ALVAR is a road haulage company in Pittem. Private Limited, started on 9 November 2001, 1 establishment.

What is the address of ALVAR?

The registered office of ALVAR is located at Kriekestraat 11, 8740 Pittem.

Is ALVAR still active?

Yes. According to the CBE (30 October 2026) ALVAR is active, legal situation “Normale toestand”, started on 9 November 2001.

Is ALVAR registered on Peppol?

Yes, ALVAR is registered on the Peppol network with ID 0208:0476045811.

What is the enterprise number of ALVAR?

The enterprise number of ALVAR is BE0476045811.

When was ALVAR founded?

ALVAR was founded on 9 November 2001.

Who are the directors of ALVAR?

According to the 2025 annual accounts, the directors of ALVAR are: Geert Nemegheer, Hermeline Nemegheer, Reinaard Nemegheer.

Is ALVAR a reliable company?

Databakkes does not pass judgement; this is what the sources say: Active according to the CBE since 9 November 2001; 5 annual accounts filed, latest fiscal year 2025; 3 directors known from the annual account.

How much profit did ALVAR make in 2025?

ALVAR posted a profit after taxes of € 1,544 in financial year 2025.

What is the revenue of ALVAR?

In its most recent annual accounts (2025), ALVAR reported revenue of € 1,101,433.

How much does an employee at ALVAR earn?

The average wage cost per full-time employee at ALVAR was € 43,000 in 2025: staff costs of € 335,738 for 7.8 FTE, according to the annual account at the National Bank. That is the employer's cost, not net pay.

How many employees does ALVAR have?

According to the 2025 annual accounts, ALVAR has 7.8 full-time equivalents (FTE).

ALVAR (Private Limited) - Pittem - BE0476045811

Dossier ALVAR, printed on 30 October 2026 from databakkes.be/en/0476045811/alvar. Sources: CBE, National Bank of Belgium, Belgian Official Gazette.

Warning lights

Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.

Shrinking team NBB

FTE fell two years in a row, from 10.7 to 7.8.

Financials

Financial year 2025

ALVAR from Pittem, company number BE0476045811, closed financial year 2025 with a result of € 1,544 after tax. For that financial year ALVAR recorded revenue of € 1.1 million and equity of € 121,720. Compared with financial year 2024, the result moved from € 18,005 to € 1,544. The company is profitable. The buffer is growing. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on August 27, 2026.

What it is worth Growing

€ 121,720

▲ 1% vs 2024

Assets minus debts, by the books. What is left if everything were sold and paid today.

Profit Healthy

€ 1,544

▼ 91% vs 2024

Profit after tax over the fiscal year.

Cash in the bank

€ 4,043

▼ 25% vs 2024

Cash and bank balances on the last day of the fiscal year.

Where the profit goes Growing

Stays in the company

No dividend for 2025. Retained profit grew to € 101,720.

People and assets in 2025

Full-time equivalents

7.8

▼ 0.9 vs 2024

Average over the fiscal year, from the social balance sheet.

Wage cost Staff costs are payroll only. Director pay sits with services and miscellaneous goods: € 715,445 in 2025, together with rent, insurance, accountants and other services. The accounts do not split that further.

€ 335,738

▼ 21% vs 2024

€ 43,000 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.

Vehicles and equipment

€ 385,841

▼ 38% vs 2024

Of which on lease € 244,587.

Debts at end 2025

Bank debt ≈ 3 years to go The accounts give the long-term loan and the part due within the year. The remainder divided by that part is the number of years at an equal pace; a new loan or early repayment changes it.

€ 628,395

▼ 23% vs 2024

€ 184,670 is repaid this year. At this pace the long-term loan is gone in ≈ 3 years.

Owed to suppliers

€ 123,251

▲ 27% vs 2024

Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 59 days on average.

Taxes and wages

€ 44,204

▼ 55% vs 2024

Taxes, VAT and social contributions still to pay.

Key figures per fiscal year Download key figures (CSV)
	2022	2023	2024	2025	Change 2024 → 2025
Revenue	€ 1,735,555 Revenue 2022: € 1,735,555 First fiscal year in the series	€ 1,660,190 Revenue 2023: € 1,660,190 ▼ 4% vs 2022 (€ 1,735,555) Unfavourable step	€ 1,511,546 Revenue 2024: € 1,511,546 ▼ 9% vs 2023 (€ 1,660,190) Unfavourable step	€ 1,101,433 Revenue 2025: € 1,101,433 ▼ 27% vs 2024 (€ 1,511,546) Unfavourable step	▼ 27%
Profit after taxes	€ 10,006 Profit after taxes 2022: € 10,006 First fiscal year in the series	€ 13,512 Profit after taxes 2023: € 13,512 ▲ 35% vs 2022 (€ 10,006) Favourable step	€ 18,005 Profit after taxes 2024: € 18,005 ▲ 33% vs 2023 (€ 13,512) Favourable step	€ 1,544 Profit after taxes 2025: € 1,544 ▼ 91% vs 2024 (€ 18,005) Unfavourable step	▼ 91%
Equity	€ 91,659 Equity 2022: € 91,659 First fiscal year in the series	€ 103,171 Equity 2023: € 103,171 ▲ 13% vs 2022 (€ 91,659) Favourable step	€ 120,176 Equity 2024: € 120,176 ▲ 16% vs 2023 (€ 103,171) Favourable step	€ 121,720 Equity 2025: € 121,720 ▲ 1% vs 2024 (€ 120,176) Favourable step	▲ 1%
Total debts	€ 793,443 Total debts 2022: € 793,443 First fiscal year in the series	€ 1,175,373 Total debts 2023: € 1,175,373 ▲ 48% vs 2022 (€ 793,443) Unfavourable step	€ 1,130,604 Total debts 2024: € 1,130,604 ▼ 4% vs 2023 (€ 1,175,373) Favourable step	€ 918,520 Total debts 2025: € 918,520 ▼ 19% vs 2024 (€ 1,130,604) Favourable step	▼ 19%
Cash	€ 29,170 Cash 2022: € 29,170 First fiscal year in the series	€ 12,720 Cash 2023: € 12,720 ▼ 56% vs 2022 (€ 29,170) Unfavourable step	€ 5,398 Cash 2024: € 5,398 ▼ 58% vs 2023 (€ 12,720) Unfavourable step	€ 4,043 Cash 2025: € 4,043 ▼ 25% vs 2024 (€ 5,398) Unfavourable step	▼ 25%
Retained profit	€ 68,659 Retained profit 2022: € 68,659 First fiscal year in the series	€ 82,171 Retained profit 2023: € 82,171 ▲ 20% vs 2022 (€ 68,659) Favourable step	€ 100,176 Retained profit 2024: € 100,176 ▲ 22% vs 2023 (€ 82,171) Favourable step	€ 101,720 Retained profit 2025: € 101,720 ▲ 2% vs 2024 (€ 100,176) Favourable step	▲ 2%
Bank debt	€ 446,940 Bank debt 2022: € 446,940 First fiscal year in the series	€ 893,836 Bank debt 2023: € 893,836 ▲ 100% vs 2022 (€ 446,940) Unfavourable step	€ 815,427 Bank debt 2024: € 815,427 ▼ 9% vs 2023 (€ 893,836) Favourable step	€ 628,395 Bank debt 2025: € 628,395 ▼ 23% vs 2024 (€ 815,427) Favourable step	▼ 23%
Balance sheet total	€ 885,102 Balance sheet total 2022: € 885,102 First fiscal year in the series	€ 1,278,545 Balance sheet total 2023: € 1,278,545 ▲ 44% vs 2022 (€ 885,102) Unchanged	€ 1,250,780 Balance sheet total 2024: € 1,250,780 ▼ 2% vs 2023 (€ 1,278,545) Unchanged	€ 1,040,240 Balance sheet total 2025: € 1,040,240 ▼ 17% vs 2024 (€ 1,250,780) Unchanged	▼ 17%
Employees (FTE)	11.5 Employees (FTE) 2022: 11.5 First fiscal year in the series	10.7 Employees (FTE) 2023: 10.7 ▼ 0.8 vs 2022 (11.5) Unchanged	8.7 Employees (FTE) 2024: 8.7 ▼ 2 vs 2023 (10.7) Unchanged	7.8 Employees (FTE) 2025: 7.8 ▼ 0.9 vs 2024 (8.7) Unchanged	▼ 0.9

Key figures of ALVAR, 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 ALVAR?

What happened at ALVAR in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:

Aug 27, 2026 New annual accounts for financial year 2025: profit of € 1,544 (▼ 91% vs 2024). filed late Source: NBB ↗
Dec 20, 2001 New establishment in Pittem. KBO
Nov 9, 2001 Start of the company according to the CBE. KBO

In short

From € 10,006 profit in 2022 to € 1,544 profit in 2025.

Paid € 20,355 in corporate taxes since 2022.

Best year ever: 2024, with € 18,005 profit.

Pays suppliers within 59 days on average.

Original PDFs at the National Bank ↗

Management

Geert Nemegheer Hermeline Nemegheer Reinaard Nemegheer

NRH PIGS

AGRAR

ALVAR

NEMEGHEER

Behind ALVAR are Geert Nemegheer, Hermeline Nemegheer and Reinaard Nemegheer. The same people are also behind AGRAR. Geert Nemegheer is also behind NRH PIGS, NOTELARENGOED and AG-DINANT. Hermeline Nemegheer is also behind MALPERTHUYS RHN. Reinaard Nemegheer is also behind NEMEGHEER, REIN-TRADE, MALPERTHUYS RHN and Hof ter Nieuwe Abele.

Directors

According to the 2025 annual accounts

Geert Nemegheer

Director

Also active at: NRH PIGS, AGRAR, NOTELARENGOED, AG-DINANT

Hermeline Nemegheer

Director

Also active at: AGRAR, MALPERTHUYS RHN

Reinaard Nemegheer

Director

Also active at: NEMEGHEER, AGRAR, REIN-TRADE, MALPERTHUYS RHN, Hof ter Nieuwe Abele

Establishments

Establishment units

Physical locations of this company

Registered office

Kriekestraat 11

8740 Pittem

Who else lives here?

A building full of entrepreneurs or one very busy letterbox? Another 2 companies are registered at this address.

All companies at this address →

AGRAR same network

€ 256,623 revenue · 2025

M.Bultynck

What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.

Details

Company number

0476.045.811

VAT number

BE 0476.045.811

Registered office

Kriekestraat 11, 8740 Pittem

Names & denominations

ALVAR

Enterprise type

Rechtspersoon

Legal form

Private limited company

Legal situation

Normale toestand

Start date

9 November 2001

Peppol

Active · Active since 9 Oct 2025

Activities · NACE

Goederenvervoer over de weg

Groothandel in levend vee

View on CBE Public ↗ Annual accounts (NBB) ↗

ALVAR

Warning lights

Financials

What happened to ALVAR?

Management

Directors

Establishments

Establishment units

Who else lives here?

Details

Frequently asked questions