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ALFA Z

Active
Private limited company (pre-2019)founded 199234 yrs activeGeorges Henrilaan 365, 1200 Sint-Lambrechts-Woluwe, BelgiumKBO/BCE: BE 0446.864.647
Summary

ALFA Z has been active since 1992 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €147,264 and a net result of -€57,974. Equity is growing by ~12% per year across the filed fiscal years. Its solvency ranks better than 81% of 1859 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (low).

Risk analysisWatch ReportCompare
ALFA ZActiveChecked score 81/100
Risk analysis ReportCompare

Overview

Activity
Manufacture of food products
NACE 10830NACE 15860Other retail sale of food NACE 47279
3 sites
Size
€216,282total assets 2025
Staff
10.5 FTE
Equity
€147,264
Loss
-€57,974
Turnover not published (abridged schema)
Financial health
81 Excellent Checked score 2025
Bankruptcy chance 12 m
0.5%
Structure
Accounts filed 9 d late1 of 5 deeds read
Why 81- Loss of €57,974 (FY 2025)- Sector Manufacture of food products (NACE 10)+ Liquidity: current ratio 1.29, cash €49,768, halved+ Founded in 1992Show the evidence

Checked score

Score 2025
81 / 100
Excellent
Probability in this band: under 0.55%
Better than 44% of its sector peers (NACE 10, micro)
Performance against the sector, not lower risk
Every signal that weighs is under Signals.
Financial strength · tick = 2024
Average
Solvency 93-7
equity 68.1% of total assets
Liquidity 65-30
short-term debt 31.9% · cash 23.0%
Profitability 0-89
return on assets -26.8%
Bankruptcy probability, 12 months
0.5% Low
0%0.5%1.5%4%10%≥ 25%

About 5 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 1.1% (3,069 companies)
Last 24 months 11-2024: 0.1% 12-2024: 0.1%▲ +3.0% vs 11-2024 01-2025: 0.1%▲ +20.3% vs 12-2024 02-2025: 0.2%▲ +80.7% vs 01-2025 03-2025: 0.1%▼ -62.7% vs 02-2025 04-2025: 0.1%● 0.0% vs 03-2025 05-2025: 0.1%● 0.0% vs 04-2025 06-2025: 0.1%▼ -3.6% vs 05-2025 07-2025: 0.1%● 0.0% vs 06-2025 08-2025: 0.1%● 0.0% vs 07-2025 09-2025: 0.1%▼ -3.7% vs 08-2025lowest value 10-2025: 0.1%▲ +1.9% vs 09-2025 11-2025: 0.1%▲ +3.8% vs 10-2025 12-2025: 0.1%● 0.0% vs 11-2025 01-2026: 0.1%▲ +25.5% vs 12-2025 02-2026: 0.1%▲ +75.4% vs 01-2026 03-2026: 0.5%▲ +282% vs 02-2026 04-2026: 0.5%▲ +0.6% vs 03-2026 05-2026: 0.5%● 0.0% vs 04-2026 06-2026: 0.5%● 0.0% vs 05-2026 07-2026: 0.5%● 0.0% vs 06-2026 08-2026: 0.5%● 0.0% vs 07-2026 09-2026: 0.5%● 0.0% vs 08-2026 10-2026: 0.5%▲ +8.0% vs 09-2026highest value
  • Loss of €57,974 (FY 2025) raises the probability
  • Sector Manufacture of food products (NACE 10) raises the probability
  • Liquidity: current ratio 1.29, cash €49,768, halved lowers the probability
  • Founded in 1992 lowers the probability for this profile
Credit up to €11,000 at 30 days acceptable
Liquidity tight (current ratio 1.29 against 4.54 in 2024; short-term debt: 31.9% and cash: 23% of total assets), and 31.9% of the assets are financed with debt.
How it is calculated

The band comes from the bankruptcy probability on a scale of 0 to 100: every 10 points more double the odds of getting through the year without bankruptcy.

75-100 Excellent under 0.55%
60-74 Healthy 0.55% to 1.5%
45-59 Fair 1.5% to 4.2%
25-44 Weak 4.2% to 15.0%
0-24 Critical over 15.0%

Place inside the band: half the bankruptcy probability, half how the company does against its sector peers (NACE 10, micro). Better than this share of them on solvency 81%, liquidity 70%, profitability 6%, growth against the median 17%. That is performance, not lower risk; the band itself always comes from the probability.

Bankruptcy probability: model pd-v3.202610021621, computed on 05-10-2026. The model learns from Belgian bankruptcies and reads the registers, the annual accounts and the gazette.

Ceilings: negative or zero equity, a heavy loss, a special KBO legal situation and a missing filing 59 (two missing 44), an ongoing judicial reorganisation or an ending 24. Financial strength does not count in the score.

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Signals

Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Loss of €57,974 (FY 2025)
In the bankruptcy model this factor raises the probability.
NBB · annual accounts
raises risk · Sector Manufacture of food products (NACE 10)
In the bankruptcy model this factor raises the probability.
KBO
lowers risk · Liquidity: current ratio 1.29, cash €49,768, halved
In the bankruptcy model this factor lowers the probability.
NBB · annual accounts
lowers risk · Founded in 1992
In the bankruptcy model this factor lowers the probability for this profile.
KBO
neutral · Filed after the deadline
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 09-02-2026, 9 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 · 10 filings
Deviation from the deadline
2025
9 d late
2024
18 d late
2023
on the day
2022
2 d late
2021
11 d late
2020
2 d early
2019
2 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 5 days after 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 30-06-2026 and is due by 31-01-2027. Nothing is late today. Usually files around 9 February (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Position in the running window
30-06-2026 close06-10-2026 today31-01-2027 deadline
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
  1. Resignation: Amina EL IDRISSI (manager)Director discharge
  2. Annual accounts filedfiscal year 2025 · micro…
  3. Weakest financial yearnet -€57,974

Key points

  • Caution: From profit to loss in 2025after €40,931 in 2024 -€57,974 View
  • Caution: Among the weakest 5% on net resultsector median €8,233 · 1,861 companies -€57,974 View
  • A director leftlatest change 01-06-2026 · 0 in office 1 left View

By topic

Financials

Fiscal year
2025
Total assets
€216,282
Loss
-€57,974
Solvency
68.1%
Total assets▼ 12.8%
Net result
20192025
Go to Financials

Timeline

Events
16
Since
2016
Next accounts
by 31-01-2027
  1. 20-08-2026Resignation: Amina EL IDRISSI (manager)
  2. 09-02-2026Annual accounts filed
  3. 30-06-2025Weakest financial year
Go to Timeline

Company details

Sites
3
Legal form
Private limited company (pre-2019)
Activity
Manufacture of food productsNACE 10830
Founded
25-02-1992
Year ends
30-06
Peppol
Reachable for e-invoices
Go to Company details

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