ALISHBA
ActiveSummary
ALISHBA has been active since 2012 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €20,227 and a net result of -€9,499. Equity is growing by ~31.9% per year across the filed fiscal years. Its solvency ranks better than 48% of 18716 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.2% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability9▼-51
Solvency56▼-11
Growth57▼-9
Track record100
Bankruptcy probability, 12 months
1.2%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €500 at 30 days only on tighter terms
Liquidity tight (current ratio 1.14 against 1.5 in 2024; short-term debt: 63.2% and cash: 4.3% of total assets), and 68.8% of the assets are financed with debt.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Retail trade (NACE 47)
about 45% more bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
31.2%
Return on assets
-14.6%
Age of the figures
9 mo
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
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 15-07-2026, 16 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
16 d early
2024
37 d early
2023
75 d early
2022
20 d early
2021
107 d late
2020
30 d late
2019
118 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 15 days after the deadline; the sector median for financial year 2024 is on the deadline day, and 47% 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 11 July (4 of the last 5 filed years within 54 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
Turnover
€349,665▼ 13.0%
2024 · €401,730
EBIT margin
-1.7%▼ 3.2pp
2024 · 1.5%
Net result
-€9,499
2024 · €3,623
Working capital
€5,645▼ 63.3%
2024 · €15,371
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 47, Retail trade, 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€388,687€401,730▲ 3.4%€349,665▼ 13.0%
Operating result€10,863▼ 8.0%€7,085▼ 34.8%€10,632▲ 50.1%€6,151▼ 42.1%-€5,822
Net result€9,890within the sector's middle half▼ 3.7%€3,099within the sector's middle half▼ 68.7%€9,376within the sector's middle half▲ 203%€3,623within the sector's middle half▼ 61.4%-€9,499below the sector's middle half
EBIT margin2.7%1.5%▼ 1.2pp-1.7%▼ 3.2pp
Equity€13,628within the sector's middle half▲ 16.1%€16,727within the sector's middle half▲ 22.7%€26,104within the sector's middle half▲ 56.1%€29,726within the sector's middle half▲ 13.9%€20,227within the sector's middle half▼ 32.0%
Total assets€24,722below the sector's middle half▼ 28.0%€39,995below the sector's middle half▲ 61.8%€44,753below the sector's middle half▲ 11.9%€70,985within the sector's middle half▲ 58.6%€64,840within the sector's middle half▼ 8.7%
Debt€11,094▼ 50.9%€23,268▲ 110%€18,649▼ 19.9%€41,259▲ 121%€44,613▲ 8.1%
Working capital€11,714within the sector's middle half▲ 27.5%€15,453within the sector's middle half▲ 31.9%€16,619within the sector's middle half▲ 7.5%€15,371within the sector's middle half▼ 7.5%€5,645within the sector's middle half▼ 63.3%
Solvency55.1%within the sector's middle half▲ 20.9pp41.8%within the sector's middle half▼ 13.3pp58.3%within the sector's middle half▲ 16.5pp41.9%within the sector's middle half▼ 16.5pp31.2%within the sector's middle half▼ 10.7pp
Current ratio2.06within the sector's middle half▲ 0.651.66within the sector's middle half▼ 0.391.89within the sector's middle half▲ 0.231.50within the sector's middle half▼ 0.391.14within the sector's middle half▼ 0.36
Return on assets (ROA)40.0%above the sector's middle half▲ 10.1pp7.7%within the sector's middle half▼ 32.3pp21.0%above the sector's middle half▲ 13.2pp5.1%within the sector's middle half▼ 15.8pp-14.6%below the sector's middle half▼ 19.8pp
above
within
below
the middle half (P25 to P75) of NACE 47, Retail trade, 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.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €5,822 after €6,151 in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €64,840
Fixed assets
€18,221 ▼ 27.0%
Current assets
€46,619 ▲ 1.3%
Equity and liabilities €64,840
Equity
€20,227 ▼ 32.0%
Debt
€44,613 ▲ 8.1%
Debt's share of the balance-sheet total rises from 58.1% to 68.8%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€931▼
2024 · €10,662
Cash flow
-€2,746▼
2024 · €8,134
Quick ratio
0.17▲
2024 · 0.16
Debt to equity
2.21▲
2024 · 1.39
ROE
-47.0%▼
2024 · 12.2%
Interest coverage
0.25▼
2024 · 5.99
Debt ≤ 1 year
€40,974▲
2024 · €30,640
Debt > 1 year
€3,639▼
2024 · €10,619
Income taxes
-€89▼
2024 · €750
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 4,805 companies that looked in July 2024 the way this one looks now, 2.0% went bankrupt within 24 months and 88% are still going.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a loss of 10% of the balance sheet or more
2.0%
went bankrupt
9.8%
stopped otherwise
88%
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 1.2% 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 4,805 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 |
|---|---|---|---|---|---|---|
| Turnover70 | - | - | €388,687 | €401,730 | €349,665 | ▼ 13.0% |
| Goods, raw materials, services and sundry goods60/61 | - | - | €384,197 | €398,818 | €348,305 | ▼ 12.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €640 | €640 | €640 | €4,511 | €6,753 | ▲ 49.7% |
| Other operating charges640/8 | €175 | €367 | €1,945 | €3,077 | €6,890 | ▲ 124% |
| Gross operating margin9900 | €11,678 | €8,092 | €13,216 | €13,739 | €7,821 | ▼ 43.1% |
| Operating profit (loss)9901 | €10,863 | €7,085 | €10,632 | €6,151 | -€5,822 | ▼ 195% |
| Financial income75/76B | - | - | - | €0 | €0 | ▼ 75.6% |
| Recurring financial income75 | - | - | - | €0 | €0 | ▼ 75.6% |
| Financial charges65/66B | €973 | €785 | €726 | €1,779 | €3,766 | ▲ 112% |
| Recurring financial charges65 | €973 | €785 | €726 | €1,779 | €3,766 | ▲ 112% |
| Profit (loss) for the period before taxes9903 | €9,890 | €6,301 | €9,906 | €4,373 | -€9,588 | ▼ 319% |
| Income taxes67/77 | - | €3,202 | €530 | €750 | -€89 | ▼ 112% |
| Profit (loss) for the period9904 | €9,890 | €3,099 | €9,376 | €3,623 | -€9,499 | ▼ 362% |
| Profit (loss) for the period to be appropriated9905 | €9,890 | €3,099 | €9,376 | €3,623 | -€9,499 | ▼ 362% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €24,722 | €39,995 | €44,753 | €70,985 | €64,840 | ▼ 8.7% |
| Fixed assets21/28 | €1,914 | €1,275 | €9,485 | €24,974 | €18,221 | ▼ 27.0% |
| Tangible fixed assets22/27 | €1,914 | €1,275 | €635 | €16,124 | €9,371 | ▼ 41.9% |
| Plant, machinery and equipment23 | €1,914 | €1,275 | €635 | €87 | - | - |
| Furniture and vehicles24 | - | - | - | €16,037 | €9,371 | ▼ 41.6% |
| Financial fixed assets28 | - | - | €8,850 | €8,850 | €8,850 | = |
| Current assets29/58 | €22,808 | €38,721 | €35,268 | €46,011 | €46,619 | ▲ 1.3% |
| Stocks and contracts in progress3 | €11,971 | €34,179 | €33,134 | €41,191 | €39,777 | ▼ 3.4% |
| Stocks30/36 | €11,971 | €34,179 | €33,134 | €41,191 | €39,777 | ▼ 3.4% |
| Amounts receivable within one year40/41 | €491 | €840 | €1,359 | €1,788 | €3,618 | ▲ 102% |
| Trade receivables40 | - | €350 | €869 | €1,297 | €3,127 | ▲ 141% |
| Other amounts receivable41 | €491 | €491 | €491 | €491 | €491 | = |
| Cash at bank and in hand54/58 | €10,346 | €3,701 | €774 | €3,033 | €2,782 | ▼ 8.3% |
| Deferred charges and accrued income490/1 | - | - | - | - | €442 | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €24,722 | €39,995 | €44,753 | €70,985 | €64,840 | ▼ 8.7% |
| Equity10/15 | €13,628 | €16,727 | €26,104 | €29,726 | €20,227 | ▼ 32.0% |
| Contributions10/11 | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Reserves13 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Non-distributable reserves130/1 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Reserves not available under the articles1311 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Profit (loss) carried forward14 | €5,568 | €8,667 | €18,044 | €21,666 | €12,167 | ▼ 43.8% |
| Amounts payable17/49 | €11,094 | €23,268 | €18,649 | €41,259 | €44,613 | ▲ 8.1% |
| Amounts payable after more than one year17 | - | - | - | €10,619 | €3,639 | ▼ 65.7% |
| Financial debts170/4 | - | - | - | €10,619 | €3,639 | ▼ 65.7% |
| Amounts payable within one year42/48 | €11,094 | €23,268 | €18,649 | €30,640 | €40,974 | ▲ 33.7% |
| Current portion of amounts payable after more than one year42 | - | - | - | €6,601 | €6,980 | ▲ 5.7% |
| Trade debts44 | €494 | €22,300 | €10,443 | €18,076 | €10,625 | ▼ 41.2% |
| Suppliers440/4 | €494 | €22,300 | €10,443 | €18,076 | €10,625 | ▼ 41.2% |
| Taxes, remuneration and social security45 | €2,600 | €968 | €7,163 | €5,964 | €23,369 | ▲ 292% |
| Taxes450/3 | €2,600 | €968 | €2,363 | €2,003 | €2,624 | ▲ 31.0% |
| Remuneration and social security454/9 | - | - | €4,800 | €3,961 | €20,745 | ▲ 424% |
| Other amounts payable47/48 | €8,000 | - | €1,043 | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €9,890 | €3,099 | €9,376 | €3,623 | -€9,499 | ▼ 362% |
| + Depreciation and write-downs630 | €640 | €640 | €640 | €4,511 | €6,753 | ▲ 49.7% |
| Operating cash flow (approximation) | €10,529 | €3,739 | €10,016 | €8,134 | -€2,746 | ▼ 134% |
| Investment in fixed assets (approximation) | - | €0 | -€8,850 | -€20,000 | €0 | ▲ 100% |
| Change in cash | - | -€6,645 | -€2,927 | €2,258 | -€251 | ▼ 111% |
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
15-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
24-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
17-05
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
11-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
15-11
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 107 days late
2021
30-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 30 days late
2020
31-12
Financial
Back to profitnet €10,274
Net result €10,274 after 2 loss-making years.
26-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 118 days late
13-05
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 287 days late
2018
28-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 28 days late
23-03
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 235 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 8 acts read
About the unread acts
We know of 8 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 8 Gazette acts processed. See the function holders in the CBE →
Location & real-estate footprint
Registered office, Gent · 2 establishment units since 2012
Ground area
265 m²
Building footprint
197 m²
Volume, LiDAR
1,808 m³
2 parcels, Flanders · tallest building 15.0 m, ±4 floors. Linked by address, not a title deed.
2 establishment units
ALISHBA
since 20122.207.482.448
ALISHBA2
since 20222.337.280.425
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44806F0106/00M000 | Flanders | 197 m² | 1 · 129 m² | 15.0 m · 4 fl. |
| 44806F0106/00K000 | Flanders | 68 m² | 1 · 68 m² | 11.0 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Subsidies and aid
Flemish government
2023 to 2024 · 2 entries · 4,000 EUR awarded · 4,000 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2024 | 1 | 2,000 EUR | 2,000 EUR |
| 2023 | 1 | 2,000 EUR | 2,000 EUR |
Schemes
Recognitions · licences · registrations
Food safety, FASFC
2 sitesGent2.207.482.448
Gent2.337.280.425
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Of 10,504 companies in this sector we hold annual accounts for 5,849. 4,152 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company details
Identification
Legal formPrivate limited company
Founded02-02-2012
Fiscal year end31-12
Activities, NACEBEL 2025
47110Non-specialised retail sale with food, beverages or tobacco predominating
47252Retail sale of beverages, general range
47260Retail trade
47279Other retail sale of food
E-invoicing
Reachable via Peppol
Peppol ID
0208:0843381544
Also
9925:BE0843381544
Registered
01-05-2025
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.