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ALVEE

Active
Private limited company (pre-2019)founded 198640 yrs activeTurkeyen 1, 8647 Lo-Reninge, BelgiumKBO/BCE: BE 0428.577.276
Summary

ALVEE has been active since 1986 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €434,047 and a net result of -€33,543. Equity is growing by ~13.5% per year across the filed fiscal years. Its solvency ranks better than 63% of 8115 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).

Checked score

Score 2025
Axes · tick = 2024
Profitability26▼-62
Solvency83▼-2
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
0.4% Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €25,000 at 30 days acceptable
Liquidity ample (current ratio 1.98 against 2.06 in 2024; short-term debt: 42.5% and cash: 0% of total assets), and 42.5% of the assets are financed with debt.
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Signals

Three 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 date
Age against the risk zone
highest failure risk from 2 to 8 years 40 years 0 50 y
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Wholesale trade (NACE 46)
about 21% more bankruptcies
← fewer bankruptcies more bankruptcies →
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 23-07-2026, 8 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
8 d early
2024
6 d early
2023
44 d early
2022
34 d early
2021
39 d early
2020
40 d early
2019
30 d early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 7 accounts on average 29 days before the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 39% of the sector filed 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 months
Position in the running window
27-09-2026 today31-12-2026 close31-07-2027 deadline
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

On 21 February 1986, ALVEE was incorporated.1 Total assets went from EUR 1.6 million in 2018 to EUR 754,803 in 2025.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2018 and 2025

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Financials · fiscal year 2025, abbreviated schema

Equity
€434,047▼ 7.2%
2024 · €467,591
Total assets
€754,803▼ 2.9%
2024 · €777,302
Net result
-€33,543
2024 · €122,048
Working capital
€313,237▼ 4.3%
2024 · €327,354
Trend over the years

Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 46, Wholesale trade, each year against the same schema; no band under 30 filings. Dashed line: the median.

Every figure with its change against the fiscal year before
favourable unfavourable
Line20212022202320242025
Operating result€214,648▲ 105%-€25,400-€5,687▲ 77.6%€130,254-€33,754
Net result€199,233above the sector's middle half▲ 98.0%-€29,404below the sector's middle half-€13,808below the sector's middle half▲ 53.0%€122,048within the sector's middle half-€33,543below the sector's middle half
Equity€488,754within the sector's middle half▲ 68.8%€459,351within the sector's middle half▼ 6.0%€445,543within the sector's middle half▼ 3.0%€467,591within the sector's middle half▲ 4.9%€434,047within the sector's middle half▼ 7.2%
Total assets€767,619within the sector's middle half▼ 2.9%€728,609within the sector's middle half▼ 5.1%€711,782within the sector's middle half▼ 2.3%€777,302within the sector's middle half▲ 9.2%€754,803within the sector's middle half▼ 2.9%
Debt€278,865▼ 8.5%€269,259▼ 3.4%€266,239▼ 1.1%€309,711▲ 16.3%€320,756▲ 3.6%
Working capital€11,649-€7,705-€14,275▼ 85.3%€327,354€313,237▼ 4.3%
Solvency63.7%within the sector's middle half▲ 27.0pp63.0%within the sector's middle half▼ 0.6pp62.6%within the sector's middle half▼ 0.4pp60.2%within the sector's middle half▼ 2.4pp57.5%within the sector's middle half▼ 2.7pp
above within below the middle half (P25 to P75) of NACE 46, Wholesale trade, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
-€100,000€0€100,000€200,000Operating result 2021: €214,648€214,648Net result 2021: €199,233€199,233Operating result 2022: -€25,400-€25,400Net result 2022: -€29,404-€29,404Operating result 2023: -€5,687-€5,687Net result 2023: -€13,808-€13,808Operating result 2024: €130,254€130,254Net result 2024: €122,048€122,048Operating result 2025: -€33,754-€33,754Net result 2025: -€33,543-€33,54320212022202320242025-€50,000€0€50,000€100,000€150,000Operating result 2023: -€5,687-€5,690Net result 2023: -€13,808-€13,800Operating result 2024: €130,254€130,000Net result 2024: €122,048€122,000Operating result 2025: -€33,754-€33,800Net result 2025: -€33,543-€33,500202320242025
The operating result turns negative in 2025: a loss of €33,754 after €130,254 in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €754,803
Fixed assets €120,810 ▼ 13.9%
Current assets €633,993 ▼ 0.5%
Equity and liabilities €754,803
Equity €434,047 ▼ 7.2%
Debt €320,756 ▲ 3.6%
Debt's share of the balance-sheet total rises from 39.8% to 42.5%. Equity is lower and debt is higher.
Key figures and ratios
2025 value · change against 2024
EBITDA
-€14,328▼
2024 · €149,835
Cash flow
-€14,117▼
2024 · €141,629
Current ratio
1.98▼
2024 · 2.06
Debt to equity
0.74▲
2024 · 0.66
ROE
-7.7%▼
2024 · 26.1%
ROA
-4.4%▼
2024 · 15.7%
Interest coverage
68.07▲
2024 · 18.26
Debt ≤ 1 year
€320,756▲
2024 · €309,711
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 8,594 companies that looked in July 2024 the way this one looks now, 0.4% went bankrupt within 24 months and 94% are still going.

  • Small
  • 20 years or older
  • solvency 30% or more
  • a small loss
0.4% went bankrupt
5.2% stopped otherwise
94% still going

A further 0.3% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a bankruptcy probability of 0.4% over twelve months; the group does not contradict it.

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%.

The companies in ten equal groups, from lowest to highest expected share.
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 8,594 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
Filed annual accounts As filed with the NBB · 2025 against 2024 · 39 lines
Balance sheet Code20242025
Assets
Total assets20/58€777,302€754,803▼
Fixed assets21/28€140,237€120,810▼
Tangible fixed assets22/27€136,424€116,997▼
Land and buildings22€136,424€116,997▼
Financial fixed assets28€3,813€3,813=
Current assets29/58€637,065€633,993▼
Amounts receivable within one year40/41€636,097€632,971▼
Trade receivables40€244,700€246,700▲
Other amounts receivable41€391,396€386,271▼
Cash at bank and in hand54/58-€165
Deferred charges and accrued income490/1€968€857▼
Equity and liabilities
Total equity and liabilities10/49€777,302€754,803▼
Equity10/15€467,591€434,047▼
Contributions10/11€587,000€587,000=
Reserves13€227,122€227,122=
Non-distributable reserves130/1€3,099€3,099=
Reserves not available under the articles1311€3,099€3,099=
Distributable reserves133€224,024€224,024=
Profit (loss) carried forward14-€346,531-€380,075▼
Amounts payable17/49€309,711€320,756▲
Amounts payable within one year42/48€309,711€320,756▲
Financial debts43€332-
Credit institutions430/8€332-
Trade debts44€94,665€213,542▲
Suppliers440/4€94,665€213,542▲
Other amounts payable47/48€214,714€107,214▼
Income statement Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€19,581€19,426▼
Other operating charges640/8€5,367€4,292▼
Gross operating margin9900€155,202-€10,036▼
Operating profit (loss)9901€130,254-€33,754▼
Financial charges65/66B€8,205-€210▼
Recurring financial charges65€8,205-€210▼
Profit (loss) for the period before taxes9903€122,048-€33,543▼
Profit (loss) for the period9904€122,048-€33,543▼
Profit (loss) for the period to be appropriated9905€122,048-€33,543▼
Appropriation of the result
Profit (loss) to be appropriated9906-€246,531-€380,075▼
Profit (loss) brought forward from the previous period14P-€368,580-€346,531▲
Profit to be distributed694/7€100,000-
Directors or managers695€100,000-

The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20212022202320242025Change
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€20,850€20,850€20,438€19,581€19,426▼ 0.8%
Provisions for liabilities and charges: additions (uses and reversals)635/8-€196,119-----
Other operating charges640/8€5,617€4,833€4,919€5,367€4,292▼ 20.0%
Gross operating margin9900€44,997€283€19,669€155,202-€10,036▼ 106%
Operating profit (loss)9901€214,648-€25,400-€5,687€130,254-€33,754▼ 126%
Financial charges65/66B€4,084€4,004€8,121€8,205-€210▼ 103%
Recurring financial charges65€4,084€4,004€8,121€8,205-€210▼ 103%
Profit (loss) for the period before taxes9903€210,564-€29,404-€13,808€122,048-€33,543▼ 127%
Income taxes67/77€11,332-----
Profit (loss) for the period9904€199,233-€29,404-€13,808€122,048-€33,543▼ 127%
Profit (loss) for the period to be appropriated9905€199,233-€29,404-€13,808€122,048-€33,543▼ 127%
Line20212022202320242025Change
Assets
Total assets20/58€767,619€728,609€711,782€777,302€754,803▼ 2.9%
Fixed assets21/28€501,105€480,255€459,818€140,237€120,810▼ 13.9%
Tangible fixed assets22/27€497,292€476,442€456,005€136,424€116,997▼ 14.2%
Land and buildings22€497,292€476,442€456,005€136,424€116,997▼ 14.2%
Financial fixed assets28€3,813€3,813€3,813€3,813€3,813=
Current assets29/58€266,514€248,354€251,964€637,065€633,993▼ 0.5%
Amounts receivable within one year40/41€262,614€245,700€250,376€636,097€632,971▼ 0.5%
Trade receivables40€262,509€245,700€250,376€244,700€246,700▲ 0.8%
Other amounts receivable41€104--€391,396€386,271▼ 1.3%
Cash at bank and in hand54/58€3,901€2,631€659-€165-
Deferred charges and accrued income490/1-€22€928€968€857▼ 11.5%
Equity and liabilities
Total equity and liabilities10/49€767,619€728,609€711,782€777,302€754,803▼ 2.9%
Equity10/15€488,754€459,351€445,543€467,591€434,047▼ 7.2%
Contributions10/11€587,000€587,000€587,000€587,000€587,000=
Reserves13€227,122€227,122€227,122€227,122€227,122=
Non-distributable reserves130/1€3,099€3,099€3,099€3,099€3,099=
Reserves not available under the articles1311€3,099€3,099€3,099€3,099€3,099=
Distributable reserves133€224,024€224,024€224,024€224,024€224,024=
Profit (loss) carried forward14-€325,368-€354,772-€368,580-€346,531-€380,075▼ 9.7%
Amounts payable17/49€278,865€269,259€266,239€309,711€320,756▲ 3.6%
Amounts payable after more than one year17€24,000€12,000----
Financial debts170/4€24,000€12,000----
Amounts payable within one year42/48€254,865€256,059€266,239€309,711€320,756▲ 3.6%
Current portion of amounts payable after more than one year42€12,000€12,000€12,000---
Financial debts43€150,000€150,000€150,000€332--
Credit institutions430/8€150,000€150,000€150,000€332--
Trade debts44€81,533€82,150€99,920€94,665€213,542▲ 126%
Suppliers440/4€81,533€82,150€99,920€94,665€213,542▲ 126%
Taxes, remuneration and social security45€11,332€11,908€320---
Taxes450/3€11,332€11,908€320---
Other amounts payable47/48--€4,000€214,714€107,214▼ 50.1%
Accrued charges and deferred income492/3-€1,200----
Line20212022202320242025Change
Profit (loss) for the period9904€199,233-€29,404-€13,808€122,048-€33,543▼ 127%
+ Depreciation and write-downs630€20,850€20,850€20,438€19,581€19,426▼ 0.8%
Operating cash flow (approximation)€220,082-€8,554€6,630€141,629-€14,117▼ 110%
Investment in fixed assets (approximation)-€0€0€300,000€0▼ 100%
Change in cash--€1,269-€1,972---

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

Next filing, fiscal year 2026, expected by 31-07-2027
2026
23-07
NBB filing Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial Weakest financial yearnet -€33,543
Net result drops to -€33,543, the lowest in the series.
25-07
NBB filing Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial Back to profitnet €122,048
Net result €122,048 after 2 loss-making years.
31-12
Financial Liquidity doublescurrent ratio 2.06
Current ratio from 0.95 to 2.06.
17-06
NBB filing Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
27-06
NBB filing Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
22-06
NBB filing Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial Highest result since 2018net €199,233 ▲98%
Operating result €214,648, net result €199,233, both a record.
21-06
NBB filing Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial Back to profitnet €100,615
Net result €100,615 after one loss-making year.
31-12
Financial Equity above €200,000Eq €289,522 ▲53.3%
Equity rises from €188,906 to €289,522.
Show earlier events
01-07
NBB filing Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
24-06
NBB filing Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
19-06
NBB filing Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
28-06
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.
0 of 3 acts read
About the unread acts

We know of 3 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.

Have them read with priority Sign in to place this company at the front of the reading queue.

Directors · office · real estate

Directors
3 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, Lo-Reninge · 1 establishment unit since 2006
seat establishment The establishment unit on the map
Ground area
269 m²
Building footprint
271 m²
Volume, LiDAR
1,415 m³
Parcel 32014C0689/00C000, Flanders · tallest building 9.8 m, ±2 floors. Linked by address, not a title deed.
4 companies at this address See who is registered here
1 establishment unit
Alvee
Turkeyen 1, 8647 Lo-ReningeNACE 51110
since 20062.224.093.697
1 parcel
Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
32014C0689/00C000 Flanders 269 m² 1 · 271 m² 9.8 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.

Structure & network

Owners and holdings

1 owner

Chain of control

  1. JAN PYSSON 98%
  2. ALVEE

Highest known parent: JAN PYSSON. The sources do not say who stands above it.

Owners 1

Holdings 0

No holding stated in the accounts, acts or LEI register we read.

According to the annual accounts of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.

Connections & network

No current directors or connected companies found in the register.

Similar companies · same sector, comparable size

Of 943 companies in sector 46231 we hold annual accounts for 421. 336 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector

Identification & contact

Identification
Legal formPrivate limited company (pre-2019)
Founded21-02-1986
Fiscal year end31-12
Activities, NACEBEL 2025
46231Wholesale of live animals
E-invoicing
Reachable via Peppol
Peppol ID 0208:0428577276
Also 9925:BE0428577276
Registered 12-01-2026

Register as of 27 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.