AVALON COMPANY
Open bankruptcyA bankruptcy procedure is open for AVALON COMPANY according to publications in the Belgian State Gazette; curator: Catherine HERINCKX.
Summary
The 2024 annual accounts show equity of €658k and a net result of €437k.
Signals
Two signals.
+raises risk
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Equity
€658k▲ 445%
2023 · €121k
2021: €4k
2022: €-13k
2023: €121k
2021 → 2024
Total assets
€1.82M▲ 121%
2023 · €823k
2021: €312k
2022: €591k
2023: €823k
2021 → 2024
Net result
€437k▲ 226%
2023 · €134k
2021: €14k
2022: €-17k
2023: €134k
2021 → 2024
Working capital
€573k▲ 644%
2023 · €77k
2021: €-5k
2022: €-22k
2023: €77k
2021 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2021202220232024Trend
Equity€4k-€-13k€121k€658k▲ 445%
Operating result€18k-€-11k€187k€623k▲ 232%
Net result€14k-€-17k€134k€437k▲ 226%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed two years in a row; 2024 is 232% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €1.82M
Fixed assets
€85k ▲ 94.1%
Current assets
€1.74M ▲ 123%
Equity and liabilities €1.82M
Equity
€658k ▲ 445%
Debt
€1.16M ▲ 65.8%
Debt's share of the balance-sheet total falls from 85.3% to 63.9%. Equity and debt are higher.
Key figures and ratios
EBITDA
€647k▲
2023 · €200k
Cash flow
€460k▲
2023 · €146k
Current ratio
1.49▲
2023 · 1.11
Debt to equity
1.77▼
2023 · 5.82
ROE
66.3%▼
2023 · 111.1%
ROA
24.0%▲
2023 · 16.3%
Interest coverage
119.17▼
2023 · 151.55
Debt ≤ 1 year
€1.16M▲
2023 · €702k
Income taxes
€185k▲
2023 · €54k
Staff costs
€391k▲
2023 · €309k
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 · 40 lines
Balance sheet
Code20232024
Assets
Total assets20/58€823k€1.82M▲
Fixed assets21/28€44k€85k▲
Intangible fixed assets21-€14k
Tangible fixed assets22/27€44k€70k▲
Furniture and vehicles24€44k€70k▲
Financial fixed assets28€55-
Current assets29/58€779k€1.74M▲
Amounts receivable after more than one year29€127k€151k▲
Other amounts receivable291€127k€151k▲
Stocks and contracts in progress3€46k-
Stocks30/36€46k-
Amounts receivable within one year40/41€578k€1.45M▲
Trade receivables40€505k€1.45M▲
Other amounts receivable41€73k€5k▼
Cash at bank and in hand54/58€28k€136k▲
Equity and liabilities
Total equity and liabilities10/49€823k€1.82M▲
Equity10/15€121k€658k▲
Profit (loss) carried forward14€121k€658k▲
Amounts payable17/49€702k€1.16M▲
Amounts payable within one year42/48€702k€1.16M▲
Trade debts44€514k€683k▲
Suppliers440/4€514k€683k▲
Taxes, remuneration and social security45€188k€481k▲
Taxes450/3€137k€416k▲
Remuneration and social security454/9€51k€65k▲
Income statement
Code20232024
Remuneration, social security and pensions62€309k€391k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€12k€24k▲
Other operating charges640/8€395€11k▲
Gross operating margin9900€509k€1.05M▲
Operating profit (loss)9901€187k€623k▲
Financial income75/76B€2k€4k▲
Recurring financial income75€2k€4k▲
Financial charges65/66B€1k€5k▲
Recurring financial charges65€1k€5k▲
Profit (loss) for the period before taxes9903€188k€622k▲
Income taxes67/77€54k€185k▲
Profit (loss) for the period9904€134k€437k▲
Profit (loss) for the period to be appropriated9905€134k€437k▲
Appropriation of the result
Profit (loss) to be appropriated9906€121k€658k▲
Profit (loss) brought forward from the previous period14P€-13k€221k▲
The notes to these accounts (12 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2026
23-01
Bankruptcy
Opening
Tribunal de l’entreprise francophone de Bruxelles · SRL AVALON COMPANY AVENUE DE BEJAR 2, 1120 NEDER-OVER-HEEMBEEK · event 19-01-2026
2025
27-11
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 119 days late
06-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 432 days late
2024
31-12
Financial
Highest result since 2021net €437k ▲226%
Operating result €623k, net result €437k, both a record.
31-12
Financial
Equity above €500kEq €658k ▲445%
2 profitable years in a row build equity to €658k.
2023
31-12
Financial
Back to profitnet €134k
Net result €134k after one loss-making year.
31-12
Financial
Equity above €100kEq €121k
Equity rises from €-13k to €121k.
28-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 28 days late
2022
31-12
Financial
Weakest financial yearnet €-17k ▼224%
Net result drops to €-17k, the lowest in the series.
05-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 5 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
5 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, Brussel · 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.
De Béjarlaan 21120 BrusselGround area
2.6 ha
Building footprint
1.1 ha
Volume, LiDAR
91,700 m³
Parcel 21819A0064/00E000, Brussels · tallest building 15.3 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
AVALON COMPAGNY
since 20202.316.671.586
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21819A0064/00E000 | Brussels | 2.6 ha | 1 · 1.1 ha | 15.3 m · 3 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.
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | Catherine HERINCKX AVENUE DU CONGO 1,
1050 IXELLES |
19-01-2026 → present |
Recognitions · licences · registrations
Legal Entity Identifier
9845003C7AC987HB5043
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Of 11,550 companies in sector 71121 we hold annual accounts for 6,563. 4,059 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded07-12-2020
Fiscal year end31-12
Activities, NACEBEL 2025
71121Engineering and related technical consultancy, excluding land surveyors
Sources
Crossroads Bank for EnterprisesNational Bank · 4 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.
Contact details
1 entryE-mail:oussama.essbaite@avalon.brussels