ALVIN RECYCLING
ActiveSummary
ALVIN RECYCLING has been active since 1968 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.45M and a net result of €90k. Equity is growing by ~4.4% per year across the filed fiscal years. Its solvency ranks better than 43% of 4867 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
63
/ 100
Healthy
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability52▼-15
Solvency64▼-9
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €90k at 30 days acceptable
Liquidity tight (current ratio 1.41 against 1.4 in 2024; short-term debt: 39.9% and cash: 3.7% of total assets), and 60.5% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
39.5%
Return on assets
2.4%
Age of the figures
9 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Sector 46
higher
← fewer bankruptcies
more bankruptcies →
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 08-07-2026, 23 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
23 d early
2024
19 d late
2023
13 d early
2022
20 d early
2021
27 d early
2020
12 d late
2019
14 d early
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
24-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€90k
2024 · €-44k
2018: €35k
2019: €48k
2020: €295k
2021: €984k
2022: €335k
2023: €-1k
2024: €-44k
2018 → 2025
Working capital
€594k▲ 7.3%
2024 · €554k
2018: €723k
2019: €711k
2020: €869k
2021: €1.03M
2022: €831k
2023: €621k
2024: €554k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€1.44M-€1.48M▲ 2.6%€1.48M▼ 0.1%€1.44M▼ 3.0%€1.45M▲ 0.6%
Operating result€1.17M-€393k▼ 66.3%€-5k€-39k▼ 684%€114k
Net result€984k-€335k▼ 66.0%€-1k€-44k▼ 3,754%€90k
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €114k after a loss of €39k in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €3.66M
Fixed assets
€1.61M ▲ 50.2%
Current assets
€2.05M ▲ 5.4%
Equity and liabilities €3.66M
Equity
€1.45M ▲ 0.6%
Provisions
€31k ▲ 138%
Debt
€2.18M ▲ 39.3%
Debt's share of the balance-sheet total rises from 52.0% to 59.7%. Equity and debt are higher.
Key figures and ratios
EBITDA
€448k▲
2024 · €256k
Cash flow
€423k▲
2024 · €250k
Current ratio
1.41▲
2024 · 1.40
Quick ratio
0.84▼
2024 · 0.94
Debt to equity
1.51▲
2024 · 1.09
ROE
6.2%▲
2024 · -3.1%
ROA
2.4%▲
2024 · -1.5%
Interest coverage
3.60▼
2024 · 28.13
Debt ≤ 1 year
€1.46M▲
2024 · €1.39M
Debt > 1 year
€725k▲
2024 · €174k
Income taxes
€782▼
2024 · €5k
Staff costs
€604k▲
2024 · €565k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 68 lines
Balance sheet
Code20242025
Assets
Total assets20/58€3.02M€3.66M▲
Fixed assets21/28€1.07M€1.61M▲
Tangible fixed assets22/27€1.07M€1.61M▲
Land and buildings22€199k€288k▲
Plant, machinery and equipment23€773k€1.24M▲
Furniture and vehicles24€97k€77k▼
Financial fixed assets28€612€612=
Current assets29/58€1.95M€2.05M▲
Stocks and contracts in progress3€632k€832k▲
Stocks30/36€632k€832k▲
Amounts receivable within one year40/41€607k€575k▼
Trade receivables40€568k€548k▼
Other amounts receivable41€40k€27k▼
Current investments50/53€518k€466k▼
Cash at bank and in hand54/58€174k€135k▼
Deferred charges and accrued income490/1€17k€47k▲
Equity and liabilities
Total equity and liabilities10/49€3.02M€3.66M▲
Equity10/15€1.44M€1.45M▲
Contributions10/11€248k€248k=
Capital10€248k€248k=
Issued capital100€248k€248k=
Revaluation surpluses12€7k€7k=
Reserves13€1.18M€1.19M▲
Non-distributable reserves130/1€25k€25k=
Legal reserve130€25k€25k=
Tax-exempt reserves132€39k€94k▲
Distributable reserves133€1.12M€1.07M▼
Provisions and deferred taxes16€13k€31k▲
Deferred taxes168€13k€31k▲
Amounts payable17/49€1.57M€2.18M▲
Amounts payable after more than one year17€174k€725k▲
Financial debts170/4€174k€725k▲
Amounts payable within one year42/48€1.39M€1.46M▲
Current portion of amounts payable after more than one year42€113k€142k▲
Financial debts43-€130k
Credit institutions430/8-€130k
Trade debts44€1.07M€958k▼
Suppliers440/4€1.07M€958k▼
Taxes, remuneration and social security45€72k€74k▲
Taxes450/3€4k€5k▲
Remuneration and social security454/9€68k€69k▲
Other amounts payable47/48€138k€156k▲
Income statement
Code20242025
Remuneration, social security and pensions62€565k€604k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€295k€334k▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4-€26k
Other operating charges640/8€41k€48k▲
Non-recurring operating charges66A-€365
Gross operating margin9900€861k€1.13M▲
Operating profit (loss)9901€-39k€114k▲
Financial income75/76B€4k€119k▲
Recurring financial income75€4k€119k▲
Financial charges65/66B€9k€124k▲
Recurring financial charges65€9k€124k▲
Profit (loss) for the period before taxes9903€-44k€109k▲
Transfer from deferred taxes780€5k€5k▲
Transfer to deferred taxes680-€23k
Income taxes67/77€5k€782▼
Profit (loss) for the period9904€-44k€90k▲
Transfer from tax-exempt reserves789€52k€14k▼
Transfer to tax-exempt reserves689-€69k
Profit (loss) for the period to be appropriated9905€7k€35k▲
Appropriation of the result
Profit (loss) to be appropriated9906€7k€35k▲
Transfer from equity791/2-€81k
Transfer to equity691/2€7k€35k▲
To other reserves6921€7k€35k▲
Profit to be distributed694/7-€81k
Return on contributions (dividend)694-€81k
Social balance
Average headcount (FTE)9087-8.9
The notes to these accounts (16 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
08-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
31-12
Financial
Back to profitnet €90k
Net result €90k after 2 loss-making years.
19-08
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 19 days late
2024
31-12
Financial
Weakest financial yearnet €-44k
Net result drops to €-44k, the lowest in the series; recovery starts the following year.
18-07
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
11-07
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
04-07
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
31-12
Financial
Highest result since 2018net €984k ▲234%
Operating result €1.17M, net result €984k, both a record.
12-08
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 12 days late
2020
31-12
Financial
Equity above €1MEq €1.06M ▲15.9%
3 profitable years in a row build equity to €1.06M.
17-07
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
03-07
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
31-07
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
14-06
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
10 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, Mons · 1 establishment unit since 1960
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.
Rue Vieille Haine 127012 MonsGround area
1,672 m²
Building footprint
211 m²
Volume, LiDAR
815 m³
Parcel 53043A0047/00H000, Wallonia · tallest building 7.7 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
Rue Vieille Haine 12, 7012 Mons
since 19602.003.438.097
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 53043A0047/00H000 | Wallonia | 1,672 m² | 1 · 211 m² | 7.7 m · 1 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
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The Aluminium Recovery Company
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Balen · Eq €1,441,909
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MECA WEIGERT
BE 0877.013.622
Gouvy · Eq €1,470,646
Of 413 companies in sector 46872 we hold annual accounts for 218. 158 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded01-01-1968
Fiscal year end31-12
Activities, NACEBEL 2025
46872Wholesale trade
Sources
Crossroads Bank for EnterprisesNational Bank · 49 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.