Avellana
ActiveSummary
Avellana has been active since 1990 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €870k and a net result of €407k. Equity is shrinking by ~2.8% per year across the filed fiscal years. Its solvency ranks better than 11% of 1736 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
60
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability22▲+9
Solvency30▲+1
Growth58▲+26
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €50k at 30 days acceptable
Liquidity short (current ratio 0.12 against 0.02 in 2024; short-term debt: 34.8% of total assets), and 94.8% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Six 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 01
Relative position
BE, all sectors
reference
Sector 01
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
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
5.2%
Return on assets
2.4%
Age of the figures
18 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 11% of 1736 sector peers (2025).
NBB · sector comparisonPosition among 1736 sector peers
Solvency
better than 11%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2025 was due by 31-10-2025 and was filed on 22-09-2025, 39 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
39 d early
2024
17 d early
2023
4 d early
2022
19 d early
2020
31 d late
2019
87 d late
2018
20 d late
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-03-2026 and is due by 31-10-2026. Nothing is late today.
Companies Code · seven monthsPosition in the running window
31-03-2026 close24-09-2026 today31-10-2026 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€870k▲ 87.7%
2024 · €464k
2018: €975k
2019: €1.03M
2020: €1.19M
2022: €1.24M
2023: €978k
2024: €464k
2018 → 2025
Total assets
€16.66M▲ 38.2%
2024 · €12.06M
2018: €1.37M
2019: €1.38M
2020: €1.25M
2022: €1.28M
2023: €11.69M
2024: €12.06M
2018 → 2025
Net result
€407k
2024 · €-514k
2018: €45k
2019: €59k
2020: €181k
2022: €50k
2023: €-263k
2024: €-514k
2018 → 2025
Working capital
€-5.11M▼ 226%
2024 · €-1.57M
2018: €-183k
2019: €-131k
2020: €163k
2022: €207k
2023: €-10.70M
2024: €-1.57M
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202022202320242025Trend
Equity€1.19M-€1.24M▲ 4.2%€978k▼ 21.2%€464k▼ 52.6%€870k▲ 87.7%
Operating result€248k-€68k▼ 72.8%€-185k€-57k▲ 69.3%€-467k▼ 723%
Net result€181k-€50k▼ 72.6%€-263k€-514k▼ 95.4%€407k
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €467k in 2025 against €57k in 2024; the loss grows and 2025 has the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €16.66M
Fixed assets
€15.98M ▲ 32.8%
Current assets
€679k ▲ 2,674%
Equity and liabilities €16.66M
Equity
€870k ▲ 87.7%
Debt
€15.79M ▲ 36.2%
Debt's share of the balance-sheet total falls from 96.2% to 94.8%. Equity and debt are higher.
Key figures and ratios
EBITDA
€-3k▼
2024 · €4k
Cash flow
€870k▲
2024 · €-454k
Current ratio
0.12▲
2024 · 0.02
Debt to equity
18.15▼
2024 · 25.02
ROE
46.7%▲
2024 · -111.0%
ROA
2.4%▲
2024 · -4.3%
Interest coverage
-0.01▼
2024 · 0.01
Debt ≤ 1 year
€5.79M▲
2024 · €1.60M
Debt > 1 year
€10.00M=
2024 · €10.00M
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 · 2025 against 2024 · 43 lines
Balance sheet
Code20242025
Assets
Total assets20/58€12.06M€16.66M▲
Fixed assets21/28€12.03M€15.98M▲
Tangible fixed assets22/27€3.37M€7.32M▲
Land and buildings22€3.34M€7.29M▲
Other tangible fixed assets26€31k€30k▼
Financial fixed assets28€8.66M€8.66M=
Current assets29/58€24k€679k▲
Amounts receivable within one year40/41€24k€679k▲
Trade receivables40€21k€678k▲
Other amounts receivable41€4k€1k▼
Equity and liabilities
Total equity and liabilities10/49€12.06M€16.66M▲
Equity10/15€464k€870k▲
Contributions10/11€714k€714k=
Capital10€714k€714k=
Issued capital100€714k€714k=
Reserves13€71k€71k=
Non-distributable reserves130/1€71k€71k=
Legal reserve130€71k€71k=
Profit (loss) carried forward14€-322k€85k▲
Amounts payable17/49€11.60M€15.79M▲
Amounts payable after more than one year17€10.00M€10.00M=
Financial debts170/4€10.00M€10.00M=
Amounts payable within one year42/48€1.60M€5.79M▲
Financial debts43€1.58M€5.79M▲
Credit institutions430/8€1.58M€5.79M▲
Trade debts44€20k€3k▼
Suppliers440/4€20k€3k▼
Taxes, remuneration and social security45-€1k
Taxes450/3-€1k
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€61k€464k▲
Other operating charges640/8€5k€10k▲
Non-recurring operating charges66A-€0
Gross operating margin9900€8k€6k▼
Operating profit (loss)9901€-57k€-467k▼
Financial income75/76B-€1.40M
Recurring financial income75-€1.40M
Financial charges65/66B€458k€526k▲
Recurring financial charges65€458k€526k▲
Profit (loss) for the period before taxes9903€-514k€407k▲
Profit (loss) for the period9904€-514k€407k▲
Profit (loss) for the period to be appropriated9905€-514k€407k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-322k€85k▲
Profit (loss) brought forward from the previous period14P€193k€-322k▼
The notes to these accounts (10 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
03-09
State Gazette act
Resignation: Stefaan Vandamme (director)Appointment: Michael Hamelryck (non-statutory director) · Name change · Director discharge6 facts ▸
State Gazette act
Resignation: Stefaan Vandamme (director)
Appointment: Michael Hamelryck (non-statutory director) · Name change · Director discharge6 facts ▸
- General meeting, 24-08-2026
- Name change, Avellana
- Director resignation, Stefaan Vandamme (director)
- Director discharge, Stefaan Vandamme
- Director appointment, Michael Hamelryck (non-statutory director)
- Mandate compensation, Michael Hamelryck
25-08
State Gazette act
RestructuringAppointment: Ernst en Young Bedrijfsrevisoren (statutory auditor) · Demerger · Merger14 facts ▸
State Gazette act
Restructuring
Appointment: Ernst en Young Bedrijfsrevisoren (statutory auditor) · Demerger · Merger14 facts ▸
- Demerger, Overdracht van agrarisch onroerend goed van Colim NV naar Bavingsveld NV
- Merger, Société Agricole de Meester wordt opgeheven zonder vereffening en haar vermogen gaat over naar Bavingsveld NV
- Capital, €1.289.362.584,8
- Capital, €713.996,4
- Accounting effect, 01-10-2026
- Accounting effect, 01-10-2026
- Auditor appointment, Ernst en Young Bedrijfsrevisoren
- Name change, Nirmana Retail
- Name change, Avellana
- Capital reduction, 13.554.500,95, Partiële Splitsing
- Capital increase, €13.554.500,95
- Share issue, EUR, 814967
- +2 further facts in this act
25-08
State Gazette act
RestructuringDemerger · Merger · Capital7 facts ▸
State Gazette act
Restructuring
Demerger · Merger · Capital7 facts ▸
- Demerger, scission partielle, 814967
- Merger, fusion par absorption, 01-10-2026
- Capital, €1.289.362.584,8
- Capital, €713.996,4
- Accounting effect, 01-10-2026
- Accounting effect, 01-10-2026
- Auditor instruction, commissaire, rédiger le rapport de révision conformément aux articles 7:179 et 7:197 du CSA
2025
22-09
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
31-03
Financial
Back to profitnet €407k
Net result €407k after 2 loss-making years.
31-03
Financial
Equity above €500kEq €870k ▲87.7%
Equity rises from €464k to €870k.
2024
14-10
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
31-03
Financial
Weakest financial yearnet €-514k
Net result drops to €-514k, the lowest in the series; recovery starts the following year.
2023
27-10
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2022
12-10
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2021
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 31 days late
2020
31-12
Financial
Liquidity times 20current ratio 9.98
Current ratio from 0.51 to 9.98; short-term debt falls from €266k to €18k.
Show earlier events
26-10
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 87 days late
2019
31-12
Financial
Equity above €1MEq €1.03M ▲6.1%
2 profitable years in a row build equity to €1.03M.
20-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 20 days late
2018
24-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 24 days late
2017
31-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
2016
26-08
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 26 days late
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
1 director, no change since 2026
Michael Hamelryck
CurrentNon-statutory director · since 01-08-2026
01-08-2026
Michael Hamelryck: Appointed as Non-statutory director
01-08-2026
Stefaan Vandamme: Resigned as Director
Location & real-estate footprint
Registered office, Halle · 1 establishment unit since 1991
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.
Edingensesteenweg 1961500 HalleGround area
3.4 ha
Building footprint
9,992 m²
Volume, LiDAR
151,381 m³
2 parcels, Flanders · tallest building 27.2 m, ±6 floors. Linked by address, not a title deed.
1 establishment unit
BAVINGSVELD
since 19912.052.032.030
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23027F0207/00V000 | Flanders | 3.1 ha | 1 · 9,052 m² | 27.2 m · 6 fl. |
| 71027A0221/00E000 | Flanders | 3,511 m² | 1 · 941 m² | 10.2 m · 2 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.
Statutory auditor
1 auditor| Ernst en Young BedrijfsrevisorenCurrent Auditor | 18-08-2026 → present |
Articles of association
Purpose
La société a pour objet: I.Activités spécifiques A/ Toutes activités relatives à l'agriculture (professionnelle et biologique)... [full text omitted for brevity in thought, present…
Full purpose
La société a pour objet: I.Activités spécifiques A/ Toutes activités relatives à l'agriculture (professionnelle et biologique)... [full text omitted for brevity in thought, present in quote]
Structure & network
Connections & network
32 connected companiesLinked via shared directors
via Michael Hamelryck · Director
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via Michael Hamelryck · Director
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via Michael Hamelryck · Director
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via Michael Hamelryck · Director
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Show 28 more companies with a shared director
via Michael Hamelryck · Director
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via Michael Hamelryck · Director
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via Michael Hamelryck · Non-statutory director
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via Michael Hamelryck · Non-statutory director
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via Michael Hamelryck · Director
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via Michael Hamelryck · Non-statutory director
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via Michael Hamelryck · Non-statutory director
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via Michael Hamelryck · Director
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via Michael Hamelryck · Director
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via Michael Hamelryck · Director
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via Michael Hamelryck · Director
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via Michael Hamelryck · Non-statutory director
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via Michael Hamelryck · Director
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via Michael Hamelryck · Director
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via Michael Hamelryck · Director
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via Michael Hamelryck · Director
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via Michael Hamelryck · Director
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via Michael Hamelryck · Director
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via Michael Hamelryck · Director
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via Michael Hamelryck · Director
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via Michael Hamelryck · Director
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via Michael Hamelryck · Non-statutory director
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via Michael Hamelryck · Director
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via Michael Hamelryck · Non-statutory director
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via Michael Hamelryck · Non-statutory director
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via Michael Hamelryck · Non-statutory director
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via Michael Hamelryck · Director
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via Michael Hamelryck · Director
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Acquisitions and mergers
2 transactionsTook over:Société Agricole de Meester
Received in a demerger part of:Colim NV
Capital and shareholders
Capital over the years
- 25-08-2026 Capital increase of 13,554,500.95 EUR
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Of 20,588 companies in sector 01500 we hold annual accounts for 1,149. 812 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 formPublic limited company
Founded10-07-1990
Fiscal year end31-03
Legal name NL
BAVINGSVELD
Activities, NACEBEL 2025
01500Mixed farming
Sources
Crossroads Bank for EnterprisesNational Bank · 34 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.