AVME
ActiveSummary
AVME has been active since 2001 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show negative equity (-€23,342) and a net result of €8,750. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 15% of 26049 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.9% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability82▲+6
Solvency0=
Growth58▲+26
Track record100
Bankruptcy probability, 12 months
0.9%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity ample (current ratio 1.75 against 2.01 in 2023; short-term debt: 40.7% of total assets), but equity is negative.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
-27.8%
Return on assets
10.4%
Age of the figures
21 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Retail trade (NACE 47)
about 45% 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
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 15% of 26049 sector peers (2024).
NBB · sector comparisonPosition among 26049 sector peers
Solvency
better than 15%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 11-09-2025, 42 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
42 d late
2023
29 d late
2022
31 d late
2021
29 d late
2020
30 d late
2019
63 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 37 days after the deadline; the sector median for financial year 2024 is on the deadline day, and 46% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, micro schema
Turnover
€51,762
EBIT margin
-51.8%
Net result
€8,750▲ 66.1%
2023 · €5,267
Working capital
€25,700▼ 16.9%
2023 · €30,920
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 47, Retail trade, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Turnover€51,762
Operating result-€26,801€9,094-€7,635€6,333€9,716▲ 53.4%
Net result-€28,970below the sector's middle half€7,619within the sector's middle half-€9,428below the sector's middle half€5,267within the sector's middle half€8,750within the sector's middle half▲ 66.1%
EBIT margin-51.8%
Equity-€35,550below the sector's middle half▼ 440%-€27,931below the sector's middle half▲ 21.4%-€37,359below the sector's middle half▼ 33.8%-€32,092below the sector's middle half▲ 14.1%-€23,342below the sector's middle half▲ 27.3%
Total assets€79,515within the sector's middle half▼ 20.6%€80,849within the sector's middle half▲ 1.7%€104,844within the sector's middle half▲ 29.7%€88,380within the sector's middle half▼ 15.7%€83,861within the sector's middle half▼ 5.1%
Debt€115,065▲ 7.8%€108,780▼ 5.5%€142,203▲ 30.7%€120,472▼ 15.3%€107,203▼ 11.0%
Working capital€3,461within the sector's middle half▼ 80.8%€7,488within the sector's middle half▲ 116%€29,528within the sector's middle half▲ 294%€30,920within the sector's middle half▲ 4.7%€25,700within the sector's middle half▼ 16.9%
Solvency-44.7%below the sector's middle half▼ 38.1pp-34.5%below the sector's middle half▲ 10.2pp-35.6%below the sector's middle half▼ 1.1pp-36.3%below the sector's middle half▼ 0.7pp-27.8%below the sector's middle half▲ 8.5pp
Current ratio1.09within the sector's middle half▼ 0.581.22within the sector's middle half▲ 0.121.66within the sector's middle half▲ 0.442.01within the sector's middle half▲ 0.351.75within the sector's middle half▼ 0.26
Return on assets (ROA)-36.4%below the sector's middle half▼ 37.7pp9.4%within the sector's middle half▲ 45.9pp-9.0%below the sector's middle half▼ 18.4pp6.0%within the sector's middle half▲ 15.0pp10.4%within the sector's middle half▲ 4.5pp
above
within
below
the middle half (P25 to P75) of NACE 47, Retail trade, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed two years in a row; 2024 is 53% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €83,861
Fixed assets
€24,008 ▼ 10.5%
Current assets
€59,853 ▼ 2.7%
Key figures and ratios
EBITDA
€21,021▲
2023 · €15,643
Cash flow
€20,056▲
2023 · €14,576
Quick ratio
0.67▼
2023 · 0.90
Debt to equity
-4.59▼
2023 · -3.75
Interest coverage
21.58▲
2023 · 14.65
Debt ≤ 1 year
€34,153▲
2023 · €30,622
Debt > 1 year
€71,285▼
2023 · €88,085
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 3,798 companies that looked in July 2024 the way this one looks now, 2.5% went bankrupt within 24 months and 91% are still going.
- Micro
- 20 years or older
- negative equity
- a profit of 5% of the balance sheet or more
2.5%
went bankrupt
5.3%
stopped otherwise
91%
still going
A further 0.8% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.9% 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 497,662 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% | 1.7% |
| 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 75% 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 3,798 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 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | €51,762 | - | - | - | - | - |
| Non-recurring operating income76A | - | €550 | - | €1,500 | €0 | ▼ 100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €19,747 | - | €15,580 | €9,310 | €11,306 | ▲ 21.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | €5,983 | -€118 | ▼ 102% |
| Other operating charges640/8 | - | €649 | €1,823 | €668 | €736 | ▲ 10.2% |
| Non-recurring operating charges66A | - | - | - | €0 | - | - |
| Gross operating margin9900 | -€6,307 | €9,743 | €9,768 | €22,294 | €21,639 | ▼ 2.9% |
| Operating profit (loss)9901 | -€26,801 | €9,094 | -€7,635 | €6,333 | €9,716 | ▲ 53.4% |
| Financial income75/76B | - | - | - | €2 | €8 | ▲ 397% |
| Recurring financial income75 | €221 | - | - | €2 | €8 | ▲ 397% |
| Financial charges65/66B | - | €1,475 | €1,793 | €1,068 | €974 | ▼ 8.8% |
| Recurring financial charges65 | €2,390 | €1,475 | €1,528 | €1,068 | €974 | ▼ 8.8% |
| Non-recurring financial charges66B | - | - | €266 | - | - | - |
| Profit (loss) for the period before taxes9903 | -€28,970 | €7,619 | -€9,428 | €5,267 | €8,750 | ▲ 66.1% |
| Profit (loss) for the period9904 | -€28,970 | €7,619 | -€9,428 | €5,267 | €8,750 | ▲ 66.1% |
| Profit (loss) for the period to be appropriated9905 | -€28,970 | €7,619 | -€9,428 | €5,267 | €8,750 | ▲ 66.1% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €79,515 | €80,849 | €104,844 | €88,380 | €83,861 | ▼ 5.1% |
| Fixed assets21/28 | €38,675 | €38,675 | €30,502 | €26,838 | €24,008 | ▼ 10.5% |
| Tangible fixed assets22/27 | €36,856 | €36,856 | €28,683 | €25,018 | €22,189 | ▼ 11.3% |
| Plant, machinery and equipment23 | - | €36,156 | €27,599 | €24,201 | €21,637 | ▼ 10.6% |
| Furniture and vehicles24 | - | - | €484 | €318 | €151 | ▼ 52.4% |
| Other tangible fixed assets26 | - | €700 | €600 | €500 | €400 | ▼ 20.0% |
| Financial fixed assets28 | €1,819 | €1,819 | €1,819 | €1,819 | €1,819 | = |
| Current assets29/58 | €40,840 | €42,174 | €74,342 | €61,542 | €59,853 | ▼ 2.7% |
| Stocks and contracts in progress3 | €35,159 | €35,815 | €38,583 | €34,059 | €37,070 | ▲ 8.8% |
| Stocks30/36 | - | €35,815 | €38,583 | €34,059 | €37,070 | ▲ 8.8% |
| Amounts receivable within one year40/41 | €5,283 | €6,158 | €35,447 | €27,246 | €22,410 | ▼ 17.7% |
| Trade receivables40 | - | €6,158 | €35,447 | €27,130 | €22,410 | ▼ 17.4% |
| Other amounts receivable41 | - | - | - | €116 | €0 | ▼ 100% |
| Cash at bank and in hand54/58 | €198 | - | - | - | - | - |
| Deferred charges and accrued income490/1 | - | €201 | €312 | €237 | €373 | ▲ 57.4% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €79,515 | €80,849 | €104,844 | €88,380 | €83,861 | ▼ 5.1% |
| Equity10/15 | -€35,550 | -€27,931 | -€37,359 | -€32,092 | -€23,342 | ▲ 27.3% |
| Contributions10/11 | - | €34,720 | €34,720 | €34,720 | €34,720 | = |
| Profit (loss) carried forward14 | -€70,270 | -€62,651 | -€72,079 | -€66,812 | -€58,062 | ▲ 13.1% |
| Amounts payable17/49 | €115,065 | €108,780 | €142,203 | €120,472 | €107,203 | ▼ 11.0% |
| Amounts payable after more than one year17 | €76,053 | €72,358 | €95,624 | €88,085 | €71,285 | ▼ 19.1% |
| Other amounts payable178/9 | - | €72,358 | €95,624 | €88,085 | €71,285 | ▼ 19.1% |
| Amounts payable within one year42/48 | €37,379 | €34,686 | €44,814 | €30,622 | €34,153 | ▲ 11.5% |
| Current portion of amounts payable after more than one year42 | - | €16,898 | €16,898 | €16,898 | €16,898 | = |
| Financial debts43 | - | €9,726 | €8,348 | €3,180 | €8,549 | ▲ 169% |
| Credit institutions430/8 | - | €9,726 | €8,348 | €3,180 | €8,549 | ▲ 169% |
| Trade debts44 | €10,440 | €6,861 | €15,825 | €7,707 | €5,866 | ▼ 23.9% |
| Suppliers440/4 | - | €6,861 | €15,825 | €7,707 | €5,866 | ▼ 23.9% |
| Advances received on contracts in progress46 | - | - | €511 | €635 | €0 | ▼ 100% |
| Taxes, remuneration and social security45 | - | €1,007 | €3,232 | €2,203 | €2,840 | ▲ 28.9% |
| Taxes450/3 | - | €1,007 | €3,232 | €2,203 | €2,840 | ▲ 28.9% |
| Other amounts payable47/48 | - | €194 | - | - | - | - |
| Accrued charges and deferred income492/3 | - | €1,736 | €1,765 | €1,765 | €1,765 | = |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€28,970 | €7,619 | -€9,428 | €5,267 | €8,750 | ▲ 66.1% |
| + Depreciation and write-downs630 | €19,747 | - | €15,580 | €9,310 | €11,306 | ▲ 21.4% |
| Operating cash flow (approximation) | -€9,223 | €7,619 | €6,152 | €14,576 | €20,056 | ▲ 37.6% |
| Investment in fixed assets (approximation) | - | €0 | -€7,407 | -€5,645 | -€8,476 | ▼ 50.1% |
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
2025
11-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 42 days late
2024
31-12
Financial
Highest result since 2018net €8,750 ▲66.1%
Operating result €9,716, net result €8,750, both a record.
29-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 29 days late
2023
31-12
Financial
Back to profitnet €5,267
Net result €5,267 after one loss-making year.
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 31 days late
2022
29-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 29 days late
2021
31-12
Financial
Back to profitnet €7,619
Net result €7,619 after one loss-making year.
30-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 30 days late
2020
31-12
Financial
Weakest financial yearnet -€28,970
Net result drops to -€28,970, the lowest in the series; recovery starts the following year.
02-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 63 days late
2019
30-09
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 61 days late
2018
30-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 30 days late
2017
30-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 30 days late
2016
23-08
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 23 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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, Oostende · 1 establishment unit since 2001
Ground area
7,356 m²
Building footprint
3,773 m²
Volume, LiDAR
16,286 m³
Parcel 35020B0072/00A002, Flanders · tallest building 9.6 m, ±2 floors. Linked by address, not a title deed.
6
companies at this address
See who is registered here
1 establishment unit
Edward Vlietinckstraat 8, 8400 Oostende
since 20012.093.188.734
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 35020B0072/00A002 | Flanders | 7,356 m² | 1 · 3,773 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.
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This company's figures show no positive equity and no headcount, so a size comparison is not possible. These companies share only the sector and the region. Of 1,513 companies in sector 47540 we hold annual accounts for 806. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company (pre-2019)
Founded18-05-2001
Fiscal year end31-12
Activities, NACEBEL 2025
47540Retail sale of electrical household appliances
46431Wholesale of electrical household appliances and audio-video equipment
77223Rental and leasing activities
Contact
E-invoicing
Reachable via Peppol
Peppol ID
0208:0474839447
Also
9925:BE0474839447
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.