AL2J
ActiveSummary
AL2J has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €319,376 and a net result of €44,208. Equity is growing by ~38.4% per year across the filed fiscal years. Its solvency ranks better than 95% of 11472 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.3% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability86▼-12
Solvency100=
Growth78=
Track record94
Bankruptcy probability, 12 months
1.3%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €25,000 at 30 days acceptable
Liquidity ample (current ratio 38.62 against 24.76 in 2024; short-term debt: 2.6% and cash: 94.1% of total assets), and 2.6% of the assets are financed with debt.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
97.4%
Return on assets
13.5%
Age of the figures
9 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Wholesale trade (NACE 46)
about 21% more bankruptcies
← fewer bankruptcies
more bankruptcies →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 02-07-2026, 29 days ahead of the deadline.
NBB · 5 filingsDeviation from the deadline
2025
29 d early
2024
28 d early
2023
240 d late
2022
73 d early
2021
86 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 5 accounts on average 5 days after the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 39% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
27-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€319,376▲ 16.1%
2024 · €275,169
Total assets
€327,830▲ 14.4%
2024 · €286,644
Net result
€44,208▼ 35.2%
2024 · €68,193
Working capital
€317,980▲ 16.6%
2024 · €272,691
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 46, Wholesale trade, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€13,485-€125,579▲ 831%€141,465▲ 12.6%€88,999▼ 37.1%€65,131▼ 26.8%
Net result€10,702within the sector's middle half-€98,110above the sector's middle half▲ 817%€98,772above the sector's middle half▲ 0.7%€68,193above the sector's middle half▼ 31.0%€44,208above the sector's middle half▼ 35.2%
Equity€12,702within the sector's middle half-€110,812within the sector's middle half▲ 772%€206,976above the sector's middle half▲ 86.8%€275,169above the sector's middle half▲ 32.9%€319,376above the sector's middle half▲ 16.1%
Total assets€22,767below the sector's middle half-€140,720within the sector's middle half▲ 518%€279,821within the sector's middle half▲ 98.8%€286,644within the sector's middle half▲ 2.4%€327,830within the sector's middle half▲ 14.4%
Debt€10,066-€29,908▲ 197%€72,845▲ 144%€11,475▼ 84.2%€8,454▼ 26.3%
Working capital€12,702-€108,704▲ 756%€203,939▲ 87.6%€272,691▲ 33.7%€317,980▲ 16.6%
Solvency55.8%within the sector's middle half-78.7%above the sector's middle half▲ 23.0pp74.0%above the sector's middle half▼ 4.8pp96.0%above the sector's middle half▲ 22.0pp97.4%above the sector's middle half▲ 1.4pp
above
within
below
the middle half (P25 to P75) of NACE 46, Wholesale trade, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2025 is 27% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €327,830
Fixed assets
€1,396 ▼ 43.7%
Current assets
€326,434 ▲ 14.9%
Equity and liabilities €327,830
Equity
€319,376 ▲ 16.1%
Debt
€8,454 ▼ 26.3%
Debt's share of the balance-sheet total falls from 4.0% to 2.6%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€66,212▼
2024 · €90,120
Cash flow
€45,289▼
2024 · €69,313
Current ratio
38.62▲
2024 · 24.76
Debt to equity
0.03▼
2024 · 0.04
ROE
13.8%▼
2024 · 24.8%
ROA
13.5%▼
2024 · 23.8%
Interest coverage
555.61▲
2024 · 44.66
Debt ≤ 1 year
€8,454▼
2024 · €11,475
Income taxes
€21,807▼
2024 · €25,723
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 26,964 companies that looked in July 2024 the way this one looks now, 1.5% went bankrupt within 24 months and 95% are still going.
- Micro
- 5 to 10 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
1.5%
went bankrupt
3.4%
stopped otherwise
95%
still going
A further 0.3% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 1.3% 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 26,964 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.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | €50 | €716 | €1,121 | €1,082 | ▼ 3.5% |
| Other operating charges640/8 | €50 | €156 | €917 | €407 | €420 | ▲ 3.0% |
| Gross operating margin9900 | €13,535 | €125,785 | €143,098 | €90,527 | €66,632 | ▼ 26.4% |
| Operating profit (loss)9901 | €13,485 | €125,579 | €141,465 | €88,999 | €65,131 | ▼ 26.8% |
| Financial income75/76B | - | - | €0 | €6,934 | €1,003 | ▼ 85.5% |
| Recurring financial income75 | - | - | €0 | €6,934 | €1,003 | ▼ 85.5% |
| Financial charges65/66B | - | €698 | €123 | €2,018 | €119 | ▼ 94.1% |
| Recurring financial charges65 | - | €698 | €123 | €2,018 | €119 | ▼ 94.1% |
| Profit (loss) for the period before taxes9903 | €13,485 | €124,881 | €141,342 | €93,916 | €66,015 | ▼ 29.7% |
| Income taxes67/77 | €2,783 | €26,771 | €42,570 | €25,723 | €21,807 | ▼ 15.2% |
| Profit (loss) for the period9904 | €10,702 | €98,110 | €98,772 | €68,193 | €44,208 | ▼ 35.2% |
| Profit (loss) for the period to be appropriated9905 | €10,702 | €98,110 | €98,772 | €68,193 | €44,208 | ▼ 35.2% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €22,767 | €140,720 | €279,821 | €286,644 | €327,830 | ▲ 14.4% |
| Fixed assets21/28 | - | €2,108 | €3,037 | €2,477 | €1,396 | ▼ 43.7% |
| Tangible fixed assets22/27 | - | €2,108 | €3,037 | €2,477 | €1,396 | ▼ 43.7% |
| Plant, machinery and equipment23 | - | €1,890 | €1,511 | €1,588 | €1,097 | ▼ 30.9% |
| Furniture and vehicles24 | - | €218 | €1,526 | €890 | €299 | ▼ 66.4% |
| Current assets29/58 | €22,767 | €138,612 | €276,784 | €284,167 | €326,434 | ▲ 14.9% |
| Amounts receivable within one year40/41 | €6,520 | €31,558 | €25,843 | €28,367 | €17,869 | ▼ 37.0% |
| Trade receivables40 | €6,520 | €30,372 | €25,567 | €26,607 | €15,837 | ▼ 40.5% |
| Other amounts receivable41 | - | €1,186 | €276 | €1,761 | €2,032 | ▲ 15.4% |
| Current investments50/53 | - | - | €225,000 | - | - | - |
| Cash at bank and in hand54/58 | €15,512 | €106,182 | €24,706 | €255,799 | €308,565 | ▲ 20.6% |
| Deferred charges and accrued income490/1 | €735 | €872 | €1,235 | - | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €22,767 | €140,720 | €279,821 | €286,644 | €327,830 | ▲ 14.4% |
| Equity10/15 | €12,702 | €110,812 | €206,976 | €275,169 | €319,376 | ▲ 16.1% |
| Contributions10/11 | €2,000 | €2,000 | €2,000 | €2,000 | €2,000 | = |
| Reserves13 | - | - | €98,000 | €163,000 | €207,000 | ▲ 27.0% |
| Distributable reserves133 | - | - | €98,000 | €163,000 | €207,000 | ▲ 27.0% |
| Profit (loss) carried forward14 | €10,702 | €108,812 | €106,976 | €110,169 | €110,376 | ▲ 0.2% |
| Amounts payable17/49 | €10,066 | €29,908 | €72,845 | €11,475 | €8,454 | ▼ 26.3% |
| Amounts payable within one year42/48 | €10,066 | €29,908 | €72,845 | €11,475 | €8,454 | ▼ 26.3% |
| Current portion of amounts payable after more than one year42 | - | - | €1,117 | €1,675 | €1,547 | ▼ 7.6% |
| Financial debts43 | - | €1,350 | - | - | - | - |
| Credit institutions430/8 | - | €1,350 | - | - | - | - |
| Trade debts44 | €4,187 | €1,345 | €1,904 | - | €400 | - |
| Suppliers440/4 | €4,187 | €1,345 | €1,904 | - | €400 | - |
| Taxes, remuneration and social security45 | €3,299 | €27,214 | €68,471 | €9,800 | €6,506 | ▼ 33.6% |
| Taxes450/3 | €3,299 | €27,214 | €68,471 | €9,800 | €6,506 | ▼ 33.6% |
| Other amounts payable47/48 | €2,580 | - | €1,353 | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €10,702 | €98,110 | €98,772 | €68,193 | €44,208 | ▼ 35.2% |
| + Depreciation and write-downs630 | - | €50 | €716 | €1,121 | €1,082 | ▼ 3.5% |
| Operating cash flow (approximation) | €10,702 | €98,160 | €99,488 | €69,313 | €45,289 | ▼ 34.7% |
| Investment in fixed assets (approximation) | - | - | -€1,645 | -€561 | €0 | ▲ 100% |
| Change in cash | - | €90,670 | -€81,477 | €231,093 | €52,766 | ▼ 77.2% |
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
Next filing, fiscal year 2026, expected by
2026
02-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
03-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
28-03
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 240 days late
2024
31-12
Financial
Liquidity times 7current ratio 24.76
Current ratio from 3.80 to 24.76; short-term debt falls from €72,845 to €11,475.
2023
31-12
Financial
Highest result since 2021net €98,772 ▲0.7%
Operating result €141,465, net result €98,772, both a record.
31-12
Financial
Equity above €200,000Eq €206,976 ▲86.8%
3 profitable years in a row build equity to €206,976.
19-05
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Liquidity doublescurrent ratio 4.63
Current ratio from 2.26 to 4.63.
31-12
Financial
Equity above €100,000Eq €110,812 ▲772%
2 profitable years in a row build equity to €110,812.
06-05
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Wavre · 1 establishment unit since 2021
Ground area
323 m²
Building footprint
212 m²
Parcel 25006B0156/00P000, Wallonia. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
AL2J
since 20212.320.352.440
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25006B0156/00P000 | Wallonia | 323 m² | 1 · 212 m² | - |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
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VDE
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MARMAG
BE 0740.501.661
Lummen · Eq €318,523
NIDECK SALES and CONSULTING
BE 0461.547.576
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NEVEST
BE 0459.488.703
Diest · Eq €318,169
Of 6,146 companies in sector 46190 we hold annual accounts for 2,570. 1,721 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded27-07-2021
Fiscal year end31-12
Activities, NACEBEL 2025
46190Agents in non-specialised wholesale trade
Contact
E-mail
Didier.vandenbranden@gmail.com
Phone
+32475482873
E-invoicing
Reachable via Peppol
Peppol ID
0208:0771747440
Registered
22-12-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.