Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Two loss years in a row NBB
Negative result in 2024 and 2025.
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Tight liquidity NBB
Cash and receivables cover 31 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
AVASCO INDUSTRIES from Diksmuide, company number BE0433026509, closed financial year 2025 with a result of € -4.1 million after tax. For that financial year AVASCO INDUSTRIES recorded revenue of € 34.3 million and equity of € 11.7 million. Compared with financial year 2024, the result moved from € -4.1 million to € -4.1 million. The company made a loss. The company holds a healthy buffer. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on July 15, 2026.
€ 11.7 million
▼ 26% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -4.1 million
Profit after tax over the fiscal year.
€ 939,098
▲ 80% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € 7.9 million.
People and assets in 2025
40.5
▼ 1.1 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 2.6 million
▼ 2% vs 2024
€ 64,600 per full-time equivalent. Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 12.6 million
▲ € 12.4 million vs 2024
Of which on lease € 12.5 million.
Debts at end 2025
€ 24.7 million
▲ 248% vs 2024
€ 1.3 million is repaid this year. At this pace the long-term loan is gone in ≈ 8 years.
€ 5.2 million
▼ 13% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 53 days on average.
€ 428,142
▼ 57% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 54,917,802 | € 47,634,642 | € 36,610,991 | € 34,255,155 | ▼ 6% |
| Profit after taxes | € 1,732,241 | € -1,024,230 | € -4,077,426 | € -4,082,692 | |
| Equity | € 20,933,626 | € 19,909,396 | € 15,831,970 | € 11,749,278 | ▼ 26% |
| Total debts | € 20,029,777 | € 22,939,459 | € 19,934,751 | € 38,368,374 | ▲ 92% |
| Cash | € 815,253 | € 1,098,251 | € 520,536 | € 939,098 | ▲ 80% |
| Land & buildings | € 2,659,183 | € 2,340,320 | € 2,021,732 | € 1,703,279 | ▼ 16% |
| Retained profit | € 17,083,065 | € 16,058,835 | € 11,981,409 | € 7,898,717 | ▼ 34% |
| Dividend | € 650,000 | € 0 | € 0 | € 0 | |
| Bank debt | € 13,228,531 | € 4,975,727 | € 7,088,204 | € 24,662,702 | ▲ 248% |
| Balance sheet total | € 40,973,403 | € 42,860,105 | € 35,777,971 | € 50,128,901 | ▲ 40% |
| Employees (FTE) | 43.4 | 42.4 | 41.6 | 40.5 | ▼ 1.1 |
Key figures of AVASCO INDUSTRIES, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 31 July 2027.
What happened to AVASCO INDUSTRIES?
What happened at AVASCO INDUSTRIES in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- LV- CONSULTING BV stepped down as director. NBB
- JAVAHO BV stepped down as director. NBB
- VERGALLE INVEST NV stepped down as director. NBB
- VEKA CONSULT BV stepped down as director. NBB
- CISKON BV stepped down as director. NBB
- New annual accounts for financial year 2025: loss of € 4.1 million. Source: NBB ↗
- VEKA CONSULT BV became a director. NBB
- CISKON BV became a director. NBB
In short
From € 1.7 million profit in 2022 to € 4.1 million loss in 2025.
Paid € 373,513 in corporate taxes since 2022.
Best year ever: 2022, with € 1.7 million profit.
Paid out € 650,000 in dividends to the owners in total.
Management
The shares are held by VERGALLE INVEST NV (100%) and Frank Vergalle (0%).
Directors
According to the 2025 annual accounts
Director · represented by Lieven Vergalle
Also active at: MIMMO, Vergalle, VERGALLE INVEST, AVASCO SUBCONTRACTING, AVASCO SHELVING, AVASCO SOLAR
since 2018 · until 2029
Managing director · represented by Jan Van Houtte
Also active at: STOKOTA, CAFMEYER, AVASCO SUBCONTRACTING, AVASCO SHELVING, AVASCO SOLAR
since 2017 · until 2029
Director · represented by Kaatje Vergalle
Also active at: MIMMO, Vergalle, VERGALLE INVEST
since 2020 · until 2027
Director · represented by Francis Vergalle
Also active at: MIMMO, Vergalle, VERGALLE INVEST, Steel Service Center Oudenaarde
since 2020 · until 2027
Managing director · represented by Frank Vergalle
Owns 19.8% via VERGALLE INVEST NV
Also active at: STOKOTA, CAFMEYER, Vergalle, AVASCO SUBCONTRACTING, AVASCO SHELVING, AVASCO SOLAR, Steel Service Center Oudenaarde
since 2017 · until 2029
Shareholders
VERGALLE INVEST NV · holding of VERGALLE INVEST NV
100%
Frank Vergalle
0%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Cardijnlaan(D) 6
8600 Diksmuide
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0433.026.509
- VAT number
- BE 0433.026.509
- Registered office
- Cardijnlaan(D) 6, 8600 Diksmuide
- Names & denominations
- AVASCO INDUSTRIES
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 5 January 1988
- Peppol
- Active · Active since 15 Dec 2025
- Activities · NACE
Vervaardiging van kantoor- en winkelmeubelen
Vervaardiging van kantoor-, winkel- en ateliermeubelen, overwegend van metaal
Groothandel in niet-elektrische huishoudelijke artikelen
Overige gespecialiseerde bouwactiviteiten, neg
Overige gespecialiseerde werkzaamheden in de bouw
Groothandel in meubels, niet-elektrische huishoudapparaten en vloerbedekking inclusief tapijten
Overige gespecialiseerde bouwwerkzaamheden