ALFACO
ActiveALFACO has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €95k and a net result of €15k. Equity is growing by ~36.9% per year across the filed fiscal years. Its solvency ranks better than 31% of 9099 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability80▼-20
Solvency8▲+1
Growth78=
Stability100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €4k at 30 days only on tighter terms
Liquidity short (current ratio 0.3 against 0.5 in 2024), and 87.4% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six 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 68
Relative position
BE, all sectors
reference
Sector 68
lower
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
12.6%
Return on assets
2%
Age of the figures
15 mo
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 08-01-2026, 23 days ahead of the deadline.
NBB · 7 filingsDeviation from the deadline
2025
23 d early
2024
64 d early
2023
48 d early
2022
5 d early
2021
3 d early
2020
45 d early
2019
24 d early
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
30-06-2026 close16-09-2026 today31-01-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€95k▲ 19.0%
2024 · €80k
2019: €-32k
2020: €13k
2021: €15k
2022: €50k
2023: €64k
2024: €80k
2019 → 2025
Total assets
€755k▼ 7.9%
2024 · €820k
2019: €912k
2020: €856k
2021: €910k
2022: €927k
2023: €893k
2024: €820k
2019 → 2025
Net result
€15k▼ 6.7%
2024 · €16k
2019: €-51k
2020: €46k
2021: €1k
2022: €36k
2023: €13k
2024: €16k
2019 → 2025
Working capital
€-184k▼ 56.0%
2024 · €-118k
2019: €24
2020: €-13k
2021: €50k
2022: €85k
2023: €-53k
2024: €-118k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€15k-€50k▲ 247%€64k▲ 26.3%€80k▲ 25.5%€95k▲ 19.0%
Operating result€27k-€71k▲ 161%€24k▼ 66.5%€30k▲ 26.4%€28k▼ 7.3%
Net result€1k-€36k▲ 2,738%€13k▼ 63.0%€16k▲ 22.3%€15k▼ 6.7%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 7% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €755k
Fixed assets
€677k▼ 3.3%
Current assets
€78k▼ 34.8%
Equity and liabilities €755k
Equity
€95k▲ 19.0%
Debt
€660k▼ 10.8%
The debt ratio falls from 90.2% to 87.4%: equity grows while debt is paid down.
Key figures and ratios
EBITDA
€51k▼
2024 · €54k
Cash flow
€39k▼
2024 · €40k
Solvency
12.6%▲
2024 · 9.8%
Current ratio
0.30▼
2024 · 0.50
Quick ratio
0.30▼
2024 · 0.50
Debt / equity
6.94▼
2024 · 9.25
ROE
15.9%▼
2024 · 20.3%
ROA
2.0%▲
2024 · 2.0%
Interest coverage
9.96▼
2024 · 10.50
Debt
€660k▼
2024 · €740k
Debt ≤ 1 year
€262k▲
2024 · €237k
Debt > 1 year
€397k▼
2024 · €502k
Income taxes
€8k▼
2024 · €9k
Staff costs
€139k▲
2024 · €133k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€820k€755k▼
Fixed assets21/28€701k€677k▼
Tangible fixed assets22/27€701k€677k▼
Land and buildings22€701k€677k▼
Current assets29/58€119k€78k▼
Amounts receivable within one year40/41€5k€18k▲
Trade receivables40€5k€15k▲
Other amounts receivable41-€2k
Cash at bank and in hand54/58€114k€59k▼
Deferred charges and accrued income490/1€397€421▲
Equity and liabilities
Total equity and liabilities10/49€820k€755k▼
Equity10/15€80k€95k▲
Contributions10/11€19k€19k=
Reserves13€16k€31k▲
Distributable reserves133€16k€31k▲
Profit (loss) carried forward14€45k€45k=
Amounts payable17/49€740k€660k▼
Amounts payable after more than one year17€502k€397k▼
Financial debts170/4€132k€107k▼
Other amounts payable178/9€370k€290k▼
Amounts payable within one year42/48€237k€262k▲
Current portion of amounts payable after more than one year42€25k€25k▲
Trade debts44€1k€19k▲
Suppliers440/4€1k€19k▲
Taxes, remuneration and social security45€34k€20k▼
Taxes450/3€16k€2k▼
Remuneration and social security454/9€17k€17k▲
Other amounts payable47/48€178k€198k▲
Accrued charges and deferred income492/3€480€499▲
Income statement
Code20242025
Remuneration, social security and pensions62€133k€139k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€23k€23k=
Other operating charges640/8€16k€19k▲
Gross operating margin9900€203k€210k▲
Operating profit (loss)9901€30k€28k▼
Financial income75/76B-€1
Recurring financial income75-€1
Financial charges65/66B€5k€5k▲
Recurring financial charges65€5k€5k▲
Profit (loss) for the period before taxes9903€25k€23k▼
Income taxes67/77€9k€8k▼
Profit (loss) for the period9904€16k€15k▼
Profit (loss) for the period to be appropriated9905€16k€15k▼
Appropriation of the result
Profit (loss) to be appropriated9906€61k€60k▼
Profit (loss) brought forward from the previous period14P€45k€45k=
Transfer to equity691/2€16k€15k▼
To other reserves6921€16k€15k▼
Social balance
Average headcount (FTE)90871.01.0=
The notes to these accounts (14 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
08-01
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2024
28-11
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2023
14-12
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
26-01
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
28-01
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2020
17-12
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
30-06
Financial
Back to profitnet €46k
Net result €46k after one loss-making year.
07-01
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Ronse · 1 establishment unit since 2018
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Opgeëistenstraat 609600 RonseGround area
4,989 m²
Building footprint
4,439 m²
Volume, LiDAR
33,331 m³
Parcel 45041A0001/00K044, Flanders · tallest building 21.4 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
ALFACO
since 20182.274.727.994
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 45041A0001/00K044 | Flanders | 4,989 m² | 1 · 4,439 m² | 21.4 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
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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Montamigo
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Of 7,287 companies in sector 68110 we hold annual accounts for 5,352. 3,653 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded15-02-2018
Fiscal year end30-06
Activities, NACEBEL
68110Buying and selling of own real estate
70200Business and other management consultancy
70220Business consulting
64200Holdings
64210Activities of holding companies
Sources
Crossroads Bank for EnterprisesNational Bank · 7 filingsAddress and cadastre registers
Data from official sources, last processed on 15-09-2026. Scores and ratios are computed by Checked and are not a credit decision.