ALFABETWETER
ActiveSummary
ALFABETWETER has been active since 2003 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €70k and a net result of €-10k. Equity is shrinking by ~8.2% per year across the filed fiscal years. Its solvency ranks better than 70% of 7058 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability5▼-51
Solvency99▲+25
Growth32=
Track record100
Bankruptcy probability, 12 months
0.5%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €4.5k at 30 days acceptable
Liquidity ample (current ratio 5.01 against 1.9 in 2024; short-term debt: 13.8% and cash: 38.9% of total assets), and 26% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Three signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
74%
Return on assets
-10.7%
Age of the figures
9 mo
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 20-07-2026, 11 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
11 d early
2024
29 d late
2023
on the day
2022
28 d late
2021
33 d early
2020
3 d early
2019
6 d late
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€70k▼ 12.6%
2024 · €80k
2018: €129khighest in 8 years
2019: €116k▼ -9.4% vs 2018
2020: €98k▼ -15.6% vs 2019
2021: €78k▼ -20.9% vs 2020
2022: €36k▼ -53.2% vs 2021lowest in 8 years
2023: €79k▲ +118% vs 2022
2024: €80k▲ +1.3% vs 2023
2025: €70k▼ -12.6% vs 2024
2018 → 2025
Total assets
€95k▼ 41.7%
2024 · €163k
2018: €134k
2019: €122k▼ -8.3% vs 2018
2020: €106k▼ -13.5% vs 2019
2021: €112k▲ +5.7% vs 2020
2022: €73k▼ -34.8% vs 2021lowest in 8 years
2023: €155k▲ +112% vs 2022
2024: €163k▲ +5.0% vs 2023highest in 8 years
2025: €95k▼ -41.7% vs 2024
2018 → 2025
Net result
€-10k
2024 · €1k
2018: €10k
2019: €-12k▼ -224% vs 2018
2020: €6k▲ +153% vs 2019
2021: €18k▲ +184% vs 2020
2022: €-41k▼ -326% vs 2021lowest in 8 years
2023: €43k▲ +204% vs 2022highest in 8 years
2024: €1k▼ -97.6% vs 2023
2025: €-10k▼ -1084% vs 2024
2018 → 2025
Working capital
€53k▼ 10.4%
2024 · €59k
2018: €106khighest in 8 years
2019: €99k▼ -7.0% vs 2018
2020: €85k▼ -13.7% vs 2019
2021: €68k▼ -20.1% vs 2020
2022: €29k▼ -57.9% vs 2021lowest in 8 years
2023: €53k▲ +85.9% vs 2022
2024: €59k▲ +10.0% vs 2023
2025: €53k▼ -10.4% vs 2024
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€78k-€36k▼ 53.2%€79k▲ 118%€80k▲ 1.3%€70k▼ 12.6%
2021: €78k
2022: €36k▼ -53.2% vs 2021lowest in 5 years
2023: €79k▲ +118% vs 2022
2024: €80k▲ +1.3% vs 2023highest in 5 years
2025: €70k▼ -12.6% vs 2024
Operating result€27k-€-40k€49k€9k▼ 81.4%€-10k
2021: €27k
2022: €-40k▼ -250% vs 2021lowest in 5 years
2023: €49k▲ +222% vs 2022highest in 5 years
2024: €9k▼ -81.4% vs 2023
2025: €-10k▼ -211% vs 2024
Net result€18k-€-41k€43k€1k▼ 97.6%€-10k
2021: €18k
2022: €-41k▼ -326% vs 2021lowest in 5 years
2023: €43k▲ +204% vs 2022highest in 5 years
2024: €1k▼ -97.6% vs 2023
2025: €-10k▼ -1084% vs 2024
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €10k after €9k in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €95k
Fixed assets
€29k ▼ 25.6%
Current assets
€66k ▼ 46.8%
Equity and liabilities €95k
Equity
€70k ▼ 12.6%
Debt
€25k ▼ 70.0%
Debt's share of the balance-sheet total falls from 50.6% to 26.0%. Equity and debt are lower.
Key figures and ratios
EBITDA
€-6▼
2024 · €19k
Cash flow
€-53▼
2024 · €11k
Current ratio
5.01▲
2024 · 1.90
Debt to equity
0.35▼
2024 · 1.03
ROE
-14.4%▼
2024 · 1.3%
ROA
-10.7%▼
2024 · 0.6%
Interest coverage
0.00▼
2024 · 4.39
Debt ≤ 1 year
€13k▼
2024 · €65k
Debt > 1 year
€12k▼
2024 · €18k
Income taxes
€-1k▼
2024 · €4k
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 · 2025 against 2024 · 48 lines
Balance sheet
Code20242025
Assets
Total assets20/58€163k€95k▼
Fixed assets21/28€39k€29k▼
Tangible fixed assets22/27€39k€29k▼
Land and buildings22€3k€2k▼
Plant, machinery and equipment23€237€6▼
Furniture and vehicles24€36k€27k▼
Current assets29/58€123k€66k▼
Amounts receivable within one year40/41€29k€26k▼
Trade receivables40€18k€14k▼
Other amounts receivable41€10k€12k▲
Current investments50/53€500€500=
Cash at bank and in hand54/58€92k€37k▼
Deferred charges and accrued income490/1€3k€3k▲
Equity and liabilities
Total equity and liabilities10/49€163k€95k▼
Equity10/15€80k€70k▼
Contributions10/11€6k€6k=
Reserves13€74k€68k▼
Distributable reserves133€74k€68k▼
Profit (loss) carried forward14-€-4k
Amounts payable17/49€82k€25k▼
Amounts payable after more than one year17€18k€12k▼
Financial debts170/4€18k€12k▼
Amounts payable within one year42/48€65k€13k▼
Current portion of amounts payable after more than one year42€6k€6k▲
Financial debts43€3k-
Credit institutions430/8€3k-
Trade debts44€8k-
Suppliers440/4€8k-
Taxes, remuneration and social security45€8k€6k▼
Taxes450/3€6k€6k▲
Remuneration and social security454/9€3k-
Other amounts payable47/48€40k€1k▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€10k€10k=
Other operating charges640/8€695€750▲
Gross operating margin9900€20k€744▼
Operating profit (loss)9901€9k€-10k▼
Financial income75/76B€58€28▼
Recurring financial income75€58€28▼
Financial charges65/66B€4k€1k▼
Recurring financial charges65€4k€1k▼
Profit (loss) for the period before taxes9903€5k€-11k▼
Income taxes67/77€4k€-1k▼
Profit (loss) for the period9904€1k€-10k▼
Profit (loss) for the period to be appropriated9905€1k€-10k▼
Appropriation of the result
Profit (loss) to be appropriated9906€1k€-10k▼
Transfer from equity791/2-€7k
Transfer to equity691/2€1k-
To other reserves6921€1k-
The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €5k | €2k | €4k | €10k | €10k | = |
| Other operating charges640/8 | €843 | €893 | €2k | €695 | €750 | ▲ 7.9% |
| Gross operating margin9900 | €32k | €-37k | €54k | €20k | €744 | ▼ 96.3% |
| Operating profit (loss)9901 | €27k | €-40k | €49k | €9k | €-10k | ▼ 211% |
| Financial income75/76B | €777 | €5 | €44 | €58 | €28 | ▼ 52.0% |
| Recurring financial income75 | €777 | €5 | €44 | €58 | €28 | ▼ 52.0% |
| Financial charges65/66B | €774 | €1k | €3k | €4k | €1k | ▼ 69.6% |
| Recurring financial charges65 | €774 | €1k | €3k | €4k | €1k | ▼ 69.6% |
| Profit (loss) for the period before taxes9903 | €27k | €-41k | €46k | €5k | €-11k | ▼ 339% |
| Income taxes67/77 | €8k | €121 | €3k | €4k | €-1k | ▼ 134% |
| Profit (loss) for the period9904 | €18k | €-41k | €43k | €1k | €-10k | ▼ 1,084% |
| Profit (loss) for the period to be appropriated9905 | €18k | €-41k | €43k | €1k | €-10k | ▼ 1,084% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €112k | €73k | €155k | €163k | €95k | ▼ 41.7% |
| Fixed assets21/28 | €10k | €8k | €50k | €39k | €29k | ▼ 25.6% |
| Tangible fixed assets22/27 | €10k | €8k | €50k | €39k | €29k | ▼ 25.6% |
| Land and buildings22 | €7k | €5k | €4k | €3k | €2k | ▼ 26.7% |
| Plant, machinery and equipment23 | €931 | €700 | €468 | €237 | €6 | ▼ 97.5% |
| Furniture and vehicles24 | €2k | €2k | €45k | €36k | €27k | ▼ 25.0% |
| Current assets29/58 | €102k | €65k | €105k | €123k | €66k | ▼ 46.8% |
| Amounts receivable within one year40/41 | €5k | - | €21k | €29k | €26k | ▼ 10.9% |
| Trade receivables40 | - | - | €18k | €18k | €14k | ▼ 23.8% |
| Other amounts receivable41 | €5k | - | €3k | €10k | €12k | ▲ 12.2% |
| Current investments50/53 | €500 | €500 | €500 | €500 | €500 | = |
| Cash at bank and in hand54/58 | €94k | €64k | €83k | €92k | €37k | ▼ 59.7% |
| Deferred charges and accrued income490/1 | €3k | €1k | €1k | €3k | €3k | ▲ 2.1% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €112k | €73k | €155k | €163k | €95k | ▼ 41.7% |
| Equity10/15 | €78k | €36k | €79k | €80k | €70k | ▼ 12.6% |
| Contributions10/11 | €6k | €6k | €6k | €6k | €6k | = |
| Reserves13 | €72k | €72k | €73k | €74k | €68k | ▼ 8.9% |
| Non-distributable reserves130/1 | €2k | €2k | - | - | - | - |
| Reserves not available under the articles1311 | €2k | €2k | - | - | - | - |
| Distributable reserves133 | €70k | €70k | €73k | €74k | €68k | ▼ 8.9% |
| Profit (loss) carried forward14 | - | €-41k | - | - | €-4k | - |
| Amounts payable17/49 | €34k | €37k | €76k | €82k | €25k | ▼ 70.0% |
| Amounts payable after more than one year17 | - | - | €23k | €18k | €12k | ▼ 34.2% |
| Financial debts170/4 | - | - | €23k | €18k | €12k | ▼ 34.2% |
| Amounts payable within one year42/48 | €34k | €37k | €52k | €65k | €13k | ▼ 79.8% |
| Current portion of amounts payable after more than one year42 | - | - | €6k | €6k | €6k | ▲ 3.6% |
| Financial debts43 | - | - | - | €3k | - | - |
| Credit institutions430/8 | - | - | - | €3k | - | - |
| Trade debts44 | €802 | €1k | €5k | €8k | - | - |
| Suppliers440/4 | €802 | €1k | €5k | €8k | - | - |
| Taxes, remuneration and social security45 | €4k | €3k | €4k | €8k | €6k | ▼ 28.2% |
| Taxes450/3 | €4k | €3k | €4k | €6k | €6k | ▲ 4.5% |
| Remuneration and social security454/9 | - | - | - | €3k | - | - |
| Other amounts payable47/48 | €30k | €32k | €38k | €40k | €1k | ▼ 96.9% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €18k | €-41k | €43k | €1k | €-10k | ▼ 1,084% |
| + Depreciation and write-downs630 | €5k | €2k | €4k | €10k | €10k | = |
| Operating cash flow (approximation) | €23k | €-39k | €47k | €11k | €-53 | ▼ 100% |
| Investment in fixed assets (approximation) | - | €0 | €-46k | €0 | €0 | - |
| Change in cash | - | €-30k | €19k | €9k | €-55k | ▼ 704% |
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
2026
20-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Liquidity triplescurrent ratio 5.01
Current ratio from 1.90 to 5.01; short-term debt falls from €65k to €13k.
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 29 days late
2024
31-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Back to profitnet €43k
Net result €43k after one loss-making year.
28-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 28 days late
2022
31-12
Financial
Weakest financial yearnet €-41k
Net result drops to €-41k, the lowest in the series; recovery starts the following year.
28-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
28-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Back to profitnet €6k
Net result €6k after one loss-making year.
06-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 6 days late
2019
02-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 2 days late
2018
20-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
17-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Have them read with priority
Sign in to place this company at the front of the reading queue.
Directors · office · real estate
Directors
2 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, Hasselt · 1 establishment unit since 2003
Ground area
476 m²
Building footprint
371 m²
Volume, LiDAR
5,649 m³
Parcel 71328D0050/00M000, Flanders · tallest building 18.4 m, ±5 floors. Linked by address, not a title deed.
7
companies at this address
See who is registered here
1 establishment unit
Alfabetweter
since 20032.135.123.220
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71328D0050/00M000 | Flanders | 476 m² | 1 · 371 m² | 18.4 m · 5 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
Manu & Zonen
BE 0749.853.253
Roeselare · Eq €70,126
WICO
BE 0666.410.487
Brasschaat · Eq €70,365
TEXTI
BE 0536.628.546
Quaregnon · Eq €70,098
DIGITAL KINGS
BE 0804.114.954
Gent · Eq €70,411
SESAME PROSPECTION
BE 0458.853.055
Elsene · Eq €70,058
Of 9,862 companies in sector 73110 we hold annual accounts for 3,753. 3,035 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
Founded08-10-2003
Fiscal year end31-12
Activities, NACEBEL 2025
73110Advertising agencies
Scores and ratios are computed by Checked and are not a credit decision.