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AVS BUILDING

Active
Private limited companyfounded 20233 yrs activeRue des Remparts 6/B, 6600 Bastogne, BelgiumKBO/BCE: BE 0799.200.717
Summary

AVS BUILDING has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €35,081 and a net result of €26,671. Its solvency ranks better than 33% of 19375 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 1.0% (low).

Checked score

Score 2024
59 / 100
Fair
A confirmed filing finding caps the score. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability80▼-20
Solvency37▼-43
Growth78
Track record94
Bankruptcy probability, 12 months
1.0% Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2,000 at 30 days only on tighter terms
Liquidity short (current ratio 0.99 against 1.3 in 2023; short-term debt: 61.1% and cash: 26.8% of total assets), and 88% of the assets are financed with debt.
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Signals

Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 3 years 0 10 y
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Real estate activities (NACE 68)
about 43% fewer bankruptcies
← fewer bankruptcies more bankruptcies →
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 2024
Solvency, return and age of the figures
Solvency
12%
Return on assets
9.1%
Age of the figures
21 mo
raises risk · Higher-failure-rate region
In this region companies fail more often than in the rest of the country.
KBO · registered office
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 07-11-2025, 99 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 2 filings
Deviation from the deadline
2025
not confirmed
2024
99 d late
2023
89 d late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 2 accounts on average 94 days after the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 36% of the sector filed late.

Checked, nothing found (1)
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

On 6 March 2023, AVS BUILDING was incorporated as a Private limited company.1 The company has filed 2 sets of annual accounts, the latest for fiscal year 2024.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2024

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Financials · fiscal year 2024, micro schema

Equity
€35,081▲ 317%
2023 · €8,410
Total assets
€291,499▲ 1,799%
2023 · €15,353
Net result
€26,671▲ 217%
2023 · €8,410
Working capital
-€977
2023 · €2,060
Trend over the years

Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 68, Real estate activities, 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
Line20232024
Operating result€11,241-€46,792▲ 316%
Net result€8,410within the sector's middle half-€26,671within the sector's middle half▲ 217%
Equity€8,410below the sector's middle half-€35,081within the sector's middle half▲ 317%
Total assets€15,353below the sector's middle half-€291,499within the sector's middle half▲ 1,799%
Debt€6,943-€204,227▲ 2,841%
Working capital€2,060within the sector's middle half--€977within the sector's middle half
Solvency54.8%within the sector's middle half-12.0%within the sector's middle half▼ 42.7pp
Current ratio1.30within the sector's middle half-0.99within the sector's middle half▼ 0.30
Return on assets (ROA)54.8%above the sector's middle half-9.1%above the sector's middle half▼ 45.6pp
above within below the middle half (P25 to P75) of NACE 68, Real estate activities, 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
€0€20,000€40,000Operating result 2023: €11,241€11,241Net result 2023: €8,410€8,410Operating result 2024: €46,792€46,792Net result 2024: €26,671€26,67120232024€0€20,000€40,000Operating result 2023: €11,241€11,200Net result 2023: €8,410€8,410Operating result 2024: €46,792€46,800Net result 2024: €26,671€26,70020232024
The operating result rises in 2024; 2024 is 316% above 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €291,499
Fixed assets €114,319 ▲ 1,700%
Current assets €177,180 ▲ 1,868%
Equity and liabilities €291,499
Equity €35,081 ▲ 317%
Provisions €52,191
Debt €204,227 ▲ 2,841%
Debt's share of the balance-sheet total rises from 45.2% to 70.1%. Equity and debt are higher.
Key figures and ratios
2024 value · change against 2023
EBITDA
€63,656▲
2023 · €11,513
Cash flow
€43,535▲
2023 · €8,682
Debt to equity
5.82▲
2023 · 0.83
ROE
76.0%▼
2023 · 100.0%
Interest coverage
15.67▼
2023 · 411.18
Debt ≤ 1 year
€178,157▲
2023 · €6,943
Debt > 1 year
€26,070
Income taxes
€16,059▲
2023 · €2,803
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 7,976 companies that looked in July 2024 the way this one looks now, 3.1% went bankrupt within 24 months and 94% are still going.

  • Micro
  • 2 to 5 years old
  • solvency 10 to 30%
  • a profit of 5% of the balance sheet or more
3.1% went bankrupt
1.6% stopped otherwise
94% still going

A further 1.0% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a bankruptcy probability of 1.0% 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%.

The companies in ten equal groups, from lowest to highest expected share.
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 7,976 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 · 2024 against 2023 · 41 lines
Balance sheet Code20232024
Assets
Total assets20/58€15,353€291,499▲
Fixed assets21/28€6,350€114,319▲
Tangible fixed assets22/27€6,350€114,319▲
Plant, machinery and equipment23€1,852€1,352▼
Furniture and vehicles24€4,498€112,967▲
Current assets29/58€9,003€177,180▲
Amounts receivable within one year40/41€3,317€97,438▲
Trade receivables40€1,000€82,807▲
Other amounts receivable41€2,317€14,631▲
Cash at bank and in hand54/58€5,686€78,064▲
Deferred charges and accrued income490/1-€1,678
Equity and liabilities
Total equity and liabilities10/49€15,353€291,499▲
Equity10/15€8,410€35,081▲
Profit (loss) carried forward14€8,410€35,081▲
Provisions and deferred taxes16-€52,191
Provisions for liabilities and charges160/5-€52,191
Other liabilities and charges164/5-€52,191
Amounts payable17/49€6,943€204,227▲
Amounts payable after more than one year17-€26,070
Financial debts170/4-€26,070
Amounts payable within one year42/48€6,943€178,157▲
Current portion of amounts payable after more than one year42-€11,842
Trade debts44€763€137,188▲
Suppliers440/4€763€137,188▲
Taxes, remuneration and social security45€2,803€21,059▲
Taxes450/3€2,803€17,059▲
Remuneration and social security454/9-€4,000
Other amounts payable47/48€3,377€8,068▲
Income statement Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€272€16,864▲
Provisions for liabilities and charges: additions (uses and reversals)635/8-€52,191
Other operating charges640/8€385€8,706▲
Gross operating margin9900€11,898€124,553▲
Operating profit (loss)9901€11,241€46,792▲
Financial charges65/66B€28€4,062▲
Recurring financial charges65€28€4,062▲
Profit (loss) for the period before taxes9903€11,213€42,730▲
Income taxes67/77€2,803€16,059▲
Profit (loss) for the period9904€8,410€26,671▲
Profit (loss) for the period to be appropriated9905€8,410€26,671▲
Appropriation of the result
Profit (loss) to be appropriated9906€8,410€35,081▲
Profit (loss) brought forward from the previous period14P-€8,410

The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20232024Change
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€272€16,864▲ 6,100%
Provisions for liabilities and charges: additions (uses and reversals)635/8-€52,191-
Other operating charges640/8€385€8,706▲ 2,161%
Gross operating margin9900€11,898€124,553▲ 947%
Operating profit (loss)9901€11,241€46,792▲ 316%
Financial charges65/66B€28€4,062▲ 14,407%
Recurring financial charges65€28€4,062▲ 14,407%
Profit (loss) for the period before taxes9903€11,213€42,730▲ 281%
Income taxes67/77€2,803€16,059▲ 473%
Profit (loss) for the period9904€8,410€26,671▲ 217%
Profit (loss) for the period to be appropriated9905€8,410€26,671▲ 217%
Line20232024Change
Assets
Total assets20/58€15,353€291,499▲ 1,799%
Fixed assets21/28€6,350€114,319▲ 1,700%
Tangible fixed assets22/27€6,350€114,319▲ 1,700%
Plant, machinery and equipment23€1,852€1,352▼ 27.0%
Furniture and vehicles24€4,498€112,967▲ 2,411%
Current assets29/58€9,003€177,180▲ 1,868%
Amounts receivable within one year40/41€3,317€97,438▲ 2,838%
Trade receivables40€1,000€82,807▲ 8,181%
Other amounts receivable41€2,317€14,631▲ 531%
Cash at bank and in hand54/58€5,686€78,064▲ 1,273%
Deferred charges and accrued income490/1-€1,678-
Equity and liabilities
Total equity and liabilities10/49€15,353€291,499▲ 1,799%
Equity10/15€8,410€35,081▲ 317%
Profit (loss) carried forward14€8,410€35,081▲ 317%
Provisions and deferred taxes16-€52,191-
Provisions for liabilities and charges160/5-€52,191-
Other liabilities and charges164/5-€52,191-
Amounts payable17/49€6,943€204,227▲ 2,841%
Amounts payable after more than one year17-€26,070-
Financial debts170/4-€26,070-
Amounts payable within one year42/48€6,943€178,157▲ 2,466%
Current portion of amounts payable after more than one year42-€11,842-
Trade debts44€763€137,188▲ 17,880%
Suppliers440/4€763€137,188▲ 17,880%
Taxes, remuneration and social security45€2,803€21,059▲ 651%
Taxes450/3€2,803€17,059▲ 509%
Remuneration and social security454/9-€4,000-
Other amounts payable47/48€3,377€8,068▲ 139%
Line20232024Change
Profit (loss) for the period9904€8,410€26,671▲ 217%
+ Depreciation and write-downs630€272€16,864▲ 6,100%
Operating cash flow (approximation)€8,682€43,535▲ 401%
Investment in fixed assets (approximation)--€124,833-
Change in cash-€72,378-

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

2025
07-11
NBB filing Annual accounts filed
fiscal year 2024 · micro schema · 99 days late
2024
28-10
NBB filing Annual accounts filed
fiscal year 2023 · micro schema · 89 days late
NBB filing
0 of 2 acts read
About the unread acts

We know of 2 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
2 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, Bastogne · 1 establishment unit since 2023
seat establishment The establishment unit on the map
Ground area
213 m²
Building footprint
196 m²
Volume, LiDAR
2,270 m³
Parcel 82302B0242/00M002, Wallonia · tallest building 15.7 m, ±5 floors. Linked by address, not a title deed.
1 establishment unit
AVS BUILDING
Rue des Remparts 6, 6600 BastogneConstruction of residential and non-residential buildings
since 20232.349.058.797
1 parcel
Wallonia 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
82302B0242/00M002 Wallonia 213 m² 1 · 196 m² 15.7 m · 5 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.

Similar companies · same sector, comparable size

Of 9,699 companies in sector 68121 we hold annual accounts for 7,394. 4,691 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector

Identification & contact

Identification
Legal formPrivate limited company
Founded06-03-2023
Fiscal year end31-12
Activities, NACEBEL 2025
68121Development of residential building projects
68122Development of non-residential building projects
E-invoicing
Reachable via Peppol
Peppol ID 0208:0799200717
Also 9925:BE0799200717
Registered 13-10-2025

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.