Alfra
ActiveSummary
Alfra has been active since 1966 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €140,967 and a net result of €9,225. Equity remains stable across the filed fiscal years (±2.3% per year). Its solvency ranks better than 95% of 14284 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability77▲+4
Solvency100=
Growth78=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €11,000 at 30 days acceptable
Liquidity tight (current ratio 1.39 against 0.81 in 2024; short-term debt: 4.8% and cash: 6% of total assets), and 4.8% of the assets are financed with debt.
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Signals
Seven 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 · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Real estate activities (NACE 68)
about 43% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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
95.2%
Return on assets
6.2%
Age of the figures
9 mo
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
1819202122232425
2018 to 2025 · latest year €140,967
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 09-06-2026, 52 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
52 d early
2024
28 d early
2023
1 d early
2022
68 d early
2021
38 d early
2020
38 d early
2019
47 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 25 days before the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 36% 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 23 June (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
30-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
In the rankings
#1 oldest company in Sint-Pieters-Woluwe, Real estate sector
Turnover
€1,078
EBIT margin
62.7%
Net result
€9,225▲ 74.6%
2024 · €5,283
Working capital
€2,815
2024 · -€1,835
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 68, Real estate activities, 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
Turnover
Operating result€2,932▼ 53.6%€505▼ 82.8%€2,252▲ 346%€6,648▲ 195%€12,380▲ 86.2%
Net result€2,741within the sector's middle half▼ 55.2%€298within the sector's middle half▼ 89.1%€2,032within the sector's middle half▲ 583%€5,283within the sector's middle half▲ 160%€9,225within the sector's middle half▲ 74.6%
EBIT margin
Equity€124,129within the sector's middle half▲ 2.3%€124,427within the sector's middle half▲ 0.2%€126,459within the sector's middle half▲ 1.6%€131,742within the sector's middle half▲ 4.2%€140,967within the sector's middle half▲ 7.0%
Total assets€134,826below the sector's middle half▲ 1.8%€134,636below the sector's middle half▼ 0.1%€136,338below the sector's middle half▲ 1.3%€141,255below the sector's middle half▲ 3.6%€148,124within the sector's middle half▲ 4.9%
Debt€10,696▼ 3.1%€10,209▼ 4.6%€9,879▼ 3.2%€9,513▼ 3.7%€7,157▼ 24.8%
Working capital-€6,233within the sector's middle half▲ 32.1%-€7,858within the sector's middle half▼ 26.1%-€4,783within the sector's middle half▲ 39.1%-€1,835within the sector's middle half▲ 61.6%€2,815within the sector's middle half
Solvency92.1%above the sector's middle half▲ 0.4pp92.4%above the sector's middle half▲ 0.4pp92.8%above the sector's middle half▲ 0.3pp93.3%above the sector's middle half▲ 0.5pp95.2%above the sector's middle half▲ 1.9pp
Current ratio0.42within the sector's middle half▲ 0.250.23below the sector's middle half▼ 0.190.52within the sector's middle half▲ 0.290.81within the sector's middle half▲ 0.291.39within the sector's middle half▲ 0.59
Return on assets (ROA)2.0%within the sector's middle half▼ 2.6pp0.2%within the sector's middle half▼ 1.8pp1.5%within the sector's middle half▲ 1.3pp3.7%within the sector's middle half▲ 2.3pp6.2%within the sector's middle half▲ 2.5pp
above
within
below
the middle half (P25 to P75) of NACE 68, Real estate activities, 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 2022 the operating result has climbed three years in a row; 2025 is 86% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €148,124
Fixed assets
€138,151 ▲ 3.4%
Current assets
€9,972 ▲ 29.9%
Equity and liabilities €148,124
Equity
€140,967 ▲ 7.0%
Debt
€7,157 ▼ 24.8%
Debt's share of the balance-sheet total falls from 6.7% to 4.8%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€14,105▲
2024 · €7,729
Cash flow
€10,950▲
2024 · €6,364
Debt to equity
0.05▼
2024 · 0.07
ROE
6.5%▲
2024 · 4.0%
Interest coverage
111.94▲
2024 · 101.03
Debt ≤ 1 year
€7,157▼
2024 · €9,513
Income taxes
€3,029▲
2024 · €1,288
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 0.2% 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 497,340 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 |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,220 | €1,257 | €1,044 | €1,081 | €1,725 | ▲ 59.6% |
| Other operating charges640/8 | €1,986 | €2,026 | €2,224 | €2,301 | €2,674 | ▲ 16.2% |
| Gross operating margin9900 | €6,138 | €3,788 | €5,520 | €10,030 | €16,778 | ▲ 67.3% |
| Operating profit (loss)9901 | €2,932 | €505 | €2,252 | €6,648 | €12,380 | ▲ 86.2% |
| Financial income75/76B | - | - | - | €0 | - | - |
| Recurring financial income75 | - | - | - | €0 | - | - |
| Financial charges65/66B | €190 | €208 | €220 | €77 | €126 | ▲ 64.7% |
| Recurring financial charges65 | €190 | €208 | €220 | €77 | €126 | ▲ 64.7% |
| Profit (loss) for the period before taxes9903 | €2,741 | €298 | €2,032 | €6,572 | €12,254 | ▲ 86.5% |
| Income taxes67/77 | - | - | - | €1,288 | €3,029 | ▲ 135% |
| Profit (loss) for the period9904 | €2,741 | €298 | €2,032 | €5,283 | €9,225 | ▲ 74.6% |
| Profit (loss) for the period to be appropriated9905 | €2,741 | €298 | €2,032 | €5,283 | €9,225 | ▲ 74.6% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €134,826 | €134,636 | €136,338 | €141,255 | €148,124 | ▲ 4.9% |
| Fixed assets21/28 | €130,362 | €132,285 | €131,241 | €133,577 | €138,151 | ▲ 3.4% |
| Tangible fixed assets22/27 | €130,362 | €132,285 | €131,241 | €133,577 | €138,151 | ▲ 3.4% |
| Land and buildings22 | €126,426 | €126,426 | €126,426 | €126,426 | €126,426 | = |
| Plant, machinery and equipment23 | €2,609 | €5,214 | €4,374 | €3,534 | €8,655 | ▲ 145% |
| Furniture and vehicles24 | €1,328 | €645 | €442 | €3,616 | €3,071 | ▼ 15.1% |
| Current assets29/58 | €4,463 | €2,351 | €5,097 | €7,679 | €9,972 | ▲ 29.9% |
| Amounts receivable within one year40/41 | - | €48 | - | - | €154 | - |
| Trade receivables40 | - | €48 | - | - | €154 | - |
| Cash at bank and in hand54/58 | €3,427 | €1,156 | €3,857 | €6,805 | €8,919 | ▲ 31.1% |
| Deferred charges and accrued income490/1 | €1,037 | €1,146 | €1,240 | €874 | €899 | ▲ 2.9% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €134,826 | €134,636 | €136,338 | €141,255 | €148,124 | ▲ 4.9% |
| Equity10/15 | €124,129 | €124,427 | €126,459 | €131,742 | €140,967 | ▲ 7.0% |
| Contributions10/11 | €86,763 | €86,763 | €86,763 | €86,763 | €86,763 | = |
| Capital10 | €86,763 | €86,763 | €86,763 | €86,763 | €86,763 | = |
| Issued capital100 | €86,763 | €86,763 | €86,763 | €86,763 | €86,763 | = |
| Reserves13 | €45,975 | €45,975 | €45,975 | €45,975 | €45,975 | = |
| Non-distributable reserves130/1 | €8,676 | €8,676 | €8,676 | €8,676 | €8,676 | = |
| Legal reserve130 | €8,676 | €8,676 | €8,676 | €8,676 | €8,676 | = |
| Distributable reserves133 | €37,299 | €37,299 | €37,299 | €37,299 | €37,299 | = |
| Profit (loss) carried forward14 | -€8,608 | -€8,311 | -€6,279 | -€996 | €8,229 | ▲ 926% |
| Amounts payable17/49 | €10,696 | €10,209 | €9,879 | €9,513 | €7,157 | ▼ 24.8% |
| Amounts payable within one year42/48 | €10,696 | €10,209 | €9,879 | €9,513 | €7,157 | ▼ 24.8% |
| Trade debts44 | €145 | €48 | - | - | €48 | - |
| Suppliers440/4 | €145 | €48 | - | - | €48 | - |
| Taxes, remuneration and social security45 | - | - | - | €1,288 | €2,029 | ▲ 57.5% |
| Taxes450/3 | - | - | - | €1,288 | €2,029 | ▲ 57.5% |
| Other amounts payable47/48 | €10,551 | €10,161 | €9,879 | €8,225 | €5,080 | ▼ 38.2% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €2,741 | €298 | €2,032 | €5,283 | €9,225 | ▲ 74.6% |
| + Depreciation and write-downs630 | €1,220 | €1,257 | €1,044 | €1,081 | €1,725 | ▲ 59.6% |
| Operating cash flow (approximation) | €3,962 | €1,555 | €3,075 | €6,364 | €10,950 | ▲ 72.1% |
| Investment in fixed assets (approximation) | - | -€3,180 | €0 | -€3,416 | -€6,300 | ▼ 84.4% |
| Change in cash | - | -€2,270 | €2,700 | €2,948 | €2,115 | ▼ 28.3% |
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
09-06
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Highest result since 2018net €9,225 ▲74.6%
Operating result €12,380, net result €9,225, both a record.
03-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
30-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
24-05
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
23-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
23-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Back to profitnet €6,118
Net result €6,118 after one loss-making year.
16-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 47 days late
2019
31-12
Financial
Weakest financial yearnet -€926
Net result drops to -€926, the lowest in the series; recovery starts the following year.
19-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 19 days late
2018
16-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 16 days late
2017
08-06
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
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
No directors read yet: 0 of 6 Gazette acts processed. See the function holders in the CBE →
Location & real-estate footprint
Registered office, Sint-Pieters-Woluwe · 1 establishment unit since 1971
Ground area
295 m²
Building footprint
114 m²
Volume, LiDAR
1,110 m³
Parcel 21684B0054/00V000, Brussels · tallest building 13.2 m, ±3 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
Vrijwilligerslaan 193, 1150 Sint-Pieters-Woluwe
since 19712.001.067.636
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21684B0054/00V000 | Brussels | 295 m² | 1 · 114 m² | 13.2 m · 3 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 9,141 companies in this sector we hold annual accounts for 6,773. 4,510 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
Founded12-07-1966
Fiscal year end31-12
Activities, NACEBEL 2025
68201Renting and operating of own or leased residential real estate, excluding social housing
55900Accommodation
68110Buying and selling of own real estate
68203Renting and operating of own or leased non-residential real estate, excluding land
82990Other business support services
E-invoicing
Reachable via Peppol
Peppol ID
0208:0400367401
Registered
15-12-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 30 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.