Al-Fa Projects
ActiveSummary
The computed 12-month bankruptcy probability of Al-Fa Projects is 2.0% (moderate). The 2025 annual accounts show negative equity (-€21,849) and a net result of -€3,811. Equity is growing by ~20.8% per year across the filed fiscal years. Its solvency ranks better than 5% of 28184 sector peers (fiscal year 2025). The company has been active since 2009 and the Belgian State Gazette contains no insolvency or warning signals.
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Signals
This company filed its last 7 accounts on average 2 days before the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% of the sector filed late.
Checked, nothing found (2)
History
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Financials · fiscal year 2025, micro schema
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Peer companies
Historical observationOf the 6,943 companies that looked in July 2024 the way this one looks now, 5.5% went bankrupt within 24 months and 85% are still going.
- Micro
- 10 to 20 years old
- negative equity
- a loss of 10% of the balance sheet or more
A further 1.5% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 2.0% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 6,943 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | €27 | €140 | €229 | €204 | ▼ 10.6% |
| Other operating charges640/8 | €390 | €239 | €266 | €276 | €273 | ▼ 0.8% |
| Gross operating margin9900 | €20,932 | €23,076 | €12,058 | €4,783 | -€3,166 | ▼ 166% |
| Operating profit (loss)9901 | €20,542 | €22,810 | €11,652 | €4,279 | -€3,644 | ▼ 185% |
| Financial income75/76B | - | €2 | €1 | - | €82 | - |
| Recurring financial income75 | - | €2 | €1 | - | €82 | - |
| Financial charges65/66B | €156 | €289 | €558 | €252 | €249 | ▼ 1.2% |
| Recurring financial charges65 | €156 | €289 | €558 | €252 | €249 | ▼ 1.2% |
| Profit (loss) for the period before taxes9903 | €20,386 | €22,523 | €11,095 | €4,027 | -€3,811 | ▼ 195% |
| Income taxes67/77 | €5,047 | €5,993 | €2,774 | €1,075 | - | - |
| Profit (loss) for the period9904 | €15,339 | €16,530 | €8,321 | €2,952 | -€3,811 | ▼ 229% |
| Profit (loss) for the period to be appropriated9905 | €15,339 | €16,530 | €8,321 | €2,952 | -€3,811 | ▼ 229% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €39,985 | €34,689 | €29,088 | €16,609 | €2,717 | ▼ 83.6% |
| Fixed assets21/28 | - | €237 | €525 | €297 | €92 | ▼ 68.9% |
| Tangible fixed assets22/27 | - | €237 | €525 | €297 | €92 | ▼ 68.9% |
| Furniture and vehicles24 | - | €237 | €525 | €297 | €92 | ▼ 68.9% |
| Current assets29/58 | €39,985 | €34,452 | €28,563 | €16,313 | €2,625 | ▼ 83.9% |
| Stocks and contracts in progress3 | €25,000 | - | €5,000 | - | - | - |
| Contracts in progress37 | €25,000 | - | €5,000 | - | - | - |
| Amounts receivable within one year40/41 | €6,537 | €27,053 | €22,680 | €8,674 | €1,788 | ▼ 79.4% |
| Trade receivables40 | €6,356 | €24,947 | €15,454 | €8,282 | €1,779 | ▼ 78.5% |
| Other amounts receivable41 | €181 | €2,106 | €7,226 | €392 | €8 | ▼ 97.8% |
| Cash at bank and in hand54/58 | €8,448 | €7,399 | €883 | €7,639 | €837 | ▼ 89.0% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €39,985 | €34,689 | €29,088 | €16,609 | €2,717 | ▼ 83.6% |
| Equity10/15 | -€45,842 | -€29,312 | -€20,991 | -€18,038 | -€21,849 | ▼ 21.1% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €792 | €792 | €792 | €792 | €792 | = |
| Non-distributable reserves130/1 | €792 | €792 | €792 | €792 | €792 | = |
| Reserves not available under the articles1311 | €792 | €792 | €792 | €792 | €792 | = |
| Profit (loss) carried forward14 | -€65,234 | -€48,704 | -€40,383 | -€37,430 | -€41,241 | ▼ 10.2% |
| Amounts payable17/49 | €85,827 | €64,001 | €50,079 | €34,648 | €24,566 | ▼ 29.1% |
| Amounts payable within one year42/48 | €85,827 | €64,001 | €50,079 | €34,648 | €24,566 | ▼ 29.1% |
| Current portion of amounts payable after more than one year42 | - | - | €850 | - | - | - |
| Trade debts44 | €13,687 | €23,301 | €11,887 | €5,339 | €66 | ▼ 98.8% |
| Suppliers440/4 | €13,687 | €23,301 | €11,887 | €5,339 | €66 | ▼ 98.8% |
| Taxes, remuneration and social security45 | €5,287 | €40,700 | €1,776 | €1,075 | - | - |
| Taxes450/3 | €5,287 | €5,993 | €1,776 | €1,075 | - | - |
| Remuneration and social security454/9 | - | €34,707 | - | - | - | - |
| Other amounts payable47/48 | €66,853 | - | €35,566 | €28,234 | €24,501 | ▼ 13.2% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €15,339 | €16,530 | €8,321 | €2,952 | -€3,811 | ▼ 229% |
| + Depreciation and write-downs630 | - | €27 | €140 | €229 | €204 | ▼ 10.6% |
| Operating cash flow (approximation) | €15,339 | €16,557 | €8,461 | €3,181 | -€3,607 | ▼ 213% |
| Investment in fixed assets (approximation) | - | - | -€428 | -€0 | €0 | ▲ 100% |
| Change in cash | - | -€1,049 | -€6,516 | €6,756 | -€6,802 | ▼ 201% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
About the unread acts
We know of 4 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Directors · office · real estate
1 establishment unit
1 parcel
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 41362B1563/00B018 | Flanders | 229 m² | 1 · 142 m² | 9.4 m · 1 fl. |
Linked by address, not proof of ownership
Similar companies · same sector and region
Identification & contact
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Register as of 27 September 2026 · Peppol Directory
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