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AVOLEDO

Active
Public limited companyfounded 198937 yrs activeBerg van Sint-Job 10, 1180 Ukkel, BelgiumKBO/BCE: BE 0437.754.268
Summary

AVOLEDO has been active since 1989 and the Belgian State Gazette contains no insolvency signals. The CBE does carry 1 administrative register entry (see administrative flags). The 2025 annual accounts show negative equity (-€26,114) and a net result of -€12,124. Equity is shrinking by ~53.1% per year across the filed fiscal years. The computed 12-month bankruptcy probability is 1.5% (low).

Checked score

Score 2025
Axes · tick = 2024
Profitability13▼-1
Solvency15▼-5
Growth32=
Track record92
Bankruptcy probability, 12 months
1.5% Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.01 against 0.02 in 2024; short-term debt: 12% and cash: 0.1% of total assets), and equity is negative.
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Signals

Eight signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · No NACE activity registered
No NACE activity is registered in the KBO, which is more common among companies that later fail.
KBO · activities
raises risk · Higher-failure-rate region
In this region companies fail more often than in the rest of the country.
KBO · registered office
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 37 years 0 40 y
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 2025
Solvency, return and age of the figures
Solvency
-9.9%
Return on assets
-4.6%
Age of the figures
9 mo
lowers risk · Lower-risk legal form
Companies with this legal form statistically fail less often than a BV.
KBO · legal form
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025
Equity per financial year
1819202122232425
2018 to 2025 · latest year -€26,114
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 23-07-2026, 8 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
8 d early
2024
28 d late
2023
29 d late
2022
82 d early
2021
29 d late
2020
208 d late
2019
564 d late
← before the deadline after the deadline →
tick = median of all Belgian filings

This company filed its last 7 accounts on average 110 days after the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.

raises risk · Administrative warnings in the KBO publications
1 publication by the FPS Economy about this company, such as a strike-off for address, accounts or UBO, or its withdrawal.
KBO publications
Publications
Strikeout withdrawal
Checked, nothing found (1)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. Usually files around 28 August (4 of the last 5 filed years within 36 days of that day).
Companies Code · seven months
Position in the running window
30-09-2026 today31-12-2026 close31-07-2027 deadline

History

On 13 June 1989, AVOLEDO was incorporated.1 Total assets went from EUR 355,190 in 2018 to EUR 263,252 in 2025.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2018 and 2025

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Financials · fiscal year 2025, abbreviated schema

Equity
-€26,114▼ 86.7%
2024 · -€13,990
Total assets
€263,252▼ 3.5%
2024 · €272,728
Net result
-€12,124▼ 16.2%
2024 · -€10,430
Working capital
-€31,399▼ 18.9%
2024 · -€26,418
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
Line20212022202320242025
Operating result-€13,970▼ 37.7%-€16,542▼ 18.4%-€14,871▲ 10.1%-€12,174▲ 18.1%-€13,963▼ 14.7%
Net result-€24,360▼ 171%-€23,630▲ 3.0%-€13,109▲ 44.5%-€10,430▲ 20.4%-€12,124▼ 16.2%
Equity€33,179▼ 44.1%€9,549▼ 71.2%-€3,560-€13,990▼ 293%-€26,114▼ 86.7%
Total assets€305,830▼ 8.2%€291,732▼ 4.6%€282,602▼ 3.1%€272,728▼ 3.5%€263,252▼ 3.5%
Debt€227,225▲ 0.3%€238,672▲ 5.0%€244,567▲ 2.5%€247,038▲ 1.0%€251,603▲ 1.8%
Working capital-€678▲ 99.6%-€17,165▼ 2,431%-€23,131▼ 34.8%-€26,418▼ 14.2%-€31,399▼ 18.9%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
-€30,000-€20,000-€10,000€0Operating result 2021: -€13,970-€13,970Net result 2021: -€24,360-€24,360Operating result 2022: -€16,542-€16,542Net result 2022: -€23,630-€23,630Operating result 2023: -€14,871-€14,871Net result 2023: -€13,109-€13,109Operating result 2024: -€12,174-€12,174Net result 2024: -€10,430-€10,430Operating result 2025: -€13,963-€13,963Net result 2025: -€12,124-€12,12420212022202320242025-€15,000-€10,000-€5,000€0Operating result 2023: -€14,871-€14,900Net result 2023: -€13,109-€13,100Operating result 2024: -€12,174-€12,200Net result 2024: -€10,430-€10,400Operating result 2025: -€13,963-€14,000Net result 2025: -€12,124-€12,100202320242025
The operating result stays negative: a loss of €13,963 in 2025 against €12,174 in 2024; the loss grows.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €263,252
Fixed assets €263,049 ▼ 3.3%
Current assets €204 ▼ 67.2%
Key figures and ratios
2025 value · change against 2024
EBITDA
-€4,904▼
2024 · -€3,115
Cash flow
-€3,065▼
2024 · -€1,372
Solvency
-9.9%▼
2024 · -5.1%
Current ratio
0.01▼
2024 · 0.02
Debt to equity
-9.63▲
2024 · -17.66
ROA
-4.6%▼
2024 · -3.8%
Interest coverage
-64.06▼
2024 · -18.10
Debt ≤ 1 year
€31,603▲
2024 · €27,038
Debt > 1 year
€220,000=
2024 · €220,000
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 2,795 companies that looked in July 2024 the way this one looks now, 2.1% went bankrupt within 24 months and 90% are still going.

  • Micro
  • 20 years or older
  • negative equity
  • a small loss
2.1% went bankrupt
6.0% stopped otherwise
90% still going

A further 1.6% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a bankruptcy probability of 1.5% 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 497,340 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.

The companies in ten equal groups, from lowest to highest expected share.
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% 1.0%
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%

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 2,795 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
Filed annual accounts As filed with the NBB · 2025 against 2024 · 38 lines
Balance sheet Code20242025
Assets
Total assets20/58€272,728€263,252▼
Fixed assets21/28€272,107€263,049▼
Tangible fixed assets22/27€272,107€263,049▼
Land and buildings22€272,107€263,049▼
Current assets29/58€620€204▼
Cash at bank and in hand54/58€620€204▼
Equity and liabilities
Total equity and liabilities10/49€272,728€263,252▼
Equity10/15-€13,990-€26,114▼
Contributions10/11€30,987€30,987=
Capital10€30,987€30,987=
Issued capital100€30,987€30,987=
Reserves13€78,536€74,816▼
Non-distributable reserves130/1€1,477€1,477=
Legal reserve130€1,477€1,477=
Tax-exempt reserves132€77,059€73,339▼
Profit (loss) carried forward14-€123,513-€131,917▼
Provisions and deferred taxes16€39,680€37,764▼
Deferred taxes168€39,680€37,764▼
Amounts payable17/49€247,038€251,603▲
Amounts payable after more than one year17€220,000€220,000=
Other amounts payable178/9€220,000€220,000=
Amounts payable within one year42/48€27,038€31,603▲
Trade debts44€2,850€2,306▼
Suppliers440/4€2,850€2,306▼
Other amounts payable47/48€24,189€29,297▲
Income statement Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€9,059€9,059=
Other operating charges640/8€1,816€2,047▲
Gross operating margin9900-€1,299-€2,858▼
Operating profit (loss)9901-€12,174-€13,963▼
Financial charges65/66B€172€77▼
Recurring financial charges65€172€77▼
Profit (loss) for the period before taxes9903-€12,346-€14,040▼
Transfer from deferred taxes780€1,916€1,916=
Profit (loss) for the period9904-€10,430-€12,124▼
Transfer from tax-exempt reserves789€3,720€3,720=
Profit (loss) for the period to be appropriated9905-€6,710-€8,404▼
Appropriation of the result
Profit (loss) to be appropriated9906-€123,513-€131,917▼
Profit (loss) brought forward from the previous period14P-€116,803-€123,513▼

The notes to these accounts (3 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20212022202320242025Change
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630-€9,059€9,059€9,059€9,059=
Other operating charges640/8-€1,858€1,799€1,816€2,047▲ 12.7%
Gross operating margin9900-€13,970-€5,626-€4,013-€1,299-€2,858▼ 120%
Operating profit (loss)9901-€13,970-€16,542-€14,871-€12,174-€13,963▼ 14.7%
Financial charges65/66B€153€4,003€153€172€77▼ 55.5%
Recurring financial charges65€153€4,003€153€172€77▼ 55.5%
Profit (loss) for the period before taxes9903-€14,123-€20,546-€15,024-€12,346-€14,040▼ 13.7%
Transfer from deferred taxes780€3,720€1,916€1,916€1,916€1,916=
Income taxes67/77€13,957€5,000----
Profit (loss) for the period9904-€24,360-€23,630-€13,109-€10,430-€12,124▼ 16.2%
Transfer from tax-exempt reserves789€1,916€3,720€3,720€3,720€3,720=
Profit (loss) for the period to be appropriated9905-€22,444-€19,910-€9,388-€6,710-€8,404▼ 25.2%
Line20212022202320242025Change
Assets
Total assets20/58€305,830€291,732€282,602€272,728€263,252▼ 3.5%
Fixed assets21/28€299,284€290,225€281,166€272,107€263,049▼ 3.3%
Tangible fixed assets22/27€299,284€290,225€281,166€272,107€263,049▼ 3.3%
Land and buildings22€299,284€290,225€281,166€272,107€263,049▼ 3.3%
Current assets29/58€6,546€1,507€1,436€620€204▼ 67.2%
Cash at bank and in hand54/58€1,714€1,507€1,436€620€204▼ 67.2%
Deferred charges and accrued income490/1€4,832-----
Equity and liabilities
Total equity and liabilities10/49€305,830€291,732€282,602€272,728€263,252▼ 3.5%
Equity10/15€33,179€9,549-€3,560-€13,990-€26,114▼ 86.7%
Contributions10/11€30,987€30,987€30,987€30,987€30,987=
Capital10€30,987€30,987€30,987€30,987€30,987=
Issued capital100€30,987€30,987€30,987€30,987€30,987=
Reserves13€89,697€85,977€82,257€78,536€74,816▼ 4.7%
Non-distributable reserves130/1€1,477€1,477€1,477€1,477€1,477=
Legal reserve130€1,477€1,477€1,477€1,477€1,477=
Tax-exempt reserves132€88,220€84,500€80,780€77,059€73,339▼ 4.8%
Profit (loss) carried forward14-€87,505-€107,415-€116,803-€123,513-€131,917▼ 6.8%
Provisions and deferred taxes16€45,427€43,511€41,595€39,680€37,764▼ 4.8%
Deferred taxes168€45,427€43,511€41,595€39,680€37,764▼ 4.8%
Amounts payable17/49€227,225€238,672€244,567€247,038€251,603▲ 1.8%
Amounts payable after more than one year17€220,000€220,000€220,000€220,000€220,000=
Other amounts payable178/9€220,000€220,000€220,000€220,000€220,000=
Amounts payable within one year42/48€7,225€18,672€24,567€27,038€31,603▲ 16.9%
Trade debts44€3,146€726€5,562€2,850€2,306▼ 19.1%
Suppliers440/4€3,146€726€5,562€2,850€2,306▼ 19.1%
Other amounts payable47/48€4,079€17,946€19,005€24,189€29,297▲ 21.1%
Line20212022202320242025Change
Profit (loss) for the period9904-€24,360-€23,630-€13,109-€10,430-€12,124▼ 16.2%
+ Depreciation and write-downs630-€9,059€9,059€9,059€9,059=
Operating cash flow (approximation)-€24,360-€14,571-€4,050-€1,372-€3,065▼ 123%
Investment in fixed assets (approximation)-€0€0€0€0-
Change in cash--€207-€71-€816-€417▲ 48.9%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

Next filing, fiscal year 2026, expected by 31-07-2027
2026
23-07
NBB filing Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
28-08
NBB filing Annual accounts filed
fiscal year 2024 · micro schema · 28 days late
2024
29-08
NBB filing Annual accounts filed
fiscal year 2023 · micro schema · 29 days late
2023
10-05
NBB filing Annual accounts filed
fiscal year 2022 · micro schema
2022
29-08
NBB filing Annual accounts filed
fiscal year 2021 · micro schema · 29 days late
18-03
KBO administration Strikeout withdrawal
event 24-02-2022
24-02
NBB filing Annual accounts filed
fiscal year 2020 · micro schema · 208 days late
15-02
NBB filing Annual accounts filed
fiscal year 2019 · micro schema · 564 days late
15-02
NBB filing Annual accounts filed
fiscal year 2018 · micro schema · 930 days late
15-02
NBB filing Annual accounts filed
fiscal year 2017 · micro schema · 1295 days late
2021
31-12
Financial Weakest financial yearnet -€24,360
Net result drops to -€24,360, the lowest in the series; recovery starts the following year.
2017
31-08
NBB filing Annual accounts filed
fiscal year 2016 · full schema · 31 days late
SignalFinancial 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, Ukkel · 1 establishment unit since 1989
seat establishment The establishment unit on the map
Ground area
1,171 m²
Building footprint
1,111 m²
Volume, LiDAR
18,118 m³
2 parcels, Brussels · tallest building 45.5 m, ±2 floors. Linked by address, not a title deed.
3 companies at this address See who is registered here
1 establishment unit
Louizalaan 475, 1050 Brussel
NACE 451
since 19892.045.078.120
2 parcels
Brussels 2 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
21822R0224/00B008 Brussels 1,042 m² 1 · 1,010 m² 45.5 m · 2 fl.
21612D0273/00A002 Brussels 129 m² 1 · 101 m² 10.0 m · 2 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.

Identification & contact

Identification
Legal formPublic limited company
Founded13-06-1989
Fiscal year end31-12
E-invoicing
Not found in the Peppol register

No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.

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Register as of 30 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.