Avantgarde Inc.
ActiveAvantgarde Inc. has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €177k and a net result of €39k. Equity is growing by ~28.6% per year across the filed fiscal years. Its solvency ranks better than 73% of 9518 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2024
89
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability89▼-5
Solvency99▼-1
Growth78=
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €15k at 30 days acceptable
Liquidity ample (current ratio 7.56 against 16.38 in 2023; short-term debt: 10% and cash: 28.3% of total assets), and 25.9% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Three 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 82
Relative position
BE, all sectors
reference
Sector 82
lower
← fewer bankruptcies
more bankruptcies →
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 18-06-2025, 43 days ahead of the deadline.
NBB · 7 filingsDeviation from the deadline
2025
not confirmed
2024
43 d early
2023
42 d early
2022
40 d early
2021
39 d early
2020
45 d early
2019
44 d early
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Equity
€177k▲ 11.3%
2023 · €159k
2018: €25k
2019: €41k
2020: €68k
2021: €94k
2022: €122k
2023: €159k
2018 → 2024
Total assets
€238k▲ 41.3%
2023 · €169k
2018: €42k
2019: €68k
2020: €85k
2021: €106k
2022: €138k
2023: €169k
2018 → 2024
Net result
€39k▲ 1.2%
2023 · €38k
2018: €20k
2019: €17k
2020: €28k
2021: €28k
2022: €29k
2023: €38k
2018 → 2024
Working capital
€156k▲ 2.3%
2023 · €153k
2018: €23k
2019: €37k
2020: €66k
2021: €94k
2022: €122k
2023: €153k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€68k-€94k▲ 39.1%€122k▲ 29.4%€159k▲ 30.2%€177k▲ 11.3%
Operating result€40k-€40k▼ 0.3%€44k▲ 8.1%€53k▲ 20.8%€53k▲ 0.2%
Net result€28k-€28k▼ 0.8%€29k▲ 4.2%€38k▲ 31.4%€39k▲ 1.2%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2021 the operating result has climbed three years in a row; 2024 is 0% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €238k
Fixed assets
€58k▲ 861%
Current assets
€180k▲ 10.7%
Equity and liabilities €238k
Equity
€177k▲ 11.3%
Debt
€62k▲ 521%
The debt ratio rises from 5.9% to 25.9%. Equity and debt are higher.
Key figures and ratios
EBITDA
€68k▲
2023 · €55k
Cash flow
€54k▲
2023 · €41k
Solvency
74.1%▼
2023 · 94.1%
Current ratio
7.56▼
2023 · 16.38
Quick ratio
7.56▼
2023 · 16.38
Debt / equity
0.35▲
2023 · 0.06
ROE
22.0%▼
2023 · 24.2%
ROA
16.3%▼
2023 · 22.8%
Interest coverage
24.14▲
2023 · -50.56
Debt
€62k▲
2023 · €10k
Debt ≤ 1 year
€24k▲
2023 · €10k
Debt > 1 year
€38k
Income taxes
€15k▼
2023 · €15k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€169k€238k▲
Fixed assets21/28€6k€58k▲
Tangible fixed assets22/27€6k€58k▲
Plant, machinery and equipment23€3k€2k▼
Furniture and vehicles24€3k€56k▲
Current assets29/58€163k€180k▲
Amounts receivable within one year40/41€27k€30k▲
Trade receivables40€24k€26k▲
Other amounts receivable41€3k€5k▲
Current investments50/53€23k€79k▲
Cash at bank and in hand54/58€110k€68k▼
Deferred charges and accrued income490/1€2k€3k▲
Equity and liabilities
Total equity and liabilities10/49€169k€238k▲
Equity10/15€159k€177k▲
Contributions10/11€6k€6k=
Reserves13€152k€170k▲
Distributable reserves133€152k€170k▲
Amounts payable17/49€10k€62k▲
Amounts payable after more than one year17-€38k
Financial debts170/4-€38k
Amounts payable within one year42/48€10k€24k▲
Current portion of amounts payable after more than one year42-€11k
Financial debts43€301-
Credit institutions430/8€301-
Trade debts44€834€4k▲
Suppliers440/4€834€4k▲
Taxes, remuneration and social security45€4k€4k▼
Taxes450/3€4k€4k▼
Other amounts payable47/48€4k€5k▲
Income statement
Code20232024
Non-recurring operating income76A-€6k
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€3k€15k▲
Other operating charges640/8€617€463▼
Gross operating margin9900€56k€68k▲
Operating profit (loss)9901€53k€53k▲
Financial income75/76B€31€4k▲
Recurring financial income75€31€4k▲
Financial charges65/66B€-1k€3k▲
Recurring financial charges65€-1k€3k▲
Profit (loss) for the period before taxes9903€54k€54k▲
Income taxes67/77€15k€15k▼
Profit (loss) for the period9904€38k€39k▲
Profit (loss) for the period to be appropriated9905€38k€39k▲
Appropriation of the result
Profit (loss) to be appropriated9906€38k€39k▲
Transfer from equity791/2-€19k
Transfer to equity691/2€37k€37k▲
To other reserves6921€37k€37k▲
Profit to be distributed694/7€2k€21k▲
Return on contributions (dividend)694€2k€21k▲
The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
18-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Highest result since 2018net €39k ▲1.2%
Operating result €53k, net result €39k, both a record.
19-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Equity above €150kEq €159k ▲30.2%
6 profitable years in a row build equity to €159k.
21-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Equity above €100kEq €122k ▲29.4%
5 profitable years in a row build equity to €122k.
22-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
16-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Liquidity doublescurrent ratio 4.86
Current ratio from 2.36 to 4.86; short-term debt falls from €27k to €17k.
17-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Weakest financial yearnet €17k ▼14.2%
Net result drops to €17k, the lowest in the series; recovery starts the following year.
19-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
3 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, Herent · 1 establishment unit since 2017
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.
Rijweg 663020 HerentGround area
997 m²
Building footprint
61 m²
Volume, LiDAR
480 m³
Parcel 24423I0163/00S000, Flanders · tallest building 10.5 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Avantgarde Inc.
since 20172.269.044.883
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24423I0163/00S000 | Flanders | 997 m² | 1 · 61 m² | 10.5 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.
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Of 24,501 companies in sector 82990 we hold annual accounts for 9,398. 7,049 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded13-10-2017
Fiscal year end31-12
Activities, NACEBEL
82990Other business support services
Sources
Crossroads Bank for EnterprisesNational Bank · 7 filingsAddress and cadastre registers
Data from official sources, last processed on 17-09-2026. Scores and ratios are computed by Checked and are not a credit decision.