ALEXEM
ActiveThe computed 12-month bankruptcy probability of ALEXEM is 1.7% (moderate). The 2025 annual accounts show negative equity (€-114k) and a net result of €-19k. Equity is shrinking by ~25.6% per year across the filed fiscal years. Its solvency ranks better than 5% of 6974 sector peers (fiscal year 2025). The company has been active since 1999 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
20
/ 100
Critical
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability0▼-2
Solvency0=
Growth32=
Track record100
Bankruptcy probability, 12 months
1.7%
Moderate
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.37 against 0.38 in 2024; short-term debt: 224.3% and cash: 0.8% of total assets), and equity is negative.
Credit advice for your own amount and term
Signals
Eight signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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 2025Solvency, return and age of the figures
Solvency
-124.3%
Return on assets
-20.7%
Age of the figures
9 mo
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
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €-114k
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
31 d late
2024
31 d late
2023
29 d late
2022
30 d late
2021
23 d late
2020
30 d late
2019
77 d late
← before the deadline
after the deadline →
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
17-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€-114k▼ 19.9%
2024 · €-95k
2018: €2k
2019: €-20k
2020: €-37k
2021: €-53k
2022: €-68k
2023: €-81k
2024: €-95k
2018 → 2025
Total assets
€92k▼ 10.9%
2024 · €103k
2018: €230k
2019: €204k
2020: €178k
2021: €167k
2022: €157k
2023: €128k
2024: €103k
2018 → 2025
Net result
€-19k▼ 35.9%
2024 · €-14k
2018: €57k
2019: €-22k
2020: €-17k
2021: €-16k
2022: €-15k
2023: €-13k
2024: €-14k
2018 → 2025
Working capital
€-131k▼ 5.9%
2024 · €-124k
2018: €-165k
2019: €-160k
2020: €-155k
2021: €-157k
2022: €-157k
2023: €-139k
2024: €-124k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€-53k-€-68k▼ 27.5%€-81k▼ 19.3%€-95k▼ 17.2%€-114k▼ 19.9%
Operating result€-16k-€-14k▲ 10.2%€-13k▲ 12.7%€-14k▼ 10.4%€-19k▼ 36.1%
Net result€-16k-€-15k▲ 10.2%€-13k▲ 10.8%€-14k▼ 6.5%€-19k▼ 35.9%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €19k in 2025 against €14k in 2024; the loss grows and 2025 has the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €92k
Fixed assets
€17k▼ 41.5%
Current assets
€75k▲ 0.6%
Key figures and ratios
EBITDA
€-7k▼
2024 · €-777
Cash flow
€-7k▼
2024 · €-908
Solvency
-124.3%▼
2024 · -92.3%
Current ratio
0.37▼
2024 · 0.38
Quick ratio
0.16▼
2024 · 0.16
Debt / equity
-1.80▲
2024 · -2.08
ROA
-20.7%▼
2024 · -13.6%
Interest coverage
-47.51▼
2024 · -5.76
Debt
€206k▲
2024 · €199k
Debt ≤ 1 year
€206k▲
2024 · €199k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€103k€92k▼
Fixed assets21/28€28k€17k▼
Intangible fixed assets21€19k€13k▼
Tangible fixed assets22/27€9k€3k▼
Plant, machinery and equipment23€9k€3k▼
Financial fixed assets28€50€50=
Current assets29/58€75k€75k▲
Stocks and contracts in progress3€43k€43k▼
Stocks30/36€43k€43k▼
Amounts receivable within one year40/41€31k€32k▲
Trade receivables40€27k€28k▲
Other amounts receivable41€3k€4k▲
Cash at bank and in hand54/58€1k€765▼
Equity and liabilities
Total equity and liabilities10/49€103k€92k▼
Equity10/15€-95k€-114k▼
Contributions10/11€19k€19k=
Reserves13€2k€2k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Profit (loss) carried forward14€-116k€-135k▼
Amounts payable17/49€199k€206k▲
Amounts payable within one year42/48€199k€206k▲
Trade debts44€7k€10k▲
Suppliers440/4€7k€10k▲
Other amounts payable47/48€191k€197k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€13k€12k▼
Other operating charges640/8€387€400▲
Gross operating margin9900€-390€-7k▼
Operating profit (loss)9901€-14k€-19k▼
Financial income75/76B€4€0▼
Recurring financial income75€4€0▼
Financial charges65/66B€135€150▲
Recurring financial charges65€135€150▲
Profit (loss) for the period before taxes9903€-14k€-19k▼
Profit (loss) for the period9904€-14k€-19k▼
Profit (loss) for the period to be appropriated9905€-14k€-19k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-116k€-135k▼
Profit (loss) brought forward from the previous period14P€-102k€-116k▼
The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 31 days late
2025
31-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 31 days late
2024
29-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 29 days late
2023
30-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 30 days late
2022
23-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 23 days late
2021
30-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 30 days late
2020
16-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 77 days late
2019
31-12
Financial
Weakest financial yearnet €-22k ▼139%
Net result drops to €-22k, the lowest in the series; recovery starts the following year.
21-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 21 days late
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 31 days late
2017
23-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 23 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Sint-Lambrechts-Woluwe · 2 establishment units since 2002
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.
Vandenhovenstraat 971200 Sint-Lambrechts-WoluweGround area
2,331 m²
Building footprint
1,007 m²
Volume, LiDAR
13,377 m³
3 parcels, Brussels · tallest building 24.8 m, ±7 floors. Linked by address, not a title deed.
2 establishment units
Jan Sobieskilaan 13, 1020 Brussel
since 20022.132.869.553
ALEXEM SPRL
since 20032.132.867.969
3 parcels
Brussels
3
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21816C0252/00M010 | Brussels | 1,949 m² | 1 · 700 m² | 22.5 m · 6 fl. |
| 21004A1681/00K000 | Brussels | 194 m² | 1 · 194 m² | 24.8 m · 7 fl. |
| 21674C0201/00M005 | Brussels | 189 m² | 1 · 112 m² | 11.2 m · 3 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 2
3 of 3 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
1 of these parcels carry protected heritage (source: regional heritage registers, Onroerend Erfgoed / patrimoine.brussels).
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Of 9,857 companies in sector 73110 we hold annual accounts for 3,754. 798 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded23-04-1999
Fiscal year end31-12
Activities, NACEBEL
73110Advertising agencies
74401
Sources
Crossroads Bank for EnterprisesNational Bank · 27 filingsAddress and cadastre registers
Data from official sources, last processed on 17-09-2026. Scores and ratios are computed by Checked and are not a credit decision.