ALFA-CONSTRUCT
ActiveThe file of ALFA-CONSTRUCT contains 2 historical bankruptcy publications, as published in the Belgian Official Gazette.
Summary
The computed 12-month bankruptcy probability is 2.1% (moderate). The 2024 annual accounts show equity of €78,748 and a net result of €13,192. Equity has been growing by about 40% per year since 2018. Its solvency ranks better than 40% of 9,837 sector peers (NACE 41, financial year 2024).
Overview
Overview
Official details
Source: KBO- Status
- Active since 11-05-2012 Normal situation
- Activity
- General construction of residential buildings NACE 41001and 3 others
- Establishment unit
- 2.242.866.068 2610 Antwerpen, since 11-05-2012
- Financial year end
- 31 December
- Peppol
- Reachable since 17-12-2025
Financial position
- Bankruptcy probabilitywithin 12 months
- 2.1%
- Gross margin
- €28,067
- ▼ 51.6%
- Turnover
- ≈ €190,000
- estimated
- Profit
- €13,192
- ▼ 63.9%
- Equity
- €78,748
- ▲ 20.1%
- Total assets
- €241,944
- ▲ 85.7%
- Staff
- ≈ 0.3 FTE
- estimated
- 2025 accounts not filed, 94 days past the deadline
Score breakdownraises risk1 financial year not filed after the legal deadline; last filed accounts filed 81 days late; 3 of the last 3 accounts lateFigures for financial year 2024 (filed on 20-10-2025)lowers riskLiquidity: current ratio 1.48, cash €100,837Founded in 2012Show the evidence
Checked score
About 2 in 100 comparable companies go bankrupt within 12 months (an estimate).
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 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% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 41, micro). It does better than 40% of them on solvency, 69% on liquidity, 29% on profitability and 64% on growth.
The bankruptcy probability was computed on 01-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
The company filed its last 6 accounts on average 78 days after the deadline. In the sector (NACE 41), the median for financial year 2024 was on the deadline day, and 46% of those companies filed late.
Searched, nothing found (1)
Financials
Financials · financial year 2024, micro format
2025 annual accounts not yet filed, deadline passed on 31 July 2026 The financial year closed on 31 December 2025. The accounts are due at the latest 7 months after the close (Companies Code art. 3:10). Source: NBB filings, as of 2 November 2026.
Annual accounts 2024 filed on 20-10-2025 PDF all 13 filings
2020 to 2024, 5 financial years 2018 to 2024, 7 financial years
The operating result for 2024 is 57% lower than in 2023.
Turnover is what the company sold, the result is what was left of it. A loss stands below the zero line.
Assets, equity and debt per financial year.
Above zero, the company can pay its short-term debts with what it holds in the short term.
The EBIT margin is the share of each euro of turnover left from operations. The return on assets is what the assets earn.
The higher the solvency, the better the company absorbs a setback.
A ratio above 1 means the short-term assets cover the short-term debts.
Use the arrow keys on the chart for the figures per year.
The sector band is the middle half of the companies in Construction of residential and non-residential buildings (NACE 41). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30. The dashed line is the median. There is a sector band for net result, equity, total assets, working capital, solvency, current ratio and return on assets (ROA).
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | - | €4,652 | - | - |
| Remuneration, social security and pensions62 | - | - | - | - | - | - | €7,116 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,867 | €1,765 | €1,765 | €1,765 | €1,765 | - | - | - |
| Other operating charges640/8 | - | - | - | €449 | €237 | €616 | €947 | ▲ 53.8% |
| Non-recurring operating charges66A | - | - | - | - | - | €11,151 | - | - |
| Gross operating margin9900 | €17,302 | €5,548 | €6,464 | €23,585 | €12,178 | €57,961 | €28,067 | ▼ 51.6% |
| Operating profit (loss)9901 | €12,991 | €2,443 | €4,197 | €21,372 | €10,176 | €46,194 | €20,004 | ▼ 56.7% |
| Financial income75/76B | - | - | - | - | - | €119 | - | - |
| Recurring financial income75 | - | - | - | - | - | €119 | - | - |
| Financial charges65/66B | - | - | - | €88 | €92 | €47 | €46 | ▼ 0.5% |
| Recurring financial charges65 | €11,510 | €5,386 | €33 | €88 | €92 | €47 | €46 | ▼ 0.5% |
| Profit (loss) for the period before taxes9903 | €1,481 | -€2,944 | €4,164 | €21,284 | €10,084 | €46,266 | €19,958 | ▼ 56.9% |
| Income taxes67/77 | €0 | - | - | €2,671 | €2,153 | €9,766 | €6,765 | ▼ 30.7% |
| Profit (loss) for the period9904 | €1,481 | -€2,944 | €4,164 | €18,613 | €7,931 | €36,500 | €13,192 | ▼ 63.9% |
| Profit (loss) for the period to be appropriated9905 | €1,481 | -€2,944 | €4,164 | €18,613 | €7,931 | €36,500 | €13,192 | ▼ 63.9% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €84,985 | €94,716 | €116,519 | €109,361 | €141,809 | €130,292 | €241,944 | ▲ 85.7% |
| Fixed assets21/28 | €7,058 | €5,294 | €3,529 | €1,765 | - | - | - | - |
| Tangible fixed assets22/27 | €7,058 | €5,294 | €3,529 | €1,765 | - | - | - | - |
| Other tangible fixed assets26 | - | - | - | €1,765 | - | - | - | - |
| Current assets29/58 | €77,926 | €89,422 | €112,989 | €107,597 | €141,809 | €130,292 | €241,944 | ▲ 85.7% |
| Amounts receivable after more than one year29 | - | - | - | - | - | €100,000 | €140,475 | ▲ 40.5% |
| Other amounts receivable291 | - | - | - | - | - | €100,000 | €140,475 | ▲ 40.5% |
| Amounts receivable within one year40/41 | €77,925 | €389 | €23,956 | €43,106 | €141,805 | €27,838 | €632 | ▼ 97.7% |
| Trade receivables40 | - | - | - | €31,892 | - | - | - | - |
| Other amounts receivable41 | - | - | - | €11,213 | €141,805 | €27,838 | €632 | ▼ 97.7% |
| Cash at bank and in hand54/58 | €1 | €1 | €1 | €5,136 | €4 | €2,455 | €100,837 | ▲ 41× |
| Deferred charges and accrued income490/1 | - | - | - | €59,355 | - | - | - | - |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €84,985 | €94,716 | €116,519 | €109,361 | €141,809 | €130,292 | €241,944 | ▲ 85.7% |
| Equity10/15 | €13,290 | €10,347 | €14,511 | €33,124 | €41,055 | €65,556 | €78,748 | ▲ 20.1% |
| Contributions10/11 | €9,200 | €9,200 | - | €9,200 | €9,200 | €9,200 | €9,200 | = |
| Capital10 | - | - | - | - | €9,200 | €9,200 | €9,200 | = |
| Issued capital100 | - | - | - | - | €18,550 | €18,550 | €18,550 | = |
| Uncalled capital101 | - | - | - | - | €9,350 | €9,350 | €9,350 | = |
| Reserves13 | €4,090 | €1,147 | €5,311 | €23,924 | €31,855 | €56,356 | €69,548 | ▲ 23.4% |
| Non-distributable reserves130/1 | - | - | - | €670 | €670 | €25,170 | €38,363 | ▲ 52.4% |
| Legal reserve130 | - | - | - | - | €670 | €670 | €670 | = |
| Reserves not available under the articles1311 | - | - | - | €670 | - | €24,500 | €37,693 | ▲ 53.8% |
| Distributable reserves133 | - | - | - | €23,254 | €31,185 | €31,185 | €31,185 | = |
| Amounts payable17/49 | €71,694 | €84,369 | €102,008 | €76,237 | €100,754 | €64,737 | €163,196 | ▲ 152% |
| Amounts payable within one year42/48 | €71,694 | €84,369 | €102,008 | €76,237 | €100,754 | €64,737 | €163,196 | ▲ 152% |
| Trade debts44 | €14,253 | €36,852 | €54,592 | €9,002 | €65,571 | €3,014 | €99,494 | ▲ 33× |
| Suppliers440/4 | - | - | - | €9,002 | €65,571 | €3,014 | €99,494 | ▲ 33× |
| Taxes, remuneration and social security45 | - | - | - | €20,301 | €11,603 | €21,369 | €27,348 | ▲ 28.0% |
| Taxes450/3 | - | - | - | €20,301 | €11,603 | €21,369 | €27,348 | ▲ 28.0% |
| Other amounts payable47/48 | - | - | - | €46,934 | €23,579 | €40,353 | €36,353 | ▼ 9.9% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €1,481 | -€2,944 | €4,164 | €18,613 | €7,931 | €36,500 | €13,192 | ▼ 63.9% |
| + Depreciation and write-downs630 | €1,867 | €1,765 | €1,765 | €1,765 | €1,765 | - | - | - |
| Operating cash flow (approximation) | €3,348 | -€1,179 | €5,929 | €20,378 | €9,696 | €36,500 | €13,192 | ▼ 63.9% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | - | - | - | - |
| Change in cash | - | €0 | €0 | €5,135 | -€5,132 | €2,451 | €98,382 | ▲ 40× |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 34,693 companies had the same profile as ALFA-CONSTRUCT has now. Two years later, 0.7% had gone bankrupt and 95.3% were still going.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
The bankruptcy probability of ALFA-CONSTRUCT itself is higher: 2.1% within 12 months. It rests on far more data about ALFA-CONSTRUCT than the profile alone.
Test of the method
The method was tested on the 497,446 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 34,693 companies, not a prediction for ALFA-CONSTRUCT. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Latest 10 of 13 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2024 | micro format | 20-10-2025 | 2025-00545585 | |
| 31-12-2023 | micro format | 18-10-2024 | 2024-00511649 | |
| 31-12-2022 | micro format | 09-10-2023 | 2023-00488000 | |
| 31-12-2021 | micro format | 08-11-2022 | 2022-20521856 | |
| 31-12-2020 | micro format | 12-10-2021 | 2021-71600357 | |
| 31-12-2019 | micro format | 05-10-2020 | 2020-58400524 | |
| 31-12-2018 | micro format | 07-10-2019 | 2019-69200541 | |
| 31-12-2017 | micro format | 18-10-2018 | 2018-69700448 | |
| 31-12-2016 | micro format | 10-10-2017 | 2017-66900164 | |
| 31-12-2015 | abbreviated format | 25-06-2016 | 2016-23100114 |
Board & ownership
Directors
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Trustee | Stefaan De Boeck Koninklijkelaan 60, 2600 Berchem (Antwerpen) |
15-05-2025 → 26-06-2025 |
Owners and capital
Shareholders
- REDZHEB Mehmed all shares
Capital transactions
- 07-10-2025 Converted to unavailable equity
Mandate history
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| REDZHEB Mehmed |
|
| SAKAB Sakap |
|
| Yusein Ismet |
|
Network & group
ALFA-CONSTRUCT shares no director with another company.
Companies at the same address
1 other companyConnections & network
1 current directorThe network starts from the directors of ALFA-CONSTRUCT. Every other company they run is a node.
Timeline
Acts, filings and financial milestones
07-10
Gazette deed
Resignation: SAKAB Sakap (director)Appointment: REDZHEB Mehmed (director) · Legal form clause · Amendment of the articles13 points ▸
- General meeting, 02-10-2025
- Director resignation, SAKAB Sakap (director)
- Legal form clause, 01-01-2020, “besloten vennootschap” (deed in Dutch)
- Amendment of the articles, mentioned 3 times in the deed
- Other provision, “vermogensvoordeel-doel, geen ander doel dan aandeelhouders rechtstreeks of onrechtstreeks vermogensvoordeel uitkeren of bezorgen” (deed in Dutch)
- Capital conversion, “statutair onbeschikbare eigen vermogensrekeningen” (deed in Dutch)
- Registered office clause, “enkel ligging in Vlaams Gewest” (deed in Dutch)
- Other provision, “zetelwijziging” (deed in Dutch)
- Other provision, “e-mailadres en website” (deed in Dutch)
- Legal-form conversion, “besloten vennootschap” (deed in Dutch)
- Other provision, “fractiewaarde aandelen” (deed in Dutch)
- Director appointment, REDZHEB Mehmed (director)
- The act holds 1 more point.
23-05
Gazette deed
Resignation: Yusein Ismet (director)1 point ▸
- Director resignation, Yusein Ismet (director)
Show earlier events
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Register details
Identity
KBO recordRegistered office and establishments
Activities
NACEBEL 2025Codes under NACEBEL 2008
Invoicing and payment
Check the withholding obligation If you pay this company for building or cleaning work, check before every payment whether you must withhold part of the invoice. Use the enterprise number 0845.917.006
Financial year and general meeting
Accounts at the NBBSites & property
Buildings and parcels at the address
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 11463D0451/00H005 | Flanders | 193 m² | 1 · 80 m² | 8.9 m · 3 |