Alvades
ActiveAlvades has been active since 1996 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €460k and a net result of €-37k. Equity is shrinking by ~8.7% per year across the filed fiscal years. Its solvency ranks better than 86% of 14079 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
72
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability11▲+7
Solvency100=
Growth58=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €30k at 30 days acceptable
Liquidity ample (current ratio 2.39 against 2.52 in 2024; short-term debt: 17.8% and cash: 23.4% of total assets), and 17.8% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven 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 68
Relative position
BE, all sectors
reference
Sector 68
lower
← 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
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 2025Solvency, return and age of the figures
Solvency
82.2%
Return on assets
-6.6%
Age of the figures
18 mo
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
19202122232425
2019 to 2025 · latest year €-37k
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2025 was due by 31-10-2025 and was filed on 03-10-2025, 28 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
28 d early
2024
28 d early
2023
5 d early
2022
3 d early
2021
6 d early
2020
32 d early
2019
31 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-03-2026 and is due by 31-10-2026. Nothing is late today.
Companies Code · seven monthsPosition in the running window
31-03-2026 close23-09-2026 today31-10-2026 deadline
Financials · fiscal year 2025, micro schema
Equity
€460k▼ 7.4%
2024 · €497k
2019: €785k
2020: €764k
2021: €656k
2022: €529k
2023: €576k
2024: €497k
2019 → 2025
Total assets
€560k▼ 6.9%
2024 · €601k
2019: €877k
2020: €832k
2021: €698k
2022: €558k
2023: €691k
2024: €601k
2019 → 2025
Net result
€-37k▲ 53.3%
2024 · €-79k
2019: €-287k
2020: €-21k
2021: €-108k
2022: €-128k
2023: €47k
2024: €-79k
2019 → 2025
Working capital
€139k▼ 12.7%
2024 · €159k
2019: €-11k
2020: €196k
2021: €104k
2022: €4k
2023: €143k
2024: €159k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€656k-€529k▼ 19.4%€576k▲ 9.0%€497k▼ 13.7%€460k▼ 7.4%
Operating result€-43k-€-94k▼ 120%€58k€38k▼ 34.7%€-104k
Net result€-108k-€-128k▼ 18.6%€47k€-79k€-37k▲ 53.3%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €104k after €38k in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €560k
Fixed assets
€321k▼ 5.0%
Current assets
€238k▼ 9.4%
Equity and liabilities €560k
Equity
€460k▼ 7.4%
Debt
€100k▼ 4.5%
The debt ratio rises from 17.4% to 17.8%. Equity and debt are lower.
Key figures and ratios
EBITDA
€-87k▼
2024 · €55k
Cash flow
€-20k▲
2024 · €-62k
Solvency
82.2%▼
2024 · 82.6%
Current ratio
2.39▼
2024 · 2.52
Quick ratio
2.39▼
2024 · 2.52
Debt / equity
0.22▲
2024 · 0.21
ROE
-8.0%▲
2024 · -15.9%
ROA
-6.6%▲
2024 · -13.2%
Interest coverage
-4.70▼
2024 · 0.20
Debt
€100k▼
2024 · €104k
Debt ≤ 1 year
€100k▼
2024 · €104k
Income taxes
€194▲
2024 · €185
Staff costs
€89k▲
2024 · €87k
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 · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€601k€560k▼
Fixed assets21/28€338k€321k▼
Tangible fixed assets22/27€338k€321k▼
Land and buildings22€322k€307k▼
Furniture and vehicles24€16k€15k▼
Financial fixed assets28€134€134=
Current assets29/58€263k€238k▼
Current investments50/53€215k€107k▼
Cash at bank and in hand54/58€48k€131k▲
Deferred charges and accrued income490/1€804€771▼
Equity and liabilities
Total equity and liabilities10/49€601k€560k▼
Equity10/15€497k€460k▼
Contributions10/11€19k€19k=
Reserves13€478k€441k▼
Distributable reserves133€478k€441k▼
Amounts payable17/49€104k€100k▼
Amounts payable within one year42/48€104k€100k▼
Trade debts44€3k€5k▲
Suppliers440/4€3k€5k▲
Taxes, remuneration and social security45€5k€179▼
Taxes450/3€1k€179▼
Remuneration and social security454/9€3k€0▼
Other amounts payable47/48€97k€95k▼
Accrued charges and deferred income492/3€0-
Income statement
Code20242025
Non-recurring operating income76A€157k€3k▼
Remuneration, social security and pensions62€87k€89k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€17k€17k▲
Other operating charges640/8€5k€3k▼
Gross operating margin9900€146k€4k▼
Operating profit (loss)9901€38k€-104k▼
Financial income75/76B€162k€86k▼
Recurring financial income75€162k€86k▼
Financial charges65/66B€279k€19k▼
Recurring financial charges65€279k€19k▼
Profit (loss) for the period before taxes9903€-79k€-37k▲
Income taxes67/77€185€194▲
Profit (loss) for the period9904€-79k€-37k▲
Profit (loss) for the period to be appropriated9905€-79k€-37k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-79k€-37k▲
Transfer from equity791/2€79k€37k▼
Transfer to equity691/2€0-
To other reserves6921€0-
The notes to these accounts (8 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
2025
03-10
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2024
03-10
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2023
26-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
31-03
Financial
Back to profitnet €47k
Net result €47k after 4 loss-making years.
31-03
Financial
Liquidity doublescurrent ratio 2.34
Current ratio from 1.15 to 2.34.
2022
28-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2021
25-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2020
29-09
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
31-03
Financial
Liquidity times 7current ratio 5.46
Current ratio from 0.74 to 5.46.
2019
30-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2018
28-09
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2017
31-10
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2016
26-10
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
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, Kortrijk · 1 establishment unit since 1996
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.
Groene Dreef(Rol) 168510 KortrijkGround area
1,274 m²
Building footprint
184 m²
Volume, LiDAR
1,113 m³
Parcel 34033C0211/00L000, Flanders · tallest building 9.6 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Groene Dreef(Rol) 16, 8510 Kortrijk
since 19962.214.476.742
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34033C0211/00L000 | Flanders | 1,274 m² | 1 · 184 m² | 9.6 m · 2 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.
Recognitions · licences · registrations
Legal Entity Identifier
9676007VQM9XN08IKJ37
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Of 12,023 companies in sector 68203 we hold annual accounts for 5,986. 4,429 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded07-11-1996
Fiscal year end31-03
Activities, NACEBEL
68203Renting and operating of own or leased non-residential real estate, excluding land
Sources
Crossroads Bank for EnterprisesNational Bank · 28 filingsAddress and cadastre registers
Data from official sources, last processed on 23-09-2026. Scores and ratios are computed by Checked and are not a credit decision.