Equity
€24.2m ▲ 4.4%
ALHEEMBOUW paid out €7.5m in dividends. That is 79% of the 2025 profit.
ALHEEMBOUW
Lifetime
17 annual accounts with figures on one time axis, 39 filings since 1986peak €278.7m (2025)
€278.7m▲ 10.8%
peak €9.5m (2025)
€9.5m▲ 12.8%
peak €24.2m (2025)
€24.2m▲ 4.4%
€97.1m▲ 11.0%
peak 183.8 FTE (2025)
183.8 FTE▲ 1.9%
Board18 names since 2010all names
-
Owners4 names in the annual accounts
100%BEEHIVE
Documentsfilings and deeds
31-03-202630 days before the deadline
2025financial year
Permanent representative: Kevin Defauw 05-11Appointment: BV BEELISE (day-to-day manager) 18-04Dividend €7.5mCash from €3.5m to €5.0m
Key points
from the 2025 annual accountsDebts
€97.1m 80% of the balance sheet
Financial debts 2%Suppliers 48%Taxes and wages 2%Other 48%
€2.6m of the debts are secured on the company's own assets. In 2022 that was €12.0m.
Staff
184 employees on 30-09-2025
In 2025, 57 people joined and 64 left.
Payment terms
68 days to suppliers
ALHEEMBOUW pays its suppliers 23 days earlier than in 2024. Customers pay 4 days earlier.
Filings
39 annual accounts since 1986
The 2023 accounts came 27 days late. The other nine of the last ten were filed on time.
Position in the sector
€9.5m
Higher net result than 95% of companies in construction of buildings. Sector median €32,512 · 1,035 companies.
Checked score
83
Excellent
Financially stronger than 46% of medium-sized companies in construction of buildings (NACE 41)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.4% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.3% across 209 companies (NACE 41, medium-sized).
About 4 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.4%
01-2025: 0.4%● unchanged vs 12-2024
02-2025: 0.4%● unchanged vs 01-2025lowest value
03-2025: 0.4%● unchanged vs 02-2025
04-2025: 0.5%▲ +0.1 percentage points vs 03-2025
05-2025: 0.5%● unchanged vs 04-2025
06-2025: 0.5%● unchanged vs 05-2025
07-2025: 0.5%● unchanged vs 06-2025
08-2025: 0.5%● unchanged vs 07-2025
09-2025: 0.5%● unchanged vs 08-2025
10-2025: 0.5%● unchanged vs 09-2025
11-2025: 0.5%● unchanged vs 10-2025
12-2025: 0.5%● unchanged vs 11-2025
01-2026: 0.5%● unchanged vs 12-2025
02-2026: 0.5%● unchanged vs 01-2026
03-2026: 0.5%● unchanged vs 02-2026
04-2026: 0.6%▲ +0.1 percentage points vs 03-2026highest value
05-2026: 0.4%▼ -0.2 percentage points vs 04-2026
06-2026: 0.4%● unchanged vs 05-2026
07-2026: 0.4%● unchanged vs 06-2026
08-2026: 0.4%● unchanged vs 07-2026
09-2026: 0.4%● unchanged vs 08-2026
10-2026: 0.4%● unchanged vs 09-2026
11-2026: 0.4%● unchanged vs 10-2026
Financial strengthWeak
Score breakdown
raises risk
Sector: Construction of residential and non-residential buildings (NACE 41)
Equity €24.2m (19.9% of total assets)
Liquidity: current ratio 1.21, cash €5.0m
lowers risk
Legal form: public limited company
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 41, medium-sized). It does better than 37% of them on solvency, 14% on liquidity, 69% on profitability and 62% on growth.
The bankruptcy probability was computed on 06-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 30-09-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 378 companies had the same profile as ALHEEMBOUW has now. Each dot is one company, two years later.
97.4%
were still trading
2.4%
stopped another way
0.3%
went bankrupt
That fits the bankruptcy probability of ALHEEMBOUW itself: 0.4% within 12 months.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% | 0.9% |
| 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% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 378 companies, not a prediction for ALHEEMBOUW. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
Credit of up to €2,000,000 on 30-day terms is acceptable
Liquidity is tight, with a current ratio of 1.21 (1.23 in 2024), below the usual 1.5. Short-term debt is 78.8% and cash 4.1% of total assets. 80.1% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
lowers riskraises riskneutral
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 31-03-2026, 30 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
30 days early
2024
30 days early
2023
27 days late
2022
26 days early
2021
39 days early
2020
43 days early
2019
43 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 26 days before the deadline. In the sector (NACE 41), the median for financial year 2024 was on the deadline day, and 46% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The financial year that closed on 30-09-2026 is due by 30-04-2027. Nothing is late today. The company usually files around 31 March (4 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
30-09-2026 year end07-11-2026 today30-04-2027 deadline
Board and ownership
and 2 others
- 2B CONCRETE 100%28-02-2022 annual accounts of 2B CONCRETE
- BEEHIVE 100%equity €21.2m (2025) · 2025 annual accounts of BEEHIVE
Shares in 13 companies, including Consortium Een uit de Duizend and De Oogappel
Board & ownershipRecent changes
Environmental permit granted
Slopen van niet vrijstaande gebouwen of constructies · Roeselare
Permanent representative: Kevin Defauw
Reappointment: BDO Bedrijfsrevisoren BV (statutory auditor) · General meeting of 01-03-2025 · Gazette deed
Environmental permit granted
Hoogstammige bomen vellen die geen deel uitmaken van een bos · Poperinge
Appointment: BV BEELISE (day-to-day manager)
Permanent representative: Lise Van den Abeele · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| ALHEEMBOUW Staden | €278.7m | 4.5% | 19.9% | 183.8 |
| VANHOUT Geel | €125.0m | 2.7% | 20.6% | 144.6 |
| DEMOCO Hasselt | €188.3m | 1.0% | 23.2% | 241.8 |
| DURABRIK BOUWBEDRIJVEN Ghent | €113.7m | 5.2% | 48.8% | 161.3 |
| CIT BLATON Schaerbeek | €303.0m | 4.5% | - | 334.9 |
| BAM Interbuild Antwerp | €103.6m | 2.8% | 38.3% | 158 |
| MBG Antwerp | €100.8m | 13.4% | 20.4% | 181.5 |
Grey: the largest companies of the sector (construction of buildings (NACE 41)), without their names. Blue: the sector peers from the table.
These companies have the same main activity as ALHEEMBOUW: general construction of residential buildings (NACE 41001). They are comparable in size and age: total assets between €67m and €187m, founded between 1973 and 1990.
Official details
Source: KBO- Status
- Active since 29-05-1986Normal situation
- Registered office
- 21 active companies are registered at this address1 started in the 12 months before. Source: KBO register, as of 7 November 2026.
- Activity
- General construction of residential buildingsNACE 41001and 2 others
- Joint committees
- 124Construction
- 200Auxiliary committee for white-collar workers · annual accounts 30-09-2025
- Establishment unit
- 2.010.755.4618840 Staden, since 22-01-2001
- Financial year end
- 30 September
- Peppol
- Reachable
Annual accounts to 30-09-2025
- €121.3m▲ 9.7%
- Employeeson 30-09-2025
- 184▼ 3.7%
- Filing
- Filed on 31-03-2026, 30 days before the end of the filing period
Companies linked to ALHEEMBOUW
Subsidiaries and holdings
- FundamentALH100%
- Metis I Poperinge75%
- Metis I Wingene75%
- ABC50%
- ABC 0250%
- DEPOO50%
- PRIJKELSPOORT50%
- Team1050%
Insights on ALHEEMBOUW
ALHEEMBOUW has existed since 1986. Turnover grew from €42.1m in 2009 to €278.7m in 2025 and staff from 119.8 to 183.8 full-time equivalents.
Turnover has grown every year since 2022.
2B CONCRETE holds all the shares. In June 2023, the Official Gazette published the appointment of BEEHIVE as managing director.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about ALHEEMBOUW
- What is the company number of ALHEEMBOUW?
- The company number of ALHEEMBOUW is 0428.936.572. The VAT number is the same number with BE in front: BE 0428.936.572.
- Where is ALHEEMBOUW based?
- The registered office is at Roeselarestraat 205, 8840 Staden.Company details
- What does ALHEEMBOUW do?
- According to the KBO register, the main activity is general construction of residential buildings (NACE 41001).
- What is the legal form of ALHEEMBOUW?
- ALHEEMBOUW is a public limited company (NV).
- When was ALHEEMBOUW founded?
- ALHEEMBOUW was founded on 29-05-1986.
- Is ALHEEMBOUW still active?
- Yes, ALHEEMBOUW is an active enterprise in the KBO register.
- How many employees does ALHEEMBOUW have?
- ALHEEMBOUW had an average of 183.8 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- Which joint committee does ALHEEMBOUW fall under?
- In its 30-09-2025 annual accounts, ALHEEMBOUW states joint committees 124 (Construction) and 200 (Auxiliary committee for white-collar workers).
- What is the turnover of ALHEEMBOUW?
- The turnover of ALHEEMBOUW was €278.7m in financial year 2025, according to the filed annual accounts.
- Is ALHEEMBOUW profitable?
- In financial year 2025, ALHEEMBOUW made a profit of €9.5m.
- Where can I find the annual accounts of ALHEEMBOUW?
- ALHEEMBOUW filed 39 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of ALHEEMBOUW due?
- ALHEEMBOUW must file the annual accounts for financial year 2026 by 30-04-2027.Timeline
Next steps
Work out how much credit to give this customer and on what payment terms.Credit check Check what to know before you do business with this company.Supplier due diligence See whether the workforce is growing and whether people stay.Employer check Check whether you can trust this company with building work.Contractor check Check whether you can accept this company as a client under the anti-money-laundering law.AML client file Check which of your other customers you can e-invoice via Peppol.Peppol check
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