Summary
ALFIN is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €6.4m and a net result of €1.2m. Equity is shrinking by ~2.5% per year across the filed fiscal years. Its solvency ranks better than 92% of 5585 sector peers (fiscal year 2025). The company has been active since 2004 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Outside the general model
Model not applicable to financial institutions
The Checked score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here. That is why we show no financial axes either.
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Signals
Two signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025Equity per financial year
19202122232425
2019 to 2025 · latest year €6.4m
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 27-01-2026, 4 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
4 d early
2024
23 d early
2023
7 d early
2022
42 d early
2021
32 d early
2020
33 d early
2019
24 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 24 days before the deadline; the sector median for financial year 2024 is 14 days before the deadline, and 28% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today. Usually files around 8 January (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
30-06-2026 close29-09-2026 today31-01-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
Equity
€6.4m▲ 22.8%
2024 · €5.2m
Net result
€1.2m▲ 959%
2024 · €112,017
Total assets
€6.6m▲ 18.7%
2024 · €5.6m
Solvency
96.4%▲ 3.2pp
2024 · 93.2%
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 64, Financial service activities, except insurance and pension funding, 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
Line20212022202320242025
Operating result€21,247▲ 53.2%-€15,820€18,408€11,426▼ 37.9%€127,000▲ 1,012%
Net result€14,845within the sector's middle half▼ 96.1%-€5,803below the sector's middle half€23,647within the sector's middle half€112,017within the sector's middle half▲ 374%€1.2mabove the sector's middle half▲ 959%
Equity€5.2mabove the sector's middle half▼ 10.2%€5.1mabove the sector's middle half▼ 2.5%€5.1mabove the sector's middle half▲ 0.7%€5.2mabove the sector's middle half▲ 2.2%€6.4mabove the sector's middle half▲ 22.8%
Total assets€5.9mabove the sector's middle half▼ 5.8%€5.8mabove the sector's middle half▼ 2.1%€5.8mabove the sector's middle half▲ 1.0%€5.6mabove the sector's middle half▼ 3.8%€6.6mabove the sector's middle half▲ 18.7%
Debt€688,062▲ 50.3%€692,968▲ 0.7%€712,472▲ 2.8%€380,742▼ 46.6%€239,536▼ 37.1%
Working capital€344,639above the sector's middle half▼ 64.0%€231,463above the sector's middle half▼ 32.8%€277,309within the sector's middle half▲ 19.8%€352,076above the sector's middle half▲ 27.0%€1.6mabove the sector's middle half▲ 346%
Solvency88.3%above the sector's middle half▼ 4.4pp88.0%above the sector's middle half▼ 0.3pp87.7%above the sector's middle half▼ 0.2pp93.2%above the sector's middle half▲ 5.4pp96.4%above the sector's middle half▲ 3.2pp
Current ratio1.50within the sector's middle half▼ 1.591.34within the sector's middle half▼ 0.161.39within the sector's middle half▲ 0.062.02within the sector's middle half▲ 0.628.06above the sector's middle half▲ 6.04
Return on assets (ROA)0.3%below the sector's middle half▼ 5.8pp-0.1%below the sector's middle half▼ 0.4pp0.4%below the sector's middle half▲ 0.5pp2.0%within the sector's middle half▲ 1.6pp17.9%above the sector's middle half▲ 15.9pp
Staff (FTE)0within the sector's middle half0within the sector's middle half0within the sector's middle half
above
within
below
the middle half (P25 to P75) of NACE 64, Financial service activities, except insurance and pension funding, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Why a figure moved sharply
- 2021 Net result -96% on 2020. The accounts now follow the abbreviated schema, last year the micro schema.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 1,012% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €6.6m
Fixed assets
€4.8m ▼ 1.0%
Current assets
€1.8m ▲ 157%
Equity and liabilities €6.6m
Equity
€6.4m ▲ 22.8%
Debt
€239,536 ▼ 37.1%
Debt's share of the balance-sheet total falls from 6.8% to 3.6%. Equity is higher and debt is lower.
Key figures and ratios
ROE
18.5%▲
2024 · 2.1%
Debt ≤ 1 year
€222,239▼
2024 · €345,964
Debt > 1 year
€17,297▼
2024 · €27,237
Income taxes
€134,325▲
2024 · -€6,361
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €0 | - | €17,675 | €7,875 | ▼ 55.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €9,850 | €13,485 | €12,368 | €7,950 | €20,920 | ▲ 163% |
| Other operating charges640/8 | - | €1,969 | €463 | €1,647 | €1,175 | ▼ 28.7% |
| Non-recurring operating charges66A | - | €0 | - | - | - | - |
| Gross operating margin9900 | €52,135 | -€366 | €31,239 | €21,023 | €149,095 | ▲ 609% |
| Operating profit (loss)9901 | €21,247 | -€15,820 | €18,408 | €11,426 | €127,000 | ▲ 1,012% |
| Financial income75/76B | - | €11,715 | €46,653 | €94,992 | €1.2m | ▲ 1,158% |
| Recurring financial income75 | €9,977 | €11,715 | €46,653 | €94,992 | €1.2m | ▲ 1,158% |
| Financial charges65/66B | - | €483 | €409 | €763 | €1,684 | ▲ 121% |
| Recurring financial charges65 | €1,339 | €483 | €409 | €763 | €1,684 | ▲ 121% |
| Profit (loss) for the period before taxes9903 | €29,886 | -€4,589 | €64,652 | €105,655 | €1.3m | ▲ 1,150% |
| Income taxes67/77 | €15,041 | €1,214 | €41,004 | -€6,361 | €134,325 | ▲ 2,212% |
| Profit (loss) for the period9904 | €14,845 | -€5,803 | €23,647 | €112,017 | €1.2m | ▲ 959% |
| Profit (loss) for the period to be appropriated9905 | €14,845 | -€5,803 | €23,647 | €112,017 | €1.2m | ▲ 959% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €5.9m | €5.8m | €5.8m | €5.6m | €6.6m | ▲ 18.7% |
| Fixed assets21/28 | €4.8m | €4.8m | €4.8m | €4.9m | €4.8m | ▼ 1.0% |
| Tangible fixed assets22/27 | €42,119 | €32,054 | €23,582 | €88,047 | €67,127 | ▼ 23.8% |
| Plant, machinery and equipment23 | - | €99 | €2,030 | €1,582 | €1,133 | ▼ 28.4% |
| Furniture and vehicles24 | - | €9,245 | €3,744 | €73,318 | €57,506 | ▼ 21.6% |
| Other tangible fixed assets26 | - | €22,711 | €17,808 | €13,148 | €8,488 | ▼ 35.4% |
| Financial fixed assets28 | €4.8m | €4.8m | €4.8m | €4.8m | €4.8m | ▼ 0.6% |
| Current assets29/58 | €1.0m | €916,868 | €982,220 | €698,040 | €1.8m | ▲ 157% |
| Amounts receivable within one year40/41 | €17,555 | €18,162 | €60,114 | €35,401 | €1.4m | ▲ 3,909% |
| Trade receivables40 | - | €18,150 | €54,510 | €0 | €12,100 | - |
| Other amounts receivable41 | - | €12 | €5,604 | €35,401 | €1.4m | ▲ 3,874% |
| Current investments50/53 | €418,547 | €889,552 | €909,180 | €647,851 | €328,147 | ▼ 49.3% |
| Cash at bank and in hand54/58 | €590,289 | €1,117 | €5,433 | €9,345 | €36,320 | ▲ 289% |
| Deferred charges and accrued income490/1 | - | €8,038 | €7,493 | €5,443 | €7,739 | ▲ 42.2% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €5.9m | €5.8m | €5.8m | €5.6m | €6.6m | ▲ 18.7% |
| Equity10/15 | €5.2m | €5.1m | €5.1m | €5.2m | €6.4m | ▲ 22.8% |
| Contributions10/11 | - | €1.8m | €1.8m | €1.8m | €1.8m | = |
| Reserves13 | €3.4m | €3.3m | €3.3m | €3.5m | €4.6m | ▲ 34.4% |
| Non-distributable reserves130/1 | - | €176,192 | €176,192 | €176,192 | €176,192 | = |
| Reserves not available under the articles1311 | - | €176,192 | €176,192 | €176,192 | €176,192 | = |
| Distributable reserves133 | - | €3.1m | €3.2m | €3.3m | €4.5m | ▲ 36.2% |
| Profit (loss) carried forward14 | - | €0 | €0 | - | - | - |
| Amounts payable17/49 | €688,062 | €692,968 | €712,472 | €380,742 | €239,536 | ▼ 37.1% |
| Amounts payable after more than one year17 | - | - | - | €27,237 | €17,297 | ▼ 36.5% |
| Financial debts170/4 | - | - | - | €27,237 | €17,297 | ▼ 36.5% |
| Amounts payable within one year42/48 | €688,062 | €685,406 | €704,911 | €345,964 | €222,239 | ▼ 35.8% |
| Current portion of amounts payable after more than one year42 | - | - | - | €9,624 | €9,940 | ▲ 3.3% |
| Financial debts43 | - | €443 | €589 | €451 | €560 | ▲ 24.2% |
| Credit institutions430/8 | - | €443 | €589 | €451 | €560 | ▲ 24.2% |
| Trade debts44 | €4,770 | €11,562 | €55,852 | €9,879 | €671 | ▼ 93.2% |
| Suppliers440/4 | - | €11,562 | €55,852 | €9,879 | €671 | ▼ 93.2% |
| Taxes, remuneration and social security45 | - | €22,115 | €8,689 | €0 | €127,745 | - |
| Taxes450/3 | - | €20,281 | €8,689 | €0 | €127,745 | - |
| Remuneration and social security454/9 | - | €1,834 | €0 | - | - | - |
| Other amounts payable47/48 | - | €651,285 | €639,782 | €326,010 | €83,322 | ▼ 74.4% |
| Accrued charges and deferred income492/3 | - | €7,562 | €7,562 | €7,541 | €0 | ▼ 100% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €14,845 | -€5,803 | €23,647 | €112,017 | €1.2m | ▲ 959% |
| + Depreciation and write-downs630 | €9,850 | €13,485 | €12,368 | €7,950 | €20,920 | ▲ 163% |
| Operating cash flow (approximation) | €24,695 | €7,682 | €36,015 | €119,967 | €1.2m | ▲ 906% |
| Investment in fixed assets (approximation) | - | -€3,420 | -€3,896 | -€72,416 | €27,125 | ▲ 137% |
| Change in cash | - | -€589,173 | €4,316 | €3,912 | €26,975 | ▲ 590% |
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
27-01
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
30-06
Financial
Highest result since 2019net €1.2m ▲959%
Net result €1.2m, the highest in the series.
30-06
Financial
Liquidity quadruplescurrent ratio 8.06
Current ratio from 2.02 to 8.06; short-term debt falls from €345,964 to €222,239.
08-01
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
24-01
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
30-06
Financial
Back to profitnet €23,647
Net result €23,647 after one loss-making year.
2022
20-12
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
30-06
Financial
Weakest financial yearnet -€5,803
Net result drops to -€5,803, the lowest in the series; recovery starts the following year.
2021
30-12
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2020
29-12
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
07-01
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2018
31-12
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
Show earlier events
23-01
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
31-01
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2011
27-01
State Gazette act
General meeting · Director resignation
Director appointment · Mandate compensation
2010
23-02
State Gazette act
Incorporation · Founding capital
Corporate purpose · Director appointment
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 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
4 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, Antwerpen · 1 establishment unit since 2004
Ground area
1,134 m²
Building footprint
180 m²
Volume, LiDAR
1,065 m³
Parcel 11051C0166/00N010, Flanders · tallest building 10.3 m, ±2 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
ALFIN
since 20042.142.489.676
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11051C0166/00N010 | Flanders | 1,134 m² | 1 · 180 m² | 10.3 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.
Structure & network
Owners and holdings
2 owners · 3 holdingsOwners 2
- Colette Letzernatural personSourceown accounts 30-06-2025share not stated
- Jean Michel Ancionnatural personSourceown accounts 30-06-2025share not stated
Holdings 3
-
65%
-
50%
-
50%
According to the annual accounts to 30-06-2025 of ALFIN and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
The group is listed under Ownership & control below; here you explore it as a network.
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Ownership & control
1 board mandateBoard mandates of this companythis company sits on their board1
1 location
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Of 24,729 companies in sector 64210 we hold annual accounts for 19,800. 7,388 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
Founded28-09-2004
Fiscal year end30-06
Activities, NACEBEL 2025
64210Activities of holding companies
46140Agents in the wholesale of industrial machinery, ships and aircraft
68110Buying and selling of own real estate
70200Business and other management consultancy
82990Other business support services
Contact
E-mail
jm@ancion.org
Phone
0477697598
E-invoicing
Reachable via Peppol
Peppol ID
0208:0867463971
Also
9925:BE0867463971
Registered
31-08-2026
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.