ALFASHOP
ActiveSummary
ALFASHOP has been active since 1996 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€17,643) and a net result of €11,206. Equity is growing by ~17.6% per year across the filed fiscal years. Its solvency ranks better than 14% of 18973 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability96▲+12
Solvency0=
Growth78=
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.33 against 0.3 in 2024; short-term debt: 134.6% and cash: 42.9% of total assets), and equity is negative.
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Signals
Five 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 · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Retail trade (NACE 47)
about 45% more 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 2025Solvency, return and age of the figures
Solvency
-34.6%
Return on assets
22%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 14% of 18973 sector peers (2025).
NBB · sector comparisonPosition among 18973 sector peers
Solvency
better than 14%
← weakest
strongest →
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 23-07-2026, 8 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
8 d early
2024
10 d early
2023
23 d early
2022
19 d early
2021
22 d late
2020
33 d early
2019
12 d late
← 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 8 days before the deadline; the sector median for financial year 2024 is on the deadline day, and 47% 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 July (4 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
-€17,643▲ 38.8%
2024 · -€28,849
Total assets
€51,050▼ 10.4%
2024 · €56,989
Net result
€11,206▲ 58.8%
2024 · €7,058
Working capital
-€46,215▲ 22.9%
2024 · -€59,964
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 47, Retail 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€13,399▲ 12.8%-€438-€8,001▼ 1,725%€7,439€11,272▲ 51.5%
Net result€13,325within the sector's middle half▲ 12.7%-€502within the sector's middle half-€8,178below the sector's middle half▼ 1,528%€7,058within the sector's middle half€11,206within the sector's middle half▲ 58.8%
Equity-€27,226below the sector's middle half▲ 32.9%-€27,728below the sector's middle half▼ 1.8%-€35,906below the sector's middle half▼ 29.5%-€28,849below the sector's middle half▲ 19.7%-€17,643below the sector's middle half▲ 38.8%
Total assets€62,489within the sector's middle half▲ 32.5%€60,522within the sector's middle half▼ 3.1%€51,689below the sector's middle half▼ 14.6%€56,989below the sector's middle half▲ 10.3%€51,050below the sector's middle half▼ 10.4%
Debt€89,715▲ 2.3%€88,250▼ 1.6%€87,595▼ 0.7%€85,838▼ 2.0%€68,694▼ 20.0%
Working capital-€40,152below the sector's middle half▲ 26.7%-€46,645below the sector's middle half▼ 16.2%-€67,954below the sector's middle half▼ 45.7%-€59,964below the sector's middle half▲ 11.8%-€46,215below the sector's middle half▲ 22.9%
Solvency-43.6%below the sector's middle half▲ 42.4pp-45.8%below the sector's middle half▼ 2.2pp-69.5%below the sector's middle half▼ 23.7pp-50.6%below the sector's middle half▲ 18.8pp-34.6%below the sector's middle half▲ 16.1pp
Current ratio0.54below the sector's middle half▲ 0.180.47below the sector's middle half▼ 0.070.22below the sector's middle half▼ 0.250.30below the sector's middle half▲ 0.080.33below the sector's middle half▲ 0.03
Return on assets (ROA)21.3%above the sector's middle half▼ 3.8pp-0.8%within the sector's middle half▼ 22.2pp-15.8%below the sector's middle half▼ 15.0pp12.4%above the sector's middle half▲ 28.2pp22.0%above the sector's middle half▲ 9.6pp
above
within
below
the middle half (P25 to P75) of NACE 47, Retail 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
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 52% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €51,050
Fixed assets
€28,572 ▼ 8.2%
Current assets
€22,479 ▼ 13.1%
Equity and liabilities
Equity-€17,643
Debt€68,694
Equity is negative: debt (€68,694) exceeds the balance-sheet total (€51,050).
Key figures and ratios
EBITDA
€13,815▲
2024 · €10,218
Cash flow
€13,749▲
2024 · €9,836
Interest coverage
209.48▲
2024 · 26.76
Debt ≤ 1 year
€68,694▼
2024 · €85,838
No debt to equity: equity is negative, so debt divided by equity means nothing.
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 3,795 companies that looked in July 2024 the way this one looks now, 2.7% went bankrupt within 24 months and 92% are still going.
- Micro
- 20 years or older
- negative equity
- a profit of 5% of the balance sheet or more
2.7%
went bankrupt
5.3%
stopped otherwise
92%
still going
A further 0.5% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.7% 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 3,795 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 |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €2,574 | €2,535 | €3,701 | €2,778 | €2,544 | ▼ 8.4% |
| Other operating charges640/8 | €1,942 | €2,540 | €232 | €5,081 | €2,608 | ▼ 48.7% |
| Gross operating margin9900 | €17,915 | €4,637 | -€4,068 | €15,299 | €16,423 | ▲ 7.3% |
| Operating profit (loss)9901 | €13,399 | -€438 | -€8,001 | €7,439 | €11,272 | ▲ 51.5% |
| Financial income75/76B | - | €3 | €0 | - | - | - |
| Recurring financial income75 | - | €3 | €0 | - | - | - |
| Financial charges65/66B | €73 | €67 | €177 | €382 | €66 | ▼ 82.7% |
| Recurring financial charges65 | €73 | €67 | €177 | €382 | €66 | ▼ 82.7% |
| Profit (loss) for the period before taxes9903 | €13,325 | -€502 | -€8,178 | €7,058 | €11,206 | ▲ 58.8% |
| Profit (loss) for the period9904 | €13,325 | -€502 | -€8,178 | €7,058 | €11,206 | ▲ 58.8% |
| Profit (loss) for the period to be appropriated9905 | €13,325 | -€502 | -€8,178 | €7,058 | €11,206 | ▲ 58.8% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €62,489 | €60,522 | €51,689 | €56,989 | €51,050 | ▼ 10.4% |
| Fixed assets21/28 | €14,577 | €18,917 | €32,047 | €31,116 | €28,572 | ▼ 8.2% |
| Tangible fixed assets22/27 | €14,577 | €18,917 | €32,047 | €31,116 | €28,572 | ▼ 8.2% |
| Land and buildings22 | €13,012 | €16,960 | €30,997 | €30,573 | €28,275 | ▼ 7.5% |
| Furniture and vehicles24 | €1,566 | €1,957 | €1,050 | €543 | €297 | ▼ 45.3% |
| Current assets29/58 | €47,912 | €41,605 | €19,641 | €25,874 | €22,479 | ▼ 13.1% |
| Amounts receivable within one year40/41 | €484 | €1,779 | €639 | €5,128 | €593 | ▼ 88.4% |
| Trade receivables40 | €484 | €1,779 | €593 | €593 | €593 | = |
| Other amounts receivable41 | €0 | - | €46 | €4,535 | €0 | ▼ 100% |
| Cash at bank and in hand54/58 | €47,428 | €39,826 | €19,003 | €20,746 | €21,886 | ▲ 5.5% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €62,489 | €60,522 | €51,689 | €56,989 | €51,050 | ▼ 10.4% |
| Equity10/15 | -€27,226 | -€27,728 | -€35,906 | -€28,849 | -€17,643 | ▲ 38.8% |
| Contributions10/11 | €18,592 | €18,592 | €18,592 | €18,592 | €18,592 | = |
| Reserves13 | €1,293 | €1,293 | €1,293 | €1,293 | €1,293 | = |
| Non-distributable reserves130/1 | €1,265 | €1,265 | €0 | - | - | - |
| Reserves not available under the articles1311 | €1,265 | €1,265 | €0 | - | - | - |
| Distributable reserves133 | €28 | €28 | €1,293 | €1,293 | €1,293 | = |
| Profit (loss) carried forward14 | -€47,111 | -€47,613 | -€55,791 | -€48,734 | -€37,528 | ▲ 23.0% |
| Amounts payable17/49 | €89,715 | €88,250 | €87,595 | €85,838 | €68,694 | ▼ 20.0% |
| Amounts payable within one year42/48 | €88,064 | €88,250 | €87,595 | €85,838 | €68,694 | ▼ 20.0% |
| Trade debts44 | €1,873 | €290 | €2,138 | €0 | - | - |
| Suppliers440/4 | €1,873 | €290 | €2,138 | €0 | - | - |
| Taxes, remuneration and social security45 | €42 | €684 | €0 | €184 | €18 | ▼ 90.3% |
| Taxes450/3 | €42 | €684 | €0 | €184 | €18 | ▼ 90.3% |
| Other amounts payable47/48 | €86,150 | €87,275 | €85,457 | €85,654 | €68,676 | ▼ 19.8% |
| Accrued charges and deferred income492/3 | €1,651 | €0 | - | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €13,325 | -€502 | -€8,178 | €7,058 | €11,206 | ▲ 58.8% |
| + Depreciation and write-downs630 | €2,574 | €2,535 | €3,701 | €2,778 | €2,544 | ▼ 8.4% |
| Operating cash flow (approximation) | €15,900 | €2,032 | -€4,478 | €9,836 | €13,749 | ▲ 39.8% |
| Investment in fixed assets (approximation) | - | -€6,874 | -€16,831 | -€1,847 | €0 | ▲ 100% |
| Change in cash | - | -€7,602 | -€20,823 | €1,743 | €1,140 | ▼ 34.6% |
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
23-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
21-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Back to profitnet €7,058
Net result €7,058 after 2 loss-making years.
08-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Weakest financial yearnet -€8,178
Net result drops to -€8,178, the lowest in the series; recovery starts the following year.
12-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
22-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 22 days late
2021
31-12
Financial
Highest result since 2018net €13,325 ▲12.7%
Operating result €13,399, net result €13,325, both a record.
28-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
12-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 12 days late
2019
25-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
25-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
09-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 9 days late
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, Oudenaarde · 1 establishment unit since 1996
Ground area
265 m²
Building footprint
118 m²
Volume, LiDAR
687 m³
Parcel 45035A0153/00W000, Flanders · tallest building 10.5 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
ALFASHOP
since 19962.077.985.666
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 45035A0153/00W000 | Flanders | 265 m² | 1 · 118 m² | 10.5 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.
Subsidies and aid
Flemish government
2024 · 1 entry · 2,000 EUR awarded · 2,000 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2024 | 1 | 2,000 EUR | 2,000 EUR |
Schemes
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Company details
Identification
Legal formPrivate limited company
Founded08-08-1996
Fiscal year end31-12
Activities, NACEBEL 2025
47789Other retail sale of new goods
E-invoicing
Reachable via Peppol
Peppol ID
0208:0458576408
Also
9925:BE0458576408
Registered
19-12-2025
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.