Alvano
ActiveSummary
Alvano has been active since 1992 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €477,797 and a net result of €22,378. Equity is growing by ~2.5% per year across the filed fiscal years. The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability71▼-1
Solvency71▲+4
Growth52=
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €30,000 at 30 days acceptable
Liquidity short (current ratio 0.03 against 0.05 in 2024; short-term debt: 28.9% and cash: 0.8% of total assets), and 54.2% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
45.8%
Return on assets
2.1%
Age of the figures
9 mo
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 17-07-2026, 14 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
14 d early
2024
15 d early
2023
21 d early
2022
48 d early
2021
24 d early
2020
12 d late
2019
14 d early
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 7 accounts on average 18 days before the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
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
27-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€477,797▲ 4.9%
2024 · €455,420
Total assets
€1.0m▼ 4.6%
2024 · €1.1m
Net result
€22,378▼ 8.5%
2024 · €24,450
Working capital
-€292,886▼ 2.8%
2024 · -€284,989
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€14,104▲ 15.1%€18,897▲ 34.0%€21,793▲ 15.3%€40,329▲ 85.1%€35,275▼ 12.5%
Net result€7,680▲ 42.3%€13,283▲ 73.0%€9,957▼ 25.0%€24,450▲ 146%€22,378▼ 8.5%
Equity€407,729▲ 1.9%€421,012▲ 3.3%€430,970▲ 2.4%€455,420▲ 5.7%€477,797▲ 4.9%
Total assets€1.2m▼ 2.2%€1.2m▼ 6.1%€1.1m▼ 2.3%€1.1m▼ 3.1%€1.0m▼ 4.6%
Debt€674,133▼ 4.1%€591,439▼ 12.3%€561,174▼ 5.1%€507,478▼ 9.6%€440,215▼ 13.3%
Working capital-€234,979▼ 4.7%-€240,347▼ 2.3%-€279,169▼ 16.2%-€284,989▼ 2.1%-€292,886▼ 2.8%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 13% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.0m
Fixed assets
€1.0m ▼ 4.1%
Current assets
€8,971 ▼ 43.8%
Equity and liabilities €1.0m
Equity
€477,797 ▲ 4.9%
Provisions
€125,514 ▼ 4.5%
Debt
€440,215 ▼ 13.3%
Debt's share of the balance-sheet total falls from 46.4% to 42.2%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€80,318▼
2024 · €87,302
Cash flow
€67,421▼
2024 · €71,423
Current ratio
0.03▼
2024 · 0.05
Debt to equity
0.92▼
2024 · 1.11
ROE
4.7%▼
2024 · 5.4%
ROA
2.1%▼
2024 · 2.2%
Interest coverage
13.35▲
2024 · 11.47
Debt ≤ 1 year
€301,857▲
2024 · €300,944
Debt > 1 year
€135,358▼
2024 · €202,984
Income taxes
€12,787▼
2024 · €14,176
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 14,684 companies that looked in July 2024 the way this one looks now, 0.2% went bankrupt within 24 months and 96% are still going.
- Small
- 20 years or older
- solvency 30% or more
- a profit under 5% of the balance sheet
0.2%
went bankrupt
3.5%
stopped otherwise
96%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a higher bankruptcy probability: 0.6% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 14,684 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €51,130 | €52,163 | €53,642 | €46,973 | €45,043 | ▼ 4.1% |
| Other operating charges640/8 | €7,632 | €7,473 | €9,728 | €8,390 | €8,650 | ▲ 3.1% |
| Gross operating margin9900 | €72,866 | €78,533 | €85,163 | €95,692 | €88,968 | ▼ 7.0% |
| Operating profit (loss)9901 | €14,104 | €18,897 | €21,793 | €40,329 | €35,275 | ▼ 12.5% |
| Financial charges65/66B | €12,331 | €10,691 | €9,139 | €7,610 | €6,016 | ▼ 20.9% |
| Recurring financial charges65 | €12,331 | €10,691 | €9,139 | €7,610 | €6,016 | ▼ 20.9% |
| Profit (loss) for the period before taxes9903 | €1,773 | €8,206 | €12,654 | €32,719 | €29,259 | ▼ 10.6% |
| Transfer from deferred taxes780 | €5,907 | €5,907 | €5,907 | €5,907 | €5,906 | = |
| Income taxes67/77 | - | €830 | €8,604 | €14,176 | €12,787 | ▼ 9.8% |
| Profit (loss) for the period9904 | €7,680 | €13,283 | €9,957 | €24,450 | €22,378 | ▼ 8.5% |
| Transfer from tax-exempt reserves789 | €14,491 | €14,492 | €14,492 | €14,492 | €14,492 | = |
| Profit (loss) for the period to be appropriated9905 | €22,171 | €27,775 | €24,449 | €38,942 | €36,870 | ▼ 5.3% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.2m | €1.2m | €1.1m | €1.1m | €1.0m | ▼ 4.6% |
| Fixed assets21/28 | €1.2m | €1.1m | €1.1m | €1.1m | €1.0m | ▼ 4.1% |
| Tangible fixed assets22/27 | €1.2m | €1.1m | €1.1m | €1.1m | €1.0m | ▼ 4.1% |
| Land and buildings22 | €1.2m | €1.1m | €1.1m | €1.1m | €1.0m | ▼ 4.1% |
| Current assets29/58 | €33,732 | €10,577 | €7,949 | €15,955 | €8,971 | ▼ 43.8% |
| Amounts receivable within one year40/41 | €25,865 | - | - | - | - | - |
| Trade receivables40 | €25,865 | - | - | - | - | - |
| Cash at bank and in hand54/58 | €6,920 | €9,743 | €7,312 | €15,282 | €8,265 | ▼ 45.9% |
| Deferred charges and accrued income490/1 | €947 | €834 | €637 | €673 | €706 | ▲ 4.9% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.2m | €1.2m | €1.1m | €1.1m | €1.0m | ▼ 4.6% |
| Equity10/15 | €407,729 | €421,012 | €430,970 | €455,420 | €477,797 | ▲ 4.9% |
| Contributions10/11 | €39,167 | €39,167 | €39,168 | €39,168 | €39,167 | = |
| Capital10 | €39,167 | €39,167 | - | - | - | - |
| Issued capital100 | €39,167 | €39,167 | - | - | - | - |
| Reserves13 | €373,772 | €359,280 | €344,788 | €330,296 | €315,804 | ▼ 4.4% |
| Non-distributable reserves130/1 | €2,656 | €2,657 | - | - | - | - |
| Legal reserve130 | €2,656 | €2,657 | - | - | - | - |
| Tax-exempt reserves132 | €365,078 | €350,585 | €336,093 | €321,602 | €307,110 | ▼ 4.5% |
| Distributable reserves133 | €6,038 | €6,038 | €8,695 | €8,694 | €8,694 | = |
| Profit (loss) carried forward14 | -€5,210 | €22,565 | €47,014 | €85,956 | €122,826 | ▲ 42.9% |
| Provisions and deferred taxes16 | €149,141 | €143,234 | €137,327 | €131,420 | €125,514 | ▼ 4.5% |
| Deferred taxes168 | €149,141 | €143,234 | €137,327 | €131,420 | €125,514 | ▼ 4.5% |
| Amounts payable17/49 | €674,133 | €591,439 | €561,174 | €507,478 | €440,215 | ▼ 13.3% |
| Amounts payable after more than one year17 | €402,422 | €337,515 | €271,056 | €202,984 | €135,358 | ▼ 33.3% |
| Financial debts170/4 | €402,422 | €337,515 | €271,056 | €202,984 | €135,358 | ▼ 33.3% |
| Amounts payable within one year42/48 | €268,711 | €250,924 | €287,118 | €300,944 | €301,857 | ▲ 0.3% |
| Current portion of amounts payable after more than one year42 | €63,394 | €64,907 | €66,458 | €68,072 | €69,727 | ▲ 2.4% |
| Trade debts44 | €26,116 | €13,486 | €3,455 | €7,595 | €10,242 | ▲ 34.9% |
| Suppliers440/4 | €26,116 | €13,486 | €3,455 | €7,595 | €10,242 | ▲ 34.9% |
| Taxes, remuneration and social security45 | - | €830 | €4,604 | €10,176 | €3,787 | ▼ 62.8% |
| Taxes450/3 | - | €830 | €4,604 | €10,176 | €3,787 | ▼ 62.8% |
| Other amounts payable47/48 | €179,201 | €171,701 | €212,601 | €215,101 | €218,101 | ▲ 1.4% |
| Accrued charges and deferred income492/3 | €3,000 | €3,000 | €3,000 | €3,550 | €3,000 | ▼ 15.5% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €7,680 | €13,283 | €9,957 | €24,450 | €22,378 | ▼ 8.5% |
| + Depreciation and write-downs630 | €51,130 | €52,163 | €53,642 | €46,973 | €45,043 | ▼ 4.1% |
| Operating cash flow (approximation) | €58,810 | €65,446 | €63,599 | €71,423 | €67,421 | ▼ 5.6% |
| Investment in fixed assets (approximation) | - | €0 | -€30,056 | -€3,814 | -€1,235 | ▲ 67.6% |
| Change in cash | - | €2,823 | -€2,431 | €7,970 | -€7,017 | ▼ 188% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
17-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
16-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
10-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
13-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
07-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
12-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 12 days late
2020
31-12
Financial
Back to profitnet €5,397
Net result €5,397 after one loss-making year.
17-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Weakest financial yearnet -€8,577
Net result drops to -€8,577, the lowest in the series; recovery starts the following year.
05-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
16-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 16 days late
2017
21-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 21 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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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, Sint-Martens-Latem · 1 establishment unit since 1997
Ground area
1,646 m²
Building footprint
277 m²
Volume, LiDAR
1,479 m³
Parcel 44015A0305/00X002, Flanders · tallest building 9.7 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Kapitteldreef 72, 9830 Sint-Martens-Latem
since 19972.081.365.721
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44015A0305/00X002 | Flanders | 1,645 m² | 1 · 277 m² | 9.7 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Identification & contact
Identification
Legal formPrivate limited company
Founded10-06-1992
Fiscal year end31-12
E-invoicing
Reachable via Peppol
Peppol ID
0208:0447636588
Also
9925:BE0447636588
Registered
30-01-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.