Alfra
ActiveSummary
Alfra has been active since 1965 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €784,095 and a net result of €197,824. Equity remains stable across the filed fiscal years (±2.3% per year). Its solvency ranks better than 53% of 1008 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is < 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability80▲+27
Solvency61▲+6
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
< 0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €55,000 at 30 days acceptable
Liquidity ample (current ratio 1.59 against 1.48 in 2024; short-term debt: 51.9% and cash: 10.8% of total assets), but 64.1% of the assets are financed with debt.
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Six 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 69
Relative position
BE, all sectors
reference
Legal and accounting activities (NACE 69)
about 77% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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 · 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
35.9%
Return on assets
9.1%
Age of the figures
9 mo
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 02-07-2026, 29 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
29 d early
2024
2 d early
2023
8 d early
2022
66 d early
2021
29 d early
2020
45 d early
2019
28 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 22 days before the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 32% 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 2 July (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
29-09-2026 today31-12-2026 close31-07-2027 deadline
History
Go further with this company
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Financials · fiscal year 2025, full schema
In the rankings
#1 oldest company in Grâce-Hollogne, Professional and technical services sector#8 company by equity in Grâce-Hollogne, Professional and technical services sector#10 company by total assets in Grâce-Hollogne, Professional and technical services sector
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€197,824▲ 1,064%
2024 · €17,002
Working capital
€663,464▲ 12.8%
2024 · €587,984
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 69, Legal and accounting activities, 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€118,682▼ 46.9%€247,739▲ 109%€224,966▼ 9.2%€66,943▼ 70.2%€306,498▲ 358%
Net result€81,679within the sector's middle half▼ 48.1%€183,835within the sector's middle half▲ 125%€148,668within the sector's middle half▼ 19.1%€17,002below the sector's middle half▼ 88.6%€197,824within the sector's middle half▲ 1,064%
Equity€663,497above the sector's middle half▲ 0.1%€739,372above the sector's middle half▲ 11.4%€778,704above the sector's middle half▲ 5.3%€690,749above the sector's middle half▼ 11.3%€784,095above the sector's middle half▲ 13.5%
Total assets€2.0mwithin the sector's middle half▲ 12.7%€2.2mwithin the sector's middle half▲ 12.8%€2.1mwithin the sector's middle half▼ 6.2%€2.3mabove the sector's middle half▲ 8.9%€2.2mwithin the sector's middle half▼ 4.7%
Debt€1.3m▲ 20.2%€1.5m▲ 12.9%€1.3m▼ 12.1%€1.6m▲ 20.3%€1.4m▼ 13.1%
Working capital€492,100above the sector's middle half▲ 30.2%€490,068above the sector's middle half▼ 0.4%€535,666above the sector's middle half▲ 9.3%€587,984above the sector's middle half▲ 9.8%€663,464above the sector's middle half▲ 12.8%
Solvency33.4%within the sector's middle half▼ 4.2pp33.0%within the sector's middle half▼ 0.4pp37.0%within the sector's middle half▲ 4.1pp30.2%within the sector's middle half▼ 6.9pp35.9%within the sector's middle half▲ 5.7pp
Current ratio1.46within the sector's middle half▲ 0.021.36within the sector's middle half▼ 0.101.46within the sector's middle half▲ 0.101.48within the sector's middle half▲ 0.021.59within the sector's middle half▲ 0.11
Return on assets (ROA)4.1%within the sector's middle half▼ 4.8pp8.2%within the sector's middle half▲ 4.1pp7.1%within the sector's middle half▼ 1.1pp0.7%below the sector's middle half▼ 6.3pp9.1%within the sector's middle half▲ 8.3pp
Staff (FTE)7.4within the sector's middle half▲ 32.1%7.6within the sector's middle half▲ 2.7%7.4within the sector's middle half▼ 2.6%7.6within the sector's middle half▲ 2.7%7.8within the sector's middle half▲ 2.6%
above
within
below
the middle half (P25 to P75) of NACE 69, Legal and accounting activities, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 358% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €2.2m
Fixed assets
€387,119 ▼ 16.8%
Current assets
€1.8m ▼ 1.6%
Equity and liabilities €2.2m
Equity
€784,095 ▲ 13.5%
Provisions
€25,338 ▲ 38.9%
Debt
€1.4m ▼ 13.1%
Debt's share of the balance-sheet total falls from 69.0% to 62.9%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€417,577▲
2024 · €187,085
Cash flow
€308,903▲
2024 · €137,144
Quick ratio
0.99▲
2024 · 0.91
Debt to equity
1.75▼
2024 · 2.29
ROE
25.2%▲
2024 · 2.5%
Interest coverage
10.37▲
2024 · 4.05
Debt ≤ 1 year
€1.1m▼
2024 · €1.2m
Debt > 1 year
€234,258▼
2024 · €337,911
Income taxes
€71,682▲
2024 · €7,518
Staff costs
€500,860▲
2024 · €457,348
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 31,370 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 < 0.1% 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 497,338 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% | 1.9% |
| 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 31,370 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 |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €80 | - | - | - | - |
| Remuneration, social security and pensions62 | €308,322 | €371,007 | €437,180 | €457,348 | €500,860 | ▲ 9.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €162,473 | €107,337 | €104,202 | €120,142 | €111,079 | ▼ 7.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | -€212 | - | -€452 | €2,332 | -€333 | ▼ 114% |
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | - | €7,544 | €2,618 | €8,083 | €7,094 | ▼ 12.2% |
| Other operating charges640/8 | €24,542 | €23,734 | €22,064 | €19,996 | €20,943 | ▲ 4.7% |
| Non-recurring operating charges66A | - | €140 | €461 | - | €8,866 | - |
| Gross operating margin9900 | €613,807 | €757,501 | €791,039 | €674,843 | €955,007 | ▲ 41.5% |
| Operating profit (loss)9901 | €118,682 | €247,739 | €224,966 | €66,943 | €306,498 | ▲ 358% |
| Financial income75/76B | €5,993 | €17,804 | €7,830 | €3,758 | €3,284 | ▼ 12.6% |
| Recurring financial income75 | €5,993 | €17,804 | €7,830 | €3,758 | €3,284 | ▼ 12.6% |
| Financial charges65/66B | €24,567 | €25,584 | €34,227 | €46,181 | €40,275 | ▼ 12.8% |
| Recurring financial charges65 | €24,567 | €25,584 | €34,227 | €46,181 | €40,275 | ▼ 12.8% |
| Profit (loss) for the period before taxes9903 | €100,109 | €239,959 | €198,569 | €24,520 | €269,506 | ▲ 999% |
| Income taxes67/77 | €18,429 | €56,125 | €49,901 | €7,518 | €71,682 | ▲ 853% |
| Profit (loss) for the period9904 | €81,679 | €183,835 | €148,668 | €17,002 | €197,824 | ▲ 1,064% |
| Profit (loss) for the period to be appropriated9905 | €81,679 | €183,835 | €148,668 | €17,002 | €197,824 | ▲ 1,064% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €2.0m | €2.2m | €2.1m | €2.3m | €2.2m | ▼ 4.7% |
| Fixed assets21/28 | €429,568 | €386,427 | €395,744 | €465,227 | €387,119 | ▼ 16.8% |
| Intangible fixed assets21 | €53,149 | €68,505 | €53,226 | €34,851 | €20,185 | ▼ 42.1% |
| Tangible fixed assets22/27 | €366,146 | €305,686 | €329,794 | €430,316 | €366,874 | ▼ 14.7% |
| Land and buildings22 | €85,230 | €73,341 | €67,677 | €62,013 | €56,349 | ▼ 9.1% |
| Plant, machinery and equipment23 | €201,055 | €169,712 | €208,479 | €210,777 | €169,330 | ▼ 19.7% |
| Furniture and vehicles24 | €79,861 | €62,633 | €53,638 | €157,526 | €141,195 | ▼ 10.4% |
| Financial fixed assets28 | €10,272 | €12,236 | €12,724 | €60 | €60 | = |
| Current assets29/58 | €1.6m | €1.9m | €1.7m | €1.8m | €1.8m | ▼ 1.6% |
| Stocks and contracts in progress3 | €685,724 | €916,626 | €835,024 | €693,230 | €673,389 | ▼ 2.9% |
| Stocks30/36 | €685,724 | €916,626 | €835,024 | €693,230 | €673,389 | ▼ 2.9% |
| Amounts receivable within one year40/41 | €692,410 | €749,124 | €705,118 | €1.1m | €884,196 | ▼ 17.0% |
| Trade receivables40 | €593,921 | €678,491 | €671,874 | €922,052 | €831,241 | ▼ 9.8% |
| Other amounts receivable41 | €98,489 | €70,633 | €33,245 | €143,211 | €52,955 | ▼ 63.0% |
| Cash at bank and in hand54/58 | €176,023 | €183,869 | €160,101 | €63,359 | €236,922 | ▲ 274% |
| Deferred charges and accrued income490/1 | €4,821 | €6,900 | €7,243 | €3,414 | €2,056 | ▼ 39.8% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €2.0m | €2.2m | €2.1m | €2.3m | €2.2m | ▼ 4.7% |
| Equity10/15 | €663,497 | €739,372 | €778,704 | €690,749 | €784,095 | ▲ 13.5% |
| Contributions10/11 | €100,000 | €100,000 | €100,000 | €100,000 | €100,000 | = |
| Capital10 | €100,000 | €100,000 | €100,000 | €100,000 | €100,000 | = |
| Issued capital100 | €100,000 | €100,000 | €100,000 | €100,000 | €100,000 | = |
| Reserves13 | €555,000 | €555,000 | €555,000 | €555,000 | €555,000 | = |
| Non-distributable reserves130/1 | €90,948 | €90,948 | €90,948 | €90,948 | €90,948 | = |
| Legal reserve130 | €10,000 | €10,000 | €10,000 | €10,000 | €10,000 | = |
| Reserves not available under the articles1311 | €80,948 | €80,948 | €80,948 | €80,948 | €80,948 | = |
| Distributable reserves133 | €464,052 | €464,052 | €464,052 | €464,052 | €464,052 | = |
| Profit (loss) carried forward14 | €6,628 | €79,034 | €123,224 | €35,749 | €129,095 | ▲ 261% |
| Investment grants15 | €1,869 | €5,338 | €479 | - | - | - |
| Provisions and deferred taxes16 | - | €7,544 | €10,162 | €18,245 | €25,338 | ▲ 38.9% |
| Provisions for liabilities and charges160/5 | - | €7,544 | €10,162 | €18,245 | €25,338 | ▲ 38.9% |
| Environmental obligations163 | - | €7,544 | - | - | - | - |
| Other liabilities and charges164/5 | - | - | €10,162 | €18,245 | €25,338 | ▲ 38.9% |
| Amounts payable17/49 | €1.3m | €1.5m | €1.3m | €1.6m | €1.4m | ▼ 13.1% |
| Amounts payable after more than one year17 | €251,472 | €122,956 | €135,914 | €337,911 | €234,258 | ▼ 30.7% |
| Financial debts170/4 | €251,472 | €122,956 | €135,914 | €337,911 | €234,258 | ▼ 30.7% |
| Amounts payable within one year42/48 | €1.1m | €1.4m | €1.2m | €1.2m | €1.1m | ▼ 8.4% |
| Current portion of amounts payable after more than one year42 | €147,692 | €128,516 | €70,138 | €139,431 | €133,201 | ▼ 4.5% |
| Financial debts43 | €250,000 | €368,796 | €350,000 | €102,293 | €75,000 | ▼ 26.7% |
| Credit institutions430/8 | €250,000 | €368,796 | €350,000 | €102,293 | €75,000 | ▼ 26.7% |
| Trade debts44 | €367,535 | €519,423 | €413,507 | €658,636 | €484,091 | ▼ 26.5% |
| Suppliers440/4 | €367,535 | €519,423 | €413,507 | €658,636 | €484,091 | ▼ 26.5% |
| Taxes, remuneration and social security45 | €55,226 | €73,747 | €73,347 | €77,461 | €91,974 | ▲ 18.7% |
| Taxes450/3 | €7,056 | €15,559 | €11,859 | €16,649 | €33,459 | ▲ 101% |
| Remuneration and social security454/9 | €48,170 | €58,188 | €61,488 | €60,812 | €58,515 | ▼ 3.8% |
| Other amounts payable47/48 | €246,425 | €275,967 | €264,829 | €259,462 | €348,833 | ▲ 34.4% |
| Accrued charges and deferred income492/3 | €6,699 | €6,622 | €6,630 | €6,307 | €6,890 | ▲ 9.3% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €81,679 | €183,835 | €148,668 | €17,002 | €197,824 | ▲ 1,064% |
| + Depreciation and write-downs630 | €162,473 | €107,337 | €104,202 | €120,142 | €111,079 | ▼ 7.5% |
| Operating cash flow (approximation) | €244,152 | €291,172 | €252,870 | €137,144 | €308,903 | ▲ 125% |
| Investment in fixed assets (approximation) | - | -€64,196 | -€113,519 | -€189,625 | -€32,972 | ▲ 82.6% |
| Change in cash | - | €7,846 | -€23,768 | -€96,742 | €173,563 | ▲ 279% |
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
02-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
24-06
State Gazette act
Resignation: Natacha DUQUESNOY (director)Appointment: ND MANAGEMENT ET IMMOBILIER SRL (director) · Permanent representative: Natacha DUQUESNOY · Director discharge5 facts ▸
State Gazette act
Resignation: Natacha DUQUESNOY (director)
Appointment: ND MANAGEMENT ET IMMOBILIER SRL (director) · Permanent representative: Natacha DUQUESNOY · Director discharge5 facts ▸
- General meeting, 14-04-2026
- Director resignation, Natacha DUQUESNOY (director)
- Director discharge, ND MANAGEMENT ET IMMOBILIER SRL (director)
- Director appointment, ND MANAGEMENT ET IMMOBILIER SRL (director)
- Permanent representative, Natacha DUQUESNOY (director)
2025
31-12
Financial
Highest result since 2018net €197,824 ▲1,064%
Operating result €306,498, net result €197,824, both a record.
29-07
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
31-12
Financial
Weakest financial yearnet €17,002 ▼88.6%
Net result drops to €17,002, the lowest in the series; recovery starts the following year.
23-07
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
26-05
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
02-07
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
16-06
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
28-08
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 28 days late
2019
26-06
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
18-06
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
27-06
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 10 acts read
About the unread acts
Of the 10 Belgian State Gazette acts we know for this company, 1 has been read. The other 9 have not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 director, last change in 2026
Board 1
ND MANAGEMENT ET IMMOBILIER
CurrentDirector · since 24-06-2026 · Private limited company · perm. rep.: Natacha DUQUESNOY
Permanent representatives 1
Natacha DUQUESNOY
CurrentPermanent representative · since 24-06-2026 · for ND MANAGEMENT ET IMMOBILIER
Derived from published Gazette acts. The CBE keeps the official list of function holders; we do not read it, so the two can differ.
See the function holders in the CBE →
Not every act has been read: a resignation may be missing here
9 of this company's 10 Belgian State Gazette acts have not been read yet. Appointments and resignations recorded in them are missing above: a director who resigned there may therefore still show here as sitting. The acts are in the Timeline.
Location & real-estate footprint
Registered office, Grâce-Hollogne · 1 establishment unit since 1965
Ground area
3,096 m²
Building footprint
164 m²
Volume, LiDAR
1,022 m³
Parcel 62454B0596/00M002, Wallonia · tallest building 8.7 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
ALFRA SOCIETE ANONYME
since 19652.127.305.020
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 62454B0596/00M002 | Wallonia | 3,095 m² | 1 · 164 m² | 8.7 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.
Mandate history
2 people since 2026, 1 in office
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| ND MANAGEMENT ET IMMOBILIER |
|
| Natacha DUQUESNOY |
|
Structure & network
Owners and holdings
1 ownerChain of control
- M.N.P. Group
- Alfra
Highest known parent: M.N.P. Group. The sources do not say who stands above it.
Owners 1
- M.N.P. Groupparent57.43%
Holdings 0
No holding stated in the accounts, acts or LEI register we read.
According to the annual accounts 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
1 current directorThe group is listed under Ownership & control below; here you explore it as a network.
This company
Company
Director
Shareholding
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Recognitions · licences · registrations
Food safety, FASFC
1 siteGrâce-Hollogne2.127.305.020
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Of 2,265 companies in sector 69209 we hold annual accounts for 1,101. 650 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded16-03-1965
Fiscal year end31-12
Activities, NACEBEL 2025
10910Manufacture of food products
69209Other tax advisory services
10111Manufacture of food products
10860Manufacture of food products
20150Manufacture of chemicals and chemical products
20412Manufacture of chemicals and chemical products
47110Non-specialised retail sale with food, beverages or tobacco predominating
72109Other research and development on natural sciences
Contact
E-invoicing
Reachable via Peppol
Peppol ID
0208:0404392901
Registered
30-12-2025
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.