ALVOS
ActiveSummary
ALVOS has been active since 1990 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show negative equity (-€389,703) and a net result of -€184,851. Equity is shrinking by ~39% per year across the filed fiscal years. Its solvency ranks better than 5% of 9619 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 1.0% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability0▼-92
Solvency0=
Growth32=
Track record100
Bankruptcy probability, 12 months
1.0%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.13 against 0.37 in 2023; short-term debt: 141.9% and cash: 3.5% of total assets), and equity is negative.
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Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
-41.9%
Return on assets
-19.9%
Age of the figures
21 mo
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 · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Retail trade (NACE 47)
about 45% more bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Negative equity
The 2024 annual accounts show negative equity and a net loss.
NBB · annual accounts 2024Equity per financial year
18192021222324
2018 to 2024 · latest year -€389,703
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 17-06-2025, 44 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
44 d early
2023
44 d early
2022
39 d early
2021
39 d early
2020
45 d early
2019
36 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 41 days before the deadline; the sector median for financial year 2024 is on the deadline day, and 46% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, abbreviated schema
Equity
-€389,703▼ 90.2%
2023 · -€204,852
Total assets
€930,353▲ 255%
2023 · €262,248
Net result
-€184,851
2023 · €49,156
Working capital
-€1.1m▼ 286%
2023 · -€296,591
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
Line20202021202220232024
Operating result-€97,264-€125,666▼ 29.2%-€55,523▲ 55.8%€71,777-€160,168
Net result-€118,064-€109,442▲ 7.3%-€80,023▲ 26.9%€49,156-€184,851
Equity-€64,543-€173,985▼ 170%-€254,009▼ 46.0%-€204,852▲ 19.4%-€389,703▼ 90.2%
Total assets€205,879▼ 57.1%€196,909▼ 4.4%€254,684▲ 29.3%€262,248▲ 3.0%€930,353▲ 255%
Debt€270,423▼ 36.6%€370,894▲ 37.2%€508,693▲ 37.2%€467,100▼ 8.2%€1.3m▲ 183%
Working capital-€170,644▼ 487%-€267,654▼ 56.8%-€350,048▼ 30.8%-€296,591▲ 15.3%-€1.1m▼ 286%
Staff (FTE)16.6▲ 0.6%18.3▲ 10.2%14.7▼ 19.7%14.7=12.5▼ 15.0%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Why a figure moved sharply
- 2024 Equity -90%, Total assets +255% on 2023. Cause not known from the registers.
- 2021 Equity -170% on 2020. Cause not known from the registers.
- 2020 Total assets -57% on 2019. Cause not known from the registers.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2024: a loss of €160,168 after €71,777 in 2023, the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €930,353
Fixed assets
€754,961 ▲ 723%
Current assets
€175,392 ▲ 2.9%
Key figures and ratios
EBITDA
-€73,724▼
2023 · €97,401
Cash flow
-€98,407▼
2023 · €74,780
Solvency
-41.9%▲
2023 · -78.1%
Current ratio
0.13▼
2023 · 0.37
Quick ratio
0.07▼
2023 · 0.22
Debt to equity
-3.39▼
2023 · -2.28
ROA
-19.9%▼
2023 · 18.7%
Interest coverage
-3.77▼
2023 · 16.37
Debt ≤ 1 year
€1.3m▲
2023 · €467,100
Income taxes
€5,159▼
2023 · €16,671
Staff costs
€527,824▼
2023 · €591,632
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 682 companies that looked in July 2024 the way this one looks now, 6.3% went bankrupt within 24 months and 84% are still going.
- Small
- 20 years or older
- negative equity
- a loss of 10% of the balance sheet or more
6.3%
went bankrupt
6.2%
stopped otherwise
84%
still going
A further 3.8% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a lower 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 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
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 682 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 | - | €21,567 | €31,250 | €18,250 | - | - |
| Remuneration, social security and pensions62 | - | €669,358 | €585,464 | €591,632 | €527,824 | ▼ 10.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €40,098 | €38,064 | €27,134 | €25,623 | €86,444 | ▲ 237% |
| Other operating charges640/8 | - | €8,503 | €9,505 | €10,174 | €9,615 | ▼ 5.5% |
| Gross operating margin9900 | €501,107 | €590,260 | €566,581 | €699,207 | €463,715 | ▼ 33.7% |
| Operating profit (loss)9901 | -€97,264 | -€125,666 | -€55,523 | €71,777 | -€160,168 | ▼ 323% |
| Financial income75/76B | - | €42 | - | - | €32 | - |
| Recurring financial income75 | €950 | €42 | - | - | €32 | - |
| Financial charges65/66B | - | €921 | €2,744 | €5,950 | €19,555 | ▲ 229% |
| Recurring financial charges65 | €8,146 | €921 | €2,744 | €5,950 | €19,555 | ▲ 229% |
| Profit (loss) for the period before taxes9903 | -€104,459 | -€126,545 | -€58,266 | €65,828 | -€179,691 | ▼ 373% |
| Income taxes67/77 | €13,604 | -€17,103 | €21,757 | €16,671 | €5,159 | ▼ 69.1% |
| Profit (loss) for the period9904 | -€118,064 | -€109,442 | -€80,023 | €49,156 | -€184,851 | ▼ 476% |
| Profit (loss) for the period to be appropriated9905 | -€118,064 | -€109,442 | -€80,023 | €49,156 | -€184,851 | ▼ 476% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €205,879 | €196,909 | €254,684 | €262,248 | €930,353 | ▲ 255% |
| Fixed assets21/28 | €106,101 | €93,669 | €96,039 | €91,739 | €754,961 | ▲ 723% |
| Tangible fixed assets22/27 | €106,101 | €93,669 | €96,039 | €91,739 | €754,961 | ▲ 723% |
| Plant, machinery and equipment23 | - | €62,548 | €56,501 | €58,050 | €342,124 | ▲ 489% |
| Furniture and vehicles24 | - | €8,005 | €5,288 | €2,602 | €5,177 | ▲ 99.0% |
| Other tangible fixed assets26 | - | €23,116 | €34,250 | €31,087 | €407,661 | ▲ 1,211% |
| Current assets29/58 | €99,778 | €103,240 | €158,645 | €170,509 | €175,392 | ▲ 2.9% |
| Stocks and contracts in progress3 | €61,873 | €69,756 | €82,698 | €66,724 | €79,916 | ▲ 19.8% |
| Stocks30/36 | - | €69,756 | €82,698 | €66,724 | €79,916 | ▲ 19.8% |
| Amounts receivable within one year40/41 | €10,023 | €3,580 | €16,053 | €27,974 | €62,556 | ▲ 124% |
| Trade receivables40 | - | €3,197 | €15,726 | €27,974 | €62,345 | ▲ 123% |
| Other amounts receivable41 | - | €384 | €327 | - | €211 | - |
| Cash at bank and in hand54/58 | €27,883 | €29,903 | €59,894 | €75,811 | €32,920 | ▼ 56.6% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €205,879 | €196,909 | €254,684 | €262,248 | €930,353 | ▲ 255% |
| Equity10/15 | -€64,543 | -€173,985 | -€254,009 | -€204,852 | -€389,703 | ▼ 90.2% |
| Contributions10/11 | €62,000 | €62,000 | €62,000 | €62,000 | €62,000 | = |
| Capital10 | - | €62,000 | €62,000 | €62,000 | €62,000 | = |
| Issued capital100 | - | €62,000 | €62,000 | €62,000 | €62,000 | = |
| Reserves13 | €65,827 | €65,827 | €65,827 | €65,827 | €65,827 | = |
| Non-distributable reserves130/1 | - | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Legal reserve130 | - | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Distributable reserves133 | - | €59,627 | €59,627 | €59,627 | €59,627 | = |
| Profit (loss) carried forward14 | -€192,370 | -€301,812 | -€381,835 | -€332,679 | -€517,530 | ▼ 55.6% |
| Amounts payable17/49 | €270,423 | €370,894 | €508,693 | €467,100 | €1.3m | ▲ 183% |
| Amounts payable within one year42/48 | €270,423 | €370,894 | €508,693 | €467,100 | €1.3m | ▲ 183% |
| Trade debts44 | €125,018 | €97,215 | €197,725 | €155,981 | €283,293 | ▲ 81.6% |
| Suppliers440/4 | - | €97,215 | €197,725 | €155,981 | €283,293 | ▲ 81.6% |
| Taxes, remuneration and social security45 | - | €169,073 | €148,589 | €235,160 | €127,116 | ▼ 45.9% |
| Taxes450/3 | - | €51,717 | €56,401 | €126,496 | €50,928 | ▼ 59.7% |
| Remuneration and social security454/9 | - | €117,356 | €92,188 | €108,664 | €76,188 | ▼ 29.9% |
| Other amounts payable47/48 | - | €104,606 | €162,379 | €75,959 | €909,647 | ▲ 1,098% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€118,064 | -€109,442 | -€80,023 | €49,156 | -€184,851 | ▼ 476% |
| + Depreciation and write-downs630 | €40,098 | €38,064 | €27,134 | €25,623 | €86,444 | ▲ 237% |
| Operating cash flow (approximation) | -€77,965 | -€71,378 | -€52,889 | €74,780 | -€98,407 | ▼ 232% |
| Investment in fixed assets (approximation) | - | -€25,632 | -€29,504 | -€21,323 | -€749,667 | ▼ 3,416% |
| Change in cash | - | €2,020 | €29,991 | €15,917 | -€42,891 | ▼ 369% |
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
17-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Weakest financial yearnet -€184,851
Net result drops to -€184,851, the lowest in the series.
17-06
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Back to profitnet €49,156
Net result €49,156 after 3 loss-making years.
22-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
22-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
16-06
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
25-06
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
07-06
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
06-06
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
06-06
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
24-06
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 8 acts read
About the unread acts
We know of 8 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
8 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, Aalter · 2 establishment units since 2013
Ground area
1.8 ha
Building footprint
1.2 ha
Volume, LiDAR
66,060 m³
3 parcels, Flanders · tallest building 11.4 m, ±3 floors. Linked by address, not a title deed.
116
companies at this address
See who is registered here
2 establishment units
BUURTSLAGERS
since 20132.219.793.332
Buurtslagers
since 20252.371.031.970
3 parcels
Flanders
3
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44503H0052/00C000 | Flanders | 1.4 ha | 1 · 9,001 m² | 11.4 m · 3 fl. |
| 45422D0705/00D000 | Flanders | 2,783 m² | 1 · 1,649 m² | - |
| 33014A0946/00C017 | Flanders | 1,443 m² | 1 · 1,114 m² | - |
Linked by address, not proof of ownership
Good to know
3 of 3 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Food safety, FASFC
2 sites · 2 with a smileyRonse/Renaix2.219.793.332
Langemark-Poelkapelle2.371.031.970
Dual-learning approval
2 live approvalsKeukenmedewerker (vwo)
Keukenmedewerker duaal (so)
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Of 3,043 companies in sector 47221 we hold annual accounts for 1,564. 1,328 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded01-02-1990
Fiscal year end31-12
Activities, NACEBEL 2025
47221Retail sale of meat and meat products, excluding game and poultry
47120Other non-specialised retail sale
47222Retail trade
E-invoicing
Reachable via Peppol
Peppol ID
0208:0440116219
Also
9925:BE0440116219
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.