Equity
Equity fell by 43% in 17 years.
Equity fell by 43% in 17 years.
Turnover fell in 2025 from €90,307 to €17,632.
ALVIR pays its suppliers 41 days earlier than in 2024. Customers pay 50 days later.
Short-term debts fell from €30,172 to €19,332.
The 2018 accounts came 16 days late. The other nine of the last ten were filed on time.
Lower net result than 94% of companies in advertising and market research. Sector median €14,755 · 8,616 companies.
The dashed line is the sector median: 0.2% across 11,230 companies (NACE 73, micro).
About 6 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 73, micro). It does better than 70% of them on solvency, 63% on liquidity, 6% on profitability and 11% on growth.
The bankruptcy probability was computed on 09-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the low class on 30-06-2025, 0.8% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
In July 2024, 5,831 companies had the same profile as ALVIR has now. Each dot stands for 15 companies, two years later.
Another 0.4% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of ALVIR itself: 0.6% within 12 months.
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% | 0.9% |
| 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% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 5,831 companies, not a prediction for ALVIR. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Liquidity is tight, with a current ratio of 1.07 (1.51 in 2024), below the usual 1.5. Short-term debt is 27.6% and cash 25.1% of total assets. 27.6% of the assets are financed with debt and provisions.
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
The company filed its last 7 accounts on average 3 days before the deadline. In the sector (NACE 73), the median for financial year 2024 was 6 days before the deadline, and 36% of those companies filed late.
| Company | ||||
|---|---|---|---|---|
| ALVIR Woluwe-Saint-Pierre | €70,089 | -€3,569 | 72.4% | - |
| P.H.K. Ixelles | €63,527 | -€40,726 | 4.3% | - |
| TOUCH COMM De Haan | €78,446 | -€21,934 | 86.9% | - |
| LPM DEVELOPMENT BELGIUM Hasselt | €60,380 | -€8,304 | -542.1% | - |
| LECOYER Brussels | €92,043 | -€11,260 | 58.6% | - |
| GAMMA SYS Molenbeek-Saint-Jean | €59,878 | -€12,808 | 99.6% | - |
| ROUTE 99 D.M.B.E. Sint-Gillis (bij-Brussel) | €115,762 | -€1,480 | 75.8% | - |
These companies have the same main activity as ALVIR: market research and public opinion polling (NACE 73200). They are comparable in size and age: total assets between €59,900 and €116,000, founded between 1996 and 2000.
ALVIR has existed since 1998. Turnover fell from €30,000 in 2006 to €17,632 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
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