Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Negative equity NBB
More debt than assets in 2 of the last 4 fiscal years.
-
Two loss years in a row NBB
Negative result in 2024 and 2025.
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Tight liquidity NBB
Cash and receivables cover 57 % of short-term debt in 2025; threshold 65 %.
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Shrinking team NBB
FTE fell two years in a row, from 44.2 to 32.6.
Financials
Financial year 2025
Avista Aluminium from Eeklo, company number BE0556954994, closed financial year 2025 with a result of € -539,554 after tax. For that financial year Avista Aluminium recorded revenue of € 6.6 million and equity of € -176,042. Compared with financial year 2024, the result moved from € -358,549 to € -539,554. The company made a loss. More debts than assets. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on September 7, 2026.
€ -176,042
▼ € 539,554 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -539,554
▼ 50 % more loss than in 2024
Profit after tax over the fiscal year.
€ 26,427
▼ 78% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -3.5 million.
People and assets in 2025
32.6
▼ 1.7 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 1.9 million
▼ 1% vs 2024
€ 59,300 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.
€ 132,947
▼ 41% vs 2024
Of which on lease € 131,246.
Debts at end 2025
€ 2.5 million
▼ 6% vs 2024
€ 464,132 is repaid this year. At this pace the long-term loan is gone in ≈ 3 years.
€ 1.1 million
▲ 45% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 77 days on average.
€ 734,596
▲ 4% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 10,248,563 | € 7,759,832 | € 6,299,748 | € 6,611,649 | ▲ 5% |
| Profit after taxes | € -1,036,252 | € -1,035,230 | € -358,549 | € -539,554 | ▼ € 181,005 |
| Equity | € 757,292 | € -277,938 | € 363,513 | € -176,042 | ▼ € 539,554 |
| Total debts | € 4,593,736 | € 4,911,648 | € 4,244,423 | € 5,052,853 | ▲ 19% |
| Cash | € 18,257 | € 50,945 | € 122,872 | € 26,427 | ▼ 78% |
| Land & buildings | € 5,805 | € 4,186 | € 2,566 | € 947 | ▼ 63% |
| Retained profit | € -1,607,708 | € -2,642,938 | € -3,001,487 | € -3,541,042 | ▼ € 539,554 |
| Bank debt | € 1,904,255 | € 2,693,081 | € 2,697,692 | € 2,542,455 | ▼ 6% |
| Balance sheet total | € 5,654,724 | € 5,023,529 | € 5,062,302 | € 5,271,486 | ▲ 4% |
| Employees (FTE) | 48.8 | 44.2 | 34.3 | 32.6 | ▼ 1.7 |
Key figures of Avista Aluminium, 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 Avista Aluminium?
What happened at Avista Aluminium in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Engels B&E BV stepped down as director. NBB
- J&M INVEST BV stepped down as director. NBB
- New annual accounts for financial year 2025: loss of € 539,554. filed late Source: NBB ↗
- Engels B&E BV became a director. NBB
- J&M INVEST BV became a director. NBB
- New establishment in Eeklo. KBO
- Start of the company according to the CBE. KBO
In short
From € 1 million loss in 2022 to € 539,554 loss in 2025.
Paid € 2,932 in corporate taxes since 2022.
Pays suppliers within 77 days on average.
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De Lijn 8 June 2026 New annual account 2025
filed on 8 June 2026
What was left
€ 20 k ▼ 91%
Money in the bank
€ 178 k ▼ 98%
Open the dossier →
NMBS 8 June 2026 New annual account 2025 What was left ▼ 80%
bpost 18 May 2026 New annual account 2025 What was left from loss to profit
Management
Directors
According to the 2025 annual accounts
Director · represented by Didier Engels
Also active at: ENGELS WOOD FACTORY, IMMO - 47, DM, AC WINDOWS, COCOCINEL, CASTIBO, SDW Windows, EWG +3 more
since 2024 · until 2030
Director · represented by Christophe Engels
Also active at: ENGELS WOOD FACTORY, AC WINDOWS, COCOCINEL, EWG, ENGELS, EOS
since 2024 · until 2030
Establishments
Establishment units
Physical locations of this company
Kunstdal 8
9900 Eeklo
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 1 companies are registered at this address.
All companies at this address →What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Website
Technologies
Hosting & Email
Email provider
Microsoft 365
Hosting
XENIUS, BE
Website info
Features
Security
Details
- Company number
- 0556.954.994
- VAT number
- BE 0556.954.994
- Registered office
- Kunstdal 8, 9900 Eeklo
- Names & denominations
- Avista Aluminium
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 28 July 2014
- Peppol
- Active · Active since 27 Mar 2026
- Contact
- avista-aluminium.be
- Activities · NACE
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