ALEX
ActiveSummary
ALEX has been active since 1986 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€133,660) and a net result of -€900. Equity remains stable across the filed fiscal years (±0.8% per year). Its solvency ranks better than 12% of 18458 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.3% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability36▼-13
Solvency0=
Growth58=
Track record100
Bankruptcy probability, 12 months
1.3%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.62 against 0.68 in 2024; short-term debt: 160.3% and cash: 2.4% of total assets), and 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
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 2025Solvency, return and age of the figures
Solvency
-60.3%
Return on assets
-0.4%
Age of the figures
9 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 →
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year -€133,660
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 09-06-2026, 52 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
52 d early
2024
18 d late
2023
50 d early
2022
4 d early
2021
52 d early
2020
5 d early
2019
3 d early
← 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 21 days before the deadline; the sector median for financial year 2024 is on the deadline day, and 46% 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.
Companies Code · seven monthsPosition in the running window
26-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
-€900
2024 · €13,046
Working capital
-€135,432▼ 0.7%
2024 · -€134,532
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-€19,399▲ 42.3%-€9,497▲ 51.0%€37,045€17,810▼ 51.9%€8,765▼ 50.8%
Net result-€21,156▲ 43.8%-€11,506▲ 45.6%€34,272€13,046▼ 61.9%-€900
Equity-€168,572▼ 14.4%-€180,078▼ 6.8%-€145,806▲ 19.0%-€132,760▲ 8.9%-€133,660▼ 0.7%
Total assets€215,699▲ 28.8%€203,130▼ 5.8%€274,240▲ 35.0%€290,361▲ 5.9%€221,709▼ 23.6%
Debt€384,271▲ 22.0%€383,208▼ 0.3%€420,046▲ 9.6%€423,121▲ 0.7%€355,369▼ 16.0%
Working capital-€173,180▼ 12.7%-€183,018▼ 5.7%-€147,578▲ 19.4%-€134,532▲ 8.8%-€135,432▼ 0.7%
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2025 is 51% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €221,709
Fixed assets
€1,772 =
Current assets
€219,937 ▼ 23.8%
Key figures and ratios
Solvency
-60.3%▼
2024 · -45.7%
Current ratio
0.62▼
2024 · 0.68
Quick ratio
0.01▼
2024 · 0.04
Debt to equity
-2.66▲
2024 · -3.19
ROA
-0.4%▼
2024 · 4.5%
Debt ≤ 1 year
€355,369▼
2024 · €423,121
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,668 | €1,668 | €1,168 | - | - | - |
| Other operating charges640/8 | €812 | €1,686 | €1,825 | €1,846 | €1,882 | ▲ 2.0% |
| Gross operating margin9900 | -€16,919 | -€6,143 | €40,038 | €19,656 | €10,647 | ▼ 45.8% |
| Operating profit (loss)9901 | -€19,399 | -€9,497 | €37,045 | €17,810 | €8,765 | ▼ 50.8% |
| Financial charges65/66B | €1,757 | €2,009 | €2,773 | €4,764 | €9,665 | ▲ 103% |
| Recurring financial charges65 | €1,757 | €2,009 | €2,773 | €4,764 | €9,665 | ▲ 103% |
| Profit (loss) for the period before taxes9903 | -€21,156 | -€11,506 | €34,272 | €13,046 | -€900 | ▼ 107% |
| Profit (loss) for the period9904 | -€21,156 | -€11,506 | €34,272 | €13,046 | -€900 | ▼ 107% |
| Profit (loss) for the period to be appropriated9905 | -€21,156 | -€11,506 | €34,272 | €13,046 | -€900 | ▼ 107% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €215,699 | €203,130 | €274,240 | €290,361 | €221,709 | ▼ 23.6% |
| Fixed assets21/28 | €4,608 | €2,940 | €1,772 | €1,772 | €1,772 | = |
| Tangible fixed assets22/27 | €2,836 | €1,168 | - | - | €0 | - |
| Plant, machinery and equipment23 | €2,836 | €1,168 | - | - | - | - |
| Financial fixed assets28 | €1,772 | €1,772 | €1,772 | €1,772 | €1,772 | = |
| Current assets29/58 | €211,091 | €200,190 | €272,468 | €288,589 | €219,937 | ▼ 23.8% |
| Stocks and contracts in progress3 | €181,680 | €188,250 | €259,550 | €273,175 | €214,725 | ▼ 21.4% |
| Stocks30/36 | €181,680 | €188,250 | €259,550 | €273,175 | €214,725 | ▼ 21.4% |
| Cash at bank and in hand54/58 | €29,294 | €11,940 | €10,533 | €15,260 | €5,212 | ▼ 65.8% |
| Deferred charges and accrued income490/1 | €117 | - | €2,385 | €154 | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €215,699 | €203,130 | €274,240 | €290,361 | €221,709 | ▼ 23.6% |
| Equity10/15 | -€168,572 | -€180,078 | -€145,806 | -€132,760 | -€133,660 | ▼ 0.7% |
| Contributions10/11 | €18,592 | €18,592 | €18,592 | €18,592 | €18,592 | = |
| Reserves13 | €1,859 | €1,859 | €1,859 | €1,859 | €1,859 | = |
| Non-distributable reserves130/1 | €1,859 | €1,859 | - | - | - | - |
| Reserves not available under the articles1311 | €1,859 | €1,859 | - | - | - | - |
| Distributable reserves133 | - | - | €1,859 | €1,859 | €1,859 | = |
| Profit (loss) carried forward14 | -€189,023 | -€200,529 | -€166,257 | -€153,211 | -€154,111 | ▼ 0.6% |
| Amounts payable17/49 | €384,271 | €383,208 | €420,046 | €423,121 | €355,369 | ▼ 16.0% |
| Amounts payable within one year42/48 | €384,271 | €383,208 | €420,046 | €423,121 | €355,369 | ▼ 16.0% |
| Financial debts43 | €297 | €24,177 | €42,776 | €74,798 | €38,076 | ▼ 49.1% |
| Credit institutions430/8 | €297 | €24,177 | €42,776 | €74,798 | €38,076 | ▼ 49.1% |
| Trade debts44 | €37,708 | €9,580 | €13,181 | €4,627 | €2,600 | ▼ 43.8% |
| Suppliers440/4 | €37,708 | €9,580 | €13,181 | €4,627 | €2,600 | ▼ 43.8% |
| Taxes, remuneration and social security45 | €8,373 | €1,479 | €3,794 | €4,483 | €9,128 | ▲ 104% |
| Taxes450/3 | €8,373 | €1,479 | €3,794 | €4,483 | €9,128 | ▲ 104% |
| Other amounts payable47/48 | €337,893 | €347,972 | €360,295 | €339,213 | €305,565 | ▼ 9.9% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€21,156 | -€11,506 | €34,272 | €13,046 | -€900 | ▼ 107% |
| + Depreciation and write-downs630 | €1,668 | €1,668 | €1,168 | - | - | - |
| Operating cash flow (approximation) | -€19,488 | -€9,838 | €35,440 | €13,046 | -€900 | ▼ 107% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | €0 | - |
| Change in cash | - | -€17,354 | -€1,407 | €4,727 | -€10,048 | ▼ 313% |
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
09-06
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
18-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 18 days late
2024
11-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Back to profitnet €34,272
Net result €34,272 after 3 loss-making years.
27-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
09-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
26-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
28-07
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
31-12
Financial
Back to profitnet €15,764
Net result €15,764 after one loss-making year.
21-06
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
18-06
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
22-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 22 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 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
3 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 · 1 establishment unit since 1986
Ground area
124 m²
Building footprint
124 m²
Volume, LiDAR
1,554 m³
Parcel 21009A0766/00B004, Brussels · tallest building 17.9 m, ±4 floors. Linked by address, not a title deed.
4
companies at this address
See who is registered here
1 establishment unit
ALEX
since 19862.036.967.633
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21009A0766/00B004 | Brussels | 124 m² | 1 · 124 m² | 17.9 m · 4 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.
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This company's figures show no positive equity and no headcount, so a size comparison is not possible. These companies share only the sector and the region. Of 2,016 companies in sector 47770 we hold annual accounts for 897. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded28-05-1986
Fiscal year end31-12
Activities, NACEBEL 2025
47770Retail sale of watches and jewellery
Scores and ratios are computed by Checked and are not a credit decision.