ALVOFIN · Checked.be

Summary

Conclusion

the dossier summarised in one paragraph

ALVOFIN is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €121k and a net result of €57k. Equity is growing by ~80.1% per year across the filed fiscal years. Its solvency ranks better than 92% of 1216 sector peers (fiscal year 2025). The company has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals.

Based on the State Gazette, CBE and 3 annual accounts.

Signals

3 signals · with evidence

Strong solvency vs sector

Solvency is in the sector's strongest quartile: better than 92% of 1216 peers (2025). A comfortable equity buffer.

View the sector comparison

Consistently profitable

Positive net result in the two most recent financial years (2024 and 2025).

View the result trend

Growing equity

Equity grew over 2023-2025. Profits are largely retained rather than distributed.

View the equity trend

Signals are derived from the filed annual accounts and the sector comparison. No composite score: each signal is separately verifiable at the source.

Filing behaviour

From the deposit records, complete market-wide

Latest accounts filed on time

The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 19-12-2025, 43 days ahead of the deadline. This speaks to administrative punctuality and says nothing about the financial position.

The next deadline is still running

The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.

How we compute the deadline

The year end is derived from 3 filed financial years, each closing on 30-06. The statutory deadline is seven months after the close of the financial year (art. 3:10 par. 1 CAC, art. 3:47 par. 7 for ASBL and foundations). Applied to the financial year that closed on 30-06-2025, that is 31-01-2026.

Deadline per financial year

Year closed	Due by	Filed	Variance	Reference
30-06-2025	31-01-2026	19-12-2025	43 d early	2025-00586734
30-06-2024	31-01-2025	02-01-2025	29 d early	2025-00629493
30-06-2023	31-01-2024	12-01-2024	19 d early	2024-00001831

Source: the National Bank's deposit records. Those records are complete, including for years whose figures we have not read yet. Filing late covers nearly half the market and is therefore not scored; only not filing, being more than 90 days late and breaking a punctual record carry weight.

Trust signals

2 signals

More than 3 years active

Founded in 2022, past the statistically most fragile first 3 years.

No legal incidents

No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.

Administrative Flags

No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

Bankruptcy probability (12 mo)

Checked model v1 · free for everyone

This is a financial institution (bank, insurer or financial holding). Our bankruptcy model is trained on ordinary trading and manufacturing companies; a bank balance sheet falls outside that scope. We therefore show no bankruptcy probability rather than a misleading figure.

Financials

Equity€121k+88.1%

Net result€57k+22.0%

Total assets€135k+53.6%

Solvency89.8%+16.4pp

CSV export

Annual accounts & ratios

Source: NBB · 2025

Annual accounts filed on 19-12-2025 with the NBB · fiscal year 2025 · micro

Operating resultNet result

Trajectory (indicative)

Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.

growing Equity: growth of ~80.1%/year over 3 fiscal years, indicative, assuming unchanged policy.

Solid line = filed figures · dashed = extended trend · area = indicative range.

How do we compute this?

The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.

The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.

A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).

Sector comparison

Fiscal year 2025 · NACE 64, Financial services · compared within the same schema type (micro schema)

Metric	This company	Sector median	Position in the sector
Solvency	89.8%	47.1%	better than 92% of 1216 sector peers
Net result	€57k	€43k	better than 58% of 1215 sector peers
Equity	€121k	€85k	better than 61% of 1216 sector peers
Gross operating margin	€72k	€70k	better than 51% of 1212 sector peers
Staff costs	€0	€7k	higher than 8% of 86 sector peers

Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.

Sector position over time

Percentile per fiscal year versus peers that filed figures, computed year by year (a year without enough peers is absent).

Solvency P92

Improving position over 2023-2025 · n=1216-3146

Net result P58

Improving position over 2023-2025 · n=1215-3142

Equity P61

Improving position over 2023-2025 · n=1216-3147

Gross operating margin P51

Improving position over 2023-2025 · n=1212-3139

Describes the position versus peers, not a forecast.

Net profit

€57k

+22.0% 23-25

Total assets

€135k

+53.6% 23-25

Equity

€121k

+88.1% 23-25

Staff costs

€0

-100.0% 23-25

Income taxes

€11k

-33.6% 23-25

Debt

€14k

-41.2% 23-25

Debt ≤ 1y

€14k

-41.2% 23-25

Solvency

89.8%

+22.4% 23-25

Show 2 other metrics

ROE

46.8%

-35.1% 23-25

ROA

42.1%

-20.6% 23-25

Figures by fiscal year

Highlight YoY changes (±10%)

Fiscal year	2025
Deposit	micro
Revenue	n/a
EBITDA	n/a
Net profit	€57k
Cash flow	n/a
Staff costs	€0
Income taxes	€11k
Dividends	-
Total assets	€135k
Equity	€121k
Debt	€14k
of which ≤ 1y	€14k
of which > 1y	-
Working capital	n/a
Employees (FTE)	-

Ratios (computed)

	2025
Current ratio	n/a
Quick ratio	n/a
Working capital ratio	n/a
Solvency	89.8%
Debt / equity	n/a
Long-term debt ratio	n/a
Interest coverage	n/a
Gross margin	n/a
Net margin	n/a
ROA	42.1%
ROE	46.8%
EBITDA margin	n/a
Days sales outstanding	n/a
Days payable outstanding	n/a
Inventory turnover	n/a
Days inventory (DSI)	n/a

Balance-sheet composition 2025

Assets

Fixed assets €11k · 8.3% Current assets €124k · 91.7%

Equity & liabilities

Equity €121k · 89.8% Debt €14k · 10.2%

Full annual accounts (21 line items)

Filed balance sheet and income statement, exactly as deposited with the NBB.

Line item	Code	2025
Balance sheet, Assets
TOTAL ASSETS	20/58	€135k
Fixed assets	21/28	€11k
Tangible fixed assets	22/27	€11k
Current assets	29/58	€124k
Amounts receivable within one year	40/41	€8k
Cash & bank	54/58	€109k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES	10/49	€135k
Equity	10/15	€121k
Contributions / capital	10/11	€2k
Reserves	13	€119k
Amounts payable	17/49	€14k
Amounts payable within one year	42/48	€14k
Trade debts payable within one year	44	€3k
Income statement
Gross operating margin	9900	€72k
Operating result	9901	€68k
Financial income	75	€50
Financial charges	65	€141
Result before taxes	9903	€68k
Income taxes	67/77	€11k
Net result for the period	9904	€57k
Result to be appropriated	9905	€57k

This table shows the latest fiscal year. 2 prior years, with figures and ratios, belong to a paid plan. See plans →

Ratios computed by Checked.

Health barometer

FY 2025 · computed

Model not applicable to financial institutions

The health score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here.

Structure & network

Locations & real estate

Registered office

from the Crossroads Bank

Cannot be placed on the map

This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.

Schaliënstraat 202000 Antwerpen

Establishment units

1 location

Schaliënstraat 20, 2000 Antwerpen

Borgstelling en waarborg

since 20222.339.871.711

Physical sites registered in the Crossroads Bank for Enterprises (CBE).

Parcels1

Ground area838 m²

Buildings1

Building footprint206 m²

Volume (LiDAR)1,458 m³

Tallest building19.3 m · ±2 fl.

Real-estate footprint

Source: CBE × cadastre · address linking

Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.

Flanders 1 (100%)