CRITICAL: CASH RUNWAY EXHAUSTED
Bank balance of €116.00 represents only 8.3 days of operating expenses at the current Q1 burn rate of €1,408/month. Combined with negative equity of €35,940 and €36K in director obligations, immediate capital injection or revenue acceleration is required within 30 days.
EXECUTIVE SUMMARY
Alvio Labs delivered a challenging Q1 2026 performance with a net loss of €4,226.52, driven by zero revenue recognition and continued operational expenses totaling €4,226.52. The absence of revenue in Q1 indicates a pre-revenue or development-stage operation, with the €3,032.07 in Cost of Goods Sold primarily representing capitalized development costs or early production expenses. Operating expenses of €1,194.45 were dominated by consulting & accounting fees (€613.00, 51.3%) and software subscriptions (€271.65, 22.8%).
The balance sheet position has deteriorated significantly over the past 12 months. Total assets fell 78.2% from €532.14 to €116.00, with the bank account now holding only 8.3 days of runway at current burn rates. Total liabilities increased 141% to €36,056.06, primarily driven by €36,247.62 in director-related obligations (current account: €23,697.62; loan account: €12,550.00). The company now operates with negative equity of €35,940.06, compared to €14,416.85 at March 2025—a 149% decline.
What this means for management: The business is currently funded entirely through director loans and is not self-sustaining. The negative net asset position and minimal cash reserves require immediate action—either revenue acceleration, external financing, or operational restructuring. The €191.56 sales tax credit suggests VAT refunds may be available, providing a short-term liquidity boost if claimed.
Q1 2026 P&L BREAKDOWN
Analyst Note: No revenue recognized in Q1. COGS likely represents capitalized development or early production costs. Without revenue, gross margin is not calculable.
BALANCE SHEET YOY CHANGE
Critical: Director obligations now exceed €36K. The business is 100% funded by owner capital, not operations.
OPERATING EXPENSE ANALYSIS — Q1 2026
REQUIRED ACTIONS
Secure Capital Injection Within 30 Days
With only €116 cash and €1,408/month burn, runway expires in ~8 days. Secure director loan drawdown, equity investment, or revenue before operations halt.
Claim VAT Refund (€191.56)
Negative sales tax balance indicates overpayment. File VAT return immediately to reclaim €191.56—extends runway by 4 days.
Review Director Loan Terms
€36,247 in director obligations now exceeds 311x the cash balance. Document repayment expectations to avoid conflicts.