ALCARA
ActiveSummary
ALCARA has been active since 1990 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €460,461 and a net result of €8,511. Equity is growing by ~2.7% per year across the filed fiscal years. Its solvency ranks better than 26% of 2062 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability69▲+54
Solvency50▲+1
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €25,000 at 30 days acceptable
Liquidity short (current ratio 0.91 against 0.87 in 2024; short-term debt: 72.3% and cash: 1.2% of total assets), and 75.1% 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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% more 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
24.9%
Return on assets
0.5%
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 26-08-2026, 26 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
26 d late
2024
on the day
2023
27 d late
2022
4 d early
2021
23 d late
2020
59 d early
2019
43 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 8 days after the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% 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
27-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€8,511
2024 · -€57,297
Working capital
-€121,714▲ 28.0%
2024 · -€169,141
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
Operating result€919€225,668▲ 24,468%-€43,966-€63,403▼ 44.2%€2,391
Net result€766€179,071▲ 23,279%-€42,509-€57,297▼ 34.8%€8,511
Equity€372,684▲ 0.2%€551,756▲ 48.0%€509,246▼ 7.7%€451,950▼ 11.3%€460,461▲ 1.9%
Total assets€1.7m▲ 11.1%€1.0m▼ 37.2%€1.9m▲ 81.2%€1.8m▼ 1.9%€1.9m▲ 0.4%
Debt€1.3m▲ 14.9%€428,861▼ 66.2%€1.3m▲ 207%€1.3m▲ 1.7%€1.3m=
Working capital-€345,423-€141,572▲ 59.0%-€145,830▼ 3.0%-€169,141▼ 16.0%-€121,714▲ 28.0%
Staff (FTE)0000
Why a figure moved sharply
- 2022 Net result +23,279% on 2021. The accounts now follow the abbreviated schema, last year the micro schema.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €2,391 after a loss of €63,403 in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.9m
Fixed assets
€635,357 ▼ 6.0%
Current assets
€1.2m ▲ 4.1%
Equity and liabilities €1.9m
Equity
€460,461 ▲ 1.9%
Provisions
€53,182 ▼ 2.7%
Debt
€1.3m =
Debt's share of the balance-sheet total falls from 72.6% to 72.3%. Equity is higher.
Key figures and ratios
EBITDA
€42,762▲
2024 · -€22,592
Cash flow
€48,881▲
2024 · -€16,486
Current ratio
0.91▲
2024 · 0.87
Debt to equity
2.91▼
2024 · 2.96
ROE
1.8%▲
2024 · -12.7%
ROA
0.5%▲
2024 · -3.1%
Interest coverage
345.44▲
2024 · -342.62
Debt ≤ 1 year
€1.3m=
2024 · €1.3m
Income taxes
-€826▼
2024 · €2,000
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 4,653 companies that looked in July 2024 the way this one looks now, 0.9% went bankrupt within 24 months and 97% are still going.
- Small
- 20 years or older
- solvency 10 to 30%
- a profit under 5% of the balance sheet
0.9%
went bankrupt
1.9%
stopped otherwise
97%
still going
A further 0.4% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.4% 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 4,653 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 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | €55,559 | €240,000 | €0 | - | €50,377 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €9,389 | €29,324 | €39,706 | €40,810 | €40,370 | ▼ 1.1% |
| Other operating charges640/8 | €7,652 | €12,219 | €9,466 | €10,495 | €8,863 | ▼ 15.6% |
| Gross operating margin9900 | €17,959 | €267,211 | €5,206 | -€12,097 | €51,625 | ▲ 527% |
| Operating profit (loss)9901 | €919 | €225,668 | -€43,966 | -€63,403 | €2,391 | ▲ 104% |
| Financial income75/76B | - | - | €53 | €6,717 | €3,962 | ▼ 41.0% |
| Recurring financial income75 | - | - | €53 | €6,717 | €3,962 | ▼ 41.0% |
| Financial charges65/66B | €153 | €51 | €35 | €66 | €124 | ▲ 87.7% |
| Recurring financial charges65 | €153 | €51 | €35 | €66 | €124 | ▲ 87.7% |
| Profit (loss) for the period before taxes9903 | €766 | €225,617 | -€43,949 | -€56,752 | €6,230 | ▲ 111% |
| Transfer from deferred taxes780 | - | €1,455 | €1,455 | €1,455 | €1,455 | = |
| Transfer to deferred taxes680 | - | €48,000 | €0 | - | - | - |
| Income taxes67/77 | - | - | €15 | €2,000 | -€826 | ▼ 141% |
| Profit (loss) for the period9904 | €766 | €179,071 | -€42,509 | -€57,297 | €8,511 | ▲ 115% |
| Transfer from tax-exempt reserves789 | - | €5,818 | €5,818 | €5,818 | €5,818 | = |
| Transfer to tax-exempt reserves689 | - | €192,000 | €0 | - | - | - |
| Profit (loss) for the period to be appropriated9905 | €766 | -€7,111 | -€36,691 | -€51,479 | €14,329 | ▲ 128% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.7m | €1.0m | €1.9m | €1.8m | €1.9m | ▲ 0.4% |
| Fixed assets21/28 | €729,107 | €750,873 | €711,167 | €675,727 | €635,357 | ▼ 6.0% |
| Tangible fixed assets22/27 | €729,107 | €750,873 | €711,167 | €675,727 | €635,357 | ▼ 6.0% |
| Land and buildings22 | €681,684 | €641,926 | €627,169 | €612,411 | €597,653 | ▼ 2.4% |
| Plant, machinery and equipment23 | €17,818 | €13,589 | €9,032 | €6,587 | €3,590 | ▼ 45.5% |
| Furniture and vehicles24 | €29,605 | €95,358 | €74,967 | €56,729 | €34,113 | ▼ 39.9% |
| Current assets29/58 | €923,198 | €287,289 | €1.2m | €1.2m | €1.2m | ▲ 4.1% |
| Amounts receivable within one year40/41 | €871,578 | €15,029 | €882,880 | €876,849 | €865,164 | ▼ 1.3% |
| Trade receivables40 | €498 | €0 | €94 | €0 | - | - |
| Other amounts receivable41 | €871,080 | €15,029 | €882,786 | €876,849 | €865,164 | ▼ 1.3% |
| Current investments50/53 | €44,058 | €59,058 | €259,094 | €280,176 | €330,360 | ▲ 17.9% |
| Cash at bank and in hand54/58 | €7,562 | €213,202 | €28,356 | €12,895 | €21,844 | ▲ 69.4% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.7m | €1.0m | €1.9m | €1.8m | €1.9m | ▲ 0.4% |
| Equity10/15 | €372,684 | €551,756 | €509,246 | €451,950 | €460,461 | ▲ 1.9% |
| Contributions10/11 | €62,000 | €62,000 | €62,000 | €62,000 | €62,000 | = |
| Outside capital11 | - | €62,000 | €62,000 | €62,000 | €62,000 | = |
| Other1109/19 | - | €62,000 | €62,000 | €62,000 | €62,000 | = |
| Reserves13 | €340,755 | €526,936 | €521,118 | €515,300 | €509,482 | ▼ 1.1% |
| Non-distributable reserves130/1 | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Reserves not available under the articles1311 | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Tax-exempt reserves132 | - | €186,182 | €180,364 | €174,545 | €168,727 | ▼ 3.3% |
| Distributable reserves133 | €334,555 | €334,555 | €334,555 | €334,555 | €334,555 | = |
| Profit (loss) carried forward14 | -€30,070 | -€37,181 | -€73,872 | -€125,351 | -€111,021 | ▲ 11.4% |
| Provisions and deferred taxes16 | €11,000 | €57,545 | €56,091 | €54,636 | €53,182 | ▼ 2.7% |
| Provisions for liabilities and charges160/5 | €11,000 | €11,000 | €11,000 | €11,000 | €11,000 | = |
| Pensions and similar obligations160 | €11,000 | €11,000 | €11,000 | €11,000 | €11,000 | = |
| Deferred taxes168 | - | €46,545 | €45,091 | €43,636 | €42,182 | ▼ 3.3% |
| Amounts payable17/49 | €1.3m | €428,861 | €1.3m | €1.3m | €1.3m | = |
| Amounts payable within one year42/48 | €1.3m | €428,861 | €1.3m | €1.3m | €1.3m | = |
| Trade debts44 | - | €143 | €0 | €1,669 | €1,316 | ▼ 21.1% |
| Suppliers440/4 | - | €143 | €0 | €1,669 | €1,316 | ▼ 21.1% |
| Taxes, remuneration and social security45 | €404 | €0 | - | - | - | - |
| Taxes450/3 | €404 | €0 | - | - | - | - |
| Other amounts payable47/48 | €1.3m | €428,718 | €1.3m | €1.3m | €1.3m | = |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €766 | €179,071 | -€42,509 | -€57,297 | €8,511 | ▲ 115% |
| + Depreciation and write-downs630 | €9,389 | €29,324 | €39,706 | €40,810 | €40,370 | ▼ 1.1% |
| Operating cash flow (approximation) | €10,155 | €208,395 | -€2,804 | -€16,486 | €48,881 | ▲ 396% |
| Investment in fixed assets (approximation) | - | -€51,090 | €0 | -€5,370 | €0 | ▲ 100% |
| Change in cash | - | €205,640 | -€184,847 | -€15,460 | €8,948 | ▲ 158% |
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
26-08
NBB filing
Annual accounts filed
fiscal year 2025 · full schema · 26 days late
2025
31-12
Financial
Back to profitnet €8,511
Net result €8,511 after 2 loss-making years.
31-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Weakest financial yearnet -€57,297
Net result drops to -€57,297, the lowest in the series; recovery starts the following year.
27-08
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 27 days late
2023
27-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Highest result since 2018net €179,071 ▲23,279%
Operating result €225,668, net result €179,071, both a record.
31-12
Financial
Equity above €500,000Eq €551,756 ▲48%
2 profitable years in a row build equity to €551,756.
23-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 23 days late
2021
31-12
Financial
Back to profitnet €766
Net result €766 after one loss-making year.
02-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
12-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 43 days late
Show earlier events
2019
31-12
Financial
Back to profitnet €7,438
Net result €7,438 after one loss-making year.
26-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 31 days late
2017
17-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 17 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 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
2 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, Brugge · 1 establishment unit since 2000
Ground area
622 m²
Building footprint
584 m²
Volume, LiDAR
9,989 m³
2 parcels, Flanders · tallest building 23.6 m, ±7 floors. Linked by address, not a title deed.
1 establishment unit
Alcara
since 20002.184.484.144
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 35386D0164/00P000 | Flanders | 455 m² | 1 · 455 m² | 23.6 m · 7 fl. |
| 31803C0798/00E000 | Flanders | 167 m² | 1 · 129 m² | 11.1 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Structure & network
Owners and holdings
1 holdingOwners 0
No owner stated in the accounts, acts or LEI register we read.
Holdings 1
-
50%
According to the annual accounts of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
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Of 22,831 companies in sector 43211 we hold annual accounts for 10,329. 6,677 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
Founded24-10-1990
Fiscal year end31-12
Activities, NACEBEL 2025
43211General electrical installation work
68310Real estate agency activities
E-invoicing
Reachable via Peppol
Peppol ID
0208:0442285059
Also
9925:BE0442285059
Registered
02-12-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.