ALEX PN
ActiveSummary
ALEX PN has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €17,753 and a net result of €8,911. Equity is growing by ~61.1% per year across the filed fiscal years. Its solvency ranks better than 24% of 12788 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability84▲+11
Solvency49▲+10
Growth78▲+26
Track record94
Bankruptcy probability, 12 months
0.5%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1,000 at 30 days acceptable
Liquidity short (current ratio 0.82 against 0.58 in 2024; short-term debt: 75.5% and cash: 61.4% of total assets), and 75.5% of the assets are financed with debt.
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Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 69
Relative position
BE, all sectors
reference
Legal and accounting activities (NACE 69)
about 77% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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
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
24.5%
Return on assets
12.3%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 24% of 12788 sector peers (2025).
NBB · sector comparisonPosition among 12788 sector peers
Solvency
better than 24%
← weakest
strongest →
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 18-07-2026, 13 days ahead of the deadline.
NBB · 3 filingsDeviation from the deadline
2025
13 d early
2024
22 d early
2023
5 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 3 accounts on average 13 days before the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 32% 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
27-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€17,753▲ 101%
2024 · €8,843
Total assets
€72,499▲ 16.0%
2024 · €62,473
Net result
€8,911▲ 371%
2024 · €1,891
Working capital
-€10,016▲ 55.1%
2024 · -€22,326
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 69, Legal and accounting 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
Line202320242025
Operating result€7,168-€4,217▼ 41.2%€13,579▲ 222%
Net result€4,952below the sector's middle half-€1,891below the sector's middle half▼ 61.8%€8,911below the sector's middle half▲ 371%
Equity€6,952below the sector's middle half-€8,843below the sector's middle half▲ 27.2%€17,753below the sector's middle half▲ 101%
Total assets€16,405below the sector's middle half-€62,473below the sector's middle half▲ 281%€72,499below the sector's middle half▲ 16.0%
Debt€9,453-€53,630▲ 467%€54,746▲ 2.1%
Working capital-€2,616--€22,326▼ 753%-€10,016▲ 55.1%
Solvency42.4%within the sector's middle half-14.2%below the sector's middle half▼ 28.2pp24.5%below the sector's middle half▲ 10.3pp
above
within
below
the middle half (P25 to P75) of NACE 69, Legal and accounting activities, 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
The operating result recovers in 2025; 2025 is 222% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €72,499
Fixed assets
€27,769 ▼ 10.9%
Current assets
€44,730 ▲ 42.9%
Equity and liabilities €72,499
Equity
€17,753 ▲ 101%
Debt
€54,746 ▲ 2.1%
Debt's share of the balance-sheet total falls from 85.8% to 75.5%. Equity and debt are higher.
Key figures and ratios
EBITDA
€16,978▲
2024 · €7,616
Cash flow
€12,310▲
2024 · €5,290
Current ratio
0.82▲
2024 · 0.58
Debt to equity
3.08▼
2024 · 6.06
ROE
50.2%▲
2024 · 21.4%
ROA
12.3%▲
2024 · 3.0%
Interest coverage
21.88▼
2024 · 51.91
Debt ≤ 1 year
€54,746▲
2024 · €53,630
Income taxes
€3,892▲
2024 · €2,179
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 7,976 companies that looked in July 2024 the way this one looks now, 3.1% went bankrupt within 24 months and 94% are still going.
- Micro
- 2 to 5 years old
- solvency 10 to 30%
- a profit of 5% of the balance sheet or more
3.1%
went bankrupt
1.6%
stopped otherwise
94%
still going
A further 1.0% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a lower bankruptcy probability: 0.5% 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 497,058 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% | 1.6% |
| 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 7,976 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 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €2,018 | €3,399 | €3,399 | = |
| Other operating charges640/8 | €511 | €916 | €1,890 | ▲ 106% |
| Gross operating margin9900 | €9,698 | €8,532 | €18,868 | ▲ 121% |
| Operating profit (loss)9901 | €7,168 | €4,217 | €13,579 | ▲ 222% |
| Financial charges65/66B | €52 | €147 | €776 | ▲ 429% |
| Recurring financial charges65 | €52 | €147 | €776 | ▲ 429% |
| Profit (loss) for the period before taxes9903 | €7,117 | €4,070 | €12,802 | ▲ 215% |
| Income taxes67/77 | €2,165 | €2,179 | €3,892 | ▲ 78.6% |
| Profit (loss) for the period9904 | €4,952 | €1,891 | €8,911 | ▲ 371% |
| Profit (loss) for the period to be appropriated9905 | €4,952 | €1,891 | €8,911 | ▲ 371% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €16,405 | €62,473 | €72,499 | ▲ 16.0% |
| Fixed assets21/28 | €9,568 | €31,169 | €27,769 | ▼ 10.9% |
| Tangible fixed assets22/27 | €9,568 | €31,169 | €27,769 | ▼ 10.9% |
| Land and buildings22 | - | €25,000 | €25,000 | = |
| Furniture and vehicles24 | €9,568 | €6,169 | €2,769 | ▼ 55.1% |
| Current assets29/58 | €6,837 | €31,305 | €44,730 | ▲ 42.9% |
| Amounts receivable within one year40/41 | €1,249 | €31,034 | €218 | ▼ 99.3% |
| Trade receivables40 | €1,249 | €31,034 | €218 | ▼ 99.3% |
| Cash at bank and in hand54/58 | €5,588 | €271 | €44,512 | ▲ 16,347% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €16,405 | €62,473 | €72,499 | ▲ 16.0% |
| Equity10/15 | €6,952 | €8,843 | €17,753 | ▲ 101% |
| Contributions10/11 | €2,000 | €2,000 | €2,000 | = |
| Reserves13 | - | €5,000 | €15,000 | ▲ 200% |
| Distributable reserves133 | - | €5,000 | €15,000 | ▲ 200% |
| Profit (loss) carried forward14 | €4,952 | €1,843 | €753 | ▼ 59.1% |
| Amounts payable17/49 | €9,453 | €53,630 | €54,746 | ▲ 2.1% |
| Amounts payable within one year42/48 | €9,453 | €53,630 | €54,746 | ▲ 2.1% |
| Trade debts44 | €1,205 | €30,403 | €394 | ▼ 98.7% |
| Suppliers440/4 | €1,205 | €30,403 | €394 | ▼ 98.7% |
| Taxes, remuneration and social security45 | €6,569 | €7,352 | €8,084 | ▲ 10.0% |
| Taxes450/3 | €6,569 | €7,352 | €8,084 | ▲ 10.0% |
| Other amounts payable47/48 | €1,679 | €15,875 | €46,268 | ▲ 191% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €4,952 | €1,891 | €8,911 | ▲ 371% |
| + Depreciation and write-downs630 | €2,018 | €3,399 | €3,399 | = |
| Operating cash flow (approximation) | €6,970 | €5,290 | €12,310 | ▲ 133% |
| Investment in fixed assets (approximation) | - | -€25,000 | €0 | ▲ 100% |
| Change in cash | - | -€5,318 | €44,242 | ▲ 932% |
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
18-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Highest result since 2023net €8,911 ▲371%
Operating result €13,579, net result €8,911, both a record.
09-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Weakest financial yearnet €1,891 ▼61.8%
Net result drops to €1,891, the lowest in the series; recovery starts the following year.
26-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
Location & real-estate footprint
Registered office, Waremme · 2 establishment units since 2023
Ground area
1,759 m²
Building footprint
89 m²
Volume, LiDAR
733 m³
2 parcels, Wallonia · tallest building 9.6 m, ±3 floors. Linked by address, not a title deed.
7
companies at this address
See who is registered here
2 establishment units
ALEX PN
since 20232.346.138.010
ALEX PN
since 20232.346.169.583
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 62814C0248/00Z002 | Wallonia | 937 m² | - | - |
| 64030A0289/00L000 | Wallonia | 823 m² | 1 · 89 m² | 9.6 m · 3 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
Bénédicte De Beys
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ATAEI
BE 1010.917.568
Elsene · Eq €17,764
Benjamin Pierard, Avocat
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Ukkel · Eq €17,771
ORTHRUS
BE 0759.404.783
Menen · Eq €17,728
ADVOCATENKANTOOR DE MULDER
BE 0508.689.576
Hoogstraten · Eq €17,780
Of 22,076 companies in sector 69101 we hold annual accounts for 9,058. 5,913 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
Founded06-06-2023
Fiscal year end31-12
Activities, NACEBEL 2025
69101Activities of lawyers
Contact
E-mail
alexandre.pirson@explane.be
E-invoicing
Reachable via Peppol
Peppol ID
0208:0802455264
Also
9925:BE0802455264
Registered
02-02-2026
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.