AVEVE
ActiveSummary
The annual accounts of AVEVE for financial year 2025 show a net loss of 78% of the equity at the start of that year. The 2025 annual accounts show equity of €43.0m and a net result of -€4.2m. Equity has been shrinking by about 37% per year since 2018. Its solvency ranks better than 27% of 5,039 sector peers (NACE 47, financial year 2025). The company has been active since 1901 and the Belgian Official Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 1.0% (low).
Overview
Official details
Source: KBO- Status
- Active since 19-01-1901 Normal situation
- Activity
- Other non-specialised retail sale NACE 47120and 12 others
- Joint committees
- 118 Paritair Comité voor de voedingsnijverheid
- 119 Paritair Comité voor de handel in voedingswaren
- 149.04 Paritair Subcomité voor de metaalhandel · annual accounts 2025and 1 other
- Establishment units
- 2.003.815.904 3012 Leuven, since 01-01-1901
- 2.003.816.102 3012 Leuven, since 01-01-1901and 70 others
- Financial year end
- 31 December
- Peppol
- Reachable since 31-12-2025
Board and ownership
Board
- Dirk Van ThielenDirector · since 01-01-2025
- Slingshot ManagementDirector · since 24-01-2025 · permanent representative Kristof Douven
- BV I-ConsDirector · permanent representative Jurgen Van Eetvelde
- Auditor
- Ernst & Young Bedrijfsrevisoren BV
Shareholders
- Arvesta100%· score 90annual accounts 2025
- Holdings
- Shares in 4 companies including Aveve Bree and Aveve Jodoigne
Financial position
- Bankruptcy probabilitywithin 12 months
- 1.0%
Annual accounts 2025
- Turnover
- €779.3m
- ▲ 0.4%
- Loss
- €4.2m
- ▲ 215%
- Equity
- €43.0m
- ▲ 701%
- Total assets
- €259.6m
- ▼ 1.9%
- Employees on 31-12-2025
- 486
- ▲ 16×
Net result -215%: branch received
Score breakdownraises riskCapped at 59: a net loss of at least half of total assets or of the equity at the start of the financial yearEquity €43.0m (16.6% of total assets)Liquidity: current ratio 0.76, cash €1.9mSector: Retail trade (NACE 47)Loss of €4.2m, the second in a row (financial year 2025)Show the evidence
Checked score
Score 2025
55
/ 100
Fair
Probability in this band: 1.5% to 4.2%
Financially stronger than 40% of large companies in retail trade (NACE 47)
A net loss of at least half of total assets or of the equity at the start of the financial year caps the score at 59. Every signal that counts is listed under Signals.
Financial strength · tick: 2024
Weak
Solvency
42+15
equity 16.6% of total assets
Liquidity
11-3
short-term debt 73.9% · cash 0.7%
Profitability
52+25
return on assets -1.6%
Bankruptcy probability within 12 months
1.0%
Low
0%0.5%1.5%4%10%≥ 25%
About 1 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.3%
01-2025: 0.3%● unchanged vs 12-2024
02-2025: 0.3%● unchanged vs 01-2025lowest value
03-2025: 0.3%● unchanged vs 02-2025lowest value
04-2025: 0.3%● unchanged vs 03-2025lowest value
05-2025: 0.3%● unchanged vs 04-2025
06-2025: 0.3%● unchanged vs 05-2025
07-2025: 1.1%▲ +0.8 percentage points vs 06-2025
08-2025: 1.1%● unchanged vs 07-2025
09-2025: 1.1%● unchanged vs 08-2025
10-2025: 1.1%● unchanged vs 09-2025
11-2025: 1.1%● unchanged vs 10-2025
12-2025: 1.1%● unchanged vs 11-2025
01-2026: 1.1%● unchanged vs 12-2025
02-2026: 1.0%▼ -0.1 percentage points vs 01-2026
03-2026: 1.0%● unchanged vs 02-2026
04-2026: 1.0%● unchanged vs 03-2026
05-2026: 1.0%● unchanged vs 04-2026
06-2026: 1.1%▲ +0.1 percentage points vs 05-2026highest value
07-2026: 1.0%▼ -0.1 percentage points vs 06-2026
08-2026: 1.0%● unchanged vs 07-2026
09-2026: 1.0%● unchanged vs 08-2026
10-2026: 1.0%● unchanged vs 09-2026
11-2026: 1.0%● unchanged vs 10-2026
Credit of up to €2,350,000 on 30-day terms, only on tighter conditions
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity is insufficient, with a current ratio of 0.76 (0.81 in 2024), below 1. Short-term debt is 73.9% and cash 0.7% of total assets. 83.4% of the assets are financed with debt and provisions.
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 47, large). It does better than 34% of them on solvency, 22% on liquidity, 37% on profitability and 67% on growth.
The bankruptcy probability was computed on 01-11-2026 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.
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).
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Signals
Six signals.
lowers riskraises riskneutral
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €43.0m
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 05-06-2026, 56 days ahead of the deadline.
NBB · 7 filingsDeviation from the deadline
2025
56 days early
2024
37 days early
2023
35 days early
2022
40 days early
2021
37 days early
2020
33 days early
2019
32 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 39 days before the deadline. In the sector (NACE 47), the median for financial year 2024 was on the deadline day, and 47% 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 24 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
02-11-2026 today31-12-2026 year end31-07-2027 deadline
Key points
- Risk: 4 loss-making years in a rowloss in financial year 2025 -€4.2m View
- Caution: Lower net result than 95% of companies in retail tradesector median €40,073 · 5,038 companies -€4.2m View
- Result fell in 2025branch received from ARVESTA BELGIUM BV ▼ 215% View
- 5 restructurings since 2024latest: branch taken over from ARVESTA BELGIUM BV 5 View
- Positive: Always filed on timeaccounts within the deadline every year 7 years View
Recent changes
- · Gazette deed Capital increase of €40,000,000 to €62,655,915.42
- · Gazette deed Demerger: ARVESTA BELGIUM BV splits off to AVEVE
- · Gazette deed Resignations: Consella BV (director) and Ernst & Young Bedrijfsrevisoren BV (statutory auditor)Appointment: I-Cons BV (director) · Reappointment: Ernst & Young Bedrijfsrevisoren BV (statutory auditor)
Companies linked to AVEVE
Subsidiaries and holdings
- HORTIPLAN99.99%
Comparable companies
These companies have the same main activity as AVEVE: other non-specialised retail sale (NACE 47120). They are comparable in size and age: total assets between €55m and €199m, founded between 1975 and 2004.
| Company | Total assets | Turnover |
|---|---|---|
| AVEVE Leuven | €259.6m | €779.3m |
| Retail Concepts Antwerpen | €199.2m | €283.9m |
| Ranson Harelbeke | €90.3m | €218.0m |
| Lagardère Travel Retail Belgium Steenokkerzeel | €54.6m | €216.9m |
| KRUIDVAT Antwerpen | €192.7m | €779.5m |
| HEMA België Ukkel | €55.6m | €163.9m |
| SOCIETE NOUVELLE DE DISTRIBUTION Fleurus | €77.1m | €212.2m |
Key facts about AVEVE
- What is the company number of AVEVE?
- The company number of AVEVE is 0403.552.464. The VAT number is the same number with BE in front: BE 0403.552.464.
- Where is AVEVE based?
- The registered office is at Aarschotsesteenweg 84, 3012 Leuven.Company details
- What does AVEVE do?
- According to the KBO register, the main activity is other non-specialised retail sale (NACE 47120).
- What is the legal form of AVEVE?
- The legal form of AVEVE is Private limited company (BV).
- When was AVEVE founded?
- AVEVE was founded on 19-01-1901.
- Is AVEVE still active?
- Yes, AVEVE is an active enterprise in the KBO register.
- How many employees does AVEVE have?
- AVEVE had an average of 474 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- Which joint committee does AVEVE fall under?
- In its 2025 annual accounts, AVEVE states joint committees 118 (Paritair Comité voor de voedingsnijverheid), 119 (Paritair Comité voor de handel in voedingswaren), 149.04 (Paritair Subcomité voor de metaalhandel) and 202 (Paritair Comité voor de bedienden uit de kleinhandel in voedingswaren).
- What is the turnover of AVEVE?
- The turnover of AVEVE was €779.3m in financial year 2025, according to the filed annual accounts.
- Is AVEVE profitable?
- In financial year 2025, AVEVE made a loss of €4.2m.
- Where can I find the annual accounts of AVEVE?
- AVEVE filed 77 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of AVEVE due?
- AVEVE must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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