ACTIVE

AVANTGARDE

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Financial year 2025 · closed on 30/09/2025

Net result

-411 k €

+35.7% YoY

Gross margin

-7,9 k €

+17.9% YoY

Equity

91,8 k €

-81.7% YoY

Workforce

0,0 ETP

What does AVANTGARDE do?

AVANTGARDE is a Public limited company incorporated in 1996. Its main activity is: Management consultancy activities. Its registered office is in Brasschaat.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0457.304.520

Incorporation

06/03/1996

Legal form

Public limited company

Registered office

Bredabaan 437 box 1001
2930 Brasschaat · FlandreSee on map

Contributed capital

198 314,82 €

Latest accounts

30/09/2025

Average workforce

0,0 ETP

Activities (NACE)

70200Management consultancy activities· main 70220Business and other management consultancy activities 74142Specialised design activities

Contacts

1 public detail availableLog in to view

Signals

Solid equityGood liquidity

View the BCE/KBO Public Search record →

Health score

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✦ Verdict · Analyst summary

Financials

Trend over 17 financial years

	2025		2024		2023		2022		2021		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008
Income statement
Gross margin	-7,9 k €	+17.9%	-9,7 k €	-1.5%	-9,5 k €	+35.2%	-14,7 k €	+93.1%	-213,9 k €	-860%	-22,3 k €	-126%	85,5 k €	+42.5%	60 k €	+0.4%	59,8 k €	-0.4%	60 k €	+0.2%	59,9 k €	+1.4%	59,1 k €	-0.2%	59,2 k €	+4.7%	56,5 k €	-42.2%	97,8 k €	-15.9%	116,2 k €	+24.9%	93 k €
EBITDA	-428,1 k €	-3665%	-11,4 k €	-2.0%	-11,1 k €	+27.3%	-15,3 k €	+92.9%	-215,3 k €	-316%	-51,8 k €	-172%	72 k €	+22.3%	58,9 k €	+0.7%	58,5 k €	-0.7%	58,9 k €	+0.2%	58,8 k €	+1.4%	58 k €	+1.3%	57,3 k €	+5.6%	54,2 k €	-43.1%	95,4 k €	-16.4%	114,1 k €	+25.6%	90,8 k €
Operating result	-428,1 k €	-3665%	-11,4 k €	+18.1%	-13,9 k €	+65.9%	-40,7 k €	+83.1%	-240,7 k €	-212%	-77,1 k €	-256%	49,4 k €	-16.1%	58,9 k €	+0.7%	58,5 k €	-0.7%	58,9 k €	+0.2%	58,8 k €	+2.2%	57,5 k €	+11.6%	51,6 k €	+6.3%	48,5 k €	-45.9%	89,6 k €	-17.3%	108,4 k €	+27.3%	85,1 k €
Net result	-411 k €	+35.7%	-638,8 k €	-2838%	23,3 k €	+535%	3,7 k €	+102%	-198,6 k €	-510%	-32,6 k €	-107%	441,6 k €	+106%	214 k €	+505%	35,4 k €	+3.8%	34,1 k €	-19.0%	42,1 k €	-76.1%	176,4 k €	+558%	26,8 k €	+25.7%	21,3 k €	-39.7%	35,4 k €	-30.8%	51,1 k €	+148%	20,6 k €
Balance sheet
Equity	91,8 k €	-81.7%	502,7 k €	-62.0%	1,3 M €	+1.8%	1,3 M €	-4.7%	1,4 M €	-12.2%	1,6 M €	-6.2%	1,7 M €	+36.4%	1,2 M €	+21.4%	999 k €	+3.7%	963,6 k €	+3.7%	929,6 k €	+0.8%	922,5 k €	+13.5%	812,7 k €	-11.6%	919,2 k €	+2.4%	897,9 k €	+4.1%	862,6 k €	+6.3%	811,4 k €
Total assets	155,3 k €	-79.9%	774,6 k €	-47.0%	1,5 M €	-4.2%	1,5 M €	-3.3%	1,6 M €	-4.6%	1,7 M €	-5.7%	1,8 M €	+38.0%	1,3 M €	+21.6%	1 M €	+2.7%	1 M €	-0.3%	1 M €	-3.6%	1,1 M €	-23.6%	1,4 M €	-1.0%	1,4 M €	+0.3%	1,4 M €	-2.5%	1,4 M €	-7.1%	1,5 M €
Cash	35,1 k €	-58.7%	84,9 k €	+3882%	2,1 k €	-42.6%	3,7 k €	-98.2%	204,8 k €	+1933%	10,1 k €	-89.0%	92 k €	+27.9%	71,9 k €	+56.9%	45,8 k €	+157%	17,9 k €	+9.6%	16,3 k €	+140%	6,8 k €	-28.1%	9,5 k €	-15.1%	11,1 k €	+434%	2,1 k €	-96.8%	64,3 k €	+20.8%	53,3 k €
Debts	62,8 k €	-76.9%	271,9 k €	+94.6%	139,7 k €	-38.6%	227,7 k €	+5.4%	215,9 k €	+110%	102,6 k €	+1.9%	100,7 k €	+71.5%	58,7 k €	+25.4%	46,8 k €	-13.7%	54,2 k €	-40.6%	91,3 k €	-32.9%	136 k €	-76.2%	572 k €	+21.2%	472 k €	-2.7%	485,1 k €	-14.1%	564,6 k €	-22.1%	724,9 k €
Other
Workforce	0,0 ETP		0,0 ETP		–		–		–		–		–		–		–		–		–		–		–		–		–		–		–

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 30/09/2025 · 1 active · 6 ended

Active mandates

Paul Hermans

Director · since 23 juin 2020

Active

Ended mandates

Paul Hermans

Managing director · since 23 juin 2020

Ended

Marie-Christine De Spiegeleer

Director · until 05 mars 2012

Ended

Marie-Christine De Spiegeleer

Director

Ended

Paul Hermans

Managing director · until 23 juin 2020

Ended

At this address

Other companies at this address

Company	CBE no.
Vereniging van Mede-eigenaars van het appartementsgebouw residentie FIRENZE te Brasschaat, Bredabaan 437● Active	0839.374.652

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Abridged model	Micro model	Micro model	Micro model	Micro model
Start of the financial year	01/10/2024	01/10/2023	01/10/2022	01/10/2021	01/10/2020	01/10/2019
Closing of the financial year	30/09/2025	30/09/2024	30/09/2023	30/09/2022	30/09/2021	30/09/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	30/04/2026	25/04/2025	29/04/2024	31/03/2023	28/04/2022	03/03/2021
General meeting	02/03/2026	03/03/2025	04/03/2024	06/03/2023	07/03/2022	01/03/2021
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
Abridged model	30/09/2025	02/03/2026	30/04/2026	Dutch	PDF
Abridged model	30/09/2024	03/03/2025	25/04/2025	Dutch	PDF
Micro model	30/09/2023	04/03/2024	29/04/2024	Dutch	PDF
Micro model	30/09/2022	06/03/2023	31/03/2023	Dutch	PDF
Micro model	30/09/2021	07/03/2022	28/04/2022	Dutch	PDF
Micro model	30/09/2020	01/03/2021	03/03/2021	Dutch	PDF
Micro model	30/09/2019	02/03/2020	04/03/2020	Dutch	PDF
Micro model	30/09/2018	04/03/2019	26/04/2019	Dutch	PDF
Abridged model	30/09/2017	05/03/2018	13/04/2018	Dutch	PDF
Abridged model	30/09/2016	06/03/2017	27/03/2017	Dutch	PDF
Abridged model	30/09/2015	07/03/2016	11/04/2016	Dutch	PDF
Abridged model	30/09/2014	02/03/2015	16/03/2015	Dutch	PDF
Abridged model	30/09/2013	03/03/2014	07/04/2014	Dutch	PDF
Abridged model	30/09/2012	04/03/2013	13/05/2013	Dutch	PDF
Abridged model	30/09/2011	05/03/2012	15/03/2012	Dutch	PDF
Abridged model	30/09/2010	07/03/2011	09/03/2011	Dutch	PDF
Abridged model	30/09/2009	01/03/2010	08/03/2010	Dutch	PDF
Abridged model	30/09/2008	02/03/2009	13/03/2009	Dutch	PDF
Abridged model	30/09/2007	01/03/2008	10/03/2008	Dutch	PDF
Abridged model	30/09/2006	01/03/2007	12/04/2007	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 30/09/2025 · 1 active · 6 ended

Active mandates

Paul Hermans

Director · since 23 juin 2020

Active

Ended mandates

Paul Hermans

Managing director · since 23 juin 2020

Ended

Marie-Christine De Spiegeleer

Director · until 05 mars 2012

Ended

Marie-Christine De Spiegeleer

Director

Ended

Paul Hermans

Managing director · until 23 juin 2020

Ended

Shareholders

Ownership and network

Looking for more information about this company?

Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Registered office01/09/2026
Zetel (zetelverplaatsing)
PDF
Registered office29/08/2025
MAATSCHAPPELIJKE ZETEL
PDF
Mandates02/07/2020
ONTSLAGEN - BENOEMINGEN
PDF
Mandates26/11/2018
MAATSCHAPPELIJKE ZETEL - ONTSLAGEN - BENOEMINGEN
PDF
Mandates19/04/2016
ONTSLAGEN - BENOEMINGEN
PDF
Mandates22/03/2012
ONTSLAGEN - BENOEMINGEN
PDF
Mandates01/04/2010
ONTSLAGEN - BENOEMINGEN
PDF
Mandates22/12/2009
MAATSCHAPPELIJKE ZETEL - 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 2025-411 k €↑
2024
Annual accounts 2024-638,8 k €↓
2023
Annual accounts 202323,3 k €↑
2022
Annual accounts 20223,7 k €↑
2021
Annual accounts 2021-198,6 k €↓
2019
Annual accounts 2019-32,6 k €↓
2018
Annual accounts 2018441,6 k €↑
2017
Annual accounts 2017214 k €↑
2016
Annual accounts 201635,4 k €↑
2015
Annual accounts 201534,1 k €↓
2014
Annual accounts 201442,1 k €↓
2013
Annual accounts 2013176,4 k €↑
2012
Annual accounts 201226,8 k €↑
2011
Annual accounts 201121,3 k €↓
2010
Annual accounts 201035,4 k €↓
2009
Annual accounts 200951,1 k €↑
2008
Annual accounts 200820,6 k €
06/03/1996
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

AVANTGARDE

Overview

What does AVANTGARDE do?

Trend over 17 financial years

Indicative valuation

Board of directors

Other companies at this address

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