ALFA-CONSULTANT
ActiveSummary
ALFA-CONSULTANT has been active since 1993 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €123,386 and a net result of -€28,687. Equity is shrinking by ~3% per year across the filed fiscal years. Its solvency ranks better than 30% of 31958 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability10▼-4
Solvency55▼-5
Growth32▼-20
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €8,000 at 30 days acceptable
Liquidity ample (current ratio 8.5 against 13.08 in 2024; short-term debt: 6.7% and cash: 49% of total assets), but 70.2% of the assets are financed with debt.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
29.8%
Return on assets
-6.9%
Age of the figures
18 mo
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
202122232425
2020 to 2025 · latest year -€28,687
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2025 was due by 31-10-2025 and was filed on 30-10-2025, 1 day ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
1 d early
2024
1 d early
2023
33 d early
2022
4 d late
2021
29 d late
2020
30 d late
2018
31 d early
← 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 on the deadline day; the sector median for financial year 2024 is 9 days before the deadline, and 32% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-03-2026 and is due by 31-10-2026. Nothing is late today. Usually files around 30 October (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
31-03-2026 close29-09-2026 today31-10-2026 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€123,386▼ 24.4%
2024 · €163,161
Total assets
€414,283▼ 10.0%
2024 · €460,150
Net result
-€28,687▼ 63.9%
2024 · -€17,507
Working capital
€208,439▼ 38.0%
2024 · €336,419
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy 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-€30,510▲ 51.9%-€30,505=-€230,530▼ 656%-€38,747▲ 83.2%-€36,798▲ 5.0%
Net result-€16,534below the sector's middle half-€26,684below the sector's middle half▼ 61.4%€65,957within the sector's middle half-€17,507below the sector's middle half-€28,687below the sector's middle half▼ 63.9%
Equity€141,394within the sector's middle half▼ 12.9%€114,710within the sector's middle half▼ 18.9%€180,668within the sector's middle half▲ 57.5%€163,161within the sector's middle half▼ 9.7%€123,386within the sector's middle half▼ 24.4%
Total assets€593,905within the sector's middle half▼ 0.6%€589,336within the sector's middle half▼ 0.8%€794,449within the sector's middle half▲ 34.8%€460,150within the sector's middle half▼ 42.1%€414,283within the sector's middle half▼ 10.0%
Debt€412,574▲ 4.4%€439,126▲ 6.4%€582,719▲ 32.7%€270,364▼ 53.6%€268,710▼ 0.6%
Working capital€419,859above the sector's middle half▲ 0.3%€434,822above the sector's middle half▲ 3.6%€695,199above the sector's middle half▲ 59.9%€336,419above the sector's middle half▼ 51.6%€208,439above the sector's middle half▼ 38.0%
Solvency23.8%below the sector's middle half▼ 3.4pp19.5%below the sector's middle half▼ 4.3pp22.7%below the sector's middle half▲ 3.3pp35.5%within the sector's middle half▲ 12.7pp29.8%within the sector's middle half▼ 5.7pp
Current ratio18.45above the sector's middle half▲ 1.8222.11above the sector's middle half▲ 3.6514.83above the sector's middle half▼ 7.2713.08above the sector's middle half▼ 1.758.50above the sector's middle half▼ 4.58
Return on assets (ROA)-2.8%below the sector's middle half▼ 9.1pp-4.5%below the sector's middle half▼ 1.7pp8.3%within the sector's middle half▲ 12.8pp-3.8%below the sector's middle half▼ 12.1pp-6.9%below the sector's middle half▼ 3.1pp
Staff (FTE)0.8below the sector's middle half=0.8within the sector's middle half=0.8within the sector's middle half=0.8=1▲ 25.0%
above
within
below
the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy 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
The operating result stays negative: a loss of €36,798 in 2025 against €38,747 in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €414,283
Fixed assets
€178,063 ▲ 85.7%
Current assets
€236,220 ▼ 35.2%
Equity and liabilities €414,283
Equity
€123,386 ▼ 24.4%
Provisions
€22,188 ▼ 16.7%
Debt
€268,710 ▼ 0.6%
Debt's share of the balance-sheet total rises from 58.8% to 64.9%. Equity and debt are lower.
Key figures and ratios
EBITDA
-€6,826▲
2024 · -€14,311
Cash flow
€1,286▼
2024 · €6,930
Debt to equity
2.18▲
2024 · 1.66
ROE
-23.2%▼
2024 · -10.7%
Interest coverage
-0.75▲
2024 · -6.40
Debt ≤ 1 year
€27,780▼
2024 · €27,849
Debt > 1 year
€240,929▼
2024 · €242,515
Income taxes
€5,072▲
2024 · €624
Staff costs
€31,458▲
2024 · €31,158
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 2,450 companies that looked in July 2024 the way this one looks now, 1.5% went bankrupt within 24 months and 93% are still going.
- Micro
- 20 years or older
- solvency 10 to 30%
- a small loss
1.5%
went bankrupt
5.0%
stopped otherwise
93%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a lower bankruptcy probability: 0.1% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,338 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.9% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 2,450 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €24,360 | €58,007 | €31,158 | €31,458 | ▲ 1.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €26,139 | €26,462 | €103,645 | €24,437 | €29,972 | ▲ 22.7% |
| Other operating charges640/8 | - | €1,726 | €1,707 | €1,127 | €599 | ▼ 46.8% |
| Gross operating margin9900 | €23,085 | €22,042 | -€67,170 | €17,974 | €25,231 | ▲ 40.4% |
| Operating profit (loss)9901 | -€30,510 | -€30,505 | -€230,530 | -€38,747 | -€36,798 | ▲ 5.0% |
| Financial income75/76B | - | - | €305,646 | €19,663 | €17,844 | ▼ 9.3% |
| Recurring financial income75 | €11,089 | - | €6,532 | €6,445 | €17,844 | ▲ 177% |
| Non-recurring financial income76B | - | - | €299,115 | €13,218 | - | - |
| Financial charges65/66B | - | €616 | €333 | €2,236 | €9,099 | ▲ 307% |
| Recurring financial charges65 | €1,551 | €616 | €333 | €2,236 | €9,099 | ▲ 307% |
| Profit (loss) for the period before taxes9903 | -€20,972 | -€31,121 | €74,783 | -€21,320 | -€28,052 | ▼ 31.6% |
| Transfer from deferred taxes780 | - | €4,438 | €4,438 | €4,438 | €4,438 | = |
| Income taxes67/77 | - | - | €13,263 | €624 | €5,072 | ▲ 713% |
| Profit (loss) for the period9904 | -€16,534 | -€26,684 | €65,957 | -€17,507 | -€28,687 | ▼ 63.9% |
| Transfer from tax-exempt reserves789 | - | €13,313 | €13,313 | €13,313 | €13,313 | = |
| Profit (loss) for the period to be appropriated9905 | -€3,222 | -€13,371 | €79,270 | -€4,194 | -€15,374 | ▼ 267% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €593,905 | €589,336 | €794,449 | €460,150 | €414,283 | ▼ 10.0% |
| Fixed assets21/28 | €149,992 | €133,913 | €48,989 | €95,882 | €178,063 | ▲ 85.7% |
| Intangible fixed assets21 | €20,573 | €19,490 | - | - | - | - |
| Tangible fixed assets22/27 | €129,418 | €114,422 | €48,989 | €95,882 | €178,063 | ▲ 85.7% |
| Land and buildings22 | - | €62,926 | - | - | - | - |
| Plant, machinery and equipment23 | - | €3,481 | €549 | €412 | €275 | ▼ 33.3% |
| Furniture and vehicles24 | - | €48,015 | €34,429 | €84,374 | €78,768 | ▼ 6.6% |
| Other tangible fixed assets26 | - | - | €14,011 | €11,096 | €99,020 | ▲ 792% |
| Current assets29/58 | €443,914 | €455,424 | €745,460 | €364,268 | €236,220 | ▼ 35.2% |
| Amounts receivable within one year40/41 | - | €290 | - | €7,230 | €33,320 | ▲ 361% |
| Trade receivables40 | - | €290 | - | €2,582 | €29,057 | ▲ 1,026% |
| Other amounts receivable41 | - | - | - | €4,649 | €4,263 | ▼ 8.3% |
| Cash at bank and in hand54/58 | €443,452 | €442,158 | €744,156 | €357,038 | €202,900 | ▼ 43.2% |
| Deferred charges and accrued income490/1 | - | €12,976 | €1,303 | - | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €593,905 | €589,336 | €794,449 | €460,150 | €414,283 | ▼ 10.0% |
| Equity10/15 | €141,394 | €114,710 | €180,668 | €163,161 | €123,386 | ▼ 24.4% |
| Contributions10/11 | €24,789 | €24,789 | €24,789 | €24,789 | €24,789 | = |
| Capital10 | - | €24,789 | €24,789 | - | - | - |
| Issued capital100 | - | €24,789 | €24,789 | - | - | - |
| Reserves13 | €133,380 | €120,067 | €106,755 | €93,442 | €69,041 | ▼ 26.1% |
| Non-distributable reserves130/1 | - | €13,567 | €13,567 | €13,567 | €2,479 | ▼ 81.7% |
| Legal reserve130 | - | €2,479 | €2,479 | - | - | - |
| Reserves not available under the articles1311 | - | - | - | €2,479 | €2,479 | = |
| Financial assistance1313 | - | €11,088 | €11,088 | €11,088 | - | - |
| Tax-exempt reserves132 | - | €106,500 | €93,188 | €79,875 | €66,563 | ▼ 16.7% |
| Profit (loss) carried forward14 | -€16,775 | -€30,146 | €49,123 | €44,929 | €29,555 | ▼ 34.2% |
| Provisions and deferred taxes16 | €39,938 | €35,500 | €31,063 | €26,625 | €22,188 | ▼ 16.7% |
| Provisions for liabilities and charges160/5 | - | €35,500 | - | - | - | - |
| Taxes161 | - | €35,500 | - | - | - | - |
| Deferred taxes168 | - | - | €31,063 | €26,625 | €22,188 | ▼ 16.7% |
| Amounts payable17/49 | €412,574 | €439,126 | €582,719 | €270,364 | €268,710 | ▼ 0.6% |
| Amounts payable after more than one year17 | €374,478 | €418,525 | €483,234 | €242,515 | €240,929 | ▼ 0.7% |
| Financial debts170/4 | - | €418,525 | €483,234 | €242,515 | €240,929 | ▼ 0.7% |
| Amounts payable within one year42/48 | €24,055 | €20,601 | €50,260 | €27,849 | €27,780 | ▼ 0.2% |
| Current portion of amounts payable after more than one year42 | - | €16,577 | €2,791 | €11,149 | €21,486 | ▲ 92.7% |
| Trade debts44 | €2,429 | €4,024 | €34,847 | €16,076 | €4,093 | ▼ 74.5% |
| Suppliers440/4 | - | €4,024 | €34,847 | €16,076 | €4,093 | ▼ 74.5% |
| Taxes, remuneration and social security45 | - | - | €12,622 | €624 | €2,201 | ▲ 253% |
| Taxes450/3 | - | - | €12,622 | €624 | €2,201 | ▲ 253% |
| Accrued charges and deferred income492/3 | - | - | €49,225 | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€16,534 | -€26,684 | €65,957 | -€17,507 | -€28,687 | ▼ 63.9% |
| + Depreciation and write-downs630 | €26,139 | €26,462 | €103,645 | €24,437 | €29,972 | ▲ 22.7% |
| Operating cash flow (approximation) | €9,605 | -€222 | €169,603 | €6,930 | €1,286 | ▼ 81.4% |
| Investment in fixed assets (approximation) | - | -€10,382 | -€18,722 | -€71,329 | -€112,154 | ▼ 57.2% |
| Change in cash | - | -€1,295 | €301,999 | -€387,119 | -€154,138 | ▲ 60.2% |
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
2025
30-10
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
31-03
Financial
Weakest financial yearnet -€28,687
Net result drops to -€28,687, the lowest in the series.
2024
30-10
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2023
28-09
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
31-03
Financial
Back to profitnet €65,957
Net result €65,957 after 2 loss-making years.
31-03
Financial
Equity above €150,000Eq €180,668 ▲57.5%
Equity rises from €114,710 to €180,668.
2022
04-11
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 4 days late
2021
29-11
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 29 days late
2020
30-11
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 30 days late
2018
31-12
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2017
29-12
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2016
30-12
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
31-01
NBB filing
Annual accounts filed
fiscal year 2015 · 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, Antwerpen · 1 establishment unit since 1993
Ground area
898 m²
Building footprint
173 m²
Volume, LiDAR
1,125 m³
Parcel 11463D0403/00N004, Flanders · tallest building 10.7 m, ±2 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
ALFA-CONSULTANT
since 19932.063.738.247
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11463D0403/00N004 | Flanders | 898 m² | 1 · 173 m² | 10.7 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.
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Of 82,646 companies in sector 70200 we hold annual accounts for 52,627. 40,875 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
Founded02-09-1993
Fiscal year end31-03
Legal name NL
ALFA - IMMO
Activities, NACEBEL 2025
68310Real estate agency activities
70200Business and other management consultancy
E-invoicing
Reachable via Peppol
Peppol ID
0208:0450804233
Also
9925:BE0450804233
Registered
22-10-2025
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.