ALCADON
ActiveALCADON has been active since 1991 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (€-100k) and a net result of €-14k. Equity is shrinking by ~45.7% per year across the filed fiscal years. Its solvency ranks better than 14% of 2687 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
44
/ 100
Weak
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Negative equity caps the score. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability27▼-24
Solvency22=
Growth58=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity ample (current ratio 2.62 against 1.51 in 2024; short-term debt: 36.5% and cash: 0.5% of total assets), but equity is negative.
Credit advice for your own amount and term
Signals
Seven 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 62
Relative position
BE, all sectors
reference
Sector 62
lower
← 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 2025Solvency, return and age of the figures
Solvency
-3.1%
Return on assets
-0.4%
Age of the figures
9 mo
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €-100k
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 03-03-2026, 150 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
150 d early
2024
51 d early
2023
70 d early
2022
28 d early
2021
171 d late
2020
115 d early
2019
8 d early
← before the deadline
after the deadline →
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
22-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€-100k▼ 16.6%
2024 · €-86k
2018: €537k
2019: €373k
2020: €-795k
2021: €120k
2022: €137k
2023: €-236k
2024: €-86k
2018 → 2025
Total assets
€3.27M▲ 12.0%
2024 · €2.92M
2018: €2.62M
2019: €2.11M
2020: €1.34M
2021: €1.80M
2022: €1.83M
2023: €2.77M
2024: €2.92M
2018 → 2025
Net result
€-14k
2024 · €150k
2018: €-23k
2019: €-164k
2020: €-1.17M
2021: €-46k
2022: €-384k
2023: €-372k
2024: €150k
2018 → 2025
Working capital
€1.94M▲ 105%
2024 · €946k
2018: €722k
2019: €444k
2020: €-803k
2021: €80k
2022: €999k
2023: €594k
2024: €946k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€120k-€137k▲ 13.3%€-236k€-86k▲ 63.6%€-100k▼ 16.6%
Operating result€-29k-€-378k▼ 1,215%€-281k▲ 25.7%€228k€61k▼ 73.4%
Net result€-46k-€-384k▼ 739%€-372k▲ 3.1%€150k€-14k
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 73% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €3.27M
Fixed assets
€143k▲ 25.6%
Current assets
€3.13M▲ 11.4%
Key figures and ratios
EBITDA
€106k▼
2024 · €271k
Cash flow
€31k▼
2024 · €193k
Solvency
-3.1%▼
2024 · -2.9%
Current ratio
2.62▲
2024 · 1.51
Quick ratio
2.07▲
2024 · 0.92
Debt / equity
-33.43▲
2024 · -34.79
ROA
-0.4%▼
2024 · 5.1%
Interest coverage
1.02▼
2024 · 3.15
Debt
€3.35M▲
2024 · €2.99M
Debt ≤ 1 year
€1.19M▼
2024 · €1.86M
Debt > 1 year
€1.92M▲
2024 · €1.05M
Income taxes
€2k▲
2024 · €1k
Staff costs
€829k▼
2024 · €837k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€2.92M€3.27M▲
Fixed assets21/28€114k€143k▲
Intangible fixed assets21€59k€34k▼
Tangible fixed assets22/27€55k€44k▼
Plant, machinery and equipment23€28k€26k▼
Furniture and vehicles24€27k€19k▼
Financial fixed assets28-€64k
Current assets29/58€2.81M€3.13M▲
Stocks and contracts in progress3€1.10M€657k▼
Stocks30/36€1.10M€657k▼
Amounts receivable within one year40/41€1.42M€2.42M▲
Trade receivables40€1.27M€1.71M▲
Other amounts receivable41€150k€706k▲
Cash at bank and in hand54/58€248k€15k▼
Deferred charges and accrued income490/1€39k€37k▼
Equity and liabilities
Total equity and liabilities10/49€2.92M€3.27M▲
Equity10/15€-86k€-100k▼
Contributions10/11€566k€566k=
Profit (loss) carried forward14€-652k€-666k▼
Provisions and deferred taxes16€21k€26k▲
Provisions for liabilities and charges160/5€21k€26k▲
Pensions and similar obligations160€21k€26k▲
Amounts payable17/49€2.99M€3.35M▲
Amounts payable after more than one year17€1.05M€1.92M▲
Other amounts payable178/9€1.05M€1.92M▲
Amounts payable within one year42/48€1.86M€1.19M▼
Financial debts43€210€0▼
Credit institutions430/8€210€0▼
Trade debts44€1.63M€940k▼
Suppliers440/4€1.63M€940k▼
Taxes, remuneration and social security45€185k€210k▲
Taxes450/3€78k€112k▲
Remuneration and social security454/9€108k€98k▼
Other amounts payable47/48€50k€44k▼
Accrued charges and deferred income492/3€73k€231k▲
Income statement
Code20242025
Remuneration, social security and pensions62€837k€829k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€43k€46k▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€49k€-144k▼
Provisions for liabilities and charges: additions (uses and reversals)635/8€6k€5k▼
Other operating charges640/8€5k€4k▼
Gross operating margin9900€1.17M€800k▼
Operating profit (loss)9901€228k€61k▼
Financial income75/76B€9k€31k▲
Recurring financial income75€9k€31k▲
Financial charges65/66B€86k€104k▲
Recurring financial charges65€86k€104k▲
Profit (loss) for the period before taxes9903€151k€-12k▼
Income taxes67/77€1k€2k▲
Profit (loss) for the period9904€150k€-14k▼
Profit (loss) for the period to be appropriated9905€150k€-14k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-652k€-666k▼
Profit (loss) brought forward from the previous period14P€-802k€-652k▲
Social balance
Average headcount (FTE)90877.07.4▲
The notes to these accounts (19 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
03-03
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
10-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Back to profitnet €150k
Net result €150k after 6 loss-making years.
22-05
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
03-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
18-01
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 171 days late
2022
31-12
Financial
Liquidity doublescurrent ratio 2.49
Current ratio from 1.05 to 2.49; short-term debt falls from €1.67M to €672k.
2021
31-12
Financial
Equity above €100kEq €120k
Equity rises from €-795k to €120k.
07-04
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Weakest financial yearnet €-1.17M
Net result drops to €-1.17M, the lowest in the series; recovery starts the following year.
23-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
14-06
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
24-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
13-07
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.
Directors · office · real estate
Directors
no sitting director, no change since 2025
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
15-11-2025
Susanne Stengade: Resigned as Director
15-11-2025
Susanne Stengade: Resigned as Managing director
30-09-2024
Karl Mirborn: Resigned as Director
09-12-2022
Helkon BV: Resigned as Director
28-10-2022
HELKON: Resigned as Managing director
07-12-2021
Charles-Thibault HELON: Resigned as Director
07-12-2021
Mevr. Ann-Sophie Helon: Resigned as Director
12-03-2021
FIBER-X GROUP: Resigned as Director
21-03-2017
Walter VAN STAEYEN: Resigned as Manager
Location & real-estate footprint
Registered office, Schelle · 1 establishment unit since 2003
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Brandekensweg 92627 SchelleGround area
1.6 ha
Building footprint
7,381 m²
Volume, LiDAR
49,218 m³
Parcel 11038C0282/00F000, Flanders · tallest building 8.6 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Brandekensweg 9, 2627 Schelle
since 20032.121.737.814
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11038C0282/00F000 | Flanders | 1.6 ha | 1 · 7,381 m² | 8.6 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
BMK Solutions
BE 0678.407.310
Houthalen-Helchteren · Eq €137k
DATA MANAGEMENT TEAM
BE 0429.708.515
Jemeppe-sur-Sambre · Eq €136k
JFB Lynx IT
BE 0849.149.183
La Louvière · Eq €137k
POLYGONWOOD
BE 0755.497.069
Zonnebeke · Eq €137k
Blue Iron Consulting
BE 0835.617.881
Sint-Jans-Molenbeek · Eq €136k
Of 3,211 companies in sector 62900 we hold annual accounts for 1,741. 1,392 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded18-12-1991
Fiscal year end31-12
Activities, NACEBEL
46500Wholesale of information and communication equipment
46510Wholesale trade
51840
62900Other information technology and computer services
72600
Sources
Crossroads Bank for EnterprisesNational Bank · 34 filingsAddress and cadastre registers
Data from official sources, last processed on 21-09-2026. Scores and ratios are computed by Checked and are not a credit decision.