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AVIOVISION

Active
Public limited companyfounded 201016 yrs activeHerkenrodesingel 8D, 3500 Hasselt, BelgiumKBO/BCE: BE 0823.835.450
Summary

AVIOVISION has been active since 2010 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €8.8m and a net result of €296,066. Equity is growing by ~20.4% per year across the filed fiscal years. Its solvency ranks better than 51% of 1666 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).

Risk analysisWatch ReportCompare
AVIOVISIONActiveChecked score 90/100
Risk analysis ReportCompare

Overview

Activity
Computer programming
NACE 62100NACE 62010Engineering and related technical consultancy, excluding land surveyors NACE 71121
#6 company by total assets in Hasselt, Telecoms and IT sector1 site
Size
€29.2mturnover 2025
Staff
84.3 FTE
Equity
€8.8m
Profit
€296,066
Financial health
90 Excellent Checked score 2025
Bankruptcy chance 12 m
0.2%
Structure
Parent
THALES BELGIUM · 100%
Board
2 members
Auditor: BV PwC BedrijfsrevisorenAccounts 37 d early
Why 90- Liquidity: current ratio 1.29, cash €861,487, halved- Size: turnover €29.2m, 84.3 FTE, total assets €22.1m+ Sector Computer programming, consultancy and related activities (NACE 62)+ Figures for FY 2025 (filed 24-06-2026)Show the evidence

Checked score

Score 2025
90 / 100
Excellent
Probability in this band: under 0.55%
Better than 49% of its sector peers (NACE 62, medium-sized)
Performance against the sector, not lower risk
Every signal that weighs is under Signals.
Financial strength · tick = 2024
Average
Solvency 65+3
equity 39.8% of total assets
Liquidity 38-20
short-term debt 36.6% · cash 3.9%
Profitability 65-12
return on assets 1.3%
Bankruptcy probability, 12 months
0.2% Very low
0%0.5%1.5%4%10%≥ 25%

About 2 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.1% (209 companies)
Last 24 months 11-2024: 0.1% 12-2024: 0.1%● 0.0% vs 11-2024 01-2025: 0.1%● 0.0% vs 12-2024 02-2025: 0.1%▼ -4.5% vs 01-2025 03-2025: 0.1%● 0.0% vs 02-2025 04-2025: 0.1%▲ +7.1% vs 03-2025 05-2025: 0.1%▲ +3.7% vs 04-2025 06-2025: 0.2%▲ +10.7% vs 05-2025 07-2025: 0.2%▲ +19.4% vs 06-2025highest value 08-2025: < 0.1%▼ -77.8% vs 07-2025 09-2025: < 0.1%● 0.0% vs 08-2025 10-2025: < 0.1%● 0.0% vs 09-2025 11-2025: < 0.1%● 0.0% vs 10-2025 12-2025: < 0.1%● 0.0% vs 11-2025 01-2026: < 0.1%● 0.0% vs 12-2025 02-2026: < 0.1%● 0.0% vs 01-2026 03-2026: < 0.1%▼ -4.9% vs 02-2026lowest value 04-2026: < 0.1%▲ +2.6% vs 03-2026 05-2026: < 0.1%● 0.0% vs 04-2026 06-2026: < 0.1%▲ +2.5% vs 05-2026 07-2026: 0.2%▲ +293% vs 06-2026 08-2026: 0.2%● 0.0% vs 07-2026 09-2026: 0.2%● 0.0% vs 08-2026 10-2026: 0.2%● 0.0% vs 09-2026
  • Liquidity: current ratio 1.29, cash €861,487, halved raises the probability
  • Sector Computer programming, consultancy and related activities (NACE 62) lowers the probability
  • Figures for FY 2025 (filed 24-06-2026) lowers the probability
  • Size: turnover €29.2m, 84.3 FTE, total assets €22.1m raises the probability for this profile
Credit up to €750,000 at 30 days acceptable
Liquidity tight (current ratio 1.29 against 2.06 in 2024; short-term debt: 36.6% and cash: 3.9% of total assets), and 60.2% of the assets are financed with debt.
How it is calculated

The band comes from the bankruptcy probability on a scale of 0 to 100: every 10 points more double the odds of getting through the year without bankruptcy.

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%

Place inside the band: half the bankruptcy probability, half how the company does against its sector peers (NACE 62, medium-sized). Better than this share of them on solvency 55%, liquidity 49%, profitability 52%, growth against the median 38%. That is performance, not lower risk; the band itself always comes from the probability.

Bankruptcy probability: model pd-v3.202610021621, computed on 03-10-2026. The model learns from Belgian bankruptcies and reads the registers, the annual accounts and the gazette.

Ceilings: negative or zero equity, a heavy loss, a special KBO legal situation and a missing filing 59 (two missing 44), an ongoing judicial reorganisation or an ending 24. Financial strength does not count in the score.

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Signals

Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Liquidity: current ratio 1.29, cash €861,487, halved
In the bankruptcy model this factor raises the probability.
NBB · annual accounts
lowers risk · Sector Computer programming, consultancy and related activities (NACE 62)
In the bankruptcy model this factor lowers the probability.
KBO
lowers risk · Figures for FY 2025 (filed 24-06-2026)
In the bankruptcy model this factor lowers the probability.
NBB · annual accounts
raises risk · Size: turnover €29.2m, 84.3 FTE, total assets €22.1m
In the bankruptcy model this factor raises the probability for this profile.
NBB · annual accounts
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 24-06-2026, 37 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
37 d early
2024
29 d early
2023
43 d early
2022
33 d early
2021
26 d early
2020
19 d early
2019
20 d late
← 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 24 days before the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 33% 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. Usually files around 28 June (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Position in the running window
04-10-2026 today31-12-2026 close31-07-2027 deadline
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
  1. Resignation: Kris Van den Bergh (director)State Gazette act
  2. Annual accounts filedfiscal year 2025 · full…
  3. Resignations & appointmentsPower of attorney · Ratification

Key points

  • Caution: Result fell in 2025from €1.1m to €296,066 ▼ 73.9% View
  • Positive: Among the best 10% on equitysector median €426,315 · 1,665 companies €8.8m View
  • Controlled by THALES BELGIUMultimately: Thales SA 100% View
  • Positive: Always filed on timeaccounts within the deadline every year 6 years View
  • A director leftlatest change 27-08-2026 · 2 in office 1 left View

By topic

Financials

Fiscal year
2025
Turnover
€29.2m
Profit
€296,066
Solvency
39.8%
Turnover▼ 0.7%
Net result
20202025
Go to Financials

Board & ownership

Board
2 members
Parent
THALES BELGIUM · 100%
Auditor
BV PwC Bedrijfsrevisoren
Go to Board & ownership

Timeline

Events
38
Since
2010
Next accounts
by 31-07-2027
  1. 27-08-2026Resignation: Kris Van den Bergh (director)
  2. 24-06-2026Annual accounts filed
  3. 16-10-2025Resignations & appointments
Go to Timeline

Company details

Sites
1
Legal form
Public limited company
Activity
Computer programmingNACE 62100
Founded
11-03-2010
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

Articles of association

Provisions read
2
Purpose
Het verlenen van diensten in de meest ruime zin van het woord aan bedrijven en…
Go to Articles of association

Go further with this company

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