ALEX PROJECTS (0433.744.210): annual accounts and directors

ALEX PROJECTS

Bree ·KBO/BCE: BE 0433.744.210

75-100	Excellent	under 0.55%
60-74	Healthy	0.55% to 1.5%
45-59	Fair	1.5% to 4.2%
25-44	Weak	4.2% to 15.0%
0-24	Critical	over 15.0%

Group	Expected	Actual
1	0.2%	0.2%
2	0.3%	0.5%
3	0.5%	0.6%
4	0.7%	0.8%
5	0.9%	0.9%
6	1.3%	1.5%
7	1.6%	1.8%
8	1.8%	1.8%
9	3.0%	3.1%
10	5.6%	6.2%

Line	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006
Balance sheet: assets
Total assets`20/58`	902,778	899,214	1.3m	1.3m	902,823	876,654	532,120	555,527	520,169	499,596	133,868	134,160	159,783	218,775	750,659	2.6m	2.7m	3.0m	3.0m	2.9m
Fixed assets`21/28`	-	-	-	-	-	-	102,777	205,554	308,331	411,108	-	9,916	9,916	9,916	12,838	12,752	15,772	19,036	34,711	50,352
Intangible fixed assets`21`	-	-	-	-	-	-	102,777	205,554	308,331	411,108	-	-	-	-	-	-	-	-	-	-
Tangible fixed assets`22/27`	-	-	-	-	-	-	-	-	-	-	-	9,916	9,916	9,916	12,838	12,752	15,772	19,036	34,711	50,352
Land and buildings`22`	-	-	-	-	-	-	-	-	-	-	-	9,916	9,916	9,916	9,916	9,916	9,916	9,916	9,916	9,916
Plant, machinery and equipment`23`	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	880	1,980	3,300	-	-
Furniture and vehicles`24`	-	-	-	-	-	-	-	-	-	-	-	-	-	-	2,743	1,554	3,206	5,820	24,571	39,476
Other tangible fixed assets`26`	-	-	-	-	-	-	-	-	-	-	-	-	-	-	179	402	670	-	224	960
Current assets`29/58`	902,778	899,214	1.3m	1.3m	902,823	876,654	429,343	349,974	211,839	88,489	133,868	124,244	149,867	208,859	737,821	2.6m	2.7m	3.0m	3.0m	2.8m
Stocks and contracts in progress`3`	556,060	763,236	675,778	353,725	581,537	326,353	-	-	-	300	6,500	13,852	15,180	24,000	439,706	485,924	734,899	814,874	914,784	858,907
Stocks`30/36`	556,060	763,236	675,778	353,725	581,537	326,353	-	-	-	300	6,500	13,852	15,180	24,000	439,706	485,924	734,899	814,874	914,784	858,907
Amounts receivable within one year`40/41`	5,174	10,929	47,199	123,717	61,854	534,514	405,892	341,410	188,146	65,100	113,530	85,373	118,117	138,703	247,691	1.6m	1.7m	1.7m	1.7m	1.7m
Trade receivables`40`	-	5,755	-	5,584	-	29,844	397,436	324,928	181,082	58,624	14,076	4,241	23,634	50,467	167,157	37,258	125,954	127,752	127,377	194,580
Other amounts receivable`41`	5,174	5,174	47,199	118,133	61,854	504,670	8,457	16,482	7,063	6,476	99,454	81,132	94,483	88,236	80,534	1.5m	1.5m	1.5m	1.6m	1.5m
Cash at bank and in hand`54/58`	341,544	125,049	559,591	794,651	259,433	14,381	22,046	8,564	23,693	21,551	12,433	25,019	16,570	41,060	49,019	514,504	326,786	525,959	337,613	221,082
Deferred charges and accrued income`490/1`	-	-	-	-	-	1,405	1,405	-	-	1,538	1,405	-	-	5,096	1,405	-	-	7,365	5,724	6,542
Balance sheet: equity and liabilities
Total equity and liabilities`10/49`	902,778	899,214	1.3m	1.3m	902,823	876,654	532,120	555,527	520,169	499,596	133,868	134,160	159,783	218,775	750,659	2.6m	2.7m	3.0m	3.0m	2.9m
Equity`10/15`	525,441	517,933	513,401	493,187	451,235	443,356	347,264	283,639	188,155	75,735	92,927	-8,413	7,815	2,633	-7,860	1.1m	2.0m	2.1m	2.0m	2.1m
Contributions`10/11`	95,039	95,039	95,039	95,039	95,039	95,039	86,399	86,399	86,399	86,399	86,399	61,973	61,973	61,973	61,973	61,973	61,973	61,973	61,973	61,973
Issued capital`100`	-	-	-	-	-	-	86,399	86,399	86,399	86,399	86,399	61,973	61,973	61,973	61,973	61,973	61,973	61,973	61,973	61,973
Reserves`13`	430,000	422,500	418,000	398,000	353,800	346,000	258,640	196,640	101,640	6,500	6,501	6,198	6,198	6,198	6,198	1.0m	1.9m	1.9m	1.9m	1.9m
Legal reserve`130`	-	-	-	-	-	-	8,640	8,640	8,640	6,500	6,501	6,198	6,198	6,198	6,198	6,198	6,198	6,198	6,198	6,198
Tax-exempt reserves`132`	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	660	1,320	1,980	2,640	-
Distributable reserves`133`	430,000	422,500	418,000	398,000	353,800	346,000	250,000	188,000	93,000	-	-	-	-	-	-	1.0m	1.9m	1.9m	1.9m	1.9m
Profit (loss) carried forward`14`	402	394	361	148	2,395	2,316	2,225	600	116	-17,165	27	-76,584	-60,356	-65,538	-76,031	4,495	3,509	85,800	9,407	131,247
Provisions and deferred taxes`16`	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	295	590	960	1,330	-
Deferred taxes`168`	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	295	590	960	1,330	-
Amounts payable`17/49`	377,337	381,281	769,167	778,905	451,589	433,298	184,856	271,888	332,014	423,862	40,941	142,573	151,968	216,142	758,519	1.5m	775,911	983,989	1.0m	781,465
Amounts payable after more than one year`17`	350,000	350,000	600,000	601,600	301,600	300,000	-	53,977	153,077	261,978	-	100,000	100,000	100,000	100,000	-	-	-	-	-
Financial debts`170/4`	350,000	350,000	600,000	600,000	300,000	300,000	-	53,977	153,077	261,978	-	-	-	-	-	-	-	-	-	-
Other amounts payable`178/9`	-	-	-	1,600	1,600	-	-	-	-	-	-	100,000	100,000	100,000	100,000	-	-	-	-	-
Amounts payable within one year`42/48`	20,971	23,839	158,683	160,994	136,839	128,778	183,815	216,932	177,401	160,378	38,661	37,268	46,061	102,894	630,500	1.5m	739,288	939,514	975,716	749,548
Current portion of amounts payable after more than one year`42`	-	-	-	-	-	-	63,052	114,633	99,419	99,419	-	-	-	-	-	-	-	-	-	-
Trade debts`44`	9,058	22,368	17,080	48,789	40,641	29,252	44,381	37,355	22,762	14,860	684	3,262	6,572	4,452	24,354	65,544	54,378	57,428	121,733	159,817
Suppliers`440/4`	9,058	22,368	17,080	48,789	40,641	29,252	44,381	37,355	22,762	14,860	684	3,262	6,572	4,452	24,354	65,544	54,378	57,428	121,733	159,817
Taxes, remuneration and social security`45`	3,000	-	-	12,690	1,711	30,770	31,536	19,767	11,579	4,664	1	4	624	4,025	26,629	20,236	15,693	23,536	17,789	64,400
Taxes`450/3`	3,000	-	-	12,690	1,711	23,725	21,250	6,250	-	-	1	4	624	3,396	114	81	11	642	95	45,051
Remuneration and social security`454/9`	-	-	-	-	-	7,045	10,286	13,517	11,579	4,664	-	-	-	629	26,515	20,155	15,682	22,894	17,694	19,349
Other amounts payable`47/48`	8,912	1,471	141,603	99,515	94,487	68,756	44,845	45,177	43,641	41,436	37,976	34,002	38,865	94,417	579,517	1.4m	669,217	858,550	836,194	525,331
Accrued charges and deferred income`492/3`	6,367	7,441	10,484	16,312	13,150	4,520	1,042	979	1,536	1,506	2,280	5,305	5,907	13,248	28,019	33,882	36,623	44,475	32,512	31,917
Income statement
Non-recurring operating income`76A`	-	-	-	-	-	-	-	-	-	-	10,084	-	-	257	-	-	49,500	-	5,000	-
Gross operating margin`9900`	19,466	41,367	34,529	76,091	20,274	295,180	248,074	325,501	286,838	113,601	-6,912	-2,451	-361	44,577	366,855	292,673	185,998	258,561	398,642	395,343
Remuneration, social security and pensions`62`	-	-	-	-	-	60,995	51,561	82,805	52,804	17,287	-	-	-	22,159	143,130	109,747	95,611	136,505	113,319	122,623
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets`630`	-	-	-	-	-	102,777	102,777	102,777	102,777	102,777	-	-	-	179	4,486	3,020	4,380	23,648	21,430	21,365
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)`631/4`	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	47,910	-	-	36,890	21,500
Other operating charges`640/8`	3,096	2,687	4,487	4,669	1,531	724	410	6,359	17,613	627	563	853	1,310	1,016	5,857	1,970	9,407	6,092	4,132	3,949
Non-recurring operating charges`66A`	448	10,000	-	-	-	-	-	-	-	-	-	-	-	-	275,000	9,584	23,735	-	-	2,363
Operating profit (loss)`9901`	15,922	28,680	30,042	71,422	18,743	130,684	93,327	133,561	113,644	-7,090	-7,475	-3,304	-1,671	21,223	213,382	130,026	76,600	92,316	222,871	225,906
Financial income`75/76B`	0	425	16,377	1,792	5,759	3,676	4,229	152	321	237	5	1,981	12,830	2,667	18,148	14,711	15,321	19,270	10,041	8,097
Recurring financial income`75`	0	425	16,377	1,792	5,759	3,676	4,229	152	321	237	5	1,981	12,830	2,667	18,148	14,711	15,321	19,270	10,041	8,097
Financial charges`65/66B`	5,414	9,801	19,440	16,386	13,400	4,625	4,424	16,978	1,545	10,336	2,283	14,905	5,977	13,654	38,011	35,122	48,074	47,710	33,352	33,529
Recurring financial charges`65`	5,414	9,801	19,440	16,386	13,400	4,625	4,424	16,978	1,545	10,336	2,283	14,905	5,977	13,654	38,011	35,122	48,074	47,710	33,352	33,529
Profit (loss) for the period before taxes`9903`	10,508	19,303	26,979	56,828	11,102	129,735	93,132	116,734	112,421	-17,189	331	-16,228	5,182	10,493	-81,481	100,031	69,612	63,876	204,560	198,111
Income taxes`67/77`	3,000	14,771	6,766	14,875	3,223	33,643	29,508	21,250	-	2	1	-	-	-	-	-	12,933	-11,487	22,430	67,463
Profit (loss) for the period`9904`	7,508	4,533	20,213	41,953	7,879	96,092	63,625	95,484	112,421	-17,192	330	-16,228	5,182	10,493	-81,186	100,326	57,049	75,733	180,800	130,648
Transfer from tax-exempt reserves`789`	-	-	-	-	-	-	-	-	-	-	-	-	-	-	660	660	660	660	660	-
Transfer to tax-exempt reserves`689`	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	3,300	-
Profit (loss) for the period to be appropriated`9905`	7,508	4,533	20,213	41,953	7,879	96,092	63,625	95,484	112,421	-17,192	330	-16,228	5,182	10,493	-80,526	100,986	57,709	76,393	178,160	130,648
Appropriation of the result
Profit (loss) to be appropriated`9906`	7,902	4,894	20,361	44,348	10,195	98,316	64,225	95,600	95,256	-17,165	-76,254	-76,584	-60,356	-65,538	-76,031	104,495	143,509	85,800	309,407	131,247
Profit (loss) brought forward from the previous period`14P`	394	361	148	2,395	2,316	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Transfer from equity`791/2`	-	-	-	-	-	-	-	-	-	-	76,584	-	-	-	1.0m	-	-	-	-	-
Transfer to equity`691/2`	7,500	4,500	20,000	44,200	7,800	96,000	62,000	95,000	95,140	-	303	-	-	-	-	100,000	-	-	-	-
To the legal reserve`6920`	-	-	-	-	-	-	-	-	2,140	-	303	-	-	-	-	-	-	-	-	-
To other reserves`6921`	7,500	4,500	20,000	44,200	7,800	96,000	62,000	95,000	93,000	-	-	-	-	-	-	100,000	-	-	-	-
Profit to be distributed`694/7`	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1.0m	-	140,000	-	300,000	-
Return on contributions (dividend)`694`	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1.0m	-	140,000	-	300,000	-
Social balance sheet
Average staff (FTE)`9087`	-	-	-	-	-	1.8	1	1.9	1.6	0.5	-	-	-	1	3.7	3.7	3.4	3.3	3.2	3.6
Hours worked`1013`	-	-	-	-	-	2,502	1,654	3,446	2,756	783	-	-	-	1,909	6,332	5,175	4,007	5,730	4,831	5,221
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Financial year	Type	Filed	Reference	Document
31-12-2025	abbreviated format	07-07-2026	2026-00260494	PDF
31-12-2024	abbreviated format	25-06-2025	2025-00174960	PDF
31-12-2023	abbreviated format	25-06-2024	2024-00158170	PDF
31-12-2022	abbreviated format	27-06-2023	2023-00160972	PDF
31-12-2021	abbreviated format	27-06-2022	2022-20093885	PDF
31-12-2020	abbreviated format	03-06-2021	2021-16700558	PDF
31-12-2019	abbreviated format	23-06-2020	2020-19000498	PDF
31-12-2018	abbreviated format	24-06-2019	2019-22300059	PDF
31-12-2017	abbreviated format	29-06-2018	2018-24700265	PDF
31-12-2016	abbreviated format	23-06-2017	2017-19900460	PDF
31-12-2015	abbreviated format	14-06-2016	2016-17100258	PDF
31-12-2014	abbreviated format	29-06-2015	2015-21400086	PDF
31-12-2013	abbreviated format	29-06-2014	2014-23800208	PDF
31-12-2012	abbreviated format	03-07-2013	2013-24400373	PDF
31-12-2011	abbreviated format	26-06-2012	2012-20600476	PDF
31-12-2010	abbreviated format	24-06-2011	2011-19600253	PDF
31-12-2009	abbreviated format	29-06-2010	2010-22500520	PDF
31-12-2008	abbreviated format	25-06-2009	2009-28100273	PDF
31-12-2007	abbreviated format	20-06-2008	2008-25000037	PDF
31-12-2006	abbreviated format	30-07-2007	2007-48700222	PDF
31-12-2005	abbreviated format	11-08-2006	2006-62800478	PDF
31-12-2004	abbreviated format	30-06-2005	2005-38703604	PDF
31-12-2003	abbreviated format	10-06-2004	2004-22705313	PDF
31-12-2002	abbreviated format	10-06-2003	2003-21301957	PDF
31-12-2001	abbreviated format	07-06-2002	2002-18501696	PDF
31-12-2000	abbreviated format	20-06-2001	2001-24104363	PDF
31-12-1999	abbreviated format	13-06-2000	2000-21101720	PDF
31-12-1998	abbreviated format	10-06-1999	1999-16804512	PDF
31-12-1997	abbreviated format	04-06-1998	1998-13604756	PDF
31-12-1996	abbreviated format	11-06-1997	1997-14204473	PDF
31-12-1995	abbreviated format	07-06-1996	1996-14000507	PDF
31-12-1994	abbreviated format	07-06-1995	1995-12501489	PDF
31-12-1993	abbreviated format	08-06-1994	1994-13001865	PDF
31-12-1992	abbreviated format	15-06-1993	1993-13400791	PDF
31-12-1991	abbreviated format	11-06-1992	1992-10101887	PDF
31-12-1990	abbreviated format	28-06-1991	1991-14302623	PDF
31-12-1989	abbreviated format	08-06-1990	1990-07700991	PDF
31-12-1988	abbreviated format	30-06-1989	1989-13301850	PDF

Line	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006
EBITDA	-	-	-	-	-	233,461	196,104	236,337	216,421	95,687	-	-	-	21,402	217,868	133,046	80,980	115,964	244,301	247,271
Cash flow	-	-	-	-	-	198,869	166,402	198,261	215,197	85,585	-	-	-	10,672	-76,700	103,346	61,429	99,381	202,230	152,013
Investment in fixed assets (approximation)	-	-	-	-	-	0	0	0	0	513,884	-	-	-	-2,743	4,572	0	1,116	7,973	5,789	5,986
Change in cash	216,495	-434,542	-235,061	535,218	245,052	-7,664	13,481	-15,129	2,142	9,118	-12,586	8,449	-24,490	-7,959	-465,485	187,718	-199,173	188,346	116,531	-
Working capital	881,808	875,374	1.1m	1.1m	765,984	747,875	245,529	133,041	34,438	-71,889	95,207	86,976	103,806	105,965	107,321	1.1m	2.0m	2.1m	2.0m	2.1m
Solvency	58.2%	57.6%	40.0%	38.8%	50.0%	50.6%	65.3%	51.1%	36.2%	15.2%	69.4%	-6.3%	4.9%	1.2%	-1.0%	41.3%	71.8%	67.6%	66.2%	72.9%
Current ratio	43.05	37.72	8.08	7.90	6.60	6.81	2.34	1.61	1.19	0.55	3.46	3.33	3.25	2.03	1.17	1.73	3.70	3.22	3.03	3.78
Quick ratio	16.53	5.70	3.82	5.70	2.35	4.27	2.34	1.61	1.19	0.55	3.29	2.96	2.92	1.80	0.47	1.41	2.70	2.35	2.09	2.63
Debt to equity	0.72	0.74	1.50	1.58	1.00	0.98	0.53	0.96	1.76	5.60	0.44	-	19.45	82.09	-	1.42	0.39	0.48	0.51	0.37
ROE	1.4%	0.9%	3.9%	8.5%	1.7%	21.7%	18.3%	33.7%	59.7%	-22.7%	0.4%	-	66.3%	398.5%	-	9.3%	2.9%	3.7%	9.1%	6.2%
ROA	0.8%	0.5%	1.6%	3.3%	0.9%	11.0%	12.0%	17.2%	21.6%	-3.4%	0.2%	-12.1%	3.2%	4.8%	-10.8%	3.9%	2.1%	2.5%	6.0%	4.5%

Item	2025	2024	2023	2022	2021
Debts secured on the company's own assets	€350,000	€350,000	€600,000	-	-
Debts guaranteed by Belgian public bodies	-	-	-	-	€301,600

Overview

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