ALFA GANESHA
InactiveALFA GANESHA was declared bankrupt on 09-05-2022 (Tribunal de l’entreprise francophone de Bruxelles); the bankruptcy was closed for insufficient assets by judgment of 02-12-2025, published in the Belgian State Gazette on 10-12-2025.
Summary
Inactive; last annual accounts for fiscal year 2017.
Signals
Three signals. The signal on the left, the evidence on the right.
○neutral
neutral · No filing for years
The last filed financial year closed on 31-12-2017. Since then, 8 financial years are missing. This points to a standstill, not an imminent failure.
NBB · 3 filingsPosition against the passed deadline
31-12-2018 close31-07-2019 deadline24-09-2026 today
neutral · Filed after the deadline
The financial year that closed on 31-12-2017 was due by 31-07-2018 and was filed on 29-08-2018, 29 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 · 3 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
not filed
2021
not filed
2020
not filed
2019
not filed
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2017, micro schema
Turnover
€118k▼ 7.9%
2016 · €128k
2015: €160k
2016: €128k
2015 → 2017
EBIT margin
-9.3%▼ 10.9pp
2016 · 1.6%
2015: 0.9%
2016: 1.6%
2015 → 2017
Net result
€-11k
2016 · €2k
2015: €1k
2016: €2k
2015 → 2017
Working capital
€11k▲ 11.2%
2016 · €9k
2015: €7k
2016: €9k
2015 → 2017
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line201520162017Trend
Turnover€160k-€128k▼ 20.1%€118k▼ 7.9%
Equity€7k-€9k▲ 26.1%€6k▼ 32.3%
Operating result€1k-€2k▲ 46.2%€-11k
Net result€1k-€2k▲ 51.8%€-11k
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2017: a loss of €11k after €2k in 2016, the lowest result in the available series.
Balance-sheet composition
2017 in colour, 2016 as the grey bar beneath
Equity and liabilities €12k
Equity
€6k ▼ 32.3%
Debt
€5k ▲ 121%
Debt's share of the balance-sheet total rises from 20.2% to 45.2%. Equity is lower and debt is higher.
Key figures and ratios
Current ratio
10.01▲
2016 · 4.96
Quick ratio
7.69▲
2016 · 3.82
Debt to equity
0.64
ROE
-179.0%▼
2016 · 20.7%
ROA
-98.1%▼
2016 · 16.5%
Debt ≤ 1 year
€1k▼
2016 · €2k
Debt > 1 year
€4k
Income taxes
€344
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2017 against 2016 · 23 lines
Balance sheet
Code20162017
Assets
Total assets20/58€12k€12k▼
Current assets29/58€12k€12k▼
Stocks and contracts in progress3€3k€3k=
Amounts receivable within one year40/41€7k€8k▲
Cash at bank and in hand54/58€2k€1k▼
Equity and liabilities
Total equity and liabilities10/49€12k€12k▼
Equity10/15€9k€6k▼
Contributions10/11€6k€15k▲
Reserves13€224€224=
Profit (loss) carried forward14€3k€-8k▼
Amounts payable17/49€2k€5k▲
Amounts payable after more than one year17-€4k
Amounts payable within one year42/48€2k€1k▼
Trade debts44€2k€955▼
Income statement
Code20162017
Turnover70€128k€118k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€272-
Gross operating margin9900€2k€-11k▼
Operating profit (loss)9901€2k€-11k▼
Recurring financial charges65€95€119▲
Profit (loss) for the period before taxes9903€2k€-11k▼
Income taxes67/77-€344
Profit (loss) for the period9904€2k€-11k▼
Profit (loss) for the period to be appropriated9905€2k€-11k▼
Timeline · acts, filings and financial milestones
2025
10-12
Bankruptcy
Bankruptcy closure (insufficient assets)
Tribunal de l’entreprise francophone de Bruxelles · ALFA GANESHA SRL CHAUSSEE D’ALSEMBERG 356, 1190 FOREST. déclarée le 9 mai 2022 · event 02-12-2025
2022
16-05
Bankruptcy
Opening
Tribunal de l’entreprise francophone de Bruxelles · ALFA GANESHA SRL CHAUSSEE D’ALSEMBERG 356, 1190 FOREST · event 09-05-2022
2018
29-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 29 days late
2017
31-12
Financial
Weakest financial yearnet €-11k ▼685%
Net result drops to €-11k, the lowest in the series.
31-12
Financial
Liquidity doublescurrent ratio 10.01
Current ratio from 4.96 to 10.01; short-term debt falls from €2k to €1k.
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 31 days late
2016
31-12
Financial
Highest result since 2015net €2k ▲51.8%
Operating result €2k, net result €2k, both a record.
02-12
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 124 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
6 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
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.
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | CHRISTOPHE BOURTEMBOURG AVENUE
LOUISE 283/19, 1050 IXELLES- christophe.bourtembourg@everest-
law.eu |
09-05-2022 → 02-12-2025 |