AVINUM
ActiveSummary
AVINUM has been active since 2003 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €454,771 and a net result of -€1,120. Equity is growing by ~11.9% per year across the filed fiscal years. The computed 12-month bankruptcy probability is 1.0% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability31▲+3
Solvency35▲+1
Growth43▼-9
Track record100
Bankruptcy probability, 12 months
1.0%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €18,000 at 30 days only on tighter terms
Liquidity tight (current ratio 1.1 against 1.09 in 2024; short-term debt: 89.4% and cash: 2.6% of total assets), and 89.9% 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
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 →
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 30-01-2026, 1 day ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
1 d early
2024
on the day
2023
1 d early
2022
on the day
2021
10 d early
2020
6 d early
2019
7 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 4 days before 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 30-06-2026 and is due by 31-01-2027. Nothing is late today. Usually files around 30 January (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
30-06-2026 close28-09-2026 today31-01-2027 deadline
History
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Financials · fiscal year 2025, unclassified schema
Turnover
€10.5m▼ 3.1%
2024 · €10.8m
EBIT margin
0.4%=
2024 · 0.4%
Net result
-€1,120▲ 88.3%
2024 · -€9,578
Working capital
€409,204▼ 6.0%
2024 · €435,423
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
Line20202021202220242025
Turnover€10.8m-€10.5m▼ 3.1%
Operating result€50,535▼ 57.5%€56,469▲ 11.7%€182,805▲ 224%€43,531-€40,722▼ 6.5%
Net result€33,221within the sector's middle half▼ 50.1%€33,821within the sector's middle half▲ 1.8%€132,768within the sector's middle half▲ 293%-€9,578--€1,120▲ 88.3%
EBIT margin0.4%-0.4%=
Equity€291,694within the sector's middle half▲ 17.0%€323,515within the sector's middle half▲ 10.9%€454,283within the sector's middle half▲ 40.4%€457,401-€454,771▼ 0.6%
Total assets€927,143within the sector's middle half▼ 4.4%€1.4mwithin the sector's middle half▲ 48.9%€3.0mwithin the sector's middle half▲ 116%€5.2m-€4.5m▼ 12.8%
Debt€635,449▼ 11.8%€1.1m▲ 66.3%€2.5m▲ 139%€4.7m-€4.1m▼ 14.0%
Working capital€300,261within the sector's middle half▲ 3.6%€350,710within the sector's middle half▲ 16.8%€455,638within the sector's middle half▲ 29.9%€435,423-€409,204▼ 6.0%
Solvency31.5%within the sector's middle half▲ 5.8pp23.4%within the sector's middle half▼ 8.0pp15.3%below the sector's middle half▼ 8.2pp8.8%-10.1%▲ 1.2pp
Current ratio1.50within the sector's middle half▲ 0.071.35within the sector's middle half▼ 0.151.18within the sector's middle half▼ 0.161.09-1.10▲ 0.01
Return on assets (ROA)3.6%within the sector's middle half▼ 3.3pp2.5%within the sector's middle half▼ 1.1pp4.5%within the sector's middle half▲ 2.0pp-0.2%-0.0%▲ 0.2pp
Staff (FTE)1below the sector's middle half=1below the sector's middle half=1below the sector's middle half=16-16=
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.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 6% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €4.5m
Fixed assets
€70,348 ▼ 8.2%
Current assets
€4.4m ▼ 12.9%
Equity and liabilities €4.5m
Equity
€454,771 ▼ 0.6%
Debt
€4.1m ▼ 14.0%
Debt's share of the balance-sheet total falls from 91.2% to 89.9%. Equity and debt are lower.
Key figures and ratios
EBITDA
€64,001▲
2024 · €62,557
Cash flow
€22,159▲
2024 · €9,448
Quick ratio
0.53▲
2024 · 0.52
Debt to equity
8.91▼
2024 · 10.30
ROE
-0.2%▲
2024 · -2.1%
Interest coverage
1.93▲
2024 · 1.42
Debt ≤ 1 year
€4.0m▼
2024 · €4.7m
Debt > 1 year
€20,596▼
2024 · €30,553
Income taxes
€8,567▲
2024 · €5,364
Staff costs
€759,839▲
2024 · €741,571
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 2,508 companies that looked in July 2024 the way this one looks now, 1.4% went bankrupt within 24 months and 96% are still going.
- Small
- 20 years or older
- solvency 10 to 30%
- a small loss
1.4%
went bankrupt
1.7%
stopped otherwise
96%
still going
A further 0.5% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 1.0% 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 497,662 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% | 1.7% |
| 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 75% 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 2,508 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 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Operating income70/76A | - | - | - | €10.9m | €10.6m | ▼ 3.2% |
| Turnover70 | - | - | - | €10.8m | €10.5m | ▼ 3.1% |
| Other operating income74 | - | - | - | €103,703 | €94,524 | ▼ 8.9% |
| Non-recurring operating income76A | - | - | - | €65 | €37 | ▼ 43.1% |
| Operating charges60/66A | - | - | - | €10.9m | €10.5m | ▼ 3.1% |
| Goods for resale, raw materials and consumables60 | - | - | - | €8.2m | €7.9m | ▼ 3.9% |
| Purchases600/8 | - | - | - | €8.3m | €7.6m | ▼ 8.2% |
| Change in stocks: decrease (increase)609 | - | - | - | -€72,167 | €287,747 | ▲ 499% |
| Services and other goods61 | - | - | - | €1.8m | €1.8m | ▼ 2.7% |
| Remuneration, social security and pensions62 | - | - | €50,057 | €741,571 | €759,839 | ▲ 2.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €4,102 | €6,783 | €8,215 | €19,026 | €23,279 | ▲ 22.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | €31,833 | €26,488 | €9,773 | ▼ 63.1% |
| Other operating charges640/8 | - | - | €8,924 | €47,900 | €66,979 | ▲ 39.8% |
| Non-recurring operating charges66A | - | - | - | €1,200 | €822 | ▼ 31.5% |
| Gross operating margin9900 | €116,465 | €109,218 | €281,834 | - | - | - |
| Operating profit (loss)9901 | €50,535 | €56,469 | €182,805 | €43,531 | €40,722 | ▼ 6.5% |
| Financial income75/76B | - | - | €8,256 | €5,771 | €7,055 | ▲ 22.2% |
| Recurring financial income75 | €5,107 | €5,005 | €8,256 | €5,771 | €7,055 | ▲ 22.2% |
| Income from financial fixed assets750 | - | - | - | €2,287 | €2,418 | ▲ 5.7% |
| Other financial income752/9 | - | - | - | €3,484 | €4,637 | ▲ 33.1% |
| Financial charges65/66B | - | - | €16,429 | €53,516 | €40,330 | ▼ 24.6% |
| Recurring financial charges65 | €8,499 | €11,521 | €16,429 | €53,516 | €40,330 | ▼ 24.6% |
| Debt charges650 | - | - | - | €43,950 | €33,093 | ▼ 24.7% |
| Other financial charges652/9 | - | - | - | €9,566 | €7,237 | ▼ 24.3% |
| Profit (loss) for the period before taxes9903 | €47,143 | €49,953 | €174,632 | -€4,214 | €7,447 | ▲ 277% |
| Income taxes67/77 | €13,922 | €16,132 | €41,864 | €5,364 | €8,567 | ▲ 59.7% |
| Taxes670/3 | - | - | - | €5,400 | €8,580 | ▲ 58.9% |
| Tax adjustments and reversals of tax provisions77 | - | - | - | €36 | €13 | ▼ 63.9% |
| Profit (loss) for the period9904 | €33,221 | €33,821 | €132,768 | -€9,578 | -€1,120 | ▲ 88.3% |
| Profit (loss) for the period to be appropriated9905 | €33,221 | €33,821 | €132,768 | -€9,578 | -€1,120 | ▲ 88.3% |
| Line | 2020 | 2021 | 2022 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €927,143 | €1.4m | €3.0m | €5.2m | €4.5m | ▼ 12.8% |
| Formation expenses20 | - | - | - | €0 | - | - |
| Fixed assets21/28 | €23,829 | €17,046 | €32,495 | €76,632 | €70,348 | ▼ 8.2% |
| Intangible fixed assets21 | €20,985 | €16,359 | €11,733 | €6,573 | €9,588 | ▲ 45.9% |
| Tangible fixed assets22/27 | €2,717 | €560 | €20,635 | €69,932 | €50,633 | ▼ 27.6% |
| Land and buildings22 | - | - | - | €0 | - | - |
| Plant, machinery and equipment23 | - | - | - | €15,653 | €11,933 | ▼ 23.8% |
| Furniture and vehicles24 | - | - | €20,635 | €54,279 | €38,700 | ▼ 28.7% |
| Leasing and similar rights25 | - | - | - | €0 | - | - |
| Other tangible fixed assets26 | - | - | - | €0 | - | - |
| Assets under construction and advance payments27 | - | - | - | €0 | - | - |
| Financial fixed assets28 | €127 | €127 | €127 | €127 | €10,127 | ▲ 7,874% |
| Other financial fixed assets284/8 | - | - | - | €127 | €10,127 | ▲ 7,874% |
| Shares284 | - | - | - | - | €10,000 | - |
| Amounts receivable and cash guarantees285/8 | - | - | - | €127 | €127 | = |
| Current assets29/58 | €903,314 | €1.4m | €2.9m | €5.1m | €4.4m | ▼ 12.9% |
| Stocks and contracts in progress3 | €616,866 | €861,973 | €1.4m | €2.7m | €2.3m | ▼ 13.5% |
| Stocks30/36 | - | - | €1.4m | €2.7m | €2.3m | ▼ 13.5% |
| Goods purchased for resale34 | - | - | - | €2.5m | €2.2m | ▼ 11.6% |
| Advance payments36 | - | - | - | €206,728 | €133,803 | ▼ 35.3% |
| Amounts receivable within one year40/41 | €236,970 | €385,073 | €1.4m | €2.2m | €2.0m | ▼ 9.0% |
| Trade receivables40 | - | - | €1.3m | €2.1m | €1.9m | ▼ 8.6% |
| Other amounts receivable41 | - | - | €105,696 | €92,897 | €77,144 | ▼ 17.0% |
| Cash at bank and in hand54/58 | €48,785 | €114,603 | €149,508 | €218,775 | €118,479 | ▼ 45.8% |
| Deferred charges and accrued income490/1 | - | - | €9,441 | €39,690 | €38,970 | ▼ 1.8% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €927,143 | €1.4m | €3.0m | €5.2m | €4.5m | ▼ 12.8% |
| Equity10/15 | €291,694 | €323,515 | €454,283 | €457,401 | €454,771 | ▼ 0.6% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Distributable reserves133 | - | - | €1,860 | €1,860 | €1,860 | = |
| Profit (loss) carried forward14 | €262,134 | €295,955 | €428,723 | €434,266 | €433,146 | ▼ 0.3% |
| Investment grants15 | - | - | €5,100 | €2,675 | €1,165 | ▼ 56.4% |
| Amounts payable17/49 | €635,449 | €1.1m | €2.5m | €4.7m | €4.1m | ▼ 14.0% |
| Amounts payable after more than one year17 | €25,410 | €43,300 | €32,928 | €30,553 | €20,596 | ▼ 32.6% |
| Financial debts170/4 | - | - | €32,928 | €30,553 | €20,596 | ▼ 32.6% |
| Credit institutions173 | - | - | - | €30,553 | €20,596 | ▼ 32.6% |
| Amounts payable within one year42/48 | €603,053 | €1.0m | €2.5m | €4.7m | €4.0m | ▼ 13.5% |
| Current portion of amounts payable after more than one year42 | - | - | €31,990 | €13,423 | €9,957 | ▼ 25.8% |
| Financial debts43 | - | - | €129,900 | €764,716 | €550,000 | ▼ 28.1% |
| Credit institutions430/8 | - | - | €129,900 | €764,716 | €550,000 | ▼ 28.1% |
| Trade debts44 | €206,038 | €488,396 | €1.7m | €3.6m | €3.2m | ▼ 9.9% |
| Suppliers440/4 | - | - | €1.7m | €3.6m | €3.2m | ▼ 9.9% |
| Advances received on contracts in progress46 | - | - | €84,042 | €127,264 | €50,944 | ▼ 60.0% |
| Taxes, remuneration and social security45 | - | - | €59,387 | €177,083 | €198,097 | ▲ 11.9% |
| Taxes450/3 | - | - | €48,279 | €119,254 | €141,603 | ▲ 18.7% |
| Remuneration and social security454/9 | - | - | €11,108 | €57,829 | €56,494 | ▼ 2.3% |
| Other amounts payable47/48 | - | - | €474,612 | - | - | - |
| Accrued charges and deferred income492/3 | - | - | €922 | €24,101 | €4,185 | ▼ 82.6% |
| Line | 2020 | 2021 | 2022 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €33,221 | €33,821 | €132,768 | -€9,578 | -€1,120 | ▲ 88.3% |
| + Depreciation and write-downs630 | €4,102 | €6,783 | €8,215 | €19,026 | €23,279 | ▲ 22.4% |
| Operating cash flow (approximation) | €37,323 | €40,604 | €140,983 | €9,448 | €22,159 | ▲ 135% |
| Investment in fixed assets (approximation) | - | €0 | -€23,664 | - | -€16,995 | - |
| Change in cash | - | €65,818 | €34,905 | - | -€100,296 | - |
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
30-01
NBB filing
Annual accounts filed
fiscal year 2025 · unclassified schema
2025
31-01
NBB filing
Annual accounts filed
fiscal year 2024 · unclassified schema
2024
30-06
Financial
Weakest financial yearnet -€9,578
Net result drops to -€9,578, the lowest in the series; recovery starts the following year.
30-01
NBB filing
Annual accounts filed
fiscal year 2023 · unclassified schema
2023
31-01
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
30-06
Financial
Highest result since 2019net €132,768 ▲293%
Operating result €182,805, net result €132,768, both a record.
21-01
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
25-01
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
24-01
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
11-01
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
31-01
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
27-01
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 6 acts read
About the unread acts
We know of 6 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
6 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, Anderlecht · 1 establishment unit since 2003
Ground area
1.6 ha
Building footprint
8,083 m²
Volume, LiDAR
53,581 m³
Parcel 21306D0243/00B000, Brussels · tallest building 7.9 m, ±2 floors. Linked by address, not a title deed.
6
companies at this address
See who is registered here
1 establishment unit
BDC WINE AGENCIES
since 20032.133.787.093
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21306D0243/00B000 | Brussels | 1.6 ha | 1 · 8,083 m² | 7.9 m · 2 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
6 ownersOwners 6
-
42%
- BENOIT DE COSTERnatural personSourceown accounts 30-06-202515%
-
13%
-
10%
-
10%
- ANDRE POESnatural personSourceown accounts 30-06-202510%
Holdings 0
The accounts to 30-06-2025 list no holdings, and no other source names one.
According to the annual accounts to 30-06-2025 of AVINUM 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.
Recognitions · licences · registrations
Food safety, FASFC
1 siteAnderlecht2.133.787.093
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Of 1,582 companies in sector 46349 we hold annual accounts for 990. 679 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
Founded09-05-2003
Fiscal year end30-06
Activities, NACEBEL 2025
46349Wholesale of beverages, general range
47252Retail sale of beverages, general range
E-invoicing
Reachable via Peppol
Peppol ID
0208:0480188503
Registered
27-03-2026
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.