ALCEA
ActiveSummary
ALCEA has been active since 2005 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €756,961 and a net result of -€156,930. Equity is growing by ~10.5% per year across the filed fiscal years. Its solvency ranks better than 64% of 1078 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.9% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability5▼-66
Solvency80▼-2
Growth52=
Track record100
Bankruptcy probability, 12 months
0.9%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €40,000 at 30 days acceptable
Liquidity ample (current ratio 4.17 against 4.89 in 2023; short-term debt: 17.7% and cash: 31.1% of total assets), and 45.1% of the assets are financed with debt.
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Signals
Four 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 81
Relative position
BE, all sectors
reference
Services to buildings and landscape activities (NACE 81)
about 79% 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
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
54.9%
Return on assets
-11.4%
Age of the figures
21 mo
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 11-07-2025, 20 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
20 d early
2023
1 d early
2022
14 d early
2021
2 d early
2020
38 d early
2019
20 d late
← 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 9 days before the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 43% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, abbreviated schema
Equity
€756,961▼ 17.2%
2023 · €913,890
Total assets
€1.4m▼ 14.8%
2023 · €1.6m
Net result
-€156,930
2023 · €32,347
Working capital
€770,547▼ 15.0%
2023 · €906,725
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€122,632▼ 12.3%€147,824▲ 20.5%€173,257▲ 17.2%€64,260▼ 62.9%-€157,505
Net result€81,590▼ 3.3%€98,875▲ 21.2%€121,305▲ 22.7%€32,347▼ 73.3%-€156,930
Equity€680,614▲ 13.6%€760,238▲ 11.7%€881,543▲ 16.0%€913,890▲ 3.7%€756,961▼ 17.2%
Total assets€1.5m▼ 0.4%€1.6m▲ 11.2%€1.6m▲ 0.6%€1.6m▼ 1.6%€1.4m▼ 14.8%
Debt€787,997▼ 10.0%€873,241▲ 10.8%€761,657▼ 12.8%€703,456▼ 7.6%€621,103▼ 11.7%
Working capital€714,687▲ 10.2%€767,456▲ 7.4%€793,731▲ 3.4%€906,725▲ 14.2%€770,547▼ 15.0%
Staff (FTE)13.6▼ 9.3%11.1▼ 18.4%10.7▼ 3.6%11.1▲ 3.7%0▼ 100%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2024: a loss of €157,505 after €64,260 in 2023, the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €1.4m
Fixed assets
€364,097 ▼ 23.7%
Current assets
€1.0m ▼ 11.1%
Equity and liabilities €1.4m
Equity
€756,961 ▼ 17.2%
Debt
€621,103 ▼ 11.7%
Debt's share of the balance-sheet total rises from 43.5% to 45.1%. Equity and debt are lower.
Key figures and ratios
EBITDA
-€16,366▼
2023 · €203,549
Cash flow
-€15,791▼
2023 · €171,637
Current ratio
4.17▼
2023 · 4.89
Quick ratio
2.61▼
2023 · 2.74
Debt to equity
0.82▲
2023 · 0.77
ROE
-20.7%▼
2023 · 3.5%
ROA
-11.4%▼
2023 · 2.0%
Interest coverage
-1.91▼
2023 · 7.65
Debt ≤ 1 year
€243,420▲
2023 · €233,282
Debt > 1 year
€377,683▼
2023 · €456,012
Income taxes
€506▼
2023 · €13,664
Staff costs
€575,544▼
2023 · €578,766
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 926 companies that looked in July 2024 the way this one looks now, 1.1% went bankrupt within 24 months and 90% are still going.
- Small
- 20 years or older
- solvency 30% or more
- a loss of 10% of the balance sheet or more
1.1%
went bankrupt
8.7%
stopped otherwise
90%
still going
A further 0.2% 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 926 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 |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €0 | - | - | - | - |
| Remuneration, social security and pensions62 | - | €461,744 | €457,256 | €578,766 | €575,544 | ▼ 0.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €162,713 | €148,512 | €135,145 | €139,289 | €141,139 | ▲ 1.3% |
| Other operating charges640/8 | - | €35,724 | €7,809 | €8,588 | €11,937 | ▲ 39.0% |
| Gross operating margin9900 | €878,465 | €793,804 | €773,467 | €790,903 | €571,115 | ▼ 27.8% |
| Operating profit (loss)9901 | €122,632 | €147,824 | €173,257 | €64,260 | -€157,505 | ▼ 345% |
| Financial income75/76B | - | €6,757 | €9,169 | €8,342 | €9,647 | ▲ 15.6% |
| Recurring financial income75 | €9,114 | €6,757 | €9,169 | €8,342 | €9,647 | ▲ 15.6% |
| Financial charges65/66B | - | €25,306 | €22,863 | €26,590 | €8,566 | ▼ 67.8% |
| Recurring financial charges65 | €23,586 | €25,306 | €22,863 | €26,590 | €8,566 | ▼ 67.8% |
| Profit (loss) for the period before taxes9903 | €108,161 | €129,274 | €159,564 | €46,012 | -€156,423 | ▼ 440% |
| Income taxes67/77 | €26,571 | €30,400 | €38,259 | €13,664 | €506 | ▼ 96.3% |
| Profit (loss) for the period9904 | €81,590 | €98,875 | €121,305 | €32,347 | -€156,930 | ▼ 585% |
| Profit (loss) for the period to be appropriated9905 | €81,590 | €98,875 | €121,305 | €32,347 | -€156,930 | ▼ 585% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.5m | €1.6m | €1.6m | €1.6m | €1.4m | ▼ 14.8% |
| Fixed assets21/28 | €536,939 | €531,980 | €590,326 | €477,339 | €364,097 | ▼ 23.7% |
| Intangible fixed assets21 | €1,178 | €606 | €7,902 | €7,337 | €5,354 | ▼ 27.0% |
| Tangible fixed assets22/27 | €535,641 | €531,254 | €582,304 | €469,883 | €358,623 | ▼ 23.7% |
| Land and buildings22 | - | €301,828 | €253,433 | €206,081 | €160,326 | ▼ 22.2% |
| Plant, machinery and equipment23 | - | €58,513 | €63,113 | €63,831 | €58,173 | ▼ 8.9% |
| Furniture and vehicles24 | - | €100,631 | €76,516 | €51,602 | €34,212 | ▼ 33.7% |
| Leasing and similar rights25 | - | €1,458 | €460 | €2,000 | €1,194 | ▼ 40.3% |
| Other tangible fixed assets26 | - | €68,825 | €188,781 | €146,368 | €104,718 | ▼ 28.5% |
| Financial fixed assets28 | €120 | €120 | €120 | €120 | €120 | = |
| Current assets29/58 | €931,672 | €1.1m | €1.1m | €1.1m | €1.0m | ▼ 11.1% |
| Amounts receivable after more than one year29 | - | €19,349 | €4,885 | €0 | - | - |
| Other amounts receivable291 | - | €19,349 | €4,885 | €0 | - | - |
| Stocks and contracts in progress3 | €145,397 | €341,453 | €391,044 | €500,359 | €377,977 | ▼ 24.5% |
| Stocks30/36 | - | €157,800 | €166,710 | €153,963 | €195,665 | ▲ 27.1% |
| Contracts in progress37 | - | €183,653 | €224,334 | €346,396 | €182,312 | ▼ 47.4% |
| Amounts receivable within one year40/41 | €206,391 | €237,487 | €213,334 | €108,237 | €123,195 | ▲ 13.8% |
| Trade receivables40 | - | €215,513 | €194,464 | €72,567 | €70,851 | ▼ 2.4% |
| Other amounts receivable41 | - | €21,974 | €18,871 | €35,670 | €52,344 | ▲ 46.7% |
| Current investments50/53 | - | - | - | €101,469 | €67,344 | ▼ 33.6% |
| Cash at bank and in hand54/58 | €303,678 | €483,673 | €395,352 | €384,005 | €429,232 | ▲ 11.8% |
| Deferred charges and accrued income490/1 | - | €19,536 | €48,258 | €45,938 | €16,218 | ▼ 64.7% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.5m | €1.6m | €1.6m | €1.6m | €1.4m | ▼ 14.8% |
| Equity10/15 | €680,614 | €760,238 | €881,543 | €913,890 | €756,961 | ▼ 17.2% |
| Contributions10/11 | €103,100 | €103,100 | €103,100 | €103,100 | €103,100 | = |
| Capital10 | - | €103,100 | - | - | - | - |
| Issued capital100 | - | €103,100 | - | - | - | - |
| Reserves13 | €577,514 | €657,138 | €778,443 | €810,790 | €653,861 | ▼ 19.4% |
| Non-distributable reserves130/1 | - | €8,473 | €0 | - | - | - |
| Legal reserve130 | - | €8,473 | - | - | - | - |
| Reserves not available under the articles1311 | - | - | €0 | - | - | - |
| Distributable reserves133 | - | €648,665 | €778,443 | €810,790 | €653,861 | ▼ 19.4% |
| Amounts payable17/49 | €787,997 | €873,241 | €761,657 | €703,456 | €621,103 | ▼ 11.7% |
| Amounts payable after more than one year17 | €571,012 | €529,134 | €492,450 | €456,012 | €377,683 | ▼ 17.2% |
| Financial debts170/4 | - | €281,866 | €245,182 | €208,744 | €130,415 | ▼ 37.5% |
| Other amounts payable178/9 | - | €247,268 | €247,268 | €247,268 | €247,268 | = |
| Amounts payable within one year42/48 | €216,986 | €334,043 | €259,143 | €233,282 | €243,420 | ▲ 4.3% |
| Current portion of amounts payable after more than one year42 | - | €41,949 | €36,722 | €38,285 | €29,911 | ▼ 21.9% |
| Trade debts44 | €58,682 | €195,846 | €89,335 | €51,871 | €98,127 | ▲ 89.2% |
| Suppliers440/4 | - | €195,846 | €89,335 | €51,871 | €98,127 | ▲ 89.2% |
| Advances received on contracts in progress46 | - | €588 | €979 | €0 | - | - |
| Taxes, remuneration and social security45 | - | €83,465 | €107,877 | €118,084 | €85,875 | ▼ 27.3% |
| Taxes450/3 | - | €29,300 | €33,535 | €27,933 | €22,155 | ▼ 20.7% |
| Remuneration and social security454/9 | - | €54,165 | €74,342 | €90,151 | €63,720 | ▼ 29.3% |
| Other amounts payable47/48 | - | €12,195 | €24,229 | €25,041 | €29,506 | ▲ 17.8% |
| Accrued charges and deferred income492/3 | - | €10,064 | €10,064 | €14,162 | €0 | ▼ 100% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €81,590 | €98,875 | €121,305 | €32,347 | -€156,930 | ▼ 585% |
| + Depreciation and write-downs630 | €162,713 | €148,512 | €135,145 | €139,289 | €141,139 | ▲ 1.3% |
| Operating cash flow (approximation) | €244,303 | €247,387 | €256,450 | €171,637 | -€15,791 | ▼ 109% |
| Investment in fixed assets (approximation) | - | -€143,554 | -€193,491 | -€26,303 | -€27,897 | ▼ 6.1% |
| Change in cash | - | €179,995 | -€88,321 | -€11,348 | €45,228 | ▲ 499% |
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
11-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Weakest financial yearnet -€156,930
Net result drops to -€156,930, the lowest in the series.
30-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
17-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Highest result since 2018net €121,305 ▲22.7%
Operating result €173,257, net result €121,305, both a record.
29-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
23-06
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
20-08
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 20 days late
2019
22-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 22 days late
2018
18-06
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
21-06
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
16-08
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 16 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, Beveren-Kruibeke-Zwijndrecht · 1 establishment unit since 2005
Ground area
1,377 m²
Building footprint
343 m²
Volume, LiDAR
1,695 m³
Parcel 46503C0139/00S000, Flanders · tallest building 9.7 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
ALCEA
since 20052.149.037.275
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 46503C0139/00S000 | Flanders | 1,377 m² | 1 · 343 m² | 9.7 m · 1 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.
Public money · subsidies and aid
Flemish government
2024 to 2025 · 2 entries · 1,123 EUR awarded · 1,123 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 371 EUR | 371 EUR |
| 2024 | 1 | 752 EUR | 752 EUR |
Recognitions · licences · registrations
Food safety, FASFC
1 siteBeveren-Kruibeke-Zwijndrecht2.149.037.275
Legal Entity Identifier
89450042FBJC4KCAR927
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DECOJARDIN
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Of 21,225 companies in sector 81300 we hold annual accounts for 4,366. 2,197 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
Founded08-09-2005
Fiscal year end31-12
Activities, NACEBEL 2025
81300Landscape service activities
43990Other specialised construction activities
E-invoicing
Reachable via Peppol
Peppol ID
0208:0875930685
Also
9925:BE0875930685
Registered
25-09-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.