ALEAC

Active

Public limited companyfounded 201313 yrs activeBurgstraat 22A, 9000 Gent, BelgiumKBO/BCE: BE 0502.753.770

ALEAC has been active since 2013 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €92k and a net result of €28k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 35% of 19354 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.3% (very low).

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Checked score

Score 2024

65 / 100

Healthy

The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.

Axes · tick = 2023

Profitability74▼-2

Solvency40▲+6

Growth78=

Track record100

Bankruptcy probability, 12 months

0.3% Very low

0%0.5%1.5%4%10%≥ 25%

Credit up to €5k at 30 days acceptable

Liquidity short (current ratio 0.11 against 0.13 in 2023; short-term debt: 42.9% and cash: 2.9% of total assets), and 85.4% of the assets are financed with debt.

How do we compute the score and the probability?

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

Lower-failure-rate sector

In this sector companies fail less often than the Belgian average.

Gazette · bankruptcies per sector, NACE 68

Relative position

BE, all sectors

reference

Sector 68

lower

← fewer bankruptcies more bankruptcies →

Lower-risk legal form

Companies with this legal form statistically fail less often than a BV.

KBO · legal form

Long track record

A company with a long track record statistically fails less often than a young one.

KBO · incorporation date

Age against the risk zone

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 2024

Solvency, return and age of the figures

Solvency

14.6%

Return on assets

4.5%

Age of the figures

21 mo

Growing equity

Reported equity is higher than in 2022 and did not fall compared with 2023. These amounts do not establish the cause of the change.

NBB · annual accounts 2024

Equity per financial year

18192021222324

2018 to 2024 · latest year €92k

Latest accounts filed on time

The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 28-07-2025, 3 days ahead of the deadline.

NBB · 10 filings

Deviation from the deadline

2025

not confirmed

2024

3 d early

2023

30 d late

2022

6 d early

2021

5 d late

2020

25 d late

2019

31 d late

← before the deadline after the deadline →

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

Financials · fiscal year 2024, micro schema

Equity

€92k▲ 43.9%

2023 · €64k

2018: €35k 2019: €14k 2020: €4k 2021: €14k 2022: €26k 2023: €64k

2018 → 2024

Total assets

€631k▼ 9.2%

2023 · €695k

2018: €893k 2019: €863k 2020: €838k 2021: €787k 2022: €730k 2023: €695k

2018 → 2024

Net result

€28k▼ 25.7%

2023 · €38k

2018: €2k 2019: €-21k 2020: €-10k 2021: €10k 2022: €12k 2023: €38k

2018 → 2024

Working capital

€-241k▼ 3.6%

2023 · €-233k

2018: €-205k 2019: €-219k 2020: €-237k 2021: €-237k 2022: €-246k 2023: €-233k

2018 → 2024

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20202021202220232024Trend

Equity€4k-€14k▲ 273%€26k▲ 86.9%€64k▲ 144%€92k▲ 43.9%

Operating result€17k-€35k▲ 108%€34k▼ 2.0%€57k▲ 69.4%€51k▼ 11.0%

Net result€-10k-€10k€12k▲ 18.7%€38k▲ 211%€28k▼ 25.7%

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 falls in 2024; 2024 is 11% below 2023.

Balance-sheet composition

2024 in colour, 2023 as the grey bar beneath

Assets €631k

95.2%

Fixed assets €601k▼ 8.8%

Current assets €30k▼ 16.5%

Equity and liabilities €631k

14.6%

85.4%

Equity €92k▲ 43.9%

Debt €539k▼ 14.6%

The debt ratio falls from 90.8% to 85.4%. Equity is higher and debt is lower.

Key figures and ratios

2024 value · change against 2023

EBITDA

€109k▼

2023 · €115k

Cash flow

€86k▼

2023 · €96k

Solvency

14.6%▲

2023 · 9.2%

Current ratio

0.11▼

2023 · 0.13

Quick ratio

0.11▼

2023 · 0.13

Debt / equity

5.84▼

2023 · 9.85

ROE

30.5%▼

2023 · 59.1%

ROA

4.5%▼

2023 · 5.4%

Interest coverage

7.23▲

2023 · 6.14

Debt

€539k▼

2023 · €631k

Debt ≤ 1 year

€271k▲

2023 · €269k

Debt > 1 year

€264k▼

2023 · €349k

Income taxes

€11k▲

2023 · €667

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 · 2024 against 2023

Balance sheet Code20232024

Assets

Total assets20/58€695k€631k▼

Fixed assets21/28€659k€601k▼

Tangible fixed assets22/27€659k€601k▼

Land and buildings22€659k€601k▼

Current assets29/58€36k€30k▼

Amounts receivable within one year40/41€4k€2k▼

Trade receivables40€2k€0▼

Other amounts receivable41€2k€2k▲

Cash at bank and in hand54/58€8k€18k▲

Deferred charges and accrued income490/1€24k€10k▼

Equity and liabilities

Total equity and liabilities10/49€695k€631k▼

Equity10/15€64k€92k▲

Contributions10/11€62k€62k=

Capital10€62k€62k=

Issued capital100€62k€62k=

Reserves13-€31k

Non-distributable reserves130/1-€6k

Legal reserve130-€6k

Distributable reserves133-€25k

Profit (loss) carried forward14€3k€0▼

Amounts payable17/49€631k€539k▼

Amounts payable after more than one year17€349k€264k▼

Financial debts170/4€349k€264k▼

Amounts payable within one year42/48€269k€271k▲

Current portion of amounts payable after more than one year42€89k€92k▲

Trade debts44€5k€0▼

Suppliers440/4€5k€0▼

Taxes, remuneration and social security45€701€11k▲

Taxes450/3€701€11k▲

Other amounts payable47/48€174k€168k▼

Accrued charges and deferred income492/3€14k€4k▼

Income statement Code20232024

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€58k€58k=

Other operating charges640/8€3k€3k▼

Gross operating margin9900€118k€112k▼

Operating profit (loss)9901€57k€51k▼

Financial income75/76B-€3k

Recurring financial income75-€3k

Financial charges65/66B€19k€15k▼

Recurring financial charges65€19k€15k▼

Profit (loss) for the period before taxes9903€39k€39k▲

Income taxes67/77€667€11k▲

Profit (loss) for the period9904€38k€28k▼

Profit (loss) for the period to be appropriated9905€38k€28k▼

Appropriation of the result

Profit (loss) to be appropriated9906€3k€31k▲

Profit (loss) brought forward from the previous period14P€-35k€3k▲

Transfer to equity691/2-€31k

To the legal reserve6920-€6k

To other reserves6921-€25k

The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

All 13Financial 3Filings 10

2025

28-07

NBB filing Annual accounts filed

fiscal year 2024 · micro schema

2024

30-08

NBB filing Annual accounts filed

fiscal year 2023 · micro schema · 30 days late

2023

31-12

Financial Highest result since 2018net €38k ▲211%

Operating result €57k, net result €38k, both a record.

25-07

NBB filing Annual accounts filed

fiscal year 2022 · micro schema

2022

05-08

NBB filing Annual accounts filed

fiscal year 2021 · micro schema · 5 days late

2021

31-12

Financial Back to profitnet €10k

Net result €10k after 2 loss-making years.

25-08

NBB filing Annual accounts filed

fiscal year 2020 · micro schema · 25 days late

2020

31-08

NBB filing Annual accounts filed

fiscal year 2019 · micro schema · 31 days late

2019

31-12

Financial Weakest financial yearnet €-21k ▼1421%

Net result drops to €-21k, the lowest in the series; recovery starts the following year.

11-06

NBB filing Annual accounts filed

fiscal year 2018 · abbreviated schema

2018

04-06

NBB filing Annual accounts filed

fiscal year 2017 · abbreviated schema

2017

20-07

NBB filing Annual accounts filed

fiscal year 2016 · abbreviated schema

2016

19-08

NBB filing Annual accounts filed

fiscal year 2015 · abbreviated schema · 19 days late

Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

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, Gent · 1 establishment unit since 2013

establishment The establishment unit on the map

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.

Burgstraat 22A9000 Gent

Ground area

273 m²

Building footprint

273 m²

Volume, LiDAR

2,837 m³

Parcel 44815F3136/00M000, Flanders · tallest building 16.5 m, ±4 floors. Linked by address, not a title deed.

1 establishment unit

ALEAC

Burgstraat 22A, 9000 GentRenting and operating of own or leased residential real estate, excluding social housing

since 20132.216.379.526

1 parcel

Flanders 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
44815F3136/00M000 ProtectedMonument · Townscape or village viewHoekcomplex in classicerende barok: herenhuis en aanpalende vleugelsSource ↗	Flanders	273 m²	1 · 273 m²	16.4 m · 4 fl.