ALCO
ActiveSummary
ALCO has been active since 1982 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €984,168 and a net result of -€14,423. Equity remains stable across the filed fiscal years (±1.2% per year). Its solvency ranks better than 95% of 1222 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability34▼-1
Solvency100=
Growth58=
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €65,000 at 30 days acceptable
Liquidity ample (current ratio 29.17; short-term debt: 1.6% and cash: 4.4% of total assets), and 1.7% of the assets are financed with debt.
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Signals
Three 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
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2025 was due by 31-10-2025 and was filed on 29-10-2025, 2 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
2 d early
2024
5 d early
2023
1 d early
2022
3 d late
2021
41 d early
2020
30 d late
2019
on the day
← 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 2 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 (2)
neutral · The next deadline is still running
The next financial year closes on 31-03-2026 and is due by 31-10-2026. Nothing is late today.
Companies Code · seven monthsPosition in the running window
31-03-2026 close27-09-2026 today31-10-2026 deadline
History
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Financials · fiscal year 2025, abbreviated schema
Equity
€984,168▼ 1.4%
2024 · €998,591
Total assets
€1.0m▼ 0.2%
2024 · €1.0m
Net result
-€14,423▼ 43.5%
2024 · -€10,049
Working capital
€445,170▼ 3.1%
2024 · €459,385
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-€6,506▲ 99.6%€17,184€33,106▲ 92.7%-€9,480-€16,279▼ 71.7%
Net result-€5,798▲ 99.2%€13,882-€35,459-€10,049▲ 71.7%-€14,423▼ 43.5%
Equity€1.0m▼ 0.6%€1.0m▲ 1.3%€1.0m▼ 3.4%€998,591▼ 1.0%€984,168▼ 1.4%
Total assets€1.1m▼ 43.8%€1.1m▲ 4.2%€1.0m▼ 7.7%€1.0m▼ 1.2%€1.0m▼ 0.2%
Debt€24,176▼ 97.1%€54,530▲ 126%€5,654▼ 89.6%€3,613▼ 36.1%€16,805▲ 365%
Working capital€502,017▼ 31.0%€516,351▲ 2.9%€269,391▼ 47.8%€459,385▲ 70.5%€445,170▼ 3.1%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €16,279 in 2025 against €9,480 in 2024; the loss grows and 2025 has the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.0m
Fixed assets
€540,000 =
Current assets
€460,974 ▼ 0.4%
Equity and liabilities €1.0m
Equity
€984,168 ▼ 1.4%
Provisions
€0 ▼ 100%
Debt
€16,805 ▲ 365%
Debt's share of the balance-sheet total rises from 0.4% to 1.7%. Equity is lower and debt is higher.
Key figures and ratios
Current ratio
29.17
Debt to equity
0.02▲
2024 · 0.00
ROE
-1.5%▼
2024 · -1.0%
ROA
-1.4%▼
2024 · -1.0%
Debt ≤ 1 year
€15,803▲
2024 · €3,570
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 8,594 companies that looked in July 2024 the way this one looks now, 0.4% went bankrupt within 24 months and 94% are still going.
- Small
- 20 years or older
- solvency 30% or more
- a small loss
0.4%
went bankrupt
5.2%
stopped otherwise
94%
still going
A further 0.3% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.6% 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 8,594 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 | - | - | €24,250 | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €9,803 | €451 | - | - | - | - |
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | - | - | - | - | -€751 | - |
| Other operating charges640/8 | - | €1,328 | €1,339 | €16,467 | €6,263 | ▼ 62.0% |
| Gross operating margin9900 | €10,686 | €18,964 | €34,445 | €6,987 | -€10,766 | ▼ 254% |
| Operating profit (loss)9901 | -€6,506 | €17,184 | €33,106 | -€9,480 | -€16,279 | ▼ 71.7% |
| Financial income75/76B | - | €3,363 | €1,000 | - | €2,036 | - |
| Recurring financial income75 | €1,701 | €3,363 | €1,000 | - | €2,036 | - |
| Financial charges65/66B | - | €468 | €69,565 | €570 | €181 | ▼ 68.3% |
| Recurring financial charges65 | €643 | €468 | €69,565 | €570 | €181 | ▼ 68.3% |
| Profit (loss) for the period before taxes9903 | -€5,447 | €20,078 | -€35,459 | -€10,049 | -€14,423 | ▼ 43.5% |
| Income taxes67/77 | €351 | €6,196 | - | - | - | - |
| Profit (loss) for the period9904 | -€5,798 | €13,882 | -€35,459 | -€10,049 | -€14,423 | ▼ 43.5% |
| Profit (loss) for the period to be appropriated9905 | -€5,798 | €13,882 | -€35,459 | -€10,049 | -€14,423 | ▼ 43.5% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.1m | €1.1m | €1.0m | €1.0m | €1.0m | ▼ 0.2% |
| Fixed assets21/28 | €530,451 | €530,000 | €740,000 | €540,000 | €540,000 | = |
| Tangible fixed assets22/27 | €530,451 | €530,000 | €740,000 | €540,000 | €540,000 | = |
| Land and buildings22 | - | €530,000 | €740,000 | €540,000 | €540,000 | = |
| Current assets29/58 | €524,694 | €569,381 | €275,045 | €462,955 | €460,974 | ▼ 0.4% |
| Amounts receivable after more than one year29 | - | €550,000 | - | - | - | - |
| Other amounts receivable291 | - | €550,000 | - | - | - | - |
| Amounts receivable within one year40/41 | - | - | €300 | €178,498 | €416,858 | ▲ 134% |
| Trade receivables40 | - | - | - | €178,498 | €14,822 | ▼ 91.7% |
| Other amounts receivable41 | - | - | €300 | - | €402,036 | - |
| Cash at bank and in hand54/58 | €324,694 | €19,381 | €274,745 | €284,457 | €44,115 | ▼ 84.5% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.1m | €1.1m | €1.0m | €1.0m | €1.0m | ▼ 0.2% |
| Equity10/15 | €1.0m | €1.0m | €1.0m | €998,591 | €984,168 | ▼ 1.4% |
| Contributions10/11 | - | €561,479 | €561,479 | €561,479 | €561,479 | = |
| Reserves13 | €474,537 | €482,621 | €482,621 | €482,621 | €482,621 | = |
| Non-distributable reserves130/1 | - | €56,148 | €56,148 | €56,148 | €56,148 | = |
| Reserves not available under the articles1311 | - | €56,148 | €56,148 | €56,148 | €56,148 | = |
| Tax-exempt reserves132 | - | €27,000 | €27,000 | €27,000 | €27,000 | = |
| Distributable reserves133 | - | €399,473 | €399,473 | €399,473 | €399,473 | = |
| Profit (loss) carried forward14 | -€5,798 | - | -€35,459 | -€45,509 | -€59,932 | ▼ 31.7% |
| Provisions and deferred taxes16 | €751 | €751 | €751 | €751 | - | - |
| Provisions for liabilities and charges160/5 | - | €751 | €751 | €751 | - | - |
| Other liabilities and charges164/5 | - | €751 | €751 | €751 | - | - |
| Amounts payable17/49 | €24,176 | €54,530 | €5,654 | €3,613 | €16,805 | ▲ 365% |
| Amounts payable within one year42/48 | €22,676 | €53,030 | €5,654 | €3,570 | €15,803 | ▲ 343% |
| Trade debts44 | €3,748 | €3,695 | €3,593 | €1,434 | €15,803 | ▲ 1,002% |
| Suppliers440/4 | - | €3,695 | €3,593 | €1,434 | €15,803 | ▲ 1,002% |
| Taxes, remuneration and social security45 | - | €5,896 | - | - | - | - |
| Taxes450/3 | - | €5,896 | - | - | - | - |
| Other amounts payable47/48 | - | €43,439 | €2,061 | €2,136 | - | - |
| Accrued charges and deferred income492/3 | - | €1,500 | - | €43 | €1,002 | ▲ 2,244% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€5,798 | €13,882 | -€35,459 | -€10,049 | -€14,423 | ▼ 43.5% |
| + Depreciation and write-downs630 | €9,803 | €451 | - | - | - | - |
| Operating cash flow (approximation) | €4,004 | €14,333 | -€35,459 | -€10,049 | -€14,423 | ▼ 43.5% |
| Investment in fixed assets (approximation) | - | €0 | -€210,000 | €200,000 | €0 | ▼ 100% |
| Change in cash | - | -€305,313 | €255,365 | €9,712 | -€240,342 | ▼ 2,575% |
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
2025
29-10
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2024
26-10
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
31-03
Financial
Liquidity triplescurrent ratio 129.67
Current ratio from 48.65 to 129.67; short-term debt falls from €5,654 to €3,570.
2023
30-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
31-03
Financial
Liquidity times 5current ratio 48.65
Current ratio from 10.74 to 48.65; short-term debt falls from €53,030 to €5,654.
2022
03-11
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 3 days late
31-03
Financial
Back to profitnet €13,882
Net result €13,882 after 3 loss-making years.
2021
20-09
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
31-03
Financial
Liquidity times 12current ratio 23.14
Current ratio from 1.87 to 23.14; short-term debt falls from €840,177 to €22,676.
2020
30-11
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 30 days late
31-03
Financial
Weakest financial yearnet -€706,253
Net result drops to -€706,253, the lowest in the series; recovery starts the following year.
31-03
Financial
Liquidity quadruplescurrent ratio 1.87
Current ratio from 0.44 to 1.87; short-term debt falls from €2.8m to €840,177.
Show earlier events
2019
31-10
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2018
31-10
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2017
29-10
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2016
02-11
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 2 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 9 acts read
About the unread acts
We know of 9 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
9 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, Roeselare · 1 establishment unit since 1982
Ground area
1.5 ha
Building footprint
469 m²
Volume, LiDAR
2,810 m³
2 parcels, Flanders · tallest building 10.2 m, ±2 floors. Linked by address, not a title deed.
5
companies at this address
See who is registered here
1 establishment unit
Jakenshof 1 A, 8800 Roeselare
since 19822.034.918.062
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 36013A0206/00H000 | Flanders | 1.2 ha | 1 · 234 m² | 9.2 m · 2 fl. |
| 36013B0603/00K004 | Flanders | 3,009 m² | 1 · 235 m² | 10.2 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 ownerOwners 1
- KOFAparentSourceaccounts KOFA 2025100%
Holdings 0
No holding stated in the accounts, acts or LEI register we read.
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 1,279 companies in sector 81100 we hold annual accounts for 678. 429 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 (pre-2019)
Founded11-05-1982
Fiscal year end31-03
Activities, NACEBEL 2025
81100Combined facilities support activities
68203Renting and operating of own or leased non-residential real estate, excluding land
E-invoicing
Reachable via Peppol
Peppol ID
0208:0422668491
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.