ALVAGRO
ActiveALVAGRO has been active since 1997 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €80k and a net result of €8k. Equity is growing by ~3.5% per year across the filed fiscal years. Its solvency ranks better than 78% of 27407 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2025
100
/ 100
Excellent▲ +48 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability51▲+51
Solvency100=
Growth78▲+26
Stability100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €8k at 30 days acceptable
Liquidity ample (current ratio 2.39 against 2.81 in 2024), and 27% 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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Sector 43
higher
← 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
73%
Return on assets
7.5%
Age of the figures
15 mo
neutral · Filed after the deadline
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 02-02-2026, 2 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
2 d late
2024
4 d late
2023
on the day
2022
on the day
2021
on the day
2020
2 d early
2019
3 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close15-09-2026 today31-01-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€80k▲ 11.5%
2024 · €72k
2019: €63k
2020: €71k
2021: €85k
2022: €76k
2023: €93k
2024: €72k
2019 → 2025
Total assets
€110k▲ 19.9%
2024 · €92k
2019: €81k
2020: €84k
2021: €107k
2022: €120k
2023: €128k
2024: €92k
2019 → 2025
Net result
€8k
2024 · €-21k
2019: €-5k
2020: €7k
2021: €14k
2022: €-9k
2023: €17k
2024: €-21k
2019 → 2025
Working capital
€39k▲ 66.9%
2024 · €23k
2019: €32k
2020: €57k
2021: €81k
2022: €29k
2023: €44k
2024: €23k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€85k-€76k▼ 10.1%€93k▲ 22.4%€72k▼ 22.9%€80k▲ 11.5%
Operating result€20k-€-8k€23k€-21k€10k
Net result€14k-€-9k€17k€-21k€8k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €10k after a loss of €21k in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €110k
Fixed assets
€43k▼ 22.3%
Current assets
€67k▲ 85.0%
Equity and liabilities €110k
Equity
€80k▲ 11.5%
Debt
€30k▲ 51.0%
The debt ratio rises from 21.4% to 27.0%: debt grows faster than equity.
Key figures and ratios
EBITDA
€22k▲
2024 · €-9k
Cash flow
€21k▲
2024 · €-9k
Solvency
73.0%▼
2024 · 78.6%
Current ratio
2.39▼
2024 · 2.81
Quick ratio
2.23▼
2024 · 2.46
Debt / equity
0.37▲
2024 · 0.27
ROE
10.3%▲
2024 · -29.6%
ROA
7.5%▲
2024 · -23.3%
Interest coverage
68.64▲
2024 · -21.85
Debt
€30k▲
2024 · €20k
Debt ≤ 1 year
€28k▲
2024 · €13k
Debt > 1 year
€2k▼
2024 · €7k
Income taxes
€1k▲
2024 · €170
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€92k€110k▲
Fixed assets21/28€55k€43k▼
Intangible fixed assets21€3k€2k▼
Tangible fixed assets22/27€53k€41k▼
Land and buildings22€173-
Plant, machinery and equipment23€5k€4k▼
Furniture and vehicles24€47k€37k▼
Current assets29/58€36k€67k▲
Stocks and contracts in progress3€5k€5k=
Stocks30/36€5k€5k=
Amounts receivable within one year40/41€7k€14k▲
Trade receivables40€4k€10k▲
Other amounts receivable41€4k€4k▲
Cash at bank and in hand54/58€20k€43k▲
Deferred charges and accrued income490/1€4k€5k▲
Equity and liabilities
Total equity and liabilities10/49€92k€110k▲
Equity10/15€72k€80k▲
Contributions10/11€19k€19k=
Reserves13€53k€62k▲
Distributable reserves133€53k€62k▲
Amounts payable17/49€20k€30k▲
Amounts payable after more than one year17€7k€2k▼
Financial debts170/4€7k€2k▼
Amounts payable within one year42/48€13k€28k▲
Current portion of amounts payable after more than one year42€5k€5k▲
Trade debts44€2k€10k▲
Suppliers440/4€2k€10k▲
Taxes, remuneration and social security45-€1k
Taxes450/3-€1k
Other amounts payable47/48€6k€12k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€12k€12k▲
Other operating charges640/8€4k€4k▲
Gross operating margin9900€-5k€26k▲
Operating profit (loss)9901€-21k€10k▲
Financial income75/76B€0€0▲
Recurring financial income75€0€0▲
Financial charges65/66B€404€321▼
Recurring financial charges65€404€321▼
Profit (loss) for the period before taxes9903€-21k€9k▲
Income taxes67/77€170€1k▲
Profit (loss) for the period9904€-21k€8k▲
Profit (loss) for the period to be appropriated9905€-21k€8k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-21k€8k▲
Transfer from equity791/2€21k-
Transfer to equity691/2-€8k
To other reserves6921-€8k
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
2026
02-02
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 2 days late
2025
30-06
Financial
Back to profitnet €8k
Net result €8k after one loss-making year.
04-02
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 4 days late
2024
30-06
Financial
Weakest financial yearnet €-21k ▼225%
Net result drops to €-21k, the lowest in the series; recovery starts the following year.
31-01
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
30-06
Financial
Back to profitnet €17k
Net result €17k after one loss-making year.
31-01
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-01
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
29-01
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
30-06
Financial
Back to profitnet €7k
Net result €7k after one loss-making year.
28-01
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
29-01
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
15-01
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
30-01
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
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, Zedelgem · 1 establishment unit since 1997
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.
Rembertstraat 1368210 ZedelgemGround area
932 m²
Building footprint
167 m²
Volume, LiDAR
864 m³
Parcel 31036B0003/00M000, Flanders · tallest building 8.2 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Rembertstraat 136, 8210 Zedelgem
since 19972.081.734.321
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 31036B0003/00M000 | Flanders | 932 m² | 1 · 167 m² | 8.2 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.
Public money · subsidies and aid
Flemish government
2023 to 2025 · 2 entries · 524 EUR awarded · 524 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 458 EUR | 458 EUR |
| 2023 | 1 | 66 EUR | 66 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Similar companies · same sector, comparable size
TOUATI-PRO
BE 0843.548.424
Sint-Pieters-Leeuw · Eq €80k
HENRI CONSTRUCTION
BE 0864.569.314
Oudergem · Eq €80k
Ons Droomboompje
BE 0426.241.952
Hamme (Vl.) · Eq €79k
JDL HOLDING
BE 0744.555.271
Temse · Eq €81k
MAVZER
BE 0448.353.004
Gent · Eq €79k
Of 1,348 companies in sector 43110 we hold annual accounts for 621. 486 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded15-04-1997
Fiscal year end30-06
Activities, NACEBEL
43110Demolition
45111
43120Site preparation
45112
71210
77120Rental and leasing activities
Sources
Crossroads Bank for EnterprisesNational Bank · 28 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.