AVOLA
InactiveAVOLA was declared bankrupt on 17-05-2022 (Ondernemingsrechtbank Brussel); the bankruptcy was closed by liquidation by judgment of 21-10-2025, published in the Belgian State Gazette on 29-10-2025.
Summary
Inactive; last annual accounts for fiscal year 2019.
Signals
Three signals. The signal on the left, the evidence on the right.
○neutral
neutral · No filing for years
The last filed financial year closed on 31-12-2019. Since then, 6 financial years are missing. This points to a standstill, not an imminent failure.
NBB · 5 filingsPosition against the passed deadline
31-12-2020 close31-07-2021 deadline30-09-2026 today
neutral · Filed after the deadline
The financial year that closed on 31-12-2019 was due by 31-07-2020 and was filed on 29-09-2020, 60 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
not filed
2023
not filed
2022
not filed
2021
not filed
2020
not filed
2019
60 d late
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its 2019 accounts 60 days after the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
Checked, nothing found (1)
History
Financials · fiscal year 2019, micro schema
Equity
-€65,697▲ 5.2%
2018 · -€69,308
Total assets
€43,327▼ 1.3%
2018 · €43,904
Net result
€3,611
2018 · -€89,781
Working capital
-€95,680▲ 5.7%
2018 · -€101,435
Trend over the years
In euros
In euros
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20182019
Operating result-€89,507-€4,254
Net result-€89,781-€3,611
Equity-€69,308--€65,697▲ 5.2%
Total assets€43,904-€43,327▼ 1.3%
Debt€113,212-€109,024▼ 3.7%
Working capital-€101,435--€95,680▲ 5.7%
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 2019: €4,254 after a loss of €89,507 in 2018.
Balance-sheet composition
2019 in colour, 2018 as the grey bar beneath
Assets €43,327
Fixed assets
€29,983 ▼ 6.7%
Current assets
€13,344 ▲ 13.3%
Key figures and ratios
EBITDA
€12,198▲
2018 · -€80,965
Cash flow
€11,555▲
2018 · -€81,239
Solvency
-151.6%▲
2018 · -157.9%
Current ratio
0.12▲
2018 · 0.10
ROA
8.3%▲
2018 · -204.5%
Debt ≤ 1 year
€109,024▼
2018 · €113,212
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | Change |
|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €8,542 | €7,944 | ▼ 7.0% |
| Gross operating margin9900 | -€71,270 | €29,283 | ▲ 141% |
| Operating profit (loss)9901 | -€89,507 | €4,254 | ▲ 105% |
| Recurring financial income75 | €7 | - | - |
| Recurring financial charges65 | €281 | €643 | ▲ 129% |
| Profit (loss) for the period before taxes9903 | -€89,781 | €3,611 | ▲ 104% |
| Profit (loss) for the period9904 | -€89,781 | €3,611 | ▲ 104% |
| Profit (loss) for the period to be appropriated9905 | -€89,781 | €3,611 | ▲ 104% |
| Line | 2018 | 2019 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €43,904 | €43,327 | ▼ 1.3% |
| Fixed assets21/28 | €32,127 | €29,983 | ▼ 6.7% |
| Tangible fixed assets22/27 | €32,127 | €29,983 | ▼ 6.7% |
| Current assets29/58 | €11,777 | €13,344 | ▲ 13.3% |
| Amounts receivable within one year40/41 | €11,473 | €11,627 | ▲ 1.3% |
| Cash at bank and in hand54/58 | €304 | €1,717 | ▲ 465% |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €43,904 | €43,327 | ▼ 1.3% |
| Equity10/15 | -€69,308 | -€65,697 | ▲ 5.2% |
| Contributions10/11 | €24,400 | €24,400 | = |
| Reserves13 | €36 | €36 | = |
| Profit (loss) carried forward14 | -€93,744 | -€90,133 | ▲ 3.9% |
| Amounts payable17/49 | €113,212 | €109,024 | ▼ 3.7% |
| Amounts payable within one year42/48 | €113,212 | €109,024 | ▼ 3.7% |
| Trade debts44 | €76,495 | €85,616 | ▲ 11.9% |
| Line | 2018 | 2019 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | -€89,781 | €3,611 | ▲ 104% |
| + Depreciation and write-downs630 | €8,542 | €7,944 | ▼ 7.0% |
| Operating cash flow (approximation) | -€81,239 | €11,555 | ▲ 114% |
| Investment in fixed assets (approximation) | - | -€5,800 | - |
| Change in cash | - | €1,413 | - |
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
29-10
Bankruptcy
Bankruptcy closure (by liquidation)
Ondernemingsrechtbank Brussel · event 21-10-2025
2022
23-05
Bankruptcy
Opening
Ondernemingsrechtbank Brussel · event 17-05-2022
2020
29-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 60 days late
2019
31-12
Financial
Back to profitnet €3,611
Net result €3,611 after one loss-making year.
27-11
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 119 days late
2017
05-10
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 66 days late
03-01
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 156 days late
2016
20-04
NBB filing
Annual accounts filed
fiscal year 2014 · abbreviated schema · 264 days late
SignalFinancial 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
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | Stijn VANSCHOUBROEK KEIZER KARELLAAN 586
BUS 9, 1082 SINT-AGATHA-BERCHEM |
17-05-2022 → 21-10-2025 |