Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
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Shrinking team NBB
FTE fell two years in a row, from 22.4 to 16.7.
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Figures corrected NBB
Corrected annual account filed for 2023.
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Busy address KBO
16 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2025
Alva from Ukkel, company number BE0417273412, closed financial year 2025 with a result of € 4.8 million after tax. For that financial year Alva recorded revenue of € 486,432 and equity of € 67.3 million. Compared with financial year 2024, the result moved from € -231,674 to € 4.8 million. Profitable, and profit is growing. The buffer is growing. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on June 3, 2026.
€ 67.3 million
▲ 8% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 4.8 million
▲ still € 231,674 loss in 2024
Profit after tax over the fiscal year.
€ 808,605
▼ 37% vs 2024
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2025. Retained profit grew to € 42.5 million.
People and assets in 2025
16.7
▼ 2.9 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 1 million
▼ 34% vs 2024
€ 61,600 per full-time equivalent. Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 63,697
▼ 38% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 7.3 million
▼ 60% vs 2024
€ 814,523 is repaid this year. At this pace the long-term loan is gone in ≈ 9 years.
€ 141,254
▼ 81% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 28 days on average.
€ 73,985
▼ 41% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 321,009 | € 619,384 | € 311,712 | € 486,432 | ▲ 56% |
| Gross margin | € 3,943,629 | € 4,824,853 | € 5,465,068 | - | |
| Profit after taxes | € 2,637,687 | € -12,048,986 | € -231,674 | € 4,843,229 | ▲ € 5.1 million |
| Equity | € 76,243,926 | € 64,194,939 | € 62,472,883 | € 67,316,112 | ▲ 8% |
| Total debts | € 23,220,647 | € 21,550,877 | € 19,637,687 | € 8,089,763 | ▼ 59% |
| Cash | € 359,372 | € 1,059,231 | € 1,274,855 | € 808,605 | ▼ 37% |
| Land & buildings | € 24,817,682 | € 22,854,177 | € 20,494,974 | € 17,298,499 | ▼ 16% |
| Retained profit | € 51,454,573 | € 39,405,587 | € 37,683,530 | € 42,526,759 | ▲ 13% |
| Dividend | € 921,400 | € 0 | € 0 | € 0 | |
| Bank debt | € 21,190,120 | € 20,757,426 | € 18,254,684 | € 7,317,063 | ▼ 60% |
| Balance sheet total | € 100,068,934 | € 86,346,585 | € 82,204,756 | € 75,634,583 | ▼ 8% |
| Employees (FTE) | 24.8 | 22.4 | 19.6 | 16.7 | ▼ 2.9 |
Key figures of Alva, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 31 July 2027.
What happened to Alva?
What happened at Alva in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- AHO Consulting stepped down as director. NBB
- ALIGIU stepped down as director. NBB
- REPSAK stepped down as director. NBB
- Larissa Vastapane stepped down as director. NBB
- Paolo Troiano stepped down as director. NBB
- Patricia Vastapane stepped down as director. NBB
- Philippe Vastapane stepped down as director. NBB
- Alessio Lupo stepped down as director. NBB
In short
From € 2.6 million profit in 2022 to € 4.8 million profit in 2025.
Paid € 310,726 in corporate taxes since 2022.
Best year ever: 2025, with € 4.8 million profit.
On average € 278,800 of value added per employee in 2024.
A new publication or filing at Alva? We notify you, reason included.
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De Lijn 8 June 2026 New annual account 2025
filed on 8 June 2026
What was left
€ 20 k ▼ 91%
Money in the bank
€ 178 k ▼ 98%
Open the dossier →
NMBS 8 June 2026 New annual account 2025 What was left ▼ 80%
bpost 18 May 2026 New annual account 2025 What was left from loss to profit
Management
It owns 100% of Cerbux Invest, 100% of Immobilière des Brasseurs, 100% of Depage Invest, 100% of Melezes Invest, 100% of Onze Van Eyck and 100% of Livourne 80 itself.
Directors
According to the 2025 annual accounts
Managing director · represented by Kasper Deforche
Also active at: SQUARE-ALVA, EUROPEAN, MULTILIST, CERBUX INVEST, AGRICOLE DE BOUDRY, PANDECADADIA, IMMOBILIERE DU GRAND SABLON, Mélèzes Invest +8 more
since 2024 · until 2030
Director · represented by Alexander Hodac
Also active at: Van Laere, MBG, BPC Group, Bâtiments et Ponts Construction, BENELMAT, PISCINE DE JONFOSSE, Design & Engineering, WOOD SHAPERS +1 more
since 2025 · until 2031
Director · represented by Olivia Vastapane
since 2025 · until 2031
Patricia Vastapane
Director
since 2022 · until 2028
Alessio Lupo
Director
since 2021 · until 2027
Paolo Troiano
Director
since 2023 · until 2029
since 2024 · until 2030
since 2022 · until 2028
Matteo Lupo
Director
since 2021 · until 2027
Establishments
Establishment units
Physical locations of this company
Eikenboslaan 175
1180 Ukkel
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 16 companies are registered at this address.
All companies at this address →Chambre de Commerce Belgo-Luxembourgeoise Dominicaine
Immobilière des Brasseurs same network
€ 415,492 gross margin · 2024
EUROPEAN same network
€ 1 million gross margin · 2025
CERBUX INVEST same network
€ 286,643 gross margin · 2025
AGRICOLE DE BOUDRY same network
€ 188,481 gross margin · 2025
+11 more
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0417.273.412
- VAT number
- BE 0417.273.412
- Registered office
- Eikenboslaan 175, 1180 Ukkel
- Names & denominations
- Alva
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 18 February 1977
- Peppol
- Active · Active since 2 Dec 2025
- Activities · NACE
Verhuur en exploitatie van eigen of geleased residentieel onroerend goed, exclusief sociale woningen
Exploitatie van bossen
Bosexploitatie
Overige ondersteunende activiteiten in verband met financiële diensten, neg, exclusief verzekeringen en pensioenfondsen