ALVAD - SCA
ActiveSummary
The computed 12-month bankruptcy probability of ALVAD - SCA is 2.1% (moderate). The 2025 annual accounts show negative equity (€-134k) and a net result of €-18k. Equity is shrinking by ~18.7% per year across the filed fiscal years. Its solvency ranks better than 5% of 18280 sector peers (fiscal year 2025). The company has been active since 1990 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
19
/ 100
Critical
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability0=
Solvency0=
Growth32=
Track record100
Bankruptcy probability, 12 months
2.1%
Moderate
0%0.5%1.5%4%10%≥ 25%
No credit on open account
balance sheet total too small for a liquidity verdict, and equity is negative.
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
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Age of the figures
Age of the figures
9 mo
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 47
Relative position
BE, all sectors
reference
Sector 47
higher
← fewer bankruptcies
more bankruptcies →
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €-134k
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 16-07-2026, 15 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
15 d early
2024
44 d early
2023
8 d early
2022
47 d early
2021
32 d late
2020
2 d late
2019
30 d early
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
24-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€-134k▼ 15.5%
2024 · €-116k
2018: €-42k
2019: €-50k
2020: €-56k
2021: €-64k
2022: €-83k
2023: €-106k
2024: €-116k
2018 → 2025
Total assets
€5k▲ 26.1%
2024 · €4k
2018: €2k
2019: €5k
2020: €4k
2021: €4k
2022: €4k
2023: €7k
2024: €4k
2018 → 2025
Net result
€-18k▼ 82.2%
2024 · €-10k
2018: €-4k
2019: €-8k
2020: €-5k
2021: €-8k
2022: €-19k
2023: €-23k
2024: €-10k
2018 → 2025
Working capital
€-135k▼ 14.7%
2024 · €-118k
2018: €-43k
2019: €-50k
2020: €-56k
2021: €-64k
2022: €-83k
2023: €-108k
2024: €-118k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€-64k-€-83k▼ 29.6%€-106k▼ 28.2%€-116k▼ 9.3%€-134k▼ 15.5%
Operating result€-8k-€-18k▼ 137%€-23k▼ 24.8%€-10k▲ 57.6%€-18k▼ 85.3%
Net result€-8k-€-19k▼ 135%€-23k▼ 23.5%€-10k▲ 57.8%€-18k▼ 82.2%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €18k in 2025 against €10k in 2024; the loss grows.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €5k
Fixed assets
€644 ▼ 50.9%
Current assets
€4k ▲ 69.3%
Key figures and ratios
EBITDA
€-17k▼
2024 · €-9k
Cash flow
€-17k▼
2024 · €-9k
Interest coverage
-50.63▲
2024 · -89.11
Debt
€139k▲
2024 · €120k
Debt ≤ 1 year
€139k▲
2024 · €120k
Ratios withheld: a balance sheet total of €5k is too small for a meaningful ratio.
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 34 lines
Balance sheet
Code20242025
Assets
Total assets20/58€4k€5k▲
Fixed assets21/28€1k€644▼
Tangible fixed assets22/27€1k€570▼
Plant, machinery and equipment23€1k€570▼
Financial fixed assets28€74€74=
Current assets29/58€2k€4k▲
Stocks and contracts in progress3€1k€1k=
Stocks30/36€1k€1k=
Amounts receivable within one year40/41€242€2k▲
Other amounts receivable41€242€2k▲
Cash at bank and in hand54/58€471€376▼
Deferred charges and accrued income490/1€203€158▼
Equity and liabilities
Total equity and liabilities10/49€4k€5k▲
Equity10/15€-116k€-134k▼
Contributions10/11€19k€19k=
Profit (loss) carried forward14€-135k€-153k▼
Amounts payable17/49€120k€139k▲
Amounts payable within one year42/48€120k€139k▲
Trade debts44€452€273▼
Suppliers440/4€452€273▼
Other amounts payable47/48€119k€139k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€667€667=
Other operating charges640/8€682€886▲
Gross operating margin9900€-8k€-17k▼
Operating profit (loss)9901€-10k€-18k▼
Financial income75/76B€1€462▲
Recurring financial income75€1€462▲
Financial charges65/66B€102€344▲
Recurring financial charges65€102€344▲
Profit (loss) for the period before taxes9903€-10k€-18k▼
Profit (loss) for the period9904€-10k€-18k▼
Profit (loss) for the period to be appropriated9905€-10k€-18k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-135k€-153k▼
Profit (loss) brought forward from the previous period14P€-125k€-135k▼
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
16-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
17-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
23-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Weakest financial yearnet €-23k
Net result drops to €-23k, the lowest in the series; recovery starts the following year.
14-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
01-09
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 32 days late
2021
02-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 2 days late
2020
01-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
27-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 27 days late
2018
30-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
28-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 28 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 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, Elsene · 1 establishment unit since 1990
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.
Sans Soucistraat 110H1050 ElseneGround area
1,782 m²
Building footprint
338 m²
Volume, LiDAR
4,980 m³
Parcel 21442A0086/00R002, Brussels · tallest building 21.2 m, ±6 floors. Linked by address, not a title deed.
1 establishment unit
Sans Soucistraat 110, 1050 Elsene
since 19902.050.166.759
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21442A0086/00R002 | Brussels | 1,782 m² | 1 · 338 m² | 21.2 m · 6 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector and region
AL BORJ
BE 0828.712.768
Elsene
ALTERNATIVE
BE 0899.280.466
Brussel
ANAIS SKOPJE
BE 0886.328.788
Elsene
ANCIEN ETABLISSEMENT CABO
BE 0441.989.606
Elsene
BEST AUTO
BE 1038.524.065
Brussel
This company's figures show no positive equity and no headcount, so a size comparison is not possible. These companies share only the sector and the region. Of 10,671 companies in sector 47811 we hold annual accounts for 5,222. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded06-11-1990
Fiscal year end31-12
Activities, NACEBEL 2025
47811Retail sale of cars and light vans (up to 3.5 tonnes)
66220Insurance agents and brokers
Sources
Crossroads Bank for EnterprisesNational Bank · 35 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.