ALIWAR
ActiveALIWAR has been active since 1999 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €104k and a net result of €620k. Equity remains stable across the filed fiscal years (±1.6% per year). Its solvency ranks better than 14% of 4149 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
72
/ 100
Healthy
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability87▲+87
Solvency27▼-2
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €7k at 30 days acceptable
Liquidity short (current ratio 0.99 against 1.4 in 2024; short-term debt: 49.3% and cash: 31.8% of total assets), and 97.5% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Nine 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
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
Sector 47
higher
← 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
2.5%
Return on assets
14.7%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 14% of 4149 sector peers (2025).
NBB · sector comparisonPosition among 4149 sector peers
Solvency
better than 14%
← weakest
strongest →
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
26 d late
2023
29 d early
2022
53 d early
2021
40 d early
2020
30 d early
2019
49 d early
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
21-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€620k
2024 · €-463k
2018: €22k
2019: €-197k
2020: €90k
2021: €-76k
2022: €-262k
2023: €-494k
2024: €-463k
2018 → 2025
Working capital
€-30k
2024 · €534k
2018: €-798k
2019: €-955k
2020: €-830k
2021: €-876k
2022: €-1.12M
2023: €574k
2024: €534k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€-908k-€-1.17M▼ 28.9%€-1.66M▼ 42.2%€84k€104k▲ 23.7%
Operating result€-62k-€-252k▼ 305%€-485k▼ 92.7%€-446k▲ 8.1%€701k
Net result€-76k-€-262k▼ 245%€-494k▼ 88.3%€-463k▲ 6.2%€620k
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €701k after a loss of €446k in 2024, the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €4.21M
Fixed assets
€2.15M▲ 1,097%
Current assets
€2.06M▲ 9.7%
Equity and liabilities €4.23M
Equity
€104k▲ 23.7%
Debt
€4.12M▲ 109%
The debt ratio rises from 95.9% to 97.5%. Equity and debt are higher.
Key figures and ratios
EBITDA
€931k▲
2024 · €-372k
Cash flow
€850k▲
2024 · €-390k
Solvency
2.5%▼
2024 · 4.1%
Current ratio
0.99▼
2024 · 1.40
Quick ratio
0.76▼
2024 · 1.11
Debt / equity
39.67▲
2024 · 23.43
ROE
596.2%▲
2024 · -550.9%
ROA
14.7%▲
2024 · -22.5%
Interest coverage
9.91▲
2024 · -20.83
Debt
€4.12M▲
2024 · €1.97M
Debt ≤ 1 year
€2.09M▲
2024 · €1.34M
Debt > 1 year
€2.04M▲
2024 · €629k
Staff costs
€1.25M▲
2024 · €374k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€2.05M€4.23M▲
Formation expenses20-€20k
Fixed assets21/28€180k€2.15M▲
Tangible fixed assets22/27€171k€2.14M▲
Plant, machinery and equipment23€82k€250k▲
Furniture and vehicles24-€61k
Other tangible fixed assets26€89k€1.83M▲
Financial fixed assets28€8k€9k▲
Current assets29/58€1.87M€2.06M▲
Stocks and contracts in progress3€385k€461k▲
Stocks30/36€385k€461k▲
Amounts receivable within one year40/41€360k€240k▼
Trade receivables40€71k€173k▲
Other amounts receivable41€288k€67k▼
Cash at bank and in hand54/58€1.13M€1.35M▲
Deferred charges and accrued income490/1€2k€9k▲
Equity and liabilities
Total equity and liabilities10/49€2.05M€4.23M▲
Equity10/15€84k€104k▲
Contributions10/11€63k€63k=
Capital10€63k€63k=
Issued capital100€63k€63k=
Reserves13€1k€1k=
Non-distributable reserves130/1€1k€1k=
Legal reserve130€1k€1k=
Profit (loss) carried forward14€20k€40k▲
Amounts payable17/49€1.97M€4.12M▲
Amounts payable after more than one year17€629k€2.04M▲
Financial debts170/4€629k€2.03M▲
Other amounts payable178/9-€4k
Amounts payable within one year42/48€1.34M€2.09M▲
Current portion of amounts payable after more than one year42€31k€173k▲
Trade debts44€1.17M€1.15M▼
Suppliers440/4€1.17M€1.15M▼
Advances received on contracts in progress46-€1k
Taxes, remuneration and social security45€127k€164k▲
Taxes450/3€15k€188▼
Remuneration and social security454/9€112k€164k▲
Other amounts payable47/48€12k€600k▲
Income statement
Code20242025
Non-recurring operating income76A-€140k
Remuneration, social security and pensions62€374k€1.25M▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€74k€230k▲
Other operating charges640/8€6k€9k▲
Non-recurring operating charges66A€15k€2k▼
Gross operating margin9900€22k€2.19M▲
Operating profit (loss)9901€-446k€701k▲
Financial income75/76B€228€13k▲
Recurring financial income75€228€13k▲
Financial charges65/66B€18k€94k▲
Recurring financial charges65€18k€94k▲
Profit (loss) for the period before taxes9903€-463k€620k▲
Profit (loss) for the period9904€-463k€620k▲
Profit (loss) for the period to be appropriated9905€-463k€620k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-2.19M€640k▲
Profit (loss) brought forward from the previous period14P€-1.73M€20k▲
Transfer from equity791/2€2.21M-
Profit to be distributed694/7-€600k
Return on contributions (dividend)694-€600k
Social balance
Average headcount (FTE)908712.446.4▲
The notes to these accounts (13 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
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
2025
31-12
Financial
Back to profitnet €620k
Net result €620k after 4 loss-making years.
31-12
Financial
Equity above €100kEq €104k ▲23.7%
Equity rises from €84k to €104k.
26-08
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 26 days late
2024
02-07
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
31-12
Financial
Weakest financial yearnet €-494k
Net result drops to €-494k, the lowest in the series; recovery starts the following year.
31-12
Financial
Liquidity times 8current ratio 2.71
Current ratio from 0.35 to 2.71; short-term debt falls from €1.72M to €335k.
08-06
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
21-06
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
01-07
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
31-12
Financial
Back to profitnet €90k
Net result €90k after one loss-making year.
12-06
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
24-07
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
29-06
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
26-06
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
4 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Waremme · 1 establishment unit since 2000
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Chaussée Romaine (War) 1894300 WaremmeGround area
3,953 m²
Building footprint
1,915 m²
Volume, LiDAR
8,316 m³
Parcel 64074B0010/00G000, Wallonia · tallest building 7.5 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
Intermarché By Mestdagh
since 20002.093.020.567
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 64074B0010/00G000 | Wallonia | 3,953 m² | 1 · 1,915 m² | 7.5 m · 1 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Food safety, FASFC
1 siteWaremme2.093.020.567
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NIVELLES DIS
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Of 10,524 companies in sector 47110 we hold annual accounts for 5,860. 4,633 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded29-03-1999
Fiscal year end31-12
Activities, NACEBEL
47110Non-specialised retail sale with food, beverages or tobacco predominating
47115Retail trade
52115
Sources
Crossroads Bank for EnterprisesNational Bank · 27 filingsAddress and cadastre registers
Data from official sources, last processed on 20-09-2026. Scores and ratios are computed by Checked and are not a credit decision.