ALEX CONSTRUCT
ActiveSummary
The computed 12-month bankruptcy probability of ALEX CONSTRUCT is 2.8% (moderate). The 2025 annual accounts show equity of €112,984 and a net result of €74,275. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 60% of 1917 sector peers (fiscal year 2025). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability100▲+11
Solvency81▲+26
Growth78=
Track record94
Bankruptcy probability, 12 months
2.8%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €7,000 at 30 days acceptable
Liquidity ample (current ratio 1.95 against 1.42 in 2024; short-term debt: 40.8% and cash: 3.7% of total assets), and 44.5% of the assets are financed with debt.
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Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 25
Relative position
BE, all sectors
reference
Manufacture of fabricated metal products, except machinery and equipment (NACE 25)
about 50% more bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
55.5%
Return on assets
36.5%
Age of the figures
9 mo
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025Equity per financial year
2122232425
2021 to 2025 · latest year €112,984
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 20-07-2026, 11 days ahead of the deadline.
NBB · 5 filingsDeviation from the deadline
2025
11 d early
2024
60 d late
2023
33 d early
2022
5 d early
2021
19 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 5 accounts on average 2 days before the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 35% 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
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Turnover
€22,066
EBIT margin
-95.6%
Net result
€74,275▲ 259%
2024 · €20,684
Working capital
€79,160▲ 110%
2024 · €37,667
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 25, Manufacture of fabricated metal products, except machinery and equipment, 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
Turnover€22,066-
Operating result-€21,086-€22,139€14,246▼ 35.7%€30,210▲ 112%€106,743▲ 253%
Net result-€21,086below the sector's middle half-€21,906within the sector's middle half€11,204within the sector's middle half▼ 48.9%€20,684within the sector's middle half▲ 84.6%€74,275above the sector's middle half▲ 259%
EBIT margin-95.6%-
Equity-€15,086below the sector's middle half-€6,820below the sector's middle half€18,024below the sector's middle half▲ 164%€38,708within the sector's middle half▲ 115%€112,984within the sector's middle half▲ 192%
Total assets€7,211below the sector's middle half-€33,023below the sector's middle half▲ 358%€21,088below the sector's middle half▼ 36.1%€129,458within the sector's middle half▲ 514%€203,568within the sector's middle half▲ 57.2%
Debt€22,297-€26,203▲ 17.5%€3,064▼ 88.3%€90,750▲ 2,862%€90,584▼ 0.2%
Working capital-€17,991below the sector's middle half-€3,410within the sector's middle half€15,670within the sector's middle half▲ 360%€37,667within the sector's middle half▲ 140%€79,160within the sector's middle half▲ 110%
Solvency-209.2%below the sector's middle half-20.7%within the sector's middle half▲ 229.9pp85.5%above the sector's middle half▲ 64.8pp29.9%within the sector's middle half▼ 55.6pp55.5%within the sector's middle half▲ 25.6pp
Current ratio0.19below the sector's middle half-1.13within the sector's middle half▲ 0.946.11above the sector's middle half▲ 4.981.42within the sector's middle half▼ 4.701.95within the sector's middle half▲ 0.54
Return on assets (ROA)-292.4%below the sector's middle half-66.3%above the sector's middle half▲ 358.7pp53.1%above the sector's middle half▼ 13.2pp16.0%within the sector's middle half▼ 37.2pp36.5%above the sector's middle half▲ 20.5pp
above
within
below
the middle half (P25 to P75) of NACE 25, Manufacture of fabricated metal products, except machinery and equipment, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 253% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €203,568
Fixed assets
€41,320 ▲ 3,869%
Current assets
€162,248 ▲ 26.3%
Equity and liabilities €203,568
Equity
€112,984 ▲ 192%
Debt
€90,584 ▼ 0.2%
Debt's share of the balance-sheet total falls from 70.1% to 44.5%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€117,463▲
2024 · €31,523
Cash flow
€84,995▲
2024 · €21,997
Debt to equity
0.80▼
2024 · 2.34
ROE
65.7%▲
2024 · 53.4%
Interest coverage
34.35▲
2024 · 21.34
Debt ≤ 1 year
€83,088▼
2024 · €90,750
Debt > 1 year
€7,496
Income taxes
€29,048▲
2024 · €8,049
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 26,970 companies that looked in July 2024 the way this one looks now, 1.5% went bankrupt within 24 months and 95% are still going.
- Micro
- 5 to 10 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
1.5%
went bankrupt
3.4%
stopped otherwise
95%
still going
A further 0.3% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a higher bankruptcy probability: 2.8% 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 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| 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% | 1.7% |
| 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 75% 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 26,970 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 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | €22,066 | - | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €264 | €792 | €1,056 | €1,313 | €10,720 | ▲ 716% |
| Other operating charges640/8 | - | - | €194 | - | €1,558 | - |
| Gross operating margin9900 | -€20,822 | €22,931 | €15,496 | €31,523 | €119,021 | ▲ 278% |
| Operating profit (loss)9901 | -€21,086 | €22,139 | €14,246 | €30,210 | €106,743 | ▲ 253% |
| Financial charges65/66B | - | €28 | €147 | €1,477 | €3,420 | ▲ 132% |
| Recurring financial charges65 | - | €28 | €147 | €1,477 | €3,420 | ▲ 132% |
| Profit (loss) for the period before taxes9903 | -€21,086 | €22,111 | €14,099 | €28,733 | €103,323 | ▲ 260% |
| Income taxes67/77 | - | €205 | €2,895 | €8,049 | €29,048 | ▲ 261% |
| Profit (loss) for the period9904 | -€21,086 | €21,906 | €11,204 | €20,684 | €74,275 | ▲ 259% |
| Profit (loss) for the period to be appropriated9905 | -€21,086 | €21,906 | €11,204 | €20,684 | €74,275 | ▲ 259% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €7,211 | €33,023 | €21,088 | €129,458 | €203,568 | ▲ 57.2% |
| Fixed assets21/28 | €2,905 | €3,410 | €2,354 | €1,041 | €41,320 | ▲ 3,869% |
| Tangible fixed assets22/27 | €2,905 | €3,410 | €2,354 | €1,041 | €41,320 | ▲ 3,869% |
| Furniture and vehicles24 | €2,905 | €3,410 | €2,354 | €1,041 | €41,320 | ▲ 3,869% |
| Current assets29/58 | €4,306 | €29,613 | €18,734 | €128,417 | €162,248 | ▲ 26.3% |
| Amounts receivable within one year40/41 | €1,165 | €20,919 | €17,716 | €124,126 | €154,750 | ▲ 24.7% |
| Trade receivables40 | - | €19,184 | €17,481 | €123,057 | €153,265 | ▲ 24.5% |
| Other amounts receivable41 | €1,165 | €1,735 | €235 | €1,069 | €1,485 | ▲ 38.9% |
| Cash at bank and in hand54/58 | €3,141 | €8,690 | €1,018 | €4,291 | €7,498 | ▲ 74.7% |
| Deferred charges and accrued income490/1 | - | €4 | - | - | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €7,211 | €33,023 | €21,088 | €129,458 | €203,568 | ▲ 57.2% |
| Equity10/15 | -€15,086 | €6,820 | €18,024 | €38,708 | €112,984 | ▲ 192% |
| Contributions10/11 | €6,000 | €6,000 | €6,000 | €6,000 | €6,000 | = |
| Profit (loss) carried forward14 | -€21,086 | €820 | €12,024 | €32,708 | €106,984 | ▲ 227% |
| Amounts payable17/49 | €22,297 | €26,203 | €3,064 | €90,750 | €90,584 | ▼ 0.2% |
| Amounts payable after more than one year17 | - | - | - | - | €7,496 | - |
| Financial debts170/4 | - | - | - | - | €7,496 | - |
| Amounts payable within one year42/48 | €22,297 | €26,203 | €3,064 | €90,750 | €83,088 | ▼ 8.4% |
| Current portion of amounts payable after more than one year42 | - | - | - | - | €17,435 | - |
| Trade debts44 | €484 | €484 | €17 | - | €4,795 | - |
| Suppliers440/4 | €484 | €484 | €17 | - | €4,795 | - |
| Taxes, remuneration and social security45 | - | €205 | €2,881 | €12,111 | €39,978 | ▲ 230% |
| Taxes450/3 | - | €205 | €2,881 | €10,711 | €36,878 | ▲ 244% |
| Remuneration and social security454/9 | - | - | - | €1,400 | €3,100 | ▲ 121% |
| Other amounts payable47/48 | €21,813 | €25,514 | €166 | €78,639 | €20,880 | ▼ 73.4% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€21,086 | €21,906 | €11,204 | €20,684 | €74,275 | ▲ 259% |
| + Depreciation and write-downs630 | €264 | €792 | €1,056 | €1,313 | €10,720 | ▲ 716% |
| Operating cash flow (approximation) | -€20,822 | €22,698 | €12,260 | €21,997 | €84,995 | ▲ 286% |
| Investment in fixed assets (approximation) | - | -€1,297 | €0 | €0 | -€50,999 | - |
| Change in cash | - | €5,549 | -€7,672 | €3,273 | €3,207 | ▼ 2.0% |
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
20-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Highest result since 2021net €74,275 ▲259%
Operating result €106,743, net result €74,275, both a record.
31-12
Financial
Equity above €100,000Eq €112,984 ▲192%
4 profitable years in a row build equity to €112,984.
29-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 60 days late
2024
28-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Liquidity times 5current ratio 6.11
Current ratio from 1.13 to 6.11; short-term debt falls from €26,203 to €3,064.
26-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Back to profitnet €21,906
Net result €21,906 after one loss-making year.
31-12
Financial
Liquidity times 6current ratio 1.13
Current ratio from 0.19 to 1.13.
12-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 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
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, Jette · 1 establishment unit since 2021
Ground area
917 m²
Building footprint
860 m²
Volume, LiDAR
18,661 m³
Parcel 21464F0013/00K000, Brussels · tallest building 28.2 m, ±7 floors. Linked by address, not a title deed.
1 establishment unit
ALEX CONSTRUCT
since 20212.312.662.419
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21464F0013/00K000 | Brussels | 917 m² | 1 · 860 m² | 28.2 m · 7 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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Of 3,984 companies in sector 25110 we hold annual accounts for 2,146. 1,644 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
Founded02-02-2021
Fiscal year end31-12
Activities, NACEBEL 2025
25110Manufacture of metal structures and parts of structures
42110Construction of roads and motorways
42120Civil engineering
42130Civil engineering
42211Civil engineering
43120Site preparation
E-invoicing
Reachable via Peppol
Peppol ID
0208:0762824430
Also
9925:BE0762824430
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.