AVA TRANS
InactiveAVA TRANS was declared bankrupt on 08-11-2022 (Ondernemingsrechtbank Brussel); the bankruptcy was closed by liquidation by judgment of 19-12-2023, published in the Belgian State Gazette on 27-12-2023.
Summary
Inactive; last annual accounts for fiscal year 2021.
Signals
Three signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Two or more financial years not filed
Since the financial year that closed on 30-09-2022, 4 financial years are missing at the National Bank. A company this far behind goes bankrupt within the year nineteen times as often as a punctual filer.
NBB · 2 filingsPosition against the passed deadline
30-09-2022 close30-04-2023 deadline25-09-2026 today
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2021 was due by 30-04-2022 and was filed on 29-04-2022, 1 day ahead of the deadline.
NBB · 2 filingsDeviation from the deadline
2025
not filed
2024
not filed
2023
not filed
2022
not filed
2021
1 d early
2020
on the day
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2021, full schema
Turnover
€236k
EBIT margin
7.0%
Net result
€2k▼ 81.9%
2020 · €13k
2020: €13k
2021: €2k▼ -81.9% vs 2020
2020 → 2021
Working capital
€-64k
2020 · €28k
2020: €28k
2021: €-64k▼ -324% vs 2020
2020 → 2021
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021Trend
Turnover€236k-
Equity€29k-€31k▲ 8.0%
2020: €29k
2021: €31k▲ +8.0% vs 2020
Operating result€16k-€16k▼ 4.6%
2020: €16k
2021: €16k▼ -4.6% vs 2020
Net result€13k-€2k▼ 81.9%
2020: €13k
2021: €2k▼ -81.9% vs 2020
Result per fiscal year
Operating resultNet result
The operating result falls in 2021; 2021 is 5% below 2020.
Balance-sheet composition
2021 in colour, 2020 as the grey bar beneath
Assets €622k
Fixed assets
€274k ▲ 75,308%
Current assets
€348k ▲ 113%
Equity and liabilities €622k
Equity
€31k ▲ 8.0%
Debt
€591k ▲ 336%
Debt's share of the balance-sheet total rises from 82.5% to 95.0%. Equity and debt are higher.
Key figures and ratios
EBITDA
€66k
Cash flow
€53k
Current ratio
0.85▼
2020 · 1.21
Debt to equity
19.06
ROE
7.4%▼
2020 · 44.3%
ROA
0.4%▼
2020 · 7.7%
Interest coverage
6.39
Debt ≤ 1 year
€412k▲
2020 · €136k
Debt > 1 year
€179k
Income taxes
€3k▼
2020 · €3k
Staff costs
€347k
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 · 2021 against 2020 · 49 lines
Balance sheet
Code20202021
Assets
Total assets20/58€164k€622k▲
Fixed assets21/28€363€274k▲
Tangible fixed assets22/27-€257k
Leasing and similar rights25-€257k
Financial fixed assets28€363€17k▲
Current assets29/58€164k€348k▲
Amounts receivable within one year40/41€163k€331k▲
Trade receivables40-€323k
Other amounts receivable41-€8k
Cash at bank and in hand54/58€882€17k▲
Equity and liabilities
Total equity and liabilities10/49€164k€622k▲
Equity10/15€29k€31k▲
Contributions10/11€16k€16k=
Capital10-€16k
Issued capital100-€19k
Uncalled capital101-€3k
Reserves13€2k€2k=
Non-distributable reserves130/1-€2k
Legal reserve130-€2k
Profit (loss) carried forward14€11k€13k▲
Amounts payable17/49€136k€591k▲
Amounts payable after more than one year17-€179k
Financial debts170/4-€179k
Amounts payable within one year42/48€136k€412k▲
Current portion of amounts payable after more than one year42-€77k
Financial debts43-€98
Credit institutions430/8-€98
Trade debts44€89k€288k▲
Suppliers440/4-€288k
Taxes, remuneration and social security45-€15k
Taxes450/3-€3k
Remuneration and social security454/9-€12k
Other amounts payable47/48-€32k
Income statement
Code20202021
Turnover70€236k-
Remuneration, social security and pensions62-€347k
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630-€50k
Other operating charges640/8-€7k
Gross operating margin9900€91k€421k▲
Operating profit (loss)9901€16k€16k▼
Financial income75/76B-€36
Recurring financial income75€0€36▲
Financial charges65/66B-€10k
Recurring financial charges65€390€10k▲
Profit (loss) for the period before taxes9903€16k€5k▼
Income taxes67/77€3k€3k▼
Profit (loss) for the period9904€13k€2k▼
Profit (loss) for the period to be appropriated9905€13k€2k▼
Appropriation of the result
Profit (loss) to be appropriated9906-€13k
Profit (loss) brought forward from the previous period14P-€11k
The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2020 | 2021 | Change |
|---|---|---|---|
| Turnover70 | €236k | - | - |
| Remuneration, social security and pensions62 | - | €347k | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | €50k | - |
| Other operating charges640/8 | - | €7k | - |
| Gross operating margin9900 | €91k | €421k | ▲ 363% |
| Operating profit (loss)9901 | €16k | €16k | ▼ 4.6% |
| Financial income75/76B | - | €36 | - |
| Recurring financial income75 | €0 | €36 | ▲ 180,050% |
| Financial charges65/66B | - | €10k | - |
| Recurring financial charges65 | €390 | €10k | ▲ 2,548% |
| Profit (loss) for the period before taxes9903 | €16k | €5k | ▼ 66.5% |
| Income taxes67/77 | €3k | €3k | ▼ 7.8% |
| Profit (loss) for the period9904 | €13k | €2k | ▼ 81.9% |
| Profit (loss) for the period to be appropriated9905 | €13k | €2k | ▼ 81.9% |
| Line | 2020 | 2021 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €164k | €622k | ▲ 279% |
| Fixed assets21/28 | €363 | €274k | ▲ 75,308% |
| Tangible fixed assets22/27 | - | €257k | - |
| Leasing and similar rights25 | - | €257k | - |
| Financial fixed assets28 | €363 | €17k | ▲ 4,486% |
| Current assets29/58 | €164k | €348k | ▲ 113% |
| Amounts receivable within one year40/41 | €163k | €331k | ▲ 103% |
| Trade receivables40 | - | €323k | - |
| Other amounts receivable41 | - | €8k | - |
| Cash at bank and in hand54/58 | €882 | €17k | ▲ 1,868% |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €164k | €622k | ▲ 279% |
| Equity10/15 | €29k | €31k | ▲ 8.0% |
| Contributions10/11 | €16k | €16k | = |
| Capital10 | - | €16k | - |
| Issued capital100 | - | €19k | - |
| Uncalled capital101 | - | €3k | - |
| Reserves13 | €2k | €2k | = |
| Non-distributable reserves130/1 | - | €2k | - |
| Legal reserve130 | - | €2k | - |
| Profit (loss) carried forward14 | €11k | €13k | ▲ 21.2% |
| Amounts payable17/49 | €136k | €591k | ▲ 336% |
| Amounts payable after more than one year17 | - | €179k | - |
| Financial debts170/4 | - | €179k | - |
| Amounts payable within one year42/48 | €136k | €412k | ▲ 204% |
| Current portion of amounts payable after more than one year42 | - | €77k | - |
| Financial debts43 | - | €98 | - |
| Credit institutions430/8 | - | €98 | - |
| Trade debts44 | €89k | €288k | ▲ 225% |
| Suppliers440/4 | - | €288k | - |
| Taxes, remuneration and social security45 | - | €15k | - |
| Taxes450/3 | - | €3k | - |
| Remuneration and social security454/9 | - | €12k | - |
| Other amounts payable47/48 | - | €32k | - |
| Line | 2020 | 2021 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | €13k | €2k | ▼ 81.9% |
| + Depreciation and write-downs630 | - | €50k | - |
| Operating cash flow (approximation) | €13k | €53k | ▲ 314% |
| Investment in fixed assets (approximation) | - | €-324k | - |
| Change in cash | - | €16k | - |
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
2023
27-12
Bankruptcy
Bankruptcy closure (by liquidation)
Ondernemingsrechtbank Brussel · event 19-12-2023
2022
17-11
Bankruptcy
Opening
Ondernemingsrechtbank Brussel · event 08-11-2022
29-04
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
30-04
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
SignalNBB filing
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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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
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | LIEVE TEINTENIER SYLVAIN DUPUISLAAN 217,
1070 BRUSSEL 7 |
08-11-2022 → 19-12-2023 |