Alfapay
ActiveSummary
Alfapay has been active since 2012 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €34k and a net result of €-5k. Equity remains stable across the filed fiscal years (±2% per year). Its solvency ranks better than 72% of 2832 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability7▼-67
Solvency91▼-5
Growth52=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2k at 30 days acceptable
Liquidity ample (current ratio 2.48 against 2.81 in 2023; short-term debt: 28.9% and cash: 4.6% of total assets), and 33.5% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four 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 62
Relative position
BE, all sectors
reference
Computer programming, consultancy and related activities (NACE 62)
about 64% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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 2024Solvency, return and age of the figures
Solvency
66.5%
Return on assets
-9.4%
Age of the figures
21 mo
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
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 30-09-2025, 61 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 filingsDeviation from the deadline
2025
not confirmed
2024
61 d late
2023
62 d late
2022
29 d late
2021
30 d late
2020
23 d late
2019
67 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, abbreviated schema
Equity
€34k▼ 12.4%
2023 · €38k
2018: €32klowest in 7 years
2019: €36k▲ +15.3% vs 2018
2020: €33k▼ -9.8% vs 2019
2021: €34k▲ +4.4% vs 2020
2022: €36k▲ +5.3% vs 2021
2023: €38k▲ +6.3% vs 2022highest in 7 years
2024: €34k▼ -12.4% vs 2023
2018 → 2024
Total assets
€51k▼ 6.7%
2023 · €54k
2018: €112khighest in 7 years
2019: €57k▼ -49.0% vs 2018
2020: €53k▼ -7.8% vs 2019
2021: €48k▼ -8.1% vs 2020lowest in 7 years
2022: €53k▲ +10.0% vs 2021
2023: €54k▲ +1.9% vs 2022
2024: €51k▼ -6.7% vs 2023
2018 → 2024
Net result
€-5k
2023 · €2k
2018: €13khighest in 7 years
2019: €5k▼ -63.0% vs 2018
2020: €-4k▼ -174% vs 2019
2021: €1k▲ +141% vs 2020
2022: €2k▲ +26.0% vs 2021
2023: €2k▲ +24.8% vs 2022
2024: €-5k▼ -309% vs 2023lowest in 7 years
2018 → 2024
Working capital
€22k▼ 20.2%
2023 · €27k
2018: €-30klowest in 7 years
2019: €-7k▲ +76.2% vs 2018
2020: €2k▲ +126% vs 2019
2021: €3k▲ +78.0% vs 2020
2022: €14k▲ +338% vs 2021
2023: €27k▲ +88.6% vs 2022highest in 7 years
2024: €22k▼ -20.2% vs 2023
2018 → 2024
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€33k-€34k▲ 4.4%€36k▲ 5.3%€38k▲ 6.3%€34k▼ 12.4%
2020: €33klowest in 5 years
2021: €34k▲ +4.4% vs 2020
2022: €36k▲ +5.3% vs 2021
2023: €38k▲ +6.3% vs 2022highest in 5 years
2024: €34k▼ -12.4% vs 2023
Operating result€-5k-€-2k▲ 60.9%€2k€3k▲ 39.4%€-5k
2020: €-5k
2021: €-2k▲ +60.9% vs 2020
2022: €2k▲ +209% vs 2021
2023: €3k▲ +39.4% vs 2022highest in 5 years
2024: €-5k▼ -298% vs 2023lowest in 5 years
Net result€-4k-€1k€2k▲ 26.0%€2k▲ 24.8%€-5k
2020: €-4k
2021: €1k▲ +141% vs 2020
2022: €2k▲ +26.0% vs 2021
2023: €2k▲ +24.8% vs 2022highest in 5 years
2024: €-5k▼ -309% vs 2023lowest in 5 years
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2024: a loss of €5k after €3k in 2023, the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €51k
Fixed assets
€14k ▲ 18.0%
Current assets
€36k ▼ 13.8%
Equity and liabilities €51k
Equity
€34k ▼ 12.4%
Debt
€17k ▲ 7.1%
Debt's share of the balance-sheet total rises from 29.2% to 33.5%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€-3k▼
2023 · €13k
Cash flow
€-2k▼
2023 · €13k
Current ratio
2.48▼
2023 · 2.81
Debt to equity
0.50▲
2023 · 0.41
ROE
-14.1%▼
2023 · 5.9%
ROA
-9.4%▼
2023 · 4.2%
Interest coverage
-25.18▼
2023 · 87.98
Debt ≤ 1 year
€15k▼
2023 · €15k
Income taxes
€0▼
2023 · €298
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 · 2024 against 2023 · 46 lines
Balance sheet
Code20232024
Assets
Total assets20/58€54k€51k▼
Fixed assets21/28€12k€14k▲
Intangible fixed assets21€11k€9k▼
Tangible fixed assets22/27€1k€5k▲
Plant, machinery and equipment23-€5k
Furniture and vehicles24€1k€570▼
Current assets29/58€42k€36k▼
Stocks and contracts in progress3€5k€0▼
Stocks30/36€5k€0▼
Amounts receivable within one year40/41€37k€34k▼
Trade receivables40€30k€30k▼
Other amounts receivable41€8k€4k▼
Cash at bank and in hand54/58€33€2k▲
Equity and liabilities
Total equity and liabilities10/49€54k€51k▼
Equity10/15€38k€34k▼
Contributions10/11€19k€19k=
Reserves13€20k€15k▼
Non-distributable reserves130/1-€2k
Reserves not available under the articles1311-€2k
Tax-exempt reserves132€2k-
Distributable reserves133€18k€13k▼
Amounts payable17/49€16k€17k▲
Amounts payable within one year42/48€15k€15k▼
Trade debts44€13k€11k▼
Suppliers440/4€13k€11k▼
Taxes, remuneration and social security45€298€298=
Taxes450/3€298€298=
Other amounts payable47/48€2k€3k▲
Accrued charges and deferred income492/3€850€2k▲
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€11k€3k▼
Other operating charges640/8€532€844▲
Gross operating margin9900€14k€-2k▼
Operating profit (loss)9901€3k€-5k▼
Financial income75/76B-€761
Recurring financial income75-€761
Financial charges65/66B€151€113▼
Recurring financial charges65€151€113▼
Profit (loss) for the period before taxes9903€3k€-5k▼
Income taxes67/77€298€0▼
Profit (loss) for the period9904€2k€-5k▼
Profit (loss) for the period to be appropriated9905€2k€-5k▼
Appropriation of the result
Profit (loss) to be appropriated9906€2k€-5k▼
Transfer from equity791/2-€5k
Transfer to equity691/2€2k€0▼
To other reserves6921€2k€0▼
Social balance
Average headcount (FTE)90870.00.0=
The notes to these accounts (17 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €12k | €11k | €9k | €11k | €3k | ▼ 75.7% |
| Other operating charges640/8 | - | €856 | €1k | €532 | €844 | ▲ 58.9% |
| Gross operating margin9900 | €9k | €10k | €13k | €14k | €-2k | ▼ 114% |
| Operating profit (loss)9901 | €-5k | €-2k | €2k | €3k | €-5k | ▼ 298% |
| Financial income75/76B | - | €3k | - | - | €761 | - |
| Recurring financial income75 | €1k | €3k | - | - | €761 | - |
| Financial charges65/66B | - | €94 | €131 | €151 | €113 | ▼ 25.6% |
| Recurring financial charges65 | €108 | €94 | €131 | €151 | €113 | ▼ 25.6% |
| Profit (loss) for the period before taxes9903 | €-4k | €1k | €2k | €3k | €-5k | ▼ 284% |
| Income taxes67/77 | - | - | - | €298 | €0 | ▼ 100% |
| Profit (loss) for the period9904 | €-4k | €1k | €2k | €2k | €-5k | ▼ 309% |
| Profit (loss) for the period to be appropriated9905 | €-4k | €1k | €2k | €2k | €-5k | ▼ 309% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €53k | €48k | €53k | €54k | €51k | ▼ 6.7% |
| Fixed assets21/28 | €33k | €32k | €23k | €12k | €14k | ▲ 18.0% |
| Intangible fixed assets21 | €30k | €30k | €21k | €11k | €9k | ▼ 18.2% |
| Tangible fixed assets22/27 | €3k | €2k | €2k | €1k | €5k | ▲ 367% |
| Plant, machinery and equipment23 | - | - | - | - | €5k | - |
| Furniture and vehicles24 | - | €2k | €2k | €1k | €570 | ▼ 50.0% |
| Current assets29/58 | €20k | €16k | €31k | €42k | €36k | ▼ 13.8% |
| Stocks and contracts in progress3 | - | - | - | €5k | €0 | ▼ 100% |
| Stocks30/36 | - | - | - | €5k | €0 | ▼ 100% |
| Amounts receivable within one year40/41 | €19k | €12k | €31k | €37k | €34k | ▼ 9.0% |
| Trade receivables40 | - | €12k | €25k | €30k | €30k | ▼ 0.3% |
| Other amounts receivable41 | - | €368 | €5k | €8k | €4k | ▼ 42.1% |
| Cash at bank and in hand54/58 | €218 | €4k | €63 | €33 | €2k | ▲ 6,859% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €53k | €48k | €53k | €54k | €51k | ▼ 6.7% |
| Equity10/15 | €33k | €34k | €36k | €38k | €34k | ▼ 12.4% |
| Contributions10/11 | - | €19k | €19k | €19k | €19k | = |
| Reserves13 | €14k | €16k | €18k | €20k | €15k | ▼ 23.9% |
| Non-distributable reserves130/1 | - | €2k | €2k | - | €2k | - |
| Reserves not available under the articles1311 | - | €2k | €2k | - | €2k | - |
| Tax-exempt reserves132 | - | - | - | €2k | - | - |
| Distributable reserves133 | - | €14k | €16k | €18k | €13k | ▼ 26.4% |
| Amounts payable17/49 | €20k | €14k | €17k | €16k | €17k | ▲ 7.1% |
| Amounts payable within one year42/48 | €18k | €13k | €16k | €15k | €15k | ▼ 2.2% |
| Trade debts44 | €10k | €13k | €13k | €13k | €11k | ▼ 16.5% |
| Suppliers440/4 | - | €13k | €13k | €13k | €11k | ▼ 16.5% |
| Taxes, remuneration and social security45 | - | - | €2k | €298 | €298 | = |
| Taxes450/3 | - | - | €2k | €298 | €298 | = |
| Other amounts payable47/48 | - | - | €2k | €2k | €3k | ▲ 118% |
| Accrued charges and deferred income492/3 | - | €1k | €934 | €850 | €2k | ▲ 171% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-4k | €1k | €2k | €2k | €-5k | ▼ 309% |
| + Depreciation and write-downs630 | €12k | €11k | €9k | €11k | €3k | ▼ 75.7% |
| Operating cash flow (approximation) | €9k | €12k | €11k | €13k | €-2k | ▼ 117% |
| Investment in fixed assets (approximation) | - | €-10k | €0 | €0 | €-5k | - |
| Change in cash | - | €4k | €-4k | €-29 | €2k | ▲ 7,894% |
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
2025
30-09
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 61 days late
2024
31-12
Financial
Weakest financial yearnet €-5k
Net result drops to €-5k, the lowest in the series.
01-10
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 62 days late
2023
29-08
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 29 days late
2022
30-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 30 days late
2021
31-12
Financial
Back to profitnet €1k
Net result €1k after one loss-making year.
23-08
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 23 days late
2020
06-10
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 67 days late
2019
29-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 29 days late
2018
26-09
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 57 days late
2017
25-09
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 56 days late
2016
27-10
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 88 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 6 acts read
About the unread acts
We know of 6 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
6 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 2012
Ground area
1,871 m²
Building footprint
613 m²
Volume, LiDAR
3,798 m³
Parcel 71322A0279/00F002, Flanders · tallest building 16.6 m, ±2 floors. Linked by address, not a title deed.
9
companies at this address
See who is registered here
1 establishment unit
Alfapay
since 20122.207.823.334
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71322A0279/00F002 | Flanders | 1,870 m² | 1 · 613 m² | 16.6 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.
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Of 16,879 companies in sector 62100 we hold annual accounts for 8,771. 6,469 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
Founded12-01-2012
Fiscal year end31-12
Activities, NACEBEL 2025
62100Computer programming
46500Wholesale of information and communication equipment
47400Retail sale of information and communication equipment
62200Computer consultancy and computer facilities management
Scores and ratios are computed by Checked and are not a credit decision.