ALVERSAN
ActiveSummary
ALVERSAN has been active since 2010 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €57,388 and a net result of €1,018. Equity is growing by ~6.3% per year across the filed fiscal years. Its solvency ranks better than 64% of 36378 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 1.0% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability52▼-27
Solvency84▼-7
Growth52=
Track record100
Bankruptcy probability, 12 months
1.0%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €3,500 at 30 days acceptable
Liquidity ample (current ratio 2.43 against 2.94 in 2023; short-term debt: 40.9% and cash: 42.9% of total assets), and 40.9% 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
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
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← 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
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
59.1%
Return on assets
1%
Age of the figures
21 mo
neutral · A punctual record breaks
This company filed 9 consecutive financial years on time. The year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 29-08-2025, 29 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
not confirmed
2024
29 d late
2023
on the day
2022
23 d early
2021
23 d early
2020
33 d early
2019
21 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 12 days before the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% of the sector filed late.
Checked, nothing found (1)
History
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you trust this company with building work?Contractor check Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check What other support did companies like this one receive, and it did not?Public money
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Financials · fiscal year 2024, micro schema
Equity
€57,388▼ 21.1%
2023 · €72,770
Total assets
€97,063▼ 12.2%
2023 · €110,592
Net result
€1,018▼ 88.6%
2023 · €8,915
Working capital
€56,728▼ 20.2%
2023 · €71,080
Trend over the years
In euros
In per cent
Ratio
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result€22,660▼ 4.5%€4,824▼ 78.7%€21,150▲ 338%€13,332▼ 37.0%-€1,114
Net result€16,624within the sector's middle half▲ 1.1%€3,136within the sector's middle half▼ 81.1%€15,016within the sector's middle half▲ 379%€8,915within the sector's middle half▼ 40.6%€1,018within the sector's middle half▼ 88.6%
Equity€72,337within the sector's middle half▲ 29.8%€66,473within the sector's middle half▼ 8.1%€80,688within the sector's middle half▲ 21.4%€72,770within the sector's middle half▼ 9.8%€57,388within the sector's middle half▼ 21.1%
Total assets€87,910within the sector's middle half▼ 6.2%€86,335within the sector's middle half▼ 1.8%€93,897within the sector's middle half▲ 8.8%€110,592within the sector's middle half▲ 17.8%€97,063within the sector's middle half▼ 12.2%
Debt€15,573▼ 59.1%€19,862▲ 27.5%€13,209▼ 33.5%€37,822▲ 186%€39,674▲ 4.9%
Working capital€71,126within the sector's middle half▲ 45.1%€66,264within the sector's middle half▼ 6.8%€77,844within the sector's middle half▲ 17.5%€71,080within the sector's middle half▼ 8.7%€56,728within the sector's middle half▼ 20.2%
Solvency82.3%above the sector's middle half▲ 22.9pp77.0%above the sector's middle half▼ 5.3pp85.9%above the sector's middle half▲ 8.9pp65.8%within the sector's middle half▼ 20.1pp59.1%within the sector's middle half▼ 6.7pp
Current ratio5.57above the sector's middle half▲ 3.284.87above the sector's middle half▼ 0.707.28above the sector's middle half▲ 2.422.94within the sector's middle half▼ 4.342.43within the sector's middle half▼ 0.51
Return on assets (ROA)18.9%above the sector's middle half▲ 1.4pp3.6%within the sector's middle half▼ 15.3pp16.0%within the sector's middle half▲ 12.4pp8.1%within the sector's middle half▼ 7.9pp1.0%within the sector's middle half▼ 7.0pp
above
within
below
the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2024: a loss of €1,114 after €13,332 in 2023, the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €97,063
Fixed assets
€660 ▼ 77.3%
Current assets
€96,403 ▼ 10.5%
Equity and liabilities €97,063
Equity
€57,388 ▼ 21.1%
Debt
€39,674 ▲ 4.9%
Debt's share of the balance-sheet total rises from 34.2% to 40.9%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€1,138▼
2023 · €15,154
Cash flow
€3,270▼
2023 · €10,737
Quick ratio
2.11▼
2023 · 2.62
Debt to equity
0.69▲
2023 · 0.52
ROE
1.8%▼
2023 · 12.3%
Interest coverage
3.80▼
2023 · 88.52
Debt ≤ 1 year
€39,674▲
2023 · €36,600
Income taxes
€581▼
2023 · €4,270
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 10,905 companies that looked in July 2024 the way this one looks now, 0.7% went bankrupt within 24 months and 95% are still going.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a profit under 5% of the balance sheet
0.7%
went bankrupt
4.0%
stopped otherwise
95%
still going
For this company itself Checked computes a higher bankruptcy probability: 1.0% 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 497,340 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
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 10,905 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 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | €411 | €495 | €3,000 | ▲ 506% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €6,558 | €739 | €1,967 | €1,822 | €2,252 | ▲ 23.6% |
| Other operating charges640/8 | - | €1,100 | €1,078 | €1,539 | €777 | ▼ 49.5% |
| Gross operating margin9900 | €30,169 | €6,662 | €24,196 | €16,693 | €1,915 | ▼ 88.5% |
| Operating profit (loss)9901 | €22,660 | €4,824 | €21,150 | €13,332 | -€1,114 | ▼ 108% |
| Financial income75/76B | - | €1 | €80 | €24 | €3,012 | ▲ 12,292% |
| Recurring financial income75 | €2 | €1 | €80 | €24 | €12 | ▼ 49.0% |
| Non-recurring financial income76B | - | - | - | - | €3,000 | - |
| Financial charges65/66B | - | €201 | €298 | €171 | €300 | ▲ 75.1% |
| Recurring financial charges65 | €159 | €201 | €298 | €171 | €300 | ▲ 75.1% |
| Profit (loss) for the period before taxes9903 | €22,504 | €4,624 | €20,932 | €13,185 | €1,598 | ▼ 87.9% |
| Income taxes67/77 | €5,880 | €1,489 | €5,917 | €4,270 | €581 | ▼ 86.4% |
| Profit (loss) for the period9904 | €16,624 | €3,136 | €15,016 | €8,915 | €1,018 | ▼ 88.6% |
| Profit (loss) for the period to be appropriated9905 | €16,624 | €3,136 | €15,016 | €8,915 | €1,018 | ▼ 88.6% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €87,910 | €86,335 | €93,897 | €110,592 | €97,063 | ▼ 12.2% |
| Fixed assets21/28 | €1,211 | €2,927 | €3,665 | €2,912 | €660 | ▼ 77.3% |
| Tangible fixed assets22/27 | €1,211 | €2,927 | €3,665 | €2,912 | €660 | ▼ 77.3% |
| Plant, machinery and equipment23 | - | €1,865 | €2,983 | €1,530 | €153 | ▼ 90.0% |
| Furniture and vehicles24 | - | €1,024 | €682 | €1,382 | €507 | ▼ 63.3% |
| Other tangible fixed assets26 | - | €38 | - | - | - | - |
| Current assets29/58 | €86,699 | €83,408 | €90,232 | €107,680 | €96,403 | ▼ 10.5% |
| Stocks and contracts in progress3 | €5,883 | €9,459 | €6,082 | €11,658 | €12,726 | ▲ 9.2% |
| Stocks30/36 | - | €6,082 | €6,082 | €6,082 | €7,426 | ▲ 22.1% |
| Contracts in progress37 | - | €3,377 | - | €5,576 | €5,300 | ▼ 4.9% |
| Amounts receivable within one year40/41 | €23,427 | €12,085 | €24,675 | €23,737 | €28,531 | ▲ 20.2% |
| Trade receivables40 | - | €5,289 | €11,335 | €9,648 | €18,935 | ▲ 96.3% |
| Other amounts receivable41 | - | €6,796 | €13,340 | €14,089 | €9,596 | ▼ 31.9% |
| Cash at bank and in hand54/58 | €56,875 | €60,502 | €58,813 | €71,689 | €41,604 | ▼ 42.0% |
| Deferred charges and accrued income490/1 | - | €1,362 | €661 | €596 | €13,542 | ▲ 2,174% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €87,910 | €86,335 | €93,897 | €110,592 | €97,063 | ▼ 12.2% |
| Equity10/15 | €72,337 | €66,473 | €80,688 | €72,770 | €57,388 | ▼ 21.1% |
| Contributions10/11 | - | €12,400 | €12,400 | €12,400 | €12,400 | = |
| Reserves13 | €59,937 | €54,073 | €68,288 | €60,370 | €44,659 | ▼ 26.0% |
| Non-distributable reserves130/1 | - | €1,860 | - | - | - | - |
| Reserves not available under the articles1311 | - | €1,860 | - | - | - | - |
| Distributable reserves133 | - | €52,213 | €68,288 | €60,370 | €44,659 | ▼ 26.0% |
| Profit (loss) carried forward14 | €7 | - | - | - | €329 | - |
| Amounts payable17/49 | €15,573 | €19,862 | €13,209 | €37,822 | €39,674 | ▲ 4.9% |
| Amounts payable within one year42/48 | €15,573 | €17,144 | €12,387 | €36,600 | €39,674 | ▲ 8.4% |
| Trade debts44 | €5,817 | €3,493 | €8,387 | €14,808 | €21,468 | ▲ 45.0% |
| Suppliers440/4 | - | €3,493 | €8,387 | €14,808 | €21,468 | ▲ 45.0% |
| Advances received on contracts in progress46 | - | - | €3,200 | €3,200 | - | - |
| Taxes, remuneration and social security45 | - | €1,880 | - | - | - | - |
| Taxes450/3 | - | €1,880 | - | - | - | - |
| Other amounts payable47/48 | - | €11,771 | €800 | €18,593 | €18,206 | ▼ 2.1% |
| Accrued charges and deferred income492/3 | - | €2,718 | €821 | €1,221 | - | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €16,624 | €3,136 | €15,016 | €8,915 | €1,018 | ▼ 88.6% |
| + Depreciation and write-downs630 | €6,558 | €739 | €1,967 | €1,822 | €2,252 | ▲ 23.6% |
| Operating cash flow (approximation) | €23,182 | €3,874 | €16,983 | €10,737 | €3,270 | ▼ 69.5% |
| Investment in fixed assets (approximation) | - | -€2,455 | -€2,706 | -€1,069 | €0 | ▲ 100% |
| Change in cash | - | €3,627 | -€1,689 | €12,877 | -€30,086 | ▼ 334% |
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
2025
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 29 days late
2024
31-12
Financial
Weakest financial yearnet €1,018 ▼88.6%
Net result drops to €1,018, the lowest in the series.
31-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
08-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
08-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
28-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Liquidity doublescurrent ratio 5.57
Current ratio from 2.29 to 5.57; short-term debt falls from €38,034 to €15,573.
10-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
28-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
02-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
06-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
2016
01-07
NBB filing
Annual accounts filed
fiscal year 2015 · 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.
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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, Edegem · 1 establishment unit since 2010
Ground area
625 m²
Building footprint
192 m²
Volume, LiDAR
827 m³
Parcel 11472C0120/00H000, Flanders · tallest building 6.6 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
Alversan
since 20102.187.042.469
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11472C0120/00H000 | Flanders | 625 m² | 1 · 192 m² | 6.6 m · 1 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.
Public money · subsidies and aid
Flemish government
2024 · 1 entry · 307 EUR awarded · 237 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2024 | 1 | 307 EUR | 237 EUR |
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Of 9,537 companies in sector 43222 we hold annual accounts for 5,668. 4,663 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
Founded24-03-2010
Fiscal year end31-12
Activities, NACEBEL 2025
43222Installation of electric heating, air conditioning, cooling and ventilation
E-invoicing
Reachable via Peppol
Peppol ID
0208:0824361032
Also
9925:BE0824361032
Registered
03-02-2026
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 30 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.