Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
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Busy address KBO
19 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2025
AVROY 38 from Saint-Nicolas, company number BE0690923278, closed financial year 2025 with a result of € 1.9 million after tax. For that financial year AVROY 38 recorded a gross margin of € 2.6 million and equity of € 2.6 million. Compared with financial year 2024, the result moved from € 3.4 million to € 1.9 million. The company is profitable. The buffer is growing. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on August 15, 2026.
€ 2.6 million
▲ 267% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 1.9 million
▼ 44% vs 2024
Profit after tax over the fiscal year.
€ 426,066
▼ 86% vs 2024
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2025. Retained profit grew to € 2.4 million.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
€ 178,856
▼ 83% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 80,842
▲ 11% vs 2024
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 998,279 | € 15,266,597 | € 4,191,820 | € 2,558,780 | ▼ 39% |
| Profit after taxes | € 258,251 | € 11,031,108 | € 3,377,151 | € 1,899,050 | ▼ 44% |
| Equity | € 303,303 | € 1,334,410 | € 711,561 | € 2,610,611 | ▲ 267% |
| Total debts | € 14,740,632 | € 35,328,457 | € 6,628,995 | € 1,790,696 | ▼ 73% |
| Cash | € 497,427 | € 34,209,107 | € 3,091,851 | € 426,066 | ▼ 86% |
| Land & buildings | € 8,998,958 | € 0 | - | - | |
| Retained profit | € 103,303 | € 1,134,410 | € 511,561 | € 2,410,611 | ▲ € 1.9 million |
| Dividend | € 0 | € 10,000,000 | € 4,000,000 | € 0 | ▼ 100% |
| Bank debt | € 13,697,916 | € 404,779 | € 0 | € 0 | |
| Balance sheet total | € 15,043,935 | € 36,662,867 | € 7,340,556 | € 4,401,307 | ▼ 40% |
Key figures of AVROY 38, 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 AVROY 38?
What happened at AVROY 38 in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 1.9 million (▼ 44% vs 2024). filed late Source: NBB ↗
- Kallima stepped down as director. NBB
- Immoripro stepped down as director. NBB
- New establishment in Chaudfontaine. KBO
- Start of the company according to the CBE. KBO
In short
From € 258,251 profit in 2022 to € 1.9 million profit in 2025.
Paid € 5.6 million in corporate taxes since 2022.
Best year ever: 2023, with € 11 million profit.
Paid out € 14 million in dividends to the owners in total.
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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
The stake of KALLIMA, IMMORIPRO comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
AVROY 38The shares are held by KALLIMA (50%) and IMMORIPRO (50%).
Directors
According to the 2025 annual accounts
Managing director · represented by Paul Berger
Also active at: Kallima Energies, DESTENAY 25, RIVAGE
· until 2026
Managing director · represented by Salvatore Rizzo
Also active at: CD7 PROPERTIES (Ans Alleur), BALTEAU GROUP, IMMOBILIERE DE TILLEUR, TDS IMMO, SP INVEST, IMMOBILIERE OMC, DESTENAY 25
· until 2026
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Rue des Martyrs 115
4420 Saint-Nicolas
Voie de l'Air Pur 6
4052 Chaudfontaine
Active since 23 February 2018
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 19 companies are registered at this address.
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+14 more
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0690.923.278
- VAT number
- BE 0690.923.278
- Registered office
- Rue des Martyrs 115, 4420 Saint-Nicolas
- Names & denominations
- AVROY 38
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 23 February 2018
- Peppol
- Active · Active since 3 Oct 2025
- Activities · NACE
Ontwikkeling van niet-residentiële bouwprojecten
Verhuur en exploitatie van terreinen