ALVADO
ActiveSummary
ALVADO has been active since 1994 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €115k and a net result of €13k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 29% of 17043 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
74
/ 100
Healthy
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability73▼-12
Solvency57▲+5
Growth78=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €8k at 30 days acceptable
Liquidity ample (current ratio 3.12 against 2.19 in 2024; short-term debt: 9.7% and cash: 6.7% of total assets), but 67.6% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 62
Relative position
BE, all sectors
reference
Sector 62
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
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
32.4%
Return on assets
3.7%
Age of the figures
9 mo
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €115k
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 04-07-2026, 27 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
27 d early
2024
25 d early
2023
46 d early
2022
36 d late
2021
60 d late
2020
56 d late
2019
74 d late
← 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
€115k▲ 13.1%
2024 · €101k
2018: €12k
2019: €-2k
2020: €-34k
2021: €-24k
2022: €1k
2023: €53k
2024: €101k
2018 → 2025
Total assets
€353k▼ 7.2%
2024 · €380k
2018: €42k
2019: €57k
2020: €247k
2021: €294k
2022: €304k
2023: €345k
2024: €380k
2018 → 2025
Net result
€13k▼ 72.8%
2024 · €49k
2018: €13k
2019: €-14k
2020: €-32k
2021: €-2k
2022: €25k
2023: €51k
2024: €49k
2018 → 2025
Working capital
€73k▲ 1.5%
2024 · €72k
2018: €11k
2019: €-5k
2020: €-9k
2021: €-28k
2022: €-3k
2023: €61k
2024: €72k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€-24k-€1k€53k▲ 3,966%€101k▲ 92.6%€115k▲ 13.1%
Operating result€3k-€28k▲ 822%€79k▲ 182%€76k▼ 3.2%€24k▼ 68.0%
Net result€-2k-€25k€51k▲ 104%€49k▼ 5.0%€13k▼ 72.8%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2025 is 68% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €353k
Fixed assets
€246k ▼ 1.0%
Current assets
€107k ▼ 18.7%
Equity and liabilities €353k
Equity
€115k ▲ 13.1%
Debt
€239k ▼ 14.5%
Debt's share of the balance-sheet total falls from 73.4% to 67.6%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€39k▼
2024 · €86k
Cash flow
€28k▼
2024 · €58k
Current ratio
3.12▲
2024 · 2.19
Debt to equity
2.08▼
2024 · 2.76
ROE
11.6%▼
2024 · 48.1%
ROA
3.7%▼
2024 · 12.8%
Interest coverage
8.89▼
2024 · 16.96
Debt ≤ 1 year
€34k▼
2024 · €60k
Debt > 1 year
€203k▼
2024 · €218k
Income taxes
€7k▼
2024 · €23k
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 · 51 lines
Balance sheet
Code20242025
Assets
Total assets20/58€380k€353k▼
Fixed assets21/28€249k€246k▼
Tangible fixed assets22/27€246k€244k▼
Land and buildings22€230k€228k▼
Plant, machinery and equipment23€3k€3k▼
Furniture and vehicles24€13k€12k▼
Financial fixed assets28€3k€3k=
Current assets29/58€132k€107k▼
Amounts receivable after more than one year29-€15k
Other amounts receivable291-€15k
Amounts receivable within one year40/41€52k€18k▼
Trade receivables40€45k€15k▼
Other amounts receivable41€7k€4k▼
Current investments50/53€30k€35k▲
Cash at bank and in hand54/58€34k€24k▼
Deferred charges and accrued income490/1€16k€15k▼
Equity and liabilities
Total equity and liabilities10/49€380k€353k▼
Equity10/15€101k€115k▲
Contributions10/11€19k€19k=
Reserves13€83k€96k▲
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Distributable reserves133€81k€94k▲
Amounts payable17/49€279k€239k▼
Amounts payable after more than one year17€218k€203k▼
Financial debts170/4€218k€203k▼
Amounts payable within one year42/48€60k€34k▼
Current portion of amounts payable after more than one year42€22k€15k▼
Trade debts44€22k€7k▼
Suppliers440/4€22k€7k▼
Taxes, remuneration and social security45€16k€821▼
Taxes450/3€16k€821▼
Other amounts payable47/48-€12k
Accrued charges and deferred income492/3€750€980▲
Income statement
Code20242025
Non-recurring operating income76A€6k-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€9k€14k▲
Other operating charges640/8€8k€2k▼
Non-recurring operating charges66A€7k-
Gross operating margin9900€101k€40k▼
Operating profit (loss)9901€76k€24k▼
Financial income75/76B€105€172▲
Recurring financial income75€105€172▲
Financial charges65/66B€5k€4k▼
Recurring financial charges65€5k€4k▼
Profit (loss) for the period before taxes9903€71k€20k▼
Income taxes67/77€23k€7k▼
Profit (loss) for the period9904€49k€13k▼
Profit (loss) for the period to be appropriated9905€49k€13k▼
Appropriation of the result
Profit (loss) to be appropriated9906€49k€13k▼
Transfer to equity691/2€49k€13k▼
To other reserves6921€49k€13k▼
The notes to these accounts (13 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
04-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
06-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Equity above €100kEq €101k ▲92.6%
3 profitable years in a row build equity to €101k.
15-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Highest result since 2018net €51k ▲104%
Operating result €79k, net result €51k, both a record.
05-09
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 36 days late
2022
31-12
Financial
Back to profitnet €25k
Net result €25k after 3 loss-making years.
29-09
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 60 days late
2021
25-09
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 56 days late
2020
31-12
Financial
Weakest financial yearnet €-32k
Net result drops to €-32k, the lowest in the series; recovery starts the following year.
13-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 74 days late
2019
17-09
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 48 days late
2018
25-09
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 56 days late
2017
09-10
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 70 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
6 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, Antwerpen · 1 establishment unit since 1994
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.
Juliaan Dillensstraat 562018 AntwerpenGround area
118 m²
Building footprint
85 m²
Volume, LiDAR
889 m³
Parcel 11810K1921/00P005, Flanders · tallest building 15.0 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
Juliaan Dillensstraat 56, 2018 Antwerpen
since 19942.069.317.727
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11810K1921/00P005 | Flanders | 118 m² | 1 · 85 m² | 15.0 m · 4 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.
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Of 29,996 companies in sector 62200 we hold annual accounts for 18,393. 15,522 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded25-10-1994
Fiscal year end31-12
Activities, NACEBEL 2025
62200Computer consultancy and computer facilities management
82100Office administrative and support services
82990Other business support services
Sources
Crossroads Bank for EnterprisesNational Bank · 31 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.