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ALEX

Active
Private limited companyfounded 201412 yrs activeHochstrasse 32, 4730 Raeren, BelgiumKBO/BCE: BE 0561.917.634
Summary

The computed 12-month bankruptcy probability of ALEX is 2.5% (moderate). The 2025 annual accounts show negative equity (-€3,762) and a net result of -€14,257. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 7% of 28184 sector peers (fiscal year 2025). The company has been active since 2014 and the Belgian State Gazette contains no insolvency or warning signals.

Checked score

Score 2025
Axes · tick = 2024
Profitability0▼-78
Solvency11▼-41
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
2.5% Moderate
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.72 against 1.21 in 2024; short-term debt: 114.4% and cash: 24.5% of total assets), and equity is negative.
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Signals

Seven 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 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← fewer bankruptcies more bankruptcies →
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 2025
Solvency, return and age of the figures
Solvency
-14.4%
Return on assets
-54.4%
Age of the figures
9 mo
raises risk · Multiple establishment units
Several establishment units mean more fixed costs, and such companies fail more often than a company with one establishment.
KBO · establishment units
raises risk · Higher-failure-rate region
In this region companies fail more often than in the rest of the country.
KBO · registered office
lowers risk · 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
highest failure risk from 2 to 8 years 12 years 0 20 y
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025
Equity per financial year
1819202122232425
2018 to 2025 · latest year -€3,762
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 30-06-2026, 31 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
31 d early
2024
31 d early
2023
5 d early
2022
11 d early
2021
31 d early
2020
61 d early
2019
34 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 29 days before the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% 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 months
Position in the running window
27-09-2026 today31-12-2026 close31-07-2027 deadline
neutral · 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

History

On 12 September 2014, ALEX was incorporated.1 Total assets went from EUR 14,090 in 2018 to EUR 26,196 in 2025.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2018 and 2025

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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
-€14,257
2024 · €3,037
Working capital
-€8,416
2024 · €5,992
Trend over the years

Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 43, Specialised construction activities, 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
Line20212022202320242025
Operating result€9,179▲ 459%€10,825▲ 17.9%-€69€3,956-€14,213
Net result€8,955▲ 463%€9,710▲ 8.4%-€176€3,037-€14,257below the sector's middle half
Equity€1,124€9,234▲ 722%€9,059▼ 1.9%€10,496▲ 15.9%-€3,762below the sector's middle half
Total assets€23,333▲ 47.5%€34,195▲ 46.6%€46,945▲ 37.3%€39,430▼ 16.0%€26,196below the sector's middle half▼ 33.6%
Debt€22,209▼ 6.1%€24,961▲ 12.4%€37,886▲ 51.8%€28,935▼ 23.6%€29,958▲ 3.5%
Working capital€551€8,146▲ 1,378%€2,356▼ 71.1%€5,992▲ 154%-€8,416
Solvency4.8%▲ 54.3pp27.0%▲ 22.2pp19.3%▼ 7.7pp26.6%▲ 7.3pp-14.4%below the sector's middle half▼ 41.0pp
above within below the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
-€20,000-€10,000€0€10,000Operating result 2021: €9,179€9,179Net result 2021: €8,955€8,955Operating result 2022: €10,825€10,825Net result 2022: €9,710€9,710Operating result 2023: -€69-€69Net result 2023: -€176-€176Operating result 2024: €3,956€3,956Net result 2024: €3,037€3,037Operating result 2025: -€14,213-€14,213Net result 2025: -€14,257-€14,25720212022202320242025-€15,000-€10,000-€5,000€0€5,000Operating result 2023: -€69-€69Net result 2023: -€176-€176Operating result 2024: €3,956€3,960Net result 2024: €3,037€3,040Operating result 2025: -€14,213-€14,200Net result 2025: -€14,257-€14,300202320242025
The operating result turns negative in 2025: a loss of €14,213 after €3,956 in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €26,196
Fixed assets €4,654 ▲ 3.4%
Current assets €21,542 ▼ 38.3%
Key figures and ratios
2025 value · change against 2024
EBITDA
-€11,704▼
2024 · €6,644
Cash flow
-€11,749▼
2024 · €5,726
Current ratio
0.72▼
2024 · 1.21
Quick ratio
0.57▼
2024 · 1.03
Debt to equity
-7.96▼
2024 · 2.76
ROA
-54.4%▼
2024 · 7.7%
Interest coverage
-260.04▼
2024 · 39.18
Debt ≤ 1 year
€29,958▲
2024 · €28,935
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 6,943 companies that looked in July 2024 the way this one looks now, 5.5% went bankrupt within 24 months and 85% are still going.

  • Micro
  • 10 to 20 years old
  • negative equity
  • a loss of 10% of the balance sheet or more
5.5% went bankrupt
8.1% stopped otherwise
85% still going

A further 1.5% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a bankruptcy probability of 2.5% 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%.

The companies in ten equal groups, from lowest to highest expected share.
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 6,943 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
Filed annual accounts As filed with the NBB · 2025 against 2024 · 41 lines
Balance sheet Code20242025
Assets
Total assets20/58€39,430€26,196▼
Fixed assets21/28€4,503€4,654▲
Tangible fixed assets22/27€4,503€4,654▲
Plant, machinery and equipment23€4,088€4,362▲
Other tangible fixed assets26€415€293▼
Current assets29/58€34,927€21,542▼
Stocks and contracts in progress3€5,153€4,325▼
Stocks30/36€5,153€4,325▼
Amounts receivable within one year40/41€22,139€9,766▼
Trade receivables40€13,372€2,540▼
Other amounts receivable41€8,767€7,226▼
Cash at bank and in hand54/58€6,641€6,426▼
Deferred charges and accrued income490/1€995€1,025▲
Equity and liabilities
Total equity and liabilities10/49€39,430€26,196▼
Equity10/15€10,496-€3,762▼
Contributions10/11€7,000€7,000=
Profit (loss) carried forward14€3,496-€10,762▼
Amounts payable17/49€28,935€29,958▲
Amounts payable within one year42/48€28,935€29,958▲
Trade debts44€3,089€5,058▲
Suppliers440/4€3,089€5,058▲
Taxes, remuneration and social security45€2,722€4,414▲
Taxes450/3€2,722€4,414▲
Other amounts payable47/48€23,124€20,486▼
Income statement Code20242025
Remuneration, social security and pensions62€303-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2,689€2,508▼
Other operating charges640/8€93-
Gross operating margin9900€7,041-€11,704▼
Operating profit (loss)9901€3,956-€14,213▼
Financial income75/76B€3€1▼
Recurring financial income75€3€1▼
Financial charges65/66B€170€45▼
Recurring financial charges65€170€45▼
Profit (loss) for the period before taxes9903€3,789-€14,257▼
Income taxes67/77€752-
Profit (loss) for the period9904€3,037-€14,257▼
Profit (loss) for the period to be appropriated9905€3,037-€14,257▼
Appropriation of the result
Profit (loss) to be appropriated9906€5,096-€10,762▼
Profit (loss) brought forward from the previous period14P€2,059€3,496▲
Profit to be distributed694/7€1,600-
Return on contributions (dividend)694€1,600-

The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20212022202320242025Change
Remuneration, social security and pensions62€150€257€48€303--
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€34€329€879€2,689€2,508▼ 6.7%
Other operating charges640/8---€93--
Gross operating margin9900€9,363€11,411€857€7,041-€11,704▼ 266%
Operating profit (loss)9901€9,179€10,825-€69€3,956-€14,213▼ 459%
Financial income75/76B€0€2€39€3€1▼ 73.5%
Recurring financial income75€0€2€39€3€1▼ 73.5%
Financial charges65/66B€224€53€145€170€45▼ 73.5%
Recurring financial charges65€224€53€145€170€45▼ 73.5%
Profit (loss) for the period before taxes9903€8,955€10,773-€176€3,789-€14,257▼ 476%
Income taxes67/77-€1,063-€752--
Profit (loss) for the period9904€8,955€9,710-€176€3,037-€14,257▼ 569%
Profit (loss) for the period to be appropriated9905€8,955€9,710-€176€3,037-€14,257▼ 569%
Line20212022202320242025Change
Assets
Total assets20/58€23,333€34,195€46,945€39,430€26,196▼ 33.6%
Fixed assets21/28€572€1,088€6,702€4,503€4,654▲ 3.4%
Tangible fixed assets22/27€572€1,088€6,702€4,503€4,654▲ 3.4%
Plant, machinery and equipment23€572€1,088€6,702€4,088€4,362▲ 6.7%
Other tangible fixed assets26---€415€293▼ 29.5%
Current assets29/58€22,760€33,107€40,243€34,927€21,542▼ 38.3%
Stocks and contracts in progress3€4,158€11,323€13,345€5,153€4,325▼ 16.1%
Stocks30/36€4,158€5,323€5,865€5,153€4,325▼ 16.1%
Contracts in progress37-€6,000€7,480---
Amounts receivable within one year40/41€18,019€16,027€24,666€22,139€9,766▼ 55.9%
Trade receivables40€17,436€11,515€20,071€13,372€2,540▼ 81.0%
Other amounts receivable41€583€4,512€4,595€8,767€7,226▼ 17.6%
Cash at bank and in hand54/58€583€5,221€2,232€6,641€6,426▼ 3.2%
Deferred charges and accrued income490/1-€536-€995€1,025▲ 3.1%
Equity and liabilities
Total equity and liabilities10/49€23,333€34,195€46,945€39,430€26,196▼ 33.6%
Equity10/15€1,124€9,234€9,059€10,496-€3,762▼ 136%
Contributions10/11€7,000€7,000€7,000€7,000€7,000=
Profit (loss) carried forward14-€5,876€2,234€2,059€3,496-€10,762▼ 408%
Amounts payable17/49€22,209€24,961€37,886€28,935€29,958▲ 3.5%
Amounts payable within one year42/48€22,209€24,961€37,886€28,935€29,958▲ 3.5%
Trade debts44€500€1,561€4,869€3,089€5,058▲ 63.8%
Suppliers440/4€500€1,561€4,869€3,089€5,058▲ 63.8%
Taxes, remuneration and social security45€3,527€2,006€5,923€2,722€4,414▲ 62.2%
Taxes450/3€3,527€2,006€5,923€2,722€4,414▲ 62.2%
Other amounts payable47/48€18,183€21,395€27,095€23,124€20,486▼ 11.4%
Line20212022202320242025Change
Profit (loss) for the period9904€8,955€9,710-€176€3,037-€14,257▼ 569%
+ Depreciation and write-downs630€34€329€879€2,689€2,508▼ 6.7%
Operating cash flow (approximation)€8,990€10,040€704€5,726-€11,749▼ 305%
Investment in fixed assets (approximation)--€845-€6,493-€490-€2,660▼ 443%
Change in cash-€4,638-€2,990€4,409-€215▼ 105%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

Next filing, fiscal year 2026, expected by 31-07-2027
2026
30-06
NBB filing Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial Weakest financial yearnet -€14,257
Net result drops to -€14,257, the lowest in the series.
30-06
NBB filing Annual accounts filed
fiscal year 2024 · unclassified schema
2024
31-12
Financial Back to profitnet €3,037
Net result €3,037 after one loss-making year.
26-07
NBB filing Annual accounts filed
fiscal year 2023 · unclassified schema
2023
20-07
NBB filing Annual accounts filed
fiscal year 2022 · unclassified schema
2022
31-12
Financial Highest result since 2018net €9,710 ▲8.4%
Operating result €10,825, net result €9,710, both a record.
30-06
NBB filing Annual accounts filed
fiscal year 2021 · unclassified schema
2021
31-05
NBB filing Annual accounts filed
fiscal year 2020 · unclassified schema
2020
31-12
Financial Back to profitnet €1,591
Net result €1,591 after 2 loss-making years.
27-06
NBB filing Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
25-06
NBB filing Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
30-06
NBB filing Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
21-08
NBB filing Annual accounts filed
fiscal year 2016 · abbreviated schema · 21 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts

We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.

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Directors · office · real estate

Directors
1 act for this company is 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, Raeren · 2 establishment units since 2014
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.

Hochstrasse 324730 Raeren
2 establishment units
ALEX
Hochstrasse 32, 4730 RaerenJoinery installation
since 20142.234.770.330
ALEX
Gewerbestrasse 23, 4731 RaerenJoinery installation
since 20262.388.732.787

Similar companies · same sector, comparable size

Of 20,025 companies in sector 43320 we hold annual accounts for 9,134. 4,755 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
Founded12-09-2014
Fiscal year end31-12
Activities, NACEBEL 2025
43320Joinery installation
43331Floor and wall tiling
43332Laying of wooden floor and wall coverings
43333Wallpapering and laying of floor and wall coverings in other materials
43341Painting of buildings
E-invoicing
Reachable via Peppol
Peppol ID 0208:0561917634
Also 9925:BE0561917634
Registered 05-01-2026

Register as of 27 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.