ALCAM
ActiveSummary
ALCAM has been active since 1991 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show negative equity (-€141,843) and a net result of -€37,980. Equity is shrinking by ~49.1% per year across the filed fiscal years. Its solvency ranks better than 5% of 2438 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.9% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability0▼-3
Solvency0=
Growth32=
Track record100
Bankruptcy probability, 12 months
0.9%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.36 against 0.52 in 2023; short-term debt: 198.7% and cash: 7.2% of total assets), and equity is negative.
Credit check for your own amount and term
Open the credit simulator : see how the verdict changes with amount, term and advance.
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
-98.7%
Return on assets
-26.4%
Age of the figures
21 mo
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 25
Relative position
BE, all sectors
reference
Manufacture of fabricated metal products, except machinery and equipment (NACE 25)
about 50% more bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Negative equity
The 2024 annual accounts show negative equity and a net loss.
NBB · annual accounts 2024Equity per financial year
18192021222324
2018 to 2024 · latest year -€141,843
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 31-07-2025, 0 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
on the day
2023
67 d early
2022
62 d early
2021
19 d early
2020
93 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 6 accounts on average 49 days before the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 35% of the sector filed late.
Checked, nothing found (1)
History
Go further with this company
How much credit can you give this customer, and on what term?Credit simulator What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed
Is this your company? See how customers and banks see it.
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2024, micro schema
Equity
-€141,843▼ 36.6%
2023 · -€103,863
Total assets
€143,750▼ 31.8%
2023 · €210,749
Net result
-€37,980▼ 40.5%
2023 · -€27,033
Working capital
-€181,553▼ 19.8%
2023 · -€151,486
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
Line20202021202220232024
Operating result-€63,717▼ 135%-€43,884▲ 31.1%-€34,191▲ 22.1%-€26,697▲ 21.9%-€37,859▼ 41.8%
Net result-€64,178▼ 136%-€43,653▲ 32.0%-€26,368▲ 39.6%-€27,033▼ 2.5%-€37,980▼ 40.5%
Equity-€6,809-€50,462▼ 641%-€76,830▼ 52.3%-€103,863▼ 35.2%-€141,843▼ 36.6%
Total assets€322,391▼ 17.1%€274,768▼ 14.8%€240,049▼ 12.6%€210,749▼ 12.2%€143,750▼ 31.8%
Debt€329,200▼ 0.8%€325,230▼ 1.2%€316,879▼ 2.6%€314,612▼ 0.7%€285,593▼ 9.2%
Working capital-€83,177▼ 24.5%-€124,753▼ 50.0%-€138,667▼ 11.2%-€151,486▼ 9.2%-€181,553▼ 19.8%
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 €37,859 in 2024 against €26,697 in 2023; the loss grows.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €143,750
Fixed assets
€39,709 ▼ 16.6%
Current assets
€104,040 ▼ 36.2%
Key figures and ratios
EBITDA
-€29,944▼
2023 · -€12,483
Cash flow
-€30,066▼
2023 · -€12,819
Solvency
-98.7%▼
2023 · -49.3%
Current ratio
0.36▼
2023 · 0.52
Quick ratio
0.35▼
2023 · 0.51
Debt to equity
-2.01▲
2023 · -3.03
ROA
-26.4%▼
2023 · -12.8%
Interest coverage
-46.86▼
2023 · -19.69
Debt ≤ 1 year
€285,593▼
2023 · €314,612
Income taxes
€41▼
2023 · €125
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 6,640 companies that looked in July 2024 the way this one looks now, 4.1% went bankrupt within 24 months and 84% are still going.
- Micro
- 20 years or older
- negative equity
- a loss of 10% of the balance sheet or more
4.1%
went bankrupt
9.9%
stopped otherwise
84%
still going
A further 2.0% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.9% 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 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
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 6,640 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 |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €47,817 | €2,077 | €14,214 | €14,214 | €7,914 | ▼ 44.3% |
| Other operating charges640/8 | - | €449 | €537 | €848 | €505 | ▼ 40.4% |
| Gross operating margin9900 | -€15,800 | -€41,358 | -€19,440 | -€11,635 | -€29,439 | ▼ 153% |
| Operating profit (loss)9901 | -€63,717 | -€43,884 | -€34,191 | -€26,697 | -€37,859 | ▼ 41.8% |
| Financial income75/76B | - | €845 | €8,457 | €423 | €558 | ▲ 31.9% |
| Recurring financial income75 | €110 | €19 | €193 | €423 | €558 | ▲ 31.9% |
| Non-recurring financial income76B | - | €826 | €8,264 | - | - | - |
| Financial charges65/66B | - | €631 | €634 | €634 | €639 | ▲ 0.8% |
| Recurring financial charges65 | €554 | €631 | €634 | €634 | €639 | ▲ 0.8% |
| Profit (loss) for the period before taxes9903 | -€64,161 | -€43,670 | -€26,368 | -€26,908 | -€37,939 | ▼ 41.0% |
| Income taxes67/77 | €17 | -€17 | - | €125 | €41 | ▼ 67.3% |
| Profit (loss) for the period9904 | -€64,178 | -€43,653 | -€26,368 | -€27,033 | -€37,980 | ▼ 40.5% |
| Profit (loss) for the period to be appropriated9905 | -€64,178 | -€43,653 | -€26,368 | -€27,033 | -€37,980 | ▼ 40.5% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €322,391 | €274,768 | €240,049 | €210,749 | €143,750 | ▼ 31.8% |
| Fixed assets21/28 | €76,368 | €74,291 | €61,837 | €47,623 | €39,709 | ▼ 16.6% |
| Tangible fixed assets22/27 | €76,368 | €74,291 | €60,077 | €45,863 | €37,949 | ▼ 17.3% |
| Plant, machinery and equipment23 | - | €63,920 | €51,680 | €39,440 | €33,500 | ▼ 15.1% |
| Furniture and vehicles24 | - | €2,925 | €2,700 | €2,475 | €2,250 | ▼ 9.1% |
| Other tangible fixed assets26 | - | €7,446 | €5,697 | €3,948 | €2,199 | ▼ 44.3% |
| Financial fixed assets28 | - | - | €1,760 | €1,760 | €1,761 | = |
| Current assets29/58 | €246,023 | €200,477 | €178,212 | €163,126 | €104,040 | ▼ 36.2% |
| Stocks and contracts in progress3 | €16,891 | €9,029 | €7,971 | €3,131 | €3,131 | = |
| Stocks30/36 | - | €9,029 | €7,971 | €3,131 | €3,131 | = |
| Amounts receivable within one year40/41 | €31,574 | €27,007 | €23,521 | €47,539 | €24,884 | ▼ 47.7% |
| Trade receivables40 | - | €27,007 | €23,521 | €47,539 | €23,460 | ▼ 50.7% |
| Other amounts receivable41 | - | - | - | - | €1,424 | - |
| Current investments50/53 | - | - | €130,625 | €110,593 | €65,680 | ▼ 40.6% |
| Cash at bank and in hand54/58 | €197,558 | €164,048 | €16,095 | €1,863 | €10,346 | ▲ 455% |
| Deferred charges and accrued income490/1 | - | €393 | - | - | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €322,391 | €274,768 | €240,049 | €210,749 | €143,750 | ▼ 31.8% |
| Equity10/15 | -€6,809 | -€50,462 | -€76,830 | -€103,863 | -€141,843 | ▼ 36.6% |
| Contributions10/11 | €206,000 | €206,000 | €206,000 | €206,000 | €206,000 | = |
| Capital10 | - | €206,000 | €206,000 | €206,000 | €206,000 | = |
| Issued capital100 | - | €206,000 | €206,000 | €206,000 | €206,000 | = |
| Reserves13 | €23,326 | €23,326 | €23,326 | €23,326 | €23,326 | = |
| Non-distributable reserves130/1 | - | €20,600 | €20,600 | €20,600 | €20,600 | = |
| Legal reserve130 | - | €20,600 | €20,600 | €20,600 | €20,600 | = |
| Distributable reserves133 | - | €2,726 | €2,726 | €2,726 | €2,726 | = |
| Profit (loss) carried forward14 | -€236,135 | -€279,788 | -€306,156 | -€333,189 | -€371,170 | ▼ 11.4% |
| Amounts payable17/49 | €329,200 | €325,230 | €316,879 | €314,612 | €285,593 | ▼ 9.2% |
| Amounts payable within one year42/48 | €329,200 | €325,230 | €316,879 | €314,612 | €285,593 | ▼ 9.2% |
| Trade debts44 | €2,480 | €3,570 | €1,487 | €1,388 | €959 | ▼ 30.9% |
| Suppliers440/4 | - | €3,570 | €1,487 | €1,388 | €959 | ▼ 30.9% |
| Taxes, remuneration and social security45 | - | €1,326 | €4,592 | €1,359 | - | - |
| Taxes450/3 | - | €1,326 | €4,592 | €1,359 | - | - |
| Other amounts payable47/48 | - | €320,334 | €310,800 | €311,865 | €284,634 | ▼ 8.7% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€64,178 | -€43,653 | -€26,368 | -€27,033 | -€37,980 | ▼ 40.5% |
| + Depreciation and write-downs630 | €47,817 | €2,077 | €14,214 | €14,214 | €7,914 | ▼ 44.3% |
| Operating cash flow (approximation) | -€16,361 | -€41,576 | -€12,154 | -€12,819 | -€30,066 | ▼ 135% |
| Investment in fixed assets (approximation) | - | €0 | -€1,760 | €0 | -€1 | - |
| Change in cash | - | -€33,510 | -€147,953 | -€14,232 | €8,483 | ▲ 160% |
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
2025
31-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
25-05
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
30-05
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
12-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
29-04
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Weakest financial yearnet -€64,178
Net result drops to -€64,178, the lowest in the series; recovery starts the following year.
09-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
10-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
15-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
23-05
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
2016
27-05
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneNBB 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.
Have them read with priority
Sign in to place this company at the front of the reading queue.
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, Ravels · 1 establishment unit since 1991
Ground area
264 m²
Building footprint
161 m²
Volume, LiDAR
1,042 m³
Parcel 13048A0334/00V000, Flanders · tallest building 9.7 m, ±2 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
ALCAM
since 19912.053.943.524
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 13048A0334/00V000 | Flanders | 264 m² | 1 · 161 m² | 9.7 m · 2 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.
Similar companies · same sector, comparable size
Laspunt
BE 1003.416.795
Zwalm · Eq €57,435
WALMAT
BE 0452.524.596
Herstal · Eq €57,570
BLConcept Design
BE 0642.602.927
Trooz · Eq €57,741
FERRO DESIGN
BE 0753.792.443
Charleroi · Eq €57,774
Martin Chiaradia
BE 1009.854.726
Anhée · Eq €57,873
Of 3,462 companies in sector 25530 we hold annual accounts for 1,655. 1,084 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded02-08-1991
Fiscal year end31-12
Activities, NACEBEL 2025
25530Machining of metals
E-invoicing
Reachable via Peppol
Peppol ID
0208:0444824083
Registered
07-12-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.