alvesan
Inactivealvesan was declared bankrupt on 14-06-2022 (Ondernemingsrechtbank Antwerpen, afdeling Antwerpen); the bankruptcy was closed by liquidation by judgment of 28-11-2023, published in the Belgian State Gazette on 06-12-2023.
Summary
Inactive; last annual accounts for fiscal year 2017.
Signals
Three signals. The signal on the left, the evidence on the right.
○neutral
neutral · No filing for years
The last filed financial year closed on 31-12-2017. Since then, 8 financial years are missing. This points to a standstill, not an imminent failure.
NBB · 10 filingsPosition against the passed deadline
31-12-2018 close31-07-2019 deadline29-09-2026 today
neutral · Filed after the deadline
The financial year that closed on 31-12-2017 was due by 31-07-2018 and was filed on 08-08-2018, 8 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
not confirmed
2024
not filed
2023
not filed
2022
not filed
2021
not filed
2020
not filed
2019
not filed
← before the deadline
after the deadline →
tick = median of all Belgian filings
The Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
Checked, nothing found (1)
History
Financials · fiscal year 2017, micro schema
Equity
€151,735=
2016 · €151,712
Total assets
€210,057▼ 0.3%
2016 · €210,790
Net result
€23
2016 · -€14,743
Working capital
€161,821▲ 4.4%
2016 · €154,941
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
Line20132014201520162017
Operating result€7,821-€20,366▲ 160%€13,186▼ 35.3%€15,373▲ 16.6%€7,661▼ 50.2%
Net result€284-€14,481▲ 5,007%€29▼ 99.8%-€14,743€23
Equity€151,945-€166,426▲ 9.5%€166,455=€151,712▼ 8.9%€151,735=
Total assets€195,799-€211,732▲ 8.1%€218,640▲ 3.3%€210,790▼ 3.6%€210,057▼ 0.3%
Debt€43,854-€45,306▲ 3.3%€52,185▲ 15.2%€59,078▲ 13.2%€58,322▼ 1.3%
Working capital€155,788-€173,778▲ 11.5%€167,221▼ 3.8%€154,941▼ 7.3%€161,821▲ 4.4%
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 falls in 2017; 2017 is 50% below 2016 and is the lowest result in the available series.
Balance-sheet composition
2017 in colour, 2016 as the grey bar beneath
Assets €210,057
Fixed assets
€5,085 ▼ 35.4%
Current assets
€204,972 ▲ 1.0%
Equity and liabilities €210,057
Equity
€151,735 =
Debt
€58,322 ▼ 1.3%
Debt's share of the balance-sheet total falls from 28.0% to 27.8%. Debt is lower.
Key figures and ratios
EBITDA
€10,453▼
2016 · €19,054
Cash flow
€2,815▲
2016 · -€11,062
Current ratio
4.75▲
2016 · 4.23
Quick ratio
4.43▲
2016 · 3.95
ROE
0.0%▲
2016 · -9.7%
ROA
0.0%▲
2016 · -7.0%
Debt ≤ 1 year
€43,151▼
2016 · €47,973
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2013 | 2014 | 2015 | 2016 | 2017 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €5,739 | €2,051 | €4,166 | €3,681 | €2,791 | ▼ 24.2% |
| Gross operating margin9900 | €14,625 | €23,024 | €17,544 | €19,858 | €10,817 | ▼ 45.5% |
| Operating profit (loss)9901 | €7,821 | €20,366 | €13,186 | €15,373 | €7,661 | ▼ 50.2% |
| Recurring financial income75 | €15 | €15 | €74 | €52 | €47 | ▼ 10.3% |
| Recurring financial charges65 | €7,403 | €1,299 | €13,230 | €625 | €2,398 | ▲ 284% |
| Profit (loss) for the period before taxes9903 | €433 | €19,081 | €29 | -€14,743 | €23 | ▲ 100% |
| Income taxes67/77 | €150 | €4,600 | - | - | - | - |
| Profit (loss) for the period9904 | €284 | €14,481 | €29 | -€14,743 | €23 | ▲ 100% |
| Profit (loss) for the period to be appropriated9905 | €284 | €14,481 | €29 | -€14,743 | €23 | ▲ 100% |
| Line | 2013 | 2014 | 2015 | 2016 | 2017 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €195,799 | €211,732 | €218,640 | €210,790 | €210,057 | ▼ 0.3% |
| Fixed assets21/28 | €5,298 | €3,248 | €11,082 | €7,876 | €5,085 | ▼ 35.4% |
| Tangible fixed assets22/27 | €5,298 | €3,248 | €11,082 | €7,876 | €5,085 | ▼ 35.4% |
| Current assets29/58 | €190,501 | €208,484 | €207,558 | €202,914 | €204,972 | ▲ 1.0% |
| Stocks and contracts in progress3 | €12,963 | €14,562 | €14,052 | €13,512 | €13,813 | ▲ 2.2% |
| Amounts receivable within one year40/41 | €164,202 | €191,410 | €188,070 | €182,233 | €189,067 | ▲ 3.8% |
| Cash at bank and in hand54/58 | €13,336 | €2,512 | €5,435 | €7,169 | €2,092 | ▼ 70.8% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €195,799 | €211,732 | €218,640 | €210,790 | €210,057 | ▼ 0.3% |
| Equity10/15 | €151,945 | €166,426 | €166,455 | €151,712 | €151,735 | = |
| Contributions10/11 | €18,592 | €18,592 | €18,592 | €18,592 | €18,592 | = |
| Reserves13 | €7,104 | €7,104 | €7,104 | €7,104 | €7,104 | = |
| Profit (loss) carried forward14 | €126,249 | €140,730 | €140,759 | €126,017 | €126,040 | = |
| Amounts payable17/49 | €43,854 | €45,306 | €52,185 | €59,078 | €58,322 | ▼ 1.3% |
| Amounts payable after more than one year17 | - | - | €7,778 | €3,770 | - | - |
| Amounts payable within one year42/48 | €34,713 | €34,706 | €40,336 | €47,973 | €43,151 | ▼ 10.1% |
| Trade debts44 | €30,716 | €25,960 | €21,825 | €11,661 | €14,560 | ▲ 24.9% |
| Line | 2013 | 2014 | 2015 | 2016 | 2017 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €284 | €14,481 | €29 | -€14,743 | €23 | ▲ 100% |
| + Depreciation and write-downs630 | €5,739 | €2,051 | €4,166 | €3,681 | €2,791 | ▼ 24.2% |
| Operating cash flow (approximation) | €6,022 | €16,531 | €4,195 | -€11,062 | €2,815 | ▲ 125% |
| Investment in fixed assets (approximation) | - | €0 | -€12,000 | -€475 | €0 | ▲ 100% |
| Change in cash | - | -€10,824 | €2,923 | €1,733 | -€5,076 | ▼ 393% |
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
2023
06-12
Bankruptcy
Bankruptcy closure (by liquidation)
Ondernemingsrechtbank Antwerpen, afdeling Antwerpen · event 28-11-2023
2022
30-06
Bankruptcy
Opening
Ondernemingsrechtbank Antwerpen, afdeling Antwerpen · event 14-06-2022
25-04
Bankruptcy
Judicial dissolution, liquidator appointed
Ondernemingsrechtbank Antwerpen, afdeling Antwerpen · event 19-04-2022
2018
08-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 8 days late
2017
31-12
Financial
Back to profitnet €23
Net result €23 after one loss-making year.
16-11
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 108 days late
2016
31-12
Financial
Weakest financial yearnet -€14,743
Net result drops to -€14,743, the lowest in the series.
10-11
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 102 days late
2015
31-08
NBB filing
Annual accounts filed
fiscal year 2014 · abbreviated schema · 31 days late
2014
31-12
Financial
Highest result since 2013net €14,481 ▲5,007%
Operating result €20,366, net result €14,481, both a record.
30-09
NBB filing
Annual accounts filed
fiscal year 2013 · abbreviated schema · 61 days late
2013
30-09
NBB filing
Annual accounts filed
fiscal year 2012 · abbreviated schema · 61 days late
Show earlier events
2012
30-10
NBB filing
Annual accounts filed
fiscal year 2011 · abbreviated schema · 91 days late
2011
30-11
NBB filing
Annual accounts filed
fiscal year 2010 · abbreviated schema · 122 days late
2010
31-08
NBB filing
Annual accounts filed
fiscal year 2009 · abbreviated schema · 31 days late
2009
16-09
NBB filing
Annual accounts filed
fiscal year 2008 · abbreviated schema · 47 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
Location & real-estate footprint
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | PIETER MATTHEESSENS LANGE LOZANASTRAAT 24,
2018 ANTWERPEN 1 |
14-06-2022 → 28-11-2023 |