Avello
ActiveAvello has been active since 1992 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €230k and a net result of €-10k. Equity is growing by ~14.5% per year across the filed fiscal years. Its solvency ranks better than 40% of 498 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is < 0.1% (very low).
Checked score
Score 2025
73
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability16▼-70
Solvency74▼-3
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
< 0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €16k at 30 days acceptable
Liquidity ample (current ratio 3.06 against 3.37 in 2024; short-term debt: 31.6% and cash: 63.8% of total assets), but 50.5% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Eight signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 94
Relative position
BE, all sectors
reference
Sector 94
lower
← fewer bankruptcies
more bankruptcies →
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
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 19-05-2026, 73 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
73 d early
2024
79 d early
2023
93 d early
2022
69 d early
2021
87 d early
2020
72 d early
2019
7 d early
← before the deadline
after the deadline →
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
19-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€-10k
2024 · €63k
2018: €9k
2019: €-2k
2020: €10k
2021: €20k
2022: €28k
2023: €15k
2024: €63k
2018 → 2025
Working capital
€304k▼ 3.2%
2024 · €314k
2018: €125k
2019: €124k
2020: €133k
2021: €164k
2022: €220k
2023: €230k
2024: €314k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€134k-€162k▲ 21.2%€177k▲ 9.4%€240k▲ 35.5%€230k▼ 4.1%
Operating result€22k-€30k▲ 37.4%€17k▼ 43.2%€64k▲ 275%€-9k
Net result€20k-€28k▲ 40.4%€15k▼ 46.1%€63k▲ 312%€-10k
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €9k after €64k in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €465k
Fixed assets
€14k▼ 19.6%
Current assets
€451k▲ 1.0%
Equity and liabilities €465k
Equity
€230k▼ 4.1%
Provisions
€43k▼ 41.2%
Debt
€192k▲ 27.1%
The debt ratio rises from 32.6% to 41.3%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€-5k▼
2024 · €69k
Cash flow
€-6k▼
2024 · €67k
Solvency
49.5%▼
2024 · 51.7%
Current ratio
3.06▼
2024 · 3.37
Quick ratio
3.00▼
2024 · 3.36
Debt / equity
0.83▲
2024 · 0.63
ROE
-4.3%▼
2024 · 26.2%
ROA
-2.1%▼
2024 · 13.6%
Interest coverage
-5.12▼
2024 · 68.32
Debt
€192k▲
2024 · €151k
Debt ≤ 1 year
€147k▲
2024 · €132k
Income taxes
€1k▼
2024 · €1k
Staff costs
€778k▲
2024 · €700k
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 · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€464k€465k▲
Fixed assets21/28€18k€14k▼
Intangible fixed assets21€2k€2k▼
Tangible fixed assets22/27€14k€11k▼
Land and buildings22€12k€10k▼
Furniture and vehicles24€2k€846▼
Financial fixed assets28€1k€2k▲
Current assets29/58€446k€451k▲
Stocks and contracts in progress3€2k€9k▲
Stocks30/36€2k€9k▲
Amounts receivable within one year40/41€83k€138k▲
Trade receivables40€2k€315▼
Other amounts receivable41€81k€138k▲
Cash at bank and in hand54/58€343k€297k▼
Deferred charges and accrued income490/1€18k€7k▼
Equity and liabilities
Total equity and liabilities10/49€464k€465k▲
Equity10/15€240k€230k▼
Reserves13€184k€172k▼
Profit (loss) carried forward14€56k€58k▲
Provisions and deferred taxes16€73k€43k▼
Provisions for liabilities and charges160/5€73k€43k▼
Major repairs and maintenance162€43k€33k▼
Other liabilities and charges164/5€30k€10k▼
Amounts payable17/49€151k€192k▲
Amounts payable within one year42/48€132k€147k▲
Trade debts44€10k€19k▲
Suppliers440/4€10k€19k▲
Taxes, remuneration and social security45€122k€127k▲
Taxes450/3€23k€26k▲
Remuneration and social security454/9€99k€101k▲
Accrued charges and deferred income492/3€19k€45k▲
Income statement
Code20242025
Non-recurring operating income76A-€9k
Remuneration, social security and pensions62€700k€778k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€4k€4k▼
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4-€2k
Other operating charges640/8€4k€4k▲
Non-recurring operating charges66A€3k€26▼
Gross operating margin9900€776k€750k▼
Operating profit (loss)9901€64k€-9k▼
Financial income75/76B€675€2k▲
Recurring financial income75€675€2k▲
Financial charges65/66B€1k€1k▲
Recurring financial charges65€1k€1k▲
Non-recurring financial charges66B-€50
Profit (loss) for the period before taxes9903€64k€-9k▼
Income taxes67/77€1k€1k▼
Profit (loss) for the period9904€63k€-10k▼
Profit (loss) for the period to be appropriated9905€63k€-10k▼
Appropriation of the result
Profit (loss) to be appropriated9906€96k€46k▼
Profit (loss) brought forward from the previous period14P€33k€56k▲
From contributions791-€43k
To contributions691€40k€30k▼
Social balance
Average headcount (FTE)90879.510.2▲
The notes to these accounts (13 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
19-05
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
31-12
Financial
Weakest financial yearnet €-10k ▼116%
Net result drops to €-10k, the lowest in the series.
13-05
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
31-12
Financial
Highest result since 2018net €63k ▲312%
Operating result €64k, net result €63k, both a record.
31-12
Financial
Equity above €200kEq €240k ▲35.5%
5 profitable years in a row build equity to €240k.
29-04
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
23-05
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
31-12
Financial
Equity above €150kEq €162k ▲21.2%
3 profitable years in a row build equity to €162k.
05-05
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
20-05
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
31-12
Financial
Back to profitnet €10k
Net result €10k after one loss-making year.
24-07
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
24-04
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
06-04
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
20-04
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
no sitting director, no change since 2023
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
13-04-2023
Aurélie Willems: Resigned as Daily management
15-07-2022
François-livier Devaux: Resigned as Director
15-07-2022
Victor Garcia Turegano: Resigned as Director
30-06-2021
Bernard Schnock: Resigned as Director
13-01-2021
Lucas De Muelenaere: Resigned as Director
30-03-2019
Simon Tricot: Resigned as Director
19-04-2018
Hélène Moureau: Resigned as Director
19-04-2018
Michaël Pluijgers: Resigned as Director
19-04-2018
Sophie Vermeyen: Resigned as Director
20-04-2016
Bernard Dehaye: Resigned as Director
20-04-2016
Georges Wathlet: Resigned as Director
20-04-2016
Stéphane Smets: Resigned as Director
20-04-2016
Yves Foumeau: Resigned as Director
07-05-2015
Michelle Biet: Resigned as Director
30-05-2014
Bermard De Maet: Resigned as Director
30-05-2014
Michaël de Borman: Resigned as Director
Location & real-estate footprint
Registered office, Elsene · 2 establishment units since 2003
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.
Londenstraat 151050 ElseneGround area
2,536 m²
Building footprint
972 m²
Volume, LiDAR
14,708 m³
2 parcels, Brussels, Wallonia · tallest building 20.5 m, ±6 floors. Linked by address, not a title deed.
2 establishment units
Groupe de Recherche et d'Action des Cyclistes quotidiens
since 20032.179.267.821
Groupe de Recherche et d'Action des Cyclistes quotidiens - Namur
since 20082.231.782.730
2 parcels
Wallonia
1
(50%)
Brussels
1
(50%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 92094B0103/00V000 | Wallonia | 2,068 m² | 1 · 592 m² | 20.4 m · 6 fl. |
| 21009A0870/00H004 | Brussels | 468 m² | 1 · 380 m² | 20.4 m · 5 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Federal government
2023 to 2025 · 5 entries · 70,000 EUR in total| Year | Department | Transactions | Amount |
|---|---|---|---|
| 2025 | FOD Mobiliteit | 1 | 7,000 EUR |
| 2024 | FOD Mobiliteit | 3 | 59,000 EUR |
| 2023 | FOD Mobiliteit | 1 | 4,000 EUR |
Budget allocations
Toelagen inzake mobiliteit en vervoer (cf. art. 2.33.2 van de algemene uitgavenbegroting)
Subsidies in het kader van het ondersteunen en opvolgen van het federale fietsbeleid
Wallonia-Brussels Federation
2023 to 2025 · 10 entries · 541,908 EUR in total| Year | Entries | paid |
|---|---|---|
| 2025 | 3 | 188,412 EUR |
| 2024 | 3 | 180,936 EUR |
| 2023 | 4 | 172,560 EUR |
Budget allocations
Subventions aux associations reconnues à durée indéterminée dans le cadre du décret du 17 juillet 2003
Subventions aux associations reconnues à durée déterminée et indéterminée dans le cadre du décret du 17 juillet 2003
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ClientEarth
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BUILDINGS PERFORMANCE INSTITUTE EUROPE
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Of 487 companies in sector 94994 we hold annual accounts for 139. 118 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formNon-profit association
Founded18-12-1992
Fiscal year end31-12
Legal name FR
Groupe de Recherche et d'Action des Cyclistes quotidiens
Abbreviation FR
GRACQ
Activities, NACEBEL
91330
94994Activities of membership organisations
Sources
Crossroads Bank for EnterprisesNational Bank · 19 filingsAddress and cadastre registers
Data from official sources, last processed on 19-09-2026. Scores and ratios are computed by Checked and are not a credit decision.