AL35
ActiveSummary
AL35 has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €76,947 and a net result of €58,704. Equity is growing by ~2.7% per year across the filed fiscal years. The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability71▲+55
Solvency33▲+6
Growth78▲+46
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €5,000 at 30 days acceptable
Liquidity short (current ratio 0.09 against 0.08 in 2023; short-term debt: 30.2% and cash: 0.4% of total assets), and 92% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Real estate activities (NACE 68)
about 43% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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
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 22-06-2026, 39 days ahead of the deadline.
NBB · 7 filingsDeviation from the deadline
2025
39 d early
2024
18 d late
2023
14 d early
2022
on the day
2021
66 d late
2020
34 d late
2019
91 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 22 days after the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 36% 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. Usually files around 31 July (4 of the last 5 filed years within 39 days of that day).
Companies Code · seven monthsPosition in the running window
29-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2024, micro schema
Equity
€76,947▲ 208%
2023 · €25,017
Total assets
€964,606▼ 3.7%
2023 · €1.0m
Net result
€58,704
2023 · -€31,997
Working capital
-€263,507▲ 46.7%
2023 · -€494,499
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 68, Real estate activities, 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
Line20202021202220232024
Operating result€24,442▼ 28.9%€22,906▼ 6.3%€1,945▼ 91.5%-€13,394€96,820
Net result€3,928within the sector's middle half▲ 129%€4,019within the sector's middle half▲ 2.3%-€14,650below the sector's middle half-€31,997below the sector's middle half▼ 118%€58,704above the sector's middle half
Equity€67,646within the sector's middle half▲ 6.2%€71,664within the sector's middle half▲ 5.9%€57,015below the sector's middle half▼ 20.4%€25,017below the sector's middle half▼ 56.1%€76,947within the sector's middle half▲ 208%
Total assets€1.2mabove the sector's middle half▼ 1.6%€1.1mabove the sector's middle half▼ 2.0%€1.1mwithin the sector's middle half▼ 2.2%€1.0mwithin the sector's middle half▼ 9.8%€964,606within the sector's middle half▼ 3.7%
Debt€1.1m▼ 2.0%€1.1m▼ 2.5%€1.1m▼ 0.9%€976,534▼ 7.3%€887,659▼ 9.1%
Working capital-€901,886below the sector's middle half▲ 1.8%-€904,651below the sector's middle half▼ 0.3%-€910,675below the sector's middle half▼ 0.7%-€494,499below the sector's middle half▲ 45.7%-€263,507below the sector's middle half▲ 46.7%
Solvency5.8%below the sector's middle half▲ 0.4pp6.3%within the sector's middle half▲ 0.5pp5.1%below the sector's middle half▼ 1.2pp2.5%below the sector's middle half▼ 2.6pp8.0%within the sector's middle half▲ 5.5pp
Current ratio0.17below the sector's middle half=0.15below the sector's middle half▼ 0.020.14below the sector's middle half▼ 0.010.08below the sector's middle half▼ 0.060.09below the sector's middle half▲ 0.02
Return on assets (ROA)0.3%within the sector's middle half▲ 0.2pp0.4%within the sector's middle half=-1.3%below the sector's middle half▼ 1.7pp-3.2%below the sector's middle half▼ 1.9pp6.1%within the sector's middle half▲ 9.3pp
above
within
below
the middle half (P25 to P75) of NACE 68, Real estate activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2024: €96,820 after a loss of €13,394 in 2023, the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €964,606
Fixed assets
€937,204 ▼ 2.4%
Current assets
€27,402 ▼ 34.3%
Equity and liabilities €964,606
Equity
€76,947 ▲ 208%
Debt
€887,659 ▼ 9.1%
Debt's share of the balance-sheet total falls from 97.5% to 92.0%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€111,443▲
2023 · €3,684
Cash flow
€73,327▲
2023 · -€14,920
Debt to equity
11.54▼
2023 · 39.03
ROE
76.3%▲
2023 · -127.9%
Interest coverage
5.40▲
2023 · 0.20
Debt ≤ 1 year
€290,909▼
2023 · €536,224
Debt > 1 year
€596,750▲
2023 · €440,310
Income taxes
€17,476▲
2023 · €0
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 875 companies that looked in July 2024 the way this one looks now, 1.4% went bankrupt within 24 months and 97% are still going.
- Small
- 5 to 10 years old
- solvency under 10%
- a profit of 5% of the balance sheet or more
1.4%
went bankrupt
1.9%
stopped otherwise
97%
still going
A further 0.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.3% 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 497,338 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.9% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
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 875 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 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €14,735 | €15,836 | €16,626 | €17,077 | €14,623 | ▼ 14.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | €21,130 | €0 | €7,318 | €0 | ▼ 100% |
| Other operating charges640/8 | - | €969 | €1,029 | €1,116 | €13,003 | ▲ 1,065% |
| Gross operating margin9900 | €39,625 | €60,841 | €19,600 | €12,117 | €124,446 | ▲ 927% |
| Operating profit (loss)9901 | €24,442 | €22,906 | €1,945 | -€13,394 | €96,820 | ▲ 823% |
| Financial income75/76B | - | €32 | €42 | €0 | - | - |
| Recurring financial income75 | - | €32 | €42 | €0 | - | - |
| Financial charges65/66B | - | €17,590 | €16,739 | €18,604 | €20,640 | ▲ 10.9% |
| Recurring financial charges65 | €19,095 | €17,590 | €16,739 | €18,604 | €20,640 | ▲ 10.9% |
| Profit (loss) for the period before taxes9903 | €5,348 | €5,348 | -€14,752 | -€31,997 | €76,180 | ▲ 338% |
| Income taxes67/77 | €1,420 | €1,329 | -€102 | €0 | €17,476 | - |
| Profit (loss) for the period9904 | €3,928 | €4,019 | -€14,650 | -€31,997 | €58,704 | ▲ 283% |
| Profit (loss) for the period to be appropriated9905 | €3,928 | €4,019 | -€14,650 | -€31,997 | €58,704 | ▲ 283% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.2m | €1.1m | €1.1m | €1.0m | €964,606 | ▼ 3.7% |
| Fixed assets21/28 | €973,241 | €976,315 | €967,690 | €959,826 | €937,204 | ▼ 2.4% |
| Tangible fixed assets22/27 | €973,241 | €976,315 | €959,690 | €951,826 | €937,204 | ▼ 1.5% |
| Land and buildings22 | - | €960,237 | €945,328 | €930,419 | €917,995 | ▼ 1.3% |
| Plant, machinery and equipment23 | - | €16,079 | €14,362 | €21,407 | €19,208 | ▼ 10.3% |
| Financial fixed assets28 | - | - | €8,000 | €8,000 | €0 | ▼ 100% |
| Current assets29/58 | €184,762 | €158,609 | €142,832 | €41,725 | €27,402 | ▼ 34.3% |
| Amounts receivable within one year40/41 | €184,130 | €143,500 | €140,817 | €37,579 | €22,393 | ▼ 40.4% |
| Trade receivables40 | - | €143,500 | €140,817 | €33,911 | €1,043 | ▼ 96.9% |
| Other amounts receivable41 | - | - | - | €3,669 | €21,350 | ▲ 482% |
| Cash at bank and in hand54/58 | €632 | €14,260 | €1,088 | €3,142 | €3,965 | ▲ 26.2% |
| Deferred charges and accrued income490/1 | - | €850 | €927 | €1,003 | €1,044 | ▲ 4.0% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.2m | €1.1m | €1.1m | €1.0m | €964,606 | ▼ 3.7% |
| Equity10/15 | €67,646 | €71,664 | €57,015 | €25,017 | €76,947 | ▲ 208% |
| Contributions10/11 | €62,000 | €62,000 | €62,000 | €62,000 | €61,500 | ▼ 0.8% |
| Capital10 | - | €62,000 | €62,000 | €62,000 | €61,500 | ▼ 0.8% |
| Issued capital100 | - | €62,000 | €62,000 | €62,000 | €61,500 | ▼ 0.8% |
| Reserves13 | €540 | €540 | €741 | €741 | €1,408 | ▲ 90.1% |
| Non-distributable reserves130/1 | - | €540 | €741 | €741 | €1,408 | ▲ 90.1% |
| Legal reserve130 | - | €540 | €741 | €741 | €1,408 | ▲ 90.1% |
| Profit (loss) carried forward14 | €5,106 | €9,124 | -€5,726 | -€37,724 | €14,039 | ▲ 137% |
| Amounts payable17/49 | €1.1m | €1.1m | €1.1m | €976,534 | €887,659 | ▼ 9.1% |
| Amounts payable after more than one year17 | - | - | - | €440,310 | €596,750 | ▲ 35.5% |
| Financial debts170/4 | - | - | - | €440,310 | €596,750 | ▲ 35.5% |
| Amounts payable within one year42/48 | €1.1m | €1.1m | €1.1m | €536,224 | €290,909 | ▼ 45.7% |
| Current portion of amounts payable after more than one year42 | - | - | - | €42,549 | €43,560 | ▲ 2.4% |
| Financial debts43 | - | €765,018 | €724,420 | €200,000 | €0 | ▼ 100% |
| Credit institutions430/8 | - | €765,018 | €724,420 | €200,000 | €0 | ▼ 100% |
| Trade debts44 | €4,777 | €20,775 | €134,613 | €21,588 | €883 | ▼ 95.9% |
| Suppliers440/4 | - | €20,775 | €134,613 | €21,588 | €883 | ▼ 95.9% |
| Taxes, remuneration and social security45 | - | €1,340 | €0 | €21,318 | €21,437 | ▲ 0.6% |
| Taxes450/3 | - | €1,340 | €0 | €21,318 | €21,437 | ▲ 0.6% |
| Other amounts payable47/48 | - | €276,128 | €194,474 | €250,769 | €225,030 | ▼ 10.3% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €3,928 | €4,019 | -€14,650 | -€31,997 | €58,704 | ▲ 283% |
| + Depreciation and write-downs630 | €14,735 | €15,836 | €16,626 | €17,077 | €14,623 | ▼ 14.4% |
| Operating cash flow (approximation) | €18,663 | €19,855 | €1,976 | -€14,920 | €73,327 | ▲ 591% |
| Investment in fixed assets (approximation) | - | -€18,911 | -€8,000 | -€9,214 | €8,000 | ▲ 187% |
| Change in cash | - | €13,628 | -€13,172 | €2,054 | €823 | ▼ 59.9% |
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
22-06
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
18-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 18 days late
2024
31-12
Financial
Back to profitnet €58,704
Net result €58,704 after 2 loss-making years.
17-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Weakest financial yearnet -€31,997
Net result drops to -€31,997, the lowest in the series; recovery starts the following year.
31-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
05-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 66 days late
2021
03-09
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 34 days late
2020
30-10
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 91 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 9 acts read
About the unread acts
We know of 9 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
9 acts for this company are 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, Antwerpen · 1 establishment unit since 2024
Ground area
318 m²
Building footprint
176 m²
Volume, LiDAR
2,617 m³
Parcel 11811L3587/00W003, Flanders · tallest building 21.2 m, ±6 floors. Linked by address, not a title deed.
4
companies at this address
See who is registered here
1 establishment unit
Amerikalei 35, 2000 Antwerpen
since 20242.371.096.803
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11811L3587/00W003 | Flanders | 318 m² | 1 · 176 m² | 21.2 m · 6 fl. |
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.
Structure & network
Owners and holdings
2 ownersOwners 2
-
25%
-
25%
Holdings 0
No holding stated in the accounts, acts or LEI register we read.
According to the annual accounts of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
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Of 9,144 companies in sector 68201 we hold annual accounts for 6,775. 3,892 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded28-06-2018
Fiscal year end31-12
Activities, NACEBEL 2025
68201Renting and operating of own or leased residential real estate, excluding social housing
70200Business and other management consultancy
E-invoicing
Reachable via Peppol
Peppol ID
0208:0698889948
Registered
16-09-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.