ALVA CONCEPT
ActiveALVA CONCEPT has been active since 2009 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €259k and a net result of €51k. Equity is growing by ~7.1% per year across the filed fiscal years. Its solvency ranks better than 95% of 6007 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2024
93
/ 100
Excellent▼ -7 vs 2023
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability99▼-1
Solvency100=
Growth58=
Stability100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €24k at 30 days acceptable
Liquidity ample (current ratio 26.58 against 22.61 in 2023), and 3.8% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Sector 46
higher
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
96.2%
Return on assets
19%
Age of the figures
20 mo
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 04-06-2025, 57 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
57 d early
2023
51 d early
2022
47 d early
2021
60 d early
2020
54 d early
2019
42 d early
← before the deadline
after the deadline →
Financials · fiscal year 2024, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€51k▼ 14.4%
2023 · €60k
2018: €26k
2019: €16k
2020: €51k
2021: €46k
2022: €40k
2023: €60k
2018 → 2024
Working capital
€258k▲ 24.4%
2023 · €207k
2018: €256k
2019: €276k
2020: €70k
2021: €113k
2022: €150k
2023: €207k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€64k-€110k▲ 71.3%€150k▲ 35.8%€208k▲ 39.3%€259k▲ 24.0%
Operating result€65k-€60k▼ 7.8%€59k▼ 1.2%€88k▲ 48.4%€74k▼ 15.8%
Net result€51k-€46k▼ 10.1%€40k▼ 12.2%€60k▲ 48.0%€51k▼ 14.4%
Result per fiscal year
Operating resultNet result
The operating result falls in 2024; 2024 is 16% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €269k
Fixed assets
€709▼ 42.8%
Current assets
€268k▲ 23.6%
Equity and liabilities €269k
Equity
€259k▲ 24.0%
Debt
€10k▲ 5.1%
The debt ratio falls from 4.4% to 3.8%: equity grows faster than debt.
Key figures and ratios
EBITDA
€74k▼
2023 · €88k
Cash flow
€52k▼
2023 · €60k
Solvency
96.2%▲
2023 · 95.6%
Current ratio
26.58▲
2023 · 22.61
Quick ratio
26.56▲
2023 · 22.59
Debt / equity
0.04▼
2023 · 0.05
ROE
19.7%▼
2023 · 28.6%
ROA
19.0%▼
2023 · 27.3%
Interest coverage
397.56▼
2023 · 617.52
Debt
€10k▲
2023 · €10k
Debt ≤ 1 year
€10k▲
2023 · €10k
Income taxes
€24k▼
2023 · €28k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€218k€269k▲
Fixed assets21/28€1k€709▼
Tangible fixed assets22/27€1k€709▼
Furniture and vehicles24€1k€709▼
Current assets29/58€217k€268k▲
Stocks and contracts in progress3€210€210=
Stocks30/36€210€210=
Amounts receivable within one year40/41€28k€11k▼
Trade receivables40€28k€11k▼
Other amounts receivable41€55€10▼
Current investments50/53€100k€101k▲
Cash at bank and in hand54/58€89k€156k▲
Equity and liabilities
Total equity and liabilities10/49€218k€269k▲
Equity10/15€208k€259k▲
Contributions10/11€20k€20k=
Reserves13€97k€146k▲
Distributable reserves133€97k€146k▲
Profit (loss) carried forward14€91k€92k▲
Amounts payable17/49€10k€10k▲
Amounts payable within one year42/48€10k€10k▲
Taxes, remuneration and social security45€10k€9k▼
Taxes450/3€10k€9k▼
Other amounts payable47/48-€1k
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€353€531▲
Other operating charges640/8€439€445▲
Gross operating margin9900€89k€75k▼
Operating profit (loss)9901€88k€74k▼
Financial income75/76B-€1k
Recurring financial income75-€1k
Financial charges65/66B€143€187▲
Recurring financial charges65€143€187▲
Profit (loss) for the period before taxes9903€88k€75k▼
Income taxes67/77€28k€24k▼
Profit (loss) for the period9904€60k€51k▼
Profit (loss) for the period to be appropriated9905€60k€51k▼
Appropriation of the result
Profit (loss) to be appropriated9906€150k€142k▼
Profit (loss) brought forward from the previous period14P€90k€91k▲
Transfer to equity691/2€58k€49k▼
To other reserves6921€58k€49k▼
Profit to be distributed694/7€800€1k▲
Return on contributions (dividend)694€800€1k▲
The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
04-06
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
10-06
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
31-12
Financial
Highest result since 2018net €60k ▲48%
Operating result €88k, net result €60k, both a record.
31-12
Financial
Equity above €200kEq €208k ▲39.3%
6 profitable years in a row build equity to €208k.
14-06
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
01-06
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
31-12
Financial
Liquidity times 48current ratio 60.12
Current ratio from 1.26 to 60.12; short-term debt falls from €268k to €2k.
31-12
Financial
Equity above €100kEq €110k ▲71.3%
4 profitable years in a row build equity to €110k.
07-06
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
19-06
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
31-12
Financial
Weakest financial yearnet €16k ▼37.3%
Net result drops to €16k, the lowest in the series; recovery starts the following year.
20-05
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
04-06
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
31-05
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
2016
02-06
NBB filing
Annual accounts filed
fiscal year 2015 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
1 act for this company is 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, Dalhem · 1 establishment unit since 2009
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Chaussée de Julémont(StA) 234606 DalhemGround area
7,377 m²
Building footprint
49 m²
Volume, LiDAR
395 m³
2 parcels, Wallonia · tallest building 9.1 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
ALVA CONCEPT
since 20092.180.896.134
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 62092B0043/00N000 | Wallonia | 6,613 m² | - | - |
| 62103B0614/00Y005 | Wallonia | 764 m² | 1 · 49 m² | 9.1 m · 3 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
M.T.T
BE 0417.928.458
Welkenraedt · Eq €257k
TEBU-BIO
BE 0447.352.716
Lier · Eq €260k
ANIMAL SERVICE
BE 0554.780.810
Ans · Eq €257k
BANDALUX BELUX
BE 0466.494.972
Brussel · Eq €260k
M.W. - TRADING
BE 0443.897.635
Zoersel · Eq €256k
Of 1,556 companies in sector 46900 we hold annual accounts for 913. 665 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded21-09-2009
Fiscal year end31-12
Activities, NACEBEL
46900Non-specialised wholesale trade
47120Other non-specialised retail sale
47789Other retail sale of new goods
47910Retail trade
71121Engineering and related technical consultancy, excluding land surveyors
Sources
Crossroads Bank for EnterprisesNational Bank · 15 filingsAddress and cadastre registers
Data from official sources, last processed on 13-09-2026. Scores and ratios are computed by Checked and are not a credit decision.