AVN Technics
ActiveFinancials · financial year 2026, micro format
2026 annual accounts filed 3 days after the deadline Filed on 3 November 2026, deadline 31 October 2026 (7 months after the close on 31 March 2026, Companies Code art. 3:10). Source: NBB, 2026-00599998.
Annual accounts 2026 filed on 03-11-2026 at the NBB all 23 filings
Turnover
≈ €1.1m
Estimated: probably between €830,000 and €1.6m
Total assets
€632,957▲ 14.7%
2025 · €551,893
Net result
€72,733▼ 30.7%
2025 · €104,959
Working capital
€450,378▲ 9.2%
2025 · €412,619
Multi-year overview
2019 to 2026, 8 financial yearsOperating result
€102,109
▼ 19.3%
2026
20192026
Net result
€72,733
▼ 30.7%
2026
20192026
Equity
€474,928
▲ 8.5%
2026
20192026
Total assets
€632,957
▲ 14.7%
2026
20192026
Debt
€158,029
▲ 38.2%
2026
20192026
Working capital
€450,378
▲ 9.2%
2026
20192026
Solvency
75.0%
▼ 4.2pp
2026
20192026
Current ratio
4.13
▼ 2.17
2026
20192026
Return on assets (ROA)
11.5%
▼ 7.5pp
2026
20192026
Staff (FTE)
1
=
2026
20192026
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line20192020202120222023202420252026
Operating result€23,584--€1,732€15,868€20,669▲ 30.3%€27,972▲ 35.3%€23,469▼ 16.1%€126,478▲ 439%€102,109▼ 19.3%
Net result€16,737--€2,073€11,358within the sector's middle half€14,508within the sector's middle half▲ 27.7%€19,244within the sector's middle half▲ 32.6%€15,952within the sector's middle half▼ 17.1%€104,959above the sector's middle half▲ 558%€72,733▼ 30.7%
Equity€278,453-€276,381▼ 0.7%€287,739above the sector's middle half▲ 4.1%€302,247above the sector's middle half▲ 5.0%€316,639above the sector's middle half▲ 4.8%€332,590above the sector's middle half▲ 5.0%€437,550above the sector's middle half▲ 31.6%€474,928▲ 8.5%
Total assets€473,086-€454,520▼ 3.9%€423,813above the sector's middle half▼ 6.8%€438,633above the sector's middle half▲ 3.5%€419,503above the sector's middle half▼ 4.4%€484,486above the sector's middle half▲ 15.5%€551,893above the sector's middle half▲ 13.9%€632,957▲ 14.7%
Debt€194,632-€178,140▼ 8.5%€136,073▼ 23.6%€136,386▲ 0.2%€102,865▼ 24.6%€151,896▲ 47.7%€114,343▼ 24.7%€158,029▲ 38.2%
Working capital€256,565-€223,677▼ 12.8%€240,882above the sector's middle half▲ 7.7%€262,806above the sector's middle half▲ 9.1%€278,954above the sector's middle half▲ 6.1%€285,704above the sector's middle half▲ 2.4%€412,619above the sector's middle half▲ 44.4%€450,378▲ 9.2%
Solvency58.9%-60.8%▲ 1.9pp67.9%above the sector's middle half▲ 7.1pp68.9%above the sector's middle half▲ 1.0pp75.5%above the sector's middle half▲ 6.6pp68.6%above the sector's middle half▼ 6.8pp79.3%above the sector's middle half▲ 10.6pp75.0%▼ 4.2pp
Current ratio2.37-2.39▲ 0.023.38above the sector's middle half▲ 0.993.37above the sector's middle half=4.19above the sector's middle half▲ 0.823.52above the sector's middle half▼ 0.676.30above the sector's middle half▲ 2.784.13▼ 2.17
Return on assets (ROA)3.5%--0.5%▼ 4.0pp2.7%within the sector's middle half▲ 3.1pp3.3%within the sector's middle half▲ 0.6pp4.6%within the sector's middle half▲ 1.3pp3.3%within the sector's middle half▼ 1.3pp19.0%above the sector's middle half▲ 15.7pp11.5%▼ 7.5pp
Staff (FTE)1-1=1=1=1=1=1=1=
above
within
below
The sector band is the middle half of the companies in Retail trade (NACE 47). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.
The operating result for 2026 is 19% lower than in 2025.
Turnover and EBIT margin are not published. The abbreviated or micro format does not require them. The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2026 in colour, 2025 as the grey bar beneath
Assets €632,957
Fixed assets
€38,802 ▼ 36.9%
Current assets
€594,154 ▲ 21.1%
Equity and liabilities €632,957
Equity
€474,928 ▲ 8.5%
Debt
€158,029 ▲ 38.2%
Debt's share of the balance-sheet total rises from 20.7% to 25.0%. Equity and debt are higher.
Key figures and ratios
EBITDA
€124,765▼
2025 · €150,380
Cash flow
€95,390▼
2025 · €128,861
Quick ratio
2.49▼
2025 · 3.75
Debt to equity
0.33▲
2025 · 0.26
ROE
15.3%▼
2025 · 24.0%
Interest coverage
86.25▲
2025 · 39.34
Debt ≤ 1 year
€143,776▲
2025 · €77,815
Debt > 1 year
€14,252▼
2025 · €25,028
Income taxes
€28,531▲
2025 · €18,777
Staff costs
€73,301▲
2025 · €68,610
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Staff
| Item | 31-03-2022 | 31-03-2023 | 31-03-2024 | 31-03-2025 | 31-03-2026 |
|---|---|---|---|---|---|
| Employees at the balance-sheet date | 1 | 1 | 1 | 1 | 1 |
| full-time | 1 | 1 | 1 | 1 | 1 |
| part-time | - | - | 0 | 0 | 0 |
| in full-time equivalents | 1 | 1 | 1 | 1 | 1 |
| Average over the year, in full-time equivalents | 1 | 1 | 1 | 1 | 1 |
| On a permanent contract | 1 | 1 | 1 | 1 | 1 |
Source: social balance sheet in the 2022 to 2026 annual accounts
Investments
| Item | 31-03-2022 | 31-03-2023 | 31-03-2024 | 31-03-2025 | 31-03-2026 |
|---|---|---|---|---|---|
| Tangible fixed assets | €8,636 | €13,896 | €64,583 | - | - |
| Financial fixed assets | - | - | - | - | €0 |
| Depreciation and write-downs of the year | €25,108 | €25,811 | €32,373 | €23,902 | €22,656 |
Source: notes to the 2022 to 2026 annual accounts (statement of fixed assets)
Subsidies and aid
Flemish government
2025 · 1 entry · €251 awarded · €251 paidAnnual accounts
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | - | - | €37,500 | €0 | ▼ 100% |
| Remuneration, social security and pensions62 | - | - | - | €64,808 | €65,530 | €61,996 | €68,610 | €73,301 | ▲ 6.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €15,302 | €23,096 | €22,328 | €25,108 | €25,811 | €32,373 | €23,902 | €22,656 | ▼ 5.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | - | - | - | €8,376 | -€8,376 | - |
| Other operating charges640/8 | - | - | - | €4,865 | €4,971 | €6,132 | €19,673 | €2,234 | ▼ 88.6% |
| Gross operating margin9900 | €105,407 | €88,682 | €104,070 | €115,450 | €124,285 | €123,970 | €247,039 | €191,924 | ▼ 22.3% |
| Operating profit (loss)9901 | €23,584 | -€1,732 | €15,868 | €20,669 | €27,972 | €23,469 | €126,478 | €102,109 | ▼ 19.3% |
| Financial income75/76B | - | - | - | €1,112 | €820 | €948 | €1,081 | €602 | ▼ 44.3% |
| Recurring financial income75 | €629 | €569 | €1,468 | €1,112 | €820 | €948 | €1,081 | €602 | ▼ 44.3% |
| Financial charges65/66B | - | - | - | €639 | €527 | €817 | €3,823 | €1,447 | ▼ 62.2% |
| Recurring financial charges65 | €795 | €756 | €531 | €639 | €527 | €817 | €3,823 | €1,447 | ▼ 62.2% |
| Profit (loss) for the period before taxes9903 | €23,419 | -€1,919 | €16,805 | €21,142 | €28,266 | €23,600 | €123,736 | €101,264 | ▼ 18.2% |
| Income taxes67/77 | €6,681 | €154 | €5,447 | €6,634 | €9,022 | €7,649 | €18,777 | €28,531 | ▲ 51.9% |
| Profit (loss) for the period9904 | €16,737 | -€2,073 | €11,358 | €14,508 | €19,244 | €15,952 | €104,959 | €72,733 | ▼ 30.7% |
| Profit (loss) for the period to be appropriated9905 | €16,737 | -€2,073 | €18,617 | €14,508 | €19,244 | €15,952 | €104,959 | €72,733 | ▼ 30.7% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €473,086 | €454,520 | €423,813 | €438,633 | €419,503 | €484,486 | €551,893 | €632,957 | ▲ 14.7% |
| Fixed assets21/28 | €28,749 | €69,487 | €81,538 | €65,065 | €53,151 | €85,361 | €61,459 | €38,802 | ▼ 36.9% |
| Tangible fixed assets22/27 | €28,749 | €69,487 | €81,538 | €65,065 | €53,151 | €85,361 | €61,459 | €38,802 | ▼ 36.9% |
| Land and buildings22 | - | - | - | €5,430 | €2,715 | €0 | - | - | - |
| Plant, machinery and equipment23 | - | - | - | €1,747 | €2,817 | €1,956 | €1,094 | €626 | ▼ 42.8% |
| Furniture and vehicles24 | - | - | - | €52,339 | €32,026 | €71,397 | €51,941 | €33,338 | ▼ 35.8% |
| Other tangible fixed assets26 | - | - | - | €5,550 | €15,593 | €12,008 | €8,423 | €4,839 | ▼ 42.6% |
| Current assets29/58 | €444,337 | €385,034 | €342,275 | €373,567 | €366,353 | €399,126 | €490,434 | €594,154 | ▲ 21.1% |
| Stocks and contracts in progress3 | €287,035 | €272,008 | €230,282 | €244,796 | €182,888 | €244,434 | €198,470 | €236,126 | ▲ 19.0% |
| Stocks30/36 | - | - | - | €223,196 | €177,808 | €212,511 | €172,112 | €193,626 | ▲ 12.5% |
| Contracts in progress37 | - | - | - | €21,600 | €5,080 | €31,924 | €26,358 | €42,500 | ▲ 61.2% |
| Amounts receivable within one year40/41 | €101,113 | €61,961 | €73,290 | €86,263 | €91,407 | €53,426 | €100,489 | €190,234 | ▲ 89.3% |
| Trade receivables40 | - | - | - | €77,002 | €91,407 | €43,111 | €44,833 | €123,955 | ▲ 176% |
| Other amounts receivable41 | - | - | - | €9,261 | - | €10,315 | €55,656 | €66,279 | ▲ 19.1% |
| Cash at bank and in hand54/58 | €9,690 | €10,564 | €15,134 | €38,374 | €87,180 | €97,480 | €171,906 | €151,340 | ▼ 12.0% |
| Deferred charges and accrued income490/1 | - | - | - | €4,135 | €4,878 | €3,786 | €19,569 | €16,455 | ▼ 15.9% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €473,086 | €454,520 | €423,813 | €438,633 | €419,503 | €484,486 | €551,893 | €632,957 | ▲ 14.7% |
| Equity10/15 | €278,453 | €276,381 | €287,739 | €302,247 | €316,639 | €332,590 | €437,550 | €474,928 | ▲ 8.5% |
| Contributions10/11 | €18,600 | €18,600 | - | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €263,747 | €263,747 | €269,139 | €283,647 | €298,039 | €313,990 | €418,950 | €456,328 | ▲ 8.9% |
| Non-distributable reserves130/1 | - | - | - | €1,860 | €1,860 | €1,860 | €0 | - | - |
| Reserves not available under the articles1311 | - | - | - | €1,860 | €1,860 | €1,860 | €0 | - | - |
| Distributable reserves133 | - | - | - | €281,787 | €296,179 | €312,130 | €418,950 | €456,328 | ▲ 8.9% |
| Profit (loss) carried forward14 | -€3,893 | -€5,966 | - | - | - | €0 | - | €0 | - |
| Amounts payable17/49 | €194,632 | €178,140 | €136,073 | €136,386 | €102,865 | €151,896 | €114,343 | €158,029 | ▲ 38.2% |
| Amounts payable after more than one year17 | €6,860 | €16,783 | €34,307 | €25,625 | €15,466 | €38,474 | €25,028 | €14,252 | ▼ 43.1% |
| Financial debts170/4 | - | - | - | €25,625 | €15,466 | €38,474 | €25,028 | €14,252 | ▼ 43.1% |
| Amounts payable within one year42/48 | €187,772 | €161,357 | €101,393 | €110,761 | €87,399 | €113,422 | €77,815 | €143,776 | ▲ 84.8% |
| Current portion of amounts payable after more than one year42 | - | - | - | €14,404 | €10,766 | €14,572 | €13,446 | €8,096 | ▼ 39.8% |
| Financial debts43 | - | - | - | - | - | €646 | €905 | €0 | ▼ 100% |
| Credit institutions430/8 | - | - | - | - | - | €646 | €905 | €0 | ▼ 100% |
| Trade debts44 | €42,849 | €40,319 | €46,468 | €68,417 | €45,445 | €85,146 | €49,421 | €86,061 | ▲ 74.1% |
| Suppliers440/4 | - | - | - | €68,417 | €45,445 | €85,146 | €49,421 | €86,061 | ▲ 74.1% |
| Taxes, remuneration and social security45 | - | - | - | €9,949 | €13,359 | €13,057 | €14,043 | €14,264 | ▲ 1.6% |
| Taxes450/3 | - | - | - | €3,400 | €6,723 | €3 | €124 | €0 | ▼ 100% |
| Remuneration and social security454/9 | - | - | - | €6,549 | €6,635 | €13,054 | €13,920 | €14,264 | ▲ 2.5% |
| Other amounts payable47/48 | - | - | - | €17,991 | €17,830 | €0 | - | €35,355 | - |
| Accrued charges and deferred income492/3 | - | - | - | - | - | - | €11,500 | €0 | ▼ 100% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €16,737 | -€2,073 | €11,358 | €14,508 | €19,244 | €15,952 | €104,959 | €72,733 | ▼ 30.7% |
| + Depreciation and write-downs630 | €15,302 | €23,096 | €22,328 | €25,108 | €25,811 | €32,373 | €23,902 | €22,656 | ▼ 5.2% |
| Operating cash flow (approximation) | €32,040 | €21,024 | €33,686 | €39,616 | €45,054 | €48,325 | €128,861 | €95,390 | ▼ 26.0% |
| Investment in fixed assets (approximation) | - | -€63,834 | -€34,379 | -€8,636 | -€13,896 | -€64,583 | €0 | €0 | - |
| Change in cash | - | €874 | €4,570 | €23,239 | €48,806 | €10,300 | €74,426 | -€20,566 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 31,368 companies had the same profile as AVN Technics has now. Two years later, 93.5% were still going and 0.5% had gone bankrupt.
- Micro
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
93.5%
was still going
5.9%
stopped otherwise
0.5%
went bankrupt
Another 0.1% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of AVN Technics itself: < 0.1% within 12 months.
Test of the method
The method was tested on the 497,446 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 31,368 companies, not a prediction for AVN Technics. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Latest 10 of 23 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-03-2026 | micro format | 03-11-2026 | 2026-00599998 | |
| 31-03-2025 | micro format | 31-10-2025 | 2025-00557079 | |
| 31-03-2024 | micro format | 31-10-2024 | 2024-00522401 | |
| 31-03-2023 | micro format | 06-09-2023 | 2023-00440715 | |
| 31-03-2022 | micro format | 07-09-2022 | 2022-20428141 | |
| 31-03-2021 | micro format | 07-09-2021 | 2021-66600252 | |
| 31-03-2020 | micro format | 07-09-2020 | 2020-51300396 | |
| 31-03-2019 | abbreviated format | 03-09-2019 | 2019-61900108 | |
| 31-03-2018 | abbreviated format | 04-09-2018 | 2018-61100238 | |
| 31-03-2017 | abbreviated format | 05-09-2017 | 2017-60000085 |