Equity
€3.4m ▲ 8.5%
ALFA has made a profit without a break since 2007.
ALFA
Lifetime
20 annual accounts with figures on one time axis, 34 filings since 1992peak €1.3m (2023)
€1.1m▲ 3.1%
lowest -€42,695 (2006)
€269,747▲ 22.8%
peak €3.4m (2025)
€3.4m▲ 8.5%
€17.3m▲ 51.5%
peak 8 FTE (2012)
0.1 FTE
Board5 names since 2017
2 directorsA-IMMO and 1 other
Owners
Documentsfilings and deeds
26-06-202635 days before the deadline
2025financial year
Powers of attorney: VAN REYBROUCK BV and Pieter Van Reybrouck 03-09Amendment of the articles 06-06Registered office moved to Waasmunster 24-02Debts from €11.4m to €17.3mInvestments €5.3mCash from €64,962 to €1.7m
Key points
from the 2025 annual accountsDebts
€17.3m 83% of the balance sheet
Financial debts 68%Suppliers 6%Taxes and wages 0%Other 26%
€12.8m of the debts are secured on the company's own assets. In 2022 that was €8.9m.
Securities
€19.0m
Mortgage mandates, new in 2025. 5.5 times equity · not in the 2024 accounts.
Investments
€5.3m 9.2 × depreciation
Green is investment, beige is depreciation.
Staff
0.1 FTE from 8 in 2012
Between 2012 and 2025, 99% of the full-time equivalents disappeared.
Restructuring
2024
Merger with Beaufort. Merger on 09-02-2024.
Bankruptcy probability: sector outside the model
Checked score
52
Fair
Without a bankruptcy probability, the score rests on the figures alone.
= on 2024
Bankruptcy probability within 12 months
The company is a financial institution: a bank, insurer or financial holding. Its balance sheet works differently from that of a trading or manufacturing company. A bankruptcy probability from the general model would mislead here.
Financial strengthAverage
Credit verdict
Credit of up to €170,000 on 30-day terms is acceptable
Liquidity is insufficient, with a current ratio of 0.34 (0.11 in 2024), below 1. Short-term debt is 26.1% and cash 8.1% of total assets. 83.5% 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
1 signal, which does not raise the risk
1 signal.
neutral
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 26-06-2026, 35 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
35 days early
2024
78 days early
2023
36 days early
2022
6 days early
2021
31 days early
2020
27 days late
2019
37 days early
← 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 28 days before the deadline. In the sector (NACE 68), the median for financial year 2024 was 7 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 26 June (4 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
10-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0444425987
Amendment of the articles
General meeting of 15-05-2025 · Gazette deed
Registered office moved to Waasmunster
New registered office: Sousbeekstraat 116, 9250 Waasmunster · Permanent representative: Geert Van Hemelryck · Board meeting of 13-01-2025 · Gazette deed
Environmental permit granted
Hoogstammige bomen vellen die geen deel uitmaken van een bos, Nieuwbouw of aanleggen, Slopen of verwijderen and 1 more · Lokeren
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| ALFA Waasmunster | €20.8m | €1.1m | 16.5% | 0.1 |
| L'SPHERE CORPORATE Ixelles | €19.6m | €1.2m | -2.7% | 0 |
| REDROSE PROPERTIES Aalst | €20.5m | €0.9m | 63.7% | 0 |
| IMMO-TIJTGAT Zulte | €19.2m | €0.9m | 68.9% | 0 |
| DEFIAC Sint-Martens-Latem | €19.6m | €1.0m | 94.9% | 0 |
| SERVICE PARTNERS Sint-Martens-Latem | €15.3m | €1.1m | 68.1% | 0 |
| DEMALIS Deinze | €16.6m | €1.8m | 34.4% | 0 |
These companies have the same main activity as ALFA: renting and operating of own or leased residential real estate, excluding social housing (NACE 68201). They are comparable in size and age: total assets between €15m and €21m, founded between 1983 and 1999.
Official details
Source: KBO- Status
- Active since 20-06-1991Normal situation
- Activity
- Renting and operating of own or leased residential real estate, excluding social housingNACE 68201
- Joint committee
- 323Building management, estate agents and domestic staff · annual accounts 2025
- Establishment unit
- 2.053.303.7209250 Waasmunster, since 19-02-1993
- Financial year end
- 31 December
- Peppol
- Reachable since 05-11-2025
Annual accounts 2025
- ≈ €1.1mestimated
- €20.8m▲ 41.9%
- Employeeson 31-12-2025
- 1
- Filing
- Filed on 26-06-2026, 35 days before the end of the filing period
Insights on ALFA
ALFA has existed since 1991. In 2009 the gross margin rose from €39,822 to €174,285.
Solvency fell in 2025 from 21.6% to 16.5% because of higher long-term debts.
A-IMMO holds all the shares.
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
- What is the company number of ALFA?
- The company number of ALFA is 0444.425.987. The VAT number is the same number with BE in front: BE 0444.425.987.
- Where is ALFA based?
- The registered office is at Sousbeekstraat 116, 9250 Waasmunster.Company details
- What does ALFA do?
- According to the KBO register, the main activity is renting and operating of own or leased residential real estate, excluding social housing (NACE 68201).
- What is the legal form of ALFA?
- ALFA is a public limited company (NV).
- When was ALFA founded?
- ALFA was founded on 20-06-1991.
- Is ALFA still active?
- Yes, ALFA is an active enterprise in the KBO register.
- How many employees does ALFA have?
- ALFA had an average of 0.1 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- Which joint committee does ALFA fall under?
- In its 2025 annual accounts, ALFA states joint committee 323 (Building management, estate agents and domestic staff).
- What is the turnover of ALFA?
- The turnover in financial year 2025 is ≈ €1.1m. This figure is estimated from the gross margin of €1.1m and 31 comparable companies (NACE 68201). It probably lies between €1.1m and €1.3m.
- Is ALFA profitable?
- In financial year 2025, ALFA made a profit of €269,747.
- Where can I find the annual accounts of ALFA?
- ALFA filed 34 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of ALFA due?
- ALFA must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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