ACTIVE

AVAN

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Financial year 2025 · closed on 31/12/2025

Net result

-20 k €

-470.0% YoY

Gross margin

9,3 k €

-72.0% YoY

Equity

168,2 k €

-10.6% YoY

What does AVAN do?

AVAN is a Public limited company incorporated in 1991. Its registered office is in Oostende.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0446.051.926

Incorporation

23/12/1991

Legal form

Public limited company

Registered office

Resedalaan 11
8400 Oostende · FlandreSee on map

Contributed capital

62 000,00 €

Latest accounts

31/12/2025

Signals

Solid equityPositive cashflowPositive EBITDA

View the BCE/KBO Public Search record →

Health score

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✦ Verdict · Analyst summary

Financials

Trend over 20 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	9,3 k €	-72.0%	33,2 k €	+963%	3,1 k €	-50.0%	6,3 k €	-77.1%	27,2 k €	-36.3%	42,8 k €	+9.7%	39 k €	-3.3%	40,3 k €	+1.4%	39,8 k €	-8.3%	43,4 k €	+15.6%	37,5 k €	+10.1%	34,1 k €	+13.9%	29,9 k €	+344%	6,7 k €	+28.4%	5,2 k €	-36.9%	8,3 k €	+19.6%	6,9 k €	-3.6%	7,2 k €	+24.7%	5,8 k €	-79.3%	27,9 k €
EBITDA	3,3 k €	-87.7%	27,1 k €	+1129%	-2,6 k €	-389%	910,6 €	-95.8%	21,9 k €	-41.8%	37,7 k €	+10.3%	34,2 k €	-3.4%	35,4 k €	+0.3%	35,3 k €	-12.1%	40,1 k €	+12.9%	35,5 k €	+16.2%	30,6 k €	+20.5%	25,4 k €	+185%	8,9 k €	+421%	1,7 k €	-77.4%	7,6 k €	+220%	2,4 k €	-58.1%	5,6 k €	-13.4%	6,5 k €	-73.2%	24,2 k €
Operating result	-20,8 k €	-806%	2,9 k €	+111%	-27,1 k €	-13.9%	-23,8 k €	-660%	-3,1 k €	-123%	13,7 k €	+67.2%	8,2 k €	-3.0%	8,4 k €	-35.1%	13 k €	-28.1%	18,1 k €	+46.4%	12,3 k €	-6.5%	13,2 k €	+38.0%	9,6 k €	+49.7%	6,4 k €	+896%	-802,1 €	-116%	5 k €	+612%	-984,7 €	-143%	2,3 k €	-23.1%	3 k €	-85.6%	20,6 k €
Net result	-20 k €	-470%	5,4 k €	+120%	-26,5 k €	-15.1%	-23 k €	-399%	-4,6 k €	-147%	9,8 k €	+65.2%	6 k €	+45.7%	4,1 k €	-19.3%	5,1 k €	-61.3%	13,1 k €	+184%	4,6 k €	-39.7%	7,7 k €	-93.7%	120,8 k €	+30629%	393,2 €	+108%	-4,7 k €	-401%	1,5 k €	+198%	-1,6 k €	-235%	1,2 k €	+289%	-622,8 €	-107%	9,2 k €
Balance sheet
Equity	168,2 k €	-10.6%	188,2 k €	+2.0%	184,5 k €	-12.6%	211 k €	-9.8%	234 k €	-1.9%	238,6 k €	+4.3%	228,8 k €	+1.8%	224,8 k €	+9.1%	206 k €	+2.5%	200,9 k €	+1.6%	197,8 k €	+2.4%	193,2 k €	+3.3%	187 k €	+182%	66,2 k €	+0.6%	65,8 k €	-6.6%	70,5 k €	+2.2%	68,9 k €	-2.2%	70,5 k €	+1.7%	69,3 k €	-0.9%	70 k €
Total assets	413,6 k €	-6.3%	441,3 k €	-0.9%	445,4 k €	-7.5%	481,6 k €	-6.1%	513 k €	-3.0%	529,1 k €	-0.0%	529,2 k €	-2.5%	542,7 k €	+3.6%	523,6 k €	-10.4%	584,1 k €	-5.2%	615,8 k €	-3.7%	639,2 k €	-4.3%	667,9 k €	+210%	215,3 k €	-1.8%	219,1 k €	-0.7%	220,7 k €	-2.3%	226 k €	-0.8%	227,8 k €	-3.5%	235,9 k €	+1.3%	233 k €
Cash	42 k €	-51.7%	87,1 k €	+48.4%	58,7 k €	-19.3%	72,7 k €	-10.2%	81 k €	-1.8%	82,5 k €	-20.9%	104,3 k €	+11.2%	93,8 k €	-3.0%	96,7 k €	-30.1%	138,2 k €	-5.5%	146,3 k €	-16.7%	175,7 k €	-8.0%	191 k €		–		905,5 €		–		2,7 k €	+109%	1,3 k €	-78.7%	6,1 k €		–
Debts	215,1 k €	-4.0%	224,2 k €	-2.0%	228,7 k €	-3.4%	236,6 k €	-2.7%	243,2 k €	-3.8%	252,9 k €	-3.2%	261,3 k €	-5.5%	276,6 k €	+6.5%	259,6 k €	-19.6%	322,8 k €	-8.8%	353,8 k €	-4.6%	371 k €	-7.9%	402,9 k €	+170%	149 k €	-0.2%	149,3 k €	+0.8%	148 k €	-2.9%	152,5 k €	-3.0%	157,3 k €	-5.6%	166,6 k €	+3.6%	160,8 k €

Estimate

Indicative valuation

As an indication, this company is worth

between 0 € and 100 k€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 2 active · 8 ended

Active mandates

Marianne Avereyn

Director · since 23 mars 2011 · until 22 mars 2029

Active

Roland Vanderleen

Director · since 23 mars 2011 · until 22 mars 2029

Active

Ended mandates

Marianne Avereyn

Managing director · since 23 mars 2011 · until 23 mars 2017

Ended

Marianne Avereyn

Managing director · since 23 mars 2011 · until 23 mars 2023

Ended

Marianne Avereyn

Managing director · since 23 mars 2011 · until 22 mars 2029

Ended

Roland Vanderleen

Managing director · since 27 mars 1999 · until 14 mars 2017

Ended

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Micro model	Micro model	Micro model	Micro model	Micro model	Micro model
Start of the financial year	01/01/2025	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020
Closing of the financial year	31/12/2025	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	17/08/2026	28/08/2025	30/08/2024	18/08/2023	25/08/2022	27/08/2021
General meeting	06/06/2026	07/06/2025	01/06/2024	03/06/2023	04/06/2022	05/06/2021
Currency of the financial year	EUR	EUR	EUR	EUR	EUR	EUR
NBB quality label	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls

Ratios

Financial ratios

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Filings

Annual accounts filings

20 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Micro model	31/12/2025	06/06/2026	17/08/2026	Dutch	PDF
Micro model	31/12/2024	07/06/2025	28/08/2025	Dutch	PDF
Micro model	31/12/2023	01/06/2024	30/08/2024	Dutch	PDF
Micro model	31/12/2022	03/06/2023	18/08/2023	Dutch	PDF
Micro model	31/12/2021	04/06/2022	25/08/2022	Dutch	PDF
Micro model	31/12/2020	05/06/2021	27/08/2021	Dutch	PDF
Micro model	31/12/2019	06/06/2020	09/10/2020	Dutch	PDF
Micro model	31/12/2018	01/06/2019	30/08/2019	Dutch	PDF
Micro model	31/12/2017	02/06/2018	21/08/2018	Dutch	PDF
Micro model	31/12/2016	03/06/2017	31/08/2017	Dutch	PDF
Abridged model	31/12/2015	04/06/2016	31/08/2016	Dutch	PDF
Abridged model	31/12/2014	06/06/2015	28/08/2015	Dutch	PDF
Abridged model	31/12/2013	07/06/2014	29/08/2014	Dutch	PDF
Abridged model	31/12/2012	01/06/2013	08/07/2013	Dutch	PDF
Abridged model	31/12/2011	02/06/2012	17/07/2012	Dutch	PDF
Abridged model	31/12/2010	26/03/2011	27/07/2011	Dutch	PDF
Abridged model	31/12/2009	27/03/2010	23/08/2010	Dutch	PDF
Abridged model	31/12/2008	28/03/2009	28/07/2009	Dutch	PDF
Abridged model	31/12/2007	29/03/2008	28/08/2008	Dutch	PDF
Abridged model	31/12/2006	24/03/2007	20/09/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 0 € and 100 k€

The detail comes with the Business plan: low and high bounds, the valuation bridge for each financial year, transaction multiples by sector and size, group valuation and exports.

Discover the Business plan

Disclaimer

Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.

Governance

Board of directors

Seen on filing of 31/12/2025 · 2 active · 8 ended

Active mandates

Marianne Avereyn

Director · since 23 mars 2011 · until 22 mars 2029

Active

Roland Vanderleen

Director · since 23 mars 2011 · until 22 mars 2029

Active

Ended mandates

Marianne Avereyn

Managing director · since 23 mars 2011 · until 23 mars 2017

Ended

Marianne Avereyn

Managing director · since 23 mars 2011 · until 23 mars 2023

Ended

Marianne Avereyn

Managing director · since 23 mars 2011 · until 22 mars 2029

Ended

Roland Vanderleen

Managing director · since 27 mars 1999 · until 14 mars 2017

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates05/05/2023
ONTSLAGEN - BENOEMINGEN
PDF
Mandates14/06/2017
ONTSLAGEN - BENOEMINGEN
PDF
Restructuring12/04/2013
ALGEMENE VERGADERING - RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
PDF
Restructuring18/12/2012
RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
PDF
Mandates11/04/2011
KAPITAAL - AANDELEN - ONTSLAGEN - BENOEMINGEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Mandates23/05/2007
ONTSLAGEN - BENOEMINGEN
PDF

Source: Belgian Official Gazette

Competition

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

2025
Annual accounts 2025-20 k €↓
2024
Annual accounts 20245,4 k €↑
2023
Annual accounts 2023-26,5 k €↓
2022
Annual accounts 2022-23 k €↓
2021
Annual accounts 2021-4,6 k €↓
2020
Annual accounts 20209,8 k €↑
2019
Annual accounts 20196 k €↑
2018
Annual accounts 20184,1 k €↓
2017
Annual accounts 20175,1 k €↓
2016
Annual accounts 201613,1 k €↑
2015
Annual accounts 20154,6 k €↓
2014
Annual accounts 20147,7 k €↓
2013
Annual accounts 2013120,8 k €↑
2012
Annual accounts 2012393,2 €↑
2011
Annual accounts 2011-4,7 k €↓
2010
Annual accounts 20101,5 k €↑
2009
Annual accounts 2009-1,6 k €↓
2008
Annual accounts 20081,2 k €↑
2007
Annual accounts 2007-622,8 €↓
2006
Annual accounts 20069,2 k €
23/12/1991
IncorporationPublic limited company

10/15	1 240 000	1 180 000	1 050 000
70	8 630 000	8 120 000	7 940 000
9904	412 000	388 000	301 000
17/49	2 970 000	3 140 000	3 380 000
9087	24,3	23,1	21,8

AVAN

Overview

What does AVAN do?

Trend over 20 financial years

Indicative valuation

Board of directors

Financials

Full financial information

Financial ratios

Annual accounts filings

Valuation

Indicative valuation

Directors & structure

Board of directors

Ownership and network

Publications

Belgian Official Gazette publications

Similar companies

Similar companies

Timeline