ALVOLAS
ActiveSummary
ALVOLAS has been active since 2003 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €199,654 and a net result of €19,068. Equity is growing by ~9.3% per year across the filed fiscal years. Its solvency ranks better than 89% of 1918 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability79▼-7
Solvency100=
Growth78=
Track record100
Bankruptcy probability, 12 months
0.5%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €16,000 at 30 days acceptable
Liquidity ample (current ratio 8.61 against 5.52 in 2024; short-term debt: 9.4% and cash: 22% of total assets), and 12.9% 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 25
Relative position
BE, all sectors
reference
Manufacture of fabricated metal products, except machinery and equipment (NACE 25)
about 50% 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
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
87.1%
Return on assets
8.3%
Age of the figures
9 mo
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 15-06-2026, 46 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
46 d early
2024
57 d early
2023
119 d early
2022
12 d early
2021
12 d early
2020
1 d early
2019
on the day
← 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 35 days before the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 35% 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. Usually files around 15 June (4 of the last 5 filed years within 34 days of that day).
Companies Code · seven monthsPosition in the running window
29-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€199,654▲ 4.8%
2024 · €190,586
Total assets
€229,166▼ 3.4%
2024 · €237,196
Net result
€19,068▼ 41.4%
2024 · €32,563
Working capital
€163,451▲ 8.4%
2024 · €150,817
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 25, Manufacture of fabricated metal products, except machinery and equipment, 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€28,248▲ 150%€44,897▲ 58.9%€58,714▲ 30.8%€51,529▼ 12.2%€31,622▼ 38.6%
Net result€20,874within the sector's middle half▲ 119%€30,828within the sector's middle half▲ 47.7%€41,300above the sector's middle half▲ 34.0%€32,563within the sector's middle half▼ 21.2%€19,068within the sector's middle half▼ 41.4%
Equity€120,249within the sector's middle half▲ 14.5%€125,629within the sector's middle half▲ 4.5%€165,328within the sector's middle half▲ 31.6%€190,586above the sector's middle half▲ 15.3%€199,654above the sector's middle half▲ 4.8%
Total assets€150,199within the sector's middle half▼ 3.0%€187,768within the sector's middle half▲ 25.0%€253,648within the sector's middle half▲ 35.1%€237,196within the sector's middle half▼ 6.5%€229,166within the sector's middle half▼ 3.4%
Debt€29,950▼ 39.9%€62,139▲ 107%€88,320▲ 42.1%€46,610▼ 47.2%€29,512▼ 36.7%
Working capital€102,627within the sector's middle half▲ 23.5%€112,762above the sector's middle half▲ 9.9%€129,402above the sector's middle half▲ 14.8%€150,817above the sector's middle half▲ 16.5%€163,451above the sector's middle half▲ 8.4%
Solvency80.1%above the sector's middle half▲ 12.2pp66.9%within the sector's middle half▼ 13.2pp65.2%within the sector's middle half▼ 1.7pp80.3%above the sector's middle half▲ 15.2pp87.1%above the sector's middle half▲ 6.8pp
Current ratio4.43above the sector's middle half▲ 1.762.81within the sector's middle half▼ 1.612.83within the sector's middle half▲ 0.025.52above the sector's middle half▲ 2.698.61above the sector's middle half▲ 3.09
Return on assets (ROA)13.9%within the sector's middle half▲ 7.7pp16.4%above the sector's middle half▲ 2.5pp16.3%above the sector's middle half▼ 0.1pp13.7%within the sector's middle half▼ 2.6pp8.3%within the sector's middle half▼ 5.4pp
Staff (FTE)
above
within
below
the middle half (P25 to P75) of NACE 25, Manufacture of fabricated metal products, except machinery and equipment, 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 has fallen two years in a row; 2025 is 39% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €229,166
Fixed assets
€44,236 ▼ 16.6%
Current assets
€184,930 ▲ 0.4%
Equity and liabilities €229,166
Equity
€199,654 ▲ 4.8%
Debt
€29,512 ▼ 36.7%
Debt's share of the balance-sheet total falls from 19.7% to 12.9%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€49,229▼
2024 · €66,604
Cash flow
€36,674▼
2024 · €47,638
Quick ratio
8.21▲
2024 · 4.97
Debt to equity
0.15▼
2024 · 0.24
ROE
9.6%▼
2024 · 17.1%
Interest coverage
40.60▼
2024 · 40.74
Debt ≤ 1 year
€21,479▼
2024 · €33,348
Debt > 1 year
€7,594▼
2024 · €12,704
Income taxes
€11,433▼
2024 · €17,558
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 31,370 companies that looked in July 2024 the way this one looks now, 0.5% went bankrupt within 24 months and 93% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.5%
went bankrupt
5.9%
stopped otherwise
93%
still going
A further 0.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.5% 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 497,338 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% | 1.9% |
| 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 31,370 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 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €8,302 | €6,684 | €10,943 | €15,075 | €17,607 | ▲ 16.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | -€660 | €826 | €0 | - | - | - |
| Other operating charges640/8 | €2,319 | €4,200 | €3,767 | €2,741 | €2,566 | ▼ 6.4% |
| Gross operating margin9900 | €38,209 | €56,607 | €73,424 | €69,346 | €51,795 | ▼ 25.3% |
| Operating profit (loss)9901 | €28,248 | €44,897 | €58,714 | €51,529 | €31,622 | ▼ 38.6% |
| Financial income75/76B | €38 | €239 | €272 | €226 | €91 | ▼ 59.7% |
| Recurring financial income75 | €38 | €239 | €272 | €226 | €91 | ▼ 59.7% |
| Financial charges65/66B | €190 | €275 | €953 | €1,635 | €1,213 | ▼ 25.8% |
| Recurring financial charges65 | €190 | €275 | €953 | €1,635 | €1,213 | ▼ 25.8% |
| Profit (loss) for the period before taxes9903 | €28,096 | €44,861 | €58,032 | €50,120 | €30,501 | ▼ 39.1% |
| Income taxes67/77 | €7,222 | €14,033 | €16,733 | €17,558 | €11,433 | ▼ 34.9% |
| Profit (loss) for the period9904 | €20,874 | €30,828 | €41,300 | €32,563 | €19,068 | ▼ 41.4% |
| Profit (loss) for the period to be appropriated9905 | €20,874 | €30,828 | €41,300 | €32,563 | €19,068 | ▼ 41.4% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €150,199 | €187,768 | €253,648 | €237,196 | €229,166 | ▼ 3.4% |
| Fixed assets21/28 | €17,622 | €12,866 | €53,542 | €53,032 | €44,236 | ▼ 16.6% |
| Tangible fixed assets22/27 | €17,622 | €12,866 | €53,542 | €53,032 | €44,236 | ▼ 16.6% |
| Plant, machinery and equipment23 | €9,249 | €6,671 | €5,915 | €4,866 | €2,583 | ▼ 46.9% |
| Furniture and vehicles24 | €3,895 | €2,377 | €46,142 | €35,263 | €27,537 | ▼ 21.9% |
| Other tangible fixed assets26 | €4,478 | €3,817 | €1,485 | €12,903 | €14,116 | ▲ 9.4% |
| Current assets29/58 | €132,577 | €174,902 | €200,106 | €184,165 | €184,930 | ▲ 0.4% |
| Stocks and contracts in progress3 | €37,126 | €36,267 | €33,248 | €18,334 | €8,648 | ▼ 52.8% |
| Stocks30/36 | €37,126 | €36,267 | €33,248 | €18,334 | €8,648 | ▼ 52.8% |
| Amounts receivable within one year40/41 | €56,780 | €48,853 | €66,456 | €64,139 | €71,931 | ▲ 12.1% |
| Trade receivables40 | €53,777 | €48,714 | €63,189 | €57,363 | €65,695 | ▲ 14.5% |
| Other amounts receivable41 | €3,002 | €139 | €3,267 | €6,776 | €6,236 | ▼ 8.0% |
| Current investments50/53 | - | - | - | - | €50,000 | - |
| Cash at bank and in hand54/58 | €35,709 | €86,553 | €97,653 | €98,081 | €50,451 | ▼ 48.6% |
| Deferred charges and accrued income490/1 | €2,961 | €3,229 | €2,750 | €3,610 | €3,900 | ▲ 8.0% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €150,199 | €187,768 | €253,648 | €237,196 | €229,166 | ▼ 3.4% |
| Equity10/15 | €120,249 | €125,629 | €165,328 | €190,586 | €199,654 | ▲ 4.8% |
| Contributions10/11 | €20,000 | €20,000 | €20,000 | €20,000 | €20,000 | = |
| Reserves13 | €100,249 | €105,629 | €145,328 | €170,586 | €179,654 | ▲ 5.3% |
| Non-distributable reserves130/1 | €2,000 | €2,000 | €2,000 | €0 | - | - |
| Reserves not available under the articles1311 | €2,000 | €2,000 | €2,000 | €0 | - | - |
| Distributable reserves133 | €98,249 | €103,629 | €143,328 | €170,586 | €179,654 | ▲ 5.3% |
| Profit (loss) carried forward14 | - | €0 | €0 | €0 | €0 | - |
| Amounts payable17/49 | €29,950 | €62,139 | €88,320 | €46,610 | €29,512 | ▼ 36.7% |
| Amounts payable after more than one year17 | - | - | €17,615 | €12,704 | €7,594 | ▼ 40.2% |
| Financial debts170/4 | - | - | €17,615 | €12,704 | €7,594 | ▼ 40.2% |
| Amounts payable within one year42/48 | €29,950 | €62,139 | €70,705 | €33,348 | €21,479 | ▼ 35.6% |
| Current portion of amounts payable after more than one year42 | - | - | €4,719 | €4,912 | €5,110 | ▲ 4.0% |
| Trade debts44 | €9,574 | €10,051 | €15,433 | €10,103 | €903 | ▼ 91.1% |
| Suppliers440/4 | €9,574 | €10,051 | €15,433 | €10,103 | €903 | ▼ 91.1% |
| Advances received on contracts in progress46 | €962 | €962 | €962 | €962 | €0 | ▼ 100% |
| Taxes, remuneration and social security45 | €8,594 | €7,213 | €2,697 | €825 | €714 | ▼ 13.5% |
| Taxes450/3 | €7,094 | €5,713 | €117 | €825 | €714 | ▼ 13.5% |
| Remuneration and social security454/9 | €1,500 | €1,500 | €2,580 | €0 | - | - |
| Other amounts payable47/48 | €10,821 | €43,913 | €46,893 | €16,547 | €14,752 | ▼ 10.8% |
| Accrued charges and deferred income492/3 | - | - | - | €559 | €440 | ▼ 21.3% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €20,874 | €30,828 | €41,300 | €32,563 | €19,068 | ▼ 41.4% |
| + Depreciation and write-downs630 | €8,302 | €6,684 | €10,943 | €15,075 | €17,607 | ▲ 16.8% |
| Operating cash flow (approximation) | €29,176 | €37,512 | €52,243 | €47,638 | €36,674 | ▼ 23.0% |
| Investment in fixed assets (approximation) | - | -€1,928 | -€51,618 | -€14,565 | -€8,811 | ▲ 39.5% |
| Change in cash | - | €50,844 | €11,100 | €429 | -€47,630 | ▼ 11,209% |
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
Next filing, fiscal year 2026, expected by
2026
15-06
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
04-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
03-04
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Highest result since 2018net €41,300 ▲34%
Operating result €58,714, net result €41,300, both a record.
31-12
Financial
Equity above €150,000Eq €165,328 ▲31.6%
6 profitable years in a row build equity to €165,328.
19-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
19-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
30-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Weakest financial yearnet €138 ▼97.6%
Net result drops to €138, the lowest in the series; recovery starts the following year.
31-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
27-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 27 days late
2017
25-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts
We know of 5 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
5 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, Oostende · 1 establishment unit since 2003
Ground area
732 m²
Building footprint
112 m²
Volume, LiDAR
562 m³
Parcel 35020B0054/00K000, Flanders · tallest building 8.7 m, ±2 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
Pain'tastique
since 20032.126.648.883
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 35020B0054/00K000 | Flanders | 732 m² | 1 · 112 m² | 8.7 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.
Public money · subsidies and aid
Flemish government
2025 · 1 entry · 3,750 EUR awarded · 3,750 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 3,750 EUR | 3,750 EUR |
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Of 3,982 companies in sector 25110 we hold annual accounts for 2,144. 1,662 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
Founded24-03-2003
Fiscal year end31-12
Activities, NACEBEL 2025
25110Manufacture of metal structures and parts of structures
46810Wholesale of solid, liquid and gaseous fuels and related products
25401Forging of metal
25402Manufacture of fabricated metal products, except machinery and equipment
25510Coating of metals
55203Holiday cottages, homes and apartments
56112Limited-service restaurants, excluding mobile food services
68201Renting and operating of own or leased residential real estate, excluding social housing
E-invoicing
Reachable via Peppol
Peppol ID
0208:0479835145
Registered
14-07-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.