Allivan
ActiveFinancials · financial year 2025, abbreviated format
Annual accounts 2025 filed on 21-04-2026 PDF all 48 filings
Turnover
≈ €4.6m
Estimated: probably between €3.1m and €7.6m
Total assets
€2.0m▲ 11.0%
2024 · €1.8m
Net result
-€685
2024 · €66,622
Working capital
€335,983▼ 44.5%
2024 · €605,364
In the rankings
#2 oldest company in Herent, Manufacturing sector#6 company by equity in Herent, Manufacturing sector#7 company by total assets in Herent, Manufacturing sector
Multi-year overview
2019 to 2025, 7 financial yearsOperating result
-€83,422
2025
20192025
Net result
-€685
2025
lowest quarter of the sector
20192025
Equity
€963,780
▼ 0.1%
2025
middle half of the sector
20192025
Total assets
€2.0m
▲ 11.0%
2025
middle half of the sector
20192025
Debt
€891,634
▲ 29.3%
2025
20192025
Working capital
€335,983
▼ 44.5%
2025
middle half of the sector
20192025
Solvency
47.0%
▼ 5.2pp
2025
middle half of the sector
20192025
Current ratio
1.44
▼ 0.51
2025
middle half of the sector
20192025
Return on assets (ROA)
0.0%
▼ 3.6pp
2025
lowest quarter of the sector
20192025
Staff (FTE)
33.6
▼ 1.8%
2025
highest quarter of the sector
20192025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line2019202020212022202320242025
Operating result€0.02m-€0.07m▲ 207%€0.3m▲ 310%-€0.2m-€0.07m▲ 63.3%€0.01m-€0.08m
Net result€0.07m--€0.03mbelow the sector's middle half€0.4mabove the sector's middle half-€0.06mbelow the sector's middle half€0.03mwithin the sector's middle half€0.07mwithin the sector's middle half▲ 140%-€0.001mbelow the sector's middle half
Equity€0.6m-€0.6mwithin the sector's middle half▼ 4.7%€0.9mwithin the sector's middle half▲ 67.0%€0.9mwithin the sector's middle half▼ 6.9%€0.9mwithin the sector's middle half▲ 3.2%€1.0mwithin the sector's middle half▲ 7.4%€1.0mwithin the sector's middle half▼ 0.1%
Total assets€1.3m-€1.3mwithin the sector's middle half▼ 5.7%€1.6mwithin the sector's middle half▲ 25.0%€1.7mwithin the sector's middle half▲ 4.4%€1.7mwithin the sector's middle half▲ 2.8%€1.8mwithin the sector's middle half▲ 8.3%€2.0mwithin the sector's middle half▲ 11.0%
Debt€0.6m-€0.5m▼ 9.9%€0.5m▼ 7.7%€0.6m▲ 24.9%€0.6m▼ 1.5%€0.7m▲ 12.4%€0.9m▲ 29.3%
Working capital€0.6m-€0.6mwithin the sector's middle half▼ 3.5%€0.9mabove the sector's middle half▲ 47.5%€0.8mwithin the sector's middle half▼ 10.1%€0.8mwithin the sector's middle half▲ 1.5%€0.6mwithin the sector's middle half▼ 22.5%€0.3mwithin the sector's middle half▼ 44.5%
Solvency43.5%-44.0%within the sector's middle half▲ 0.5pp58.8%within the sector's middle half▲ 14.8pp52.4%within the sector's middle half▼ 6.4pp52.6%within the sector's middle half▲ 0.2pp52.2%within the sector's middle half▼ 0.4pp47.0%within the sector's middle half▼ 5.2pp
Current ratio2.01-2.07within the sector's middle half▲ 0.072.72within the sector's middle half▲ 0.642.23within the sector's middle half▼ 0.482.52within the sector's middle half▲ 0.281.95within the sector's middle half▼ 0.571.44within the sector's middle half▼ 0.51
Return on assets (ROA)5.5%--2.2%below the sector's middle half▼ 7.7pp23.6%above the sector's middle half▲ 25.7pp-3.9%below the sector's middle half▼ 27.4pp1.6%within the sector's middle half▲ 5.5pp3.6%within the sector's middle half▲ 2.0pp0.0%below the sector's middle half▼ 3.6pp
Staff (FTE)39.1-39.6above the sector's middle half▲ 1.3%37.6above the sector's middle half▼ 5.1%37.1above the sector's middle half▼ 1.3%36.3above the sector's middle half▼ 2.2%34.2above the sector's middle half▼ 5.8%33.6above the sector's middle half▼ 1.8%
above
within
below
The sector band is the middle half of the companies in Manufacture of fabricated metal products, except machinery and equipment (NACE 25). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.
The operating result for 2025 is a loss of €83,422, after a profit of €14,646 in 2024.
Turnover and EBIT margin are not published. The abbreviated format does not require them. The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €2.0m
Fixed assets
€952,189 ▲ 57.2%
Current assets
€1.1m ▼ 11.6%
Equity and liabilities €2.0m
Equity
€963,780 ▼ 0.1%
Provisions
€193,795 ▲ 0.5%
Debt
€891,634 ▲ 29.3%
Debt's share of the balance-sheet total rises from 37.3% to 43.5%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€143,600▲
2024 · €142,260
Cash flow
€226,337▲
2024 · €194,236
Quick ratio
0.84▼
2024 · 1.68
Debt to equity
0.93▲
2024 · 0.71
ROE
-0.1%▼
2024 · 6.9%
Interest coverage
17.15▲
2024 · 16.94
Debt ≤ 1 year
€761,036▲
2024 · €635,631
Debt > 1 year
€130,598▲
2024 · €53,878
Income taxes
€3,864▼
2024 · €31,586
Staff costs
€2.5m▲
2024 · €2.3m
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Staff
| Item | 30-09-2022 | 30-09-2023 | 30-09-2024 | 30-09-2025 |
|---|---|---|---|---|
| Employees at the balance-sheet date | 39 | 36 | 35 | 35 |
| full-time | 31 | 30 | 31 | 27 |
| part-time | 8 | 6 | 4 | 8 |
| in full-time equivalents | 37 | 34.4 | 34.3 | 32.9 |
| Average over the year, in full-time equivalents | 37.1 | 36.3 | 34.2 | 33.6 |
| On a permanent contract | 34 | 34 | 34 | 34 |
| Joined | 9 | 8 | 8 | - |
| Left | 12 | 11 | 9 | - |
Source: social balance sheet in the 2022 to 2025 annual accounts
Investments
| Item | 30-09-2022 | 30-09-2023 | 30-09-2024 | 30-09-2025 |
|---|---|---|---|---|
| Tangible fixed assets | €131,441 | €247,779 | €322,550 | €469,872 |
| Intangible fixed assets | - | - | - | €103,579 |
| Financial fixed assets | - | €2,000 | - | - |
| Depreciation and write-downs of the year | €82,228 | €107,257 | €127,615 | €227,022 |
Source: notes to the 2022 to 2025 annual accounts (statement of fixed assets)
Subsidies and aid
Flemish government
2022 to 2024 · 5 entries · €6,374 awarded · €6,374 paid| Year | Entries | Awarded | Paid |
|---|---|---|---|
| 2024 | 2 | €233 | €5,168 |
| 2023 | 1 | €200 | €200 |
| 2022 | 2 | €5,941 | €1,006 |
Annual accounts
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €0.04m | €328 | - | - | - |
| Remuneration, social security and pensions62 | - | - | - | €2.1m | €2.3m | €2.3m | €2.5m | ▲ 9.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €0.09m | €0.07m | €0.07m | €0.08m | €0.1m | €0.1m | €0.2m | ▲ 77.9% |
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | - | - | - | €0.01m | €0.03m | -€0.002m | €0.001m | - |
| Other operating charges640/8 | - | - | - | €0.007m | €0.04m | €0.03m | €0.01m | ▼ 54.8% |
| Non-recurring operating charges66A | - | - | - | €0.002m | - | €125 | - | - |
| Gross operating margin9900 | €2.1m | €2.1m | €2.4m | €2.0m | €2.4m | €2.5m | €2.7m | ▲ 8.1% |
| Operating profit (loss)9901 | €0.02m | €0.07m | €0.3m | -€0.2m | -€0.07m | €0.01m | -€0.08m | - |
| Financial income75/76B | - | - | - | €0.1m | €0.1m | €0.09m | €0.09m | ▲ 3.3% |
| Recurring financial income75 | €0.08m | €0.1m | €0.08m | €0.1m | €0.1m | €0.09m | €0.09m | ▲ 3.3% |
| Financial charges65/66B | - | - | - | €0.003m | €0.006m | €0.008m | €0.008m | ▼ 0.3% |
| Recurring financial charges65 | €0.001m | €0.001m | €0.002m | €0.003m | €0.006m | €0.008m | €0.008m | ▼ 0.3% |
| Profit (loss) for the period before taxes9903 | €0.1m | €0.2m | €0.4m | -€0.06m | €0.03m | €0.1m | €0.003m | ▼ 96.8% |
| Income taxes67/77 | €0.03m | €0.2m | €0.008m | €462 | €0.003m | €0.03m | €0.004m | ▼ 87.8% |
| Profit (loss) for the period9904 | €0.07m | -€0.03m | €0.4m | -€0.06m | €0.03m | €0.07m | -€0.001m | - |
| Profit (loss) for the period to be appropriated9905 | €0.07m | -€0.03m | €0.4m | -€0.06m | €0.03m | €0.07m | -€0.001m | - |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €1.3m | €1.3m | €1.6m | €1.7m | €1.7m | €1.8m | €2.0m | ▲ 11.0% |
| Fixed assets21/28 | €0.1m | €0.2m | €0.2m | €0.3m | €0.4m | €0.6m | €1.0m | ▲ 57.2% |
| Intangible fixed assets21 | - | - | - | - | - | - | €0.09m | - |
| Tangible fixed assets22/27 | €0.1m | €0.2m | €0.2m | €0.3m | €0.4m | €0.6m | €0.9m | ▲ 41.9% |
| Land and buildings22 | - | - | - | €0.02m | €0.1m | €0.1m | €0.1m | ▲ 9.5% |
| Plant, machinery and equipment23 | - | - | - | €0.03m | €0.04m | €0.1m | €0.3m | ▲ 247% |
| Furniture and vehicles24 | - | - | - | €0.2m | €0.3m | €0.4m | €0.4m | ▼ 1.6% |
| Financial fixed assets28 | €187 | €187 | €192 | €192 | €0.002m | €0.002m | €0.002m | = |
| Current assets29/58 | €1.2m | €1.1m | €1.4m | €1.4m | €1.3m | €1.2m | €1.1m | ▼ 11.6% |
| Stocks and contracts in progress3 | €0.3m | €0.3m | €0.2m | €0.4m | €0.3m | €0.2m | €0.5m | ▲ 159% |
| Stocks30/36 | - | - | - | €0.4m | €0.3m | €0.2m | €0.5m | ▲ 159% |
| Amounts receivable within one year40/41 | €0.2m | €0.3m | €0.1m | €0.2m | €0.2m | €0.2m | €0.2m | ▼ 7.6% |
| Trade receivables40 | - | - | - | €0.1m | €0.2m | €0.2m | €0.2m | ▼ 2.9% |
| Other amounts receivable41 | - | - | - | €0.04m | €0.02m | €0.05m | €0.04m | ▼ 21.6% |
| Current investments50/53 | - | - | - | - | - | - | €0.4m | - |
| Cash at bank and in hand54/58 | €0.6m | €0.4m | €1.0m | €0.8m | €0.8m | €0.8m | - | - |
| Deferred charges and accrued income490/1 | - | - | - | €0.03m | €0.03m | €0.02m | €0.04m | ▲ 157% |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €1.3m | €1.3m | €1.6m | €1.7m | €1.7m | €1.8m | €2.0m | ▲ 11.0% |
| Equity10/15 | €0.6m | €0.6m | €0.9m | €0.9m | €0.9m | €1.0m | €1.0m | ▼ 0.1% |
| Contributions10/11 | €0.4m | - | - | €0.4m | €0.4m | €0.4m | €0.4m | = |
| Capital10 | - | - | - | €0.4m | €0.4m | €0.4m | €0.4m | = |
| Issued capital100 | - | - | - | €0.4m | €0.4m | €0.4m | €0.4m | = |
| Reserves13 | €0.2m | €0.2m | €0.6m | €0.5m | €0.5m | €0.6m | €0.6m | ▼ 0.1% |
| Non-distributable reserves130/1 | - | - | - | €0.04m | €0.04m | €0.04m | €0.04m | = |
| Legal reserve130 | - | - | - | €0.04m | €0.04m | €0.04m | €0.04m | = |
| Tax-exempt reserves132 | - | - | - | €0.002m | €0.002m | €0.002m | €0.002m | = |
| Distributable reserves133 | - | - | - | €0.4m | €0.5m | €0.5m | €0.5m | ▼ 0.1% |
| Provisions and deferred taxes16 | €0.2m | €0.2m | €0.2m | €0.2m | €0.2m | €0.2m | €0.2m | ▲ 0.5% |
| Provisions for liabilities and charges160/5 | - | - | - | €0.2m | €0.2m | €0.2m | €0.2m | ▲ 0.5% |
| Other liabilities and charges164/5 | - | - | - | €0.2m | €0.2m | €0.2m | €0.2m | ▲ 0.5% |
| Amounts payable17/49 | €0.6m | €0.5m | €0.5m | €0.6m | €0.6m | €0.7m | €0.9m | ▲ 29.3% |
| Amounts payable after more than one year17 | - | - | - | - | €0.1m | €0.05m | €0.1m | ▲ 142% |
| Financial debts170/4 | - | - | - | - | €0.1m | €0.05m | €0.1m | ▲ 142% |
| Amounts payable within one year42/48 | €0.6m | €0.5m | €0.5m | €0.6m | €0.5m | €0.6m | €0.8m | ▲ 19.7% |
| Current portion of amounts payable after more than one year42 | - | - | - | - | €0.04m | €0.05m | €0.06m | ▲ 36.7% |
| Trade debts44 | €0.2m | €0.09m | €0.08m | €0.3m | €0.2m | €0.2m | €0.1m | ▼ 29.3% |
| Suppliers440/4 | - | - | - | €0.3m | €0.2m | €0.2m | €0.1m | ▼ 29.3% |
| Advances received on contracts in progress46 | - | - | - | €0.02m | - | - | - | - |
| Taxes, remuneration and social security45 | - | - | - | €0.4m | €0.3m | €0.4m | €0.5m | ▲ 22.4% |
| Taxes450/3 | - | - | - | €0.008m | €0.01m | €0.03m | €0.03m | ▼ 2.4% |
| Remuneration and social security454/9 | - | - | - | €0.3m | €0.3m | €0.4m | €0.5m | ▲ 24.4% |
| Other amounts payable47/48 | - | - | - | - | - | - | €0.08m | - |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €74,248 | -€27,412 | €374,691 | -€64,137 | €27,811 | €66,622 | -€685 | - |
| + Depreciation and write-downs630 | €93,579 | €68,273 | €68,571 | €82,228 | €107,257 | €127,615 | €227,022 | ▲ 77.9% |
| Operating cash flow (approximation) | €167,827 | €40,861 | €443,262 | €18,091 | €135,068 | €194,236 | €226,337 | ▲ 16.5% |
| Investment in fixed assets (approximation) | - | -€69,498 | -€152,666 | -€115,198 | -€250,107 | -€322,550 | -€573,452 | ▼ 77.8% |
| Change in cash | - | -€224,219 | €596,723 | -€251,552 | -€703 | €68,825 | - | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 8,617 companies had the same profile as Allivan has now. Two years later, 94.1% were still going and 0.4% had gone bankrupt.
- Small
- 20 years or older
- solvency 30% or more
- a small loss
94.1%
was still going
5.2%
stopped otherwise
0.4%
went bankrupt
Another 0.2% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of Allivan itself: 0.7% within 12 months.
Test of the method
The method was tested on the 497,446 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 8,617 companies, not a prediction for Allivan. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Latest 10 of 48 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 30-09-2025 | abbreviated format | 21-04-2026 | 2026-00086364 | |
| 30-09-2024 | abbreviated format | 24-04-2025 | 2025-00084806 | |
| 30-09-2023 | abbreviated format | 11-03-2024 | 2024-00041681 | |
| 30-09-2022 | abbreviated format | 24-04-2023 | 2023-00063739 | |
| 30-09-2021 | abbreviated format | 24-03-2022 | 2022-08900084 | |
| 30-09-2020 | abbreviated format | 20-04-2021 | 2021-10800094 | |
| 30-09-2019 | abbreviated format | 16-03-2020 | 2020-06800262 | |
| 30-09-2018 | abbreviated format | 15-03-2019 | 2019-07100160 | |
| 30-09-2017 | abbreviated format | 21-03-2018 | 2018-07300533 | |
| 30-09-2016 | abbreviated format | 03-05-2017 | 2017-11100413 |