Alliance construct
ActiveSummary
The computed 12-month bankruptcy probability of Alliance construct is 2.7% (moderate). The 2024 annual accounts show equity of €34,561 and a net result of €7,900. Equity is growing by ~48% per year across the filed fiscal years. Its solvency ranks better than 19% of 36380 sector peers (fiscal year 2024). The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
Axes · tick = 2023
Profitability61▼-17
Solvency42▼-4
Growth78=
Track record100
Bankruptcy probability, 12 months
2.7%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €1,500 at 30 days acceptable
Liquidity tight (current ratio 1.06 against 0.96 in 2023; short-term debt: 50.2% and cash: 4.8% of total assets), and 83.3% of the assets are financed with debt.
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Signals
Six signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
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 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% 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 2024Solvency, return and age of the figures
Solvency
16.7%
Return on assets
3.8%
Age of the figures
21 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 19% of 36380 sector peers (2024).
NBB · sector comparisonPosition among 36380 sector peers
Solvency
better than 19%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 29-09-2025, 60 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 5 filingsDeviation from the deadline
2025
not confirmed
2024
60 d late
2023
33 d late
2022
100 d late
2021
158 d late
2020
242 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 5 accounts on average 119 days after the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, micro schema
Turnover
€260,758
EBIT margin
7.3%
Net result
€7,900▼ 10.3%
2023 · €8,805
Working capital
€6,285
2023 · -€4,209
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Turnover€260,758
Operating result-€14,677-€23,967€9,713▼ 59.5%€12,591▲ 29.6%€19,020▲ 51.1%
Net result-€14,707-€21,575€6,989▼ 67.6%€8,805▲ 26.0%€7,900▼ 10.3%
EBIT margin7.3%
Equity-€10,707-€10,868€17,857▲ 64.3%€26,661▲ 49.3%€34,561▲ 29.6%
Total assets€7,739-€143,436▲ 1,754%€101,477▼ 29.3%€125,546▲ 23.7%€207,461▲ 65.2%
Debt€18,446-€132,568▲ 619%€83,620▼ 36.9%€98,885▲ 18.3%€172,900▲ 74.8%
Working capital-€10,707--€25,607▼ 139%-€16,348▲ 36.2%-€4,209▲ 74.3%€6,285
Turnover and EBIT margin not published: the micro schema does not require them.
Why a figure moved sharply
- 2021 Total assets +1,754% on 2020. Cause not known from the registers.
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed two years in a row; 2024 is 51% above 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €207,461
Fixed assets
€97,087 ▲ 214%
Current assets
€110,373 ▲ 16.6%
Equity and liabilities €207,461
Equity
€34,561 ▲ 29.6%
Debt
€172,900 ▲ 74.8%
Debt's share of the balance-sheet total rises from 78.8% to 83.3%. Equity and debt are higher.
Key figures and ratios
EBITDA
€36,786▲
2023 · €33,579
Cash flow
€25,666▼
2023 · €29,792
Current ratio
1.06▲
2023 · 0.96
Quick ratio
0.82▲
2023 · 0.76
Debt to equity
5.00▲
2023 · 3.71
ROE
22.9%▼
2023 · 33.0%
ROA
3.8%▼
2023 · 7.0%
Interest coverage
3.55▼
2023 · 49.98
Debt ≤ 1 year
€104,089▲
2023 · €98,885
Debt > 1 year
€68,811
Income taxes
€806▼
2023 · €3,115
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 3,270 companies that looked in July 2024 the way this one looks now, 2.1% went bankrupt within 24 months and 95% are still going.
- Micro
- 5 to 10 years old
- solvency 10 to 30%
- a profit under 5% of the balance sheet
2.1%
went bankrupt
2.5%
stopped otherwise
95%
still going
A further 0.8% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a higher bankruptcy probability: 2.7% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
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 3,270 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 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | - | - | - | - | €260,758 | - |
| Goods, raw materials, services and sundry goods60/61 | - | - | - | - | €219,038 | - |
| Remuneration, social security and pensions62 | - | €6,730 | €3,689 | €241 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | €25,520 | €29,484 | €20,988 | €17,766 | ▼ 15.3% |
| Other operating charges640/8 | - | €1,277 | €1,910 | €1,756 | €18,019 | ▲ 926% |
| Non-recurring operating charges66A | - | - | - | €1,500 | - | - |
| Gross operating margin9900 | -€13,801 | €57,494 | €44,797 | €37,076 | €54,805 | ▲ 47.8% |
| Operating profit (loss)9901 | -€14,677 | €23,967 | €9,713 | €12,591 | €19,020 | ▲ 51.1% |
| Financial income75/76B | - | €0 | €144 | - | €61 | - |
| Recurring financial income75 | - | €0 | €144 | - | €61 | - |
| Financial charges65/66B | - | €66 | €307 | €672 | €10,376 | ▲ 1,444% |
| Recurring financial charges65 | €30 | €66 | €307 | €672 | €10,376 | ▲ 1,444% |
| Profit (loss) for the period before taxes9903 | -€14,707 | €23,902 | €9,550 | €11,919 | €8,706 | ▼ 27.0% |
| Income taxes67/77 | - | €2,327 | €2,561 | €3,115 | €806 | ▼ 74.1% |
| Profit (loss) for the period9904 | -€14,707 | €21,575 | €6,989 | €8,805 | €7,900 | ▼ 10.3% |
| Profit (loss) for the period to be appropriated9905 | -€14,707 | €21,575 | €6,989 | €8,805 | €7,900 | ▼ 10.3% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €7,739 | €143,436 | €101,477 | €125,546 | €207,461 | ▲ 65.2% |
| Fixed assets21/28 | - | €36,475 | €34,205 | €30,871 | €97,087 | ▲ 214% |
| Tangible fixed assets22/27 | - | €36,475 | €34,205 | €30,871 | €97,087 | ▲ 214% |
| Furniture and vehicles24 | - | €36,475 | €34,205 | €30,871 | €18,609 | ▼ 39.7% |
| Leasing and similar rights25 | - | - | - | - | €78,478 | - |
| Current assets29/58 | €7,739 | €106,961 | €67,272 | €94,675 | €110,373 | ▲ 16.6% |
| Stocks and contracts in progress3 | - | - | €24,658 | €19,423 | €24,652 | ▲ 26.9% |
| Stocks30/36 | - | - | €24,658 | €19,423 | €20,152 | ▲ 3.8% |
| Contracts in progress37 | - | - | - | - | €4,500 | - |
| Amounts receivable within one year40/41 | €353 | €95,380 | €34,145 | €68,889 | €64,016 | ▼ 7.1% |
| Trade receivables40 | - | €91,663 | €31,455 | €64,792 | €56,709 | ▼ 12.5% |
| Other amounts receivable41 | - | €3,717 | €2,690 | €4,097 | €7,307 | ▲ 78.3% |
| Cash at bank and in hand54/58 | €7,385 | €11,581 | €8,470 | €6,364 | €9,979 | ▲ 56.8% |
| Deferred charges and accrued income490/1 | - | - | - | - | €11,726 | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €7,739 | €143,436 | €101,477 | €125,546 | €207,461 | ▲ 65.2% |
| Equity10/15 | -€10,707 | €10,868 | €17,857 | €26,661 | €34,561 | ▲ 29.6% |
| Contributions10/11 | - | €4,000 | €4,000 | €4,000 | €4,000 | = |
| Outside capital11 | - | €4,000 | - | - | - | - |
| Share premium1100/10 | - | €4,000 | - | - | - | - |
| Profit (loss) carried forward14 | -€14,707 | €6,868 | €13,857 | €22,661 | €30,561 | ▲ 34.9% |
| Amounts payable17/49 | €18,446 | €132,568 | €83,620 | €98,885 | €172,900 | ▲ 74.8% |
| Amounts payable after more than one year17 | - | - | - | - | €68,811 | - |
| Financial debts170/4 | - | - | - | - | €68,811 | - |
| Amounts payable within one year42/48 | €18,446 | €132,568 | €83,620 | €98,885 | €104,089 | ▲ 5.3% |
| Current portion of amounts payable after more than one year42 | - | - | - | - | €15,927 | - |
| Financial debts43 | - | - | - | - | €5 | - |
| Credit institutions430/8 | - | - | - | - | €5 | - |
| Trade debts44 | €4,831 | €94,041 | €44,637 | €48,940 | €51,325 | ▲ 4.9% |
| Suppliers440/4 | - | €94,041 | €44,637 | €48,940 | €51,325 | ▲ 4.9% |
| Taxes, remuneration and social security45 | - | €4,886 | €2,822 | €5,937 | €3,921 | ▼ 34.0% |
| Taxes450/3 | - | €2,327 | €2,822 | €5,937 | €3,921 | ▼ 34.0% |
| Remuneration and social security454/9 | - | €2,559 | - | - | - | - |
| Other amounts payable47/48 | - | €33,641 | €36,160 | €44,008 | €32,911 | ▼ 25.2% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€14,707 | €21,575 | €6,989 | €8,805 | €7,900 | ▼ 10.3% |
| + Depreciation and write-downs630 | - | €25,520 | €29,484 | €20,988 | €17,766 | ▼ 15.3% |
| Operating cash flow (approximation) | -€14,707 | €47,095 | €36,473 | €29,792 | €25,666 | ▼ 13.9% |
| Investment in fixed assets (approximation) | - | - | -€27,214 | -€17,654 | -€83,983 | ▼ 376% |
| Change in cash | - | €4,196 | -€3,112 | -€2,106 | €3,615 | ▲ 272% |
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
2025
29-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 60 days late
2024
02-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 33 days late
2023
08-11
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 100 days late
05-01
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 158 days late
2022
30-03
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 242 days late
2021
31-12
Financial
Back to profitnet €21,575
Net result €21,575 after one loss-making year.
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 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
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, Florennes · 1 establishment unit since 2020
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.
Rue de la Station, Morialmé 2725620 Florennes1 establishment unit
Alliance Construct
since 20202.308.192.796
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Of 15,521 companies in sector 43990 we hold annual accounts for 7,420. 5,806 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded22-06-2020
Fiscal year end31-12
Activities, NACEBEL 2025
43990Other specialised construction activities
41001General construction of residential buildings
41002Construction of residential and non-residential buildings
41003General construction of other non-residential buildings
43211General electrical installation work
43910Bricklaying and masonry work
Contact
E-mail
allianceconstruct20@gmail.com
Phone
0471/91 07 39
E-invoicing
Reachable via Peppol
Peppol ID
0208:0748845542
Registered
18-12-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.