ALFACOR
ActiveSummary
The computed 12-month bankruptcy probability of ALFACOR is 2.1% (moderate). The 2026 annual accounts show equity of €196,443 and a net result of €85,745. Equity is growing by ~74.7% per year across the filed fiscal years. Its solvency ranks better than 52% of 110 sector peers (fiscal year 2026). The company has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2026
Axes · tick = 2025
Profitability100=
Solvency83▼-10
Growth78=
Track record94
Bankruptcy probability, 12 months
2.1%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €15,000 at 30 days acceptable
Liquidity ample (current ratio 11.53 against 4.46 in 2025; short-term debt: 7.4% and cash: 78% of total assets), and 41.6% of the assets are financed with debt.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 41
Relative position
BE, all sectors
reference
Construction of residential and non-residential buildings (NACE 41)
about 67% more bankruptcies
← 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 2026Solvency, return and age of the figures
Solvency
58.4%
Return on assets
25.5%
Age of the figures
3 mo
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2026 was due by 31-01-2027 and was filed on 29-08-2026, 155 days ahead of the deadline.
NBB · 4 filingsDeviation from the deadline
2026
155 d early
2025
89 d early
2024
93 d early
2023
75 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 4 accounts on average 103 days before the deadline; the sector median for financial year 2024 is on the deadline day, and 46% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-06-2027 and is due by 31-01-2028. Nothing is late today. Usually files around 1 November (3 of the last 4 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
28-09-2026 today30-06-2027 close31-01-2028 deadline
History
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Financials · fiscal year 2026, micro schema
Equity
€196,443▲ 62.8%
2025 · €120,698
Total assets
€336,330▲ 90.2%
2025 · €176,791
Net result
€85,745▲ 22.0%
2025 · €70,279
Working capital
€260,777▲ 144%
2025 · €106,799
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 41, Construction of residential and non-residential buildings, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line2023202420252026
Operating result€23,402-€46,647▲ 99.3%€98,968▲ 112%€116,270▲ 17.5%
Net result€16,903within the sector's middle half-€32,648above the sector's middle half▲ 93.1%€70,279above the sector's middle half▲ 115%€85,745▲ 22.0%
Equity€19,403within the sector's middle half-€51,252within the sector's middle half▲ 164%€120,698above the sector's middle half▲ 136%€196,443▲ 62.8%
Total assets€30,291below the sector's middle half-€115,842within the sector's middle half▲ 282%€176,791within the sector's middle half▲ 52.6%€336,330▲ 90.2%
Debt€10,888-€64,590▲ 493%€56,093▼ 13.2%€139,886▲ 149%
Working capital€9,773within the sector's middle half-€35,194within the sector's middle half▲ 260%€106,799above the sector's middle half▲ 203%€260,777▲ 144%
Solvency64.1%within the sector's middle half-44.2%within the sector's middle half▼ 19.8pp68.3%above the sector's middle half▲ 24.0pp58.4%▼ 9.9pp
Current ratio1.90within the sector's middle half-2.19within the sector's middle half▲ 0.294.46above the sector's middle half▲ 2.2811.53▲ 7.07
Return on assets (ROA)55.8%above the sector's middle half-28.2%above the sector's middle half▼ 27.6pp39.8%above the sector's middle half▲ 11.6pp25.5%▼ 14.3pp
above
within
below
the middle half (P25 to P75) of NACE 41, Construction of residential and non-residential buildings, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has risen three years in a row; 2026 is 17% above 2025 and is the highest result in the available series.
Balance-sheet composition
2026 in colour, 2025 as the grey bar beneath
Assets €336,330
Fixed assets
€50,787 ▲ 29.8%
Current assets
€285,543 ▲ 107%
Equity and liabilities €336,330
Equity
€196,443 ▲ 62.8%
Debt
€139,886 ▲ 149%
Debt's share of the balance-sheet total rises from 31.7% to 41.6%. Equity and debt are higher.
Key figures and ratios
EBITDA
€128,338▲
2025 · €110,807
Cash flow
€97,814▲
2025 · €82,119
Debt to equity
0.71▲
2025 · 0.46
ROE
43.6%▼
2025 · 58.2%
Interest coverage
88.09▲
2025 · 59.51
Debt ≤ 1 year
€24,765▼
2025 · €30,854
Debt > 1 year
€115,121▲
2025 · €25,239
Income taxes
€29,861▲
2025 · €26,827
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 39,276 companies that looked in July 2024 the way this one looks now, 1.6% went bankrupt within 24 months and 96% are still going.
- Micro
- 2 to 5 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
1.6%
went bankrupt
2.2%
stopped otherwise
96%
still going
A further 0.5% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a higher bankruptcy probability: 2.1% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 39,276 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €2,170 | €8,154 | €11,839 | €12,068 | ▲ 1.9% |
| Other operating charges640/8 | €391 | €872 | €101 | €103 | ▲ 2.0% |
| Gross operating margin9900 | €25,963 | €55,674 | €110,908 | €128,441 | ▲ 15.8% |
| Operating profit (loss)9901 | €23,402 | €46,647 | €98,968 | €116,270 | ▲ 17.5% |
| Financial income75/76B | - | - | €0 | €794 | ▲ 7,940,200% |
| Recurring financial income75 | - | - | €0 | €794 | ▲ 7,940,200% |
| Financial charges65/66B | €8 | €1,268 | €1,862 | €1,457 | ▼ 21.8% |
| Recurring financial charges65 | €8 | €1,268 | €1,862 | €1,457 | ▼ 21.8% |
| Profit (loss) for the period before taxes9903 | €23,394 | €45,378 | €97,106 | €115,607 | ▲ 19.1% |
| Income taxes67/77 | €6,490 | €12,730 | €26,827 | €29,861 | ▲ 11.3% |
| Profit (loss) for the period9904 | €16,903 | €32,648 | €70,279 | €85,745 | ▲ 22.0% |
| Profit (loss) for the period to be appropriated9905 | €16,903 | €32,648 | €70,279 | €85,745 | ▲ 22.0% |
| Line | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €30,291 | €115,842 | €176,791 | €336,330 | ▲ 90.2% |
| Fixed assets21/28 | €9,631 | €50,977 | €39,138 | €50,787 | ▲ 29.8% |
| Tangible fixed assets22/27 | €9,331 | €50,977 | €39,138 | €50,787 | ▲ 29.8% |
| Land and buildings22 | - | - | - | €22,000 | - |
| Furniture and vehicles24 | €9,331 | €50,977 | €39,138 | €28,787 | ▼ 26.4% |
| Financial fixed assets28 | €300 | - | - | - | - |
| Current assets29/58 | €20,661 | €64,865 | €137,654 | €285,543 | ▲ 107% |
| Amounts receivable within one year40/41 | €13,295 | €10,279 | €19,824 | €23,050 | ▲ 16.3% |
| Trade receivables40 | €13,286 | €10,279 | €19,706 | €23,050 | ▲ 17.0% |
| Other amounts receivable41 | €10 | - | €118 | - | - |
| Cash at bank and in hand54/58 | €7,365 | €54,586 | €117,440 | €262,492 | ▲ 124% |
| Deferred charges and accrued income490/1 | - | - | €390 | - | - |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €30,291 | €115,842 | €176,791 | €336,330 | ▲ 90.2% |
| Equity10/15 | €19,403 | €51,252 | €120,698 | €196,443 | ▲ 62.8% |
| Contributions10/11 | €2,500 | €2,500 | €2,500 | €2,500 | = |
| Reserves13 | - | €31,848 | €101,295 | €101,295 | = |
| Distributable reserves133 | - | €31,848 | €101,295 | €101,295 | = |
| Profit (loss) carried forward14 | €16,903 | €16,903 | €16,903 | €92,649 | ▲ 448% |
| Amounts payable17/49 | €10,888 | €64,590 | €56,093 | €139,886 | ▲ 149% |
| Amounts payable after more than one year17 | - | €34,919 | €25,239 | €115,121 | ▲ 356% |
| Financial debts170/4 | - | €34,919 | €25,239 | €115,121 | ▲ 356% |
| Amounts payable within one year42/48 | €10,888 | €29,671 | €30,854 | €24,765 | ▼ 19.7% |
| Current portion of amounts payable after more than one year42 | - | €9,261 | €9,680 | €10,118 | ▲ 4.5% |
| Trade debts44 | €403 | €525 | €447 | €596 | ▲ 33.2% |
| Suppliers440/4 | €403 | €525 | €447 | €596 | ▲ 33.2% |
| Taxes, remuneration and social security45 | €7,810 | €16,719 | €20,414 | €13,098 | ▼ 35.8% |
| Taxes450/3 | €7,810 | €16,719 | €20,414 | €13,098 | ▼ 35.8% |
| Other amounts payable47/48 | €2,675 | €3,167 | €314 | €954 | ▲ 204% |
| Line | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €16,903 | €32,648 | €70,279 | €85,745 | ▲ 22.0% |
| + Depreciation and write-downs630 | €2,170 | €8,154 | €11,839 | €12,068 | ▲ 1.9% |
| Operating cash flow (approximation) | €19,074 | €40,803 | €82,119 | €97,814 | ▲ 19.1% |
| Investment in fixed assets (approximation) | - | -€49,501 | €0 | -€23,718 | - |
| Change in cash | - | €47,221 | €62,853 | €145,052 | ▲ 131% |
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 2027, expected by
2026
29-08
NBB filing
Annual accounts filed
fiscal year 2026 · micro schema
30-06
Financial
Highest result since 2023net €85,745 ▲22%
Operating result €116,270, net result €85,745, both a record.
30-06
Financial
Liquidity triplescurrent ratio 11.53
Current ratio from 4.46 to 11.53; short-term debt falls from €30,854 to €24,765.
30-06
Financial
Equity above €150,000Eq €196,443 ▲62.8%
4 profitable years in a row build equity to €196,443.
2025
03-11
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
30-06
Financial
Liquidity doublescurrent ratio 4.46
Current ratio from 2.19 to 4.46.
30-06
Financial
Equity above €100,000Eq €120,698 ▲136%
3 profitable years in a row build equity to €120,698.
2024
30-10
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2023
17-11
NBB filing
Annual accounts filed
fiscal year 2023 · 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.
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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, Villers-la-Ville · 1 establishment unit since 2023
Ground area
1,485 m²
Building footprint
186 m²
Volume, LiDAR
1,024 m³
Parcel 25062G0426/00N002, Wallonia · tallest building 7.5 m, ±2 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
Rue de la Gare 111, 1495 Villers-la-Ville
since 20232.340.441.833
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25062G0426/00N002 | Wallonia | 1,485 m² | 1 · 186 m² | 7.5 m · 2 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
PREBEL
BE 0816.797.012
Oostende · Eq €196,445
NERC
BE 0764.886.966
Bree · Eq €196,431
BORU - BOUW
BE 0447.342.422
Beringen · Eq €196,394
BOUWWERKEN DAD
BE 0878.108.732
Westerlo · Eq €196,539
BRIELE CONSTRUCT
BE 0803.797.230
Merchtem · Eq €196,576
Of 29,785 companies in sector 41001 we hold annual accounts for 16,058. 12,155 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
Founded09-01-2023
Fiscal year end30-06
Activities, NACEBEL 2025
41001General construction of residential buildings
E-invoicing
Reachable via Peppol
Peppol ID
0208:0795884406
Also
9925:BE0795884406
Registered
03-02-2026
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.