Equity
€3.2m ▲ 55.0%
Equity rose in 2025: merger with DECORDIER.
AVUS
Lifetime
20 annual accounts with figures on one time axis, 33 filings since 1993peak €1.6m (2019)
€56,303▲ 109%
lowest -€88,896 (2008)
€92,697▲ 5.5%
peak €3.2m (2025)
€3.2m▲ 55.0%
€82,687▲ 185%
peak 1 FTE (2006)
-not published
Board8 names since 2020
5 directorsPhilip Vancaeneghem and 4 others
Owners2 names in the annual accounts
79.63%VAS and 1 other
Documentsfilings and deeds
23-06-202638 days before the deadline
Key points
from the 2025 annual accountsTurnover
≈ €120,000 estimated
The accounts state no turnover.
Debts
€82,687 ▲ 185%
Debts rose by €53,661 in 2025.
Investments
€1.8m 39.3 × depreciation
Green is investment, beige is depreciation.
Filings
33 annual accounts since 1993
The last five annual accounts were filed 34 to 54 days before the end of the period.
Position in the sector
89.2%
Higher solvency than 89% of companies in real estate. Sector median 30.7% · 11,299 companies.
Checked score
98
Excellent
Financially stronger than 83% of small companies in real estate (NACE 68)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
< 0.1% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.1% across 6,995 companies (NACE 68, small).
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: < 0.1%
01-2025: < 0.1%● unchanged vs 12-2024
02-2025: < 0.1%● unchanged vs 01-2025
03-2025: < 0.1%● unchanged vs 02-2025
04-2025: < 0.1%● unchanged vs 03-2025
05-2025: < 0.1%● unchanged vs 04-2025
06-2025: < 0.1%● unchanged vs 05-2025
07-2025: < 0.1%● unchanged vs 06-2025
08-2025: < 0.1%● unchanged vs 07-2025
09-2025: < 0.1%● unchanged vs 08-2025
10-2025: < 0.1%● unchanged vs 09-2025
11-2025: < 0.1%● unchanged vs 10-2025
12-2025: < 0.1%● unchanged vs 11-2025
01-2026: < 0.1%● unchanged vs 12-2025lowest value
02-2026: < 0.1%● unchanged vs 01-2026
03-2026: < 0.1%● unchanged vs 02-2026
04-2026: < 0.1%● unchanged vs 03-2026
05-2026: < 0.1%● unchanged vs 04-2026
06-2026: < 0.1%● unchanged vs 05-2026
07-2026: < 0.1%● unchanged vs 06-2026
08-2026: < 0.1%● unchanged vs 07-2026
09-2026: < 0.1%● unchanged vs 08-2026
10-2026: < 0.1%● unchanged vs 09-2026highest value
11-2026: < 0.1%● unchanged vs 10-2026highest value
Financial strengthStrong
Score breakdown
raises risk
Liquidity: current ratio 26.84, cash €71,342, halved
lowers risk
Size: total assets €3.6m
Figures for financial year 2025 (filed on 23-06-2026)
Founded in 1992
Calculation
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 92% of them on solvency, 73% on liquidity, 77% on profitability and 90% on growth.
The bankruptcy probability was computed on 08-11-2026 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 very low class on 30-06-2025, 0.1% 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).
Comparable companies, two years later
In July 2024, 14,766 companies had the same profile as AVUS has now. Each dot stands for 37 companies, two years later.
96.2%
were still trading
3.5%
stopped another way
0.2%
went bankrupt
Another 0.1% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of AVUS itself: < 0.1% within 12 months.
Test of the method
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 14,766 companies, not a prediction for AVUS. 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.
Credit verdict
Credit of up to €310,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 26.84, above the usual 1.5. Short-term debt is 2.2% and cash 2% of total assets. 10.8% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
lowers riskraises riskneutral
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 23-06-2026, 38 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
38 days early
2024
49 days early
2023
49 days early
2022
34 days early
2021
54 days early
2020
46 days early
2019
30 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 43 days before 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.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 13 June (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
09-11-2026 today31-12-2026 year end31-07-2027 deadline
Board and ownership
- VAS 79.63%score 95equity €6.4m (2025) · 30-09-2025 annual accounts of VAS
- VIM 33.5%score 94equity €151,257 (2025) · 2025 annual accounts of VIM
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0447017075
Merger: AVUS takes over DECORDIER
Appointments: VAN LANCKER, Karina Marie Paule Antoine; VANCAENEGHEM, Anne-Sophie Paule Renée; VANCAENEGHEM, Valerie Marie Iris; VANCAENEGHEM Philip Georges Ernest and Philip VANCAENGHEM (managing director) · “Aanpassen aan nieuwe terminologie; Conform maken met huidige activiteiten” (deed in Dutch) · Capital of €2,107,094.96, 1,203 shares · General meeting of 31-07-2025 · Gazette deed
Merger proposal: AVUS takes over N.V. DECORDIER
Appointment: J.-B. RONSE DE CRAENE & CO (company auditor) · Gazette deed
2 directors appointed, 1 resignation, 1 reappointment
Resignation: VAS (managing director) · Permanent representative: Paula Vandevijver · Appointments: Vajerie Vancaeneghem and Philip Vancaeneghem (managing director) · General meeting of 01-09-2020 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| AVUS Knokke-Heist | €3.6m | €56,303 | 89.2% | - |
| GIMA BEHEER Maaseik | €4.3m | €59,511 | 98.4% | - |
| TAELIMA Lochristi | €4.5m | €88,044 | 67.2% | - |
| HBS Diepenbeek | €5.0m | €75,667 | 18.5% | - |
| BROUGHAM Aalst | €3.6m | €96,800 | 58.1% | - |
| DIAGINVEST Faimes | €4.0m | €32,252 | 99.6% | - |
| S.D.S. CONSULT Ternat | €2.7m | €88,392 | 80.7% | 0.4 |
These companies have the same main activity as AVUS: property management for co-owned buildings (syndics) (NACE 68321). They are comparable in size and age: total assets between €2.7m and €5m, founded between 1987 and 1998.
Official details
Source: KBO- Status
- Active since 24-03-1992Normal situation
- Activity
- Property management for co-owned buildings (syndics)NACE 68321
- Establishment unit
- 2.230.703.0608300 Knokke-Heist, since 24-03-1992
- Financial year end
- 31 December
- Peppol
- Reachable since 28-11-2025
Annual accounts 2025
- €3.6m▲ 71.3%
- Filing
- Filed on 23-06-2026, 38 days before the end of the filing period
Insights on AVUS
AVUS files the abbreviated format. That format states no turnover. The gross margin fell from €185,593 in 2006 to €56,303 in 2025.
The balance sheet grew most from 2023 to 2025 through fixed assets.
VAS holds 79.63% of the shares. In October 2025, the Official Gazette published the appointment of Philip VANCAENGHEM as managing director.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about AVUS
- What is the company number of AVUS?
- The company number of AVUS is 0447.017.075. The VAT number is the same number with BE in front: BE 0447.017.075.
- Where is AVUS based?
- The registered office is at Elizabetlaan 138, 8300 Knokke-Heist.Company details
- What does AVUS do?
- According to the KBO register, the main activity is property management for co-owned buildings (syndics) (NACE 68321).
- What is the legal form of AVUS?
- AVUS is a public limited company (NV).
- When was AVUS founded?
- AVUS was founded on 24-03-1992.
- Is AVUS still active?
- Yes, AVUS is an active enterprise in the KBO register.
- What is the turnover of AVUS?
- The turnover in financial year 2025 is ≈ €120,000. This figure is estimated from the gross margin of €56,303 and 32 comparable companies (NACE 683). It probably lies between €77,000 and €160,000.Financials
- Is AVUS profitable?
- In financial year 2025, AVUS made a profit of €92,697.
- Where can I find the annual accounts of AVUS?
- AVUS filed 33 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of AVUS due?
- AVUS must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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