Financials
Financial year 2025
AVASCO SOLAR from Ieper, company number BE0721474320, closed financial year 2025 with a result of € 3.2 million after tax. For that financial year AVASCO SOLAR recorded revenue of € 21.2 million and equity of € 21 million. Compared with financial year 2024, the result moved from € 4.7 million to € 3.2 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 July 15, 2026.
€ 21 million
▲ 6% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 3.2 million
▼ 33% vs 2024
Profit after tax over the fiscal year.
€ 531,892
▲ 275% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 1.9 million paid out
60 % of the profit went to the shareholders, mostly to Vergalle Invest NV (99 % of the shares). That is where the money ends up.
People and assets in 2025
31.3
▼ 4 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 2 million
▼ 5% vs 2024
€ 62,300 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.
€ 5.6 million
▼ 20% vs 2024
Of which on lease € 5.4 million.
Debts at end 2025
€ 5.5 million
▼ 18% vs 2024
€ 1.2 million is repaid this year. At this pace the long-term loan is gone in ≈ 4 years.
€ 1.1 million
▼ 32% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 27 days on average.
€ 630,106
▲ 39% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 30,760,789 | € 41,911,354 | € 22,030,028 | € 21,152,262 | ▼ 4% |
| Profit after taxes | € 9,322,816 | € 14,989,689 | € 4,715,920 | € 3,155,989 | ▼ 33% |
| Equity | € 9,442,886 | € 17,432,574 | € 19,898,494 | € 21,017,452 | ▲ 6% |
| Total debts | € 12,283,356 | € 14,866,368 | € 11,054,324 | € 9,101,889 | ▼ 18% |
| Cash | € 6,897,247 | € 7,096,402 | € 141,764 | € 531,892 | ▲ 275% |
| Retained profit | € 8,828,699 | € 16,818,387 | € 19,284,307 | € 20,540,296 | ▲ 7% |
| Dividend | € 5,000,000 | € 7,000,000 | € 2,250,000 | € 1,900,000 | ▼ 16% |
| Bank debt | € 4,740,401 | € 6,329,682 | € 6,672,238 | € 5,450,377 | ▼ 18% |
| Balance sheet total | € 21,726,242 | € 32,298,943 | € 30,952,818 | € 30,119,341 | ▼ 3% |
| Employees (FTE) | 21.9 | 30.4 | 35.3 | 31.3 | ▼ 4 |
Key figures of AVASCO SOLAR, 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 SOLAR?
What happened at AVASCO SOLAR 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
- New annual accounts for financial year 2025: profit of € 3.2 million (▼ 33% vs 2024). Source: NBB ↗
- LV-Consulting BV became a director. NBB
- Javaho BV became a director. NBB
- Vergalle Invest NV became a director. NBB
- New establishment in Ieper. KBO
In short
From € 9.3 million profit in 2022 to € 3.2 million profit in 2025.
Paid € 3.1 million in corporate taxes since 2022.
Best year ever: 2023, with € 15 million profit.
Paid out € 16.2 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 shares are held by Vergalle Invest NV (99%) and Frank Vergalle (1%).
Directors
According to the 2025 annual accounts
Director · represented by Lieven Vergalle
Also active at: AVASCO INDUSTRIES, MIMMO, Vergalle, VERGALLE INVEST, AVASCO SUBCONTRACTING, AVASCO SHELVING
since 2024 · until 2030
Managing director · represented by Jan Van Houtte
Also active at: STOKOTA, CAFMEYER, AVASCO INDUSTRIES, AVASCO SUBCONTRACTING, AVASCO SHELVING
since 2024 · until 2030
Chairman of the board · represented by Frank Vergalle
Owns 19.6% via Vergalle Invest NV
Also active at: STOKOTA, CAFMEYER, AVASCO INDUSTRIES, Vergalle, AVASCO SUBCONTRACTING, AVASCO SHELVING, Steel Service Center Oudenaarde
since 2024 · until 2030
Shareholders
Vergalle Invest NV · holding of Vergalle Invest NV
99%
Frank Vergalle
1%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Rodenbachstraat 53
8908 Ieper
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
Self-hosted
Hosting
HETZNER-AS, DE
Website info
Features
Security
Network
Details
- Company number
- 0721.474.320
- VAT number
- BE 0721.474.320
- Registered office
- Rodenbachstraat 53, 8908 Ieper
- Names & denominations
- AVASCO SOLAR
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 22 February 2019
- Peppol
- Active · Active since 15 Dec 2025
- Contact
- avasco-solar.be
- Activities · NACE
Vervaardiging van overige producten van metaal, neg
Vervaardiging van metalen constructiewerken en delen daarvan
Overige gespecialiseerde bouwactiviteiten, neg
Overige gespecialiseerde bouwwerkzaamheden