Equity
Equity fell by 46% in 18 years.
Equity fell by 46% in 18 years.
Debts rose by €146,189 in 2025.
Green is investment, beige is depreciation. Land and buildings stand 164.6% higher than in 2024.
Short-term debts rose from €42,121 to €188,310.
Nine of the last ten came late. The 2019 accounts came latest: 67 days after the end of the period.
Merger with IMMO GILLES JUNIOR. Merger on 15-07-2024.
The dashed line is the sector median: 0.6% across 40,278 companies (NACE 47, micro).
About 9 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 47, micro). It does better than 92% of them on solvency, 43% on liquidity, 64% on profitability and 59% on growth.
The bankruptcy probability was computed on 04-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the low class on 30-06-2025, 0.8% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
In July 2024, 20,136 companies had the same profile as Alaline has now. Each dot stands for 51 companies, two years later.
The bankruptcy probability of Alaline itself is higher: 0.9% within 12 months. It rests on far more data about Alaline than the profile alone.
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 20,136 companies, not a prediction for Alaline. 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.
Liquidity is tight, with a current ratio of 1.29 (11.37 in 2024), below the usual 1.5. Short-term debt is 19.3% and cash 0% of total assets. 24.9% of the assets are financed with debt and provisions.
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
The company filed its last 7 accounts on average 36 days after the deadline. In the sector (NACE 47), the median for financial year 2024 was on the deadline day, and 47% of those companies filed late.
| Company | Total assets | Gross margin | Solvency | Staff |
|---|---|---|---|---|
| Alaline Willebroek | €1.0m | €73,894 | 75.1% | - |
| CYKAM Anderlecht | €1.2m | €72,097 | 36.7% | - |
| INTER KREA Kapellen | €1.4m | €79,980 | 7.1% | - |
| GRANDIOOS Bonheiden | €1.2m | €59,879 | 46.6% | - |
| IMAGINE L Antwerp | €1.1m | €80,710 | 15.5% | - |
| SUDDLE ENTREPRISE Antwerp | €1.0m | €95,942 | 13.8% | - |
| MAAN Mechelen | €0.7m | €69,721 | 48.0% | - |
These companies have the same main activity as Alaline: retail sale of clothing and accessories for women, men, children and babies (general range) (NACE 47716). They are comparable in size and age: total assets between €685,000 and €1.4m, founded between 1990 and 2004.
Alaline files the abbreviated format. That format states no turnover. The gross margin rose from €14,797 in 2006 to €73,894 in 2025.
The balance sheet grew most from 2007 to 2008 through fixed assets, financed with long-term debt.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
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