Turnover
The accounts state no turnover.
The accounts state no turnover.
Of this, €364,210 falls due within a year.
Green is investment, beige is depreciation.
The 2024 accounts came 306 days late. The other nine of the last ten were filed on time.
Higher net result than 81% of companies in real estate. Sector median €5,986 · 17,185 companies.
The dashed line is the sector median: 0.1% across 6,995 companies (NACE 68, small).
About 8 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 68, small). It does better than 25% of them on solvency, 53% on liquidity, 50% on profitability and 79% on growth.
The bankruptcy probability was computed on 09-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the low class on 30-06-2025, 0.8% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
In July 2024, 1,448 companies had the same profile as AVP IMMO has now. Each dot stands for 4 companies, two years later.
Another 0.3% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of AVP IMMO itself: 0.8% within 12 months.
The method was tested on the 497,447 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 1,448 companies, not a prediction for AVP IMMO. 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.
Liquidity is ample, with a current ratio of 3.57 (3.37 in 2024), above the usual 1.5. Short-term debt is 7.6% and cash 0% of total assets. However, 92.7% of the assets are financed with debt and provisions.
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
The company filed its last 7 accounts on average 13 days after the deadline. In the sector (NACE 68), the median for financial year 2024 was 7 days before the deadline, and 36% of those companies filed late.
| Company | ||||
|---|---|---|---|---|
| AVP IMMO Brussels | €4.8m | €502,393 | 7.3% | - |
| VDB CAPITAL INVEST Ixelles | €4.1m | €458,552 | 42.5% | 2 |
| VANDERHALLEN IMMO Maasmechelen | €4.6m | €443,764 | 53.1% | - |
| BTL IMMO Wielsbeke | €4.2m | €399,092 | 15.2% | - |
| IMMO STOKTEVIJVER Lievegem | €3.8m | €530,401 | 22.6% | - |
| IMMALVAIN Mont-Saint-Guibert | €3.7m | €457,154 | 23.6% | - |
| HAPILY Ypres | €3.7m | €513,113 | 50.5% | - |
These companies have the same main activity as AVP IMMO: buying and selling of own real estate (NACE 68110). They are comparable in size and age: total assets between €3.7m and €4.6m, founded between 2013 and 2015.
AVP IMMO files the micro format. That format states no turnover. The gross margin rose from €437,298 in 2015 to €502,393 in 2025.
The balance sheet grew most in 2022 through fixed assets, financed with long-term debt.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
The turnover shown is an estimate from the gross margin.
Turnover ≈ €880,000. Estimated: probably between €660,000 and €1.5m.
Higher than 30% of 17,194 companies in 2025.
Higher than 80% of 16,491 companies in 2025.
Higher than 46% of 16,870 companies in 2025.
Net result: top quarter · Equity: top quarter · Balance sheet total: top quarter · Working capital: top quarter
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | ||||||||||||
20/58 |
4.8m | 5.1m | 5.2m | 6.2m | 1.2m | 1.3m | 1.6m | 1.8m | 2.4m | 2.1m | 2.1m | |
21/28 |
3.5m | 3.7m | 3.9m | 4.0m | 1.1m | 1.2m | 1.5m | 1.6m | 2.2m | 1.9m | - | |
22/27 |
3.5m | 3.7m | 3.9m | 4.0m | 1.1m | 1.2m | 1.3m | 1.5m | 2.0m | 1.7m | 1.6m | |
22 |
3.2m | 3.3m | 3.4m | 3.6m | 598,098 | 645,917 | 704,956 | 764,806 | 1.3m | 1.4m | 1.5m | |
23 |
282,676 | 393,289 | 427,274 | 443,707 | 460,317 | 547,893 | 612,916 | 699,539 | 662,521 | 245,310 | 136,604 | |
24 |
11,879 | 17,159 | 22,439 | 7,694 | - | - | - | 181 | 3,860 | 5,207 | 725 | |
28 |
- | - | 0 | 37,500 | 37,500 | 37,500 | 150,000 | 150,000 | 150,000 | 176,718 | 62,244 | |
29/58 |
1.3m | 1.3m | 1.3m | 2.1m | 80,009 | 89,063 | 93,141 | 157,858 | 247,924 | 269,021 | 385,819 | |
40/41 |
202,790 | 97,432 | 2,858 | 623,640 | 7,130 | 12,850 | 13,521 | 13,661 | 10,279 | 40,341 | 116,310 | |
40 |
454 | 50 | 0 | 2,250 | 7,130 | 7,990 | 8,661 | 8,661 | 5,279 | 35,341 | 74,647 | |
41 |
202,336 | 97,382 | 2,858 | 621,390 | 0 | 4,860 | 4,860 | 5,000 | 5,000 | 5,000 | 41,663 | |
54/58 |
0 | 22,500 | 0 | 21,336 | - | - | - | 3,266 | 2,391 | - | 5,563 | |
490/1 |
1.1m | 1.2m | 1.3m | 1.5m | 72,879 | 76,213 | 79,620 | 140,930 | 235,253 | 228,680 | 263,946 | |
| Balance sheet: equity and liabilities | ||||||||||||
10/49 |
4.8m | 5.1m | 5.2m | 6.2m | 1.2m | 1.3m | 1.6m | 1.8m | 2.4m | 2.1m | 2.1m | |
10/15 |
350,355 | 301,076 | 227,086 | 231,935 | 221,957 | 201,229 | 353,816 | 354,625 | 92,377 | 115,359 | 140,353 | |
10/11 |
19,025 | 19,025 | 19,025 | 19,025 | 19,025 | 19,025 | 19,025 | 19,025 | 19,025 | 19,025 | - | |
10 |
- | - | - | - | - | - | - | - | - | - | 19,025 | |
100 |
- | - | - | - | - | - | 31,425 | 31,425 | 31,425 | 31,425 | 31,425 | |
101 |
- | - | - | - | - | - | 12,400 | 12,400 | 12,400 | 12,400 | 12,400 | |
13 |
3,142 | 3,142 | 3,142 | 3,142 | 115,359 | 115,359 | 115,359 | 115,359 | 113,499 | 113,499 | 113,498 | |
130/1 |
3,142 | 3,142 | 3,142 | 3,142 | 3,142 | 3,142 | - | - | - | - | - | |
130 |
- | - | - | - | - | - | 3,142 | 3,142 | 1,282 | 1,282 | 1,282 | |
1311 |
3,142 | 3,142 | 3,142 | 3,142 | 3,142 | 3,142 | - | - | - | - | - | |
132 |
- | - | - | - | - | - | - | - | - | 26,718 | 112,216 | |
133 |
- | - | - | 0 | 112,216 | 112,216 | 112,216 | 112,216 | 112,216 | 85,498 | - | |
14 |
328,188 | 278,909 | 204,918 | 209,768 | 87,573 | 66,846 | 219,433 | 220,242 | -40,147 | -17,164 | 7,830 | |
17/49 |
4.4m | 4.8m | 5.0m | 5.9m | 953,967 | 1.1m | 1.2m | 1.4m | 2.3m | 2.0m | 2.0m | |
17 |
4.1m | 4.4m | 4.6m | 4.8m | 790,271 | 811,307 | 832,343 | 940,578 | 1.5m | 1.3m | 1.4m | |
170/4 |
4.1m | 4.4m | 4.6m | 4.8m | 790,271 | 811,307 | 832,343 | 940,578 | 1.5m | 1.3m | 1.4m | |
42/48 |
364,210 | 400,149 | 419,793 | 1.1m | 161,696 | 305,837 | 372,853 | 474,306 | 780,060 | 704,862 | 574,434 | |
42 |
307,242 | 311,216 | 301,218 | 293,787 | 84,145 | 84,145 | 84,145 | 87,087 | 172,182 | 207,115 | 213,437 | |
43 |
30,000 | 30,000 | 0 | 620,000 | - | - | - | - | - | - | 7,623 | |
430/8 |
30,000 | 30,000 | 0 | 620,000 | - | - | - | - | - | - | 7,623 | |
44 |
14,696 | 13,670 | 12,839 | 66,318 | 26,108 | 15,189 | 34,950 | 4,705 | 14,566 | 11,678 | 122,918 | |
440/4 |
14,696 | 13,670 | 12,839 | 66,318 | 26,108 | 15,189 | 34,950 | 4,705 | 14,566 | 11,678 | 122,918 | |
46 |
0 | 32,309 | - | - | - | - | - | - | - | - | - | |
45 |
5,822 | 6,504 | - | - | 0 | 17,343 | 76,098 | 76,098 | - | 1,500 | - | |
450/3 |
5,822 | 6,504 | - | - | 0 | 17,343 | 76,098 | 76,098 | - | 1,500 | - | |
47/48 |
6,450 | 6,450 | 105,736 | 99,238 | 51,444 | 189,160 | 177,660 | 306,416 | 593,313 | 484,569 | 230,456 | |
492/3 |
5,281 | 5,081 | 6,906 | 2,000 | 2,000 | 2,000 | 2,000 | 2,875 | 2,000 | 2,000 | 4,000 | |
| Income statement | ||||||||||||
9900 |
502,393 | 530,249 | 452,713 | 399,537 | 213,669 | 162,091 | 223,954 | 566,124 | 229,458 | 174,083 | 437,298 | |
62 |
- | - | - | - | - | - | - | - | - | 4,334 | - | |
630 |
260,950 | 254,282 | 250,948 | 286,409 | 146,004 | 165,662 | 174,854 | 186,576 | 164,592 | 115,257 | 343,040 | |
640/8 |
25,899 | 30,407 | 27,707 | 64,950 | 34,632 | 21,289 | 20,241 | 12,739 | 14,743 | 8,538 | 17,447 | |
66A |
- | 0 | 39,750 | 2,250 | - | 112,500 | - | - | 9,999 | - | - | |
9901 |
215,544 | 245,561 | 134,308 | 45,928 | 33,033 | -24,860 | 28,858 | 366,809 | 40,123 | 45,955 | -1,371 | |
75/76B |
109 | 45 | 1 | 51 | - | - | - | 58 | - | 8,902 | - | |
75 |
109 | 45 | 1 | 51 | - | - | - | 58 | - | 8,902 | 22,738 | |
65/66B |
130,553 | 135,111 | 139,159 | 36,000 | 12,305 | 127,356 | 29,667 | 30,516 | 64,521 | 86,396 | - | |
65 |
130,553 | 135,111 | 139,159 | 36,000 | 12,305 | 14,856 | 29,667 | 30,516 | 64,521 | 86,396 | 31,721 | |
66B |
- | - | - | - | 0 | 112,500 | - | - | - | - | - | |
9903 |
85,101 | 110,494 | -4,850 | 9,979 | 20,728 | -152,217 | -809 | 336,352 | -24,398 | -31,539 | -10,354 | |
67/77 |
35,822 | 36,504 | - | - | 0 | 370 | - | 74,104 | -1,416 | -6,545 | 30,016 | |
9904 |
49,278 | 73,991 | -4,850 | 9,979 | 20,728 | -152,587 | -809 | 262,248 | -22,983 | -24,994 | -40,370 | |
9905 |
49,278 | 73,991 | -4,850 | 9,979 | 20,728 | -152,587 | -809 | 262,248 | -22,983 | -24,994 | -40,370 | |
| Appropriation of the result | ||||||||||||
9906 |
328,188 | 278,909 | 204,918 | 97,552 | 87,573 | 66,846 | 219,433 | 222,102 | -40,147 | -17,164 | 7,830 | |
14P |
278,909 | 204,918 | 209,768 | 87,573 | 66,846 | - | - | - | - | - | 48,200 | |
791/2 |
- | - | 0 | 112,216 | - | - | - | - | - | - | - | |
691/2 |
- | - | - | - | - | - | - | 1,860 | - | - | - | |
6920 |
- | - | - | - | - | - | - | 1,860 | - | - | - | |
| Social balance sheet | ||||||||||||
9087 |
- | - | - | - | - | - | - | - | - | - | 1 | |
| Document | ||||||||||||
The notes to these accounts have 8 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the filed accounts (PDF).
Source: Annual accounts 2025 (PDF), filed on 10-06-2026.
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 10-06-2026 | 2026-00149448 | |
| 31-12-2024 | micro format | 02-06-2026 | 2026-00130891 | |
| 31-12-2023 | micro format | 25-06-2024 | 2024-00157428 | |
| 31-12-2022 | full format | 20-06-2023 | 2023-00137936 | |
| 31-12-2021 | full format | 28-06-2022 | 2022-20098725 | |
| 31-12-2020 | full format | 07-06-2021 | 2021-17400413 | |
| 31-12-2019 | full format | 31-07-2020 | 2020-36800348 | |
| 31-12-2018 | full format | 30-07-2019 | 2019-39700315 | |
| 31-12-2017 | full format | 31-07-2018 | 2018-40000470 | |
| 31-12-2016 | full format | 28-07-2017 | 2017-36700225 | |
| 31-12-2015 | full format | 29-07-2016 | 2016-36800365 |
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 476,494 | 499,842 | 385,256 | 332,337 | 179,037 | 140,801 | 203,712 | 553,385 | 204,715 | 161,211 | 341,669 | ||
| 310,228 | 328,272 | 246,098 | 296,388 | 166,732 | 13,075 | 174,045 | 448,824 | 141,610 | 90,263 | 302,670 | ||
| 14,904 | 84,864 | 141,834 | 3.2m | 10,608 | 41,600 | 28,200 | 329,274 | 495,727 | 293,478 | 3.6m | ||
| -22,500 | 22,500 | -21,336 | - | - | - | - | 875 | - | - | - | ||
| 936,357 | 948,075 | 914,340 | 1.0m | -81,687 | -216,774 | -279,713 | -316,448 | -532,136 | -435,840 | -188,615 | ||
| 7.3% | 5.9% | 4.3% | 3.8% | 18.9% | 15.2% | 22.7% | 20.0% | 3.8% | 5.4% | 6.7% | ||
| 3.57 | 3.37 | 3.18 | 1.95 | 0.49 | 0.29 | 0.25 | 0.33 | 0.32 | 0.38 | 0.67 | ||
| 12.64 | 15.85 | 22.03 | 25.56 | 4.30 | 5.56 | 3.41 | 4.00 | 25.02 | 17.38 | 13.92 | ||
| 14.1% | 24.6% | -2.1% | 4.3% | 9.3% | -75.8% | -0.2% | 74.0% | -24.9% | -21.7% | -28.8% | ||
| 1.0% | 1.5% | -0.1% | 0.2% | 1.8% | -11.6% | -0.1% | 14.8% | -1.0% | -1.2% | -1.9% | ||
| 3.65 | 3.70 | 2.77 | 9.23 | 14.55 | - | - | - | - | - | 10.77 |
EBIT margin: not included in this filing.
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Debts secured on the company's own assets | - | - | - | €5.1m | - |
| Carrying value of the other pledged assets | €3.2m | €3.3m | €3.4m | €3.6m | €598,097 |
Source: notes to the 2021 to 2025 annual accounts (statement of debts and off-balance-sheet rights and commitments)
| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Tangible fixed assets | €14,904 | €84,864 | €141,834 | €3.2m | €10,608 |
| €260,950 | €254,282 | €250,948 | €286,409 | €146,004 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
The operating result for 2025 is 12% lower than in 2024.
Debt's share of the balance-sheet total falls from 94.1% to 92.7%. Equity is higher and debt is lower.
Source: list of holdings in its own 2020 accounts. Every holding stands with its own latest accounts.
| E.V.B. Management
registered office since 01-01-2012 · founded in 2012 |
total assets €3.6m (2025) 0842.482.810 |
| AVP
registered office since 21-05-2014 · founded in 2014 |
24 FTE (2025) 0552.982.053 |
| CONFERENCE INTERPRETERS INTERNATIONAL
registered office since 16-01-2010 · founded in 2010 |
1.8 FTE (2025) 0822.478.638 |
| RENOVA-RIF
establishment since 12-07-2021 · founded in 2021 |
total assets €37,944 (2025) 0771.289.956 |
| AVP FIN
registered office since 01-12-2015 |
founded in 2015 0642.957.372 |
| Name | 2016 | 2017 | 2018 | 2019 | 2020 |
|---|---|---|---|---|---|
| LES FILLES PLAISIRS CULINAIRES | 25% | 12% | |||
Source: list of holdings in its own accounts
The connected companies are in the list below.
Deadline for the 2026 accounts: 31-07-2027
Financial milestones sit on the financial year-end date, not the filing date.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
| Establishment | Since | Unit number |
|---|---|---|
| Charles Demeerstraat 19 registered office 1020 Brussels | 24-02-2015 | 2.240.122.453 |
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 21815D0329/00R004 | 864 m² | 1 · 860 m² | 17.3 m · 3 |
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