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AVINCI

Active
Private limited companyfounded 200224 yrs activeSint-Denijslaan 485, 9000 Gent, BelgiumKBO/BCE: BE 0477.787.752
Summary

AVINCI has been active since 2002 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €866,005 and a net result of -€11,608. Equity remains stable across the filed fiscal years (±0.7% per year). The computed 12-month bankruptcy probability is 1.0% (low).

Checked score

Score 2024
Axes · tick = 2023
Profitability67▲+51
Solvency100=
Growth32=
Track record100
Bankruptcy probability, 12 months
1.0% Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €60,000 at 30 days acceptable
short-term debt: 0.1% and cash: 11% of total assets, and 0.1% 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+raises risk○neutral
raises risk · No NACE activity registered
No NACE activity is registered in the KBO, which is more common among companies that later fail.
KBO · activities
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 24 years 0 30 y
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024
Solvency, return and age of the figures
Solvency
99.9%
Return on assets
-1.3%
Age of the figures
21 mo
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 20-06-2025, 41 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
not confirmed
2024
41 d early
2023
29 d early
2022
31 d early
2021
37 d early
2020
22 d early
2019
32 d early
← before the deadline after the deadline →
tick = median of all Belgian filings

This company filed its last 6 accounts on average 32 days before the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.

Checked, nothing found (1)
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

On 21 June 2002, AVINCI was incorporated.1 Total assets went from EUR 905,956 in 2018 to EUR 866,849 in 2024.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2018 and 2024

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Financials · fiscal year 2024, abbreviated schema

Equity
€866,005▼ 1.3%
2023 · €877,613
Total assets
€866,849▼ 1.3%
2023 · €878,318
Net result
-€11,608▲ 45.3%
2023 · -€21,224
Working capital
€97,975▲ 7.1%
2023 · €91,522
Trend over the years

Click a name to add, emphasise or remove a line.

Every figure with its change against the fiscal year before
favourable unfavourable
Line20202021202220232024
Operating result€2,105€2,330▲ 10.7%-€6,443-€21,074▼ 227%-€11,458▲ 45.6%
Net result€1,985€2,188▲ 10.2%-€6,593-€21,224▼ 222%-€11,608▲ 45.3%
Equity€903,242▲ 0.2%€905,430▲ 0.2%€898,837▼ 0.7%€877,613▼ 2.4%€866,005▼ 1.3%
Total assets€904,171▲ 0.2%€905,742▲ 0.2%€905,293=€878,318▼ 3.0%€866,849▼ 1.3%
Debt€929▲ 8.8%€312▼ 66.4%€6,456▲ 1,969%€705▼ 89.1%€844▲ 19.7%
Working capital€104,050▲ 16.9%€120,323▲ 15.6%€121,235▲ 0.8%€91,522▼ 24.5%€97,975▲ 7.1%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
-€30,000-€20,000-€10,000€0Operating result 2020: €2,105€2,105Net result 2020: €1,985€1,985Operating result 2021: €2,330€2,330Net result 2021: €2,188€2,188Operating result 2022: -€6,443-€6,443Net result 2022: -€6,593-€6,593Operating result 2023: -€21,074-€21,074Net result 2023: -€21,224-€21,224Operating result 2024: -€11,458-€11,458Net result 2024: -€11,608-€11,60820202021202220232024-€30,000-€20,000-€10,000€0Operating result 2022: -€6,443-€6,440Net result 2022: -€6,593-€6,590Operating result 2023: -€21,074-€21,100Net result 2023: -€21,224-€21,200Operating result 2024: -€11,458-€11,500Net result 2024: -€11,608-€11,600202220232024
The operating result stays negative: a loss of €11,458 in 2024 against €21,074 in 2023; the loss shrinks.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €866,849
Fixed assets €768,030 ▼ 2.3%
Current assets €98,819 ▲ 7.1%
Equity and liabilities €866,849
Equity €866,005 ▼ 1.3%
Debt €844 ▲ 19.7%
Debt's share of the balance-sheet total stays at 0.1%.
Key figures and ratios
2024 value · change against 2023
EBITDA
€6,603▲
2023 · -€4,919
Cash flow
€6,453▲
2023 · -€5,069
Debt to equity
0.00▲
2023 · 0.00
ROE
-1.3%▲
2023 · -2.4%
ROA
-1.3%▲
2023 · -2.4%
Interest coverage
44.02▲
2023 · -32.79
Debt ≤ 1 year
€844▲
2023 · €705
A ratio outside any meaningful range has been withheld (balance sheet total €866,849, equity €866,005).
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 8,594 companies that looked in July 2024 the way this one looks now, 0.4% went bankrupt within 24 months and 94% are still going.

  • Small
  • 20 years or older
  • solvency 30% or more
  • a small loss
0.4% went bankrupt
5.2% stopped otherwise
94% 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: 1.0% 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%.

The companies in ten equal groups, from lowest to highest expected share.
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 8,594 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
Filed annual accounts As filed with the NBB · 2024 against 2023 · 31 lines
Balance sheet Code20232024
Assets
Total assets20/58€878,318€866,849▼
Fixed assets21/28€786,091€768,030▼
Tangible fixed assets22/27€786,091€768,030▼
Land and buildings22€775,456€761,053▼
Plant, machinery and equipment23€8,682€5,516▼
Furniture and vehicles24€1,953€1,461▼
Current assets29/58€92,227€98,819▲
Cash at bank and in hand54/58€84,541€95,321▲
Deferred charges and accrued income490/1€7,686€3,498▼
Equity and liabilities
Total equity and liabilities10/49€878,318€866,849▼
Equity10/15€877,613€866,005▼
Contributions10/11€870,000€870,000=
Reserves13€7,613-
Distributable reserves133€7,613-
Profit (loss) carried forward14--€3,995
Amounts payable17/49€705€844▲
Amounts payable within one year42/48€705€844▲
Trade debts44€705€844▲
Suppliers440/4€705€844▲
Income statement Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€16,155€18,061▲
Other operating charges640/8€4,808€3,334▼
Gross operating margin9900-€111€9,937▲
Operating profit (loss)9901-€21,074-€11,458▲
Financial charges65/66B€150€150=
Recurring financial charges65€150€150=
Profit (loss) for the period before taxes9903-€21,224-€11,608▲
Profit (loss) for the period9904-€21,224-€11,608▲
Profit (loss) for the period to be appropriated9905-€21,224-€11,608▲
Appropriation of the result
Profit (loss) to be appropriated9906-€27,817-€11,608▲
Profit (loss) brought forward from the previous period14P-€6,593-
Transfer from equity791/2€27,817€7,613▼

The notes to these accounts (4 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20202021202220232024Change
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€13,934€14,085€14,147€16,155€18,061▲ 11.8%
Other operating charges640/8-€2,496€2,556€4,808€3,334▼ 30.7%
Gross operating margin9900€18,517€18,911€10,260-€111€9,937▲ 9,052%
Operating profit (loss)9901€2,105€2,330-€6,443-€21,074-€11,458▲ 45.6%
Financial charges65/66B-€142€150€150€150=
Recurring financial charges65€120€142€150€150€150=
Profit (loss) for the period before taxes9903€1,985€2,188-€6,593-€21,224-€11,608▲ 45.3%
Profit (loss) for the period9904€1,985€2,188-€6,593-€21,224-€11,608▲ 45.3%
Profit (loss) for the period to be appropriated9905€1,985€2,188-€6,593-€21,224-€11,608▲ 45.3%
Line20202021202220232024Change
Assets
Total assets20/58€904,171€905,742€905,293€878,318€866,849▼ 1.3%
Fixed assets21/28€799,192€785,107€777,602€786,091€768,030▼ 2.3%
Tangible fixed assets22/27€799,192€785,107€777,602€786,091€768,030▼ 2.3%
Land and buildings22-€777,273€765,151€775,456€761,053▼ 1.9%
Plant, machinery and equipment23-€7,834€10,006€8,682€5,516▼ 36.5%
Furniture and vehicles24--€2,445€1,953€1,461▼ 25.2%
Current assets29/58€104,979€120,635€127,691€92,227€98,819▲ 7.1%
Cash at bank and in hand54/58€104,979€120,635€120,865€84,541€95,321▲ 12.8%
Deferred charges and accrued income490/1--€6,826€7,686€3,498▼ 54.5%
Equity and liabilities
Total equity and liabilities10/49€904,171€905,742€905,293€878,318€866,849▼ 1.3%
Equity10/15€903,242€905,430€898,837€877,613€866,005▼ 1.3%
Contributions10/11-€870,000€870,000€870,000€870,000=
Reserves13€34,581€35,430€35,430€7,613--
Non-distributable reserves130/1-€34,581€34,581---
Reserves not available under the articles1311-€34,581€34,581---
Distributable reserves133-€849€849€7,613--
Profit (loss) carried forward14-€1,339--€6,593--€3,995-
Amounts payable17/49€929€312€6,456€705€844▲ 19.7%
Amounts payable within one year42/48€929€312€6,456€705€844▲ 19.7%
Trade debts44€929€312€6,456€705€844▲ 19.7%
Suppliers440/4-€312€6,456€705€844▲ 19.7%
Line20202021202220232024Change
Profit (loss) for the period9904€1,985€2,188-€6,593-€21,224-€11,608▲ 45.3%
+ Depreciation and write-downs630€13,934€14,085€14,147€16,155€18,061▲ 11.8%
Operating cash flow (approximation)€15,919€16,273€7,554-€5,069€6,453▲ 227%
Investment in fixed assets (approximation)-€0-€6,642-€24,644€0▲ 100%
Change in cash-€15,656€230-€36,324€10,780▲ 130%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

2025
20-06
NBB filing Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
02-07
NBB filing Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial Weakest financial yearnet -€21,224
Net result drops to -€21,224, the lowest in the series; recovery starts the following year.
31-12
Financial Liquidity times 7current ratio 130.82
Current ratio from 19.78 to 130.82; short-term debt falls from €6,456 to €705.
30-06
NBB filing Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
24-06
NBB filing Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial Highest result since 2018net €2,188 ▲10.2%
Operating result €2,330, net result €2,188, both a record.
31-12
Financial Liquidity triplescurrent ratio 386.65
Current ratio from 113.00 to 386.65; short-term debt falls from €929 to €312.
09-07
NBB filing Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial Back to profitnet €1,985
Net result €1,985 after 2 loss-making years.
29-06
NBB filing Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
05-07
NBB filing Annual accounts filed
fiscal year 2018 · abbreviated schema
Show earlier events
2018
26-06
NBB filing Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
27-06
NBB filing Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
05-08
NBB filing Annual accounts filed
fiscal year 2015 · abbreviated schema · 5 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts

We know of 3 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
3 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, Gent · 1 establishment unit since 2002
seat establishment The establishment unit on the map
Ground area
7,342 m²
Building footprint
2,323 m²
Volume, LiDAR
11,132 m³
2 parcels, Flanders · tallest building 11.8 m, ±3 floors. Linked by address, not a title deed.
7 companies at this address See who is registered here
1 establishment unit
AVINCI
Sint-Denijslaan 495, 9000 GentNACE 7210001
since 20022.096.141.195
2 parcels
Flanders 2 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
44062A0155/00T002 Flanders 4,343 m² 1 · 1,109 m² 3.0 m
44062A0155/00S002 Flanders 2,999 m² 1 · 1,214 m² 11.8 m · 3 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

Part of the group C & D PROJECTS 16 companies Group, risk and exposure

Owners and holdings

1 owner

Chain of control

  1. C & D PROJECTS 100%
  2. AVINCI

Highest known parent: C & D PROJECTS. The sources do not say who stands above it.

Owners 1

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.

Identification & contact

Identification
Legal formPrivate limited company
Founded21-06-2002
Fiscal year end31-12
E-invoicing
Reachable via Peppol
Peppol ID 0208:0477787752
Registered 27-03-2026

Register as of 27 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.