ALEO
ActiveSummary
ALEO has been active since 2019 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €47,067 and a net result of €27,841. Equity is shrinking by about 3.9% per year across the filed financial years. Its solvency ranks better than 70% of 821 sector peers (NACE 58, financial year 2025). The computed 12-month bankruptcy probability is below 0.1% (very low).
Overview
- Equity
- €47,067
- Profit
- €27,841
Why 98lowers riskSector: Publishing activities (NACE 58)Liquidity: current ratio 3.06, cash €24,174, halvedEquity €47,067 (74.4% of total assets)Figures for financial year 2025 (filed 09-07-2026)Show the evidence
Checked score
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
How it is calculated
The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 58, micro): better than 73% on solvency, 79% on liquidity, 93% on profitability and 94% on growth.
The bankruptcy probability was computed on 28-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).
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Signals
This company filed its last 7 accounts on average 35 days before the deadline; the sector median (NACE 58) for financial year 2024 is 7 days before the deadline, and 37% of those companies filed late.
Searched, nothing found (2)
- Annual accounts filedfinancial year 2025 · micro…
- Liquidity more than doubledcurrent ratio 3.06
- Annual accounts filedfinancial year 2024 · micro…
Financials · financial year 2025, micro format
2021 to 2025, 5 financial years 2019 to 2025, 7 financial years
The operating result recovers in 2025; 2025 is nearly 5.4 times 2024 and is the highest result in the available series.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 58, Publishing activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Peer companies
Historical observationOf the 26,972 companies that looked in July 2024 the way this one looks now, 1.6% went bankrupt within 24 months and 94.9% are still going.
- Micro
- 5 to 10 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
A further 0.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a lower bankruptcy probability: < 0.1% 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 497,445 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% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 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 74.5% 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 26,972 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.
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | - | €54 | €706 | €706 | €652 | €306 | ▼ 53.1% |
| Other operating charges640/8 | - | - | €961 | €968 | €1,129 | €1,301 | €1,585 | ▲ 21.8% |
| Non-recurring operating charges66A | - | - | - | - | €0 | - | - | - |
| Gross operating margin9900 | €77,352 | -€10,657 | €16,504 | -€600 | €11,702 | €9,285 | €41,226 | ▲ 344% |
| Operating profit (loss)9901 | €76,282 | -€11,396 | €15,489 | -€2,275 | €9,867 | €7,332 | €39,335 | ▲ 436% |
| Financial income75/76B | - | - | €16 | €1 | €3 | €2 | €3 | ▲ 25.4% |
| Recurring financial income75 | - | €70 | €16 | €1 | €3 | €2 | €3 | ▲ 25.4% |
| Financial charges65/66B | - | - | €104 | €122 | €171 | €126 | €127 | ▲ 0.5% |
| Recurring financial charges65 | €6 | €39 | €104 | €122 | €171 | €126 | €127 | ▲ 0.5% |
| Profit (loss) for the period before taxes9903 | €76,277 | -€11,365 | €15,400 | -€2,397 | €9,700 | €7,208 | €39,211 | ▲ 444% |
| Income taxes67/77 | €21,407 | €135 | €1,832 | €275 | €3,155 | €2,593 | €11,370 | ▲ 338% |
| Profit (loss) for the period9904 | €54,870 | -€11,500 | €13,568 | -€2,671 | €6,545 | €4,615 | €27,841 | ▲ 503% |
| Profit (loss) for the period to be appropriated9905 | €54,870 | -€11,500 | €13,568 | -€2,671 | €6,545 | €4,615 | €27,841 | ▲ 503% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €87,812 | €76,567 | €67,086 | €66,128 | €70,805 | €75,961 | €63,271 | ▼ 16.7% |
| Fixed assets21/28 | - | - | €2,065 | €1,359 | €652 | €1,000 | €13,657 | ▲ 14× |
| Tangible fixed assets22/27 | - | - | €2,065 | €1,359 | €652 | €0 | €12,657 | - |
| Furniture and vehicles24 | - | - | €2,065 | €1,359 | €652 | - | €12,657 | - |
| Financial fixed assets28 | - | - | - | - | - | €1,000 | €1,000 | = |
| Current assets29/58 | €87,812 | €76,567 | €65,022 | €64,770 | €70,153 | €74,961 | €49,614 | ▼ 33.8% |
| Amounts receivable within one year40/41 | €11,211 | €10,171 | €8,853 | €21,249 | €13,262 | €8,369 | €22,798 | ▲ 172% |
| Trade receivables40 | - | - | €8,420 | €20,523 | €12,537 | €7,521 | €19,183 | ▲ 155% |
| Other amounts receivable41 | - | - | €434 | €725 | €725 | €848 | €3,615 | ▲ 326% |
| Cash at bank and in hand54/58 | €76,601 | €66,396 | €56,168 | €43,521 | €56,213 | €65,511 | €24,174 | ▼ 63.1% |
| Deferred charges and accrued income490/1 | - | - | - | - | €678 | €1,081 | €2,642 | ▲ 144% |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €87,812 | €76,567 | €67,086 | €66,128 | €70,805 | €75,961 | €63,271 | ▼ 16.7% |
| Equity10/15 | €61,370 | €49,869 | €63,437 | €60,766 | €67,311 | €19,226 | €47,067 | ▲ 145% |
| Contributions10/11 | €6,500 | - | €6,500 | €6,500 | €6,500 | €6,500 | €6,500 | = |
| Reserves13 | €54,560 | €54,560 | €56,910 | €56,910 | €59,910 | €11,010 | €38,010 | ▲ 245% |
| Non-distributable reserves130/1 | - | - | €1,860 | €1,860 | €0 | - | - | - |
| Reserves not available under the articles1311 | - | - | €1,860 | €1,860 | €0 | - | - | - |
| Distributable reserves133 | - | - | €55,050 | €55,050 | €59,910 | €11,010 | €38,010 | ▲ 245% |
| Profit (loss) carried forward14 | €310 | -€11,191 | €27 | -€2,644 | €901 | €1,716 | €2,557 | ▲ 49.0% |
| Amounts payable17/49 | €26,443 | €26,697 | €3,649 | €5,362 | €3,494 | €56,735 | €16,204 | ▼ 71.4% |
| Amounts payable within one year42/48 | €26,443 | €26,697 | €3,649 | €5,362 | €3,494 | €56,735 | €16,204 | ▼ 71.4% |
| Financial debts43 | - | - | €0 | €0 | - | - | - | - |
| Credit institutions430/8 | - | - | €0 | €0 | - | - | - | - |
| Trade debts44 | €3,953 | €2,172 | €261 | €256 | €408 | €7 | €12,165 | ▲ 1,763× |
| Suppliers440/4 | - | - | €261 | €256 | €408 | €7 | €12,165 | ▲ 1,763× |
| Taxes, remuneration and social security45 | - | - | €1,967 | €3,652 | €1,629 | €5,205 | €3,818 | ▼ 26.6% |
| Taxes450/3 | - | - | €1,967 | €3,652 | €1,629 | €5,205 | €3,818 | ▼ 26.6% |
| Remuneration and social security454/9 | - | - | €0 | €0 | €0 | - | - | - |
| Other amounts payable47/48 | - | - | €1,420 | €1,453 | €1,457 | €51,524 | €221 | ▼ 99.6% |
| Accrued charges and deferred income492/3 | - | - | - | - | €0 | - | - | - |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €54,870 | -€11,500 | €13,568 | -€2,671 | €6,545 | €4,615 | €27,841 | ▲ 503% |
| + Depreciation and write-downs630 | - | - | €54 | €706 | €706 | €652 | €306 | ▼ 53.1% |
| Operating cash flow (approximation) | €54,870 | -€11,500 | €13,622 | -€1,965 | €7,251 | €5,268 | €28,147 | ▲ 434% |
| Investment in fixed assets (approximation) | - | - | - | €0 | €0 | -€1,000 | -€12,963 | ▼ 1,196% |
| Change in cash | - | -€10,206 | -€10,227 | -€12,647 | €12,692 | €9,298 | -€41,337 | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Filings with the National Bank (7)
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | micro format | 09-07-2026 | 2026-00272057 |
| 31-12-2024 | micro format | 09-07-2025 | 2025-00247561 |
| 31-12-2023 | micro format | 22-07-2024 | 2024-00267426 |
| 31-12-2022 | micro format | 26-05-2023 | 2023-00095118 |
| 31-12-2021 | micro format | 12-05-2022 | 2022-20027052 |
| 31-12-2020 | micro format | 27-07-2021 | 2021-41100515 |
| 31-12-2019 | micro format | 19-06-2020 | 2020-18700102 |
Similar companies · same sector, comparable size
Public contracts
Source: TED (Tenders Electronic Daily), Publications Office of the European Union. Values as the buyer published them; for a framework agreement, a ceiling.
Directors
Not every act has been read: a resignation may still be missing
Mandate history
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| GERON Anne-Catherine Louise Adeline |
|
Owners and capital
Capital and shareholders
- GERON Anne-Catherine Louise Adeline 500 shares
- BRUYERE Xavier Josiane Pierre Jules 500 shares
The Belgian Official Gazette names shareholders only when an act mentions them; the share register itself is not published.
- 21-06-2023 Converted to unavailable equity
Group and network
Connections & network
1 current directorThe network starts from this company’s directors. Other companies they run appear here as nodes.
History
Acts, filings and financial milestones
21-06
Gazette deed
Reappointment: GERON Anne-Catherine Louise Adeline (administrateur non statutaire)Shareholding · Capital conversion · Amendment of the articles10 facts ▸
- General meeting, 14-06-2023 (2 times)
- Shareholding, 14-06-2023, 500 (2 times)
- Other provision, “capital-actions en assemblée”, 1000 (deed in French)
- Capital conversion, “compte de capitaux propres statutairement indisponible” (deed in French)
- Amendment of the articles
- Capital
- Director reappointment, GERON Anne-Catherine Louise Adeline (administrateur non statutaire)
- Registered office clause, “unanimité, 4000 Liège,rue Sainte-Walburge,165” (deed in French)
- Other provision, 1100, “frais et droit d'écriture” (deed in French)
- Other provision, “Liège,Etude (2ème Canton), clôture et signature” (deed in French)
About the unread acts
Of the 2 Belgian Official Gazette deeds we know for this company, 1 has been read. The other one has not been read yet: what they contain is neither established nor disproved here.
Register details
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.
Sites & property
1 establishment unit
1 parcel
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 62818E0433/00E000 | Wallonia | 1,008 m² | 1 · 104 m² | 10.4 m · 3 |
How the parcels are linked
Articles of association
What the company does
- PurposeThe activities the company may carry out under its articles.
- “La formation,l'accompagnement d’équipe et/ou individuel,la consultance en matière financière,en gestion,en management,en ressources…” (deed in French)
4 activities (deed in French)
- La formation,l'accompagnement d’équipe et/ou individuel,la consultance en matière financière,en gestion,en management,en ressources humaines,en développement et apparentées
- L’organisation de séminaires,d’événements au sens le plus large,à la mise en œuvre des concepts et technologies développés dans le cadre d’activités de conseil dans le domaine de la gestion,des thématiques de ressources humaines,de développement et apparentées
- L’édition et/ou la diffusion de tous livres,revues et ouvrages en rapport ou non avec son objet social
- L’aide à la création de petites et moyennes entreprises
- DurationHow long the company exists; usually unlimited, so until it is dissolved.
- Unlimited
- Name clauseThe name the company operates under according to its articles.
- ALEO
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- “Région wallonne, sièges administratifs,agences,ateliers,dépôts,succursales Belgique et étranger par organe d'administration” (deed in French)
Who represents it, and how
- Board ruleHow the board is made up, meets and takes decisions.
- “Avec ou sans limitation de durée, organe d'administration” (deed in French)“Révocables ad nutum, assemblée générale” (deed in French)“Fixe ou proportionnelle, frais de représentation,voyages et déplacements” (deed in French)
Capital, shares and profit
- Transfer restrictionWhether shareholders may sell their shares freely or need approval first.
- One provision in the deed
- Share issue ruleHow and by whom new shares can be issued.
- One provision in the deed
- Financial instrumentSecurities other than shares, such as bonds or warrants, the company can issue.
- One provision in the deed
Meetings and financial year
- Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
- Last Friday of April at 16:00
Oversight and winding up
- Dissolution ruleWhen and by whom the company can be dissolved.
- “Tout temps par assemblée formes modifications statuts” (deed in French)“Convoquer assemblée dans deux mois constatation,rapport spécial continuité annoncé et transmis, actif net risque négatif ou négatif” (deed in French)
- Liquidation ruleHow assets are shared after dissolution: creditors first, then shareholders.
- One provision in the deed