ALFALU
ActiveSummary
ALFALU has been active since 1991 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €208,052 and a net result of €14,151. Equity is growing by ~2.8% per year across the filed fiscal years. Its solvency ranks better than 94% of 11693 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability77=
Solvency100=
Growth78=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €18,000 at 30 days acceptable
Liquidity ample (current ratio 16.74 against 7.93 in 2024; short-term debt: 5% and cash: 76.8% of total assets), and 5% of the assets are financed with debt.
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Signals
Six 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
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
95%
Return on assets
6.5%
Age of the figures
9 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Wholesale trade (NACE 46)
about 21% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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 01-06-2026, 60 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
60 d early
2024
34 d early
2023
33 d early
2022
52 d early
2021
40 d early
2020
37 d early
2019
36 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 42 days before the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 39% of the sector filed late.
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. Usually files around 21 June (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
01-10-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€208,052▲ 7.3%
2024 · €193,900
Total assets
€218,960▲ 1.8%
2024 · €215,001
Net result
€14,151▼ 0.8%
2024 · €14,258
Working capital
€171,672▲ 17.3%
2024 · €146,321
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 46, Wholesale trade, 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
Line20212022202320242025
Operating result€8,040▲ 83.9%€2,359▼ 70.7%€5,260▲ 123%€18,489▲ 251%€18,317▼ 0.9%
Net result€7,010within the sector's middle half▲ 14.4%€2,736within the sector's middle half▼ 61.0%€4,593within the sector's middle half▲ 67.9%€14,258within the sector's middle half▲ 210%€14,151within the sector's middle half▼ 0.8%
Equity€174,812above the sector's middle half▲ 2.6%€175,048above the sector's middle half▲ 0.1%€179,642above the sector's middle half▲ 2.6%€193,900above the sector's middle half▲ 7.9%€208,052above the sector's middle half▲ 7.3%
Total assets€190,322within the sector's middle half▲ 8.5%€196,211within the sector's middle half▲ 3.1%€185,105within the sector's middle half▼ 5.7%€215,001within the sector's middle half▲ 16.2%€218,960within the sector's middle half▲ 1.8%
Debt€15,510▲ 203%€21,162▲ 36.4%€5,463▼ 74.2%€21,101▲ 286%€10,909▼ 48.3%
Working capital€139,942above the sector's middle half▼ 17.8%€146,599above the sector's middle half▲ 4.8%€157,843above the sector's middle half▲ 7.7%€146,321above the sector's middle half▼ 7.3%€171,672above the sector's middle half▲ 17.3%
Solvency91.9%above the sector's middle half▼ 5.2pp89.2%above the sector's middle half▼ 2.6pp97.0%above the sector's middle half▲ 7.8pp90.2%above the sector's middle half▼ 6.9pp95.0%above the sector's middle half▲ 4.8pp
Current ratio10.02above the sector's middle half▼ 24.267.93above the sector's middle half▼ 2.1029.89above the sector's middle half▲ 21.977.93above the sector's middle half▼ 21.9616.74above the sector's middle half▲ 8.80
Return on assets (ROA)3.7%within the sector's middle half▲ 0.2pp1.4%within the sector's middle half▼ 2.3pp2.5%within the sector's middle half▲ 1.1pp6.6%within the sector's middle half▲ 4.2pp6.5%within the sector's middle half▼ 0.2pp
above
within
below
the middle half (P25 to P75) of NACE 46, Wholesale trade, 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 falls in 2025; 2025 is 1% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €218,960
Fixed assets
€36,379 ▼ 23.5%
Current assets
€182,581 ▲ 9.1%
Equity and liabilities €218,960
Equity
€208,052 ▲ 7.3%
Debt
€10,909 ▼ 48.3%
Debt's share of the balance-sheet total falls from 9.8% to 5.0%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€29,517▲
2024 · €23,957
Cash flow
€25,351▲
2024 · €19,726
Quick ratio
16.18▲
2024 · 7.42
Debt to equity
0.05▼
2024 · 0.11
ROE
6.8%▼
2024 · 7.4%
Interest coverage
530.68▲
2024 · 242.77
Debt ≤ 1 year
€10,909▼
2024 · €21,101
Income taxes
€6,880▼
2024 · €7,493
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 31,371 companies that looked in July 2024 the way this one looks now, 0.5% went bankrupt within 24 months and 93% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.5%
went bankrupt
5.9%
stopped otherwise
93%
still going
A further 0.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.3% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,341 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% 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 31,371 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 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | €1,240 | - | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €5,219 | €8,025 | €8,527 | €5,468 | €11,200 | ▲ 105% |
| Other operating charges640/8 | €3,257 | €822 | €853 | €1,171 | €690 | ▼ 41.1% |
| Gross operating margin9900 | €16,516 | €11,206 | €14,641 | €25,128 | €30,206 | ▲ 20.2% |
| Operating profit (loss)9901 | €8,040 | €2,359 | €5,260 | €18,489 | €18,317 | ▼ 0.9% |
| Financial income75/76B | €959 | €727 | €1,961 | €3,361 | €2,770 | ▼ 17.6% |
| Recurring financial income75 | €959 | €727 | €1,961 | €2,960 | €2,770 | ▼ 6.4% |
| Non-recurring financial income76B | - | - | - | €401 | - | - |
| Financial charges65/66B | €68 | €35 | €90 | €99 | €56 | ▼ 43.6% |
| Recurring financial charges65 | €68 | €35 | €90 | €99 | €56 | ▼ 43.6% |
| Profit (loss) for the period before taxes9903 | €8,931 | €3,051 | €7,131 | €21,752 | €21,031 | ▼ 3.3% |
| Income taxes67/77 | €1,921 | €315 | €2,538 | €7,493 | €6,880 | ▼ 8.2% |
| Profit (loss) for the period9904 | €7,010 | €2,736 | €4,593 | €14,258 | €14,151 | ▼ 0.8% |
| Profit (loss) for the period to be appropriated9905 | €7,010 | €2,736 | €4,593 | €14,258 | €14,151 | ▼ 0.8% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €190,322 | €196,211 | €185,105 | €215,001 | €218,960 | ▲ 1.8% |
| Fixed assets21/28 | €34,870 | €28,449 | €21,799 | €47,579 | €36,379 | ▼ 23.5% |
| Tangible fixed assets22/27 | €34,870 | €28,449 | €21,799 | €47,579 | €36,379 | ▼ 23.5% |
| Plant, machinery and equipment23 | - | €1,598 | €1,437 | €6,274 | €5,113 | ▼ 18.5% |
| Furniture and vehicles24 | €34,870 | €26,852 | €20,362 | €41,305 | €31,266 | ▼ 24.3% |
| Current assets29/58 | €155,452 | €167,762 | €163,306 | €167,422 | €182,581 | ▲ 9.1% |
| Stocks and contracts in progress3 | €7,335 | €8,859 | €4,309 | €10,785 | €6,027 | ▼ 44.1% |
| Stocks30/36 | €7,335 | €8,859 | €4,309 | €10,785 | €6,027 | ▼ 44.1% |
| Amounts receivable within one year40/41 | €9,976 | €3,577 | €1,008 | €12,759 | €7,169 | ▼ 43.8% |
| Trade receivables40 | €7,991 | €3,577 | €1,008 | €12,759 | €6,307 | ▼ 50.6% |
| Other amounts receivable41 | €1,985 | - | - | - | €863 | - |
| Cash at bank and in hand54/58 | €136,848 | €154,017 | €156,779 | €142,715 | €168,241 | ▲ 17.9% |
| Deferred charges and accrued income490/1 | €1,293 | €1,309 | €1,210 | €1,163 | €1,143 | ▼ 1.7% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €190,322 | €196,211 | €185,105 | €215,001 | €218,960 | ▲ 1.8% |
| Equity10/15 | €174,812 | €175,048 | €179,642 | €193,900 | €208,052 | ▲ 7.3% |
| Contributions10/11 | €61,500 | €61,500 | €61,500 | €61,500 | €61,500 | = |
| Capital10 | €61,500 | €61,500 | €61,500 | €61,500 | €61,500 | = |
| Issued capital100 | €61,500 | €61,500 | €61,500 | €61,500 | €61,500 | = |
| Reserves13 | €110,375 | €110,611 | €115,205 | €129,463 | €143,615 | ▲ 10.9% |
| Non-distributable reserves130/1 | €6,150 | €6,150 | €6,150 | €6,150 | €6,150 | = |
| Legal reserve130 | €6,150 | €6,150 | €6,150 | €6,150 | €6,150 | = |
| Distributable reserves133 | €104,225 | €104,461 | €109,055 | €123,313 | €137,465 | ▲ 11.5% |
| Profit (loss) carried forward14 | €2,937 | €2,937 | €2,937 | €2,937 | €2,937 | = |
| Amounts payable17/49 | €15,510 | €21,162 | €5,463 | €21,101 | €10,909 | ▼ 48.3% |
| Amounts payable within one year42/48 | €15,510 | €21,162 | €5,463 | €21,101 | €10,909 | ▼ 48.3% |
| Trade debts44 | €9,133 | €14,186 | €1,477 | €6,947 | €617 | ▼ 91.1% |
| Suppliers440/4 | €9,133 | €14,186 | €1,477 | €6,947 | €617 | ▼ 91.1% |
| Taxes, remuneration and social security45 | €1,921 | €1,976 | €3,726 | €13,928 | €10,291 | ▼ 26.1% |
| Taxes450/3 | €1,921 | €1,976 | €3,726 | €13,928 | €10,291 | ▼ 26.1% |
| Other amounts payable47/48 | €4,456 | €5,000 | €260 | €226 | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €7,010 | €2,736 | €4,593 | €14,258 | €14,151 | ▼ 0.8% |
| + Depreciation and write-downs630 | €5,219 | €8,025 | €8,527 | €5,468 | €11,200 | ▲ 105% |
| Operating cash flow (approximation) | €12,229 | €10,762 | €13,121 | €19,726 | €25,351 | ▲ 28.5% |
| Investment in fixed assets (approximation) | - | -€1,604 | -€1,877 | -€31,248 | €0 | ▲ 100% |
| Change in cash | - | €17,169 | €2,761 | -€14,063 | €25,526 | ▲ 282% |
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
01-06
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Liquidity doublescurrent ratio 16.74
Current ratio from 7.93 to 16.74; short-term debt falls from €21,101 to €10,909.
31-12
Financial
Equity above €200,000Eq €208,052 ▲7.3%
8 profitable years in a row build equity to €208,052.
27-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Highest result since 2018net €14,258 ▲210%
Operating result €18,489, net result €14,258, both a record.
28-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Liquidity quadruplescurrent ratio 29.89
Current ratio from 7.93 to 29.89; short-term debt falls from €21,162 to €5,463.
09-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Weakest financial yearnet €2,736 ▼61%
Net result drops to €2,736, the lowest in the series; recovery starts the following year.
21-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
24-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Liquidity doublescurrent ratio 34.28
Current ratio from 15.09 to 34.28; short-term debt falls from €11,755 to €5,117.
Show earlier events
25-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
28-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
27-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
28-07
NBB filing
Annual accounts filed
fiscal year 2016 · full 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
No directors read yet: 0 of 2 Gazette acts processed. See the function holders in the CBE →
Location & real-estate footprint
Registered office, Hannut · 1 establishment unit since 1991
Ground area
3,273 m²
Building footprint
317 m²
Volume, LiDAR
2,003 m³
2 parcels, Wallonia · tallest building 10.1 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Rue Joseph Wauters 21, 4280 Hannut
since 19912.052.800.310
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 64433A0431/00B000 | Wallonia | 2,514 m² | 1 · 223 m² | 8.2 m · 2 fl. |
| 64034B0638/00H002 | Wallonia | 759 m² | 1 · 94 m² | 10.1 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 388 companies in this sector we hold annual accounts for 278. 191 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company details
Identification
Legal formPublic limited company
Founded15-04-1991
Fiscal year end31-12
Activities, NACEBEL 2025
46630Wholesale trade
E-invoicing
Reachable via Peppol
Peppol ID
0208:0444028782
Registered
16-03-2026
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 1 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.