Summary
ALFA EXPERTS is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €190,547 and a net result of €201,271. Equity is growing by ~35.9% per year across the filed fiscal years. Its solvency ranks better than 43% of 1501 sector peers (fiscal year 2025). The company has been active since 1996 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Outside the general model
Model not applicable to financial institutions
The Checked score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here. That is why we show no financial axes either.
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Signals
1 signal. The signal on the left, the evidence on the right.
○neutral
neutral · A punctual record breaks
This company filed 4 consecutive financial years on time. The year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 days late. Weigh it accordingly: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.
NBB · 10 filingsDeviation from the deadline
2025
31 d late
2024
13 d early
2023
12 d early
2022
11 d early
2021
12 d early
2020
3 d early
2019
14 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 1 day before the deadline; the sector median for financial year 2024 is 5 days before the deadline, and 38% of the sector filed late.
Checked, nothing found (2)
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. Usually files around 20 July (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
29-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
In the rankings
#2 oldest company in Bredene, Finance and insurance sector
Equity
€190,547▲ 53.3%
2024 · €124,277
Net result
€201,271▲ 15.6%
2024 · €174,172
Total assets
€598,007▼ 2.3%
2024 · €611,794
Solvency
31.9%▲ 11.6pp
2024 · 20.3%
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 66, Activities auxiliary to financial services and insurance activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€52,210€58,701▲ 12.4%€15,292▼ 73.9%€187,016▲ 1,123%€236,585▲ 26.5%
Net result€53,370within the sector's middle half€47,153within the sector's middle half▼ 11.6%€12,836below the sector's middle half▼ 72.8%€174,172within the sector's middle half▲ 1,257%€201,271within the sector's middle half▲ 15.6%
Equity€52,615below the sector's middle half€79,768below the sector's middle half▲ 51.6%€85,105below the sector's middle half▲ 6.7%€124,277within the sector's middle half▲ 46.0%€190,547within the sector's middle half▲ 53.3%
Total assets€158,349below the sector's middle half▲ 146%€172,846below the sector's middle half▲ 9.2%€164,229below the sector's middle half▼ 5.0%€611,794within the sector's middle half▲ 273%€598,007within the sector's middle half▼ 2.3%
Debt€105,733▲ 62.7%€93,078▼ 12.0%€79,124▼ 15.0%€487,517▲ 516%€407,460▼ 16.4%
Working capital€88,877within the sector's middle half€118,054within the sector's middle half▲ 32.8%€131,854within the sector's middle half▲ 11.7%-€82,536below the sector's middle half€30,863within the sector's middle half
Solvency33.2%within the sector's middle half▲ 34.4pp46.1%within the sector's middle half▲ 12.9pp51.8%within the sector's middle half▲ 5.7pp20.3%within the sector's middle half▼ 31.5pp31.9%within the sector's middle half▲ 11.6pp
Current ratio3.24within the sector's middle half5.20above the sector's middle half▲ 1.9610.34above the sector's middle half▲ 5.130.80below the sector's middle half▼ 9.531.09within the sector's middle half▲ 0.29
Return on assets (ROA)33.7%above the sector's middle half▲ 38.1pp27.3%above the sector's middle half▼ 6.4pp7.8%within the sector's middle half▼ 19.5pp28.5%above the sector's middle half▲ 20.7pp33.7%above the sector's middle half▲ 5.2pp
above
within
below
the middle half (P25 to P75) of NACE 66, Activities auxiliary to financial services and insurance activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 27% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €598,007
Fixed assets
€224,685 ▼ 17.3%
Current assets
€373,321 ▲ 9.8%
Equity and liabilities €598,007
Equity
€190,547 ▲ 53.3%
Debt
€407,460 ▼ 16.4%
Debt's share of the balance-sheet total falls from 79.7% to 68.1%. Equity is higher and debt is lower.
Key figures and ratios
ROE
105.6%▼
2024 · 140.1%
Debt ≤ 1 year
€342,458▼
2024 · €422,516
Debt > 1 year
€65,001=
2024 · €65,001
Income taxes
€30,445▲
2024 · €10,349
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | €2,297 | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €4,853 | €6,528 | €5,309 | €43,865 | €66,661 | ▲ 52.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | -€4,073 | - | - | - |
| Other operating charges640/8 | €5,201 | €12,076 | €26,316 | €14,093 | €16,124 | ▲ 14.4% |
| Gross operating margin9900 | €62,264 | €77,305 | €42,845 | €244,974 | €319,370 | ▲ 30.4% |
| Operating profit (loss)9901 | €52,210 | €58,701 | €15,292 | €187,016 | €236,585 | ▲ 26.5% |
| Financial income75/76B | €15,664 | €1,994 | €540 | €419 | €82 | ▼ 80.4% |
| Recurring financial income75 | €320 | €1,994 | €540 | €419 | €82 | ▼ 80.4% |
| Non-recurring financial income76B | €15,344 | - | - | - | - | - |
| Financial charges65/66B | €1,650 | €772 | €325 | €2,914 | €4,952 | ▲ 70.0% |
| Recurring financial charges65 | €1,650 | €772 | €325 | €2,914 | €4,952 | ▲ 70.0% |
| Profit (loss) for the period before taxes9903 | €66,223 | €59,922 | €15,507 | €184,521 | €231,715 | ▲ 25.6% |
| Income taxes67/77 | €12,853 | €12,770 | €2,670 | €10,349 | €30,445 | ▲ 194% |
| Profit (loss) for the period9904 | €53,370 | €47,153 | €12,836 | €174,172 | €201,271 | ▲ 15.6% |
| Profit (loss) for the period to be appropriated9905 | €53,370 | €47,153 | €12,836 | €174,172 | €201,271 | ▲ 15.6% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €158,349 | €172,846 | €164,229 | €611,794 | €598,007 | ▼ 2.3% |
| Fixed assets21/28 | €29,837 | €26,716 | €18,252 | €271,814 | €224,685 | ▼ 17.3% |
| Tangible fixed assets22/27 | €29,837 | €26,716 | €18,252 | €271,814 | €224,685 | ▼ 17.3% |
| Plant, machinery and equipment23 | €7,360 | €5,469 | €1,383 | €23,494 | €20,993 | ▼ 10.6% |
| Furniture and vehicles24 | €18,797 | €20,657 | €16,409 | €16,905 | €13,129 | ▼ 22.3% |
| Other tangible fixed assets26 | €3,680 | €590 | €460 | €231,415 | €190,563 | ▼ 17.7% |
| Current assets29/58 | €128,512 | €146,131 | €145,977 | €339,980 | €373,321 | ▲ 9.8% |
| Amounts receivable within one year40/41 | €55,602 | €47,755 | €40,195 | €11,152 | €11,930 | ▲ 7.0% |
| Trade receivables40 | €14,797 | €8,160 | - | €10,054 | €11,480 | ▲ 14.2% |
| Other amounts receivable41 | €40,805 | €39,595 | €40,195 | €1,097 | €450 | ▼ 58.9% |
| Cash at bank and in hand54/58 | €72,567 | €97,411 | €105,228 | €327,938 | €360,687 | ▲ 10.0% |
| Deferred charges and accrued income490/1 | €343 | €964 | €553 | €890 | €704 | ▼ 20.9% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €158,349 | €172,846 | €164,229 | €611,794 | €598,007 | ▼ 2.3% |
| Equity10/15 | €52,615 | €79,768 | €85,105 | €124,277 | €190,547 | ▲ 53.3% |
| Contributions10/11 | €18,592 | €18,592 | €18,592 | €18,592 | €18,592 | = |
| Outside capital11 | €18,592 | €18,592 | €18,592 | €18,592 | - | - |
| Other1109/19 | €18,592 | €18,592 | €18,592 | €18,592 | - | - |
| Reserves13 | €34,023 | €61,176 | €66,513 | €105,685 | €171,955 | ▲ 62.7% |
| Distributable reserves133 | €34,023 | €61,176 | €66,513 | €105,685 | €171,955 | ▲ 62.7% |
| Amounts payable17/49 | €105,733 | €93,078 | €79,124 | €487,517 | €407,460 | ▼ 16.4% |
| Amounts payable after more than one year17 | €65,001 | €65,001 | €65,001 | €65,001 | €65,001 | = |
| Other amounts payable178/9 | €65,001 | €65,001 | €65,001 | €65,001 | €65,001 | = |
| Amounts payable within one year42/48 | €39,635 | €28,077 | €14,123 | €422,516 | €342,458 | ▼ 18.9% |
| Trade debts44 | €26,416 | €5,307 | €3,952 | €281,996 | €147,333 | ▼ 47.8% |
| Suppliers440/4 | €26,416 | €5,307 | €3,952 | €281,996 | €147,333 | ▼ 47.8% |
| Taxes, remuneration and social security45 | €13,219 | €2,770 | €2,670 | €5,519 | €11,949 | ▲ 117% |
| Taxes450/3 | €13,219 | €2,770 | €2,670 | €5,519 | €11,949 | ▲ 117% |
| Other amounts payable47/48 | - | €20,000 | €7,500 | €135,000 | €183,176 | ▲ 35.7% |
| Accrued charges and deferred income492/3 | €1,097 | - | - | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €53,370 | €47,153 | €12,836 | €174,172 | €201,271 | ▲ 15.6% |
| + Depreciation and write-downs630 | €4,853 | €6,528 | €5,309 | €43,865 | €66,661 | ▲ 52.0% |
| Operating cash flow (approximation) | €58,223 | €53,681 | €18,145 | €218,037 | €267,932 | ▲ 22.9% |
| Investment in fixed assets (approximation) | - | -€3,407 | €3,155 | -€297,428 | -€19,533 | ▲ 93.4% |
| Change in cash | - | €24,844 | €7,817 | €222,710 | €32,749 | ▼ 85.3% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 31 days late
2025
31-12
Financial
Highest result since 2019net €201,271 ▲15.6%
Operating result €236,585, net result €201,271, both a record.
31-12
Financial
Equity above €150,000Eq €190,547 ▲53.3%
5 profitable years in a row build equity to €190,547.
18-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Equity above €100,000Eq €124,277 ▲46%
4 profitable years in a row build equity to €124,277.
19-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
20-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
19-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Back to profitnet €53,370
Net result €53,370 after 2 loss-making years.
28-01
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
14-02
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 14 days late
2019
31-01
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
26-01
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
31-01
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
3 acts for this company are 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, Bredene · 1 establishment unit since 1996
Ground area
3,690 m²
Building footprint
519 m²
Volume, LiDAR
2,795 m³
Parcel 35302D0074/00H000, Flanders · tallest building 7.9 m, ±2 floors. Linked by address, not a title deed.
11
companies at this address
See who is registered here
1 establishment unit
BARB'O
since 19962.075.375.574
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 35302D0074/00H000 | Flanders | 3,690 m² | 1 · 519 m² | 7.9 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Food safety, FASFC
1 siteBredene2.075.375.574
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Of 853 companies in sector 66210 we hold annual accounts for 511. 434 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded22-01-1996
Fiscal year end31-12
Activities, NACEBEL 2025
66210Risk and damage evaluation
56111Full-service restaurants
56112Limited-service restaurants, excluding mobile food services
56210Event catering
56301Cafés and bars
68310Real estate agency activities
E-invoicing
Reachable via Peppol
Peppol ID
0208:0457065186
Registered
09-12-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.