AVVISION
ActiveSummary
AVVISION has been active since 1998 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €526,115 and a net result of €89,982. Equity is growing by ~6.9% per year across the filed fiscal years. Its solvency ranks better than 37% of 8737 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability77▲+23
Solvency62▲+4
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €35,000 at 30 days acceptable
Liquidity short (current ratio 0.58 against 0.32 in 2024; short-term debt: 28.9% and cash: 1.7% of total assets), and 62.5% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
37.5%
Return on assets
6.4%
Age of the figures
18 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2025 was due by 31-10-2025 and was filed on 21-10-2025, 10 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
10 d early
2024
336 d late
2023
65 d late
2022
98 d early
2021
46 d early
2020
124 d early
2019
17 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 15 days after the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 32% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-03-2026 and is due by 31-10-2026. Nothing is late today.
Companies Code · seven monthsPosition in the running window
31-03-2026 close27-09-2026 today31-10-2026 deadline
History
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Financials · fiscal year 2025, abbreviated schema
Equity
€526,115▲ 20.6%
2024 · €436,133
Total assets
€1.4m▲ 5.9%
2024 · €1.3m
Net result
€89,982
2024 · -€6,527
Working capital
-€168,637▲ 31.5%
2024 · -€246,099
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€99,918▲ 49.9%€23,003▼ 77.0%€43,131▲ 87.5%€18,901▼ 56.2%€177,723▲ 840%
Net result€59,416▲ 59.5%€5,360▼ 91.0%€15,199▲ 184%-€6,527€89,982
Equity€422,101▲ 16.4%€427,461▲ 1.3%€442,660▲ 3.6%€436,133▼ 1.5%€526,115▲ 20.6%
Total assets€1.5m▲ 25.5%€1.4m▼ 4.1%€1.4m▼ 6.5%€1.3m▼ 2.1%€1.4m▲ 5.9%
Debt€1.1m▲ 30.9%€990,850▼ 6.2%€883,451▼ 10.8%€862,953▼ 2.3%€853,258▼ 1.1%
Working capital-€61,498▲ 85.5%-€352,072▼ 472%-€376,836▼ 7.0%-€246,099▲ 34.7%-€168,637▲ 31.5%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 840% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.4m
Fixed assets
€1.2m ▼ 3.5%
Current assets
€237,145 ▲ 104%
Equity and liabilities €1.4m
Equity
€526,115 ▲ 20.6%
Provisions
€25,152 ▼ 6.5%
Debt
€853,258 ▼ 1.1%
Debt's share of the balance-sheet total falls from 65.1% to 60.8%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€253,857▲
2024 · €104,036
Cash flow
€166,116▲
2024 · €78,608
Current ratio
0.58▲
2024 · 0.32
Debt to equity
1.62▼
2024 · 1.98
ROE
17.1%▲
2024 · -1.5%
ROA
6.4%▲
2024 · -0.5%
Interest coverage
10.25▲
2024 · 4.31
Debt ≤ 1 year
€405,782▲
2024 · €362,207
Debt > 1 year
€397,937▼
2024 · €468,233
Income taxes
€67,357▲
2024 · €4,493
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 20,082 companies that looked in July 2024 the way this one looks now, 0.2% went bankrupt within 24 months and 95% are still going.
- Small
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.2%
went bankrupt
4.7%
stopped otherwise
95%
still going
For this company itself Checked computes a bankruptcy probability of 0.1% 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 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| 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% | 1.6% |
| 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 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 20,082 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
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €0 | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €57,258 | €81,398 | €88,076 | €85,135 | €76,134 | ▼ 10.6% |
| Other operating charges640/8 | - | €6,663 | €6,469 | €8,218 | €20,197 | ▲ 146% |
| Gross operating margin9900 | €166,905 | €111,063 | €137,676 | €112,254 | €274,053 | ▲ 144% |
| Operating profit (loss)9901 | €99,918 | €23,003 | €43,131 | €18,901 | €177,723 | ▲ 840% |
| Financial income75/76B | - | €23 | €1 | €1,443 | €2,638 | ▲ 82.7% |
| Recurring financial income75 | €622 | €23 | €1 | €1,443 | €2,638 | ▲ 82.7% |
| Financial charges65/66B | - | €13,591 | €21,506 | €24,113 | €24,757 | ▲ 2.7% |
| Recurring financial charges65 | €19,042 | €13,591 | €21,506 | €24,113 | €24,757 | ▲ 2.7% |
| Profit (loss) for the period before taxes9903 | €81,498 | €9,435 | €21,626 | -€3,769 | €155,604 | ▲ 4,229% |
| Transfer from deferred taxes780 | - | €1,735 | €1,735 | €1,735 | €1,735 | = |
| Income taxes67/77 | €23,817 | €5,810 | €8,162 | €4,493 | €67,357 | ▲ 1,399% |
| Profit (loss) for the period9904 | €59,416 | €5,360 | €15,199 | -€6,527 | €89,982 | ▲ 1,479% |
| Transfer from tax-exempt reserves789 | - | €6,940 | €6,940 | €6,940 | €6,940 | = |
| Profit (loss) for the period to be appropriated9905 | €66,357 | €12,300 | €22,139 | €413 | €96,922 | ▲ 23,345% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.5m | €1.4m | €1.4m | €1.3m | €1.4m | ▲ 5.9% |
| Fixed assets21/28 | €1.2m | €1.4m | €1.3m | €1.2m | €1.2m | ▼ 3.5% |
| Tangible fixed assets22/27 | €1.2m | €1.4m | €1.3m | €1.2m | €1.2m | ▼ 3.5% |
| Land and buildings22 | - | €1.2m | €1.1m | €1.1m | €1.0m | ▼ 3.5% |
| Plant, machinery and equipment23 | - | €2,960 | €1,974 | €3,041 | €1,242 | ▼ 59.2% |
| Furniture and vehicles24 | - | €2,512 | €2,005 | €1,497 | €2,556 | ▲ 70.7% |
| Leasing and similar rights25 | - | - | - | - | €17,003 | - |
| Other tangible fixed assets26 | - | €201,365 | €178,024 | €149,866 | €128,089 | ▼ 14.5% |
| Current assets29/58 | €281,690 | €80,872 | €62,519 | €116,108 | €237,145 | ▲ 104% |
| Amounts receivable within one year40/41 | €269,639 | €74,641 | €46,642 | €106,667 | €202,602 | ▲ 89.9% |
| Trade receivables40 | - | €74,375 | €46,573 | €48,809 | €198,803 | ▲ 307% |
| Other amounts receivable41 | - | €266 | €69 | €57,858 | €3,800 | ▼ 93.4% |
| Cash at bank and in hand54/58 | €7,150 | €848 | €10,105 | €2,208 | €23,306 | ▲ 955% |
| Deferred charges and accrued income490/1 | - | €5,383 | €5,772 | €7,233 | €11,237 | ▲ 55.4% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.5m | €1.4m | €1.4m | €1.3m | €1.4m | ▲ 5.9% |
| Equity10/15 | €422,101 | €427,461 | €442,660 | €436,133 | €526,115 | ▲ 20.6% |
| Contributions10/11 | - | €100,000 | €100,000 | €100,000 | €100,000 | = |
| Reserves13 | €322,101 | €327,461 | €342,660 | €336,133 | €426,115 | ▲ 26.8% |
| Non-distributable reserves130/1 | - | €25,809 | €0 | - | - | - |
| Other1319 | - | €25,809 | €0 | - | - | - |
| Tax-exempt reserves132 | - | €121,427 | €114,487 | €107,547 | €100,606 | ▼ 6.5% |
| Distributable reserves133 | - | €180,224 | €228,173 | €228,586 | €325,508 | ▲ 42.4% |
| Provisions and deferred taxes16 | €32,092 | €30,357 | €28,622 | €26,887 | €25,152 | ▼ 6.5% |
| Deferred taxes168 | - | €30,357 | €28,622 | €26,887 | €25,152 | ▼ 6.5% |
| Amounts payable17/49 | €1.1m | €990,850 | €883,451 | €862,953 | €853,258 | ▼ 1.1% |
| Amounts payable after more than one year17 | €703,127 | €551,025 | €427,739 | €468,233 | €397,937 | ▼ 15.0% |
| Financial debts170/4 | - | €551,025 | €427,739 | €468,233 | €397,937 | ▼ 15.0% |
| Amounts payable within one year42/48 | €343,188 | €432,944 | €439,355 | €362,207 | €405,782 | ▲ 12.0% |
| Current portion of amounts payable after more than one year42 | - | €66,903 | €67,584 | €85,353 | €97,234 | ▲ 13.9% |
| Financial debts43 | - | €2,483 | €722 | €1,248 | €44,268 | ▲ 3,448% |
| Credit institutions430/8 | - | €2,483 | €722 | €1,248 | €44,268 | ▲ 3,448% |
| Trade debts44 | €15,481 | €15,607 | €11,126 | €94,149 | €69,684 | ▼ 26.0% |
| Suppliers440/4 | - | €15,607 | €11,126 | €94,149 | €69,684 | ▼ 26.0% |
| Taxes, remuneration and social security45 | - | €15,289 | €25,889 | €39,829 | €64,943 | ▲ 63.1% |
| Taxes450/3 | - | €15,289 | €25,889 | €39,829 | €64,943 | ▲ 63.1% |
| Other amounts payable47/48 | - | €332,662 | €334,034 | €141,629 | €129,654 | ▼ 8.5% |
| Accrued charges and deferred income492/3 | - | €6,881 | €16,357 | €32,513 | €49,538 | ▲ 52.4% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €59,416 | €5,360 | €15,199 | -€6,527 | €89,982 | ▲ 1,479% |
| + Depreciation and write-downs630 | €57,258 | €81,398 | €88,076 | €85,135 | €76,134 | ▼ 10.6% |
| Operating cash flow (approximation) | €116,674 | €86,758 | €103,275 | €78,608 | €166,116 | ▲ 111% |
| Investment in fixed assets (approximation) | - | -€220,751 | -€12,494 | -€2,785 | -€33,649 | ▼ 1,108% |
| Change in cash | - | -€6,303 | €9,257 | -€7,897 | €21,098 | ▲ 367% |
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
Next filing, fiscal year 2026, expected by
2026
24-08
State Gazette act
General meeting · Director resignation
Director discharge · Permanent representative
2025
21-10
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
02-10
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 336 days late
31-03
Financial
Back to profitnet €89,982
Net result €89,982 after one loss-making year.
31-03
Financial
Equity above €500,000Eq €526,115 ▲20.6%
Equity rises from €436,133 to €526,115.
2024
31-03
Financial
Weakest financial yearnet -€6,527
Net result drops to -€6,527, the lowest in the series; recovery starts the following year.
04-01
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 65 days late
2022
25-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2021
15-09
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2020
29-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2019
14-10
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2018
02-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2017
11-10
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2016
28-09
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 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
4 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, Brugge · 1 establishment unit since 1998
Ground area
3,105 m²
Building footprint
511 m²
Volume, LiDAR
2,486 m³
Parcel 31362B0115/00C000, Flanders · tallest building 8.9 m, ±1 floor. Linked by address, not a title deed.
4
companies at this address
See who is registered here
1 establishment unit
Sneppendreef 16, 8200 Brugge
since 19982.086.825.039
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 31362B0115/00C000 | Flanders | 3,105 m² | 1 · 511 m² | 8.9 m · 1 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.
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Of 82,642 companies in sector 70200 we hold annual accounts for 52,590. 34,239 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
Founded14-04-1998
Fiscal year end31-03
Activities, NACEBEL 2025
70200Business and other management consultancy
E-invoicing
Reachable via Peppol
Peppol ID
0208:0463154907
Also
9925:BE0463154907
Registered
15-07-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.