AVIPKO
ActiveSummary
AVIPKO has been active since 2007 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €154k and a net result of €4k. Equity remains stable across the filed fiscal years (±2% per year). Its solvency ranks better than 49% of 36375 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.9% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability69▼-3
Solvency70=
Growth78=
Track record100
Bankruptcy probability, 12 months
0.9%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €11k at 30 days acceptable
Liquidity ample (current ratio 2.96 against 2.91 in 2023; short-term debt: 21.6% and cash: 41.2% of total assets), but 54.6% of the assets are financed with debt.
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Signals
Three signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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 →
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
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 31-08-2025, 31 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
31 d late
2023
69 d late
2022
42 d late
2021
25 d late
2020
31 d late
2019
70 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Equity
€154k▲ 2.7%
2023 · €150k
Total assets
€341k▲ 1.1%
2023 · €337k
Net result
€4k▼ 59.0%
2023 · €10k
Working capital
€144k▼ 4.7%
2023 · €151k
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€9k▼ 47.2%€77k▲ 802%€57k▼ 26.3%€25k▼ 55.7%€18k▼ 29.1%
Net result€5k▲ 38.7%€43k▲ 769%€32k▼ 25.2%€10k▼ 69.3%€4k▼ 59.0%
Equity€136k▼ 3.3%€179k▲ 31.4%€141k▼ 21.4%€150k▲ 7.0%€154k▲ 2.7%
Total assets€334k▼ 8.8%€362k▲ 8.3%€365k▲ 0.9%€337k▼ 7.7%€341k▲ 1.1%
Debt€198k▼ 12.2%€183k▼ 7.6%€224k▲ 22.5%€186k▼ 16.9%€186k▼ 0.2%
Working capital€154k▲ 9.5%€198k▲ 29.0%€138k▼ 30.4%€151k▲ 9.5%€144k▼ 4.7%
Staff (FTE)2.1▲ 5.0%2▼ 4.8%2.1▲ 5.0%2▼ 4.8%2=
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen three years in a row; 2024 is 29% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €341k
Fixed assets
€123k ▲ 15.3%
Current assets
€218k ▼ 5.5%
Equity and liabilities €341k
Equity
€154k ▲ 2.7%
Debt
€186k ▼ 0.2%
Debt's share of the balance-sheet total falls from 55.3% to 54.6%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€57k▼
2023 · €67k
Cash flow
€43k▼
2023 · €51k
Current ratio
2.96▲
2023 · 2.91
Quick ratio
2.56▼
2023 · 2.61
Debt to equity
1.20▼
2023 · 1.24
ROE
2.6%▼
2023 · 6.5%
ROA
1.2%▼
2023 · 2.9%
Interest coverage
5.87▼
2023 · 6.94
Debt ≤ 1 year
€74k▼
2023 · €79k
Debt > 1 year
€113k▲
2023 · €107k
Income taxes
€4k▼
2023 · €6k
Staff costs
€135k▲
2023 · €132k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | €8k | - |
| Remuneration, social security and pensions62 | - | €113k | €121k | €132k | €135k | ▲ 2.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €46k | €30k | €33k | €42k | €39k | ▼ 6.2% |
| Other operating charges640/8 | - | €3k | €4k | €3k | €3k | ▲ 0.3% |
| Gross operating margin9900 | €171k | €223k | €215k | €202k | €195k | ▼ 3.5% |
| Operating profit (loss)9901 | €9k | €77k | €57k | €25k | €18k | ▼ 29.1% |
| Financial income75/76B | - | €171 | €140 | €392 | €77 | ▼ 80.2% |
| Recurring financial income75 | €106 | €171 | €140 | €392 | €77 | ▼ 80.2% |
| Financial charges65/66B | - | €10k | €11k | €10k | €10k | ▲ 0.8% |
| Recurring financial charges65 | €10k | €10k | €11k | €10k | €10k | ▲ 0.8% |
| Profit (loss) for the period before taxes9903 | €-2k | €67k | €46k | €16k | €8k | ▼ 48.3% |
| Income taxes67/77 | €3k | €25k | €14k | €6k | €4k | ▼ 31.2% |
| Profit (loss) for the period9904 | €5k | €43k | €32k | €10k | €4k | ▼ 59.0% |
| Transfer from tax-exempt reserves789 | - | €18k | €0 | - | - | - |
| Profit (loss) for the period to be appropriated9905 | €5k | €61k | €32k | €10k | €4k | ▼ 59.0% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €334k | €362k | €365k | €337k | €341k | ▲ 1.1% |
| Fixed assets21/28 | €109k | €88k | €136k | €107k | €123k | ▲ 15.3% |
| Tangible fixed assets22/27 | €109k | €88k | €135k | €106k | €122k | ▲ 15.3% |
| Land and buildings22 | - | €37k | €34k | €35k | €22k | ▼ 37.3% |
| Plant, machinery and equipment23 | - | €1k | €755 | €396 | €6k | ▲ 1,514% |
| Furniture and vehicles24 | - | €15k | €73k | €51k | €83k | ▲ 62.1% |
| Other tangible fixed assets26 | - | €35k | €28k | €19k | €11k | ▼ 43.2% |
| Financial fixed assets28 | €454 | €454 | €454 | €454 | €454 | = |
| Current assets29/58 | €225k | €274k | €229k | €230k | €218k | ▼ 5.5% |
| Stocks and contracts in progress3 | €40k | €46k | €27k | €24k | €30k | ▲ 23.1% |
| Stocks30/36 | - | €45k | €27k | €24k | €30k | ▲ 23.1% |
| Contracts in progress37 | - | €381 | €0 | - | - | - |
| Amounts receivable within one year40/41 | €39k | €28k | €50k | €31k | €34k | ▲ 8.8% |
| Trade receivables40 | - | €22k | €45k | €30k | €18k | ▼ 39.4% |
| Other amounts receivable41 | - | €6k | €5k | €2k | €16k | ▲ 915% |
| Cash at bank and in hand54/58 | €129k | €186k | €139k | €163k | €140k | ▼ 13.8% |
| Deferred charges and accrued income490/1 | - | €14k | €13k | €12k | €14k | ▲ 13.3% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €334k | €362k | €365k | €337k | €341k | ▲ 1.1% |
| Equity10/15 | €136k | €179k | €141k | €150k | €154k | ▲ 2.7% |
| Contributions10/11 | - | €74k | €19k | €19k | €19k | = |
| Reserves13 | €51k | €93k | €110k | €120k | €124k | ▲ 3.4% |
| Non-distributable reserves130/1 | - | €7k | €0 | - | - | - |
| Reserves not available under the articles1311 | - | €7k | €0 | - | - | - |
| Distributable reserves133 | - | €86k | €110k | €120k | €124k | ▲ 3.4% |
| Profit (loss) carried forward14 | €12k | €12k | €12k | €12k | €12k | = |
| Amounts payable17/49 | €198k | €183k | €224k | €186k | €186k | ▼ 0.2% |
| Amounts payable after more than one year17 | €127k | €108k | €133k | €107k | €113k | ▲ 4.8% |
| Financial debts170/4 | - | €108k | €133k | €107k | €113k | ▲ 4.8% |
| Amounts payable within one year42/48 | €71k | €75k | €91k | €79k | €74k | ▼ 7.0% |
| Current portion of amounts payable after more than one year42 | - | €19k | €31k | €26k | €35k | ▲ 33.2% |
| Financial debts43 | - | €3k | €11k | €3k | €3k | ▲ 1.0% |
| Credit institutions430/8 | - | €3k | €11k | €3k | €3k | ▲ 1.0% |
| Trade debts44 | €36k | €28k | €19k | €40k | €27k | ▼ 33.1% |
| Suppliers440/4 | - | €28k | €19k | €40k | €27k | ▼ 33.1% |
| Advances received on contracts in progress46 | - | - | - | - | €15 | - |
| Taxes, remuneration and social security45 | - | €20k | €17k | €0 | €2k | - |
| Taxes450/3 | - | €20k | €17k | €0 | €2k | - |
| Other amounts payable47/48 | - | €5k | €14k | €10k | €7k | ▼ 26.3% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €5k | €43k | €32k | €10k | €4k | ▼ 59.0% |
| + Depreciation and write-downs630 | €46k | €30k | €33k | €42k | €39k | ▼ 6.2% |
| Operating cash flow (approximation) | €51k | €73k | €65k | €51k | €43k | ▼ 16.3% |
| Investment in fixed assets (approximation) | - | €-9k | €-81k | €-12k | €-55k | ▼ 352% |
| Change in cash | - | €57k | €-47k | €24k | €-22k | ▼ 194% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
More with these figures Sector benchmark What changed Value indication
Timeline · acts, filings and financial milestones
2025
31-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 31 days late
2024
08-10
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 69 days late
2023
31-12
Financial
Equity above €150kEq €150k ▲7%
6 profitable years in a row build equity to €150k.
11-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 42 days late
2022
25-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 25 days late
2021
31-12
Financial
Highest result since 2018net €43k ▲769%
Operating result €77k, net result €43k, both a record.
31-12
Financial
Equity above €150kEq €179k ▲31.4%
4 profitable years in a row build equity to €179k.
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
2020
09-10
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 70 days late
2019
12-09
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 43 days late
2018
26-09
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 57 days late
2017
18-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 18 days late
2016
22-08
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 22 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 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
4 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, Kapellen · 1 establishment unit since 2007
Ground area
1,646 m²
Building footprint
187 m²
Volume, LiDAR
1,137 m³
Parcel 11362N0357/00N003, Flanders · tallest building 10.7 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Avipko
since 20072.159.617.304
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11362N0357/00N003 | Flanders | 1,646 m² | 1 · 186 m² | 10.7 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.
Public money · subsidies and aid
Flemish government
2022 to 2025 · 2 entries · 1,113 EUR awarded · 1,113 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 814 EUR | 814 EUR |
| 2022 | 1 | 299 EUR | 299 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 7,044 companies in sector 43221 we hold annual accounts for 3,472. 2,982 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
Founded24-01-2007
Fiscal year end31-12
Activities, NACEBEL 2025
43221Plumbing work
Scores and ratios are computed by Checked and are not a credit decision.