Stocks30/36 1.2m1.4m847,3811.2m656,946831,518691,165772,679627,179140,999153,26091,714142,252159,07049,70827,94134,2444,38019,067
Amounts receivable within one year40/41 159,8461.1m361,534440,410348,162569,606668,326184,098251,676611,590413,749546,271561,177235,262291,575410,407390,931347,435220,519
Trade receivables40 64,1791.0m361,134343,415325,086513,705580,736165,036227,725601,185341,394497,290513,35793,490290,884404,932252,662201,290215,210
Other amounts receivable41 95,66633,69340096,99523,07655,90187,59019,06223,95110,40572,35548,98147,820141,7716905,475138,269146,1445,308
Cash at bank and in hand54/58 110,981387,410525,5308,790270,755250,26066,232156,706516,11428,81237,7259884,21666436,75561,9809356,586100,077
Deferred charges and accrued income490/1 ---6,000-1,4773,9595123484,6356,5054,65817,21710,3328,14515,2215,5245,790-
Balance sheet: equity and liabilities
Total equity and liabilities10/49 7.9m7.7m6.4m5.3m4.4m4.9m4.7m4.5m3.9m2.9m3.0m2.9m3.1m2.7m2.5m2.4m1.9m1.8m1.2m
Equity10/15 2.6m2.4m1.4m913,719726,124611,576548,809434,087481,605300,351223,900208,706188,569205,388135,980140,648126,65270,52770,041
Contributions10/11 95,45095,45095,45095,45095,45095,45095,45095,450-61,98461,98461,98461,98461,98461,98461,98461,98461,98461,984
Capital10 --------95,450----------
Issued capital100 -----95,45095,45095,45095,45061,98461,98461,98461,98461,98461,98461,98461,98461,98461,984
Reserves13 95,572111,94489,48999,29983,49575,24760,72267,32373,92447,17953,7807,5737,5737,5738,2378,9019,56610,23010,894
Non-distributable reserves130/1 9,5459,5459,5459,5459,545--------------
Legal reserve130 -----9,5459,5459,5459,5456,1986,1986,1986,1986,1986,1986,1986,1986,1986,198
Reserves not available under the articles1311 9,5459,5459,5459,5459,545--------------
Tax-exempt reserves132 56,02772,40049,94459,75443,95035,70221,17727,77834,37940,98047,5811,3741,3741,3742,0392,7033,3674,0314,696
Distributable reserves133 30,00030,00030,00030,00030,00030,00030,00030,00030,000----------
Profit (loss) carried forward14 2.3m2.1m1.2m654,441468,346347,353275,383186,906201,72264,07590669-5,112-8,076-8,828-16,330-7,254-6,076-7,774
Investment grants15 39,58044,78153,26364,52978,83493,527117,25584,408110,509127,113107,231139,080124,125143,90674,58786,09262,3564,3884,937
Provisions and deferred taxes16 18,52324,28617,10620,68116,91715,67211,75516,71321,67020,39424,0765658471,1301,7542,3793,0033,6284,252
Deferred taxes168 18,52324,28617,10620,68116,91715,67211,75516,71321,67020,39424,0765658471,1301,7542,3793,0033,6284,252
Amounts payable17/49 5.4m5.3m4.9m4.4m3.7m4.3m4.2m4.0m3.4m2.6m2.8m2.7m2.9m2.5m2.3m2.2m1.8m1.8m1.1m
Amounts payable after more than one year17 4.8m4.1m4.5m4.0m3.4m3.6m3.5m3.6m2.4m2.3m2.4m2.4m2.5m2.0m1.7m1.4m1.5m1.5m941,335
Financial debts170/4 2.7m2.1m2.4m2.4m1.6m1.6m1.6m1.6m380,154571,592797,316787,300987,617993,1341.0m778,943715,712626,563275,620
Trade debts175 611,428690,952770,476----------------
Other amounts payable178/9 1.5m1.3m1.3m1.6m1.8m1.9m2.0m2.0m2.1m1.8m1.6m1.6m1.5m991,564686,913627,503782,411890,428665,715
Amounts payable within one year42/48 551,4151.2m465,117387,204257,669659,191611,885452,262921,342291,021347,387292,921437,722535,909626,190810,628264,155234,447201,737
Current portion of amounts payable after more than one year42 448,971382,309382,740269,469229,236204,887204,093236,035191,438225,724239,017261,350305,017292,588597,754590,269183,643193,557160,059
Trade debts44 75,106430,4881,214101,69022,046450,395403,901214,207729,56964,962100,73824,482127,109242,47326,711219,36465739,85636,702
Suppliers440/4 75,106430,4881,214101,69022,046450,395403,901214,207729,56964,962100,73824,482127,109242,47326,711219,36465739,85636,702
Advances received on contracts in progress46 ----------------77,900--
Taxes, remuneration and social security45 27,338344,25481,16216,0446,3873,9093,8922,0193353357,6317,0905,5968471,7259951,9551,0344,976
Taxes450/3 2,354319,54355,843590581-6376743353356706701,005-1,3009951,9551,0051,755
Remuneration and social security454/9 24,98424,71125,31915,4545,8063,9093,2551,345--6,9616,4204,591847425--293,221
Accrued charges and deferred income492/3 -39,188-----1,4721,048624--66331231259928765
Income statement
Turnover70 --------1.4m-1.1m1.2m937,774615,553726,407630,021450,023447,330480,300
Gross operating margin9900 1.2m1.9m1.1m639,379562,256509,330595,204506,516442,938458,632424,424373,811372,041319,321301,078215,539197,543161,162135,588
Goods, raw materials, services and sundry goods60/61 --------1.0m-899,701897,605629,861426,068477,270445,934252,480286,168344,712
Remuneration, social security and pensions62 65,44443,81335,44737,62536,14244,99033,5751,6851,699136---151---54816,978
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 510,035444,408401,506356,751357,350374,715422,016433,729360,906371,326310,925309,305320,108244,837232,031180,648146,170130,32094,416
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 226,197-----18,86461,092-----------
Other operating charges640/8 22,96146,27666,0329,0496,9834,27310,99312,50726,7067,2626,7467,3534,0993,3683,5663,1743,9345,9642,547
Non-recurring operating charges66A -------3,380-----------
Operating profit (loss)9901 330,0601.3m615,126235,954161,78085,352109,755-5,87753,62779,908106,75257,15347,83570,96665,48131,71747,44024,33021,647
Financial income75/76B 1705772097572133,5813,3073,1503,8274323101873986641,0661,8031,098947770
Recurring financial income75 1705772097572133,5813,3073,1503,8274323101873986641,0661,8031,098947770
Financial charges65/66B 59,39957,37435,03331,04731,50833,52236,14823,64724,57227,46536,51352,45045,52672,16960,34543,87651,02824,84822,992
Recurring financial charges65 59,39957,37435,03331,04731,50833,52236,14823,64724,57227,46536,51352,45045,52672,16960,34543,87651,02824,84822,992
Profit (loss) for the period before taxes9903 270,8321.3m580,302205,664130,48655,41176,914-26,37432,88252,87570,5504,8902,706-5396,202-10,355-2,490429-574
Transfer from deferred taxes780 5,7633,7583,5756,148----4,957----------
Transfer to deferred taxes680 -10,938-9,913---------------
Income taxes67/77 79,470317,72143,260----4--7-12-4-926-3-109-2319-18
Profit (loss) for the period9904 197,125936,485540,618201,899129,24161,84881,876-21,41737,84656,56924,6305,1812,963886,837-9,740-1,8431,03424
Transfer from tax-exempt reserves789 16,37310,3579,81013,93312,16310,1226,6016,6016,6016,601---664664664664664578
Transfer to tax-exempt reserves689 -32,813-29,73820,411-----23,793--------
Profit (loss) for the period to be appropriated9905 213,497914,030550,428186,095120,99371,97088,477-14,81644,44763,1708375,1812,9637537,502-9,076-1,1781,698601
Appropriation of the result
Profit (loss) to be appropriated9906 2.3m2.1m1.2m654,441468,346347,353275,383186,906201,72264,07590669-5,112-8,076-8,828-16,330-7,254-6,076-7,774
Profit (loss) brought forward from the previous period14P 2.1m1.2m654,441468,346----157,275----------
Social balance sheet
Average staff (FTE)9087 1.61111-1.30.10.1---------0.5
Hours worked1013 2,7631,6881,4691,7211,621-1,842102----------839
Document PDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDF

The accounts for 14 older financial years (1992-2006) were filed as documents without figures as data, scans for example.

The notes to these accounts have 18 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the filed accounts (PDF).

Source: Annual accounts 2025 (PDF), filed on 21-10-2025.

Download as CSV

Filings

each dot is a set of accounts, on the day it reached the National Bank
Financial year Type Filed Reference Document
31-03-2025 full format 21-10-2025 2025-00547479 PDF
31-03-2024 full format 04-10-2024 2024-00497625 PDF
31-03-2023 full format 24-11-2023 2023-00517621 PDF
31-03-2022 full format 26-10-2022 2022-20476945 PDF
31-03-2021 full format 29-10-2021 2021-76200015 PDF
31-03-2020 full format 27-11-2020 2020-72700365 PDF
31-03-2019 full format 30-10-2019 2019-72500290 PDF
31-03-2018 full format 26-10-2018 2018-70900149 PDF
31-03-2017 full format 29-09-2017 2017-66000183 PDF
31-03-2016 full format 12-09-2016 2016-59600544 PDF
31-03-2015 full format 05-10-2015 2015-64200318 PDF
31-03-2014 full format 07-10-2014 2014-64100449 PDF
31-03-2013 full format 31-10-2013 2013-65200307 PDF
31-03-2012 full format 31-10-2012 2012-62700515 PDF
31-03-2011 full format 27-10-2011 2011-59100185 PDF
31-03-2010 full format 22-10-2010 2010-58600125 PDF
31-03-2009 full format 30-10-2009 2009-83700035 PDF
31-03-2008 full format 27-11-2008 2008-83000386 PDF
31-03-2007 full format 21-09-2007 2007-72900009 PDF
31-03-2006 full format 30-06-2006 2006-35400202 PDF
31-12-2004 full format 19-05-2005 2005-15200221 PDF
31-12-2003 full format 02-06-2004 2004-18100178 PDF
31-12-2002 full format 03-06-2003 2003-17800196 PDF
31-12-2001 full format 27-05-2002 2002-13700277 PDF
31-12-2000 full format 13-04-2001 2001-09400223 PDF
31-12-1999 full format 03-07-2000 2000-31900106 PDF
31-12-1998 full format 20-05-1999 1999-10801259 PDF
31-12-1997 full format 02-06-1998 1998-12205323 PDF
31-12-1996 full format 06-06-1997 1997-12603981 PDF
31-12-1995 full format 05-06-1996 1996-12504674 PDF
31-12-1994 full format 30-05-1995 1995-10201543 PDF
31-12-1993 full format 24-08-1994 1994-36904427 PDF
31-12-1992 full format 08-06-1993 1993-10804919 PDF

Key figures and ratios

per financial year, computed from the annual accounts
Line Trend2025202420232022202120202019201820172016201520142013201220112010200920082007
EBITDA 840,0951.8m1.0m592,705519,131460,067531,771427,852414,533451,234417,677366,458367,942315,802297,512212,365193,610154,650116,063
Cash flow 707,1591.4m942,123558,651486,591436,563503,891412,313398,752427,894335,554314,486323,071244,925238,869170,908144,327131,35494,440
Investment in fixed assets 2.2m634,4321.4m903,773315,684307,340329,8771.4m686,732129,095487,878253,857387,576475,298480,565572,211224,287720,807128,065
Change in cash -276,428-138,121516,741-261,96620,495184,028-90,473-359,408487,302-8,91336,737-3,2283,552-36,091-25,22561,045-5,651-93,492-
Working capital 930,8281.7m1.3m1.3m1.0m993,670817,797661,733473,975495,016263,852350,710287,140-130,581-240,008-295,078167,479129,743137,926
EBIT margin --------3.8%-9.4%4.7%5.1%11.5%9.0%5.0%10.5%5.4%4.5%
Solvency 32.3%30.9%22.6%17.3%16.4%12.5%11.6%9.6%12.5%10.2%7.4%7.1%6.1%7.5%5.5%6.0%6.7%3.9%5.8%
Current ratio 2.692.453.734.314.952.512.342.461.512.701.762.201.660.760.620.641.631.551.68
Quick ratio 0.491.261.911.182.401.251.210.750.832.221.321.881.330.460.540.601.501.531.59
Debt to equity 2.092.233.424.765.086.957.589.326.988.7412.3813.0515.5112.2717.2115.7713.9224.8316.32
ROE 7.7%39.5%37.5%22.1%17.8%10.1%14.9%-4.9%7.9%18.8%11.0%2.5%1.6%0.0%5.0%-6.9%-1.5%1.5%0.0%
ROA 2.5%12.2%8.5%3.8%2.9%1.3%1.7%-0.5%1.0%1.9%0.8%0.2%0.1%0.0%0.3%-0.4%-0.1%0.1%0.0%
Interest coverage 14.1430.7229.0219.09----16.87----------
Customer credit --------59 days-110 days149 days200 days55 days146 days235 days205 days164 days164 days
Supplier credit --------261 days-41 days10 days74 days208 days20 days180 days1 day51 days39 days

EBIT margin: not included in this filing.

A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.

Social balance sheet

Item31-03-202531-03-202431-03-202331-03-2022
Employees at the balance-sheet date2111
full-time2111
in full-time equivalents2111
Average over the year, in full-time equivalents1.6111
On a permanent contract2111
Joined1---
Left0---

Source: social balance sheet in the 2022 to 2025 annual accounts

Securities and guarantees

on own assets and for others
Item31-03-202531-03-202431-03-202331-03-2022
Debts secured on the company's own assets€448,971€382,309€382,740€269,469
Carrying value of the other pledged assets€6.2m€4.6m€4.4m€3.4m

Source: notes to the 2022 to 2025 annual accounts (statement of debts and off-balance-sheet rights and commitments)

Investments

fixed assets acquired
Item31-03-202531-03-202431-03-202331-03-2022
Tangible fixed assets€2.2m€634,432€1.4m€903,773
Financial fixed assets€16,090---
Depreciation and write-downs of the year€510,035€444,408€401,506€356,751

Source: notes to the 2022 to 2025 annual accounts (statement of fixed assets)

Insights on AVIMA

The operating result for 2025 is 75% lower than in 2024 and the lowest since 2022.

Debt's share of the balance-sheet total falls from 68.8% to 67.5%. Equity and debt are higher.

Board & ownership

Board

4 directors, last change in June 2026
MICHELETTI Philippe
Director
appointed by deed of 23-06-2026
VAN HULLE Bart,August,Godelieve
Director (not named in the articles)
in office according to the deed of 29-06-2023 term without a fixed end
listed in the 2025 annual accounts, filed on 21-10-2025
VAN HULLE Frank,Marc
Director (not named in the articles)
in office according to the deed of 29-06-2023 term without a fixed end
listed in the 2025 annual accounts, filed on 21-10-2025
VANDERERVEN Nelly
Director (not named in the articles)
in office according to the deed of 29-06-2023 term without a fixed end
listed in the 2025 annual accounts, filed on 21-10-2025

Office holders in the KBO →

Mandates through the years

6 names, the dashed line is today
VAN HULLE Bart,August,Godelieve
Board
VAN HULLE Frank,Marc
Board
VANDERERVEN Nelly
Board
MICHELETTI Philippe
Director
Rita VANLUCHENE
Statutory manager
Marc Vandererven
Statutory manager
BoardEarliermandate already running before its first mentionend not dated
Mandates as a list
  • VAN HULLE Bart,August,Godelieve
    • Board, since before 31-03-2022
  • VAN HULLE Frank,Marc
    • Board, since before 31-03-2022
  • VANDERERVEN Nelly
    • Board, since before 31-03-2023
  • MICHELETTI Philippe
    • Director, appointed by deed of 23-06-2026, still in office
  • Rita VANLUCHENE
    • Statutory manager, appointed by deed of 29-06-2023, no longer listed in the 2025 annual accounts
  • Marc Vandererven
    • Statutory manager, until 06-06-2019

See the board, name and registered office on a given date →

Control

See the annual accounts at the National Bank and the publications in the Belgian Official Gazette.

Capital

Capital
€95,449.63
Shares
41
Contribution per share
€2,328
Equity per share
€62,512 in 2025
Source
deed of 17-11-2025

Articles of association

deed of 29-06-2023 (in French)
DurationMost companies exist for an unlimited period, until they are dissolved.
Unlimited
Transfer restrictionThis rule says whether shareholders may sell their shares freely or need approval first.
“Moitié cédant, moitié acquéreurs proportionnellement si plusieurs, tenus de solliciter agrément mêmes formalités sauf ayants droit de plein…”
“Cedant paye contre cessionnaire et ulterieurs sauf convention contraire, 14.6-14.7”
Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
First Monday of September at 18:00

Capital transactions

Capital over time
  1. 17-11-2025 Capital stated in the deed · €95,449.63 · 41 shares
  2. 29-06-2023 Converted to unavailable equity · €104,994.63

Network & group

No group

AVIMA has no parent and no holdings in its annual accounts.

At the same address

Rue Vital Rousseau 8, 1472 Genappe · 3 other companies
Solvay, Patrick (sole trader)
establishment since 01-07-2009
 founded in 2009
0718.494.341
Van Hulle, Frank (sole trader)
establishment since 01-04-2005
 founded in 2005
0873.045.233
Association Vandererven - Van Hulle - Solvay
registered office since 01-01-1975
 founded in 1975
0693.002.642

Acquisitions and mergers

2 transactions
Took over:SOVIMA
BE 0864.346.808merger by absorption · Gazette deed of 24-02-2026 (3 deeds) · effective 12-11-2025
Received a universality from:SOVIMA
BE 0864.346.808Gazette deed of 24-02-2026 · effective 29-12-2025

Timeline

Timeline

50 events since 1991
2026
Appointment: MICHELETTI Philippe (director)General meeting of 21-05-20262 points ▸
  • General meeting, 21-05-2026
  • Director appointment, MICHELETTI Philippe

Open the deed in the Belgian Official Gazette

Transfer: SOVIMA transfers a universality to AVIMALegal-form conversion: from public limited company to private limited company5 points ▸
  • Incorporation, 09-08-1991
  • Legal-form conversion, from public limited company to private limited company
  • Amendment of the articles, article 5.1
  • Merger, 12-11-2025
  • Auditor report, 09-12-2025
  • The deed holds 19 more points.

Open the deed in the Belgian Official Gazette

2025
Registered in the Peppol Directory Reachable for e-invoices through 0208:0444851797
Merger proposal: AVIMA takes over SOVIMA4 points ▸
  • Merger, 12-11-2025
  • Capital, €95,449.63, 41 shares
  • Capital, €18,600, 100 shares
  • Accounting effect, 01-07-2025
  • The deed holds 14 more points.

Open the deed in the Belgian Official Gazette

Annual accounts 2025 filed PDFfull format · 10 days before the deadline
2024
Annual accounts 2024 filed PDFfull format · 27 days before the deadline
Highest result from 2007 to 2025 net €936,485 ▲73.2% The operating result of €1.3m and the net result of €936,485 are both a record.
Equity above €2m equity €2.4m ▲64.3% After 6 profitable years in a row, equity reaches €2.4m.
2023
Annual accounts 2023 filed PDFfull format · 24 days late
1 manager appointed, 3 directors resigning, 1 resignation, 3 reappointmentsResignations: VANDERERVEN Nelly; VAN HULLE Frank, Marc; VAN HULLE Bart, August, Godelieve and Marc Vandererven (statutory manager) · Reappointments: VANDERERVEN Nelly; VAN HULLE Frank, Marc and VAN HULLE Bart, August, Godelieve · Appointment: Rita VANLUCHENE (statutory manager) · General meeting of 26-06-202315 points ▸
  • Registered office clause, Genappe (1472 Vieux-Genappe), rue Vital Rousseau 8
  • Director resignation, VANDERERVEN Nelly
  • Director reappointment, VANDERERVEN Nelly (director (not named in the articles))
  • Director resignation, VAN HULLE Frank, Marc
  • Director reappointment, VAN HULLE Frank, Marc (director (not named in the articles))
  • Director resignation, VAN HULLE Bart, August, Godelieve
  • Director reappointment, VAN HULLE Bart, August, Godelieve (director (not named in the articles))
  • General meeting, 26-06-2023
  • Director resignation, Marc Vandererven (statutory manager)
  • Director appointment, Rita VANLUCHENE (statutory manager)
  • Director appointment, Rita VANLUCHENE (director (not named in the articles))
  • 41 shares
  • Director discharge, VANDERERVEN Nelly
  • Director discharge, VAN HULLE Frank, Marc
  • Director discharge, VAN HULLE Bart, August, Godelieve
  • The deed holds 6 more points.

Open the deed in the Belgian Official Gazette

Equity above €1m equity €1.4m ▲57.9% After 5 profitable years in a row, equity reaches €1.4m.
2022
Annual accounts 2022 filed PDFfull format · 5 days before the deadline
2021
Annual accounts 2021 filed PDFfull format · 2 days before the deadline
2020
Annual accounts 2020 filed PDFfull format · 27 days late
2019
Annual accounts 2019 filed PDFfull format · 1 day before the deadline
Back to profit net €81,876 The net result is €81,876, after one loss-making year.
Equity above €500,000 equity €548,809 ▲26.4% Equity rises from €434,087 to €548,809.
2018
Annual accounts 2018 filed PDFfull format · 5 days before the deadline
Weakest financial year net -€21,417 The net result drops to -€21,417, the lowest from 2007 to 2025. It recovers the following year.
2017
Annual accounts 2017 filed PDFfull format · 32 days before the deadline
2016
Annual accounts 2016 filed PDFfull format · 49 days before the deadline
2015
Annual accounts 2015 filed PDFfull format · 26 days before the deadline
2014
Annual accounts 2014 filed PDFfull format · 24 days before the deadline
2013
Annual accounts 2013 filed PDFfull format · on the deadline day
Liquidity more than doubled current ratio 1.66 The current ratio rises from 0.76 to 1.66. Short-term debt falls from €535,909 to €437,722.
2012
Annual accounts 2012 filed PDFfull format · on the deadline day
Equity above €200,000 equity €205,388 ▲51% After 2 profitable years in a row, equity reaches €205,388.
2011
Annual accounts 2011 filed PDFfull format · 4 days before the deadline
Back to profit net €6,837 The net result is €6,837, after 2 loss-making years.
2010
Annual accounts 2010 filed PDFfull format · 9 days before the deadline
2009
Annual accounts 2009 filed PDFfull format · 1 day before the deadline
Equity above €100,000 equity €126,652 ▲79.6% Equity rises from €70,527 to €126,652.
2008
Annual accounts 2008 filed PDFfull format · 27 days late
2007
Annual accounts 2007 filed PDFfull format · 40 days before the deadline
2006
Annual accounts 2006 filed PDFfull format · 123 days before the deadline
2005
Annual accounts 2004 filed PDFfull format
2004
Annual accounts 2003 filed PDFfull format
2003
Annual accounts 2002 filed PDFfull format
2002
Annual accounts 2001 filed PDFfull format
2001
Annual accounts 2000 filed PDFfull format
2000
Annual accounts 1999 filed PDFfull format
1999
Annual accounts 1998 filed PDFfull format
1998
Annual accounts 1997 filed PDFfull format
1997
Annual accounts 1996 filed PDFfull format
1996
Annual accounts 1995 filed PDFfull format
1995
Annual accounts 1994 filed PDFfull format
1994
Annual accounts 1993 filed PDFfull format
1993
Annual accounts 1992 filed PDFfull format
1991
First establishment AVIMA SPRL, Rue Vital Rousseau 8, Genappe
Incorporation published on 05-09-1991

Financial milestones sit on the financial year-end date, not the filing date.

Sources: Publications in the Belgian Official GazetteFilings with the National Bank

History

AVIMA was incorporated on 9 August 1991.1 In 2025 the company absorbed SOVIMA by merger.2 The company has filed 33 sets of annual accounts, the latest for financial year 2025.3

  1. 1KBO register
  2. 2Belgian Official Gazette, 24-02-2026
  3. 3National Bank, annual accounts 2025

Company details

Identity

Enterprise number
0444.851.797
VAT number
BE 0444.851.797
Peppol ID
0208:0444851797
Legal form
Private limited company
Status
Active, normal situation
Founded
09-08-1991
Financial year
ends on 31 March
Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
First Monday of September at 18:00
deed of 29-06-2023 (in French)
Peppol
Reachable since 22-12-2025Follow this company and you will hear the next morning if it leaves the Peppol register.
Name
AVIMA in French
Entity type
Legal entity
DurationMost companies exist for an unlimited period, until they are dissolved.
Unlimited
deed of 29-06-2023 (in French)

Activities

NACEBEL 2025
VAT activities
01500 Mixed farming main activity
Social security (RSZ) activities
01500 Mixed farming main activity
Joint committees annual accounts 31-03-2025
JC 144 Agriculture
JC 200 Auxiliary committee for white-collar workers
Codes under NACEBEL 2008
VAT activities
01500 Crop and animal production, hunting and related service activities main activity
Social security (RSZ) activities
01500 Crop and animal production, hunting and related service activities main activity
Codes under NACEBEL 2003
01300 main activity
PurposeThe purpose describes the activities the company may carry out under its articles.
“Toutes opérations de travaux agricoles,horticoles et autres tant pour compte de tiers que pour elle-même,tant en amont qu'en aval de…”
3 activities
  1. Toutes opérations de travaux agricoles,horticoles et autres tant pour compte de tiers que pour elle-même,tant en amont qu'en aval de l'agriculture ainsi que la location,l'échange,la vente,l'achat et la gestion de terres et pâtures agricoles
  2. La gestion tant en Belgique qu'à l'étranger de son patrimoine immobilier et mobilier.Dans le cadre de cette gestion la société pourra acquérir,aliéner,transformer,prendre et donner à bail tout biens meubles et immeubles,contracter ou consentir tout emprunts hypothécaires ou non,cette liste n'étant pas limitative
  3. Tant pour elle-même que pour compte de tiers,tant en Belgique qu'à l'étranger,l'activité de transport routier de marchandises
deed of 17-11-2025 (in French)

Registered office and establishments

1 establishment
Establishment Since Unit numberFASFC approval
AVIMA SPRL registered office Rue Vital Rousseau 8, 1472 Genappe 03-09-1991 2.054.043.987 Farm - seed potatoes without a plant passport
Agricultural contractor - use and storage of plant protection products
Farm - field crops

Buildings and parcels at the address

Ground area
7,990 m²
Buildings
133 m²
Volume, LiDAR
1,344 m³
Tallest building
12.2 m
Buildings to scale, each on its own parcel
133 m², 12.2 m 133 m², 12.2 m

Location

registered office establishment The establishment unit on the map
4 companies at this address See who is registered here

Parcels

Cadastral parcelArea Buildings Height / floors
25106A0035/00P0007,990 m² 1 · 133 m² 12.2 m · 3

Recognitions

Food safety, FASFC

1 site
Genappeunit number 2.054.043.987
3 permissions
Farm - seed potatoes without a plant passport · since 21-02-2019
Agricultural contractor - use and storage of plant protection products · since 29-12-2011
Farm - field crops · since 31-01-2009

Source: FAVV-AFSCA, open data, updated on 26-10-2026

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