AVKO
ActiveSummary
The computed 12-month bankruptcy probability of AVKO is 6.7% (elevated). The 2024 annual accounts show equity of €25k and a net result of €10k. Equity is growing by ~31.6% per year across the filed fiscal years. Its solvency ranks better than 81% of 18936 sector peers (fiscal year 2024). The company has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
59
/ 100
Fair
An elevated bankruptcy probability caps the score. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability100▲+15
Solvency91▼-9
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
6.7%
Elevated
0%0.5%1.5%4%10%≥ 25%
Credit up to €1k at 30 days only on tighter terms
Liquidity ample (current ratio 2.93 against 4.62 in 2023; short-term debt: 33.8% and cash: 11.9% of total assets), and 33.8% of the assets are financed with debt.
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Signals
Five signals. The signal on the left, the evidence on the right.
+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 56
Relative position
BE, all sectors
reference
Food and beverage service activities (NACE 56)
about 206% more bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
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 2024Solvency, return and age of the figures
Solvency
66.2%
Return on assets
27.3%
Age of the figures
21 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 10-10-2025, 71 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 · 5 filingsDeviation from the deadline
2025
not confirmed
2024
71 d late
2023
3 d early
2022
17 d late
2021
3 d early
2020
20 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
History
Go further with this company
How much credit can you give this customer, and on what term?Credit simulator What should you check before you do business with this company?Supplier due diligence Accepting this client? The AML file with identity, beneficial owners and sanctions lists.AML client file How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed Roughly what is this company worth?Value indication
Financials · fiscal year 2024, micro schema
Equity
€25k▲ 70.0%
2023 · €15k
Total assets
€38k▲ 103%
2023 · €19k
Net result
€10k▲ 190%
2023 · €4k
Working capital
€25k▲ 74.8%
2023 · €14k
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€3k-€3k€4k▲ 3.8%€11k▲ 216%
Net result€4k-€3k€4k▲ 3.8%€10k▲ 190%
Equity€8k-€8k=€11k▲ 44.3%€15k▲ 31.9%€25k▲ 70.0%
Total assets€8k-€8k=€16k▲ 94.3%€19k▲ 17.6%€38k▲ 103%
Debt€411-€412▲ 0.2%€5k▲ 1,041%€4k▼ 16.5%€13k▲ 228%
Working capital€8k-€8k=€10k▲ 33.1%€14k▲ 36.7%€25k▲ 74.8%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has risen two years in a row; 2024 is 216% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €38k
Fixed assets
€440 ▼ 33.3%
Current assets
€38k ▲ 108%
Equity and liabilities €38k
Equity
€25k ▲ 70.0%
Debt
€13k ▲ 228%
Debt's share of the balance-sheet total rises from 20.9% to 33.8%. Equity and debt are higher.
Key figures and ratios
EBITDA
€12k▲
2023 · €4k
Cash flow
€11k▲
2023 · €4k
Current ratio
2.93▼
2023 · 4.62
Debt to equity
0.51▲
2023 · 0.26
ROE
41.2%▲
2023 · 24.2%
ROA
27.3%▲
2023 · 19.1%
Interest coverage
48.15
Debt ≤ 1 year
€13k▲
2023 · €4k
Income taxes
€693
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 |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €720 | - | €220 | €220 | €220 | = |
| Other operating charges640/8 | - | - | €354 | - | €385 | - |
| Gross operating margin9900 | €4k | €0 | €4k | €4k | €12k | ▲ 213% |
| Operating profit (loss)9901 | €3k | - | €3k | €4k | €11k | ▲ 216% |
| Recurring financial income75 | €355 | - | - | - | - | - |
| Financial charges65/66B | - | - | - | - | €240 | - |
| Recurring financial charges65 | €17 | - | - | - | €240 | - |
| Profit (loss) for the period before taxes9903 | €4k | - | €3k | €4k | €11k | ▲ 209% |
| Income taxes67/77 | - | - | - | - | €693 | - |
| Profit (loss) for the period9904 | €4k | - | €3k | €4k | €10k | ▲ 190% |
| Profit (loss) for the period to be appropriated9905 | €4k | €0 | €3k | €4k | €10k | ▲ 190% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €8k | €8k | €16k | €19k | €38k | ▲ 103% |
| Fixed assets21/28 | - | - | €880 | €660 | €440 | ▼ 33.3% |
| Tangible fixed assets22/27 | - | - | €880 | €660 | €440 | ▼ 33.3% |
| Plant, machinery and equipment23 | - | - | €880 | €660 | €440 | ▼ 33.3% |
| Current assets29/58 | €8k | €8k | €15k | €18k | €38k | ▲ 108% |
| Stocks and contracts in progress3 | - | - | - | €165 | - | - |
| Stocks30/36 | - | - | - | €165 | - | - |
| Amounts receivable within one year40/41 | €8k | €8k | €7k | €7k | €33k | ▲ 353% |
| Other amounts receivable41 | - | €8k | €7k | €7k | €33k | ▲ 353% |
| Cash at bank and in hand54/58 | €257 | €257 | €8k | €11k | €5k | ▼ 57.4% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €8k | €8k | €16k | €19k | €38k | ▲ 103% |
| Equity10/15 | €8k | €8k | €11k | €15k | €25k | ▲ 70.0% |
| Contributions10/11 | - | €4k | €4k | €4k | €4k | = |
| Profit (loss) carried forward14 | €4k | €4k | €7k | €11k | €21k | ▲ 95.7% |
| Amounts payable17/49 | €411 | €412 | €5k | €4k | €13k | ▲ 228% |
| Amounts payable within one year42/48 | €411 | €412 | €5k | €4k | €13k | ▲ 228% |
| Trade debts44 | €411 | €412 | - | - | €12k | - |
| Suppliers440/4 | - | €412 | - | - | - | - |
| Bills of exchange payable441 | - | - | - | - | €12k | - |
| Taxes, remuneration and social security45 | - | - | €5k | €4k | €1k | ▼ 73.3% |
| Taxes450/3 | - | - | €5k | €4k | €1k | ▼ 73.3% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €4k | - | €3k | €4k | €10k | ▲ 190% |
| + Depreciation and write-downs630 | €720 | - | €220 | €220 | €220 | = |
| Operating cash flow (approximation) | €5k | - | €4k | €4k | €11k | ▲ 179% |
| Investment in fixed assets (approximation) | - | - | - | €0 | €0 | - |
| Change in cash | - | €0 | €8k | €3k | €-6k | ▼ 313% |
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
2025
10-10
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 71 days late
2024
31-12
Financial
Highest result since 2020net €10k ▲190%
Operating result €11k, net result €10k, both a record.
28-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
17-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 17 days late
2022
31-12
Financial
Weakest financial yearnet €3k ▼9.2%
Net result drops to €3k, the lowest in the series; recovery starts the following year.
28-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
20-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 20 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts
We know of 5 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
5 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, Brussel · 1 establishment unit since 2019
Ground area
3.7 ha
Building footprint
112 m²
Volume, LiDAR
927 m³
2 parcels, Brussels · tallest building 16.5 m, ±5 floors. Linked by address, not a title deed.
1 establishment unit
AVKO
since 20192.295.779.469
2 parcels
Brussels
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21813F0611/00L000 | Brussels | 3.7 ha | 1 · 48 m² | 11.0 m · 1 fl. |
| 21014A0435/03R003 | Brussels | 64 m² | 1 · 63 m² | 16.5 m · 5 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.
Recognitions · licences · registrations
Food safety, FASFC
1 siteSint-Joost-ten-Node2.295.779.469
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Of 21,861 companies in sector 56112 we hold annual accounts for 9,778. 8,289 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
Founded13-11-2019
Fiscal year end31-12
Activities, NACEBEL 2025
56111Full-service restaurants
56112Limited-service restaurants, excluding mobile food services
47120Other non-specialised retail sale
Scores and ratios are computed by Checked and are not a credit decision.