ALUVIN
InactiveInactive; last annual accounts for fiscal year 2024.
Signals
Two signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Persistent losses
Two consecutive loss-making years (2023 and 2024); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2024Net result per financial year
18192021222324
2018 to 2024 · latest year -€223,972
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 28-03-2025, 125 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
125 d early
2023
41 d early
2022
82 d early
2021
16 d late
2020
27 d late
2019
27 d early
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 6 accounts on average 39 days before the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
Checked, nothing found (1)
Financials · fiscal year 2024, abbreviated schema
Source amounts without an identifiable currency are assumed to be EUR.
Equity
€633,430▼ 26.1%
2023 · €857,402
Total assets
€800,459▼ 74.9%
2023 · €3.2m
Net result
-€223,972▲ 24.6%
2023 · -€297,202
Working capital
€711,730▼ 10.9%
2023 · €799,246
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result€140,253▼ 37.0%€443,065▲ 216%€357,105▼ 19.4%-€228,612-€184,390▲ 19.3%
Net result€63,593▼ 49.1%€298,582▲ 370%€238,908▼ 20.0%-€297,202-€223,972▲ 24.6%
Equity€962,113▼ 7.3%€1.0m▲ 6.1%€1.2m▲ 13.1%€857,402▼ 25.7%€633,430▼ 26.1%
Total assets€2.7m▼ 10.2%€2.5m▼ 7.4%€3.8m▲ 53.4%€3.2m▼ 15.8%€800,459▼ 74.9%
Debt€1.6m▼ 9.0%€1.4m▼ 15.6%€2.5m▲ 78.5%€2.2m▼ 12.2%€69,596▼ 96.8%
Working capital€728,406▼ 31.6%€843,895▲ 15.9%€1.2m▲ 38.3%€799,246▼ 31.5%€711,730▼ 10.9%
Staff (FTE)17.7▼ 0.6%15.9▼ 10.2%13.1▼ 17.6%12.9▼ 1.5%5.7▼ 55.8%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €184,390 in 2024 against €228,612 in 2023; the loss shrinks.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €800,459
Fixed assets
€19,134 ▼ 96.6%
Current assets
€781,326 ▼ 70.3%
Equity and liabilities €800,459
Equity
€633,430 ▼ 26.1%
Provisions
€97,433 ▼ 39.1%
Debt
€69,596 ▼ 96.8%
Debt's share of the balance-sheet total falls from 68.1% to 8.7%. Equity and debt are lower.
Key figures and ratios
EBITDA
-€176,810▼
2023 · -€10,224
Cash flow
-€216,392▼
2023 · -€78,813
Current ratio
11.23▲
2023 · 1.44
Debt to equity
0.11▼
2023 · 2.53
ROE
-35.4%▼
2023 · -34.7%
ROA
-28.0%▼
2023 · -9.3%
Interest coverage
-4.40▼
2023 · -0.15
Debt ≤ 1 year
€69,596▼
2023 · €1.8m
Debt > 1 year
€0▼
2023 · €343,046
Income taxes
€305▼
2023 · €1,015
Staff costs
€515,924▼
2023 · €865,621
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €9,180 | €0 | - | €460,438 | - |
| Remuneration, social security and pensions62 | - | €722,459 | €795,472 | €865,621 | €515,924 | ▼ 40.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €273,757 | €194,310 | €123,211 | €218,389 | €7,580 | ▼ 96.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | €0 | - | €6,330 | €13,176 | ▲ 108% |
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | - | - | €97,433 | €0 | - | - |
| Other operating charges640/8 | - | €14,265 | €17,400 | €15,277 | €1,639 | ▼ 89.3% |
| Non-recurring operating charges66A | - | €158 | €792 | €0 | €37,810 | - |
| Gross operating margin9900 | €1.1m | €1.4m | €1.4m | €877,004 | €391,740 | ▼ 55.3% |
| Operating profit (loss)9901 | €140,253 | €443,065 | €357,105 | -€228,612 | -€184,390 | ▲ 19.3% |
| Financial income75/76B | - | €5 | €1,830 | €196 | €869 | ▲ 344% |
| Recurring financial income75 | €3,538 | €5 | €1,830 | €196 | €869 | ▲ 344% |
| Financial charges65/66B | - | €69,499 | €67,523 | €67,771 | €40,146 | ▼ 40.8% |
| Recurring financial charges65 | €57,521 | €69,499 | €67,523 | €67,771 | €40,146 | ▼ 40.8% |
| Profit (loss) for the period before taxes9903 | €100,746 | €373,571 | €291,413 | -€296,187 | -€223,667 | ▲ 24.5% |
| Transfer from deferred taxes780 | - | €544 | €0 | - | - | - |
| Income taxes67/77 | €38,048 | €75,532 | €52,504 | €1,015 | €305 | ▼ 70.0% |
| Profit (loss) for the period9904 | €63,593 | €298,582 | €238,908 | -€297,202 | -€223,972 | ▲ 24.6% |
| Transfer from tax-exempt reserves789 | - | €1,056 | €0 | - | - | - |
| Profit (loss) for the period to be appropriated9905 | €65,331 | €299,638 | €238,908 | -€297,202 | -€223,972 | ▲ 24.6% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €2.7m | €2.5m | €3.8m | €3.2m | €800,459 | ▼ 74.9% |
| Formation expenses20 | €0 | - | - | - | - | - |
| Fixed assets21/28 | €574,685 | €274,259 | €518,895 | €561,135 | €19,134 | ▼ 96.6% |
| Intangible fixed assets21 | €0 | €11,312 | €6,166 | €1,020 | €0 | ▼ 100% |
| Tangible fixed assets22/27 | €569,374 | €259,785 | €509,368 | €556,554 | €15,449 | ▼ 97.2% |
| Land and buildings22 | - | €1,577 | €2,307 | €1,183 | €0 | ▼ 100% |
| Plant, machinery and equipment23 | - | €225,860 | €500,927 | €525,798 | €14,692 | ▼ 97.2% |
| Furniture and vehicles24 | - | - | €4,981 | €2,655 | €757 | ▼ 71.5% |
| Other tangible fixed assets26 | - | €32,348 | €1,153 | €26,918 | €0 | ▼ 100% |
| Financial fixed assets28 | €5,311 | €3,161 | €3,361 | €3,561 | €3,685 | ▲ 3.5% |
| Current assets29/58 | €2.3m | €2.2m | €3.3m | €2.6m | €781,326 | ▼ 70.3% |
| Stocks and contracts in progress3 | €1.1m | €1.3m | €2.2m | €1.7m | €0 | ▼ 100% |
| Stocks30/36 | - | €1.3m | €2.2m | €1.7m | €0 | ▼ 100% |
| Amounts receivable within one year40/41 | €1.0m | €786,450 | €901,364 | €652,233 | €649,471 | ▼ 0.4% |
| Trade receivables40 | - | €735,010 | €811,584 | €598,497 | €150,371 | ▼ 74.9% |
| Other amounts receivable41 | - | €51,440 | €89,780 | €53,736 | €499,100 | ▲ 829% |
| Current investments50/53 | €0 | - | - | - | - | - |
| Cash at bank and in hand54/58 | €172,432 | €119,254 | €198,849 | €219,448 | €127,010 | ▼ 42.1% |
| Deferred charges and accrued income490/1 | - | €1,865 | €1,068 | €10,189 | €4,844 | ▼ 52.5% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €2.7m | €2.5m | €3.8m | €3.2m | €800,459 | ▼ 74.9% |
| Equity10/15 | €962,113 | €1.0m | €1.2m | €857,402 | €633,430 | ▼ 26.1% |
| Contributions10/11 | €100,000 | €100,000 | €100,000 | €100,000 | €100,000 | = |
| Capital10 | - | €100,000 | €100,000 | €100,000 | €100,000 | = |
| Issued capital100 | - | €100,000 | €100,000 | €100,000 | €100,000 | = |
| Reserves13 | €862,113 | €920,696 | €1.1m | €757,402 | €533,430 | ▼ 29.6% |
| Non-distributable reserves130/1 | - | €29,822 | €29,822 | €29,822 | €29,822 | = |
| Legal reserve130 | - | €10,000 | €10,000 | €10,000 | €10,000 | = |
| Reserves not available under the articles1311 | - | €19,822 | €19,822 | €19,822 | €19,822 | = |
| Tax-exempt reserves132 | - | €77,022 | €77,022 | €77,022 | €77,022 | = |
| Distributable reserves133 | - | €813,852 | €947,760 | €650,558 | €426,586 | ▼ 34.4% |
| Profit (loss) carried forward14 | €6,045 | €0 | €0 | €0 | - | - |
| Provisions and deferred taxes16 | €126,439 | €62,500 | €159,933 | €159,933 | €97,433 | ▼ 39.1% |
| Provisions for liabilities and charges160/5 | - | €62,500 | €159,933 | €159,933 | €97,433 | ▼ 39.1% |
| Environmental obligations163 | - | €62,500 | €0 | - | - | - |
| Other liabilities and charges164/5 | - | - | €159,933 | €159,933 | €97,433 | ▼ 39.1% |
| Deferred taxes168 | - | €0 | - | - | - | - |
| Amounts payable17/49 | €1.6m | €1.4m | €2.5m | €2.2m | €69,596 | ▼ 96.8% |
| Amounts payable after more than one year17 | €314,748 | €34,958 | €371,343 | €343,046 | €0 | ▼ 100% |
| Financial debts170/4 | - | €34,958 | €371,343 | €343,046 | €0 | ▼ 100% |
| Amounts payable within one year42/48 | €1.5m | €1.4m | €2.1m | €1.8m | €69,596 | ▼ 96.2% |
| Current portion of amounts payable after more than one year42 | - | €71,508 | €28,070 | €105,262 | €0 | ▼ 100% |
| Financial debts43 | - | €540,000 | €960,000 | €10,000 | €0 | ▼ 100% |
| Credit institutions430/8 | - | €540,000 | €960,000 | €10,000 | €0 | ▼ 100% |
| Trade debts44 | €637,268 | €578,348 | €889,177 | €361,075 | €47,909 | ▼ 86.7% |
| Suppliers440/4 | - | €578,348 | €889,177 | €361,075 | €47,909 | ▼ 86.7% |
| Taxes, remuneration and social security45 | - | €155,416 | €136,358 | €89,044 | €1,015 | ▼ 98.9% |
| Taxes450/3 | - | €102,289 | €82,493 | €20,757 | €1,015 | ▼ 95.1% |
| Remuneration and social security454/9 | - | €53,127 | €53,866 | €68,286 | €0 | ▼ 100% |
| Other amounts payable47/48 | - | €6,129 | €89,432 | €1.3m | €20,672 | ▼ 98.4% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €63,593 | €298,582 | €238,908 | -€297,202 | -€223,972 | ▲ 24.6% |
| + Depreciation and write-downs630 | €273,757 | €194,310 | €123,211 | €218,389 | €7,580 | ▼ 96.5% |
| Operating cash flow (approximation) | €337,351 | €492,892 | €362,120 | -€78,813 | -€216,392 | ▼ 175% |
| Investment in fixed assets (approximation) | - | €106,117 | -€367,848 | -€260,629 | €534,422 | ▲ 305% |
| Change in cash | - | -€53,178 | €79,595 | €20,599 | -€92,437 | ▼ 549% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
2025
28-03
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Liquidity times 8current ratio 11.23
Current ratio from 1.44 to 11.23; short-term debt falls from €1.8m to €69,596.
20-06
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Weakest financial yearnet -€297,202
Net result drops to -€297,202, the lowest in the series.
10-05
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
16-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 16 days late
2021
31-12
Financial
Highest result since 2018net €298,582 ▲370%
Operating result €443,065, net result €298,582, both a record.
31-12
Financial
Equity above €1mEq €1.0m ▲6.1%
4 profitable years in a row build equity to €1.0m.
27-08
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 27 days late
2020
04-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
25-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
31-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
31-07
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
24-03
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 14 acts read
About the unread acts
We know of 14 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Have them read with priority
Sign in to place this company at the front of the reading queue.
Structure & network
Owners and holdings
1 ownerChain of control
- INITIUM
- Initium Capital
- ALUVIN
Highest known parent: INITIUM. The sources do not say who stands above it.
Owners 1
- Initium Capitalparent100%
Holdings 0
No holding stated in the accounts, acts or LEI register we read.
According to the annual accounts of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
Public money · subsidies and aid
Flemish government
2022 to 2025 · 6 entries · 40,366 EUR awarded · 40,366 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 136 EUR | 136 EUR |
| 2024 | 1 | 8,237 EUR | 8,237 EUR |
| 2023 | 2 | 15,730 EUR | 15,730 EUR |
| 2022 | 2 | 16,263 EUR | 16,263 EUR |