AV SERVICE
ActiveSummary
The computed 12-month bankruptcy probability of AV SERVICE is 5.7% (elevated). The 2024 annual accounts show negative equity (€-44k) and a net result of €-10k. Equity is shrinking by ~40% per year across the filed fiscal years. Its solvency ranks better than 5% of 36375 sector peers (fiscal year 2024). The company has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
22
/ 100
Critical
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability0=
Solvency0=
Growth58=
Track record100
Bankruptcy probability, 12 months
5.7%
Elevated
0%0.5%1.5%4%10%≥ 25%
No credit on open account
balance sheet total too small for a liquidity verdict, and equity is negative.
Credit advice for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
+raises risk○neutral
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 2024Age of the figures
Age of the figures
21 mo
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 dateAge against the risk zone
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Sector 43
higher
← fewer bankruptcies
more bankruptcies →
raises risk · Negative equity
The 2024 annual accounts show negative equity and a net loss.
NBB · annual accounts 2024Equity per financial year
2021222324
2020 to 2024 · latest year €-44k
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 19-06-2025, 42 days ahead of the deadline.
NBB · 5 filingsDeviation from the deadline
2025
not confirmed
2024
42 d early
2023
26 d early
2022
37 d early
2021
39 d early
2020
17 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Equity
€-44k▼ 29.5%
2023 · €-34k
2020: €-4k
2021: €-18k
2022: €-25k
2023: €-34k
2020 → 2024
Total assets
€5k▲ 27.4%
2023 · €4k
2020: €10k
2021: €7k
2022: €6k
2023: €4k
2020 → 2024
Net result
€-10k▼ 7.9%
2023 · €-9k
2020: €-14k
2021: €-14k
2022: €-6k
2023: €-9k
2020 → 2024
Working capital
€-44k▼ 27.9%
2023 · €-35k
2020: €-7k
2021: €-21k
2022: €-26k
2023: €-35k
2020 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€-4k-€-18k▼ 382%€-25k▼ 34.7%€-34k▼ 37.7%€-44k▼ 29.5%
Operating result€-14k-€-14k▼ 5.0%€-6k▲ 56.3%€-9k▼ 46.6%€-10k▼ 7.9%
Net result€-14k-€-14k▼ 5.0%€-6k▲ 56.2%€-9k▼ 46.3%€-10k▼ 7.9%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €10k in 2024 against €9k in 2023; the loss grows.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €5k
Fixed assets
€374 ▼ 49.6%
Current assets
€4k ▲ 46.2%
Key figures and ratios
EBITDA
€-10k▼
2023 · €-9k
Cash flow
€-10k▼
2023 · €-9k
Interest coverage
-220.84▲
2023 · -227.71
Debt
€49k▲
2023 · €38k
Debt ≤ 1 year
€49k▲
2023 · €38k
Ratios withheld: a balance sheet total of €5k is too small for a meaningful ratio.
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2024 against 2023 · 36 lines
Balance sheet
Code20232024
Assets
Total assets20/58€4k€5k▲
Fixed assets21/28€742€374▼
Tangible fixed assets22/27€742€374▼
Plant, machinery and equipment23€402€262▼
Furniture and vehicles24€340€112▼
Current assets29/58€3k€4k▲
Amounts receivable within one year40/41€0€2k▲
Trade receivables40€0€1k▲
Other amounts receivable41€0€781▲
Cash at bank and in hand54/58€2k€2k▼
Deferred charges and accrued income490/1€737€592▼
Equity and liabilities
Total equity and liabilities10/49€4k€5k▲
Equity10/15€-34k€-44k▼
Contributions10/11€10k€10k=
Profit (loss) carried forward14€-44k€-54k▼
Amounts payable17/49€38k€49k▲
Amounts payable within one year42/48€38k€49k▲
Trade debts44€0€161▲
Suppliers440/4€0€161▲
Taxes, remuneration and social security45€812€0▼
Taxes450/3€812€0▼
Other amounts payable47/48€37k€49k▲
Income statement
Code20232024
Remuneration, social security and pensions62€0-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€368€368=
Other operating charges640/8€713€735▲
Gross operating margin9900€-8k€-9k▼
Operating profit (loss)9901€-9k€-10k▼
Financial income75/76B€0-
Recurring financial income75€0-
Financial charges65/66B€39€44▲
Recurring financial charges65€39€44▲
Profit (loss) for the period before taxes9903€-9k€-10k▼
Profit (loss) for the period9904€-9k€-10k▼
Profit (loss) for the period to be appropriated9905€-9k€-10k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-44k€-54k▼
Profit (loss) brought forward from the previous period14P€-35k€-44k▼
The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
19-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
05-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
24-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
22-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Weakest financial yearnet €-14k
Net result drops to €-14k, the lowest in the series; recovery starts the following year.
17-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 17 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
1 act for this company is 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, Wingene · 1 establishment unit since 2020
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Vagevuurstraat 498750 WingeneGround area
2,531 m²
Building footprint
67 m²
Volume, LiDAR
461 m³
Parcel 37018D0026/00N000, Flanders · tallest building 8.5 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
AV SERVICE
since 20202.298.958.396
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 37018D0026/00N000 | Flanders | 2,531 m² | 1 · 67 m² | 8.5 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
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 and region
Alfa Building
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BE 0658.992.066
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ALLFORKIT
BE 0783.777.222
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BeDiVe
BE 0811.124.787
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DAKWERKEN DE COCK BEN
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This company's figures show no positive equity and no headcount, so a size comparison is not possible. These companies share only the sector and the region. Of 11,135 companies in sector 43910 we hold annual accounts for 5,488. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded16-12-2019
Fiscal year end31-12
Activities, NACEBEL 2025
43910Bricklaying and masonry work
41001General construction of residential buildings
Sources
Crossroads Bank for EnterprisesNational Bank · 5 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.