ALFA DEV
ActiveSummary
ALFA DEV has been active since 2023 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €153,625 and a net result of €94,072. Equity has been growing by about 114% per year since 2023. Its solvency ranks better than 95% of 13,741 sector peers (NACE 46, financial year 2025). The computed 12-month bankruptcy probability is 0.7% (low).
Overview
Overview
Official details
Source: KBO- Status
- Active since 10-02-2023 Normal situation
- Registered office
- 274 active companies are registered at this address 23 started in the 12 months before. Source: KBO register, as of 4 November 2026.
- Activity
- Agents in non-specialised wholesale trade NACE 46190and 2 others
- Establishment unit
- 2.354.072.511 1050 Elsene, since 10-02-2023
- Financial year end
- 31 December
- Peppol
- Reachable since 24-11-2025
Financial position
- Bankruptcy probabilitywithin 12 months
- 0.7%
- Gross margin
- €104,356
- ▲ 128%
- Turnover
- ≈ €390,000
- estimated
- Profit
- €94,072
- ▲ 127%
- Equity
- €153,625
- ▲ 158%
- Total assets
- €160,686
- ▲ 112%
- 2025 accounts filed 31 days after the deadline
Score breakdownraises riskFounded in 2023Size: total assets €160,686Last filed accounts filed 31 days late; 1 of the last 3 accounts latelowers riskLiquidity: current ratio 22.62, cash €27,354, halvedShow the evidence
Checked score
About 7 in 1,000 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 46, micro). It does better than 90% of them on solvency, 76% on liquidity, 95% on profitability and 96% on growth.
The bankruptcy probability was computed on 03-11-2026 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 3 accounts on average 29 days after the deadline. In the sector (NACE 46), the median for financial year 2024 was 3 days before the deadline, and 39% of those companies filed late.
Searched, nothing found (2)
Financials
Financials · financial year 2025, micro format
2025 annual accounts filed 31 days after the deadline Filed on 31 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00504597.
Annual accounts 2025 filed on 31-08-2026 at the NBB all 3 filings
Every figure per financial year
The operating result for 2025 is 132% higher than in 2024 and the highest since 2023. It is the second rise in a row.
Investments
| Item | 2023 | 2024 | 2025 |
|---|---|---|---|
| Tangible fixed assets | - | - | €1,197 |
| Depreciation and write-downs of the year | - | - | €255 |
Source: notes to the 2023 to 2025 annual accounts (statement of fixed assets)
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Turnover70 | - | €108,950 | - | - |
| Goods, raw materials, services and sundry goods60/61 | - | €63,120 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | - | €255 | - |
| Other operating charges640/8 | €479 | €1,222 | €586 | ▼ 52.1% |
| Gross operating margin9900 | €14,670 | €45,830 | €104,356 | ▲ 128% |
| Operating profit (loss)9901 | €14,190 | €44,607 | €103,515 | ▲ 132% |
| Financial charges65/66B | €65 | €100 | €255 | ▲ 154% |
| Recurring financial charges65 | €65 | €100 | €255 | ▲ 154% |
| Profit (loss) for the period before taxes9903 | €14,125 | €44,507 | €103,261 | ▲ 132% |
| Income taxes67/77 | - | €3,079 | €9,189 | ▲ 198% |
| Profit (loss) for the period9904 | €14,125 | €41,428 | €94,072 | ▲ 127% |
| Profit (loss) for the period to be appropriated9905 | €14,125 | €41,428 | €94,072 | ▲ 127% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €20,891 | €75,822 | €160,686 | ▲ 112% |
| Fixed assets21/28 | - | - | €942 | - |
| Tangible fixed assets22/27 | - | - | €942 | - |
| Furniture and vehicles24 | - | - | €942 | - |
| Current assets29/58 | €20,891 | €75,822 | €159,744 | ▲ 111% |
| Stocks and contracts in progress3 | - | - | €106,667 | - |
| Stocks30/36 | - | - | €106,667 | - |
| Amounts receivable within one year40/41 | €2,357 | €2,427 | €25,723 | ▲ 960% |
| Trade receivables40 | - | - | €21,459 | - |
| Other amounts receivable41 | €2,357 | €2,427 | €4,264 | ▲ 75.7% |
| Cash at bank and in hand54/58 | €18,534 | €73,395 | €27,354 | ▼ 62.7% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €20,891 | €75,822 | €160,686 | ▲ 112% |
| Equity10/15 | €18,125 | €59,553 | €153,625 | ▲ 158% |
| Contributions10/11 | €4,000 | €4,000 | €4,000 | = |
| Profit (loss) carried forward14 | €14,125 | €55,553 | €149,625 | ▲ 169% |
| Amounts payable17/49 | €2,765 | €16,269 | €7,061 | ▼ 56.6% |
| Amounts payable within one year42/48 | €2,765 | €16,269 | €7,061 | ▼ 56.6% |
| Trade debts44 | €1,530 | €110 | €4,764 | ▲ 43× |
| Suppliers440/4 | €1,530 | €110 | €4,764 | ▲ 43× |
| Taxes, remuneration and social security45 | €1,236 | €10,521 | €2,296 | ▼ 78.2% |
| Taxes450/3 | €1,236 | €10,521 | €2,257 | ▼ 78.5% |
| Remuneration and social security454/9 | - | - | €39 | - |
| Other amounts payable47/48 | - | €5,639 | - | - |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €14,125 | €41,428 | €94,072 | ▲ 127% |
| + Depreciation and write-downs630 | - | - | €255 | - |
| Operating cash flow (approximation) | €14,125 | €41,428 | €94,327 | ▲ 128% |
| Change in cash | - | €54,861 | -€46,041 | - |
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, 39,278 companies had the same profile as ALFA DEV has now. Two years later, 95.8% were still going and 1.8% had gone bankrupt.
- Micro
- 2 to 5 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
Another 0.1% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of ALFA DEV itself: 0.7% within 12 months.
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 39,278 companies, not a prediction for ALFA DEV. 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.
Board & ownership
Directors
Owners and capital
Shareholders
- BENSIALI Othmane 100 shares (100%) · €4,000
Capital transactions
- 14-02-2023 Incorporation · €4,000 · 100 shares
- 14-02-2023 Incorporation · €4,000 · 100 shares
Articles of association
- Transfer restrictionThis rule says whether shareholders may sell their shares freely or need approval first.
- “Moitié cédant moitié acquéreurs proportionnellement si plusieurs, nullité”
Articles of association, deed of 14-02-2023 (in French)
Network & group
ALFA DEV shares no director with another company.
Companies at the same address
273 other companies- Hermans, Sam (sole trader) Establishment · since 2026 1042238175
- WEA GROUP Registered office · since 2026 1041831369
- ALDABRA Registered office · since 2026 1041457920
- IRIS GLOBAL SOLUTIONS Registered office · since 2026 1040352219
- NEXBEL SOLUTION Registered office · since 2026 1040860181
- YOU & BUSINESS Registered office · since 2026 1039559292
- RM HOLDINGS Registered office · since 2026 1039365688
- ES LOGISTIC Registered office · since 2026 1038150616
- THE BOWL DELICE Establishment · since 2026 1038053319
- TAKA AI Registered office · since 2026 1037951765
Connections & network
1 current directorThe network starts from the directors of ALFA DEV. Every other company they run is a node.
Timeline
Acts, filings and financial milestones
14-02
Gazette deed
IncorporationStarting capital €4,000 · Appointment: BENSIALI Othmane (director) · Founder16 points ▸
- Founder, BENSIALI Othmane
- Other provision, “capacité et absence d’incapacité” (deed in French)
- Other provision, “lecture et identité” (deed in French)
- Other provision, “projet d’acte et requête” (deed in French)
- Incorporation, 08-02-2023
- Founding capital, €4,000, mentioned 2 times in the deed
- Other provision, 08-02-2023
- Other provision, “responsabilité des fondateurs en cas de faillite dans les trois ans, trois ans de la constitution” (deed in French)
- Other provision, “arrêt des statuts, CHAPITRE II : STATUTS” (deed in French)
- Other provision, “effectivité des dispositions finales, comparant” (deed in French)
- Registered office clause, “1050 Ixelles,Avenue Louise,209 A bte 7, pas encore” (deed in French)
- Board rule, 1
- The act holds 4 more points.
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 0798.343.850
Financial year and general meeting
Accounts at the NBBSites & property
Buildings and parcels at the address
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 21807G0120/00H005 | Brussels | 480 m² | 1 · 417 m² | 29.8 m · 8 |