Alkove
ActiveSummary
Alkove has been active since 1980 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €3.1m and a net result of €143,143. Equity remains stable across the filed fiscal years (±1.9% per year). Its solvency ranks better than 89% of 4613 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability83▼-1
Solvency100▲+3
Growth22▼-18
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €35,000 at 30 days acceptable
Liquidity ample (current ratio 3.08 against 1.14 in 2024; short-term debt: 5.1% and cash: 1.4% of total assets), and 6.9% 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○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
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Real estate activities (NACE 68)
about 43% fewer bankruptcies
← 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
93.1%
Return on assets
4.4%
Age of the figures
9 mo
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 06-07-2026, 25 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
25 d early
2024
27 d early
2023
36 d early
2022
45 d early
2021
41 d early
2020
5 d late
2019
59 d early
← 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 33 days before the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 36% 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 30 June (4 of the last 4 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
29-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, full schema
In the rankings
#10 oldest company in Oostkamp, Real estate sector
Turnover
€364,789▼ 23.9%
2024 · €479,169
EBIT margin
47.1%▼ 13.5pp
2024 · 60.6%
Net result
€143,143▼ 40.1%
2024 · €239,042
Working capital
€350,458▲ 135%
2024 · €149,236
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 68, Real estate activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Turnover€448,887€479,169▲ 6.7%€364,789▼ 23.9%
Operating result€123,061▲ 827%€655,311▲ 433%€236,016▼ 64.0%€290,566▲ 23.1%€171,843▼ 40.9%
Net result€109,313within the sector's middle half▲ 12,214%€487,929above the sector's middle half▲ 346%€190,506above the sector's middle half▼ 61.0%€239,042above the sector's middle half▲ 25.5%€143,143within the sector's middle half▼ 40.1%
EBIT margin52.6%60.6%▲ 8.1pp47.1%▼ 13.5pp
Equity€3.4mabove the sector's middle half▼ 2.6%€3.5mabove the sector's middle half▲ 3.9%€3.7mabove the sector's middle half▲ 5.5%€2.9mabove the sector's middle half▼ 20.7%€3.1mwithin the sector's middle half▲ 4.9%
Total assets€4.5mwithin the sector's middle half▲ 23.0%€3.8mwithin the sector's middle half▼ 15.0%€4.1mwithin the sector's middle half▲ 5.9%€4.1mwithin the sector's middle half▲ 0.3%€3.3mwithin the sector's middle half▼ 19.3%
Debt€1.1m▲ 958%€276,492▼ 73.7%€315,890▲ 14.2%€1.1m▲ 247%€168,731▼ 84.6%
Working capital€433,219within the sector's middle half▲ 1.5%€658,095above the sector's middle half▲ 51.9%€860,212above the sector's middle half▲ 30.7%€149,236within the sector's middle half▼ 82.7%€350,458within the sector's middle half▲ 135%
Solvency74.4%above the sector's middle half▼ 19.5pp90.9%above the sector's middle half▲ 16.5pp90.6%above the sector's middle half▼ 0.4pp71.6%above the sector's middle half▼ 19.0pp93.1%above the sector's middle half▲ 21.5pp
Current ratio1.96within the sector's middle half▼ 3.973.38above the sector's middle half▲ 1.423.72above the sector's middle half▲ 0.341.14within the sector's middle half▼ 2.593.08within the sector's middle half▲ 1.94
Return on assets (ROA)2.4%within the sector's middle half▲ 2.4pp12.7%above the sector's middle half▲ 10.3pp4.7%within the sector's middle half▼ 8.0pp5.9%above the sector's middle half▲ 1.2pp4.4%within the sector's middle half▼ 1.5pp
Staff (FTE)0within the sector's middle half
above
within
below
the middle half (P25 to P75) of NACE 68, Real estate activities, each year against the same schema; no band under 30 filings.
Why a figure moved sharply
- 2023 Net result -61% on 2022. The previous fiscal year ran 18 months, this one 12.
- 2022 Net result +346% on 2021. This fiscal year ran 18 months, the previous one 12.
- 2021 Net result +12,214% on 2020. The accounts now follow the abbreviated schema, last year the micro schema.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 41% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €3.3m
Fixed assets
€2.8m ▼ 2.2%
Current assets
€519,145 ▼ 58.3%
Equity and liabilities €3.3m
Equity
€3.1m ▲ 4.9%
Provisions
€58,025 ▼ 7.4%
Debt
€168,731 ▼ 84.6%
Debt's share of the balance-sheet total falls from 26.9% to 5.1%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€234,988▼
2024 · €357,325
Cash flow
€206,288▼
2024 · €305,801
Debt to equity
0.06▼
2024 · 0.38
ROE
4.7%▼
2024 · 8.2%
Interest coverage
118.38▼
2024 · 335.24
Debt ≤ 1 year
€168,687▼
2024 · €1.1m
Income taxes
€60,967▼
2024 · €93,649
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 14,732 companies that looked in July 2024 the way this one looks now, 0.2% went bankrupt within 24 months and 96% are still going.
- Small
- 20 years or older
- solvency 30% or more
- a profit under 5% of the balance sheet
0.2%
went bankrupt
3.5%
stopped otherwise
96%
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 0.1% 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 497,338 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% | 1.9% |
| 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 14,732 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 | - | - | €448,887 | €479,169 | €364,789 | ▼ 23.9% |
| Non-recurring operating income76A | - | €387,272 | €0 | - | - | - |
| Goods, raw materials, services and sundry goods60/61 | - | - | €137,779 | €118,641 | €133,560 | ▲ 12.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €67,118 | €188,392 | €74,133 | €66,759 | €63,145 | ▼ 5.4% |
| Other operating charges640/8 | - | €58,447 | €42,219 | €53,516 | €50,440 | ▼ 5.7% |
| Non-recurring operating charges66A | - | €0 | €0 | - | - | - |
| Gross operating margin9900 | €245,884 | €902,150 | €352,367 | €410,841 | €285,428 | ▼ 30.5% |
| Operating profit (loss)9901 | €123,061 | €655,311 | €236,016 | €290,566 | €171,843 | ▼ 40.9% |
| Financial income75/76B | - | €31,583 | €26,828 | €38,584 | €29,644 | ▼ 23.2% |
| Recurring financial income75 | €11 | €31,583 | €26,828 | €38,584 | €29,644 | ▼ 23.2% |
| Financial charges65/66B | - | €4,283 | €725 | €1,066 | €1,985 | ▲ 86.2% |
| Recurring financial charges65 | €2,843 | €4,283 | €725 | €1,066 | €1,985 | ▲ 86.2% |
| Profit (loss) for the period before taxes9903 | €120,229 | €682,611 | €262,118 | €328,084 | €199,502 | ▼ 39.2% |
| Transfer from deferred taxes780 | - | €31,751 | €4,607 | €4,607 | €4,607 | = |
| Income taxes67/77 | €13,896 | €226,432 | €76,220 | €93,649 | €60,967 | ▼ 34.9% |
| Profit (loss) for the period9904 | €109,313 | €487,929 | €190,506 | €239,042 | €143,143 | ▼ 40.1% |
| Transfer from tax-exempt reserves789 | - | €95,252 | €13,822 | €13,822 | €13,822 | = |
| Profit (loss) for the period to be appropriated9905 | €118,254 | €583,181 | €204,329 | €252,864 | €156,966 | ▼ 37.9% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €4.5m | €3.8m | €4.1m | €4.1m | €3.3m | ▼ 19.3% |
| Fixed assets21/28 | €3.6m | €2.9m | €2.9m | €2.8m | €2.8m | ▼ 2.2% |
| Intangible fixed assets21 | - | - | - | €868 | €694 | ▼ 20.0% |
| Tangible fixed assets22/27 | €3.6m | €2.9m | €2.9m | €2.8m | €2.8m | ▼ 2.2% |
| Land and buildings22 | - | €2.8m | €2.8m | €2.8m | €2.7m | ▼ 2.0% |
| Plant, machinery and equipment23 | - | €47,892 | €40,785 | €34,442 | €28,850 | ▼ 16.2% |
| Current assets29/58 | €886,717 | €934,587 | €1.2m | €1.2m | €519,145 | ▼ 58.3% |
| Amounts receivable within one year40/41 | €810,646 | €652,185 | €1.1m | €1.0m | €444,136 | ▼ 55.8% |
| Trade receivables40 | - | €23,937 | €20,775 | €0 | €153,881 | - |
| Other amounts receivable41 | - | €628,248 | €1.0m | €1.0m | €290,255 | ▼ 71.1% |
| Cash at bank and in hand54/58 | €54,454 | €245,567 | €90,873 | €213,773 | €45,235 | ▼ 78.8% |
| Deferred charges and accrued income490/1 | - | €36,835 | €27,096 | €25,818 | €29,774 | ▲ 15.3% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €4.5m | €3.8m | €4.1m | €4.1m | €3.3m | ▼ 19.3% |
| Equity10/15 | €3.4m | €3.5m | €3.7m | €2.9m | €3.1m | ▲ 4.9% |
| Contributions10/11 | €123,000 | €123,000 | €123,000 | €123,000 | €123,000 | = |
| Capital10 | - | €123,000 | €123,000 | €123,000 | €123,000 | = |
| Issued capital100 | - | €123,000 | €123,000 | €123,000 | €123,000 | = |
| Revaluation surpluses12 | - | €2.3m | €2.3m | €2.3m | €2.2m | ▼ 1.1% |
| Reserves13 | €517,366 | €1.0m | €1.3m | €523,436 | €691,862 | ▲ 32.2% |
| Non-distributable reserves130/1 | - | €12,300 | €12,300 | €12,300 | €12,300 | = |
| Legal reserve130 | - | €12,300 | €12,300 | €12,300 | €12,300 | = |
| Tax-exempt reserves132 | - | €267,692 | €253,870 | €240,047 | €226,225 | ▼ 5.8% |
| Distributable reserves133 | - | €763,331 | €992,942 | €271,089 | €453,337 | ▲ 67.2% |
| Profit (loss) carried forward14 | - | €0 | - | €0 | €0 | - |
| Provisions and deferred taxes16 | €103,598 | €71,848 | €67,240 | €62,633 | €58,025 | ▼ 7.4% |
| Deferred taxes168 | - | €71,848 | €67,240 | €62,633 | €58,025 | ▼ 7.4% |
| Amounts payable17/49 | €1.1m | €276,492 | €315,890 | €1.1m | €168,731 | ▼ 84.6% |
| Amounts payable after more than one year17 | €580,619 | €0 | - | - | - | - |
| Financial debts170/4 | - | €0 | - | - | - | - |
| Amounts payable within one year42/48 | €453,498 | €276,492 | €315,890 | €1.1m | €168,687 | ▼ 84.6% |
| Current portion of amounts payable after more than one year42 | - | €0 | - | - | - | - |
| Financial debts43 | - | - | - | €46,760 | €33,497 | ▼ 28.4% |
| Credit institutions430/8 | - | - | - | €46,760 | €33,497 | ▼ 28.4% |
| Trade debts44 | €153,310 | €41,844 | €81,662 | €34,024 | €120,516 | ▲ 254% |
| Suppliers440/4 | - | €41,844 | €81,662 | €34,024 | €120,516 | ▲ 254% |
| Taxes, remuneration and social security45 | - | €234,648 | €234,229 | €13,781 | €14,674 | ▲ 6.5% |
| Taxes450/3 | - | €234,648 | €234,229 | €13,781 | €14,674 | ▲ 6.5% |
| Other amounts payable47/48 | - | €0 | - | €1.0m | €0 | ▼ 100% |
| Accrued charges and deferred income492/3 | - | €0 | - | - | €44 | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €109,313 | €487,929 | €190,506 | €239,042 | €143,143 | ▼ 40.1% |
| + Depreciation and write-downs630 | €67,118 | €188,392 | €74,133 | €66,759 | €63,145 | ▼ 5.4% |
| Operating cash flow (approximation) | €176,431 | €676,321 | €264,639 | €305,801 | €206,288 | ▼ 32.5% |
| Investment in fixed assets (approximation) | - | €537,066 | -€57,915 | -€12,169 | -€502 | ▲ 95.9% |
| Change in cash | - | €191,113 | -€154,694 | €122,900 | -€168,538 | ▼ 237% |
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
06-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
31-12
Financial
Liquidity triplescurrent ratio 3.08
Current ratio from 1.14 to 3.08; short-term debt falls from €1.1m to €168,687.
04-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
25-06
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
16-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2021
21-12
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
05-02
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 5 days late
2020
30-06
Financial
Weakest financial yearnet €888 ▼99.9%
Net result drops to €888, the lowest in the series; recovery starts the following year.
30-06
Financial
Liquidity quadruplescurrent ratio 5.93
Current ratio from 1.57 to 5.93; short-term debt falls from €689,380 to €86,626.
2019
03-12
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2018
21-12
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
08-01
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2016
21-12
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 15 acts read
About the unread acts
We know of 15 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
15 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, Oostkamp · 1 establishment unit since 1989
Ground area
818 m²
Building footprint
541 m²
Volume, LiDAR
7,619 m³
Parcel 31403F0145/00C000, Flanders · tallest building 25.9 m, ±5 floors. Linked by address, not a title deed.
59
companies at this address
See who is registered here
1 establishment unit
ALKOVE
since 19892.130.007.657
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 31403F0145/00C000 | Flanders | 818 m² | 1 · 541 m² | 25.9 m · 5 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Structure & network
Part of the group
ALIREC
12 companies
Group, risk and exposure
Owners and holdings
1 ownerChain of control
- ALIREC
- GLOBAL RENTAL PROPERTIES
- Alkove
Highest known parent: ALIREC. The sources do not say who stands above it.
Owners 1
-
100%
Holdings 0
No holding stated in the accounts, acts or LEI register we read.
According to the annual accounts of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
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Of 9,145 companies in sector 68201 we hold annual accounts for 6,776. 3,808 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded02-02-1980
Fiscal year end31-12
Activities, NACEBEL 2025
68201Renting and operating of own or leased residential real estate, excluding social housing
68310Real estate agency activities
E-invoicing
Reachable via Peppol
Peppol ID
0208:0420284271
Registered
05-10-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.