Turnover
The accounts state no turnover.
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In July 2024, 14,766 companies had the same profile as ALV has now. Each dot stands for 37 companies, two years later.
Another 0.1% stopped without a precise date, possibly only after those two years.
The method was tested on the 497,448 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 14,766 companies, not a prediction for ALV. 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.
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| Company | ||||
|---|---|---|---|---|
| ALV Moorslede | €490,810 | €24,840 | 36.5% | - |
| HELDERWEIRDT Oosterzele | €431,996 | €23,821 | 25.1% | 1 |
| Noël & Co Ghent | €503,864 | €24,237 | 37.6% | - |
| PROJECT SUPPORT Wielsbeke | €411,431 | €31,384 | 86.8% | - |
| GRANOX Hooglede | €657,730 | €38,136 | 94.6% | - |
| T M S Essen | €533,138 | €17,084 | 27.5% | - |
| PAESEN LASWERKEN Antwerp | €494,789 | €34,328 | 66.4% | - |
These companies have the same main activity as ALV: manufacture of metal structures and parts of structures (NACE 25110). They are comparable in size and age: total assets between €411,000 and €658,000, founded between 1993 and 2000.
ALV files the micro format. That format states no turnover. The gross margin fell from €32,745 in 2007 to €24,840 in 2025.
The balance sheet grew most from 2014 to 2015 through fixed assets.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
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