ALECO
ActiveSummary
The computed 12-month bankruptcy probability of ALECO is 3.1% (moderate). The 2024 annual accounts show negative equity (-€265,905) and a net result of -€14,733. Equity remains stable across the filed fiscal years (±2% per year). The company has been active since 2001 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
Axes · tick = 2023
Profitability21▼-3
Solvency0=
Growth52=
Track record100
Bankruptcy probability, 12 months
3.1%
Moderate
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity ample (current ratio 3.71 against 3.57 in 2023; short-term debt: 24% and cash: 14.4% of total assets), but equity is negative.
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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
-48.2%
Return on assets
-2.7%
Age of the figures
21 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Retail trade (NACE 47)
about 45% 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 31-12-2025 was due by 31-07-2026 and was filed on 19-06-2026, 42 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
42 d early
2024
21 d early
2023
40 d early
2022
17 d early
2021
37 d early
2020
37 d early
2019
41 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 22 days before the deadline; the sector median for financial year 2024 is on the deadline day, and 47% 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. Usually files around 24 June (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
29-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2024, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
-€14,733▼ 65.6%
2023 · -€8,896
Working capital
€359,812▲ 2.4%
2023 · €351,459
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 47, Retail trade, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result€739▼ 97.0%€20,604▲ 2,686%€20,147▼ 2.2%€19,670▼ 2.4%€18,540▼ 5.7%
Net result-€4,405below the sector's middle half€15,112within the sector's middle half€9,428within the sector's middle half▼ 37.6%-€8,896below the sector's middle half-€14,733below the sector's middle half▼ 65.6%
Equity-€266,816below the sector's middle half▼ 1.7%-€251,704below the sector's middle half▲ 5.7%-€242,276below the sector's middle half▲ 3.7%-€251,172below the sector's middle half▼ 3.7%-€265,905below the sector's middle half▼ 5.9%
Total assets€427,107within the sector's middle half▼ 19.9%€470,201within the sector's middle half▲ 10.1%€511,454within the sector's middle half▲ 8.8%€544,416within the sector's middle half▲ 6.4%€552,123within the sector's middle half▲ 1.4%
Debt€693,924▼ 12.8%€721,905▲ 4.0%€753,731▲ 4.4%€795,589▲ 5.6%€818,029▲ 2.8%
Working capital-€367,688below the sector's middle half▲ 1.5%-€331,107below the sector's middle half▲ 9.9%€334,038within the sector's middle half€351,459within the sector's middle half▲ 5.2%€359,812within the sector's middle half▲ 2.4%
Solvency-62.5%below the sector's middle half▼ 13.2pp-53.5%below the sector's middle half▲ 8.9pp-47.4%below the sector's middle half▲ 6.2pp-46.1%below the sector's middle half▲ 1.2pp-48.2%below the sector's middle half▼ 2.0pp
Current ratio0.47below the sector's middle half▼ 0.060.54below the sector's middle half▲ 0.073.82above the sector's middle half▲ 3.283.57above the sector's middle half▼ 0.263.71above the sector's middle half▲ 0.15
Return on assets (ROA)-1.0%below the sector's middle half▼ 4.3pp3.2%within the sector's middle half▲ 4.2pp1.8%within the sector's middle half▼ 1.4pp-1.6%below the sector's middle half▼ 3.5pp-2.7%below the sector's middle half▼ 1.0pp
Staff (FTE)3.6within the sector's middle half▼ 5.3%3.2within the sector's middle half▼ 11.1%3.4within the sector's middle half▲ 6.3%3within the sector's middle half▼ 11.8%3.1within the sector's middle half▲ 3.3%
above
within
below
the middle half (P25 to P75) of NACE 47, Retail trade, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result has fallen three years in a row; 2024 is 6% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €552,123
Fixed assets
€59,758 ▲ 6.5%
Current assets
€492,366 ▲ 0.8%
Key figures and ratios
EBITDA
€23,302▼
2023 · €23,742
Cash flow
-€9,972▼
2023 · -€4,824
Quick ratio
1.98▲
2023 · 1.68
Debt to equity
-3.08▲
2023 · -3.17
Interest coverage
0.70▼
2023 · 0.83
Debt ≤ 1 year
€132,554▼
2023 · €136,865
Debt > 1 year
€684,459▲
2023 · €656,682
Staff costs
€220,846▲
2023 · €215,141
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 2,795 companies that looked in July 2024 the way this one looks now, 2.1% went bankrupt within 24 months and 90% are still going.
- Micro
- 20 years or older
- negative equity
- a small loss
2.1%
went bankrupt
6.0%
stopped otherwise
90%
still going
A further 1.7% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a higher bankruptcy probability: 3.1% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,338 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.9% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
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 2,795 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 | - | €175,552 | €209,335 | €215,141 | €220,846 | ▲ 2.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €23,332 | €24,862 | €22,343 | €4,072 | €4,761 | ▲ 16.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | €2,486 | -€3,267 | €1,783 | €5,848 | ▲ 228% |
| Other operating charges640/8 | - | €348 | €336 | €424 | €412 | ▼ 2.9% |
| Gross operating margin9900 | €166,869 | €223,851 | €248,894 | €241,091 | €250,408 | ▲ 3.9% |
| Operating profit (loss)9901 | €739 | €20,604 | €20,147 | €19,670 | €18,540 | ▼ 5.7% |
| Financial income75/76B | - | - | €28 | €143 | €1 | ▼ 99.7% |
| Recurring financial income75 | €157 | - | €28 | €143 | €1 | ▼ 99.7% |
| Financial charges65/66B | - | €5,491 | €10,747 | €28,709 | €33,274 | ▲ 15.9% |
| Recurring financial charges65 | €5,302 | €5,491 | €10,747 | €28,709 | €33,274 | ▲ 15.9% |
| Profit (loss) for the period before taxes9903 | -€4,405 | €15,112 | €9,428 | -€8,896 | -€14,733 | ▼ 65.6% |
| Profit (loss) for the period9904 | -€4,405 | €15,112 | €9,428 | -€8,896 | -€14,733 | ▼ 65.6% |
| Profit (loss) for the period to be appropriated9905 | -€4,405 | €15,112 | €9,428 | -€8,896 | -€14,733 | ▼ 65.6% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €427,107 | €470,201 | €511,454 | €544,416 | €552,123 | ▲ 1.4% |
| Fixed assets21/28 | €101,755 | €79,763 | €59,130 | €56,093 | €59,758 | ▲ 6.5% |
| Tangible fixed assets22/27 | €52,876 | €30,884 | €10,251 | €7,214 | €10,878 | ▲ 50.8% |
| Plant, machinery and equipment23 | - | €11,525 | €8,099 | €4,905 | €7,826 | ▲ 59.6% |
| Furniture and vehicles24 | - | €324 | €1,899 | €1,194 | €570 | ▼ 52.3% |
| Other tangible fixed assets26 | - | €19,036 | €253 | €1,115 | €2,483 | ▲ 123% |
| Financial fixed assets28 | €48,879 | €48,879 | €48,879 | €48,879 | €48,879 | = |
| Current assets29/58 | €325,352 | €390,438 | €452,324 | €488,323 | €492,366 | ▲ 0.8% |
| Stocks and contracts in progress3 | €152,207 | €175,026 | €230,326 | €258,735 | €229,703 | ▼ 11.2% |
| Stocks30/36 | - | €175,026 | €230,326 | €258,735 | €229,703 | ▼ 11.2% |
| Amounts receivable within one year40/41 | €113,133 | €127,766 | €136,104 | €164,349 | €181,515 | ▲ 10.4% |
| Trade receivables40 | - | €127,766 | €136,104 | €164,349 | €181,515 | ▲ 10.4% |
| Cash at bank and in hand54/58 | €59,826 | €87,443 | €84,917 | €63,691 | €79,502 | ▲ 24.8% |
| Deferred charges and accrued income490/1 | - | €203 | €977 | €1,549 | €1,646 | ▲ 6.2% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €427,107 | €470,201 | €511,454 | €544,416 | €552,123 | ▲ 1.4% |
| Equity10/15 | -€266,816 | -€251,704 | -€242,276 | -€251,172 | -€265,905 | ▼ 5.9% |
| Contributions10/11 | - | €18,592 | €18,592 | €18,592 | €18,592 | = |
| Profit (loss) carried forward14 | -€285,408 | -€270,296 | -€260,868 | -€269,764 | -€284,497 | ▼ 5.5% |
| Amounts payable17/49 | €693,924 | €721,905 | €753,731 | €795,589 | €818,029 | ▲ 2.8% |
| Amounts payable after more than one year17 | - | - | €632,853 | €656,682 | €684,459 | ▲ 4.2% |
| Other amounts payable178/9 | - | - | €632,853 | €656,682 | €684,459 | ▲ 4.2% |
| Amounts payable within one year42/48 | €693,041 | €721,545 | €118,286 | €136,865 | €132,554 | ▼ 3.1% |
| Trade debts44 | €24,759 | €37,859 | €55,147 | €81,762 | €71,498 | ▼ 12.6% |
| Suppliers440/4 | - | €37,859 | €55,147 | €81,762 | €71,498 | ▼ 12.6% |
| Taxes, remuneration and social security45 | - | €50,103 | €56,136 | €47,443 | €52,064 | ▲ 9.7% |
| Taxes450/3 | - | €19,359 | €21,599 | €18,892 | €15,865 | ▼ 16.0% |
| Remuneration and social security454/9 | - | €30,744 | €34,537 | €28,552 | €36,199 | ▲ 26.8% |
| Other amounts payable47/48 | - | €633,583 | €7,003 | €7,659 | €8,992 | ▲ 17.4% |
| Accrued charges and deferred income492/3 | - | €360 | €2,592 | €2,042 | €1,016 | ▼ 50.2% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€4,405 | €15,112 | €9,428 | -€8,896 | -€14,733 | ▼ 65.6% |
| + Depreciation and write-downs630 | €23,332 | €24,862 | €22,343 | €4,072 | €4,761 | ▲ 16.9% |
| Operating cash flow (approximation) | €18,926 | €39,974 | €31,771 | -€4,824 | -€9,972 | ▼ 107% |
| Investment in fixed assets (approximation) | - | -€2,870 | -€1,710 | -€1,035 | -€8,426 | ▼ 714% |
| Change in cash | - | €27,616 | -€2,526 | -€21,226 | €15,811 | ▲ 174% |
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
19-06
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
10-07
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
31-12
Financial
Weakest financial yearnet -€14,733
Net result drops to -€14,733, the lowest in the series.
21-06
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
14-07
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
31-12
Financial
Liquidity times 7current ratio 3.82
Current ratio from 0.54 to 3.82; short-term debt falls from €721,545 to €118,286.
24-06
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
31-12
Financial
Back to profitnet €15,112
Net result €15,112 after one loss-making year.
24-06
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
10-09
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 41 days late
2019
22-07
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
22-06
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 8 acts read
About the unread acts
We know of 8 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
8 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, Elsene · 3 establishment units since 2001
Ground area
668 m²
Building footprint
359 m²
Volume, LiDAR
5,883 m³
3 parcels, Brussels, Flanders · tallest building 28.2 m, ±8 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
3 establishment units
Louizalaan 74, 1050 Brussel
since 20012.098.346.560
Schuttershofstraat 24, 2000 Antwerpen
since 20012.098.346.659
Kustlaan 147, 8300 Knokke-Heist
since 20032.126.725.394
3 parcels
Flanders
2
(66.7%)
Brussels
1
(33.3%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11803C1107/00B000 | Flanders | 341 m² | 1 · 33 m² | 23.6 m · 7 fl. |
| 31332E0022/00C000 | Flanders | 170 m² | 1 · 170 m² | 28.2 m · 8 fl. |
| 21807G0016/00V002 | Brussels | 156 m² | 1 · 156 m² | 23.6 m · 5 fl. |
Linked by address, not proof of ownership
Good to know
3 of 3 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 2,215 companies in sector 47711 we hold annual accounts for 888. 227 are within a factor 10 of this headcount. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded12-02-2001
Fiscal year end31-12
Activities, NACEBEL 2025
47711Retail sale of women's outerwear
47716Retail sale of clothing and accessories for women, men, children and babies (general range)
E-invoicing
Reachable via Peppol
Peppol ID
0208:0474060279
Also
9925:BE0474060279
Registered
18-12-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.