Equity
Debts exceed assets in financial year 2025.
Debts exceed assets in financial year 2025.
The result fell in 2025 from €1.0m to €26,340.
Of this, €16.4m falls due within a year.
Alken-Maes All Services pays its suppliers 24 days later than in 2024. Customers pay 5 days earlier.
Latest accounts filed late: after the legal deadline.
Board changed. Latest change 01-10-2026 · 2 in office.
The dashed line is the sector median: 0.2% across 746 companies (NACE 46, medium-sized).
About 3 in 100 comparable companies go bankrupt within 12 months (an estimate).
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 46, medium-sized). It does better than 1% of them on solvency, 0% on liquidity, 22% on profitability and 26% on growth.
The bankruptcy probability was computed on 07-11-2026 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 31-12-2025.
Of the companies with a bankruptcy probability in the moderate class on 30-06-2025, 2.4% 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).
In July 2024, 133 companies had the same profile as Alken-Maes All Services has now. Each dot is one company, two years later.
Another 0.8% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of Alken-Maes All Services itself is higher: 2.7% within 12 months. It rests on far more data about Alken-Maes All Services than the profile alone.
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 133 companies, not a prediction for Alken-Maes All Services. 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.
Liquidity is insufficient, with a current ratio of 0.77 (0.77 in 2024), below 1. Short-term debt is 130% of total assets. Equity is negative.
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
The company filed its last 7 accounts on average 30 days after the deadline. In the sector (NACE 46), the median for financial year 2024 was 3 days before the deadline, and 39% of those companies filed late.
| Company | ||||
|---|---|---|---|---|
| Alken-Maes All Services Mechelen | €37.8m | 0.2% | -39.5% | - |
| WINCO Beersel | €33.0m | 6.8% | 44.5% | 12.9 |
| Etn. Verschueren Antwerp | €28.9m | 5.0% | 57.6% | 30.6 |
| BROUWERIJ CORSENDONK - DISTRIBUTIE Turnhout | €18.8m | 0.2% | 15.0% | 13 |
| SCHENK Braine-l'Alleud | €28.6m | 3.1% | 23.0% | 13.1 |
| WIJNGALERIJ CROMBE Kortrijk | €22.4m | 3.7% | 54.0% | 22.7 |
| HORECA LOGISTIC SERVICES WEST Deerlijk | €21.1m | 4.4% | 49.5% | 38 |
Grey: the largest companies of the sector (wholesale trade (NACE 46)), without their names. Blue: the sector peers from the table.
These companies have the same main activity as Alken-Maes All Services: wholesale of beverages, general range (NACE 46349). They are comparable in size and age: total assets between €9m and €16m, founded between 1978 and 1989.
Alken-Maes All Services has existed since 1983. Turnover fell from €50.7m in 2019 to €21.2m in 2020.
Turnover has fallen every year since 2022.
Alken-Maes holds all the shares.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
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