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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Negative equity NBB
More debt than assets in 2 of the last 3 fiscal years.
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Tight liquidity NBB
Cash and receivables cover 37 % of short-term debt in 2023; threshold 65 %.
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Legal situation KBO
Opening faillissement according to the CBE.
Financials
Financial year 2023
TENTH AVENUE from Bredene, company number BE0771839688, closed financial year 2023 with a result of € 1,855 after tax. For that financial year TENTH AVENUE recorded a gross margin of € 64,390 and equity of € -40,712. Compared with financial year 2022, the result moved from € -74,394 to € 1,855. Profitable, and profit is growing. 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 October 24, 2024.
€ -40,712
▲ € 1,855 vs 2022
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 1,855
▲ still € 74,394 loss in 2022
Profit after tax over the fiscal year.
€ 0
▼ 100% vs 2022
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2023. Retained profit grew to € -45,712.
People and assets in 2023
€ 57,935
▼ 6% vs 2022
Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
Debts at end 2023
€ 5,354
Loans from banks and other lenders, long and short.
€ 29,629
▼ 11% vs 2022
Supplier invoices still open on the last day of the fiscal year.
€ 8,078
▼ 64% vs 2022
Taxes, VAT and social contributions still to pay.
| 2021 | 2022 | 2023 | Change 2022 → 2023 | |
|---|---|---|---|---|
| Gross margin | € 43,808 | € -11,441 | € 64,390 | ▲ € 75,831 |
| Profit after taxes | € 26,826 | € -74,394 | € 1,855 | ▲ € 76,249 |
| Equity | € 31,826 | € -42,567 | € -40,712 | ▲ € 1,855 |
| Total debts | € 17,727 | € 85,524 | € 65,123 | ▼ 24% |
| Cash | € 5,493 | € 4,485 | € 0 | ▼ 100% |
| Retained profit | € 26,826 | € -47,567 | € -45,712 | ▲ € 1,855 |
| Bank debt | € 0 | € 0 | € 5,354 | |
| Balance sheet total | € 49,554 | € 42,957 | € 24,410 | ▼ 43% |
Key figures of TENTH AVENUE, fiscal years 2021 to 2023, from the annual accounts filed with the National Bank of Belgium.The annual account for fiscal year 2024 has not been filed yet; it was expected before 31 July 2025.
What happened to TENTH AVENUE?
What happened at TENTH AVENUE in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
TENTH AVENUE is active according to the CBE. Legal situation: Opening faillissement.
- New annual accounts for financial year 2023: profit of € 1,855. filed late Source: NBB ↗
- SCHELFHOUT STEVEN COMM.V became a director. NBB
- Start of the company according to the CBE. KBO
In short
From € 26,826 profit in 2021 to € 1,855 profit in 2023.
Paid € 6,866 in corporate taxes since 2021.
Best year ever: 2021, with € 26,826 profit.
Management
Behind TENTH AVENUE is SCHELFHOUT STEVEN COMM.V.
Directors
According to the 2023 annual accounts
Director · represented by Schelfhout STEVEN
since 2021
Establishments
Establishment units
Physical locations of this company
Brugsesteenweg 53
8450 Bredene
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 5 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.
Details
- Company number
- 0771.839.688
- VAT number
- BE 0771.839.688
- Registered office
- Brugsesteenweg 53, 8450 Bredene
- Names & denominations
- TENTH AVENUE · 10th Avenue
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Opening faillissement
- Start date
- 29 July 2021
- Peppol
- Not registered
- Activities · NACE
Activiteiten van reclamebureaus