AVL
ActiveSummary
AVL has been active since 1999 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €54,953 and a net result of -€540. Equity is shrinking by ~10.4% per year across the filed fiscal years. Its solvency ranks better than 38% of 12788 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability68▲+10
Solvency69▲+3
Growth58▲+26
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €4,000 at 30 days acceptable
Liquidity ample (current ratio 1.6 against 1.68 in 2024; short-term debt: 51.9% and cash: 59.6% of total assets), but 56% of the assets are financed with debt.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 69
Relative position
BE, all sectors
reference
Legal and accounting activities (NACE 69)
about 77% fewer 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
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 2025Solvency, return and age of the figures
Solvency
44%
Return on assets
-0.4%
Age of the figures
12 mo
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year -€540
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 31-03-2026, 30 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
30 d early
2024
44 d early
2023
27 d early
2022
3 d early
2021
44 d early
2020
4 d early
2019
86 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 34 days before the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 32% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
27-09-2026 today30-09-2026 close30-04-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€54,953▼ 1.0%
2024 · €55,493
Total assets
€124,961▼ 7.0%
2024 · €134,331
Net result
-€540▲ 95.4%
2024 · -€11,846
Working capital
€38,884▲ 2.7%
2024 · €37,873
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
Line20212022202320242025
Operating result-€6,257-€18,114▼ 190%€1,872-€10,164€560
Net result-€11,433-€21,542▼ 88.4%-€289▲ 98.7%-€11,846▼ 3,996%-€540▲ 95.4%
Equity€89,170▼ 11.4%€67,628▼ 24.2%€67,339▼ 0.4%€55,493▼ 17.6%€54,953▼ 1.0%
Total assets€154,398▼ 7.4%€154,559▲ 0.1%€132,926▼ 14.0%€134,331▲ 1.1%€124,961▼ 7.0%
Debt€65,228▼ 1.4%€86,931▲ 33.3%€65,587▼ 24.6%€78,838▲ 20.2%€70,008▼ 11.2%
Working capital€66,031▼ 4.6%€46,328▼ 29.8%€48,100▲ 3.8%€37,873▼ 21.3%€38,884▲ 2.7%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €560 after a loss of €10,164 in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €124,961
Fixed assets
€21,254 ▼ 48.0%
Current assets
€103,707 ▲ 10.9%
Equity and liabilities €124,961
Equity
€54,953 ▼ 1.0%
Debt
€70,008 ▼ 11.2%
Debt's share of the balance-sheet total falls from 58.7% to 56.0%. Equity and debt are lower.
Key figures and ratios
EBITDA
€20,154▲
2024 · €10,530
Cash flow
€19,054▲
2024 · €8,848
Current ratio
1.60▼
2024 · 1.68
Debt to equity
1.27▼
2024 · 1.42
ROE
-1.0%▲
2024 · -21.3%
ROA
-0.4%▲
2024 · -8.8%
Interest coverage
19.04▲
2024 · 6.59
Debt ≤ 1 year
€64,823▲
2024 · €55,610
Debt > 1 year
€5,185▼
2024 · €23,228
Income taxes
€131▼
2024 · €134
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 12,304 companies that looked in July 2024 the way this one looks now, 0.6% went bankrupt within 24 months and 90% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a small loss
0.6%
went bankrupt
8.6%
stopped otherwise
90%
still going
A further 0.6% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.1% 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 497,058 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% | 1.6% |
| 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 74% 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 12,304 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 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €18,716 | €26,304 | €21,794 | €20,694 | €19,594 | ▼ 5.3% |
| Other operating charges640/8 | - | €2,154 | €1,688 | €1,858 | €1,451 | ▼ 21.9% |
| Gross operating margin9900 | €14,588 | €10,343 | €25,354 | €12,388 | €21,605 | ▲ 74.4% |
| Operating profit (loss)9901 | -€6,257 | -€18,114 | €1,872 | -€10,164 | €560 | ▲ 106% |
| Financial income75/76B | - | €0 | €1 | €50 | €90 | ▲ 81.1% |
| Recurring financial income75 | - | €0 | €1 | €50 | €90 | ▲ 81.1% |
| Financial charges65/66B | - | €2,467 | €2,042 | €1,597 | €1,059 | ▼ 33.7% |
| Recurring financial charges65 | €5,066 | €2,467 | €2,042 | €1,597 | €1,059 | ▼ 33.7% |
| Profit (loss) for the period before taxes9903 | -€11,323 | -€20,581 | -€169 | -€11,711 | -€409 | ▲ 96.5% |
| Income taxes67/77 | €109 | €961 | €120 | €134 | €131 | ▼ 2.6% |
| Profit (loss) for the period9904 | -€11,433 | -€21,542 | -€289 | -€11,846 | -€540 | ▲ 95.4% |
| Transfer from tax-exempt reserves789 | - | €6,000 | - | - | - | - |
| Profit (loss) for the period to be appropriated9905 | -€11,433 | -€15,542 | -€289 | -€11,846 | -€540 | ▲ 95.4% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €154,398 | €154,559 | €132,926 | €134,331 | €124,961 | ▼ 7.0% |
| Fixed assets21/28 | €67,902 | €79,438 | €60,380 | €40,848 | €21,254 | ▼ 48.0% |
| Intangible fixed assets21 | €8,264 | €2,000 | - | - | - | - |
| Tangible fixed assets22/27 | €59,637 | €77,439 | €60,380 | €40,848 | €21,254 | ▼ 48.0% |
| Plant, machinery and equipment23 | - | €3,896 | €5,132 | €3,893 | €2,108 | ▼ 45.9% |
| Furniture and vehicles24 | - | €30,905 | €22,997 | €15,089 | €7,666 | ▼ 49.2% |
| Other tangible fixed assets26 | - | €42,638 | €32,252 | €21,866 | €11,479 | ▼ 47.5% |
| Current assets29/58 | €86,496 | €75,121 | €72,546 | €93,483 | €103,707 | ▲ 10.9% |
| Amounts receivable within one year40/41 | €26,378 | €36,930 | €28,232 | €25,190 | €28,003 | ▲ 11.2% |
| Trade receivables40 | - | €31,879 | €26,852 | €25,190 | €26,607 | ▲ 5.6% |
| Other amounts receivable41 | - | €5,050 | €1,380 | - | €1,396 | - |
| Cash at bank and in hand54/58 | €60,118 | €38,191 | €44,314 | €67,025 | €74,486 | ▲ 11.1% |
| Deferred charges and accrued income490/1 | - | - | - | €1,269 | €1,219 | ▼ 3.9% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €154,398 | €154,559 | €132,926 | €134,331 | €124,961 | ▼ 7.0% |
| Equity10/15 | €89,170 | €67,628 | €67,339 | €55,493 | €54,953 | ▼ 1.0% |
| Contributions10/11 | - | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €9,849 | €3,849 | €3,849 | €3,849 | €3,849 | = |
| Non-distributable reserves130/1 | - | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Other1319 | - | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Tax-exempt reserves132 | - | €0 | - | - | - | - |
| Distributable reserves133 | - | €1,989 | €1,989 | €1,989 | €1,989 | = |
| Profit (loss) carried forward14 | €60,720 | €45,179 | €44,890 | €33,044 | €32,504 | ▼ 1.6% |
| Amounts payable17/49 | €65,228 | €86,931 | €65,587 | €78,838 | €70,008 | ▼ 11.2% |
| Amounts payable after more than one year17 | €44,763 | €57,791 | €40,757 | €23,228 | €5,185 | ▼ 77.7% |
| Financial debts170/4 | - | €57,791 | €40,757 | €23,228 | €5,185 | ▼ 77.7% |
| Amounts payable within one year42/48 | €20,465 | €28,793 | €24,446 | €55,610 | €64,823 | ▲ 16.6% |
| Current portion of amounts payable after more than one year42 | - | €16,555 | €17,034 | €17,530 | €18,043 | ▲ 2.9% |
| Trade debts44 | €815 | €4,410 | €1,113 | €2,467 | - | - |
| Suppliers440/4 | - | €4,410 | €1,113 | €2,467 | - | - |
| Taxes, remuneration and social security45 | - | €7,828 | €6,037 | €8,799 | €7,322 | ▼ 16.8% |
| Taxes450/3 | - | €7,828 | €6,037 | €8,799 | €7,322 | ▼ 16.8% |
| Other amounts payable47/48 | - | - | €262 | €26,814 | €39,458 | ▲ 47.2% |
| Accrued charges and deferred income492/3 | - | €348 | €384 | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€11,433 | -€21,542 | -€289 | -€11,846 | -€540 | ▲ 95.4% |
| + Depreciation and write-downs630 | €18,716 | €26,304 | €21,794 | €20,694 | €19,594 | ▼ 5.3% |
| Operating cash flow (approximation) | €7,283 | €4,762 | €21,505 | €8,848 | €19,054 | ▲ 115% |
| Investment in fixed assets (approximation) | - | -€37,840 | -€2,735 | -€1,161 | €0 | ▲ 100% |
| Change in cash | - | -€21,927 | €6,123 | €22,711 | €7,461 | ▼ 67.1% |
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
31-03
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
17-03
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
03-04
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
27-04
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
30-09
Financial
Weakest financial yearnet -€21,542
Net result drops to -€21,542, the lowest in the series; recovery starts the following year.
17-03
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
26-04
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
30-09
Financial
Back to profitnet €839
Net result €839 after 2 loss-making years.
30-09
Financial
Equity above €100,000Eq €100,603 ▲0.8%
Equity rises from €99,763 to €100,603.
04-02
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
21-02
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
25-02
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
27-02
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 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
3 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, Destelbergen · 1 establishment unit since 2009
Ground area
389 m²
Building footprint
129 m²
Volume, LiDAR
648 m³
Parcel 44013A0146/00D000, Flanders · tallest building 9.6 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Admiraalhof 68, 9070 Destelbergen
since 20092.175.771.564
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44013A0146/00D000 | Flanders | 389 m² | 1 · 129 m² | 9.6 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 · 4 entries · 784 EUR awarded · 784 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 147 EUR | 147 EUR |
| 2024 | 1 | 0 EUR | 147 EUR |
| 2023 | 1 | 257 EUR | 110 EUR |
| 2022 | 1 | 380 EUR | 380 EUR |
Similar companies · same sector, comparable size
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VERSCHAEVE & HERRIJGERS, FISCAAL JURISTEN
BE 0443.785.886
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FIDUCIAIRE ECOFIGES
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Of 12,174 companies in sector 69201 we hold annual accounts for 7,638. 6,046 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
Founded28-04-1999
Fiscal year end30-09
Activities, NACEBEL 2025
69201Certified accountants and tax accountants
70200Business and other management consultancy
E-invoicing
Reachable via Peppol
Peppol ID
0208:0465968895
Also
9925:BE0465968895
Registered
28-04-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.