Summary
Conclusion
the dossier summarised in one paragraphThe computed 12-month bankruptcy probability of Alfatrans is 2.9% (moderate). The 2024 annual accounts show equity of €1k and a net result of €-14k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 14% of 105 sector peers (fiscal year 2024). The company has been active since 2012 and the Belgian State Gazette contains no insolvency or warning signals.
Based on the State Gazette, CBE and 7 annual accounts.
Bankruptcy probability (12 mo)
Checked model v1 · free for everyone2.9%
Moderate
0%0,5%1,5%4%10%≥25%
Higher-failure-rate region
+Higher-failure-rate sector
+Multiple establishment units
+
Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?
Signals
1 signal · with evidenceWeak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 14% of 105 sector peers (2024).
View the sector comparison Signals are derived from the filed annual accounts and the sector comparison. No composite score: each signal is separately verifiable at the source.
Filing behaviour
From the deposit records, complete market-wideDeadline passed, not yet counted as missing
The deadline for the year that closed on 31-12-2025 passed on 31-07-2026, 25 days ago. Our copy of the deposit register trails the National Bank (measured: median 14 days, p99 45 days), so we only call this filing missing from 45 days past the deadline.
Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 14-10-2025, 75 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.
How we compute the deadline
The year end is derived from 10 filed financial years, each closing on 31-12. The statutory deadline is seven months after the close of the financial year (art. 3:10 par. 1 CAC, art. 3:47 par. 7 for ASBL and foundations). Applied to the financial year that closed on 31-12-2024, that is 31-07-2025.
Deadline per financial year
| Year closed | Due by | Filed | Variance | Reference |
|---|---|---|---|---|
| 31-12-2025 | 31-07-2026 | nothing on record | not filed | - |
| 31-12-2024 | 31-07-2025 | 14-10-2025 | 75 d late | 2025-00543512 |
| 31-12-2023 | 31-07-2024 | 04-05-2026 | 642 d late | 2026-00099818 |
| 31-12-2022 | 31-07-2023 | 10-08-2023 | 10 d late | 2023-00322959 |
| 31-12-2021 | 31-07-2022 | 30-08-2022 | 30 d late | 2022-20345367 |
| 31-12-2020 | 31-07-2021 | 30-08-2021 | 30 d late | 2021-59700588 |
| 31-12-2019 | 31-07-2020 | 01-08-2020 | 1 d late | 2020-39000377 |
| 31-12-2018 | 31-07-2019 | 29-07-2019 | 2 d early | 2019-40900550 |
| 31-12-2017 | 31-07-2018 | 08-07-2018 | 23 d early | 2018-30800590 |
| 31-12-2016 | 31-07-2017 | 03-07-2017 | 28 d early | 2017-26900302 |
| 31-12-2015 | 31-07-2016 | 22-06-2016 | 39 d early | 2016-20700222 |
Source: the National Bank's deposit records. Those records are complete, including for years whose figures we have not read yet. Filing late covers nearly half the market and is therefore not scored; only not filing, being more than 90 days late and breaking a punctual record carry weight.
Trust signals
2 signalsEstablished
Founded in 2012, 14 years in business.
No legal incidents
No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.
Administrative Flags
No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
Financials
Turnover€697k+181.0%
EBIT margin1.4%+3.9pp
Net result€-14k
Working capital€-20k-122.0%
Annual accounts & ratios
Source: NBB · 2024Annual accounts filed on 14-10-2025 with the NBB · fiscal year 2024 · volledig
Trajectory (indicative)
Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.
volatile
Too volatile to project: the yearly deviation from the trend is ~90% of the level (threshold 35%). We therefore deliberately show no projection line.
How do we compute this?
The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.
The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.
A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).
Sector comparison
Fiscal year 2024 · NACE 52 · compared within the same schema type (full schema)
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 0.3% | 27.0% | |
| Net result | €-14k | €35k | |
| Equity | €1k | €440k | |
| Gross operating margin | €41k | €226k | |
| Staff costs | €45k | €705k |
Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.
Sector position over time
Percentile per fiscal year versus peers that filed figures, computed year by year (a year without enough peers is absent).
P14
Stable position over 2020-2024
· n=54-105
P25
Stable position over 2020-2024
· n=54-105
P12
Stable position over 2020-2024
· n=54-105
P27
Stable position over 2021-2024
· n=34-56
Describes the position versus peers, not a forecast.
€697k
+181.0%
18-24
€-14k
-
18-24
€-14k
-
18-24
€-14k
-
18-24
€466k
+29.8%
18-24
€1k
-90.7%
18-24
€-20k
-122.0%
18-24
0
-100.0%
18-24
Show 13 other metrics
€45k
+88.5%
18-24
€140
-15.1%
18-24
€464k
+35.2%
18-24
€464k
+35.2%
18-24
0.96
-1.7%
18-24
0.09
-0.4%
18-24
0.3%
-92.9%
18-24
326.68
+1358.9%
18-24
-979.4%
-
18-24
-3.0%
-
18-24
1.4%
-
18-24
1.6%
-
18-24
4599.10
+1967.8%
18-24
Figures by fiscal year
| Fiscal year | 2024 |
|---|---|
| Deposit | volledig |
| Revenue | - |
| EBITDA | €-14k |
| Net profit | €-14k |
| Cash flow | €-14k |
| Staff costs | €45k |
| Income taxes | €140 |
| Dividends | - |
| Total assets | €466k |
| Equity | €1k |
| Debt | €464k |
| of which ≤ 1y | €464k |
| of which > 1y | - |
| Working capital | €-20k |
| Employees (FTE) | 0.0 |
Ratios (computed)
| 2024 | |
|---|---|
| Current ratio | 0.96 |
| Quick ratio | 0.09 |
| Working capital ratio | -4.3% |
| Solvency | 0.3% |
| Debt / equity | 326.68 |
| Long-term debt ratio | - |
| Interest coverage | - |
| Gross margin | - |
| Net margin | - |
| ROA | -3.0% |
| ROE | -979.4% |
| EBITDA margin | - |
| Days sales outstanding | - |
| Days payable outstanding | - |
| Inventory turnover | - |
| Days inventory (DSI) | - |
Balance-sheet composition 2024
Full annual accounts (22 line items)
Filed balance sheet and income statement, exactly as deposited with the NBB.
| Line item | Code | 2024 |
|---|---|---|
| Balance sheet, Assets | ||
| TOTAL ASSETS | 20/58 | €466k |
| Fixed assets | 21/28 | €21k |
| Financial fixed assets | 28 | €21k |
| Current assets | 29/58 | €444k |
| Stocks & contracts in progress | 3 | €401k |
| Amounts receivable within one year | 40/41 | €33k |
| Cash & bank | 54/58 | €10k |
| Balance sheet, Equity & liabilities | ||
| TOTAL EQUITY & LIABILITIES | 10/49 | €466k |
| Equity | 10/15 | €1k |
| Contributions / capital | 10/11 | €19k |
| Reserves | 13 | €1k |
| Accumulated profits (losses) | 14 | €-19k |
| Amounts payable | 17/49 | €464k |
| Amounts payable within one year | 42/48 | €464k |
| Trade debts payable within one year | 44 | €61k |
| Income statement | ||
| Gross operating margin | 9900 | €41k |
| Operating result | 9901 | €-14k |
| Financial income | 75 | €7 |
| Result before taxes | 9903 | €-14k |
| Income taxes | 67/77 | €140 |
| Net result for the period | 9904 | €-14k |
| Result to be appropriated | 9905 | €-14k |
This table shows the latest fiscal year. 4 prior years, with figures and ratios, belong to a paid plan.
See plans →
Ratios computed by Checked.
Health barometer
FY 2024 · computed12
/ 100
Critical
Computed from 4 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.
The full score breakdown, per-year score history and the indicative credit limit are in Kantoor S.
See plans →Computed by Checked from the NBB filing for FY 2024. Indicative, not credit advice.
Directors
Directors & mandates
1 directorCurrent directors & mandates
-
Badr SobhiDirectorState Gazette act 25074198 (13-06-2025)Current05-05-2025 → present
Full appointment history from the Belgian State Gazette. Permanent representatives are shown for corporate directors.This list is read straight from this company's published acts, not from the officer register.
Insolvency mandates
No insolvency mandates (liquidators, administrators) on record for this company.
Legal Structure
| NACE primary | Logistieke diensten(52250) |
| Legal form | Private limited company(610) |
| Incorporation | 21-06-2012 |
| Status | Active |
| Postal code | 1080 |
Structure & network
Locations & real estate
Registered office
from the Crossroads BankCannot 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.
Mariemontkaai 291080 Sint-Jans-MolenbeekEstablishment units
2 locationsMariemontkaai 31, 1080 Sint-Jans-Molenbeek
since 20122.212.052.039
Alfa Trans
since 20222.339.705.029
Physical sites registered in the Crossroads Bank for Enterprises (CBE).
Parcels3
Ground area5,397 m²
Buildings3
Building footprint3,061 m²
Volume (LiDAR)16,114 m³
Tallest building15.2 m · ±3 fl.
Real-estate footprint
Source: CBE × cadastre · address linkingParcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.
Flanders
1
(33.3%)
Brussels
2
(66.7%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23077A0125/00F002 | Flanders | 3,675 m² | 1 · 2,068 m² | 15.2 m · 2 fl. |
| 21523B0939/00K095 | Brussels | 1,291 m² | 1 · 569 m² | 10.7 m · 3 fl. |
| 21523B0939/00C107 | Brussels | 431 m² | 1 · 423 m² | 13.5 m · 1 fl. |
Methodology
via registered seat: 1 · via establishment units: 2
3 of 3 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Publications
Lifecycle & Insolvency Signals
No insolvency signals in the Belgian State Gazette
Belgisch Staatsblad · acts
1 acts All acts · 1
updated 1 year ago
2025
13-06-2025 Badr Sobhi appointed as director
- Badr Sobhi, Bestuurder
Analysis
Financial profile
5 of 5 axes measured38
/ 100
Fragile profile, watch profitability in particular.
All 5 axes are computed from data Checked has read.
Health
12
Profitability
0
Solvency
10
Growth
68
Stability
100
Credit advice
verdict per customer and amountSimilar
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We hold annual accounts for 401 of the 3,188 companies in this sector. 85 of them are within a factor 10 of this company's equity.
Company registry
Company registry (CBE)
Crossroads BankActivities
Detailhandel in auto's en lichte bestelwagens (<= 3,5 ton)47811Logistieke diensten52250Overige vervoerondersteunende activiteiten52290Goederenvervoer over binnenwateren50400Goederenvervoer door de lucht51210Diensten in verband met vervoer te land52210Overige vrachtbehandeling, exclusief in zeehavens52249Overige posterijen en koeriers53200
Primary activity highlighted.
Names & trade names
| Legal nameNL | Alfatrans |
Registered office
Mariemontkaai 29
1080 Sint-Jans-Molenbeek, Belgium
Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.