AVJ Liège

Non-profit associationfounded 199827 yrs activeRue Darchis 19, 4000 Liège, BelgiumKBO/BCE: BE 0465.576.145

AVJ Liège has been active since 1998 and the Belgian State Gazette contains no insolvency or warning signals. The 2018 annual accounts show equity of €31k and a net result of €34k. The computed 12-month bankruptcy probability is < 0.1% (very low).

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Checked score

No current score

Figures too old

The available figures for FY 2018 are too old to assess current financial health.

Filing: Five or more filing cycles are missing. This points to a standstill, not an imminent failure.

Axes, FY 2018

Profitability66

Solvency35

Growth-

Track record85

Bankruptcy probability, 12 months

< 0.1% Very low

0%0.5%1.5%4%10%≥ 25%

How do we compute the score and the probability?

Credit advice for your own amount and term

Signals

Eight signals. The signal on the left, the evidence on the right.

−lowers risk+raises risk○neutral

Lower-risk legal form

Companies with this legal form statistically fail less often than a BV.

KBO · legal form

Lower-failure-rate sector

In this sector companies fail less often than the Belgian average.

Gazette · bankruptcies per sector, NACE 88

Relative position

BE, all sectors

reference

Sector 88

lower

← fewer bankruptcies more bankruptcies →

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 2018

Solvency, return and age of the figures

Solvency

9.8%

Return on assets

10.6%

Age of the figures

93 mo

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

Higher-failure-rate region

In this region companies fail more often than in the rest of the country.

KBO · registered office

No filing for years

The last filed financial year closed on 31-12-2018. Since then, 7 financial years are missing. This points to a standstill, not an imminent failure.

NBB · 10 filings

Position against the passed deadline

31-12-2019 close31-07-2020 deadline17-09-2026 today

Latest accounts filed on time

The financial year that closed on 31-12-2018 was due by 31-07-2019 and was filed on 31-07-2019, 0 days ahead of the deadline.

NBB · 10 filings

Deviation from the deadline

2025

not confirmed

2024

not filed

2023

not filed

2022

not filed

2021

not filed

2020

not filed

2019

not filed

← before the deadline after the deadline →

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

Financials · fiscal year 2018, abbreviated schema

Turnover

€1.03M

EBIT margin

3.3%

Net result

€34k

Working capital

€174k

Turnover and EBIT margin not published: the abbreviated schema does not require them.

Balance-sheet composition

Assets €320k

99.1%

Fixed assets €3k

Current assets €317k

Equity and liabilities €320k

10%

90.2%

Equity €31k

Debt €288k

Debt finances 90.2% of the balance-sheet total.

Key figures and ratios

2018 value

EBITDA

€36k

Cash flow

€36k

Solvency

9.8%

Current ratio

2.22

Quick ratio

2.22

Debt / equity

4.62

ROE

107.7%

ROA

10.6%

Interest coverage

257.35

Debt

€288k

Debt ≤ 1 year

€143k

Debt > 1 year

€145k

Filed annual accounts

As filed with the NBB · 2018

Balance sheet Code2018

Assets

Total assets20/58€320k

Fixed assets21/28€3k

Tangible fixed assets22/27€3k

Current assets29/58€317k

Stocks and contracts in progress3€178

Amounts receivable within one year40/41€20

Cash at bank and in hand54/58€192k

Equity and liabilities

Total equity and liabilities10/49€320k

Equity10/15€31k

Profit (loss) carried forward14€31k

Amounts payable17/49€288k

Amounts payable after more than one year17€145k

Amounts payable within one year42/48€143k

Trade debts44€10k

Income statement Code2018

Turnover70€1.03M

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2k

Operating profit (loss)9901€34k

Recurring financial income75€54

Recurring financial charges65€140

Debt charges650€140

Profit (loss) for the period before taxes9903€34k

Profit (loss) for the period9904€34k

Profit (loss) for the period to be appropriated9905€34k

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