OPENING OF BANKRUPTCY

AAVES

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Financial year 2022 · closed on 31/12/2022

Net result

103,5 k €

+369.7% YoY

Gross margin

270,3 k €

+109.7% YoY

Equity

156 k €

+197.5% YoY

Workforce

4,0 ETP

+25.0% YoY

Company — Opening of bankruptcy.

What does AAVES do?

AAVES is a Private limited company incorporated in 2010. Its main activity is: Retail sale of other household equipment in specialised stores. Its registered office is in Sint-Niklaas. It employs on average 4,0 ETP workers (FTE).

Legal situation

● Opening of bankruptcy

BCE/KBO no. / VAT

BE 0829.690.686

Incorporation

29/09/2010

Legal form

Private limited company

Registered office

Vijfstraten 207
9100 Sint-Niklaas · FlandreSee on map

Contributed capital

80 000,00 €

Latest accounts

31/12/2022

Average workforce

4,0 ETP

Activities (NACE)

47552Retail sale of other household equipment in specialised stores· main 47592Retail sale of furniture, lighting equipment and other household articles in specialised stores 46643Wholesale of machinery for the textile industry and of sewing and knitting machines 46693Wholesale of other machinery and equipment 68201Rental and operating of own or leased real estate 68201Rental and operating of own or leased real estate

Signals

ProfitableGood liquidityPositive cashflowPositive EBITDAHealthy social debts

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✦ Verdict · Analyst summary

Financials

Trend over 12 financial years

	2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011
Income statement
Gross margin	270,3 k €	+110%	128,9 k €	-5.8%	136,9 k €	-35.2%	211,2 k €	+31.5%	160,6 k €	-31.1%	233 k €	-14.0%	271,1 k €	+52.1%	178,2 k €	+55.4%	114,7 k €	-44.3%	205,9 k €	+63.5%	126 k €	-21.8%	161 k €
EBITDA	102,9 k €	+383%	-36,3 k €	-387%	12,7 k €	-19.1%	15,6 k €	+134%	-45,8 k €	-227%	36 k €	-42.5%	62,6 k €	+688%	-10,6 k €	+48.0%	-20,5 k €	-126%	78,1 k €	+55.4%	50,3 k €	-65.9%	147,2 k €
Operating result	83,1 k €	+291%	-43,5 k €	-811%	6,1 k €	+359%	-2,4 k €	+96.7%	-71,4 k €	-1257%	6,2 k €	-81.1%	32,6 k €	+179%	-41,1 k €	+13.1%	-47,3 k €	-193%	50,9 k €	+1723%	2,8 k €	-97.4%	105,8 k €
Net result	103,5 k €	+370%	-38,4 k €	-405%	12,6 k €	+1157%	1 k €	+101%	-74,6 k €	-1017%	8,1 k €	-71.3%	28,4 k €	+180%	-35,7 k €	+15.6%	-42,3 k €	-200%	42,4 k €	+278%	11,2 k €	-83.6%	68,6 k €
Balance sheet
Equity	156 k €	+197%	52,4 k €	-42.3%	90,8 k €	+16.1%	78,2 k €	+1.3%	77,2 k €	-49.2%	151,9 k €	+2.5%	148,2 k €	+19.2%	124,3 k €	-22.3%	160 k €	-20.9%	202,3 k €	+26.5%	159,9 k €	+83.3%	87,2 k €
Total assets	722,8 k €	+1.2%	714,1 k €	-5.6%	756,8 k €	-18.6%	929,8 k €	+18.7%	783,5 k €	-14.3%	914,3 k €	+12.7%	811,1 k €	-9.2%	893,2 k €	+2.5%	871 k €	+4.2%	835,6 k €	+22.0%	684,9 k €	+22.9%	557,3 k €
Cash	28,1 k €	+277%	7,5 k €	-87.5%	59,8 k €	+335%	13,7 k €	-65.0%	39,3 k €	+28.7%	30,5 k €	+57.1%	19,4 k €	+22.6%	15,8 k €	+87.0%	8,5 k €	-64.8%	24,1 k €	-6.8%	25,8 k €	+61.5%	16 k €
Debts	556,1 k €	-15.9%	661,6 k €	-0.6%	665,9 k €	-21.8%	851,6 k €	+23.2%	691,3 k €	-8.5%	755,3 k €	+15.0%	656,9 k €	-13.2%	756,6 k €	+7.3%	705,1 k €	+12.1%	628,8 k €	+21.2%	519 k €	+11.2%	466,8 k €
Other
Workforce	4,0 ETP	+25.0%	3,2 ETP	-22.0%	4,1 ETP	0.0%	4,1 ETP	+2.5%	4,0 ETP	-16.7%	4,8 ETP	-9.4%	5,3 ETP	+23.3%	4,3 ETP	+10.3%	3,9 ETP	+25.8%	3,1 ETP	+3.3%	3,0 ETP	+650%	0,4 ETP

Governance

Board of directors

Seen on filing of 31/12/2022 · 1 active · 3 ended

Active mandates

Gert Van Wolvelaer

Mandate

Active

Ended mandates

AAVES

Manager · since 23 septembre 2010 · 0829.690.686

Represented by Tom Waelput

Ended

ATW

Director · 0864.099.556

Represented by Tom Waelput

Ended

ATW

Manager · 0864.099.556

Represented by Tom Waelput

Ended

Annual accounts

Full financial information

	2022	2021	2020	2019	2018	2017
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model
Start of the financial year	01/01/2022	01/01/2021	01/01/2020	01/01/2019	01/01/2018	01/01/2017
Closing of the financial year	31/12/2022	31/12/2021	31/12/2020	31/12/2019	31/12/2018	31/12/2017
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	13/06/2023	01/07/2022	02/06/2021	20/07/2020	02/08/2019	01/06/2018
General meeting	04/05/2023	05/05/2022	06/05/2021	07/05/2020	02/05/2019	03/05/2018
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

12 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2022	04/05/2023	13/06/2023	Dutch	PDF
Abridged model	31/12/2021	05/05/2022	01/07/2022	Dutch	PDF
Abridged model	31/12/2020	06/05/2021	02/06/2021	Dutch	PDF
Abridged model	31/12/2019	07/05/2020	20/07/2020	Dutch	PDF
Abridged model	31/12/2018	02/05/2019	02/08/2019	Dutch	PDF
Abridged model	31/12/2017	03/05/2018	01/06/2018	Dutch	PDF
Abridged model	31/12/2016	04/05/2017	09/06/2017	Dutch	PDF
Abridged model	31/12/2015	06/05/2016	03/06/2016	Dutch	PDF
Abridged model	31/12/2014	07/05/2015	05/06/2015	Dutch	PDF
Abridged model	31/12/2013	02/05/2014	27/05/2014	Dutch	PDF
Abridged model	31/12/2012	02/05/2013	31/05/2013	Dutch	PDF
Abridged model	31/12/2011	03/05/2012	15/06/2012	Dutch	PDF

Estimate

Indicative valuation

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 31/12/2022 · 1 active · 3 ended

Active mandates

Gert Van Wolvelaer

Mandate

Active

Ended mandates

AAVES

Manager · since 23 septembre 2010 · 0829.690.686

Represented by Tom Waelput

Ended

ATW

Director · 0864.099.556

Represented by Tom Waelput

Ended

ATW

Manager · 0864.099.556

Represented by Tom Waelput

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates22/10/2024
ONTSLAGEN - BENOEMINGEN
PDF
Mandates28/12/2023
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM - ONTSLAGEN - BENOEMINGEN
PDF
Mandates14/01/2022
MAATSCHAPPELIJKE ZETEL - ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares07/08/2012
KAPITAAL - AANDELEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Mandates12/01/2012
ONTSLAGEN - BENOEMINGEN
PDF
Mandates03/01/2012
ONTSLAGEN - BENOEMINGEN
PDF
Registered office05/01/2011
MAATSCHAPPELIJKE ZETEL
PDF
Other08/10/2010
RUBRIEK OPRICHTING (NIEUWE RECHTSPERSOON, OPENING BIJKANTOOR, ENZ...)
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

2022
Annual accounts 2022103,5 k €↑
2021
Annual accounts 2021-38,4 k €↓
2020
Annual accounts 202012,6 k €↑
2019
Annual accounts 20191 k €↑
2018
Annual accounts 2018-74,6 k €↓
2017
Annual accounts 20178,1 k €↓
2016
Annual accounts 201628,4 k €↑
2015
Annual accounts 2015-35,7 k €↑
2014
Annual accounts 2014-42,3 k €↓
2013
Annual accounts 201342,4 k €↑
2012
Annual accounts 201211,2 k €↓
2011
Annual accounts 201168,6 k €
29/09/2010
IncorporationPrivate 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

AAVES

Overview

What does AAVES do?

Trend over 12 financial years

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