ALAF
ActiveSummary
The annual accounts of ALAF for fiscal year 2025 show a net loss of 65% of total assets and of 65% of the equity at the start of that year. The 2025 annual accounts show equity of €67,252 and a net result of -€126,590. Equity remains stable across the filed fiscal years (±0.6% per year). Its solvency ranks better than 51% of 18626 sector peers (fiscal year 2025). The company has been active since 1982 and the Belgian State Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability0▼-20
Solvency60▼-27
Growth32▼-20
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2,500 at 30 days only on tighter terms
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity ample (current ratio 1.53 against 2.61 in 2024; short-term debt: 65.3% and cash: 2% of total assets), but 65.3% 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
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Retail trade (NACE 47)
about 45% more bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
34.7%
Return on assets
-65.3%
Age of the figures
12 mo
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year -€126,590
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 24-03-2026, 37 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
37 d early
2024
44 d early
2023
43 d early
2022
32 d early
2021
33 d early
2020
52 d early
2019
52 d early
← 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 42 days before the deadline; the sector median for financial year 2024 is on the deadline day, and 47% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today. Usually files around 24 March (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
29-09-2026 today30-09-2026 close30-04-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€67,252▼ 65.3%
2024 · €193,842
Total assets
€193,737▼ 38.3%
2024 · €313,969
Net result
-€126,590▼ 489%
2024 · -€21,507
Working capital
€67,202▼ 65.3%
2024 · €193,792
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 47, Retail 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€3,978€58,608▲ 1,373%€3,878▼ 93.4%-€21,479-€126,422▼ 489%
Net result€3,922within the sector's middle half€43,725above the sector's middle half▲ 1,015%€2,264within the sector's middle half▼ 94.8%-€21,507below the sector's middle half-€126,590below the sector's middle half▼ 489%
Equity€169,360above the sector's middle half▲ 2.4%€213,085above the sector's middle half▲ 25.8%€215,349above the sector's middle half▲ 1.1%€193,842above the sector's middle half▼ 10.0%€67,252within the sector's middle half▼ 65.3%
Total assets€214,648within the sector's middle half▼ 5.8%€312,815within the sector's middle half▲ 45.7%€320,303within the sector's middle half▲ 2.4%€313,969within the sector's middle half▼ 2.0%€193,737within the sector's middle half▼ 38.3%
Debt€45,287▼ 27.5%€99,730▲ 120%€104,954▲ 5.2%€120,127▲ 14.5%€126,485▲ 5.3%
Working capital€169,310above the sector's middle half▼ 5.2%€213,463above the sector's middle half▲ 26.1%€215,884above the sector's middle half▲ 1.1%€193,792above the sector's middle half▼ 10.2%€67,202within the sector's middle half▼ 65.3%
Solvency78.9%above the sector's middle half▲ 6.3pp68.1%above the sector's middle half▼ 10.8pp67.2%above the sector's middle half▼ 0.9pp61.7%within the sector's middle half▼ 5.5pp34.7%within the sector's middle half▼ 27.0pp
Current ratio4.74above the sector's middle half▲ 0.123.15above the sector's middle half▼ 1.593.07above the sector's middle half▼ 0.082.61within the sector's middle half▼ 0.461.53within the sector's middle half▼ 1.08
Return on assets (ROA)1.8%within the sector's middle half▲ 10.2pp14.0%above the sector's middle half▲ 12.2pp0.7%within the sector's middle half▼ 13.3pp-6.9%below the sector's middle half▼ 7.6pp-65.3%below the sector's middle half▼ 58.5pp
above
within
below
the middle half (P25 to P75) of NACE 47, Retail 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 stays negative: a loss of €126,422 in 2025 against €21,479 in 2024; the loss grows and 2025 has the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €193,737
Fixed assets
€50 =
Current assets
€193,687 ▼ 38.3%
Equity and liabilities €193,737
Equity
€67,252 ▼ 65.3%
Debt
€126,485 ▲ 5.3%
Debt's share of the balance-sheet total rises from 38.3% to 65.3%. Equity is lower and debt is higher.
Key figures and ratios
Debt to equity
1.88▲
2024 · 0.62
ROE
-188.2%▼
2024 · -11.1%
Debt ≤ 1 year
€126,485▲
2024 · €120,127
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 5,834 companies that looked in July 2024 the way this one looks now, 1.7% went bankrupt within 24 months and 84% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a loss of 10% of the balance sheet or more
1.7%
went bankrupt
13%
stopped otherwise
84%
still going
A further 0.4% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.6% 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 5,834 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 |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €413 | - | €938 | - | - |
| Other operating charges640/8 | - | €643 | €604 | €650 | €1,470 | ▲ 126% |
| Gross operating margin9900 | €6,241 | €59,250 | €4,482 | -€20,829 | -€124,952 | ▼ 500% |
| Operating profit (loss)9901 | €3,978 | €58,608 | €3,878 | -€21,479 | -€126,422 | ▼ 489% |
| Financial income75/76B | - | - | - | €0 | €40 | ▲ 22,300% |
| Recurring financial income75 | - | - | - | €0 | €40 | ▲ 22,300% |
| Financial charges65/66B | - | €186 | €798 | €28 | €209 | ▲ 635% |
| Recurring financial charges65 | €56 | €186 | €798 | €28 | €209 | ▲ 635% |
| Profit (loss) for the period before taxes9903 | €3,922 | €58,422 | €3,079 | -€21,507 | -€126,590 | ▼ 489% |
| Income taxes67/77 | - | €14,697 | €815 | - | - | - |
| Profit (loss) for the period9904 | €3,922 | €43,725 | €2,264 | -€21,507 | -€126,590 | ▼ 489% |
| Profit (loss) for the period to be appropriated9905 | €3,922 | €43,725 | €2,264 | -€21,507 | -€126,590 | ▼ 489% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €214,648 | €312,815 | €320,303 | €313,969 | €193,737 | ▼ 38.3% |
| Fixed assets21/28 | €50 | €50 | €50 | €50 | €50 | = |
| Financial fixed assets28 | €50 | €50 | €50 | €50 | €50 | = |
| Current assets29/58 | €214,598 | €312,765 | €320,253 | €313,919 | €193,687 | ▼ 38.3% |
| Amounts receivable within one year40/41 | €182,436 | €292,923 | €253,064 | €297,146 | €189,787 | ▼ 36.1% |
| Trade receivables40 | - | €12,978 | €13,594 | €148,727 | €71,247 | ▼ 52.1% |
| Other amounts receivable41 | - | €279,944 | €239,470 | €148,419 | €118,540 | ▼ 20.1% |
| Cash at bank and in hand54/58 | €15,373 | €19,843 | €3,389 | €16,773 | €3,900 | ▼ 76.7% |
| Deferred charges and accrued income490/1 | - | - | €63,800 | - | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €214,648 | €312,815 | €320,303 | €313,969 | €193,737 | ▼ 38.3% |
| Equity10/15 | €169,360 | €213,085 | €215,349 | €193,842 | €67,252 | ▼ 65.3% |
| Contributions10/11 | - | €74,400 | €74,400 | €74,400 | €74,400 | = |
| Outside capital11 | - | €74,400 | €74,400 | €74,400 | €74,400 | = |
| Other1109/19 | - | €74,400 | €74,400 | €74,400 | €74,400 | = |
| Reserves13 | €110,046 | €138,685 | €140,949 | €119,442 | €119,442 | = |
| Non-distributable reserves130/1 | - | €7,437 | €7,437 | - | - | - |
| Reserves not available under the articles1311 | - | €7,437 | €7,437 | - | - | - |
| Tax-exempt reserves132 | - | €10,412 | €10,412 | €10,412 | €10,412 | = |
| Distributable reserves133 | - | €120,837 | €123,101 | €109,031 | €109,031 | = |
| Profit (loss) carried forward14 | -€15,086 | - | - | - | -€126,590 | - |
| Amounts payable17/49 | €45,287 | €99,730 | €104,954 | €120,127 | €126,485 | ▲ 5.3% |
| Amounts payable within one year42/48 | €45,287 | €99,302 | €104,369 | €120,127 | €126,485 | ▲ 5.3% |
| Trade debts44 | €1,729 | €1,689 | €4,335 | €8,374 | €4,352 | ▼ 48.0% |
| Suppliers440/4 | - | €1,689 | €4,335 | €8,374 | €4,352 | ▼ 48.0% |
| Taxes, remuneration and social security45 | - | €14,697 | €4,808 | €970 | €200 | ▼ 79.4% |
| Taxes450/3 | - | €14,697 | €2,958 | €970 | €200 | ▼ 79.4% |
| Remuneration and social security454/9 | - | - | €1,850 | - | - | - |
| Other amounts payable47/48 | - | €82,916 | €95,226 | €110,782 | €121,933 | ▲ 10.1% |
| Accrued charges and deferred income492/3 | - | €428 | €585 | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €3,922 | €43,725 | €2,264 | -€21,507 | -€126,590 | ▼ 489% |
| Operating cash flow (approximation) | €3,922 | €43,725 | €2,264 | -€21,507 | -€126,590 | ▼ 489% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | €0 | - |
| Change in cash | - | €4,470 | -€16,454 | €13,384 | -€12,873 | ▼ 196% |
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
24-03
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
30-09
Financial
Weakest financial yearnet -€126,590
Net result drops to -€126,590, the lowest in the series.
17-03
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
18-03
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
29-03
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
30-09
Financial
Equity above €200,000Eq €213,085 ▲25.8%
2 profitable years in a row build equity to €213,085.
28-03
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
30-09
Financial
Back to profitnet €3,922
Net result €3,922 after one loss-making year.
09-03
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
09-03
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
11-03
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
06-03
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
28-03
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 14 acts read
About the unread acts
We know of 14 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
14 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, Erpe-Mere · 1 establishment unit since 1982
Ground area
2,710 m²
Building footprint
281 m²
Volume, LiDAR
1,072 m³
Parcel 41040B1032/02B000, Flanders · tallest building 6.2 m, ±1 floor. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
Alaf
since 19822.021.192.364
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 41040B1032/02B000 | Flanders | 2,709 m² | 1 · 281 m² | 6.2 m · 1 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.
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Of 764 companies in sector 47552 we hold annual accounts for 444. 351 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
Founded28-09-1982
Fiscal year end30-09
Activities, NACEBEL 2025
47552Retail sale of lighting equipment
43211General electrical installation work
47551Retail sale of household furniture
E-invoicing
Reachable via Peppol
Peppol ID
0208:0423116077
Also
9925:BE0423116077
Registered
25-09-2025
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.