ALBA
ActiveSummary
ALBA has been active since 1983 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €1.2m and a net result of -€165,306. Equity remains stable across the filed fiscal years (±0.6% per year). The computed 12-month bankruptcy probability is < 0.1% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability6▼-73
Solvency80▼-5
Growth68▲+3
Track record100
Bankruptcy probability, 12 months
< 0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €9,000 at 30 days acceptable
Liquidity ample (current ratio 1.78 against 2.25 in 2023; short-term debt: 34.4% and cash: 9% of total assets), and 44.8% of the assets are financed with debt.
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Signals
Six 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 85
Relative position
BE, all sectors
reference
Education (NACE 85)
about 77% 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
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 2024Solvency, return and age of the figures
Solvency
55.2%
Return on assets
-7.5%
Age of the figures
21 mo
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 · 10 filingsDeviation from the deadline
2025
39 d early
2024
48 d early
2023
41 d early
2022
40 d early
2021
67 d early
2020
12 d late
2019
10 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 30 days before the deadline; the sector median for financial year 2024 is 16 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. Usually files around 21 June (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
30-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2024, abbreviated schema
In the rankings
#3 employer in Flemish Brabant, Education sector#5 company by staff growth in Flemish Brabant, Education sector
Turnover
€92,296▲ 93.6%
2023 · €47,671
EBIT margin
-181.5%▼ 176.3pp
2023 · -5.2%
Net result
-€165,306▼ 1,700%
2023 · -€9,185
Working capital
€589,190▼ 25.6%
2023 · €792,046
Trend over the years
In euros
In per cent
Ratio
In full-time equivalents (FTE)
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
In full-time equivalents (FTE)
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 85, Education, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Turnover€6,943▲ 10.8%€61,785€47,671▼ 22.8%€92,296▲ 93.6%
Operating result€203,844▲ 13.1%-€3,208-€21,488▼ 570%-€2,480▲ 88.5%-€167,532▼ 6,656%
Net result€195,779above the sector's middle half▲ 16.5%-€11,187below the sector's middle half-€40,571below the sector's middle half▼ 263%-€9,185below the sector's middle half▲ 77.4%-€165,306below the sector's middle half▼ 1,700%
EBIT margin2935.9%▲ 58.9pp-34.8%-5.2%▲ 29.6pp-181.5%▼ 176.3pp
Equity€1.5mwithin the sector's middle half▲ 14.1%€1.4mwithin the sector's middle half▼ 1.3%€1.4mwithin the sector's middle half▼ 3.4%€1.4mwithin the sector's middle half▼ 0.6%€1.2mwithin the sector's middle half▼ 12.7%
Total assets€2.2mwithin the sector's middle half▲ 9.3%€2.1mwithin the sector's middle half▼ 1.9%€2.2mwithin the sector's middle half▲ 1.9%€2.3mwithin the sector's middle half▲ 6.5%€2.2mwithin the sector's middle half▼ 4.5%
Debt€695,165▲ 0.4%€674,516▼ 3.0%€763,755▲ 13.2%€912,669▲ 19.5%€984,249▲ 7.8%
Working capital€777,484within the sector's middle half▲ 27.4%€759,745within the sector's middle half▼ 2.3%€747,540within the sector's middle half▼ 1.6%€792,046within the sector's middle half▲ 6.0%€589,190within the sector's middle half▼ 25.6%
Solvency67.8%within the sector's middle half▲ 2.9pp68.2%within the sector's middle half▲ 0.4pp64.6%within the sector's middle half▼ 3.5pp60.3%within the sector's middle half▼ 4.3pp55.2%within the sector's middle half▼ 5.1pp
Current ratio2.85within the sector's middle half▲ 0.112.80within the sector's middle half▼ 0.052.44within the sector's middle half▼ 0.362.25within the sector's middle half▼ 0.201.78within the sector's middle half▼ 0.47
Return on assets (ROA)9.1%above the sector's middle half▲ 0.6pp-0.5%below the sector's middle half▼ 9.6pp-1.9%below the sector's middle half▼ 1.4pp-0.4%within the sector's middle half▲ 1.5pp-7.5%below the sector's middle half▼ 7.1pp
Staff (FTE)43.2above the sector's middle half▲ 8.3%45.1above the sector's middle half▲ 4.4%46.1above the sector's middle half▲ 2.2%48.1above the sector's middle half▲ 4.3%50.1above the sector's middle half▲ 4.2%
above
within
below
the middle half (P25 to P75) of NACE 85, Education, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €167,532 in 2024 against €2,480 in 2023; the loss grows and 2024 has the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €2.2m
Fixed assets
€850,462 ▼ 2.5%
Current assets
€1.3m ▼ 5.8%
Equity and liabilities €2.2m
Equity
€1.2m ▼ 12.7%
Debt
€984,249 ▲ 7.8%
Debt's share of the balance-sheet total rises from 39.7% to 44.8%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
-€100,321▼
2023 · €75,922
Cash flow
-€98,095▼
2023 · €69,216
Debt to equity
0.81▲
2023 · 0.66
ROE
-13.6%▼
2023 · -0.7%
Interest coverage
-15.65▼
2023 · 11.22
Debt ≤ 1 year
€756,179▲
2023 · €635,523
Debt > 1 year
€164,832▼
2023 · €193,241
Staff costs
€3.8m▲
2023 · €3.4m
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 823 companies that looked in July 2024 the way this one looks now, 0.6% went bankrupt within 24 months and 96% are still going.
- Medium-sized
- 20 years or older
- solvency 30% or more
- a small loss
0.6%
went bankrupt
2.9%
stopped otherwise
96%
still going
For this company itself Checked computes a bankruptcy probability of < 0.1% 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 497,340 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% | 1.8% |
| 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 823 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 |
|---|---|---|---|---|---|---|
| Turnover70 | €6,943 | - | €61,785 | €47,671 | €92,296 | ▲ 93.6% |
| Non-recurring operating income76A | - | €275 | €2,129 | - | - | - |
| Goods, raw materials, services and sundry goods60/61 | - | - | €397,541 | €389,685 | €391,278 | ▲ 0.4% |
| Remuneration, social security and pensions62 | - | €2.8m | €3.0m | €3.4m | €3.8m | ▲ 12.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €82,601 | €66,527 | €67,634 | €78,402 | €67,211 | ▼ 14.3% |
| Other operating charges640/8 | - | €4,534 | - | €6,391 | €9,123 | ▲ 42.7% |
| Non-recurring operating charges66A | - | €614 | €9,186 | €161 | €406 | ▲ 152% |
| Gross operating margin9900 | €2.7m | €2.8m | €3.1m | €3.5m | €3.7m | ▲ 6.7% |
| Operating profit (loss)9901 | €203,844 | -€3,208 | -€21,488 | -€2,480 | -€167,532 | ▼ 6,656% |
| Financial income75/76B | - | €19 | €22 | €60 | €8,638 | ▲ 14,371% |
| Recurring financial income75 | €508 | €19 | €22 | €60 | €8,638 | ▲ 14,371% |
| Financial charges65/66B | - | €7,999 | €8,176 | €6,765 | €6,412 | ▼ 5.2% |
| Recurring financial charges65 | €8,574 | €7,999 | €8,176 | €6,765 | €6,412 | ▼ 5.2% |
| Profit (loss) for the period before taxes9903 | €195,779 | -€11,187 | -€29,642 | -€9,185 | -€165,306 | ▼ 1,700% |
| Income taxes67/77 | - | - | €10,929 | - | - | - |
| Profit (loss) for the period9904 | €195,779 | -€11,187 | -€40,571 | -€9,185 | -€165,306 | ▼ 1,700% |
| Profit (loss) for the period to be appropriated9905 | €195,779 | -€11,187 | -€40,571 | -€9,185 | -€165,306 | ▼ 1,700% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €2.2m | €2.1m | €2.2m | €2.3m | €2.2m | ▼ 4.5% |
| Fixed assets21/28 | €961,976 | €938,647 | €894,533 | €872,535 | €850,462 | ▼ 2.5% |
| Intangible fixed assets21 | €532 | €2,513 | €1,256 | €1,823 | €2,735 | ▲ 50.0% |
| Tangible fixed assets22/27 | €961,444 | €936,135 | €893,277 | €870,712 | €847,727 | ▼ 2.6% |
| Land and buildings22 | - | €867,667 | €831,664 | €824,119 | €802,492 | ▼ 2.6% |
| Plant, machinery and equipment23 | - | €49,092 | €30,061 | €15,122 | €17,681 | ▲ 16.9% |
| Furniture and vehicles24 | - | €2,656 | €6,121 | €31,471 | €27,555 | ▼ 12.4% |
| Assets under construction and advance payments27 | - | €16,720 | €25,432 | - | - | - |
| Current assets29/58 | €1.2m | €1.2m | €1.3m | €1.4m | €1.3m | ▼ 5.8% |
| Amounts receivable within one year40/41 | €329,181 | €321,548 | €367,716 | €69,176 | €499,665 | ▲ 622% |
| Trade receivables40 | - | €11,338 | €36,770 | €17,510 | €19,064 | ▲ 8.9% |
| Other amounts receivable41 | - | €310,210 | €330,947 | €51,667 | €480,600 | ▲ 830% |
| Current investments50/53 | - | - | - | - | €600,000 | - |
| Cash at bank and in hand54/58 | €866,953 | €847,377 | €884,427 | €979,430 | €198,255 | ▼ 79.8% |
| Deferred charges and accrued income490/1 | - | €12,333 | €13,498 | €378,963 | €47,449 | ▼ 87.5% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €2.2m | €2.1m | €2.2m | €2.3m | €2.2m | ▼ 4.5% |
| Equity10/15 | €1.5m | €1.4m | €1.4m | €1.4m | €1.2m | ▼ 12.7% |
| Contributions10/11 | - | - | €383,514 | €383,514 | €383,514 | = |
| Capital10 | - | - | €383,514 | €383,514 | €383,514 | = |
| Reserves13 | - | €552,617 | €540,069 | €570,413 | €470,200 | ▼ 17.6% |
| Profit (loss) carried forward14 | €440,371 | €440,062 | €412,039 | €372,509 | €307,416 | ▼ 17.5% |
| Investment grants15 | - | €69,196 | €60,798 | €60,999 | €50,451 | ▼ 17.3% |
| Amounts payable17/49 | €695,165 | €674,516 | €763,755 | €912,669 | €984,249 | ▲ 7.8% |
| Amounts payable after more than one year17 | €274,105 | €247,858 | €220,910 | €193,241 | €164,832 | ▼ 14.7% |
| Financial debts170/4 | - | €247,858 | €220,910 | €193,241 | €164,832 | ▼ 14.7% |
| Amounts payable within one year42/48 | €420,824 | €421,512 | €518,101 | €635,523 | €756,179 | ▲ 19.0% |
| Current portion of amounts payable after more than one year42 | - | €26,247 | €26,948 | €27,669 | €28,409 | ▲ 2.7% |
| Trade debts44 | €143,040 | €17,406 | €67,299 | €20,695 | €40,329 | ▲ 94.9% |
| Suppliers440/4 | - | €17,406 | €67,299 | €20,695 | €40,329 | ▲ 94.9% |
| Taxes, remuneration and social security45 | - | €377,755 | €422,856 | €586,569 | €682,877 | ▲ 16.4% |
| Taxes450/3 | - | €29,368 | €9,702 | €137,956 | €157,306 | ▲ 14.0% |
| Remuneration and social security454/9 | - | €348,387 | €413,153 | €448,613 | €525,571 | ▲ 17.2% |
| Accrued charges and deferred income492/3 | - | €5,145 | €24,744 | €83,905 | €63,238 | ▼ 24.6% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €195,779 | -€11,187 | -€40,571 | -€9,185 | -€165,306 | ▼ 1,700% |
| + Depreciation and write-downs630 | €82,601 | €66,527 | €67,634 | €78,402 | €67,211 | ▼ 14.3% |
| Operating cash flow (approximation) | €278,380 | €55,339 | €27,062 | €69,216 | -€98,095 | ▼ 242% |
| Investment in fixed assets (approximation) | - | -€43,198 | -€23,519 | -€56,403 | -€45,137 | ▲ 20.0% |
| Change in cash | - | -€19,577 | €37,050 | €95,004 | -€781,175 | ▼ 922% |
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 · full schema
2025
13-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Weakest financial yearnet -€165,306
Net result drops to -€165,306, the lowest in the series.
20-06
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
21-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
25-05
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
12-08
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 12 days late
2020
31-12
Financial
Highest result since 2018net €195,779 ▲16.5%
Operating result €203,844, net result €195,779, both a record.
10-08
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 10 days late
2019
27-06
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
21-06
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
30-06
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 13 acts read
About the unread acts
We know of 13 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Have them read with priority
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Directors · office · real estate
Directors
13 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, Herent · 3 establishment units since 2006
Ground area
7,845 m²
Building footprint
1,757 m²
Volume, LiDAR
19,530 m³
3 parcels, Brussels, Flanders · tallest building 18.4 m, ±4 floors. Linked by address, not a title deed.
3 establishment units
Vzw Alba
since 20062.155.697.613
ALBA
since 20142.230.399.192
ALBA
since 20142.230.399.489
3 parcels
Flanders
2
(66.7%)
Brussels
1
(33.3%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24434F0276/00E000 | Flanders | 5,379 m² | 1 · 755 m² | 13.6 m · 4 fl. |
| 24423I0038/00C000 | Flanders | 1,656 m² | 1 · 192 m² | 10.4 m · 3 fl. |
| 21910E0052/00E012 | Brussels | 810 m² | 1 · 809 m² | 18.4 m · 4 fl. |
Linked by address, not proof of ownership
Good to know
3 of 3 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2022 to 2025 · 19 entries · 13,625,405 EUR awarded · 13,185,686 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 3 | 3,970,327 EUR | 3,921,668 EUR |
| 2024 | 3 | 3,381,708 EUR | 3,363,599 EUR |
| 2023 | 5 | 3,266,276 EUR | 3,235,539 EUR |
| 2022 | 8 | 3,007,094 EUR | 2,664,880 EUR |
Schemes
Recognitions · licences · registrations
Care and welfare
5 services · 3 liveALBA
ALBA BRUSSEL
ALBA LEUVEN
OIKOTEN
Show 1 more services
OIKOTEN
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Of 1,043 companies in sector 85323 we hold annual accounts for 681. 477 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formNon-profit association
Founded17-03-1983
Fiscal year end31-12
Activities, NACEBEL 2025
85323Education
88992Social work activities without accommodation
87991Residential care activities
E-invoicing
Reachable via Peppol
Peppol ID
0208:0424376780
Also
9925:BE0424376780
Registered
07-10-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 30 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.