ALINE
ActiveFinancials · financial year 2025, full format
Annual accounts 2025 filed on 16-07-2026 at the NBB all 35 filings
Every figure per financial year
The operating result for 2025 is a loss of €903,508, smaller than the loss of €1.0m in 2024.
Staff
| Item | 31-12-2021 | 31-12-2022 | 31-12-2023 | 31-12-2024 | 31-12-2025 |
|---|---|---|---|---|---|
| Employees at the balance-sheet date | 10 | 10 | 10 | 10 | 11 |
| full-time | 9 | 10 | 9 | 9 | 10 |
| part-time | 1 | - | 1 | 1 | 1 |
| in full-time equivalents | 9.8 | 10 | 9.8 | 9.6 | 10.8 |
| Average over the year, in full-time equivalents | 9 | 10 | 9.4 | 9.4 | 10.1 |
| On a permanent contract | 10 | 10 | 10 | 10 | 11 |
| Joined | 4 | - | 1 | 1 | 1 |
| Left | 2 | - | 1 | 1 | 0 |
| Agency workers, average number | - | 0.3 | - | - | - |
Source: social balance sheet in the 2021 to 2025 annual accounts
Securities and guarantees
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Debts secured on the company's own assets | €8.0m | €8.0m | €14.1m | €7.0m | €16.0m |
| Mortgages, amount registered | €24,789 | - | - | - | - |
| Mortgage mandates | €747,147 | €747,147 | €747,147 | €747,147 | €747,147 |
| Carrying value of the mortgaged assets | €7.9m | €9.1m | €9.0m | €8.7m | €8.8m |
Source: notes to the 2021 to 2025 annual accounts (statement of debts and off-balance-sheet rights and commitments)
Investments
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Tangible fixed assets | €550,713 | €1.7m | €214,861 | €98,448 | €123,899 |
| Depreciation and write-downs of the year | €319,726 | €357,577 | €382,608 | €397,511 | €406,978 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Subsidies and aid
Flemish government
2022 to 2025 · 6 entries · €6,042 awarded · €6,095 paid| Year | Entries | Awarded | Paid |
|---|---|---|---|
| 2025 | 1 | €402 | €402 |
| 2024 | 1 | €838 | €838 |
| 2023 | 2 | €1,710 | €1,763 |
| 2022 | 2 | €3,092 | €3,092 |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Operating income70/76A | - | - | €1.8m | €1.4m | €3.7m | €2.6m | €2.9m | €3.3m | ▲ 14.0% |
| Turnover70 | €0.9m | €1.9m | €1.5m | €1.3m | €3.6m | €2.5m | €2.8m | €2.8m | ▼ 1.5% |
| Other operating income74 | - | - | €0.2m | €0.1m | €0.08m | €0.1m | €0.1m | €0.1m | ▲ 12.4% |
| Non-recurring operating income76A | - | - | €0.07m | - | - | - | - | €0.4m | - |
| Operating charges60/66A | - | - | €2.9m | €2.9m | €5.1m | €3.7m | €3.9m | €4.2m | ▲ 7.5% |
| Goods for resale, raw materials and consumables60 | - | - | - | - | €0.4m | - | - | - | - |
| Purchases600/8 | - | - | - | - | €0.2m | €0.001m | - | - | - |
| Change in stocks: decrease (increase)609 | - | - | -€0.2m | - | €0.2m | -€0.001m | - | - | - |
| Services and other goods61 | - | - | €2.0m | €1.8m | €3.4m | €2.4m | €2.6m | €2.8m | ▲ 7.7% |
| Remuneration, social security and pensions62 | - | - | €0.6m | €0.7m | €0.8m | €0.9m | €0.9m | €1.0m | ▲ 9.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €0.3m | €0.3m | €0.3m | €0.3m | €0.4m | €0.4m | €0.4m | €0.4m | ▲ 2.4% |
| Other operating charges640/8 | - | - | €0.03m | €0.04m | €0.06m | €0.03m | €0.04m | €0.04m | ▲ 10.7% |
| Non-recurring operating charges66A | - | - | - | €0.007m | €0.01m | - | €0.006m | €0.001m | ▼ 84.0% |
| Operating profit (loss)9901 | -€1.0m | -€0.6m | -€1.1m | -€1.5m | -€1.4m | -€1.1m | -€1.0m | -€0.9m | ▲ 11.2% |
| Financial income75/76B | - | - | - | €0.6m | €0.9m | €1.6m | €1.5m | €11.1m | ▲ 653% |
| Recurring financial income75 | €9.0m | €1.7m | €13.9m | €0.6m | €0.9m | €1.6m | €1.5m | €11.1m | ▲ 653% |
| Income from financial fixed assets750 | - | - | €12.9m | - | - | - | - | €10.0m | - |
| Income from current assets751 | - | - | €0.9m | €0.6m | €0.7m | €1.5m | €1.4m | €1.1m | ▼ 22.2% |
| Other financial income752/9 | - | - | €0.05m | €0 | €0.1m | €0.05m | €0.1m | €9 | ▼ 100.0% |
| Non-recurring financial income76B | - | - | €0.6m | - | - | - | - | - | - |
| Financial charges65/66B | - | - | €0.6m | €0.2m | €0.3m | €0.3m | €0.6m | €0.4m | ▼ 26.0% |
| Recurring financial charges65 | €0.5m | €0.09m | €0.5m | €0.2m | €0.3m | €0.3m | €0.6m | €0.4m | ▼ 26.0% |
| Debt charges650 | €0.2m | €0.1m | €0.4m | €0.2m | €0.1m | €0.5m | €0.6m | €0.4m | ▼ 27.1% |
| Write-downs on current assets other than stocks, contracts in progress and trade receivables: additions (reversals)651 | - | - | -€0.1m | - | €0.2m | -€0.2m | - | - | - |
| Other financial charges652/9 | - | - | €0.2m | €0.05m | €0.06m | €0.03m | €0.04m | €0.03m | ▼ 8.9% |
| Non-recurring financial charges66B | - | - | €0.05m | €0.001m | - | - | - | - | - |
| Profit (loss) for the period before taxes9903 | €7.5m | €1.0m | €12.9m | -€1.1m | -€0.9m | €0.2m | -€0.1m | €9.7m | - |
| Income taxes67/77 | €0.003m | €0.006m | €0.006m | -€52 | €0.008m | €0.003m | €0.003m | €0.003m | ▲ 5.7% |
| Taxes670/3 | - | - | €0.006m | - | €0.008m | €0.003m | €0.003m | €0.003m | ▲ 5.7% |
| Tax adjustments and reversals of tax provisions77 | - | - | - | €52 | - | - | - | €0 | - |
| Profit (loss) for the period9904 | €7.5m | €1.0m | €12.9m | -€1.1m | -€0.9m | €0.2m | -€0.1m | €9.7m | - |
| Profit (loss) for the period to be appropriated9905 | €7.5m | €1.0m | €12.9m | -€1.1m | -€0.9m | €0.2m | -€0.1m | €9.7m | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €59.1m | €60.2m | €75.7m | €70.4m | €69.9m | €74.3m | €66.2m | €83.0m | ▲ 25.3% |
| Fixed assets21/28 | €25.9m | €26.4m | €26.0m | €26.2m | €27.6m | €27.4m | €27.1m | €26.8m | ▼ 1.1% |
| Intangible fixed assets21 | €0.05m | €0.04m | €0.02m | €0.01m | €0.004m | €0.001m | €0 | €0 | - |
| Tangible fixed assets22/27 | €7.9m | €8.2m | €8.0m | €8.2m | €9.6m | €9.4m | €9.1m | €8.8m | ▼ 3.3% |
| Plant, machinery and equipment23 | - | - | €0.09m | €0.06m | €0.09m | €0.1m | €0.1m | €0.1m | ▲ 2.2% |
| Furniture and vehicles24 | - | - | €0.3m | €0.3m | €0.4m | €0.3m | €0.3m | €0.3m | ▼ 1.7% |
| Other tangible fixed assets26 | - | - | €7.6m | €7.9m | €9.1m | €9.0m | €8.7m | €8.4m | ▼ 3.5% |
| Financial fixed assets28 | €18.0m | €18.1m | €18.0m | €18.0m | €18.0m | €18.0m | €18.0m | €18.0m | = |
| Affiliated companies280/1 | - | - | €18.0m | €18.0m | €18.0m | €18.0m | €18.0m | €18.0m | = |
| Participating interests280 | - | - | €18.0m | €18.0m | €18.0m | €18.0m | €18.0m | €18.0m | = |
| Other financial fixed assets284/8 | - | - | €88 | €184 | €184 | €0.001m | €0.001m | €0.001m | ▲ 6.5% |
| Amounts receivable and cash guarantees285/8 | - | - | €88 | €184 | €184 | €0.001m | €0.001m | €0.001m | ▲ 6.5% |
| Current assets29/58 | €33.1m | €33.8m | €49.7m | €44.3m | €42.3m | €46.9m | €39.1m | €56.2m | ▲ 43.6% |
| Amounts receivable after more than one year29 | - | - | €1.6m | €1.7m | €1.7m | €3.4m | €3.5m | €2.6m | ▼ 24.5% |
| Other amounts receivable291 | - | - | €1.6m | €1.7m | €1.7m | €3.4m | €3.5m | €2.6m | ▼ 24.5% |
| Stocks and contracts in progress3 | €0.002m | €0.1m | €0.3m | €0.3m | €0.1m | €0.1m | €0.1m | €0.1m | = |
| Stocks30/36 | - | - | €0.3m | €0.3m | €0.1m | €0.1m | €0.1m | €0.1m | = |
| Property held for sale35 | - | - | €0.3m | €0.3m | €0.1m | €0.1m | €0.1m | €0.1m | = |
| Amounts receivable within one year40/41 | €21.4m | €22.5m | €28.5m | €32.1m | €32.3m | €36.1m | €25.6m | €45.2m | ▲ 76.3% |
| Trade receivables40 | - | - | €1.6m | €1.7m | €1.9m | €2.3m | €2.8m | €3.5m | ▲ 25.6% |
| Other amounts receivable41 | - | - | €26.9m | €30.4m | €30.4m | €33.8m | €22.8m | €41.7m | ▲ 82.4% |
| Current investments50/53 | €5.4m | €5.6m | €6.4m | €6.4m | €6.4m | €6.5m | €6.8m | €7.5m | ▲ 9.4% |
| Other investments51/53 | - | - | €6.4m | €6.4m | €6.4m | €6.5m | €6.8m | €7.5m | ▲ 9.4% |
| Cash at bank and in hand54/58 | €4.8m | €3.9m | €12.9m | €3.8m | €1.8m | €0.6m | €3.1m | €0.8m | ▼ 73.2% |
| Deferred charges and accrued income490/1 | - | - | €0.02m | €0.02m | €0.02m | €0.1m | €0.01m | €0.02m | ▲ 38.7% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €59.1m | €60.2m | €75.7m | €70.4m | €69.9m | €74.3m | €66.2m | €83.0m | ▲ 25.3% |
| Equity10/15 | €49.1m | €50.1m | €63.0m | €61.9m | €59.1m | €58.3m | €56.1m | €64.0m | ▲ 14.1% |
| Contributions10/11 | €0.2m | €0.2m | €0.7m | €0.7m | €0.7m | €0.7m | €0.7m | €0.7m | = |
| Capital10 | - | - | €0.7m | €0.7m | €0.7m | €0.7m | €0.7m | €0.7m | = |
| Issued capital100 | - | - | €0.7m | €0.7m | €0.7m | €0.7m | €0.7m | €0.7m | = |
| Reserves13 | €3.6m | €3.6m | €3.6m | €3.6m | €3.6m | €3.6m | €3.6m | €3.6m | = |
| Non-distributable reserves130/1 | - | - | €0.9m | €0.9m | €0.9m | €0.9m | €0.9m | €0.9m | = |
| Legal reserve130 | - | - | €0.9m | €0.9m | €0.9m | €0.9m | €0.9m | €0.9m | = |
| Distributable reserves133 | - | - | €2.6m | €2.6m | €2.6m | €2.6m | €2.6m | €2.6m | = |
| Profit (loss) carried forward14 | €45.3m | €46.3m | €58.8m | €57.7m | €54.8m | €54.0m | €51.9m | €59.8m | ▲ 15.2% |
| Amounts payable17/49 | €9.9m | €10.0m | €12.7m | €8.5m | €10.8m | €16.1m | €10.1m | €19.0m | ▲ 87.4% |
| Amounts payable after more than one year17 | €8.0m | €8.0m | €8.0m | €8.0m | €5.0m | €5.0m | €5.0m | €5.0m | = |
| Financial debts170/4 | - | - | €8.0m | €8.0m | €5.0m | €5.0m | €5.0m | €5.0m | = |
| Credit institutions173 | - | - | €8.0m | €8.0m | €5.0m | €5.0m | €5.0m | €5.0m | = |
| Amounts payable within one year42/48 | €1.9m | €2.0m | €4.7m | €0.5m | €5.6m | €10.6m | €4.4m | €13.1m | ▲ 196% |
| Financial debts43 | - | - | - | - | €3.0m | €9.1m | €2.0m | €11.0m | ▲ 450% |
| Credit institutions430/8 | - | - | - | - | €3.0m | €9.1m | €2.0m | €11.0m | ▲ 450% |
| Trade debts44 | €0.3m | €0.5m | €0.4m | €0.3m | €0.4m | €0.3m | €0.2m | €0.1m | ▼ 19.9% |
| Suppliers440/4 | - | - | €0.4m | €0.3m | €0.4m | €0.3m | €0.2m | €0.1m | ▼ 19.9% |
| Taxes, remuneration and social security45 | - | - | €0.09m | €0.1m | €0.2m | €0.1m | €0.2m | €0.2m | ▲ 23.7% |
| Taxes450/3 | - | - | €0.03m | €0.05m | €0.05m | €0.04m | €0.05m | €0.05m | ▲ 6.2% |
| Remuneration and social security454/9 | - | - | €0.06m | €0.08m | €0.1m | €0.1m | €0.1m | €0.1m | ▲ 30.7% |
| Other amounts payable47/48 | - | - | €4.2m | €0.09m | €2.1m | €1.1m | €2.1m | €1.8m | ▼ 14.3% |
| Accrued charges and deferred income492/3 | - | - | €0.01m | €0.01m | €0.2m | €0.5m | €0.7m | €0.8m | ▲ 20.9% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €7.5m | €1.0m | €12.9m | -€1.1m | -€0.9m | €0.2m | -€0.1m | €9.7m | - |
| + Depreciation and write-downs630 | €0.3m | €0.3m | €0.3m | €0.3m | €0.4m | €0.4m | €0.4m | €0.4m | ▲ 2.4% |
| Operating cash flow (approximation) | €7.8m | €1.3m | €13.2m | -€0.8m | -€0.5m | €0.6m | €0.3m | €10.1m | ▲ 39× |
| Investment in fixed assets (approximation) | - | -€0.7m | €0.1m | -€0.5m | -€1.7m | -€0.2m | -€0.1m | -€0.1m | ▼ 3.0% |
| Change in cash | - | -€0.9m | €9.1m | -€9.2m | -€1.9m | -€1.2m | €2.5m | -€2.3m | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 20,136 companies had the same profile as ALINE has now. Two years later, 95.0% were still going and 0.2% had gone bankrupt.
- Small
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
That fits the bankruptcy probability of ALINE itself: 0.1% within 12 months.
Test of the method
The method was tested on the 497,446 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 20,136 companies, not a prediction for ALINE. 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.
Latest 10 of 35 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | full format | 16-07-2026 | 2026-00306859 | |
| 31-12-2024 | full format | 16-07-2025 | 2025-00281332 | |
| 31-12-2023 | full format | 24-07-2024 | 2024-00283076 | |
| 31-12-2022 | full format | 30-06-2023 | 2023-00199533 | |
| 31-12-2021 | full format | 01-07-2022 | 2022-20127047 | |
| 31-12-2020 | full format | 01-07-2021 | 2021-30900566 | |
| 31-12-2019 | full format | 27-07-2020 | 2020-34800163 | |
| 31-12-2018 | full format | 30-07-2019 | 2019-42000413 | |
| 31-12-2017 | full format | 31-07-2018 | 2018-41500424 | |
| 31-12-2016 | full format | 28-07-2017 | 2017-38900577 |