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ALFA SERVICES

Active
Private limited companyfounded 199333 yrs activePlace de la Gare 1, 1420 Braine-l'Alleud, BelgiumKBO/BCE: BE 0450.012.791
Summary

The computed 12-month bankruptcy probability of ALFA SERVICES is 3.1% (moderate). For ALFA SERVICES, at least two filing cycles of the annual accounts are missing. The 2023 annual accounts show negative equity (-€1,748) and a net result of -€8,192. Equity is shrinking by ~35.8% per year across the filed fiscal years. Its solvency ranks better than 26% of 1768 sector peers (fiscal year 2023). The company has been active since 1993 and the Belgian State Gazette contains no insolvency or warning signals.

Checked score

No current score
Figures too old
The available figures for FY 2023 are too old to assess current financial health.
Filing: At least two filing cycles are missing
Axes, FY 2023 · tick = 2022
Profitability24▲+24
Solvency19▼-17
Growth39▼-1
Track record100
Bankruptcy probability, 12 months
3.1% Moderate
0%0.5%1.5%4%10%≥ 25%
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Signals

Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 56
Relative position
BE, all sectors
reference
Food and beverage service activities (NACE 56)
about 206% more bankruptcies
← fewer bankruptcies more bankruptcies →
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 2023
Solvency, return and age of the figures
Solvency
-5.9%
Return on assets
-27.7%
Age of the figures
33 mo
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 33 years 0 40 y
raises risk · Higher-failure-rate region
In this region companies fail more often than in the rest of the country.
KBO · registered office
raises risk · Two or more financial years not filed
Since the financial year that closed on 31-12-2024, 2 financial years are missing at the National Bank. A company this far behind goes bankrupt within the year nineteen times as often as a punctual filer.
NBB · 10 filings
Position against the passed deadline
31-12-2024 close31-07-2025 deadline30-09-2026 today
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2023 was due by 31-07-2024 and was filed on 02-03-2025, 214 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 10 filings
Deviation from the deadline
2025
not confirmed
2024
not filed
2023
214 d late
2022
50 d late
2021
82 d late
2020
28 d late
2019
147 d late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 5 accounts on average 104 days after the deadline; the sector median for financial year 2024 is 6 days after the deadline, and 53% of the sector filed late.

Checked, nothing found (1)
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

ALFA SERVICES was incorporated on 30 April 1993.1 Revenue grew from EUR 44,330 in 2018 to EUR 57,006 in 2023.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2018 and 2023

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Financials · fiscal year 2023, full schema

Turnover
€57,006▼ 0.5%
2022 · €57,321
EBIT margin
-12.7%▲ 42.3pp
2022 · -55.0%
Net result
-€8,192▲ 76.0%
2022 · -€34,172
Working capital
-€1,737
2022 · €10,316
Trend over the years
In euros
In per cent
Ratio
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.

Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 56, Food and beverage service activities, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).

Every figure with its change against the fiscal year before
favourable unfavourable
Line20192020202120222023
Turnover€44,668▲ 0.8%€38,592▼ 13.6%€92,989▲ 141%€57,321▼ 38.4%€57,006▼ 0.5%
Operating result€15,920▲ 29.6%-€14,853-€21,295▼ 43.4%-€31,511▼ 48.0%-€7,230▲ 77.1%
Net result€11,916▲ 3.4%-€15,308within the sector's middle half-€23,949below the sector's middle half▼ 56.4%-€34,172below the sector's middle half▼ 42.7%-€8,192within the sector's middle half▲ 76.0%
EBIT margin35.6%▲ 7.9pp-38.5%▼ 74.1pp-22.9%▲ 15.6pp-55.0%▼ 32.1pp-12.7%▲ 42.3pp
Equity€77,423▲ 10.0%€62,115within the sector's middle half▼ 19.8%€40,616within the sector's middle half▼ 34.6%€6,444within the sector's middle half▼ 84.1%-€1,748within the sector's middle half
Total assets€84,238▲ 9.6%€64,565within the sector's middle half▼ 23.4%€104,998within the sector's middle half▲ 62.6%€58,521below the sector's middle half▼ 44.3%€29,522below the sector's middle half▼ 49.6%
Debt€6,815▲ 4.8%€2,450▼ 64.0%€64,382▲ 2,528%€52,078▼ 19.1%€31,270▼ 40.0%
Working capital€72,690▲ 7.4%€59,016above the sector's middle half▼ 18.8%€55,034within the sector's middle half▼ 6.7%€10,316within the sector's middle half▼ 81.3%-€1,737within the sector's middle half
Solvency91.9%▲ 0.4pp96.2%above the sector's middle half▲ 4.3pp38.7%within the sector's middle half▼ 57.5pp11.0%within the sector's middle half▼ 27.7pp-5.9%within the sector's middle half▼ 16.9pp
Current ratio11.67▲ 0.2525.09above the sector's middle half▲ 13.423.73above the sector's middle half▼ 21.361.42within the sector's middle half▼ 2.310.87within the sector's middle half▼ 0.55
Return on assets (ROA)14.1%▼ 0.8pp-23.7%below the sector's middle half▼ 37.9pp-22.8%below the sector's middle half▲ 0.9pp-58.4%below the sector's middle half▼ 35.6pp-27.7%below the sector's middle half▲ 30.6pp
above within below the middle half (P25 to P75) of NACE 56, Food and beverage service activities, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
-€40,000-€20,000€0€20,000Operating result 2019: €15,920€15,920Net result 2019: €11,916€11,916Operating result 2020: -€14,853-€14,853Net result 2020: -€15,308-€15,308Operating result 2021: -€21,295-€21,295Net result 2021: -€23,949-€23,949Operating result 2022: -€31,511-€31,511Net result 2022: -€34,172-€34,172Operating result 2023: -€7,230-€7,230Net result 2023: -€8,192-€8,19220192020202120222023-€40,000-€30,000-€20,000-€10,000€0Operating result 2021: -€21,295-€21,300Net result 2021: -€23,949-€23,900Operating result 2022: -€31,511-€31,500Net result 2022: -€34,172-€34,200Operating result 2023: -€7,230-€7,230Net result 2023: -€8,192-€8,190202120222023
The operating result stays negative: a loss of €7,230 in 2023 against €31,511 in 2022; the loss shrinks.
Balance-sheet composition
2023 in colour, 2022 as the grey bar beneath
Assets €29,522
Fixed assets €18,137 ▼ 23.7%
Current assets €11,384 ▼ 67.2%
Key figures and ratios
2023 value · change against 2022
EBITDA
€2,031▲
2022 · -€22,332
Cash flow
€1,069▲
2022 · -€24,993
Quick ratio
0.43▼
2022 · 1.36
Debt to equity
-17.89▼
2022 · 8.08
Interest coverage
2.18▲
2022 · -8.68
Debt ≤ 1 year
€13,122▼
2022 · €24,435
Debt > 1 year
€18,148▼
2022 · €27,643
Income taxes
€30▼
2022 · €88
Staff costs
€2,026▼
2022 · €15,371
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
Filed annual accounts As filed with the NBB · 2023 against 2022 · 47 lines
Balance sheet Code20222023
Assets
Total assets20/58€58,521€29,522▼
Fixed assets21/28€23,771€18,137▼
Tangible fixed assets22/27€23,686€18,053▼
Plant, machinery and equipment23€7,891€3,251▼
Furniture and vehicles24€14,729€14,296▼
Other tangible fixed assets26€1,066€506▼
Financial fixed assets28€84€84=
Current assets29/58€34,751€11,384▼
Stocks and contracts in progress3€1,500€5,750▲
Stocks30/36€1,500€5,750▲
Amounts receivable within one year40/41€538€3,084▲
Other amounts receivable41€538€3,084▲
Cash at bank and in hand54/58€32,713€2,551▼
Equity and liabilities
Total equity and liabilities10/49€58,521€29,522▼
Equity10/15€6,444-€1,748▼
Contributions10/11€18,592€18,592=
Capital10€18,592€18,592=
Issued capital100€18,592€18,592=
Reserves13€13,679€13,679=
Non-distributable reserves130/1€1,859€1,859=
Legal reserve130€1,859€1,859=
Tax-exempt reserves132€11,820€11,820=
Profit (loss) carried forward14-€25,827-€34,019▼
Amounts payable17/49€52,078€31,270▼
Amounts payable after more than one year17€27,643€18,148▼
Financial debts170/4€27,643€18,148▼
Amounts payable within one year42/48€24,435€13,122▼
Current portion of amounts payable after more than one year42€7,755€9,494▲
Financial debts43€6,140-
Credit institutions430/8€6,140-
Trade debts44€10,540€3,627▼
Suppliers440/4€10,540€3,627▼
Income statement Code20222023
Turnover70€57,321€57,006▼
Goods, raw materials, services and sundry goods60/61€63,384€51,444▼
Remuneration, social security and pensions62€15,371€2,026▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€9,179€9,261▲
Other operating charges640/8€899€1,505▲
Gross operating margin9900-€6,063€5,563▲
Operating profit (loss)9901-€31,511-€7,230▲
Financial charges65/66B€2,573€932▼
Recurring financial charges65€2,573€932▼
Profit (loss) for the period before taxes9903-€34,084-€8,163▲
Income taxes67/77€88€30▼
Profit (loss) for the period9904-€34,172-€8,192▲
Profit (loss) for the period to be appropriated9905-€34,172-€8,192▲
Appropriation of the result
Profit (loss) to be appropriated9906-€25,827-€34,019▼
Profit (loss) brought forward from the previous period14P€8,345-€25,827▼

The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20192020202120222023Change
Turnover70€44,668€38,592€92,989€57,321€57,006▼ 0.5%
Goods, raw materials, services and sundry goods60/61--€98,608€63,384€51,444▼ 18.8%
Remuneration, social security and pensions62--€6,395€15,371€2,026▼ 86.8%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€1,509€1,907€6,336€9,179€9,261▲ 0.9%
Other operating charges640/8--€2,945€899€1,505▲ 67.5%
Gross operating margin9900€22,405-€11,312-€5,619-€6,063€5,563▲ 192%
Operating profit (loss)9901€15,920-€14,853-€21,295-€31,511-€7,230▲ 77.1%
Financial charges65/66B--€2,654€2,573€932▼ 63.8%
Recurring financial charges65€646€455€2,654€2,573€932▼ 63.8%
Profit (loss) for the period before taxes9903€15,275-€15,308-€23,949-€34,084-€8,163▲ 76.1%
Income taxes67/77€3,358--€88€30▼ 66.4%
Profit (loss) for the period9904€11,916-€15,308-€23,949-€34,172-€8,192▲ 76.0%
Profit (loss) for the period to be appropriated9905€11,916-€15,308-€23,949-€34,172-€8,192▲ 76.0%
Line20192020202120222023Change
Assets
Total assets20/58€84,238€64,565€104,998€58,521€29,522▼ 49.6%
Fixed assets21/28€4,733€3,099€29,807€23,771€18,137▼ 23.7%
Tangible fixed assets22/27€4,649€3,015€29,723€23,686€18,053▼ 23.8%
Plant, machinery and equipment23--€11,306€7,891€3,251▼ 58.8%
Furniture and vehicles24--€16,791€14,729€14,296▼ 2.9%
Other tangible fixed assets26--€1,626€1,066€506▼ 52.5%
Financial fixed assets28€84€84€84€84€84=
Current assets29/58€79,505€61,466€75,191€34,751€11,384▼ 67.2%
Stocks and contracts in progress3--€2,450€1,500€5,750▲ 283%
Stocks30/36--€2,450€1,500€5,750▲ 283%
Amounts receivable within one year40/41€3,500-€3,665€538€3,084▲ 473%
Other amounts receivable41--€3,665€538€3,084▲ 473%
Cash at bank and in hand54/58€76,005€61,466€69,076€32,713€2,551▼ 92.2%
Equity and liabilities
Total equity and liabilities10/49€84,238€64,565€104,998€58,521€29,522▼ 49.6%
Equity10/15€77,423€62,115€40,616€6,444-€1,748▼ 127%
Contributions10/11€18,592€18,592€18,592€18,592€18,592=
Capital10--€18,592€18,592€18,592=
Issued capital100--€18,592€18,592€18,592=
Reserves13€13,679€13,679€13,679€13,679€13,679=
Non-distributable reserves130/1--€1,859€1,859€1,859=
Legal reserve130--€1,859€1,859€1,859=
Tax-exempt reserves132--€11,820€11,820€11,820=
Profit (loss) carried forward14€45,153€29,844€8,345-€25,827-€34,019▼ 31.7%
Amounts payable17/49€6,815€2,450€64,382€52,078€31,270▼ 40.0%
Amounts payable after more than one year17--€44,225€27,643€18,148▼ 34.3%
Financial debts170/4--€44,225€27,643€18,148▼ 34.3%
Amounts payable within one year42/48€6,815€2,450€20,157€24,435€13,122▼ 46.3%
Current portion of amounts payable after more than one year42--€7,432€7,755€9,494▲ 22.4%
Financial debts43--€4,976€6,140--
Credit institutions430/8--€4,976€6,140--
Trade debts44€1,750€2,450€7,750€10,540€3,627▼ 65.6%
Suppliers440/4--€7,750€10,540€3,627▼ 65.6%
Line20192020202120222023Change
Profit (loss) for the period9904€11,916-€15,308-€23,949-€34,172-€8,192▲ 76.0%
+ Depreciation and write-downs630€1,509€1,907€6,336€9,179€9,261▲ 0.9%
Operating cash flow (approximation)€13,425-€13,401-€17,613-€24,993€1,069▲ 104%
Investment in fixed assets (approximation)--€273-€33,045-€3,143-€3,628▼ 15.5%
Change in cash--€14,539€7,610-€36,363-€30,162▲ 17.1%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

2025
02-03
NBB filing Annual accounts filed
fiscal year 2023 · full schema · 214 days late
2023
19-09
NBB filing Annual accounts filed
fiscal year 2022 · full schema · 50 days late
2022
31-12
Financial Weakest financial yearnet -€34,172
Net result drops to -€34,172, the lowest in the series; recovery starts the following year.
21-10
NBB filing Annual accounts filed
fiscal year 2021 · full schema · 82 days late
2021
28-08
NBB filing Annual accounts filed
fiscal year 2020 · full schema · 28 days late
2020
31-12
Financial Liquidity doublescurrent ratio 25.09
Current ratio from 11.67 to 25.09; short-term debt falls from €6,815 to €2,450.
25-12
NBB filing Annual accounts filed
fiscal year 2019 · full schema · 147 days late
2019
31-12
Financial Highest result since 2018net €11,916 ▲3.4%
Operating result €15,920, net result €11,916, both a record.
25-07
NBB filing Annual accounts filed
fiscal year 2018 · full schema
2018
29-09
NBB filing Annual accounts filed
fiscal year 2017 · full schema · 60 days late
2017
19-08
NBB filing Annual accounts filed
fiscal year 2016 · full schema · 19 days late
2016
31-10
NBB filing Annual accounts filed
fiscal year 2015 · full schema · 92 days late
2015
29-08
NBB filing Annual accounts filed
fiscal year 2014 · full schema · 29 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts

We know of 4 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
4 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, Braine-l'Alleud · 1 establishment unit since 1993
seat establishment The establishment unit on the map
Ground area
154 m²
Building footprint
154 m²
Volume, LiDAR
1,921 m³
Parcel 25744E0870/00_000, Wallonia · tallest building 16.0 m, ±4 floors. Linked by address, not a title deed.
7 companies at this address See who is registered here
1 establishment unit
LE METROPOLE by le petit môle
Place de la Gare 1, 1420 Braine-l'AlleudRetail trade
since 19932.062.253.157
1 parcel
Wallonia 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
25744E0870/00_000 Wallonia 154 m² 1 · 154 m² 16.0 m · 4 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.

Similar companies · same sector, comparable size

Of 21,853 companies in sector 56112 we hold annual accounts for 9,781. 5,856 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
Founded30-04-1993
Fiscal year end31-12
Activities, NACEBEL 2025
14210Manufacture of outerwear
56112Limited-service restaurants, excluding mobile food services
47210Retail sale of fruit and vegetables
47279Other retail sale of food
56301Cafés and bars
82990Other business support services
E-invoicing
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