Equity
€318,602 ▼ 22.0%
ALFA.DIS paid out €250,000 in dividends. That is 156% of the 2025 profit.
ALFA.DIS
Lifetime
20 annual accounts with figures on one time axis, 33 filings since 1993peak €3.3m (2021)
€2.1m▼ 25.9%
lowest -€31,393 (2018)
€159,998▼ 1.0%
peak €555,057 (2010)
€318,602▼ 22.0%
€902,068▲ 36.5%
peak 11.5 FTE (2013)
5 FTE▼ 16.7%
Board5 names since 2021
2 directorsSIMA and 1 other
Owners2 names in the annual accounts
99.99%SIMA and 1 other
Documentsfilings and deeds
18-05-202674 days before the deadline
2025financial year
Turnover from €2.8m to €2.1mStaff from 6 FTE to 5 FTENew director 06-06Dividend €250,000Equity from €408,604 to €318,602Debts from €660,647 to €902,068
Key points
from the 2025 annual accountsTurnover
€2.1m ▼ 25.9%
Turnover fell in 2025 from €2.8m to €2.1m.
Debts
€902,068 74% of the balance sheet
Financial debts 5%Suppliers 39%Taxes and wages 9%Other 48%
Of this, €883,144 falls due within a year.
Staff
5 FTE from 11.5 in 2013
Between 2013 and 2025, 57% of the full-time equivalents disappeared.
Payment terms
77 days to suppliers
ALFA.DIS pays its suppliers 14 days later than in 2024. Customers pay 35 days later.
Filings
33 annual accounts since 1993
Seven of the last ten came late. The 2016 accounts came latest: 31 days after the end of the period.
Checked score
92
Excellent
Financially stronger than 33% of micro companies in advertising and market research (NACE 73)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.1% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.2% across 11,231 companies (NACE 73, micro).
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.2%
01-2025: 0.2%● unchanged vs 12-2024
02-2025: 0.2%● unchanged vs 01-2025
03-2025: 0.2%● unchanged vs 02-2025
04-2025: 0.2%● unchanged vs 03-2025
05-2025: 0.2%● unchanged vs 04-2025
06-2025: 0.1%▼ -0.1 percentage points vs 05-2025
07-2025: 0.2%▲ +0.1 percentage points vs 06-2025highest value
08-2025: 0.1%▼ -0.1 percentage points vs 07-2025
09-2025: 0.1%● unchanged vs 08-2025
10-2025: 0.1%● unchanged vs 09-2025
11-2025: 0.1%● unchanged vs 10-2025
12-2025: 0.1%● unchanged vs 11-2025
01-2026: 0.1%● unchanged vs 12-2025
02-2026: 0.1%● unchanged vs 01-2026
03-2026: 0.1%● unchanged vs 02-2026
04-2026: 0.1%● unchanged vs 03-2026
05-2026: 0.1%● unchanged vs 04-2026
06-2026: 0.1%● unchanged vs 05-2026
07-2026: 0.1%● unchanged vs 06-2026lowest value
08-2026: 0.1%● unchanged vs 07-2026lowest value
09-2026: 0.1%● unchanged vs 08-2026lowest value
10-2026: 0.1%● unchanged vs 09-2026lowest value
11-2026: 0.1%● unchanged vs 10-2026lowest value
Financial strengthAverage
Score breakdown
lowers risk
Liquidity: current ratio 1.31, cash €302,877
Founded in 1992
Size: turnover €2.1m, 5 FTE, total assets €1.2m
Legal form: public limited company
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 73, micro). It does better than 31% of them on solvency, 25% on liquidity, 53% on profitability and 22% on growth.
The bankruptcy probability was computed on 10-11-2026 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.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
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).
Comparable companies, two years later
In July 2024, 3,818 companies had the same profile as ALFA.DIS has now. Each dot stands for 10 companies, two years later.
95.1%
were still trading
3.7%
stopped another way
1.0%
went bankrupt
Another 0.2% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of ALFA.DIS itself: 0.1% within 12 months.
Test of the method
The method was tested on the 497,448 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 3,818 companies, not a prediction for ALFA.DIS. 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.
Credit verdict
Credit of up to €25,000 on 30-day terms is acceptable
Liquidity is tight, with a current ratio of 1.31 (1.55 in 2024), below the usual 1.5. Short-term debt is 72.3% and cash 24.8% of total assets. 73.9% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
5 signals, none raises the risk
Five signals.
lowers riskneutral
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 18-05-2026, 74 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
74 days early
2024
24 days early
2023
13 days early
2022
31 days late
2021
17 days late
2020
30 days late
2019
28 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 1 day before the deadline. In the sector (NACE 73), the median for financial year 2024 was 6 days before the deadline, and 36% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 19 July (4 of the last 5 accounts filed within 43 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
11-11-2026 today31-12-2026 year end31-07-2027 deadline
Board and ownership
- SIMA 99.99%score 95equity €10.7m (2026) · 31-03-2026 annual accounts of SIMA
- SIMA 99.99%equity €3.3m (2025) · 31-03-2025 annual accounts of SIMA
Shares in 1 company, Clid Services Brasil
Board & ownershipRecent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0448804944
New director
SA SIMA appointed, SA SIMA resigned · Permanent representative: Kurt Havegeer · General meeting of 23-04-2025 · Gazette deed
Resignation: Gheysen Hendrik (director)
General meeting of 23-09-2024 · Gazette deed
Resignation: Gheysen Jan (director)
General meeting of 31-12-2023 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| ALFA.DIS Mouscron | €2.1m | 10.4% | 26.1% | 5 |
| APPLICA Brussels | €2.1m | 6.7% | 66.9% | 7.1 |
| NIELSEN SPORTS BELGIUM Watermael-Boitsfort | €1.5m | 31.6% | 44.9% | 2 |
| BRUXELLES INFRASTRUCTURE FINANCE - BRUSSEL INFRASTUCTUUR FINANCIERING Brussels | €0.7m | 6.1% | 69.1% | 2 |
| A. Th. and Associates Oupeye | €1.6m | 16.9% | 45.8% | 2.1 |
| FREECASTER Namur | €1.2m | 5.1% | 83.5% | 8.2 |
| EUROPEAN BUSINESS AND INNOVATION CENTRE NETWORK Woluwe-Saint-Pierre | €2.4m | 0.8% | 16.8% | 10 |
Grey: the largest companies of the sector (advertising and market research (NACE 73)), without their names. Blue: the sector peers from the table.
These companies have the same main activity as ALFA.DIS: market research and public opinion polling (NACE 73200). They are comparable in size and age: total assets between €1.1m and €2.3m, founded between 1984 and 1999.
Official details
Source: KBO- Status
- Active since 11-12-1992Normal situation
- Activity
- Market research and public opinion pollingNACE 73200and 2 others
- Establishment unit
- 2.059.908.9257700 Mouscron, since 17-12-1992
- Financial year end
- 31 December
- Peppol
- Reachable since 16-12-2025
Annual accounts 2025
- €1.2m▲ 14.2%
- Employeeson 31-12-2025
- 4▼ 33.3%
- Filing
- Filed on 18-05-2026, 74 days before the end of the filing period
Companies linked to ALFA.DIS
Parent and group
Insights on ALFA.DIS
Solvency fell in 2025 from 38.2% to 26.1% because of the dividend.
SIMA holds all the shares. In June 2025, the Official Gazette published the appointment of SIMA as managing director.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about ALFA.DIS
- What is the company number of ALFA.DIS?
- The company number of ALFA.DIS is 0448.804.944. The VAT number is the same number with BE in front: BE 0448.804.944.
- Where is ALFA.DIS based?
- The registered office is at Industriëlaan 99, 7700 Mouscron.Company details
- What does ALFA.DIS do?
- According to the KBO register, the main activity is market research and public opinion polling (NACE 73200).
- What is the legal form of ALFA.DIS?
- ALFA.DIS is a public limited company (NV).
- When was ALFA.DIS founded?
- ALFA.DIS was founded on 11-12-1992.
- Is ALFA.DIS still active?
- Yes, ALFA.DIS is an active enterprise in the KBO register.
- How many employees does ALFA.DIS have?
- ALFA.DIS had an average of 5 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- What is the turnover of ALFA.DIS?
- The turnover of ALFA.DIS was €2.1m in financial year 2025, according to the filed annual accounts.
- Is ALFA.DIS profitable?
- In financial year 2025, ALFA.DIS made a profit of €159,998.
- Where can I find the annual accounts of ALFA.DIS?
- ALFA.DIS filed 33 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of ALFA.DIS due?
- ALFA.DIS must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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