ALVAN INVEST
ActiveALVAN INVEST has been active since 1989 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €4.97M and a net result of €-36k. Equity is growing by ~6.3% per year across the filed fiscal years. Its solvency ranks better than 82% of 9195 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
78
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability62▲+26
Solvency100=
Growth52=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €380k at 30 days acceptable
Liquidity ample (current ratio 2.27 against 3.84 in 2024; short-term debt: 24.4% and cash: 3.7% of total assets), and 25.2% 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○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
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
74.8%
Return on assets
-0.5%
Age of the figures
9 mo
neutral · A punctual record breaks
This company filed 3 consecutive financial years on time. The year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 days late. Weigh it accordingly: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.
NBB · 10 filingsDeviation from the deadline
2025
31 d late
2024
31 d early
2023
23 d early
2022
31 d early
2021
29 d late
2020
4 d late
2019
24 d early
← before the deadline
after the deadline →
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
23-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€4.97M▼ 0.7%
2024 · €5.01M
2018: €2.45M
2019: €3.96M
2020: €3.92M
2021: €3.90M
2022: €4.89M
2023: €5.01M
2024: €5.01M
2018 → 2025
Total assets
€6.65M▲ 7.7%
2024 · €6.18M
2018: €6.05M
2019: €6.80M
2020: €6.70M
2021: €7.03M
2022: €8.44M
2023: €5.54M
2024: €6.18M
2018 → 2025
Net result
€-36k
2024 · €4k
2018: €542k
2019: €710k
2020: €-35k
2021: €-16k
2022: €988k
2023: €113k
2024: €4k
2018 → 2025
Working capital
€2.06M▼ 31.3%
2024 · €3.00M
2018: €536k
2019: €1.34M
2020: €1.25M
2021: €1.23M
2022: €2.90M
2023: €3.01M
2024: €3.00M
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€3.90M-€4.89M▲ 25.3%€5.01M▲ 2.3%€5.01M▲ 0.1%€4.97M▼ 0.7%
Operating result€27k-€1.14M▲ 4,180%€190k▼ 83.3%€64k▼ 66.2%€7k▼ 89.2%
Net result€-16k-€988k€113k▼ 88.5%€4k▼ 96.2%€-36k
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 three years in a row; 2025 is 89% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €6.65M
Fixed assets
€2.97M▲ 39.6%
Current assets
€3.68M▼ 9.1%
Equity and liabilities €6.65M
Equity
€4.97M▼ 0.7%
Debt
€1.68M▲ 43.7%
The debt ratio rises from 18.9% to 25.2%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€226k▲
2024 · €121k
Cash flow
€184k▲
2024 · €61k
Solvency
74.8%▼
2024 · 81.1%
Current ratio
2.27▼
2024 · 3.84
Quick ratio
1.14▼
2024 · 1.79
Debt / equity
0.34▲
2024 · 0.23
ROE
-0.7%▼
2024 · 0.1%
ROA
-0.5%▼
2024 · 0.1%
Interest coverage
5.28▲
2024 · 2.07
Debt
€1.68M▲
2024 · €1.17M
Debt ≤ 1 year
€1.62M▲
2024 · €1.05M
Debt > 1 year
€45k▼
2024 · €105k
Income taxes
€0▼
2024 · €2k
Staff costs
€18k
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€6.18M€6.65M▲
Fixed assets21/28€2.13M€2.97M▲
Tangible fixed assets22/27€808k€1.65M▲
Land and buildings22€782k€1.63M▲
Furniture and vehicles24€10k€10k=
Other tangible fixed assets26€16k€13k▼
Financial fixed assets28€1.32M€1.32M=
Current assets29/58€4.05M€3.68M▼
Stocks and contracts in progress3€2.17M€1.84M▼
Stocks30/36€2.17M€1.84M▼
Amounts receivable within one year40/41€1.80M€1.55M▼
Trade receivables40€10k€3k▼
Other amounts receivable41€1.79M€1.54M▼
Current investments50/53€41k€47k▲
Cash at bank and in hand54/58€32k€243k▲
Deferred charges and accrued income490/1€5k€4k▼
Equity and liabilities
Total equity and liabilities10/49€6.18M€6.65M▲
Equity10/15€5.01M€4.97M▼
Contributions10/11€2.17M€2.17M=
Capital10€2.17M€2.17M=
Issued capital100€2.17M€2.17M=
Reserves13€2.84M€2.80M▼
Non-distributable reserves130/1€169k€169k=
Legal reserve130€169k€169k=
Distributable reserves133€2.67M€2.64M▼
Amounts payable17/49€1.17M€1.68M▲
Amounts payable after more than one year17€105k€45k▼
Financial debts170/4€105k€45k▼
Amounts payable within one year42/48€1.05M€1.62M▲
Current portion of amounts payable after more than one year42€60k€60k=
Financial debts43€925k€1.50M▲
Credit institutions430/8€925k€1.50M▲
Trade debts44€64k€40k▼
Suppliers440/4€64k€40k▼
Taxes, remuneration and social security45€4k€9k▲
Taxes450/3€4k€7k▲
Remuneration and social security454/9-€3k
Other amounts payable47/48-€12k
Accrued charges and deferred income492/3€9k€11k▲
Income statement
Code20242025
Remuneration, social security and pensions62-€18k
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€56k€219k▲
Other operating charges640/8€19k€18k▼
Non-recurring operating charges66A€0-
Gross operating margin9900€140k€262k▲
Operating profit (loss)9901€64k€7k▼
Financial income75/76B€480€388▼
Recurring financial income75€480€388▼
Financial charges65/66B€58k€43k▼
Recurring financial charges65€58k€43k▼
Profit (loss) for the period before taxes9903€6k€-36k▼
Income taxes67/77€2k€0▼
Profit (loss) for the period9904€4k€-36k▼
Transfer from tax-exempt reserves789€0-
Profit (loss) for the period to be appropriated9905€4k€-36k▼
Appropriation of the result
Profit (loss) to be appropriated9906€4k€-36k▼
Transfer from equity791/2-€36k
Transfer to equity691/2€4k€0▼
To the legal reserve6920€215€0▼
To other reserves6921€4k€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
2026
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 31 days late
2025
31-12
Financial
Weakest financial yearnet €-36k ▼925%
Net result drops to €-36k, the lowest in the series.
30-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
08-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Liquidity times 5current ratio 9.30
Current ratio from 1.87 to 9.30; short-term debt falls from €3.32M to €362k.
31-12
Financial
Equity above €5MEq €5.01M ▲2.3%
2 profitable years in a row build equity to €5.01M.
30-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Back to profitnet €988k
Net result €988k after 2 loss-making years.
29-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 29 days late
2021
04-08
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 4 days late
2020
07-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
21-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 21 days late
2018
05-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
06-07
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
4 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, Gent · 1 establishment unit since 1989
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.
Kortrijksesteenweg 11149051 GentGround area
1,040 m²
Building footprint
375 m²
Volume, LiDAR
2,859 m³
Parcel 44062B0064/00N003, Flanders · tallest building 10.7 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
ALVAN INVEST
since 19892.044.942.914
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44062B0064/00N003 | Flanders | 1,040 m² | 1 · 375 m² | 10.7 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
984500E0768639492A72
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Of 11,750 companies in sector 68310 we hold annual accounts for 6,908. 1,651 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded16-08-1989
Fiscal year end31-12
Activities, NACEBEL
68203Renting and operating of own or leased non-residential real estate, excluding land
68310Real estate agency activities
68311Real estate activities
70311
35110Production of electricity from non-renewable sources
96993Pet care services, excluding veterinary services
Sources
Crossroads Bank for EnterprisesNational Bank · 36 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.