ALEX PROJECTS
ActiveSummary
ALEX PROJECTS has been active since 1988 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €525k and a net result of €8k. Equity is growing by ~6.4% per year across the filed fiscal years. The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability40▲+1
Solvency83=
Growth52=
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €35k at 30 days acceptable
Liquidity ample (current ratio 43.05 against 37.72 in 2024; short-term debt: 2.3% and cash: 37.8% of total assets), and 41.8% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four 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
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
58.2%
Return on assets
0.8%
Age of the figures
9 mo
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 07-07-2026, 24 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
24 d early
2024
36 d early
2023
36 d early
2022
34 d early
2021
34 d early
2020
58 d early
2019
38 d early
← before the deadline
after the deadline →
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
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€525k▲ 1.4%
2024 · €518k
2018: €284klowest in 8 years
2019: €347k▲ +22.4% vs 2018
2020: €443k▲ +27.7% vs 2019
2021: €451k▲ +1.8% vs 2020
2022: €493k▲ +9.3% vs 2021
2023: €513k▲ +4.1% vs 2022
2024: €518k▲ +0.9% vs 2023
2025: €525k▲ +1.4% vs 2024highest in 8 years
2018 → 2025
Total assets
€903k▲ 0.4%
2024 · €899k
2018: €556k
2019: €532k▼ -4.2% vs 2018lowest in 8 years
2020: €877k▲ +64.7% vs 2019
2021: €903k▲ +3.0% vs 2020
2022: €1.27M▲ +40.9% vs 2021
2023: €1.28M▲ +0.8% vs 2022highest in 8 years
2024: €899k▼ -29.9% vs 2023
2025: €903k▲ +0.4% vs 2024
2018 → 2025
Net result
€8k▲ 65.7%
2024 · €5k
2018: €95k
2019: €64k▼ -33.4% vs 2018
2020: €96k▲ +51.0% vs 2019highest in 8 years
2021: €8k▼ -91.8% vs 2020
2022: €42k▲ +432% vs 2021
2023: €20k▼ -51.8% vs 2022
2024: €5k▼ -77.6% vs 2023lowest in 8 years
2025: €8k▲ +65.7% vs 2024
2018 → 2025
Working capital
€882k▲ 0.7%
2024 · €875k
2018: €133klowest in 8 years
2019: €246k▲ +84.6% vs 2018
2020: €748k▲ +205% vs 2019
2021: €766k▲ +2.4% vs 2020
2022: €1.11M▲ +45.1% vs 2021
2023: €1.12M▲ +1.2% vs 2022highest in 8 years
2024: €875k▼ -22.1% vs 2023
2025: €882k▲ +0.7% vs 2024
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€451k-€493k▲ 9.3%€513k▲ 4.1%€518k▲ 0.9%€525k▲ 1.4%
2021: €451klowest in 5 years
2022: €493k▲ +9.3% vs 2021
2023: €513k▲ +4.1% vs 2022
2024: €518k▲ +0.9% vs 2023
2025: €525k▲ +1.4% vs 2024highest in 5 years
Operating result€19k-€71k▲ 281%€30k▼ 57.9%€29k▼ 4.5%€16k▼ 44.5%
2021: €19k
2022: €71k▲ +281% vs 2021highest in 5 years
2023: €30k▼ -57.9% vs 2022
2024: €29k▼ -4.5% vs 2023
2025: €16k▼ -44.5% vs 2024lowest in 5 years
Net result€8k-€42k▲ 432%€20k▼ 51.8%€5k▼ 77.6%€8k▲ 65.7%
2021: €8k
2022: €42k▲ +432% vs 2021highest in 5 years
2023: €20k▼ -51.8% vs 2022
2024: €5k▼ -77.6% vs 2023lowest in 5 years
2025: €8k▲ +65.7% vs 2024
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen three years in a row; 2025 is 44% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Equity and liabilities €903k
Equity
€525k ▲ 1.4%
Debt
€377k ▼ 1.0%
Debt's share of the balance-sheet total falls from 42.4% to 41.8%. Equity is higher and debt is lower.
Key figures and ratios
Current ratio
43.05▲
2024 · 37.72
Quick ratio
16.53▲
2024 · 5.70
Debt to equity
0.72▼
2024 · 0.74
ROE
1.4%▲
2024 · 0.9%
ROA
0.8%▲
2024 · 0.5%
Debt ≤ 1 year
€21k▼
2024 · €24k
Debt > 1 year
€350k=
2024 · €350k
Income taxes
€3k▼
2024 · €15k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 40 lines
Balance sheet
Code20242025
Assets
Total assets20/58€899k€903k▲
Current assets29/58€899k€903k▲
Stocks and contracts in progress3€763k€556k▼
Stocks30/36€763k€556k▼
Amounts receivable within one year40/41€11k€5k▼
Trade receivables40€6k-
Other amounts receivable41€5k€5k=
Cash at bank and in hand54/58€125k€342k▲
Equity and liabilities
Total equity and liabilities10/49€899k€903k▲
Equity10/15€518k€525k▲
Contributions10/11€95k€95k=
Reserves13€423k€430k▲
Distributable reserves133€423k€430k▲
Profit (loss) carried forward14€394€402▲
Amounts payable17/49€381k€377k▼
Amounts payable after more than one year17€350k€350k=
Financial debts170/4€350k€350k=
Amounts payable within one year42/48€24k€21k▼
Trade debts44€22k€9k▼
Suppliers440/4€22k€9k▼
Taxes, remuneration and social security45-€3k
Taxes450/3-€3k
Other amounts payable47/48€1k€9k▲
Accrued charges and deferred income492/3€7k€6k▼
Income statement
Code20242025
Other operating charges640/8€3k€3k▲
Non-recurring operating charges66A€10k€448▼
Gross operating margin9900€41k€19k▼
Operating profit (loss)9901€29k€16k▼
Financial income75/76B€425€0▼
Recurring financial income75€425€0▼
Financial charges65/66B€10k€5k▼
Recurring financial charges65€10k€5k▼
Profit (loss) for the period before taxes9903€19k€11k▼
Income taxes67/77€15k€3k▼
Profit (loss) for the period9904€5k€8k▲
Profit (loss) for the period to be appropriated9905€5k€8k▲
Appropriation of the result
Profit (loss) to be appropriated9906€5k€8k▲
Profit (loss) brought forward from the previous period14P€361€394▲
Transfer to equity691/2€5k€8k▲
To other reserves6921€5k€8k▲
The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Other operating charges640/8 | €2k | €5k | €4k | €3k | €3k | ▲ 15.2% |
| Non-recurring operating charges66A | - | - | - | €10k | €448 | ▼ 95.5% |
| Gross operating margin9900 | €20k | €76k | €35k | €41k | €19k | ▼ 52.9% |
| Operating profit (loss)9901 | €19k | €71k | €30k | €29k | €16k | ▼ 44.5% |
| Financial income75/76B | €6k | €2k | €16k | €425 | €0 | ▼ 100.0% |
| Recurring financial income75 | €6k | €2k | €16k | €425 | €0 | ▼ 100.0% |
| Financial charges65/66B | €13k | €16k | €19k | €10k | €5k | ▼ 44.8% |
| Recurring financial charges65 | €13k | €16k | €19k | €10k | €5k | ▼ 44.8% |
| Profit (loss) for the period before taxes9903 | €11k | €57k | €27k | €19k | €11k | ▼ 45.6% |
| Income taxes67/77 | €3k | €15k | €7k | €15k | €3k | ▼ 79.7% |
| Profit (loss) for the period9904 | €8k | €42k | €20k | €5k | €8k | ▲ 65.7% |
| Profit (loss) for the period to be appropriated9905 | €8k | €42k | €20k | €5k | €8k | ▲ 65.7% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €903k | €1.27M | €1.28M | €899k | €903k | ▲ 0.4% |
| Current assets29/58 | €903k | €1.27M | €1.28M | €899k | €903k | ▲ 0.4% |
| Stocks and contracts in progress3 | €582k | €354k | €676k | €763k | €556k | ▼ 27.1% |
| Stocks30/36 | €582k | €354k | €676k | €763k | €556k | ▼ 27.1% |
| Amounts receivable within one year40/41 | €62k | €124k | €47k | €11k | €5k | ▼ 52.7% |
| Trade receivables40 | - | €6k | - | €6k | - | - |
| Other amounts receivable41 | €62k | €118k | €47k | €5k | €5k | = |
| Cash at bank and in hand54/58 | €259k | €795k | €560k | €125k | €342k | ▲ 173% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €903k | €1.27M | €1.28M | €899k | €903k | ▲ 0.4% |
| Equity10/15 | €451k | €493k | €513k | €518k | €525k | ▲ 1.4% |
| Contributions10/11 | €95k | €95k | €95k | €95k | €95k | = |
| Reserves13 | €354k | €398k | €418k | €423k | €430k | ▲ 1.8% |
| Distributable reserves133 | €354k | €398k | €418k | €423k | €430k | ▲ 1.8% |
| Profit (loss) carried forward14 | €2k | €148 | €361 | €394 | €402 | ▲ 2.1% |
| Amounts payable17/49 | €452k | €779k | €769k | €381k | €377k | ▼ 1.0% |
| Amounts payable after more than one year17 | €302k | €602k | €600k | €350k | €350k | = |
| Financial debts170/4 | €300k | €600k | €600k | €350k | €350k | = |
| Other amounts payable178/9 | €2k | €2k | - | - | - | - |
| Amounts payable within one year42/48 | €137k | €161k | €159k | €24k | €21k | ▼ 12.0% |
| Trade debts44 | €41k | €49k | €17k | €22k | €9k | ▼ 59.5% |
| Suppliers440/4 | €41k | €49k | €17k | €22k | €9k | ▼ 59.5% |
| Taxes, remuneration and social security45 | €2k | €13k | - | - | €3k | - |
| Taxes450/3 | €2k | €13k | - | - | €3k | - |
| Other amounts payable47/48 | €94k | €100k | €142k | €1k | €9k | ▲ 506% |
| Accrued charges and deferred income492/3 | €13k | €16k | €10k | €7k | €6k | ▼ 14.4% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €8k | €42k | €20k | €5k | €8k | ▲ 65.7% |
| Operating cash flow (approximation) | €8k | €42k | €20k | €5k | €8k | ▲ 65.7% |
| Change in cash | - | €535k | €-235k | €-435k | €216k | ▲ 150% |
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
25-09
State Gazette act
Resignation: Karolien Beliën (non-statutory director)Appointment: Car Management (non-statutory director) · Permanent representative: Johnny Geusens9 facts ▸
State Gazette act
Resignation: Karolien Beliën (non-statutory director)
Appointment: Car Management (non-statutory director) · Permanent representative: Johnny Geusens9 facts ▸
- General meeting, 09-08-2026
- Director resignation, Karolien Beliën (non-statutory director)
- Director appointment, Car Management (non-statutory director)
- Permanent representative, Johnny Geusens (permanent representative)
- General meeting, 09-08-2026
- Board meeting, 09-08-2026
- Director resignation, Karolien Beliën (day-to-day manager)
- Director appointment, Car Management (day-to-day manager)
- Board meeting, 09-08-2026
07-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
25-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Weakest financial yearnet €5k ▼77.6%
Net result drops to €5k, the lowest in the series; recovery starts the following year.
31-12
Financial
Liquidity times 5current ratio 37.72
Current ratio from 8.08 to 37.72; short-term debt falls from €159k to €24k.
25-06
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Equity above €500kEq €513k ▲4.1%
6 profitable years in a row build equity to €513k.
27-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
27-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
03-06
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Highest result since 2018net €96k ▲51%
Net result €96k, the highest in the series.
31-12
Financial
Liquidity triplescurrent ratio 6.81
Current ratio from 2.34 to 6.81; short-term debt falls from €184k to €129k.
Show earlier events
23-06
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
24-06
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
29-06
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
23-06
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 10 acts read
About the unread acts
Of the 10 Belgian State Gazette acts we know for this company, 1 has been read. The other 9 have not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 director, last change in 2026
Car Management
CurrentNon-statutory director · since 09-08-2026 · Legal entity · perm. rep.: Johnny Geusens
09-08-2026
Car Management: Appointed as Non-statutory director
09-08-2026
Car Management: Appointed as Day-to-day manager
09-08-2026
Karolien Beliën: Resigned as Non-statutory director
09-08-2026
Karolien Beliën: Resigned as Day-to-day manager
Not every act has been read: a resignation may be missing here
9 of this company's 10 Belgian State Gazette acts have not been read yet. Appointments and resignations recorded in them are missing above: a director who resigned there may therefore still show here as sitting. The acts are in the Timeline.
Location & real-estate footprint
Registered office, Bree · 1 establishment unit since 1988
Ground area
6,320 m²
Building footprint
926 m²
Parcel 72004A0469/00C002, Flanders. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
ALEX PROJECTS BV
since 19882.037.056.220
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 72004A0469/00C002 | Flanders | 6,320 m² | 1 · 926 m² | 0.0 m |
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.
Identification & contact
Identification
Legal formPrivate limited company
Founded28-03-1988
Fiscal year end31-12
Scores and ratios are computed by Checked and are not a credit decision.