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AVG

Active
Private limited company·Stukadoorswerk· 5 yrs active
Rue Haute - ATHUS 21 ·6791 Aubange, Belgium
KBO/BCE: BE 0772.385.066
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Age5 yrs

Summary

Conclusion

the dossier summarised in one paragraph

The computed 12-month bankruptcy probability of AVG is 10.9% (high). The 2022 annual accounts show negative equity (€-23k) and a net result of €-25k. Its solvency ranks better than 5% of 6533 sector peers (fiscal year 2022). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.

Based on the State Gazette, CBE and 1 annual account.

Bankruptcy probability (12 mo)

Checked model v1 · free for everyone
10.9% High
0%0,5%1,5%4%10%≥25%
Annual accounts: weaker financial profile +Young company +Higher-failure-rate sector +

Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?

Signals

Insufficient current data: the most recent filed accounts (financial year 2022) are too old to derive current signals.

Filing behaviour

From the deposit records, complete market-wide
Filed after the deadline
The financial year that closed on 31-12-2022 was due by 31-07-2023 and was filed on 01-08-2023, 1 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
How we compute the deadline
There is a single filed set of accounts, closing on 31-12. That date is certain, but one observation does not establish the rhythm (a first financial year may run longer than twelve months), so we project no following year. The statutory deadline is seven months after the close of the financial year (art. 3:10 par. 1 CAC, art. 3:47 par. 7 for ASBL and foundations). Applied to the financial year that closed on 31-12-2022, that is 31-07-2023.
Deadline per financial year
Year closed Due by Filed Variance Reference
31-12-2022 31-07-2023 01-08-2023 1 d late 2023-00305718

Source: the National Bank's deposit records. Those records are complete, including for years whose figures we have not read yet. Filing late covers nearly half the market and is therefore not scored; only not filing, being more than 90 days late and breaking a punctual record carry weight.

Trust signals

2 signals
More than 3 years active
Founded in 2021, past the statistically most fragile first 3 years.
No legal incidents
No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.

Administrative Flags

No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

Financials

TurnoverNot published (abbreviated filing)
EBIT marginNot published (abbreviated filing)
Net result€-25k
Working capital€-26k

Annual accounts & ratios

Source: NBB · 2022
Annual accounts filed on 01-08-2023 with the NBB · fiscal year 2022 · micro
Sector comparison
Fiscal year 2022 · NACE 43, Specialised construction · compared within the same schema type (micro schema)
Metric This company Sector median Position in the sector
Solvency -291.2% 36.4%
better than 5% of 6533 sector peers
Net result €-25k €12k
better than 5% of 6518 sector peers
Equity €-23k €26k
better than 5% of 6539 sector peers
Gross operating margin €-20k €32k
better than 5% of 6512 sector peers
Total assets €8k €86k
better than 5% of 6534 sector peers
Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.
Fiscal year2022
Depositmicro
Revenue-
EBITDA€-25k
Net profit€-25k
Cash flow€-25k
Staff costs-
Income taxes-
Dividends-
Total assets€8k
Equity€-23k
Debt€31k
of which ≤ 1y€31k
of which > 1y-
Working capital€-26k
Employees (FTE)-
Ratios (computed)
2022
Current ratio0.15
Quick ratio0.15
Working capital ratio-330.9%
Solvency-291.2%
Debt / equity-1.34
Long-term debt ratio-
Interest coverage-2738.58
Gross margin-
Net margin-
ROA-315.1%
ROE108.2%
EBITDA margin-
Days sales outstanding-
Days payable outstanding-
Inventory turnover-
Days inventory (DSI)-
Balance-sheet composition 2022
Full annual accounts
Filed balance sheet and income statement, exactly as deposited with the NBB.
Line item Code2022
Balance sheet, Assets
TOTAL ASSETS 20/58€8k
Fixed assets 21/28€3k
Tangible fixed assets 22/27€3k
Current assets 29/58€5k
Amounts receivable within one year 40/41€3k
Cash & bank 54/58€2k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES 10/49€8k
Equity 10/15€-23k
Contributions / capital 10/11€5k
Accumulated profits (losses) 14€-28k
Amounts payable 17/49€31k
Amounts payable within one year 42/48€31k
Trade debts payable within one year 44€157
Income statement
Gross operating margin 9900€-20k
Operating result 9901€-25k
Financial income 75€0
Financial charges 65€9
Result before taxes 9903€-25k
Net result for the period 9904€-25k
Result to be appropriated 9905€-25k
Ratios computed by Checked.

Health barometer

FY 2022 · computed
10 / 100 Critical
050100
Computed from 4 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.

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Computed by Checked from the NBB filing for FY 2022. Indicative, not credit advice.

Structure & network

Locations & real estate

Registered office

from the Crossroads Bank
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.

Rue Haute - ATHUS 216791 Aubange

Establishment units

1 location
AVG
Rue Haute - ATHUS 21, 6791 AubangeDetailhandel in computers, randapparatuur en software in gespecialiseerde winkels
since 20212.322.253.244
Physical sites registered in the Crossroads Bank for Enterprises (CBE).

Publications

Lifecycle & Insolvency Signals

No insolvency signals in the Belgian State Gazette

Belgian State Gazette · acts

No structured acts for this company yet

That means one of two things: the company has published no company deeds, or its deeds are still queued for reading. The insolvency signals above come from a separate source; the KBO register is the second source and appears as the legal situation on this page.

Analysis

Snowflake analysis

financial profile on 5 axes
Health10Profitability100Solvency33Growth-Stability79
56 / 100

Mixed profile: strong on profitability, weaker on health.

Computed on 4 of 5 axes. Not measured: growth. An unmeasured axis is not a zero: no data was read for it.

Health 10
Profitability 100
Solvency 33
Growth -
Stability 79

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AI due-diligence brief

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Credit advice

verdict per customer and amount

Should this customer buy amount X on invoice? Enter the amount and payment terms, you get an instant GREEN/AMBER/RED verdict, with a suggested ceiling and concrete conditions.

Based on official sources (NBB, CBE, State Gazette). Indicative, not credit advice.

Similar

Similar companies

Same sector and region
We hold no filed accounts for this company, so a size comparison is not possible. These companies share only the sector and the region. We hold annual accounts for 443 of the 3,994 companies in this sector.

Company registry

Company registry (CBE)

Crossroads Bank
Activities
Stukadoorswerk43310Activiteiten op het gebied van computerconsultancy en beheer van computerfaciliteiten62200
Primary activity highlighted.
Names & trade names
Legal nameFR AVG
Registered office
Rue Haute - ATHUS 21
6791 Aubange, Belgium
Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.