AL POINT COM
ActiveFinancials · financial year 2024, micro format
2025 annual accounts not yet filed, deadline passed on 31 July 2026 The financial year closed on 31 December 2025. The accounts are due at the latest 7 months after the close (Companies Code art. 3:10). Source: NBB filings, as of 5 November 2026.
Annual accounts 2024 filed on 29-09-2025 PDF all 33 filings
Turnover
≈ €580,000
Estimated: probably between €390,000 and €900,000
Total assets
€174,945▲ 134%
2023 · €74,620
Net result
€214,751
2023 · -€82,627
Working capital
-€158,850▲ 52.2%
2023 · -€332,535
Multi-year overview
2018 to 2024, 7 financial yearsOperating result
€224,670
2024
20182024
Net result
€214,751
2024
highest quarter of the sector
20182024
Equity
-€178,557
▲ 54.6%
2024
lowest quarter of the sector
20182024
Total assets
€174,945
▲ 134%
2024
middle half of the sector
20182024
Debt
€353,502
▼ 24.5%
2024
20182024
Working capital
-€158,850
▲ 52.2%
2024
lowest quarter of the sector
20182024
Solvency
-102.1%
▲ 425.0pp
2024
lowest quarter of the sector
20182024
Current ratio
0.44
▲ 0.35
2024
lowest quarter of the sector
20182024
Return on assets (ROA)
122.8%
▲ 233.5pp
2024
highest quarter of the sector
20182024
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line2018201920202021202220232024
Operating result€23,298-€7,646▼ 67.2%-€19,741-€95,414▼ 383%-€64,239▲ 32.7%-€53,822▲ 16.2%€224,670
Net result€5,226--€7,963-€38,136below the sector's middle half▼ 379%-€111,577below the sector's middle half▼ 193%-€88,880below the sector's middle half▲ 20.3%-€82,627below the sector's middle half▲ 7.0%€214,751above the sector's middle half
Equity-€64,126--€72,088▼ 12.4%-€110,224below the sector's middle half▼ 52.9%-€221,801below the sector's middle half▼ 101%-€310,681below the sector's middle half▼ 40.1%-€393,308below the sector's middle half▼ 26.6%-€178,557below the sector's middle half▲ 54.6%
Total assets€714,909-€662,438▼ 7.3%€652,992above the sector's middle half▼ 1.4%€517,310above the sector's middle half▼ 20.8%€322,713above the sector's middle half▼ 37.6%€74,620within the sector's middle half▼ 76.9%€174,945within the sector's middle half▲ 134%
Debt€779,035-€734,526▼ 5.7%€763,217▲ 3.9%€739,111▼ 3.2%€633,394▼ 14.3%€467,928▼ 26.1%€353,502▼ 24.5%
Working capital€1,512-€6,944▲ 359%€4,254within the sector's middle half▼ 38.7%-€109,615below the sector's middle half-€229,046below the sector's middle half▼ 109%-€332,535below the sector's middle half▼ 45.2%-€158,850below the sector's middle half▲ 52.2%
Solvency-9.0%--10.9%▼ 1.9pp-16.9%below the sector's middle half▼ 6.0pp-42.9%below the sector's middle half▼ 26.0pp-96.3%below the sector's middle half▼ 53.4pp-527.1%below the sector's middle half▼ 430.8pp-102.1%below the sector's middle half▲ 425.0pp
Current ratio1.00-1.01▲ 0.011.01within the sector's middle half▼ 0.010.81below the sector's middle half▼ 0.200.54below the sector's middle half▼ 0.270.09below the sector's middle half▼ 0.450.44below the sector's middle half▲ 0.35
Return on assets (ROA)0.7%--1.2%▼ 1.9pp-5.8%within the sector's middle half▼ 4.6pp-21.6%below the sector's middle half▼ 15.7pp-27.5%below the sector's middle half▼ 6.0pp-110.7%below the sector's middle half▼ 83.2pp122.8%above the sector's middle half▲ 233.5pp
above
within
below
The sector band is the middle half of the companies in Arts creation and performing arts activities (NACE 90). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.
The operating result for 2024 is a profit of €224,670, after a loss of €53,822 in 2023. It is the highest result since 2020.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €174,945
Fixed assets
€50,818 ▲ 23.1%
Current assets
€124,127 ▲ 272%
Equity and liabilities
Equity-€178,557
Debt€353,502
Equity is negative. Debt (€353,502) exceeds the balance-sheet total (€174,945).
Key figures and ratios
EBITDA
€231,601▲
2023 · -€44,750
Cash flow
€221,682▲
2023 · -€73,555
Interest coverage
31.76▲
2023 · -5.20
Debt ≤ 1 year
€282,976▼
2023 · €365,888
Debt > 1 year
€70,526▼
2023 · €102,040
Income taxes
€2,627▼
2023 · €20,199
Staff costs
€364▼
2023 · €433
Debt to equity is not shown because equity is negative. Debt divided by negative equity means nothing.
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Investments
| Item | 2020 | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|---|
| Tangible fixed assets | - | €5,391 | €9,680 | - | €16,483 |
| Depreciation and write-downs of the year | €42,682 | €30,539 | €7,562 | €9,072 | €6,931 |
Source: notes to the 2020 to 2024 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €156 | €6 | - | - | - |
| Remuneration, social security and pensions62 | - | - | - | - | - | €433 | €364 | ▼ 16.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €81,235 | €53,190 | €42,682 | €30,539 | €7,562 | €9,072 | €6,931 | ▼ 23.6% |
| Other operating charges640/8 | - | - | €1,248 | €8,327 | €9,536 | - | €498 | - |
| Non-recurring operating charges66A | - | - | - | - | €7,475 | €773 | €0 | ▼ 100% |
| Gross operating margin9900 | €128,802 | €85,981 | €24,189 | -€56,548 | -€39,667 | -€43,543 | €232,463 | - |
| Operating profit (loss)9901 | €23,298 | €7,646 | -€19,741 | -€95,414 | -€64,239 | -€53,822 | €224,670 | - |
| Financial income75/76B | - | - | - | €140 | €67 | - | €0 | - |
| Recurring financial income75 | - | - | - | €140 | €67 | - | €0 | - |
| Financial charges65/66B | - | - | €18,395 | €11,184 | €10,563 | €8,606 | €7,292 | ▼ 15.3% |
| Recurring financial charges65 | €18,072 | €15,608 | €18,395 | €11,184 | €10,563 | €8,606 | €7,292 | ▼ 15.3% |
| Profit (loss) for the period before taxes9903 | €5,226 | -€7,963 | -€38,136 | -€106,458 | -€74,735 | -€62,428 | €217,378 | - |
| Income taxes67/77 | - | - | - | €5,119 | €14,144 | €20,199 | €2,627 | ▼ 87.0% |
| Profit (loss) for the period9904 | €5,226 | -€7,963 | -€38,136 | -€111,577 | -€88,880 | -€82,627 | €214,751 | - |
| Profit (loss) for the period to be appropriated9905 | €5,226 | -€7,963 | -€38,136 | -€111,577 | -€88,880 | -€82,627 | €214,751 | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €714,909 | €662,438 | €652,992 | €517,310 | €322,713 | €74,620 | €174,945 | ▲ 134% |
| Fixed assets21/28 | €154,301 | €115,618 | €72,936 | €48,221 | €50,339 | €41,267 | €50,818 | ▲ 23.1% |
| Tangible fixed assets22/27 | €153,901 | €115,218 | €72,536 | €47,821 | €49,939 | €40,867 | €50,418 | ▲ 23.4% |
| Land and buildings22 | - | - | €61,789 | €37,040 | €34,335 | €31,753 | €29,171 | ▼ 8.1% |
| Plant, machinery and equipment23 | - | - | €1,546 | - | - | - | - | - |
| Furniture and vehicles24 | - | - | €9,201 | €10,781 | €15,604 | €9,114 | €21,247 | ▲ 133% |
| Financial fixed assets28 | €400 | €400 | €400 | €400 | €400 | €400 | €400 | = |
| Current assets29/58 | €560,608 | €546,820 | €580,056 | €469,090 | €272,374 | €33,353 | €124,127 | ▲ 272% |
| Stocks and contracts in progress3 | €30 | €30 | €30 | €30 | - | - | - | - |
| Stocks30/36 | - | - | €30 | €30 | - | - | - | - |
| Amounts receivable within one year40/41 | €557,051 | €535,368 | €580,025 | €465,510 | €271,401 | €30,007 | €123,861 | ▲ 313% |
| Trade receivables40 | - | - | €575,204 | €458,734 | €249,726 | €25,821 | €123,861 | ▲ 380% |
| Other amounts receivable41 | - | - | €4,821 | €6,776 | €21,674 | €4,186 | €0 | ▼ 100% |
| Cash at bank and in hand54/58 | €3,527 | €11,422 | €1 | €3,549 | €974 | €3,346 | €266 | ▼ 92.1% |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €714,909 | €662,438 | €652,992 | €517,310 | €322,713 | €74,620 | €174,945 | ▲ 134% |
| Equity10/15 | -€64,126 | -€72,088 | -€110,224 | -€221,801 | -€310,681 | -€393,308 | -€178,557 | ▲ 54.6% |
| Contributions10/11 | €61,977 | €61,977 | €61,977 | €61,977 | €61,977 | €61,977 | €61,977 | = |
| Capital10 | - | - | €61,977 | - | - | - | - | - |
| Issued capital100 | - | - | €61,977 | - | - | - | - | - |
| Contributions outside capital11 | - | - | - | €61,977 | €61,977 | €61,977 | €61,977 | = |
| Other1109/19 | - | - | - | €61,977 | €61,977 | €61,977 | €61,977 | = |
| Reserves13 | €54,382 | €54,382 | €54,382 | €54,382 | €54,382 | €54,382 | €54,382 | = |
| Non-distributable reserves130/1 | - | - | €6,198 | €6,198 | €6,198 | €6,198 | €6,198 | = |
| Legal reserve130 | - | - | €6,198 | - | - | - | - | - |
| Reserves not available under the articles1311 | - | - | - | €6,198 | €6,198 | €6,198 | €6,198 | = |
| Tax-exempt reserves132 | - | - | €48,185 | €48,185 | €48,185 | €48,185 | €48,185 | = |
| Profit (loss) carried forward14 | -€180,485 | -€188,447 | -€226,583 | -€338,160 | -€427,040 | -€509,667 | -€294,916 | ▲ 42.1% |
| Amounts payable17/49 | €779,035 | €734,526 | €763,217 | €739,111 | €633,394 | €467,928 | €353,502 | ▼ 24.5% |
| Amounts payable after more than one year17 | €219,939 | €194,651 | €187,414 | €160,407 | €131,974 | €102,040 | €70,526 | ▼ 30.9% |
| Financial debts170/4 | - | - | €187,414 | €160,407 | €131,974 | €102,040 | €70,526 | ▼ 30.9% |
| Amounts payable within one year42/48 | €559,096 | €539,875 | €575,802 | €578,705 | €501,421 | €365,888 | €282,976 | ▼ 22.7% |
| Current portion of amounts payable after more than one year42 | - | - | €25,655 | €28,979 | €30,401 | €31,899 | €33,477 | ▲ 4.9% |
| Financial debts43 | - | - | €80,200 | €75,000 | €75,000 | €75,000 | €75,000 | = |
| Credit institutions430/8 | - | - | €80,200 | €75,000 | €75,000 | €75,000 | €75,000 | = |
| Trade debts44 | €121,384 | €127,151 | €134,712 | €36,266 | - | - | - | - |
| Suppliers440/4 | - | - | €134,712 | €36,266 | - | - | - | - |
| Taxes, remuneration and social security45 | - | - | €43,624 | €33,797 | €62,293 | €106,652 | €165,885 | ▲ 55.5% |
| Taxes450/3 | - | - | €43,624 | €33,797 | €62,293 | €106,652 | €165,885 | ▲ 55.5% |
| Other amounts payable47/48 | - | - | €291,612 | €404,663 | €333,726 | €152,337 | €8,614 | ▼ 94.3% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €5,226 | -€7,963 | -€38,136 | -€111,577 | -€88,880 | -€82,627 | €214,751 | - |
| + Depreciation and write-downs630 | €81,235 | €53,190 | €42,682 | €30,539 | €7,562 | €9,072 | €6,931 | ▼ 23.6% |
| Operating cash flow (approximation) | €86,461 | €45,227 | €4,546 | -€81,038 | -€81,318 | -€73,555 | €221,682 | - |
| Investment in fixed assets (approximation) | - | -€14,507 | €0 | -€5,824 | -€9,680 | €0 | -€16,483 | - |
| Change in cash | - | €7,894 | -€11,421 | €3,548 | -€2,576 | €2,373 | -€3,080 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 3,794 companies had the same profile as AL POINT COM has now. Two years later, 91.5% were still going and 2.7% had gone bankrupt.
- Micro
- 20 years or older
- negative equity
- a profit of 5% of the balance sheet or more
91.5%
was still going
5.3%
stopped otherwise
2.7%
went bankrupt
Another 0.6% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of AL POINT COM itself: 1.5% within 12 months.
Test of the method
The method was tested on the 497,446 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 3,794 companies, not a prediction for AL POINT COM. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Latest 10 of 33 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2024 | micro format | 29-09-2025 | 2025-00521980 | |
| 31-12-2023 | micro format | 03-12-2024 | 2024-00610064 | |
| 31-12-2022 | micro format | 09-11-2023 | 2023-00509227 | |
| 31-12-2021 | micro format | 09-11-2023 | 2023-00509226 | |
| 31-12-2020 | micro format | 15-05-2023 | 2023-00086971 | |
| 31-12-2019 | micro format | 15-03-2021 | 2021-07600374 | |
| 31-12-2018 | micro format | 09-12-2019 | 2019-75700145 | |
| 31-12-2017 | micro format | 29-11-2018 | 2018-73300475 | |
| 31-12-2016 | micro format | 19-12-2017 | 2017-72500293 | |
| 31-12-2015 | full format | 29-08-2016 | 2016-52100439 |