ACTIVE

Alva

Financial year 2025 · closed on 31/12/2025
Net result
4,8 M €
+2190.5% YoY
Revenue
486,4 k €
+56.1% YoY
Equity
67,3 M €
+7.8% YoY
Workforce
16,7 ETP
-14.8% YoY

What does Alva do?

Alva is a Public limited company incorporated in 1977. Its main activity is: Forestry and logging. Its registered office is in Uccle. It employs on average 16,7 ETP workers (FTE).

Legal situation
Normal situation
BCE/KBO no. / VAT
BE 0417.273.412
Incorporation
18/02/1977
Legal form
Public limited company
Registered office
Avenue de la Chênaie 175
1180 Uccle · BruxellesSee on map
Contributed capital
24 789 352,48 €
Latest accounts
31/12/2025
Average workforce
16,7 ETP
Joint committees (4)
  • 100
  • 12501
  • 200
  • 218
Signals
ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts
Health score
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✦ Verdict · Analyst summary
Financials

Trend over 21 financial years

202520242023202220212020201920182017201620152014201320122011201020092008200720062005
Income statement
Revenue486,4 k €311,7 k €619,4 k €321 k €310,1 k €214,4 k €178,2 k €144 k €106,9 k €111,2 k €5,6 M €7,3 M €2,9 M €2,6 M €4 M €2,1 M €2 M €
EBITDA3 M €3,5 M €2,9 M €1,8 M €1,3 M €636,4 k €2,1 M €-461,5 k €-110,6 k €472,7 k €2,7 M €4,3 M €-349,6 k €-201,5 k €-372,3 k €-456,3 k €-797,7 k €-515 k €1,2 M €-1,1 M €-892,7 k €
Operating result1,8 M €2 M €1,4 M €336,9 k €-290,8 k €-942,7 k €647 k €-1,9 M €-1,5 M €-864,2 k €1,4 M €3,1 M €-1,5 M €-1,3 M €-1,5 M €-1,4 M €-2,1 M €-1,4 M €465,5 k €-1,8 M €-1,6 M €
Net result4,8 M €-231,7 k €-12 M €2,6 M €3,3 M €-414 k €3,1 M €1,7 M €-2 M €3,3 M €3,8 M €4,5 M €403,4 k €1,8 M €-374,4 k €982,3 k €933,9 k €-1,4 M €2,9 M €9 M €470,6 k €
Balance sheet
Equity67,3 M €62,5 M €64,2 M €76,2 M €74,5 M €72,2 M €73,5 M €71,3 M €70,5 M €73,3 M €70,8 M €67,9 M €64,3 M €64,3 M €63,3 M €64,2 M €63,6 M €63,2 M €64,5 M €61,7 M €52,6 M €
Total assets75,6 M €82,2 M €86,3 M €100,1 M €100,1 M €100,3 M €91,1 M €90,3 M €88,7 M €86,4 M €80,5 M €78,2 M €71,9 M €74,6 M €73,8 M €73,6 M €70,9 M €71,8 M €68,2 M €72,1 M €61 M €
Cash808,6 k €1,3 M €1,1 M €359,4 k €5,6 M €863,6 k €5,3 M €1,5 M €2,7 M €3,2 M €692,5 k €637,3 k €1,1 M €2,5 M €422,5 k €549,5 k €774,9 k €999,8 k €4,7 M €14,4 M €1,2 M €
Debts8,1 M €19,5 M €21,5 M €23,2 M €25 M €28,1 M €16,9 M €18,9 M €18 M €13 M €9,6 M €10 M €7,2 M €10,2 M €10,3 M €9,2 M €7,1 M €8,3 M €3,4 M €10 M €8,2 M €
Other
Workforce16,7 ETP19,6 ETP22,4 ETP24,8 ETP23,7 ETP22,8 ETP22,8 ETP23,5 ETP25,0 ETP25,5 ETP25,5 ETP26,2 ETP24,2 ETP26,0 ETP27,0 ETP26,5 ETP26,9 ETP26,2 ETP24,7 ETP21,3 ETP19,9 ETP
Estimate

Indicative valuation

As an indication, this company is worth

between 5 M€ and 10 M€
See the valuation
Governance

Board of directors

Seen on filing of 31/12/2025 · 9 active · 39 ended

Active mandates

AHO Consulting

Director · since 13 mai 2025 · until 13 mai 2031 · 0536.430.784

Represented by Alexander Hodac

Active
Aligiu

Director · since 13 mai 2025 · until 13 mai 2031 · 0803.191.870

Represented by Olivia Vastapane

Active
REPSAK

Managing director · since 19 septembre 2024 · until 19 septembre 2030 · 0633.501.357

Represented by Kasper Deforche

Active
Larissa Vastapane

Director · since 28 mai 2024 · until 14 mai 2030

Active
Paolo Troiano

Director · since 25 avril 2023 · until 08 mai 2029

Active
Patricia Vastapane

Director · since 10 mai 2022 · until 09 mai 2028

Active
Philippe Vastapane

Director · since 10 mai 2022 · until 09 mai 2028

Active
Alessio Lupo

Director · since 18 mai 2021 · until 11 mai 2027

Active
Mattéo Lupo

Director · since 18 mai 2021 · until 11 mai 2027

Active

Ended mandates

REPSAK

Managing director · since 06 janvier 2025 · until 19 septembre 2030 · 0633.501.357

Represented by Kasper Deforche

Ended
Aligiu

Director · since 28 mai 2024 · until 13 mai 2025 · 0803.191.870

Represented by Olivia Vastapane

Ended
AHO Consulting

Director · since 09 octobre 2019 · until 13 mai 2025 · 0536.430.784

Represented by Alexander Hodac

Ended
AHO Consulting

Director · since 09 octobre 2019 · until 13 mai 2025 · 0536.430.784

Represented by Alexander Hodac

Ended
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Annual accounts

Full financial information

202520242023202220212020
Type of accountFull modelAbridged modelAbridged modelAbridged modelAbridged modelAbridged model
Start of the financial year01/01/202501/01/202401/01/202301/01/202201/01/202101/01/2020
Closing of the financial year31/12/202531/12/202431/12/202331/12/202231/12/202131/12/2020
Length of the financial year12 months12 months12 months12 months12 months12 months
Filing date03/06/202624/06/202503/09/202522/08/202305/07/202229/06/2021
General meeting28/05/202613/05/202528/05/202425/04/202310/05/202218/05/2021
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls
Ratios

Financial ratios

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Filings

Annual accounts filings

22 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Full model31/12/202528/05/202603/06/2026FrenchPDF
Abridged model31/12/202413/05/202524/06/2025FrenchPDF
Abridged modelCorrection31/12/202328/05/202403/09/2025FrenchPDF
Abridged model31/12/202328/05/202410/09/2024FrenchPDF
Abridged model31/12/202225/04/202322/08/2023FrenchPDF
Abridged model31/12/202110/05/202205/07/2022FrenchPDF
Abridged model31/12/202018/05/202129/06/2021FrenchPDF
Abridged model31/12/201912/05/202005/06/2020FrenchPDF
Abridged model31/12/201809/05/201912/06/2019FrenchPDF
Abridged model31/12/201715/05/201811/07/2018FrenchPDF
Abridged model31/12/201623/05/201728/06/2017FrenchPDF
Abridged model31/12/201510/05/201629/08/2016FrenchPDF
Abridged model31/12/201412/05/201530/06/2015FrenchPDF
Abridged model31/12/201313/05/201430/06/2014FrenchPDF
Abridged model31/12/201214/05/201327/05/2013FrenchPDF
Abridged model31/12/201108/05/201205/06/2012FrenchPDF
Abridged model31/12/201010/05/201115/06/2011FrenchPDF
Abridged model31/12/200911/05/201021/05/2010FrenchPDF
Abridged model31/12/200812/05/200902/06/2009FrenchPDF
Abridged model31/12/200713/05/200814/05/2008FrenchPDF
Abridged model31/12/200608/05/200707/06/2007FrenchPDF
Abridged modelCorrection31/12/200509/05/200621/06/2007FrenchPDF
Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 5 M€ and 10 M€

The detail comes with the Business plan: low and high bounds, the valuation bridge for each financial year, transaction multiples by sector and size, group valuation and exports.

Discover the Business plan
Disclaimer

Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.

Governance

Board of directors

Seen on filing of 31/12/2025 · 9 active · 39 ended

Active mandates

AHO Consulting

Director · since 13 mai 2025 · until 13 mai 2031 · 0536.430.784

Represented by Alexander Hodac

Active
Aligiu

Director · since 13 mai 2025 · until 13 mai 2031 · 0803.191.870

Represented by Olivia Vastapane

Active
REPSAK

Managing director · since 19 septembre 2024 · until 19 septembre 2030 · 0633.501.357

Represented by Kasper Deforche

Active
Larissa Vastapane

Director · since 28 mai 2024 · until 14 mai 2030

Active
Paolo Troiano

Director · since 25 avril 2023 · until 08 mai 2029

Active
Patricia Vastapane

Director · since 10 mai 2022 · until 09 mai 2028

Active
Philippe Vastapane

Director · since 10 mai 2022 · until 09 mai 2028

Active
Alessio Lupo

Director · since 18 mai 2021 · until 11 mai 2027

Active
Mattéo Lupo

Director · since 18 mai 2021 · until 11 mai 2027

Active

Ended mandates

REPSAK

Managing director · since 06 janvier 2025 · until 19 septembre 2030 · 0633.501.357

Represented by Kasper Deforche

Ended
Aligiu

Director · since 28 mai 2024 · until 13 mai 2025 · 0803.191.870

Represented by Olivia Vastapane

Ended
AHO Consulting

Director · since 09 octobre 2019 · until 13 mai 2025 · 0536.430.784

Represented by Alexander Hodac

Ended
AHO Consulting

Director · since 09 octobre 2019 · until 13 mai 2025 · 0536.430.784

Represented by Alexander Hodac

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Mandates16/06/2025
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates03/02/2025
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates24/10/2024
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates09/07/2024
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates22/08/2023
    DEMISSIONS, NOMINATIONS
    PDF
  • Other12/10/2022
    STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, …)
    PDF
  • Mandates05/09/2022
    DEMISSIONS, NOMINATIONS
    PDF
  • Restructuring25/08/2021
    DEMISSIONS, NOMINATIONS - RUBRIQUE RESTRUCTURATION (FUSION, SCISSION, TRANSFERT PATRIMOINE, ETC...)
    PDF

Source: Belgian Official Gazette

Competition

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

Timeline

  1. 13/05/2026
    reconductionOlivia VASTAPANE — administrateur
  2. 13/05/2026
    reconductionAlexander HODAC — administrateur
  3. 13/05/2026
    nominationLaura Guarino — représentant permanent (commissaire)
  4. 2025
    Annual accounts 20254,8 M €
  5. 06/01/2025
    nominationREPSAK — administrateur délégué
  6. 2024
    Annual accounts 2024-231,7 k €
  7. 19/09/2024
    nominationSRL 5 REPSAK — administrateur exécutif
  8. 28/05/2024
    reconductionLarissa VASTAPANE — administrateur
  9. 2023
    Annual accounts 2023-12 M €
  10. 25/04/2023
    reconductionPaolo Troiano — administrateur
  11. 2022
    Annual accounts 20222,6 M €
  12. 10/05/2022
    reconductionPhilippe Vastapane — administrateur
  13. 10/05/2022
    reconductionPatricia VASTAPANE — administrateur
  14. 10/05/2022
    nominationLaura Guarino — représentant du réviseur
  15. 2021
    Annual accounts 20213,3 M €
  16. 2020
    Annual accounts 2020-414 k €
  17. 2019
    Annual accounts 20193,1 M €
  18. 2018
    Annual accounts 20181,7 M €
  19. 2017
    Annual accounts 2017-2 M €
  20. 2016
    Annual accounts 20163,3 M €
  21. 2015
    Annual accounts 20153,8 M €
  22. 2014
    Annual accounts 20144,5 M €
  23. 2013
    Annual accounts 2013403,4 k €
  24. 2012
    Annual accounts 20121,8 M €
  25. 2011
    Annual accounts 2011-374,4 k €
  26. 2010
    Annual accounts 2010982,3 k €
  27. 2009
    Annual accounts 2009933,9 k €
  28. 2008
    Annual accounts 2008-1,4 M €
  29. 2007
    Annual accounts 20072,9 M €
  30. 2006
    Annual accounts 20069 M €
  31. 2005
    Annual accounts 2005470,6 k €
  32. 18/02/1977
    IncorporationPublic limited company