Avenue Building
ActiveSummary
Avenue Building has been active since 2011 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.8m and a net result of €751,967. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 69% of 9294 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability95▼-5
Solvency80▼-5
Growth78=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €130,000 at 30 days acceptable
Liquidity ample (current ratio 2.23; short-term debt: 44.8% and cash: 1.9% of total assets), and 44.8% 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○neutral
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 →
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
55.2%
Return on assets
22.8%
Age of the figures
9 mo
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 · 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 €1.8m
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 09-06-2026, 52 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
52 d early
2024
33 d early
2023
23 d early
2022
31 d late
2021
5 d early
2020
27 d late
2019
24 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 11 days before 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 (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
27-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
Equity
€1.8m▲ 70.6%
2024 · €1.1m
Total assets
€3.3m▲ 84.9%
2024 · €1.8m
Net result
€751,967▼ 12.9%
2024 · €863,318
Working capital
€1.8m▲ 688%
2024 · €230,741
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-€231,591▼ 0.9%€45,955€105,925▲ 130%€156,234▲ 47.5%€892,209▲ 471%
Net result-€295,455▼ 17.2%-€18,269▲ 93.8%€24,276€863,318▲ 3,456%€751,967▼ 12.9%
Equity€195,820€177,551▼ 9.3%€201,827▲ 13.7%€1.1m▲ 428%€1.8m▲ 70.6%
Total assets€3.9m▲ 6.1%€3.9m▼ 1.5%€3.8m▼ 2.8%€1.8m▼ 52.7%€3.3m▲ 84.9%
Debt€3.7m▲ 0.6%€3.7m▼ 1.1%€3.6m▼ 3.6%€716,085▼ 79.9%€1.5m▲ 106%
Working capital€404,731▲ 102%€357,949▼ 11.6%-€3.0m€230,741€1.8m▲ 688%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has risen four years in a row; 2025 is 471% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Equity and liabilities €3.3m
Equity
€1.8m ▲ 70.6%
Debt
€1.5m ▲ 106%
Debt's share of the balance-sheet total rises from 40.2% to 44.8%. Equity and debt are higher.
Key figures and ratios
Current ratio
2.23
Quick ratio
1.25
Debt to equity
0.81▲
2024 · 0.67
ROE
41.4%▼
2024 · 81.1%
ROA
22.8%▼
2024 · 48.5%
Debt ≤ 1 year
€1.5m▲
2024 · €2,200
Income taxes
€29,674▼
2024 · €131,590
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 17,792 companies that looked in July 2024 the way this one looks now, 0.2% went bankrupt within 24 months and 97% are still going.
- Small
- 10 to 20 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.2%
went bankrupt
3.2%
stopped otherwise
97%
still going
For this company itself Checked computes a bankruptcy probability of 0.2% 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 17,792 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 | €26,983 | €52,638 | €115,265 | €161,150 | €897,513 | ▲ 457% |
| Other operating charges640/8 | €988 | €990 | €1,092 | €1,108 | €1,143 | ▲ 3.1% |
| Non-recurring operating charges66A | - | - | €4,254 | - | - | - |
| Gross operating margin9900 | -€230,602 | €46,944 | €111,271 | €157,342 | €893,352 | ▲ 468% |
| Operating profit (loss)9901 | -€231,591 | €45,955 | €105,925 | €156,234 | €892,209 | ▲ 471% |
| Financial income75/76B | - | - | - | €877,265 | - | - |
| Recurring financial income75 | - | - | - | €877,265 | - | - |
| Financial charges65/66B | €63,865 | €64,223 | €81,649 | €38,591 | €110,568 | ▲ 187% |
| Recurring financial charges65 | €63,865 | €64,223 | €81,649 | €38,591 | €23,699 | ▼ 38.6% |
| Non-recurring financial charges66B | - | - | - | - | €86,869 | - |
| Profit (loss) for the period before taxes9903 | -€295,455 | -€18,269 | €24,276 | €994,908 | €781,641 | ▼ 21.4% |
| Income taxes67/77 | - | - | - | €131,590 | €29,674 | ▼ 77.4% |
| Profit (loss) for the period9904 | -€295,455 | -€18,269 | €24,276 | €863,318 | €751,967 | ▼ 12.9% |
| Profit (loss) for the period to be appropriated9905 | -€295,455 | -€18,269 | €24,276 | €863,318 | €751,967 | ▼ 12.9% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €3.9m | €3.9m | €3.8m | €1.8m | €3.3m | ▲ 84.9% |
| Fixed assets21/28 | €3.5m | €3.4m | €3.3m | €1.5m | - | - |
| Financial fixed assets28 | €3.5m | €3.4m | €3.3m | €1.5m | - | - |
| Current assets29/58 | €448,781 | €510,055 | €456,569 | €232,941 | €3.3m | ▲ 1,314% |
| Stocks and contracts in progress3 | - | - | - | - | €1.4m | - |
| Stocks30/36 | - | - | - | - | €1.4m | - |
| Amounts receivable within one year40/41 | - | - | €197 | - | €1.8m | - |
| Trade receivables40 | - | - | €197 | - | - | - |
| Other amounts receivable41 | - | - | - | - | €1.8m | - |
| Cash at bank and in hand54/58 | €448,781 | €510,055 | €456,372 | €232,941 | €63,643 | ▼ 72.7% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €3.9m | €3.9m | €3.8m | €1.8m | €3.3m | ▲ 84.9% |
| Equity10/15 | €195,820 | €177,551 | €201,827 | €1.1m | €1.8m | ▲ 70.6% |
| Contributions10/11 | €2.0m | €2.0m | €2.0m | €2.0m | €2.0m | = |
| Profit (loss) carried forward14 | -€1.8m | -€1.8m | -€1.8m | -€954,855 | -€202,887 | ▲ 78.8% |
| Amounts payable17/49 | €3.7m | €3.7m | €3.6m | €716,085 | €1.5m | ▲ 106% |
| Amounts payable after more than one year17 | €3.7m | €3.5m | - | €700,000 | - | - |
| Financial debts170/4 | €3.7m | €3.5m | - | €700,000 | - | - |
| Amounts payable within one year42/48 | €44,050 | €152,106 | €3.5m | €2,200 | €1.5m | ▲ 67,047% |
| Current portion of amounts payable after more than one year42 | - | €150,000 | €3.5m | - | - | - |
| Trade debts44 | €44,050 | €2,106 | €2,397 | €2,200 | €1.4m | ▲ 65,698% |
| Suppliers440/4 | €44,050 | €2,106 | €2,397 | €2,200 | €1.4m | ▲ 65,698% |
| Taxes, remuneration and social security45 | - | - | - | - | €29,674 | - |
| Taxes450/3 | - | - | - | - | €29,674 | - |
| Accrued charges and deferred income492/3 | €42,180 | €42,180 | €60,214 | €13,885 | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€295,455 | -€18,269 | €24,276 | €863,318 | €751,967 | ▼ 12.9% |
| Operating cash flow (approximation) | -€295,455 | -€18,269 | €24,276 | €863,318 | €751,967 | ▼ 12.9% |
| Investment in fixed assets (approximation) | - | €121,487 | €53,914 | €1.8m | - | - |
| Change in cash | - | €61,274 | -€53,683 | -€223,431 | -€169,299 | ▲ 24.2% |
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
09-06
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
15-05
State Gazette act
RestructuringDemerger · Name change · Purpose change13 facts ▸
State Gazette act
Restructuring
Demerger · Name change · Purpose change13 facts ▸
- Board meeting, 28-04-2026
- Demerger, splitsing door overneming en oprichting
- Name change, Avenue Building
- Purpose change, De vennootschap heeft de uitoefening van de volgende verrichtingen tot voorwerp, zowel in België als in het buitenland, voor eigen rekening, voor rekening van d…
- Share issue, 382556, splitsing
- Share issue, 6000, splitsing
- Share issue, 6000, splitsing
- Accounting effect, 01-01-2026
- Net-asset statement, 31-12-2025
- Real estate, Avenue Building (Tervuerenstraat 226-236) en Gribaumont (L. Gribaumontlaan) constructies en ondergrondse parkings (Actief 3)
- Real estate, Park Building (Tervuerenstraat 236) en bijhorend terrein, technische lokalen en 35 ondergrondse parkings (Actief 1)
- Real estate, Terrein van Avenue Building (ondergrondse parkings) en terrein van Gribaumont (Actief 2)
- +1 further facts in this act
2025
28-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Highest result since 2018net €863,318 ▲3,456%
Net result €863,318, the highest in the series.
31-12
Financial
Liquidity times 812current ratio 105.88
Current ratio from 0.13 to 105.88; short-term debt falls from €3.5m to €2,200.
31-12
Financial
Equity above €1mEq €1.1m ▲428%
2 profitable years in a row build equity to €1.1m.
08-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Back to profitnet €24,276
Net result €24,276 after 5 loss-making years.
31-12
Financial
Equity above €200,000Eq €201,827 ▲13.7%
Equity rises from €177,551 to €201,827.
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 31 days late
2022
26-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Weakest financial yearnet -€295,455
Net result drops to -€295,455, the lowest in the series; recovery starts the following year.
Show earlier events
31-12
Financial
Equity above €150,000Eq €195,820
Equity rises from -€8,725 to €195,820.
27-08
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 27 days late
2020
07-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
31-12
Financial
Liquidity doublescurrent ratio 67.69
Current ratio from 27.26 to 67.69.
31-12
Financial
Equity above €200,000Eq €243,298 ▲1,587%
Equity rises from €14,424 to €243,298.
01-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
10-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
26-06
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.
1 of 10 acts read
About the unread acts
Of the 10 Belgian State Gazette acts we know for this company, 1 has been read. The other 9 have not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
10 acts for this company are in the Belgian State Gazette, of which we have read 1. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Gent · 1 establishment unit since 2011
Ground area
1,561 m²
Building footprint
345 m²
Parcel 44062A0110/00K000, Flanders. Linked by address, not a title deed.
62
companies at this address
See who is registered here
1 establishment unit
PARTICIMMO
since 20112.240.600.723
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44062A0110/00K000 | Flanders | 1,561 m² | 1 · 345 m² | 0.0 m |
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.
Structure & network
Part of the group
ENTERHOLD S.A.
113 companies
Group, risk and exposure
Owners and holdings
1 owner · 2 holdingsChain of control
- ENTERHOLD S.A.LU
- BALTISSE
- Baltisse Real Estate
- Avenue Building
Highest known parent: ENTERHOLD S.A. (Luxembourg). The sources do not say who stands above it.
Owners 1
-
100%
Holdings 2
-
3.6%
-
2.97%
According to the 2024 annual accounts of Avenue Building and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
2 connected companiesThe connected companies are in the list below.
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Ownership & control
3 board mandatesBoard mandates of this companythis company sits on their board3
Acquisitions and mergers
1 transactionDemerger with:Immo Resi Woluwe
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Of 9,699 companies in sector 68121 we hold annual accounts for 7,385. 3,122 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
Founded14-07-2011
Fiscal year end31-12
Legal name NL
PARTICIMMO
Activities, NACEBEL 2025
68121Development of residential building projects
68110Buying and selling of own real estate
68122Development of non-residential building projects
E-invoicing
Reachable via Peppol
Peppol ID
0208:0838744449
Also
9925:BE0838744449
Registered
03-06-2026
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.