Alva
ActiveSummary
Alva has been active since 1977 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €67.3m and a net result of €4.8m. Equity remains stable across the filed fiscal years (±1.7% per year). Its solvency ranks better than 87% of 89 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability85▲+16
Solvency100=
Growth71▲+23
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €45,000 at 30 days acceptable
Liquidity ample (current ratio 1.95 against 0.81 in 2024; short-term debt: 1.8% and cash: 1.1% of total assets), and 11% of the assets are financed with debt.
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 02
Relative position
BE, all sectors
reference
Forestry and logging (NACE 02)
about 55% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
89%
Return on assets
6.4%
Age of the figures
9 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 03-06-2026, 58 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
58 d early
2024
37 d early
2023
399 d late
2022
22 d late
2021
26 d early
2020
32 d early
2019
56 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 30 days after the deadline; the sector median for financial year 2024 is 6 days before the deadline, and 37% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. Usually files around 5 July (4 of the last 5 filed years within 48 days of that day).
Companies Code · seven monthsPosition in the running window
29-09-2026 today31-12-2026 close31-07-2027 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Is the workforce growing, and do people stay?Employer check Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check Which other companies belong to the same group?Alva · 12 companies
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Financials · fiscal year 2025, full schema
In the rankings
#1 company by equity in Belgium, Forestry sector#3 company by total assets in Belgium, Forestry sector#4 oldest company in the Brussels-Capital Region, Forestry sector
Turnover
€486,432▲ 56.1%
2024 · €311,712
EBIT margin
363.9%▼ 269.5pp
2024 · 633.5%
Net result
€4.8m
2024 · -€231,674
Working capital
€1.3m
2024 · -€1.0m
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 02, Forestry and logging, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Turnover€310,138▲ 44.7%€321,009▲ 3.5%€619,384▲ 92.9%€311,712▼ 49.7%€486,432▲ 56.1%
Operating result-€290,785▲ 69.2%€336,873€1.4m▲ 307%€2.0m▲ 43.9%€1.8m▼ 10.3%
Net result€3.3mabove the sector's middle half€2.6mabove the sector's middle half▼ 19.0%-€12.0mbelow the sector's middle half-€231,674below the sector's middle half▲ 98.1%€4.8mabove the sector's middle half
EBIT margin-93.8%▲ 345.9pp104.9%▲ 198.7pp221.6%▲ 116.6pp633.5%▲ 411.9pp363.9%▼ 269.5pp
Equity€74.5mabove the sector's middle half▲ 3.2%€76.2mabove the sector's middle half▲ 2.3%€64.2mabove the sector's middle half▼ 15.8%€62.5mabove the sector's middle half▼ 2.7%€67.3mabove the sector's middle half▲ 7.8%
Total assets€100.1mabove the sector's middle half▼ 0.2%€100.1mabove the sector's middle half=€86.3mabove the sector's middle half▼ 13.7%€82.2mabove the sector's middle half▼ 4.8%€75.6mabove the sector's middle half▼ 8.0%
Debt€25.0m▼ 10.9%€23.2m▼ 7.2%€21.6m▼ 7.2%€19.6m▼ 8.9%€8.1m▼ 58.8%
Working capital-€3.9mbelow the sector's middle half▲ 56.5%-€4.8mbelow the sector's middle half▼ 21.8%-€549,529below the sector's middle half▲ 88.5%-€1.0mbelow the sector's middle half▼ 83.5%€1.3mabove the sector's middle half
Solvency74.5%within the sector's middle half▲ 2.5pp76.2%above the sector's middle half▲ 1.7pp74.3%above the sector's middle half▼ 1.8pp76.0%above the sector's middle half▲ 1.7pp89.0%above the sector's middle half▲ 13.0pp
Current ratio0.71below the sector's middle half▲ 0.360.49below the sector's middle half▼ 0.220.90within the sector's middle half▲ 0.410.81below the sector's middle half▼ 0.101.95within the sector's middle half▲ 1.15
Return on assets (ROA)3.3%within the sector's middle half▲ 3.7pp2.6%within the sector's middle half▼ 0.6pp-14.0%below the sector's middle half▼ 16.6pp-0.3%within the sector's middle half▲ 13.7pp6.4%above the sector's middle half▲ 6.7pp
Staff (FTE)23.7above the sector's middle half▲ 3.9%24.8above the sector's middle half▲ 4.6%22.4above the sector's middle half▼ 9.7%19.6above the sector's middle half▼ 12.5%16.7above the sector's middle half▼ 14.8%
above
within
below
the middle half (P25 to P75) of NACE 02, Forestry and logging, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 10% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €75.6m
Fixed assets
€73.0m ▼ 6.3%
Current assets
€2.6m ▼ 38.8%
Equity and liabilities €75.6m
Equity
€67.3m ▲ 7.8%
Provisions
€228,709 ▲ 143%
Debt
€8.1m ▼ 58.8%
Debt's share of the balance-sheet total falls from 23.9% to 10.7%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€3.0m▼
2024 · €3.5m
Cash flow
€6.0m▲
2024 · €1.2m
Debt to equity
0.12▼
2024 · 0.31
ROE
7.2%▲
2024 · -0.4%
Interest coverage
6.01▲
2024 · 4.23
Debt ≤ 1 year
€1.3m▼
2024 · €5.2m
Debt > 1 year
€6.8m▼
2024 · €14.3m
Income taxes
-€297,368▼
2024 · €2,976
Staff costs
€1.0m▼
2024 · €1.5m
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Operating income70/76A | - | - | - | - | €6.7m | - |
| Turnover70 | €310,138 | €321,009 | €619,384 | €311,712 | €486,432 | ▲ 56.1% |
| Other operating income74 | - | - | - | - | €6.2m | - |
| Non-recurring operating income76A | €86,675 | - | - | - | €14,616 | - |
| Operating charges60/66A | - | - | - | - | €4.9m | - |
| Goods, raw materials, services and sundry goods60/61 | €1.1m | €1.3m | €1.4m | €1.4m | - | - |
| Goods for resale, raw materials and consumables60 | - | - | - | - | €6,569 | - |
| Purchases600/8 | - | - | - | - | €6,569 | - |
| Services and other goods61 | - | - | - | - | €1.8m | - |
| Remuneration, social security and pensions62 | €1.7m | €1.8m | €1.7m | €1.5m | €1.0m | ▼ 33.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1.6m | €1.5m | €1.5m | €1.5m | €1.2m | ▼ 19.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | €21,854 | -€53,002 | - | €55,006 | €36,325 | ▼ 34.0% |
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | - | -€11,048 | - | - | - | - |
| Other operating charges640/8 | €364,083 | €288,570 | €303,931 | €393,166 | €340,341 | ▼ 13.4% |
| Non-recurring operating charges66A | €435,730 | €0 | - | €13,052 | €473,378 | ▲ 3,527% |
| Gross operating margin9900 | €3.8m | €3.9m | €4.8m | €5.5m | - | - |
| Operating profit (loss)9901 | -€290,785 | €336,873 | €1.4m | €2.0m | €1.8m | ▼ 10.3% |
| Financial income75/76B | €3.8m | €4.0m | €2.4m | €803,439 | €6.2m | ▲ 671% |
| Recurring financial income75 | €3.8m | €3.1m | €2.4m | €803,439 | €6.2m | ▲ 671% |
| Income from financial fixed assets750 | - | - | - | - | €331,215 | - |
| Income from current assets751 | - | - | - | - | €5.1m | - |
| Other financial income752/9 | - | - | - | - | €804,942 | - |
| Non-recurring financial income76B | - | €877,627 | - | - | - | - |
| Financial charges65/66B | €364,743 | €1.2m | €15.8m | €3.0m | €3.3m | ▲ 8.9% |
| Recurring financial charges65 | €334,493 | €373,190 | €894,516 | €816,517 | €594,650 | ▼ 27.2% |
| Debt charges650 | - | - | - | - | €493,299 | - |
| Other financial charges652/9 | - | - | - | - | €101,352 | - |
| Non-recurring financial charges66B | €30,250 | €867,629 | €14.9m | €2.2m | €2.7m | ▲ 22.2% |
| Profit (loss) for the period before taxes9903 | €3.2m | €3.1m | -€12.0m | -€238,485 | €4.7m | ▲ 2,063% |
| Transfer from deferred taxes780 | - | €482,030 | €3,593 | €9,787 | €14,204 | ▲ 45.1% |
| Transfer to deferred taxes680 | - | €604,361 | - | - | €148,726 | - |
| Income taxes67/77 | -€99,786 | €303,495 | €4,255 | €2,976 | -€297,368 | ▼ 10,091% |
| Taxes670/3 | - | - | - | - | €34,841 | - |
| Tax adjustments and reversals of tax provisions77 | - | - | - | - | €332,209 | - |
| Profit (loss) for the period9904 | €3.3m | €2.6m | -€12.0m | -€231,674 | €4.8m | ▲ 2,191% |
| Transfer from tax-exempt reserves789 | - | €1.4m | €10,779 | €29,362 | €42,612 | ▲ 45.1% |
| Transfer to tax-exempt reserves689 | €1.4m | €1.8m | - | - | €446,178 | - |
| Profit (loss) for the period to be appropriated9905 | €1.8m | €2.3m | -€12.0m | -€202,312 | €4.4m | ▲ 2,294% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €100.1m | €100.1m | €86.3m | €82.2m | €75.6m | ▼ 8.0% |
| Fixed assets21/28 | €90.4m | €95.5m | €81.2m | €78.0m | €73.0m | ▼ 6.3% |
| Tangible fixed assets22/27 | €28.8m | €27.1m | €24.8m | €22.1m | €18.1m | ▼ 18.0% |
| Land and buildings22 | €26.4m | €24.8m | €22.9m | €20.5m | €17.3m | ▼ 15.6% |
| Plant, machinery and equipment23 | €2.2m | €2.1m | €1.8m | €1.5m | €769,839 | ▼ 49.2% |
| Furniture and vehicles24 | €210,316 | €147,988 | €110,291 | €102,152 | €63,697 | ▼ 37.6% |
| Financial fixed assets28 | €61.6m | €68.4m | €56.4m | €55.9m | €54.9m | ▼ 1.7% |
| Affiliated companies280/1 | - | - | - | - | €48.7m | - |
| Participating interests280 | - | - | - | - | €38.9m | - |
| Amounts receivable281 | - | - | - | - | €9.8m | - |
| Companies linked by participating interests282/3 | - | - | - | - | €6.2m | - |
| Participating interests282 | - | - | - | - | €6.2m | - |
| Other financial fixed assets284/8 | - | - | - | - | €4,591 | - |
| Amounts receivable and cash guarantees285/8 | - | - | - | - | €4,591 | - |
| Current assets29/58 | €9.6m | €4.6m | €5.1m | €4.2m | €2.6m | ▼ 38.8% |
| Amounts receivable after more than one year29 | €142,748 | - | - | - | - | - |
| Trade receivables290 | €38,991 | - | - | - | - | - |
| Other amounts receivable291 | €103,757 | - | - | - | - | - |
| Amounts receivable within one year40/41 | €2.3m | €2.7m | €2.1m | €1.7m | €776,569 | ▼ 53.9% |
| Trade receivables40 | €446,276 | €732,605 | €1.0m | €754,828 | €362,054 | ▼ 52.0% |
| Other amounts receivable41 | €1.9m | €2.0m | €1.0m | €930,983 | €414,515 | ▼ 55.5% |
| Current investments50/53 | - | - | €1.0m | - | - | - |
| Cash at bank and in hand54/58 | €5.6m | €359,372 | €1.1m | €1.3m | €808,605 | ▼ 36.6% |
| Deferred charges and accrued income490/1 | €1.6m | €1.5m | €1.0m | €1.3m | €1.0m | ▼ 21.0% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €100.1m | €100.1m | €86.3m | €82.2m | €75.6m | ▼ 8.0% |
| Equity10/15 | €74.5m | €76.2m | €64.2m | €62.5m | €67.3m | ▲ 7.8% |
| Contributions10/11 | €24.8m | €24.8m | €24.8m | €24.8m | €24.8m | = |
| Capital10 | €24.8m | €24.8m | €24.8m | €24.8m | €24.8m | = |
| Issued capital100 | €24.8m | €24.8m | €24.8m | €24.8m | €24.8m | = |
| Reserves13 | €48.8m | €49.2m | €39.2m | €37.7m | €42.5m | ▲ 12.9% |
| Non-distributable reserves130/1 | €2.5m | €2.5m | €2.5m | €2.5m | €2.5m | = |
| Legal reserve130 | €2.5m | €2.5m | €2.5m | €2.5m | €2.5m | = |
| Tax-exempt reserves132 | €1.4m | €1.8m | €1.8m | €282,560 | €686,127 | ▲ 143% |
| Distributable reserves133 | €44.9m | €44.9m | €34.9m | €34.9m | €39.4m | ▲ 12.7% |
| Profit (loss) carried forward14 | €891,473 | €2.2m | €202,559 | €247 | - | - |
| Provisions and deferred taxes16 | €493,078 | €604,361 | €600,768 | €94,187 | €228,709 | ▲ 143% |
| Provisions for liabilities and charges160/5 | €11,048 | - | - | - | - | - |
| Pensions and similar obligations160 | €11,048 | - | - | - | - | - |
| Deferred taxes168 | €482,030 | €604,361 | €600,768 | €94,187 | €228,709 | ▲ 143% |
| Amounts payable17/49 | €25.0m | €23.2m | €21.6m | €19.6m | €8.1m | ▼ 58.8% |
| Amounts payable after more than one year17 | €11.5m | €13.8m | €15.8m | €14.3m | €6.8m | ▼ 52.6% |
| Financial debts170/4 | €11.2m | €13.6m | €15.6m | €14.0m | €6.5m | ▼ 53.5% |
| Credit institutions173 | - | - | - | - | €6.5m | - |
| Other amounts payable178/9 | €257,077 | €253,159 | €267,694 | €295,926 | €260,533 | ▼ 12.0% |
| Amounts payable within one year42/48 | €13.6m | €9.4m | €5.7m | €5.2m | €1.3m | ▼ 74.7% |
| Current portion of amounts payable after more than one year42 | €1.8m | €2.7m | €2.7m | €1.8m | €814,523 | ▼ 53.9% |
| Financial debts43 | €10.2m | €4.9m | €2.5m | €2.5m | - | - |
| Credit institutions430/8 | €10.2m | €4.9m | €2.5m | €2.5m | - | - |
| Trade debts44 | €222,250 | €200,090 | €227,394 | €742,736 | €141,254 | ▼ 81.0% |
| Suppliers440/4 | €222,250 | €200,090 | €227,394 | €742,736 | €141,254 | ▼ 81.0% |
| Taxes, remuneration and social security45 | €298,802 | €259,781 | €169,603 | €125,561 | €73,985 | ▼ 41.1% |
| Taxes450/3 | €88,998 | €35,507 | €7,408 | €1,136 | €8,315 | ▲ 632% |
| Remuneration and social security454/9 | €209,804 | €224,274 | €162,195 | €124,425 | €65,670 | ▼ 47.2% |
| Other amounts payable47/48 | €1.0m | €1.3m | €95,771 | €108,076 | €296,928 | ▲ 175% |
| Accrued charges and deferred income492/3 | €17,451 | €3,783 | €32,988 | €110,704 | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €3.3m | €2.6m | -€12.0m | -€231,674 | €4.8m | ▲ 2,191% |
| + Depreciation and write-downs630 | €1.6m | €1.5m | €1.5m | €1.5m | €1.2m | ▼ 19.1% |
| Operating cash flow (approximation) | €4.8m | €4.2m | -€10.6m | €1.2m | €6.0m | ▲ 384% |
| Investment in fixed assets (approximation) | - | -€6.6m | €12.8m | €1.8m | €3.7m | ▲ 112% |
| Change in cash | - | -€5.2m | €699,859 | €215,624 | -€466,250 | ▼ 316% |
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
Next filing, fiscal year 2026, expected by
2026
03-06
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
31-12
Financial
Back to profitnet €4.8m
Net result €4.8m after 2 loss-making years.
31-12
Financial
Liquidity doublescurrent ratio 1.95
Current ratio from 0.81 to 1.95; short-term debt falls from €5.2m to €1.3m.
03-09
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 399 days late
24-06
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2023
31-12
Financial
Weakest financial yearnet -€12.0m
Net result drops to -€12.0m, the lowest in the series; recovery starts the following year.
22-08
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 22 days late
2022
05-07
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
31-12
Financial
Back to profitnet €3.3m
Net result €3.3m after one loss-making year.
29-06
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
05-06
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
12-06
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
11-07
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
28-06
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 32 acts read
About the unread acts
We know of 32 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
32 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Ukkel · 1 establishment unit since 1983
Ground area
260 m²
Building footprint
170 m²
Volume, LiDAR
1,553 m³
Parcel 21614H0056/00A011, Brussels · tallest building 15.5 m, ±3 floors. Linked by address, not a title deed.
17
companies at this address
See who is registered here
1 establishment unit
Eikenboslaan 175, 1180 Ukkel
since 19832.022.767.031
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21614H0056/00A011 | Brussels | 260 m² | 1 · 170 m² | 15.5 m · 3 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Structure & network
Heads the group
Alva
12 companies
Group, risk and exposure
Owners and holdings
18 holdingsOwners 0
The accounts to 31-12-2025 list no shareholders, and no other source names one.
Holdings 18
-
100%
-
100%
-
100%
-
100%
-
99.98%
-
99.97%
-
99.9%
-
99.78%
-
99.07%
-
90%
Show 8 more holdings
-
90%
-
66.68%
-
40%
- Equity €197,076Result €4,91533.33%
-
33.33%
-
25%
-
17.53%
-
10.95%
According to the 2025 annual accounts of Alva and those 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.
Recognitions · licences · registrations
Legal Entity Identifier
894500MBF4D98HT65T17
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Identification & contact
Identification
Legal formPublic limited company
Founded18-02-1977
Fiscal year end31-12
Activities, NACEBEL 2025
02200Logging
68201Renting and operating of own or leased residential real estate, excluding social housing
66199Other activities auxiliary to financial services, excluding insurance and pension funding
E-invoicing
Reachable via Peppol
Peppol ID
0208:0417273412
Registered
02-12-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.