ALAN
ActiveSummary
ALAN has been active since 1990 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €700,805 and a net result of €81,974. Equity is growing by ~18.8% per year across the filed fiscal years. Its solvency ranks better than 85% of 37951 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability79▼-10
Solvency95▼-5
Growth54=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €55,000 at 30 days acceptable
Liquidity ample (current ratio 2.06 against 10.67 in 2024; short-term debt: 25.2% and cash: 5.5% of total assets), and 29.7% 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 · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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
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
70.3%
Return on assets
8.2%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 23-09-2026, 54 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
54 d late
2024
29 d late
2023
61 d late
2022
87 d late
2021
92 d late
2020
130 d late
2019
119 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 82 days after the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 32% 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
26-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Turnover
€271,183▼ 28.9%
2022 · €381,544
EBIT margin
34.7%▲ 3.6pp
2022 · 31.2%
Net result
€81,974▼ 43.6%
2024 · €145,374
Working capital
€265,108▼ 32.8%
2024 · €394,692
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Turnover€405,644▼ 25.5%€381,544▼ 5.9%€271,183▼ 28.9%
Operating result€155,398▼ 51.5%€118,996▼ 23.4%€94,230▼ 20.8%€215,712▲ 129%€123,245▼ 42.9%
Net result€106,624▼ 65.6%€80,329▼ 24.7%€63,568▼ 20.9%€145,374▲ 129%€81,974▼ 43.6%
EBIT margin38.3%▼ 20.5pp31.2%▼ 7.1pp34.7%▲ 3.6pp
Equity€497,685▲ 27.3%€578,014▲ 16.1%€641,582▲ 11.0%€786,956▲ 22.7%€700,805▼ 10.9%
Total assets€728,219▲ 38.6%€685,713▼ 5.8%€708,760▲ 3.4%€901,419▲ 27.2%€996,756▲ 10.6%
Debt€230,534▲ 71.7%€107,699▼ 53.3%€67,178▼ 37.6%€114,463▲ 70.4%€295,951▲ 159%
Working capital€123,550€169,770▲ 37.4%€240,898▲ 41.9%€394,692▲ 63.8%€265,108▼ 32.8%
Staff (FTE)
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 43% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €996,756
Fixed assets
€480,695 ▲ 3.2%
Current assets
€516,061 ▲ 18.5%
Equity and liabilities €996,756
Equity
€700,805 ▼ 10.9%
Debt
€295,951 ▲ 159%
Debt's share of the balance-sheet total rises from 12.7% to 29.7%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€152,006▼
2024 · €246,396
Cash flow
€110,735▼
2024 · €176,058
Current ratio
2.06▼
2024 · 10.67
Debt to equity
0.42▲
2024 · 0.15
ROE
11.7%▼
2024 · 18.5%
ROA
8.2%▼
2024 · 16.1%
Interest coverage
41.75▼
2024 · 79.48
Debt ≤ 1 year
€250,953▲
2024 · €40,837
Debt > 1 year
€42,092▼
2024 · €66,805
Income taxes
€37,630▼
2024 · €67,238
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | €405,644 | €381,544 | €271,183 | - | - | - |
| Goods, raw materials, services and sundry goods60/61 | €234,240 | €234,076 | €235,179 | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €15,626 | €27,984 | €28,584 | €30,684 | €28,761 | ▼ 6.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | -€87,400 | €27,400 | €60,000 | ▲ 119% |
| Other operating charges640/8 | €380 | €488 | €590 | €49,968 | €3,094 | ▼ 93.8% |
| Gross operating margin9900 | €171,404 | €147,468 | €36,004 | €323,764 | €215,100 | ▼ 33.6% |
| Operating profit (loss)9901 | €155,398 | €118,996 | €94,230 | €215,712 | €123,245 | ▼ 42.9% |
| Financial income75/76B | €34 | - | - | - | - | - |
| Recurring financial income75 | €34 | - | - | - | - | - |
| Financial charges65/66B | €1,622 | €2,842 | €1,321 | €3,100 | €3,641 | ▲ 17.5% |
| Recurring financial charges65 | €1,622 | €2,842 | €1,321 | €3,100 | €3,641 | ▲ 17.5% |
| Profit (loss) for the period before taxes9903 | €153,810 | €116,154 | €92,909 | €212,612 | €119,604 | ▼ 43.7% |
| Income taxes67/77 | €47,186 | €35,825 | €29,341 | €67,238 | €37,630 | ▼ 44.0% |
| Profit (loss) for the period9904 | €106,624 | €80,329 | €63,568 | €145,374 | €81,974 | ▼ 43.6% |
| Transfer from tax-exempt reserves789 | €8,256 | €8,008 | €7,768 | €8,256 | €8,256 | = |
| Profit (loss) for the period to be appropriated9905 | €114,880 | €88,337 | €71,336 | €153,630 | €90,230 | ▼ 41.3% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €728,219 | €685,713 | €708,760 | €901,419 | €996,756 | ▲ 10.6% |
| Fixed assets21/28 | €470,615 | €452,631 | €425,532 | €465,890 | €480,695 | ▲ 3.2% |
| Tangible fixed assets22/27 | €470,615 | €452,631 | €425,532 | €465,890 | €480,695 | ▲ 3.2% |
| Land and buildings22 | €366,047 | €354,450 | €342,852 | €397,049 | €385,452 | ▼ 2.9% |
| Plant, machinery and equipment23 | €608 | €355 | €1,394 | €2,325 | €45,454 | ▲ 1,855% |
| Furniture and vehicles24 | €103,960 | €97,826 | €81,286 | €66,516 | €49,789 | ▼ 25.1% |
| Current assets29/58 | €257,604 | €233,082 | €283,228 | €435,529 | €516,061 | ▲ 18.5% |
| Stocks and contracts in progress3 | - | - | €87,400 | €60,000 | - | - |
| Contracts in progress37 | - | - | €87,400 | €60,000 | - | - |
| Amounts receivable within one year40/41 | €75,882 | €171,128 | €63,608 | €107,980 | €94,771 | ▼ 12.2% |
| Trade receivables40 | €72,819 | €148,065 | €39,139 | €82,750 | €77,140 | ▼ 6.8% |
| Other amounts receivable41 | €3,063 | €23,063 | €24,469 | €25,230 | €17,631 | ▼ 30.1% |
| Current investments50/53 | €18,060 | €36,120 | €62,370 | €88,620 | €364,870 | ▲ 312% |
| Cash at bank and in hand54/58 | €163,662 | €24,916 | €68,870 | €177,889 | €54,974 | ▼ 69.1% |
| Deferred charges and accrued income490/1 | - | €918 | €980 | €1,040 | €1,446 | ▲ 39.0% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €728,219 | €685,713 | €708,760 | €901,419 | €996,756 | ▲ 10.6% |
| Equity10/15 | €497,685 | €578,014 | €641,582 | €786,956 | €700,805 | ▼ 10.9% |
| Contributions10/11 | €30,987 | €30,987 | €30,987 | €30,987 | €30,987 | = |
| Reserves13 | €465,909 | €545,909 | €609,409 | €754,409 | €668,159 | ▼ 11.4% |
| Tax-exempt reserves132 | €266,941 | €258,933 | €251,165 | €242,909 | €234,653 | ▼ 3.4% |
| Distributable reserves133 | €198,968 | €286,976 | €358,244 | €511,500 | €433,506 | ▼ 15.2% |
| Profit (loss) carried forward14 | €789 | €1,118 | €1,186 | €1,560 | €1,659 | ▲ 6.3% |
| Amounts payable17/49 | €230,534 | €107,699 | €67,178 | €114,463 | €295,951 | ▲ 159% |
| Amounts payable after more than one year17 | €34,453 | €26,101 | €17,579 | €66,805 | €42,092 | ▼ 37.0% |
| Financial debts170/4 | €34,453 | €26,101 | €17,579 | €66,805 | €42,092 | ▼ 37.0% |
| Amounts payable within one year42/48 | €134,054 | €63,312 | €42,330 | €40,837 | €250,953 | ▲ 515% |
| Current portion of amounts payable after more than one year42 | €8,183 | €8,352 | €8,523 | €23,590 | €24,479 | ▲ 3.8% |
| Trade debts44 | €32,232 | €260 | €7,980 | €178 | - | - |
| Suppliers440/4 | €32,232 | €260 | €7,980 | €178 | - | - |
| Taxes, remuneration and social security45 | €36,226 | €32,522 | €17,838 | €4,363 | €2,938 | ▼ 32.7% |
| Taxes450/3 | €36,226 | €32,522 | €17,838 | €4,363 | €2,938 | ▼ 32.7% |
| Other amounts payable47/48 | €57,413 | €22,178 | €7,989 | €12,706 | €223,536 | ▲ 1,659% |
| Accrued charges and deferred income492/3 | €62,027 | €18,286 | €7,269 | €6,821 | €2,906 | ▼ 57.4% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €106,624 | €80,329 | €63,568 | €145,374 | €81,974 | ▼ 43.6% |
| + Depreciation and write-downs630 | €15,626 | €27,984 | €28,584 | €30,684 | €28,761 | ▼ 6.3% |
| Operating cash flow (approximation) | €122,250 | €108,313 | €92,152 | €176,058 | €110,735 | ▼ 37.1% |
| Investment in fixed assets (approximation) | - | -€10,000 | -€1,485 | -€71,042 | -€43,566 | ▲ 38.7% |
| Change in cash | - | -€138,746 | €43,954 | €109,019 | -€122,915 | ▼ 213% |
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
23-09
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 54 days late
11-09
State Gazette act
General meeting · Merger
Accounting effect · Declaration
01-09
State Gazette act
General meeting · Merger
Asset distribution · Accounting effect
2025
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 29 days late
2024
30-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 61 days late
2023
26-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 87 days late
2022
31-12
Financial
Equity above €500,000Eq €578,014 ▲16.1%
5 profitable years in a row build equity to €578,014.
31-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 92 days late
2021
31-12
Financial
Liquidity doublescurrent ratio 1.92
Current ratio from 0.89 to 1.92; short-term debt falls from €134,191 to €134,054.
08-12
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 130 days late
09-08
State Gazette act
General meeting · Capital increase
Statutes amendment · Director resignation
2020
31-12
Financial
Highest result since 2018net €309,957 ▲2,663%
Operating result €320,447, net result €309,957, both a record.
Show earlier events
31-12
Financial
Equity above €200,000Eq €391,061 ▲382%
3 profitable years in a row build equity to €391,061.
27-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 119 days late
2019
31-12
Financial
Weakest financial yearnet €11,219 ▼70.1%
Net result drops to €11,219, the lowest in the series; recovery starts the following year.
31-10
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 92 days late
2018
30-09
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 61 days late
2017
29-09
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 60 days late
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 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
3 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, Elsene · 1 establishment unit since 1990
Ground area
326 m²
Building footprint
114 m²
Volume, LiDAR
1,533 m³
Parcel 21447B0135/00Z010, Brussels · tallest building 18.2 m, ±5 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
Sint-Jorisstraat 28, 1050 Elsene
since 19902.049.196.066
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21447B0135/00Z010 | Brussels | 326 m² | 1 · 114 m² | 18.2 m · 5 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.
Recognitions · licences · registrations
Legal Entity Identifier
98450006G2E864EL5F45
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Of 82,642 companies in sector 70200 we hold annual accounts for 52,583. 30,415 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
Founded10-07-1990
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
Scores and ratios are computed by Checked and are not a credit decision.