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 1 of the last 4 fiscal years.
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Two loss years in a row NBB
Negative result in 2023 and 2024.
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Tight liquidity NBB
Cash and receivables cover 21 % of short-term debt in 2024; threshold 65 %.
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Shrinking team NBB
FTE fell two years in a row, from 2.3 to 0.
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Legal situation KBO
Opening faillissement according to the CBE.
Financials
Financial year 2024
AVALASIA from Menen, company number BE0834893351, closed financial year 2024 with a result of € -331,908 after tax. For that financial year AVALASIA recorded a gross margin of € -196,180 and equity of € -146,279. Compared with financial year 2023, the result moved from € -183,317 to € -331,908. 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 July 25, 2025.
€ -146,279
▼ € 331,908 vs 2023
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -331,908
▼ 81 % more loss than in 2023
Profit after tax over the fiscal year.
€ 42,446
▲ € 31,901 vs 2023
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -251,279.
People and assets in 2024
0
▼ 2.2 vs 2023
Average over the fiscal year, from the social balance sheet.
€ 37,527
▼ 66% vs 2023
Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 1,141
▼ 90% vs 2023
Book value of vehicles, furniture and equipment.
Debts at end 2024
€ 329,428
▼ 44% vs 2023
€ 40,131 is repaid this year. At this pace the long-term loan is gone in ≈ 1 years.
€ 159,866
▼ 9% vs 2023
Supplier invoices still open on the last day of the fiscal year.
€ 26,433
▼ 39% vs 2023
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
| 2021 | 2022 | 2023 | 2024 | Change 2023 → 2024 | |
|---|---|---|---|---|---|
| Gross margin | € 525,515 | € 121,639 | € 202,698 | € -196,180 | ▼ € 398,878 |
| Profit after taxes | € 100,886 | € -14,560 | € -183,317 | € -331,908 | ▼ € 148,591 |
| Equity | € 383,506 | € 368,946 | € 185,629 | € -146,279 | ▼ € 331,908 |
| Total debts | € 685,550 | € 803,886 | € 917,996 | € 694,574 | ▼ 24% |
| Cash | € 15,182 | € 15,743 | € 10,545 | € 42,446 | ▲ € 31,901 |
| Retained profit | € 278,506 | € 263,946 | € 80,629 | € -251,279 | ▼ € 331,908 |
| Bank debt | € 386,761 | € 558,807 | € 589,209 | € 329,428 | ▼ 44% |
| Balance sheet total | € 1,069,056 | € 1,172,831 | € 1,103,625 | € 548,295 | ▼ 50% |
| Employees (FTE) | 2.3 | 2.3 | 2.2 | 0 | ▼ 2.2 |
Key figures of AVALASIA, fiscal years 2021 to 2024, from the annual accounts filed with the National Bank of Belgium.The annual account for fiscal year 2025 has not been filed yet; it was expected before 31 July 2026.
What happened to AVALASIA?
What happened at AVALASIA in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
AVALASIA is active according to the CBE. Legal situation: Opening faillissement.
- New annual accounts for financial year 2024: loss of € 331,908. Source: NBB ↗
- New establishment in Menen. KBO
- Start of the company according to the CBE. KBO
In short
From € 100,886 profit in 2021 to € 331,908 loss in 2024.
Paid € 57,738 in corporate taxes since 2021.
Best year ever: 2021, with € 100,886 profit.
On average € 92,100 of value added per employee in 2023.
Management
Behind AVALASIA are NICO RAMACKER and JACQUES RAMACKER. NICO RAMACKER is also behind FIRN energy and Novus-R.
Directors
According to the 2024 annual accounts
JACQUES RAMACKER
Director
Establishments
Establishment units
Physical locations of this company
Parkstraat 21/0
8930 Menen
Parkstraat 21 box glv
8930 Menen
Active since 12 May 2011
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Website
Hosting & Email
Hosting
AMAZON-02 - Amazon.com, Inc., US
DNS
GoDaddy DNS
Domain
Domain
avalasia.com
Registered
2011-02-01
Registrar
GoDaddy.com, LLC
Expires
2027-02-01
Website info
Features
Security
Network
Details
- Company number
- 0834.893.351
- VAT number
- BE 0834.893.351
- Registered office
- Parkstraat 21/0, 8930 Menen
- Names & denominations
- AVALASIA
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Opening faillissement
- Start date
- 18 March 2011
- Peppol
- Not registered
- Contact
- avalasia.com
- Activities · NACE
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